Professor Ted Malloch revealed that senior Greek economists have enquired about the possibility of adopting the greenback if the country crashes out of the single currency.
He asserted that Athens is so desperate it is prepared to tie itself to the dollar on the same terms as the likes of Puerto Rico if it means being able to quit the eurozone.
And Prof Malloch said German leaders including Angela Merkel were “freaked out” at the humiliating possibility of losing Greece to a rival currency, which would be a devastating blow to the EU project.
Following yesterday’s openly confrontational, deliberately protectionist presidential address by president Trump, which in various circles has been dubbed the “American carnage” speech for obvious reasons, some of Obama’s closest foreign friends are scrambling to find a role in a world that has drastically changed in less than 24 hours. One of them is the foreign leader whom Obama spoke to last before vacating the White House, German Chancellor Angela Merkel, who vowed on Saturday to seek compromises on issues like trade and military spending with Trump, adding she would work on preserving the important relationship between Europe and the United States.
“He made his convictions clear in his inauguration speech,” Merkel said in remarks broadcast live, a day after Trump vowed to put ‘America first’.
In one case, a German father is being called a hero for rescuing his daughter from a Syrian refugee who had stalked her as she was walking home early Sunday morning from a disco.
The woman, 23, called her 57-year-old father to say “there’s a man following me home dad…”
He raced to the scene in a push scooter, only to find the man had punched his daughter almost unconscious, was on top of her and tearing off her clothes, the U.K.’s Express reported. He had dragged her from the side of the road into some underbrush.
(By Caleb Stephen) Monday’s terror attack in Berlin left 12 dead and another 48 injured after a truck with a Muslim terrorist behind the wheel ploughed into a crowd of people at a Christmas market. As at writing, the perpetrator remains at large after police captured the wrong person.
A series of violent attacks and sexual offences involving migrants has hardened the German public’s attitude.
On New Year’s Eve 2015 hundreds of sexual assaults, including at least 24 rapes, and numerous thefts were reported in Germany, mainly in Cologne city centre. Similar incidents were reported in Hamburg, Frankfurt, Dortmund, Düsseldorf, Stuttgart, and Bielefeld.
On July 18 a 17-year-old Afghan refugee wielding an axe and a knife attacks passengers on a train in southern Germany, severely wounding four, before being shot dead by police. Islamic State claimed responsibility for the attack.
Four days later an 18-year-old German-Iranian gunman apparently acting alone killed nine people in Munich. The teenager had no Islamist ties but was obsessed with mass killings.
The attack was carried out on the fifth anniversary of twin attacks by Norwegian mass murderer Anders Breivik that killed 77 people.
On July 24 a 21-year-old Syrian refugee was arrested after killing a pregnant woman and wounding two people with a machete in the southwestern German city of Reutlingen, near Stuttgart.
That same day a Syrian man wounded 15 people when he blew himself up outside a music festival in Ansbach in southern Germany. Islamic State claims responsibility for the attack.
We’ve seen examples of Merkel’s failures over and over again in recent headlines and it’s more than nauseating. It’s repugnant and it’s deplorable.
Needless to say, Germans are starting to get very fed up with Merkel. The UK Sun has reported the chancellor is facing widespread backlash over the terrorist attack. This is certainly not the news Merkel wants to hear especially given that fact that she’s been very busy campaigning in recent days for a 4th term as chancellor in the 2017 general election.
Let’s not forget that earlier this year she claimed refugees did not bring terrorism to Germany. Clearly she’s in a state of denial refusing to accept Islamic refugees as being the root cause of unprecedented terrorism and the alarming rape/assault epidemic.
What she’s done is identical to letting a fox into a chicken coop and then expecting that nothing adverse will happen.
How many trucks need to plough through crowds of people before Germany reverses the ridiculous open doors policy? How many more girls need to be raped before Germany’s leadership wakes up? Banning trucks and putting up barriers around every public space or building is certainly not a solution that is either realistic or feasible. Handing out rape whistles, “Don’t Touch Me” bracelets and posters showing how not to inappropriately touch females are not the solutions either.
What then is the solution? Stop importing terrorists! Not cutting the numbers from 1.5 million to 300,000. That’s 300,000 too many.
Germany has the largest Muslim population in Europe. I don’t think that’s a mere coincidence.
