BANG! More Bad News For Deutsche and Friends as the Take Down Intensifies
There should be no doubt in anyone’s mind that the Official Take Down of the Global Monetary System has kicked into OVERDRIVE!!
Even the government and regulators are doing their part to destroy the system!!
Deutsche Bank, Paschi, Numora Staff Charged Over False Accounts
“Six current and former managers of Deutsche Bank AG — including Michele Faissola, Michele Foresti and Ivor Dunbar — along with two former executives at Nomura Holdings Inc. and five at Banca Monte dei Paschi di Siena SpA were charged in Milan for colluding to falsify the accounts of Italy’s third-biggest bank and manipulate the market.”
The charges deal another blow to Deutsche Bank, which is seeking to reassure investors and clients that it will be able to withstand pending U.S. penalties over the bank’s sale of mortgage-backed securities and its dealings with some Russian clients. Monte Paschi, the world’s oldest bank, restated its accounts and has been forced to tap investors twice to replenish capital amid a surge in bad loans and losses on derivatives. It’s now attempting to convince investors to buy billions of soured debt before a fresh stock sale. – Bloomberg
This couldn’t happen at a WORSE time for the world’s largest derivative holder.
And there will be more “bad news” soon.
PS – At this end of this Road is a Silver Moonshot that will be for the record books!!
May the Road you choose be the Right Road.