Commerzbank, wikimedia commons
This article was written by Daisy Luther and originally published at The Organic Prepper.
Editor’s Comment: While it is admirable that the government in Germany has seen fit to give its population advanced notice of what is coming, the fact of the matter is that something very big is happening. This news is only building upon the enormous and very serious problems that Deutsche Bank has been having during the last few months. It holds grave weight in the economic perils that the global banking sector faces, but it is also bigger than that.
The social chaos, the turmoil and the uncertainty about stability in the future is driving anxieties worldwide… how much more pressure can the system take before everything gives way? This is going to happen everywhere, even as certain individual nations or corporations make headlines. Are you prepared for what happens in the aftermath?
Another Nail in Germany’s Economic Coffin: Commerzbank Cuts Out Jobs and Shareholders’ Profits
by Daisy Luther
Hot on the heels of the Deutsche Bank debacle comes the next nail in Germany’s economic coffin.
Germany’s second largest bank, Commerzbank is planning to cut almost 10,000 jobs over and will stop paying dividends to shareholders. These actions will take place over the next 4 years.
When the news broke about Deutsche Bank collapsing, the German government said it will not assist the ailing bank – however, some have reported that the situation appears so dire that they may have softened.
According to Die Zeit, the German financial sector is in talks with the government to have a rescue plan in place to head off a total collapse of the bank. However, Deutsche Bank and the German Finance Ministry have denied that the government would be prepared to hold a 25% stake in the bank to prop it up.
“This report is false. The federal government is preparing no rescue plans. There is no reason for such speculation. The bank has said that clearly.” A member of the Finance Ministry said yesterday. (source)
Concerns are rising due to the size of the fine imposed by the U.S. Treasury.
Deutsche Bank is Germany’s biggest lender and is facing a $14bn (£10.8bn; €12.5bn) bill for improper selling of mortgage-backed bonds before the financial crisis of 2008. Many experts don’t feel that they would have to pay the whole fine but say that it is within the rights of the Treasury to insist the fine is paid. If this happens, there is little doubt that would lead to the total collapse of the bank in its current form.
Germany is in turmoil.
A few short weeks ago, the German government recommended that its citizens prepare for a national emergency by stockpiling food, water, and cash. Was an impending economic collapse the reason why?
This is a nation that isn’t used to having to deal with such things and their hard-line stance during the Greek financial crisis has put them in a position whereby they will look hypocritical if they step in to help a German financial institution when they basically turned their back on Greece. A “bank holiday” left the Greeks with no access to money, and their financial collapse resulted in tens of thousands of Greeks being unable to feed their kids and a skyrocketing suicide rate.
Merkel’s’ open door policy for migrants has also caused some deep divisions with massive gains amongst the far-right who have pledged to cut migration.
The country has been besieged by sexual assaults and a rise in violence over the last few months and one has to ask how long the ‘strongman’ of Europe can keep travelling on its present course.
Of course, astute observers knew something was amiss when Germany announced it was looking at the possibility of re-introducing the draft and had advised German citizens to stock up on food, water, and cash in case the country faced a national emergency.
Europe is teetering on the brink, and although we are thousands of miles away, we must take note of what happens there. Trade and economy are inextricably linked in this age of global connectedness and the ripples are felt around the world when a major economy hits its crisis point.
This article was written by Daisy Luther and originally published at The Organic Prepper.
It Took 22 Years to Get to This Point
The United States just made a decision that could lead to World War 3. The current ruling class...
This article was originally published by Rhoda Wilson at The Exposé. Scrutiny has intensified over...
The bird flu outbreak is continuing to spread in human beings. More cases have been confirmed in...
Commenting Policy:
Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.
This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.
Germany’s Commerz Bank is going to lay off nearly 10,000 workers. On top of those already laid off by Deutsch Bank. The ground work is being laid out by the Globalists for the collapse of the West. If there is no bail out, the banks will probably collapse. If there is a bailout, the collapse will be delayed for awhile. Better to collapse now. We are weaker every day that this goes on.
Merkel knew EXACTLY what she was doing when eh let in the million+ savage animals into the country. This is just the beginning of the NWO they’ve been quietly working on forming. Meanwhile Obozo and congress are giving up control of internet domains to a panel of foreign governments that include China, Russia and Turkey, among others!!! Say goodbye to the internet as we know it!!!
