The Phaserl


John Rubino – Deutsche Bank, China and The Debate!

by Kerry Lutz, Financial Survival Network:

John Rubino says that Deutsche Bank is sinking and the German Government put out a statement saying that they would not bail it out. That can mean only one thing, get ready for the ultimate bailout. Will they nationalize it and toss out management? We can only guess, but something’s gotta give. China has run up more debt is less time than any other country in history. But has it solved anything? Not really, it’s only resulted in more mal-investment and corruption. Local banks are now loaning money to each other to keep the game going. How much longer can it last? The presidential debate between Hillary and the Donald is scheduled for tonight. Will it actually take place? Hillary is not looking too good these days. It’s the equivalent of the Ali-Fraizer fight. But is it really?

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