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Russian Bank Halts All Cash Withdrawals
It would appear the fears of a global bank run are spreading. From HSBC's limiting large cash withdrawals (for your own good) to Lloyds ATMs going down, Bloomberg reports that 'My Bank' - one of Russia's top 200 lenders by assets - has introduced a complete ban on cash withdrawals until next week. While the Ruble has been losing ground rapidly recently, we suspect few have been expecting bank runs in Russia. Russia sovereign CDS had recently weakned to 4-month wides at 192bps.
Via Bloomberg,
Lender has introduced complete ban on cash withdrawals until end of week, news agency reports, citing unidentified person in call center.
Bank spokeswoman declined to comment by phone
My Bank is top 200 lender by assets: Prime
NOTE: Central bank has revoked about 30 banking licenses since July 1 when Elvira Nabiullina succeeded Sergei Ignatiev as governor, compared with three in the firt half of the year
Interestingly, Russia's biggest lender Sberbank has seen a 8.7% rise in deposits in December... it seems the Russian's are realizing that bank deposits are nothing more than risky loans to highly levered entities...
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If they were slapped with handcuff's instead of fines I wouldn't care where the news came (I read all sides). But Well's Fargo is the bailed out Buffoon's bank Obama probably made a back room deal with Uncle Warren like he did with the healthcare insurers.
The headline for that story (below).
Wells Fargo Slapped With $3.1 Million Fine For 'Reprehensible' Handling Of One MortgageI think it's kind of a joke we all know the fines are passed off to shareholders/customers.
And how much of that do they really pay of those fines anyway?
These slimy cocksuckers have even innovated ways to fuck people on these ghastly "reverse mortgages".
Somehow they fuck around with reverse escrows and wind up force placing super expensive insurance on typically elderly people.
It's truly sickening.
Probably designed by the same sick fucks who sold Kirby vacuums to dementia patients, year after year.
pods
Now that was funny as fuck.
Excellent advice. I had my mortgage with Wells along with other accounts. Wells fucked me big time on a small business merchant account. Nothing but lies and misrepresentation. Got sick of it. Closed everything down and then went to a different bank and new mortgage. FUCK WELLS FARGO. Cold day in hell I will ever deal with those scumbags again
I'd have a lawyer send greetings to the lender with the next payment.
+1
For... sound advice.
But I would add, get a lawyer whom has never represented the banks in these type foreclosure proceedings.
A good point indeed.
On the other hand, a lawyer who HAS will know what rocks to turn over. And this is such a nakedly transparent scam, it should only take a couple phone calls from an attorney to get it sorted. Enough time to get the mortgage to a local lender. Assuming, of course, the homeowner has the equity and credit score to do so.
Yes, a lawyer that represents the banks concurrently knows what rocks to turn over, usually because he's pushing a wheelbarrow full of 'em. If he derives a significant portion of his annual income from that representation, well... let's just say that your advocacy might be a little less than enthusiastic. After all, if he gets too carried away fighting for your rights, this one time, it might cut into his income from that other source, which is ongoing...
I actually wouldn't worry too terribly much about this. While there are lawyers who take the odd foreclosure here and there, for the most part, the law firms that banks use are foreclosure mills. This hasn't hit the news, but it is the same way with foreclosures as it is with general debt collection. Most lawyers don't touch this shit. What you want is an attorney who specializes in defending against foreclosures. Look up consumer attorneys in your area, because if they cannot help, they should be able to point you to who can.
Just my opinion, but if you're looking up attorneys in the yellow pages... it's a crapshoot.
No argument there. Too many attorneys went into the profession for the money. It can be a noble profession, but there are too many cocksuckers practicing the trade these days. If RobD were in my neck of the woods, I would have two recommendations for him based on the results they get, and the fact that they're human beings rather than greedy nematode cocksuckers that we associate with lawyers.
But like I say, at the very least, I would look up consumer attorneys.
Perhaps ask the 'lender' to provide evidence of any 'loss'. Given they created from fuck all.