Fake silver on Ebay
https://www.youtube.com/watch?v=QI5PWVGuHKo
The entire Zio-Bankster System must be collapsed. Actually this event may start the US based Zio banskter system to collapse as well so all are welcome news. However I am more interested on real people and the lives that are being destroyed by the IDF based in the JSA.
https://www.rt.com/usa/361016-police-arrest-dakota-pipeline/
Stolz-
Actually the banking system is made of all races, religions and people. Its a mistake to brand any people any more evil than another, all races have their issues.
No race can claim to be any better or any worse that the next, it comes down to individuals, we will all stand before God and give an account of our lives. On that day, a persons race will not matter one bit.
DoeBoySon… The BIS he’d in Switzerland is owned by the Rothschild family. This bank is the mother of all central banks in the west. They have also bought corrupt minions in many other countries with a huge diverse cultures.
Minions can be wiped out fast but the cancer cell must be destroyed. In this case the cancer cells for centuries has been the Zionist Jews.
You seem to be a good person based on your kind post but one tribe can’t commit so much financial and military crimes against humanity without a final punishment.
As the Great Mr. Gleason would say. “And away we go”. So are you ready?
I’m to a point now where I don’t care any more. Just as long as they don’t expect me to pay for their down fall.
I only keep enough money in the bank to pay my utility bills and my truck payment, and a small Christmas Club, (that I use for my November Deer hunting trip)
Daisy thanks for the info.
I know let us bring in More Muslime and they will help us. Sarcasm off!
Sgt.
But THEY ARE gonna expect us to pay for it.
It’ll be called a Bail In. Greece did it.
I think for the first time in my life we might just see a full-on TAX STRIKE from the serfdom.
The collapse is gonna happen – math says so. Who will initiate & control the collapse is what I question.
How about the National Prison Strike. Nobody mentioned this yet.
Its in about the 3rd week now.
The Largest Prison Strike in U.S. History Enters Its Second Week
Alice Speri – Sep. 16 2016, 9:19 a.m.
The largest prison strike in U.S. history has been going on for nearly a week, but there’s a good chance you haven’t heard about it. For months, inmates at dozens of prisons across the country have been organizing through a network of smuggled cellphones, social media pages, and the support of allies on the outside. The effort culminated in a mass refusal to report to prison jobs on September 9, the anniversary of the 1971 Attica prison uprising.
“This is a call to action against slavery in America,” organizers wrote in an announcement that for weeks circulated inside and outside prisons nationwide, and that sums up the strikers’ primary demand: an end to free prison labor. “Forty-five years after Attica, the waves of change are returning to America’s prisons. This September we hope to coordinate and generalize these protests, to build them into a single tidal shift that the American prison system cannot ignore or withstand.”
Since Friday, details on the strike’s success have trickled out of prisons with some difficulty, but organizers and supporters have no doubt the scale of the action is unprecedented, though their assessment is difficult to verify and some corrections departments denied reports of strike-related activities in their states.
Prisoners in 24 states and 40 to 50 prisons pledged to join the strike, and as of Tuesday, prisoners in at least 11 states and 20 prisons continued the protest, according to outside supporters in Alabama. Tactics and specific demands varied locally, with some prisoners reportedly staging hunger strikes, and detainees in Florida protesting and destroying prison property ahead of the planned strike date.
“There are probably 20,000 prisoners on strike right now, at least, which is the biggest prison strike in history, but the information is really sketchy and spotty,” said Ben Turk, who works on “in-reach” to prisons for the Incarcerated Workers Organizing Committee, a chapter of the Industrial Workers of the World union helping to coordinate the inmate-led initiative from the outside.
Small rallies and demonstrations in support of the strikers were staged in dozens of U.S. cities and a couple of foreign countries, but so far the coordinated strike remains largely ignored on the outside.
“The strike has been pulled off, but we’re not quite breaking through to getting mainstream media,” Turk told The Intercept, noting that the strike was widely covered by independent media. “I talk to people who aren’t in that milieu and aren’t seeing it on their social media, and they’ll be like, ‘We didn’t hear about it, there’s nothing about it anywhere.’”
That’s bad news for the strikers, who rely on the support of outsiders to push for more radical reform but also depend on their outside visibility to mitigate retaliation by prison officials.
A week into the strike, a couple of groups were providing updates on the action, which organizers say will carry on indefinitely, as well as outside demonstrations of solidarity.
