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Chinese Tanks to Protect State-Run Banks: Money Is "Investment Product" No Withdrawals

Posted on 7/21/22 at 6:13 am
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
60874 posts
Posted on 7/21/22 at 6:13 am
quote:

Tanks are being put on the streets in China to protect the banks.

This is because 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branch of the Bank of China declaring that people's savings in their branch are now 'investment products' and can't be withdrawn.



https://twitter.com/WallStreetSilv/status/1549790086656581640?t=72DPpPExIHV1x7TDgvgSFA&s=19

https://twitter.com/WallStreetSilv/status/1549989765897928705
Posted by jimmy the leg
Member since Aug 2007
34707 posts
Posted on 7/21/22 at 6:15 am to
Commies are gonna commie.

Maograth is about to be poor.
Posted by Perfect Circle
S W Alabama
Member since Sep 2017
6861 posts
Posted on 7/21/22 at 6:16 am to
What's yours is mine. You'll own nothing and be happy.
Posted by Wisdomcries
BR
Member since Jul 2022
171 posts
Posted on 7/21/22 at 6:17 am to
Wow. I don’t think y’all realize how big that is and all it means that is going on in china
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 7/21/22 at 6:18 am to
Being our manufacturing back and stop investment and watch the country implode
Posted by Wisdomcries
BR
Member since Jul 2022
171 posts
Posted on 7/21/22 at 6:20 am to
If trump or someone like him was in office he would def read this as a sign of economic weakness and make moves to send a death blow to their economy. However, we have obiden in office
Posted by ScottFowler
NE Ohio
Member since Sep 2012
4162 posts
Posted on 7/21/22 at 6:25 am to
Never seen a run on the banks being blocked by tanks before.
A week ago a story came out that that all across China, people stopped paying their mortgages... Thousands of accounts stopped paying in protest.

Posted by Wisdomcries
BR
Member since Jul 2022
171 posts
Posted on 7/21/22 at 6:27 am to
Interesting
Posted by diat150
Louisiana
Member since Jun 2005
43727 posts
Posted on 7/21/22 at 6:27 am to
quote:

Being our manufacturing back and stop investment and watch the country implode


Big problem is china makes all of the electronics used to run the manufacturing lines. Right now pretty much everything is 6 month or greater lead times.
Posted by Wisdomcries
BR
Member since Jul 2022
171 posts
Posted on 7/21/22 at 6:29 am to
Heard of a little place called Taiwan? Also israel

And Japan says hello too
This post was edited on 7/21/22 at 6:33 am
Posted by SingleMalt1973
Member since Feb 2022
12226 posts
Posted on 7/21/22 at 6:36 am to
Brandon will remove tariffs ASAP.
Posted by RealDawg
Dawgville
Member since Nov 2012
9518 posts
Posted on 7/21/22 at 6:38 am to
The amount of debt they have on and off the books in Africa alone makes the non solvent.

Posted by Wisdomcries
BR
Member since Jul 2022
171 posts
Posted on 7/21/22 at 6:42 am to
Why do they have so much debt from Africa? Tell me like I’m joe AbisMo biden
Posted by umrebel2009
Member since Feb 2010
7297 posts
Posted on 7/21/22 at 6:49 am to
No worries biden will send them $1trillion in aid
Posted by burke985
UGANDA
Member since Aug 2011
24730 posts
Posted on 7/21/22 at 6:50 am to
Coming soon to America
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
60874 posts
Posted on 7/21/22 at 6:50 am to
quote:

Why do they have so much debt from Africa?

They've been bankrolling practically all of Africa's tech & civil infrastructure for a couple of decades, presumably in exchange for unfettered access to their data.
Posted by Hangover Haven
Metry
Member since Oct 2013
26801 posts
Posted on 7/21/22 at 6:50 am to
And we wonder why our great grandparents and grandparents kept money hidden in their attics…
This post was edited on 7/21/22 at 7:07 am
Posted by WreckinRams05
Houston, Texas
Member since Dec 2005
6196 posts
Posted on 7/21/22 at 6:53 am to
IMO sounds like China is preparing for war and taking every cent they can get
Posted by NineLineBind
LA....no, the other one
Member since May 2020
6989 posts
Posted on 7/21/22 at 6:53 am to
quote:

Thousands of accounts stopped paying in protest.

Needs to be 10s of millions
Posted by Hobnailboot
Minneapolis
Member since Sep 2012
6094 posts
Posted on 7/21/22 at 6:56 am to
Oh frick yes. Let’s go.
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