AND ANOTHER THING: CHASE WAS HIT BEFORE JULY 4th TOO…

Yesterday, I blogged about the silver "flash crash" of July 7, and earlier this week, about the NASDAQ flash crash, but, just in case you might have thought these were nothing but accidental "glitches" from the "coincidence" side of the glitch family, rather from the esteemed branch of the family of deliberately planned glitches, it looks as if things might be leaning definitely to the "deliberate action" side of the equation, according to this article shared, once again, by Mr. G.B.:

Nationwide outage hits Chase bank customers before 4th of July

Chase's system went down coast to coast, but what's very intriguing here is the suggestion that Chase might have been dealing with its own glitches, which it was calling "improvements":

A message on the Chase website explained to customers that the outages were due to the bank “making a few improvements”according to the Cleveland Plain Dealer.

The bank said customers would not be able to access their information or schedule bill payments or transfers.

However, customers reported that entire branches had been shut down Monday, while others complained they were unable to pay their rent and bills, withdraw money from ATM’s, or even access their information over the phone or in person.

Now, as you might have guessed, I have all sorts of wild and crazy high octane speculations running through my head reading this, not the least of which is the thought that "two is coincidence, three is a conspiracy." On my view that these types of events are the results of some systematic probing of financial cyber-architecture vulnerabilities, then targeting the NASDAQ, a commodities market, and Chase Manhattan, a large international bank, makes a lot of sense.

But that's not the only thing running through my head, so let's speculate on the very end of the twig, where the weight of speculation far exceeds the amount of evidence to prop it up.

Let's posit a hypothetical bank, say, Deutsche-Manhattan-Cheese Banco dei Flaschi di Cesspool, and let's say that, just before the beginning of August, when the entire country of France goes on vacation holiday, Deutsche-Manhattan-Cheese Banco dei Flaschi di Cesspool announces in the Toulouse Daily Whistle, that it is going to shut down its systems to make improvements just before the next holiday, stranding thousands of Frenchmen at their ATMs and keeping Paris unusually populated for the month of August. That's quite an improvement, for during this period of being "down," one might - just as a kind of hypothetical high octane speculation - be able to access the funds that its depositors could not access, and via a variety of cutouts, fronts, and so on, be able to place gobs of trades, make huge amounts of money, keep it all off the books (remember, the system is down - just before the holidays - to make "improvements"), trigger various flash crashes in various markets, and perhaps even target specific equities to be re-evaluated because of the reset when the circuit breakers kick in and halt all the trading.

But of course, nothing like that could ever happen, because we all know that big international mega-banks like Deutsche-Manhattan-Cheese Banco dei Flaschi di Cesspool are cleaner than a Wall Street toilet.

And thank goodness too, because I was beginning to lose my faith in crony finance crapitalism.

See you on the slip side...

 

13 thoughts on “AND ANOTHER THING: CHASE WAS HIT BEFORE JULY 4th TOO…”

  1. Robert Barricklow

    Glitches itching to get more scratch[money].
    It’s now an endemic maintenance feature for adjusting the books.

    1. Slightly concerned, I just logged into my Chase account and all seemed okay. Hope it stays that way because I have a few bills to pay next Wednesday. Carry on.

  2. I’m afraid if you are going to blog about all the suspicious “irregularities” in the financial system, you’re going to have to post by the hour, not by the day, just to keep up.

    If the idea still appeals, hire minions.

  3. As Robert Heinlein would say never under estimate human stupidity and lets not leave out cooking the books. These glitch’s are happening more frequently of late and yes this brings into question electronic banking and the cashless economy nightmare er I mean dream.

  4. Phil the Thrill

    We are also experiencing power outages on a relatively frequent basis, at least here in Southern Nuttifornia. Portions of my neighborhood have lost power on three separate occasions within the past year. A few weeks ago we lost power at about 10 p. m. and the power company, when contacted by phone (had to dust off the land line), in a smooth display of Obfuscanglish, said that it was a deliberate outage for purposes of system maintenance; and that the power would be restored no later than 6 a. m.
    I won’t bother to speculate how power outages and flash crashes may be somehow connected. I will just assume they are.

    1. An interesting perspective on those “power outages”:
      http://jimstonefreelance.com/grid.html
      “They are attempting to childishly play this down as something that will mess up clocks. But what it really means is that they are going to dismantle the national power grid entirely.”
      “The bottom line? The American power grid, at no time ever in the last 80 years has ever been out of synchronization, by more than 0.001 second total per year coast to coast. The laws of physics will not allow it.”
      Basically, they want to break it up into smaller grids and allow frequency variations between them, which would mean that one could not supply power to another in case of a blackout. Why would you dismantle a system that is not broken? Now, we are seeing “suspicious” outages with no way to supply power in these areas when it could have been done easily before this “agenda” was put into place.

      1. Phil the Thrill

        I love Jim, but I think he needs to stop tooting that “marijuana is a drug” kazoo. It’s called cannabis, not marijuana. Not to mention the fact that it’s a plant, not a drug.

    2. Robert Barricklow

      When they began privatizing the power utilities
      the glitches would cut grandmas outrages bills
      to the sadistic laughter of those perpetrating
      proprietary crimes of savagely cruel profits.
      That “power culture” is replete through the higher echelons of American leadership. It really isn’t too much of a stretch for the modern swastika Chase logo to wrap its criminalized syndicate’s bottom lines around.

  5. With this happening more frequently, they still want to press forward with that “cashless” agenda. Anyone have a problem with that?

  6. On the other hand, if you or I happen to go “into the red” by just 1 dallah or yewro, never fear, they will debit our account down to the last fraction of a cent for charges, interest, fees etc.

    1. Robert Barricklow

      Twists the famous catch phrase of Laurel & Hardy.
      Now the banks have become the origin of:
      “Well, here’s another fine mess you’ve gotten me into”.

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