Looks like a revolt is happening against the European Central Bank. This could be a very interesting development for the world economy in coming months.
Well, the Bavarian Banking Association has had enough of this financial dictatorship.
Their new recommendation is for all member banks to ditch the ECB and instead start keeping their excess reserves in physical cash, stored in their own bank vaults.
This is officially an all-out revolution of the financial system where banks are now actively rebelling against the central bank.