But no Germany doesn’t seem to take the problem very seriously. Instead they’ve been busy brainwashing their people to accept multiculturalism (also know as the promotion of the Islamic ideology) through video clips broadcasted on national TV such as these…
The mainstream media has also been complicit in the cover up of the colossal migrant problem. To criticise refugees and Islam as an ideology is both “islamaphobic,” “intolerant” and “racist” in their eyes. Notice that we’re not criticising their race and skin colour, yet somehow we seem to be called “racists” every single time.
Never mind the fact that Islam has been responsible for nearly 30,000 terror incidents since 9/11. Never mind the fact that Islam just stamped their seal on the latest terror attack. Never mind the fact that Islam’s prophet Muhammad taught that throwing gays off buildings, raping little girls, mutilating female genitals and beheading anyone who does not agree with their violent ideology is 100% acceptable.
Never mind the fact that even the so-called moderates have expressed overwhelming support for “radical” Islam.
Never mind the fact that the “tiny radical Muslim minority” is just a mere myth.
When will we ever learn that this is not about radical Islam or extreme Islam, it’s just Islam, period!?
This is the truth the prostrating mainstream media doesn’t want you to see. Don’t believe me? Read the Koran and you’ll find such gems as this…
Fight in the way of Allah those who fight you but do not transgress. Indeed. Allah does not like transgressors.
And kill them wherever you overtake them and expel them from wherever they have expelled you, and fitnah is worse than killing. And do not fight them at al-Masjid al- Haram until they fight you there. But if they fight you, then kill them. Such is the recompense of the disbelievers.
And if they cease, then indeed, Allah is Forgiving and Merciful.
Fight them until there is no [more] fitnah and [until] worship is [acknowledged to be] for Allah . But if they cease, then there is to be no aggression except against the oppressors.
Not long after Monday’s attack happened, major corporate controlled media agencies such as CNN, BBC and New York Times were blaming – get this – the TRUCK for killing 12 people and wounding 48. They also seemed very reticent to acknowledge that this was a terrorist attack, instead preferring to call it a ‘truck crash’ misleading countless people around the globe.
I also suppose the simple fact that ISIS and Al Qaeda have been plotting attacks exactly like Monday’s for a very long time completely escaped their minds. Let’s not forget that just last month, the UK Mirror warned of terrorists “planning a wave of Christmas attacks throughout Europe, targeting shopping areas and crowded market-places to maximise casualties”.
A security source informed the Mirror:
“Whilst UK agencies have been extremely good at preventative intelligence operations against jihadist groups, other European equivalents have been less successful, sadly.
“This means the entire continent is vulnerable to attack as we have seen in France, Germany and Belgium but particularly in the run-up to Christmas.
“It is a Christian period of festivities, bring together large crowds of soft target civilians and will attract attention from those who wish to inflict harm.”
Another co-incidence? I think not.
Let’s also not forget that ISIS has exploited the refugee crisis to infiltrate Europe. The UK Express reported in April this year: “ISLAMIC State (ISIS) terrorists ARE taking advantage of shambolic border checks by posing as migrants to infiltrate Europe, the EU’s own border agency has sensationally admitted tonight.”
ISIS also called such exploitation “stealth jihad”. In November, a Syrian operative claimed more than 4,000 covert ISIS gunmen had been smuggled into western nations – hidden amongst innocent refugees.
The ISIS smuggler, who is in his thirties and is described as having a trimmed jet-black beard, revealed the ongoing clandestine operation is a complete success.
“Just wait,” he smiled.
I can tell you those are chilling words – especially in light of Monday’s terror attack.
Author Robert Spencer recognised this stealthy tactic when he wrote in Front Page Magazine in September this year, “This is no longer just a ‘refugee crisis.’ This is a hijrah.”
Hijrah is the Islamic doctrine of migration, which is a form of stealth jihad.
“To emigrate in the cause of Allah – that is, to move to a new land in order to bring Islam there, is considered in Islam to be a highly meritorious act,” Spencer wrote. He cited the following Quranic text:
And whoever emigrates for the cause of Allah will find on the earth many locations and abundance,” says the Quran. “And whoever leaves his home as an emigrant to Allah and His Messenger and then death overtakes him, his reward has already become incumbent upon Allah. And Allah is ever Forgiving and Merciful
CNN also took the opportunity to blame conservatives for the attack as they were more concerned about “right-wingers” being proven right than Islamic bloodshed.
