If Deutsche Bank Breaks $6.40 World in Trouble – Charles Nenner
By Greg Hunter’s USAWatchdog.com
Renowned geopolitical and financial cycle expert Charles Nenner says if there was ever a global canary in the coal mine warning for the financial system, it is Germany’s Deutsche Bank (DB). Late last year, Nenner predicted if DB stock went below $8 a share, “You should be worried.” Recently, DB stock hit all-time lows and now sits around the $7.50 per share level.
Nenner warns, “I see it can hold up to late July, and then it can go to $6.50 (per share). If it breaks below $6.40, it can go out of business. So, it’s a very serious situation. . . . I think all the markets can have a bounce in a couple of days to the end of July. That’s why DB might hold up, but if it gets below $6.40, the world is in trouble.”
This is not a hyped prediction considering the IMF called DB the “most systemically dangerous bank” in the world in 2016. If DB does break $6.40, do we get a daisy chain of default around the world? Nenner says, “It is a very dangerous situation. I don’t think DB is the only one. They just got caught. I think if you look at the balance sheets very closely of other banks, especially Europe and Italian banks, you will see a lot of troubling signs also. I don’t think it’s only Deutsche Bank. It’s much more. . . . If it breaks $6.40, the downside price target is zero. If everybody watches my analysis and it does go below $6.40, everybody is going to run for the exits.”
If DB goes under with its massive book of derivatives, other banks would be in the same trouble as DB. Nenner says, “Yes, if they have to close their derivatives, who knows which bank is going to lose how much? It’s going to be a big problem.”
On interest rates, Nenner says, “At the end of the summer, or let’s say at the end of July, we are going to have a long term rise in interest rates for a couple of years.”
On gold, Nenner says, “A lot of people don’t know that a lot of bull markets in gold are in a deflationary period. We are looking for a long term bull market for a couple of years to come, maybe until 2024. We are fine tuning it, but we are going to go short in the middle of the summer the bonds and go long the gold. I don’t think the weakness in stocks is going to go to the usual September, October and November time period. I think, after July, it will start to be difficult.”
Nenner thinks the stock market will bottom out in the year 2022, and the path from here is mostly down according to his cycles.
In closing, Nenner says, “Gold prices and silver prices will go up. It’s early, and it’s better to get in early instead of when it’s exploding, and everybody knows you have to now be in gold. It’s always the clever money that is basing their money into gold stocks. The price is going much higher. Remember, my upside price target is $2,500. Right now, it is $1,270, and $2,500 is a substantial move in gold.”
Join Greg Hunter as he goes One-on-One with financial and geopolitical cycle expert Charles Nenner.
(To Donate to USAWatchdog.com Click Here)
After the Interview:
There is free information and videos on CharlesNenner.com. For his most recent article titled “Wall Street in the Dark about How Markets Function” click here.
To get a free trial of Mr. Nenner’s cycle research, click here. (If you add the name Greg Hunter to your free trial it will extend it to 3 weeks)
To get a free audio download of this Charles Nenner interview, click here.
This segment is sponsored by Discount Gold and Silver Trading. Ask for Melody Cedarstrom, the owner, at 1-800-375-4188.
Please Support Our Direct Sponsors Below
Who Support The Truth Tellers
About the Author
Greg Hunter
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.
Thank You Greg for having Charles Nenner on.
Amen! Charles’s cycles agree with the scriptures that history(His~story) repeats:
Ecclesiastes 1:9-10 That which hath been is that which shall be; and that which hath been done is that which shall be done: and there is no new thing under the sun. (10) Is there a thing whereof it may be said, See, this is new? it hath been long ago, in the ages which were before us.
I find it very interesting that Charles said the downturn will occur by late summer to early fall and it will be 3.5 years to recover which is a time, and times, and half a time:
Revelation 12:14 And there were given to the woman the two wings of the great eagle, that she might fly into the wilderness unto her place, where she is nourished for a time, and times, and half a time, from the face of the serpent.
Saints you had better get your head wrapped around what happens the first 3.5 years(time, and times, and half a time) of the tribulation and what happens during the last 3.5 years(forty two months) of the tribulation:
Revelation 13:3-7 And I saw one of his heads as though it had been smitten unto death; and his death-stroke was healed: and the whole earth wondered after the beast; (4) and they worshipped the dragon, because he gave his authority unto the beast; and they worshipped the beast, saying, Who is like unto the beast? and who is able to war with him? (5) and there was given to him a mouth speaking great things and blasphemies; and there was given to him authority to continue forty and two months. (6) And he opened his mouth for blasphemies against God, to blaspheme his name, and his tabernacle, even them that dwell in the heaven. (7) And it was given unto him to make war with the saints, and to overcome them: and there was given to him authority over every tribe and people and tongue and nation.
That 7 year period may commence by this fall:
https://sumofthyword.com/2016/10/04/the-rapture-of-the-church-is-after-the-tribulation/
ROB, Ecclesiastes 1: 9, 10 is one of those Scriptures that fascinates me to no end. I have wandered off on some magical mystery tours with those two Scriptures. That is to say, it is fun to let my imagination run wild. In my mind, it is the time before the flood. I’m hungry for more knowledge of that time period. Hints can be found in ancient stone work. Someday, it will all be revealed to us. Right now, mankind can not be trusted with the old technology. We would destroy our selves. It already happened once. Oddly, it is about to happen again. Circumstances are different, but the results will be the same, without some sort of intervention. The same but different.
Oops, I’m rambling.
Yep the first baptism was by water then it will be by fire:
2 Peter 3:5-8 For this they wilfully forget, that there were heavens from of old, and an earth compacted out of water and amidst water, by the word of God; (6) by which means the world that then was, being overflowed with water, perished: (7) but the heavens that now are, and the earth, by the same word have been stored up for fire, being reserved against the day of judgment and destruction of ungodly men. (8) But forget not this one thing, beloved, that one day is with the Lord as a thousand years, and a thousand years as one day.
Luke 3:16 John answered, saying unto them all, I indeed baptize you with water; but there cometh he that is mightier than I, the latchet of whose shoes I am not worthy to unloose: he shall baptize you in the Holy Spirit and in fire:
https://www.youtube.com/watch?v=98Z4HHCzRlw
Thanks ROB. That was a magical mystery tour for me. They talked about names and places I never heard of before. Can’t wait to learn the entire history of the human race.
Please seek the truth of our Father’s history(His~story) only from the scriptures:
John 17:17 Sanctify them in the truth: thy word is truth.
How about the history of the Christians of Saint Thomas?
The first contacts of the Indian Thomas Christians with the Portuguese Christians.
https://www.nasrani.net/2009/11/09/st-thomas-christians-1498-1552-by-dr-mathias-mundadan/
ROB, Thank you for the good advice. I rely on, and have faith in the Scriptures. They guide me.
The Atrahasis – the Akkadian/Babylonian epic of the Great Flood.
https://www.youtube.com/watch?v=2L_8dgUPUQU
TIN FOIL HAT,
sorry about the mix up on the names above. My brain must have disconnected from my fingers. Thank you for providing some interesting videos. I always study the statues and architecture in an effort to understand the messages that are being conveyed. So far, I can only wonder.
