The Revolution Begins: German Banks Told To Start Hoarding Cash
by Tyler Durden
ZeroHedge.com
03/04/2016
This is officially an all-out revolution of the financial system where banks are now actively rebelling against the central bank. In a stunningly real rebuttal of Europe’s negative interest rate policy, German newspaper Der Spiegel reported yesterday that the Bavarian Banking Association has recommended that its member banks start stockpiling PHYSICAL CASH.
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