Austria is following suit with police to distribute 6,000 rape whistles on New Year’s Eve to “help prevent incidents like the mass sex assaults in neighbouring Germany”
The bottom line is that Germany and other European countries will continue to face the threat of heightened terror, rape and violence perpetrated by the refugees until they stop denying the problem and actually start doing something about it instead of continuously virtue signalling. Until the platitudes and candle light vigils end, bloodshed and war on European streets will continue.
It’s time to admit that Islam is a violent hateful religion which has no place in any Western democracy. It’s time to admit that we “right wingers” turned out to be totally correct after all.
Germany’s far-right has blamed Angela Merkel’s immigration policy for the Berlin Christmas attacks as the chancellor insisted terrorists will not destroy ‘freedom’ in the country.
Mrs Merkel has laid white roses at the scene where 12 died after she said she was ‘shocked and shaken’ by the deadly attack in Berlin last night and admitted it would be ‘particularly sickening’ if the terrorist was an asylum-seeker.
A truck slammed into a Christmas market in central Berlin on Monday night, killing at least nine people and injuring many others in what police said was a deliberate attack.
The incident took place at an outdoor market near Berlin’s Kaiser Wilhelm Memorial Church. A suspect, believed to be the driver, was arrested at the scene and a passenger was found dead in the passenger seat, according to the Associated Press and German media.
The scene was laced with chaos. Dozens of ambulances lined up in front of the church and police are letting just a few media through to the scene at a time.
(By Whitney Webb of Trueactivist.com) As the controversy surrounding “fake news” continues unabated in the US, Germany’s government has now gotten involved battling. On Sunday, Germany’s Justice Minister Heiko Maas – a member of German Chancellor Angela Merkel’s coalition – demanded that Facebook respect Germany’s strict anti-defamation laws, adding that free speech does not apply to “slander.” “Defamation and malicious gossip are not covered under freedom of speech. Justice authorities must prosecute that, even on the internet,” Maas said in an interview cited by Reuters. Maas also noted that offenders could face up to five years in jail under German law. “Anyone who tries to manipulate the political discussion with lies needs to be aware [of the consequences].”
The policy is remarkably similar to one already in place in Israel, where Israeli authorities have arrested, imprisoned, and fined over 400 Palestinians and other Arabs for “inciting violence” on social media. Before “fake news” became a topic of national discourse, Israel had partnered with Facebook to censor such posts and accounts for “incitement.” However, the actual consequence has been the banning of accounts belonging to Palestinian journalists, news agencies, and peaceful activists.
Authors “fake news” and “malicious gossip” on social media are not the only ones in the cross-hairs of German officials as Facebook itself is set to suffer legal and financial consequences if it fails to meet new German standards. Last Friday, Chairman of Germany’s Social Democratic Party Thomas Oppermann told Der Spiegel in an interview that “if, after appropriate examination, Facebook does not delete the offending message within 24 hours, it should expect individual fines of up to 500,000 euros ($523,320).”
Maas and Opperman’s announcements followed last week’s launching of several initiatives to flag and eliminate “fake news” from the newsfeeds of Facebook users. As True Activist previously reported, Facebook will rely on the “fact-checking” of the George Soros and Bill Gates-funded Poynter Institute as well as 5 media organizations (Snopes, Politifact, FactCheck.org, ABC News, and the Associated Press) to vet “disputed” content.
Of course, the supposed epidemic of “fake news” is clearly an attempt to scapegoat Hillary Clinton’s electoral defeat on something other than herself as Facebook CEO Mark Zuckerberg said the following about “fake news” on the social media network:
“Of all the content on Facebook, more than 99 percent of what people see is authentic. Only a very small amount is fake news and hoaxes. The hoaxes that do exist are not limited to one partisan view, or even to politics. Overall, this makes it extremely unlikely hoaxes changed the outcome of this election in one direction or the other.”
Clearly, the frenzy to censor and eliminate “fake news” is not about eliminating the “very small amount” of actual fake news, it is about censoring anti-establishment viewpoints from both left and right wing sources. Many stories that do not follow the narrative of the neo-liberal establishment are often treated as “conspiracy theory,” “fake news,” or “Russian propaganda” while those that follow the narrative are free from such attacks, even when such stories themselves are proven to falsified or dishonest. If Germany manages to enact these measures officially and punish publishers of independent news for spreading “fake news and malicious gossip,” it will only be a matter of time before the US and others follow suit.
