Request any song you want for FREE! All songs requested will be tuned to a 432 Hz frequency.

Request Now

1-800#'s and Instructions for Currency Redemption/Exchange

This is where the 800 numbers and instructions for currency redemption (US) and currency exchange (international) will be posted. This part of the page will remain until the "TETELESTAI" email has been distributed to us. Thank you.

Guest Posting Now Available

Dinar Chronicles is now allowing viewers to guest post. If you wish to speak your mind and write a post/article about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to with these following rules.

The subject of your email entry should be: "Entry Post | (Title of your post) | Dinar Chronicles"

- Proper grammar
- No foul language
- No bashing of others
- Solely write intel, rumors, news, thoughts regarding Dinarland, Iraq, the RV, the GCR and anything that is relating
- Your signature/name/username at the end (Optional, if there is no name at the end of your entry I will post it as "anonymous")

Send your entry and speak out today!

Follow Dinar Chronicles by Email

CO-RV Prayer

Divine Creator, father, mother, son as one...If I, my family, relatives, and ancestors have offended you, your family, relatives and ancestors in thoughts, words, deeds and actions from the beginning of our creation to the present, we ask your forgiveness...Let this cleanse, purify, re-lease, cut all the negative memories, blocks, energies and vibrations and transmute these unwanted energies to pure light....And it is done.

Repeat during 15 minutes, visualizing the RV already manifested in our reality and all humanity rejoicing in peace and abundance:

I’m sorry! Please forgive! I love you! Thank you!



Sit quietly with eyes closed and feet flat on the floor. Take three long slow cleansing breathes, inhale through the nose, exhale slowly through perched lips. Postulate securing your grounding cord from your first Chakra and the bottom of each foot all the way down into the center of the Earth. Postulate your cord from your crown Chakra traveling all the way up into the cosmos to connect to Source. Slowly inhale Golden White Healing Light (Energy) from Source coming down through your Crown Chakra pushing out all dark, destructive, negative energy through your root Chakra and both feet down to the center of the Earth to be healed, renewed and recycled.

Feel this Golden White healing Light (Energy) running through your body from head to toe like blooding flowing through your veins. Now postulate every living thing on Earth grounded in this manner and running Golden White Healing Energy, add in some pink for love, cleansing and renewing the entire planet and every living thing on it.

Take a moment throughout the day to visualize this energy running and cleansing your body and the whole of the Universe. Ushering in the New Golden Age. Bringing in NESARA, GESARA, the Revaluation, disclosure, new technology and all our Galactic brothers and sisters.



Featured Post

New Republic via a GCR: Update as of October 27, 2016

New Republic via a GCR Update as of Oct. 27 2016 Compiled in the early morning hours of 27 Oct. 2016 by Judy Byington, MSW, LCSW, ret, Autho...

Saturday, September 24, 2016

German Chancellor Merkel Rules Out Bailout for Deutsche Bank

Merkel Rules Out Bailout For Deutsche Bank: Depositor Bail-In Coming Up?

Sep 24, 2016 3:17 PM | Zero Hedge | Source

Submitted by Mish Shedlock of MishTalk

The €42 trillion (notional) derivatives mess known as Deutsche Bank remains under severe pressure. Its market cap is $17 billion. It has no earnings and pays no dividend.

On April 23, Deutsche Bank was Fined $2.5 Billion over LIBOR rate rigging. Twenty-one people face criminal charges following a seven-year investigation.

On September 16, the US Department of Justice Fined Deutsche Bank $14B for mortgage securities fraud leading up to the 2007-2009 global meltdown.

Today, German Chancellor Angela Merkel Ruled Out Assistance for Deutsche Bank.

No Comment

Chancellor Angela Merkel has ruled out any state assistance for Deutsche Bank AG in the year heading into the national election in September 2017, Focus magazine reported, citing unidentified government officials.

The German leader also declined to step into the Frankfurt-based bank’s legal imbroglio with the U.S. Justice Department, which may seek as much as $14 billion in sanctions against Deutsche Bank’s mortgage-backed securities business, the magazine said. A German government spokesman declined to comment on the report Saturday. A Deutsche Bank spokeswoman also wouldn’t comment.

Understanding the Fine

The Guardian reports $14bn Deutsche Bank Fine – All You Need to Know.

The prospect of a $14bn penalty from the US Department of Justice has rattled investor confidence in Deutsche. The penalty aims to settle allegations, dating back to 2005, about the way the bank selected mortgages, packaged them into bonds and sold on to investors. These bonds are known as residential mortgage-backed securities (RMBS).

Can Deutsche Afford the Bill?

Deutsche Bank has been quick to describe the fine as an “opening position” from Washington. It is easy to see why. It would be one of the largest ever fines levied by the US. It could also strain the bank’s finances. For 2015, the bank reported its first annual loss since 2008 and could be heading for another loss this year regardless of the threatened justice department fine. According to Tomas Kinmonth, an analyst at Dutch bank ABN Amro, a settlement on that scale could impede Deutsche’s ability to pay coupons – or regular interest payments to investors – on a special type of bond. The bonds are known as AT1s, which are intended to shore up Deutsche in a time of crisis.

The bank, though, has made clear it has no intention of agreeing to a fine at this level and has stressed it has the resources to keep making payments on the bonds until 2017, at least. However, one analyst told Reuters that any fine topping €5bn would force it to raise fresh funds in the financial markets by tapping shareholders for cash.

Is this the end of Deutsche Bank’s regulator troubles?

