Tanks in front of PRC bank and western media silent

Oddjob

Oddjob

Well-Known Member
Silver Stacker
So, the stand-off between depositors in some PRC regional banks and the CCP seems to have developed during the last 24 hours.


Google "Tanks are being put on the streets in China to protect the banks."....and you won't find one western media outlet covering the story. It does look like Ch7 in Aust ran a piece but surprise it's no longer on their web pages.
 
So the celestials are finding out that when you deposit money in a bank it ceases to be your money, and it becomes the bank's money
to do with as they please and you become just another unsecured creditor who might get a few pennies in a dollar if things go pear shape.
 
Oddjob said:
Google "Tanks are being put on the streets in China to protect the banks."....and you won't find one western media outlet covering the story. It does look like Ch7 in Aust ran a piece but surprise it's no longer on their web pages.
Click to expand...

There's doubt over the authenticity of whether it's linked to bank protests. Apparently some twitter accounts have taken an event and embellished it. What a surprise.

https://www.msn.com/en-us/news/worl...sters-what-we-do-know-what-we-dont/ar-AAZPTlL
 
The bubble has popped. You have a nation where most people earn 400AUD a month and RE prices are (or should I say WERE) absurd. A million AUD or more for a modest apartment in 1st tier cities.

Furthermore, news.com.au reported that the nation pretty much universally celebrated the assassination of Abe. Of course, the lefty ABC was silent. With Wong as foreign minister, we are fucked.

And is the report real? The devil knows, because dictatorships like PRC and RU are opaque as f****. Just be glad we live in a democracy with at least some accountability, at least for now.
 
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mmm....shiney! said:
There's doubt over the authenticity of whether it's linked to bank protests. Apparently some twitter accounts have taken an event and embellished it. What a surprise.

https://www.msn.com/en-us/news/worl...sters-what-we-do-know-what-we-dont/ar-AAZPTlL
Click to expand...
It's funny in the article how the crapto bulls are trying to spin it as a win against fiat.

It's definitely a show of force. It's like "if you mess with us, we can do another T Square!". I mean, in what other country do the military do drills in the CBDs? Social unrest is the order of the day, and not just over there.
 
Michael Kay said:
Furthermore, news.com.au reported that the nation pretty much universally celebrated the assassination of Abe. Of course, the lefty ABC was silent. With Wong as foreign minister, we are fucked.
Click to expand...

Celebrating Abe's murder is about as low as it can get and is telling about their unscrupulous intentions&lack of any civilities. 100% detestable.
Could not agree more re. Wong and the ramifications thereof.
 
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