German Banks Told To Start Hoarding Cash
Just stunning.
German newspaper Der Spiegel reported yesterday that the Bavarian Banking Association has recommended that its member banks start stockpiling PHYSICAL CASH.
Europe, of course, has been battling with negative interest rates for quite some time.
What this means is that commercial banks are being charged interest for holding wholesale deposits at the European Central Bank.
more at Source: German Banks Told To Start Hoarding Cash » Alex Jones’ Infowars: There’s a war on for your mind!
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Sure is empty down here...