Monday, May 29, 2017

Winston Pfiester/DC Explains What "Banks on Lockdown" Means 5/29/17

April 11, 2015   Excerpt from the TNT call.   Tony's partner in crime, Winston Pfiester (DC Guy) explains what the terms "lockdown" means:
Ever wonder what was meant when you hear that banks are on lockdown?  Well, a caller asked Tony and DC that question on the Friday call.

  Be sure and keep in mind that banks say they have no idea about any RV of Iraqi currency and no financial expert seems to know anything about this either.  You'd think it would have made the news somewhere.  But for years Tony, Okie and the others have told us the banks have been in lockdown.  Also the Gurus have reported that the US Treasury was supposed to have been in lockdown numerous times too.  

C:  ...are on lockdown.  Yeah.  When you say the banks are on lockdown, what is your interpretation of lockdown?

DC:  Okay.  So lockdown at different levels are different, so let’s go through all those so we can make sure, because I don’t say they’re on lockdown unless I know many different levels.  So for example, if the Central Bank is, CBI is locked down that typically means guards at the doors, not letting folks go through, and a few of the key technical staff have to actually stay physically at the CBI or at a very nearby location where they can keep them under, monitored, etc.  That’s restricted phone use, that’s restricted internet use, etc.  That general scenario continues at, is the same thing at an exchange center here in the bank, er, here in the US.  Let’s just pick on Dallas, for, ‘cause we’ve talked about Dallas a ton or Atlanta or D.C.  We’ve talked about all those areas, and typically what that means is those who are going to be doing the exchanges themselves who we, we lovingly refer to as the “exchangers” like the actual person that’s going to be taking in our, our currency, has been trained in order to, how to count them, look for counterfeit, to make sure we follow all the rules and go through, those people are then put in a, basically with the doors locked, security, and their phones are typically taken away.  They’re not allowed internet use, or if they are it is highly, highly restricted and the, it’s only one way, and they are there some, oftentimes many banks have, literally have cots or have set up kind of a, sleeping arrangements for them to stay there, and that is what we’re meaning towards lockdown.  They’ve done that a lot of law enforcement agencies who are at, who are assigned to the revaluation duties, who, they’ve done that with, we’re very grateful for, they’ve done it with folks at the US Treasury, folks at the Fed, folks at the BIS, the IMF, all, and also other international banks all have a similar scenario in order to restrict those folks.  When we have a lockdown we literally mean they have locked them down.  They cannot move. 
T:  And those who do move are escorted wherever they go, right?

DC:  Correct.  And phone use is, and they’re also, one thing that amazes me in this process is that how many and how long...how many bankers and how long they have put these poor guys and gals in there, because like if you go in the Army you go in intelligence agencies, or you go into kinda, you know, more combat-ready experience, you are expecting to have certain liberties taken away.  You expect you will be deployed or you expect you will be, you know, running 24 hours, you know, for weeks on end for some time and, you know, you’re sleepin’ on the ground, sleepin’ on the back of a Humvee or wahtever, you kind of expect that.  When you go into banking, you go into banking because you like the pay, you like working with money, and because you like a pretty good lifestyle.  And so having the federal government and a bunch of scary marshalls and everything else sitting at the door with guns and everything else and restricting you from doing the most basic functions are not why you get into banking.  It’s not what you ever signed up for, nor you did everything else, so therefore it is, it just blows me away that they’ve done that.  Now have they been compensated, have they been everything else to do so?  Sure, but it is not standard operating procedure for bankers in the slightest, and I think we can all very easily see that.

  So it’s safe to say....

  And now, those are bankers, the big guys.  When you get down to managers and tellers and, and you know, people doin’ the exchange, you know it’s drivin’ them crazy.  I mean absolutely goin’ crazy.

DC:  And their families’ are crazy, are you, dad can’t pick me up today because he’s locked down?  I mean, come on, I mean, this does not sit well with their whole system.

C:  So are we expecting another lockdown over the weekend, I would assume.

DC:  They are already on lockdown.

C:  All the banks, all the banks are on lockdown in the US.

DC:  Yes.  The ones that they choose to, yes.  It’s a, you know, it’s a bank-by-bank decision, but yes.

C:  Okay, so it’s not all the banks that you see....

T:  Now, not all the banks, not all the people, so I don’t want everybody to say he said that.  People who are involved in the exchange process.


T:  That’s what he’s talkin’ about.


C:  Okay.

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