KEEP YOUR EYE ON THE BALL. IN THIS CASE DEUTSCHE BANK. THEY HAVE BEEN A POWER BANK FOR MANY YEARS AND YET THEY CONTINUE TO LOSE VALUE AND CUSTOMERS. IN FACT THIS WEEK THEY HAVE LOST 9% OF THEIR VALUE ALREADY. WHY IS THIS IMPORTANT? I HOPE YOU ARE ASKING YOURSELF THAT VERY QUESTION. DEUTSCHE BANK WAS A MAJOR OWNER OF DERIVATIVES, WHICH UNTIL RECENTLY, PROVIDE THEM WITH THE AURA OF STABILITY PHONY VALUE. THEY HAVE BEEN ABLE TO DIVEST THEMSELVES OF MOST OF THESE NOW VALUELESS FIAT BASED PROPERTIES (NOT PHYSICAL) AS THE FED AND MANY CENTRAL BANKS ASSUMED OWNERSHIP OF A SMALL PERCENTAGE EACH OF THE TOTAL AMOUNT HELD BY DEUTSCHE BANK. BUT IT IS TO LATE. THE FED HAS ANNOUNCED ANOTHER LOWERING OF THE RATE.
DID YOU KNOW THAT THE FEDERAL RESERVE IS PRINTING UP TO 100 BILLION IN NEW BILLS EACH DAY? DID YOU KNOW THAT MOST BANKS ARE VERY CASH POOR? IN MY CONVERSATIONS IT IS READILY APPARENT THAT DEUTSCHE BANK CANNOT AVOID FOLDING IN A VERY SHORT TIME. WHAT WILL FOLLOW WILL POSSIBLY BE A FINANCIAL CRISIS HEARD ROUND THE WORLD. THIS WILL CAUSE A PROFOUND EFFECT ON ALL CENTRAL BANKS WHICH, IN TURN, WILL TRICKLE DOWN TO ALL BANKS WORLDWIDE. YOU MUST BE PREPARED FOR THIS EVENT, WHICH SHOULD BRING ON THE GCR BY THE WAY AND AID IN THE PROCESS AID IN REMOVING THE DS PLAYERS WORLDWIDE.
IMHO THERE ARE HARD TIMES ON THE HORIZON AS WE COME TO, OR EVEN LEAN PRECARIOUSLY OVER THAT CLIFF. WE WILL SEE DIFFICULT FINANCIAL TIMES AS BUSINESSES COLLAPSE THROUGH LACK OF CAPITAL AND ARE REBORN OR REPLACED BY FORTUNATE PEOPLE LIKE YOU AND I. THE PROJECTS YOU HAVE PLANNED WILL BE VERY IMPORTANT BUILDING BLOCKS FOR ALL ECONOMIES OF THE WORLD.
HOW MANY WELL-TO-DO AND MIDDLE CLASS FAMILIES AND INDIVIDUALS TODAY WILL BE OUT OF WORK BECAUSE THE COMPANY THEY WORKED FOR ARE FORCED TO CUT COSTS OR SHUT DOWN? HOW MANY OF THESE FAMILIES HAVE NO CASH OR HARD ASSETS SAVED IN THE SOCK DRAWER TO PROTECT THEMSELVES AND THEIR FAMILIES AGAINST A TIME WHEN LOCAL BANKS CLOSE SHORT TERM OR PERMANENTLY?
THE UPCOMING GCR WILL BE A TIME FOR REJOICING FOR SURE BUT IT WILL ALSO CREATE PANIC AND HAND WRINGING SO BE PREPARED AS BEST AS YOU CAN. REMEMBER THIS AS WELL... YOU ARE BETTER SERVED WITH A GROUP OF LIKE MINDED PEOPLE SO BE PREPARED AND EDUCATE THOSE NEIGHBORS AND FRIENDS YOU TRUST. MANY OF YOU ARE MEMBERS OF CHURCH GROUPS AND OTHER GROUPS OF LIKE MINDED PEOPLE SUCH AS VFW, AMERICAN LEGION AND THEIR VARIOUS AUXILIARY GROUPS. THERE WILL BE MANY WAYS TO BENEFIT YOUR COMMUNITY.
ONE LAST THOUGHT...
