Will the global crash start in Germany soon?
There are signs that the financial system in Germany could crash in the next few months and cause another global crisis. This time could be much worse than the last time.
Disturbing news today
The ugly face of an emergency fusion of Deutsche Bank and Commerzbank occurs today again in german news (german: Die Welt). Both banks are totter candidates, both share prices declined since 2007: Commerzbank from 245.18 Euro to 9.32 Euro and Deutsche Bank from 79.84 Euro to 9.55 Euro. Deutsche Bank faces also expensive complaints in the USA and Australia. What would a fusion of those banks bring us? Nothing good, because zero plus zero stays zero. The german state is the biggest shareholder of the Commerzbank which is the forth-largest bank in our country and present in more than 50 nations (Wikipedia). If those two banks fail it would affect Germany first and hard and then spread around the world.
100.000 Euro savings deposit garanteed – REALLY?
We germans believe that Angela Merkel said the truth when she promised that our savings will be safe. But the bank fond that has to back 0.8% of the savings of their customers is half empty. That means that in the case of another bank crisis savings could be lost (german: Der Spiegel).
Shocking drop in orders
The german industrie notes it’s longest drop in orders since the global financial crises in 2008. Originally the orders were expected to grow for 0.8% but the political and economic uncertainty pressed the order numbers down. (german: Handelsblatt) One of the main reasons are the fears of an international tradewar. The G7 summit is already called a G6+1 summit: on the one side US president Donald Trump and on the other hand Canada, Japan and the EU countries. They have their deepest conflict since WW2.
USA vulnerable and isolated – german policy influences german press
The press in Germany never liked Donald Trump. The background seems to be clear. People don’t trust the newspapers anymore and get their informations in the internet. But that also means that the media needs different ways to finance themselves. Mass media is therefore grateful that the german party SPD is financially deeply involved in their affairs (german: Presserecht) It is clear that the mass media that is partly financed by the left party SPD shares and prints her opinion.
The crazy fact is that the SPD herself is in deep trouble. Her politics are polluted with economic interests and the workers don’t see what the party is doing for them. Once the SPD was strongly represented in our Bundestag with 45.8% in 1972. Now they are only one among others with 20.5%.
Hit dogs bark and the SPD bites in panic every political enemy. This hits Donald Trump in the USA and the AfD in Germany that received a lot of votes from former SPD people. Long before the tradewar started the german press denigrated Mr. Trump. Now they are happy to have a real topic: the (quote Merkel:) illegal tariffs on steel and aluminum. The international mood is heated up because of Mr. Trumps withdrawal from the iran deal, from the climate agreement and his Israel politics.
You already can hear voices from the EU that they don’t need the USA any more. Agreements with other states would make them just as strong and stronger than the USA. Now what will happen if the USA really needs help and her current allies have turned away? This could be a real threat to the USA – because even the strongest nation on earth needs friends in a case of emergency.
Be prepared for a storm ahead and be careful if they say “Peace and prosperity everywhere”.