The bank has set aside €5.5bn for litigation costs but does not spell out exactly what that sum is for. It is battling more than 7,000 legal cases, although the ones gaining most attention are the RMBS case and one relating to activities in Russia, where the bank is facing an investigation into so-called mirror trades, where clients bought shares in Russia and simultaneously sold similar shares abroad in foreign currency. Regulators are investigating whether or not thesetrades skirted international sanctions against Russia by turning Russia-held roubles into dollars held outside the country.

Could other European banks be affected?

Deutsche is the first European bank that appears to have started talks with the DoJ over RMBS. Barclays and the Swiss bank UBS are among others waiting for settlement talks to be concluded.

Cooking the Books?

On September 20, I asked Is Deutsche Bank Cooking its Derivatives Book to Hide Huge Losses?

One reader commented:

German Banks do not get to net long and short derivatives under the same ISDA [International Swaps and Derivatives Association agreement] to the extent that US Banks do. The Germans like to see the courts having agreed that netting is applicable under an ISDA in a few bankruptcies before they allow for ISDA netting in reg reporting. So as a starting point German banks always look worse on paper. So if DB is long a swap with JPM and short the same swap with JPM it could show up as having one side as exposure, when in reality it has near zero exposure. US Courts have accepted ISDA netting agreements as valid. Likewise if DB is long a swap and short the futures strip (thus having only a relatively small basis risk) that also probably shows up as 1x the exposure as opposed to near zero.

What is worse, all the big banks have less than perfect reporting systems. They fail to fully net the internal corporate relationships and thus DB can be long and short to itself and record both sides of the internal trade as ‘Gross Notional Assets’. Do this a few hundred thousand times, and not get around to tearing up the matching contracts and Gross Notional Assets balloon to the moon. Why would they want to let this happen. Partially it was because Banks didn’t care about Gross Notional Assets before the Great Financial Crisis, and partially it was because idiots in the ‘C’ suite liked to talk about how ‘big’ they are.

DB needs to get its netting under control, they need to do tearups of back-to-back contracts that don’t get netting benefit, and most importantly they need to get costs under control.

Depositor Bail-In Coming Up?

In a September 21 Veritaseum article, Reggie Middleton provided an analysis of Deutsche Bank’s likely recapitalization effort while asking German Tax Payer Bailout or German Bank Depositor Bail-in?

Deutsche Bank is going to need some money, and it’s going to need some quite soon. The next two or three articles that I write will focus on why there is such a need. In a concerted effort to reduce or potentially eliminated the risk of taxpayer-funded bail-outs of European banks, the EU implemented a new “bail-in” regime beginning on January 1, 2016. As such, rules which require banks and certain systemically significant market participants in EU member states will have to write-down, cancel, convert into equity or otherwise modify certain unsecured liabilities if such steps are required to recapitalize the institution. What is the most bountiful unsecured liabilities of a bank?

Middleton noted Deutsche Bank has over $2.5 trillion in derivatives exposure that needs to be rolled over.

Is this a net-zero non-problem or is Middleton correct with his claim “Even without market losses (and there’s plenty of reason to believe those are coming), DB will have a hell of a time with added credit expenses due to its lower credit rating (use both rating agencies and bank’s internal scoring models)”

Pointing to an image I posted, Middleton says …

There will be some losses and conflict upon resolution of some of these. How do we know? We believe have identified the counterparty of DB and it has booked a profit for the derivatives that DB booked a loss for. Of course, that loss was booked before DB changed their valuation methodology, which now makes it a profit. Hat tip to Mish’s Blog

That’s the image I posted on September 20.

Middleton commented ….

Almost 50 % of Deutsche bank’s risk profile (both risk weighted assets & Economic Capital) is dominated by their Corporate Banking & Securities Division, mostly because of the trading activities related with this division.

Noticeably, in first quarter of 2015 Deutsche Bank adopted a new methodology to determine “Diversification benefit”, resulted in an overall reduction of risk by 2.3 billion euros from 2014 to 2015. Though because of this new methodology Deutsche Bank’s total risk reduced significantly but, the methodology for the calculation of diversification benefit is not mentioned in their Annual Report. Without that it cannot be clearly substantiated whether Deutsche Bank is shuffling bad loans to a different unit and classification in order to make their NPAs look better. One thing is for sure, it definitely does look fishy!

Do you know what smells even fishier? The high probability that DB uses this “new found risk calculation metric” to determine the cost of capital for their level 2 and level 3 assets. Voila! Instant profits, Mr. and Mrs. Investor! Yeah, right? You see, DB counterparties are not going to want a hyped up model input as payment, they’re probably thinking more along the lines of cash. Add to this, the 50+% drop in share price, .25x BV multiple, and the multiple lawsuits, including the DOJ’s request of $14B dollars (from a $17B market cap), and you have a pretty stringent need for a recap. I will supply even more (actually, much more) fodder for capital contemplation of the nest week. Of course, no one is bringing this point up except for us. I could very well be wrong, I just wish for someone to show me where.

Guessing Game

We are all guessing. Here are two of my guesses.
Deutsche Bank’s problems go far beyond the fines.
Its derivatives mess is so tangled that it may not know itself where it stands.

Questions Abound

What is Deutsch Bank’s exposure to the collapsing Italian bank system?
What is Deutsch Bank’s exposure to other troubled European banks?
Is Deutsch Bank Prepping for an Avalanche of Fraud Charges on its Gold Derivative Products?
If a depositor bail-in is not coming, how can Deutsche bank pay the fines now that Merkel ruled out state aid.

Depositors beware!


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

All rights reserved go to their respective holders. We do not own the intellectual property shown on this website, the respective holders own that privilege unless stated otherwise.

We do not endorse any opinions expressed on the Dinar Chronicles website. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on Dinar Chronicles.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the website. This website is...Read More