Links to slides and sources: https://www.itmtrading.com/blog/db-da...
According to the DB Q1 2019 Financial Report, leverage at Deutsche has expanded in the first quarter of 2019 and officially, they hold 3.9 Euro's of equity for every 100 Euro's of debt, so if the value of their holding drops just 4%, they are insolvent. Something that has occurred in recent years past. Because the global banks are interconnected, a run at DB could take down the entire system, just like Lehman. That could certainly be the black swan event that no one expects. Game over. Could that be why Germany repatriated most of the gold they held in central bank vaults in New York, London and France? What might they know that the public doesn't? They know about the true state of the global financial system. They also know that if you don't hold it, you don't own it.
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.