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Monday, September 14, 2015

WHAT DO I DO IF I AM CAUGHT AWAY FROM HOME IN A COLLAPSE?

Image result for away from home

By Ray Gano
In the past several days I have had a number of people asking me " THINGS ARE GETTING REALLY WIERD OUT THERE -  WHAT DO I DO IF I AM CAUGHT AWAY FROM HOME?" 

Several months ago I put together a really good article on what I am calling a "Creating Your Get Home Bag."
See, everyone is worried about a "bug out bag" but in reality for most people they are worried about "getting home" vs "bugging out". 
If the SHTF and we are away from our home, what do we think of first? 
Yeah, getting home to find out if our family is ok. FOLKS, Family is everything!
So, I am sharing this again with all of you. 
Thank you for all the requests and know that I am here to help answer any questions you may have. 
02snowstorm5We are living in crazy times and people are starting to freak out. KNOW that if you are a student of bible prophecy, that this should not catch us off gaurd. 
What we must remember is to stay calm and know that God is in control. Remember - Proverbs 3:5-6
Proverbs 3:5-6  Trust in the LORD with all thine heart; and lean not unto thine own understanding.
6  In all thy ways acknowledge him, and he shall direct thy paths. 
BUT... that does not mean that we sit on our laurels and expect God to rain pennies from heaven and make sure that there is a chicken in every pot. 
We have responsiblity that WE must uphold. God has given us hands to work with and brains to think with. He has provided us with the gifts and talents we need. We just have to apply them.
So with that said, I am honored to share... 

Your Office Bug Out Bag / Get Home Bag

SO many of us think of bugging out of our home to get to a safe predetermined location.
But how many people have a bug out bag to get out of the work place and back home?
Some people call this a “Get Home Bag.”
This is a great bag to keep that “escape and evade clothing” that I talked about in the prior chapter. But also it is wise to have other items like some food, water, meds, tools, weapons, etc.

Food & Water

If you have been a reader of mine, you know that I am a fan of the ER 3600 Calorie Bar. These taste great and are pre-scored into smaller bars that you can break off or easily cut off with a knife.
You can see the video here that I produced talking about the ER Bar.
Another item that you need to have in your Office Bug Out Bag / Get Home Bag is a means to contain and filter water.
I am a HUGE fan of Berkey water filters. We use them ourselves and we even own a Royal Berkey Water Filter. These are the best water filters in the world. One of the best things you can put in your bag is a Berkey Sport bottle. This will filter 125 gallons of treated water, 75 gallons of swamp / muddy water. These are a great thing to have on hand to not only keep in your Office Bug Out Bag / Get Home Bag, but also to keep a few in the car and other places. You never know when you are going to need to get some water and these are inexpensive enough that you can purchase multiple bottles.
berkey-sport-bottleHere is a video of me when we lived in Texas of me drinking out of a skanky pool that our dogs and chickens used to drink out of and even bath in.
Finally, you want to have water in your bag just in case you cannot supply yourself before you leave your work area.
Emergency water pouches / boxes are a great way to go. The negative is that they will weigh down your pack, so you need to really assess how much you will put in your pack to get you going till you can find some sort of water that you can use your Berkey Sport Bottle.
NOTE – if you are having to seek out water, find your water source and make sure you hydrate yourself by drinking as much as you can there at your water source, then filling up your bottle on top of that.
Throw in a few salt packets or Gatorade packets in your bag so that you can put some in your mouth and then drink some water.
DO NOT ADD SALT OR GATORIAD TO THE SPORT BOTTLE… it will filter those things out as well. But you need replenish your electrolytes. So putting a little bit of powdered Gatorade in your mouth then taking a swig of water will help you build those electrolytes back up again.
Another good thing is adding a bottle of salt pills. These will help you replenish your electrolytes as well. Keeping hydrated and the electrolytes up will help you in your trek home.
ER Emergency Ration 3600+ Calorie, 5-Year Emergency Food Bar - http://tinyurl.com/PZ-3500-ER-Bar
Berkey 22-Ounce Water Filter Sports Bottle - http://tinyurl.com/PZ-Berkey-Sport-Bottle  
Emergency Water Packets – http://tinyurl.com/PZ-Emergency-Water

