Pictures From A Cyprus ATM Line

For a few days, the people of Cyprus were calm, quietly and orderly accepting the unreality of the levy being imposed upon them - incredulous that it was even possible. As we reach the 4th day of bank closures, amid rolling rumors and ECB threats, it appears the people have reached a tipping point as this series of images from Cyprus ATM lines indicates - the bank-jog has arrived. When will it become a full blown sprint?

bank run in progress

It seems we are heading towards a financial crash before summer. The markets are presently very volatile with the VIX index climbing like a F 35 on afterburners.

Italy has indicated a coming 10-15% levy on all bank accounts, Spain is preparing some really juicy surprises for their citizens and the newspapers are blasting doom porn.

Putin smiles and offers Cyprys a bail out if they agree on a permanent naval base on cyprus for his fleet.

Much going on now..

I never really got the point of a bank. Especially when interest rates are are in the .00001 area.

You need a check for something get a money order.

You need a card number for something get a refillable.

Sure, keep some token less than $1k in there if you want but there really isnt any reason to have a savings or checking account in a bank.

Yeah, it's "insured" but what is that worth these days?

reply to post by johncarter

Somewhere I heard the banks are closed now till Tuesday. That will be extended. Well they aren't technically closed, the ATMs are still "rationing" cash.

See, a crash like in 1929 in America was so hard because as the situation got worse nobody though to pull the plug on trading or a run on the banks. Nowadays there are safeguards (computer programs) that monitor stock trading and bank deposits in order to prevent it. As soon as Cypress Bank detected the run, they shut their doors and only keep the ATMs open to dribble out just enough for people to survive on. The bank, rationing_your_money.

The people still line up because they don't trust their debit cards to be good from one day to the next. They prefer that "cash comfort" in their wallet opposed to "money in the bank". And they keep going back to get more (as much as they can). Its indicative of mistrust and a little panic. They want all their money, but the bank won't open to give it to them. If they did, everyone would "run" to the bank and they would have to shut the doors again. Its a charade and everyone knows it.

The people of Cypress are being held hostage right now by the banksters that are praying for a bailout. My guess is they will get it. They have to, otherwise...

coming to a major city near you.

Do you remember back in the 20s.... back then the bigger banks created a panic causing people to empty their accounts including the smaller ones. They started crashing and the big fish bought up the small ones..... but the crisis still came.
The irony is that you can empty your bank account, but the value of the money you take out will soon be next to nothing.... worthless....

A war will come soon. It all depends who will act first; the citizens of the world.... or the governments. Once they start to realise that we have gotten too strong and too angry they will find a common enemy and misdirect us towards them at what ever cost.
Those is power have no integrity or moral..... they only aim to stay in power.

Hai, never understood this whole bankrun thing? I see this comment allot here on ATS, take your money and go.

Thing is, doing a run on the bank will hurt yourself more, also when the banksystem fall's your money becomes worthless, My advice? Buy now what you always wanted to buy, and enjoy while it lasts...

Pottersville: Coming soon to your country. And right quick.

reply to post by johncarter


Live on RT now...
rt.com...

Simple solution. Forcibly remove all ATM's, break them open, and give each person the amount that they had deposited in the first place.

Not really what I expected, tat is, if similar happened in America the lines would be BLOCKS long. I would say they are using great self controll. The guy that drive the tractor into the bank? Now that's American style!

Originally posted by intrptr
reply to post by johncarter

 

Live on RT now...
rt.com...

Video feed is down

Wow.. ATMS aren't going to last very long.. there's not much cash in them..

This will be closely watched by all the western nations, to see just what the people do when the banks don't give them money.

I think they should close all airports.. What ever you do, do not let the bankers and the greedy rich leave the country with suitcases full of wealth!