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Cyprus Hires 180 British Security Guards To 'Control' Bank Re-Opening
The security firm that became infamous for its Olympics snafu is responsible for the 'safety' of Cypriot banks and their money as they prepare to open tomorrow. G4S is the world's largest security-provider, and has been helping banks in the last week by sending out teams (with police protection) to restock ATMs. However, an additional 180 staff have been hired to, "be based outside branches... to control queues," adding (rather optimistically), "if there are any queues." It seems the extra security is, "basically it is to make the banking people feel safe and the customers as well." As ekathimerini reports, while the banks have been closed, businesses have been calling on the security company to find places to keep their cash and asking for guards and alarms to protect their assets. They are also using G4S as an intermediary to bring money from overseas to pay wages and suppliers, and drawing on its systems for shipping cash to provide guarantees for payments abroad, effectively using it as a kind of bank. G4S local boss added, "people have had time to digest the agreement so maybe there won’t be that scenario whereby people run to the banks to withdraw." Oh we are sure...
A British security firm that transports cash for Cypriot banks is working round the clock, sending teams out with police protection to stock bank machines and readying guards for when banks reopen on Thursday.
The world’s largest security firm, G4S, moves cash and will provide guards for Cypriot lenders including Bank of Cyprus and Cyprus Popular Bank, the two biggest, which are to be combined and see large depositors’ accounts frozen under a bailout agreed at the weekend.
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"Demand is greater than we can provide... We haven’t closed since the crisis started," he told Reuters. "I’ve never seen anything like it in terms of what is going on from a security perspective. I would say the workload has quadrupled because the whole system has changed."
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"People have had time to digest the agreement so maybe there won’t be that scenario whereby people run to the banks to withdraw," he said.
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They are also using G4S as an intermediary to bring money from overseas to pay wages and suppliers, and drawing on its systems for shipping cash to provide guarantees for payments abroad, effectively using it as a kind of bank.
The next big test will come on Thursday when 180 G4S guards will be deployed at bank branches to help handle an anticipated surge of customers demanding cash and answers.
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"The staff will be based outside branches and are there to control queues, if there are any queues," he said. "We will be in contact with the police. Basically it is to make the banking people feel safe and the customers as well."
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The firm achieved notoriety for admitting just weeks before the start of last year’s London Olympics that it could not provide a promised 10,400 venue guards, hitting its profit and reputation.
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How does one invest in the growing Militia business?
180 is not enough, unless its PER bank branch..
secondly, those cops are stupid because Cyprus is broke, no?
Divided - you beat me to it. I was about to post the same comment...
I don't know why but I kinda think these guys aren't gonna be carrying just night sticks like the Bobbies.
Maybe the DHS was smart enough to realize since the US exports nothing we can now be the largest exporter of hollow points to foreign governments who need to provide security for "bank re openings".
Shit's gettin' real. DHS totally hoarding forward demand. Internal, or external.
My question is, why not make the buys through the Armed Forces, which would go largely unnoticed by the media? Or, do the Regulars and the Feds not get along so much these days?
call me an eternal optomist but I hope the armed forces will be the trigger mechanism that jams when they go to pull it.
By the way I have not been on here much today but did ZH show this with Santelli?
http://www.cnbc.com/id/100597242
wow, fonz, you sparked an idea for a movie............DHS vs. military....all out civil war....country begins to break down...internal chaos ensues.........bruce willis will play the 5 star general leading the country to freedom from the orwellian and suppressive DHS, whose vicious leader will be played by herself janet napolitano.............................lets go 50/50 on the production costs............whaddya say????????
I just blew my budget on a composter.
I am working on a documentary of a guy who used to be in finance then lost his mind and dedicated himself to growing the perfect squash.
Doing an autobiography eh? Better be careful...my wife started looking at me differently when I put in a compost pile.
Your wife looks at you!
( i'm jealous)
Next thing you know you crazy fuck will have backyard chickens!
Hey! I have compost, squash, chickents, silver, and guns! Whad'ya gonna do about it?
send you my resume.
I'll get a short wave radio later today.....
IF YOU ARE READING THIS... YOU ARE THE RESISTANCE BITCHEZ!
A composter is a box. How could you blow your budget on one?
I'm from long Island we pay $100 for our boxes at home depot. what does everyone else do?
Use a hammer.
I think Bruce is better suited portraying a reluctant leader. He doesn't quite fit the role of a stiff neck boot licking bureaucrat. Otherwise the idea seems good....count me in.
I think you have a bit too much time on your hands. Can I relieve your mind of some of that time?
+1000
Crowd sourcing bitchez!