“The country was as noisy as a bellowing bull. The God grew restless at their racket, Enlil had to listen to their noise. He addressed the great gods, ‘The noise of mankind has become too much, I am losing sleep over their racket. Give the order that surrupu-disease shall break out.”
Perfect example of such noise:
https://www.youtube.com/watch?v=lap59mKFpLM
Perhaps we deserved the Great Flood.
One more interesting video. I don’t know much about astrology but the lock, at around 11:00, is extrordinary intriguing.
https://www.youtube.com/watch?v=D1Ifepa_O-I
Btw, do you know the I want to thank you for showing interest in these weird matters – not too many people do.
If we subtract out all the politics and corruption, Life is fascinating. I want to learn everything about our hidden past. I enjoy exploring information of all kinds. Thanks go in both directions.
Good going Greg … you got Charles Nenner back for us … and he give his opinion on Germany’s Deutsche Bank (DB) … wow … he said if DB breaks below $6.40 … it will go right out of business … and “he forced us to consider the consequences” if DB goes below $6.40 … its massive derivatives book will begin to implode … putting all the other banks around the world in deep trouble (especially the European and Italian banks) … and as such a systemic banking collapse unfolds around the world “the entire electronic banking system” will most likely freeze up for weeks or months … so Nenner says you just have to be in gold (not Bitcoin) … obviously the central banks of the world will need to begin to print and print and print fiat paper money out of thin air (like the world has never seen in all of recorded history) … it will be “Weimar on steroids” … gold’s price will initially spike upward to $2,500 … as it begins a long multi-year bull market … that will last out to about 2024 … only 2024? … because he feels that as gold and silver prices rise … the Fed will need to raise interest rates (the way Volcker did) … to stop people from putting all their money into gold … and instead try to entice people back into their fiat paper money IOU’s they print up … bank CD’s could be yielding 15% or more in 2024 … and because inflation will be rising at a very fast rate (because of all the money printing) … our politicians in government will then do as they always do and blame all the inflation “on the people living on Social Security” (because they are buying hamburger meat “instead of maggots” for protein) … telling them that “they” must tighten their belts “to control inflation” … so government politicians “will put even more chains on the CPI” (but absolutely “no chains on the banksters” who just got trillions and trillions and trillions in free money to bail out all their Ponzi derivative scheme banks) … so it will be the common people who suffer under the inflationary effects of a massive bankster bailout … if we are lucky we will get a 3.5% Cost of Living adjustment (when the true inflation rate is exploding past 25%) … because “someone has to pay” to help out the poor crooked evil banksters!!
There are many who will say … you are wrong Paul … there will be no inflation … debt will be extinguished and we will have deflation … I say to them “Debt Cannot Be Extinguished” only serviced … otherwise the banksters goose that lays the golden eggs “goes down” … they must print their way out “at all costs” (like Bannon wants at all costs to crush Huawei) … my take is America is on track to having a Zimbabwe dollar … where eventually a trillion US dollars won’t be able to buy an ounce of gold … get it now folks … while you still can!!
As Bill Holter correctly points out … one person’s debt is another person’s asset. Any notion that one half o the ledger can be wiped out without negative impacts on the other side is pure fantasy. Stakeholder’s in those that engage in risky and bad business practice, including eft’s, banks, etc, whether as an investor, or creditor(depositor) will be negatively impacted.
Those who hold real tangible assets, especially food, shelter and a means to produce necessities will be positioned for whatever lies ahead.
paul …,
I enjoyed your analysis. We can’t lose sight of the possible implosion of derivatives and its destabilizing effects. Very dangerous stuff.
William … notice how crypto’s can flash crash even without an implosion of the derivatives markets … https://www.zerohedge.com/news/2019-05-22/cryptos-just-flash-crashed-again
Nenner likely already sees in his charts that consumers burdened with spending an additional $2,300 a year in “tariff taxes” as the China trade war heats up (leading to the loss of an additional two million jobs) will be pulling out of the stock market earlier then the normal October time frame (when crashes usually happen)!! … https://www.zerohedge.com/news/2019-05-20/national-retail-federation-warns-trumps-tariffs-could-be-devastating-consumers
Don’t buy all the hype Paul.
Greg
Greg … If the “tariff taxes” are just hype … what about the coming “infrastructure taxes”?? … https://www.zerohedge.com/news/2019-05-23/shattered-confidence-illinois-government-may-doom-even-good-spending-bill
Yes Paul I have talked about Illinois many times and it is a mess!!
Greg
Bail ins and Bail outs.
Happy Days Greg
Greg,
You tell me if the IMF isn’t worried?
https://www.rte.ie/news/business/2019/0517/1050094-imf-on-german-banks/
Speed up restructuring? That sounds like someone at the IMF just pushed the panic button. The reality is, Deutsche Bank is, and has been dead for quite some time. The only question is who wants help bury it? Germany? Doesn’t have the GDP to handle it. China? They’re buying gold. The ECB? They’re printing money just to stay afloat. The United States? Ditto.
This is going to end in only one way. A global currency reset. There is no other way out of this debut bubble. Delay, delay, delay is not an economic stratedgy. Neither is printing money for eternity. As I have detailed on your site for the past several years, the plans are in place to replace the current fiat system. I know it. You know it. And President Trump knows it. We are just one event away, until everyone knows it. Deutsche Bank could be the one thing that triggers the switch?
It’s 6.68 now.
https://www.marketwatch.com/investing/stock/dbk?countrycode=xe
I believe he means the American Depository Receipts (ADR). It is $7.34
It is how foreign banks are traded in the US Exchanges.
https://finance.yahoo.com/quote/DB?p=DB&.tsrc=fin-srch
FYI.
Jerry, I’m sure Stan is buy those shares hand over fist at this very moment.
Jerry: You have been screaming Doom & Gloom regarding DB for 10+ years. Deutsche Bank is a sound bank – look at the financials. Oh, and when will the economy crash? Haven’t you been predicting a crash for the last 10 years?
Stan,
We have outlined in great detail how they have propped up the global economy. Go back top sleep Stan. Good luck with DB!
Greg
Stan,
Your ignorance is breathtaking. Crawl back under your rock. This is truth. Not your B.S.
https://www.cnbc.com/2019/05/23/deutsche-bank-executives-brace-for-its-most-contentious-shareholder-meeting-to-date.html
Jerry, you’re awfully quick to call someone else ignorant.
According to your repeated postings over the last several years, by this time, the Chinese Yuan has been backed by gold, the US Dollar has ceased to be the world’s primary reserve currency, and military tribunals have begun in earnest.
Is Stan wrong about Deutsche Bank? Perhaps he is, but, he wrote, “look at the financials”. If he is ignorant, as you claim, refute him directly, on point, not on stock price and hype.
S.T.A.N.
You are either in Denial or a Liar. I suspect both.
Did you bet the House OR wish that you didn’t?
