BANK RUN - CHINA

BANK RUN - CHINA
36 Comments

A run on the Banks has begun inside China as multiple banks DEFAULT.   Tens of thousands of Chinese are storming Banks, desperately trying to get their money.

Police are hauling people away, but cops are stunningly outnumbered. 

This is the beginning of the end for China.   More info as it becomes available . . . .

 

UPDATE 12:29 PM EST --

Stop what you're doing right now, get to your bank, and take out SOME (not all) cash to survive upon if China's banks take out OUR banks.

Do it right now.  Don't try taking it all, just get a Thousand or two if you have it, to have on-hand until this gets sorted out.

This cash IS NOT to pay bills, it is to SURVIVE ON 

Don't wait.  Do it now.

 

 

 

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    Gregg Walker · 1 months ago
    Hal, Awesome point in the short article. Get the cash for survival, NOT to pay the damn bills! I've been hearing people talk for years about having cash to pay your bills. I've always thought: If it hits the fan, NO ONE is going to worry about bills. If the power, TV, cell phones go out or get turned off, what's the point? So, yes, have the cash to survive. At some point, it might be worthless, but maybe in the short term it could save your life.
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    christine Lindenmuth · 1 months ago
    I have not seen this type of news anywhere but here, so is it true? I seek the truth and that is why I choose my websites carefully. What went wrong here?
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    John Kamikawa · 1 months ago
    If banks do close down for a period of time and retailers can not make deposits, as some noted even cash may no longer be valuable. Pick up a few boxes of shotgun shells, 45, 9mm, etc. People recognize the value of bullets and would barter for them during such fearful times. It is hard to accept we must anticipate such bad things happening to us here.
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    Donald Foreman · 1 months ago
    Coming soon: Paper money will be worthless. Nothing to buy(not available) . Don't need to go anywhere(No gas). Not safe to travel. Everything shuts down. Govt. collapse. Hunker in place. Tribe warfare. Plagues. Back to the dark ages. Good luck.
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    Occams Razor · 1 months ago
    26 Quarantined in WesChester NY : https://www.youtube.com/watch?v=iCdDqYiBx_Q
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      Standing Wave · 1 months ago
      J.A. - As of about 8AM Pacific time on 22FEB, that link has vanished.
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      Occams Razor · 1 months ago
      This reminds me of the DEA Agent who talked about gun safety at a school, then shot himself in a foot with his Glock, then wanted to talk about Gun safety with an AK-47 and the parents and teachers had to put their foots down to stop the fool. https://www.youtube.com/watch?v=S7ufT_6Kgy0
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        Gregg Walker · 1 months ago
        I'd forgotten about that. Saw it some time ago. Bragging never seems to lead to anything good. Dang.
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    Jill Hart · 1 months ago
    If you decide to get cash out make sure you get small bills n coins. A hundred dollar bill is not going to be as helpful as twenty dollars worth of coins.
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      Mish · 1 months ago
      True, and if someone sees you with a hundred dollar bill in your hand, they are going to bash your head in for it!
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    Max · 1 months ago
    This is actually a story about the banks staying closed due to the virus not a bank run.
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      Grim · 1 months ago
      So, the banks in China are not opening due to the virus, therefore account holders ran to the bank to try to get their money out, but it's not a bank run?......ok then.

      Definition of Bank Run: A bank run occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future.
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        Occams Razor · 1 months ago
        The Net effect is the same, you can't get money out one way or another. Cash is king in some circles. Depending on what you are buying. Not all farmers have access to a credit card processor, and if they got the food, you need a way to buy it from them.
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    MICHAEL DOERING · 1 months ago
    My rule for precious metal prepping is - what can 7-11 accept and make change with. Silver eagles are easy - official currency issued by the US Mint. Worth about $20 each. However, 7-11 cannot change a gold coin, and too many of them are counterfeit anyway.
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      Andrew Schmoldt · 1 months ago
      Purchase a small electronic scale capable of ounces and grams. It is great for weeding out counterfeit gold.

      For silver, make a small ramp of balsa wood and molybdenum magnets. hold it at a 45 degree angle. Slide a silver coin down it as a ramp. If the coin grabs all the way down, it's genuine.
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    Jim Elliott · 1 months ago
    Located in Gimli, Manitoba (Canada). Heard recently about the 10 cases or so in the Grand Forks region, may be suspected or confirmed, but in any case, any more news from anyone out there that may be in the area that they may have heard of new news. I travel to Winnipeg alot and knowing how much our canadians love to shop there, just wondering....
    Small group of preppers up here like to keep up to date.
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    Mike Fisch · 1 months ago
    I went to Trade Joe's today and bought four bottles of spray hand sanitizer. The cashier, a man in his 20s with silver-blue dyed hair, said, "These are handy." I smiled and replied, "Yeah, I'm getting ready for the pandemic." He said he wished he could take a month off because it makes him nervous having all this interaction with the public. He also said the hand sanitizer can't be ordered from Trader Joe's distribution anymore because it's sold out. Whatever was on the shelf is all their is left.
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      Andrew Schmoldt · 1 months ago
      I picked up three dispensers at a grocer recently.
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    Michael Arnold · 1 months ago
    Today I finished my Preps. I live in Idaho and I feel we could be in the safest place in the US. Away from Nuclear targets major cities and we have lots of fresh water and potatoes to eat. I wanted to say 90% of our medicines come from China. I suggest you quickly invest in colloidal silver which will be one of the only things left to fight viruses and infections.
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      Mike Fisch · 1 months ago
      Micron, which is headquartered in Boise, banned all international travel for employees. Starting next week, they will require all employees to be thermally scanned as they enter the facility for their shift. If their temperature is 100.4 or greater, they have to go home. Micron has facilities in Japan, Taiwan and Singapore, so I suspect their management to what's really going on with this virus.
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    Southern Gal · 1 months ago
    You can't have the worlds second largest economy come to a screeching halt and not expect any ramifications. We all need to take a good look around and read that last book in the bible. It mentions war, economic collapse, earthquakes, famine, plague...everything we are seeing today. Today is the day of salvation. Repent and ask Jesus Christ to forgive your sins and be the Lord of your life. Best decision I have ever made.
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    Candace Hathaway · 1 months ago
    I just wanted to comment and say how awesome it is that the majority of the comments on here are friendly, and people seem to really respect one another. I've seen some bad threads before, and always enjoy reading this site's comments under each post.
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      Bilbo Baggins · 1 months ago
      You can thank the paywall for that.
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      Jared Passenger · 1 months ago
      That's because the latest generations tend to scan other more liberal sites. You would know them here as they would be nasty and rude not to mention having main stream ideas and propaganda which they would be shouting in large letters.... sigh.