The IT ‘glitch’ that has entirely shut down RBS’ NatWest Bank and halted ATM transactions at Russia’s largest bank Sberbank, has now spread to Germany’s largest bank, Deutsche Postbank.
Deutsche Postbank Friday reported its own IT glitch that has completely paralyzed its ATM’s nationwide.
While this entire string of 21st Century Bank Holidays has received zero MSM coverage, it is appearing more and more likely that the derivatives domino chain known as insolvency has been triggered.
Maintenance
Sunday, 08.07.2012 von 00:00 bis 06:00 clock
Font 
Due to technical maintenance work, with the following restriction on the supply of cash would be raised:
-
Withdrawals and deposits with the postal savings bank cards are expected on Sunday, 07/08/2012 from 00:00 to 06:00 clock in not at home and abroad possible.
Important:
The supply of cash in the mail Bankcard at the ATM is not affected.
We ask our customers for their understanding.
www.postbank.de/privatkunden/pk_wartungsarbeiten.html
And From Google Translate:
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
Maybe it’s just me but when you use the terms $1 billion Euros to build, ‘migrate’ to the new system and Magellan, my BS detector hits high gear. If memory serves me wasn’t Magellan the dude that circumcised the globe with a 50 clipper. I think he was the same ship’s captain that so screwed up he ended up in ‘Condition Dead’ on some south sea island. Prophetic if you ask me.
The natives did not take kindly to his ‘tude.
Moral of the story. Beware of bankers who use buzz words like migrate and the name of an erstwhile navigator to tout their BRAND NEW BANKING SYSTEM.
How ’bout this. If it works, don’t try to fix it, f***head.
Here’s a name for your new system. WRONG WAY CORRIGAN.
The captain’s name’s Magellan
He sailed the Good Ship Felon
He ground the Pound
Drove Libor down
Destroying Bankster Mellon
(I really need to get a life) Apologies to Wm Banzai7
so the hurricane is making land fall … with just a slight breeze and thunder in the background
Zinc you are correct just right now we’re only witnessing the larger than normal waves slam into the shoreline. The sky is still clear with a few wispy clouds forming.The storm that is building reminds me of Isaac’s Storm and the total destruction of Galveston, TX which is still the largest disaster and resulting death toll to ever hit the U.S.A. This building financial storm may eclipse even this disaster?
In the beginning of the 20th century a person by the name of Isaac Cline was the chief weatherman for Galveston, TX. Before the storm struck he watched as huge ocean swells slam into the usually calm seascape of the Gulf Coast of Texas. What he didn’t realize was that the greatest storm ever to target America, one where over eight thousand men, women, and children were destined to die was about to strike. At the time Galveston was the largest city on the Texas seacoast and was destined to become the NY Harbor of the Gulf of Mexico. After the storm roared onto shore all of that was changed forever.
Hopefully when JPM has their glitch it won’t affect the EBT system… otherwise its game on in the good ol’ USA.
The thing that is disturbing is there are way too many banks having ‘Technical Problems’ all at the same time. And it is happening in different countries too. Something is definitely cooking.
I’m with you HD somethings just not right. Maybe the banks don’t want the money to go out or they don’t have it. People are just getting to lazy anyway. I would rather go into to bank and withdraw what I need as I have never had an ATM or Debit card. I have been after my wife to give hers up but no “It’s so convenient” Sheeeeesh
I agree HD. How convenient for the Banksters if some anonymous hacker took down all their servers and all Traces of their CRIMES.
I’m with you HD somethings just not right. Maybe the banks
don’t want the money to go out or they don’t have it. People are just
getting to lazy anyway. I would rather go into to bank and withdraw what
I need as I have never had an ATM or Debit card. I have been after my
wife to give hers up but no “It’s so convenient” Sheeeeesh
Agreed! It is definitely one of the more likely scenarios that all these banks are past the tipping point and simply don’t have the cash to hand out. And so, they are all claiming ‘Technical Difficulties’ because others have done it and gotten away with it.
Another possibility is some sovereign state created some malware to cause these problems. There are a lot of possible reasons in this category.
Retribution for Stuxnet by Iran or Russia???A false flag attack to be blamed on Iran or Russia or China???Cover story for a much needed bank holiday by western governments???Cover story for much more invasive and over reaching financial repression???
The problem is, you can’t trust what ever they tell you. But what ever is cooking is serious.
Is anybody else having problems making the list feature work? You can click on the button with dots in the front of lines of text, it displays properly in the window where you are entering stuff… And then it posts all garbled together.Very strange!