The biggest and most important bank in the biggest and most important country in Europe continues to implode right in front of our eyes. If you follow my work regularly, you probably already know that I issued a major alarm about Deutsche Bank last September. Subsequently, Deutsche Bank stock hit an all-time low. Then I sounded the alarm about Deutsche Bank again back in May, and once again that was followed by another all-time low for Deutsche Bank. And then I warned about Deutsche Bank again in early June, and you can probably imagine what happened after that. Over the past year, this German banking giant has literally been coming apart at the seams, and in so many ways it is paralleling exactly what happened to Lehman Brothers back in 2008.
Today, we got some more bad news from Deutsche Bank. Compared to the exact same period last year, profits were down 98 percent. A nearly 100 percent drop in net income spooked a lot of investors, and Deutsche Bank shares got hit hard on Wednesday. Of course Deutsche Bank shares are already down by more than half over the past 12 months, and the financial sharks can smell blood in the water.
Just like Lehman Brothers in 2008, Deutsche Bank is essentially in panic mode at this point. They recently announced that they will be closing 188 branches and that 3,000 workers will be losing their jobs. But this could just be the beginning of the layoffs at the bank. According to some reports, the bank could cut up to 35,000 jobs by the year 2020, and CEO John Cryan recently admitted that they “may have to accelerate cost-cutting measures“.
What makes all of this even more alarming is that Deutsche Bank is widely considered to be “the most dangerous bank” on the entire planet. The following comes from a CNN article posted just today entitled “The world’s riskiest bank is in trouble“…
What is going on with Deutsche Bank?
Germany’s biggest lender was dubbed the world’s riskiest bank by the International Monetary Fund last month, just as one of its U.S. businesses failed a Federal Reserve stress test.
Its shares are down 45% this year, and on Wednesday it said second quarter profits were wiped out by a 98% slump in earnings. The stock fell 2.5% in Frankfurt.
The primary reason why Deutsche Bank is “the world’s riskiest bank” is because of the mammoth derivatives portfolio that is possesses. It currently has 42 trillion euros of exposure to derivatives, which is an amount of money about 13 times the size of the entire German economy.
When Deutsche Bank finally goes down for good, it is going to be “the shot heard around the financial world”, and it will be a disaster many times greater than the collapse of Lehman Brothers in 2008. Just consider what Jeff Gundlach had to say about the bank earlier this year…
“Banks are dying and policymakers don’t know what to do,” Gundlach said. “Watch Deutsche Bank shares go to single digits and people will start to panic… you’ll see someone say, ‘Someone is going to have to do something.'”
As I write this, shares of Deutsche Bank are sitting at just $13.63, and many experts are having a very difficult time finding any reason for optimism. In fact, Edward Misrahi has stated that the bank is his number one short trade, and Jim Collins says that “it is just impossible” to recommend buying shares of Deutsche Bank even at this depressed level…
As an equity analyst, it is just impossible to recommend shares of a bank that is not growing revenue. So really, Deutsche is an untouchable, and the stock market is trying — to the tune of a 58% decline in DB’s market value in 12 months — to recalibrate Deutsche’s market capitalization to the true value of its assets net of liabilities. That’s a painful journey.
I don’t mean to just pick on Deutsche Bank. Certainly there are a lot of other major banks around the globe that are also teetering on the brink right now. Just take a look at Italy. Basically their entire banking system is in the process of melting down.
But the utter collapse of Italy’s banking system won’t have the same kind of worldwide impact that the collapse of Deutsche Bank will.
Unlike some of his predecessors, CEO John Cryan is being honest about some of the struggles that Deutsche Bank is going through right now, and he admits that they may need to be “more ambitious in our restructuring”. The following comes from Business Insider…
Cryan said in a statement (emphasis ours):
“We have continued to de-risk our balance sheet, to invest in our processes and to modernize our infrastructure. However, if the current weak economic environment persists, we will need to be yet more ambitious in the timing and intensity of our restructuring.”
“Here I would like to speak plainly. If this weak economic environment persists, we will need to be still more ambitious in our restructuring. We will do everything in our power to accelerate the measures we have already planned.”
Yes, I know that the stock market in the United States has been setting all sorts of all-time record highs lately.
