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One of these two Cypriots is happy. The other is withdrawing his daily Troika allowance.
Pretty soon we'll all be the guy on the left.
Long weed buried in random places.
Pretty soon? Hell, I'm on my 3rd Olde English 800 already......
Why don't they just cut to the Pavlovian chase and shock the shit out of the guy when he presses the withdrawal button?
For trouble depositors the new electric collar, with RFID... sure to stop all ATM harassment!
That's the bank manager on the left.
si se puedo
I think it should say 24hr wanking.
Four Loko on a sunny morning. Life is good.
Hobos always have the best tans
And a pint of Krauzer Brau maybe? Doesn't look like Keo or Carlsberg
Could be a 'Tuborg?'
They know where he lives. A drone will visit while he sleeps.
which atm are you sitting at?
Hell, I'm on my 3rd Olde English 800 already.....
Hell, I'm on my 3rd Olde English 800 already.....
You'd be happy too if you had such great hair at that age.
Well maybe, but he's only 28;)
speak for yourself.
12 step program?
Anything that takes 12 steps isn't worth doing....
Unless it's getting another beer
Or you could yell "fetch wench".
God I love those old Saxon monosyllables.
Rehab is for quitters.
Odd interpretation of the Cyprus depositor freezes-confiscation from Jim Sinclair ... he thinks the Cyprus depositors might still get their deposits back in full, that the confiscation talk is a head-fake, that all we have is account freezes so far.
Sinclair says it may be very different from what it looks, because all that is concrete so far is that withdrawals are limited to tiny amounts and the bulk of many accounts, tho indeed frozen and inaccessible ... not yet truly confiscated, in his view
Sinclair notes the large number of media scare stories being run about bank deposit confiscation, a sign they are obviously planned and approved by the Powers That Be - there is open discussion of deposit confiscation across the EU, in the UK, in Switzerland, in Canada, in New Zealand, in the US ... and of course on ZeroHedge
For Sinclair, this means the Powers are just trying to spook some 'money on the sidelines' trillions into being spent
Sinclair hints that, in the end, the Cyprus depositors might not lose their money ... that in the end ECB liquidity will pump the funds back so people will not lose deposits
On the other hand, Sinclair also admits fear that, in this nearly-out-of-control environment, they might actually seize the accounts in the end, in Cyprus and elsewhere, with disastrous consequences for the world ... but Sinclair is more inclined to think the Cyprus 'depositor confiscation' is still, at the moment a head fake
One can hope Sinclair is right ... but I have my doubts
I'd wager large that this fellow Sinclair doesn't have any "money" in a Cypriot bank--not a bad post, but talk is cheap from somebody who doesn't have stones in the game.
Interesting. I thought the other way around. I thought he might have a large sum in a Cypriot bank, and it's his wishful thingking kicking in.
I was looking for a bit more passion in his argument if that was the case--like "they better give me back my fucking money"--but who knows, you may be right.
I am somewhat surprised that you gentlemen are not a little more familiar with Mr. Sinclair than you are.
I don't mean that as a knockdown, just most here at ZH have also followed along with Sinclair, whether they agree with his views or not.
Come to think of it....
If withdrawals are limited to a real tiny amount like 3Euros per month and the big money had never been told to skedaddle before the freeze, then there would always be enough cash for everybody.
Enough for everybody and everybody equally. <;)
how would JS having money on deposit in Cyprus offer any additional credibility to his hypothesis? His argument is not based on emotional concepts, so having skin in the game would only UNDERMINE potentially his reasoning. Seems you're making a strawman argument for some reason against either JS or his idea... very odd.
Ya his logik kinda eludes me. If mo-money is what they want going out then why not increase limit to 1,000 euros, etc.
It eludes you because he never said that. I'm still waiting for a link from the bank guy in brussels.
Wait no more, I have a special magic internet which allows me to search for anything I wish.
Now use your special magic brain to find the article where Sinclair says what TBGFBrussels claims he said. Thanks.
I am magic internet finder. Alakazam! This wasn't so I could produce a book report for you or be BGIB apologist but rather to provide you the link you couldn't be bothered to find. However, I believe you can you infer BGIB's post from this. Any disagreement with his statement isn't my problem. I'm not interpreting Sinclair's words, just providing the copy from which I believe BGIB's came. Have a nice day.
