German savers are on a record hunt: they have just reached a fresh all-time high with 2.81 billion euros in bank deposits. The fact that European banks in particular may be poorly capitalized does not matter to these people. The next wave of inflation will hit them like a bolt from the blue.
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holding euros... in the bank... ngmi
I mean, the Germans are getting better and better at ETFs, but man, these numbers are way too high... HFSP I guess
This is the part I dont understand.
Germany has had hyperinflation before.
Banks have closed.
Why do they still think banks are safe?
Do they have a poor memory?