Zerohedge | July 7 2012 | Thanks asp
It seems IT professionals around the world are #failing as the ‘glitch’ that affected millions of account holders in the UK has leaped the channel and spread across Europe to infect Sberbank – which just happens to be the largest Russian bank. Via Bloomberg:
Sberbank Cards Not Working In Russia, Abroad, Company Says
Sberbank Says Working To Resolve Technical Malfunction :SBER RU
and from Interfax:
RUSSIA-SBERBANK-CARDS-MALFUNCTION MOSCOW. July 6. (Interfax) – Sberbank of Russia (RTS: SBER) has suspended credit and debit card operations due to a technical malfunction, the bank told Interfax. “All cards are not being serviced,” it said.
How many times did these glitches occur among the world’s largest and likely highest paid IT services groups before the European financial crisis pulled back the curtain and showed the proximity of the liquidty cliff for so many of the ‘biggest’ banks in the world?
Sberbank just happens to be the biggest Russian bank…
And this from Scout.com forum post:
It’s not about “IT glitches”, it is all about liquidity, or more importantly, the lack of it in the Western world banking system.
Can you say “bank holiday”? Get used to it.
Expect more of these “glitches” as the Western World, and any banks doing business in it, continue to teeter on complete fiscal collapse.
And looking at historical information when banks “go bad”, by far the biggest month is September. So, my guess at this time is to have your own position fortified (extra food, small bills in hand, etc.) before then for your own safety.
Or don’t believe me, listen to the “experts” like LA Coug and others. But they still won’t answer why we have a record number of banks insolvent, closed, and absorbed by the fewer banks that are nomilally solvent. And remember, the RBS and now Russia’s largest bank are having “glitches”. If you really believe that, I have a bridge for you to buy, and good news, I accept payment plans!
Do not listen to the MSM, they are lying and placating you as they are just puppets for their masters. They can easily generate imaginary statistics on how the economy is “improving”.
But their problem is they can’t produce imaginary food.
Real food is up to you.
You’ve been warned.
- Latest Bank ‘Glitch’: Largest Russian Bank Halts All Credit/ Debit Transactions (silverdoctors.com)
- John Ward – The RBS Glitch : Hester’s Hijackers Go From The Ridiculous To The Incredible – 4 July 2012 (lucas2012infos.wordpress.com)
- NatWest glitch ‘won’t be fixed until next week’ (thesun.co.uk)