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UK Sends Planeload Of Cash To Its Cyprus Troops As A "Contingency Measure"

Tyler Durden's picture




 

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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Tue, 03/19/2013 - 12:56 | 3347876 Id fight Gandhi
Id fight Gandhi's picture

Doubt it's enough.

Tue, 03/19/2013 - 12:57 | 3347887 schoolsout
schoolsout's picture

a good start towards keeping your henchmen on your side?

Tue, 03/19/2013 - 12:59 | 3347900 The Juggernaut
The Juggernaut's picture

Bernanke tweeted "I just shat on the seat I'm so upset.  A FUCKING PLANE?!  I'm enviously inspired.

Tue, 03/19/2013 - 12:59 | 3347914 Pladizow
Pladizow's picture

This wont make your average Cypriot even more mad - Nooooooooooo!

Tue, 03/19/2013 - 13:01 | 3347930 THX 1178
THX 1178's picture

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.

Tue, 03/19/2013 - 13:05 | 3347959 BaBaBouy
BaBaBouy's picture

BEN SHALOM ChopperS Needed FAST ...

Tue, 03/19/2013 - 13:10 | 3348008 MiguelitoRaton
MiguelitoRaton's picture

Fear a coup, nationalization of banks and disavowal of debt much? Do the Cyriot military come that cheap?

Tue, 03/19/2013 - 13:14 | 3348021 BaBaBouy
BaBaBouy's picture

Priorities ...

Tze Troop Need To Get Laid...

Send $$$'s Fast...

Tue, 03/19/2013 - 13:17 | 3348059 strannick
strannick's picture

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...

Tue, 03/19/2013 - 13:19 | 3348092 Zero Debt
Zero Debt's picture

No helicopters????? Huge disappointment. Risk off!

Tue, 03/19/2013 - 13:24 | 3348129 Manthong
Manthong's picture

Is that Captain Gresham in that C-117?

Tue, 03/19/2013 - 13:44 | 3348282 cifo
cifo's picture

A transport plane for a briefcase of banknotes?????????

Tue, 03/19/2013 - 14:01 | 3348385 gmrpeabody
gmrpeabody's picture

That plane doesn't look English at all...

Tue, 03/19/2013 - 14:09 | 3348435 nugjuice
nugjuice's picture

what the hell is $400 per person going to do? How generous

Tue, 03/19/2013 - 21:11 | 3350589 mjcOH1
mjcOH1's picture

You know....it's just fucking paper.   Fedex a mimeograph machine there and be done with it.

Tue, 03/19/2013 - 14:28 | 3348595 Crime of the Century
Crime of the Century's picture

That plane doesn't look English at all...

The bad teeth are inside the nose cone

 

 

Tue, 03/19/2013 - 14:59 | 3348811 Lore
Lore's picture

What a minute, what are British troops doing in Cyprus?  That's a sovereign nation. The troops should be taken home where they belong.

Tue, 03/19/2013 - 15:01 | 3348817 RealFinney
RealFinney's picture

For someone whos name is Lore, you seem a bit short on knowledge.

Tue, 03/19/2013 - 16:08 | 3349240 Lore
Lore's picture

Google "facetious" and "tongue-in-cheek." ;-)

Tue, 03/19/2013 - 13:21 | 3348102 TruthInSunshine
TruthInSunshine's picture

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.

Tue, 03/19/2013 - 13:33 | 3348193 hedgeless_horseman
hedgeless_horseman's picture

 

 

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

Tue, 03/19/2013 - 13:38 | 3348247 MiguelitoRaton
MiguelitoRaton's picture

...oops UK just realized plane was repoed by Germany, Cyprus, you're on your own.

Tue, 03/19/2013 - 13:53 | 3348334 Blano
Blano's picture

Dang you beat me to it.  Was wondering how much German gold you could cart around on that plane.

Tue, 03/19/2013 - 13:23 | 3348114 somecallmetimmah
somecallmetimmah's picture

They're Cyypriots, after all.  How many euros does it take?

