>Do not expect any more help. Germany will not help ailing lenders such as Deutsche Bank DB -6.67% , a senior lawmaker in Chancellor Angela Merkel’s conservative bloc said on Thursday, as resistance grew to any possibility of staging a rescue.
With Merkel meeting European Central Bank chief Mario Draghi on Thursday, Berlin has already flatly denied it is planning any repeat of the taxpayer-funded bailouts that Germany and other Western countries mounted during the global financial crisis.
You guyz make me nervous. I will be pulling out hundreds of thousands of my hard earned shekels from my Deutsche accounts then ... and put it right on an account with Royal Bank of Scotland or an account with Llyods, those banks have a history of being rock solid!
Carter Williams
Merkel seems to want Germany to burn
Julian Sullivan
Would rather have pounds under my bed then euros right now
Easton Hill
-6% damn this shit is really happening. If they hit €9 it's over and out
Nolan Flores
Both are shit mate, but at least RBS don't have 40 trillion of derivative exposure.
Brandon Cruz
Everytime the CDU and Merkel are called conservative my sides begin to leave orbit
Ryder Brown
Her party is supposed to be conservative. But with Merkel they elected someone who doesnt give a fuck about that and just wants to get power. Its like Clinton would be the repuplican candidate
Brandon Turner
artificial numbers, the economy... and failing (society/ culture & identity/ history/ safety/ ... all were thrown out of the window long long time ago)
Josiah Martinez
Most of my savings are in Euros. How will this affect me?
>USA sues for 14 Billion >DB is only worth 15.5 Billion atm
Kek
Liam Anderson
...
Noah Phillips
Dinar currency of the future
Jordan James
should i buy AUD while my euros are still worth something
Cooper Campbell
RARE A R E
Ethan Watson
I'd take our currency over the euro any day, honestly. Brexit was one big deal that hurt the pound, but the euro has lasting detriments that can't be directly controlled through fiscal policy.
Aaron Cox
Space nigger?
Caleb Brooks
Yo what the fuck unknownanon
William Howard
It doesnt matter, if DB goes down, everything goes with it
Not affected by DB meaning Australia is the most powerful race in the world
Also the bank is getting bailed out again
Samuel Scott
...
Connor Lopez
The current rise is moving very fast
Looks like it might be a spike to me. It might crash pretty hard later or tomorrow.
Anthony Bennett
This just shows that private interests have complete sovereignty over national governments already. The NWO is only a matter of time. They're going to use soft power with money to force all people's to accept their one world government
END THE FED
Kayden Miller
Should I invest my money in real estate at a village further away from a major city?
Cooper Hill
W E W E W
Julian Murphy
R A R E A R E
Matthew Wright
When the trade today started it was at 10.10, now it's 10.43. >when Cred Forums isn't right
Noah Brown
Who is bailing the bank out?
Joseph Barnes
German taxpayers
Carson Moore
Ah the old make the middle class poorer so the rich can stay rich strategy.
Ryan Myers
seriously. There's literally no way Germany or the EU is just going to let DB fail.
Connor Ortiz
If she doesn't straight bail it out, she will loan it money or have the government take over part of it in exchange for the money it needs. Something like that.
Zachary Martinez
SHORT SHORT
Jacob Anderson
bailouts are a loan m8
Julian Garcia
HOLY SHIT GUYS TURN ON BLOOMBERG
Xavier Lewis
that... or you know... just burn it. if you get scared that easily you won't have much soon anyway..
Brandon Miller
are they actually telling people to invest in DBK GR ;D
Elijah Mitchell
Real Estate in Germany is a sucide mission. Once the local government decides your neighborhood needs a mosque or a rapefugee shelter you easily lose 50% of your value (which, depending on your real estate prices, is in the order of magnitude of 100000). Buying real estate is the epitome of putting all your eggs in one basket.
Aiden Bailey
Commerzbank heatenings
David Barnes
isn't that what needs to happen to stop it from falling apart?
Landon Walker
Just put it in a different bank. I already did that at the start of the week. You should do so even when you have less than what the Einlagensicherung (100.000) guarantees you.
Adrian Long
>You should do so even when you have less than what the Einlagensicherung (100.000) guarantees you.
why is that? just to save yourself from the hassle or what?
Austin Green
No ivestmants can save it - you'll just lose your money
Kayden Martinez
Should I invest all my money on toilet paper before money loses its value?
Christian White
lol... if you invested in a part of a town where that could become an issue you're an idiot anyway.
that said.... investing in housing is stupid in most european cities right now... however there are some issues that one should consider in germany -> we don't procreate -> housing prices in smaller towns and villages will begin to plummed soon...
Tyler Ramirez
bullshit... you actually don't need that much money to save them... and the Investor could also pressure the us, uk, and germany for some bail out money.
it's quite possible the stock prize will take a jump once the fine gets reduced...
Elijah Roberts
If you think there are areas where this can't happen you are deluding yourself. They even deploy rapefugees in villages in bumfuck nowhere. Next stage would be when they do to private property what they do to somewhat public buildings now: Impounding them for cents on the euro. It's just not a good idea to concentrate so much money in a single point of failure.
Julian Murphy
Yes, toilet paper will be the most valuable commodity in a post-crash Europe. No one wants a shitty arse, and bidets will cease to function without running water.
Joshua Gray
Many smaller banks (and that's the vast majority in Germany) have their own security mechanisms if one of them fails. So you have double the security. And I'm not so sure how reliable the state-guaranteed Einlagensicherungsfond is. We are sailing in very rough waters here, though nobody seems to see it. Everybody thinks Germany is smooth sailing.
Luis Wilson
>if you invested in a part of a town where that could become an issue you're an idiot anyway.
You're an immense retard if you think you can predict that.
Owen Bailey
You have never been to London. There are areas with people who are from a culture that doesn't even has discovered toilet paper yet :)
Brody Thomas
sorry... i thought you were serious... just another austrian shitposter...
your cities are far worse Investments... just look at wien and it's communist housing market and policies... i mean good for the people living there... not so good for people that want to invest...
Aiden Nelson
You are not the first German who goes bust, so if this sexually arouses you, more power to you.
Jaxson Clark
Buy the dip, goyim!
Brayden Rogers
>Everybody thinks Germany is smooth sailing.
Germany's real economy has been doing very well the last years, so there's reason to believe that.
Leo Diaz
What security measures do the smaller banks employ that the big ones don't? Really curious
>We are sailing in very rough waters here Yeah, that we are man.
Anthony Davis
Brexit will be the end of the UK economy, goyim!
Jaxon Murphy
It's still doing well, just look at indices which are not braindead, like the MDAX.
Matthew Gray
it's quite easy you fucktard... no muslims -> no mosque
german towns can't just slap refugee Centers anywhere they please... there is actually some regulation and they avoid richer parts of the city as there is less public infrarstructre property left by now (already developed) and they also get delayed havily in court...
it's allways been that way... allways will. poor people get fucked..
