Author Topic: got all your money in euros? open a german bank account  (Read 316 times)

Offline vivafuerte

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got all your money in euros? open a german bank account
« on: January 09, 2019, 21:24:24 pm »
with the latest bank in italy being bailed out by the European Central Bank (not the Italian central bank, worth noting, that in its self is scary), Banca Carige, the euro is looking very very weak.

so why put all your money in a german bank ?

if the euro starts to get too volitile the germans will just start printing duetchmarks again and switch, they will defacto transfer all euro held in german banks at the best exchange rate to the local german currency before the euro collapses thus protecting their own and not being hurt by the demise of the euro.

Offline Will196

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Re: got all your money in euros? open a german bank account
« Reply #1 on: January 11, 2019, 05:26:18 am »
Considering all the German banks are more or less bankrupt you're counting on the goodwill of the German government to save you.

Don't be surprised if they decide to only save their own.

Offline whyme

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Re: got all your money in euros? open a german bank account
« Reply #2 on: January 11, 2019, 07:05:27 am »
It does show how much faith they have in the EU though doesn't it.

Online Ivemovedon

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Re: got all your money in euros? open a german bank account
« Reply #3 on: January 11, 2019, 07:36:59 am »
None of them have any real faith in the future of the EU. Least of all the Eurocrats themselves. It's a well paid career path for them and that's about it. Make your fortune now while the goings good and Europe's taxpayers are still there to be robbed. As for our lot many of them look at it merely as an alternative to British political life..a possible safety net if all fails here. Brexit looks increasingly less likely by the day...or anything resembling a proper detatchment. You have those same self serving Westminster rats to thank for that. One thing you can count on is whichever way it goes..they will be financially secure.
« Last Edit: January 11, 2019, 07:38:46 am by Ivemovedon »

Offline vivafuerte

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Re: got all your money in euros? open a german bank account
« Reply #4 on: January 11, 2019, 11:03:11 am »
the Euro is best compared to a suicide pact.


Offline vivafuerte

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Re: got all your money in euros? open a german bank account
« Reply #5 on: January 11, 2019, 12:05:03 pm »
germany enters recession

https://www.businessinsider.com/germany-just-went-into-a-recession-2019-1?fbclid=IwAR0Z2jbY8N6MlCIp6LeUJJFWKJ8y8CzCVimGUe5Kq82440HaKozIJ1CCyKU&r=US&IR=T

lets see what this does to the euro, greece and italy might not make this one.

Offline whyme

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Re: got all your money in euros? open a german bank account
« Reply #6 on: January 11, 2019, 13:22:55 pm »
At least the people are starting to get out on the streets to be heard albeit in just small numbers for now.