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Tag: bank run

China Deploys TANKS to Protect the BANKS – People’s Life Savings Stolen

China Deploys TANKS to Protect the BANKS – People’s Life Savings Stolen

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  The China Communist Party deployed tanks overnight, to protect the Bank of China branch in Henan Province from the ongoing Bank Run. Some of the Banks in Henan Province “froze” the accounts of Depositors back in April and have refused since then to allow any withdrawals of funds.   Yesterday, it was announced by the bank that people’s SAVNGS “are now INVESTMENT PRODUCTS and can’t be withdrawn.” Yes, you read that right.  In short, it looks as though the bank simply…

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A bank run in China

A bank run in China

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Chinese Bank Run Turns Violent After Angry Crowd Storms Bank of China Branch Over Frozen Deposits While the world of high, and not so high finance, is obsessing over the volatility of cryptos and recent painful losses for overlevered players who – much to the amazement of plain vanilla equity investors – were not bailed out by a magnanimous Fed (which however only rescues stock markets, not cryptos), things in China with its $54 trillion financial system, or more than…

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Chinese Banks Freeze Billions In Deposits

Chinese Banks Freeze Billions In Deposits

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Chinese Banks Freeze Billions In Deposits: Officials Use Health QR Code To Bar Protestors Chinese local banks are freezing deposits. Protestors cannot go near banks as their health app for COVID-19 turns red. Authorities provided no explanation… As The Epoch Times’ Dorothy Li reports, several depositors told The Epoch Times on June 14 that the health code on their COVID-19 app turned red as soon as they scanned venue barcodes at Zhengzhou, the provincial capital city of central China’s Henan Province. A…

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Trudeau Revokes Emergency Powers Act!!

Trudeau Revokes Emergency Powers Act!!

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Watch live: And here, he says he’s ‘confident that existing laws and bylaws are now sufficient to keep people safe.’ From Zero Hedge Trudeau Revokes Emergency Powers Act Two days after Canadian lawmakers voted to extend emergency powers allowing police to quell potential unrest, Prime Minister Justin Trudeau is now set to revoke them now that the Ottawa protest is over, according to the Canadian Press, citing two senior government sources. Trudeau invoked the Emergencies Act for the first time last week, saying…

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TRUDEAU CAUSES BANK RUN IN CANADA

TRUDEAU CAUSES BANK RUN IN CANADA

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Canada’s largest banks are all offline… Posted by Kane on February 16, 2022 9:55 p Patriots have been pulling funds and closing accounts all day to protest Trudeau. Patriots getting revenge on Freeland… TRUDEAU CAUSES **BANK RUN** IN CANADA With his invoking of “Emergency Act” war-type powers, and his Order to seize bank accounts of anyone found donating to the trucker’s Freedom Convoy, Canadian Prime Minister Justin Trudeau has apparently triggered a BANK RUN in Canada. The withdrawals are so…

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