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Seen On An ATM In Western Australia
With iron-ore stockpiles at record highs in China amid the escalating cash-for-steel financing debacles, one can only imagine the squeeze that is about to occur on the banks of a nation that is almost entirely economically dependent on said iron-ore mining production... which made us think when we saw this sign "justifying" holding low cash amounts in an Aussie bank ATM...
So no need for a withdrawal halt per se when you simply make it impossible for customers to get their money out...
h/t AS
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A Bendingo ate your balance.
You're fucked mate!
~~~
But I'm sure your BITCOINS are worth something somewhere... [Like ~ REALLY]...
No, obviously Bitcoins have no "intrinsic value". So they need an ATM where you can withdraw physical iron and copper bars. Those things have intrinsic value (and you might be able to get your head around it).
Physical CA$H is an asset class, at least for us who are careful or on the verge of being paranoid. Because NO ONE knows what is going to happen, diversification is, well, just smart.
Au, Pt, Ag, CA$H, BTC are all good. Even better is to have them ALL.
(This does not count prep stuff like guns & ammo, water and food, etc.)
..... and don't forget the plastic. Lots of plastic.
Beans, bullets, bullion and bbq.
Duct Tape.
My government told me to buy it.
That one always cracked me up. If you live in an older house in the north country, you already seal your windows with plastic and some sort of tape every year, and it has nothing with ginned up scary stories about terrorists. It's so you don't freeze off your nethers.
Ah, the side effects of a fractional reserve banking system, especially when allowed to set their own risk model.
If cash was invented today? Here is what the would be written in the MSM
http://www.coindesk.com/cash-invented-seen-media-today/
@fonestar
It's not that folks "Don't get it". Bitcoin is backed by nothing, as indeed is Fiat currency. The USD is "Backed" by $17 Trillion in debt. That's why I don't trust the USD, I simply have no faith in The Fed. However, I have even less faith in a bunch of shady hackers creating encryption code which I'm sure the NSA is already capable of tracking right down the blockchain.
What YOU don't get (As, also the freegold folks) is that Gold IS money. Period.
USD isn't backed by anything, debt cannot back a currency.
Hence my use of parentheses!!
Only iron? I thought ebony is worth more...oh, wait I'm still in Forge of Empires mode.
Long duct tape.
A Bendingo
That's a bad-ass wild dog there.
philipat, you did mean "" double quotes
well the mighty usd as grc is still backed by the saud's oil and the mighty mic muscles, thats why you see nearly one thousand military bases around the four corners of the globe.
I have a solution for Australia's problems. Instead of dispensing money the ATMs could dispense iron ore. They have lots of it and it's 100% backed by ... you guessed it ... iron ore. Admittedly at thirty cents a pound it's a bit harder to handle but everyone will get into tip top shape pronto. The Aussie Banks could then issue Iron Cards. These would be far superior to the Gold and Platinum cards of their competitors which are just cheap plastic.
You're an idiot. Fiat currency by definition is backed up by government force. What government is forcing me to use Bitcoin? Nothing is backing it up, but something, faith, is what backs it up. No force involved. Ergo it's something different than fiat currency.
Ummm... No. FIat currency is that which has been created by decree. Government force is usually an accompanyment, but not explicitly required.
Bitcoin is somewhat created by decree insomuch as solving complex algorithyms can be construed as a decree.
I Hereby decree, each character I type is money. Each character has a set value. <Fiat currency
Great find!
(With your screen name, I have a compulsion to picture you in India.)
Duct tape?
Damn, I thought they said "Duck Tape"
http://www.allaboutbirds.org/guide/mallard/sounds
Beans, bullets, bullion, bibles...and BABES!
Everyone always forgets the fifth "B".
Don't forget BOOZE !
Dude. Please, the preferred ZH nomenclature is "Bitchez".
Been trying to teach him that for 3 years 47 weeks.....and he still flubs it.
Repeat after me.....the rain in Spain falls mainly on the bitchez.
dont forget btoilet paper the sixth b
bumf or bumph (b?mf)
n. Chiefly British Slang1. Printed matter, such as pamphlets, forms, or memorandums, especially of an official nature and deemed of little interest or importance. 2. Toilet paper.
bum fodder
Also known as bogroll (in the uK).
And the 13th B, bPhat!
Oh yeah and forgot to add bourban and butane...
So long as the 5th B comes with duct tape.
Bacon, duh.
blunts too?