Tue, 03/19/2013 - 13:37 | 3348010 SafelyGraze
SafelyGraze's picture

it's like that old arcade game, "CYPRIOIDS"

http://oi45.tinypic.com/i6iknc.jpg

hedgeless horseman: feel free to post the image

Tue, 03/19/2013 - 13:12 | 3348025 eclectic syncretist
eclectic syncretist's picture

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.

Tue, 03/19/2013 - 13:18 | 3348066 strannick
strannick's picture

300 trillion in digi-dollar derivatives would fit on a zipdrive

Tue, 03/19/2013 - 13:19 | 3348094 booboo
booboo's picture

Who needs a war to wipe out debt when a decent magnet will suffice.

Tue, 03/19/2013 - 13:33 | 3348204 THX 1178
THX 1178's picture

We're dealing with a vampire squid here. Ink aint an issue.

Tue, 03/19/2013 - 13:02 | 3347940 ParkAveFlasher
ParkAveFlasher's picture

I feel like the "Radar" character from MASH ...

"I hear helicopters..." [silence...]

Tue, 03/19/2013 - 13:47 | 3347993 The Big Ching-aso
The Big Ching-aso's picture

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......."

Tue, 03/19/2013 - 13:10 | 3347994 Cognitive Dissonance
Cognitive Dissonance's picture

$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/

Tue, 03/19/2013 - 13:11 | 3348013 akak
akak's picture

We had to helicopter-drop cash over there, so we wouldn't have to helicopter-drop cash over here.

Tue, 03/19/2013 - 13:12 | 3348020 The Big Ching-aso
The Big Ching-aso's picture

Those Bad Idea T-Shirt boobs are distracting me from watching the world disintegrate.

Tue, 03/19/2013 - 13:54 | 3348345 Blano
Blano's picture

I decided that I WOULD go to jail for those.

Tue, 03/19/2013 - 13:18 | 3348079 machineh
machineh's picture

Now that was a man's game.

"Yeah ... a man-sized krast!" -- "Dim," in Clockwork Orange

Tue, 03/19/2013 - 13:11 | 3348011 Buck Johnson
Buck Johnson's picture

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. 

Tue, 03/19/2013 - 13:35 | 3348223 blu
blu's picture

When Cypriots learn that a plane has landed with 1M euro on it, they'll skip the banks and go straight to the airport.

Tue, 03/19/2013 - 17:51 | 3349738 ZaphodBeeblebrox
ZaphodBeeblebrox's picture

Yeah but when throwing buckets of money to the 'right' interests, nothing beats the maneuverability of a helicopter.

Tue, 03/19/2013 - 13:00 | 3347919 insanelysane
insanelysane's picture

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.

Tue, 03/19/2013 - 13:14 | 3348047 eclectic syncretist
eclectic syncretist's picture

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!

Tue, 03/19/2013 - 13:14 | 3348056 The Big Ching-aso
The Big Ching-aso's picture

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.

Tue, 03/19/2013 - 13:01 | 3347925 DoChenRollingBearing
DoChenRollingBearing's picture

Id fight Gandhi

You might be right, but, 1 million euros might help those Brits stuck there a LOT.

Tue, 03/19/2013 - 13:03 | 3347952 TruthInSunshine
TruthInSunshine's picture

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.

Tue, 03/19/2013 - 13:04 | 3347960 Freddie
Freddie's picture

Where is The Ben Bernanke's helicopter?

Tue, 03/19/2013 - 13:11 | 3348015 Cdad
Cdad's picture

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. 

Tue, 03/19/2013 - 13:13 | 3348031 resurger
resurger's picture

Awaiting take off clearance from Wallstreet.

Tue, 03/19/2013 - 13:32 | 3348074 The Big Ching-aso
The Big Ching-aso's picture

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.

Tue, 03/19/2013 - 13:49 | 3348314 tickhound
tickhound's picture

Yeah except back then they dropped real stuff... now they drop coupons.

