Bank Watch, page-814

Hi Wombat53 and all,

Whilst all eyes are currently on Deutsche Bank apparently it’s not the only German bank in trouble. One wonders if Angela Merkel has the stomach to nationalise all the German banks with problems, perhaps this will end her political career!

By the time she bails out the dodgy banks and car manufactures with fine assistance I doubt Germany will be as strong as it has been.

I can’t help feeling this is why our own cowardly Australian government is so reluctant to chase large American companies for their fair share of tax.

“Commerzbank aims to cut around 9,000 jobs in the next few years and will scrap its 2016 dividend as part of efforts to reduce costs in the face of negative interest rates.”

https://www.rte.ie/news/business/2016/0927/819578-commerzbank-jobs/

Recently I mentioned John Pilger’s quote about denial and truth.

http://www.independent.co.uk/news/m...enied-then-itrsquos-probably-true-959206.html

Now here we have the first official denial:

“On Monday, the bank had denied suggestions that it had asked the German government for help in reducing the fine.”

http://www.bbc.co.uk/news/business-37484397

Of course not to mention Greece, Italy, Spanish, English, Irish US, Chinese, Japanese and Portuguese dodgy Banks.

And people wonder why I hold physical Gold, Silver, Cash and a healthy collection of fine Scottish single malts!!!

Mind you if I didn’t know any better I would say that many of these banking gagsters are hiding out in Puerto Banus Andalucía going by the number of Ferrari’s and fancy cars I saw there last week.


https://www.google.co.uk/search?q=p...BGoQsAQIJA#tbm=isch&q=puerto banus fancy cars

Next time I travel to Europe you would be most welcome if you get the return fare’s I’ll get them on the way back!

Cheers and very best regards: Andy