Park Life

Could have won in Brighton innit.

They have everything. Just assume it.

Nah it's all conspiracies mate. RT is the propaganda arm of the FSB / Chez

In April of 2014, Deutsche Bank was forced to raise an additional 1.5 Billion of Tier 1 capital to support it’s capital structure. Why? 1 month later in May of 2014, the scramble for liquidity continued as DB announced the selling of 8 billion euros worth of stock – at up to a 30% discount. Why again? It was a move which raised eyebrows across the financial media. The calm outward image of Deutsche Bank did not seem to reflect their rushed efforts to raise liquidity. Something was decidedly rotten behind the curtain. Fast forwarding to March of this year: Deutsche Bank fails the banking industry’s “stress tests” and is given a stern warning to shore up it’s capital structure. In April, Deutsche Bank confirms it’s agreement to a joint settlement with the US and UK regarding the manipulation of LIBOR. The bank is saddled with a massive $2.1 billion payment to the DOJ. (Still, a small fraction of their winnings from the crime). In May, one of Deutsche Bank’s CEOs, Anshu Jain is given an enormous amount of new authority by the board of directors. We guess that this is a “crisis move”. In times of crisis the power of the executive is often increased. June 5: Greece misses it’s payment to the IMF. The risk of default across all of it’s debt is now considered acute. This has massive implications for Deutsche Bank. June 6/7: (A Saturday/Sunday, and immediately following Greece’s missed payment to the IMF) Deutsche Bank’s two CEO’s announce their surprise departure from the company. (Just one month after Jain is given his new expanded powers). Anshu Jain will step down first at the end of June. Jürgen Fitschen will step down next May. June 9: S&P lowers the rating of Deutsche Bank to BBB+ Just three notches above “junk”. (Incidentally, BBB+ is even lower than Lehman’s downgrade – which preceded it’s collapse by just 3 months http://www.nytimes.com/2016/09/29/business/dealbook/deutsche-bank-is-the-darling-of-the-short-sellers.html?_r=0 When it goes it will take the euro with it because there will be no backstop for the ECB.

https://www.ft.com/content/42ec5f88-8620-11e6-a29c-6e7d9515ad15 Merkel has said it won't get state money. I think it might and when that starts the real attacks will come cause it will be a feeding frenzy. Hedge funds see state help as a green light to attack sensing the free flow of taxpayer money. Commerzbank is also shaky (second biggest lender). Now the real game is that the German banks are holding up the Euro and have lines of credit to the ECB. They will probably get this wrong and the Euro will start to fall fast. Every day here some geezer comes on the radio and says the bank is liquid.

Pounds. The intrinsic value of the pound is $1.50 and Euro 1.21-1.23. Euro shock is coming. Watch Deutsche Bank. There are dozens of European Banks staring into the abyss (Italy and Spain). If Hilary wins there will be wars and more borrowing and if Trump wins the American economy will be obliterated.

The PLP are just offering Tory lite to protect their pathetic careers. The will never win with that but they might save their seats. That's the long and the short of it. The Labour leader might be an addled old fogey that drinks mint tea...So what? A proper alternative to neo-Liberalism and small state politics is going to take time to build. There will come a time when the Labour leader might look like Tom Cruise with the brain of Corbyn. Then all bets will be off. New Old Labour Phoooar..

The rise of the far right all across Europe and UKIP in the UK is fertile territory for a left leaning Labour Party. The complaints about mainstream politics are the same.

I don't see how you can defend their constant scheming against Corbyn who has a massive grass roots mandate. They'd be better off in the Lib Dems....Oh wait...

Just remember you're only projecting your fears and failings onto others. The stuff you find yourself hating others for are the very things that you worry about becoming yourself.

It's just that as you get older you realise that everyone is clueless.

Most of the PLP are basically scum. The antics against Corbyn and his supporters (a party with now record no of members) is distasteful and very poor tactics in the medium term. The masses have moved to the right all across Europe this should be the packet for discussion not that the Labour party is moving back to its roots.

Save yourself mate.

The hysteria in the MSM in the UK is something to behold with reg to Labour moving to the left. Me and Mrs P belong to Greenpeace and Die Linke (the proper left) we'd probably be strung up if we moved to England.

What we have here are two bureaucracies neither skilled in the old skool ways of grand politics but paper pushing mice and frightened children wondering how they have manufactured themselves into a position where they are actually going to have to make momentous decisions (the very thing they have avoided their whole careers).

A lot of the bluster is for public consumption on both sides. Right now the 'project' is at a crossroads and I can well imagine saner voices getting more play as things develop. Other than that there is a fanatic wing of the EU their lead negotiator being a leading light. As a poker player I read this as a gigantic tell. As you say they are probably as frightened as our lot are.

Negotiations are going to be fierce as there is a lot at stake. Historic moment and all that.

CT man. Are you seriously suggesting that temperatures aren't being taken behind closed doors, in lobbies, committee rooms, bars and our diplomats aren't blowing their entertainment budgets?

Between us and the Americans we'll have all their phones and laptops already. If their negotiation team takes a shit we'll know how many lumps. These European countries are mere playthings. I mean the NSA had Merkels mobile for about 4 years without them having a clue about it.

Discussions are in full swing man.

Only selectively bred super weed is dangerous with reg to excess THC ratings. IMO the average stuff in moderation is fine for most people (not ones with prior borderline mad leanings). There's a weird fear that comes over you with the strong stuff if you overdo it.

I can only imagine 'Hard Brexit' is a negotiating stance. The City will be distraught if they lose passporting.

Changes from day to day. All for stopping the EU juggernaut but quite like some of the freedoms etc....Tricky innit.

Never heard of it.

Yup. The EU Parliament is besieged daily by thousands of Lobbyists and special interest groups. The EU round table is basically blue chip CEO's writing EU trade policy. Yeah it will be a soft Brexit dressed up as hard. Personally think they will take the 7 year break against the A3 countries that Blair binned.