Tue, 03/19/2013 - 13:18 | 3348087 eclectic syncretist
eclectic syncretist's picture

Paging Dr. Bernanke, there is a message for you sir....

http://www.youtube.com/watch?v=8WmaAl6hPzw

 

Tue, 03/19/2013 - 14:02 | 3348359 Element
Tue, 03/19/2013 - 13:09 | 3348000 JustObserving
JustObserving's picture

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-...

Tue, 03/19/2013 - 13:25 | 3348143 reTARD
reTARD's picture

At least it does not take 7 years to deliver.

Tue, 03/19/2013 - 13:55 | 3348349 ToNYC
ToNYC's picture

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.

Tue, 03/19/2013 - 14:10 | 3348442 Wile-E-Coyote
Wile-E-Coyote's picture

Carney's first pallet load, the ink is still wet.

Tue, 03/19/2013 - 14:13 | 3348463 SheepDog-One
SheepDog-One's picture

$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!

Tue, 03/19/2013 - 14:44 | 3348764 Sequitur
Sequitur's picture

Um, I cannot stop laughing at all the comments. Best. Comment. Forum. Ever.

- John Corzine

Tue, 03/19/2013 - 12:56 | 3347877 poor fella
poor fella's picture

Plane-load of cash huh?

Probably dufflebags of dollars straight from the Treasure-Fed.

Tue, 03/19/2013 - 13:00 | 3347917 max2205
max2205's picture

ah....yep, park that plane over here....

Tue, 03/19/2013 - 13:01 | 3347924 akak
akak's picture

Bail-in Bail-out: Mission Accomplished

Tue, 03/19/2013 - 13:09 | 3347996 poor fella
poor fella's picture

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!

Tue, 03/19/2013 - 13:45 | 3348284 rosiescenario
rosiescenario's picture

But wait, there's more...........its GREEN....no nasty jet fuel being burned to move the money!!

Tue, 03/19/2013 - 12:57 | 3347878 squid virtuous
squid virtuous's picture

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")

Tue, 03/19/2013 - 12:59 | 3347908 swissaustrian
swissaustrian's picture

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.

Tue, 03/19/2013 - 13:25 | 3348141 seek
seek's picture

Or said weapons were shipped in via Benghazi...

Tue, 03/19/2013 - 13:33 | 3348203 Midas
Midas's picture

What difference does it make?

Tue, 03/19/2013 - 13:02 | 3347945 earleflorida
earleflorida's picture

diversion 101

moving on...

Tue, 03/19/2013 - 12:56 | 3347880 swissaustrian
swissaustrian's picture

That's just EUR 333,33 per person (1mio/3000).

If prices soar due to shortages, that's not gonna last for a week.

Tue, 03/19/2013 - 12:59 | 3347911 Grimbert
Grimbert's picture

3% of the island of Cyprus is British territory. It's for the military who live there, 7500 people including families.

Tue, 03/19/2013 - 12:59 | 3347913 Edward Fiatski
Edward Fiatski's picture

British peasant serfs can buy local beans for £0.11 per can and ENJOY IT.

Tue, 03/19/2013 - 12:56 | 3347882 ZeroPoint
ZeroPoint's picture

Ah, we have entered the final stages of the Roman empire, when only the soldiers were guaranteed their salary.

Tue, 03/19/2013 - 13:00 | 3347915 HardlyZero
HardlyZero's picture

Zee Stability and Austeritee are Absentee....crickets.  The first modern cashless society ?

Tue, 03/19/2013 - 13:04 | 3347957 earleflorida
earleflorida's picture

and, we all know how that worked out...

Tue, 03/19/2013 - 13:14 | 3348046 Archduke
Archduke's picture

in salt.

Tue, 03/19/2013 - 13:20 | 3348097 Zero Debt
Zero Debt's picture

The postmen are on strike, but don't worry, your check is in the mail!

Tue, 03/19/2013 - 12:56 | 3347883 Almost Solvent
Almost Solvent's picture

Drop fiat from above! Onward!

Tue, 03/19/2013 - 12:57 | 3347884 CrashisOptimistic
CrashisOptimistic's picture

My God, maybe there really will be a helicopter moment.

Tue, 03/19/2013 - 13:04 | 3347958 fuu
fuu's picture

I always took it as rhetorical.

