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First HSBC Halts Large Withdrawals, Now Lloyds ATMs Stop Working

Tyler Durden's picture





 

Update: things are back to normal - Lloyds will gladly accept your deposits again:

First HSBC bungles up an attempt at pseudo-capital controls by explaining that large cash withdrawals need a justification, and are limited in order "to protect our customers" (from what - their money?), which will likely result in even faster deposit withdrawals, and now another major UK bank - Lloyds/TSB - has admitted it are experiencing cash separation anxiety manifesting itself in ATMs failing to work and a difficult in paying using debit cards. Sky reports that customers of Lloyds and TSB, as well as those with Halifax, have reported difficulties paying for goods in shops and getting money out of ATMs.

All three banks are under the Lloyds Banking Group which said: "We are aware that some customers are unable to use their debit cards either to make purchases or to withdraw money from ATMs. "We are working hard to resolve this as swiftly as possible and apologise for any inconvenience caused."

Further from SkyNews, TSB, which operates as a separate business within the group, issued a statement saying: "We are aware that some TSB customers are unable to use their debit cards either to make purchases or to withdraw money from ATMs. "This has impacted all Lloyds Banking Group brands. We are working hard to resolve this and unreservedly apologise for any inconvenience caused."

TSB chief executive Paul Pester said in a tweet: "My apologies to TSB customers having problems with their cards. I'm working hard with my team now to try to fix the problems."

Clients were not happy:

On the microblogging site, one TSB customer Nicky Kate said: "Really embarrassed to get my card declined while out shopping, never had any problems with lloyds then they changed my account."

 

Hannah Smith: "I am a TSB customer with a Lloyds card still (like everyone else). And I've been embarrassed three times today re: card declined."

 

Another customer Julia Abbott ‏said: "Lloyds bank atm and card service down. 20 mins on hold to be told this. Nothing even on website. Shoddy lloyds. ... shoddy."

 

Helen Needham ‏said: "#lloyds bank having problems with there card service... Can't pay for anything or get money out!"

 

Another Twitter user wrote: "This problem is also affecting Halifax debit cards as I found out trying to pay for lunch with my wife!"

 

And Jane Lucy Jones tweeted Halifax, saying: "Why can't I get any money out of any cashpoints, what is going on?

What is going on is known as a "glitch" for now, and perhaps as "preemptive planning" depending on who you ask. Sure, in a few months in may be called a bail-in (see Cyprus), but we will cross that bridge when we get to it.

 


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Sun, 01/26/2014 - 15:45 | Link to Comment fonestar
Sun, 01/26/2014 - 15:47 | Link to Comment WarriorClass
WarriorClass's picture

It's been coming for a long time now.

Diversity:

Eventually, Americans will realize that we haven’t had a representative government since 1860, when big business got Lincoln into office and then declared war on the States. Free market capitalism died at the same time, we just didn’t realize it until 1913 when the Bankster cartel formally took over the Federal monopoly on power and money. We’ve had a fascist dictatorship since then and your vote has meant exactly squat. The only way to return to a Jeffersonian Representative Republic is the way our Founders did it in 1775.

Eventually, when Americans find that every person in the world is entitled to a job in the USA, except for them – all in the name of diversity. When they find themselves a dirt poor minority in the country their fathers founded. When they find out that diversity is not THEIR strength, but the strength of their enemies.

Eventually, but not today. Today many Americans will go to work at their corporate jobs chanting the mantra, “Diversity is our strength;” until it isn’t.

And it’s too late.

 

Supply and Demand:

The law of supply and demand dictates that an increase in supply results in a lower price.

An increase in the supply of labor, results in lower wages.

If you want to cut wages in half, double the workforce.

Almost half of the US population is here due to the Immigration Reform Act of 1965 and its subsequent iterations. Add to that the massive amount of work visas, student visas, and refugee visas, and you have doubled the labor market.

Comprende?

http://americandictators.blogspot.com/2013/07/legal-immigration-and-immi...

Sun, 01/26/2014 - 15:53 | Link to Comment Lore
Lore's picture

Please stop spamming.

Sun, 01/26/2014 - 15:59 | Link to Comment 12ToothAssassin
12ToothAssassin's picture

Get your money out of banks while you still can... He who panics first panics best!

