Wednesday, December 31, 2025

This Gelsenkirchen Bank Break-In

 The most obvious questions:

1.  Is it normal for Germans to have a bank 'box'? 

Not that normal.   If you have items of value....silver/gold  coins, bitcoin passwords, etc....then it makes sense.

2. A lot of the customers in this case were Turks?

News reports suggest 75-percent. 

3.  Did Turkish business owners stash unreported money into their boxes?

Well....yeah, that is a possibility.  If you ran some operation heavily dependent upon cash, you might have gone to the bank box weekly and stashed several thousand Euro.  It wouldn't shock me if some folks lost over 100,000 Euro.

4.  The bank in incredible trouble? 

No....the police will clear them of responsibility....once consumers show proof of valuable items...the insurance company will pay them off (figure six months).  The folks who had cash....into the tens of thousands (or more)....they will never get their sum back.

5.  Trust in banks takes a hit?

Across the nation....probably over a quarter-million of people who have bank boxes.....are now wondering about their safety/security.  In January, I expect a lot of people to go and buy a safe for their basement.

6.  The robbers?

Rumor has it....the German police are eyeballing clan gangs in the Netherlands. 

7.  The numbers of value 'stolen' reliable?

Well....NO.  If you were a business owner and stashing 2,000 Euro weekly into a box....you won't admit your 150,000 Euro 'stash' to the banks or the police. 

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