See that you are not mixing it with the ‘A’ Listers in Monte Carlo anymore.
As for the Economy…….its all about the Real Numbers….STUPID.
Well it’s below EU 6.40 and nobody seems to be batting an eyelid. European markets are all in the green so Stan does have kind of a point.
Sure Rocky.
DB hasn’t returned a profit since 2008. That’s the sign of a “Sound Bank” in the words of Stan.
What point are you making?
Isn’t the price movement reflecting the inherent Value? Down 80% over 10 years. That’s a remarkable failure. In my book the exposures it has is an enormous risk the Global Financial System.
Markets are painted. Don’t count on them to wake up to DB until it’s 10 mins after midnight.
Like all Fiat currency….DB’s intrinsic value is NIL.
Aside from the money Laundering business with the Russians to the tune of $20BLN….what else is supporting the Bank (the German Govt.)?
It wouldn’t surprise if the Bank is stripped of any of its remaining assets and the shell is Nationalised.
Stock price movement reflects inherent value? I guess you’ve never heard of “Tesla”, or any of dozens of other unicorns.
If you know of covenants or obligations that DB has relating to their stock price, please share.
There’s a difference…at one point DB actually made profits, paid dividends and had a “legitimate” business model.
Comparing bad apples and oranges doesn’t work.
Tesla looks to be heading in the same direction too …. finally.
If I knew of existing covenants or obligations relating directly to share price I would be an insider. In that scenario …. I would be letting the public become aware of confidential information. Not a smart play…hey Occ ???
Blind Freddy can see what’s in store for DB. I’m not a wizard but I do understand business models and metrics, debts and derivatives.
Get back in your cage.
Greg:
Nice job in pulling info out of Nenner. Like pulling teeth?
CYCLES INTERSECT WITH LEGACY COSTS
John Bogle, founder of Vanguard, once referred to guys like Nenner ( but who actually manage client money) as “Buccaneers” who claim to be doing something novel or wonderful that “nobody else is doing” and create a unique market niche for themselves. He suggested these kinds of operators or entrepreneurs thrive in a Bull Market like we have seen since 1981, but many will disappear just as fast in the next multi-year bear market.
When the cycle changes (reverses), and I mean a much longer cycle (70 years long) according to economist Martin A. Armstrong, money will flow out of private assets and into public assets, as it did from 1930-1981. This next major trend change when it occurs (After 2032 A.D. ) will indeed be different. There is also a 350-year cycle, as not all cycles are created equal.
The West ( Europe AND America) will begin a epic waterfall sometime after 2032 A.D. and money will increasingly migrate to Beijing, China which is becoming the new financial center of the world. Money is leaving the Western Developed Nations because socialism has destroyed their economies and laden them with (lard) or too much bad or unpayable debt. We should be hardening ourselves for the coming Sovereign Debt Crisis, v. 2,1. The West won’t come back for another 350 years or so. Cycles outlive all of us by many generations. This one is very big and will outlive the U.S.A. in all likelihood. I have serious doubts America will make it in the future, all things considered. So does Dr. Thomas A. Sowell, retired Economist and author ( T.V. interview earlier this year).
In fact, Martin A. Armstrong has written a special report ( $300) last year about the ongoing Sovereign Debt Crisis ( the coming Public Pension Crisis). It will mow-down everyone in its wake eventually because according to the Pew Research Group, all public employee pensions in ALL states are underfunded, some more than others. Few have taken the needed reforms to keep them solvent. About one third of them are only funded to about 66% of the assets needed to pay out all the promised future benefits to retirees. One of the worst cases is the Dallas Police and Fireman’s Fund (Pension), which only has 33% of the assets needed to make its contracted benefits payments in future years. Needless to say, Dallas area property owners will likely be facing a series of property tax increases, such has occurred in other “incompetent” states like Conn.
So, future public liabilities for all property owners is open-ended and your house is the collateral. This is why socialism is doomed and governments that adopt it are going to collapse ( French Revolution Style?). Real Estate has many financial risks including exposure to local underfunded public employee pensions. The risk is pretty much open-ended. Better relocate to Florida while the market is still liquid.
The statutory minimum for a pension to be considered adequately funded is 80%. Poorly managed State Pensions like CALPERS can not possibly meet their required total returns every year to remain solvent long term. So, taxpayers are on-the-hook for the annual deficits. Last year, the Calif. legislature gave an extra $5 Billion from the General Fund earmarked to CALPERS and CALSTERS. This is a annual, reoccurring additional budget expense now.
After last year’s -20% stock market drawdown, they are hopelessly behind with CALPERS COLA’s paid out every year to public retirees. So, this June 4, a new proposed property tax increase of $160/1,000 square feet of “improved” space ( house + garage) is on the ballot for L.A.U.S.D to fund their public teachers pension plan, CALSTERS, also in-the-hole. That is just a start or down-payment. Reportedly, on the ballot for Nov. 2020 will be a new California Inheritance Tax with a exemption amount of $3.5 Million. The State of California will confiscate any amount over this limit at a rate of – 40% !!! Mind you, most suburban homes in Southern California are currently worth about $1 Million (on paper) at current offering prices.
When the late bloomers with more than a $3.5 million net worth figure-out how bad this will affect their family finances or legacy they may sell, probably all at once. A great many home owners in upscale areas like La Canada will try sell their $2 Million dollar homes and move out-of- state to protect their children’s inheritance from Gov. Gavin Newsome ( The Pilferer ) . By 2021 it may be too late for most of them, as the market is rolling over now. If a bunch of high end homeowners in L.A. County and other California jurisdictions try to sell in a down market, it will freeze-up. Then everyone is stuck and has to ride it down to the bottom of the real estate cycle, probably -20% down from today’s listed prices. Get the picture. All this is for CALPERS but you won’t read about it because Californians don’t want to confront reality. I suggest Reality is soon going to confront Californians.
It will be a very hard lesson for many of these people to see their hard earned life’s work taken away from them by all the have-nots and the political elites at the ballot box. This is going to be a financial theme in future years for most all of America too. Nobody will get out unscathed by the time this cycle is done. Nobody. The public pension crisis will spell the end of Socialism or even the end of our way of life, as we have come to know it. The potential financial changes are going to be like a big earthquake, or worse for America, but first, an example: California. Better start paying close attention. I will bet $ very few are or will. Lemmings (the crowd) headed for the cliff ? Our collective I.Q. is maybe 85 (Clinically dumb). Extension event? Time will Tell.
Thanks Greg, good interview with Charles Nenner and pulling the info out. He gives the bullet points willingly but is always light on details until the right question is asked. Nenner is right on with his comments regarding investors losing big bucks while trying to glean the field. It’s much better to stay disciplined and sell into strength. But what do I know, I’m totally out.
As for the word getting out, this interview is already on Zero Hedge …
“Nenner: If Deutsche Breaks $6.40 “The World Is In Trouble””
https://www.zerohedge.com/news/2019-05-22/nenner-if-deutsche-breaks-640-world-trouble
Good timely interview Greg
old investment saying that nenner need to apply now
“Pigs get fat – Hogs get slaughtered”
Fantastic interview Greg and Mr. Nenner.
