Germany stocked in cash: Europeans are preparing for the crisis


Recent turmoil in global currency and stock markets has led experts to talk about an impending economic crisis. Meanwhile, there is an opinion that the world has not completely overcome the consequences of the financial crisis of 2008-2009. He still makes itself felt.


European Central Bank tackles the old


On Thursday, the Governing Council of the European Central Bank (ECB) decided to maintain the base interest rate at 0% per annum. On deposits, they left a negative rate at –0,5%. Another important part of the ECB press release was the announcement of an increase in the quantitative easing program by € 120 billion by the end of the year.

Behind this crafty term lies the banal emission of Eurocurrency. During the days of the financial crisis, the ECB actively used it, pouring money on the fire of the crisis. This was done not by a direct injection of unsecured money into the economy, but through the purchase of debt obligations of governments and central banks of the eurozone countries.

The ECB continued this practice in subsequent years. So for the period from 2015 to 2018, the bank poured into the European economy over 2,6 trillion euros. It was expected that these funds will revive her. However, the effect of the action was minimal. When this became clear, the ECB stopped its printing press, but kept the discount rate at 0%, and the deposit rate in the negative zone.

The ECB introduced a negative rate on deposits back in 2014. The logic of his actions was to save money became unprofitable, because the owners of free funds will spend it on consumption or investment. This was to revive the stagnant European economy.


Europeans go to cash


Now, over the years, it is clear - the bankers miscalculated. People simply switched to cash and began to store them at home, as was always the case in times of crisis for the economy. It is curious that while Russia is introducing its own payment system and encouraging cashless payments, Europe does not part with cash.

In 2017, the ECB calculated the average amount of money in wallets from citizens of European countries. Each resident of Germany turned out to be 103 euros, followed by the citizens of Luxembourg and Austria - 102 and 89 euros, respectively. The French are accustomed to keep around 32 euros, while the Portuguese - only 29 euros. On average, Europeans carry 65 euros in their wallet.

It turned out another interesting detail. In everyday calculations, the Germans prefer to use cash. Long-term observations of the Bundesbank show that cash payments make up about 80 percent of Germany’s retail turnover, and this figure has hardly changed over the years.

When weight matters


The European Bank has tried to influence this trend. Back in 2014, he stopped printing the largest banknote of 500 euros, and then completely removed it from circulation. The ECB attributed this step to the fight against corruption. In fact, reducing the face value of settlements, the bank impeded the circulation and storage of cash.

It is estimated that a billion euros in banknotes of 500 euros pulls 2,24 tons. And the weight of the same amount in banknotes of 50 euros exceeds 18 tons. Naturally, this difference makes cash collection and storage difficult. So over time, the problem has acquired a scale, measured not in wallets, but in tons of bank vaults. Recently, the media reported that cash storages in Germany were overflowed, there was no longer enough storage space for cash.

According to the Bundesbank, by the beginning of 2020, the total cash reserves in the credit institutions of Germany reached a record 43,4 billion euros - tripled over the past five years. And this is not the whole available resource of Germany. Many Germans began to keep money at home. Now manufacturers of safes work in all blades. For example, the largest of them, Burg-Waechter, increased its sales by a quarter, and demand continues to grow.

Experts see two reasons here. First of all, the fact that Germany is the largest economy in the European Union, the people in it are prosperous and have free means. The second reason lies in the thrift of the Germans. The pace of their savings is about 10 percent of income - twice as high as the Eurozone average. Now they are made in the form of cash.

Have this stories There is another aspect. I remember that on the eve of the 2008-2009 crisis, the famous Russian billionaire Mikhail Prokhorov sold his assets and went into the cache, as economists call cash on their slang.

From this operation, Prokhorov against the background of colleagues who lost their fortune due to a drop in the value of assets, then he won a lot and rose sharply in the Forbes rating. It is possible that the Germans also live in anticipation of the crisis. In vain did their companies and ordinary people, instead of investing in production, drag money into bank vaults!

