Topic: Collapsing Banks in China

[pandamonium]

By now many of us are reading about the collapsing banks in China.   Some say the big banks are going under too.  Others say the CCP has confiscated the bank holdings.   (You will own nothing and be happy.)   Any information?   Years ago i read articles this is the plan of the weathly Globalists as the great wealth transfer takes place.   Part of the Great Reset...

How will this affect Chinese coins/medals when the people cannot buy?   Does this mean wealth will be Chinese coins/medals not held at banks?   Too early to make opinions?.....

[pandamonium]

Here is one of many articles....

Asiamarkets.com  "There's a run on China banks and it is being ignored by the world"....

[KeyDate1/2ozPandas]

Tanks are rolling in the street to protect banks.  Hope this isn’t the start of major banking collapse in China.  How it impacts demand for collectibles is hard to understand at this point.

https://mobile.twitter.com/WallStreetSilv/status/1549790086656581640

[fwang2450]

Tanks are rolling in the street to protect banks.  Hope this isn’t the start of major banking collapse in China.  How it impacts demand for collectibles is hard to understand at this point.

https://mobile.twitter.com/WallStreetSilv/status/1549790086656581640

I don't believe the Chinese government would send tanks for this purpose. This is not 1989. How do we know that the tanks were not passing through the city on their way to a military destination?

[fwang2450]

Here is one of many articles....

Asiamarkets.com  "There's a run on China banks and it is being ignored by the world"....

It is ignored by the world because those are some tiny rural credit unions using high interest rate as baits for the dumb-minded. They just messed up. These are not state owned banks.

[pandamonium]

Articles say the Bank of China (biggest in China?) is also in trouble.   Something big is up.  Revolt against the elite parties that rule countries is picking up world wide. 

This may sound a bit extreme as i do not believe in psychics except for one, Edgar Allen Casey who lived in the US and was accurate.   Have read a lot about him.  He says "China will become the cradle of Christianity."   Why did he predict that?   Articles say the underground Christianity movement is huge in China.  Is this crackdown related to that?   Lets see how this plays out...

[fwang2450]

Articles say the Bank of China (biggest in China?) is also in trouble.   Something big is up.  Revolt against the elite parties that rule countries is picking up world wide. 

This may sound a bit extreme as i do not believe in psychics except for one, Edgar Allen Casey who lived in the US and was accurate.   Have read a lot about him.  He says "China will become the cradle of Christianity."   Why did he predict that?   Articles say the underground Christianity movement is huge in China.  Is this crackdown related to that?   Lets see how this plays out...

Please do some homework. After collecting Chinese coins for so many years, you should at least know the name of the central bank of China issuing those coins. The Chinese central bank has a pocket as deep as the Federal Reserve. It can print as much money as needed. You ever heard of the Federal Reserve running out of money with its nuclear powered money printing press?

It is pointless to bring in the religious theme into this discussion.

[KeyDate1/2ozPandas]

Looks like you are right, it is small rural banks selling high risk products. 
https://amp.scmp.com/economy/china-economy/article/3186117/chinas-banking-crisis-draws-fresh-scrutiny-economic-slowdown

Worst case is they print some money and currency weakens a bit, then US prints some more and back to even. 

[pandamonium]

news.com.au "Concerning reason for huge lines outside bank in Sydney revealed".   Added video is interesting too.

Other articles say gold sales are up in China.   Chinese coins/medals should do well....


QTR Fringe Finance "Russia and China officially announce a new global reserve currency."...