I must say Thank You! to Mr. Nenner. We use different ways of getting there but hit almost the same date for the cycle. Awesome!
Lo Iyrah!
Shaloom,
CC
Greg: I agree with Nenner that income producing property is worthwhile to own with a caveat. For many years I was in real estate development, including the Multi-family for rent sector. In a major downturn, a recession brings much pain to apartment complex owners, especially those units for working families. The vacancy rate increases dramatically, revenue falls dramatically and that together with higher local property taxes needed to offset the decline in municipal revenue is very painful for owners of apartment complexes, whether 4 unit or 400 unit. I would rather invest in arable land or gold. All income producing property is dependent upon the viability of the tenant. If the tenant cannot survive a major recession, then neither will the landlord.
Owning a 30 unit apt. complex, I agree with andyb, he’s right on the money. I’d like to add that, at least in my area, we are getting more and more tenants trying to survive on SS and SSD. If those checks are cut or eliminated we are in big trouble. Solely dependent upon the viability of the tenant, IN YOUR AREA. Still on the fence about selling or holding the property.
Judy: get to know your local HUD guy (or gal). Discover the procedures for registering your units with them for subsidized housing availability. Unless of course your units are in an upscale neighborhood where subsidized housing is either frowned upon or illegal. A potential fallback position for you. Note that I had about 5000 units under this program and it worked for me during the early 70s when oil spiked and interest rates rose to 20%.
I think what Mr. Nenner is suggesting is that rental property has income producing value and if you continue to own it after something hits the fan and the normalization process commences, you will have a reasonable opportunity to benefit from that asset. If the bank owns part of it (its not yours and will be lost). if you are unable to hold onto it while tenants cannot pay, of course it will be lost. Depending how bad things get, those tenants that are decent and you help, will forever show gratitude. If you are in a position to keep them in a decent condition, even if your “wealth is reduced” you will have lived a worthwhile life. When things improve and normalcy is re-commenced, you will be better off than if you have stocks and bonds of the insolvent.
Greg a few points:
1) If DB is in immediate danger of going under does Charles or yourself really think the Central Banks won’t prop them up? Couldn’t rule FASAB 56 come into play?
2) Gold in an upcycle soon? Does Charles methods account for the Derivatives that control the metals market as Greg Manarino so beautifully illustrated a few weeks ago?
3) “narratives not fundamentals run the market” This is 100 % DEAD RIGHT!! Had to get that in there. Interview was worth it for that alone.
Thanks and keep up the good work!
Good points Anthony.
FASAB 56 is terrifying.
Anhony,
Fasab56 applies only to government accounting, not all accounting. You see, Uncle Sam gets to exempt himself from the rules if he does not like them. Besides DB is a German bank not an American bank and FASAB56 is US only. That would be like trying to collect New York City sales tax on the sale of a dozen eggs in Berlin, Germany. Won’t happen.
As far as the gold derivatives: at some point all derivatives will go to zero or hyperinflate and cannot be redeemed. Gold is gold and physical can be held in your hand and can be put into your safe but, derivatives are ultimately going to zero which is their true worth.
Now, your last statement is that “narratives run the market”. As of now, yes they do. But when everyone is left holding paper with which they can wipe their nose or their butts, reality kicks in. I have watched four countries dissolve while I was in them and everything you know to be true is going to be crap in the morning when reality kicks in. I have seen 85 lb. women kill to save themselves and their children and they did it with a paring knife. When fear kicks in civility goes out the window. I could say a lot of other things but they are obscene and I won’t say them. America has been insulated but, when the next one hits, if you live, you will not recognize how bad it will get.
Lo Iyrah!
Shalom,
CC
How very true.
FASAB 56 allows the US government to hide reality from the public and is an atrocity. Longe before its introduct FASB (the US) and the International Accounting Standards board adopted Mark to perceived value (as opposed to mark to market), This change single handedly mad all banks viable again while liquidity was being restored. It also allowed the orgy of financial misconduct to carry on … whether that orgy ends soon r continues to be postponed, a day of reckoning is an absolute certainty.
Someone described it as being a Twitter Economy.
I’m buying Deutsche Bank hand over fist. See you at $25 next year.
Stan,
You were buying at $9 weren’t you? How did that work out?
Greg
Still holding all my DB shares. Mario Draghi will never let DB fail.
Stan,
“There’s no place like home. There’s no place like home There’s no place like home”!!
Greg
Stan,
Can you say 6.35 ?
https://www.theguardian.com/business/2019/may/23/deutsche-bank-shares-slump-further-as-fallout-from-bad-press-continues
40% loss in one year. How about that Stan?
How about your prediction of 25.0 a few months back? Admit it. You’re nothing but a snake oil salesman selling a pipe dream. It ain’t ever going to happen. As far as my predictions? The numbers don’t lie. It’s just a matter of how long the PTB can delay it. But guess what? They can’t stop it.
Greg,
Why waste your time with that knucklehead Stan?
Dont you know he’s smarter than all of us put together including Nenner? What could wrong?
https://www.marketwatch.com/story/deutsche-banks-money-laundering-scan-has-glitch-2019-05-22?mod=mw_quote_news
Thanks Jerry. DB still in record low territory. Wealthy people around the world watch this website. Do you think they are scared. Do you think that the ones holding DB are thinking about selling? Do you think some of them sold their shares today? I think the answer to all the questions I asked is YES.
Greg
Greg,
Any pressure on DB coincides with their willingness to release Trumps financial statements, will be interesting if they back off and then the pressure is removed.
Mohammad
Greg,
There is no proof that wingnut Stan actually bought DB stock. Deutsche Bank is coming apart at the seams.
https://www.cnn.com/2019/05/23/business/deutsche-bank-meeting/index.html
The stories of investors buying Deutsche Bank are greatly exaggerated. Even insiders at Morgan Stanley know it’s on life support. Trust me Greg, I buy foreclosure property all the time. There is no investor I know that would invest on the front end of a default.
DB is under assault just because they agreed to release Trump’s financial statement upon request .
Once that position is changed the pressure will be gone and they will be back to business as usual.
Mohammad
Stan,
Keep doing it.
Russia will never let it fail, it is their clearing house.
Mohammad
Give it a rest Mohammad, you are wearing me out.
Stan,
The quick and the dead. That rumbling noise behind you is a steamroller. Don’t trip or stumble. If you do, it will take a pressure washer to get you cleaned off the pavement.
William … the important thing to remember is not whether San makes a profit or not … but what Charles Nenner said: “If Deutsche Bank Breaks $6.40 The World in Trouble … well … DBK stock just hit a fresh all time low of €6.35 per share … The World Is In Trouble!!! … https://www.zerohedge.com/s3/files/inline-images/DBK%205.23.jpg?itok=Hm_5SPmf
A fool and his money are soon parted.