BTW someone else thought of this so check it out... nice trailer "Grey State"
http://www.graystatemovie.com/
Because then the NWO fascists at the UN would start getting worried that they might be on the wrong side of a hollow-point bullet traveling at supersonic velocity, and then they start dragging out things like the Geneva Conventions.
Up arrow for "Geneva Conventions" versus hollow-points, but do have to note that handgun rounds don't generally travel at supersonic speeds. Except maybe 22TCM...
http://www.thetruthaboutguns.com/2011/11/foghorn/ria-introduces-first-production-22-tcm-firearm/
Beg to differ on your "handgun rounds don't generally travel at supersonic speeds" comment. You must not shoot much! MOST handgun rounds DO exceed the speed of souond. In fact, you have to purchase special "subsonic" 9mm rounds to make a suppressed handgun even a little less loud. The suppressor can muffle the sound of the rapidly expanding gasses, but can do nothing about the sonic boom/"crack".
Speed of sound @ 68 degrees: 1,126ft/sec. http://en.wikipedia.org/wiki/Speed_of_sound
List of common handgun rounds and their muzzle velocities: http://www.chuckhawks.com/handgun_power_chart.htm
Note that the "JHP" are the hollow point rounds, and most have ADDED powder (+P) to give them more velocity and thus more force on impact. Note also that there are some JHP rounds that are a few hundred ft/sec less than the speed of sound. These are mostly meant to be used in suppressed handguns/carbines. You sacrifice a few ft/lbs at impact for the lessened noise on firing.
Nice post... don't forget a .22 rimfire will take down a fallow deer-sized mammal or at least disable /scare the shit out of it with careful shot placement (effective range limits). High velocity .22 (stingers et.al) are good out to 100 yards. 1,640 fps and a 32 grain bullet. Skeptical? shoot yourself in the leg and see: a) how you feel; b) the extent to which your mobility is impaired; c) Pat yourself on the back for the knowledge gained from a useful field experiment.
Back up, that's all, use what tools you have and know there limitations.
One million up arrows for this one Fonz...
Yes they're typical dumbasses that's for sure!
G4S-the same security company that ENTIRELY flubbed security for the Olympics! How quickly they forget how British military had to be brought in.
G4S = FARCE.
G4S = Political CRONIES of British Elites !
Let the burning and Pillaging commence.
Great.
They're gonna highly object to their threats in a 'fierce British accent' while clutching their massive night sticks!
Fail
STOP! or I will say STOP again!
And we will say nee to you again if you do not apease us
http://www.youtube.com/watch?v=0e2kaQqxmQ0
And bring us a shrubbery!
Bitcoins...LOL. This pretty much seals it...CNBC totally onboard now. And....it's gone....
http://www.cnbc.com/id/100597242
Bitcoin is such a joke...I rather have my crappy USD (yes I still have one) then a shitty Bitcoin
Come celebrate the Cypriotic post-banking holiday grand re-opening with us!
There will be food, fun & frivolity for all, with clowns (sponsored by GS4), sausages (shoved right up your asses), fun rides (in the back of armored vans), and even late afternoon fireworks (so please leave your own at home)!
One of the funniest posts i've ever seen on ZH!!
Find out the supplier for the FEMA coffins.
http://www.cerberuscapital.com/
Your own mercenary group included:
http://www.dyn-intl.com/
Cerberus---Focus on point of execution------bwhaaaaaaaaa
Freudian slip?
Time to do an IPO. (initial police offering)
We should outsource HMS to them
""People have had time to digest the agreement so maybe there won’t be that scenario whereby people run to the banks to withdraw," he said."
He continued...."but I am a fucking idiot so you have to take that into consideration"
I spit water all over my keyboard.
The same agreement which froze every bank account except for the ones that weren't frozen.
Should have used a German Securit firm, to add alittle interest to the proceedings
WTF? I thought they outlawed queues as part of their capital controls.
Long moltovs.
What are they paying the guards with? And how many angry Cypriots does it require to take down 180 Rent-A-Cops?
British pounds or gold.
180 cops x 6 donuts = 1080 donuts at .50 cents = $540
180 staff may have been hired but I wonder how many will actually turn up....
Apple Store used to hire more security per square foot for their product launches.
Good ol' days.
Quick - invest in Cypriot mattresses - it looks like there will be a lot of them worth 100,000 Euros soon... As people pull out their money and the government restricts the subsequent movement of that money, people will try to hide it in their homes. I see gangs of thugs raiding homes -- and yes, unprotected businesses -- in search of cash!
The Godfather Mattresses Montage in Lego
http://youtu.be/CKXoZFbpHWc
I'll be more excited when the mattresses are stuffed with gold or silver. It's paper..., it's just paper.
And with no guns...How convenient (for the thugs)..