This made it hot for banks: credit processes slowed down, and the lack of storage space became a headache. And then the ECB turned on its printing press again. However, experts doubt that this measure will save Europe from the impending crisis.
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  1. Overlock 13 March 2020 16: 46 New
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    Cash is always better. than non-cash! He took it out of his pocket and pay. Otherwise: the ATM does not work, Mishustin issued a decree and other crap. Yes, and past experience suggests: the best bank is a three-liter
    1. Malyuta 13 March 2020 16: 53 New
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      Quote: Overlock
      Cash is always better. than non-cash! He took it out of his pocket and pay. Otherwise: the ATM does not work, Mishustin issued a decree and other crap. Yes, and past experience suggests: the best bank is a three-liter

      You can’t argue, only from our leaders you can expect what you want, for example, as happened with “Kerenki”.
      1. maxim947 13 March 2020 17: 09 New
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        Well, and how honestly to compete with them, they took and poured more than 2 trillion into the economy. HZ
        1. Svarog 13 March 2020 17: 14 New
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          Quote: maxim947
          Well, and how honestly to compete with them, they took and poured more than 2 trillion into the economy. HZ

          So everyone gets into a crisis .. they’re not afraid and they print money .. but for some reason, everything happens on the contrary, taxes increase interest on loans increase .. etc
          1. maxim947 13 March 2020 17: 20 New
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            We can’t do it yet, first of all, the ruble in the world economy occupies an extremely small niche and it just won’t be able to dissolve, the issue will necessarily affect inflation in such a volume. Secondly, few people want to make settlements in rubles, in view of its high volatility, which in my opinion is done because of the puddle, mostly artificially, with the excuse that oil is jumping. The Arabs do not skip something with the Arabs, although they depend more on oil exports than we do.
            1. businessv 13 March 2020 21: 15 New
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              Quote: maxim947
              Secondly, few people want to make settlements in rubles, in view of its high volatility, which in my opinion is done because of the puddle, mostly artificially, with the excuse that oil is jumping. The Arabs do not skip something with the Arabs, although they depend more on oil exports than we do.

              Of course, our Central Bank is tightly tied to the dollar, this is what causes the ruble to volatility, especially when prices change for our main import product. Our managers do not know how to live differently, except to cover budget shortfalls at the expense of citizens and campaigns that depend on imports. The price of oil has fallen, the price of gasoline should also become lower according to the laws of the market, but this does not happen here, we are ignored by the laws of the market.
      2. The comment was deleted.
      3. Vasyan1971 13 March 2020 17: 44 New
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        Quote: Malyuta
        For example, as with the "Kerenki" happened.

        Well, strictly speaking, this was not “our” government, and the situation was a little different then. Although, of course, yes.
    2. Sergey39 13 March 2020 17: 19 New
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      Quote: Overlock
      Cash is always better. than non-cash!

      It is right. I, too, have practically abandoned cashless. But Euro cash is certainly good. But do not forget that this is just paper, which is also subject to inflation, depreciation as a result of emissions, etc.
      1. 16329 13 March 2020 17: 28 New
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        Cash is important only for the gray market
        I hardly ever use cash either in Germany or in St. Petersburg
        Once I was in Perm and on the outskirts of a city, in a stall, almost in a suburban village, I paid for the purchase with a mc card from a German bank without any problems
        Well, yes, cash is good for bribes, unaccounted payments, payment of some medical and other services
        1. Sergey39 13 March 2020 17: 35 New
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          That cash, that non-cash, in principle, no difference.
          "The Fed goes to the bank: US Central Bank will print $ 1,5 trillion to save markets." The same is in Europe, with us, the rate is simply falling to compensate for oil prices. What money do not keep, still robbed. It’s better to spend it right away.
        2. The comment was deleted.
        3. Sergey Averchenkov 13 March 2020 22: 09 New
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          Most recently, I went to a small town pavilion - and there they turned off the light. For cash please, but you can put the card in a certain place. And yet, unaccounted payments is the life that we face daily. For better or worse, it doesn’t matter - it is.
          1. 16329 13 March 2020 22: 50 New
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            Yes, it is, that's why cash is needed for these purposes, I also wrote about it.
            Let's just say the scope of direct, instant and Confidential operations
            Any cash payment is practically impossible to track if the parties do not want it.
          2. Neutron Retarded 13 March 2020 23: 28 New
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            He also recently went to the stall, and there the lights were turned off. And I not only don’t have cash, but I don’t carry plastic with me for some time either, it is emulated in a smartphone and I pay through Google Pay. But without electricity, acquiring does not work. Therefore, by agreement with the seller, I chose the goods and paid for it by bank transfer using the seller’s phone number. The network worked. The payment came, his smartphone tweeted in 10 seconds, I took the goods. They will give light, he will hold a payment from his card at the checkout.
            1. Mordvin 3 13 March 2020 23: 31 New
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              Quote: Lagging Neutron
              emulated

              Quote: Lagging Neutron
              google pay.