Jayden Carter
>replying to australian posters state socialism =/= conservativism
Jayden Gomez
They have rougher hands than we do
Aaron Clark
>You should do so even when you have less than what the Einlagensicherung (100.000) guarantees you.
I will. I just opened up an online direct bank account, am waiting for the account details and the moment I have them, I will transfer 80,000 Euros from my Deutsche Bank account to that. I will only leave bare essential on my DB account, about 25,000.
Matthew White
jesus austria...why so agressive? run out of kids kids to fondle in your basement?
Christian Morris
What country is that?
That's what I was thinking. Are there any other commodities which will suddenly become very valuable if the economy crashes? Soap?
Aiden Campbell
Markets tend to get a little upswing on a friday, sends everyone home in a good mood.
Jack Morales
Why do Germans believe in the Einlagensicherungsfonds? It's coming from tax monies, and after they bail out DB they won't have any money left to bail out peasants.
Charles Brown
>Germany's real economy has been doing very well the last years
We are selling our products with an undervalued currency. We are giving them away for free. Also we have achieved that by flooding our country with all kind of niggers i.e. cheap labour. Also inside the Eurozone we don't get anything back for our exports. Inside the Eurozone bills are never paid. They just run up forever. They are owing us 600bn now. We won't see a cent of that back.
We are in deep shit.
Brody Carter
It's pending around €10.43 for a long time now
Logan Butler
Fritzl rots in prison for the rest of your life while "Germans" doing comparibly atrocious things in Germany get 200 hours of social work and are free to rape again.
Luis Allen
I know about all of that. Nonetheless, we have an AAA credit ranking, budget surpluses, dropping unemployment.
And our wages are still amongst the highest in Europe, so we ain't really doing things for free.
Kevin Williams
Surely this won't affect Aus? We'll be fine again right?
Ethan Mitchell
Australian Dollar will stay as shitty as it is. No worries mate.
Aiden Collins
if you really want the memes to leak into reality rev up those twitter account and start telling people to pull their money out of DB
it won't make even a 0.001% dent, but it will give the issue the (((media))) spotlight
Jayden Clark
Germany wants Germany to burn
Jack Ortiz
You mean putting money *in* of DB and short squeezing evil kikes like Soros to death.
Ryder Harris
>being so assblasted about getting rekt in state elections that you crash the economy out of spite because woman logic I graduate this semester so ken yae faking no?!
Lucas Sanchez
It was sub 10 earlier @ -8%.
Wyatt Ward
Convert to a commonwealth country currency
Samuel Gomez
Fear has already set in and the long weekend will help it brew.
There will be a bank run but not until Tuesday.
Joshua Carter
Couldn't be as shitty as the dacks of your sisters/daughters in the basement though.. right?
Dominic Kelly
investing in part of town that are going through gentrification was a good move. Did not require a big income to start. And your primary residence was an investment in itself.
Now housing is an investment for very wealthy people, that can afford to buy in the really expensive neighborhoods that have a chance to be protected from migrants or secondary residence for renting in shitty part.
Luis Morris
>horrific betrayal of 1400 children >commonwealth stronk
William Richardson
db has put their retail Segment into a daughter quite some time ago... they actually wanted to sell it pre-2008 :D
they don't make much money with that shit..
Adam Ward
It's the shemitah.
Daniel Brown
Hitler.
But I guess that is a good thing.
Asher Morgan
exposure and investments in eachother. If one suffers, all do. Think of 2008 which started in the US and affected the whole world
Kayden Bailey
Falling again! €10.33
Adam Myers
The Reich was a bigger peace project than the EU ever will be.
Andrew Ortiz
Kek is back , baby!!!!!!!!!!!
Jacob Clark
impressive
Gabriel Adams
>no crashi-chan ITT how do you guys expect to get this bank to crash without some meme magic?
Juan Price
I'm Polish Aussie and love Poland but I sort of agree. You have to admire anyone who tries to take the world to task.
>Get up >make coffe >go to Cred Forums >HAPPENING! HAPPENNIIINGNG!!!!! THIS IS REAL! IT IS FUCKIN HAPPENIN! >close Cred Forums and end my coffe >go training >get back. >not a single happening post.
this is the trust you can have on these happening threads.
Protip: if you want to know when it's really happening, look at mass media. when mass media talks about it, it's so big to keep it hidden. until then, (((they))) will found a way
Adam Murphy
>Ave Maria the most beautiful piece of music in history
Michael Gomez
>Spain >morning till 13:00 coffee and training nothing more to see here lads
Daniel Collins
Very true.
Samuel Walker
>Spain. >wake up at 12:00/13:00 This about sums up why Europe is dying.
Alexander Lewis
>What security measures do the smaller banks employ that the big ones don't? It's just an additional layer. You know, all the Sparkassen and Volksbank/Raiffeisenbanken are looking for each other if one of them goes bust. They also check each others books, I think, so that this doesn't happen.
>Yeah, that we are man. I'm looking forward to the storm. A lot of cleaning up that isn't done right now will go on after we weathered that storm.
Jeremiah Harris
>implying I just got up.
how retarded are you both, pals?
Aiden Moore
I said morning (7 or 8 or whenever you got up) UNTIL 13:00
Ian Peterson
>We are selling our products with an undervalued currency. We are giving them away for free. Selling with an undervalued currency means the opposite you cuck. It means you have a higher profit margin when selling your stuff >german education No wonder your banks are fucked
Evan Evans
>Spain. This actually solves a lot.
Christopher Thomas
CNBC and Bloomberg have been talking about it all day yesterday. It's happening.
Camden Ward
7-8 to 13:00 is not morning? wtf
sorry france we are not as important as you
Jacob Flores
>No wonder your banks are fucked Said the Italian, whose debt is 133% of GDP, despite ECB intervention.
Leo Watson
checked. I don't know how mainstream those channels are in USA, so I can't argue that with you.
Jackson Clark
>Why do Germans believe in the Einlagensicherungsfonds? Because we are obrigkeitshörig. It's definitely good to have a decent sum of money cash hidden in your home.
>we have an AAA credit ranking Lehman had a good rating as well. I really don't understand how anyone does give a wet shit about what these rating agency are telling, anymore.
>budget surpluses True. But the fugees get it. Our infrastructure/health system is still underfunded.
>dropping unemployment Yes, that's good.
It's actually called "Ellens dritter Gesang"
Isaac Robinson
>CDU >being retarded enough to lose even more voters by not keeping the promis of the Einlagensicherrungsfond Or to quote Kohl "Ich will nicht den Ludwig-Erhard-Preis gewinnen, sondern die nächsten Wahlen."
