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UK Sends Planeload Of Cash To Its Cyprus Troops As A "Contingency Measure"
We are presenting this Reuters story without any comment. None is necessary.
Britain said on Tuesday it had sent one million euros ($1.30 million) in cash to Cyprus aboard a military plane for its troops on the island in case cash machines and debit cards stop working.
"An RAF flight left for Cyprus this afternoon with €1M on board as a contingency measure to provide military personnel and their families with emergency loans in the event that cash machines and debit cards stop working completely," the Ministry of Defence said in a statement.
And some more from Sky:
Soldiers stationed on the island and their families would be able to borrow the money if cash machines and debit cards stop working completely, the Ministry of Defence said.
"The MoD is proactively approaching personnel to ask if they want their March, and future months' salaries paid into UK bank accounts, rather than Cypriot accounts," it said in a statement.
"We're determined to do everything we can to minimise the impact of the Cyprus banking crisis on our people."
Around 2,500 to 3,000 British military personnel are currently stationed in Cyprus.
Chancellor George Osborne has already pledged that military personnel and civil servants would be protected from the levy, telling Cabinet they would be "compensated in full" for any losses.
Cyprus' finance minister Michael Sarris, meanwhile, has reportedly offered his resignation and the ruling party is said to considering abstaining from the vote.
Some local media have reported that no party will take part.
Reporting from outside parliament, Sky's Ashish Joshi said: "The situation here is deteriorating quite rapidly.
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Doubt it's enough.
a good start towards keeping your henchmen on your side?
Bernanke tweeted "I just shat on the seat I'm so upset. A FUCKING PLANE?! I'm enviously inspired.
This wont make your average Cypriot even more mad - Nooooooooooo!
There's always a moment, in the world of equilibrium seeking systems, when something takes it foot slowly off the clutch... and the revving... turns into driving.
BEN SHALOM ChopperS Needed FAST ...
Fear a coup, nationalization of banks and disavowal of debt much? Do the Cyriot military come that cheap?
Priorities ...
Tze Troop Need To Get Laid...
Send $$$'s Fast...
Im setting out in a rowboat for Cyprus with Euros. Im thinking I'll get a 2X premium on goods. Hope they have some good stuff there...
No helicopters????? Huge disappointment. Risk off!
Is that Captain Gresham in that C-117?
A transport plane for a briefcase of banknotes?????????
That plane doesn't look English at all...
what the hell is $400 per person going to do? How generous
You know....it's just fucking paper. Fedex a mimeograph machine there and be done with it.
The bad teeth are inside the nose cone
What a minute, what are British troops doing in Cyprus? That's a sovereign nation. The troops should be taken home where they belong.
For someone whos name is Lore, you seem a bit short on knowledge.
Google "facetious" and "tongue-in-cheek." ;-)
Headline: Bankrupt UK deficit spends further to scrape together enough loans to pay to fuel leased airplane in order to send deficit-funded fiat stacks to colonial employees.
In Dicoletian every Modern Money Mechanics debt-drowned nation trusts.
I love your comment.
Afterwards, maybe the UK will sub-lease that plane to the New York Fed to fly Germany's gold back to Germany in a greatly expedited fashion?
http://www.zerohedge.com/news/2013-01-15/germany-prepares-repatriate-its-gold-we-hope-they-have-learned-monetary-sins-past
...oops UK just realized plane was repoed by Germany, Cyprus, you're on your own.
Dang you beat me to it. Was wondering how much German gold you could cart around on that plane.
They're Cyypriots, after all. How many euros does it take?
it's like that old arcade game, "CYPRIOIDS"
http://oi45.tinypic.com/i6iknc.jpg
hedgeless horseman: feel free to post the image
What plane is big enough to fly the 300 trillion dollars worth of derivatives when payday comes? 3 trillion Ben Franklin's would require quite a bit of ink.
300 trillion in digi-dollar derivatives would fit on a zipdrive
Who needs a war to wipe out debt when a decent magnet will suffice.
We're dealing with a vampire squid here. Ink aint an issue.
I feel like the "Radar" character from MASH ...
"I hear helicopters..." [silence...]
M.A.S.H.? I can still remember the lyrics.....
