Gold News Daily
9.29.16 – Imprison the Big Bad Bankers (Big Bad Economic Terrorists! My Comment at Brutal Proof!)
Gold last traded at $1,326 an ounce. Silver at $19.18 an ounce.
NEWS SUMMARY: Precious metal prices traded mixed Thursday with gold prices lifted by renewed banking fears. U.S. stocks traded sharply lower as banking stocks fell sharply, led by Deutsche Bank’s 6.5% sell-off.
Why is Deutsche Bank now the biggest worry in the financial world? –Telegraph
“After several years of fretting about Spanish, Italian and French banks as the eurozone economy staggered onwards, the financial markets became nervous about the health of the German powerhouse Deutsche Bank and its smaller competitors at the start of this year….Deutsche posted its first full-year loss since 2008 in January due to a variety of problems including a 5.2bn euro provision for fines and lawsuits, sending its shares careering lower and pushing its new bonds into a tailspin….Shares in Deutsche have lost more than half their value so far this year. The IMF hasn’t helped matters, saying in June that the bank is the greatest contributor to systemic risk in the world’s biggest lenders….Is this another Lehman Brothers?”
The symbol of bank security used to be the safe. Today it should be the “unsafe” as your bank deposits are now in danger in at least 20 major ways – from cybercriminals, money-hungry politicians, Too-Big-To-Fail bankers, and those now stealing your dollars’ value – including the dollars you thought were secure inside bank vaults. For details, request a FREE Executive Summary of DON’T BANK ON IT!