Category Archives: ATM
A Gift From The Oldies
By Chris at www.CapitalistExploits.at I bumped into a friendly bloke at my local gym last week. Jim is his name. Jim tells me he just started because, and I quote, “my doctor says I’m going to die unless I do something”. Now, I assure you it doesn’t take a doctor to figure this out. One glance in […]
Crypto-Cornucopia Part 5 – “We’ll Be Lucky To Survive On Our Own”
Authored by Dr. D via Raul Ilargi Meijer's The Automatic Earth blog, Part 1 "Bitcoin Is A Trust Machine" here. Part 2 "This System Is Garbage, How Do We Fix It?" here. Part 3 "A System With No Justice, No Order, No Rules, & No Predictability" here. Part 4 "Without It, You're Talking Mad Max" […]
Puerto Rico Without Electricity, Wifi, ATMs Shows Importance of Cash, Gold and Silver
Puerto Rico without electricity, wifi, ATMs shows importance of cash, gold and silver – Most of Puerto Rico remains in the dark and without power three weeks after storm– With widespread power failures, Puerto Rico remains cash only with retailers only accepting cash and few consumer having cash– Shortages of food, fuel and medicine with infrastructure […]
“You May Be Hopping Mad When You Finish Reading This”
Submitted by John Mauldin of Mauldin Economics Uncle Sam’s Unfunded Promises Here’s a surprisingly profound question: What is a promise? Dictionaries offer various definitions. I like this one: “An express assurance on which expectation is to be based.” That definition captures the two-sided nature of a promise. One party offers an assurance, which the other […]
Georgetown Bank Teller Steals $185,000 From Homeless Customer With Garbage Bag Full Of Cash
Where did all this money come from? That’s probably the first question that Phelon Davis of District Heights, Maryland, asked himself when a homeless man shuffled into the Wells Fargo branch in Georgetown where Davis worked as a teller three years ago and tried to deposit a garbage bag full of cash. His next question […]
Has France Been Bought By A State Sponsor Of Islamic Terrorism?
Authored by Drieu Godefridi via The Gatestone Institute, It is through these tax breaks that the Qataris are buying the "jewels" of France. The U.S. is not selling its defense companies to Qatar. Thanks to its huge gas and oil reserves, Qatar has the highest per capita income in the world and huge reserves of […]
Housing Bubble 2.0: Home Equity Loans Soar To Highest Level Since 2008
It seems as though the practice of using one’s home as a personal ATM machine is making a ‘yuge’ comeback of late thanks, at least in part, to the same aggressive lending terms and attractive teaser rates that nearly sank the world economy just under a decade ago. According the Wall Street Journal and Equifax, […]
“The Taps Are Gushing” Hong Kong ATM Withdrawals Surge As Facial Recognition Fears Spread
Amid a crackdown on unauthorized mainland currency outflows by forcing ATM users to undertake facial recognition before cash is dispensed in Macau, Hong Kong ATMs are reportedly being hit by a massive surge in withdrawals from China's UnionPay bank cards. As The South China Morning Post notes, the mainland has been strengthening regulations since last […]
Vending Machines Are The Latest Threat To US Retailers
US retailers just can’t catch a break. In a bid to undercut US-based brands, “fast fashion” purveyor Uniqlo announced this week that it will begin selling its clothes in vending machines, a common practice in Japan, where Uniqlo’s owner, Fast Retailing Co., is based. All told, the company plans to open 10 machines in and […]