'That Cypricide is painless
it brings on many C-117 changes
and I can't take or leave it
even if I scream pleeeeeeeeease......."
$1.3 Million? Is that all? Chump change.
<What ever happened to those tens of Billion$ we shipped over to Iraq? Now that was a man's game.>
http://www.independentcrush.com/top-headlines/federal-reserve-shipped-billions-to-iraq-which-were-then-stolen/
We had to helicopter-drop cash over there, so we wouldn't have to helicopter-drop cash over here.
Those Bad Idea T-Shirt boobs are distracting me from watching the world disintegrate.
I decided that I WOULD go to jail for those.
Now that was a man's game.
"Yeah ... a man-sized krast!" -- "Dim," in Clockwork Orange
I think they know that this won't work and are sidestepping the banks that will have a run on them as soon as they open.
When Cypriots learn that a plane has landed with 1M euro on it, they'll skip the banks and go straight to the airport.
Yeah but when throwing buckets of money to the 'right' interests, nothing beats the maneuverability of a helicopter.
The fine print says this is an "emergency loan." Probably charging them 20% per day interest and you need to sign over all of your bank accounts as collateral.
If the troops are the only ones who will have cash this weekend I would say they are going to have a wild, interesting ride when they get off base!
Well by the looks of that plane easily taking off it's obvious it's loaded with paper fiat. I mean they should be sending over there real money like Kevin Bass Commemorative Nickels.
Id fight Gandhi
You might be right, but, 1 million euros might help those Brits stuck there a LOT.
In other news, Mayer Amschel awaits further field reports of the actual to-be-announcements from his moles (original expert networks) he has on payroll in Cyprus.
Where is The Ben Bernanke's helicopter?
Where? Certainly not on the helipad. In case you forgot, QE4eva, operating since January, has been flooding into foreign [Euro] banks with branches in the US. Now, as I understand this, the Fed has been swapping greenbacks for Euros to liquefy the old [dead] money of Europe. If that is the case, and with the Euro nose diving, I'm wondering where on the Fed's updated balance sheet those losses will be revealed in coming weeks.
Awaiting take off clearance from Wallstreet.
This is all starting to remind me of the JFK Berlin Airlift. One thing's for sure though, I'm absolutely positively aerodynamically convinced that Chris Christie is not on that sucker no way no how.
Yeah except back then they dropped real stuff... now they drop coupons.
Paging Dr. Bernanke, there is a message for you sir....
http://www.youtube.com/watch?v=8WmaAl6hPzw
Already in the air!
http://i11.photobucket.com/albums/a199/don_veto/mad_max/madmax.jpg
http://www.madmaxmovies.com/cars/madmax2/Gyrocopter/WreckedGyroAndBruce.JPG
Needed some new pilots after that last pass, with more ... armor ... and .. decoys:
http://blogs.laweekly.com/westcoastsound/RWW_Blog-76.jpg
http://blogs.laweekly.com/westcoastsound/RWW_Blog-75.jpg
1 Million Euros? That is less than peanuts. Listen, you limeys, learn how to do it right: We sent $18 billion to Iraq which vanished.
In 2004, the Bush administration flew twenty billion dollars of shrink-wrapped cash into Iraq on pallets. Now the bulk of that money has disappeared. The funds flown into the war zone were made up of surplus from the UN’s oil-for-food program, as well as money from sales of Iraqi oil and seized Iraqi assets. Recent estimates had the amount of missing money at about $6.6 billion, but according to Al Jazeera, Iraqi Parliament Speaker Osama al-Nujaifi says the figure is closer to three times that amount.
http://www.rawstory.com/rs/2011/06/19/missing-iraq-money-may-be-as-much-...
At least it does not take 7 years to deliver.
Pallets loaded with 100 pound notes, with fueling stop at Iraq where they know how to distribute pallet loads of hundies in a crisis. It all happened so fast, no one could have known.
Carney's first pallet load, the ink is still wet.
$1 million Euros? They needed a cargo plane for that? It will fit in a briefcase easily!! Send a fucking COURIER with a $1 million Euro satchel!
Um, I cannot stop laughing at all the comments. Best. Comment. Forum. Ever.
