The Phaserl


Deutsche Bank Continues To Plummet As Moody’s Gives Them A Downgrade – Lehman Brothers 2.0?

from World Alternative Media:

A few months ago we spoke with Stephen P Kendal about the inevitable crash of Deutsche Bank as their derivative exposure hit 75 trillion dollars which is the GDP of the entire world, not to mention the fact that Germany’s GDP is 3.7 trillion. We still remain convinced that Deutsche Bank will collapse and with the recent news that Moody’s downgraded Deutsche Bank’s credit rating, we’re more convinced than ever.

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