That is called the discovery process, and in that process, you ask them to provide every single last detail of their case that you violated the terms of the agreement. Use that process wisely, and it puts them on a deadline for proving their case. It is also fun to see bullshit objections to your discovery requests. Most people want to hide from the evidence, when the proper response is "Alright, I'm going to make you prove your case down to every last minor detail."
The bankers have hijacked the judicial process. Some, but not all of the circuit courts have gotten their marching orders. Plaintiffs often move under state statute to foreclose or whatever; then just ignore discovery requests. Then the cases just languish on the docket for a while until the circuit judge pushes it along sua sponte. Rather than dismiss the case outright, for want of prosecution, they docket for summary judgment. Even if a motion to compel is filed, they just file a motion for protective order. (Citing "proprietary trade secrets" lol) Discovery be damned.
I will not dispute that some state's court systems are worse than others, but part of winning a case is using everything the other side does against itself. They cite proprietary trade secrets, you argue against it. If you lose, you file a motion in liminey to exclude that which is related to their proprietary trade secrets. The banks like to claim that their record keeping practices are proprietary when it suits their purposes. Either find some case law for the specific bank where they ponied up the information on their record keeping practices (this would open the bank up to sanctions for decieving the court, and likely open the law firm representing the bank up to an FDCPA lawsuit,) or claim that their records lack foundation to be brought in under the records of regularly conducted activity exception to the hearsay rule. That would likely work in my state, and it would likely fail in Texas. (An appelate judge in TX claimed that a third party could use Citibank's records because it would be illegal for the bank to keep bad records, and everybody "knows" that banks keep good records.)
Hopefully the guy who kicked off this thread is reading some of this. Most people don't have the stomach or pocketbook for this. The mill attorneys don't really care because they get payed by the banks, win, lose or draw. I've seen this one more than once: Judge sets summary judgment TRIAL sua sponte despite outstanding discovery; the "deadbeat" shows up with counsel and the bank lawyers pull a "no-show". The puppet judge has no discretion but dismis without prejudice in favor of the deadbeat.
The next business day, ANOTHER mill for the bank is let loose and orders copies of all filings in the case. Next thing you know (weeks later) the first mill claims they simply forgot about the SJ and claims "excusable neglect". This gets explained to the judge that foreclosure mill A hired foreclosure mill B to defend the "excusable neglect" crap BEFORE they claimed to even know about it...all in a sworn affidavit.
The judge does not give a fuck, reopens the case, and dockets another SJ trial, still choosing to ignore outstanding discovery. So, a lot of times, it's simply money down the drain becuase the judge does not even abide by civpro.
Can you tell I'm snowed in and bored stiff? Fuck it. I'm having a beer.
It wasn't a foreclosure, but they didn't outlast me. Most people don't even try to fight back, and most of those who do cannot afford an attorney and don't know how the court system works. They'll outlast those people. What they don't like is somebody who knows the rules of civil procedure, uses them, and expects them to do the same. FWIW, this varies widely from court system to court system, so YMMV.
+1
For...
What they don't like is somebody who knows the rules of civil procedure, uses them, and expects them to do the same. -- El Vaquero
Just thought this line needed a little emphasis.
As somebody who has been sued by a bank, I'm going to offer you some advice. Document the motherfucking fuck out of this. If you live in a one party state, record every single phone conversation. Every letter you send, you send a copy of the original, keep the original and send the letter certified mail, return reciept requested. Keep a log of specific actions you and they have taken with names, dates, etc... Do not trust the fuckers. Plan on having better evidence than they do should they decide to foreclose on you. If you offered to pay and they refused, they shouldn't be able to win, but you have to come in loaded for bear when it comes to kicking their asses.
If you live in a one party state, record every single phone conversation. -- El Vaquero
For those other states, purchase an old answering machine that stores its messages on tape. Use it to record those conversations. Transcribe all the conversations and place the tapes in secure storage. If it ever comes down to it, to prove the truth of the matter asserted (he said / she said), an inadvertent recording made by the answering machine might be admissible...
