A $1 billion per day bank run has started at Deutsche Bank, which Germany’s largest bank and the world’s 15th largest bank with branches in 58 nations. Deutsche Bank has been struggling for years, but their trouble has accelerated this year. Last week, they announced plans to lay off 18,000 employees, which appears to be the catalyst for the bank run. As reported today:
…like the world’s biggest melting ice cube, there is simply no equity value there any more – everyone else has decided to cut their counterparty risk with the bank with the €45 trillion in derivatives, and according to Bloomberg Deutsche Bank clients, mostly hedge funds, have started a “bank run” which has culminated with about $1 billion per day being pulled from the bank. (Source: Zerohedge.com)
A melting ice cube sounds appropriate because Deutsche Bank has enough assets, $1.7 trillion, to endure $1 billion per day in withdrawals for a little while, but at this pace it won’t take long before they face serious liquidity problems because their assets are not all in cash.
A crash of Deutsche Bank has serious implications for the world’s financial system because they have over $50 trillion in derivatives (45 trillion euros), which is far more than their assets, so the losses would immediately impact many other financial institutions. Also, a crash of Deutsche Bank would cause Germany’s equities market, the DAX, and likely their entire economy, to crash, which would be bad news for the European economy, which has been struggling for years with many European nations descending deeper and deeper into debt since the 2008 collapse of the U.S. housing market and Lehman Brothers. The German economy has been the only thing holding up weaker nations like Italy, Spain, and Ireland, so a crash in Germany would cause Europe to lose their strongest engine. The euro would likely drop fast against other currencies, which would immediately impact International trade and global financial institutions.
Several years ago, Pastor David Lankford received a prophetic insight showing the euro at $.80. It is currently trading at about $1.12. These kinds of wild swings in currencies would also fulfill what I saw in previous dreams in which the dollar grew stronger and stronger against other currencies before it was suddenly devalued. Back in 2015, I described the sequence as the final four seasons of the U.S. dollar. The euro dropping to $.80 would move us closer to the end of season one, which would set the stage for those other events to happen at a later date.
The Z3 community has been watching for financial trouble in Germany since receiving the following prophetic warning in 2015 from Pastor Louie McGeorge, Associate Pastor at New Promise Christian Fellowship and Phoenix House of Prayer. He shared the following dream:
“In this dream I was with some friends in Kansas City. They were redecorating their home. Taking things off the wall in one of their back rooms and putting them on their wall in the main hallway. Then my old Pastor came in and someone asked him to tell us what he knows. He said, ‘There will be a crash in Germany on the 25th.’ That was the end of the dream.” (See the complete post)
Pastor Louie was only shown the day, not the month or the year, so we can only speculate about the timing, but the historical pattern for market crashes is during the September-October period, around the Jewish holy days of Rosh Hashanah and Yom Kippur. This year, Rosh Hashanah begins September 30 and Yom Kippur begins at sunset on October 8. Since God has not revealed the exact date, we can only watch and wait, but based on this historical pattern and these recent events, I believe there is a high probability the fulfillment of Pastor Louie’s dream happens on September 25, 2019. Whenever it happens, inverse ETF’s like FAZ and SPXS will do well while traditional stocks will take a severe pounding. I believe God is giving the righteous insights to know what is coming before it happens so we can position ourselves for it.
But seek first the kingdom of God and His righteousness, and all these things shall be added to you. (Matthew 6:33 NKJV)
A prudent man foresees evil and hides himself, but the simple pass on and are punished. (Proverbs 22:3 NKJV)
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
I see a storm gathering for Europe.
The Eu threatens turkey with sanctions over there drilling in cypress waters. In turkey there are a lot of Syrian and other refugees for whom the Eu pays.if they follow trough with canceling the payment turkey will unleash the hordes into Europe.
New ecb head Christine Lagarde “mrs I was told to deliver the number 7 Speech”
New Eu high commissioner mrs Ursula van der Leyen.
So here we have also 2 women ready to ride the European beast.
Also the economy is contracting already even in Germany.
And James is back! ?❤️
James – Didn’t Henry Gruver SAY That When The BANK RUN START ON GERMANY The Next Would Be Mexico And Then The CRASH IS NEXT?
Not Real Sure About This But I Think I Am Right!
David wilkerson prophecied that
Sounds like you’re referring to a prophetic word shared by David Wilkerson which I posted in 2015. I re-posted it just now since I think it will be fulfilled soon. Here’s the link:
https://z3news.com/w/david-wilkerson-global-economic-collapse-begins-germany/
If Sept 25 this year is the date the dominos start to fall from Germany, then a lot of prophetic markers could be fulfilled:
1. Btc $30k could be fulfilled. Btc , like gold , become a safe haven. And COB $1.15 could also be fulfilled.
2. Silver $20 could be fulfilled.
3. US dollars suddenly devalue 50%, could be fulfilled.
I agree it would be bullish for metals since they have a history of being a safe haven in times of uncertainty. The drop in the euro would initially cause the dollar to get relatively stronger, which would set the stage for the sudden devaluation, but that would likely come at a later time, possibly still years away.
May i ask where the date 25th Sept comes from. Was it DW perhaps and where can i read it?
It was explained in the main post. Read it carefully.
Thanks bro, i browsed through it, initially.
You happen to know where I can find the cob revelation at? I hadn’t heard of $1 prices
Please read the comments section under this article: https://z3news.com/w/prophetic-dream-reveals-bitcoin-cash-rising-11000/
Thank you James, these kind of posts are what I was missing while you were away. You always remind me of things that I have forgotten. A crash on September 25th seems very logical but I hope it happens this month of July. I have been positioning myself for this crash for about 21-22 years. I don’t need to wait any longer ; )
Lots of historical cycles support equities crashing into October, confirming the possibility of Germany crashing on September 25th.
It would also be 90 years when the Great Depression started as well