I’ll be interested to see if the slight of hand and the worlds credit card works here again as some other places. A friend told me the same thing to buy. Is the problem so big it can’t be saved? I guess I should direct this comment/question to Greg. How many snowflakes on the roof does it take? Could some other entity take the hit and be a sacrificial lamb like Leman?
In my lifetime, I have never bought a single stock or bond. The only cycles that I have been aware of is work cycles. Work is really busy. Work is really slow. I have always focused on tools and equipment. My whole life has been spent in the trenches, so to speak. Always struggling to make a living in spite of a huge amount of labor being put forth. With this sort of life time training, I guess I am well positioned for what ever may be coming.
Things are tough? Whats new? My only saving grace is I know what it takes to get a job done. For me, a financial expert is simply a gauge. I watch the gauge to try to figure out where we are as a world economy. I’m very intrigued about the cycles that Charles talks about. Cycles make sense to me. You could say that I am trained to ‘awareness.’ But still ignorant on making money with money. I have always made money through hard labor. That is the way I grew up, that is the way I grew old. The world has changed, but I haven’t.
That isn’t entirely true. I know how to adapt to changing situations and circumstances, based on the latest information.
Twit……very honest and real comment…….good observation and self awareness
Thanks Steve. I always strive for honesty.
I bet there are several investors who wish they were like you iwit.
Thanks Diane. I went Long on labor. It wouldn’t be for everyone, but it worked for me. I seemed to have been mechanically inclined since birth. The path I followed, was natural for me, having a life long fascination with machines. Especially if the machine has wheels. For 4 years the machines that I tended had wings. C121 Super Constellation. Super Connie for short. Typhoontrackers.
Typhoon Tracker VW1
According to Bannon the US must destroy Huawei … even if it means destroying American jobs? … https://www.zerohedge.com/news/2019-05-22/bannon-says-destroying-huawei-more-important-striking-trade-deal
Paul,
So you are for China? A total communist one party country with zero rights for its people and a newly installed dictator for life?
Greg
N0 Greg! … What I’m saying is … that China will not now be “for the US” … chances of any Chinese firm doing a big deal in the US to help rebuild our infrastructure … and bring more jobs to America … are now virtually zero!! … https://www.zerohedge.com/news/2019-05-23/chinese-companies-wont-buy-trash-can-jpm-banker-says
Retaliation of this magnitude is not anticipated.
Markets are now sensing and reacting to the repercussions.
No more threats. There is definitive action.
Expect the semi’s / tech’s to be hit with lost sales and revenue. More unemployment headed our way.
Since when did we give the Government the right to determine our spending behaviour? I see that the reaction in China is now about convincing the Public at large to withdraw any purchases of American Products. Isn’t it ironical. I-Phones assembled in China are now on the “Do Not Buy” list in China.
Huawei is a real threat to the Leaders in the Field (Apple/Samsung). In fact it is leading in one currently.
America’s retaliation to the Globalist Agenda (Installing China as the new Heir) is to ensure China doesn’t get a clear run. China’s initial reaction in late 2017 early 2018 was to divest itself of US Bonds. This brought about the tariffs, currency war and now Trade Wars. This is history repeating….. plain and simple.
Silver and Gold
I’ve been investing in miners the last 5 years. Terrible results. I’m sure they will eventually go up. I am 70 years old. Maybe I’ll still be alive when they go up.
Sinclair’s TRX has been a complete disaster. My biggest loss.
Lithium stocks did me over. Never the markets again.
Charles, Anthony … Avoid all corporations (that can go out of business in the coming financial crash) “even if they are precious metal corporations” … and concentrate on buying “physical” gold and silver coins “that will never go into default” in an economic collapse … a worldwide economic collapse will take most of the small precious metal companies down (who almost always never have the funding in place to get the mine into production and need investors to put the money up)!!
Charles I do not believe your losses especially in TRX (which has a viable resources and perhaps more along with good honest governance) are a function of anything other than the markets contempt for PM miners … the best time to buy is when prices are low (sometimes they go lower especially when the underlying commodities are being smashed with paper based fraudulent contracts). A smart person only invest in real things and speculates on that which it can afford to lose. I hope you have been smart and are patient. (PS I have been investing with varying degrees of success since before black Monday … I have never endured a more trying and difficult set of conditions then we have faced since the gold bear of 2012-3 began … it has been very discouraging, I have not capitulated and I have recently been adding positions in miners.)
With Le Pen leading in the polls a disparate hodge-podge of Euro-philes and Euro-phobes are going to try next week to agree on how to reform and continue European integration … good luck with that “if both” England and France exit!!
The people of England have won over the banksters with Nigel Farage … https://www.zerohedge.com/news/2019-05-22/theresa-may-reportedly-resign-hours … now it is time for the French people to win over the banksters with Marine Le Pen!! … when will Americans win over the Fed???
The US neocons must really need Turkey as a launching pad for an attack on Iran … why else would they be launching “a full scale economic attack on their ally” Turkey? … it can’t be solely because Turkey is buying non-American “defensive weapons” … seems more then likely they are trying to take out Turkey’s government … so they can launch an invasion into Iran from the North using Turkish troops!! … https://www.zerohedge.com/news/2019-05-22/lira-tumbles-turkish-stocks-enter-bear-market-after-us-issues-ultimatum-russia
Paul,
You never answered my questions. Are you an American? Where do you live?
Greg
I live on Planet Earth in a country called the United States of America … however although I reside in America … I also want Planet Earth “not being put into a nuclear winter” by some crazed neocons who need another war to support their trillion dollar offense budget … patriotism for ones country “includes preventing the world which that country is attached to from being blown up” by some idiot warmongers in a Preemptive Nuclear Holocaust!!
Forgot to mention … “I am an American citizen” and I worked for the Department of “Defense” for 35 years!!
Paul,
What did you do for the DOD? Why do you think the USA always has bad intentions and our opponents always have good intentions? So, if USA gets nuked/attacked it’s OK? We deserve it? You are very one sided, I don’t care who you worked for.
Greg
Greg … I worked on developing nuclear weapons for “defensive purposes” … I know the very real destructive power of nuclear weapons … and “I feel betrayed” by neocon “morons” who go around with a chip on their shoulder like a bunch of bully’s and want to use these dangerous and lethal nukes “preemptively” … these weapons I and other Patriots developed were built for defensive purposes [so the USA would never get nuked or attacked] … the purpose was to “deter a nuclear attack” by evil neocons with bad intentions in foreign lands … not used as “an offensive preemptive weapon” to do regime changes around the entire planet!!
As for “bad intentions” … it’s all the US neocons who did 9-11 “who hate America” … not Patriots like me who worked all my life to defend America!!
Paul,
Rest assured, NUKES WILL NEVER BE USED, reason for that is simple and it is proven daily , just look at it and you will see it, the order of TPTB is slow burn with civil wars, they want the earth intact but depopulated, they will never allow earth to be inhabitable , that is what they plan.
all the noise is just to put pressure on the small pawns, ALL ARE IN CAHOOT.