In any case, if you are warned during any telephone conversation that a recording is being made, for any purpose or reason, you too should be recording...
Hrmmmm, interesting idea, but I would be worried about pressure being put upon you for violating the dreaded wire tapping laws in some states. I agree on the idea of recording if they say they are. Short of recording in a two party state, at least take notes while the conversation is occurring. That might very well may be admissible, because you're talking about an admission by a party-opponent, not hearsay.
I think in general, the point being is you want details. Names, dates, persons' names, contents of communications, actions taken by you and the bank, etc... You want the complete story of what happened, and you do not want JPM to be the sole arbiter of what was done and said. Most states have some sort of consumer protection laws, and if JPM violates them, and they foreclose (assuming a judicial foreclosure state,) your response could include counter claims. My philosophy is, why defend when you can hit back? Make them put their tails between their legs and run yelping off into the night.
+1
We agree...
You want the complete story of what happened, and you do not want JPM to be the sole arbiter of what was done and said. -- El Vaquero
Esp. as to the desired result...
Make them put their tails between their legs and run yelping off into the night. -- El Vaquero
And if you're worried about two party states, you can always announce that you're recording the conversation. If they object, simply end the conversation and request that all further communications be written.
RobD
Forgive my poor choice of words and the cliche nature of it -But "I feel your pain"
This is the same sort of shit that happened to me when Bank of America bought out Charlotte's FMCA Bank in 2006. Paid off my credit card through that bank on time every month, but it all changed when BofA took over.
Three months into the buy out, I sent in my payment for the credit card as per usual and noticed my account wasn't debited for the payment amount I had sent them. Called my credit union to trace the transaction only to find out that Bank of America (higher standards) had initiated the withdrawal from my account and for some unknown reason stopped the transaction.
To make a long story short BofA said they never received the check and that I was delinquent on my payment which would require a new check with interest penalties on top! To make matters even worse my credit union would not go to bat for me because "higher standards" was too big for them to mess with. They said the best course of action for me was to pay the extortion and move along!
I also lost all of my AMEX points because of this dispute with terms and conditions under the original agreement with FMCA that were now no longer honored because of their acquisition under BofA.
Needless to say I didn't pay the extortion and neither should you!
Good Luck
I hate that attitude. (Not yours, the CU's) But but but THEY'RE BIG! They must keep good records and be able to hire good attorneys! Fuck that shit. Fight, motherfuckers. Go in there with teeth bared and claws extended to kick their fucking asses. In my state, you could have sued BofA for Unfair Trade Practices.
Go in there with teeth bared and claws extended to kick their fucking asses.
And this is how you change it for the better. At this point your words unfortunately are a piece of fiction.
As I've said many times before I lost faith after the "official" '9/11 Commission Report' came out and when we saw the thumbs up pictures of our GIs torturing innocent people.
12 years later???...
I've been through my state's court records in excruciating detail. Most people flat out roll over and take it up the tail pipe. In my district courts (not small claims, but the full blown trial court level,) ~70% of the civil cases are debt related. While people are more willing to fight over foreclosure than, say credit card debt, there are an awfully high number of default judgments. Not counting the cases where the courts dismiss CC cases for a lack of prosecution (1 attorney in this particular line of work might file 300 cases per fucking month,) something like 90% or 95% of the cases are either default judgments or stipulated judgments (basically a guilty plea in civil court.) Most of this shit never even comes before the judges, and often when it does, the people are too poor to afford an attorney, don't know how to find one who will take the case pro bono, and don't know shit from shinola when it comes to making their way through the court system and end up fucking themselves over. They think that if they just come in and state that they "tried to do the right thing" or tell their sob story, that it'll all work out in the end. That is wrong. The law is very clear. Use of the card constitutes acceptance of the terms, and your sob story is irrelevant. Same way with foreclosures. The law is clear. (But the records aren't always clear;)
This shit gets even dirtier when you consider that banks will sell debt to third parties, aka junk debt buyers. These cocksuckers are scum of the earth, but, oddly enough, in most states (not necessarily Texas) are easier to beat in court if you follow the rules. I know one fellow who actually went into the court room on the day of trial and said "Your honor, I'm going to speed things up and not waste the court's time. I 100% owe this debt, just not to the plaintiff." He won. Then he sued the law firm and the junk debt buyers. And won. But he is 1 in 10,000. People like him are just part of the cost of doing business for these fuckers.
