When traditionally stable institutions like Deutsche Bank find themselves in trouble, it's a signal that the world's financial system will face big problems down the road, legendary investor Jim Rogers has told RT.

The move has already impacted the bank's shares, which started to fall after initial 4 percent gains on Monday.

"The financial system is in trouble and this is just one sign of what is going on. This has happened in previous financial problems in the 1930s or the 1960s or the 1990s," Rogers said in a phone interview with RT. He explained that central banks around the globe drove interest rates "to crazy levels," and now we have to pay the price for that.

This led to what "we think is a stable and sound [bank] start making speculative loans... and then what used to be strong banks get in trouble."

Deutsche Bank's major overhaul does not mean it will not survive, according to Rogers. However, the bank will never be the same and "this is serious trouble" for the lender as well as the entire financial system, the investor believes.

Rogers offered a reminder that some stable banks went bust when nobody expected it, as was the case with Lehman Brothers in 2008 or with another old bank, British Northern Rock.

"And it is happening again. If you go to Scandinavia you see some of those banks that have been around for years are in trouble now. This is nothing more than a sign of the times and we're going to have a lot of problems down the road," the investor said.

However, according to Rogers, Deutsche Bank is unlikely to collapse due to multiple warnings and enormous government efforts to support it. Rogers went on to explain that collapses occur unexpectedly and it's when the global markets can crash.

"If Deutsche Bank were to collapse it would be a surprise. It would cause the global market to start to decline," he said, adding that it would create a "snowball" that would see other major banks follow the same path.

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US Secretary of State Mike Pompeo responded to the statement by Iranian authorities regarding the restart of uranium enrichment above 3.67%, as announced on July 7 by Abbas Arakchi, who is the Deputy Foreign Minister of Iran and the main negotiator for the Joint Comprehensive Action Plan (JCPOA) on the nuclear program. According to Pompeo, Washington will introduce new sanctions against Iran, despite Washington having been the party to cancel the deal, and increase its isolation.

"The Iranian nuclear weapon regime will pose an even greater danger to the world," the US secretary of state wrote on Twitter, threatening to respond to Iran's "expansion of its nuclear program" with new sanctions and further "isolation." According to Pompeo, it is necessary to return the "total ban on uranium enrichment" by Iran.

Abbas Arakchi said recently that the beginning of uranium enrichment was the second stage of reduction of Iran's obligations under the FIDD, and now it will occur every 60 days, if its participants do not adhere to the agreements reached. Arakchi also noted that although "the doors for diplomacy are still open," new initiatives are needed to resolve this situation.

"The facts show that unilateral bullying has already become a worsening tumor," said Chinese foreign ministry spokesman Geng Shuang at a press briefing in Beijing, AFP reported. "The maximum pressure exerted by the US on Iran is the root cause of the Iranian nuclear crisis," he said.

President Hassan Rouhani had warned on Wednesday that the second step of reduction in Iran's commitments would take place on Sunday, saying, "On July 7, the level of (uranium) enrichment in Iran will not be 3.67 percent anymore, as we will abandon such a commitment and increase it (enrichment) to any amount that we need."

Iran maintains that the new measures are not designed to harm the Joint Comprehensive Plan of Action (JCPOA), but to save the accord by creating a balance in the commitments.

Last week, Iran's stockpile of enriched uranium exceeded 300 kg.

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