ECB Press Conference

Hop in anons.

youtube.com/watch?v=WrwQSFe_Dlo

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cutting rates further into negative.

enjoy the leak

silver and gold are reacting heavily.

it has been reacting for quite some while but yeh, 15$ is some nice move (as of now)

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AAaaaaaaaaaaaahhhhhhhhh

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So, more inflation.
predictions:

>EU stocks prop up for a short while, probably better to ride it up a bit then sell high before deflation
>american stocks becoming eu's hedge against this, probably good idea to hold on.
>gold and silver, both go up

am I right frens

Did he just say they were going to lower interest rates into the negative? Did I hear that right. I came in late have no context

>minus 0.5 percent
were officially entered clown economy now

This is the end of our current system.

HE REALLY SAID THAT NO WAY

I don't like these repeating numerals

teh fucking ECB needs to burn they wanna lower rates even more until they get "sufficient inflation". prices here in krautland have gone fucking insane, real estate up 35% since 2015 alone, groceries are getting ridiculously expensive and here they are saying theres no inflation. fuck these kikes im buying more gold.

Deflation when ?

there will be no deflation. they can keep pumping money into the economy and devaluing our currency until were all starving in the gutter like weimar republic again.

Thx captain obvisious,

Holy shit. That's the same place where the CEO of Quant spoke at a month ago. So many breadcrums

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On the bright side at least every hot girl you ever known will become a prostitute

they do not even give a fuck about wages, they only care about their wicked metric of inflation.

>he doesn't know
dont tell him

so do I have to pay the bank to keep my money now? srs question
already paying like 60 bucks a year just to have my bank account and these fuckers want money for everything, soon theyll start charging for ATM withdrawals and whatnot. but will there be a general fee on top of all that shit as well? because thats when I will take all my shit out of the bank and put it in a safe

Thats already happening, many NEETS will "find" there true love in the next years.

I don't know where you live user, but ATMs do charge you for withdrawals. That's what the "maintenance fees" are, among other things. There's an additional fee if you withdraw from a bank you do not have an account with.
Also, there are already cash caps on how much you can withdraw from an ATM.
Hell, there is even an unspoken cap to withdrawing cash directly from the bank offices.

So yes, keep your shit in a safe and buy hard assets.

>buy hard assets.
like what?
i already have some gold an some bitcoin
I was gonna buy US index funds unironically because I feel like I cant put all my shit in gold and crypto. what the fuck is a young nigga supposed to do in this crazy day and age.

utility stocks like farms and eletricity

More bitcoin, try and get some real estate

Gold is good, bitcoin too even if it's unstable. Real estate.

Is real estate and bitcoin enough or should i buy metals aswell? Silver is fucking taxed 20% here lmao

silver is taxed 21% here. buy gold, it doesn't have this problem.

>Real estate
I wish I ccould afford it. my landlord is a banker at DB and we were joking around how he might be fired soon once it goes bust. he bought a massive apartment complex with 16 units last year, mustve sunk millions into it. guys like him will be the new kangs once our currency completely craps out.

Why

I don't understand what this means

Explain in greentext like I'm a retard pls

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Inflation is out of control in hard assets