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Started By
Message
Run on Banks in Henan, Shanghai, and Dandong, China?
Posted on 6/20/22 at 8:50 am
Posted on 6/20/22 at 8:50 am
quote:
Another video shows the traffic jam at Dandong Bank, Liaoning, on June 16.
6?16?,??????????! pic.twitter.com/QAVrgYtFEG
— ??? Wanjun Xie (@wanjunxie) June 17, 2022
Vision times quoted a witness as saying: “When I went to the Rural Commercial Bank, the rural merchants had no money, when I went to Dandong Bank, there were many people, I don’t know in the end whether they got the money or not.
Seeing so many people waiting to withdraw money, a man at the scene said: “It’s been like this these days, it’s like that every day.”
Videos in the link
9
Posted on 6/20/22 at 8:53 am to Jjdoc
Your tellers for today are Ho Li shite, Wa Tu Lo, and Sum Ting Wong.
Posted on 6/20/22 at 8:53 am to Jjdoc
frick China.
Twice
Twice
Posted on 6/20/22 at 8:54 am to Jjdoc
quote:
Dandong
Posted on 6/20/22 at 9:11 am to Jjdoc
Bank runs. Keep some cash around just in case something similar comes to your neighborhood.
Posted on 6/20/22 at 9:16 am to Tigers2010a
I keep buckshot around for the same reason.
Posted on 6/20/22 at 9:20 am to Jjdoc
Why would China allow this? Why not freeze the cash runs?
Posted on 6/20/22 at 9:22 am to Tigers2010a
We started taking a % out in March.
Posted on 6/20/22 at 9:25 am to Jjdoc
Cash will be worthless. Invest in rice, beans, and lead instead
Posted on 6/20/22 at 9:33 am to TigerB8
It’s 6/20/22 and we are facing:
-runaway inflation
-skyrocketing interest rates
-stock market is down 25%
-we have an unfathomable national debt
-just got done printing more money than the previous two generations combined
-the White House is intentionally cratering our energy sector in the name of climate change
-the supply chain is coming apart at the seams
-we are likely facing global food shortages unless drastic action is taken
-the nation is run by a dementia patient
-consumer confidence is plummeting
-hopelessly divided politically
-China is propping up a failed real estate sector and dealing with bank runs.
I never thought I would say this in my lifetime, but there is a real possibility of a full on global economic depression.
-runaway inflation
-skyrocketing interest rates
-stock market is down 25%
-we have an unfathomable national debt
-just got done printing more money than the previous two generations combined
-the White House is intentionally cratering our energy sector in the name of climate change
-the supply chain is coming apart at the seams
-we are likely facing global food shortages unless drastic action is taken
-the nation is run by a dementia patient
-consumer confidence is plummeting
-hopelessly divided politically
-China is propping up a failed real estate sector and dealing with bank runs.
I never thought I would say this in my lifetime, but there is a real possibility of a full on global economic depression.
This post was edited on 6/20/22 at 10:09 am
Posted on 6/20/22 at 9:45 am to Jjdoc
China builds shoddy infrastructure. Democrats proposed Build Back Better.
China controls banks. Feds control banks.
China closes business down for covid. Democrats close business down for covid.
China conductes political show trials. Democrats conduct political show trials.
China CRASHES. Democrat controlled America very very sick. Inflation, lack of goods and groceries, gas sky high and still rocketing up, stocks crashing, interest rates climbing, real estate in decline, etc. etc. etc.
2 years under socialist Democratic control and WE ARE SO SCREWED!
We should have kept the Mean Tweeter!
China controls banks. Feds control banks.
China closes business down for covid. Democrats close business down for covid.
China conductes political show trials. Democrats conduct political show trials.
China CRASHES. Democrat controlled America very very sick. Inflation, lack of goods and groceries, gas sky high and still rocketing up, stocks crashing, interest rates climbing, real estate in decline, etc. etc. etc.
2 years under socialist Democratic control and WE ARE SO SCREWED!
We should have kept the Mean Tweeter!
Posted on 6/20/22 at 9:48 am to Gaspergou202
But he was Orange, and a Man, and Bad!
Reeeeeeeeeeeee!!!
Reeeeeeeeeeeee!!!
Posted on 6/20/22 at 9:57 am to tide06
quote:
I never thought I would say this in my lifetime, but there is a real possibility of a full on global economic depression.
Yep, the last few months, I have reached the conclusion it is a possibility. Time to become a prepper.
Posted on 6/20/22 at 10:27 am to jaytothen
quote:
Cash will be worthless. Invest in rice, beans, and lead instead
We have been doing that along with oates.
Posted on 6/20/22 at 10:35 am to Jjdoc
“It’s utter chaos here. We’ve been advising all our clients to put their money into canned goods and shotguns.”
Posted on 6/20/22 at 10:57 am to Jjdoc
quote:
Run on Banks in Henan, Shanghai, and Dandong, China?
Hopefully that doesn't start here but be prepared in any event
Posted on 6/20/22 at 11:28 am to tide06
quote:
there is a real possibility of a full on global economic depression.
Grandma Yellin said nu uh.
Everyone is screwed.
Posted on 6/20/22 at 11:54 am to DMAN1968
When the DNC controlled MSM outlets are talking about a severe economic downturn during a democratic presidency it’s time to worry.
This post was edited on 6/20/22 at 11:55 am
Posted on 6/20/22 at 11:57 am to Jjdoc
This will never happen in the US……right? TBD!
Posted on 6/20/22 at 12:37 pm to TigerB8
quote:
Why would China allow this? Why not freeze the cash runs?
They are, and thats the problem, the backlog of people wanting cash.
In this age of bitcoin, its not a bad decision to do your banking with a place that says FDIC insured, though most dont even know what that means these days.
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