Gun Shot Kit / First Aid Kit

quikclotAnother item that you want to have in your bug out bag is medical supplies like an Israeli Compression bandage, Tourniquet, quick clot blood clotter. These are needed just in case one sustains gun shot or bad knife cut. If there is a terror event taking place, there could be a chance that you could get cut or shot. You will need to have the items on hand to stop the bleeding.
Something else that a number of people have told me about is having a small tampon in your gun shot kit. A small tampon can be pushed into the bullet hole and then deployed into the wound. The small size tampon is about the size of a 9 mm to .45 calibur bullet. These are made to stop the bleeding and that is what you have to do. Having a few sanitary pads also are also good for knife wounds, bad cuts and scrapes. Again, these are made to hold blood and can help stop the bleeding. You can use some Gorilla Duct Tape to keep these things in place. I talk about that later on.
Another thing to have in your blow out kit is super glue. You would be amazed at the first aid uses super glue has. It is great at closing up a cut quickly. This is why I always keep it on hand.
Having a basic first aid kit in your bag is also a good idea. I created my own and have multiple zip lock bags already to go depending on what I need them for.
For example I have a “blow out” kit. This is for gun and knife wounds and I have all I need in that zip lock bag ready to go.
coleman-first-aid-kit-webI then have my basic first aid zip lock bag with all I would need to treat basic wounds, sore muscles, burns, stings and such.
My final bag is my own odd assortment of stomach meds, allergy meds, head ache, nausea, and whatever else I can think of.    
But if you want to keep things simple, then I like the Coleman’s Expedition First Aid Kit. It has 205-Pieces and it is slim in a neoprene sort of case. This will fit well in your middle or front compartment. What is nice is there is enough room to add to this kit some items that you want, for example a “blow out” kit, some stomach meds, or something for sore muscles.
Military Issue Combat Application Tourniquet - http://tinyurl.com/PZ-Tourniquet
Quick Clot Blood Clotting Agent - http://tinyurl.com/PZ-Quick-Clot

Just a Note on Sore Muscles

tiger-balmThis is something that a lot of people do not think about to put in their bug out bags / Get Home Bag. You are probably going to have to walk home. That may be 10, 20, 30 plus miles. You will be sore, muscles will hurt. So it is a great idea to keep something for sore muscles and pain relievers. Personally I LOVE tiger balm and in fact we use it all the time. It comes in a really small jar that you could keep in the first aid kit and a little bit goes a long way.
Keeping a few pairs of extra socks and a few pairs of extra underwear also in your bag is a very good idea. You do not need clean pants or shirts, but clean socks and underwear are not only a pick me up motivator, but it will help prevent blisters, chafing and fungal infections. Putting a small bottle of Gold Bond Medicated Powder in your bag is also a good idea. This will help prevent any fungal infections taking root.
Believe me, I speak from experience. When I was in Spec Ops and out in the field, we easily walked 20 + miles a day with a heavy rucksack on our back. Having fresh socks, underwear and some body powder was like a blessing from heaven. If you have to walk home, you will be glad for the little comforts as well.
There is an old saying ”Take care of your feet and they will take care of you.” Believe me, this is gospel truth there friend.
Gold Bond Medicated Powder - http://tinyurl.com/PZ-Goldbond-Powder

