Deutsche Bank Continues To Plummet As Moody’s Gives Them A Downgrade – Lehman Brothers 2.0?
A few months ago we spoke with Stephen P Kendal about the inevitable crash of Deutsche Bank as their derivative exposure hit 75 trillion dollars which is the GDP of the entire world, not to mention the fact that Germany’s GDP is 3.7 trillion. We still remain convinced that Deutsche Bank will collapse and with the recent news that Moody’s downgraded Deutsche Bank’s credit rating, we’re more convinced than ever.
While Deutsche Bank ridiculously claims that everything’s going to be okay, facts seem to prove otherwise. We believe it will be the next Lehman Brothers, except far worse as Deutsche Bank desperately tries to prop themselves up.