Yep. All excellent information on the backs of those 'that have been there and done that"...
I didn't actually finish the complete story.
When I contested the illegitimate interest penalties charges with BofA, they held it against my credit report for 6 years. The original interest fee which was no more than $49.00 in 6 years time that $49.00 charge went to $1,000 with collection agencies hounding me every month during that those 6 years. I shit you not!!!
Here' is the silver lining to this sordid shit tale. As of December last year presto/changeo ALL GONE. Wiped off my credit report completely and the only thing I did was wade them out. They knew they weren't going to get any money from me and knew my credit report everyplace else was without blemish. Had I taken up the offer to pay the extortion fee I really would have been screwed to death.
Experian, Equifax, TransUnion... Who controls them anyway?... Letter after letter to all 3 including the BBB which took months for a response and they all came to the same conclusion. Wasn't anything they could do for me so take your medicine and be a good little boy. Sit down and shut up!!!
The only lesson anyone needs to take away from my experience?
Let them fuck with you all they want because they can and will anyway. Live within your means -No matter what! Credit is the root of all evil if you can't manage it properly.
Credit is evil often even when you do manage it properly. As for credit reporting agencies, I have gotten results by sending them certified court documents stating that I kicked the crap out of a bank in court. It is a simple statement that tells them "this might be that 1 out of 1000 who actually will sue us."
The UK farmer had a dispute with a bank, his response being to empty a muck spreader onto the walls of the bank. Fined by Court, and then he did it again, pig muck. Jailed this time for a while. The farmer released from jail, and dammed if he didnt put the tractor into top gear and blasted the bank again. The Bank settled on farmers terms
This eye-opening opinion from Judge Arthur M. Schack of Kings County, New York in Deutsche Bank Nat. Trust Co. v Harris (Feb. 5, 2008 - Index No. 39192/2007) begs the question: In today’s fraud based economy; is a non-performing loan somehow more “valuable” than a performing loan?
Answer: YES
“Further, the Court requires an explanation from an officer of plaintiff DEUTSCHE BANK as to why, in the middle of our national sub-prime mortgage crisis, DEUTSCHE BANK would purchase a non-performing loan from [bankrupt and now dissolved] INDYMAC….”
Time machine set to "early next week". Guess what?
Keep putting your hard-earned currency into the system sheep. You could trust the banks to do the right thing.
Guys, you should act as responsible citizens and keep enough on your account so when bankruns start somewhere, you'll have something to withdraw posthaste. Only way to get sheeple to react is to let them smell panic.
new exec orders today will have in part a section of retirement security which will include buying of treasuries.
Eh, hype. "top 200"... if it was like "top 5" that would mean something, "top 200" is really scraping the bottom of the barrel trying to find significance. And this is citing "unidentified person in call center" as a source, so who the fuck knows.
Too the twitter feed!.....
Ah, so the collapse is gonna start in Russia now? I didn't see that one coming.
This is like waiting for water to boil.
or frogs
Superheated water: just introduce a nucleation site, and the whole vessel explodes.
Blood is thicker than water, the bankers all round are boiling at this point.
I own a bank called "My Mattress Bank" It never asks me why I need my money.
I need moar mattresses
Years ago while living in Philly(don't ask) there was a blurb about a 'poor' old guy that passed away, living in a spartan apartment, barely any belongings, etc. Everyone thought he was poor as dirt. Family donated everything to Goodwill and when they were cleaning the old guy's mattress they found it stuffed with bills. Can't remember exactly how much but it was in the 6 figures.
