The End of Cash

[Organ Morgan.]

Hot off the presses. Something big is in the wind, boys. Prepare accordingly.

Thursday 29 September 2016 6:34pm

Deutsche Bank US share price plunges after reports suggest funds have lost faith in the lender - http://www.cityam.com/250415/deutsch...eports-suggest

[Dr Lecter]

Hot off the presses. Something big is in the wind, boys. Prepare accordingly.

Thursday 29 September 2016 6:34pm

Deutsche Bank US share price plunges after reports suggest funds have lost faith in the lender - http://www.cityam.com/250415/deutsch...eports-suggest

Wow. It truly is the end of the world.

The Vietnam war.
JFK.
Falklands.
9/11.
Iraq.
Splott Dai getting shot in the arse.

Some German banks share price falling is right up there.

Women and children first.

[Organ Morgan.]

None of the events you mentioned caused panic in any UK streets.

Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.

[Dr Lecter]

None of the events you mentioned caused panic in any UK streets.

Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.

Just checked out the window. All is quiet in my street.

Let me know when the looting starts.

My missus wants a new iPod.

[Feedback]

None of the events you mentioned caused panic in any UK streets.

Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.

so we lose a pizza franchise, big deal

[Organ Morgan.]

The greatest risk is that somewhere in the future hyperinflation occurs. If it is bad enough cash could mirror its intrinsic value, which is precisely nothing because fiat money is backed by nothing except faith. Once confidence goes then even in the Satellite City valleys communities they will know all about it.

[Wales-Bales]

Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.

Deutsche Bank fall drags down US stocks

http://www.bbc.co.uk/news/business-37508394


Commerzbank plans to cut 9,600 jobs

http://www.bbc.co.uk/news/business-37505900

[Organ Morgan.]

Their share price fell below 10 euros this morning for the first time. Their CEO has jawboned it up to 10.15 during the past hour.

[Mrs Steve R]

Hot off the presses. Something big is in the wind, boys. Prepare accordingly.

Thursday 29 September 2016 6:34pm

Deutsche Bank US share price plunges after reports suggest funds have lost faith in the lender - http://www.cityam.com/250415/deutsch...eports-suggest

You heard much about this? I've only heard bad stuff, I don't really know enough about it to know if it's a bad thing or not.

I hope ICANN doesn't turn in to ICAN'T

US Relinquishes Control of Internet Naming System Oct. 1
http://uk.pcmag.com/internet-product...g-system-oct-1

[Organ Morgan.]

There's something else booked for October 1st - the re-weighting of the SDR (special drawing rights). It's reckoned by those familiar with the dealings that the Chinese renminbi and gold will become part of the basket of currencies. Gold has been bought hand over fist by the Chinese government for years.