In Preview Of Inevitable Unhappy QEnding, Overeager German Safecrackers Blow Up Bank
It looks like someone took a page from the Bernanke open-ended playbook, who when tasked by Chuck Schumer to "get to work, Mr. Chairman", and realizing his job is on the line, literally bet the Fed's political ranch on the biggest liquidity tsunami ever conceived in Keynesian history with consequences which as Gary Kaminsky explained earlier, will be akin to a Kamikaze pilot, if one who has over 310 million passengers. That someone was one or more German safecrackers in the town of Nottuln-Darup, who were eagerly pursuing their New Normal patriotic duty to release some bank reserves into broad circulation by blasting through a safe on Sunday night, when they used some extra laced C-4, in the process blew up the entire bank, shattering windows across the street, and causing hundreds of thousands of euros worth of damage. Perhaps this, more than anything, is the best visual of just what Bernanke's attempt to unclog the "bank plumbing" will look like in the end, even better than Zimbabwe coordinated 1 million man flush. The silver lining: at least they added to German GDP: if today's Ifo number is any indication, Germany desperately needs it.
From Spiegel, which for once is not reporting about 4x Eurozone bailout leverage citing "sources":
Thieves in Germany would seem to have been a bit overeager in their attempt to crack open a cash machine using explosives on Sunday night. The resulting blast destroyed the entire bank branch, causing hundreds of thousands of euros in damage.
Thieves are, of course, well known for extreme creativity when it comes to getting their hands on money that doesn't belong to them. But if all else fails, one can always turn to explosives.
That, at least, seems to have been the preferred strategy of bank robbers in the tiny western German town of Nottuln-Darup. The miscreants, however, appear not to have had the training required to adequately estimate the size of the detonation necessary to crack open the cash machine they had chosen as a target. Instead, the explosion destroyed the entire bank branch with one massive blast.
"It is a spooky atmosphere here," a police spokesman told reporters on Monday morning. "The fire department has set up an emergency power supply. Damage to the building is likely to be worth several hundred thousands of euros." The spokesman said it was unclear whether the building sustained significant structural damage and that experts had been called in to inspect the structure.
Miraculously, nobody was injured in the blast, despite debris ending up some 80 meters (260 feet) away. Residents of the apartments in the upper floors of the three-story building were quickly evacuated.
Initially, police were unsure whether the thieves had actually been able to access the cash they were after -- it initially proved difficult to even find the cash machine amid the rubble. On Monday afternoon, however, police told SPIEGEL ONLINE that some cash had been removed, but it remained unclear how much.
Perhaps these thieves in addition to mimicking Bernanke, alto took some hints from America's own FOMC-City bank robbers from 2 weeks ago:
It was also unknown on Monday afternoon who might have been responsible for the outsized explosion. Police have, however, been able to locate the getaway car some 500 meters from the destroyed bank branch. The vehicle had been stolen earlier.
It is unclear if the getaway car was also a Volvo.
And here is what both a bungled robbery, and what the final phases of QE X+1 will look like.
And here is how others have historically prepared to unclog "stuck" liquidity:
- advertisements -