But that doesn’t change what is going on in the rest of the world one bit.
The financial crisis that has been gripping Europe, Asia, South America and most of the rest of the planet since the second half of last year is accelerating.
And it is inevitable that the U.S. is going to be experiencing some very real pain in the not too distant future as well.
So even though things may seem a bit quiet this summer in the financial world, the truth is that there is a whole lot going on under the surface.
Deutsche Bank is one glaringly obvious example of this, but there are many others all over the globe. And not too long from now, the dominoes will begin to fall very rapidly.
*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog and End Of The American Dream. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*
If you have been waiting for “the next Lehman Brothers moment” which will cause the global financial system to descend into a state of mass panic, you might want to keep a close eye on German banking giant Deutsche Bank. It is approximately three times larger than Lehman Brothers was, and if the most important bank in the strongest economy in Europe were to implode, it would instantly send shockwaves rippling across the entire planet. Those that follow my work regularly know that I started sounding the alarm about Deutsche Bank beginning last September. Since that time, the bad news from Deutsche Bank has not stopped pouring in. They announced a loss of 6.8 billion euros for 2015, and they have been plagued by scandal after scandal. In recent months they have gotten into trouble for trying to rig precious metal prices, for committing “equity trading fraud” and for their dealings in mortgage-backed securities. The following comes from Zero Hedge…
A month after admitting to rigging precious metals markets, Deutsche Bank has been hit with a double-whammy of more alleged fraudulent behavior today and the stock is sliding. First, Reuters reports that the bank took a charge of 450 million euros for “equity trading fraud,” and then Bloomberg reports that The SEC is looking into Deutsche’s post-crisis mortgage positions.
This is a bank that is steadily bleeding money, and so the last thing that it needs is for government agencies to be putting immense pressure on it. Unfortunately for Deutsche Bank, the SEC seems determined to kick it while it is down…
Troubled Wall Street giant Deutsche Bank is under another investigation, this time by the Securities and Exchange Commission regarding the pricing and reporting of certain mortgage-backed securities.
The SEC wants to know whether the Frankfurt, Germany-based bank artificially raised the value of mortgage-backed securities in 2013 and later hid those losses for an extended period of time, Bloomberg first reported, citing people familiar with the matter.
But even if there were no scandals and no government investigations, the truth is that Deutsche Bank would be a deeply troubled bank anyway.
At one point, it was estimated that Deutsche Bank had 64 trillion dollars worth of exposure to derivatives contracts. That is an amount of money that is approximately 16 times the size of the GDP of the entire nation of Germany.
So nobody wants to see Deutsche Bank fail. It would be a financial disaster unlike anything the world has ever experienced before.
But right now things are not looking good. As you can see from this chart, the steady decline of Deutsche Bank’s stock price is eerily similar to what happened to Lehman Brothers during the months leading up to the time when it finally completely collapsed…
Earlier this year, Deutsche Bank’s stock price set a new record low, and since that time it has been hovering just above that record low.
Clearly it is no secret that Deutsche Bank is having big problems, and the outlook for the immediate future is not good. I included the following quote from Berenberg analyst James Chappell in a previous article, but I think that it bears repeating…
Too many problems still: The biggest problem is that DBK has too much leverage. On our measures, we believe DBK is still over 40x levered. DBK can either reduce assets or increase capital to rectify this. On the first path, the markets do not exist in the size nor pricing to enable it to follow this route. Going down the second path also seems impossible at the moment, as the profitability of the core business is under pressure. Seeking outside capital is also likely to be difficult as management would likely find it hard to offer any type of return on new capital invested.
In the end, I believe that Deutsche Bank will ultimately implode, but it won’t be the only one.
Meanwhile, we just got some more very disturbing news out of Asia. According to Bloomberg, Japanese exports have now fallen for seven months in a row…
Japan’s exports fell for a seventh consecutive month in April as the yen strengthened, underscoring the growing challenges to Prime Minister Shinzo Abe’s efforts to revive economic growth.
Overseas shipments declined 10.1 percent in April from a year earlier, the Ministry of Finance said on Monday. The median estimate of economists surveyed by Bloomberg was for a 9.9 percent drop. Imports fell 23.3 percent, leaving a trade surplus of 823.5 billion yen ($7.5 billion), the highest since March 2010.