Good, but not as good as the guy in Vegas that died and turned out to be holding something like $7M in AU, which went to a sole heir that'd never met him.
http://www.lasvegassun.com/news/2012/sep/16/gold-worth-7-million-found-h...
Yeah, I remember that. Oh to have that much metal lying around. That would have been one helluva boating accident...
I'm sure the UK, Chinese and now Russian bank run fears are just coincidental. Keep withdrawing my friends.
And stay thirsty.
"Hello, Ms. Yellen, this is Houston, we have a problem".
Problem? This shits been over since 1913 & the following:
We are "Governed" into a Political, Educational, Religious & Economic UNITED STATES, CORP based on contract law which is based on Criminal Fraud, deceit & illusion.
The Private Corp UNITED STATES, CORP uses the cover of being a functional Government when in reality they are not. Much like the Criminal Federal Reserve uses The "Federal" in their name & use it as cover to give the illusion that they are a branch of the US Government when they are not.
Through bankruptcies, Criminal Contract Fraud & deceit the Charlatans have incrementally incorporated the US as well as your souls (birth cert) which are securitized via the Criminal Federal Reserve through to the IMF.
They're functioning off corporate version of the THE CONSTITUTION. It's the reason why The Global Criminal Oligarch Cabal Bankster Intelligence Crime Syndicate continues to lie, cheat, deceit, rape & pillage with impunity.
The only power the have over you is with CONSENT (Black Law's Dictionary). Pay no Taxes. Peaceful Non-Participation, Non-Compliance & being an accessory into their Criminal system/s based on Criminal Fraud, Debt Bondage & Enslavement.
In other words,
Do all the crying, bitching & moaning you want or need over what ever the Criminal Fraud CONgress, DOJ, CIA, DHS, NSA CEO (President)etc.. You feel violates you or feel steal always your wealth & property.
Doesn't matter. Why? Because you continue to debate them on their terms & Criminal (Contract Fraud) Grounds by Contracting with the Criminals (State) in the fist place & being an accessory to the Criminal Fraud.
So, in essence, you have absolutely NO choice, voice or whatever in the matter.
Accept it, change your mindset & peaceful Non-Compliance, Non-Participation into The Global Criminal Oligarch Cabal Bankster Intelligence Crime Syndicate system/s of Usary Debt Bondage & Enslavement.
Quick untaper !
After 10 telephone call I finally got access to my bank accounts again.
And what bothered me the most that everybody I got on the phone told me a different lie!
It was thanks to my bank director which I know personally that all transactions where cleared in a hour.
I'm going to pull cash from my accounts as fast as I can now. I don't trust it all
Geez, you and millions of others are, to put it bluntly, just idiots. WTF is ANYBODY banking with a TBTF bank ?!?!?!?!?!?!?!?!? You must like getting bent over and repeaedly fucked up the ass, because that's what you are supporting.
G.E.T O.U.T. O.F T.H.E T.B.T.F BANKS !!!!!!!
Do I need to yell it louder ?
It has started....
Agreed... or... A Greed.
The untaper ..... maybe that's what ALL of this worlwide fuss is about this week.
Lots of rumours, FX all over the place, perhaps all started by TPTB so that the new intern at the FED panics and reinstates the full o'bankocare welfare bill.
If you're going to panic, it's best to panic first.
I had problems with:
1. ING
2. Keytrade
3. Beobank (ex. CITYBANK EUROPE)
just saying....
I'm with BNP paribas, safest bank in the world and in an extremely good shape, certainly no derivatives or other hidden corpses there. Trust me, you don't need any PM's when you're dealing with them. And what is more: it's French. French! Seriously, what's more economically sound and safe than anything with the label "made/concocted/unionised in France"?
Mark my words, the whole world may implode, the French banking system will still be standing.
But I must admit, I only use my bank these days for paying the monthly bills.
You're kidding right? Oh -- You're still new here. Welcome to ZH, you've got a lot more to learn...
