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The clock is ticking - savers are expropriated

Expropriation of German savers ... How the Germans broke save YOUR money.Sparschwein kaputt

Save was once a virtue. Today savers mostly look stupid from the laundry: Because of the Mini-interest rates and inflation loses money every month in value. This explains why the Germans must redirect. The clock is ticking: On Thursday, 05/06/2014, the European Central Bank (ECB) will go an unprecedented step in the opinion of almost all observers. It will reduce the interest rate from the current 0.25 Prozentauf up to 0.1 percent ....


What sounds abstract, has an impact on many millions of savers in the entire euro zone. The prime rate influenced countless financial products. The lower it is, the less interest get savers usually on their deposits.

And that's not all: Probably the ECB will go even further and introduce a penalty interest rate for banks to park money at the central bank rather than lend it to companies.

Economists fear that banks pass on the penalty interest rate on their customers. This daunting experience was made in Denmark. To forgive instead of more loans and reduce financing costs for businesses, gave Danish banks, the additional cost of the penalty in part to credit customers. A nightmare scenario for the already beleaguered savers.

The German savers are forced to detour the ECB to pay the national debt.

Worse: With the interest-trick eludes the federal government of the necessity to carry out structural reforms. On the contrary: Weigh the public in the illusion that adventures are possible. Who should make a billion commitment to the bankrupt state Ukraine in question?

ECB cuts key rate to record low in 2013 already

Европейский центральный банк делает деньги в Европе дешевле, чем когда-либо с 1999 года! Германия сомневается в решении.

С недавнего курса монетарные власти сократить Европы остановить рецессию в зоне евро. Европейский центральный банк (ЕЦБ) вновь принимает уже крайне низкие процентные ставки от 0,75 процента до 0,5 процента - и это не должно быть низкая точка.

Statistik des Leitzins

"We are ready to act if necessary," ECB President Mario Draghi reiterated on Thursday after the exit meeting of the central bank council in Bratislava, Slovakia. Thus, central bank money in the euro area for banks as cheap as never before since the introduction of the common currency in 1999. Moreover, banks can borrow unlimited 2014 new money from the ECB at least until the beginning of July. The interest rate on money, park the banks overnight at the ECB remains unchanged at zero percent.

The monetary authorities hope that the financial industry the cheap money will pass on in the form of loans to businesses and consumers. So far, this does not in the expected level - although the level of interest rates in the euro area is extremely low since July 2012 and the ECB attacked the banks with additional long-dated loans at extremely favorable terms under the arms. Downside for consumers: With low central bank interest rates very low interest rates are connected, for example, for systems on savings accounts.

The further cut in interest rates is controversial, even though inflation is currently low - in April, the rate dropped to 1.2 percent in the euro area - and the ECB on inflation side leaves room for action. Because especially in Germany is doubtful that even easier money can really push the economy in crisis countries such as Italy, Spain, Portugal and Greece. "We have 17 countries whose economy is very different," argued Draghi. "We think: If one takes into consideration that the economic weakness relates to the core countries, all benefit from this move." The EU Commission expects that the economic performance continues to shrink in the euro area in 2013.

Next on the Today 06/05/2014

A strong kick in the southern European countries and France hope the Governing Council meeting, which takes place this Thursday (06/05/2014). And Mario Draghi will not disappoint this time. "The sparrows rate cut from the rooftops," said Jens-Oliver Niklasch, an economist at Landesbank Baden-Württemberg (LBBW). It is generally expected that the ECB will cut interest rates for the euro area from 0.25 percent to 0.15 or 0.10 percent. In general, the reduction in the base rate triggers a devaluation of the currency. In this case, the effect may be limited. What to do first, 0.1 percent from already?

Statistik des Leitzins bis 2014

But while the ECB will not stay. The European central bankers will try something new from her magic box: the negative interest rate. This means that a commercial bank has to pay a penalty rate if they park money at the central bank. Two goals would the ECB reach it, says LBBW analyst Niklasch: "The first is quite simply that the euro will weaken in the currency markets, while the second is that provided by the ECB's high liquidity arrives in the private sector."

In other words, the banks should be forced to lend more to businesses. This would generate more investment, more growth and ultimately higher inflation. If the Euro is also weaker, then the ECB has banned a measure both ghosts. However, experts have doubts that this bill comes up. "The lending of commercial banks actually depends more on the credit demand as the supply of credit," said Jens-Oliver Niklasch.

That is because of the debt crisis and the recession fewer loans were demand, especially in southern Europe. In addition, the ECB can not force them to lend money to the private sector banks. To avoid the penalty interest rate, banks probably looking for other investment opportunities, such as government bonds of indebted countries in the euro zone. They still throw off a good return and enjoy the guarantee of the ECB. But that means more money flows to Southern Europe and the effort of a euro devaluation is contrary.

Where then does the money come?  Wie Banken Geld machen!

How much money do the Germans?

The assets of German citizens is enormous. As the Bundesbankb announced a few weeks ago, the assets of private households grew by the end of 2013 to record high of 5.15 trillion euros. Included therein are cash, securities, bank deposits and insurance claims. If that is losing value, many millions have disappeared in assets in NOTHING!

According to a study by the Bank of Scotland a quarter of savers has a magnitude 10000-50000 euro. One in ten has a capacity of 50,000 euros or more. This owner-occupied properties and claims from life and pension are not even considered.

Where is the money the Germans?

In money matters, the Germans are conservative - and shy away from the risk. They stuck their savings, especially in safe bank deposits, but unlikely to bring interest rates: With 32 billion euros this type of investment flowed fourth quarter of 2013 as much as last to the end of 2010.

Especially daily available cash such as current accounts is required. "The preference of households for cash and bank deposits can be clearly seen", said the Bundesbank and include in their study.

The "savers Compass 2014" Bank of Scotland confirms this: Accordingly, 69 percent decide when investing money for the safe option - and forego this profit because the savings accounts barely throw something.

With their traditional savings accounts, the Germans not only earn nothing - many even lose some. Because the mini-interest can not even compensate for inflation usually. The purchasing power of the saved money thus decreases.

Thank this problem is apparently not even aware: According to the "savers Compass" almost one in four people holding a money market account for the best way to earn good returns at low risk. How savers come to this opinion, is puzzling. After all, most money market accounts currently throwing from only 0.3 or 0.5 percent interest. Apparently, many do not know.

Where should the money the Germans are?

If you look at the last three years, can give to this question, only one answer: On the stock market. So it assess the most professional investors.

In the fourth quarter of 2013, household wealth grew by 79 billion euros. Of this, roughly 47 billion on gains in shares and certificates. But benefits from only a minority of Germans, the bottom line, the household even split of shares to the value of four billion euros.

Quelle: Focus-online , ,