When your imports are 23 percent lower than they were a year earlier, that is a clear sign that consumer demand is way, way down and that your economy is in the process of imploding.
So I will repeat what I have said a number of times before…
Watch Germany and watch Japan.
I believe that they are going to be two of the biggest stories as this new global financial crisis begins to play out.
*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*
An epidemic of rape is sweeping all across Europe, and yet European politicians seem almost completely unwilling to stand up and do something about it. In some major European cities, women are absolutely petrified to go out by themselves – especially at night. Things have gotten so bad that some people are now making up entirely new words to describe what is going on. Steve Quayle has labeled this crisis “rapeageddon“, and I think that fits. Things are particularly bad in Germany, which has welcomed more refugees than any other European country in recent years. If you can believe it, Germany opened the doors for 1.1 million “asylum seekers” last year. That is an astounding number, and it is starting to have dramatic consequences for German society.
Just consider what happened in the city of Cologne on New Year’s Eve. According to police, there were nearly 400 reports of groping, sexual assault, theft and rape. The following comes from a column written by Cal Thomas…
In the city of Cologne, what is being described as an “Arab sex mob” of as many as 1,000 men surrounded groups of women on New Year’s Eve. The men, who were identified as being of Arab or North African appearance, fondled and sexually harassed the women. One city councilor, Judith Wolter, said Cologne’s town center has recently become a “no-go” area for women because of a rise in crime in the area. The city accepted more than 10,000 predominantly Muslim refugees last year. More than 30 women lodged complaints of similar New Year’s assaults in Hamburg and Stuttgart.
The German media have been accused of covering-up this and other incidents and Chancellor Angela Merkel has been revealed as the ultimate wishful thinker for refusing to do anything until recently to stem the flow of migrants from Islamic countries.
Actually things were even worse than Thomas reported in his article. According to the authorities, there were 133 crimes against women in the city of Hamburg on New Year’s Eve…
Police in the northern German city of Hamburg said Sunday they have recorded 133 cases of offences including sexual assaults allegedly committed against women during New Year’s celebrations.
Investigators have not identified any suspects for the assaults that allegedly took place at the port city’s party avenue Reeperbahn.
But victims have described the perpetrators as having “African, Arab, or south European appearance”, a police spokesman told AFP.
Needless to say, a lot of Germans are completely and totally fed up at this point. Many Germans are now referring to these immigrants as “rapeugees”, and some Germans are even calling for Angela Merkel to resign.
The frightening thing is that some of these “refugees” actually do have allegiance to the Islamic State. Here is just one example that was recently in the news…
Over the weekend, some 1,700 people showed up for a PEGIDA rally where demonstrators held up signs carrying slogans such as “Rapeugees not welcome.” Some speakers at the event called for Merkel’s ouster.
Now, we learn that the man who last Thursday ran into a police station in northern Paris shouting “Allahu Akbar” and waving a meat cleaver spent time in a house for asylum seekers in Germany. That residence was raided on Saturday when German police, acting on a tip from French intelligence, stormed the building and found SIM cards, “documents” in Arabic, kitchen knives, and a banner reading “Islamic State forever” hanging in the kitchen.
And it isn’t just Germany that is experiencing an epidemic of immigrant violence.
In Sweden, violence against women has spiraled totally out of control. But the Swedish media has been caught covering it up because they didn’t want to make Muslim immigrants look bad. In recent days, the cover up of this violence against women has erupted into a huge scandal over there…
Nyheter Idag is now able to disclose in detail how major Swedish newspaper Dagens Nyheter deliberately covered up stories about widespread sexual abuse in central Stockholm in connection with a concert in the Kungsträdgården public square this August.
On Saturday August 15th, the nationally acclaimed and outspoken feminist artist Zara Larsson headlined the youth festival ‘We Are Sthlm” with a crowded concert in Kungsträdgården in central Stockholm. Thousands of young people were in attendance to take part in the event during the last summer nights of the year.
But for an unknown number of young girls the festival soon became a nightmare. Hordes of young men pressed against young girls, fondled and tried to cop a feel over and under skirts, pants and shirts. There were severe sexual assaults happening right in front of the stage, where artists such as Larsson and rapper OIAM performed.