Here is a test. This is line #1
This is line #2
This is line #3
and the last line
Check out how it lost its bullet points!
Ok glich problems with these country’s,
PS:Who is actively trying to undermine the USD as a reserve in trade with all other country’s. Who has been threaten with a lock out from SWIFT
Ain’t waitin, puling more cash out. Though it feels suspicious everytime I go to the teller for a couple thou.
Nothing To See Here
My idea of an ATM is having a nice stack of cash in the safe. Going into a bank today gives me the willies. It’s not easy knowing that most banks are dens of thieves and I am now in their lair.
AG; Im with you on the fat stack of cash. besides we do not have to wate in line.
Here is the wierd part jj83. If you go into the bank to deposit or withdraw a couple of thousand, you are quite likely to be scrutinized by the banker if they don’t know you. My wife had to fill out a treasury form for $3,000 WTF?
The ‘Know your banker’ mandate in effect is just a precursor to currency control cropping up in many of the Euro zone countries. Retreiving cash from your ATM, outside the prying spying eyes of the bankster is a good solution. Nibbling funds slowly to as to not alert of goon squad. Small even amounts on a daily/weekly basis is best. FYI
elementary understanding of LIBOR–aptly called LIE-MORE—can’t help but think
this is a smoke screen to cover up Bank Runs.
Here in the uk those that are unemployed used to have a choice of where thier benefits were sent, they could either nominate a post office where they could cash in a giro check, have it transfered directly to thier bank or post office account, or pick it up personally from the unemployment center.
A few mnths ago the ability to recive payment by giro check was recinded and it’s very hard to just go pick one up, and will now only be done as an emergency payment, you either have it transfered to an account or you don’t get your benefit.
The hair on the back of my neck stood up and started tingling when i first heard this, it kinda feels like the wolves are closing in on all sides and the sheep are being slowly hearded in one direction closer to the feeding pits, and with the so called glitches that started at Natwest and are spreading i’m so so so glad i started prepping so long ago.
Hi all,
I love a good conspiracy as much as the next foil wearer, but in this case I suspect the bank is not suffering liquidity issues. The Deutsche Postbank issue above is most likely as it says, a Telecom fix or upgrade.
OK time for a quick banking lesson on ATMs and POS (Point of Sale).
I have spent about 20 years working in IT depts of banks and in IT service companies that have Too Big to Jail banks as clients and have seen many major and minor IT Glitches, hell I even caused a nationwide ATM glitch all by myself during in the late 80′s.
ATM:
ATMs are stand alone devices that authorise transactions and bundle your requests (withdrawal, account balance, etc) and pass it to their host (centralised mainframe computer) to determine your accounts balance, update relevant databases and send back an authorisation to release cash in the case of a withdrawal request. Fairly simple process, but one that has a few points of failure.
1. Line failure: Either between an individual or cluster of ATMs to the host or as in the German issue above a failure of the the telecom line from the host to all ATMs.
2. No response from the host to the ATM’s requests (which could be caused by 100′s of different reasons).
In such cases where the ATM cannot communicate with its host it will go into “off host” mode which mean it can still process requests (hence it is a stand-alone device) but it cannot determine or update your account balance as your balance is maintained on the host. To help reduce fraud and potential losses the ATM will have pre-defined actions to take in case of going off host. Some ATMs in high crime areas will shutdown, most others will drop their maximum daily withdrawal limit (usually by 50%). Transactions performed by the ATM when off host are stored in its hard drive and are posted back to the host when the the ATM can see the host again. These actions reduces the risk of clients withdrawing more cash than exists in their account, as an ATM in off host mode hands over cash in the hope that you have the funds in your account to cover the withdrawal. A huge issue with druggies running from one ATM to the next hitting them for the maximum off host amount knowing full well they only have $5 in their account.
In the German issue above it is a planned off host situation and for an extended period so I suspect the prudent German bankers have decided to shut their whole ATM network than risk a 6 hour or more window of letting ATMs process off host.
POS:
Point Of Sale terminals are the card scanners in shops and gas stations. They are known as “dumb terminals” as they cannot act as a stand alone device, unlike an ATM. They have only enough smarts to determine the type of card, the issuer and verify the PIN. All requests, which is mostly cash out or transfer funds to the merchant require processing at the host, if a POS terminal losses contact with its host it is dumb and unable to process any requests. Most banks and card processing providers separate their ATM and POS networks as much as possible with the only point of intersection being the host with access to account balances and database update access.