Clothing, Shoes, Hat & Gloves

While we are talking about extra socks and underwear, if you have to wear more “business attire” that is not made to withstand the elements, you may want to put a change of clothes in your bag as well as a good pair of hiking boots, which you can tie to the outside of your bag to save space.
Amechanics-gloves-web good pair of jeans several shirts, thinking layers, so a “T-Shirt” then a long sleeve shirt and then even a long sleeve wool shirt or light jacket depending on where you are located. IF you are in a colder region, you may want to pack some Thermasilk long underwear. Yes, they are more expensive, but they keep you warmer and they are lighter to carry instead of the bulky cotton ones you normally find.
It is always good to have some sort of head covering like a good baseball hat, stocking cap or both. You lose the most amount of your body heat from your head. IF you keep it covered, it helps keep in the heat. A hat also protects your head from the elements and will cushion a bit if you bump your head against some low hanging branch, or some sort of obstacle you may be crawling / ducking under.
Finally, a good pair of gloves that allow your hands to breathe as well as protect your hands. I like the “Mechanic” brand of gloves. They are meant to take a beating, but they are thin enough to maintain your finger dexterity.
You want to wear gloves on this hike home. You may fall, need to climb walls or fences, crawl on the ground, move debris, a number of things you may encounter where you may need to clear obstacles with your hands. Doing something like that when your hands are not used to it, and without gloves, your hands are going to look pretty chewed up. You will need your hands to get you home, so make sure you protect them with a good pair of gloves that you can really work and maneuver in.

Tomahawk / Map & Compass

tomahawk-compass-webA much needed tools to have in your Bug Out Bag / Get Home Bag are a tomahawk, map and compass. I personally recommend United Cutlery’s M48 Ranger Hawk Axe with Compass. I personally have this very tomahawk and I have put it through its paces. It is a GREAT cutter and you can put a real good edge on it. The compass is a good military type compass that when you pair it with a map of your local area, will help you get home.
Why I recommend having a tomahawk in your bag is that it will double as a weapon, but you may need it to cut open a door, break a window, chop wood or chop up a wooden pallet to make a fire.
The Tomahawk is a great all around tool and that is why many of the frontiersmen carried them.
The compass is needed to help you get home, especially if you have to go navigate areas you may not know or know as well. You do not know what sort of situation may be taking place, so you may have to avoid areas that have riots, fires, who knows what. So having a map and compass in your Bug Out Bag / Get Home Bag is critical.
Tactical Tomahawk and Military Compass - http://tinyurl.com/PZ-Tomahawk-and-Compass

Poncho, Poncho Liner & Space Blanket

You have to think about how long it may take you to literally walk home. Many people commute and live far from where their home is located. So you might have to spend the night someplace.
Forget those “survival blankets” made out of mylar. They rip really easily, they are shiny like a mirror, and they are very noisy. Plus they really do not do a good job of keeping you warm. They cost what, $3.00 or so? Well you get what you pay for.
space-blanketBut you need something that will help you get home that you can use multiple nights if is necessary.
When I was in Spec Ops we did not have the luxury of sleeping bags. What we used was a wet weather poncho and a blanket type item called a poncho liner.
When you tie the poncho and liner together, you have a pretty good weather proof blanket that you can cover up with and get a good night’s sleep. The newer wet weather poncho also comes in a digital cammo pattern. Covering up with this will also camouflage you and not draw attention to yourself. Being digital cammo, the pattern does well in both a city and urban and wooded environment. You need to remember that things may not be going well and you will not want to draw attention to yourself. So remaining camouflaged may be something that you want to do and having a digital pattern poncho could help you with that.
NOW… to kick this up a notch and this is what I personally carried, was an all-weather space blanket that is the same size as a military poncho. These do not have the hole or hood cut out in the middle. I tied my poncho liner into space blanket and had a great warm blanket. If you have a wife who likes to sew, have her sew the two together, but keep them seam on the edge so that there are no holes in the middle to prevent rain from seeping in. Just so you know, I have slept in mine in below 30 degree weather and it kept me toasty warm.
How I used all these items together…
I would gather up a pile of leaves or pine needles. Once I had a good pile, I would cover that with my poncho. Then lay on top of the soft pile covered with the poncho and then cover up with my space blanket and poncho liner. Let’s just say that I started a trend with my team and we all slept well, that is when we were able to get some sleep.
A good military poncho and poncho liner will also help protect you from the elements, keeping you dry as well as warm as you are walking home.
Pairing the poncho with some 550 paracord, you can also make a shelter out of the poncho and still have the poncho liner to keep you warm.
Here are some examples…
blog poncho
The military poncho is a very versatile tool. But you couple that with a space blanket and poncho liner and you are able to handle just about any inhospitable weather Mother Nature wants to throw at you. These fold/roll-up pretty tight, they are light, and easy to stuff in your small backpack Bug Out Bag / Get Home Bag.
Military Poncho Digital Cammo – http://tinyurl.com/PZ-Military-Poncho-Digitalcamo
All Weather Space Blanket - http://tinyurl.com/PZ-Space-Blanket
1000 Ft of Black 550 Paracord - http://tinyurl.com/PZ-Black-550-Paracord