Mason Evans
>tfw Germany is bailed out by Greece
Ryan Brown
doesn't fucking matter how you call it
Ryan Davis
>Our infrastructure Isn't the problem with Infrastructure that the communes don't have enough planning capacity to utilize the money they get for infrastructure or am I missremembering from something I've read >health system Our health system gets mainly financed about insurance companies, not the state.
theres no need to be upset germany jr, you just have to make sense on your text.
Evan Garcia
It's dropping again fug
Xavier Gutierrez
>Selling with an undervalued currency means the opposite you cuck. No, it doesn't. It means we work and then trade our products for some worthless paper. You don't get rich with a weak currency. Post WW2 economies are a good example for that.
>No wonder your banks are fucked It was run by a Bergjude and then by a Poo in Loo and now by a Brit I think. They were going full cosmopolitan and now they are paying for their shit. I enjoy it.
Jordan White
wat
Kevin James
>Sorry France >France >FRANCE Dude.. Wow..
Owen Rodriguez
>. Post WW2 economies are a good example for that.
The post-WW2 boom was the most prolonged and stable in history desu.
And I also don't see why you're insisting on the weak Euro being a bad thing. Compare the state of Germany in the early 2000s, with double digit unemployment, with that of today.
Justin Carter
That reminds me, gotta brush my teeth
Austin Long
Buy Put 7€ 1M Buy Call 13€ 1M If it crashes you win If it's saved you win And that situation will not last this long.
Luke Green
>Compare the state of Germany in the early 2000s, with double digit unemployment, with that of today. That's because of Agenda 2010, not the weak Euro.
Mason Ward
>communes, infrastructure That as well, but our federal funded roads and bridges are shit as well. The railroads are REALLY underfunded and that's also partly a matter of the state.
>Our health system gets mainly financed about insurance companies, not the state. Sure, but it's the same shit. Insurance companies had enormeous surpluses last year. Then the dirty sandniggers came and we had a Beitragserhöhung a few month ago.
Julian Rodriguez
Oh my, a toothpaste joke. I hope you'll forgive me for not being hurt, since you are a burger. >Has gun. >Proud to have gun. >Allowed to have a gun. >Doesnt use said gun. This is why you'll end up with Hillary. You should've done something about this ages ago, you could've, you were the chosen one. You didnt. You fucked up.
Camden Cox
>not using based herb toothpaste with green stripes Just wow, I can't even.
Cameron Nguyen
truthful post right here
any burgerclap willing to live under clinton's tyranny (if she wins) is just as reprehensible as her
Justin Long
M8 i live in fucking California, which is about as far from DC as you can get. Also, not allowed guns here (well I mean I guess technically you are in a limited sense, but literally nobody does)
I'm not Trump's bitch, if he wants to win he's gotta do it on his own. Meanwhile I'll be working as hard as I can to make myself a billionaire and do even better than he did
Colton Roberts
>which is about as far from DC as you can get don't you forget alaska m8
Elijah Evans
>That's because of Agenda 2010, not the weak Euro. It's both. Overall, we have drained a lot of production from the rest of Europe to Germany with the Agenda2010.
I'm just saying: to lower your exchange rate is a emergency measure and it shouldn't be done for a long period of time. It shifts your economy towards low-grade, low-pay industries.
I really have to go back to work now, bye.
Cameron Wood
Both helped a lot. You see one steep drop in unemployment after Agenda 2010,another one after the post-2008 Euro drop.
Leo James
>He believes in the american dream >Lives in commiefornia I get why you don't want to help trump, for all I care you kill him too, but if you can't see how both voting doesnt work and how Hillary will fuck us over, you deserve everything thats going to happen over there.
Noah Jenkins
>The railroads are REALLY underfunded and that's also partly a matter of the state. The railroads got privatized. DB isn't a Staatsunternehmen anymore >That as well, but our federal funded roads and bridges are shit as well. The biggest problem there is that having contructions severly limits traffic and transportation. >Insurance companies had enormeous surpluses last year. Public insurance companies don't make classic surpluses. They are Körperschaften öffentlichen Rechts.
Noah Thompson
Deutsche Mark soon. Euro collapse soon. Balkanization of EU soon.
Jace Baker
I'm in a rich area, surrounded by high paying tech jobs. Everybody is fit and good looking, the only problem is the fucking spics. Without them it would be the best place on earth.
Colton King
Holy shit you guys know literally nothing about economics. Italian banks are completely fine, even Monte dei Paschi got out of trouble because privates invested in it. The money you get from an undervalued currency allowed you to buy your europran competitors with no problem, worthless paper my ass
Michael Thomas
Is Memebank still alive?
Brayden Rogers
checked. Praise KEK
Anthony Ross
what do if I have some savings in euros? I have an USD account in my local french bank, should I put them here?
I don't know jack shit about finance
Michael Mitchell
Because we all know how awesome rich area's are when money collapses or becomes worthless. Also.. you know.. being fit and good looking (other than able to run fast) will bring you nothing when society falls. >inb4 hurdur society wont fall. It will, its just a matter of time. I'm not saying we wont survive, hell you might thrive with your legs and face, but even that would only come after, not during? You are fucked mate. More fucked if you don't understand how fucked you are; and you are pretty damn mighty well fucked.
Colton Gutierrez
Greek government is about to give out dollar based bonds Please buy, very safe
Camden Wilson
Don't forget you have the same currency and would've been free to do the same, if you were competitive.
And stating your banks are fine borders on reality denial, your government asked for a permission to bail them out
Samuel Gonzalez
Georgios it's not nice to do that
Chase Flores
So is there literally nothing we can do but watch it fall?
The damage has been done when it hit 9.98 correct?
Samuel Morgan
Where do I find this information in all its juicy textual detail?
Landon Roberts
>Muh collapse Won't happen. A society and an economy is built out of people. Unless the people disappear, the society will keep functioning pretty much how it always has, regardless of swings in the economy.
You really think a society of Northern European people is going to revert back to a savage stone age? Never gonna happen. Their wealth might drop, before quickly rebounding a couple years later. That's about the worst of it. Economic system actually doesn't matter that much in terms of overall wealth and happiness. In a socialist, or even a Communist system, a white society will always be relatively orderly and well run.
The only thing I see which will actually bring about a collapse is nonwhite leadership in government which mismanages everything to shit like post-apartheid South Africa.
