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The great reset is starting, China deploys armored columns to prevent bank run

Posted on 7/21/22 at 6:54 am
Posted by Strannix
District 11
Member since Dec 2012
48848 posts
Posted on 7/21/22 at 6:54 am
quote:

Zhengzhou - In a grim reminder of the 1989 Tiananmen Square Massacre, armoured tanks were seen deployed on the streets of China amidst large-scale protests by people demanding the release of their savings frozen by banks.


All deposits have been declared state property


LINK

This post was edited on 7/21/22 at 6:55 am
Posted by East Coast Band
Member since Nov 2010
62729 posts
Posted on 7/21/22 at 6:55 am to
Biden and his handlers are taking notes
Posted by Strannix
District 11
Member since Dec 2012
48848 posts
Posted on 7/21/22 at 6:56 am to
The market should crash but it's mostly fake anyway already.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134845 posts
Posted on 7/21/22 at 6:56 am to
Cyprus is laughing
Posted by OldHickory
New Orleans
Member since Apr 2012
10602 posts
Posted on 7/21/22 at 6:57 am to
I’d rike to take out a rarge roan, prease.
Posted by Uncle JackD
Member since Nov 2007
58627 posts
Posted on 7/21/22 at 6:59 am to
frick China
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
421743 posts
Posted on 7/21/22 at 7:01 am to
How is this part of the "Great Reset"?

This is China facing the music on overaggressively investing to appear more well off than it actually is. China sliding is the opposite of a Great Reset.
Posted by Scruffy
Kansas City
Member since Jul 2011
72025 posts
Posted on 7/21/22 at 7:02 am to
quote:

The market should crash but it's mostly fake anyway already.
Yep.

It is all divested from reality at this point.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61117 posts
Posted on 7/21/22 at 7:03 am to
This isn't the great reset. China just has a very poorly managed financial system. It's what happens when you apply political incentives to money lending.
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
66891 posts
Posted on 7/21/22 at 7:06 am to
quote:

armored columns


I prefer marble columns, but ok.
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16833 posts
Posted on 7/21/22 at 7:09 am to
quote:

frick China


As much as it’s fun to say this to relieve some anger, we have to acknowledge that we had a big part in creating this monster by consuming their cheap products for decades. China will be #1 in world GDP by 2030 and will hold that spot for a long time. Until we change our dependency from them, saying frick China does nothing. Cold hard truth.
Posted by finchmeister08
Member since Mar 2011
35589 posts
Posted on 7/21/22 at 7:09 am to
isn't this the reason of bitcoin?
Posted by MyRockstarComplex
The airport
Member since Nov 2009
3276 posts
Posted on 7/21/22 at 7:11 am to
quote:

How is this part of the "Great Reset"?


Because a centralized governing monetary fund will have to step in and bail out the country, lest the collapse of the Chinese economy have a devastating rippling effect throughout the world?

I am a dumb.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
421743 posts
Posted on 7/21/22 at 7:12 am to
quote:

China will be #1 in world GDP by 2030 and will hold that spot for a long time.

China has almost 5x our population, so as long as they have a moderately good economy, their GDP will be bigger than our's.

India will pass us up, too.
Posted by BottomlandBrew
Member since Aug 2010
27065 posts
Posted on 7/21/22 at 7:13 am to
As said on the Money Board, these tanks are 300+ miles away from the protests. The tanks are in Shandong Province and are likely being staged for a PLA Day military parade on Aug 1. The bank protests are in Henan Province.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48898 posts
Posted on 7/21/22 at 7:14 am to
quote:

isn't this the reason of bitcoin?


People are selling Bitcoin for money. You can't get your money. I don't think crypto stops this.
Posted by bird35
Georgia
Member since Sep 2012
12143 posts
Posted on 7/21/22 at 7:14 am to
One thing about China.

They don’t just deploy tanks. They aren’t afraid to use them.
Posted by SirWinston
PNW
Member since Jul 2014
81376 posts
Posted on 7/21/22 at 7:14 am to
Mate you are an expert on all subjects, a modern day renaissance man in the mold of Thomas Jefferson or Benjamin Franklin

Posted by cattus
Member since Jan 2009
13416 posts
Posted on 7/21/22 at 7:14 am to
quote:

I’d rike to take out a rarge roan, prease
This is China, not Japan.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
421743 posts
Posted on 7/21/22 at 7:15 am to
quote:

Because a centralized governing monetary fund will have to step in and bail out the country,



China?



quote:

the collapse of the Chinese economy have a devastating rippling effect throughout the world?

Possibly. All the major economies are going to be crunched, too. Covid fricked up everything.

This is going to cause countries to look inward to protect their interests more than collaborate into a "one world government". I mean hell, Russia is literally engaging in a war that's screwing up the world economy. You think they're about to bend the knee? You think China is going to subjugate itself to India? You think India is going to subjugate itself to Pakistan?

The world is much more likely to be on the verge of cracking apart than joining together.
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