WHAT EFFECT DOES THE PRINTING OF MORE WORTHLESS USD HAVE ON THE CURRENT VALUE OF THE USD? HAVE YOU NOTICED THE SLOW INCREASE IN THE COST OF EVERYTHING?
zejaybee said
Nov 1, 2019
Well said Admin. Thank you for your well grounded, educated statement. The sign of a true leader is ability to see the lay of the land, improvise, adapt and overcome. It is an honor to have the privilege to have been associated, although loosely, with you.
Blessings friend,
KLS said
Nov 1, 2019
Thank you, AdminBill ❤
zippymae said
Nov 1, 2019
Thank you adminbill. Yes, have noticed the slow increase in the cost of everything. If things are going to crash, wonder when they will let this go to get the most benefit and help Trump.
tiffer said
Nov 1, 2019
As more dollars are printed and the USD has less buying power, prices rise and inflation ramps up. People on fixed incomes suffer the most!
DynaDong said
Nov 1, 2019
Admin Bill
Yikes
Have just read the discussion for today, you may also have seen stuff in the news about HSBC cutting lots of jobs worldwide to 'reorganise'. All a bit scary, my concern is that if all these banks go out of biz or to the wall, where will we exchange ??
Good Grief
Greenrage said
Nov 1, 2019
Thanks AdminBill..
This should not meant to panic people.. but to inform and prepare people.
I have heard people in the know say you should be prepared for 3-4 weeks of food and water and what ever else runs your life, but I am more inclined to say 6 month to a year.
Charles Nenner stated that when the stocks hit 6.50 for Deutche bank they are in trouble and 7.00 you should be worried..
We are beyond that.
We should consider ourselves lucky that we have made this investment..
Many have not. and will panic..
I understand people wanting to help people, and I would make decisions about who that might be, right now.. Family and close friends.. but do it as anonymous as you can.. You only have to look around to see that there are many people who are true socialist, and feel that if you have something, they should have that something too. So they take it..
Much like a drowning person.. they will do what they have to to keep their head above water. IMHO
Thank you again for your opinion..
Cancun said
Nov 1, 2019
Thank you Admin. Good discussion to ponder. Greenrage, I appreciated your comment as well. We can’t be too careful.
GEG-Dinar said
Nov 1, 2019
Just a note, Deutsche Bank hit a low of $6.44 on August 14th. Today it closed at $7.37, up .12 from yesterday. I agree with Admin that Deutsche Bank is a Dumpster Fire and can potentially be a huge trigger for bad stuff to happen. Let's see what happens over the coming weeks.
dpchamp said
Nov 1, 2019
Thank you for helping us be more aware.
Yes, as more "worthless money" is printed, it is less valuable!!
Miryav said
Nov 1, 2019
Thank you ADMINBILL !
Silver1 said
Nov 1, 2019
Well Said! I concur!
moneysmart said
Nov 1, 2019
Excellent observations AB. Thanks for posting.
Sandi said
Nov 1, 2019
Thank you Admin for helping us to stay aware. Thank you Green for your comments also.❤️
Clara said
Nov 2, 2019
I very much agree with the idea of local groups of people banding together.
KEEP YOUR EYE ON THE BALL. IN THIS CASE DEUTSCHE BANK. THEY HAVE BEEN A POWER BANK FOR MANY YEARS AND YET THEY CONTINUE TO LOSE VALUE AND CUSTOMERS. IN FACT THIS WEEK THEY HAVE LOST 9% OF THEIR VALUE ALREADY. WHY IS THIS IMPORTANT? I HOPE YOU ARE ASKING YOURSELF THAT VERY QUESTION. DEUTSCHE BANK WAS A MAJOR OWNER OF DERIVATIVES, WHICH UNTIL RECENTLY, PROVIDE THEM WITH THE AURA OF STABILITY PHONY VALUE. THEY HAVE BEEN ABLE TO DIVEST THEMSELVES OF MOST OF THESE NOW VALUELESS FIAT BASED PROPERTIES (NOT PHYSICAL) AS THE FED AND MANY CENTRAL BANKS ASSUMED OWNERSHIP OF A SMALL PERCENTAGE EACH OF THE TOTAL AMOUNT HELD BY DEUTSCHE BANK. BUT IT IS TO LATE. THE FED HAS ANNOUNCED ANOTHER LOWERING OF THE RATE.
