BREAKING: Run on the Banks in China – Long Lines in Henan, Shanghai, and Dandong

The Gateway Pundit ^ | 6.19.2022 | Joe Hoft

[Dr. Marten]

People are reportedly lining up for hours in China to obtain money from their bank accounts in China.  The large cities of Henan, Shanghai, and Dandong are three cities where the lines are long.

After years of COVID mandates and a government that the average Chinese down deep doesn’t trust, the people of China are scared that they will not be able to retrieve their life savings.  In some cities, people are standing in line for hours to receive their money from their bank.

Recently, freezing depositors’ accounts by four rural banks in Henan has become a hot topic on social media. As a result, customers of these banks could not withdraw their money which led them to move to Zhengzhou, Henan to claim their rights. Following Henan, banks in Shanghai and Dandong (Liaoning) also witnessed a long traffic jam in front of their headquarters.

Depositors in Dandong, Liaoning Province, could not receive their deposits...

[butlerweave]

Dandong , really ?

[Vermont Lt]

Are you not Long, Dandong?

[EEGator]

[CWW]

Apparently has been going on for a few weeks and is gaining steam.

[proust]

A new bank run or is this a continuation of the previous bank run? Typical Jim Hoft BOMBSHELL BOOM FOR BOOMERS

[Dilbert San Diego]

LOL the Chinese exchange student from the movie “16 Candles.” That character could not be in a movie made today.

[SaveFerris]

Where is grandpa’s automobile?

Big crash!

Big crash!

[EEGator]

Automobile?…ha ha ha…

[EEGator]

Fred, your Chinaman is three sheets to the wind.

[17th Miss Regt]

“Looks like I picked to wrong week to stop sniffing glue.”

[SaveFerris]

She getting married!

Married?

Yeah, married! Gee....!!!

[DannyTN]

I hate when there’s a run on Dandong.

[Caipirabob]

The chicom markets have long since built upon horrifically weak fundamentals. Their vast array of ghost cities were created as an artificial means to keep their economy and false GDP numbers afloat. Citizens had long since recognized the fraud in their own markets but had always fallen back on realty as a means to store and build wealth. This was reinforced by the commies with continued promotion and support of construction. Even if said construction would simply crumble into pieces after two or three years (See “is everything in china really falling apart” by ADVChina on youboob.)

So now the commies have reached a point where they can no longer maintain said illusions. The people who invested in that real estate aren’t able to sell at higher prices because they are at the end of the ponzi-pyramid.

We May complain about our economy but the chicoms are truly @#$&😳…

[EEGator]

Both Long Duck Dong and Lloyd Bridges characters were upside down.

You know, Ted Striker has a drinking problem…

[PGR88]

There is nothing to prevent the CCP from just printing money and giving it to banks.

When it becomes a political problem, they will do so.

[EEGator]

“Jake” lives in north central PA and makes custom furniture.

[C210N]

This is in tandem with Evergrande defaulting, being delisted on stock exchange(s), and having domino effects.

[SecondAmendment]

> The chicom markets have long since built upon horrifically weak fundamentals.

It's not that there is any issue with the content or quality of your post, but I just can get past that sentence without risking an aneurism ...

[Mr. K]

Remember: Things happen gradually, then suddenly