2nd paragraph from my link:
"Every article written on Cyprus carries the statement of huge percentages to be lost by depositors carefully using the words may, could, or some similar disclaimer. The published statement by the Dutch Minister of Finance who is captain of this initiative was that there would be no particulars until mid April. Simply put, the official EU statement set out broad goals without any specifics. This means that nothing has yet happened in Cyprus to a major deposit holder other than their inability now to access whatever funds they have left in their accounts."
from the 4th paragraph:
"While all this is happening MSM is on a campaign of making no real facts appear as accomplished facts. None of what is in either of these articles has taken place except the small daily amounts being offered by the ATM machines. Money will flee major banking institutions in the West rather than be subject to what MSM is advertising. There is a greater problem for Cypriot bankers and politicians."
That's a Big inference, I don't see how he's saying that they're trying to scare money into being "spent", or that the confiscation talk is just a head-fake. He's saying people are going to get their money out of there as fast as they can.
Maybe this is less about velocity of Euros and more about velocity of dollars. If I wanted to move my cattle to pasture would I stand in the middle of the gate firing my gun or would I leave the gate wide open and scare those in the rear?
I think he thinks too much.
OTOH maybe he drinks too much?
Sinclair has passed his sell by date
I respect Sinclair's analysis and predictions.
He has a great "batting record".
For example, his 10 year prediction on the price of gold was correct, +/- a couple of months.
No one is 100% correct.
I agree. This whole move was to shake money from the sidelines. Whether they confiscate or not is another thing, but my slow motion bank run continues. As for "thieves" hitting the mattress, you got an alarm, three dogs, Boomstick and 300 lbs safe bolted down to get through. MOLON LABE.
I suppose that's possible but then of course the precedent is set and that cannot be ignored....they're taking your money and they have instituted CAPITAL CONTROLS. They are definitely elevating the FEAR level but if you are going to let the genie out of the bottle so to speak then WHY in the world would you try to put it back in now. I think they will let this game accelerate rather than terminate it.....watch for some braking.....but then suddenly they give you both barrels of FEAR......
I think Sinclair overestimates the intelligence of the Troika. These people are just demonstrating desperate hubris. The State is not a smart foe, it is a hungry ignorant monster sucking up everything willy-nilly. It even knows no allegiance to its Ponzi partner-the banks.
The troika are not government organizations. They are tools of the banks and other multinational corporations.
Politicians take the orders from corporations, not the other way around
But the Troikatwats are scared, they have lost the plot and they are making it up as they go along. I believe the original thesis WAS a conspiracy to set up a single currency that would lock everyone in, then fail, and lead to all the Eurozone countries deciding that all-out unification would be the best solution. But I think they have lost control of the situation. Yes, they are listening to what the banksters are telling them (except the Cypriot banksters) but I'm not sure that even the banskers have a plan any longer. I think they are just delaying the day they go bust, one by one.
I wrote a long piece about the possible Eurozone plot to force total unification 3 years ago, here
Please Link the article where Sinclair said that. I can't find it on his web site.
It was actually a reference to an interview he did on KWN here.
It's implied that the goal is to move static liquidity into equities, but one that only makes sense if you accept the base presumption that the fed operates on the belief that dow good = economy good.
I'm okay with Jim Sinclair, but he's got a problem here. He's been insisting for several years that the Eurozone has no problems, the euro is fine, and it's all a sideshow to distract from the REAL problem, which is the terminal U.S. dollar and our massive debt issues.
Now that the Eurocalypse has come to full boil, he's apparently hoping it will turn out he hasn't made a complete ass of himself. Hey, it's tough getting old and set in your ways.
At least we'd have beer.
"At least we'd have beer."
Popcorn Sutton reloaded!
Waste of good alcohol!
If wheat and hops are all you have to ferment, I say go for it. Agave plants don't grow well everywhere.
With all due respect, you are totally fucking wrong on that one. I love my Irish whiskey and vodka tonics, but sometimes there's just nothing better than a nice cold beer.
Scottish drunks are some of the finest in the world. Leagues ahead of other nations in terms of wit, humour and generally casuing a nuisance with the passing public.
"Beer is proof that God loves us and wants to see us happy."
- Ben Franklin
“You only have power over people as long as you don't take everything away from them. But when you've robbed a man of everything, he's no longer in your power--he's free again.” Aleksandr Solzhenitsyn
free again, until you take away his freedoms
then he truly has nothing
and has nothing to lose
I don't think you understand the quote. "Freedom" does not only refer to freedom of mobility. In my opinion someone can be locked up but still be "free".