Sturdy Computer Back Pack

Speaking of which, where do you carry all this stuff in?
backpack-tomahawkI personally have a Samsonite Tectonic Large Backpack. This has been with me when I speak at conferences; it has traveled with me to Belize, Costa Rica and now here in Panama. I have literally abused this bag and it just keeps going. As you can see in the picture, I always keep it somewhat packed and ready to go. All I need to do is slip my laptop, kindle, a few other items like my tomahawk / survival knife in it and it is ready to go.
Some nice features is that some of the more critical zippers are " self-healing", and another thing is that there are nice back comfort pads all in the right places. The back pads also have channels so that if you are wearing it for a long time, your back still gets some ventilation.
This is one tough bag and I have worn out a few of my other back packs, but this one just keeps going. The quality is great and none of the seams have given out or torn. This has easily weighed at times, over 50 lbs when I had it stuffed full with just about everything I need. The zippers did not pop, and the strap seams held up even when I am swinging it up on my back fully loaded.
ONE Negative, is that there are so many zippered pockets and such that you will lose stuff in this backpack. Over the years I have learned to compartmentalize the back pack.
Here is what I have done...
The first small pocket - at the very bottom, that holds my MP3 Player, clippers, chap stick and any meds that I need quickly.
The netted pocket - I do not put much in that I do not want to lose. So I mainly keep wet wipes in that so I can get to them in a hurry if I need them.

First Main Compartment

The first main zippered compartment is all my first aid gear, and I tend to carry a lot of that. Every time we have ran into a situation and I did not have the proper meds, I adjust my med carry. As I mentioned before I separate the first aid items out based on the use and keep them in heavy duty freezer zip lock bags. This way I can grab that certain bag and it has everything I need.
This compartment also has two main pockets and a divider to keep pens, pencils, other small items. That is where I keep my note making items, a small folder knife and my Fenix Flashlight. There is a built in snap link cord that I hook to my flashlight so that I do not lose it. I also might hook my keys to that as well. The second pocket I will keep a battery backup power source to power up my cell phone or such. I also will keep my Kindle in this pocket for quick access.
Fenix PD35 960 Lumen CREE LED Tactical Flashlight - http://tinyurl.com/PZ-Fenix-Tactical-Flashlight

Second Main Zippered Compartment

This is where I keep all my electronic items, cameras, cables, extra batteries. I have other items like some extra clothes, my ER bars and empty water bottle. This is also divided into two main compartments with pockets on the dividers. There is also a pocket on the front wall of the compartment. This is why I say that you can lose stuff in this backpack because of all the pockets. That front wall pocket I will keep more batteries and smaller items and my cell phone wall charger so that I know where it is. All I need to do is reach in, run my hand down that front wall and it will go into that pocket and then I can feel for my wall charger pretty quickly.
If you have not gathered it by now, this is my catch all pocket from food, clothes, electronic gear and whatever else I want to throw in here. This is the largest of the compartments. The second pocket in this main area is where I keep my tomahawk or my Blackhawk Tatang knife, or even both. There is enough room for that.

