The bank’s strategists say they’re “quite confident” there will soon be another financial shock, a pattern that will be repeated until the world figures out a more stable financial framework. Another financial crisis is looming and central banks could be the cause , according to Deutsche Bank . It revealed financial crises have increased since the breakdown of the Bretton Woods system in the 1970s , and blamed current instability on the fiat money system . The institution also pointed out the $ 13tn of assets held between the Federal Reserve , the European Central Bank and the Bank of Japan , 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 economic growth " .
Another financial crisis is looming and central banks could be the cause , according to Deutsche Bank . It revealed financial crises have increased since the breakdown of the Bretton Woods system in the 1970s , and blamed current instability on the fiat money system . The institution also pointed out the $ 13tn of assets held between the Federal Reserve , the European Central Bank and the Bank of Japan , 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 economic growth " .