Tue, 03/19/2013 - 13:22 | 3348112 Zero Debt
Zero Debt's picture

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?

Tue, 03/19/2013 - 13:55 | 3348352 fuu
fuu's picture

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%.

Tue, 03/19/2013 - 13:06 | 3347983 McMolotov
McMolotov's picture

First we'll have black helicopters dropping cash, then we'll have black helicopters opening fire.

Tue, 03/19/2013 - 13:12 | 3348003 ParkAveFlasher
ParkAveFlasher's picture
THE RUNNING MAN (1987) Last edited 5 May 1998 INTRODUCTION By 2017 the world economy has collapsed. Food, natural resources and oil are in short supply. A police state, divided into paramilitary zones, rules with an iron hand. Television is controlled by the state and a sadistic game show called "The Running Man" has become the most popular program in history. All art, music and communications are censored. No dissent is tolerated and yet a small resistance movement has managed to survive underground. When high-tech gladiators are not enough to suppress the people's yearning for freedom......more direct methods become necessary. HELICOPTER OVER CITY AT NIGHT Over Military-Radio Yankee-nine-niner. What are your co-ordinates? Ben Zero-two-zero, flight level one-five. We're above release point echo- bravo-one. Over Military-Radio Move in and check it out. Ben Roger. Moving in. Food riot in progress. Approximately fifteen-hundred civilians. No weapons evident. Over Military-Radio Proceed with plan alpha. Eliminate anything moving. Ben I said the crowd is unarmed! There are lots of women and children down there! All they want is food for-gods-sake! Over Military-Radio As you were Richards. Proceed with plan alpha. All rioters must be eliminated. Ben The hell with you I will not fire on helpless people! Abort mission. We return back to base. Over Military-Radio Lieutenant Saunders do you copy? Saunders Affirmative Over Military-Radio Take Command. Detain Richards and proceed as ordered MILITARY PERSONAL IN HELICOPTER ATTACK BEN Military Passengers What the fuck are you doing!?! Get him! God damn it! We're losing it, tipping over! Saunders I got it! I got control! They said detain him, don't drop him. Military Passenger Richards, your going to fry for this. Another Military Passenger And I'll see you in hell. BEN KNOCKED OUT BY BUTT OF GUN ; ...WILSHIRE DETENTION ZONE (18 months later) ...
Tue, 03/19/2013 - 13:23 | 3348117 fonzannoon
fonzannoon's picture

personally i'm rooting for idiocracy.

Tue, 03/19/2013 - 13:33 | 3348210 ParkAveFlasher
ParkAveFlasher's picture

I think that comes a little later.  It goes Running Man, then Brazil, then Escape from NY, then Clockwork Orange, then ... then ...

Tue, 03/19/2013 - 13:41 | 3348262 McMolotov
McMolotov's picture

I think "The Road" is in there somewhere, unfortunately.

Tue, 03/19/2013 - 14:29 | 3348604 akak
akak's picture

With a central-bankster diversion to "Gilligan's Island".

Tue, 03/19/2013 - 13:41 | 3348263 Jam Akin
Jam Akin's picture

Hunger Games

Tue, 03/19/2013 - 13:13 | 3348034 Osmium
Osmium's picture

Full Metal Jacket moment?  Get Some!  Get Some!

Tue, 03/19/2013 - 13:21 | 3348104 Alpo for Granny
Alpo for Granny's picture

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.

 

 

Tue, 03/19/2013 - 13:36 | 3348228 Chaos_Theory
Chaos_Theory's picture

Dunkirk V2.0

Tue, 03/19/2013 - 12:57 | 3347889 Grimbert
Grimbert's picture

I reckon 2 large suitcases, not a planeload

Tue, 03/19/2013 - 13:00 | 3347918 swissaustrian
swissaustrian's picture

Probably in 5 EUR bills, so make that 4 suitcases.

Tue, 03/19/2013 - 13:05 | 3347973 the not so migh...
the not so mighty maximiza's picture

its in coins

Tue, 03/19/2013 - 12:57 | 3347891 insanelysane
insanelysane's picture

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!

