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Author Topic: Run On Chinese Banks  (Read 224 times)

Offline JohnyMac

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Run On Chinese Banks
« on: July 11, 2022, 09:49:34 AM »
With Jackalope's article last week titled, Siri Lanka Crises on the collapse of Siri Lanka. China is having its own financial issues with at least six banks locked up tight. The Chinese reported that the banks were closed do to a national holiday. Mmmm?

Quote
asiaMARKETS
> Yuzhou Xinminsheng Village Bank (located in Xuchang City, Henan Province)
> Zhecheng Huanghuai Bank (City of Shangqui, Henan Province)
> Shangcai Huimin Rural Bank (Zhumadian City, Henan Province)
> New Oriental Village Bank (City of Kaifeng, Henan Province)
> Huaihe River Village Bank (Bengbu City, Anhui Province)
> Yixian County Village Bank (Huangshan City, Anhui Province)


For your viewing pleasure,

https://youtu.be/mwyuHzKDMyI


Keep an eye on the DJIA this week with the June CPI coming out on Wednesday. Fun, fun, fun.   :coffeeNews:

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Offline Sir John Honeybucket

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Re: Run On Chinese Banks
« Reply #1 on: July 11, 2022, 10:39:17 AM »
?Bank holiday?

The last time the USA had one like that (1933) FDRs buddies emptied the bank accounts of ordinary Americans , took all gold and silver and replaced it with paper.  The good news is that the politicians and those who own them did just fiiiiine.  Fortunately , Brandon and his handlers would never do such a thing - riiiight ?
« Last Edit: July 11, 2022, 01:48:02 PM by Sir John Honeybucket »
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Prepper or Survivalist ?

A Prepper keeps survival rations for his pets.

A Survivalist  keeps pets as survival rations.

Offline Nemo

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Re: Run On Chinese Banks
« Reply #2 on: July 11, 2022, 11:19:06 AM »
Cash in a box somewhere, a bit down the creek from the silver box, next to the glade where the gold tree is.  And the 3 give the location of the munitions.

Wish I could say I had that but I never was one of those saver, keeper, hanger on to things guys.

Nemo
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Offline Jackalope

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Re: Run On Chinese Banks
« Reply #3 on: July 11, 2022, 02:16:52 PM »
Bank runs, coming soon to a country near you...
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Offline pkveazey

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Re: Run On Chinese Banks
« Reply #4 on: July 11, 2022, 07:35:07 PM »
Money is like prepper supplies. You don't keep it all in one place. I don't keep any more money in the bank than I can afford to lose. Enough to pay the monthly bills and maybe $1000 in savings. Hmmmmmm...... I'm pretty good at keeping money records but for some reason there should be $400 more in my checking account than they show on my statement. About once a year, my balance will be off by about $100 and sometimes me and the bank can find it. It usually is in my wife's account because we have access to each others accounts and the people at the bank are idiots. OK, if it ends up in her account that's OK because we still have it but its a pain in the ass. I'm absolutely certain that there will be a Bankers Holiday and a run on the banks. I just don't know when. I have noticed that once in a while the bank limits the amount I can withdraw. Lately, they haven't been doing that. Most folks keep enough extra in their accounts to pay their annual real estate and property taxes and so do I but just in case the banks lock my money up, I keep a bit aside just in case. I'll be damned if I want to lose my house because I can't access my money to pay the annual taxes.
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