TIDBIT:…WHILE ANONYMOUS HACKS THE FED, LOOK WHOSE ATMS HAVE ...
June 6, 2016 / /
Given today's main blog, this is a bit of interesting news: Look whose ATMs have been having "glitches":
Deutsche Bank ATMs Block Cash Withdrawals Due to Technical Glitch
Now...here's a little thought. Since Deutsche Bnk is in such trouble holding all those toxic derivatives, one wonders whether or not they bought a big block of stock in the US Fed... sort of "twisted the arm" of other stockholders to get it.
... just a thought.
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This is simply an anecdote, but a family member who works in the BDR who could not get funds from her Deutsche Bank account during this strange event thought that this was Deutsche Bank’s inelegant way of sending a message to someone that the nation could be thrown into open chaos via such outages.
I never know what to think about anything going on in the BDR since reunification, but it is hard to imagine that DB is in such bad shape that they required ATM glitches in order to preserve liquidity. That DB is in a disastrous state is clear, but I would be inclined to think that the ATMs problems regarded something else entirely. Those problems may well have their source completely outside of Deutsche Bank.
From an anon contact:
“@eossipov Article is dated May 2016 but I heard they obtained the files in May 2015 😉
Just fyi. 🙂
ATM….Automatically Take Money….coming down the pike, cashless society.
A global carbon tax and user fee/banker tax with every transaction.
The masses that don’t have jobs and can’t contribute get rounded up and sent to re-education work camps for the homeless after being auctioned off to the highest bidding for profit private corporation. Your potential price naturally dependent upon all the data and statistics ratings assigned to you gathered from all the spyware and data bases that have been tracking your health, every move and thought since birth. Those with low ratings no one wants to bid on get sent to those special gulags were they get fed experimental medications and GMO food as they do very hard mindless labor in very unhealthy environments until they naturally expire from un-natural causes and side effects.
In the great dystopia to come 33.333% will be employed to police, manage, and imprison the other 66.666% of the worlds population for the hereditary privaledged .001%.
Technically, they must collude to an agreement to go cashless –
then do the bail-ins blitzkrieg tango with the public.
Isn’t Deutsche Bank above stupid gambling with it’s customers accounts. It looks like the Germans like to play the game of casino with their economy to does anyone have any sense anymore.
Even the FED can’t provide enough liquidity for $60 trillion in derivatives. Therefore it makes you wonder if they aren’t afraid of an old fashioned bank run when they offer 5% on deposits and then glitch the ATMS going into a weekend.
NGA, I think you have a point. They ‘locked the door’ to prevent a bank run through ATMs. Talk about low liquidity!
If DB collapses once the ‘door’ is unlocked, I would make sure I had enough personal liquidity on hand. The ‘system’ is incredibly connected these days, what with derivatives sliding into each and every bank…