Sun, 01/26/2014 - 16:01 | Link to Comment Xibalba
Xibalba's picture

was ist los? 

Sun, 01/26/2014 - 16:21 | Link to Comment smlbizman
smlbizman's picture

being 3 yrs early feels pretty pretty pretty good right now....

Sun, 01/26/2014 - 16:30 | Link to Comment outofideas
outofideas's picture

How long before the ATM's being out means they've ran out of paper or ink as they would be self contained printers.

Sun, 01/26/2014 - 17:25 | Link to Comment TeamDepends
TeamDepends's picture

Fear not, they have warehouses full of crisp, new $100 bills, which, after the crisis, will become the new $20.

Sun, 01/26/2014 - 20:09 | Link to Comment laomei
laomei's picture

$100s practically are the new $20s already.  Well at least for a portion of the population which still has two nickles to rub together.

Sun, 01/26/2014 - 20:20 | Link to Comment akak
akak's picture

When a bank teller asks me if I want "large bills" in my withdrawal, I ask them "Oh, do you have any $500s or $1000s?"

A $50 bill today is worth less than a $20 was worth in 1985, and a $100 bill today is worth about what a $20 was in 1976, and at neither time was a $20 considered a "large bill", so how are $50s or $100s "large bills" today?

Oh, and for God's sake, get FUCKING RID of all those one cent and five cent coins already!  Maybe even the dime, too.  A US quarter-dollar today is worth LESS than what a 'penny' was in 1930, and I can't help but notice that we did not have, nor need, any 1/25 cent coins back then.

Sun, 01/26/2014 - 20:35 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

Our pm purchases are all in cash and we wait until we have saved 5k to 10k to make the transaction. We gave up on the local bank which wanted to give us 20s for chrissakes! Now we walk into a bank in an affluent part of town and they don't bat an eye. This is chump change for their clientele and I've seen bills as you say handed out. We're shaking like leaves as we go to make our purchase because this represents months of austerity to achieve. I'm sure this is a afternoon shopping budget for the local trophy wives. They probably wouldn't pick up a twenty on the ground if it presented itself.

Miffed;-)

Sun, 01/26/2014 - 21:30 | Link to Comment Iam_Silverman
Iam_Silverman's picture

"We're shaking like leaves as we go to make our purchase because this represents months of austerity to achieve."

 

Two words - Concealed Carry.

If you haven't invested in a method to ensure you and your PM's safety, you might as well just leave your doors unlocked.  Always carry.  Always travel in pairs or a larger group if possible.  Wife remains in car (with armament in hand under coat) and friend or one son goes in with me to pick up "investments".  If your LCS (local coin shop) dealer doesn't know you, they may be a bit uncomfortable at first.  Always work with an appointment.

Mon, 01/27/2014 - 00:58 | Link to Comment laomei
laomei's picture

Better option: live in a place that isn't a fucking third world shithole?

Sun, 01/26/2014 - 16:21 | Link to Comment Katrillion
Katrillion's picture

Alles was nicht fest ist!

Sun, 01/26/2014 - 18:39 | Link to Comment unrulian
unrulian's picture

did i just see the same cat walk by twice?

Sun, 01/26/2014 - 17:07 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

This too shall pass... e.g. when the billionaires in Davos stop making "large withdrawals" from the banks, to pay for their "small deposits" during the Eyes Wide Shut parties.

Each Mover & Shaker needs money for snow, blow and ho.  What happens in Davos, stays in Davos.

Sun, 01/26/2014 - 17:40 | Link to Comment Skateboarder
Skateboarder's picture

Damn right Kirk, it's like going to Space Vegas. All the cash they withdrew probably amounts to what the rest of the six billion, nine hundred and ninety nine thousand, nine hundred of us use in a year. It's like putting two straws in a milkshake.

SLUURRRRP.

edit: damn, now I want a milkshake.

Sun, 01/26/2014 - 15:54 | Link to Comment akreitman
akreitman's picture

   Well WarriorClass, I thought I've seen crazy, but you've redefined crazy.     

Sun, 01/26/2014 - 16:13 | Link to Comment mvsjcl
mvsjcl's picture

Hardly crazy, just skewed.