              Can you speak Russian?
              1. Neutron Retarded 13 March 2020 23: 47 New
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                Well, sorry .. This is a knowledge base for entry-level users. Google pay in Russian? This is a Google payment system through NFC.
                Emulating a card means registering it in a smartphone through the Googl pay application. You now attach the phone to the terminal in an unlocked form. The terminal will see as if you attached a card. You do not need to enter a PIN code for any amount. If you pay with a contactless card, then with 1000r. need a pin as a rule.
                1. Mordvin 3 13 March 2020 23: 50 New
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                  Quote: Lagging Neutron
                  Emulating a card means registering it in a smartphone through the Googl pay application. You now attach the phone to the terminal in an unlocked form. The terminal will see as if you attached a card. You do not need to enter a PIN code for any amount. If you pay with a contactless card, then with 1000r. need a pin as a rule.

                  I do not have google play. In general, I turned off everything in the phone, left only calls and SMS messages. We got already, you bastards ... crying
                  1. Neutron Retarded 14 March 2020 00: 03 New
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                    And in vain. No google pay, there are other systems. Samsung pei for example is very popular. The principle is the same. As for whether or not to trust the services in the smartphone, the question is very debatable. But I trust the phone locked in my pocket, in which all my cards are clogged, than I trust bare contactless cards without a shielding cover. A new type of fraud in large shopping centers. They go with a mobile left terminal in which 1000 rubles are broken. And rubbing at the pockets and handbags of customers in boutiques. Hop, got into the field of action and removed a thousand from you. You can’t remove anything from a locked phone.
                    And contactless cards must be worn in a case with foil.
                    1. Mordvin 3 14 March 2020 00: 06 New
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                      Quote: Lagging Neutron
                      And contactless cards must be worn in a case with foil.

                      Wow, spruce, I’ll go put the pan on the card ... wassat
            2. Sergey Averchenkov 13 March 2020 23: 51 New
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              You are fashionable ... :) I'm not so advanced. The mid-Chinese smartphone that my granddaughters gave me does not support this. :)
      2. 16329 13 March 2020 17: 35 New
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        By the way, Germany has a very miserable system of digitalization of banks in comparison with Russia, no one transfers payments over the phone and no one saw ATMs without cards on a face scan
        Yes, and many people use cash
    3. DMB 75 13 March 2020 17: 25 New
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      Better gold.
      1. 16329 13 March 2020 18: 03 New
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        The function of money as a "treasure"
    4. Runoway 13 March 2020 17: 33 New
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      No matter how much trynds are about giving up the dollar, there is nothing more reliable than $$$ in cash over the entire recent history of Russia. Rubles and a passbook are always under the real threat of becoming a candy wrapper.
      An elementary unsuccessful OPEC congress and all Russians with savings in rubles lost 15%, moreover, stores in a hurry, taking the opportunity, change the price tags by + 20%. It is necessary to somehow adapt to the realities, no one in the country has changed anything in 20 years and will not change
      1. Martin 13 March 2020 19: 53 New
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        but there is nothing more reliable than $$$ in cash for the entire recent history of Russia.

        Yes? Well, calculate the margin that you pay in the exchanger, buying dollars from your salary, and then again rubles for making a purchase.
        All these dollar hops are a way to make money in a panic. The dollar has no real value, the same piece of paper. Well, he jumped the day before yesterday, today already rolls down. Then again, he can jump in different directions. Only those who pump it up and down themselves can really make money on it.
        1. Runoway 13 March 2020 22: 05 New
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          I had in mind the storage of savings, the margin in “stable times” is 1.5-2p (and if you change back to rubles no more often than once a year, ALWAYS made a profit), but the dollar has been growing since 1998, as in that song “Everything is higher, higher and higher"
          In 1998 multiplied by 6 times
          In 2014, twice and since then did not fall below 57p, what is your exchange margin ?????? Pissing penny, but with the ruble you are always in ......
      2. Sergey Averchenkov 13 March 2020 22: 14 New
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        A very long time ago refused the dollar. I don’t need him - I’m not a millionaire, I would have to calculate in rubles what I have. Although I have a friend - running, changing the euro to dollars, then to rubles, freezes in forex ... what can I say - a speculator.
    5. Aibolit 13 March 2020 19: 46 New
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      Quote: Overlock
      Cash is always better. than non-cash!

