Another financial crisis is looming and central banks may be the cause, according to Deutsche Bank . It revealed financial crises have increased since the breakdown of the Bretton Woods system in multi-century , and blamed current instability on the fiat money system. The institution also pointed out the $ more than $13 trillion of assets held between the European Central Bank , the Federal Reserve and Deutsche Bank , and bloated levels of government debt, hitting 70% of GDP. Post-Bretton Woods Deutsche Bank said: "there is no natural point where a purge of the excesses is forced by a restriction on credit creation".
Another financial crisis is looming and central banks may be the cause, according to Deutsche Bank . It revealed financial crises have increased since the breakdown of the Bretton Woods system in multi-century , and blamed current instability on the fiat money system. The institution also pointed out the $ more than $13 trillion of assets held between the European Central Bank , the Federal Reserve and Deutsche Bank , and bloated levels of government debt, hitting 70% of GDP. Deutsche Bank said: "there is no natural point where a purge of the excesses is forced by a restriction on credit creation".