Jennifer Zeng has built a reputation for breaking news re: China. She just identified a China banking crisis ….
- June 8 – All banks in #Shanghai have restricted depositors from withdrawing money. Remember the videos about banks having no money to all withdrawing from Henan Province I tweeted before? A bank run is about to sweep #CCPChina
https://twitter.com/jenniferatntd/status/1534695853243392003?cxt=HHwWhoCzrervqswqAAAA
2. May 31 — This is huge. People took to the streets to protest against the fact that they couldn’t withdraw money from several banks for 35 days. May 23, in Zhengzhou city, Henan Province, #CCPChina. Banks have gone bankrupt?
https://twitter.com/i/status/1531821359155884038
3. May 31 — Police are “maintaining stability” when depositors demand the banks to give back their money in Henan province. People shout: we want to withdraw our money! The banks have no money to allow withdrawals.
https://twitter.com/i/status/1531823197993189379
4. June 8 — sorry, no money to allow withdrawing.
NOTE – Several cities are covered in her above tweets.
That’s pretty amazing. And how it happens…suddenly, without warning.
I was going to deposit $300 cash today from an unnamed source. Think I’ll keep it home under the mattress, where I know it’s there.
Guess that weed crop is doing well.LOL
How long before it comes here? I’m guessing after China goes full bank holiday we are 2-3 weeks behind.