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“Cash Delay” Deliveries Strike Polish ATMs As People Panic Hoard Amid Ukraine Crisis
“Cash Delay” Deliveries Strike Polish ATMs As People Panic Hoard Amid Ukraine Crisis Russian forces continue to invade Ukraine for the second day, causing mass panic in neighboring countries. Poland, which has a 326-mile border with Ukraine, is bracing for a wave of refugees. The spillover of chaos is also causing Polish people to panic hoard cash […]
ATMs Spitting Back Bank Cards In Lebanon As “Dollars Have Virtually Disappeared”
ATMs Spitting Back Bank Cards In Lebanon As “Dollars Have Virtually Disappeared” Though banks reopened this week in Lebanon, with the country’s financial institutions remaining front and center in massive anti-government protests amid accusations of corruption and wild mismanagement, withdrawal limits have now been made official by the country’s Banks Association — previously unofficially enforced. The formal controls now include limiting […]
As Hong Kong ATMs Run Out Of Cash, Central Bank Steps In To Prevent “Panic Among The Public”
As Hong Kong ATMs Run Out Of Cash, Central Bank Steps In To Prevent “Panic Among The Public” As the violence in Hong Kong escalates with every passing week, culminating on Friday with what was effectively the passage of martial law when the local government banned the wearing of masks at public assemblies, a colonial-era law […]
Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures?
Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures? Banks are curtailing “cash services.” But why? In Australia, banks are reducing ATMs by about 8% a year. In the UK, ATMs — or cashpoint machines, as they’re termed locally — are disappearing at a rate of around 300 per month, […]
How A North Korean Electromagnetic Pulse Attack Could Kill Millions And Turn America Into A Post-Apocalyptic Wasteland
How A North Korean Electromagnetic Pulse Attack Could Kill Millions And Turn America Into A Post-Apocalyptic Wasteland This is why North Korea’s test of an intercontinental ballistic missile is so important. North Korea had test fired a total of 22 missiles so far this year, but this latest one showed that nobody on the globe […]
Bank of China ATMs Go Dark As Ransomware Attack Cripples China
Bank of China ATMs Go Dark As Ransomware Attack Cripples China In the aftermath of the global WannaCry ransomware attack, which has spread around the globe like wildfire, a significant number of corporations and public services have found their infrastructure grinding to a halt, unable to operate with unprotected if mission-critical computers taken offline indefinitely. […]
A Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe
A Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe Last week the Greek government imposed capital controls to prevent cash from escaping from the Greek banking system, which is on the brink of collapse. These repressive financial measures, which were invented by “Hitler’s banker” Hjalmar Schacht in the 1930s, include the closing of banks, limiting cash withdrawals from […]
Forget Greece … China Is the Real Threat
Forget Greece … China Is the Real Threat When the ATMs Went Dark … There’s a time for calm, rational behavior … and a time to panic. On Tuesday, investors in U.S. stocks decided not to panic. Monday’s sell-off halted. But it did not reverse. And it left the street with its worst half-year performance since […]
And So It Begins – Greek Banks Get Shut Down For A Week And A ‘Grexit’ Is Now Probable
And So It Begins – Greek Banks Get Shut Down For A Week And A ‘Grexit’ Is Now Probable Is this the beginning of the end for the eurozone? For years, European officials have been trying to “fix Greece”, but nothing has worked. Now a worst case scenario is rapidly unfolding, and a “Grexit” has […]
