Economy

Europe On Eve Of Banking ARMAGEDDON That Will Dwarf 2008 Global Crash, Alerts Expert!

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Written by JayWill7497

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GERMANY, Italy, Switzerland, Britain and France are experiencing the catastrophic consequences of ‘over leveraging’ as Europe’s largest banks get ready to release their latest results over the next 2 days.

And analysts point out the possibilities for a cataclysmic failure could spread like a wild-fire hitting the continent and beyond as the true extent of deep difficulties in the international banking sector are exposed.

The IMF and German governments have declined to step in to prop-up struggling banks but risk analysts are forewarning Deutsche Bank, RBS, Lloyds, Unicredit, Intesa SanPaolo, and BMPS could all require a state bail out.

And it’s going to be a wake up call for the whole entire of Europe point out experts who fear the reports are not going to be good for anyone.

With mind boggling simliarities to the 2008 global financial crash, the most recent results could spell disaster not only for the wealthy bankers paid to run the system but for common savers.

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New York based David Hendler of Viola Risk Advisors states the next 2 days could have considerable ramifications for the whole globe.

He stated: “Like autumn leaves falling from the mighty oaks, the incredible yellows, oranges, and reds, will turn and rot into the ugly browns and black detritus, leading to smelly and then crumbled leaves.

“Once a mighty European bank, unfortunately, Deutsche Bank is going down that “death-spiral” path and much of the big European banks are too whether due to their own transgression or sucked down into the European bank ocean depths by the biggest bank in Europe, Deutsche Bank.

“Compounded by a crippled Italian banking system with no easy way out, and anaemic French banking and half-hearted British banking, these big European region banks do not present any good merger saviours.

“Don’t look to the Swiss which are always insular and with Swiss banking continuing in its fortress-like capital wall building mode cannot handle troubled balance sheet banking target.

“Also, with Swiss banks formerly old reliable asset management business continuing to slow whether in China region or Europe and America, they are revenues challenged.

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“Spanish banking, though experiencing sluggish revenues seems to be buoyed by its lock on its domestic retail banking markets.

“But don’t look for the ‘conquistador banks’ for any mercy mergers either.”

Mr Hendler who held a conference call with global investors yesterday is planning to distribute a lengthy report tomorrow when the outcomes start to become clear.

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He included: “For the most part, all of the above-mentioned German, British, Italian banks either require a State government intervention or they have already been intervened.

“SocGen is the most dangerous French bank with huge systemic risk, ranking as the third highest exposure at $72 billion according to the NYU V-Lab.

“More troubling is that based on the European Banking Authority stress test forecasts.

“For the year 2017 it would take SocGen 11 years to rebuild its capital from pre-tax pre-provision operating earnings.

“That is just plain too long a capital rebuild period and speaks to the company’s dangerous systemic risk profile.

“Yet, if the biggest bank in Europe is scrambling, this condition could spread like a wild-fire and encircle much of European banking leading to a possible state of contagion aka as a European regional banking systemic liquidity crisis a point we made in early September.”

 

These People Are A Danger To Themselves And Others! Wake Up!!!!!!

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About the author

JayWill7497

Reporter, Journalist, Blogger, Researcher. Committed to providing information by posting/archiving videos, articles, and links. I also investigate to raise awareness on numerous issues, inspire critical thinking, involvement, and hopefully to help make our world a better place for all. “The truth, always the truth at all costs”

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