China bigger Risk than Lehman, Greece, US Fiscal Problems?

Source: Torsten Sløk, Deutsche Bank Securities - found @ Barry Ritholtz

Game Over 2015.75 | Martin Armstrong

"Schaeuble wants a Grexit to put the fear of God into the French!" HERE & HERE

Martin Armstrong: "This is the start of BIG BANG and as the rest of Western nations
raise taxes, the economy is about to fall off a cliff and they bring economic activity
into a swan-dive. They will, as always, blame the private sector. We can see this
decline coming as long-term bonds crashed from May, liquidity has collapsed, and there
is excess cash in the short-end keeping interest rates low ensuring we will see not
just municipalities decline into a debt crisis like Detroit, but we are staring in the
eyes of death insofar as pensions are concerned. Politicians are good for only (1) lies,
(2) corruption, (3) debt, (4) taxes, and (5) death and war."

Hitting the Fan | Deutsche Bank in Pre-Infarct State of Imminent Bankruptcy

On June 7, immediately following Greece’s missed payment to the IMF,
Deutsche Bank’s two CEOs announce their surprise departure from the
company (HERE)

Deutsche Bank is the 12th biggest bank worldwide and harbours USD 75 trillion in derivatives bets — an amount twenty times greater than the German GDP (USD 3.64 trillion in 2014). Deutsche Bank is the world’s largest  holder of derivatives exposure and dwarfs J.P. Morgan’s exposure by USD 5 trillion (HERE). Deutsche Bank - along other global banks - was engaged in a slew of corrupt practices from manipulation of interest rates (for which the firm was fined USD 2.5 billion in April 2015), to tax evasion and money laundering to “mis-selling” of derivatives. 

If Greece defaults at the end of June, Deutsche Bank will lose 50 to 100 billion Euros in Greek bonds and be caught off-side in its derivatives positions. And there is no government nor institution on earth to bail it out. 
More HERE