My Tatang Survival Knife

If you are looking for a great survival fixed blade knife, I HIGHLY recommend this knife. It is a high carbon steel knife that I can sharpen to a razor edge with a rock if I have to. This is why I love higher carbon based knives. This blade is so sharp I can literally shave with this knife.
Here is my Tatang in relation to a K-Bar. As you can see this knife has got some heft and you are able to also choke up on the blade to give you more fighting agility. Hold it by the grip and it will hack into any tree or lop of any branch you need it too. I have also sharpened the top edge, which was sharp when I pulled it out of the box, but now it is razor sharp. This knife with its “Spear point” can literally double if need be as a spear. Strap it on with some 550 cord to a long stick and you have a pretty formidable weapon and a means to defend or hunt if you have too.
It is also very versatile where you can dig with this knife, chop as I mentioned, and even use it to skin out a deer or hog. The edge holds pretty well and I was really surprised. This is a knife that if you had to, you could even throw it. But it would take some practice to do that.
tatang-kabar
This is a beast of a knife and is one of my top ten knives out of all the knives I own. This is definitely my “go to” knives if I needed to be in a survival situation and the main reason why I purchased it.
Now back to the back pack…

Third Zippered Compartment

This is the one that is meant to hold your computer. I have an HP laptop and it fits mine perfectly. I do not worry about it getting damaged or banged around. One negative is that you may want to put a little padding at the bottom just to give it some extra padding to protect your laptop. But I am always looking out for my laptop because without it, there goes my livelihood. So I may be a little over protective, thus the little extra padding.
This compartment is not that wide, so it really is meant for your computer, mouse, power cord, mouse pad. You can also put your iPad or Kindle in here as well with some room so that they are not plastered up next to each other.

