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Pictures From A Cyprus ATM Line

Tyler Durden's picture




 

For a few days, the people of Cyprus were calm, quietly and orderly accepting the unreality of the levy being imposed upon them - incredulous that it was even possible. As we reach the 4th day of bank closures, amid rolling rumors and ECB threats, it appears the people have reached a tipping point as this series of images from Cyprus ATM lines indicates - the bank-jog has arrived. When will it become a full blown sprint?

 

It appears the catalyst for this latest move is the ECB threat and EU concerns over the future of the two biggest insolvent banks: As AFP reports:  EU calls on Cyprus to set capital controls and merge 2 biggest banks Laiki and Bank of Cyprus.

  • *EU WANTS CYPRUS TO ADOPT MEASURES BEFORE BANKS RE-OPEN, ANSA
  • *EU WANTS CYPRUS TO ADOPT MEASURES TO STOP DEPOSIT FLIGHT: ANSA

 

 

Via @Imeldaflattery

 

Via NYT

 

Via Sigma Live

 

 

 

Via @janinel83

 

 

Via @jkozakou

 

 

Source: Twitter and Fred

 

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Thu, 03/21/2013 - 10:22 | 3356871 fonzannoon
fonzannoon's picture

They look pretty calm.

BAAAAAA BAAAAAAA

Thu, 03/21/2013 - 10:28 | 3356911 Dr. Richard Head
Dr. Richard Head's picture

Counting bodies like sheep to the rhythm of derivatiives.

Safe from savings and labor and joy and other poisoned devils, saying they don't give a fuck about you like the EU.

Thu, 03/21/2013 - 10:31 | 3356926 Pladizow
Pladizow's picture

Not many PM owners in those lines!

Wait, no, is that..... MillionDollarBonus in line?

Thu, 03/21/2013 - 10:32 | 3356942 nope-1004
nope-1004's picture

Those are lines of people waiting to DEPOSIT money back into the bank. After all, they know this is a crisis and they are doing their part to help out the national banks.  It's the weak-kneed libertarians with closed minds, like those on ZeroHedge, that are not seeing the real thing here in these pictures.

-MDB

 

 

Sorry.... just had to.

 

Thu, 03/21/2013 - 10:33 | 3356951 Big Slick
Big Slick's picture

Long bulldozers

Thu, 03/21/2013 - 10:39 | 3356999 Say What Again
Say What Again's picture

I was expecting to see hot chicks in teeny-Bs

http://www.teenyb.com/

Thu, 03/21/2013 - 10:42 | 3357007 Haywood Jablowme
Haywood Jablowme's picture

Time to roll out the hot dog stands again.  Opportunitays be all around me.  BOOM! BITCHEZ

Thu, 03/21/2013 - 10:48 | 3357046 francis_sawyer
francis_sawyer's picture

I'll translate those signs for you... They say...

~~~

FREE SPIDERMAN TOWELS!

Thu, 03/21/2013 - 10:53 | 3357079 redpill
redpill's picture

Didn't these ATMs run out of cash days ago?

Relax and have another gyro there's nothing left to wait for.

Thu, 03/21/2013 - 10:58 | 3357092 kliguy38
kliguy38's picture

gives new meaning to counting sheep

Thu, 03/21/2013 - 11:21 | 3357201 Spirit Of Truth
Spirit Of Truth's picture

I presume the definition of "bank holidays" will soon be extended to cover closing ATMs as well.  Wonder what the daily cash withdrawal limit is?  People have likely been making this pilgrimage to ATMs a daily occurrence.  Seriously considering withdrawing every penny I have on deposit today before the contagion begins...

Thu, 03/21/2013 - 11:31 | 3357256 mayhem_korner
mayhem_korner's picture

 

 

I think I'm going to stand in one of those lines, carrying an industrial-grade drill bit and a black bag marked "danger - explosives".

Thu, 03/21/2013 - 12:01 | 3357450 mr_T
mr_T's picture

US BANK HOLIDAY...announced by VP and the honorable MF Corzine...I pitty us fools.

 

https://www.youtube.com/watch?v=d-cLZai63GA

 

 

Thu, 03/21/2013 - 12:05 | 3357483 boogerbently
boogerbently's picture

How long would it take you to withdraw your entire life savings/401 from the ATM at $2-300 limit per day ?

Thu, 03/21/2013 - 12:20 | 3357579 killallthefiat
killallthefiat's picture

I must have missed the memo.

 

"Twitter"="Shovels"

"Facebook"="Pitchforks"

Thu, 03/21/2013 - 13:54 | 3358134 Spirit Of Truth
Spirit Of Truth's picture

Cyprus Popular Bank imposes 260 euro per day limit on ATM withdrawals -

Thu, 03/21/2013 - 12:23 | 3357595 fourchan
fourchan's picture

it depends, on weather i brought my slege hammer or not.

so far im not seeing any sledge hammer owners.

Thu, 03/21/2013 - 12:29 | 3357638 mayhem_korner
mayhem_korner's picture

 

 

Why aren't these folks waiting for the brink's truck to come by and 'replenish' the ATM?  I suspect one could barter their way to an override of the daily limit with a reasonable stipend to the driver to look the other way...

Thu, 03/21/2013 - 12:12 | 3357518 N. B. Forrest
N. B. Forrest's picture

Sucks to be these bastards, however when I see the same thing in Greece, Spain and Italy, then I'll know that the shit really has hit the fan.

Thu, 03/21/2013 - 12:20 | 3357571 Richard Chesler
Richard Chesler's picture

The waiting would be more tolerable if lampposts were decorated with banksters.

 

Thu, 03/21/2013 - 11:21 | 3357106 francis_sawyer
francis_sawyer's picture

They used the last bit of previous existing customer account money to buy more Spiderman towels to give out to the expected surge of NEW account customers...