How long before those lost heavy weapons from Libya turn up in armored car heists in Cyprus?
or Assad's chemical weapons? And does the average American even know that Cyprus is a stone's throw away from Syria?
Just remember, if you think the soldiers in your country won't be willing to come after you for your government, they can always hire outside mercenaries and "security."
The Swiss were renowned mercenaries. When you realise Switzerland is a huge banking center it makes perfect sense.
http://www.securitas.ch/en/about-us.html
mercenary embeds have been suckin' the .gov fiat down for years now - just keep shedding their name(s) as they grow, like the parasites they are. . .
TypePrivately held company
IndustryPrivate military and security contractor
Founded1997
Founder(s)
Erik PrinceAl Clark Headquarters
Arlington, Virginia, USA [1]
Area servedWorldwide
ProductsLaw enforcement training, logistics, close quarter training, and security services
ServicesSecurity management, full-service risk management consulting
RevenueUnknown
Operating incomeUnknown
Net incomeUnknown
EmployeesUnknown
Divisions Unknownlots of unknowns in that post, known unknowns. . .
For God's sake Bernanke, print faster! THE BANK'S ABOUT TO OPEN!!!!!
Ouch, that hurt.
Why would people even bother going to the banks at this point. Can they even withdraw money besides the daily ATM limit?
CapControls 1.0 says they can't cash checks, and savings accounts are totally frozen.
That leaves credit card advances, perhaps?
Nice 3 to 5% cash advance fees for banksters (plus interest), so maybe they're kool with CC advances for widows buying groceries and such.
The British are coming! The British are coming!
.
All mercs must be exterminated.
G4S: contracted by Deutsche Bank to build and operate their new gold vault in London. Lets see how that goes...
what do they need security guards for????
The Cypriots have already shown they r willing serfs who accept the rule of the bankers and their bitch owned Cypriot politicians....
if they aint done shit by now they aint got it in them.....
just hold up some more signs and and cry in the middle of the street like good little serfs...
SORRY, NO RESISTANCE NO SYMPATHY............
They have no contemporary arms with which to fight. It is illegal to own something as mundane as a 22LR in Cyprus. They are limited to whatever improvised munitions and explosives they can muster.
like my mama used to say...
"when a bully is bigger than you pick up the biggest rock you can find and bust him in the head with it..."
i know they stole the Cypriots debt based Euro's but did the steal all the rocks as well???????
NO EXCUSES.......................
Security guards are probably for the paid agents provacateurs who might smash some windows of a nearby store. Then the people (especially the older folks) will fear chaos more than they fear their rotten government and will re-elect them. I'm still holding out a tiny bit of hope that Cypriots have more spine than that but I don't know. Europeans are making us in the US look good by comparison. And that is hard to do. I don't advocate violence, but at least stop electing people who will keep you in the euro no matter what the cost.
"Put your money in the Bank so it is safe from armed thugs."
ROFLMAO!
Cyprus has strict gun control. Private citizens are completely forbidden from owning handguns and rifles in any calber, even .22 rimfire. Only shotguns are allowed, and these require a license. Shotguns are limited to two rounds. The only shotguns typically sold in stores are double-barreled side-by-sides or over-unders. Pump actions and semiautomatics are prohibited. A private citizen can own a total of ten different shotguns. A citizen is not required to specify a reason for ownership to obtain a license, but most own their guns for hunting. Licenses are issued by provincial police. A gun license is required to buy ammunition, and ammunition sales are recorded. A shotgun owner may purchase up to 250 shells at one time. Cyprus also controls airguns, and airgun owners require a license.
These people are unarmed and completely at the mercy of the British mercenaries being hired by the IMF. They have absolutely no recourse but to grab both ankles and take it dry.
In a righteous world, these mercenaries would be assassinated along with every Cypriot politician who refused to stand up to this and of course, all the banking scum.
What is it going to take before the blood starts flowing to break the grasp of these fucking vampire squids?
They need to be assassinated, there is no other option at this point.
FUCKIN A! ^ +10
Wow. That's pretty draconian, man.
It bends my mind a bit when I read posts like yours and then think about how that compares to my own stash of shit.
I could take over Cyprus all by myself, maybe even including the British security guards, too.
Cyprus has strict gun control.
So disarming citizens not only facilitates mass murder, it also facilitates mass deposit grabs.
Figures ...
Exactly why the 2nd Amendment was put into the Constitution. To prevent this kind of tyranny.
Its sad that restocking some ATM next to a mall has become part of "High Threat Operations".
The illusion of safety.
180 foreigners to manage a domestic issue. Sounds like Red Cross scenario. I hope they stocked up on water barrels to put out the torches.