Tue, 03/19/2013 - 13:02 | 3347942 Global Hunter
Global Hunter's picture

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!

Tue, 03/19/2013 - 13:04 | 3347963 squid virtuous
squid virtuous's picture

For starters, you can get the best hookers at a deep discount

Tue, 03/19/2013 - 12:57 | 3347893 Al Capowned
Al Capowned's picture

Errr we aint got no money to get our tea and crumpets! !

Tue, 03/19/2013 - 13:04 | 3347956 JenkinsLane
JenkinsLane's picture

Wrong century

Tue, 03/19/2013 - 12:57 | 3347894 JOYFUL
JOYFUL's picture

Da plane. Da plane Boss!

 

Tue, 03/19/2013 - 13:03 | 3347949 HardlyZero
HardlyZero's picture

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 ?

Tue, 03/19/2013 - 13:21 | 3348100 slackrabbit
slackrabbit's picture

Welcome to Fantasy Island...

Tue, 03/19/2013 - 12:58 | 3347899 THECOMINGDEPRESSION
THECOMINGDEPRESSION's picture

The Turd goes on more holidays then OBAMA..He must be soaking the poor readers like a sponge over there..

Tue, 03/19/2013 - 12:58 | 3347903 fonzannoon
fonzannoon's picture

the AP is reporting the plane crashed into Bernanke's swaps helicopter upon takeoff.

Tue, 03/19/2013 - 12:59 | 3347907 magpie
magpie's picture

That would be a splitscreen moment tomorrow, Osbourne with the budget and the pallets being unloaded

Tue, 03/19/2013 - 12:59 | 3347910 Cursive
Cursive's picture

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?

Wed, 03/20/2013 - 07:44 | 3351497 Punch Bag
Punch Bag's picture

Harry will be handing out the pounds. It will all be ok.

Tue, 03/19/2013 - 13:00 | 3347920 Dr. Engali
Dr. Engali's picture

I wonder what rate of interest they will be charging the troops to borrow their own cash.

Tue, 03/19/2013 - 13:00 | 3347921 Sambo
Sambo's picture

Why not a planeload of gold? Oh wait....it wont takeoff.

Tue, 03/19/2013 - 13:02 | 3347941 Quinvarius
Quinvarius's picture

They will test that theory on the way out.

Tue, 03/19/2013 - 13:02 | 3347946 Kreditanstalt
Kreditanstalt's picture

They each have fifty gold sovereigns inside the lining of their briefcases, don't they?

Tue, 03/19/2013 - 13:12 | 3348017 akak
akak's picture

Even as a young kid, I LOVED that scene!

Tue, 03/19/2013 - 13:24 | 3348130 Zero Debt
Zero Debt's picture

"I lost all my gold in a terrible black helicopter accident..." hmm..doesn't fly

Tue, 03/19/2013 - 13:01 | 3347929 Quinvarius
Quinvarius's picture

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.

Tue, 03/19/2013 - 13:06 | 3347977 HardlyZero
HardlyZero's picture

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.

Tue, 03/19/2013 - 13:09 | 3347998 fx
fx's picture

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.

Tue, 03/19/2013 - 13:27 | 3348153 ParkAveFlasher
ParkAveFlasher's picture

Spetznatz (sp) bank heist, bitchez!

Tue, 03/19/2013 - 13:01 | 3347932 jeebus
jeebus's picture

CNBC I turned on for a second and they were talking about the Dell leveraged buyout.

Tue, 03/19/2013 - 13:01 | 3347934 Kaiser Sousa
Kaiser Sousa's picture

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....................

 


Tue, 03/19/2013 - 13:10 | 3348001 HurricaneSeason
HurricaneSeason's picture

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.

Tue, 03/19/2013 - 13:01 | 3347936 Kreditanstalt
Kreditanstalt's picture

The desperate state, in its death throes, will bend over backward to support the security and military apparatus.

Tue, 03/19/2013 - 13:27 | 3348158 machineh
machineh's picture

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.

