I have a cousin in a high position in UniCredit, and he is getting full prepper. He is preparing himself to leave the continent and move to Indonesia. He said to my parents not to buy gold but to buy land (in foreign countries) he has properties in Indonesia and he is preparing to go there with the family.
I don't understand much of what he says, and he usually speaks with my parents not with me. I want to ask you guys what is going on? Should I ask on Bitz?
nesara is coming collapse is inevitable but hopefully will last some days
Jason Nguyen
Deutsche Bank has screwed up, they are firing people and restructuring. If things go too bad, Germany will have to bail them out.
Levi Sullivan
the banks are covered by the tax payers in the US according to law, but you should tell you cousin to get out of the industry because he will be getting the guillotine if the banks go titsup again. this time no prisoners, and don't tell people you are related to a banker.
Julian Stewart
We'll be taking your land with force if shit hits the fan over here.
David Thompson
Tax payers may patch some billions, not hundreds of billion or worse. This is the scale we are talking about with the deusche bank...also domino effect with the other banks
Jonathan Brown
The Deutsche Bank is on its last legs. Everything depends on their stock value now. As long as they'll be able to keep the illusion of them still being able to operate, they'll get by.
But if they go into bankruptcy, many other banks are fucked, which could cause the next finance system crash.
You mates concern is rightful.
Logan Hill
I would like to add, that many austrian banks are depending on them.
If they go south, so will the Erste Bank, Unicredit and Raiffeisen. They have invested heavily in eastern european markets, so it could fuck up shit there as well.
Justin Flores
That's probably the real reason why Merkel was shaking in public lately.
Xavier Sanders
Finally. Germans will finally manage to finish what they sought for so long. Destroying Europe.
Wyatt Evans
>Tax payers may patch some billions, not hundreds of billion or worse. Yes we can. We just need to own the central banks first, and then we can just helicopter drop money until the denbt is inflated away.
Henry Price
They're currently having issues with their online banking and ATMs. I know you're probably not going to understand this Frankfurter Allgemeine Zeitung article, but I'll post it anyways, as source.