      her (cash) can easily be stolen (from home).
      see an example:
      this is the deputy governor of the Yamal-Nenets Autonomous Okrug Albina Svintsova

      robbers burst into her house, near Moscow, beat her husband and tied her up and, as a result, took away 200 thousand euros in cash (16,5 million rubles at the old rate)
      It is worth noting that in 2018, Svintsova declared 51 million rubles of income for herself and one million three hundred thousand rubles for her husband.
      Quote: Overlock
      the best bank is a three-liter

      The best investment, according to Volodin, is:
    6. Martin 13 March 2020 19: 50 New
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      Cash is always better. than non-cash!

      Controversial statement. I also love cash very much, but let's be objective: cashless has certain advantages.
      First, if robbers climbed into your apartment, they can only steal cash. Yes, cashless funds can also be stolen from the account, there are schemes, but with minimal caution, it’s more difficult on your part. Will the state steal? Also not so clear. Remember the “Pavlovian” reform when you were not given the opportunity to exchange large bills for new ones. Those who had contributions survived this problem.
      Secondly, if you suddenly run out of money ... well, let it be on the phone, but outside the window it will rain, a hurricane and generally 3 a.m. Bank transfer can be paid at any time of the day and in any weather. With the Internet, of course, or cellular.
      I spend 99% of payments in cash (shops, communal apartment, fuel). But I always have the opportunity of cashless payments. Sometimes more convenient. Airplane / steam train tickets, for example.
  2. Svarog 13 March 2020 16: 46 New
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    And then the ECB turned on its printing press again. However, experts doubt that this measure will save Europe from the impending crisis.

    Zadolbal already these crises .. if there is a crisis in Europe .. then what will happen in Russia then ..
    1. Malyuta 13 March 2020 16: 57 New
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      Quote: Svarog
      Zadolbal already these crises .. if there is a crisis in Europe .. then what will happen in Russia then ..

      Last year, one well-known figure complained about the consequences of the 2010-14 crisis, since it was 19th, and now you can blame the people for the current crisis for the current crisis until the 35th, unless of course the government changes, but I would like to.
      1. Honest Citizen 13 March 2020 17: 06 New
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        Remember the 90s. A pack of cigarettes for 5000 rubles. The salary is millions.
        Actually, 100 ruble bills were used instead of toilet paper - it was cheaper.
        1. Mordvin 3 13 March 2020 17: 14 New
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          Quote: Honest Citizen
          A pack of cigarettes for 5000 rubles. The salary is millions.

          There was no such thing. A bottle of moonshine was worth 5 thousand, a bottle of Slanchiv breg - 11 thousand. A million wages were considered very good. Vidak writer cost about 800 thousand, and TT with two stores - a million two hundred.
          1. 16329 13 March 2020 17: 32 New
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            In October 1994, 1 USD cost 3900 rubles
            So, for comparison
            1. Mordvin 3 13 March 2020 17: 43 New
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              Quote: 16329
              In October 1994, 1 USD cost 3900 rubles

              In May 1994, I received 182000 vacation pay (one million, eight hundred and twenty thousand rubles). So, for comparison. A house in the Crimea at that time was worth 7-8 million.
              1. Serwid 13 March 2020 19: 52 New
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                Quote: mordvin xnumx
                In May 1994, I received 182000 vacation pay (one million, eight hundred and twenty thousand rubles)

                One toe is not enough.
              2. 16329 13 March 2020 22: 55 New
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                In May of the same 1994, the USD was still about 2000 rubles, so by October of that year, the house probably also grew in price, I hope you bought it during your vacation or immediately after
                1. Mordvin 3 13 March 2020 23: 42 New
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                  Quote: 16329
                  I hope you bought it on vacation or right after

                  Did not buy. I bought all kinds of garbage like vidak, TVs and motorcycles.
                  1. 16329 14 March 2020 03: 42 New
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                    Well, okay, so it should be, but there are pleasant memories associated with these toys, I've also always spent a lot of money on all sorts of nonsense, what to do, healthy curcule is not given to everyone, especially in young years
          2. _Sergei_ 13 March 2020 17: 57 New
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            TT could be taken for 300 thousand.
            1. Mordvin 3 13 March 2020 18: 03 New
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              Quote: _Sergey_
              TT could be taken for 300 thousand.

