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Bank run: Deutsche Bank clients are pulling $1 Billion a day out of troubled institution

bank run
There is a reason James Simons' RenTec is the world's best performing hedge fund - it spots trends (even if they are glaringly obvious) well ahead of almost everyone else, and certainly long before the consensus.

That's what happened with Deutsche Bank, when as we reported two weeks ago, the quant fund pulled its cash from Deutsche Bank as a result of soaring counterparty risk, just days before the full - and to many, devastating - extent of the German lender's historic restructuring was disclosed, and would result in a bank that is radically different from what Deutsche Bank was previously (see "The Deutsche Bank As You Know It Is No More").

In any case, now that RenTec is long gone, and questions about the viability of Deutsche Bank are swirling - yes, it won't be insolvent overnight, but like the world's biggest melting ice cube, there is simply no equity value there any more - everyone else has decided to cut their counterparty risk with the bank with the €45 trillion in derivatives, and according to Bloomberg Deutsche Bank clients, mostly hedge funds, have started a "bank run" which has culminated with about $1 billion per day being pulled from the bank.

Mr. Potato

SJWs, desperate for something to be outraged over, decide Chris Pratt's t-shirt is racist

Chris Pratt
© Axelle/Bauer-Griffin/FilmMagic
Chris Pratt's shirt sparks debate online.
Chris Pratt is facing criticism over a T-shirt he was pictured wearing featuring a controversial symbol.

The Marvel star's top shows the American flag with a coiled snake over the top and a message underneath which reads "Don't Tread On Me."

The writing and snake combo on its own is depicted on the Gadsden flag; a symbol created by Christopher Gadsden, a Charleston-born brigadier general in the Continental Army.

It came to prominence during the Revolutionary War of the US by colonists who wanted independence from Great Britain.

Comment: 2019 - The year every possible benign thing became racist.

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Pills

Scotland has highest drug death rate in EU

heroin
© Getty Images

The number of drug-related deaths in Scotland soared to 1,187 last year, according to official statistics.

The figure is 27% higher than the previous year, and the highest since records began in 1996.

It means there were more drug-related deaths in Scotland last year than the 1,136 alcohol-specific deaths.

And the country's drug death rate is now nearly three times that of the UK as a whole, and is higher than that reported for any other EU country.

Comment: Scotland became notorious for it's high rates of alcoholism, unemployment, violence and poverty following decades of neglect from a London-centric British government. And, with the financialisation of the UK economy, followed by the 2008 banking collapse and subsequent 'austerity' measures, similar trends can now be seen throughout the UK:


X

Facebook banned St. Augustine as hate speech

st. augustine botticelli
Does that seem dramatic? But it's the truth. Facebook has repeatedly banned a quote from St. Augustine every time I've posted it. And it's not some fire and brimstone "Sinners are going to hell!" quote, but in fact, quite the opposite.

Earlier this week, I saw my friend, Fr. Matt Wescott, post the quote from St. Augustine on his wall. It's a quote from a homily by St. Augustine of Hippo, a sermon that is contained in the official liturgical books of the Catholic Church because it is part of the Office of Readings for the 14th Sunday in Ordinary Time in the Liturgy of the Hours (the Divine Office).

Comment: Unbelievable.

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Arrow Down

Not an accident: American molecular biologist, Suzanne Eaton was asphyxiated & dumped into old Nazi bunker in Crete - UPDATE: Suspect confesses grisly details

SAR Team
© Reuters / Makis Kartsonakis
Members of a search and rescue team prepare to retrieve the body of Suzanne Eaton.
The mysterious death of American microbiologist Suzanne Eaton turned out not to be an accident - the scientist working for the Max Planck Institute was asphyxiated and her body was dumped into a Nazi occupation-era cave bunker.

The biologist disappeared on the island of Crete on July 2 while jogging. Eaton had been attending a conference at the Orthodox Academy in the northwest part of the island.

Her body was discovered several days later by two locals some 60 meters into a man-made cave that was used as a bunker by Nazi troops during World War II. Her relatives initially believed that her death was an accident due to a bad fall or heat exhaustion, according to a statement posted on a Facebook page set up by her family.

