This page has been archived and commenting is disabled.

Swiss ATM "Unable To Dispense Euros At The Moment"

Tyler Durden's picture




 

Swiss ATMs refuse to deliver Euros...

 

 

Source: Blick

h/t @Gloeschi

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 01/15/2015 - 10:17 | 5664542 LawsofPhysics
LawsofPhysics's picture

Ha ha!

Thu, 01/15/2015 - 10:22 | 5664564 SWRichmond
SWRichmond's picture

yes, I knew I was going to enjoy the accelerating run-down, but I confess this is getting to be funny as hell!

"We aint dispensing shit until we see what the exchange rate will be for the replacements for the ones we dispense."

Thu, 01/15/2015 - 10:21 | 5664587 kliguy38
Thu, 01/15/2015 - 10:29 | 5664632 Haus-Targaryen
Haus-Targaryen's picture

This must be one helluva conditional bazooka Draghi is about to fire off before resigning.  

Thu, 01/15/2015 - 10:35 | 5664667 Richard Chesler
Richard Chesler's picture

Venezuela is not the only one running out of toilet paper.

 

Thu, 01/15/2015 - 10:53 | 5664768 jefferson32
jefferson32's picture

Possibly the SNB was coerced into letting go at the peg, which undermines any attempt to devalue the Euro. In their minds, the Swiss central planners have sold out their exporters.

Thu, 01/15/2015 - 11:06 | 5664823 Dame Ednas Possum
Dame Ednas Possum's picture

It could be worse - they could say you can't have your gold.

Oh wait...

Thu, 01/15/2015 - 11:07 | 5664837 flacon
flacon's picture

Does anybody know when the ECB decision will be made? 

Thu, 01/15/2015 - 11:13 | 5664883 forwardho
forwardho's picture

Dragi, speaks on tues 15/1/20

Thu, 01/15/2015 - 11:22 | 5664933 flacon
flacon's picture

I assume that date is January 20th, 2015?

Thu, 01/15/2015 - 11:30 | 5664953 hedgeless_horseman
hedgeless_horseman's picture

 

 

Dragi, speaks on tues 15/1/20...

"Those that recently traded Euros for gold vastly underestimate what the Euro means for the Europeans, for the Euro area. They vastly underestimate the amount of political capital that has been invested in the Euro."

Thu, 01/15/2015 - 11:36 | 5664982 flacon
flacon's picture

Does that quote suggest that Draghi will NOT do QE then? 

Thu, 01/15/2015 - 13:52 | 5665621 svayambhu108
svayambhu108's picture

Dragi, speaks on tues 15/1/20...

 15th of January 2020 five years from now.

Thu, 01/15/2015 - 15:00 | 5665947 kaiserhoff
kaiserhoff's picture

Ah can fix that gol darn thing with a crow bar in a Noo Yawk minute.

  Where's my tool box?  Leroy.  Leeeroy!   Good help these days...

Thu, 01/15/2015 - 22:32 | 5668339 flyingcaveman
flyingcaveman's picture

1st of Krugmanruary 2020

Thu, 01/15/2015 - 12:09 | 5665105 MalteseFalcon
MalteseFalcon's picture

How's that gold referendum looking now, Swiss-bitchezzzzz?

Thu, 01/15/2015 - 11:13 | 5664866 forwardho
forwardho's picture

That can't be it.

Can you imagine ANY country selling out it's own workers in order to keep the banki...

 

Thu, 01/15/2015 - 10:44 | 5664637 Muh Raf
Muh Raf's picture

Your Bitcoin denominated cheque is in the post. In other news Free Market actors caught in panic arising from Intervention-Free markets, "We've never seen anything like it" said an important stuffed shirt from a recently nationalised institution, "we hope the government does something meaningful and effective to correct this aberration and immediately because my state backed bonus is at risk and that's serious".

Thu, 01/15/2015 - 11:17 | 5664904 Zwelgje
Zwelgje's picture

Does Bitcoin still excist?

Thu, 01/15/2015 - 11:31 | 5664967 pods
pods's picture

Did it ever?

Thu, 01/15/2015 - 10:23 | 5664588 eclectic syncretist
eclectic syncretist's picture

And Bill Clinton did not have sex with those underage girls!

http://www.nationalenquirer.com/celebrity/world-exclusive-bill-clintons-...

Thu, 01/15/2015 - 10:25 | 5664615 Dr. Richard Head
Dr. Richard Head's picture

It is funny and sad at the same time.  People "trust" the banking system, but it is a naive and uneducated belief that will destroy the savings of many.  If the common man understood the nature of fiat currency and that it is not money, we might just have a chance against the banksters and central banking cabal.  Until then, watch the football, drink the alcohol, and keep depositing one's currency into their coffers.  Fuckin' Ayyyy!