Sun, 01/26/2014 - 16:14 | Link to Comment thatthingcanfly
thatthingcanfly's picture

Excellent rebuttal akreitman. You thoroughly refuted WarriorClass' central argument.

Sun, 01/26/2014 - 16:18 | Link to Comment Overfed
Overfed's picture

Crazy? Nah, just off topic.

Sun, 01/26/2014 - 17:45 | Link to Comment WarriorClass
WarriorClass's picture

Only slightly off topic.  The banksters have been putting it to us for a very long time.

Sun, 01/26/2014 - 16:37 | Link to Comment logicalman
logicalman's picture

I guess there was no one in North Amercia when the Europeans discovered it?

The white Europeans stole it, so it seems a little hypocritical to talk about immigration control, don't you think?

Sun, 01/26/2014 - 17:23 | Link to Comment Oldballplayer
Oldballplayer's picture

I did not steal shit.  I am not going to get worked up over what some English douche did to the Indians 400 years ago.

Give it a rest already.

Sun, 01/26/2014 - 18:11 | Link to Comment logicalman
logicalman's picture

Maybe you didn't, but you are living off the proceeds of the crime.

I think you should know that I'm an ex-Brit in Canada. I do think about it.

Countries are just fictions to enable the elite to carve the place up into smaller, easier to manage pieces and nothing more.

Sun, 01/26/2014 - 18:59 | Link to Comment Dugald
Dugald's picture

Ah but......The Sins of the Fathers....

Sun, 01/26/2014 - 20:30 | Link to Comment StychoKiller
StychoKiller's picture

Let's see what the chief has to say...

Sun, 01/26/2014 - 16:38 | Link to Comment Leonardo Fibonacci2
Leonardo Fibonacci2's picture

I told my private banking advisor at HSBC that it is for NUN YURS reasons:  NONE OF YOUR FUCKING BUSINESS

Sun, 01/26/2014 - 15:49 | Link to Comment So Close
So Close's picture

There is never just one cockroach.

Sun, 01/26/2014 - 16:25 | Link to Comment Sudden Debt
Sudden Debt's picture

NO SHIT!

I have a visa with BEOBANK and my visa is down for a over a week now!

I called them on friday to ask what the fuck is up because I need to pay my silver orders and all they said was "oh yeah, our servers are down and normally all should be fine by monday"!

BEOBANK is the former citybank visa in Europe.
And I just can't find anything on the internet about their server being down!

And I only found out after calling after a week!

Also, I exceeded a deposit on my traders account and half my funds from ING to keytrade are also on hold untill monday!
I supposedly exceed a wire limit, which i never had before and on a sidenote, all accounts have a possitive balance so there's no reason for them to block them!

Sun, 01/26/2014 - 15:59 | Link to Comment michael63636
michael63636's picture

I would think these assholes would just print more money.

Sun, 01/26/2014 - 17:06 | Link to Comment Pure Evil
Pure Evil's picture

They're working on it, but in the mean time how do you convince those damn Wiemar Germans?

Sun, 01/26/2014 - 17:11 | Link to Comment Renewable Life
Renewable Life's picture

It's not "coming down" just yet, but shit is starting to rumble a little around the foundation of this farce known as globalization!!!

I would say what we are seeing right now, is the microphone check at the big show! The Big Euro banks are going......"testing, testing, 1234, microphone check 1..2". They have massive exposure in China's shadow system, but what's even more stress for them right now is Turkey!!! No one saw that one coming, and it's big!

Cyprus will seem civilized, if the big 10 of Euro banks, start to crumble!!

Sun, 01/26/2014 - 19:40 | Link to Comment Ban KKiller
Ban KKiller's picture

And another view point...

 

http://www.youtube.com/watch?v=HY3NQUoT89k

 

Sun, 01/26/2014 - 15:47 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Calm down, it's just a technical glitch. Banks are fine.

Sun, 01/26/2014 - 15:50 | Link to Comment fonestar
fonestar's picture

Probably just some advanced Iranian hacker groups.

Bombs away and print some moar!