- John Corzine
Plane-load of cash huh?
Probably dufflebags of dollars straight from the Treasure-Fed.
ah....yep, park that plane over here....
Bail-in Bail-out: Mission Accomplished
See how nice a world-wide digital currency would work great here? No more dealing with dirty money!
Change a few bits in the UK account please and upload a portion to the soldier's RFID chip. The police policing your state will be paid and less prone to unprovoked hostility. Kumbayaaa baby!
But wait, there's more...........its GREEN....no nasty jet fuel being burned to move the money!!
Someone just broke out the chemical weapons in Syria, now THAT is a game changer... (Zionist media will be 100% sure it was Assad "regime")
US: no evidence
http://www.usatoday.com/story/news/world/2013/03/19/syria-says-rebels-ch...
Means that either the rebels got the ch. weapons from the CIA, hence a cover-up.
Or it's just rumors which really can't be confirmed.
Or said weapons were shipped in via Benghazi...
What difference does it make?
diversion 101
moving on...
That's just EUR 333,33 per person (1mio/3000).
If prices soar due to shortages, that's not gonna last for a week.
3% of the island of Cyprus is British territory. It's for the military who live there, 7500 people including families.
British peasant serfs can buy local beans for £0.11 per can and ENJOY IT.
Ah, we have entered the final stages of the Roman empire, when only the soldiers were guaranteed their salary.
Zee Stability and Austeritee are Absentee....crickets. The first modern cashless society ?
and, we all know how that worked out...
in salt.
The postmen are on strike, but don't worry, your check is in the mail!
Drop fiat from above! Onward!
My God, maybe there really will be a helicopter moment.
I always took it as rhetorical.
Pop quiz: in the Weimar republic, how much would a bag (2kg) of reichsmarks devalue when dropped in flight in a chopper at 2000m travelling at 250 km/h from the time it was dropped until it hit the ground?
20.2 seconds of fall per this: http://www.angio.net/personal/climb/speed
29525%/mo per this: http://en.wikipedia.org/wiki/Hyperinflation#cite_ref-Sargent.2C_T._J._19...
It would devalue .002268%.
First we'll have black helicopters dropping cash, then we'll have black helicopters opening fire.
personally i'm rooting for idiocracy.
I think that comes a little later. It goes Running Man, then Brazil, then Escape from NY, then Clockwork Orange, then ... then ...
I think "The Road" is in there somewhere, unfortunately.
With a central-bankster diversion to "Gilligan's Island".
Hunger Games
Full Metal Jacket moment? Get Some! Get Some!
Helicopters and planes are sooooo cold war.
How's about we kill two innocents with one hellfire and just load drones with cash.
We shall call them *places pinkie in corner of mouth*...Bernakedrones.
Dunkirk V2.0
I reckon 2 large suitcases, not a planeload
Probably in 5 EUR bills, so make that 4 suitcases.
its in coins
What the fuck good is it to have cash when the rest of the population on the island doesn't have any? Food might have been better and a return flight home, best!
think on the bright side, if nobody on the island can get any cash, the British soldiers with a few thousand Euros in their pockets will find it goes a long way!
For starters, you can get the best hookers at a deep discount
Errr we aint got no money to get our tea and crumpets! !
Wrong century
Da plane. Da plane Boss!
Ahhh the tonnes of fiat will satiate the mini-Kraken for a few days. What's next for the latest EU bank run ? Where is Ultra-Man ?
Welcome to Fantasy Island...
The Turd goes on more holidays then OBAMA..He must be soaking the poor readers like a sponge over there..
the AP is reporting the plane crashed into Bernanke's swaps helicopter upon takeoff.
That would be a splitscreen moment tomorrow, Osbourne with the budget and the pallets being unloaded
That's a hell of an ATM. Wonder how this will be distributed. Anyone think British military personnel might watch their collective backs walking the streets at night?
Harry will be handing out the pounds. It will all be ok.
I wonder what rate of interest they will be charging the troops to borrow their own cash.
Why not a planeload of gold? Oh wait....it wont takeoff.
They will test that theory on the way out.
They each have fifty gold sovereigns inside the lining of their briefcases, don't they?