              This is for you, in Tula, near the monument to Mosin they were sold at a low price, but we are the province ...
              1. _Sergei_ 13 March 2020 18: 10 New
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                It was in Altai and when there was such a price tag on a business trip to Ivanovo.
                1. Mordvin 3 13 March 2020 18: 16 New
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                  Quote: _Sergey_
                  It was in Altai

                  I have not been there, in kind laughing
          3. Alex Justice 14 March 2020 16: 28 New
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            And also Vidic changed for cars.
            1. Mordvin 3 14 March 2020 16: 36 New
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              Quote: Alex Justice
              And also Vidic changed for cars.

              This is nonsense compared to the 80s, when the video player could be exchanged for a summer residence near Moscow. And one video cassette cost 300 rubles, count two salaries. I have a hundred of them, sometimes I turn it on, it’s interesting to look at old German erotica. Schnel, schnel. laughing
        2. Golovan Jack 13 March 2020 17: 15 New
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          Quote: Honest Citizen
          Actually, 100 ruble bills were used instead of toilet paper

          belay Yeah ... Monsieur really understands ... (c).

          Quote: Honest Citizen
          it was cheaper

          Maybe cheaper ... but very inconvenient laughing
          1. bubalik 13 March 2020 18: 02 New
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            Maybe cheaper ... but very inconvenient
            laughing

            ,,, healthy humor is not alien to you yes
    2. gridasov 13 March 2020 17: 06 New
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      Yes, there are no crises! Live your life, your goals and objectives, and criss will never be. No need to get involved in the games of governments, banks and other scammers. The state was created as a mechanism solving the tasks of society., And not vice versa as it is now. All presidents and their gangs are parasites and scammers cashing in on society. Therefore, their games are not worth playing.
      1. Honest Citizen 13 March 2020 17: 10 New
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        No need to get involved in the games of governments, banks and other scammers.

        Yes, most people would be happy, but that's just governments, banks and other scammers think differently.
        1. gridasov 13 March 2020 18: 33 New
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          Let them consider what they want. And you consider it to your advantage and your interests. The main thing is to remain invisible to the system
      2. Overlock 13 March 2020 17: 14 New
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        Quote: gridasov
        Live your life, your goals and objectives, and criss will never be.

        those. do not pay attention to Putin's assurances that we will overcome the crisis?
        1. Honest Citizen 13 March 2020 17: 18 New
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          Well, he didn’t specify who "we"
        2. gridasov 13 March 2020 18: 25 New
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          Generally do not care who and what says! There is a mating space with which you interact. So solve problems both near-term prospects and those that are able to master. And there is nothing to live on the scale of the tasks and problems of the state that others control.
        3. gridasov 13 March 2020 18: 31 New
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          Who is Putin? Who is he to you? A relative or or guarantor of your happy life. He solves his problems and he certainly does not care for the whole mass of people. He is an appointed watcher from the clan. And this is correct and normal! And it’s good that he doesn’t leave anywhere and cannot leave. You would leave or let go in his place.
      3. Sergey39 13 March 2020 17: 21 New
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        Quote: gridasov
        No need to get involved in the games of governments, banks and other scammers.

        Yes, gambling with the state is not recommended!
        1. Mimohod 13 March 2020 18: 05 New
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          That's just it, if you want it, you want it, laughing .
          1. gridasov 13 March 2020 18: 26 New
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            it is not a state, for it involves a common man in complicity in events.
  3. Mavrikiy 13 March 2020 16: 46 New
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    Germany stocked in cash: Europeans are preparing for the crisis
    Printed, of course. When will we start stocking up or will we sell gold to the brazen again?
    1. Overlock 13 March 2020 16: 52 New
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      Quote: Mavrikiy
      When will we start stocking up

      someone is already stocking up with currency, someone is buying buckwheat, someone is looking at everything philosophically. But according to all forecasts, the ruble will go further, so something needs to be done
      1. Svarog 13 March 2020 17: 05 New
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        Quote: Overlock
        But according to all forecasts, the ruble will go further, so something needs to be done