There is _NO_SAFE_BANK_ that participates in the fractional reserve system of the fiat universe. It doesn't even matter if the bank actually participates in fractional reserve banking (hint: pretty much all banks do!), because they're holding deposits denominated in fiat. Fiat itself is valuable only by decree of idiot politicians who will readily violate laws and bend you over backwards in the name of "emergency" to accomplish their goals at shitting on you more and more.
"I'm with BNP paribas, safest bank in the world and in an extremely good shape, certainly no derivatives or other hidden corpses there."
No derivatives you say?
- RBS in Talks With BNP Over Sale of Equity Derivatives Business ...- Crédit Agricole transfers equity derivatives portfolio to BNP Paribas ...
Don't know if you're a mouthpiece or plain ignorant, but if you happen to be in the infrastructure business I've got a bridge for sale...
And if you're in the comedy business, I've got a French TBTF bank for sale...
Sorry, couldn't resist.
Oh, and another thing, 3worlddude: relax, we're on the same side.
Thanks, I admit I pulled the trigger a little too fast on that one; read the whole post only after saving my reply... :)
-1
For...
Trust me, you don't need any PM's when you're dealing with [BNP Paribas]. -- highly debtful
...and...
But I must admit, I only use my bank these days for paying the monthly bills. -- highly debtful
Trust me. Right. Some of the worst experiences of my life began with those words...
Do we really have to use the sarc tag every friggin' time for people to understand the message?!!
Any Readers with brain damage will have trouble understanding sarcasm.
Just for myself, sarc has to be obvious... in absence of facial expressions and body language.
God people have down voted your sarcasm.
Mate, I live in France and I have taken all my money out of my bank, CIC, using it just for direct debit bills, like you. The French state is bust and will not be able to bail them out.
There is loads of evidence that Soc Gen and others are overstating their equity not even through dodgy accounting, just presenting it in a souped up way. Then using extreme measures to silence journalists who talk about it. I can't be bothered to look for relevant weblinks but unless I'm mistaken ZH did a story on this recently.
ING?
I have them but the part that was taken over by Capital One. Have a savings and checking all internet based
I keep wondering what it will take for the fiat folly to finally end.
a big war
Bear in mind that a top-200 bank in russia has more actual funds than jpm, citi and deutsche banks combined.
More likely Russian hackers and memory skimming of accounts. Halt withdrawls to stop bleeding.
Similar to TGT problem
You cannot have your money because you would waste it on life's necessities such as food, clothing and shelter rather than spend it on exotic financial instruments....
Toxic exposure aka derivatives are going to collapse the whole system not just a few western banks since everything is so utterly intertwined. Economic M.A.D. At least the Russians have real natural resources that soveriegn nations need to negotiate with after the collapse.
Yup. Can you say swap & barter? Sure you can...
Yeah barter.
But what exactly will the United Stateans barter with Russia?
We can exchange nukes
tic toc tic toc
,and... is Turkey next?
www.hurriyetdailynews.com
(home- FINANCE:: economy/economics)
Strange, I've been googling this and hunting on Blmbg but can't find the original story - link anyone?
Not to worry. Moy Bank will be taken over by Credit-Anstalt (Imperial royal privileged Austrian Credit-Institute for Commerce), the collapse of which some have claimed caused the crash of 1929. Credit-Anstalt was the first domino to topple. The game is no longer dominoes but a tall house of cards atop a joggler's spinning plate.
Gold Komrads!
Hello from Russia!
This bank is a problem credit institution and it is waiting for regulator's decision - rehabilitation or withdrawal of a licence.
For the record, in 2013 for various violations the Bank of Russia revoked licenses of 27 Russian banks, with insurance compensation payable to deposit holders exceeding Rub 100 bln.
There were some outflows of deposits of individuals at the end of 2013 from small and medium-sized banks to big & state-owned credit institutions.
And... in common... cleaning up the banking system continues.
Financial indicators of My Bank:
http://www.banki.ru/banks/ratings/?LANG=en&BANK_ID=76611&date1=2014-01-0...
