The Briefing Room
General Category => World News => Topic started by: Elderberry on July 21, 2022, 12:20:15 am
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HeadlineHunter! 🚨 Alerts
BREAKING: Tanks have been deployed on on the streets of China to protect the banks — Due to the Henan branch of the Bank of China declaring that people's SAVINGS in their branch are now 'INVESTMENT PRODUCTS’ and can't be withdrawn (WallstreetSilver)
From
Wall Street Silver
11:50 AM · Jul 20, 2022
https://twitter.com/headlinehunter_/status/1549798923061141506 (https://twitter.com/headlinehunter_/status/1549798923061141506)
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@Elderberry
See,even the hard core chi-coms know what's important when the rubber meets the road.
Or at least they understand that it is important to THEM,if not the peons. They OWN the country and the banks,so by extension,they own the peons.
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Whoa. Red siren the bank is insolvent and they don't want a run.
Very serious stuff.
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HeadlineHunter! 🚨 Alerts
BREAKING: Tanks have been deployed on on the streets of China to protect the banks — Due to the Henan branch of the Bank of China declaring that people's SAVINGS in their branch are now 'INVESTMENT PRODUCTS’ and can't be withdrawn (WallstreetSilver)
From
Wall Street Silver
11:50 AM · Jul 20, 2022
https://twitter.com/headlinehunter_/status/1549798923061141506 (https://twitter.com/headlinehunter_/status/1549798923061141506)
Well, I tell ya, when COVID hit and I went to withdraw money from our bank and there was a sign on the door that the bank was closed and you could only make 2 transactions per day and not exceed $500.00 through the drive thru, we now only keep what we need in the bank to pay bills.
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Whoa. Red siren the bank is insolvent and they don't want a run.
Very serious stuff.
This is very serious. This is going to have a huge negative impact on our economy; especially because China is only going to buy oil from countries using their own currency.
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This is very serious. This is going to have a huge negative impact on our economy; especially because China is only going to buy oil from countries using their own currency.
I doubt there is a more scary scenario to the financial world than a widespread bank run.
It can collapse the whole shebang within days. We have never had one in the modern, interconnected global economy to date.
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I doubt there is a more scary scenario to the financial world than a widespread bank run.
It can collapse the whole shebang within days. We have never had one in the modern, interconnected global economy to date.
That's just it, the economy that exists is a global economy and anything that rocks that boat means we may all go down; it possibly could have a domino effect and we sure as heck can't depend on Yellen to make any smart moves, nor Joe. They have already contributed to the collapse of our economy.
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HomeWorldVideo Shows Tanks Protecting Crisis-Hit Banks In China, Internet Says "History Repeats Itself"
A video showing tanks lined up on a road in China has shocked the internet. Quoting local media outlets, users on Reddit say that the footage is from Rizhao, in Shandong Province and the tanks have been deployed to protect the local branch of a bank at the heart of a scandal. The issue first surfaced in April when South China Morning Post (SCMP), in an article, said that residents of Henan and Anhui provinces were denied access to the bank accounts due to a "system upgrade".
Since then, bank deposits at Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank and New Oriental Country Bank of Kaifeng in Henan province and Guzhen Xinhuaihe Village Bank in the neighbouring Anhui province have been affected, SCMP said..................
...............The locals hit by the banking crisis, one of the worst in recent years in China, claim 40 billion yuan (US $6 billion) in deposits have disappeared and have been protesting demanding access to their savings.
They have been told to "wait patiently", SCMP said in a report on Monday. Some of the people with less than 50,000 yuan (US $7,400) received their money last week but others are still waiting................
https://www.ndtv.com/world-news/video-shows-tanks-protecting-crisis-hit-banks-in-china-internet-says-history-repeats-itself-3175812
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https://www.zerohedge.com/markets/we-decided-stop-paying-all-loans-chinas-mortgage-payment-boycott-spreads-property-suppliers
This is big.
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BTTT
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An economic collapse in China would be .... interesting.
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HomeWorldVideo Shows Tanks Protecting Crisis-Hit Banks In China, Internet Says "History Repeats Itself"
They have been told to "wait patiently", SCMP said in a report on Monday. Some of the people with less than 50,000 yuan (US $7,400) received their money last week but others are still waiting................
@libertybele
These people must be Party bureaucrats,because I just can't picture Chinese drones working in factories owned by the rulers ever being able to save that kind of money.
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An economic collapse in China would be .... interesting.
@Kamaji
Truly!
For one thing,where would all the allegedly 'murikan auto and every other manufacturers get their cheap Chinese parts from that they charge American Union prices for? IIRC,one series of GM automatic transmissions are ENTIRELY made in China. GM even build a factory there and send UAW workers there to show them how to set it up and run it.
And GM is just ONE example. I wouldn't be surprised if more than 75 percent of the tools,car parts,tv sets,and other consumer goods we buy was made in China.