Read the Rest: ht tps://theintercept.com/2016/09/16/the-largest-prison-strike-in-u-s-history-enters-its-second-week/
***Many Prisons went into Lockdown, and I would just cut back on the food, until they gat back to work. lol
~WWTI… The MSM doesn’t report this Prison Strike.
So, why should I give a “shiite”.
rellik,many reasons to give a shit about prison labor.First,most probably do not belong in jail,just dumb drug laws.second,with prison industry slave labor wages these crporations take at least OK paying jobs from citizens as the companies cannot compete against the slave labor.Third,we pay huge monies to keep this bullshit prison system operating.Fourth,many who never should have been jailed except for stupid laws that benefit the cop/court/drug cartels can never get for most part a decent start at life on the outside,thus,more crime and the cycle continues.These are just a few of the reasons you should give a shit.
Without going into details,
I spent time in New Orleans
Parish prison.
My charges, all false were dropped.
That was not before I spent a week
with some of the most vile things
you could believe. The guards
and the prisoners.
Rape was common and the guards
thought it was funny.
My jail time taught me to attack
the first person that tries to be a
friend to you. I spent my nights in a corner
and during the day slept in the middle
of a bunch of Marines in for strong
arm robbery.
No one ever hurt or violated me, but
there was a lot of harm done to others.
Blah, blah, blah, blah. TOO wordy and not interesting. Sorry.
im sorry, but its hard for me to feel sorry for people who make it a point to break the law(which is why theyre in prison to begin with), already they get education, good food, exercise, reading, computer skills and the list goes on….there was a time when going to prison was a punishment…cold cramp cells with comfy straw as your bed, with delicious dry bread, water and slop for food…a good relief was to shit in a bucket in the corner shared by a few others, with toss the rat to see weather it was head or tails on who was going to have the pleasure of emptying it. Slave labour you say, they get paid don’t they, theyre lucky they even get that.
There was a time… When? The dark ages? Not everyone in prison is a hardened criminal. And a few are even innocent. There are people who have been arrested and have a permanent record for having a little weed. Now in some states what was illegal is now legal and an extreme tax generator. There are thousands and thousands of laws and regulations out there with more being drummed up on a daily basis. Even the most law-abiding citizen could get caught in such a big net.
We’re being craftily nudged into accepting a One World Government as out “Savior”.
That’s the end game.
nudged, no. They are ramming it down our throats.
I have less than $40 total in cash in 4 CU accounts. The Loot is all safe and sound in my personal secret mineral banks in unknown locations with 24/7 access. All ACH deposits immediately get withdrawn from these institutions and keep just a min balance.
When it all comes a crashing, your bank accounts will be one of the first things frozen, and the bail-in begins. You get back what’s left, after their pillage and plunder. Its a tax on your deposits. Anybody with a UN-safety deposit box will have those assets just disappear. Then you will have to prove what was in the Box to file a claim. How do you prove that? You can’t, and you will be fleeced.
~WWTI… Some read and act on this. Other fiddle.
“When it all comes a crashing, your bank accounts will be one of the first things frozen, and the bail-in begins. You get back what’s left, after their pillage and plunder. Its a tax on your deposits. Anybody with a UN-safety deposit box will have those assets just disappear. Then you will have to prove what was in the Box to file a claim. How do you prove that? You can’t, and you will be fleeced.”
I would not want to be a bank employee….or more particularly, a bank officer after such action takes place. I think you could expect a lot of them to be found weeks or months later in shallow graves. Of course, they would use the lame excuse, “I was just following orders when I raided your safety deposit box.” I doubt that will do them much good.
What a prescription for civil unrest. Want to see the middle class take to the streets? This just might be the thing that would spark it.
In the words of Kosh from Babylon 5….. ” And so it begins……”
In the words of Herger from 13th Warrior,”Come little brother,it’s beginning”
Yeah, but Charlie Gasparino says it’s non-systemic.
It’s EXACTLY SYSTEMIC, otherwise it wouldn’t have happened in the first place. We are about to see 2008 all over again but in spades.
If your money is locked behind someone’s doors other than yours…..get out while you can and convert it into tangibles.
If you can’t physically stand over your wealth with an AR-15, it isn’t yours. Period.
If Hillary get elected – delayed collapse.
If Trump gets elected – sped up collapse.
CR
We think alike. I agree with the Hitlery and Trump idea.