Btw, I've got dutch in my veins. Thanks for the height-boost bro
Leo Thomas
Just get in debt in euros and buy property When the euro crashes your debt will be halved and you can buy it out with the money you saved in dollars It works, happened to most of the Greeks too only the other way around When Euro skyrocketed
Hunter Gonzalez
>a white society will always be relatively orderly and well run. Yeah, tell that to Europe pre-1950s, peaceful and prosperous times
Jaxson Murphy
>Don't forget you have the same currency and would've been free to do the same, if you were competitive. That's wrong you undeducated inbred moron, that's not how monetary economics work in a fixed exchange-rate system governed by a central non-governmental bank. I suggest you read some economics papers instead of spouting AfD meme sentences. >And stating your banks are fine borders on reality denial, your government asked for a permission to bail them out There was no bail-out. For years now everytime a bank is in trouble we do a bail-in, very different thing
You mean like the German economic behemoth, which had a scientific and academic establishment that was the envy of the world, was swimming in nobel prizes and advancing industry more than any other nation on Earth?
Then a few years after being completely destroyed, bounced back to become the dominant economy of Europe, despite being split literally in 2?
the currency is undervalued for you, but overvalued for us. That means it's absolutely impossible for us to compete, even if the whole of italian society was made up of Elon Musks. It's pretty much african colonialism 2.0, with the difference that you are constantly whining about having the short stick while you literally fuck all of Europe over. Now the Deutsche Bank is collapsing and you can't even admit they fucked up, you keep blaming the EU as if you don't run the fucking EU and get absolutely humongous advantages while we get fucked over and over. Kys.
James Robinson
Why are you lying?
After 1945 the United States was THE industrial power house. He is talking about pre50s. German scientists helping the US is IRRELEVANT because they are no longer in Germany.
DURING the war also democratic economies started to overtake Germany quickly.
Brayden Hernandez
>tfw when nogs in Europe were just known as circus attraction Feels are strong.
James Sanchez
The German army challenged all the entire world and almost won.
The US economy was stronger because of size, per capita Germany has always been stronger
Luke Sanders
So if DB doesn't get bailed out and it goes under, what ripple effects will this have on the Eurozone?
I'm guessing it won't be good, so how will she deal with that? Germany after all wanted to rule the roost of Europe, will they be cleaning up the mess left?
Isaac Miller
The single only reason Germany has been doing well over the last few years is the Euro.
You krauts have created a German industry subsidy by fucking over the Med. states.
Gavin Powell
No reason Bong. Mere coincidence.
Connor Johnson
I know quite a bit, m8. You don't seem to know that the AfD argues against the euro, instead of offering explanations why it's good for us.
Why's the currency overvalued for Italy in the first place? Because your competitiveness is lower.
Whilst I know the euro is damaging for you (and almost everyone except Germany and Benelux), you still accepted it for reasons I fail to grasp.
Leo Gonzalez
I wouldn't go anywhere near German industry right now. They have a leadership DISadvantage.
What Merkel is suggesting is financial suicide. It may blow up the entire Euro.
Hunter Edwards
>The German army challeneged all the entire world and almost won.
For at least half the war they were not fighting the entire world and had significant help from other nations. Stop being a wehrboo.
What I am saying is the German economy was stronger from 36-42
After that no chance f.am.
Isaac Morgan
As it should be you greedy fucker.
Lincoln Cooper
Having a very weak currency isn't the end all either.
Jonathan Scott
Which German economic behemoth, m8?
Do you know the history of the Weimar Republic?
Adrian James
This is what I keep saying, economic power follows genes. Germans have the highest IQ's in Europe, closely followed by England and the Nordic states.
No matter what economic system, no matter what situation they find themselves in, they will always form relatively well-run, orderly, prosperous societies.
Meanwhile the slavs lag behind them by 20 IQ points, they will no matter what economic system they will always be significantly diminished in comparison. Could be communism, could be capitalism, doesn't matter.
Wealth follows genes. Economic system will maybe add a percentage or two to your growth, but it will be a very minor effect. The difference between the way people live in Africa and the Netherlands has nothing to do with government, or economic system
Jordan Clark
Ok, one more post.
>The railroads got privatized. DB isn't a Staatsunternehmen anymore Not completely. Dobrindt still has a say in what happens there. Also some infrastructue cost is shared by DB and the Bund. Whatever it is, we are falling behind. China is building high-speed traintracks en masse and 6 lane highways into the fucking Himalaya. We can't get a fucking airport done and are all uppity when there is ONE good project for a train station in Stuttgart.
>The biggest problem there is that having contructions severly limits traffic and transportation. Yeah, no shit. And if you let it rot we will have even more sever limits on traffic. The fucking bridge over the Rhine towards Mainz almost collapsed 2 or 3 years back, ffs.
>Public insurance companies don't make classic surpluses. They are Körperschaften öffentlichen Rechts. Yeah, yeah. The point is, after the gesetzlichen Krankenkassen raised their fee to 14.9% they were swimming in money. Now the fugees eat it all up.
> The money you get from an undervalued currency allowed you to buy your europran competitors with no problem, worthless paper my ass I'm not talking about the effects inside the EZ but towards the world. Yes, we bought up a lot of shit in the EU but at the same time Chyna can buy our companies for pennies now. The long term effects of currency manipulation are less competetiveness and a slow but steady decline. Look at your or France's economy. You always devalued your Lira and Franc. In the 90s you were still considered as an industrial powerhouse in Europe.
William Brooks
It works out fine for us, since we export far more than we import from non-Euro countries.
Tyler Clark
>was swimming in nobel prizes hahaha Germany has never had more Nobel Prizes than the UK and US. Not even close.
Jeremiah Flores
>nes. Economic system will maybe add a percentage or two to your growth, but it will be a very minor effect. Tell that to North Koreans, who share their genes with South Koreans.
Hunter Robinson
I know that Weimar Germany got crushed under the Treaty of Versailles, and went through hyperinflation because of their crippling war debt
This was the desired outcome for the British, who were trying to neuter Germany's power so they wouldn't be a threat to the Anglo domination of Europe
Eli Cruz
>mixing economy and genetics. >Spain had an imperium. Now is knee deep in shit.
well...
Ian Price
Buy gold Serb bro. Cheapest is in Vienna
Michael Brown
Answer me please, I demand respect and attention and some love.
Thomas Johnson
Ok. Guys, I posted at 9 o'clock right before it happened. Now I am free from classes. DID IT REALLY CRASH? HOW HARD?
I BEG YOUR ANSWERS
Blake Cruz
>He mixes genes with economy
Er..
