Observations from Germany
Posted: 26 Jan 2012, 09:29
Hello everybody,
In my private and business life I meet with lots of entrepreneurs. Over recent years these people have got to know me as a "guy predicting doom". So over the years I have grown myself a reputation as being quite well informed about what's going on and being quite realistic about what things may happen around us - that not only brings me often interesting conversations but also creates some interest in my opinion.
Over the last months I had to recognize the following trends for the economic world around me in Germany:
a) German media (even large, daily papers with reputation) publish "the truth" not just inbetween the lines but straight out.
b) Parts of the general public thus start being pressured by the thought of a currency disaster.
c) A variety of entrepreneurs (and not the small ones) have well started being concerned about our currency, the economic and monetary system. Thus, I personally know quite a few people what have started preparing themselves and their companies for a potential impact.
Funds are reallocated, accounts moved out of the Euro (mostly into CAD, NOK and CHF), retirement funds shifted, insurances layed off or closed.
Many entrepreneurs have started moving out of the Euro. Funds are still not heading into PM but rather into "non-Euro" and "non-financial" investments.
d) The rest of the populus are apathetic and watch the snake come closer.
Just for your information.
Greetings.
In my private and business life I meet with lots of entrepreneurs. Over recent years these people have got to know me as a "guy predicting doom". So over the years I have grown myself a reputation as being quite well informed about what's going on and being quite realistic about what things may happen around us - that not only brings me often interesting conversations but also creates some interest in my opinion.
Over the last months I had to recognize the following trends for the economic world around me in Germany:
a) German media (even large, daily papers with reputation) publish "the truth" not just inbetween the lines but straight out.
b) Parts of the general public thus start being pressured by the thought of a currency disaster.
c) A variety of entrepreneurs (and not the small ones) have well started being concerned about our currency, the economic and monetary system. Thus, I personally know quite a few people what have started preparing themselves and their companies for a potential impact.
Funds are reallocated, accounts moved out of the Euro (mostly into CAD, NOK and CHF), retirement funds shifted, insurances layed off or closed.
Many entrepreneurs have started moving out of the Euro. Funds are still not heading into PM but rather into "non-Euro" and "non-financial" investments.
d) The rest of the populus are apathetic and watch the snake come closer.
Just for your information.
Greetings.