Deutsche Bank Derivatives Bubble suddenly Imploding into a Financial Black HoleDeutsche Bank is to Germany is what Wells Fargo is to the US .it just does not stop at one scandal, there is another and another and another. Today, Deutsche Bank was convicted of derivatives transactions in Italy. An Italian court convicted 13 former bankers from Deutsche Bank, Nomura, and Monte dei Paschi di Siena on Friday over derivative transactions that prosecutors say helped MPS the world's oldest bank conceal huge losses. The verdict also ordered the seizure of 64 million euros, about $70.5 million, from Deutsche Bank and 88 million euros from Nomura as part of the sentence. Monte dei Paschi reached a settlement of 10.6 million euros with the court in 2016. Financial News,economic collapse,China trade war,Stock Market Crash,market crash,zerohedge,x22report,money GPS,SGT Report,Dahboo77,Epic Economist,documentary,Greg Mannarino,economic collapse confirmed,Alasdair Macleod,Peter Schiff,Marc Faber,Gold,jim rogers,ron paul,gerald celente,bank run,deutsche bank,banckruptcyThe case centers on two controversial derivatives deals, known as Alexandria and Santorini, that Nomura and Deutsche Bank arranged for Monte dei Paschi in 2009. Prosecutors said the deals helped Monte Dei Paschi, which was founded in 1472 and is Italy's fourth-biggest lender, hide more than 2 billion euros of losses it racked up after the costly acquisition of a smaller rival in 2008. Monte dei Paschi's managers were accused of colluding with Deutsche Bank and Nomura bankers to hide losses at the Italian lender by using complex derivatives trades, dubbed Santorini, and Alexandria, that led to a misrepresentation of its finances between 2008 and 2012. Deutsche bank should be allowed to collapse; they're a failed venture, it's not in the capitalist system to save failed businesses and the consequences for the common man from paying those bailouts have been catastrophic. For the full transcript go to https://financearmageddon.blogspot.comto subscribe click here : https://www.youtube.com/user/TheSchif...#BankRuns #EconomicCollapse2019 #economiccollapse #gold #silver #financialtimes #economiccollapse2019 #financialcrisis2019Economic Collapse 2019 - Stock Market Crash , economic collapse news.Special thanks to my youtube friends , they inspired me to finally start my own channel : X22 Report ,Greg Mannarino ,The money GPS, SGTreport ,DAHBOO77,Epic Economist,VisualPolitik,The Caspian Report,The Corbett Report,Greg Hunter USAWatchdog ,Future Money Trends ,Rick Rule,SilverDoctors,Jim Willie,Bill Holter,Bo Polny,Bix Weir,RoadToRoota,Kyle Bass,Realist News,Rob Kirby,Reluctant Preppers,The Next Newss,Maneco64,Mike Maloney,Gold Silver,Eric Sprott,Jim Rickards,David Morgan,Peter Schiff,Max Keiser,Robert Kiyosaki .Follow us on Facebook : https://www.facebook.com/theatlantisr...and on twitter : https://twitter.com/atlantis_reportrecommended economic andfinancial books : Destined for War: Can America and China Escape Thucydides's Trap?https://amzn.to/33RwG52How an Economy Grows and Why It Crashes by Peter Schiff: https://amzn.to/33Tk8KyBitcoin:The End Of Money As We Know Ithttps://amzn.to/31TXAqXThe Death of Money: The Coming Collapse of the International Monetary System https://amzn.to/2L2688qCOPYRIGHT DISCLAIMER:Under section 107 of the Copyright Act of 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research.This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:https://link.attribute.to/cc/493852