Toilet paper
AFAIK the Dude uses checks.
The key to longevity is reinvention. Australia is in the process of reinventing itself, from being a mining vassal to China.
Australia now wants to become the prime money launderer and vehicle for securities fraud, pandering to both Chinese "private investment" and government backed entities, with funds channeled through Singapore, HK and BVI.
Check out my new updated blog on Australian financial crime:
https://drbenway.blogspot.com
So that is where all our compulsory superannuation is going to end up going ...
And all the fucking fees currently being sucked out of accounts
By now it should be obivious that if anyone cuts into the profits that Wall Street makes laundering money they will see a fleet of drones that will block out the sun. NWO Rule No. 1: Don't fuck with those who do God's work.
Australia should do what Canda does - offer business visas to Chinese crooks fleeing their own crounty or trying to set up safe asylums for family members (unless they already do so).
Last time I checked the cost of a Chinese business visa to Canada was $800K - a miniscule amount for a politburo embezzler who coiuld afford to move his entire offspring to canada 10 times over.
We should all invite criminal syndicates into our towns and communities in exchange for cash.
With a bank on every corner, have we not already?
The Australian government is way ahead of you. They already sell a "Business Innovation and Investment Visa" to those with at least $1.5m to "invest".
It is entirely conincidentally numbered lucky 888.
http://www.immi.gov.au/Visas/Pages/888.aspx
Correct Doc especially fucking wealthy Chinese who rip their own people off then invest in Oz property making it impossible for young locals to enter the market.Those that do end up with lifetime mortgages.
The Aussie bank notes are polymer (ie. plastic). They will actually float in water. Different sizes so the blind can safely give out the right bills. Hard to roll for the hookers and blow crowd. Levitate not so much.
For those that don't know, Bendigo bank came about as an alternative to the oligopoly known as "The Big Four". Yes, we have had a spate of people blowing up ATMs recently, but I don't know if any one particular brand of bank was targeted. Back to your scheduled programming ...
Hi DoChen. fonestar has tried holding physical cash... it's just so hard once you know "cui bono?" and the simple fact it's mathematically guaranteed to buy you less next year and ultimately implode into nothingness.
slightly off topic but has anyone figured out how much would US debt 100 years ago weigh in gold compared to current debt in paper? i mean literally, in tons or what have you. could be interesting juxtaposition
"Intrinsic Value"?
~~~
Let's see ~ I own:
- seeds
- pipes [which are the conduit whereby H2O is extracted from my well]
- a motor [which energizes the pumps]
- various HP energy conduits [electric grid, backup batteries, backup solar power, backup propane generators, backup 'rocket stoves'], gasoline, diesel, & shit you've never heard of... To power the motors...
- GRAVITY [if you don't know what I'm referring to here ~ then you're more of a geek than I'd ever imagined you to be in my wildest dreams]
- PVC 'reductions' [pressure creators]
- storage tanks [above & underground]
- chicken coops
- rabbit coops
- goats
- dairy cows
- an ARMORY to protect it all [including 100,000+ rounds of ammo, of 6 or 7 calibres]
- a 'community' ON PAGE with me
~~~
What was it that you said you were 'holding' exactly?
gravity
out the fuck standing
you are only missing one that i have near as i can tell, but have a few things i consider longterm untenable
All good things to own BUT are you saying that systems are going to be totally worthless or non-existent in the future?
Probability suggests that no, we will not have a TEOTWAWKI. I just like having all that stuff in case there is... But, we will (likely?) muddle through, with a Great Depression or two along the way...
Hi DCRB
I agree that holding some CA$H is essential to the mix. The precios metals are for transfering wealth to the next system that replaces the present system if we get TEOTWAWKI. However, before we get there we will have to go through the collapse of this system. As it crumbles there will still be faith in currency but not the electronic stuff, it will be faith in bank notes. The people that have those in hand will be able to get enormous leverage from those that don't have any but need to make purchases. Trying to pay with silver or gold will be expensive because the vendors of real goods will want more than the going rate for that stuff.
If we get just a plain old deep depression similar to 1930 then cash will be king. PM's will be good because they won't go down with the banks but maybe not as good as cash. Diversification is the name of the game.
I think, in the event of some system collapse, cash will be important for a while, but eventually people will wake up and see what paper currency's intrinsic worth truly is.
That's when Ag and Au will become important.
"All good things to own BUT are you saying that systems are going to be totally worthless or non-existent in the future?"