DID YOU KNOW THAT THE FEDERAL RESERVE IS PRINTING UP TO 100 BILLION IN NEW BILLS EACH DAY? DID YOU KNOW THAT MOST BANKS ARE VERY CASH POOR? IN MY CONVERSATIONS IT IS READILY APPARENT THAT DEUTSCHE BANK CANNOT AVOID FOLDING IN A VERY SHORT TIME. WHAT WILL FOLLOW WILL POSSIBLY BE A FINANCIAL CRISIS HEARD ROUND THE WORLD. THIS WILL CAUSE A PROFOUND EFFECT ON ALL CENTRAL BANKS WHICH, IN TURN, WILL TRICKLE DOWN TO ALL BANKS WORLDWIDE. YOU MUST BE PREPARED FOR THIS EVENT, WHICH SHOULD BRING ON THE GCR BY THE WAY AND AID IN THE PROCESS AID IN REMOVING THE DS PLAYERS WORLDWIDE.
IMHO THERE ARE HARD TIMES ON THE HORIZON AS WE COME TO, OR EVEN LEAN PRECARIOUSLY OVER THAT CLIFF. WE WILL SEE DIFFICULT FINANCIAL TIMES AS BUSINESSES COLLAPSE THROUGH LACK OF CAPITAL AND ARE REBORN OR REPLACED BY FORTUNATE PEOPLE LIKE YOU AND I. THE PROJECTS YOU HAVE PLANNED WILL BE VERY IMPORTANT BUILDING BLOCKS FOR ALL ECONOMIES OF THE WORLD.
HOW MANY WELL-TO-DO AND MIDDLE CLASS FAMILIES AND INDIVIDUALS TODAY WILL BE OUT OF WORK BECAUSE THE COMPANY THEY WORKED FOR ARE FORCED TO CUT COSTS OR SHUT DOWN? HOW MANY OF THESE FAMILIES HAVE NO CASH OR HARD ASSETS SAVED IN THE SOCK DRAWER TO PROTECT THEMSELVES AND THEIR FAMILIES AGAINST A TIME WHEN LOCAL BANKS CLOSE SHORT TERM OR PERMANENTLY?
THE UPCOMING GCR WILL BE A TIME FOR REJOICING FOR SURE BUT IT WILL ALSO CREATE PANIC AND HAND WRINGING SO BE PREPARED AS BEST AS YOU CAN. REMEMBER THIS AS WELL... YOU ARE BETTER SERVED WITH A GROUP OF LIKE MINDED PEOPLE SO BE PREPARED AND EDUCATE THOSE NEIGHBORS AND FRIENDS YOU TRUST. MANY OF YOU ARE MEMBERS OF CHURCH GROUPS AND OTHER GROUPS OF LIKE MINDED PEOPLE SUCH AS VFW, AMERICAN LEGION AND THEIR VARIOUS AUXILIARY GROUPS. THERE WILL BE MANY WAYS TO BENEFIT YOUR COMMUNITY.
ONE LAST THOUGHT...
WHAT EFFECT DOES THE PRINTING OF MORE WORTHLESS USD HAVE ON THE CURRENT VALUE OF THE USD? HAVE YOU NOTICED THE SLOW INCREASE IN THE COST OF EVERYTHING?
Blessings friend,
Yikes
Have just read the discussion for today, you may also have seen stuff in the news about HSBC cutting lots of jobs worldwide to 'reorganise'. All a bit scary, my concern is that if all these banks go out of biz or to the wall, where will we exchange ??
Good Grief
This should not meant to panic people.. but to inform and prepare people.
I have heard people in the know say you should be prepared for 3-4 weeks of food and water and what ever else runs your life, but I am more inclined to say 6 month to a year.
Charles Nenner stated that when the stocks hit 6.50 for Deutche bank they are in trouble and 7.00 you should be worried..
We are beyond that.
We should consider ourselves lucky that we have made this investment..
Many have not. and will panic..
I understand people wanting to help people, and I would make decisions about who that might be, right now.. Family and close friends.. but do it as anonymous as you can.. You only have to look around to see that there are many people who are true socialist, and feel that if you have something, they should have that something too. So they take it..
Much like a drowning person.. they will do what they have to to keep their head above water. IMHO
Thank you again for your opinion..
Yes, as more "worthless money" is printed, it is less valuable!!
Well Said! I concur!
Excellent observations AB. Thanks for posting.