great to read a well informed post well done --Germany Deutsche Bank debt of 47 Trillion Euros is old news and has been known since the Great Financial Crash of 2008/9. This debt is Bank derivative debt and part of the Casino section of Finance Capitalism.
The usual suspects are preparing to foist this debt on the working poor of Europe and thus the recent exposure.
Germany will take a hit , but its Industrial base is financed by small local Sparkasse Banks that have never failed. They comprise about 80% of Industrial Financing in Germany.
Germany has boasted of a budget surplus for many years. This surplus was lent out to others in the Euro area and caused Bank failures in Greece ,Ireland, Italy and Spain, when projects failed to produce returns to service the loans.
The German surplus has not been used to upgrade its infrastructure and create employment because of EU austerity policy and this is having an impact on Germany's economy.
One of Germanys main markets has been Russia for many years, sanctions have closed off this market, and Russia now has developed its own substitute hi-tech Industrial base,of turbines ,aircraft etc.
Competition from China along the New Silk Road hi-speed rail system to Europe is another factor. The wheel of History is turning and it is pointing East.
The correct course for Germany's economy is to embark on a large scale infrastructure build programme , but this is unlikely as the austerity ideology is embedded in the German psyche and we in Europe must suffer along.
The end game is approaching over the horizon and Germany and Brexit are but other cogs in the wheel of the next Great Economic Crash.
could you offer an insight into the giant mess which looks to me like financial terrorism carefully constructed---
-SOMEBODY HAD THE CLOUT TO PRESENT TRILLIONS OF GARBAGE DERIVITAVES AS REAL VALUE.
SOMEBODY HAD THE CLOUT TO MAKE THE GERMAN TRADERS VIEW THEM AS REAL VALUE .
SOMEBODY HAD THE CLOUT TO MAKE GERMANS WHO ARE NORMALLY SANE-- INSANE .
I wonder what group is capable of robbing the german people regardless of the cost to Germany -- regardless of the deaths -- regardless of the lost productive lives in university and elsewhere numbered in the millions .
FOLLOW THE MONEY --FOLLOW THE MONEY for every derivitave paid for there is a trail to follow -who now has the trillions .
I find it maddening to constantly see graphs of how hopeless the situation is but no jourlinast or paper has the wits to show the missing graph --if you dug a hole a mile deep with your shovel you should have a hill a mile high beside the hole --who the fk has the hill . bugs