Isaac Gutierrez
Hello i am the deustche bank AMA time my lads
Ian Kelly
>posting the unnecessarily huge picture
Chase Gutierrez
It crashed to ~9.98 and jumped back over tiem
Henry Bailey
> You don't seem to know that the AfD argues against the euro, instead of offering explanations why it's good for us. I know that very well, but it's one thing to be against the Euro for the right reasons, it's another thing to whine and cry about it when you are literally the only ones who get amazing benefits from it. The only reason why the AfD wants to leave the Euro (the high-ranking ones) is because they know that Christmas will end at some point, and you'll have to give back some of the advantages and huge profits that you gathered thanks to the euro currency. That's why they want you to break the union, to fuck everyone over two-fold. Merkel knows that is a very dangerous game, she is too conservative to do it. Government officials from other countries know the truth, they won't let it slide dear user if you dare try that shit. >Why's the currency overvalued for Italy in the first place? Because your competitiveness is lower. I don't think you understand what competitiveness is you moron. We were very competitive before the Euro, our competitiveness grew at the same rate as the German one. If you tie your hands behind your back and somebody tells you "play the piano now" and you aren't able to, do you think that means you can't play the piano? That's how retarded you sound. >Whilst I know the euro is damaging for you (and almost everyone except Germany and Benelux), you still accepted it for reasons I fail to grasp. That's a different topic, the point is that indepentently from the reasons, it's an objective fact that the Euro disantantaged and destroyed everyone's economy while propping up yours. If you deny that you should an hero. The easy and short answer: african colonialism 2.0. By destroying everyone's economy and creating a center of power in the german government, it is easier to control and to rule over all of Europe for the globalists
Joshua Torres
We also met a lot of economically wrong decisions, which worsened the situation
Nicholas Lee
>We can't get a fucking airport done Are you actually using fucking Berlin as a standard for Germany as a whole? I think it's one of the few capitals in the world that drag the BIP per person down for the country Are you actually comparing the Euro to the likes of Franc or Lire?
Easton Phillips
if DB falls, expect a lehman bros v.2, electric bogaloo.
nothing happened. as always.
Connor Sullivan
And it worked.
Zachary Wilson
what makes me mad is that thousands of employees may lose their jobs over this but the managers will walk away with millions as usual. maybe a couple millions less now, big deal
Lucas Collins
>that one guy bought at 10.55
Jose Cox
Guys, how do we sink Germany whilst saving the rest of the Eurozone?
Robert Cook
Excuse me, do North Koreans have a 10.5 murder rate? Do they eat each other in the streets and burn each other alive? Are they Africa?
No, even under a communist horror state, they are relatively well-run. If they aren't prosperous, it's because of embargoes upon them, poor nutrition, and a dictator mismanaging aspects of the economy.
But even under the burden of such a horrible system, they still aren't living like they live in Africa or South America
Levi Wilson
Up around 5% in the first hours as expected, it did drop below 10 to start off, expect new lows today and happenings monday/tuesday if we somehow avoid all out panic.
Evan Allen
>Its another episode of "German arrogance lead Europe to ruin, We dindu nuffin Germans claim"
Liam James
It's Britain and France's fault that Germany printed off so much money that the average person couldn't afford a loaf of bread. Yep. All Britain's fault for batshit German economic strategies.
Nathan White
...
Jackson Brooks
its back up
wait for the nyc exchange to open
Ayden Gomez
soooo, in the end everithing is fine, the bank rebounced and Soros was wrong?
Isaac Reyes
>Are you actually comparing the Euro to the likes of Franc or Lire? Yup. It isn't a dumping currency, but heavily undervalued for years from our position.
Nicholas Barnes
NYC exchange is shorting DB because they can't pay the loan right?
Leo Hill
Calm down, all major crashes happen in Monday
Brayden Long
Pretty much.
If i had money now I would fill my pockets with shares and become a millionaire in a month
Mason Butler
GAY A Y
Cooper Anderson
jumping a few % on a friday morning doesn't make anything ok pastabro, its expected and DB is still over.
Gabriel Garcia
stop posting anytime
Leo Sullivan
The Jews demanded Deutsche cough up a few trillion for the 2008 crisis. Even though they werent the ones responsible. They want the world to enter into another recession or atleast put pressure on the US. Considering the Saudis are threatening to pull out their cash from US investments this puts the US at an imminenent risk of a crisis. Obama is going to be pressured into putting more boots on the ground in Syria for Saudi interest (as a concession) sparking a World War. This is the Jews goal.
Camden Perry
The war debt was literally impossible to pay off, it was set so ludicrously high under the terms of surrender.
Even under a full powered economy, it would be impossible to pay. The only way to pay and meet their obligations was to print money, it was the only way. This lead to hyperinflation and 50% unemployment rates
Jordan Peterson
, or buy dollars. When the euro starts falling the dollar will rise in value, at least until it starts getting shitty in the US as well. But even if there is a global crash, the dollar will still be the best performer.
Tyler Wilson
I am a riot cop and I live near one of the banks, I just got called and said that I had to be ready to mobilize, what the fuck is going on
Christopher Brooks
Shit...Thanks But is there risk of any major happening? When does it open?
Lincoln Roberts
Thats not how this works. Thats not how any of this works
Camden Cooper
>Why is this? Just like 2008 Every bank is gambling that the banks bigger than it won't fail
Then the first domino falls
Levi Russell
Anything to keep the Master Race fantasy floating
Mason Cook
Actually no.
They stopped paying and the French occupied the Ruhr.
And if you can't understand why the terms were harsh after the most bloody war in all of European modern history then you are dense.
If Wilson wasn't there Germany would NOT exist after 1918.
Jacob Wood
You talked about "2 or 3 points of difference" in economic growth. The difference between South Korea and North Korea is a bit worse
And saying how political circumstances play no role, whilst at the same time pointing out how dictatorship and political isolation trade damage the country... U wot?
As for "there is little violencein North Korea" ... Do I really need to comment that?
Lucas Fisher
Proof please
Cooper Long
you already posted that yesterday, fuck of you larping fuck
Elijah Campbell
It's not a risk it's inevitable. If you aren't up to speed on the economics just watch the news over the next few days. If you were paying attention in 08 this will feel very familiar.
biggest players know when escape from sinkin ship QUIIICK SAVE YOUR MONEY TAKE JUR EURO HANS FROM DB OR YOUR GOVERNENT SAY: WE TAKE IT ALL FOR REFUGEES, THEY NEED OUR ( YOUR MONEY) SOB SOB, WHAT YOU WANT YOUR MONEY? YOU ARE RASCIST OR WHAT?
Daniel Flores
>it's another episode of "I am a self-hating greek brainwashed by the MSM" nice strawman but it's not german arrogance that led to ruin, it's european policies as a whole. Germany reaped the most advantages because the globalists wanted so. The problem is normal germans don't know this and unironically think they are getting a bad deal whereas it's the opposite. Also Italy is not Greek, we are paying for your brown indebted ass so shut the fuck up faggot
Luke Price
It's actually brilliant. She's creating pre-Nazi Germany conditions across all of Western Europe. She's already eroded people's faith in multiculturalism, created massive resentment of leftist policies, and planted the seeds of a populist far right rise. All that's left now is a massive economic downturn to incentivise violent civil disobedience and you'll have far right parties coming into power in France, Germany, England, etc. And then come the ropes, the death of the EU, and the reclamation of sovereign European nation states, aligned against the spread of militant Islam.
Merkel is actually a crypto-Nazi and she doesn't even realize it.