~~~
I'm NOT saying ANYTHING... [except for]:
By contemplating the above hypothesis... BTC are about the LEAST thing I'd think I need 2 own...
nice to see you r back....
amen to that.
wouldn't be ZH without fonestar.
http://en.wikipedia.org/wiki/Austal
He wasn't talking about fonestar... But YEAH ~ I'll play... :-)
check your liquids. bible says at end times, the liquids are poison.
And when was the bible any use in predicting anything??
Like most 'holy' books it contains some useful knowledge and a lot of utter crap.
The 'bible' was written long ago by a bunch of guys with a vested interest in a very different societal mix than we have today and when people believed the earth was flat and the sun went round the earth. Hardly a good reccommendation.
Oh logic. Thanks for saying it better than I would have.
The 'bible' was written long ago by a bunch of guys with a vested interest in a very different societal mix than we have today and when people believed the earth was flat and the sun went round the earth. Hardly a good reccommendation.
Distorting the facts a little bit?
From http://en.wikipedia.org/wiki/Spherical_Earth
The New Testament was quilled in the FIRST CENTURY AD. FURTHERMORE...The Old Testament, much of it, was quilled during the Babylonian Captivity. (Before that time it was an Oral Tradition.)Who's telling the truth? huh?
https://www.youtube.com/watch?v=_Qz2M3p1BZk
I was referring to the average Joe Onadonkey, not a group of Greek elites.
I think it was a guy called Eratosthenes who was first to measure the size of the planet, using the difference in the lengths of shadows in different parts of the world. He did pretty well.
As for your challenge, Is there anywhere in the bible where the world is described as a sphere?
A good example of the lack of knowledge that many suffer from is that 1/4 of Americans actually think that he sun goes round the earth, even after 2000 years of discovery.
If you want to be truly accurate, two bodies in orbit actually revolve around their common centre of gravity.
As for the Old Testament, there's a lot of stuff about camels in there - domesticated ones - unfortunately for the narrative, they hadn't even been domesticated at the time.
The bible is jsut one example of ancient holy books, I only used the bible as an example, as it's the one I'm most familiar with. Yes, I've read it, all of it, including the Old Testament, which is, IMHO, a truly frightening read (take a look at the full story of Lot and his wife).
You said 'You are an advocate of the Moral Relativism of the Animal Kingdom. You distort the Truth when you see it fit. That is absolutely IRRATIONAL.' I've no idea where you got that from - in fact, I'm not sure what it means, but it sounds kinda fancy.
Personally I'm a proponent of rational thought, based on the understanding that knowledge is something that changes rather than something etched in stone.
Isaiah 40:22 He (The Lord) sits enthroned above the (circle or vault) of the earth, and its inhabitants are like grasshoppers....
There is no word in Hebrew for sphere, so translations vary. But it's not the word "flat". The Bible text quoted was at least several hundred years earlier than Eratosthenes.
Personally I'm a proponent of rational thought, based on the understanding that knowledge is something that changes rather than something etched in stone.
I'm really glad to hear that (sound of trap snapping shut).
Do you know, despite how you were educated in school and by the media - under Einsteins theory of relativity, both the Earth moving about the Sun and the Sun revolving around the Earth are both equally acceptable in cosmology. And do you know that every scientific experiment has failed to prove the Earth is in motion?
In summary, science can't prove the Earth is in fact moving at all. It's all "assumed".
As for the Old Testament, there's a lot of stuff about camels in there - domesticated ones - unfortunately for the narrative, they hadn't even been domesticated at the time.
Now why do believe an atheist when they publish that over the Holy Bible, which has proven time and time again to be correct, depsite "early" or "first" reports saying it's wrong.
A complete refutation of the domesticated camel nonsense was already completed. In summary domesticated camels in the Bible (underline) were located in Egypt, while the researchers were looking at the extreme northern edge of the camels historic range. Camels do not live in Turkey. And based their findings on one dig. Are you kidding me? This is not science, it's conjecture.
I wish i could upgrade my Old Testicles to a set of new ones.
logicalman re "when was the bible any use in predicting anything?" :
Deuteronomy 23:
“You shall not charge interest on loans to your brother, zinterest on money, interest on food, interest on anything that is lent for interest.20 aYou may charge a foreigner interest, but you may not charge your brother interest, bthat the Lord your God may bless you in all that you undertake in the land that you are entering to take possession of it."