Even as a young kid, I LOVED that scene!
"I lost all my gold in a terrible black helicopter accident..." hmm..doesn't fly
I give 99% odds that the banks there are already looted. If you are telling me there are not people who still have access to their money, I am going to have to disagree. Those banks can't open. There is nothing in them now. I know there is a way to get money out and someone is doing it. All you have to do is imagine what you would do if rules didn't apply to you, and some ahole is doing it.
May be true. There has been accellerated withdrawals for the last few months in Cyprus...so maybe they are shrivelled and dried-up. Toast. Shells. Husks.
True. Those learjets didn't just land there, so that their owners could line-up in front of the banks come next monday, along with the ordinary citizen. I'm sure there is always some VIP entry if you happen to know the right people.
Spetznatz (sp) bank heist, bitchez!
CNBC I turned on for a second and they were talking about the Dell leveraged buyout.
Cypriots - better get your asses to the airport...
you about to get punked some more...
you gonna let them mother fuckers have the Euro's while your's is held hostage????
be free or be bitches....................
Russians should just raise the price of natural gas for Europe by 10% and reimburse it's citizens as well as the Cypriots and make it a non-news story. Maybe that is why the "plan" is falling apart now. George Bush tried to put a 50% import tax on imported steel and all the other countries threatened their import taxes to the point it would be cheaper to close down all the American steel mills and just send the steelworkers a monthly check. Actions have consequences and I don't think they think them through for 3 moves out.
The desperate state, in its death throes, will bend over backward to support the security and military apparatus.
The new Cypriot gov't is preparing to hand those bases over to NATO (read 'U.S.').
That's the real game that is afoot here.
Or maybe there's a bidding war on between NATO and Russia....
A planeload of cash? What is this? 20th Century?
Just CTL-P, Brits.
Brits can't print euros, any more than Cyprus can.
Are you sure about that??
hmmm, i guess that supposes the euros would actually buy something.
FLYING FIAT! GOD SAVE THE QUEEN!
Benny: Upgrade my pathetic helicopter to a B-52.
B-52 is small,
Am bullish on Antonov An-225
I'm thinking nothing less than a caravan of zeppelins will do.
... and a fleet of Parisian taxis for the ground leg.
Onward to ze front!
Time for RAF over Berlin.
British Forces Broadcasting Service
http://www.bfbs.com/news/cyprus/emergency-cash-flown-uk-cyprus-forces-63...
http://www.bfbs.com/news/media/video/63066/28664 !!!
http://www.bfbs.com/news/cyprus/military-chief-reassures-cyprus-troops-6...
In these austere UK times, I hope the government have hedged against currency fluctuations. I'm sure they've thought of that, as they're cutting public sector spending to the bone. /s
Prechter was right - cash is king
Prechter has been saying to sell gold since it was at $700. Right?
stateside
It's also a lot lighter than gold to fly around the world.
Prechter is a guy who predicts waves, and when the water retreats he goes out to pick seashells and gets wiped out by a tsunami
Gold and silver have been wave-ing "Bye Bye Bobby!" to Prechter's idiotic deflationary nonsense for the last 12 years, but he seems to never notice.
Too bad intrade went down, odds on a mid-air with lufthansa repatriation flight.
I think the ECB needs to demand 10% of JPM's deposits and this thing overwith.
Now you're talkin!
And the stock market continues to ignore this entire story since it could never happen again. We are making too much of a big deal of this tiny country.
I don't think people are quite getting that this is an interesting chapter in the end of the fiat currency-into-digits age.
The UK just decided that, for its military forces, the only currency worth having is one that you can hold in your hand. Why not send EBT-like cards? Why not just add currency directly into bank accounts? Because the card-reading infrastructure in Cyprus is on "bank holiday". The banks, too, are on "bank holiday".
Digital fiat is a confidence trick, very Oz-like. And when you pull the curtain away....
+1
...reminds me of the story of the bitcoin with no internet access.
This will keep a key part of the Cypriot economy alive - bars frequented by British soldiers - all good
Couldn't they just email it and use local printers?
lol, yeh.
More 'toilet' paper.
A shitty fiat answer to a shitty fiat problem.