Sun, 01/26/2014 - 16:01 | Link to Comment CPL
CPL's picture

Bank of Scotland is down.  Probably the IMF looting the pensions and savings accounts just like Cyprus.

http://downdetector.co.uk/problems/bank-of-scotland

Sun, 01/26/2014 - 16:02 | Link to Comment fonestar
fonestar's picture

Is this that special weekend we've been hearing about from Paul Craig Roberts et al for the past three years or so?

Sun, 01/26/2014 - 16:11 | Link to Comment Winston Churchill
Winston Churchill's picture

No, that will be the entire western world at once.

Another test run.They are almost ready.

Nobody has mentioned the obvious:

Which bank has the biggest gold holding ,and might now need to raise

cash in a hurry.

Look at the big picture.

Sun, 01/26/2014 - 16:32 | Link to Comment Skateboarder
Skateboarder's picture

TPTB love test runs. This is just another test run. Gauge response, collect datapoints, create analysis of scaled implementations. Y'know, standard stuff.

The big monty will be all at once for sure. Bam! Corporate media will guide you to your new future.

Sun, 01/26/2014 - 18:21 | Link to Comment Bunga Bunga
Bunga Bunga's picture

First test for Yellen. On a weekend!

Sun, 01/26/2014 - 16:42 | Link to Comment Fuh Querada
Fuh Querada's picture

and who is the serial downvote fucker on this and other threads? A robot?

Sun, 01/26/2014 - 18:29 | Link to Comment akak
akak's picture

Well, speaking of robots/trollbots, AnAnonymous has recently returned, so .....

Sun, 01/26/2014 - 21:45 | Link to Comment Iam_Silverman
Iam_Silverman's picture

"AnAnonymous has recently returned"

Because Chinese Citizenism is not always for happily blobbing-up of bank happenings.  Many blobbing up are product of happy productive worker using superior Chinese electronic product for bank business and secret programming to cause concern for cover while honorable Chinese citizenism worker to free islands from unhappiness of evil Japanese overlord.  Keep eye on no money for blobbing up of news report!  Nothing to see in happy Chinese citizen state of South China Sea.  Many happy new citizenisms to be added soon.

Sun, 01/26/2014 - 21:47 | Link to Comment akak
akak's picture

You have sagaciously bitten the crustist bit of the nib of the mattering thing with dangdang double lucky vigor upping to the heavens of propitious horsey new year in lunar mode.

Sun, 01/26/2014 - 22:01 | Link to Comment Iam_Silverman
Iam_Silverman's picture

In time - all things are mattering.

One must watch the rising sun to the left to see the stars creep up over the horizon on the right.

Sun, 01/26/2014 - 15:46 | Link to Comment TBT or not TBT
TBT or not TBT's picture

These aren't the insolvent banks you are looking for. Move along.

Sun, 01/26/2014 - 16:26 | Link to Comment akak
akak's picture

I find your lack of faith in the financial system ... disturbing.

Sun, 01/26/2014 - 16:37 | Link to Comment unrulian
unrulian's picture

Strong is Fiat. Mind what you have learned. Save you it can.

Sun, 01/26/2014 - 16:41 | Link to Comment akak
akak's picture

Being junked by bankster trolls we are.

Strong in The Farce are they.

Sun, 01/26/2014 - 17:10 | Link to Comment Conax
Conax's picture

I've been greening the ones that are just arbitrarily junked, to teach the junkmeister that he has no power here.

Sun, 01/26/2014 - 16:46 | Link to Comment Poor Grogman
Poor Grogman's picture

I find the financial system ... disturbing.

Sun, 01/26/2014 - 15:47 | Link to Comment ebworthen
ebworthen's picture

Get your cash out of the banks people!

Now the Brits know why they aren't allowed to possess firearms; so they can't protect their money or their lives.

It makes people dependent upon the banks and the police forces they control along with the lackey politicians.

Sun, 01/26/2014 - 15:50 | Link to Comment Crash Overide
Crash Overide's picture

Someone once told me shiny metal is good to have in times like this.

Sun, 01/26/2014 - 16:43 | Link to Comment giggler321
giggler321's picture

I've got a ball of solder, it's pretty shiny...

Sun, 01/26/2014 - 16:59 | Link to Comment U4 eee aaa
U4 eee aaa's picture

aluminum foil. Also makes good hats. Shiny side out

Sun, 01/26/2014 - 18:15 | Link to Comment logicalman
logicalman's picture

Dependence is one of the key things government tries to achieve - dependents rarely fight back.