Grayson Thompson
It's just matter time for Bank collapse Germany end Euro.
Summer 2017 Db
Jordan Hall
>>not using based herb toothpaste with green stripes Does it taste any different? I find mint overpowering.
Mason Gomez
This is a sign for every other nation to get clear of the EU, right?
Julian Peterson
It did hit 9 a few hours ago. Caused 7 threads.
Alexander Cruz
ok, thanks. So the major happening will be this week? Cool.
Daniel Wilson
>Gnihihihihi, veeery goood valley goyim! Buy Schwitzergüld at these bubble prices, we promise it will always be worth something! >We know that because we will gladly buy it back when it reaches it's long term mean / historic silver ratio of 300$ >Rubs hands vigorously
Charles Fisher
This is a sign that you should take your meds.
Its not happening.
Austin Gonzalez
If its true then she has my respect, they learned from the Jew.
Carson Edwards
Fucking german DINDU NUFFIN posters always come out when a) Banks failing b) Defending German immigration laws or c) Mental gymnastics into thinking Germany doesn't fuck over every other Eurozone country Fuck off.
Hudson Nguyen
...
Jace Diaz
>Brazilian commenting on world politics Calm down and make sure your Taurus is loaded, senpai.
Daniel Jenkins
>When does it open?
about an hour
Daniel Morris
>At no point in the last 20 years has Deutsche Bank been as strong as it is now
So basically they're completely fucked
Adrian James
JUST
Zachary Ross
A war which England declared war on Germany, not the other way around.
The wrote the treaty to put the full blame and cost of the war on Germany. It was a horror show, designed to intentionally cripple the German economy so they wouldn't threaten Britain ever again. This is why they were forced to give up tons of territory, stranding millions of ethnic Germans outside the borders. And why they had to keep their military limited, and not form an alliance with Austria.
Notice in WW2, two people invaded Poland. Yet, one became an enemy, and the other became a friend. Despite the fact that it was known at that time that Communist Russia had exterminated millions, they became an ally, while Germany became an enemy. This is because Germany was a threat to Britain, Russia was not.
Remember at this time, Britain was a massive colonial empire with half a billion subjects living under their rule. Germany had no colonies, and was basically a podunk little backwater, somehow able to challenge the full might of the British empire
Tyler Long
...
Aiden Baker
It is the Germans that refuse to change a failing policy because it is advantageous to them Even USA devalued the dollar a bit to get out of the 2008 crisis, but no Austerity will fix everything, wait why is nobody buying anything from me, oh shit my major bank is failing
Chase Miller
Thank you
Alexander Perez
You seem to be under the wrong impression about the AfD. Never once have they said "the euro is good for us, but damaging for everyone in the long run". They're spreading the impression that we're the main victims of the euro, paying for Southern Europe, which is blatantly false.
If your competitiveness grew at the same rate as the German one, why should a common currency be causing divergences? No insults, try to elaborate for once.
Also, whilst another topic, it's still interesting why Spain and Italy joined the euro and don't intend to leave it anytime soon.
Eli Hughes
Just going to say it, this is potentially the first news story that has the potential to send the AFD in the plus 20% polling range.
CDU/SPD needs to bailout Deutsche, but that's political suicide for the CDU/SPD, on the other hand if they don't bail out Deutsche it's 2008 on crack.
Hard decisions.
Call me a cuck for supporting Merkel after she takes down Clinton by causing a worse financial crisis than Lehman which will catapult Trump to his presidency.
Supporting Merkel is supporting real 3d chess.
Liam James
Oh boy, when it happens you can bet that weak cracker ass of yours I will be dancing and drinking beer while you starves tho
I dont even need my tauros.
Jacob Diaz
Thanks, user.
Bentley Davis
No one cares, Germany had its turn ruling Europe and it's failed.
Give it a rest blaming us for the decisions that Germany makes.
Jordan Anderson
Serious question. If DB falls, Germany goes to shit and so does the €. what do with the money if this happens?
Camden Morales
I doubt that it's intentional, but who knows? An ethnic German that grew up on the communist side of the Iron Curtain, familiar with subversive Marxist social techniques? Maybe that's why she's such a mad woman. She knows that a hard reset is needed to undo the programming. Just like that Russian defector talks about in that video I see all the time; it takes a whole new generation free of the conditioning to undo the damage. Well, intentional or not, Merkel is creating that generation across the EU.
Luke Walker
Why would Hillary lose the election just because of Merkel's crisis?
Lincoln Rivera
Yuri Beznemov, BASED guy.
Blake Gonzalez
>Bailout Greece ok >Dont bailout german bank no lol :D
Carson Edwards
Well the Anglosphere got it's way, and now we have transgender bathrooms.
Yeah, isn't the future wonderful? So glad we defeated those evil Nazis. It's not like they banned smoking, founded the first-ever National Parks, and were the first to ban animal testing and vivisection.
It's not like they were actually the good guys or something
Jeremiah Moore
>Why would the incumbent party's nominee lose an election after the economy goes to shit exactly as the opposing party's nominee said it would?
Angel Parker
So?
Every leader before the first world war legitimately believed it would be like those before it, a bravado spectacle with a few thousand casualties over by christmas.
It was one of the most devastating wars of all time, the victors whether it be Germany or the allies were always going to either ANNEX or bleed the other dry.
Are you trying to imply that if Germany won they would just call a white peace? Give me a break. You say it was intended to cripple Germany yet FRANCE was the nation wanting full dismantled Germany along with bigger payments, followed by Britain.
The United States was pretty much a fucking mediator between France and Germany because France was out for blood. You can see why.
Who the fuck would have cared about millions of stranded yet ALIVE Germans? The French were furious.
Ryan Green
Nice then, I can't fucking wait.
Camden Johnson
>If DB falls, Germany goes to shit and so does the €. Nope, Germany is stable, DB is more of a European bank than a German bank at this point. DB burning down is more of a problem for London than for Frankfurt.
>Even USA devalued the dollar a bit to get out of the 2008 crisis, but no >Austerity will fix everything, wait why is nobody buying anything from me, oh shit my major bank is failing
Well it does, because you can only devalue so much before you turn into Zimbabwe/weimar republic. The latter being why Germans are so adverse to playing with currency. Bad memories. Eventually you have to use surplus to pay debt. Manipulation will only buy you time.
Zachary Hall
We were a huge colonial empire however German steel production combined with its ENTIRE history being a war like nation made a difference.
How could a nation comprised of former Prussian territory lose a war, hm.
Maybe you should also look at the communist movement in Germany between 1917 and 1918. Stop being so quick to point the finger at the anglo, because there were millions of German communists who refused to fight and mutinied.
Isaiah Lopez
Either the bank tanks and nothing hapens or the bank tanks and we will see a depression.
It all depends on how the market reacts.