"Freedom's just another word for nothingness to lose"
A big nugget of truthiness, eh?
When you got nothing you got nothing to lose. -Bob Dylan
Maybe that's the security.
At least his hair is combed nice and neat for the camera.
without the cold beer and only tap water to drink.
will never happen. That's where I prepared for for years now so this will never happen to me and my family.
It will only happen to the crickets and this ant says fuck it to those crickets.
It wasn't me!
Maybe that guy just gave up banking for lent.
Welcome to Brokebank Mountain....
Where all depositors get a dick in the shitter.
In San Fran you'd have a double line forming over the Golden Gate Bridge into Sausilito and back into Castro.
That would be a gay conga line.
Now that's funny
Thousands wiggling about shuffling slowly across the bridge in a demonstration of caterpillar like anal sex all dressed in rainbow colors, leathers...
The smell of the KY, the moans of the crowd
What a fucking nightmare
You've obviously never been to Sydney Mardi Gras then...
What's the other - appropriate(in this case) - definition of ATM? ;)
The guy on the right is facing the bank machine the wrong way. He needs to turn around and hold onto his ankles.
Damn, Vinny, I almost spit my beverage all over my monitor!! =O
you two would make a lovely couple.
So, is this the 1% and 99% representation?
Maybe the ATM's are now dispensing beer instead of money.
ECB: "As you can see our efforts to calm depositors have been successful, please put your money back in. It is not safe to keep your cash in the mattresses as there will be many thieves."
"Someone's making money in Greece: Burglars stealing cash stashed under mattresses after families take it out of banks"
That was really great and prophetic of ZeroHedge, Tyler writing back nearly a year ago on 24 May 2012 ...
« That leaves Greek citizens juggling the possibility of having their home robbed against the probability that the government ... will do it for them in the bank. »
I think that he just forgot his PIN
"Mister...can yo spare a dime"....the ATM client says to the bum.
Message on ATM screen: "Deposits only"
Message on ATM screen: "Mister, can you spare a dime?"
Message on ATM screen: "I have a gun - put all your money in the deposit slot"
Sure about that? - I read it as "I have a gub"?
Message on ATM screen: "Ach, du lieber Augustin, Alles ist weg, weg, weg.."
Instead of money it receives from the ATM photos Merkel with her personal autograph and a short phrase of the wish further success.
I dare the one on the left to ask the other:
Beer, the breakfast of champions.
Who needs money when you have beer and a sun tan?
One of these two Cypriots is happy, the other is suffering withdraw effects.
Withdrawing from fiat addiction is a rough ride. The guy on the left has been clean for years and is celebrating with a brew!
This photo is doctored. There is no bum urine puddle in the corner of the ATM. Pay attention to details
"24 Hour Banking" . . . hehehehehehehehe, etc.
You have to wait 24 hours before you ask us for more of your money. And, you better ask nicely.
"I saw a bank that said “24 Hour Banking”, but I don’t have that much time.” - Steven Wright
The guy standing up is taking a leak.
At least the deposit envelope bin is full.
Looks like a can of Steel Reserve 7% ML... the beverage of choice for the new destitute poor of Europe.
...and still the choice of the destitute poor in Stockton, CA.
Bankster to the politician: Let them drink beer!
And make surethe State purchases GERMAN BEER for the proletariat. No stinkin' Mexican beer.
Achtung Baby Achtung....
The old guy is the ATM janitor. He just mopped out all the piss in the corners and wiped off the Merkalhitler comments on the wall. Hey the guy deserves a beer break after all that work right?
Where is the queue?
Maybe the picture has been cropped on the RHS but going by the vacant ATM there isn't one.
just a simple question, does anyone else on zerohedge question whether depositors could even cause a bank run in the united states. there are billions of dollars of liquidity pumped in every month. if all non corporate depositors pulled their funds i don't think the banks would skip a beat.
