Bailing out of Deutsche Bank
Dec 10, 2018
The largest bank in Europe is in serious financial trouble, having lost money for the past three years. Its stock price has lost half of its value in just the past 12 months. Scandal after scandal has plagued them, as they are fined for price fixing, money laundering, and other illegal banking activities.
Barron’s Magazine posted this article a few days ago:
Why It’s Time to Bail Out of Deutsche Bank
“If the company can’t make money when there are no setbacks and financial crises, then tell me how it survives the next recession,” says Don Coxe, chairman of Chicago-based financial firm Coxe Advisors.
Deutsche Bank might be the trigger for the next financial crisis, just as Lehman Brothers was in 2008. It is thought to be “too big to fail,” but in fact it might be “too big to bail.” If it fails, its $40-50 Trillion worth of derivatives would bring down the system as we know it.
It has long been known that when the debt crisis reaches its peak, the banking system would implode, and it would have to be replaced. From a prophetic standpoint, I think we have reached the debt-saturation point where just a slight rumble could bring down the entire system.
The real question is who will determine its replacement, and what system will that be? Most have assumed over the years that the bankers would replace the old system with something that benefits them, so they do not lose their generational wealth. But Revelation 18:15 paints an entirely different picture. The oligarchs are seen “weeping and mourning” over their losses.
While most Christians, influenced by their Futurist view of prophecy, think that the worst is yet ahead of us, I believe we have reached the END of the Babylonian system—not its beginning. While I see major disruption ahead as Babylon falls, I see the outcome as positive for us as the Kingdom of God emerges into the world.
Nonetheless, I would suggest exercising caution in regard to where you put your savings. I am not a financial advisor, but I think the advice in Barron’s (above) is good. If I had money to invest, I would not be invested in the stock market right now, nor would I have any large sum of money in the bank—especially not in Deutsche Bank.
Remember that a few years ago it was decided that if you deposit money in a bank, it is considered to be an unsecured loan to the bank. The money is no longer yours but is your loan to the bank. If the bank becomes insolvent, you lose your money.
So be careful.