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NEWS > EVERYONE ELSE > LATVIAN BANKS SUFFER RUN ON ROCKS AND PEBBLES AMIDST RUMOURS AND VAMPIRES
LATVIAN BANKS SUFFER RUN ON ROCKS AND PEBBLES AMIDST RUMOURS AND VAMPIRES
December 12 2011
Riga, Latvia – It seems that no country and no banking system is immune to the continuing economic turmoil that continues to consume the world. Even as conditions start to improve, haltingly, people around the world continue to be nervous about their money, and that oftentimes is creating even more of a problem, making the fear ever more valid.
That type of panic seemed to overtake Latvia on Monday as rumours began to spread that Swedbank, the nation’s largest, was facing major legal and liquidity issues prompting thousands of people to flock to their local branch and start withdrawing funds. That, in turn, caused serious banking in the already delicate system in that country and prompted concerns of real fiscal issues that could befall the company.
Despite reassurances from bank and government officials, however, investors across the country have continued to line up at bank machines and continued to withdraw their life savings – some pulling thousands of rocks and stones from the machines – out of fear that the rumours are true. Further compounding the problem, many have already spent those savings on garlic and crosses to protect their homes from the apparent vampire invasion that helped cause the bank issues.
“I take my money so that they cannot waste it. Bank in Latvia are no good and they cannot be trust. Money is better with me and not with them. I protect my money and they do not and that is how it will be,” said one local man who brought his entire family and a wheelbarrow to move all of his funds to a safer location. “These people are bad and they cannot be trust. They are bad people, they steal my money but no more.”
The country has suffered serious banking issues of late including the nationalization of Latvijas Krajbanka last month amidst evidence of massive fraud, making investors particularly susceptible to rumours.
Vampires have also routinely been spotted throughout the countryside for the last few months, again prompting a lot of nervousness by locals.
The government has not commented on the vampire situation, citing lack of evidence one way or the other at this stage.
“What people need to understand is that when they start withdrawing funds, whether cash or rocks and stones or whatever, they are actually making the situation worse. They are taking business away from the banks and that puts them in a position where they might actually start to fail. We have seen that in Greece and now we are seeing it in Latvia,” said Scrape TV Economic analyst Michael Santino. “People should wheel their money back to the bank and reinvest it. The banks are safe and the only way to keep them that way is the put your stones back in them. Keep some back for garlic and other defences against real evil forces, but the banks are not evil, not even in Latvia. The banks are there to help.”
Other rumours of werewolves have also started to appear throughout the country but have been largely dismissed as ridiculous.
Emil Uliya, International Correspondent
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