Bitcoin Forum

Hi,

lots of bad news about deutsche bank, any bankrupcy will send BTC to the moon.

Will post sources later... what do you think about it.

Sources are talking about trillions of debt.

There's debt EVERYWHERE!

BITCOIN TO THE MOON

Be careful what you wish for.
Last time a major bank failed it spread around the world, next time it could be worse.

yes . I read about it in the previous days however how will this affect bitcoin exactly ? (economy newbie)
for those who are interested on reading https://www.db.com/ir/en/content/ir_releases_2015_5066.htm and forbes article http://www.forbes.com/sites/francescoppola/2015/10/30/deutsche-bank-the-bank-without-a-mission/

If there was a worldwide crash & economic crisis we would all be rich by owning bitcoin.

Bring it on I say.

Would we? How had BTC performed on the last economic crisis? Oh yeah Bitcoin wasn't around back than, so you have no fucking idea..
Good luck feeding your family with your bitcoins, when you have lost your jobs and homes.

Here is the advice of Jim Willie the legend , aka the golden jack-ass

https://www.youtube.com/watch?v=OvnW-daLwWc

This guy predicted:

COMPLETED FORECASTS (and dates first made):
--- last updated 25 March 2014
1. 2007 the Demise of Fannie Mae and Lehman Brothers

2. 2005 & 2006 the Housing Market Bust

3. 2005 & 2006 the Mortgage Market Bust

3b. 2005 the advent of Reverse Mortgages for US Homeowner income

4. 2006 the Insolvent US Banking System, from Mortgage & Economic Bust

5. 2007 China from Trade Partner to Adversary to Trade War Opponent

6. 2010 the Dubai Credit Bust

7. autumn 2010 the Southern Europe Sovereign Debt Bust

8. late 2008 the USFed Move Down to Zero Percent, after Systemic Busts

9. mid-2009 the Dismissal of Green Shoots in USEconomic Recovery

10. 2009 the Zero Rate Policy Forever (ZIRP Forever, no Exit Strategy)

11. early 2009, the Sharp USTreasury Yield Rise due to $1 Trillion USGovt Debt (XXX -- WRONG)

12. 2009 the Repeated USGovt Deficits Chronically over $1 Trillion

13. 2009 the Introduction of the Nordic Euro Currency as German Core Splits (XXX??? -- APPARENTLY WRONG, MAYBE JUST SLOW TO OCCUR)

14. 2009 the USFed Bond Monetization Launch, aka Quantitative Easing

15. 2011 the Bond Monetization ad Infinitum, aka QE to Infinity

16. March 2011 the Japanese Yen Currency Rise to 125 After Earthquake & Fukushima Event

17. 2012 the Rising Global Cost Structure & Capital Destruction from QE

18. 2011 the Divergence Between COMEX versus Physical Gold Price

19. 2011 the Irrelevance of Group of 8 (G-8) and Ascendance of G-20 Nations

20. May 2012 the Rally in USTreasurys after London Whale Exposure by JPMorguen

21. 2011 the murder of Mid-level Bankers (not VPs, but know too much)

22 .2012 the USGovt Confiscation of Pension Funds (in steps)

23. 2007 the Mexican Failed State (from PEMEX decline, drug cartel rise)


==========
FORECASTS IN PROGRESS, STILL PENDING:
A. 2012 the Fall of the House of Saud, the End of Saudi Arabian Regime  (happening)