~~~

Edit: What's with the fucking 'junks'?... Is fucking Spiderman 'Hebrew' or something?

Thu, 03/21/2013 - 11:31 | 3357253 LFMayor
LFMayor's picture

I think you may have some perma-fans.  You smacked their little pee pees and it's a good mad and they're going to run with it.

Thu, 03/21/2013 - 11:34 | 3357282 francis_sawyer
francis_sawyer's picture

I don't even need 'ON STAR' to figure out when kito is on 'the Hedge'...

Thu, 03/21/2013 - 11:43 | 3357346 nope-1004
nope-1004's picture

lol

Thu, 03/21/2013 - 12:57 | 3357767 Panafrican Funk...
Panafrican Funktron Robot's picture

Honestly, whenever I see Kito post, I immediately think of Kato Kaelin.  

Thu, 03/21/2013 - 15:07 | 3358596 francis_sawyer
francis_sawyer's picture

Instead ~ I think of Jos A Bank & Men's Wearhouse... [Buy one get '7' FREE promotions]...

~~~

kito doesn't adhere to the Tyler Durden wisdom... KITO 'actually IS' his khakis...

Thu, 03/21/2013 - 11:19 | 3357196 walküre
walküre's picture

No problem.. if it fails the Cyprus National Bank has a DEPOSIT PROTECTION SCHEME for all those peons with less than 100k in their accounts.

They just can't find 7 billion Euro to satisfy the EU request to trigger the bailout but they will have enough to cover that fraction of 30 billion in deposits which is the small fray. Really?

Cyprus will reopen and pay out in new money which will have devalued at least 50% to the EUR by then. Bank run will happen either way and the more the peons withdraw, the more the value will drop. Case closed. This is how its done everywhere.

Thu, 03/21/2013 - 12:01 | 3357434 Ghordius
Ghordius's picture

let me guess... this would make Cypriots happy?

anyway, +1 for describing correctly what an exit would look like

Thu, 03/21/2013 - 14:33 | 3358344 Catequil
Catequil's picture

it is not the ATM line-ups that will rock the boat, rather than the wire transfer orders that build up waiting for the reopening on Tuesday...

 

Thu, 03/21/2013 - 11:20 | 3357197 walküre
walküre's picture

doppelt

Thu, 03/21/2013 - 12:08 | 3357362 The Big Ching-aso
The Big Ching-aso's picture

Cyprus ATM?............

 

Automated Trickle Machine

 

 

 

 

Thu, 03/21/2013 - 12:28 | 3357633 fourchan
fourchan's picture

ass tapped mechanically.

Thu, 03/21/2013 - 12:18 | 3357563 dumpster
dumpster's picture

run out of cash .. lol   the minions just keep putting more in

Thu, 03/21/2013 - 11:17 | 3357181 Agent P
Agent P's picture

From the pictures, I thought it translated to "Apple Store".

Thu, 03/21/2013 - 11:28 | 3357235 Overflow-admin
Overflow-admin's picture

+1 for Bankia reference!

Thu, 03/21/2013 - 10:48 | 3357047 DblAjent
DblAjent's picture

Haywood - no I woodn't

Thu, 03/21/2013 - 10:49 | 3357049 Big Slick
Big Slick's picture

Me Laiki you long time

Thu, 03/21/2013 - 10:50 | 3357056 Divided States ...
Divided States of America's picture

The time is coming soon...although there is no violence yet from the pics, you can tell people are animated or in disbelief of whats going on....as long as there is still money in the ATM machine...I am surprised there still is money in the ATMs though unless they limit the withdrawal to 200 bucks a day or something...enough to buy food for one day

Thu, 03/21/2013 - 11:00 | 3357101 Key-Rick
Key-Rick's picture

ATM machine =

Automated Teller Machine machine. 

Thu, 03/21/2013 - 11:40 | 3357311 pods
pods's picture

Do I need my PIN number to use an ATM machine?

pods

Thu, 03/21/2013 - 12:29 | 3357636 Big Slick
Big Slick's picture

Not if you're from south of the Rio Grande River

Thu, 03/21/2013 - 12:38 | 3357682 Kirk2NCC1701
Kirk2NCC1701's picture

Now you might have to use your "SIN number" also.  ;-)

Thu, 03/21/2013 - 12:42 | 3357708 Zero Debt
Zero Debt's picture

I suggest you try the PI number.

Thu, 03/21/2013 - 13:14 | 3357855 Key-Rick
Key-Rick's picture

Excellent!  +1

