I hate this headline. It’s not an actual bank. It’s a storage facility that provides financial products to the producers of PR who need a steady cashflow for day to day operations and can’t afford to wait until the cheese wheels are mature and ready to be sold. So the storage place provides this steady cashflow with the cheese as collatoral basically.
With Europe’s recent heatwaves the facilities that store these wheels are struggling to keep the wheels at the right temperature to make sure they mature right. If they lose the wheels, they lose their collatoral and the whole thing runs the risk of collapsing.
This headline implies that Italy’s banks deal solely in cheese which, even though it would be very funny, is just ludicrous. It’s clickbait nonsense really.
Nah. It’s all Parmesan cheese all the way to the central bank. The whole Italian economy is based on Parmesan.
this is rediculous and obviously you know nothing about italy. They are not stupid. they know how to diversify. there are stores of asiago along with of course dried pasta and canned tomatoes. for export of course.
it’s blueiculous too!
Also I hear their roads are paved with the stuff. Rock hard. Bet they have a lot of pot holes though.
No, you’re thinking Switzerland.
I don’t know, Swiss cheese is pretty soft to be paving roads with 😬
The fact that they fill the potholes with pasta, just serves to make it worse. Delicious, but worse.
I wish it was as the title suggests. I have a deep love of parmesan. I’d love to think it was a viable currency.
you could say that Italian banks deal in cheese and FIAT?
That’s what big cheese wants you to believe.
Fuck you and your big Parmesan cheese propaganda.
We all know that it’s shady long big parm bets propping up the entire Italian economy, and shame on you for trying to mislead small wheel investors.
If anything this just proves that my puts on cheese whiz are the correct investment vehicle for the time being.
Go long on aerosolized cheese bitches.
Well big Parm and Big Pasta
Collateral
honestly this was closer to the headline than I thought it would be. It is kinda neat.
Oh no, the businesses will have to cut into their profits to ensure their investments mature.
Ah!!! Gene!!!
Dear fellow Americans, please stop producing parmesan cheese. You are driving inflation in Italy and directly devaluating their currency. This may be seen as an act of economic warfare.
Americans producing parmesan is like me printing euros. It doesn’t cause inflation because it doesn’t count lol
(not saying Americans can’t make cheese, I hold no opinion there - parmigiano reggiano can only be made in a specific part of Italy, otherwise it’s just
sparklinghard cheese)It’s called quantitative cheesing
It actually is a great damage to the Italian economy. American parmesan is what in Europe is deemed a counterfeit product and thus banned.