Sun, 01/26/2014 - 21:48 | Link to Comment jonjon831983
jonjon831983's picture

"Hand guns should be legalised and licensed, Nigel Farage has said"

http://www.telegraph.co.uk/news/politics/ukip/10595087/Hand-guns-should-...

Sun, 01/26/2014 - 15:51 | Link to Comment wmbz
wmbz's picture

I do not have and have never had an ATM or debit card. I carry cash and an American Express. Most folks are well trained in the use of plastic cards, but when the power goes out or there is a "glitch" good luck with the plastic. It's a good idea in my opinion to keep a few thousand in cash on hand just in case.

Sun, 01/26/2014 - 15:55 | Link to Comment fonestar
fonestar's picture

I thought about that philosophy myself but then decided against it... in the wrong situation those thousands of paper dollars are all going to be competing against one another in very dangerous places (like gas stations and Walmart).  Best just to have your preps and food stores before hand and let the sheeple shoot it out.

Sun, 01/26/2014 - 16:23 | Link to Comment smlbizman
smlbizman's picture

say it fone...say it....u probably are shaking and sweating....say it...b_t__i_s.....

Sun, 01/26/2014 - 18:17 | Link to Comment fonestar
fonestar's picture

That's right, I will be greedily counting my Bitcoin while you engage the Walmart indians in a death match for such essentials as plasma screen TVs and the latest Air Jordans.  Fine by me.

Sun, 01/26/2014 - 16:44 | Link to Comment JimS
JimS's picture

Sorry, Pornstar, that's when you carry your Kimber .45 inside your waistband. There, fixed it for you.

Sun, 01/26/2014 - 17:27 | Link to Comment Sabibaby
Sabibaby's picture

You'll be in trouble with your .45, gonna need more ammo if you're going to Walmart. 

Sun, 01/26/2014 - 18:28 | Link to Comment jimmytorpedo
jimmytorpedo's picture

I love my Kimber.

I also love my 686.

and my 870 express

and my .250 savage

and my 10/22

and my STI's

and my,..

Sun, 01/26/2014 - 15:52 | Link to Comment GrinandBearit
GrinandBearit's picture

Could be very significant, or it could be a coincidental glitch.

We'll see.

Sun, 01/26/2014 - 16:03 | Link to Comment CPL
CPL's picture

Might want to get a couple of bucks out for the meanwhile.

Mon, 01/27/2014 - 02:29 | Link to Comment Oh regional Indian
Oh regional Indian's picture

A-greed..... see what I did there?

Mean while can be really mean and last a long while.

Perhaps leave a couple of bucks in and git...

ori

Sun, 01/26/2014 - 15:55 | Link to Comment Pretorian
Pretorian's picture

There is no money in UK banks. All deposits have been gambled on speculative bets somewhere in the world.

Sun, 01/26/2014 - 16:14 | Link to Comment I am Jobe
I am Jobe's picture

Agreed. They put on better lipstick than Amerika. 

Sun, 01/26/2014 - 16:17 | Link to Comment The Old Man
The Old Man's picture

Third World=Emerging Markets.

Sun, 01/26/2014 - 16:41 | Link to Comment JimS
JimS's picture

Probably went long S&P 500 contracts @1849.44 on 12/31/2013. OOPS! Wrong move, at wrong time. No sweat, will get bailed out in less than 24 hours. Move along, nothing to see here.

Sun, 01/26/2014 - 15:58 | Link to Comment q99x2
q99x2's picture

BRB

Bank Run Bitchez

Why use banks when you can use Bitcoin.

Sun, 01/26/2014 - 16:01 | Link to Comment fonestar
fonestar's picture

Exactly, incidentally... in an economic collapse of significant size you may run into problems accessing the internet, spending your Bitcoin.  But I do believe that those routes and access will be re-established and people should also be thinking about what to do after the economic collapse.

Sun, 01/26/2014 - 15:58 | Link to Comment JLee2027
JLee2027's picture

Flashpoint.

Sun, 01/26/2014 - 16:01 | Link to Comment The Gooch
The Gooch's picture

Gut says the next few weeks are going to get REAL interesting.