        What to do .. who planned to buy a car in the spring -you need to run .. I did so, a lot of loans are issued to people in the cabin, managers say they will go up by 15% in April .. In general, whoever has the stash needed to keep it in dollars and under the pillow ..
        Once, about 15 years ago, the work was good, and the income was appropriate, so I began to buy land, build a house .. and a friend bought all the dollars .. I told him why? And he doesn’t produce anything in Russia and the dollar will always grow ... and he was right .. taking into account two major ruble depreciations over these fifteen years, he saved up a three-room apartment in Moscow, in a good area. I wish he listened to him at that time ...
    2. Honest Citizen 13 March 2020 17: 00 New
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      When will we start stocking up

      It will be like 2008 - we’ll rush to save the banks and open up the NWF small bottle
      1. Overlock 13 March 2020 17: 03 New
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        Quote: Honest Citizen
        let's rush to save the cans and open up the NWF bottle

        uncorked, and it is EMPTY or half full!
        1. Honest Citizen 13 March 2020 17: 05 New
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          Well, if Sechin opens up with Timchenko, then it’s half empty
          If I’ll buy it out, let’s say, I don’t think so! She is half full!
          1. Overlock 13 March 2020 17: 07 New
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            Quote: Honest Citizen
            Well, if Sechin opens up with Timchenko, then it’s half empty
            If I buy it out, let’s say ...

            I think that at this solemn moment you will not be invited, you will begin to count in rubles, and they will be tons and centners
            1. Honest Citizen 13 March 2020 17: 07 New
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              Unfortunately you are right. And I would like to see.
              1. Overlock 13 March 2020 17: 11 New
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                Quote: Honest Citizen
                And I would like to see.

                start to get nervous. And so, somewhere there is a fund. or maybe not him.
        2. Malyuta 13 March 2020 17: 39 New
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          Quote: Overlock
          Quote: Honest Citizen
          let's rush to save the cans and open up the NWF bottle

          uncorked, and it is EMPTY or half full!

          Well, if the rulers buy their own savings at the expense of the stabilization fund, then it will be empty and then it will be necessary to introduce an amendment so that pensioners do not retire at all, but hang themselves on their birthday, there will be nothing to pay the pension patamushta.
  4. knn54 13 March 2020 16: 46 New
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    ALL acquaintances who have visited the Federal Republic of Germany note Germans' dislike for cards. There are even establishments where they only take cash.
    1. Overlock 13 March 2020 16: 59 New
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      Quote: knn54
      There are even institutions where they take only cash.

      now they will take everything!
    2. reservist 13 March 2020 17: 33 New
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      so I got the impression that the bulk of the Germans are not greedy people, just every cent thinks what’s called on the machine, and processing cards for those who accept them is not free ... buy a card reader, pay a fee to the card system and the card system ... for small businesses it’s probably trivial to work with cash cheaper ...
      1. Fat
        Fat 13 March 2020 18: 13 New
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        Quote: reservist
        so I got the impression that the bulk of the Germans are not greedy people, just every cent thinks what’s called on the machine, and processing cards for those who accept them is not free ... buy a card reader, pay a fee to the card system and the card system ... for small businesses it’s probably trivial to work with cash cheaper ...

        We have exactly the same in Russia. For a small shop cashless - a burden.
  5. Prahlad 13 March 2020 16: 58 New
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    If they are saving up a little egg, then something really terrible is coming. As long as they have a crisis there, we will starve. In a terrible time we live.
    1. Mimohod 14 March 2020 05: 09 New
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      Well, yes, we cook and eat grass under the fence, grandfathers and great-grandfathers have seen worse times and life goes on ....
  6. Operator 13 March 2020 17: 01 New
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    Cash is not a panacea: in the period from 1920 to 1923 in Germany, hyperinflation amounted to 50 quadrillion percent.

