QUESTION: Do you think they will allow Deutsche Bank to fail?
ANSWER: This is why the central bank of Germany advised the ECB to hide the stress test results from the public. This is, at least in part, why the Fed did not raise rates at this moment. There is serious trouble on the horizon. They cannot prevent the crisis; they can only prolong it. The crisis is the failed structure of the euro combined with Merkel’s austerity program, and the flood of refugees is turning into an invasion rather than a migration. The economic stress level is boiling.