Other Gear You May Want

I have other odds and ends gear that I like to keep in my bag, some of which you may be interested in having also.
A Survival Whistle – I can whistle pretty loud, but it is good to have a real survival whistle that can be heard from a good distance. It is best to get a marine survival whistle. This has a higher pitch and is ment to be heard over lower decibel sounds like waves, wind and splashing. People hear that high tone and it just does not blend into the natural sounds.
skeletoolLeatherman SkeleTool CX Multitool – This is a great multitool, it is on the expensive side because it is the one made with carbon fiber, which makes the weight about 5 ounces. This has all the basic tools that you really need…
  • A lock blade Knife
  • Screw driver with philips and flat head bits
  • Needle Nose Pliers
  • Regular and Hard Wire cutters
  • Bottle Opener / Carabiner
Really, those are all the tools that you will really need in the day to day life. I have used my Leatherman for a million and one things. I got it when they first came out and I have loved it ever since. You can carry it on your belt loop, which is what I often do, or slip it into your pocket. There is a belt holster you can get for them, but I don’t like those so I don’t use it. Clipping it on my right side belt loop and then my cell phone can also help hold it in place which I do clip to my belt.
Here is a video review I did several years ago - https://youtu.be/_WbVycdnZbw
Uzi Tactical Pen – I know that I have talked about this already, but I LOVE my Uzi Tactical Pen. I have had my Uzi pen now for about 4 years. I love this pen and it writes great. I like that I can get refills for it and it keeps writing. I keep this in the pen area of the back pack.
Cold Steel Inferno Pepper Spray Pen – Alongside my Uzi Tac Pen is my Cold Steel Inferno Pen. This thing is great and you can carry it with you in your shirt pocket. It really looks like it is a fountain type pen. What I like about Cold Steel Inferno is that it is a foam, not a liquid spray. One of the problems with most pepper sprays is that if there is any wind or breeze, liquid has a chance of some of the spray droplets / mist blowing back in your own face thus defeating the purpose. Cold Steel’s foam does not do that. The foam attaches itself to the face and then instantly melts from the heat of the skin. So wiping it off is difficult. When it liquefies it will run into the eyes, mouth and easily be sucked into the nose. One good shot in the face with Inferno will dilate the capillaries of the eyes causing temporary blindness. It will induce choking, coughing and nausea and most importantly trigger and immediate and massive sneeze reflex (due to the atomized black pepper particles) that will drag the super hot Habanero chili extract deep into the mucous membranes of the sinus cavities of the nose, throat and lungs causing them to swell up and prevent all but desperate life support breathing.
Cold Steel Inferno Pepper Spray Pen - http://tinyurl.com/PZ-CS-Pen-Pepper-Spray
Spyderco Resilience G-10 Plain Edge Knife / Cold Steel Voyager Clip Point XL – This is one of my “EDC” knives. I like big folders and I swap out between this and my Cold Steel Voyager Clip Point XL folder. Right now this is the one that I am carrying and I love it. What is great about the Spiderco knives is that you can do a red-neck fix on them by putting a zip tie on the ring and it allows the blade to be deployed as you are pulling it out of your pocket.
spiderco-resiliance-zip-tie
This is a great all around carry knife that you can keep in your Office Bug Out Bag / Get Home Bag, or do what I do and swap out knives from time to time. So right now my Cold Steel Voyager XL is in my bag but I will probably want to start carrying that again and put the Spiderco back in.
coldsteel-voyager
Both of these knives are big folders, or what some people call “pocket swords.” What I like about these sort of knives is that I am able to “flick” them open with some practice, thus speeding up the deployment, and if you need your knife in a hurry, then this is a great thing to learn how to do. Once you learn how to flick it open, it is a noise that people just know and raises the hair on the back of their necks.
Here is a video review that I did a while back on the Cold Steel Voyager Large and the XL knife.
Spiderco Resilience Lock Blade Knife - http://tinyurl.com/PZ-Spyderco-Resilience-Knife
Cold Steel Voyager XL Clip Point - http://tinyurl.com/PZ-CS-Voyager
Gorilla Duct Tape – Yep, every guy needs duct tape, it is what holds the world together. But I really love Gorilla Duct Tape. This stuff really sticks and the cloth tape itself is heavy duty. Odds are that if you are guy reading this, you have already worked with Gorilla Duct Tape and you love it as much as I do. Either you can keep the whole roll in your bag or do like what I do and roll up about 20 feet on your own. It is easy to do, just start unrolling it, and roll it back up on itself. I used a wooden dowel to roll it back onto it self just to give it some rigidity. You can also fold back on itself and accomplish the same thing.

Items I Recommended

ER Emergency Ration 3600+ Calorie, 5-Year Emergency Food Bar - http://tinyurl.com/PZ-3500-ER-Bar
Berkey 22-Ounce Water Filter Sports Bottle - http://tinyurl.com/PZ-Berkey-Sport-Bottle  
Emergency Water Packets – http://tinyurl.com/PZ-Emergency-Water
Gold Bond Medicated Powder - http://tinyurl.com/PZ-Goldbond-Powder
Military Issue Combat Application Tourniquet - http://tinyurl.com/PZ-Tourniquet
Quick Clot Blood Clotting Agent - http://tinyurl.com/PZ-Quick-Clot
Tactical Tomahawk and Military Compass - http://tinyurl.com/PZ-Tomahawk-and-Compass
Military Poncho Digital Cammo – http://tinyurl.com/PZ-Military-Poncho-Digitalcamo
All Weather Space Blanket - http://tinyurl.com/PZ-Space-Blanket
1000 Ft of Black 550 Paracord - http://tinyurl.com/PZ-Black-550-Paracord
Fenix PD35 960 Lumen CREE LED Tactical Flashlight - http://tinyurl.com/PZ-Fenix-Tactical-Flashlight
Cold Steel Inferno Pepper Spray Pen - http://tinyurl.com/PZ-CS-Pen-Pepper-Spray
Spiderco Resilience Lock Blade Knife - http://tinyurl.com/PZ-Spyderco-Resilience-Knife
Cold Steel Voyager XL Clip Point - http://tinyurl.com/PZ-CS-Voyager
Credit to prophezine.com