But it might kill the euro. However that's no loss.
Jaxon Fisher
They're just playing hardball. They'll bail out DB eventually when the DB CEO's don't have any other options than to accept all government terms.
Jeremiah Richardson
Germany won the war, the only reason England came out on top was because they signed the Balfore declaration. Which, in case you aren't aware, was a promise to give the Jews Palestine if they would use their network of influence to get America into the war.
Liam Hill
Gold and silver will be a good way of preserving wealth until things stabilize, keep it hidden and sell when it gets less apocalyptic.
Hunter Powell
>Germany won the war
Citation needed.
Its true that the Spring offensives were extremely dangerous and you could argue that had the US not been there then the war would have drawn out OR ended.
We also promised the same land in Palestine to Arabs in order to get them to help against Turkey.
There is no super long term here, it was just what the situation warranted.
If you had the choice between a) Losing a war you have lost millions of men in or b)Promise land to jews to win the war
?
Joseph Parker
You mean the Jewish communist movement? pic related
Easton Myers
The reason that Bunds are negative is that large investors would rather take the government IOUs than cash, meaning they think that there is a risk that the cash might be worthless
Aiden Ortiz
>Do they eat each other in the streets and burn each other alive yes, they are so poor they eat dead people
Brody Butler
The Jewish communist movement in which hundreds of thousands of your superior Germans supported, fought and killed their fellow countrymen for.
Ayden Thompson
>Never once have they said "the euro is good for us, but damaging for everyone in the long run". They think exactly that actually but they only say it when they are not talking to inbred plbs, although they are not completely honest with themselves when it comes to why it's bad in the long-run: youtube.com/watch?v=nv3lRhC8WsU >If your competitiveness grew at the same rate as the German one, why should a common currency be causing divergences? It's complicated and this isn't reddit, I am not going to spoonfeed you. There are many layers of why what the euro institutions did was wrong. There is a general one based on principles of economics that were laid out since the 1950s by many economists like James Meade, there is one that deals with fundamentals of the european economy before the Euro, there is one that concerns the way the political balance of Europe and the way it's influenced by previous historical influences affects the economy. There are too many reasons to write in a post. I can name for example the divergence is also due to economies being too different, and being impossible to apply the same policies to many different economies and give good results everywhere, especially if the only thing those economies have in common when it comes to pursuing a certain policy is the fact they have a same currency. You should look up how economic imperialism was done in the past in Africa and in South America, and you'll understand they used the same exact economical layout to carry it out. > it's still interesting why Spain and Italy joined the euro and don't intend to leave it anytime soon. First of all, Spain and Italy don't decide shit, the globalists run the game. Secondly, it's because we've paid the price while your capitalists got fat with south euro money, and our governments know it will be time for you to give something back at a certain point, so why should they be dumb twice and give up on that opportunity?
Ryder Price
>They're just playing hardball. Probably >They'll bail out DB eventually when the DB CEO's don't have any other options than to accept all government terms. I can see the government bailing out Postbank, but really DB is kinda of a lightning rod in German politics.
Merkel made the mistake to let Ackerman celebrate his birthday party, Ackerman talked about this publicly.
Reheating this story a year prior to the election is really painful for the CDU/Merkel. Thus it's politically more viable for her to let DB burn for a day or two while bailing out Postbank.
That wasn't my point. My point is that the snake-oil contract is coming to an end.
Germany is in tatters as is most of Europe.
It won't be the end of the German people, but to say "Everything is going great lol. Muh German industry" is whitewashing serious demographic and financial issues.
Joseph Bailey
>comparing european countries devaluing their currency with Zimbawe devaluing it I want austrian economics cucks to leave >Manipulation will only buy you time. Everything could be labelled as "manipulation" in economic policies
Christian Hernandez
who?
Joshua Howard
Why is it that every single white country on the planet is wealthy, every single Hispanic country is a shithole, and every single black country is hell-on earth?
How come blacks in America have the same murder rate as Zimbabwe, while whites in America have the same murder rate as Belgium?
How come when Detroit was 90% white, it had the highest median income in the world and was called the "Paris of the West". And now that it's 80% black, it has a 50% literacy rate, failing electrical grid, and murder rates higher than many African nations?
It's genes Demographics makes all the difference
Carson Perez
...
Chase Carter
A...are we white? :(
Matthew Harris
Southern Europe has gotten a lot of gene flow from North Africa unfortunately
You're white, but not high-tier Higher than the slavs, lower than the french
Henry Morgan
Your name is a Roman currency unit. Lel
John Sanders
>already bought silver I can't wait anymore, please collapse already
Colton Bailey
>Higher than the slavs
If your theory on race is true (and I believe it is), how do you explain that? There should be less African mix in slavs. Unless they're getting it from a different race?
Either way, Slavic people have very similar environmental conditions to that of most traditionally white countries.
Joseph Cook
I don't know why your sperging out so much I simply pointed out your example was wrong
Caleb Adams
France has gotten way more gene flow for North Africa recently. They basically turned the country half African in one generation. True, those genes haven't integrated into the white gene pool yet, but nothing but civil war and outright genocide is going to prevent that.
Logan Campbell
Your countries name is Tim Molester lol
Mason Mitchell
I am fine with that.
Jayden Wilson
>unironically believing this shit amerimutt genocide when?
Eli Edwards
Dinar was Yugoslavin currency as well.
Jack Cruz
I've just converted all my savings to USD.
>1 hour until NYSE opening
Give me comfy happenings Cred Forums! I don't want to fucking lose on this conversion!!!!!
Ian Lee
should we start buying bitcoins already?
Brody Butler
>First of all, Spain and Italy don't decide shit, the globalists run the game. By saying so, you immunize yourself from any responsibility for your own situation. We live in relatively functional democracies, we see right-wing, anti-globalization movements, Brexit, Trump around the world.
>They think exactly that actually but they only say it when they are not talking to inbred plbs They mostly consist of inbred plebs, after forcing the economist reformers out and replacing them with nationalists, clueless about economics. I assure you, the guy you saw talk is not representative of the AfD members' public opinion at all. They believe Germany pays for South Europe. >I can name for example the divergence is also due to economies being too different, and being impossible to apply the same policies to many different economies and give good results everywhere You are hinting at our Agenda 2010 and similar neoliberal reforms? I indeed don't believe they would help you, since your welfare systems and unemployment benefits are already worse than ours and further cutting them back will do more harm than good. Sorry about that, but I'm still sticking to the narrative that what caused the economic fall of South Europe wasn't that you missed out on some reforms. You always were less productive and had no business joining the euro, with Lots/Franc working out fine for you.
Eli Clark
>Lots Lira
Zachary Gutierrez
>I've just converted all my savings to USD Well shit, good luck user Here's hoping it all goes to hell
Matthew Allen
Hi Hungary. Is that bank headquartered in Hungary?