Thu, 01/15/2015 - 10:36 | 5664678 Kaiser Sousa
Kaiser Sousa's picture

ah the fucking Fiat roach motels...
hows that working out for those of ya'll???

Thu, 01/15/2015 - 10:41 | 5664700 kliguy38
kliguy38's picture

DONT buy gold......hehehe.....buy BITCOIN!!!......watta fochin' bunch of douchebags....can you imagine thinking bitcoin is a "store of value"???....hell you can't even wipe your ass with it

Thu, 01/15/2015 - 10:47 | 5664747 Kaiser Sousa
Kaiser Sousa's picture

yeah sure glad  that i wasnt buying all that Silver below 17 and 16 that i WAS BUYING last year and this year...

as Bugs would say - "what a maroon...."

 

DEATH TO THE MONEYCHANGERS.

Thu, 01/15/2015 - 11:00 | 5664804 HandyCrapper
HandyCrapper's picture

You can wipe your ass with it!...If you like your hemorrhoids, you can keep your hemorrhoid.

Thu, 01/15/2015 - 10:56 | 5664787 forwardho
forwardho's picture

It is sad. Banks used to compensate depositors with a reasonable compounding intrest.

A depositor was paid for letting the bank use their money.

Why anyone would now take all the risk with absolutely no chance of reward is utterly baffling.

Heads, banks win, tails, you lose.

Thu, 01/15/2015 - 11:36 | 5664983 css1971
css1971's picture

Now depositors are so ignorant that the banks don't need to pay them anymore.

Thu, 01/15/2015 - 10:30 | 5664638 bwh1214
bwh1214's picture

But if it was nefarious wouldn't they want to get rid of the euro's that are losing value?

Thu, 01/15/2015 - 10:20 | 5664580 TeamDepends
TeamDepends's picture

What about the Swiss EBT folks, they OK?

Thu, 01/15/2015 - 10:29 | 5664624 Ghordius
Ghordius's picture

as far as I know there is no such thing as an EBT in the whole of Europe, including Switzerland

but think for a moment: this means a lot of Swiss are going to the ATM for a quick withrawal of EUR from their usually CHF accounts, perhaps for a quick shopping spree in the eurozone

meaning that for them, this FX move is something... temporary. or that they just want to have that shopping spree, and see it as a happy rebate day

as usual, it's interesting how crowds behave

Thu, 01/15/2015 - 10:31 | 5664645 NoDebt
NoDebt's picture

No welfare payments in Europe?  You're pulling my leg.

Thu, 01/15/2015 - 10:47 | 5664745 forwardho
forwardho's picture

In Europe, it's called a govt job.

 

Thu, 01/15/2015 - 11:41 | 5665019 Ghordius
Ghordius's picture

of course there are welfare payments. on bank accounts, or postal accounts. and people use a lot more cash

see what happened here. Swiss went to the ATM and withdrew EUR for shopping in the eurozone

Thu, 01/15/2015 - 10:35 | 5664664 Dr. Richard Head
Dr. Richard Head's picture

Watching crowds behave has been the primary reason for all of the disaster porn I watch.  Watching countless hours of all of the "revolutions", riots, and such has given me a view of who generally gets caught in the crossfire of authoritarian police and military actions.  At the end of the day, I try my best to fly under the radar anymore and just control my actions as much as possible.  Wandering into the gun range with crowd is a moment waiting for disaster. 

Thu, 01/15/2015 - 10:22 | 5664582 MythicalFish
MythicalFish's picture

New motto to be printed on Euro notes: "In dog we trust - parity or bust"

http://www.bbc.com/news/world-us-canada-30828694

Thu, 01/15/2015 - 11:15 | 5664889 Dame Ednas Possum
Dame Ednas Possum's picture

Did you hear about the dyslexic agnostic insomniac?

He laid awake all night wondering if there really is a dog.

Thu, 01/15/2015 - 10:50 | 5664760 rubiconsolutions
rubiconsolutions's picture

"No soup for you!"

Thu, 01/15/2015 - 10:16 | 5664543 clipboard man
clipboard man's picture

I picked a bad day to stop sniffing fiat.

Thu, 01/15/2015 - 10:16 | 5664544 MsCreant
MsCreant's picture

Nice metaphor!

Thu, 01/15/2015 - 10:16 | 5664546 thatthingcanfly
thatthingcanfly's picture

Will they dispense gold coins instead?

Thu, 01/15/2015 - 10:22 | 5664591 Moe Hamhead
Moe Hamhead's picture

they should dispense ammo!

Thu, 01/15/2015 - 10:33 | 5664649 lakecity55
lakecity55's picture

I am working on a vending machine for Swiss Gold and Ammo.

However, it only takes gold coins. I am changing the firmware so it will take silver coins.

You can exchange other gold coins for Swiss gold, however, if you need change.