Comment:

UPDATE: 17th July 2019

ABC reports:
Man arrested in murder of American biologist in Greece as grisly new details emerge
Old Harbor
© (Danita Delimont/Getty Images/Gallo Images)
PHOTO: Old Harbor reflects in water, Chania, Crete, Greece
The unnamed suspect is a 27-year-old Greek man who was brought in for questioning Monday and was later arrested after he "confessed his crime," according to Maj. Gen. Constantinos Lagoudakis, director of Police General Directorate of Crete.

"He admitted his guilt and today he will be brought to justice," Lagoudakis said in a statement Tuesday.

The suspect claimed that he spotted U.S. citizen Suzanne Eaton walking toward the Evelpidon monument during the afternoon of July 2 and, "motivated by sexual satisfaction," hit her twice with his car to stop her, according to Eleni Papathanassiou, a spokeswoman for Crete's police department.

The suspect claimed he put Eaton, who was apparently unconscious, in the trunk of his vehicle and drove to the bunker's ventilation drain, where he raped her and abandoned her there, Papathanassiou said. He then blocked the entrance to the drain with a wooden palette and drove to a nearby graveyard where he "carefully cleaned" the trunk of his car, according to Papathanassiou.

"Following the criminal proceedings, the perpetrator has been led to the District Prosecutor's Office, while awaiting the results of the forensic, clinical and toxicological results of the examinations," Papathanassiou said in a statement Tuesday.

Papathanassiou told ABC News that the suspect is from the town of Kissamos, about 20 miles from the port city of Chania where Eaton was staying on Crete. The suspect, whose father is a priest, lives with his wife and two small children in the village of Maleme, some 10 miles from Chania, according to Papathanassiou.

The man was arrested just days after police obtained DNA evidence from nearly a dozen people who live nearby.

Eaton, a 59-year-old molecular biologist and mother of two, was attending a scientific conference held at the Orthodox Academy of Crete in northwest Crete when she vanished on July 2. It was that afternoon that Eaton went back to her hostel room after lunch, changed into athletic attire and went out for her daily walk, leaving behind her mobile phone and other personal belongings, police said. She never returned.

An organizer of the conference reported Eaton missing to local police on July 4, when she was expected to present findings from her research. Greek authorities, joined by volunteers and Eaton's loved ones, launched a large-scale search for her in the area, using dogs and helicopters. Her body was found on July 8 in the cave-like bunker, built by Nazis after they occupied Crete in 1941. Her cause of death was ruled a murder by asphyxiation, police said.

An autopsy determined that Eaton died at noon on July 2. Her body showed signs of "a violent criminal act and possibly sexual abuse," Lagoudakis said in his statement Tuesday. She had many broken ribs and face bones as well as multiple injuries to both hands, according to Papathanassiou's statement.

A police source told ABC News that Eaton fought for her life when she was attacked by someone with a knife. Her body had substantial injuries from a blade that was "defensive" in nature, the source said.

Greek state coroner Antonis Papadomanolakis, who examined the body, told Greece's ANT1 News that "something complicated happened" during Eaton's death, stating that it was "not immediate" and "there was duration involved."

Investigators searched for men with muscular builds and the ability to overpower Eaton, who was an avid runner and had a black belt in Tae Kwon Do. They also requested data records from local mobile phone companies in hopes that they may identify the person or people who left Eaton's body in the bunker, according to police sources.

Authorities identified car tracks leading to the bunker's drain, which Lagoudakis said was "critical" evidence that directed the investigation.

"This fact, in combination with the position of the body in the area, strongly supported the argument that the victim was transferred to this location," Lagoudakis said in his statement Tuesday.

Police sources also told ABC News they discovered traces of blood at the site where they believe Eaton was killed, about a mile from the Orthodox Academy of Crete in the village of Platanias, where Eaton was attending the conference.

A high-level police source who spoke to ABC News on the condition of anonymity said a security camera in the area where Eaton's body was found captured images of the suspect's vehicle, another key piece of evidence that ultimately led police to arrest him.

The suspect initially told police he had not been in the area for over a month but eventually broke down during the interrogation and confessed, the source told ABC News.

Lagoudakis said the suspect "provided too many conflicting answers" but, "under the light of the collected evidence," he "confessed his crime."

Eaton, a native of Oakland, California, is survived by her husband and two sons. Her remains will be returned to the United States for burial.