Thu, 03/21/2013 - 11:58 | 3357432 XitSam
XitSam's picture

ATMs have eliminated bank teller jobs. -- Obama

Thu, 03/21/2013 - 12:28 | 3357634 Non Passaran
Non Passaran's picture

Right, and if he said AT machine, you'd come up with some other shit.

Whatever.

Thu, 03/21/2013 - 15:10 | 3358631 Master Chef
Master Chef's picture

$200 just enough to buy food for one day? you must have a healthy appetite... or only eat in restaurants. Can I come to your house for lunch?

Thu, 03/21/2013 - 10:51 | 3357066 TeamDepends
TeamDepends's picture

You mean horse dog?

Thu, 03/21/2013 - 11:29 | 3357243 debtor of last ...
debtor of last resort's picture

You mean dog dog?

Thu, 03/21/2013 - 10:42 | 3357017 resurger
resurger's picture

woooot

Thu, 03/21/2013 - 10:49 | 3357051 ZippyBananaPants
ZippyBananaPants's picture

Thanks Samuel, I just spent the last 20 minutes looking at Bikinis, starting with separates, boyshorts, and finally Brazilian!

Thu, 03/21/2013 - 10:51 | 3357070 Say What Again
Say What Again's picture

I buy all my Bitchez the Micro-B for when we go to da clubs.

Thu, 03/21/2013 - 12:03 | 3357475 MsCreant
MsCreant's picture

So you like beers from small brewerys?

Thu, 03/21/2013 - 12:07 | 3357494 Pseudo Anonym
Pseudo Anonym's picture

my dad likes those minis, or micro, or whatever.... you must be old

Thu, 03/21/2013 - 13:19 | 3357894 Panafrican Funk...
Panafrican Funktron Robot's picture

http://www.youtube.com/watch?v=Oai1V7kaFBk

Kinda sad when the year 2000 is considered "old school".

Thu, 03/21/2013 - 10:40 | 3357010 Debt-Penitent
Debt-Penitent's picture

I used to restore scary military vehicles and would always remind fearful onlookers that Dozers could do sooo much more damage than a Jeep or Humvee. Even tanks are just tracked boxes without the ammo...and nobody gets the ammo ...(except our Government).

Thu, 03/21/2013 - 11:02 | 3357113 Stoploss
Stoploss's picture

When will it become a full blown sprint?

 

In about fifteen minutes..

Thu, 03/21/2013 - 10:33 | 3356955 camaro68ss
camaro68ss's picture

They wait in line for 2 hours to find out there is only a $20 withdraw limit. lol

Thu, 03/21/2013 - 10:35 | 3356966 SafelyGraze
SafelyGraze's picture

they are betting on the tournament

http://oi46.tinypic.com/29ptg7b.jpg

fill out your bracket

Thu, 03/21/2013 - 10:40 | 3357005 resurger
resurger's picture

Signed.

Cyprus was totally off my economic radar screen, but you are damn right MDB, keep it postive.

Kind Regards,

Dr. Paul Krugman.

Thu, 03/21/2013 - 12:47 | 3357700 Kirk2NCC1701
Kirk2NCC1701's picture

Speaking of "keep it positive", this looks like it could be any US city.  With the exception of some very liberal/socialist parts of Chicago or Detroit.  ;-)

Thu, 03/21/2013 - 10:52 | 3357076 Meat Hammer
Meat Hammer's picture

I kinda wanted to punch you after reading that.  Nothing personal, just a reflex I've developed.

Thu, 03/21/2013 - 11:18 | 3357184 NotApplicable
NotApplicable's picture

In other words, he wins with you every time you read him.

You could choose not to be so gullible ya know, and just ignore him.

But hey, takes all kinds, I guess.

Thu, 03/21/2013 - 12:05 | 3357481 Antifaschistische
Antifaschistische's picture

With the banks being closed, is it giving them more time to also sift through Safety Deposit boxes?

I don't get it...why does the bank have to close?  Is there no money left to loan out?   Do banks not have Safe Deposit boxes?   Do they not have commercial customers who need to deposit cash after a day of business?   Is the entire economy hoarding fiat?

Is this what the ECB fears?   There just isn't enough fiat to support this type of activity, and they are refusing to send more cash to Cypress to fuel the withdrawl.

Thu, 03/21/2013 - 10:39 | 3356995 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

1983: Soviets wait in line for toilet paper