Thu, 01/15/2015 - 10:18 | 5664552 Eternal Complainer
Eternal Complainer's picture

Coming soon to ATM near you..

Thu, 01/15/2015 - 10:19 | 5664561 buzzsaw99
buzzsaw99's picture

Fuck the EUro

Exactly!

Thu, 01/15/2015 - 10:21 | 5664568 PrayingMantis
PrayingMantis's picture

 

 

... Another Terrorist Machine ...

Thu, 01/15/2015 - 10:20 | 5664572 Peter Pan
Peter Pan's picture

That ATM cannot dispense gold either and that is more serious.

Thu, 01/15/2015 - 10:21 | 5664574 post turtle saver
post turtle saver's picture

c a s h   i s   k i n g

Thu, 01/15/2015 - 10:23 | 5664602 Peter Pan
Peter Pan's picture

Until it isn't !!

Thu, 01/15/2015 - 11:20 | 5664914 post turtle saver
post turtle saver's picture

as far as the vast majority is concerned when events like this happen... it is... that's reality

Thu, 01/15/2015 - 11:17 | 5664901 Dame Ednas Possum
Dame Ednas Possum's picture

The king is dead...long live the bullion.

6,000 years and counting...

Thu, 01/15/2015 - 11:21 | 5664921 post turtle saver
post turtle saver's picture

been hearing that drum pounded here for some time... hasn't happened

Thu, 01/15/2015 - 11:43 | 5664954 Dame Ednas Possum
Dame Ednas Possum's picture

Nobody cares what you think...fuckwit.

Thu, 01/15/2015 - 10:22 | 5664581 TideFighter
TideFighter's picture

You requested $20.

You get $19.00 and two quarts of oil.

Thu, 01/15/2015 - 10:34 | 5664660 LetThemEatRand
LetThemEatRand's picture

They increased our money rations at the ATMs today.  Now, the machine says you have to wait two weeks for your funds instead of one week.

Thu, 01/15/2015 - 11:39 | 5665009 Bankster Kibble
Bankster Kibble's picture

I'm stockpiling oil while it's cheap.  Gonna be worth more than $20 soon.  I'll take that deal.

Thu, 01/15/2015 - 10:22 | 5664584 Dr. Engali
Dr. Engali's picture

We are going to charge you .75% to hold your "money" and then we aren't going to let you withdraw it. But here, have a spiderman towel as a sign of our gratitude.

Thu, 01/15/2015 - 11:22 | 5664917 Dame Ednas Possum
Dame Ednas Possum's picture

Surreal.

Thu, 01/15/2015 - 11:21 | 5664925 tarsubil
tarsubil's picture

It is insane. How much further can this go before something breaks?

Thu, 01/15/2015 - 12:29 | 5665221 honest injun
honest injun's picture

Your money in the bank is now a liability becausee you have to pay .75% and the bank gets .75% so your deposits are their assets.

Thu, 01/15/2015 - 10:21 | 5664585 the not so migh...
the not so mighty maximiza's picture

bank runs!!!! Dow 100,000

Thu, 01/15/2015 - 10:24 | 5664599 ZeroPoint
ZeroPoint's picture

What are the odds that this weekend the bank holidays will start?

 

Thu, 01/15/2015 - 10:23 | 5664601 wmbz
wmbz's picture

A whole lot of people think you are a kook to have cash on hand.

Not so fucking kooky when your plastic does not work, and nobody wants it or a check.

FUBAR

Thu, 01/15/2015 - 10:34 | 5664661 NoDebt
NoDebt's picture

Cash- the most hated asset class on the planet.  Not so bad if you were holding Swiss Francs the last few hours.

Thu, 01/15/2015 - 11:31 | 5664956 TalkToLind
TalkToLind's picture

Unfortunately in 'Murica (fuck yeah!) cash on hand = YOU'RE A DRUG DEALER which equals civil asset forfieture which equals nicely funded retirements at age 45 for "law enforcement" employees.  Hey, where da Canadian women at?

Thu, 01/15/2015 - 12:36 | 5665263 JRobby
JRobby's picture

Cash will work until it doesn't. Takes some sellers a while to get a clue. Especially if they have been moving suitcases of it around for decades.........

Thu, 01/15/2015 - 10:23 | 5664604 Infinite QE
Infinite QE's picture

Swiss need to join Russia in the Anti-Bolshevik Federation. Now THAT would rock the world to its core.

Thu, 01/15/2015 - 10:27 | 5664617 lakecity55
lakecity55's picture

"We are pleased to announce the Swiss will join the EEU. The cheaper vodka, oil, timber and other metals Vlad has promised us will be great, but the Spiderman Towels were the kicker. One has been negotiated for each Swiss citizen."