 

Sun, 01/26/2014 - 16:03 | Link to Comment salvadordaly
salvadordaly's picture

My thoughts exactly. I live near a air force base and the war birds have been going crazy today! Just seems wierd, not normal.

Sun, 01/26/2014 - 16:28 | Link to Comment The Gooch
The Gooch's picture

Side note: Don't leave home without it.

 

Sun, 01/26/2014 - 16:07 | Link to Comment Lore
Lore's picture

Re: "This has IMPACTED all Lloyds Banking Group Brands." 

Call me a traditionalist, but I find 'impact' awkward and grating when used as a verb.  It implies a violent incident: "The planes IMPACTED the towers."  Now try this:  

"This has AFFECTED all Lloyds Banking Group Brands." 

Better yet, eliminate the redundant particle:

"This AFFECTED all Lloyds Banking Group Brands." 

Much better!  Commence downvoting and glib "Language Nazi" replies.

Sun, 01/26/2014 - 16:28 | Link to Comment akak
akak's picture

If you find "impact" used as a verb to be grating and awkward, how about the clueless recent trend of (mis)using the word "issue" to mean "problem" and not "topic"?

No, one does NOT have "issues", one has "problems".

Sun, 01/26/2014 - 17:20 | Link to Comment DutchR
DutchR's picture

There are NO "problems" just situations.

 

According to Gunnery Sergeant Joda

 

*edit, damn my dutch is bad, lol

Sun, 01/26/2014 - 17:50 | Link to Comment smacker
smacker's picture

Not all issues are problems.

Sun, 01/26/2014 - 20:36 | Link to Comment StychoKiller
StychoKiller's picture

"Bah, verbogeny is one of many pleasurettes afforded a creatific thinkerizer."

Sun, 01/26/2014 - 21:49 | Link to Comment Iam_Silverman
Iam_Silverman's picture

"If you find "impact" used as a verb to be grating and awkward, how about the clueless recent trend of (mis)using the word "issue" to mean "problem" and not "topic"?"

 

OK, since we're airing our gripes, here's mine:

 

Can one really go missing?

 

Oh, and here is a really, really awkward "impact".

Sun, 01/26/2014 - 22:06 | Link to Comment akak
akak's picture

"I could care less."

Sun, 01/26/2014 - 18:48 | Link to Comment NuYawkFrankie
NuYawkFrankie's picture

The effect of your affectations affect your effectivness.

Mon, 01/27/2014 - 03:40 | Link to Comment Lore
Lore's picture

NICE.

Sun, 01/26/2014 - 16:06 | Link to Comment hugovanderbubble
hugovanderbubble's picture

Standard Life, Involved in Fraud (Asset Liabilities Mismatch)

Sun, 01/26/2014 - 16:11 | Link to Comment BigRedRider
BigRedRider's picture

IT'S MY MONEY AND I WANT IT NOW!!!!

Sun, 01/26/2014 - 16:23 | Link to Comment akak
akak's picture

Call Lloyds Bank, London, 877-FUCK-YOU.

Sun, 01/26/2014 - 17:21 | Link to Comment GumbyMe
GumbyMe's picture

I thought all the banks used 800-FUCK-OFF?

Sun, 01/26/2014 - 22:13 | Link to Comment DYS
DYS's picture

Actually, if you understood how banking really works, once you make a deposit it is no longer YOUR money.   That is why they can loan it out to other customers.    When you make a deposit you are given a reciept for the cash you deposited, but the money is not yours anymore, it is the banks.

 

Sorry to break it to you.

Sun, 01/26/2014 - 16:10 | Link to Comment AUELOX
AUELOX's picture

Good to know that CEO Paul Pester is "working hard with his team" to fix the problem!  Right!

Sun, 01/26/2014 - 18:24 | Link to Comment nonclaim
nonclaim's picture

Paul Pester is pestering all his bank depositors.

Sun, 01/26/2014 - 16:11 | Link to Comment hugovanderbubble
hugovanderbubble's picture

Australian Banks = SELL

Indonesian Banks = SELL

Sun, 01/26/2014 - 16:13 | Link to Comment I am Jobe
I am Jobe's picture

WinXp? maybe 

Sun, 01/26/2014 - 16:15 | Link to Comment thatthingcanfly
thatthingcanfly's picture

Anybody wanna place bets on which direction gold and silver are heading this week?

