Continuous Bank Collapses cause Bank Runs in China
Channel: GeoStar TV
Date: 2020-04-09

Continuous Bank Collapses cause Bank Runs in China.
"China’s banking sector has been dogged by a sudden surge in liquidity concerns".
Where have we heard that before? It's crazy to keep any significant amount of money in a bank. They pay virtually no interest anyway.
First, it was Baoshang Bank , then it was Bank of Jinzhou, then, two months ago, China's Heng Feng Bank with 1.4 trillion yuan in assets, quietly failed and was just as quietly nationalized. This Month, a fourth prominent Chinese bank was on the verge of collapse under the weight of its bad loans, only this time the failure was far less quiet, as depositors of the rural lender swarmed the bank's retail outlets, demanding their money in an angry demonstration of what Beijing is terrified of the most: a bank run!

Life tragedy mostly happened suddenly, overnight, with no warning.
However, the bank run has plenty of warnings for those who can see and paying attention.
Disasters are for those who refuse to see and living in limbo.
We will pay for letting the government and central bank greed control our lives.
Cartels will go free and enjoy the fruit of our labor, while more will be poorer and starve.
They have our money converted to physical assets while we are left with federal reserve promissory notes.
Liquidity problems in China, Liquidity problems in America.  Only one thing to do. 
 
Buy gold bitchez.
Stick to physical, not that ETF nonsense.

If you don't hold it, you don't own it. The exit doors are narrow, and everyone thinks they will be able to get out.
I have no sympathy for anyone who continues to hold their nest egg in the banks in the face of such obvious financial Armageddon forthcoming. The peasants are stupid, thinking their cash is in the bank. 
Welcome to The Atlantis Report.

Small Bank Collapse Triggers Credit Crunch in China.

COPYRIGHT DISCLAIMER:
Under section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research.
This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:

https://link.attribute.to/cc/511101