Well's Far Gone had a "little" accident, the smoke alarm, unknowingly, triggered a shut down of all of their ATM servers.
Speaking as someone who has worked with server farms...
In the world of 24/7/365 servers, there isn't a single point of failure.
Their can't be.
Failures are too costly, and highly worked machines show any potential failures fairly quickly.
However, there is the off chance that it was a one time, one in a billion shtupid error that caused Well's FarGone's ATM servers to all go down at once. But, if that was the case, than they should have been rebooted, resynced, and put back on-line before the news ever had time to report on it.
Leaving the only real reason that explains all of the actions of Well's FarGone as something is seriously wrong, and they are playing a shell game to stay going for a little bit longer.
There are rumors that Well's FarGone is asking for a bail-out...
however, these are just rumors, as there won't be any more bail-outs.
After 2009 the laws for banks were rewritten (by the banksters themselves) and now, the next step for Well's FarGone is to take all the money from their customer's accounts; That's right, a bail-in.
Don't act all surprised and shocked! This has been reported by the alt-media for years.
The actual, next place that Well's FarGone will go to get money is your bank account.
Most people think that they have money in the bank.
And that if the bank closes, the return of their money will be the priority and they will be first in line.
Unfortunately, neither are true. In fact, the opposite is true.
When you went to the bank to "deposit" your money, what really happened was that you gave the bank your money in exchange for an entry in your account-book. Isn't that a lovely entry?
If you knew that all you got was that entry in your account-book, would you have given them your money?
Well, that's exactly what we have been doing for years.
The bank is under no obligation to give your money back to you.
That's correct, you can't even sue them to get your money back. You GAVE it to them.
Your money is Well... Gone.
Now, as bankruptcy proceedings go (its not called bankruptcy anymore, because a bank CAN'T go bankrupt) there is an order in who gets paid out first.
Secured loans
Derivatives
Accounts Payable
Unsecured loans <--- your money
Basically, your money is gone, and all you can hope for is that the FDIC pays you... with your tax dollars.
(The FDIC doesn't take in near enough money on their insurance premiums to handle any single large bank closure)
So, understand, you gave your money to the bank.
They are under no obligation to give it back
This goes for every financial instrument you (think you) own. (your 401k for instance)
This even goes to all the money you may have in a safety deposit box.
Its on the bank's property; it is the bank's property.
A good video on this subject:
Silver Report Uncut - Economic Collapse News - Wells Fargo Can Liquidate Customer Accounts. All About Bank Bail-Ins
