Ladywell cash bonanza

Some localised Quantitative Easing is taking place. Ladywell now has a free cash machine. On Twitter, Lara confirms that the cash machine at the Post Office on Algernon Road lets you take out cash without charging you for the privilege. For a while it looked like paper money would be phased out altogether before this area got a free cash machine, but over the last few years, our financial system has entered the 20th century.

15 comments:

Hugh said...

Count the spelling errors. Sorry, typos.

Brockley Nick said...

Such as?

Hugh said...

The ones you edited out, thanks to Hugh.

Schooling all comers since the net began.

john halfpenny said...

Great news!! This is bound to lead to house prices rocketing, hooray.

Tamsin said...

Ooh! free cash machines. Normally I can't get any better rate than £10 for £10... (Anyone remember Augusta's grandmother in the Evening Standard comic strip shopping around for Premium Bonds?)

Actually, I did once find a free cash machine. A pay and display parking dispenser in Swindon that one evening (decades ago now) was dishing out more money in change than was being put in to buy a ticket. We worked this bonanza for a while until it became embarrassing to stay there any longer. When we came back after whatever event it was that we were parking for there was an "Out of Order" notice on it!

mid-towner said...

Still no free cash withdrawals in our neck of the woods :-(

Fresh food also pretty scarce.

tut tut said...

I hope the decades since have taught you that there's no such thing as a victimless crime, Tamsin!

Tamsin said...

I think Swindon Council could spare us a few pounds.

Not sure about no such thing as a victimless crime - I think the case of the computer programmer with one of the major American banks (again decades ago - they secure against it now) who put in a bit of code that took the rounding down of the fractions of a cent on thousands upon thousands of interest calculations and instead diverted this otherwise non-existent money into his own account comes pretty close.

A spot of personal quantitative easing that might have had a miniscule and unmeasurable effect on the economy as a whole but otherwise was creating absolutely real money out of nothing.

Anonymous said...

There are a lot of local people growing their own plants in their attics for themselves and friends. I'd say that's pretty victimless.

Anonymous said...

Is it in the post office so only available during limited opening hours or outside so available all the time? Mind you, found out recently the tavern does cash back for 50p.

Danja said...

instead diverted this otherwise non-existent money into his own account comes pretty close

He was just stealing from the shareholders. It is tradition to mention pension funds at this stage.

Like it would be the disabled geriatric council tax payers of Swindon in your case.

Tamsin said...

How was it stealing from the shareholders? Until it was found out when presumably the reputation of the bank took a bit of a knocking and the value of the stock might have been affected.

What was passed from the bank's pot of money (if there is such a thing) for paying interest to the individual customer who was due to receive it was the sum $XX.yy. The $00.00zz generated hypothetically and deep in the machine by the mathematics (before it hits the coding saying only go to two decimal places) was simply preserved and collected rather than fading back into non-existence. Times millions of calculations.

Danja said...

They didn't not exist, that's a fallacy. They added up to a large amount of money which the bank would otherwise have had.

Anonymous said...

The Wickham does cash back for nothing.

Anonymous said...

The Wickham does cash back for nothing.

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