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Cash Machines Crash Across America

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Following rumors of a “bank holiday” that could limit or prevent altogether cash withdrawals later this week, Twitter and other Internet forums were raging yesterday about numerous ATMs across the country that crashed in the early hours of Sunday morning, preventing customers from performing basic transactions.

It’s unknown whether the crashes were partly a result of a surge of people trying to withdraw their money in preparation for any feared bank shutdown, or if mere technical glitches were to blame. The fact that the problem affected numerous different banks in different parts of the U.S. would seem to indicate the former.

The Orange County Register reported that the problems were “part of a national outage” which prevented people from performing simple transactions such as cashing checks and withdrawing money.

“Computer issues” were blamed for similar issues in Phoenix Arizona, while in Birmingham Alabama, Wells Fargo customers’ online banking accounts and ATMs displayed incorrect balances.

The banks primarily affected were Wells Fargo, Chase and Bank of America, but according to blogger Phil Brennan, who studied Twitter feeds and other Internet message boards that were alight with the story, numerous other financial institutions were also affected, including US Bank, Compass, USAA, Suntrust, Fairwinds Credit Union, American Express, BB&T on the East Coast and PNC.

“Twitter is going crazy with reports of ATMs and online accounts going down as of 01:00 hours EST of the 7th of November 2010,” writes Brennan. “This is happening to many banks all across America. Some are trying to say that it is a computer glitch to do with the change in Daylight Savings Time, but I will call BS on this as we manage to put our clocks back over here in the UK without knocking out ATMs and online accounts nationally.”

Brennan questions whether the outages were the first warning shots in a move to “devalue the dollar,” just days after Federal Reserve chairman Ben Bernanke sparked an international currency war by announcing that the Fed will buy $600 billion of U.S. government bonds over the next eight months.

Any perceived inability of banks to deal with a sudden demand for cash would undoubtedly place in peril the United States’ triple A credit rating and spark a fresh dollar crisis.

“In the light of what is going on geopolitically, I am still very suspicious about the reasons for this mass downtime of ATMs and Online Accounts, adds Brennan. “There is still a very distinct possibility that November the 11th will turn into an extended Bank Holiday so I would advise all those who can get their money out of their banks to do so, even if you have to pay your upcoming bills manually.”

As we reported last week, the “bank holiday” rumor has reared its ugly head once again, after a story emerged that a pastor was told by one of the managers of a prominent east coast bank that banks would close for an undetermined amount of time, and that when they reopened, “all withdrawals by checks would be limited to $500 per week – no matter what the balance in the account is.”

Though the story is still an unconfirmed rumor, banks have been preparing for limiting withdrawals. As we reported back in February, Citigroup sent an advisory to its customers at the start of the year which stated that the bank reserved “the right to require (7) days advance notice before permitting a withdrawal from all checking accounts.” The advisory stoked fears that financial institutions were preparing for bank runs.

While we still think this new bank holiday rumor will subside as the previous two did earlier this year and last, in the current economic climate it would be foolish not to keep at least a small amount of your savings in physical cash. The current financial turmoil has been likened with the post 1929 period, during which newly elected Franklin Roosevelt declared a “bank holiday” that lasted four days, therefore such a scenario is not without historical precedent.

http://www.prisonplanet.com/atms-crash-across-the-country-after-bank-holiday-warning.html

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I went to Tesco earlier - all the fridges and freezers had broken down - I am anticipating massive food shortages and possible riots.

I popped an extra tin of beans in the trolley just to be sure :)

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Any better links for this than prison planet?

If you choose not to listen to what is being said that is your affair.

I don't think you can discount an operation that regulary carries economic articles from such luminaries as former Wall Street Journal editor Paul Craig Roberts.

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I went to Tesco earlier - all the fridges and freezers had broken down - I am anticipating massive food shortages and possible riots.

I popped an extra tin of beans in the trolley just to be sure :)

You was robbed. They are doing buy one get two free on Branson beans.

If you choose not to listen to what is being said that is your affair.

I don't think you can discount an operation that regulary carries economic articles from such luminaries as former Wall Street Journal editor Paul Craig Roberts.

Fair enough, I just thought if a chunk of the US ATM network had gone down there might be something about it on CNN or Fox or RT or Al Jazeera or something?

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Any better links for this than prison planet?

I think they are running the same story on Illuminati-reptile-drank-the-blood-of-my-unborn-child.com

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Goody - it's a while since we a had Jim Willie style bank holidays/Embassies issued with Ameros/COMEX default/hyperinflationary holocaust type thread and my tinned tuna is getting ever closer to the sell by.

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You was robbed. They are doing buy one get two free on Branson beans.

Fair enough, I just thought if a chunk of the US ATM network had gone down there might be something about it on CNN or Fox or RT or Al Jazeera or something?

You're saying Beardy is doing beans now? The damn man's taking over the world.

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Goody - it's a while since we a had Jim Willie style bank holidays/Embassies issued with Ameros/COMEX default/hyperinflationary holocaust type thread and my tinned tuna is getting ever closer to the sell by.

:lol:

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Goody - it's a while since we a had Jim Willie style bank holidays/Embassies issued with Ameros/COMEX default/hyperinflationary holocaust type thread and my tinned tuna is getting ever closer to the sell by.

The problem is the Alex Jones types can obscure the truth every bit as much as the mainstream media, by going too far the other way in peppering their reporting with cranky stories, thereby causing rational human to ignore everything they say. The truth lies somewhere in between, not that it makes it any more palatable.

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And to think that Blackhawk Ben has just printed $600 billion and now there's a shortage at the ATM's :ph34r:

This is hot money to help the banks in their casino activities and will not benefit ordinary people in any way.

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The problem is the Alex Jones types can obscure the truth every bit as much as the mainstream media, by going too far the other way in peppering their reporting with cranky stories, thereby causing rational human to ignore everything they say. The truth lies somewhere in between, not that it makes it any more palatable.

Like when he said back in 1999 that you should buy gold.

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Like when he said back in 1999 that you should buy gold.

It's the monkeys with typewriters... complete works of Shakespeare, eventually, etc.

From time to time I have trouble withdrawing cash from cash machines, and it's always a technical glitch - network problems, recent buggy software upgrade, bad card, etc. etc.

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What's interesting about this is that it could cause a run on the banks and thus a banking crisis on it's own .. It would be very interesting to see what the US government would do if there were a run ..

Do they go with the people and let them have thier money (and print like hell) or do they go with the banks and screw the people ?

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  • 150 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
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      • up 5%



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