There's stories about it all over the internet now. The financial times says it lost €6.8bn last year. This is why Satoshi invented bitcoin, if Deutsche Bank goes bankrupt more people will start storing their money in bitcoin rather than trust a bank. The price rise will be higher than we expected.
Deutsche Bank May Be Top Contributor to Systemic Risk, IMF SaysDeutsche Bank hit by IMF hazard warningThe bank is battling to settle a number of regulatory probes — including into its mortgage-backed securities business and its Russian operations — and is also in the midst of a 5-year restructuring effort aimed at boosting capital and profits. Last year it suffered a €6.8bn net loss.
http://www.zerohedge.com/news/2016-06-27/two-black-swans-far-greater-brexit-are-horizonWhile the world continues to focus on the BREXIT, two other, much larger problems are emerging.
The first is that the US is back in recession. Labor Market Conditions, Industrial Production, the Dallas Fed Workweek, Commercial and Industrial Loan Delinquencies, Corporate Debt Levels, and Inventory Accumulation are ALL in recessionary territory.
Because it is an election year, there is an even greater need to maintain the narrative than usual. So don’t expect an official announcement of this recession until sometime in earl to mid 2017
Regardless of when the elites announce it, the fact remains, the US is in recession. , Seven years of ZIRP and $3.5 trillion in QE by the Fed generated the weakest recovery in seven years. And the Fed is now out of any effective ammo (the benefits of a rate cut would be transitory at best).
In short, the academically based theories of the Fed’s Presidents have been proven to be bunk. The Fed cannot stop the business cycles. All it has done is create a bubble in every asset class under the sun. And this time around, stocks will be crashing to new lows below the March 2008 levels of 666 on the S&P 500.
When do you think this crash will happen, and what effect do you think it will have on bitcoin? IMO after people stop trusting banks there will be a flood of them trying to buy bitcoin.
Bitcoinity's showing the number of blocks until the halving too. It wasn't showing earlier today, but now it's in a prominent place above the charts (which show a healthy price rise as we approach the moment we've been waiting for).