The sh#t is coming and it is going to get deep. So make sure you have several shovels. If you know what I mean.
Sgt.
Agreed. Furthermore, the more the collapse is delayed, the worse it will be in the end. Sooner the better. Therefore, let Trump get it done.
Timmmm-berrrrrrrr… Its all collapsing, look out below…
Hope you all got cashed out of all paper and digital money accounts and invested in your future with Hard Tangible Preps, paid off all debts, live free.
Found a great little camp wood stove. Can cook on top of it, perfect for outside cooking, like a roast in cast iron pot on top, or boil water, heat… Wood is Free. I started cutting all my fire wood up into smaller pieces for splitting and so it can fit in a small stove. No more than a foot long. Can also put fireplace bricks on top, then a pot of food on the bricks and use the heat transfer through the bricks to avoid high direct heat to keep things warm or slow cook. Another tool to cook food..
~WTTI…
I have a supply of privet hedge cut up into short pieces that will fit in a rocket stove. It grows like weeds. It dries fast. It’s small and easy to cut. And it doesn’t look like firewood to anyone else.
Think about letting part of your property go to privet hedge for fast-growing fuel.
Hmmm, so if OBAMA’s Treasury department insists on the fine that will bankrupt Europes largest bank, it will start a global financial crash. But, if some kind if payment plan is worked out and the fine reduced slightly, crisis potentially averted!
My money’s on OBOMBER destroying western civilization. Keep on stacking.
Info Wars is reporting big money is running from Deutsche Bank.
The run on German banks has started.
Obama will sit, just watch and let it happen. Obama of course triggered it, with massive US Treasury dept fines they all know German banks can’t pay.
The Middle East is already in ruins being taken over by jihadists, the EU is overrun by Muslim migrants who will be unable to coexist in any Western countries. The US is on the verge of war with Russia and China. Islamic terrorism is rampant everywhere. Obama’s term is nearly up…… What a legacy.
Wow, what a difference 24 hours makes.
Today Obama bots reduced the fine to 5 billion from 14 billion. Apparently Deusche Bank can pay this, so we are all safe for the next week or two.
OK I admit I was wrong, Obama didn’t destroy the world before our very eyes. There’s always another day?
This is interesting …
US To Suspend Syria Diplomacy With Russia, Prepares “Military Options”
by Tyler Durden
Sep 29, 2016 12:26 PM
In the most dramatic diplomatic escalation involving the Syrian conflict in the past years, yesterday John Kerry issued an ultimatum to Russia, in which he warned his colleague Lavrov to stop bombing Aleppo or else the US would suspend all cooperation and diplomacy with Russia.
Check out the comments, they as well are interesting …
http://www.zerohedge.com/news/2016-09-29/us-suspend-syria-diplomacy-russia-prepares-military-options
Obama’s military options have always been to surrender.
Has he won anything?
Taliban have taken back Afghanistan.
ISIS runs Iraq.
ISIS runs Lybia.
Turkey is kicking the US out.
hey, but at least there are transexuals in the military now.
as usual, when the elite dork up so majorly that they should be immediately shot or hung in the gallows, they divert attention through the use of conflict/war. how sad the depravity of mankind, which also means there will be hell to pay at the judgment. maybe the deutschers will recommend the bankers and elite prepare for their judgment.
The stock market is about 2% from it’s all time highs while two of germany’s largest banks could go under in less than a month, in the usa labor participation and home ownership is at 30 year lows and “refugees” are causing people to not shop and travel all over europe.
What a farce the western economies are. In 3 months, we could be in a global recession with all time market highs.
Just pathetic what a fantasy the world is in and when it wakes up; it’s not going to be pretty.
Nobody will wake up. They will just suddenly be poor.
Not very encouraging news. All the banks are so interconnected that if one goes down, the others seem to follow. Angela Merkel’s popularity continues to sink like a rock. If a democratic government can’t keep order and provide basic services, a non-democratic government will take over and get it done. Frightening thought!
Why don’t the news media services have more on what is one of the most severe crisis since the end of world war ii?
Why do you think the media would be watch dogs now?
The media is nothing but progressive lap dogs, running propaganda just like the NAZIs.
Remember, the Nazis were socialists.
The election will determine my response.
Hillary wins, I go totally Galt.
Trump wins I’ll still play the game.