Oh nooeees!!!! FUCK! FUCK! FUCK!!! The cat was let out of the bag ~5000 YEARS AGO!!!!!!
WHY DIDN'T ANYONE TELLS ME????
My concern about my bank accounts is a government ordained haircut.
It's definitely a problem sitting on a wad of cash,but if a time of chaos arrives suddenly,it protects you from the 'no money in the ATM ' scenario.Gold,and silver in coins,cash,firearms,all would seem prudent to hold.
I thinks its wise to have as many pots with stuff in them as possible and practical
I've taken out the equivalent of one years living expenses in pure cash...banknotes. Have them hidden in various locations. For sure there are going to be more bail-ins. And the interest rates they're paying are negative in real terms.
Why does fonestar refer to himself in the third person?
Because he is insanity cubed.
fonestar is managed by a PAL.
Dear fellow, for the love of all that is holy, please stop referring to yourself in the third person.
Throughout my life I've establsihed that, almost without exception, anyone who refers to himself in the 3rd person or wears a bow tie is an asshole.
Jimmy might have a compound fracture!....Jimmy's goin' into shock
http://www.youtube.com/watch?v=Apa0nG1OfUc
I agree. That's why I keep shitting my pants so everyone will ignore my bow tie.
I always dress myself after a "Craptastrophy" in a third person.
Am I wrong?
{oldphart took his bowtie off}
He thinks of himself as of "royal" descent...
He thinks of himself as of "royal" descent.
How do you know he is not......? perhaps you should practice your genuflecting just in case...
I have never flecked a genu before...
Ooh, you naughty gal!
I think of him as "royally full of shit"
Royal Shit
Commented on this weeks ago - still waiting for a sane response.
Kind of undermines just about anything he says, IMHO.
I like his Gun Videos on Youtube. Have you ever checked out his channel?
He likes guns.
Maybe he can crack out IPs and locations from usernames.
Check out his channel...
http://www.youtube.com/channel/UCd8cUls2Ml2UxcbiC-sfVyw
As for me I am into BOMBS...EXPLOSIVES.
I'm a big fan of long bows - I make 'em, along with what they shoot.
I do know a fair amount about things that go bang, too.
Started rifle and pistol shooting at 14. Some of the stuff we borrowed from the school chemistry lab would get you into all kinds of trouble these days.
"He likes guns."
Not only that, but he seems to have a soft spot for leverguns. I tend to view that as a Good Thing.
Many thanks to you Tom for the heads up. Your post serves as a reminder that, despite our many differences, most ZH'ers are much closer to each other than we may think.
+ 1 for a very decent thing to say about ZH'ers.
Combination of autism, narcissitic personality disorder and a small penis?
He thinks of himself as of "royal" descent...
He thinks of himself as of "royal" descent...
stocking up on PMs...brass, lead...mostly steel core & AP
Have you considered swaging your own bullets?
Swaging (or even casting) and handloading your own bullet designs allows you to create useful combinations that, while successfully addressing a specific challenge , may not, for a multitude of reasons, be practical to produce in what most would view as commercial quantities .
Just something for y'all to think about.
No drama, mate, just a bit o' piss . . .
Dear Serfs:
We could post a load of bullshit about vandalized ATMs. but the real reason you are not getting your money is because we got hit really hard in the derivatives markets. we had your money pledged as collateral, and now it's gone. but as an unsecured creditor you should simply accept this meekly and be grateful for the crumbs we decide to throw you.
and our new honestly policy forces us to say that we couldn't give a rat's ass how this inconveniences you.
Your New and Honest Bendigo Bank
As much as paper currency depreciates in value, it is electronic digits that scare the hell out of me. In a millisecond everyone's "wealth" could vaporize.
And if you think getting money out of an ATM is a pain the ass, go to your local bank and ask for $10,000 of your money in cash and see the chickens run around like you are from Mars.
Asking for $10K has got me a "No we don't have it, please call a few days ahead" answer more than once from both ANZ and NAB, two banks that got the rating agency thumbs up. I guess its one way to stop a bank run and remind you your deposit is not your money once its in a bank. Fuckers sure charge a lot for the lack of service.
From Bendingo to Bend Over in 40 words or less..
My dyslexia keeps coming up with Pendejo.
Now Rand,
That's funny.