Or is it an American bank?
Zachary Stewart
>all goes to hell
Only the euro gets cucked! Dollar will skyrocket, r-right?
Logan King
Raiffeisen Bank. It's Austrian.
Jacob Diaz
should have bought silver
Joshua Powell
Silver is taxed here... 27% tax. Though gold is tax-free, but I heard it's overpriced.
Ryder Cook
USA pissed off KSA
Petrodollar collapse soon, then hyperinflation in USA.
Noah Lopez
>By saying so, you immunize yourself from any responsibility for your own situation No, I simply state facts. Do you think Merkel wants millions of syrians in Germany for example? Don't be so naive >They mostly consist of inbred plebs, after forcing the economist reformers out and replacing them with nationalists, clueless about economics Well, then that sucks for them. Once dumb people get in power they always gey co-opted into doing the elite's bidding (see Syriza for example). >They believe Germany pays for South Europe they are wrong of course >Sorry about that, but I'm still sticking to the narrative that what caused the economic fall of South Europe wasn't that you missed out on some reforms. You always were less productive and had no business joining the euro, with Lots/Franc working out fine for you. You fell to the dichotomy "muh reformrs" and "muh living beyond our means". That's not how economics work. Economics is a social science. Productivity has nothing to do with the problem, the problem is the relations between political and economic entities and how those relations affect their economic output. It's really hard to summarize this stuff because it's complicated, you need to do your own research. Do you think Northern Germany is unproductive and has no business in joinin the euro? If the euro was only a german currency, but every german state had a national government and the Bundesbank had the same role as the ECB, you would see the exact scenario that happened in Europe happen in Germany, except northern germany would represent southern europe and Bayern would represent Germany. >You always were less productive and had no business joining the euro Italy was one of the richest countries in the world, you don't know what you are talking about. We had some of the highest private savings in the world, people were rich and productive as fuck. You don't have to buy it you know? Just research things and open your fucking eyes
Matthew Green
I changed it in a mix of pound sterling and swiss francs. I still have a couple thousands euros for my day to day needs.
Jordan Myers
In premise you're along the right lines. I'll put something down here, and let you decide how to proceed. (The Austrian banking system is also at risk by the way.)
The US Dollar is likely to rise. There is a US Dollar shortage developing in the Middle East, and in Europe. (I am sure the central banks are collaborating to suppress a strong USD right now, but that's an aside.) Consider the following:
1. If the Austrian Government or ECB decides to impose it, they may force-convert your currency into Euros, or something else.
2. There is also risk in the USD. It doesn't pay to have all your eggs in one basket.
Gabriel Price
EUR = 1.1163 USD You just waited for the record low to convert didnt you
Brayden Wilson
>Do you think Merkel wants millions of syrians in Germany for example? Yes
Aiden Carter
(((they))) just finished propping the price up, prepare for the big sell.
Adam Lopez
>Do you think Merkel wants millions of syrians in Germany for example? Don't be so naive I don't. Neither do I believe that globalists forced her to accept them. A lot of circumstances did.
Or do you want to elaborate who exactly and for what reason wants Syrians in Germany? >It's really hard to summarize this stuff because it's complicated, you need to do your own research. You must've read some sources, so feel free to share them.
I did a lot of research prior and the conclusion I came to is that there is no globalist conspiracy going on, it's just that the Eurozone crisis of 2008 played out really well for Germany and bad for everyone else. With a cheap euro, Germany boomed, whilst the South drowned in debt they cannot recover from, due to austerity and a fixed exchange rate against Germany, with too high wages. >We had some of the highest private savings in the world, people were rich and productive as fuck. Whilst I do indeed believe that Italy was a far better country before 2008, you always had to devalue your currency vis-a-vis Germany and France to compete. And a lot of your wealth is due to the worth of real estate.
Juan King
Consider the following: ~15% savings in Czech Koruna* ~15% savings in Danish Krona* ~30% savings US Equities, held in an American brokerage. (Stick to blue-chips, the biggest and best managed businesses. Preferably with real economic activity.) ~10% in physical gold and silver coinage. Preferably collector's coins. ~10% Euros* ~5% in Bitcoin
Remaining 5% varied between food stock, and any basic necessities.
Make sure you stay liquid, so if you have limited cash flow, you need to keep more Euros reserve etc.
*Held in bank ideally.
Levi Harris
Prepare new thread we are going to miss the habbening
Adam Anderson
THAT FUCKING SURGE
TIME TO BUY BEFORE IT HITS 20
Andrew Rivera
*15% varied.
Wyatt Martin
BUY GREEK DOLLAR BONDS SAFE SAFE SAFE BUY NAO
Landon Mitchell
5% was expected, it over shot slightly but its still about to drop like a solid iron shit off a cliff f a m
Thomas Baker
>They're propping it up this much before Jew York gets it Christ we're about to witness a murder
Mason Rodriguez
>You must've read some sources, so feel free to share them. You need to learn economics user. I can't give you source, it's not like there's a cuckington post or another cuckpaper article that I can link you with all the info.
>Or do you want to elaborate who exactly and for what reason wants Syrians in Germany? Depends how deeper you want to go. One of the reasons is that other european countries have devalued their wages to match german devaluation, so she needs to suppress german wages more or you will lose your competitiveness.
>I did a lot of research prior and the conclusion I came to is that there is no globalist conspiracy going on, it's just that the Eurozone crisis of 2008 played out really well for Germany and bad for everyone else 2008 crisis has nothing to do with Germany's success, although it sped it up a bit, just like all external shocks do to an unbalanced economic system.
>Germany boomed, whilst the South drowned in debt they cannot recover from, due to austerity and a fixed exchange rate against Germany, with too high wages. Your mistake is thinking Germany boomed. Your industry was propped up by government spending in the private sector. You broke euro regulations and modernized your companies with public money. That is also why in the last decade the difference between poor and rich in your country went up so much (it is higher than in Italy btw, to give you a comparison measure). The south doesn't have high wages, it is Germany that suppressed their wages with the voluntary intention of applying the "beggar thy neighbour" economic policies. Which would never work in any other economical situation, except in the Euro. Seems to be made exactly for the Euro in fact. That alone proves Germany always wanted to fuck over their neighbours.
Bentley Gutierrez
>Whilst I do indeed believe that Italy was a far better country before 2008, you always had to devalue your currency vis-a-vis Germany and France to compete. And a lot of your wealth is due to the worth of real estate. There's nothing inherently wrong with devaluing one's currency. Currency is a good like everything else and its value is determined by offer and demans among other things. People owning real estate is actually a means to determine that the general population are wealthy.
Matthew Gutierrez
Stay in the EU they said Economic stability they said
Wyatt Price
see, leveled off at 6% up, i was a percentage point out. Now the fun can begin lads.