2013: Cypriots wait in line for Euros

 

Distinction without a difference?

Thu, 03/21/2013 - 10:47 | 3357039 Big Slick
Big Slick's picture

There IS a difference. Toilet paper has intrinsic value

Thu, 03/21/2013 - 12:44 | 3357719 Zero Debt
Zero Debt's picture

I would not want to use Euros to wipe anything clean, not to mention the rear. Think of all the dirty hands that have touched those notes. With toilet paper, I know that I am starting with a clean piece of paper.

Thu, 03/21/2013 - 10:48 | 3357044 Old_Dog
Old_Dog's picture

The euros are softer yet do not disintegrate in your hands.

Thu, 03/21/2013 - 10:49 | 3357052 Monedas
Monedas's picture

Yeah, and it was tough toilet paper .... kraft paper with chips and splinters .... ouch !

Thu, 03/21/2013 - 15:16 | 3358682 Master Chef
Master Chef's picture

I must admit, when I first heard about this Cyprus shit, I left a deposit on the sidewalk... toilet paper please.

Thu, 03/21/2013 - 10:51 | 3357071 Skin666
Skin666's picture

+ 100 for the username!!!

Thu, 03/21/2013 - 10:53 | 3357080 Monedas
Monedas's picture

MDB is in line trying to deposit Euros .... as a symbolic vote of confidence .... that's the kind of counter intuitive intelligence .... that he shares with us here !

Thu, 03/21/2013 - 12:58 | 3357772 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

Pladizow, how was it in Cyprus? you are in some of the pictures. I like the group photo #5 in the street there. Imagine how your old picture would have looked in those photos.   :)

Thu, 03/21/2013 - 10:30 | 3356929 camaro68ss
camaro68ss's picture

They must have not got the memo, banks open on Tuesday! Now back to work!

Thu, 03/21/2013 - 10:31 | 3356933 fonzannoon
fonzannoon's picture

It reminds me of the gas lines by me after "Sandy". Eerily so. The only difference by me was the sense of knowing it was only temporary, and even then people were freaked out.  Those people look calm, playing on cell phones etc. I can't imagine how they must really feel.

Thu, 03/21/2013 - 10:35 | 3356970 chunga
chunga's picture

Looks mild compared to the Walmart "Black Friday" stampedes for TV sets and toys.

Thu, 03/21/2013 - 10:39 | 3356997 Unprepared
Unprepared's picture

The sunny weather is a potent stress inhibitor.

Thu, 03/21/2013 - 10:44 | 3357025 McMolotov
McMolotov's picture

For as brainwashed and dependent as most Americans are, I think a large number know deep down that the government can't really swoop in to save us. That's why there was panic during Sandy, even if people knew it was only temporary. They'd seen how the government responded to Katrina.

I don't think the same mentality exists in Europe anymore. These people don't look calm to me; they look complacent. Does anyone think Americans would be in neat little lines if the government had threatened to steal their savings? These folks in Cyprus may be angry, and they certainly showed they were a few days ago, but right now it seems they still trust government to save the day.

They'll likely be disappointed.

Thu, 03/21/2013 - 10:51 | 3357067 Big Slick
Big Slick's picture

To quote a great man, "Calm as Hindu cows."

Thu, 03/21/2013 - 11:54 | 3357413 sunnyside
sunnyside's picture

Trick question.  Most Americans have no savings.

Thu, 03/21/2013 - 12:01 | 3357447 XitSam
XitSam's picture

What firearm restrictions does Cyprus have?

Thu, 03/21/2013 - 13:41 | 3358047 Professorlocknload
Professorlocknload's picture

The Bread and Circuses must continue. There's no wrath like that of an "entitled" when he's been "transaction denied." Same with registered system compliant voters. Besides, we wouldn't want to traumatize Leviathan, would we?

Aside, if the Debit cards work at the Cash Rationing machines, they most likely work at the point of sale, No? Otherwise, those lines would be 20 blocks long, I would think.