    Gold is our everything bully
    1. Overlock 13 March 2020 17: 04 New
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      Quote: Operator
      Gold is our everything

      how much gold do you have in a bottle?
      1. Operator 13 March 2020 17: 15 New
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        And hell knows - it will be necessary to somehow calculate laughing
        1. Overlock 13 March 2020 17: 17 New
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          Quote: Operator
          And hell knows - it will be necessary to somehow calculate

          it is very important! The main thing is not to cheat yourself!
          1. Operator 13 March 2020 17: 18 New
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            Everything will be type top - do not hesitate laughing
    2. marshes 13 March 2020 17: 18 New
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      Quote: Operator
      Gold is our everything

      Nobody accepts investment coins except the National Bank, I had an emergency, I only exchanged currency at the airport at night, doctors only took the national currency.
      And I bought coins, so I keep them in a small bag laughing for children as in South Park. laughing
      1. Operator 13 March 2020 17: 31 New
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        Sberbank of the Russian Federation sells gold bullion weighing from 50 grams to 13 kg. The only problem is that when buying, a citizen needs to pay VAT to the bank, and when selling to the same bank, previously paid VAT is not refunded from the budget (as a legal entity).

        But if gold is considered as a means of payment for goods and services, then the previously paid VAT will simply be taken into account in the actual price of goods and services - in conditions of accelerated inflation of money, of course.

        There is only one problem with gold - where to store if banks with their cells burst?
        1. marshes 13 March 2020 17: 36 New
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          Quote: Operator
          Sberbank of the Russian Federation sells gold bullion weighing from 50 grams to 13 kg. The only problem is that when buying, a citizen needs to pay VAT to the bank, and when selling to the same bank, previously paid VAT is not refunded from the budget (as a legal entity).

          For this, I don’t get bullion, although we have canceled 12%. I took the most popular 1/4 and 1/2 oz.
          Quote: Operator
          There is only one problem with gold - where to store if banks with their cells burst?

          In the garden, maybe something will sprout. laughing
          1. Operator 13 March 2020 18: 32 New
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            And the mine detector for what - see the movie "Golden Mine" laughing
            1. marshes 13 March 2020 19: 38 New
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              Quote: Operator
              And the mine detector for what - see the movie "Golden Mine"

              It is necessary to dig in deeper and say KRES -FEX-PEKS.
              1. Operator 13 March 2020 19: 49 New
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                GPR will not work deeper laughing

                By the way, Gdlyan and Ivanov in the late 1980s precisely with the help of mine detectors successfully "dispossessed" your Uzbek neighbors.
                1. marshes 13 March 2020 20: 09 New
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                  Quote: Operator
                  By the way, Gdlyan and Ivanov in the late 1980s precisely with the help of mine detectors successfully "dispossessed" your Uzbek neighbors.

                  And what did they find a lot?
                  Strange in the Caucasus and the Stravpol Territory and the Rostov Region, more were found, including tiles made of gold.
                  By the way, why are thieves from the Caucasus, not a merino. But from Central Asia there are only a few and then posited.
                  1. Operator 13 March 2020 22: 27 New
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                    In the cotton case, 4500 people were prosecuted, including: First Secretary of the Central Committee of the Communist Party of Uzbekistan Usmankhodjaev; Chairman of the Council of Ministers of the Republic Khudaiberdyev; 3 secretaries of the Central Committee of the Communist Party of Uzbekistan; 7 first secretaries of regional committees; 430 directors of state farms and collective farm chairmen and 1300 of their deputies and chief specialists; 84 directors of cotton mills and 340 chief specialists of these mills; 150 light industry workers.

                    In May 1986, the grave of Sharaf Rashidov, which was located in a park in the center of Tashkent, was opened at night. The total value of rubles, currency and gold seized in Uzbekistan amounted to about 300 million in ruble terms. In April 1988, an exhibition of part of material evidence was held in the building of the Prosecutor General of the USSR
        2. cat Rusich 14 March 2020 00: 40 New
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          Where to store gold? what Advice from Soviet classics - cast weights ... good
    3. BIABIA 13 March 2020 17: 21 New
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      I have a wedding ring fellow
  7. Thrifty 13 March 2020 17: 09 New
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    "I accept the storage of euros in any quantity, and at a small percentage. yes I guarantee that I will not guarantee anything, but I promise not to introduce sanctions on your money lol "!!!
    1. Overlock 13 March 2020 17: 15 New
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      Quote: Thrifty
      "I accept the storage of euros in any quantity, and at a small percentage.

      it remains to be clarified: who pays the percentage? Are you or a contributor? laughing
      1. Thrifty 13 March 2020 18: 19 New
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        Overlock - I have to pay depositors, otherwise I will impose sanctions on the deposit lol !!!
  8. marshes 13 March 2020 17: 14 New
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    By the way, who noticed that before March 7, commercial banks sold gold buying up currency.
    Looks like they knew.
    And they’ll have something.
    1. Overlock 13 March 2020 17: 19 New
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      Quote: marshes
      And they’ll have something.

