The Phaserl


Is Deutsche Bank on the Verge of Failing the EU Stress Test?

by Bix Weir, Road to Roota:

Everybody that follows the European Banks are worried that the oldest bank in the world, the Italian bank Monte dei Paschi di Siena(MPS), will fail the Stress Test unless they get a private bailout of 5B Euro by tomorrow. If they don’t then the Italian Banking System will likely implode come Monday.

Will they or won’t they?…or does it even matter?

If the European banking system is so weak that it hinges on a 5B Euro bailout of a single bank you know the problems are much, much bigger. What will a bailout of MPS fix? Nothing.

But as pointed out in this article, Deutache Bank is the second in line for FAILURE in the Euro Stress Test…

Deutsche Bank Reveals Fall in Profits as Markets Await Stress Test Results

“The new figures are published before the publication of the latest round of stress tests on EU banks – the outcome of which will be known at 9pm London time on Friday – with much of the focus on Italy, particularly Monte dei Paschi di Siena (MPS), the world’s oldest bank. The tests assess banks’ ability to withstand economic shocks such as a stock market crash.”

“But analysts at Barclays said Deutsche Bank was “potentially in regulators’ crosshairs, too”. According to their calculations, Deutsche was second only to MPS when it re-ran this year’s stress tests against the last ones in 2014.”

AND here’s the rub…

If MPS doesn’t come up with the bailout money and sets off the Italian banking collapse then Deutsche bank will surely be in a world of hurt with their Italian bonds (12B Euro) and other investments in the region. Oh. Let’s not forget about all the Deutsche Bank DERIVATIVES written on Italian debt.

So basically, if MPS fails then the Deutsche Bank failure will be following closely behind.

And if they fail the $70T in Derivatives become not only highly questionable(as it is now) but radioactive!

And it will spread on and on.

Now you know why the 4th book had so much Gloom and Doom in it. We are about to experience something never before experienced in human history….the DEATH of a Global Fiat Monetary System.

You should really by physical silver and Bitcoin by the TRUCK LOAD today and tomorrow before the weekend hits and the world wants to buy it on MONDAY.

May the Road you choose be the Right Road.

Bix Weir

Note: In my previous email I said it was “interesting” that the EU Stress Test was being released 1 hour BEFORE the market in the US was closed. This was an error as the time for release is 9pm UK time and not the European timezone which is 1 hour earlier.

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