Next machinations expected from on high? The virtues of e-money. The planners don't want us contracting diseases from handling filthy lucre, or some such "Greater Good" jive. And they like what they see with this bit coin drama, it's just that they know they could do it better. A new 100 amp Benny Bit Coin generator for the Fed. Benny Bit's for all.

 

Thu, 03/21/2013 - 10:34 | 3356961 NoDebt
NoDebt's picture

Wait.  Stop.  You mean to tell me the ATM machines were'nt drained DAYS AGO?!?!?  They should have been empty by Sunday night, Monday morning at the latest.

WTF, Cyprus?  Was the hint not obvious enough last Sunday what they had in store for your money?  Maybe you do need a haircut.  Sheep need to be shorn from time to time.

Thu, 03/21/2013 - 11:01 | 3357108 Shaten
Shaten's picture

They were drained, the banks injected liquidity back into the ATMS then lowered the withdrawl limits.

 

My guess is the smart people are lining up after midnight to get the max out before the rest show up.

Thu, 03/21/2013 - 11:28 | 3357237 NoDebt
NoDebt's picture

Well, OK then.  Couldn't figure out how the ATMs got filled back up if the banks were closed.

Thu, 03/21/2013 - 12:21 | 3357584 dumpster
dumpster's picture

the front door was closed dimkof.. the back rooms were alive with atm stuffers

Thu, 03/21/2013 - 12:23 | 3357591 Matt
Matt's picture

Sounds like there are people at the bank, the customers are just not allowed inside.

Thu, 03/21/2013 - 13:26 | 3357958 Panafrican Funk...
Panafrican Funktron Robot's picture

Every time I see the phrase "injected liquidity", I feel like I need a good cry in the shower.  

Thu, 03/21/2013 - 12:46 | 3357698 Creepy Lurker
Creepy Lurker's picture

Awesome and perfect choice, Dr Head.

http://www.youtube.com/watch?v=7ejsM0VF-Os

Thu, 03/21/2013 - 13:43 | 3358068 Confused
Confused's picture

Love the reference. Many here too old to know it. And probably would write it off as noise.

Thu, 03/21/2013 - 10:28 | 3356912 aint no fortuna...
aint no fortunate son's picture

That's because they know Larry Motherfucking FINK is long ATM's

Thu, 03/21/2013 - 10:29 | 3356925 fx
fx's picture

I guess, they just need some cash to BTFD.

Thu, 03/21/2013 - 10:32 | 3356948 dick cheneys ghost
dick cheneys ghost's picture

BANKSTERS ARE THE ROOT OF ALL EVIL

Thu, 03/21/2013 - 11:02 | 3357116 Banksters
Banksters's picture

They are literally imploding the Cypriot economy.   

Thu, 03/21/2013 - 12:25 | 3357609 Matt
Matt's picture

On the upside, if the economy shrinks, say, 90% all at once, they will be almost gauranteed to have green quarters for years to come.

Thu, 03/21/2013 - 10:33 | 3356956 slaughterer
slaughterer's picture

The Cyprus ATMs should be spitting out only iPad minis pretty soon.  

Thu, 03/21/2013 - 10:37 | 3356982 ziggy59
ziggy59's picture

Fluoride in the water

Thu, 03/21/2013 - 10:40 | 3357006 mr1963
mr1963's picture

Say you were smart and stashed some cash just for such an emergency. Opportunity knocks, what would you trade with the sheep for some of your cash?

Thu, 03/21/2013 - 10:54 | 3357082 crito
crito's picture

gold! for sure.

Thu, 03/21/2013 - 11:22 | 3357209 Meat Hammer
Meat Hammer's picture

How about a straving. smug, arrogant d-bag, who drives a Boxter with a vanity plate selling me the car for 10 euros?  While he's eating his bread and wondering what happened, I'll be touring the cypriot coast in my new car.

Thu, 03/21/2013 - 13:32 | 3358001 Panafrican Funk...
Panafrican Funktron Robot's picture

This is probably the creeping nihilism/general existential crisis talking, but I would spend 100% of that on heavily discounted pussy.  Apologies to the ladyfolk here for that remark.

Thu, 03/21/2013 - 10:57 | 3357088 Charles Nelson ...
Charles Nelson Reilly's picture

wow, over at Shitco they have a couple hit pieces/predictions on gold going way down by years end from Societe General & Barclays.  The fucking bankers are freaking out & spreading whatever propaganda they can.

