Deutsche Bank Titanic Iceberg Moment Is Here? Sprott Inc going after COMEX/LBMA? (Video)
Jason Burack of Wall St for Main St did a short video about Deutsche Bank’s increasing problems as counter parties and hedge funds pull their capital from the large bank while the stock price continues to fall. Jason also talks about how Jim Cramer spread a rumor of Deutsche Bank getting a drastically reduced fine from the DOJ.
The problem with the banks is that a lot of their assets are someone elses liabilities and there isn’t enough unallocated capital to cover them. So worldwide liabilities exceed worldwide assets.