I used to think along similar lines, but upon a little further looking discovered that the amount of deposits for just regular joe's FAR exceeds even the cumulative currency the big banks have received from the Fed and bailouts. Then you must consider that somewhere around 10% of those deposits actually exist in paper form. So it wouldn't take "everybody" to pull their currency as that would be a very unlikely event anyway.. it would take somer percentage of everybody, i suspect relatively small, to pull all their currency. And if that happened, the Fed would likely be forced to forgive or forstall repayment indefinitely of all the Fed discount window "loans" so the banks could take that liquidity to try to stay alive during the ensuing bank holidays, all of which would almost certainly fail b/c of the spiral effect that would occur DUE to the bank holidays. the system really is on the verge of collapse... but it has been now since at least 2008.
Charles Bukowski is alive in Cyprus?
The Buk! Long live the Buk!
"We used to be somebody. What happened?" http://www.youtube.com/watch?v=RGJpU-4nJI4
When I heard that they were taking deposits, do you think if someone is dumb enough to go to the bank and try to deposit a check, that the teller will look at them and say, "maybe you want to rethink that" ?
I bet there's no daily limit on deposits.
The worse thing about this is if anyone revolts they will be thrown in jail for indefinite amounts of time, ensuring few would try it. The controllers make the laws (via their wasp puppets), build their empires, and do whatever they please with no legal consequences. Then when someone stands up against them, they are systematically destroyed or thrown in jail.
We can thank a group of men heavily involved in the repeal of Glass Steagall for setting these last 13 years in motion: Robert Rubin, Alan Greenspan, Lawrence Summers, Sanford Weill (who is now calling for more regulation....they only wanted the spiget open long enough to destroy the West and pump up the East), and Arthur Levitt. These are the front men for the powerful syndicate, whose top apes don't show themselves openly.
Since the same pack of apes that wanted to repeal Glass Steagall (and got their way) are now promoting Re-regulating the banking industry (with them writing the regulations of course), people are now waking up to who sits behind the curtains of power in the West.
They are crashing the West, to help the Eastern nations rise. They had to make the banking/political corruption super apparent to the average Joe/Jane and to the World (to ensure their approval in destroying Themselves). This top layer of the Power Pyramid relies on blackmailing and murder of political puppets and a large administrator class (which is paid well to ensure their support).
If I was one of a certain "religious" group, I would seriously consider converting. I don't believe in Collective Guilt and Collective Shame, but unfortunately most people do. It is always the innocent people of ANY group that become a victim of the scum that are the villains.
All the little tricks to hide themselves behind fucktard Apes like Clinton, Bush and Obama isn't working. WE KNOW WHO YOU ARE.
So who is the nexus of this syndicate?
The Rocks, the great European banking families, the ancient rich European families, the Vatican?
The guy on the left is a undercover German, the shoes is a tell tale, and the warsteiner.....
Looks like a dangerous neighbourhood to be in. He'd better watch out or he'll get robbed by some thieving scum bag - just like the guy on the right.
They both need longer coats. Can't hide a shotgun under those things they're wearing.
Go long coats!
Go long2 coats?
the guy on the right will be like the guy on the left within a few years.
liar thieves finally telling the truth. Mother f*****rs. Lie Lie Lie Deny Deny Deny Rob Rob Rob Cheat Cheat Cheat rinse and repeat. Who is next?
Other than being sad, this situation is rather funny.
A whole lot of the Cyprus economy has been on a cash basis, since I lived there in the early 70's, to when I regularly visit now.
All they have done is make sure that most of the economy will be now cash-only, meaning that their tax base just disappeared.
Now what are they gonna do? I see a departure from the EU/eurozone in double-quick time.
24 hour banking, at €12,50 an hour...
Guy on the left must be one of those British security guards they brought in to watch the banks.
lol rolling your jeans is so 90s
Guy on the left is thinking: I've been right all these years.
One guy is thinking of drinking and one is paid in full.
Instead of a beer I prefer a matrini; instead of US and European Bonds I prefer South American sovereign bonds. La Dolce Vita!
What is the punishment for Cyprots that use the ATM as a urinal? Is turnaround is fair play a legal defense? Perhaps the drinking man is building up a deposit to make.
Above the ATM's it says 24 hour banking.
In view of the withdrawl limit it should now say......1 hour of banking and 23 hours of wanking.
...... He said "wanking" http://www.youtube.com/watch?v=koY6kXhQDQo
The ATM on the left is giving out bit-coins
The guy on the left didn't lose a DIME ......Who's laughing here?
Wasted or Useful Lives
This cartoon really got to me back in the days when I was working on computer design in cubicle.
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