 

Sun, 01/26/2014 - 17:27 | Link to Comment DutchR
DutchR's picture

I'm looking at them right now, and my bet is, they are not moving an inch. (unless i like to fondle them, again)

Sun, 01/26/2014 - 19:05 | Link to Comment thatthingcanfly
thatthingcanfly's picture

After the past 18 months, I wouldn't be surprised if they dropped in nominal dollar value.

Of course, I could dive to the bottom of that lake where I lost mine in a boating accident and make them come up again...

Sun, 01/26/2014 - 19:14 | Link to Comment DutchR
DutchR's picture

Scuba gear +1

Sun, 01/26/2014 - 16:16 | Link to Comment ms8172
ms8172's picture

It is starting to crumble!!!

 

Sun, 01/26/2014 - 16:20 | Link to Comment akak
akak's picture

LOL, and they thought that Skynet would seize control of the military first ....

Sun, 01/26/2014 - 16:25 | Link to Comment I am Jobe
I am Jobe's picture

To think the Brits ruled the world once upon a time and now they are fucking broke and pretending. Will be Thrid World in the UK, no more fucking Tea and Crumpets

 

Sun, 01/26/2014 - 17:12 | Link to Comment Pure Evil
Pure Evil's picture

Why do you think they have an open borders policy. When you act like a third world it helps to look like a third world.

What next? Open pits where everyone takes a dump in the great outdoors?

Sun, 01/26/2014 - 19:54 | Link to Comment Pressfiretostart
Pressfiretostart's picture

Your 'avin a Barclays, mate.

Sun, 01/26/2014 - 16:24 | Link to Comment I am Jobe
I am Jobe's picture

 

 

Americans Will Have To Step Up In The Treasury Bond Market And There's Only One Way To Get Them To Buy

Read more: http://soberlook.com/2014/01/feds-taper-and-weaker-foreign.html#ixzz2rXQWiGGS

Sun, 01/26/2014 - 16:26 | Link to Comment Debeachesand Je...
Debeachesand Jerseyshores's picture

To the Board of Directories of all Western Banks.

 

"If you want your BailIn,you can have your BailIn".

 

Just wait until after the 2016 Presidental Elections and let HillBilly face the ShitStorm.

 

Thank You BHO.

Sun, 01/26/2014 - 16:27 | Link to Comment mr.n3utr0n
mr.n3utr0n's picture

Your bank accounts are belong to us.

Sun, 01/26/2014 - 16:34 | Link to Comment The Gooch
The Gooch's picture

All.

Sun, 01/26/2014 - 16:28 | Link to Comment IridiumRebel
IridiumRebel's picture

Mmmkay! Yeah, I'd go get the rest of my shite out if I were you. I'm sure this is just a little co-inkydink..../s

Sun, 01/26/2014 - 16:36 | Link to Comment Heroic Couplet
Heroic Couplet's picture

bank run decided over a shrimp cocktail at Davos? LOL State Bank of North Dakota, butches.

Sun, 01/26/2014 - 16:41 | Link to Comment valkir
valkir's picture

I have  9$ in my account.I wonder,if i go tomorrow morning

and ask to witdraw it,will teller give me one 6 and one 3 dollar bill?

 

Sun, 01/26/2014 - 17:10 | Link to Comment Mi Naem
Mi Naem's picture

"one 3 dollar bill?"

I understand that those are quite rare - you should be glad to have it. 

On the other hand, I've got a bunch of 6's that I've been getting in change at the video arcade. 

.

BTW, it looks like someone's back to going through all the posts and down arrowing everything. 

Nya, Nya, ya missed me!

Sun, 01/26/2014 - 18:44 | Link to Comment Mi Naem
Mi Naem's picture

Doh!

Sun, 01/26/2014 - 17:22 | Link to Comment El Vaquero
El Vaquero's picture

Your bank stocks Queer Reserve Notes?

Sun, 01/26/2014 - 17:25 | Link to Comment Oldballplayer
Oldballplayer's picture

I find that comment, well....queer.

