Helmut Schmidt: 'We can't trust Deutsche Bank'

In a piece published in Die Zeit,  former chancellor Helmut Schmidt has some choice words for Deutsche Bank, Ameica's foreclosure king, the slumlord of Los Angeles and the the bank that ruined Milwaukee.  There was a time, Schmidt writes, when Deutsche Bank represented the interests of Germany:

Dass es Aufgabe der Deutschen Bank sei, die Interessen der Bundesrepublik Deutschland zu vertreten, darüber war man sich früher einig, ohne es auszusprechen.

(The mission of the Deutsche Bank was to represent the interests of the the Federal Republic.  We were all in agreement about this, without having to state it explicitly.)

But now the mission of Deutsche Bank is to maximize profits for its (mostly foreign) investors.  The ex-chancellor notes that the bank is now run by a Swiss national (Josef Ackermann) instead of a German.  "Now the German government [.....] can no longer trust the advice of Deutsche Bank."

Deutsche Bank is run by a new category of men:

Ich teile die Menschheit deshalb gern in drei Kategorien ein. Die erste Kategorie, das sind die normalen Menschen. Wir alle haben sicher als Jungs mal Äpfel geklaut, aber dann sind wir doch anständige Kerle geworden. Normale Menschen also, das sind vielleicht 98 Prozent. Zweite Kategorie, das sind die mit einer kriminellen Ader. Die gehören vor Gericht, und wenn sie schuldig gesprochen sind, dann gehören sie ins Gefängnis. Und die dritte Kategorie sind Investmentbanker und Fondsmanager.

Dabei ist das Wort Investmentbanker nur ein Synonym für den Typus Finanzmanager, der uns alle, fast die ganze Welt, in die Scheiße geritten hat und jetzt schon wieder dabei ist, alles wieder genauso zu machen, wie er es bis zum Jahre 2007 gemacht hat.

(I divide humanity into three categories of people. The first category is comprised of normal people.  When we were boys we most likely swiped an apple or two, but we later became respectable fellows. Normal people - that's about 98 percent.  The second category would be those with a criminal bent. They belong before a court of law, and if found guilty, should be sent to prison.  The third category are the investment bankers and fund managers.

Investment banker is a nothing more than a synonym for the type of financial manager who dragged all of us - practically the entire world - into the shit and now is in the process of repeating exactly what he was doing up to 2007.)

I do think that the vast majority of the tens of thousands Americans who have lost their homes through Deutsche Bank's foreclosure practices wouild share the former chancellor's sentiment that they've "been dragged into the shit."

Comments

[Strahler 70]

We can't trust any bank. I'm more and more convinced those supernational banks willingly have driven us into this huge financial crisis with the intent to force the nations into wars. Libya is just the first small step.

I see patterns in the wind and in the sand... I will relaunch my blog Universe-B soon.

[David]

@Strahler,

Deutsche Bank and UBS were only too happy to take Ghadsffi's petrodollars. Now they are nervous that they might be forced to repatriate the blood money to the Libyan people.

I want to see Ghadaffi gone and support the action the remove him. But he still has good friends in Europe - like the Austrian fascist party FDOe.

[Strahler 70]

I think it's not about Gaddafi's petrodollars, it's rather about the dollar itself and the euro. China is getting nervous, too, much mor nervous than DB and USB. China might seek a political compensation for the devaluation of the dollar. The price could be Taiwan.

Pakistan could be the new evil empire soon. The ISI seems to be responsible for all major terrorist attacks in the last decade. In Afghanistan, in India, elsewhere, in one way or the other. Not mentioning illegal nuclear proliferation through Mr. Khan...

Meanwhile, Somalia pays the price for US engagement in Africa, starvation as a weapon against warlords and 'terrorists'.

Did you know that Libya has more water than oil and gas?

When the big banks come down this will mean WAR. So the final question might be one that could only be answered by David Rockefeller, Kissinger or those CFR bastards: Did YOU run us into this maze in order to push your depopulation plans for earth?

Okay, that's all far beyond the opening post, but...stay tuned.