http://www.kitco.com/reports/KitcoNews20130321AS.html

http://www.kitco.com/reports/KitcoNews20130321DeC_1.html

 

 

Thu, 03/21/2013 - 14:00 | 3358166 Panafrican Funk...
Panafrican Funktron Robot's picture

Thinking through just how deep a depression we would have to be in for the cash price of physical gold to go under $1400.  I'd actually be 100% in favor of this, because that would mean real pricing for assets making a comeback.  

Thu, 03/21/2013 - 11:04 | 3357124 Freddie
Freddie's picture

Soon to be in Amerika with Amerika's muslim.  Come on Democrat O loving CS'ers junk me!

Thu, 03/21/2013 - 11:14 | 3357168 MarsInScorpio
MarsInScorpio's picture

Looking at the photos - knowing that these people are standing in line awaiting economic death - couldn't help but remind me of two other iconic pictures:

 

1) The Eloi of "The Time Machine," trance-walking into the underground covens of those who provided them with food and material possessions - in exchange for their lives.

 

2) The Jews lined up to enter the gas chambers. Calm, without fight or other resistence, being led to their death.

 

So much is wrtitten about the "sheeple" - and with it amazement that they exist at all. Tell me, are not humans throughout all time ovewhelmingly sheeple? When presented without any other alternative action that they can effectively take to save themselves, do they not merely accept their death much as the last hours of a cancer victim?

 

ZH is presenting, in near-real time, history like none of us have ever seen it before. The images are replays of those we have seen over and over - but every time believing they can never be us.

 

It is this failure to accept the humanity of ourselves, and the ability of humans to know their fate and resist it not - that is the most chilling aspect of ZH's coverage.

 

There but for the Grace of God . . . ?

 

Or a mirror of ourselves, as we will be . . . unless we find a way to create an alternative power base to confront, and defeat, the evil in our midst?

-30-

Thu, 03/21/2013 - 12:21 | 3357580 Pseudo Anonym
Pseudo Anonym's picture

????

...and defeat, the evil in our midst?

hofjuden?  the evil in our finances?  the evil fraudsters of the fractional reserve central banking?

Thu, 03/21/2013 - 13:32 | 3358000 Big Slick
Big Slick's picture

My vote for the best 'alternative power base' goes to the guy who pulled up his bulldozer to the bank steps on Saturday.  (See ZH story that day)

Wise words Mars

Thu, 03/21/2013 - 12:50 | 3357741 Zero Debt
Zero Debt's picture

The sheep metaphor is a metaphor for blind trust, but not all trust is bad. A high trust society is more efficient than a low trust society.

Thu, 03/21/2013 - 12:00 | 3357442 Son of Loki
Son of Loki's picture

"If you see a line in front of your bank, you better get in it," El Erian of PIMCO said.

 

 

Thu, 03/21/2013 - 14:08 | 3358220 rotagen
rotagen's picture

"It's time to strive forward like lions among the jackals but all I hear is the Baa Baa Bleating of sheep"  forgot who said that.

Thu, 03/21/2013 - 10:22 | 3356873 HoofHearted
HoofHearted's picture

Looks like the "ammo teller machines" in my neighborhood....if only they actually had anything in them...

Thu, 03/21/2013 - 10:23 | 3356875 lizzy36
lizzy36's picture

No violence in the lines.......yet.

Wonder how well stocked the food shelves are?

Long cigs and booze!

Thu, 03/21/2013 - 10:32 | 3356939 McMolotov
McMolotov's picture

At least it looks like Kangarucci is still open. Anyone know WTF that is?

Thu, 03/21/2013 - 10:39 | 3357001 krispkritter
krispkritter's picture

Kind of like our McDonalds only instead of horse they serve kangaroo...or so they say.

Thu, 03/21/2013 - 11:01 | 3357094 Big Slick
Big Slick's picture

LOL krisp!  +1000 

