Negative Interest Rates Arrive in Germany
As I tried to warn you noobs (George Torwell reference) some weeks ago, the insolvent banks in the Eurozone (and elsewhere) continue to up the game, this time by charging YOU for holding YOUR money.
See this article on Bloomberg.
Do not waste any time.
What more evidence do you need?
You have worked hard to earn your money and now banksters are plotting to steal it from you.
Do not be passive. Now is not the time to be passive.
Action plan
Learn how to use Steemit as an online savings account.
Withdraw some of your cash from the bank - under the mattress, the negative interest rates will not touch it.
That is the REAL reason for the war on cash - not the drug trade, the financing of terrorism, or any other boogeyman.
It is controlling what you can and cannot do with your money.
Do not just stash all of your wealth in SteemUSD - you must learn how to use Bitshares in order to store a fraction of your wealth in Smartcoins.
I also recommend parking a portion of your funds in #bitcoin - the king of crypto-currency.
If you are worried about how secure the bitcoins will be in your computer, I can recommend the use of a hardware wallet such as the Ledger Nano S.
Here is a good post by @loewan explaining the basics.
And remember -- avoid CENTRALIZED bitcoin exchanges whenever possible when you withdraw your money from the bank -- there are already today solutions, namely #bitsquare ..
If you do not know how to use the software, read these: part1 | part2 | part3 | part4 coming out tomorrow)
Conclusions
The madness of NIRPs is infecting Europe, fast.
The writing has been on the wall for many years now, and this was an entirely predictable move.
Expect capital controls and increased scrutiny in the near future.
The longer you wait, the more the banksters will get..
Take action today and learn more about crypto-currency technology!
Wow, a lot of useful links. We could have a page on mainpage related to "how to use steem as alternative to savings accounts from banks", not just a good post/even a trending post. This aspect: using steemit platform as a accumulation service it should be treated separately and with seriosity.
I used Bondora untill now for savings. It's a peer to peer lending platform. I can't access the kings of this game: Lending Club, Zopa, Funding Circle.
Very good post, thanks.
Maybe we need a catchy tag like #bankstergate :)
:))
with a good meme, of course.
In Soviet Europe, bank robs you!
yeah thats near to my feelings too,
i am from Austria and the banks here are moving fast. Closing on some locations, charging fees for getting money out of them, no way to send money online without a smart-phone and higher fees just for using our money for their gambling.
I am an early Bitcoin adopter from when one bitcoin was worth 7 $ . Since then, Bitcoin evolved and there is no need for me to own a Bankaccount anymore, except for the rent of my flat. I got an Xapo bitcoin credit card, i can buy on steam games with bitcoin and i can go in a shop and buy or sell my bitcoins at any time :)
So i can clearly say: i am out of Euro and i would you recommend, doing the same before its too late und u may be limited on withdrawing .
Thanks for the Story and good luck, getting out of the banking ,
cheers max
Same for me. I have steadily over the last years divested away from the banking system, relying ever-increasingly on crypto-currency to manage my personal finances.
I hope we can reach more people in time.
The fiascos in Argentina and Venezuela, for instance, were both perfectly avoidable.. if only people had known about bitcoin and crypto.
But people never seem to believe that it can happen in their country ......
3 Words - Gold, Silver & Crypto.