With some 80 million people expecting stimulus money to hit their bank accounts starting Wednesday in the biggest and unprecedented instance of the government passing helicopter money directly to Americans’ pockets in history, there are bound to be mistakes and errors.
A volunteer firefighter in New Chicago, Indiana was awaiting a $1700 stimulus payment but upon withdrawing a mere $200 from his dwindling available balance at an ATM last Friday was shocked to find his remaining balance $8.2 million.
The story originated in WGN9 Chicago and quickly went viral:
“I went to the ATM at the Family Express and once I withdrew $200 out of my account I looked at the available balance still left in my account,” he said.
He said his account had $8.2 million in it. He was only supposed to receive $1,700.
Not believing what he was seeing, he ran his card again but it said the same thing.
The millions may have stayed in his account over the weekend before it appears someone on the other end realized the massive error. Calvin says he notified his bank upon opening in order to investigate the funds’ origins.
In disbelief he had gotten both a friend and store clerk to verify that what he was looking at was real.
He went to the clerk at the gas station where the ATM was to ask if there was something wrong with the machine, but no issues had been reported, he recalled.
“I showed her the receipt and she looks at the receipt, she looks at me, looks back at the receipt,” he told NBC Chicago in a separate interview. “She said, ‘You have this much money in your account?’ I said, ‘No, I am poor. I’m over here trying to get money out so I can pay my rent’.” — CNBC
By Monday the bank said they didn’t see that balance in his account anymore, but did verify his stimulus money was sent. CNBC later reported the bank thinks it was actually an ATM error.
“It kind of sucks,” Calvin told WGN9. “You go from being a millionaire one second then back to being broke again. But hey, once you’re poor you don’t have anywhere else to go but up.”
It’s still unclear exactly what happened, but its entirely possible that with Washington passing around trillions – it could very well happen again.
“Calvin still isn’t sure if this was an error on behalf of the federal government, his bank or the particular ATM he used, but he said he’s just glad he did end up with the amount he was entitled to,” WGN9 wrote.
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if you suddenly found $8 million in your account, what would you do?
Anything other than reporting it to the bank and NOT spending it, will likely put you in jail. Indeed, it is all just funny money, but ultimately it is all also STOLEN money too. If you knew the money came from Bill Gates directly, or the CEO of the bank directly…well, then take it and run, and fuck ’em.
Step 1 – find list of countries that do not have extradition treaties with the US.
I would have figured it was just inflation on the stimulus check from Uncle Sugar, and would have been stimulating the economy!!
Thats what they told me it was for, right??
WFO stimulating!! But not in a “Brewsters Millions” kind of way…..God bless old Richard Pryor….
And I would change my name, appearance, and any other identifying characteristics, and relocate to an undisclosed location, ASAP.
This is true stimulus . Bojo would have bought a new truck, new house, new teeth, and probably bailed out a slew of friends and family that made bad decisions , too. But naw, Uncle Sugar gives the billions and millions away to the feckless corporate elite who do nothing but sock it back in the stock market for another spin of the wheel instead of the people who will spend it locally therefore actually doing some real good for real people in need.
Vox Day has never spoken so much truth in so few words as this from a blog post yesterday. The fiance industry is nothing but parasites on steroids. They will most certainly kill the host and government seems powerless to do a damn thing to stop it.
“The financial industry doesn’t lubricate the economy. To the contrary, it is both a huge parasite and a massive anchor that drains more than one-third of ALL corporate profits out of the real economy. To put this in perspective, the total amount of all retail trade profit was $154 billion in 2018. The total amount of all transportation and warehousing profit was $55.6 billion. The total amount of all food, beverage, and tobacco profits was $50.5 billion.
The total amount of financial profit was $448.3 billion, and that almost certainly understates it. If you want to know what is wrong with the economy, the answer is “the transfer of profit to the financial institutions” which is done through ever-expanding debt. This is why either a debt jubilee or mass defaults and the total collapse of the US economy is absolutely inevitable.”
http://voxday.blogspot.com/2020/04/the-financialization-of-us-economy.html
“The financial industry … drains more than one-third of ALL corporate profits out of the real economy”
and puts it where?
Up their noses.
“Cocaine is Gods way of saying you make too much damn money.”
– Robin Williams
“Up their noses”
ok, that might account for about .001 of it, what about the other .999?
And how many billions were “accidentally” deposited into the accounts of the ruling elite? We can’t even get the Federal Reserve audited. Who believes any of this will ever be subject to any REAL or HONEST audit?
An “ATM error” uh huh. Wonder how many specially chosen people got the big deposits. The only reason it came back out of his account is because someone else noticed it was missing from theirs.
And Iraq was only going to cost us $21 billion, with the rest covered by foreign investment and oil revenue.
$3 billion, it was a slam dunk according to Tenet.
The wall was going to cost $21 billion.
SMH