Mohammad
Paul Don agree that Trump is an idiot warmonger. Show some respect in all your blather
Bill … 88 percent of the American people Do Not Supported a pre-emptive US attack on Iran … do they all think the USA “always has bad intentions and our opponents always have good intentions”? … No! … they simply see such an attack as being immoral!!
Paul,
I just heard the President in a news conference and he did not say U.S. was going to do any attack at all. He said the U.S. is prepared if Iran attacks and Iran has made threat many times.
Greg
Paul,
Turkey is the clearing house of Iran, they bypassed sanctions through Turkey.
Also keep in mind that Turkey revealed locations of all US bases in Syria and made it public.
Turkey is been denied access to EU / West
They are leaning east bound to Russia.
Mohammad
Iran and Turkey are on the same page … At least for now.
They both share hatred too S.A.
Turkey is smart enough not to get involved in an armed conflict.
Russia is the mediator.
Mohammad
Greg you have lost your credibility over Trump and the last year.
Your onesided presentation on what China does and did forgetting all the stuff your government did first Sets you equal with CNN.
What a compliment.
You lost objectivity.
Manerino – a friend of yours – I like much more, as he keeps his objectivity – so sad you got lost.
Watchman,
What you are really saying is my view disagrees with yours and therefore I have no “objectivity.” That’s not going to work. You cannot shame me into your point of view. So you are for the communist Chinese with a newly installed dictator for life. You do realize you are on a website called USAWatchdog.com?
Greg
John van de graf
vor 38 Minuten
https://www.youtube.com/watch?v=9HCqbQr2v0M
hey greg ,greats from germany .
this man is dr .markus krall he is the bank risk manager for 80% of all banks in germany. and europe
he wrote a bestseller call ,the drahgi crash
the party starts next yaer ,the banks make minus becouse of negativ interest rates .its a big mess.
start with min,25:55 you need german for this , just see the numbers
Greg, All the pieces coming together now…The gov. blocked the defense from getting the documents they wanted/needed at that hearing yesterday…so they can continue to hid who the informants were in the trucking part of the uranium thefts? of Transport Logistics until when? after they get rid of Trump? because the same ones in the coup have actually been doing this for a decade and are the same ones being used in the coup of Trump! So how did Trump do what they are trying to hang on Flynn and Trump if the op is over a decade old?
Uranium One Analysis here= https://youtu.be/w3c30KKW1ks
and court follow-up here = https://youtu.be/gSCTSrQT_cg
explains a lot -eh?
Interesting how the ‘evil Satan’ as Iran calls the U.S. is actually providing them centrifuges, money, and uranium for their Manhattan Project all while we are supposed to be getting ready to go to war with them? lol Appears to be all theater for the sheeple taxpayers who are duped into paying for it…and for all the natural resources being taken from under the unsuspecting farmers and ranchers by corrupt politicans and their alphabet agencies… If this is ever proven out…maybe THAT is why they are legalizing hemp….so we have enough rope to hang em all as H.W. Bush lamented! lol
However….we must at the same time believe that the very guy who helped cover up the Iran contra affair = AG. Robert Barr would actually prosecute who? The people at the FBI who are covering up the evidence, the informants, and employees of the very agencies entrusted to catch themselves it would appear? Seems we will need another set of investigators to investigate who is investigators the investigators and have over sight over the overseers of those in the Senate and House who are knee deep in this massive theft/fraud and mis-use of taxpayers taxes and natural resources?
There can be no doubt or words and panic for what might be the minds of so many of those of the swamp…and their desperation to hang this decades old program on Trump to escape the hangman’s noose and keep their wealth from being confiscated. lol
Greg,
This is the real risk in 2020 elections, electronic voting, why not going back to papers and pens to mitigate the intrusions from foreign adversaries that could be simply done with a strike of a pen (pun intended).
Mohammad
Let me be sure I understand this: Nenner is saying that gold will be ONLY $2,400 in 5 years? That’s all????? Not even a double from today’s price??
Something is very fishy here. If Nenner really believes this then why recommend it at all? Why doesn’t he just short the market?????????? You would make MULTIPLES of that!
I do NOT believe his gold call….. He is not leveling with us for some reason. Hard to trust someone who seems cagey on so many of your questions!
Walter,
He’s a trader at heart and that is his current price target according to his charts.
Greg
Martin,
When questioning Mnuchin in the congress yesterday none of the Reps. Democrats or republicans asked the serious question:
WHY THE HELL ARE WE SELLING GOLD TO CHINA AND RUSSIA AT A DIrT CHEAP PRICE?
Comex criminal activity is still going on under the beloved worshipped “THE ONE” sitting in the WH and both China and Russia are piling up gold and silver.
Nothing has changed whatsoever.
I see it : One side is a Russian puppet and the other side is Chinese puppet and we are under the Ponzi that no one in the decision making position is talking about. NO ONE.
ALL ARE IN CAHOOT.
The rest of what you see daily is just noise.
Mohammad
Mohammad, The word is called….INFILTRATION…of the U.S. at every level since the WW’s … Earlier posts show who funded and helped build up both Germany and Russia… also who overthrew the Emperor of China who tried to clean up the opium problem…and the help of Levi Epstein, /Sidney Shapario to stand up Mao to oppose him…while Mao was right there after opposed to keep the flow going via Chaing Kai Shek, and the Flying Tigers… Striking the same MO used in Vietnam= Air America … Wish those here would follow Mcduff on you tube and others to see the truth of so much…and the killing of JFK, his brother exposed in many long hidden rare books…but I digress.
Would be nice to see POTUS release ALL JFK files which would certainly cast a light on what is behind the currret coup on Trump.
Many truths herein that the overwhelming public has no or little clue of:
https://youtu.be/PEUN0fSBP1U
https://www.youtube.com/channel/UCiAai8IYbDua9mujrNfIVbg/videos?disable_polymer=1
https://youtu.be/3CiIdmbxPqI
https://www.amazon.com/Unaccountable-Accounting-Abraham-J-Briloff/dp/B003L1YPG0
Gray Alliance = Organized Crime and the JFK Assassination w/ Jeff Gerth and Dr. Peter Dale Scott (KPFK, 1975)
https://youtu.be/ujlsYbJzvpQ
Any wonder why Congress and agency insiders DO NOT want POTUS to declassify ALL the documents let alone the JFK files or a new investigation of 911? lol
Megatons to Megabucks of stolen and sold nuclear material by gov.t insiders = uranium one? Same ole crew that moved on from drugs to nuclear material?
https://youtu.be/Q01IDLjprUI
https://youtu.be/bZBeFdIutVg
https://www.youtube.com/channel/UCrQ-wHKVi0JDWjQGcuoYnew
https://twitter.com/GeorgWebb
Compare the above with what Fox New is reporting/omitting?
How do you say Charlatan in German ?
Scharlatan.
Mannarino says the fed is going to lower rates and many agree. Nenner is on the opposite side. July is the Month to watch. I want this market to correct and get back to equitable price discovery.
Either way I don’t know why Trump is thinking he can build on a weak foundation, this market has been propped up with air too long, it’s weak! It must correct ! Then Trump can build on it.