Thu, 01/15/2015 - 10:27 | 5664629 SpanishGoop
SpanishGoop's picture

And we won't comply with FATCA.

 

Thu, 01/15/2015 - 10:36 | 5664670 lakecity55
lakecity55's picture

Otherwise known as "fat cat," since it only affexts the 1%

Thu, 01/15/2015 - 12:05 | 5665094 RaceToTheBottom
RaceToTheBottom's picture

Actually that is wrong.  It affects the productive class.  The people who have skills that people pay for and work internationally but are American citizens, for now.

Thu, 01/15/2015 - 10:29 | 5664628 Smuckers
Smuckers's picture

"Sorry cannot process your request.  How about a nice game of Donky Kong?"

Thu, 01/15/2015 - 10:46 | 5664729 Element
Element's picture

 "Insufficient Funds. Please contact your Financial Institution."

Thu, 01/15/2015 - 10:29 | 5664631 Debugas
Debugas's picture

did swiss learn something about upcoming nookular event in France ?

Thu, 01/15/2015 - 10:32 | 5664651 highcapacity
highcapacity's picture

Wanna buy gold or silver today? its not going to happen......offline sorry

http://www.geiger-edelmetalle.ch/offline.htm

http://www.swissgoldshop.ch/

Thu, 01/15/2015 - 10:36 | 5664681 achmachat
achmachat's picture

WOW!
"Wegen aktuellen aktuellen Währungsturbulenzen sind im Moment keine Bestellungen möglich!"

if such a "small" FX event makes it impossible to buy precious metals, just wait what happens when it gets really bad!

Thu, 01/15/2015 - 10:34 | 5664657 plongka10
plongka10's picture

erm...as their currency is Swiss Francs, I would expect a Swiss ATM to dispense them, except in the border towns where they might offer Euros as a courtesy. As far as I am aware, Euros aren't legal tender in Switzerland.

Thu, 01/15/2015 - 10:44 | 5664719 highcapacity
highcapacity's picture

Sorry your wrong. A lot of Swiss ATMs having Swiss Francs and Euros available. But looks like sold out Today

Thu, 01/15/2015 - 11:02 | 5664810 Urban Redneck
Urban Redneck's picture

Find me anywhere in Switzerland where one cannot drive to a foreign country in less than an hour...

Thu, 01/15/2015 - 10:34 | 5664663 lakecity55
lakecity55's picture

The Euro is dead! Long live the Franc!

Thu, 01/15/2015 - 10:46 | 5664743 Element
Element's picture

No soup for you! 1 Year!

Thu, 01/15/2015 - 10:45 | 5664730 Mike Honcho
Mike Honcho's picture

I will have to take their word for it, I don't speak or read jiber-jaber.

Thu, 01/15/2015 - 10:59 | 5664796 falak pema
falak pema's picture

Markets are shell shocked...like a girl at a sex orgy : bemused, battered and bewildered. 

The Hobbits are having a ball. The Morlocks have been nailed  to the wall. 

The City lights never go out on rampage night. 

A play like Midsummer night's dream metamorphoses to Othello and Desdemona's agony. 

Thu, 01/15/2015 - 11:11 | 5664854 rum_runner
rum_runner's picture

I often describe macro-econ as the world's largest opera.  The deception, the skulduggery, the Houses of Power, and the filthy unwashed masses beyond the castle walls.. we hear their cries from time to time but they matter not until perhaps the final act.

Me thinks we have passed intermission.  The stage is set, the feuding well under way, now draw your swords you dogs and run one-another through for my delight!

Thu, 01/15/2015 - 11:09 | 5664850 22winmag
22winmag's picture

The beginning of the end, or the end of the beginning?

Thu, 01/15/2015 - 11:13 | 5664872 RagnarDanneskjold
RagnarDanneskjold's picture

I bet that is because the bank is honest. They knew the change was coming and didn't let their customers get screwed over by paying 20% more for euros than they could a few hours later.

Thu, 01/15/2015 - 11:22 | 5664930 Goldy Locks
Goldy Locks's picture

You're good :-) Bank ... honest ...? What an oxymoron. The job of banker was invented because prisons were already full.

Thu, 01/15/2015 - 11:25 | 5664945 Dame Ednas Possum
Dame Ednas Possum's picture

Ha ha...forgot the sarc tag.

Thu, 01/15/2015 - 11:23 | 5664920 TalkToLind
TalkToLind's picture

Stop waiting for depreciating pieces of paper from a machine.
Gold hündinnen!
(Gold bitchez) 

Thu, 01/15/2015 - 14:24 | 5665786 Kprime
Kprime's picture

My Swiss, french, and Eurotrash isn't real good, in fact almost non existent, but, I think I can just make out the message.

We Have No Currency of any kind available, how about a roll of Charmin?

Do NOT follow this link or you will be banned from the site!