Eaton was a research group leader at the Max Planck Institute of Molecular Cell Biology and Genetics in Dresden, Germany.

"We have come to know Suzanne as a lively and committed woman who made a decisive contribution to the development of our institute. Her sudden and untimely death is devastating for us all," Michael Schroeder, director of the TU Dresden Biotechnology Center, said in a statement last week. "We will remember Suzanne as a remarkable person. We are profoundly saddened and speechless."

She was also a professor at the Biotechnology Center of the Technical University of Dresden in Germany, known as TU Dresden.

"We were shocked to learn of the death of our dear colleague and friend, Prof. Suzanne Eaton," Hans Muller-Steinhagen, rector of the TU Dresden, said in a statement last week. "We have lost an immensely renowned scientist and a truly outstanding human being."
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X

Twitter permanently silences Canadian free speech activist Lindsay Shepherd

lindsay shepherd
One of Canada's most outspoken free speech advocates, Lindsay Shepherd, has been permanently suspended from Twitter. The suspension comes after a jousting match with a notorious trans woman named JY who has been accused of predatory behaviour toward children and making frivolous human rights complaints.

The Post Millennial reached out to Shepherd who said, "I got suspended for two tweets (although they didn't tell me exactly which tweets were the problem so I am giving my best guess): last night, JY tweeted that I have a loose vagina from pushing a 10 pound baby out, but he still has a "tight pussy" (in reality, JY still has male genitalia according to the proceedings of the current human rights tribunals he's been testifying in; and in reality I had a C-section and a 6 pound 10 oz baby)."

Comment: How Twitter can still try to hold up their image of being unbiased is truly staggering. Their attempts at gaslighting everyone while continuing their same biased banning behavior is fooling no one.

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Arrow Down

No charges against police officer accused of choking Eric Garner to death

Erica Garner
© Susan Watts/New York Daily News
Erica Garner has become an advocate against police brutality since her dad’s death.
The Justice Department will not bring federal charges against a New York City police officer over the death of Eric Garner, the 43-year-old black man whose fatal chokehold death was caught on video in 2014.

Prosecutors plan to announce the decision to not pursue civil rights or criminal charges imminently, according to the New York Times.

The date, one day before the fifth anniversary of Mr Garner's death, is the deadline for filing possible charges against Daniel Pantaleo, the officerfilmed putting Mr Garner in the chokehold.

Stop

YouTube strikes video of Tommy Robinson for violating 'hate speech policy'

Tommy Robinson
YouTube has removed a video of Tommy Robinson addressing his supporters from this reporter's channel, claiming that it violates their "hate speech policy."

The video was pre-recorded to be released in the event that he went back to prison.

On Thursday, Robinson was sentenced to six months in prison for three counts of contempt of court. There can be no argument that the video wasn't newsworthy.

Comment: Also see:


Question

Woman violently pushes priest off stage during live broadcast of mass

woman priest push
A Brazilian priest who is celebrated in the country for his lively sermons was violently pushed from a stage yesterday while delivering mass in Cachoeira Paulista, São Paulo.

The incident occurred shortly before 3 p.m. after a woman was able to rush past security and approach Father Marcelo Rossi during a ceremony at the headquarters of Canção Nova, which is a Brazilian Catholic community known for broadcasting religious material online.

Rossi, a preaching powerhouse who has reportedly sold millions of musical records in Brazil and was once dubbed a "pop-star priest" by the Associated Press, was seen in video footage of the unexpected mass invasion toppling from the stage as onlookers watched on in shock.

The Catholic priest was giving an address during the closing ceremony of a youth camp which had an estimated 50,000 attendees. He was not seriously injured and officials noted he soon returned to the stage to complete his sermon, which was being streamed to the internet.

Stock Down

Over 2,500 truck drivers lose their jobs in 2019

trucking
  • Six trucking companies have folded in 2019.
  • That has left more than 2,500 truck drivers unemployed.
  • After a hugely profitable year in 2018, this year has seen retailers and manufacturers moving less, according to the Cass Freight Index.
Truck drivers are suffering in 2019 — especially those who own or work at small businesses.

Rates in the spot market, in which retailers and manufacturers buy trucking capacity as they need it rather than through a contract, sank by about 18% year-over-year in June. That has caused truckers like Demetrius Wilburn, a Georgia-based driver, to find themselves unemployed.