Belize’s leading newspaper warns its citizens to prepare for the imminent collapse of the EU – and the onset of World War III

Jon Banking, Blogosphere, Economy, Government, Market Commentary, Politics, Real Estate, War

July 2016 – BELIZE – Last weekend, Prime Minister Renzi said that while Italy has a banking crisis that could end in collapse at any time because of the more than 360 million euros in non-performing debt; he should warn that the crisis surrounding Deutsche Bank is ‘a hundred times worse.’ Deutsche Bank is sitting on a pile of non-performing loans and some US $ 72.8 trillion in current derivatives contracts. Germany’s entire GDP is US $ 4 trillion, and the entire European countries produce some US $ 18 trillion dollars per year. Deutsche has a leverage ratio of 40:1. Remember Lehman at the time of its collapse had a leverage ratio of 31:1. In the last 12 months, Deutsche Bank’s balance sheet fell some 48%. Now it’s at 8% of its value in the year 2007.
But another bubble is about to burst in Europe. According to Bloomberg, as of July 17th major real estate funds in London were facing major investors’ run; and the prospect of an imminent blowout of the entire British real estate bubble is very real. Standard Life Investments has suspended its UK Real Estate fund so as to stop investors’ pulling out money. The panic was clearly shown Monday when it was announced that Andrea Leadsom was strong-armed to withdraw from the race for leader of the British Conservative party so that Theresa May can be installed today (Wednesday) as Prime Minister. Why? The Brits needs a government in place to deal with the onrushing crisis.
On Sunday, David Folkerts-Landau, chief economist of Deutsche Bank, gave an interview in which he called on Europe to immediately emit an emergency 150 billion euros bailout. At the same time RT reported that George Soros had written an op-ed in which he said that the collapse of the EU was ‘almost inevitable’ since the Brexit vote. Taken together, the current conditions in Italy, Deutsche Bank and the London real estate market are certainly more than enough to blow up the entire trans-Atlantic financial sector. Leading political figures in Germany are now calling for a one-time capital injection to save Deutsche Bank and thus save Germany, Europe and the United States.

This post was published at UtopiatheCollapse on July 24, 2016.