Russian banking news:
http://www.banki.ru/news/engnews/
Any thoughts on the attached article:
http://www.theprovince.com/sports/Vancouver+appalled+Sochi+conditions+after+working+snowboarding+courses/9432123/story.html
I was interested in the ability of Sochi officials to open Russian Bank Accounts in the names of these Canadian contractors. I wonder how the paper trail will be presented, once all the accounting is done. I hope no small foreign contractors are found to have funnelled millions through these bank accounts. How would you defend yourself, in the Russian courts?
Culture from the dawn of man has been the method for civilization to develop; kinship, brotherhood, friends and family, tradition and belief, have strengthened man’s confidence in himself and his hope for the future.
Now the world oligarchs are forcing the conflict of these cultures to divide the people so they can more easily be controlled, balkanizing all the nations.
Family and culture do not fit with Marxism -- where state control must not have the interference of culture. And since WWII the conflict of culture against culture has intensified as the Socialists impose their will upon nations, most notably in Europe and now with the class vs. class, color vs. color clashes being instituted by the Communists in the United States. And today, in the Ukraine.
For instance, here’s how Alex Lantier interprets Ukraine today on the World Socialist Web Site
“While the Yanukovych regime is teetering on the brink of collapse, the opposition cannot easily take power. It faces broad hostility in Russian-speaking parts of southern and eastern Ukraine. Pro-government protests were reported in recent days in Donetsk, eastern Ukraine’s industrial heartland, and in the Crimea, Kharkiv, Uzhgorod and Luhansk regions…
“Both the pro-EU opposition and the Yanukovych regime are united, however, in their insistence that the international banks will be repaid, and that the costs will be borne not by billionaire oligarchs, but by working people. As different factions of the ruling elite plan for violence and crackdowns—by the opposition’s fascistic goon squads or the regime’s security forces—they are united in their hostility to the working class, and fear of its opposition to their austerity agenda.”
Ironically, Lantier blames it on capitalism and Stalinism rather than the world kleptocracy instituted by the International Bankers: “This situation is an indictment of the restoration of capitalism in the USSR in 1991 and of the reactionary impact of Stalinism on the political consciousness of the population.”
http://www.globalresearch.ca/as-ukrainian-regime-totters-oligarchs-call-for-talks-with-right-wing-opposition/5366504
LMFAO - FUCK YOU PUTIN YOU NAZI PIG
Nice fucking country - Olympics should be awesome.
Those who want potatoes line up over there. Vodka lovers line up here.
Not just for Russians...
When those with lots of money go desperate. Or is that "despotic"?
http://www.thedailyheap.com/homegrown-terrorist-most-likely-threat-to-super-bowl-says-fbi
And there is no global bank run in Russia. The situation with 'My Bank' is an individual case reflecting its own difficulties.
The only relevant question is will this start more of a panic that spreads domestically and internationally? Probably not by itself but clearly people are getting bank jitters in multiple countries. Why even bother keeping money in the bank if there is no interest paid and everyone knows big banks are unstable with their massive speculative positions?
"Why even bother keeping money in the bank if there is no interest paid"
Apparently we are all deathly afraid of being mugged. Personally, I keep some fiat because of Greshams Law. It would be a shame to convert all my fiat into gold/silver, and then have to use gold/silver at suppressed prices, to pay for groceries (in the near term)!
doh.
and it's gone? https://www.youtube.com/watch?v=-DT7bX-B1Mg (didnt see it posted yet)
Russia's... 'Eurasia`Pipelineistan Blue/Black Gold SilkRoad'
and, here's to you Mr. EUland... where the toll for OPEC energy is paid in Gold or your euro rots in the ground?!?
sochi and kiev don't want you (eu/ussa) and your bandarbush friends messing with the mother of Vlad!
hmmm....
I could not find validation for ths outside ZeroHedge. Not on Bloomberg's site or anywhere else except sites that copied and pasted from ZH.
The story is being picked up on multiple sites, all claiming it came from Bloomberg. Yet, Bloomberg's site doesn't seem to have anything about it.
