This is how a “bank run” starts folks!
This toon is very appropriate and very timely …but please don’t “laugh” at it!
I did not intend to write today but 3 events warrant a heads up.
1. Deutsche Bank may be having their “Lehman moment” as 10 hedge funds have withdrawn funds and are cutting exposure with DB.
This is how a “bank run” starts folks! Quite convenient that this Monday I believe is a banking holiday in Germany. If this is truly a Lehman moment, we will have a far larger event in a very compressed timeframe than we had in 2008.
The ramifications of this are beyond human comprehension to understand how widespread the fallout can be. Think “Rollover” by multiples with the added negative the U.S. is no longer the sole military superpower in the world. I wrote about this last week, the important thing to understand is the assets that get sold in dollars…will not remain in dollars very long!
3. It looks like John Kerry is threatening to cut off diplomatic ties with Russia.
This is horrific on so many levels, particularly to the survival of the human race. Please understand the “timing” of this particular item. All three of these events are happening at one time, if you believe it’s a “bad coincidence” you are wrong in my opinion. The takedown of the Western standard of living is happening in real time, right now. Ignore this at your own risk!