“Layoffs are starting to come fast and furious now” that China has indicated it is very serious about imposing retaliatory sanctions on the US … corporations are moving with lightening speed to prevent the red ink they clearly see coming … https://www.zerohedge.com/news/2019-05-22/even-recession-has-officially-begun-large-us-firms-are-laying-1000s-workers
AG Barr puts US neocons on notice … because it’s “not our country right or wrong” … it “our country doing things right”!! … https://www.zerohedge.com/news/2019-05-22/attorney-general-barr-puts-former-intel-bosses-notice
GREG; It appears that the deep state is about to hit the panic button. They are going after Trump Jr, threatening the big I word, going after his taxes and anything else they can dredge up. It will be interesting to see how it will play out between Trump and Nadler who hates the President . The politics of our government is nothing short of a total disgrace. The Democrats know it and cold care less, and people will walk into the poling booth next year blindly pull the democrat handle.
Canada’s Prime Minister Trudeau announced today an expenditure of $15.7 billion dollars for the construction of 18 new ships for the coast guard. His defense minister was standing with him when the announcement was made. Canada’s federal debt currently stands at around $688 billion dollars. As far as the Queen’s HMS frigates are concerned, I’m surprised they still float !
Could this be the reason Canada doesn’t have the money to take their garbage back (they were dumping on Duterte in the Philippines)?? … https://www.zerohedge.com/news/2019-05-23/trash-wars-duterte-orders-tons-garbage-shipped-back-canada-or-dumped-territorial
John Walker Lindh, The CIA, & A Clueless Booboisie
Kurt Nimmo May 23, 2019
CNN has its preassigned agenda—support for endless war, support for economic sanctions leading to humanitarian crises, and above all support for the NOW “not right-wing neo-con” BUT “now” neo-liberal, DEEP STATE DEPARTMENT, racketeer, con artists!
Throwing detainees from an “air-plain” (sic) was a favorite tactic of sadistic Operation Condor dictators in South America, a sprawling operation orchestrated by the CIA and Henry Kissinger to abduct, torture, and kill those who had a problem with life under the iron-fisted rule a brutal military dictatorship.
The CIA’s fingerprints are all over al-Qaeda, the Taliban, and the Northern Alliance. Lindh was fighting with the Taliban against the Northern Alliance, a group led by Ahmed Shah Massoud and heavily courted by the CIA. Lindh would later say he was outraged by Massoud’s human rights abuses, including child rape and castration.
If Lindh is indeed a threat to society, we can blame the CIA in large part (along with Pakistani intelligence) for his radicalization.
The CIA flooded Afghanistan with violent textbooks pushing the Wahhabi version of jihad. Mujahedeen leader Jalaluddin Haqqani became a direct asset of the CIA in 1986, according to author Steve Coll. The CIA showered money on Mujahedeen leaders. After the Afghan Mujahedeen and the CIA drove the Soviet Union out of Afghanistan, members of the Mujahedeen split off and organized both al-Qaeda and the Taliban.
Here’s something we rarely if ever hear the corporate propaganda media mention (as it runs counter to the fairy tale)—the US supported the Taliban after the Afghan Civil War. You won’t here about that also from WallBanger and the savage Michael!
https://freedomoutpost.com/john-walker-lindh-the-cia-a-clueless-booboisie/
Greg,
Seems the DB is not reversing course and this is their answer to the attack on their shares:
https://www.zerohedge.com/news/2019-05-23/deutsche-bank-plans-cuts-us-equities-business-reuters
Translation:
They will still release Trump’s financial statement upon request.
Mohammad
Mohammad,
Yeah the Mueller witch hunt missed this in it’s 2 year investigation.
Greg
Greg,
Mueller report is not complete because he was denied access to financial transactions by POTUS when he blocked his taxes from Mueller.
You can bluff all day long , but you and me and any one with 2 brain cells synapses touching each other know that without money trail there is no investigation that is complete. IT IS BOTCHED.
POTUS denied Mueller and congress access to his taxes and his son’s because he knows the SMOKING GUN IS THERE…!!!
You can fool shallow minded people but the matter of the fact is, without money trail investigation nothing can be proven.
Let’s see if DB weathers the attacks on his shares and releases his financial statements, I am praying they do so truth is revealed.
Mohammad
Mohammad,
Please stop with this Fact-less crap!!!!!!!!!! Mueller had access to everything.
Greg
BS…!
He did not , his scope of investigation is narrow by the mandate:
https://thehill.com/opinion/criminal-justice/440970-did-mueller-peek-at-trumps-tax-returns
“The Mueller report was fastidious in its adherence to the directive provided the special counsel’s team — investigate allegations of Russian election interference and evidence of any coordination by the Trump campaign with that interference. How would Mueller justify requesting Trump-related tax returns from the IRS with regard to investigating the narrow directive noted above?
It’s entirely possible Mueller did not look at Trump’s tax returns or financials.”
It is the congress that has it and that is why Mueller laid out the map for the congress to do it and that is why POTUS is obstructing the access, CONGRESS has the ability to follow the money.
Mohammad
So Get Trump anyway you can is what you believe???? This is outrageous and beyond the oversight of what Congress and the House should be doing. The House is supposed to investigate where the money it appropriates gets spent. Not someone’s tax history from the 1990’s. This is pure abuse of power.
Greg
If there are proven favors from the Russians when they bailed his failing business model back then, it is a grave danger to omit.
It is only the blind that does not see the Russians wanted him in.
The only way of finding is the congress judiciary committee looking at his finances, that is their right to do so. Mueller’s scope does not extend to looking into his finance congress does.
What does he fear?
What does he hide?
Mohammad
Mohammad,
You see how much the democrats lie? You have heard Nancy Pelosi talk of the wrap-up smear> https://www.dailywire.com/news/36860/watch-nancy-pelosi-explains-wrap-smear-technique-amanda-prestigiacomo This is what they are going to try and have been trying to do with the President. If they did this to you buddy Obama you would be bitching your head off. How about unsealing Obama’s college transcripts that have been sealed tight? No more comments about this.
Greg
I have no lost love for his 8 destructive years.
That does not change the fact:
To know if there is any connections to the Russians POTUS has to release his financial statements especially DB.
I hope DB bank will do it , when the truth is revealed I will come back to remind you.
Until then he is just obstructing.
Mohammad
So where is the Department of Justice when it comes to issuing 17 counts against Hillary?? … is it going to be Justice for all … or only justice for one??? … https://www.zerohedge.com/news/2019-05-23/assange-faces-death-penalty-doj-files-espionage-act-charges
As Jim Rickard’s says: “There’s a big difference between confronting China … verses some weak nation that doesn’t have as much leverage” !! … https://www.zerohedge.com/news/2019-05-23/trump-vs-world-jim-rickards-warns-will-get-ugly-fast
CN…Why is DB in a Dangerous situation as a SIFI and why is the IMF concerned?