      They have us, there is no doubt! One goal game as they
      Quote: marshes
      Looks like they knew.

      and prepared.
  9. samarin1969 13 March 2020 17: 17 New
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    It is doubtful that Prokhorov literally left for CASH. This word, like "cash", is often used in the sense of simply "money", and not securities, shares in the business, etc.

    ps Judging by the stock and foreign exchange markets, the coronovirus simply caused hysteria among economists. Neither "cache", nor ounces, nor real estate, nor stocks can be something more reliable than anything else. Now there is a possibility that even a “presidential suitcase” under the bed can turn into rubbish. Money outside the US can simply be declared "contagious." And America’s pride - the “service industry” could drown. The needs of people narrow down to the refrigerator and sacred texts.
    1. Overlock 13 March 2020 17: 21 New
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      Quote: samarin1969
      Money outside the US can simply be declared "contagious."

      very likely
      Quote: samarin1969
      The needs of people narrow down to the refrigerator and sacred texts.

      when you want to eat, high matters do not climb into your head
  10. Livonetc 13 March 2020 17: 26 New
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    Global: the pestilential economics of the financial soap bubble in a crisis have long been unavailing.
    The pyramid always collapses, how many waste paper do not print and how many zeros do not draw.
    We will be able to live in an era of global change, no matter who pulls this end.
    It may be interesting to someone, but most will be very shitty and for a long time.
  11. fif21 13 March 2020 17: 50 New
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    This is not a crisis preparation wassat If there are negative deposit rates in the Russian Federation, then our money will be stored in 3 liter banks. To attract money into the economy, the rates on deposits and securities should be more than real inflation (this is an axiom). hi
  12. Gennady Fomkin 13 March 2020 18: 02 New
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    Imagine throwing an efk in a dugout, and there an air bomb was buried, it banged so everyone jumped up. laughing
  13. voyaka uh 13 March 2020 18: 04 New
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    The Germans store cash not at home but in the safes that are in
    banks. Everything is legal and legal. For the storage of money they pay banks.
    But the banks themselves are without spending money.
    There is no money for new plants, for new research. No startups or innovations.
    Their largest bank - Deutsche Bank - is on the verge of collapse.
    All its profits are made by the American branch, and the branches in
    Germany - unprofitable.
    1. Alex Justice 14 March 2020 16: 35 New
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      People simply switched to cash and began to store them at home, as it always was in times of crisis for the economy.

      The author apparently does not know that the majority of the population’s money is invested in real estate or somewhere else and it’s not easy or simply impossible to cash out. Few put money into deposits, not profitable.
  14. NF68 13 March 2020 18: 53 New
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    Kindergartens, schools, colleges, etc. are closed for about a month. On the way, the closure of universities. Perhaps they will cover something else for a while.
  15. kiril1246 13 March 2020 20: 09 New
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    Dumb Americans, Now they will buy their dollars from the Russians at 73 rubles!
  16. iouris 13 March 2020 20: 41 New
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    There are no deposits of gold, and Euro is Bundes money, you can always print.
  17. A. Privalov 13 March 2020 21: 44 New
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    All by. The next crisis will be associated with the coronovirus. However, in Europe this will not end. Alas...
    1. iouris 14 March 2020 00: 25 New
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      The crisis happened, so Clinton lost the election to Trump. Tectonic changes have ripened.
  18. 23424636 14 March 2020 21: 43 New
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    The article is written unprofessionally. we are talking about 2 things. Banks in Europe do not allow you to store money in accounts since they are in the red on a deposit. But spending with a card is easy. The second is cash. For what ? If you just accumulate, But this is not a ruble that can collapse due to boys and girls raised on a vision of the world through green or euro. The euro can be kept in cash only if there is a minus on the bank’s deposits, and at the same time, Ukraine sells paper bonds of the domestic state loan at 7.5% per annum. People can take a chance and earn a little money, but there are Kiev crooks-villains from Milton groups. Headed by Jacob Kiselman who robbed More than 1000 retirees from 50 countries. Keeping cash is the risk of robbery and loss. Therefore, the average is to spend buying equipment, cars and keeping a little on just like that.