Exactly. Is it ZH doing some bullshit scare-mongering to trigger arrival of the crisis that just never seems to come? I took my money out of the bank at the weekend because of HSBC / Chinese agric bank probs.
And you were not unwise for doing so. The only thing it cost you is some time.
This is how massive panics are created. Not this incident by itself. I just sets everyone a little more on the edge of panic. Little panics are controlled one by one until the whole thing breaks loose into an unstoppable avalanche. How do I know this? 1929
No substitute for physical gold held outside the banking system.
It's okay to panic...
... just as long as you're the first one who panics.
Russian tanks rolling into the Ukraine or some Syrian interjection should supercede this pesky headline.
Russia is the source of all white prostitues working in Turkey
Gee, I would have expected Boris to comment by now.
Boris in waiting line at other Russian bank ATM, is must have sufficient vodka money at all times!
After seeing this article I decided to check my account at bankofamerica.com and the site is inaccessible.
Please do not worry.
I assume you're short US financials and want to kick your position into life by spreading bullshit rumours before you get more margin calls.
None of that Rodders. bankofamerica.com was down when I made that post. A good 10 minutes I was checking it. Just now I was able to access it.
OK sorry. That must have been pretty scary.
I took all my money out of my bank last w/e. I wouldn't trust these bastards with a single penny.
Print Mr Chariman! Print!!
Countdown until these vampires start raiding blood banks as well
+1
At this point it could be that the global bank run is a distractions from Fukushima radiation fallout spreading worldwide.
Or the Fukushima HUGE issue is to cover the biggest global bankrupcy of all times.
Or both.
Who knows?
Hard to find information you can trust.
One thing for sure: élites have never been clever enough to contribute for building a better World... On the contrary.
Be safe.
Trot the Putin out bare chested to wrestle with a bear...
It will solve all financial problems including titillating the ZH Putin Mancrush team.
If that doesn't work, they could always throw some people who take off their shirts into jail or comment how their youth are off limits to gays....
If price of oil keeps dropping, we will possible see riots in Russia.
Bitcoin... still... bitchez!
Alex Jones had Bob Barr on last Thursday. He was a Congressman for 8 years back in the Clinton era. He was the one who brought up the charges of impeachment against Clinton and got enough co-signers to make it happen.
Bob Barr is a legal bad ass, ex-CIA, and a statesman along the lines of Ron Paul. Look him up.
Here's the kicker: Bob Barr is running for Congress again this year in Georgia and it sounds like he's easily going to win it. And when he does win, he will be one of the baddest mother fuckers in Congress, and he's going to go after obama immediately with the same charges of impeachment that he used against Clinton.
Here's the interview on Alex Jones...you all gotta listen to it: http://www.youtube.com/watch?v=24clEFBWqUg
Barr said he pulled out the impeachment paperwork he used against Clinton and dusted it off...then he updated what needed updating and crafted it for impeaching obama...he said it was easy given all the evidence against obama and his usurpation of the Constitution.
And since he already served 8 years in Congress previously, he gets all his seniority back...that means he can't be marginalized as some rookie freshman Congressman. He's a legal wizard and knows how to work Congress inside and out.
He's going to be obama's biggest nightmare and will quickly build a coalition against obama and the rest of the treasonous scum in Congress. I think we're going to see a lot more of the rats scurrying off the sinking ship once Barr gets back to town.
Here's his website...send him a few bucks, cuz we need this guy in D.C. big time to fight the fight up close and personal against obama and the rest of his scummy little miscreant crew.
http://barrcongress.com/
Pass the word around to everyone you email and let's help make sure Bob Barr gets back to D.C. so we can get this impeachment rolling!!!
Soon, the hands in the cookie jar will be caught. In jail, we'll see the Bitchezzzz.
Flinch, slap, I said fINCH
And so it begins?
But there is no link anywhere to Bloomberg regarding this story? "Bloomberg reports but there is nothing mentioned on their own website