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Chinese Banks Running Out of Cash
@FreeHKer ^ | 10/6/2019 | @FreeHKer

Posted on 10/06/2019 6:33:03 PM PDT by LS

https://twitter.com/freeHKer/status/1180810938548547584

"China banks are running out of cash in HKD and USD. Maximum withdrawal limit drop from USD1300 to USD38. A drop of 34 times. China financial doom day coming. @Jkylebass @GordonGChang @robert_spalding


TOPICS: Breaking News; Business/Economy; Foreign Affairs
KEYWORDS: asia; banking; china; chinacash; dollar; economy; finance; hongkong; trumpasia
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To: LS
Will the Democrats impeach President Trump for bankrupting China?

-PJ

21 posted on 10/06/2019 6:57:23 PM PDT by Political Junkie Too (Freedom of the press is the People's right to publish, not CNN's right to the 1st question.)
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To: o-n-money

Good thing for the American taxpayer that Soetoro isn’t around anymore to air-drop pallets of cash.


22 posted on 10/06/2019 6:57:51 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Pollard; LS
According to some unknown twitter account that may or may not be Chinese

True. Here's another source, a blue check:

"HKMA denies that they are imposing strict limits on cash withdrawls. Nothing is true until it's denied.Friends have verified ATMs are out of cash and banks are restricting withdrawls.Why on earth would depositors leave money in banks that are levered 850% GDP?" - @Jkylebass (Chief Investment Officer Hayman Capital Management)

23 posted on 10/06/2019 6:57:56 PM PDT by Future Snake Eater (Plans are worthless, but planning is everything. - Dwight Eisenhower, 1957)
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To: LS

If this were true, gold would be up $40.00, not $4.00.


24 posted on 10/06/2019 6:58:40 PM PDT by Fireone (Build the gallows first, then the wall!)
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To: Pollard

If it’s on the internet it has to be true.


25 posted on 10/06/2019 6:59:46 PM PDT by Rebelbase
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To: LS
HSBC's HK website says "Due to the recent disruption of transportation system and more limited access to banking services on public holiday and long weekend, we are experiencing higher than usual demand of our ATMs. We are working hard to ensure these services are operating normally, but we apologize for any inconvenience caused.

Nothing about withdrawal limit changes.

26 posted on 10/06/2019 7:00:02 PM PDT by DoodleBob (Gravity's waiting period is about 9.8 m/s^2)
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To: Fireone

I don’t know. It’s not clear anymore that anyone thinks gold is the hedge it once was.


27 posted on 10/06/2019 7:01:06 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix))
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To: Political Junkie Too

Well, they won’t SAY that’s why... and neither will the media.
But it is.


28 posted on 10/06/2019 7:01:16 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: DoodleBob

I don’t think they would actually say that. I think it would just be, once you’re at the ATM or the counter, “Oh, I’m sorry, we have a withdrawal limit today.”

This would prevent panic.


29 posted on 10/06/2019 7:02:04 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix))
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To: broken_clock

“Interesting times”, indeed.
Stockpile USD, precious metals (brass & lead), food, TP and water. It’ll be a short SHTF, but it will happen with a worldwide wave.


30 posted on 10/06/2019 7:03:25 PM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: LS

Not sure if this is a good thing. They own $1.5 trillion of the US debt, or like 19%. What happen when they say “Pay us, NOW!”


31 posted on 10/06/2019 7:07:57 PM PDT by Bommer (2020 - Vote all incumbent congressmen and senators out! VOTE THE BUMS OUT!!!)
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To: SaxxonWoods; LS

If this is correct it will be evident very quickly.

Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Yeah. Like the next treasury note auction


32 posted on 10/06/2019 7:07:59 PM PDT by thinden
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To: LS

Thanks, this is big news.


33 posted on 10/06/2019 7:10:50 PM PDT by Rusty0604 (2020 four more years!)
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To: Bommer

I imagine the same thing that was always going to happen: “We don’t have the money. I guess you’ll have to come and get it.”

Then, war.

Of course, I could see Trump working a deal, but it would likely require Congress’ cooperation. That would also mean war.


34 posted on 10/06/2019 7:11:37 PM PDT by Future Snake Eater (Plans are worthless, but planning is everything. - Dwight Eisenhower, 1957)
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To: LS

True, until a major event happens, then all bets are off. They flock to gold in a matter of minutes.


35 posted on 10/06/2019 7:11:40 PM PDT by Fireone (Build the gallows first, then the wall!)
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To: null and void; aragorn; azishot; AZ .44 MAG; Baynative; Beautiful_Gracious_Skies; bgill; bitt; ...

36 posted on 10/06/2019 7:11:59 PM PDT by LucyT
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To: LS
Trump being elected threw a monkey wrench into the plan Chinese and democrat leaders have been working on ever since Bill Clinton was elected for the first time.

They survived Dub OK since they threatened to cut off money for Iraq and Afghanistan if Dub didn't let them run the bureaucracy so they could promote their people everywhere. Trump, however would have been tickled pink for them to cut off funding for both so they didn't have anything to hold over him. Hence, Russiagate and now Ukrainegate made up from thin air.

The democrats want the same power over the people China has, the serfs owe everything to the party from permission to have a child, through their job, and the right to stay alive rather than having their valuable organs taken. Now, Trump put tariffs on China and it's a critical time in the long term plan. When you see industries moving out of China and many of them returning to the US, the whole democrat plan to establish a one party state in the US like the one in China is in jepordy. China is a house of cards. The elite of the party actually own all the companies there and big chunks of the US companies that operate in China, as long as they operate in China.

Hong Kong is essential to the money scam in China, that's why the HK dollar still exists rather than the change to RMB having already taken place. Hong Kong is in the midst of a color revolution whether the US is running the show or not. I suspect that the few CIA people who are loyal patriots are in charge of whats going on in Hong Kong to increase the speed at which the tariffs bite and undermine the usefulness of HK to the Chinese leadership. Hopefully there are a few more loyal patriots available to pull the right strings and unravel the whole Ukrainegate farce.

Schiff probably isn't on the Chinese hit list but I'd bet there are one or two of his big money backers who are sweating and worried. Could be that if someone unwinds how Schiff (current chairman of the Intelligence committee) is tied to China and you'll find the reason for so much classified materiel flowing straight to China just a quickly as if flows to our own servers. Not because Schiff has been responsible for any great length of time but because Shiff seems like the type who would sing like a canary if caught.

As riled up as the "permanent government" is, (feeling so powerful they can promise to put a knife in the back for the President), what are the odds of someone breaking ranks and outing all the people beholden to the Chinese? I hope I'm wrong, but looking back over the years I'm not optimistic about those odds. A lot of people well known within their fields will be dying in the next month or so. How many of them are not Chinese will be interesting and informative.

JMHo

37 posted on 10/06/2019 7:12:23 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
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To: Future Snake Eater

Someone is going to end up eating it on both sides of the border.


38 posted on 10/06/2019 7:12:40 PM PDT by Bulwyf
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To: Fungi
I'm rubber you're glue....

39 posted on 10/06/2019 7:12:59 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: Bommer

They can’t.

They have to sell the bonds to someone else. We already sold them under terms.


40 posted on 10/06/2019 7:15:16 PM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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