A few weeks ago the Belgian government announced a new government bond. What is different this time is 
One needs to know that more than 300 billiom Euro is stored in Belgian saving accounts. Not that this is a problem but the banks currently are getting rich by doing nothing. And nothing can be taken literally. In the past months the European bank did increase there interest rate several times, but the regular banks weren't following. So that were making a shitload of profit by increasing the interest when lending out money, but not increasing the interest when money is stored with them. While I don't have a problem with banks wanting to make a profit they should be fair. To encourage the banks to increase their interest the government issues this bond with a net interest of 2.81%. This is a common fact in the complete European Union. Some countries just did introduce extra taxes of the banks, but that isn't helping the normal people.
Regardless of what people do, inflation is kicking them in the nuts. But maybe it seems that the people do want to make a statement to the banks, because at the moment already 12.8 billion euro has been moved to the government bond. That is massive. Experts think that even the 20 billion can be passed. That would be a huge signal to the banks.
We were doubting if we would invest into it. I, just like most Belgians, do like to have the money available. The wife on the other hand did say that we had no plans to use the amount of money we were willing to invest and want to give a signal to the bank. While we do know and understand that the bank would feel anything about us moving some money away, if lots of people do this, it would become a signal.
I am playing with the idea to invest 10% of the amount we did invest into the bond into crypto and see which one wins.
Cheers,
Peter