Cyprus has strict gun control. Private citizens are completely forbidden from owning handguns and rifles in any calber, even .22 rimfire. Only shotguns are allowed, and these require a license. Shotguns are limited to two rounds. The only shotguns typically sold in stores are double-barreled side-by-sides or over-unders. Pump actions and semiautomatics are prohibited. A private citizen can own a total of ten different shotguns. A citizen is not required to specify a reason for ownership to obtain a license, but most own their guns for hunting. Licenses are issued by provincial police. A gun license is required to buy ammunition, and ammunition sales are recorded. A shotgun owner may purchase up to 250 shells at one time. Cyprus also controls airguns, and airgun owners require a license.
These people are unarmed and completely at the mercy of the British mercenaries being hired by the IMF. They have absolutely no recourse but to grab both ankles and take it dry.
In a righteous world, these mercenaries would be assassinated along with every Cypriot politician who refused to stand up to this and of course, all the banking scum.
What is it going to take before the blood starts flowing to break the grasp of these fucking vampire squids?
They need to be assassinated, there is no other option at this point.
Petrol is €1.45 a litre.
There's a lot you can do without a gun.
My personal favourite is thermite.
180 rent-a-cops at the bank's door aren't going to protect the banker and his family from polonium poisoning or "hanging" at home.
Let's call this what it is. The beginning of a currency reform. How wide will it spread is anybody's guess. Malta and Luxembourg are next up. Spain, Italy and France are being prepped as we speak and even Germany will see the same fate over the next few months and just after the important German elections.
New money. Limited amounts. A week ago a Cypriot business man had 200k in the bank. Tomorrow he will have 120k if he's lucky. He can pay his employees only 40% less wages and his suppliers only 40% less than a week ago.
40% devaluation all around
in the spirit of the holiday.......HANG THEM ON A CROSS
... and call it a sacrament.
Beats sacrificing goats and sheep.
And all this time I was wondering how they were going to get Americans to use hollow points on fellow Americans. Stupid me.
amrkns shoot each other up every day, only the numbers will change going forward.
And all this time I was wondering how they were going to get Americans to use hollow points on fellow Americans. Stupid me.
Withdraw what money? You're limited by the daily ATM cap of 100 Euros anyway,
We could do something to help. We should box up a few Jimmy Stewart movies and send them in care packages.
It's a Wonderful Life.
But Who is Playing Potter and who is George Bailey?
Looks like Potter wins this time.
I bet CNBC is "on location" covering this, as 180 new hires will drive down the Cypriot unemployment rate and can be touted as a 'green shoot' from this -- at least until the thousands of financial workers get laid off from their closed banks. Of course, the 180 will be let go as soon as the banks are drained of deposits and shuttered, but that just means a seasonal adjustment will be needed... You know -- "Closed Bank Season".
Is it G4S or 4GS?
Lets see, next US headline... US Markets "resilient" in face of "islolated" Bank runs abroad, as "Investores" seek the safety of Bernanke's rigged game. The land of The Brave and the home of The Free Money.
I'm sure the British expats that have had their euros confiscated, are jumping with joy that their fellow countrymen are protecting said confiscated deposits for them. You can't make this shit up.
On a serious note, "However, an additional 180 staff have been hired to, "be based outside branches... to control queues," adding (rather optimistically), "if there are any queues." It seems the extra security is, "basically it is to make the banking people feel safe and the customers as well."
This seems reasonable - a lot of cash will be moving around.
/no sarc
did the g4s buy hollow point bullets recently?
Brings up a question: what sort of guarantee do you need now before you deposit money in a Cypriot bank?
You can hear them now " Don't fuck with me you cunt or Ill ave ya, I've shit 'arder than you"
LOL.
Oh yeah and 180 ought to do it.
SECURITY HERE TO ASSIST YOU! LOL...
G4S
Goons 4 Sale
Don't fire 'til you see the blue of their helmets.
For some reason this does not make me feel 'safer.'
What? G4S instead of Blackwater aka Academi? Are they low on money or what?
I have been wondering about the Ex-pats myself. Ten days is a long time with no cigarettes, pipe tobacco, alcohol, pharmaceuticals, and lastly food.
I suspect we are in for a long hot summer in the Med. Tourists do travel to unstable areas,warzones and such,but these are usually young backpackers I expect. The old folks want the security and quiet life. Much tourism in Athens these days? Hmmmm.... See the reason I mention it is people used to talk about hard currencies and soft currencies,but that is becoming a no-brainer.I used to live down-under and the German tourists were notorious for eating platefuls of steaks because meat was cheap in Oz as compared to Europe.
Too bad they don't have access to that farmland in the north of Cyprus. Oh well.....
Everyone repeat after me,"GO ICELAND,GO ICELAND,GO ICELAND!!!"