In Sweden, this is something that has been building for years. Once upon a time, it was one of the most crime-free nations in the world, but now that has totally changed. According to Infowars, the number of rapes in that nation has risen by an astounding 1,472 percent since the mid-1970s…
Rapes in Sweden have skyrocketed by a shocking 1,472% since the mid-70’s, with 6,620 sexual assaults being reported to police in 2014 compared to just 421 in 1975.
“77.6 percent of the country’s rapists are identified as “foreigners” (and that’s significant because in Sweden, “foreigner” is generally synonymous with “immigrant from Muslim country”), writes Selwyn Duke. “And even this likely understates the issue, since the Swedish government — in an effort to obscure the problem — records second-generation Muslim perpetrators simply as “Swedes.”
Other European nations are dealing with similar problems. Just check out these numbers…
In Norway, recent statistics revealed that 100 percent of violent street-rapes committed in the capital city of Oslo were committed by “non-western” immigrants. It’s a similar story in Denmark, where the majority of rapes are committed by immigrants, usually Muslim.
In England, it’s been rape after rape – tens of thousands of young British girls are brutalized, tortured, beaten and raped by organized gangs comprised almost exclusively of Muslims.
As the United States and Canada import thousands of these “refugees”, it is only a matter of time before similar things start happening here.
In fact, there was quite a chilling incident that happened in Calgary just the other day. 31-year-old Mohamed Elmi and 29-year-old Mohamed Salad have been charged with attempted murder for firing shots into a very busy Calgary nightclub…
Two bouncers who tackled a gunman holding a cocked pistol after shots were fired into a busy Calgary nightclub early Sunday morning are being credited by police and witnesses with risking their own lives to prevent further trauma.
While a 38-year-old man in the club was struck by a bullet and taken to hospital in stable condition with serious soft-tissue injury to his upper torso, officials believe many more patrons could have been hurt if it weren’t for the quick-thinking doormen.
So why didn’t we hear about this attack by two Islamic gunmen on the news?
Could it be possible that just like the European media, the mainstream media in Canada does not want to make Islamic immigrants look bad?
It has gotten to the point where the extreme political correctness that exists in our society is actually endangering our safety.
We need to see the world the way that it really is, and not the way that we wish that it would be.
There is a price to be paid for importing vast numbers of violent Islamic immigrants that do not have any respect for us or for our way of life.
This is something that Germany and Sweden have already discovered, and if we are not very careful our women will soon be paying the price as well.
Is something about to happen in Germany that will shake the entire world? According to disturbing new intel that I have received, a major financial event in Germany could be imminent. Now when I say imminent, I do not mean to suggest that it will happen tomorrow. But I do believe that we have entered a season of time when another “Lehman Brothers moment” may occur. Most observers tend to regard Germany as the strong hub that is holding the rest of Europe together economically, but the truth is that serious trouble is brewing under the surface. As I write this, the German DAX stock index is down close to 20 percent from the all-time high that was set back in April, and there are lots of signs of turmoil at Germany’s largest bank. There are very few banks in the world that are more prestigious or more influential than Deutsche Bank, and it has been making headlines for all of the wrong reasons recently.
Just like we saw with Lehman Brothers, banks that are “too big to fail” don’t suddenly collapse overnight. The truth is that there are always warning signs in advance if you look closely enough.
In early 2014, shares of Deutsche Bank were trading above 50 dollars a share. Since that time, they have fallen by more than 40 percent, and they are now trading below 29 dollars a share.
It is common knowledge that the corporate culture at Deutsche Bank is deeply corrupt, and the bank has been exceedingly reckless in recent years.
If you are exceedingly reckless and you win all the time, that is okay. Unfortunately for Deutsche Bank, they have increasingly been on the losing end of things.
Prior to the “sudden collapse” of Lehman Brothers on September 15th, 2008, there had been media reports of mass layoffs at the firm. To give you just a couple of examples, CNBC reported on this on March 10th, 2008 and the New York Times reported on this on August 28th, 2008.
When big banks start getting into serious trouble, this is what they do. They start getting rid of staff. That is why the massive job cuts that Deutsche Bank just announced are so troubling…
Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday.
That would bring the group’s workforce down to around 75,000 full-time positions under a reorganization being finalised by new Chief Executive John Cryan, who took control of Germany’s biggest bank in July with the promise to cut costs.
Cryan presented preliminary details of the plan to members of the supervisory board at the weekend. A spokesman for the bank declined comment.
