Hi there fellow Steemians,
While the world is watching the start of the banking collapse in the form of bailouts in Italy, we are not watching the risks that German banks are posing.
Please read below article on CNBC. Very important to know when it is time to pull your currency out of the banks as they have all implemented new rules that allow bail-in's.
A bail-out is that the state pumps money into banks. Who pays for this you should ask... The taxpayer... YOU, pay for this and your children and grandchildren...
A bail-in means that the people holding currency and assets with a bank will loose part or all of their assets to keep the banks afloat. TIME TO BE VERY CAREFUL, TROUBLE IS ON THE WAY!
The German banking system is showing cracks and when it goes it will have a swift domino effect throughout Europe and then the rest of the world.
I hope you found this useful. If so please upvote and resteem as this is important for people to be aware of and do their own research.
If you would like me to write and article showing ways to protect yourself and even make a good profit on the upcoming collapse please let me know below and I will work on an informative article for you. I have personally been very successful in with the strategy I have taken and will gladly share.
Have a great day,
The real question is how this will shake the cryptomarket. When people and given Americas current world volatility how our alliances will be tested if Germany does take a dive.
That my friend is taking it to a deeper level. Alliances are already falling apart swiftly. Germany has already spoken out for Europe not to count on the US as an ally any longer. The deterioration started years ago when Wikileaks shared info regarding spy programs of allied governments that were spying on each other. :)
As for the crypto market... Above points, that you are also pointing out, are amongst my strongest reasons to have exited the banking system all together and now am holding gold, silver, several crypto's and cash. How about you? How are you positioned? As you know, crashes mysteriously happen in weekends so that you wake up to it on Monday... ;)
Thanks for your thoughts mate! Have a great day!!!
@Ozz
I got crypto but yeah other than that i'm probably pretty screwed, not really worried about it honestly, as there is opportunities to be made in situations like this. A global crash of the fiat system has been a long time coming china will be fine tho they always are.
China has been holding gold for a long time now ;) Agreed! Thanks for your reply mate!
@Ozz
Very Interesting...
For sure! Thank you for your reply! @Ozz
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STOPGreat post. I enjoy these posts. Check out my blog..it's not as good 😝
Hahaha, thank you for the compliment and your support. So happy that you are enjoying my blog! There will be a lot of new content following so drop in from time to time.
@Ozz
Reading the article at CNBC, this sounds like STRATEGY and NOT NEWS.
(Possibly, Paid for and bought by Big Bank)....
So, the chief economist at a Big Bank (ING Germany) criticized the inefficiency of little banks.
Furthermore, Big Bank highlights report from BIGGER Bank (IMF) to criticize little banks.
Basically, Big Bank saying little banks are bad.
The criticism rooted in "Germany is overbanked, too many banks, very little consolidation has taken place,"
Sounds to me like Big Bank wants to Eliminate Competition, Crush or Buy these little banks.
Exactly and then move to the state of a Global Bank. Yes, it is strategy. Do you agree or do you have another intended outcome? Thanks for your reply!
@Ozz