"You want lamb fries with that?"

http://www.youtube.com/watch?v=Qq4mqCDakVQ

Thu, 03/21/2013 - 10:40 | 3357003 Diogenes
Diogenes's picture

Kangarucci whose motto is.... You Need... We Buy

No frigging clue.

Thu, 03/21/2013 - 10:56 | 3357086 Big Slick
Big Slick's picture

Looks more like: You Need... We Gi__

Thu, 03/21/2013 - 11:09 | 3357145 bank guy in Brussels
bank guy in Brussels's picture

Kangarucci Cyprus website in English:

http://www.kangarucci.com.cy/

About Kangarucci

« Since 1987, our mission is simple. We want to provide premium quality products for everyone. We want to make it convenient for everyone. We want to make it affordable for everyone.

Much in the same way that International companies revolutionized their industries and changed the competitive landscape, KANGARUCCI is shocking the GIFTS industry to its core. Through the Internet, we are eliminating the needless waste and inefficiencies of traditional SHOPPING providing our customers with double-barrelled benefits:

Convenience
Just as obtaining cash became more convenient with self-service ATMs, and obtaining gasoline became more convenient with self-service gas pumps (how did we ever live without these things)KANGARUCCI made it easy, just for you and everyone.

How does it work?
Just surf into our web site, select the products of your interest place your order and we will deliver to you (free delivery – Frakapor courier).

Pay upon collection (cash only), and enjoy your selections.
We can also deliver your selected gift to your loved ones.(you must pay first yourself)

Tel : +357 22 514545
Fax : +357 22 515600
Address : 129, Athalassis, Acropolis P.O.Box 25060 1306, Nicosia, Cyprus »

Thu, 03/21/2013 - 11:20 | 3357200 jumbo maverick
jumbo maverick's picture

Well you don't say, CASH? You must pay by cash ?

Sounds like Kangarucci is outta business by the end of the day.

Thu, 03/21/2013 - 11:53 | 3357406 Matt
Matt's picture

Fancy watches and jewelery, looks like. They probably need to stay open or the place will inevitably get looted:

http://www.kangarucci.com.cy/

The sign "You Need ... We give" must be for something else.

Thu, 03/21/2013 - 10:32 | 3356941 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

When shit goes south you don't take it out on the person next to you in the same situation. Not in the beginning anyways. That happens as the resources get tighter and the desperation increases. Everyone here can bag on it all they want but in this type of situation that is where things like bitcoin really shine since they help mitigate the disruption and in turn decrease the odds of outright social rebellion.

Thu, 03/21/2013 - 10:35 | 3356967 otto skorzeny
otto skorzeny's picture

you forgot " /sarc"off after your bitcoin bullshit

Thu, 03/21/2013 - 10:42 | 3357020 Unprepared
Unprepared's picture

You can't go violent on a machine. Now if a person sitting behind the counter tells you "NO, sir, you cannot withdraw more than 100 euros today to pay your kid's hospital expenses" you may be tempted to go look for your bulldozer.

Thu, 03/21/2013 - 12:08 | 3357501 earnyermoney
earnyermoney's picture

Sure you can. Saw a soft looking dude go postal on a vending machine because it failed to despense his sugar fix.

Thu, 03/21/2013 - 10:23 | 3356878 FLUSA.com
FLUSA.com's picture

Soup lines of the great depression are replaced by ATM lines for the greatest depression...

Thu, 03/21/2013 - 10:29 | 3356920 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

We have soup lines now they just hide them better. It is called walmart. Before they changed how they charge the money to the ebt card accounts, you used to see them right around midnight when the money would go into all the ebt card accounts simultanously.

Thu, 03/21/2013 - 12:31 | 3357616 francis_sawyer
francis_sawyer's picture

Speaking of LongSoupLines...

