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Pictures From A Cyprus ATM Line
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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They look pretty calm.
BAAAAAA BAAAAAAA
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.
Not many PM owners in those lines!
Wait, no, is that..... MillionDollarBonus in line?
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.
Long bulldozers
I was expecting to see hot chicks in teeny-Bs
http://www.teenyb.com/
Time to roll out the hot dog stands again. Opportunitays be all around me. BOOM! BITCHEZ
I'll translate those signs for you... They say...
~~~
FREE SPIDERMAN TOWELS!
Didn't these ATMs run out of cash days ago?
Relax and have another gyro there's nothing left to wait for.
gives new meaning to counting sheep
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...
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".
US BANK HOLIDAY...announced by VP and the honorable MF Corzine...I pitty us fools.
https://www.youtube.com/watch?v=d-cLZai63GA
How long would it take you to withdraw your entire life savings/401 from the ATM at $2-300 limit per day ?
I must have missed the memo.
"Twitter"="Shovels"
"Facebook"="Pitchforks"
Cyprus Popular Bank imposes 260 euro per day limit on ATM withdrawals - @Reuters http://reut.rs/WNWFVa
it depends, on weather i brought my slege hammer or not.
so far im not seeing any sledge hammer owners.
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...
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.
The waiting would be more tolerable if lampposts were decorated with banksters.
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?
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.
I don't even need 'ON STAR' to figure out when kito is on 'the Hedge'...
lol
Honestly, whenever I see Kito post, I immediately think of Kato Kaelin.
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...
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.
let me guess... this would make Cypriots happy?
anyway, +1 for describing correctly what an exit would look like
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...
doppelt
Cyprus ATM?............
Automated Trickle Machine
ass tapped mechanically.
run out of cash .. lol the minions just keep putting more in
From the pictures, I thought it translated to "Apple Store".
+1 for Bankia reference!
Haywood - no I woodn't
Me Laiki you long time
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
ATM machine =
Automated Teller Machine machine.
Do I need my PIN number to use an ATM machine?
pods
Not if you're from south of the Rio Grande River
Now you might have to use your "SIN number" also. ;-)
I suggest you try the PI number.
Excellent! +1
ATMs have eliminated bank teller jobs. -- Obama
Right, and if he said AT machine, you'd come up with some other shit.
Whatever.
$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?
You mean horse dog?
You mean dog dog?
woooot
Thanks Samuel, I just spent the last 20 minutes looking at Bikinis, starting with separates, boyshorts, and finally Brazilian!
I buy all my Bitchez the Micro-B for when we go to da clubs.
So you like beers from small brewerys?
my dad likes those minis, or micro, or whatever.... you must be old
http://www.youtube.com/watch?v=Oai1V7kaFBk
Kinda sad when the year 2000 is considered "old school".
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).
When will it become a full blown sprint?
In about fifteen minutes..
They wait in line for 2 hours to find out there is only a $20 withdraw limit. lol
they are betting on the tournament
http://oi46.tinypic.com/29ptg7b.jpg
fill out your bracket
Signed.
Cyprus was totally off my economic radar screen, but you are damn right MDB, keep it postive.
Kind Regards,
Dr. Paul Krugman.
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. ;-)
I kinda wanted to punch you after reading that. Nothing personal, just a reflex I've developed.
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.
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.
1983: Soviets wait in line for toilet paper
2013: Cypriots wait in line for Euros
Distinction without a difference?
There IS a difference. Toilet paper has intrinsic value
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.
The euros are softer yet do not disintegrate in your hands.
Yeah, and it was tough toilet paper .... kraft paper with chips and splinters .... ouch !
I must admit, when I first heard about this Cyprus shit, I left a deposit on the sidewalk... toilet paper please.
+ 100 for the username!!!
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 !
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. :)
They must have not got the memo, banks open on Tuesday! Now back to work!
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.
Looks mild compared to the Walmart "Black Friday" stampedes for TV sets and toys.
The sunny weather is a potent stress inhibitor.
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.
To quote a great man, "Calm as Hindu cows."
Trick question. Most Americans have no savings.
What firearm restrictions does Cyprus have?
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.
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.
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.
Well, OK then. Couldn't figure out how the ATMs got filled back up if the banks were closed.
the front door was closed dimkof.. the back rooms were alive with atm stuffers
Sounds like there are people at the bank, the customers are just not allowed inside.
Every time I see the phrase "injected liquidity", I feel like I need a good cry in the shower.
Awesome and perfect choice, Dr Head.
http://www.youtube.com/watch?v=7ejsM0VF-Os
Love the reference. Many here too old to know it. And probably would write it off as noise.
That's because they know Larry Motherfucking FINK is long ATM's
I guess, they just need some cash to BTFD.
BANKSTERS ARE THE ROOT OF ALL EVIL
They are literally imploding the Cypriot economy.
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.
The Cyprus ATMs should be spitting out only iPad minis pretty soon.
Fluoride in the water
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?
gold! for sure.
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.
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.
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
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.
Soon to be in Amerika with Amerika's muslim. Come on Democrat O loving CS'ers junk me!
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-
????
hofjuden? the evil in our finances? the evil fraudsters of the fractional reserve central banking?
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
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.
"If you see a line in front of your bank, you better get in it," El Erian of PIMCO said.
"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.
Looks like the "ammo teller machines" in my neighborhood....if only they actually had anything in them...
No violence in the lines.......yet.
Wonder how well stocked the food shelves are?
Long cigs and booze!
At least it looks like Kangarucci is still open. Anyone know WTF that is?
Kind of like our McDonalds only instead of horse they serve kangaroo...or so they say.
LOL krisp! +1000
"You want lamb fries with that?"
http://www.youtube.com/watch?v=Qq4mqCDakVQ
Kangarucci whose motto is.... You Need... We Buy
No frigging clue.
Looks more like: You Need... We Gi__
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 »
Well you don't say, CASH? You must pay by cash ?
Sounds like Kangarucci is outta business by the end of the day.
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.
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.
you forgot " /sarc"off after your bitcoin bullshit
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.
Sure you can. Saw a soft looking dude go postal on a vending machine because it failed to despense his sugar fix.
Soup lines of the great depression are replaced by ATM lines for the greatest depression...
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.
Speaking of LongSoupLines...
~~~
I miss the sheer epopea of his rants... I miss his thoughtful & multi-faceted wisdom on a cornucopia of varied subjects...
hurry up and wait
How to create a Bank Run by arrogant Eurocrats: A lesson in Stupidity.
"Gone!" is the new "Fire!" in the banking theater.
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.
Silly Tyler. Those aren't ATM lines.
<They're just waiting to buy the fucking (fiat) dip bro.>
Save your ATM receipt for a free Spiderman towel when we reopen.
Very snide today. Compassion fatigue?
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.
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.
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
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?>
Or the black market.
They are prying open the barn door, after the horses already left.
There are no more horses unless you're eating the meatballs at the Ikea store...
I call dibs on the blinders.
Jesus, calm like sheep. WTF
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.
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.
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.
Where's the REALLY BIG ATM machine for our Russian comrades? The one that is CHOCK FULL of money?
Isn't it convenient to not have to go inside the bank to get your money.
Yep. In $200 increments daily, or until the paper is gone. Which is maybe tomorrow or certainly on Tuesday next..
I wonder what this would look like in 2013 America.