On May 14, a financial analyst and former head trader at the Royal Bank of Scotland spoke on the Hagmann and Hagmann Report regarding the current state of the global economy. Known in the public sphere under the pseudonym of 'V', and labeling himself the Guerrilla Economist, this high level insider stated that not only is the entire economic system hanging on the precipice, much worse than in 2007, but that one of the largest banks in the Euro Zone, Deutsche Bank, is far gone into the danger zone and will very soon go belly up.
V: Deutsche Bank. Big bank. Biggest bank in Germany, and one of the biggest banks in the Euro Zone... they're going to go belly up. Watch it. Watch it, I said it, it's going to happen.
They are in such a danger zone, they don't know what to do. Deutsche Bank's derivative debt is greater than the global economy. That is one bank. $72 trillion in derivative exposure. The entire global economy, all the countries in the world is only $66 trillion GDP. - V, Hagmann and Hagmann Report, May 14
This high level financial insider, who works closely with alternative media personality Steve Quayle, has a growing track record of accurate predictions and assessments going back to 2012. In January of this year, V reported that Japan would begin the primary currency war now taking place around the world, that would eventually be the lynchpin to the global financial collapse to come. Additionally, the Guerrilla Economist months in advance predicted the Dow would climb to over 15000, and that precious metals like gold and silver would be forced down to help push the dollar to be the primary and final safe haven for global investors.
Since V's prediction on Japan, and on their actions which resulted in the ongoing currency war, the move out of Japanese and European assets has accelerated, with the U.S. stock market rising over 2000 points, and the dollar climbing to nearly 84 on the dollar index.
Many people remember in 2008 when rumors of Bear Stearns failing were rejected by mainstream pundits and financial analysts, exemplified by the famous call by CNBC's Jim Cramer not to sell the company. Within days of course, the century old firm was gone, wiped out, and consolidated with JP Morgan, and validates that most major economic events will arrive suddenly for the public, but known well in advance by those on the inside. Events in Cyprus proved this out recently when not only Russian account holders, but Cyprian politicians, took out their money from the soon to be confiscated accounts, weeks in advance of the eventual bank holiday.
Over the past six months, the German central bank has done the unprecedented event of demanding its physical gold back from storage at the Federal Reserve, and central bank of France, and the largest Dutch bank has officially defaulted on supplying physical gold to its customer contracts. Couple this with the new global banking template created in Cyprus, where uninsured customer accounts would be confiscated to pay for the next bank bailout, and it is easy to see that the banking systems around the world are in dire straits, even greater than the bailouts required for most in 2008.
As France and most of the Euro Zone moves into deep recession, having never fully recovered from their 2008 economic plunge, nations around the world are consolidating assets out of their own currencies and investments and into U.S. dollars. This capital flight, especially from Japan, Germany, and many places in the Euro Zone, gives strong credence to V's prediction that the coming demise of Deutsche Bank has a very strong potential for coming to pass.