~~~

I miss the sheer epopea of his rants... I miss his thoughtful & multi-faceted wisdom on a cornucopia of varied subjects...

Thu, 03/21/2013 - 10:25 | 3356879 Treason Season
Treason Season's picture

hurry up and wait

Thu, 03/21/2013 - 10:24 | 3356880 IridiumRebel
IridiumRebel's picture

How to create a Bank Run by arrogant Eurocrats: A lesson in Stupidity.

Thu, 03/21/2013 - 10:31 | 3356936 nonclaim
nonclaim's picture

"Gone!" is the new "Fire!" in the banking theater.

Thu, 03/21/2013 - 10:36 | 3356980 Mr. Fix
Mr. Fix's picture

Good morning Iridium Rebel, long time no see. It is starting to get exciting, but I wouldn't call this a lesson in stupidity.

 Since this is an  orchestrated, and preplanned collapse, the trigger has just been pulled.

 I would expect this to start spreading like wildfire next week.

 I hope you are prepared for what is about to unfold.

 This will be here in the good old USA next month.

 These banks will never reopen.

Thu, 03/21/2013 - 10:26 | 3356882 Cognitive Dissonance
Cognitive Dissonance's picture

Silly Tyler. Those aren't ATM lines.

<They're just waiting to buy the fucking (fiat) dip bro.>

Thu, 03/21/2013 - 10:26 | 3356895 machineh
machineh's picture

Save your ATM receipt for a free Spiderman towel when we reopen.

Thu, 03/21/2013 - 10:27 | 3356906 Treason Season
Treason Season's picture

Very snide today. Compassion fatigue?

Thu, 03/21/2013 - 10:32 | 3356938 Dr. Richard Head
Dr. Richard Head's picture

I must admit that the warnings and writings have been in the face of anyone who has trust in the fiat currency.  Idiots like me have been screaming from the mountain tops that their "savings" in paper is a farce, a ponzi even.  Fuck em.

Thu, 03/21/2013 - 11:17 | 3357174 Cognitive Dissonance
Cognitive Dissonance's picture

While I have genuine empathy for the Cypriots I don't feel terribly bad for them. They have known for some time now that their banking system was in real trouble. The vast majority of them decided to close their eyes and not prepare. Now they are paying the price.

The same applies to mainland European's as well as here in the USA. This will not end well. We know this. There is no excuse for not doing every little bit we can to prepare in whatever way we can. This includes stocking up on Gold, Guns and Butter as well as keeping as little cash as possible in the banking system.

Deep hard pain is coming. We as individuals and as a society will be measured by how well (or not) we are prepared for the inevitable.

Thu, 03/21/2013 - 10:35 | 3356972 resurger
resurger's picture

they are civilized people.

If the crowds are in the thousdands will they still wait in que?!

The next few days will tell, so far it's pathetic

Thu, 03/21/2013 - 11:31 | 3357254 Cognitive Dissonance
Cognitive Dissonance's picture

From what I have been reading the local bank(s) have been able to keep the ATMs loaded with cash up to this point from their vaults. So if someone needs some cash up to their daily limit it has been available. This has helped dispel the raw panic that must be welling up in their throats.

We shall see how orderly things are when the ATMs no longer spit out what amounts to chump change.

<I have not seen any articles yet about silver or gold (or barter) being used by the Cyperiot locals. I wonder why?>

Thu, 03/21/2013 - 12:41 | 3357706 Jena
Jena's picture

Or the black market.

Thu, 03/21/2013 - 10:25 | 3356886 machineh
machineh's picture

They are prying open the barn door, after the horses already left.

Thu, 03/21/2013 - 10:41 | 3357013 krispkritter
krispkritter's picture

There are no more horses unless you're eating the meatballs at the Ikea store...

Thu, 03/21/2013 - 12:59 | 3357774 Cognitive Dissonance
Cognitive Dissonance's picture

I call dibs on the blinders.

Thu, 03/21/2013 - 10:25 | 3356887 Lunch is for Wimps
Lunch is for Wimps's picture

Jesus, calm like sheep. WTF

Thu, 03/21/2013 - 10:46 | 3357033 Shizzmoney
Shizzmoney's picture

It shows that unlike the bankers and the euro-cum stained technocrats who run Cyprus, that the people are actually civilized and can be cordial about the situation.

Although, they are dealing with machines.......not the tellers or the actual bankers.  It's not fun to punch a machine.

Thu, 03/21/2013 - 15:34 | 3358782 Master Chef
Master Chef's picture

Certainly looks like a calm, orderly queue. My guess is they all believe this will be over soon, just a financial glitch. Is it just ATMs that limit cash withdrawls or is the whole banking system on hold? Can people still pay their bills on line and use credit cards, or what?  I am a bit puzzled by the lack of reaction.

Thu, 03/21/2013 - 10:25 | 3356889 1835jackson
1835jackson's picture

What else do you expect in a closed loop, fractional reserve banking system?

It begins with pictures of the elite signing a document in a closed off room all smoking pipes and cigars in celebration and ends with picutres like these.

Thu, 03/21/2013 - 10:25 | 3356891 americanspirit
americanspirit's picture

Where's the REALLY BIG ATM machine for our Russian comrades? The one that is CHOCK FULL of money?

Thu, 03/21/2013 - 10:26 | 3356892 howenlink
howenlink's picture

Isn't it convenient to not have to go inside the bank to get your money.

Thu, 03/21/2013 - 10:37 | 3356984 SWCroaker
SWCroaker's picture

Yep.  In $200 increments daily, or until the paper is gone.     Which is maybe tomorrow or certainly on Tuesday next..

Thu, 03/21/2013 - 10:26 | 3356896 Cocomaan
Cocomaan's picture

I wonder what this would look like in 2013 America. 

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