B. 2010 the Death of Petro-Dollar, the USMilitary Displaced in Persian Gulf (happening)

C. July 2013 the Global Dumping of USTreasury Bonds, the Return to Sender, Broad-based Indirect Exchange  (happening)

D. July 2013 the Three Big Banks at Failure Risk -- Barclays, Citigroup, Deutsche Bank (happening)

E. 2007 the United States Falls into De-Industrialized Third World (happening)

F. mid-2012 the Split of USDollar into Trashed Domestic Version and Intact International Version

G. 2012 the Arrival of Gold Trade Settlement with Intermediary (happening)

H. summer 2013 the Metamorphosis of BRICS Bank into Gold Trade Central Bank

I. 2011 the Impact to USEconomy from Global USDollar Rejection with Price Inflation & Supply Shortage

J. 2008 (since Lehman failure) the USGovt Debt Default & Restructure under USMilitary Escort

K. August 2013 the Move above 3.0% in USTreasury 10-year Bond

L. 2012 the Increased Isolation for United States on Global Basis (happening)

M. July 2013 the USFed to Begin Monetization of Municipal Bonds

N. Dec 2013 the Swiss Franc rise by 30% with End of Euro Peg

O. March 2014 the Russian Demand for Gold in Oil Payments, together with China Demanding to Pay in Yuan for Oil Shipments, as well as Saudi Arabia Permitting non-USDollar Payments for Oil Purchases

why exactly deutsche bank, i have funds there, but if it can help bitcoin to grow, i guess it's ok for me

You have stocks of DB ?? sell them, other investments are protected by Germany, DB is too big too fail. But share price can drop to 5 euro, they have trillions in bad derivates.

http://www.zerohedge.com/news/2015-06-12/deutsche-bank-next-lehman

have you seen what it stock did in the last 8 years (compare with JPM , GS or WFC)?

I don't keep my money in the bank. Why would anyone?

no normal funds in the bank, i only invest in bitcoin, not anything else, i 100% believe in bitcoin to destroy the fiat system one day

you're a good lad, good luck to you

This is why Bitcoin is so important! This is why Satoshi Nakamoto's invention will help change the world. Every pore of this society is corrupt, especially when it comes to money.

Decentralized systems like Bitcoin are the only solutions to move forward since all of the trust will be just destroyed by fallouts of the banks and governments like this.

why would the Deutsche bank going bankrupt cause BTC to go the the moon?


explain please.

Greece bailout this summer , sended bitcoin to 300$ this summer, but when Greece was 'saved' bitcoin price dropped.

DB is also a systemic problem.

http://notquant.com/wp-content/uploads/2015/06/DB-Derivs-in-context_0.jpg

Yeah, still not enough. Next year EU banks can legally steal customers funds, and german ones can do it from this year.

54 trillion in debt? what the actual fuck man that's a shitload of money.

how do you even get that much debt?

maybe we import to much chinese goods , and China buys Btc likes it's fucking christmas

It's called Central Banks.  Their job is to put governments in debt and they are becoming increasingly good at it.  It is how they maintain control over the world.

That is also my point. We have too little data to predict how good would be Bitcoin if the end of great Keynesian experiment will happen.
It is about its acceptance and recognition. And thus far, I don't see many people paying for their groceries and everyday shopping with Bitcoin. We are not there yet and probably if something that big happened any time soon, people wouldn't be very keen on using Bitcoin (it could have hurt Bitcoin more than help).

Derivative exposure is not debt.

DB took part in almost every major banking scandals of the past decade. oh, them deserve to go down..

but, as it has been said in here before: DB is too-big-to-fail.

It is one of the bankswhat i wish be bankrupt.But first i will like to see banksters jailed and paying  from his own pockets.Most of Deutche Bank looses are cost of lawyers as USA prosecutors has opened against bank legal case for Russian oligarch money laundering in a time of embargo,crime.Instead that thay have new CEO,previous one get his few mln dollars to go away and dont worry ,thay will recover,thay always has free money from UE taxpayers pockets and from Mario Draghi QE
cest la shit vie

They do deserve this, more than any other bank in Germany for sure. But so do others in London, New York, Paris and Hong Kong. The only positive thing I can say about Deutsche Bank is , that they had one "advisor" who was too impatient in trying to scam me, and too transparent in her need to sell more lucrative "products". thus tipping me off and helping me to learn about Euribor, LIBOR etc before that collapsed, about the foundations of the Euro etc, longer before their crimes were proven. Pulling out of the commercial banks was one of my wisest choices. Unfortunately, her predecessor was more subtle :(

It's just another proof that bitcoin is always > fiat and banks. I just hope people don't get lured too much in diversing their assets in gold rather than in cryptocurrencies in general.
DB is not the first one to have problems, and it sure wont be the last, eventually people will be forced to recognize this fact.

