I am certain that you remember Lehman Brothers and the “chaos” that it created when it ‘failed’. If you think that the Worlds’ Central Banks are now wiser and consequently will not allow another similar event to occur, think again. We will not only see a repeat of this occurrence, again, but it will be exponentially larger than Lehman’s was!

On June 29^th, 2016 the IMF stated that “among the [globally systemically important banks], Deutsche Bank appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse,” reports The Wall Street Journal.

However, if you were to believe that statement, why should you be concerned about a German bank and how it will affect you while living in the U.S.? The IMF adds: “In particular, Germany, France, the U.K. and the U.S. have the highest degree of outward spillovers as measured by the average percentage of capital loss of other banking systems due to banking sector shock in the source country,” reports Bloomberg. The chart below clearly shows the systemic risks emanating out of a Deutsche Bank (DBK) collapse.

Two years in succession, the American unit of Deutsche Bank has failed the FED’s “stress test” which is what determines the ability of the bank to weather out yet another ‘financial crisis’.

Leverage of Lehman vs. Deutsche Bank:

….continue reading HERE

European banks are in a league of their own with massive losses. The numbers are truly Shocking Stats!

Canada hasn’t yet followed the EU wholly as we haven’t yet kept our economy depressed with things like 454 rules governing towels and other nonsense like it. There are however, movements in Canada for just that sort of EU style of government. More from Mike in today’s Daily Comment The Real Problem

Michael’s featured guest, Lance Roberts, on the message of Brexit – DANGER –  highlights the short and long term ramifications for the markets,

Don’t miss Danger Pitfalls & Great Opportunity Mike’s Saturday Commentary 

1. The Age of Consequences –

by Michael Campbell

“All the selfies in the world won’t change the fact that we are in the Age of Consequences, and Brexit is just another check mark”

….continue HERE

2. It Was Incredible, Extraordinary, How To Take Advantage of Exciting Currency Volatility

by Jack Crooks & Michael Campbell

In the aftermath of one of the wildest currency moves in history as the Brexit panic wipes $2 trillion off world markets – Jack’s advice on how to handle these dramatic, volatile and frightening markets

…..continue reading or listening HERE

3. 6 Big Eurozone Banks on the Brink

by Martin D. Weiss Ph.D

If you think Britain’s exit from the European Union is going to be a shock to the economy, wait till you see the potential dire straits of Europe’s most vulnerable banks.

….more HERE

Canada is not about politics, special interest groups or the culture of complaint – not even close. The incredible people that make up this country, those who show though their actions they are dedicated to the service of fellow Canadians

Don’t miss Michael’s Mid-Week Comment: It’s Just Not Business As Usual