Hence in the German example their ATMs will be down, but it seems their POS network will be still available.
I hope this provides some clarity for this issue, but I suspect there are some more complex issues at NatWest and particularly in France with regular “outages”.
Tears of the Moon;
Hi 427,
yes if you were in Australia, in I think 1989, my error caused caused the bank’s ATM’s to randomly debit your account for a withdrawal request, spit out your card but not dispense the cash. Those who went on to check their account balances were not happy and took it out on the branch staff – lucky for me I was safely locked away in the data centre
Tears this is good information and helps balance the conspiracy of bankers theories. I never was able to shut down the system at my bank. They never let me near that or the teller line, for equally important but different reasons.
lol that is funny!
Well guess what? I have gold, silver and copper in which their values are protected against another glitch called “Inflation”.
Hey AXIIK, you have never lived until you have taken down the bank, especially when you didn’t mean to. The funniest oops I ever saw was a member of my team shutting down the wrong mainframe system which took out the whole branch, ATM and POS network. 30 secs after issuing his shutdown commands he realised his error at which time he picked up the old cast metal mechanical keyboard attached to the system console and slammed it down on the desk whilst shouting at the top of his voice “Cock Sucker!” – at which point the gay bloke on the other side of the desk looked up startled to which my friend responded “Oh not you mate, the system” I kept him on for that comment alone
I have never had an issue at my Chase (yes my primary is with JPM) I take out 3k to 10k in a pop and all they need is a manager to come over cause the teller isn’t authorized to give that much (above 5k)
Just two bits.
Just had a guest over for dinner and I played him my favourite Gold & Silver video from my blog, so I thought I best share it with you all. No doubt some of you will be familiar with it.
Sorry IT Glitch, lets try that again…..
T moon, that’s a great vid. thanks I’ll pass that on!
I bow to superior abilities in taking down banks and had a good laugh at your work Tears. All I did was r*** the customers and chase the tellers–typical banker behavior of course. Just following the lead from my boss. But never fear, given a solid fulcrom and good levers we may be able to do the same—from the outside this time.
Tears, thanks for sharing. GREAT video!
Excellent video Tears… Thank you for sharing that with all of us… If more of the “sheep” could view this I believe MAYBE it would jar some of there rusted gears enough to get them to think… Hell what they are doing in the video is all we are essentially asking for… Well ok not really but it would be a start… Instead they give us toilet paper and plastic trying to say that is your money…
If we were to see some of the “glitches” here in the states I bet the majority of the “sheep” wouldn’t think much of it… Or yeah maybe it would be the topic of the week but you can bet not many would take the needed steps to get out of that system or to at least minimize there loss risk as most of us have done…
I’ve been seeing over the past 5 to 7 years a steady migration towards a complete digital system… My previous employer went as far as putting a $10 “surcharge” on a paper payroll check if you refused to direct deposit along with you would be mailed your check on pay day, taking another 3 or so days to reach you… 1 guy out of 500 plus employees insisted on a check… It just wasn’t worth the argument to demand a check and besides enough of my wages got deducted, I didn’t need to add to it…
Another example I have seen recently is Wells Fargo placing surcharges on accounts that don’t have automated deposits… Also if you aren’t a customer of theres they charge you if you walk in to cash a check from there… And if it’s more than $1,000 they request you open an account or take it to your bank and deposit it… They don’t want to cash it..
And I have also seen in some states that unemployment is paid only by direct deposit or a debit card that is issued… I actually saw in 1 case, and if I didn’t see the letter I wouldn’t have believed it, that because they were not using more than a certain percentage of there bi-weekly unemployment payment that is issued on the state card they reduced the payment amount… They said if the person wanted to appeal that they had 30 days and they need to be represented along with proof of needing said amount of assistance… I was blown away when I saw that!!
So in any of the cases just take the auto payment… Hit the happy machine as often as you can and get that fiat out of there hands… Convert what you can to physical!! I’ll be damned if anyone is taking anything of mine… STINKIN FISHES!!!!
I took all my cash that wasn’t needed out of my bank 3yrs ago and bought silver. There is a war on between metals and paper. The bank runs will eventually hit here. Don’t want to wait in line and MAYBE get your money? Pull it. It won’t take that many withdrawals to collapse the system, It’s gonna happen anyway. BTW, banks pay less than 1% on CDs. So if you had a $100k in a CD for a year, after taxes you might get $600 at best(then pay taxes on it?). For that reason alone, I pulled mine.