I wasn't talking about bail-ins, I was talking about a global impact, a global recession.
But I guess you don't consume and don't have a job. I mean why would anyone?

I live on a boat with a windmill for power and a water filter for endless amounts of drinking water and enough money to live like this for a very long time, and having too much fun traveling the world for next to nothing to really get worked up anymore. #oceanpreppers represent.

No situation is insurmountable if you keep informed and prepare ahead of time.

Amsterdamer ?

Obviously somalian pirate.

Scandinavian.

Debt and derivative exposure may very well put Deutsche Bank at extreme risk.  Our debts (including the "Unfunded Liabilities" of Social Security and MediCare) are much larger than the +/- $19 trillion often discussed.

In fact, debt and derivative exposure is essentially unknowable...  The central banks have, at a minimum, been complicit in damaging our economies by endless ponzis...  As have the "regulators" (LOL, regulators: "JustUs Department").

Scandinavians are the first and best pirates ever.

Bitcoin didn't move an inch during the Cyprus crisis, the recent Chinese stock drop nor during the Greek referendum.

Bitcoin may not rise during a crisis due to poor mainstream adoption, but it certainly won't fall.

DB going down would be a massive blow to the general economy.

Probably, it is not even allowed to fail, it will be saves by the government / EU , but that will take some serious, serious cash to turn those numbers around.

nor during the Greek referendum >>> Man bitcoin hit +300$ until the greek bailout was official

It is definitely too big to fail. I wouldn't even consider such option.
Nevertheless, news like that is definitely playable and may add fuel to a speculative growth, like the one we are just witnessing.

Last news about DB.DB has to pay 262mln penalty,6 persons has to go away from Bank,thay will have independent scrutinity whatever it mean.What was proved.Money laundering 111mln iligal transactions from,to Arabic countrys,Russian oligarch money laundering vanished from news

Now tell me how much DB make froom that 111 mln transactions,thay were huge,262mln$ penalty ha ha,what a business open bank and launder money,best business in the world

At the end of the day, just about all derivatives are debt.

I don't believe that Deutsche Bank will bankrupted. At least until now that I read the news or have seen which is talked about this. Anyhow it is very hard to believe this for a such bank and for a German big financial business. As I know the German economy is not in a bad situation (leaving apart the Volkswagen story). Maybe those two things are connected with each other. But let's wait the link with the news.

I agree as well.  DB is TBTF.  Their government will not allow it, the bank will be saved.

That does not mean that savers or account holders there will be!  A "Bail-In" (account holders would lose some of their money -- THAT happened in Cyprus) is very possible, perhaps probable.

Anyone with money at DB should think about taking some out and putting it elsewhere (gold, Bitcoin, CA$H at home, etc.).

Yes, I was thinking to it could spread out of the globe to all parts of the universe....

I ve been reading today.DB profit from that iligal transactions was 10bln  usd,not bad

Similar profit to penalty had commerzbank and french Credit Agricole andany other  in past.IMF chief Legarde toldtoday,bankers has to be jailed for money laundering,that kind funny financial penaltys dont stop them,his profit isso huge

thanks to the stupidity of the bankers the Bitcoin will take a flight launch soon. hope they get their acts straight soon though. Feel bad for the people who lose their hard earned money to such.

yeah they would certainly dump it all on stamp just like the FBI did  ;D

What a funny little man you are.

/speculation was right again

DB is crashing, viva la bitcoin fuk da banks

http://www.boursorama.com/cours.phtml?symbole=1zDBK&vue=sem