Deutsche Bank To Fire 25% Of All Workers


Image result for No recovery

Deutsche Bank has witnessed an exodus of executives this year in what’s been a tough stretch for the German lender. Here’s a brief recap of the bank’s recent trials and travails for those who need a refresher:
The bank, which has paid out more than $9 billion over the past three years alone to settle legacy litigation, has become something of a poster child for corrupt corporate culture.

In April, Deutsche settled rate rigging charges with the DoJ for $2.5 billion (or about $25,474 per employee) and subsequently paid $55 million to the SEC (an agency that’s been run by former Deutsche Bank employees and their close associates for years) in connection with allegations it deliberately mismarked its crisis-era LSS book to the tune of at least $5 billion. 

But it was out of the frying pan and into the fire so to speak, because early last month, the DoJ announced it would seek to extract a fresh round of MBS-related settlements from banks that knowingly packaged and sold shoddy CDOs in the lead up to the crisis. JP Morgan, Bank of America, and Citi settled MBS probes when the DoJ was operating under the incomparable (and we mean that in a derisive way) Eric Holder but now, emboldened by her pyrrhic victory over Wall Street’s FX manipulators, new Attorney General Loretta Lynch is set to go after Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings PLC, Royal Bank of Scotland Group PLC,UBS AG and Wells Fargo & Co. 
As for the employee exodus: 
Co-CEOs Anshu Jain and Jürgen Fitschen were shown the door (well, technically they resigned, but with shareholder support plummeting amid skepticism about both financial targets and ongoing legal problems, it’s easy to read between the lines) in June after which the bank’s global head commercial real estate Jonathan Pollack defected to BlackStone. Pollack's departure came just one month after the bank's head of structured finance Elad Shraga left to start his own fund. Shraga was instrumental in helping Deutsche become "an award-winning arranger of asset- and mortgage-backed debt." Shraga had been with Deutsche Bank for 15 years. 
Well now - and this follows similar cuts across Wall Street and underscores the extent to which Mario Draghi hasn't succeeded in printing the EMU back to economic prosperity - quite a few more employees will be departing, only this time, the departures will be ... how should we put this ... oh yes, “mandatory.” Here’s Reuters
Deutsche Bank (DBKGn.DE) aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank (DPBGn.DE) division, financial sources said on Monday.

That would bring the group's workforce down to around 75,000 full-time positions under a reorganization being finalised by new Chief Executive John Cryan, who took control of Germany's biggest bank in July with the promise to cut costs.

Cryan presented preliminary details of the plan to members of the supervisory board at the weekend.

A spokesman for the bank declined comment.

The bank is primarily reviewing cuts in the parts of its technology and so-called back office operations that process transactions and work orders for client-facing staff. A significant number of the some 20,000 positions in that area will be reviewed for possible cuts, a financial source said.
Whether or not the move will do anything to appease impatient shareholders (the same shareholders who ultimately forced out Jain and Fitschen for foot-dragging on efforts to boost profitability) or, more importantly, to improve the bank's utterly corrupt corporate culture remains to be seen but we can't say we're optimistic.
The cuts, it should be noted, aren't unexpected. As Cryan noted after taking the helm, "the investment bank’s securities and derivatives trading businesses can’t continue to soak up capital. We cannot afford that luxury. Reducing this reliance should not place us at a competitive disadvantage as the market has anyway already moved in that direction." Fair enough. We just hope there are still some competent people around to manage this:
Credit to Zero Hedge