NY Post Joins CNN & MSNBC With Propaganda and Fake News
I always had respect for the New York Post, but this cover has warned that this paper is no different from the rest of the fake news. First of all, [...]
Commerzbank to Merge with French BNP
According to a the latest spin, the German federal government’s withdrawal from the Commerzbank has left the favored shotgun wedding merger. Commerzbank is the Frankfurt money house which will be merged with the French BNP Paribas. This is being presented as if it were a strong German-French merger which is suggesting that there is a deeper European banking union unfolding. Additionally, they are also going to merge a troubled Italian bank into BNP.
Behind the curtain, the concern is that Commerzbank could not be merged with Deutsche bank because they have the same portfolios that are in trouble. BNP Paribas is about 10 times the size of Commerzbank. Therefore, the real world view is this is just a shotgun wedding rather than a new German-French merger.
Latest Posts
St. Malachy’s Cyclical Prophecy
COMMENT: I remember you saying that Pope Francis would not be the last pope and that he would not last until 2032. Well, your critique of St. Malachy’ will be [...]
The German Elections Tomorrow
The German elections are tomorrow, and the polls are touting the failed government of Schultz as the winner. Germany will hold a snap national election on Sunday, February 23, after [...]