Sun, 01/26/2014 - 17:58 | Link to Comment DutchR
Sun, 01/26/2014 - 17:57 | Link to Comment Clowns on Acid
Clowns on Acid's picture

Yeh it's a "glitch"..... it's called the "Cyprus Glitch".....

Sun, 01/26/2014 - 18:30 | Link to Comment DutchR
DutchR's picture

Damn, I just up-arrowed this this thread (yes all of you) but that is hard work.

 

Repsect for the down bot

 

 

edit,   thanks /s

Sun, 01/26/2014 - 18:25 | Link to Comment esum
esum's picture

glitch   as in   we aint got no cash

Sun, 01/26/2014 - 18:37 | Link to Comment Peter Pan
Peter Pan's picture

The only ATM that has never stopped working is the one used by big banks at the FED.

Sun, 01/26/2014 - 19:05 | Link to Comment Millivanilli
Millivanilli's picture

 

China Halts Bank Cash Transfers

In short, there will be a three-day suspension of domestic renminbi transfers. There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency.

The specific reason given—“system maintenance” at the central bank—is preposterous.  It is not credible that during the highest usage period in the year—the weeklong Lunar New Year holiday beginning January 31—the central bank would schedule an upgrade and shut down cash transfers. 

A better explanation is that the country’s banking system is running dry.  Yes, there is an increased need for money in the run-up to and during the Lunar New Year holiday, but that is only a small factor.  After all, central bank officials knew this spike in demand was coming—it occurs every year at this time—and a core function of central banks is to manage seasonal liquidity fluctuations.  Moreover, the holiday has not started yet, and the PBOC, as that institution is known, could have added more liquidity to meet cash needs.

So what’s really going on?  This crunch follows similar incidents in June and December of last year.  In June, for instance, the central bank used the excuseof a “system upgrade” to allow banks to shut down their ATMs and online banking platforms.  As a result, they conserved cash and thereby avoided a nationwide meltdown. 

http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash...
Sun, 01/26/2014 - 21:24 | Link to Comment laomei
laomei's picture

Again, lol gordon chang

Sun, 01/26/2014 - 19:11 | Link to Comment El Hosel
El Hosel's picture

How much is a pile of cash worth when nobody can get any cash? Two piles? Supply and demand anybody?

Sun, 01/26/2014 - 19:17 | Link to Comment El Hosel
El Hosel's picture

How Classic that the shite is hitting while the Davos Botox Club Orgy is in progress.

Sun, 01/26/2014 - 19:57 | Link to Comment hairball48
hairball48's picture

My last quarterly checking account bank statement informed me that I earned $.09 "interest" for the quarter LOLOL!! Now, I only keep enough in there to pay my modest monthly bills, so I don't give a shit about interest paid. 

But why would anyone(you guys and gals here on ZH?) with a substantial amount of cash, keep it in a bank?

 

Hairball, the redneck

Sun, 01/26/2014 - 20:35 | Link to Comment laomei
laomei's picture

1st: gordon chang... lol

2nd: This was announced LONG in advance

Sun, 01/26/2014 - 20:24 | Link to Comment unununium
unununium's picture

You didn't ask where it came from when I put it in.  Whe the hell should I tell you where it's going when I take it out?

Sun, 01/26/2014 - 20:31 | Link to Comment TheAnswerIs42
TheAnswerIs42's picture

There is no problem with moving CASH within the system.

Just wire transfer ANY amount to your favorite PM dealer.

Works for me...

 

Sun, 01/26/2014 - 21:00 | Link to Comment Westcoastliberal
Westcoastliberal's picture

Could this be related? http://www.marketwatch.com/story/china-halts-transfers-at-citi-other-ban...

Smells to me like the TBTF central banks are cash-poor.

Sun, 01/26/2014 - 21:32 | Link to Comment jonjon831983
jonjon831983's picture

Remember the fun massive outage with RBS/NatWest in 2012?  That was ouch.

 

Apparently, they had a couple in 2013, including one during cyber monday 2013.

ouch.

Sun, 01/26/2014 - 21:54 | Link to Comment Judge Crater
Judge Crater's picture

With the world economies in a state of permanent decline, why shouldn't some credit cards also be declined? Still, what happens when the Big Boss in Beijing tells Obama his U.S. Treasury credit card is declined?  That will be interesting.

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