 

Tue, 03/19/2013 - 13:33 | 3348208 SmallerGovNow2
SmallerGovNow2's picture

Or maybe there's a bidding war on between NATO and Russia....

Tue, 03/19/2013 - 13:01 | 3347937 Jacque Itch
Jacque Itch's picture

A planeload of cash?  What is this?  20th Century?

Just CTL-P, Brits.

 

Tue, 03/19/2013 - 13:28 | 3348167 machineh
machineh's picture

Brits can't print euros, any more than Cyprus can.

Tue, 03/19/2013 - 13:45 | 3348285 Jam Akin
Jam Akin's picture

Are you sure about that??

Tue, 03/19/2013 - 13:02 | 3347938 WallowaMountainMan
WallowaMountainMan's picture

hmmm, i guess that supposes the euros would actually buy something.

Tue, 03/19/2013 - 13:02 | 3347939 PUD
PUD's picture

FLYING FIAT! GOD SAVE THE QUEEN!

Tue, 03/19/2013 - 13:02 | 3347944 zebra
zebra's picture

Benny: Upgrade my pathetic helicopter to a B-52.

Tue, 03/19/2013 - 13:18 | 3348086 resurger
resurger's picture

B-52 is small,

Am bullish on Antonov An-225

Tue, 03/19/2013 - 13:28 | 3348162 ParkAveFlasher
ParkAveFlasher's picture

I'm thinking nothing less than a caravan of zeppelins will do.

Tue, 03/19/2013 - 13:29 | 3348180 machineh
machineh's picture

... and a fleet of Parisian taxis for the ground leg.

Onward to ze front!

Tue, 03/19/2013 - 13:02 | 3347947 milanitaly
milanitaly's picture

Time for RAF over Berlin.

Tue, 03/19/2013 - 13:04 | 3347961 No Euros please...
No Euros please we&#039;re British's picture

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

 

Tue, 03/19/2013 - 13:04 | 3347967 realtick
realtick's picture

Prechter was right - cash is king

Tue, 03/19/2013 - 13:13 | 3348035 stateside
stateside's picture

Prechter has been saying to sell gold since it was at $700.  Right?

stateside

Tue, 03/19/2013 - 13:19 | 3348093 Mr. Hudson
Mr. Hudson's picture

It's also a lot lighter than gold to fly around the world.

Tue, 03/19/2013 - 13:25 | 3348146 Zero Debt
Zero Debt's picture

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

Tue, 03/19/2013 - 13:30 | 3348171 akak
akak's picture

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.

Tue, 03/19/2013 - 13:05 | 3347968 thedrickster
thedrickster's picture

Too bad intrade went down, odds on a mid-air with lufthansa repatriation flight.

Tue, 03/19/2013 - 13:05 | 3347970 Quinvarius
Quinvarius's picture

I think the ECB needs to demand 10% of JPM's deposits and this thing overwith.

Tue, 03/19/2013 - 13:59 | 3348376 Element
Element's picture

Now you're talkin!

Tue, 03/19/2013 - 13:06 | 3347981 monopoly
monopoly's picture

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. 

Tue, 03/19/2013 - 13:07 | 3347984 pashley1411
pashley1411's picture

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....

Tue, 03/19/2013 - 13:40 | 3348258 blu
blu's picture

+1

Tue, 03/19/2013 - 14:03 | 3348405 e-recep
e-recep's picture

...reminds me of the story of the bitcoin with no internet access.

Tue, 03/19/2013 - 13:10 | 3348005 Simple Simon
Simple Simon's picture

This will keep a key part of the Cypriot economy alive - bars frequented by British soldiers - all good

Tue, 03/19/2013 - 13:10 | 3348006 UK debt marsh
UK debt marsh's picture

Couldn't they just email it and use local printers?

Tue, 03/19/2013 - 13:14 | 3348042 hungarianboy
hungarianboy's picture

lol, yeh.

Tue, 03/19/2013 - 13:12 | 3348018 slackrabbit
slackrabbit's picture

More 'toilet' paper.

A shitty fiat answer to a shitty fiat problem.

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