Yesterday, the Chinese yuan was added to the IMF’s Special Drawing Rights (SDR), as Germany’s Deutche Bank is teetering on bankruptcy. Today is the last day of the year of Jubilee. Are we witnessing a global financial reset, in-progress?
This weekend the mainstream media is reporting that ‘Germany’s Merkel cannot afford to bail out Deutsche Bank’, to which we say, yeah no kidding. The $75 Trillion in derivatives on Deutsche bank’s books are sinking the bank like the Titanic, and the situation is terminal. Jim Sinclair and Bill Holter from JS Mineset join me to discuss what Jim says is “the most dangerous period in world history” and as goes Deutsche bank. “so goes the world.”