Deutsche Bank has also been facing mounting legal troubles. The following is a brief excerpt from a recent Zero Hedge article…
The bank, which has paid out more than $9 billion over the past three years alone to settle legacy litigation, has become something of a poster child for corrupt corporate culture.
In April, Deutsche settled rate rigging charges with the DoJ for $2.5 billion (or about $25,474 per employee) and subsequently paid $55 million to the SEC (an agency that’s been run by former Deutsche Bank employees and their close associates for years) in connection with allegations it deliberately mismarked its crisis-era LSS book to the tune of at least $5 billion.
But it was out of the frying pan and into the fire so to speak, because early last month, the DoJ announced it would seek to extract a fresh round of MBS-related settlements from banks that knowingly packaged and sold shoddy CDOs in the lead up to the crisis. JP Morgan, Bank of America, and Citi settled MBS probes when the DoJ was operating under the incomparable (and we mean that in a derisive way) Eric Holder but now, emboldened by her pyrrhic victory over Wall Street’s FX manipulators, new Attorney General Loretta Lynch is set to go after Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings PLC, Royal Bank of Scotland Group PLC,UBS AG and Wells Fargo & Co.
Of course the legal troubles are just the tip of the iceberg of what has been going on over at Deutsche Bank over the past couple of years. The following is a pretty good timeline of some of the major events that have hit Deutsche Bank since the beginning of last year. It comes from a NotQuant article that was published back in June entitled “Is Deutsche Bank the next Lehman?“…
In April of 2014, Deutsche Bank was forced to raise an additional 1.5 Billion of Tier 1 capital to support its capital structure. Why?
1 month later in May of 2014, the scramble for liquidity continued as DB announced the selling of 8 billion euros worth of stock – at up to a 30% discount.Why again? It was a move which raised eyebrows across the financial media. The calm outward image of Deutsche Bank did not seem to reflect their rushed efforts to raise liquidity. Something was decidedly rotten behind the curtain.
Fast forwarding to March of this year: Deutsche Bank fails the banking industry’s “stress tests” and is given a stern warning to shore up it’s capital structure.
In April, Deutsche Bank confirms its agreement to a joint settlement with the US and UK regarding the manipulation of LIBOR. The bank is saddled with a massive $2.1 billion payment to the DOJ. (Still, a small fraction of their winnings from the crime).
In May, one of Deutsche Bank’s CEOs, Anshu Jain is given an enormous amount of new authority by the board of directors. We guess that this is a “crisis move”. In times of crisis the power of the executive is often increased.
June 5: Greece misses its payment to the IMF. The risk of default across all of its debt is now considered acute. This has massive implications for Deutsche Bank.
June 6/7: (A Saturday/Sunday, and immediately following Greece’s missed payment to the IMF) Deutsche Bank’s two CEO’s announce their surprise departure from the company. (Just one month after Jain is given his new expanded powers). Anshu Jain will step down first at the end of June. Jürgen Fitschen will step down next May.
June 9: S&P lowers the rating of Deutsche Bank to BBB+ Just three notches above “junk”. (Incidentally, BBB+ is even lower than Lehman’s downgrade – which preceded its collapse by just 3 months)
Are you starting to get the picture? These are not signs of a healthy bank.
What makes things even worse is how recklessly Deutsche Bank has been behaving. At one point, it was estimated that Deutsche Bank had a staggering 75 trillion dollars worth of exposure to derivatives. Keep in mind that German GDP for an entire year is only about 4 trillion dollars. So when Deutsche Bank finally collapses, there won’t be enough money in Europe (or anywhere else for that matter) to clean up the mess. This is a perfect example of why I am constantly hammering on the danger of these “weapons of financial mass destruction”.
If Deutsche Bank were to totally collapse, it would be a financial disaster far worse than Lehman Brothers. It would literally take down the entire European financial system and cause global financial panic on a scale that none of us have ever seen before.
On a personal note, I apologize for not posting anything last week. I traveled to two very important conferences and was living out of a suitcase for about eight days.
There has been a bit of a lull in the action over the past couple of weeks, but I expect that to end very shortly. I believe that the rest of 2015 is going to be incredibly chaotic, and we are going to see some things happen that most people could not even conceive of right now.
In the days that are directly ahead, I encourage people to keep a close eye on both Germany and Japan.
Big things are about to happen, and millions are about to be totally shaken out of their complacency.