You never answered this question directly. Your response was “Cycles, Momentum & Price Targets” !! What happened to the FACTS about DB Derivative Book? What about non performance of the Bank’s Capital…ie. ROI? What about the Capital Deficiency? What about it’s Loan Book. What about the Third Party holders of the Bank’s Junk Bonds (Baa- sub prime)?
You also said “I Think it is much more”….referring to other Banks having similar issues in Europe. YOU THINK !!!…..Shouldn’t your comment have a more robust argument…..you have facts…you study markets…..and yet you throw in the proverbial …..”uncertainty”. What gives?? This is a serious issue and it requires a unequivocal response.
Oh BTW….we have our own champions right here in America too.
Derivative Books of Citigroup, JP Morgan, Goldman Sachs, BOA, Wells Fargo, Morgan Stanley collectively have over $200TLN in Derivative exposures. GS alone has 41x its Capital in Derivatives exposure. Others (Citi, JPM, Morgan S.) are closer to 25x. That’s not healthy and is this climate highly inflammable.
What Charles omitted to mention was that even if the Markets may head south from after July, not all stocks will suffer the same fate. With Precious metals doing well in that environment (until 2024) then miners would do exceptionally well. If one studies what transpired during the Great Recession and Crash of 2007-08 , evidence is there on how the miners reacted. Initial downside but tremendous gains in the subsequent years. I know because I had skin in the game.
Nenner is very non committal with his thoughts. I find that rather peculiar. He doesn’t make a solid argument and comes across as being aloof and gives off an elements of uncertainty and non convincing argument.
I disagree K.
I thought Nenner was direct on many things including the markets, bonds, interest rates and gold. Nenner is not all-knowing but he did give a $6.40 downside price on DB stock and then $0 from there. He also did mention the derivatives who know what banks would have losses. Not everybody can be a smart as you.
Greg
You have to admit that Nenner is “hard work”.
Like trying to get blood from a stone.
Why is he so non committal and not forthcoming ?
None of your other guests (experts) have his approach.
Recent advances in biomedical neuroscience engineering means that one day very soon “The Fake News Media” won’t have to print paper newspapers any longer … they will (for a small fee) simply “beam their CIA supplied crypto propaganda Op Ed pieces right into the neurons of your brain” … they will instantly know your response to their “fake news” and can therefore modify and tweak it … so they can lead you to do anything they the want (mind control) … seems wearing tinfoil hats to shield our brains from their 5G waves will be our only protection to prevent their intrusion and invasion into the privacy of our own minds and thoughts!! … https://www.zerohedge.com/news/2019-05-23/darpa-wants-create-mind-controlled-weapons-war
Knowing “what the evil neocons are up to” is very important … if you ever hope to keep your privacy (and your children’s thoughts of what liberty means) alive in the future!!
This is not so much a big deal for us Americans (who have our 2nd Amendment still in place) … but it is revolutionary for countries like Australia, England, etc., etc. … as it gives gun rights back to the people of the world who’s right to own a gun has been taken from them by their cgovernments!! … https://www.zerohedge.com/news/2019-05-23/theyre-back-3d-printed-guns-are-unstoppable-and-here-stay
Indian Prime Minister Narendra Modi secures another 5 year term in office … not as good as the “lifetime term” the China leader has … perhaps Trump should get with modern times and sign an Executive Order changing the US Presidential term in office to 15 years … this way … he can do the things that are necessary to fix things here in America … without almost immediately worrying about election politics just 4 years away!!
Hi Greg,
Thanks for doing such a great job squeezing extra info out of every person you interview with such direct questions. Love listening to your interviews. I’ve been long gold for several years and your work helps me to be patient.
Pulling the imperialist teeth will bring the economy down, next to fall will be Israel.
Greg
DB is currently (5/24/19 @12:38 CDT) at $6.38. That is below the $6.40. So what should we be watching to see happen next?
Alan,
I got it at $7.16 https://www.bing.com/search?q=DB+Stock+Price&form=IENTHT&mkt=en-us&httpsmsn=1&refig=e01aef45f5844c34ae33d81d1666e518&sp=1&qs=HS&sc=8-0&cvid=e01aef45f5844c34ae33d81d1666e518
Nenner said the downside target is $0. This is a bank loaded with derivatives. Nenner said there could be a bounce in the market which could put a floor under DB for awhile. I think you should be ready for anything. I cannot time this market with all the manipulation and intervention but DB is clearly in trouble. You have been warned.
Greg
Today (5/28/19) the Frankfurt exchange shows DB closing at $6.32 and the Xetra exchange shows DB closing at $6.31.
As of 2:12PM EDT today the NYSE shows DB ay $7.03.
Nenner doesn’t mention which exchange his warning referrs to. Whish one should we be watching for this red flag. I’m genuinely concerned and keeping an eye on this information. Thanks for posting the articcle.
Alan,
Hi did he was talking UDs when he said $6.40.
Greg
By ‘talking’, I’m guessing “UDs” were only mentioned in the video, I don’t find that info in the posted article. I will monitor that now while watching DB. Thanks.
The real first word war was the Seven Years War (1756 – 1763) as it was fought on all continents at the same time.
Let me get this straight, DB and other banks are potentially headed to zero, the stock market is going down until 2022 and gold is headed to $2,500. Makes sense. Other than the fact that this is coming from the same group of people who have been predicting the same thing for about the last ten years. Could you at least pick a date and agree that if your gloom and doom doesn’t happen by that date that you just might be wrong? It shouldn’t be hard. It has been right around the corner for 10 years now. Pick a date. 2019? 2020? 2021?
The SP500 went from 2251 to 2673, from Jan 1st 2017 to Dec 31st 2017, generating over a 18% gain. It did so without any major or even moderate corrections. Nenner predicted a massive crash in 2017, extreme volatility, and Dow 5000 during 2017. This is one of several examples. And may I preemptively state that being “early” equates to being wrong. Eventually, there will be a massive downturn with 100% probability. While I would guess that it will be sooner than later, without a reasonable time frame attached to such predictions, they are meaningless. In any case, why would a reasonable person listen to Nenner with his track record?
Steve,
You brought up one call and not a track record. Nenner has documented many spot on calls and he adjusts his calls along the way all the time. I would not bet against him on the big swings here but be my guest.
Greg
Today’s closing price: $6.31
Date Open High Low Close Volume (shares)
05/28/2019 6.40 6.46 6.28 6.31 18,511,868
This is in Euros . Nenner did his chart in $s. It’s at $7.01 at 3:37 pm EST 5/28/19
Charles spoke about stocks moving higher in couple of days from the day of the interview (May 22nd) which seems not to have happened with stocks moving lower over last 6 trading days and S&P down 80 points. A bounce is coming but taking longer than he thought. Cycles are real and Charles does some interesting work. Important to note when calls are right as well as when there are misses. We’ll see if the 4/5% upside call on S&P (3070ish) by the summer plays out. I think we’re going higher before coming much lower. Thanks to Charles and to Greg for many guests willing to share the truth.
Trump holds ‘Keep America Great’ rally in New Jersey Eat Your Your heart out fear “porn script writer” Schiff
https://www.youtube.com/watch?v=IONzk_eRFpA