Fate the Magnificent
"Push the Button, Max
aaand its gone.
http://youtu.be/-DT7bX-B1Mg
Yea that makes sense, instead of putting those ATM's with cameras and also in areas that are in buildings they decide to lower the money in the ATM. Yes I believe that, it can't be that Australia with a population of 23 million and most of it's economy on ores and resources isn't having troubles. Australia is going to be another one of the canaries in the coal mine.
Rand: I'll screen shot your massive upvotes 167 and counting. I'll email you the pic.
All your cash are belong to them.
We regret that your balance was reduced by 50%
Your ballance has been reduced by 50%.
fixed it for ya.
OUR ballance has been reduced by 50%
fixed myself?
You're wellcome.
I've had a few beers.....
My balance has been reduced noticably!
haha, that douche misspelled balance thrice!
From Smart Banking 101.....
Beware all Banks having a B in the name.....
You can trust a bank on any month that has a Q in it.
Bendoverinitgoes Bank
Bohica National Bank?
http://gulfnews.com/business/economy/us-fed-chief-janet-yellen-asked-for...
and thats where my eyes crossed and stomach started to hurt soo bad, i shot myself in the head and torso with a nail gun, 8 times.
Joe Hockey sounds like a Canadian name, eh.
He is to fat to play Hockey. His wife however is very well connected in banking and finance. I dont know what she told him during pillow talk but he has been on a rip shoring up the Australian Reserve Bank and double the debt ceiling. Something said in a speach by him late 2013 made me flinch. " We are doing so to be prepared for what is coming next year". ( on the reasons why he needed to do the things mentioned. His wife is the key. Do your own research. He also now sweats a lot. :
She works for Deutch Bank and yeah your right he has
and thats where my eyes crossed and stomach started to hurt soo bad, i shot myself in the head and torso with a nail gun, 8 times.
Ok, so, you'r a lousy shot....try a wheel gun next time...
He should grow a thicker beard, distinguished, just like the Bernank.
Bank run? Never...
http://www.youtube.com/watch?v=lbwjS9iJ2Sw
Recent attacks? -lol
How about 100 straight years of dollar debasement.
CRI-KEY!!!!!
Yeah right. 'Attacks' is a carefully chosen, loaded word to conjure images of drunken Aussies hacking away with pickaxes. They're gonna collapse the tents and move the Medicine Show out of town overnight on a Sunday and we will wake up with -20% SPY futures, $200/bbl oil and National Guardsmen at every pump and Safeway across this fair land. Prepare accordingly, there will be no warning.
'Bendito' bank -- ha ha ha!
In Spanish it means 'sucker.'
Transaction denied, bendito.
Or how about 'Mendigo', which means beggar?
Un dia, de pronto, habran muchos mendigos en el mundo.
Ya tenemos muchos mendigos en el mundo, incluyendo en el mundo occidental, pero les llamamos a ellos "recipientes de SNAP" en lugar de "mendigos", porque hoy en ese tipo de persona mediga del gobierno y no de individuales.
De acuerdo. Sin embargo, los nuevos mendigos seran los que antes se llamaban "la clase media".
Lo cual es la clase real.
Hagame reir.
Make me laugh. It's simply a mattering translational thing.
It forces me to use my Spanish.
Anyone can Google Translate. But it is fun to read it.
akak: This is how your post translated, courtesy of Google, of course:
We have many beggars in the world, including in the Western world, but we call them "SNAP recipients" instead of "beggars" because today they medigan government and not individual.
I love how it got "SNAP recipients" bang on, lol.
Bien hecho, Senor McPeneEnorme
Buenaza la conversacion arriba! Verde para todos, aunque preferiria ORO...
(putaz)
DoChen: Yo prefiero oro y tambien. Pero me conformare con Jamie Dimons culo en una soga hangmans.
Jaime's neck will be in a noose. That is a comforting thought.
No quiere plata? Porque?
LMAO! Actually Angus said Jamie's asshole in a noose, which is an outstanding visual. Neck is "cuello" not "culo". Ha ha! Fucking hilarious!
Meat Hammer's response was that the Middle Class was going to be turned into the new beggars....something along that line.
Unbelievable! They misspelled 'apologize'.
In other "English" speaking countries the letter "s" is used rather than the letter "z" in this and similar words.
Yeah, but that's not funny.
Meat: Don't bother explaining. You will always get the School Marms that correct the use of "Z" vs "S". Meanwhile they are still enjoying the ass-rape the .gov gives them and think nothing of that.
"ZED" muthafuckas
sss...