Germans need to make the same choices and
quit being ruled by the very bad decisions of
their grandparents. As of 2005 all my Grandparents
were dead. They had their spin on the world and
I listened, I learned from them, and certainly
did not adopt the same prejudices.
This is obvious as I hate Democrats and all
my grandparents were Democrats.
Relic-
Mine were democrats as well, but not the same kind as we have today. Most old time democrats were conservative on most things. Zell Miller is a good example. Remember the Republican national convention speech he gave in 2008?
prejudices will save you life. Prejudices will keep you out of areas and away from people that will get you robbed or raped.
Trust your prejudices like you trust your gut.
Got Silver? Right now is the last stop to pick some up, before this goes to the Moon.
~WWTI…
Fuck silver. Preppers should have all the silver and gold they need by now. Buy food. Buy ammo. Buy solar. By a water machine. If you can’t eat it or drink it and it doesn’t power your environment, you don’t need it at this stage of the game.
By an E-bike for transportation. In a real SHTF gas and oil will eventually be scarce and expensive. Be there to get there. 🙂
Its a GREAT time to be alive!!! 🙂
Patriots the world over are confronting Globalists. Take it to their STREET !!! Take it to their HOUSE !!! Inspire your community to rise up against them !!! Target Globalism !!!
The New World Order will be eliminated overnight !!! Do your part when the time comes !!! 🙂
Aren’t the Germans still trying to get their gold back?
First they need to get their country back.
it’s gone. Along with everybody else’ gold.
No it will never happen in America. I hear that from people all the time.Hell coming to breakfast get ready quickly.
I’ve been practicing using my frying pan to make just about everything. I made spegetti by breaking it into thirds and only a little in boiling salted water. When it was cooked almost, I turned off the heat to let it cool. To my surprise, when I came back, the spaghetti had absorbed the remaining water and swelled to fill the 8inch frying pan. I added a pat of butter and it was quite good. The spaghetti was 25% vegtables.
In order to utilize all the nutrients in vegtables, you must eat them with some type of oil/fat. So drizzle organic virgin olive oil on your veggies or a pat of grass fed butter. During good times or bad, leaving out the fat is counter productive. The latest research shows that consuming fats causes weight loss, especially of the dangerous abdominal fat that impairs proper functioning of your organs.
__
Cool tip on the frying pan spaghetti. I will have to try this.
too much gluten in spaghetti, m’kay.
Consider this trick to cook food…. add boiling water to dry food in a big thermos and let it sit. Further insulate the thermos with multi-layer aluminum foil and bubble wrap. This uses minimal heat to prepare food.
And on top of all this, we’ve an interesting solar storm heading our way about now. Those who have a s/w radio might find interesting listening tonight, especially on the higher frequencies which will be reflected at night due to the solar storm.
I fear that life will be totally different by year end, if not before. And I fear for Trump’s life.
Tenn., thank you.
Great tip about using a thermos, I’ll bet it works great for rehydrating freeze dried foods.
Not only a solar storm but a rare black moon too.
Most Americans have no clue as to how lovely Germany is and how high the standard of living is – until Merkel started letting in refugees.
Since that move, it has been chaos and turmoil that the country has not seen for decades.
How could she be so dense?
Germany was to be the leader of Europe but it looks like it will be the heart of the next crisis. Make no mistake, with Europe losing its economic and social power, the world will also lose its most civilized corner. There is no replacement waiting in the wings; not China, not Africa and not Russia.
I know that the regular news media are lapdogs but I expected better from Fox News and BBC America. The collapse of Deutsche Bank and the downsizing of Commerzbank is huge. Are they afraid of starting a panic? If Yellowstone erupted,would they mention it? No wonder people are turning to the internet for their news.
I know many people who work in the mainstream media: big news agencies, TV etc. They are primarily focused on themselves. The media is a ruthless business and narcissists and self-promoters do best; anyone who chases real stories and facts or goes against the grain, they get screwed over or dumped.
It is this that ensures they won’t touch the truth with a barge pole. It would screw up their money making opportunities and all the freebies (tickets to concerts, free trips etc.).
A fair few of the women literally screw their way to a story. News rooms these days tend to have a lot of bitchy old queens who are grammar nuts, lots of women, a handful of white men and the minorities sprinkled about. It is mostly a pink ghetto and liberal echo chamber.
There is no way they are going to stick their necks out and give people a heads up when the next crash starts.
Sitting on the lake in the forest waiting, Got everything I need & more.