This.
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
Back after the 2008/2009 housing market fall, a number of Chinese syndicates came into the Phoenix housing market and bought dozens of houses on the ‘cheap’. They used a local service and rented them out. I talked to a guy who watched this unfold. Nothing illegal about it...just getting the cash out of China without the government knowing about it...is the one illegal aspect.
Maybe true or false thanks for posting
If the Chinese are low on cash, maybe they can go and get some of that $1.5 billion back from that Hunter Biden character, unless he already blew it all up his nose. LOL
Nope, that is from the twitter stream. I have no idea if true or not. Should have clarified.
I have seen numerous various analysts doubts about ChiCom financial stability and viability and analysis that they are a house of cards sitting on a brick of C4 so I do wonder when they are going to hit the wall and their whole financial system goes up in a puff of smoke.
Thank you for your interesting analysis. I am a retired person in good health. I have the opportunity to buy a 10 acre wood lot next to property I already loan. It has a number of marketable trees already, and more to manage for the future. I also have a healthy chunk of cash in the bank that that I have reserved for emergencies like unexpected health issues. I could use part of the case for this land purchase. Would it make more sense to buy this land that I can leave to my children and grandchildren, or keep my cash in the bank were it draws almost no interest. It appears to me that more housing will need to be built in the future in the US.
Almond Guy Ding in Beijing will soon cost a LOT more as their currency deflates.
You can hear the air whistling out of their economic tires in Beijing, clear over to Cape Hatteras.
BUT the ChiComs don’t care about their people. If they riot the Chicoms will welcome the opportunity for a population adjustment.
Wait on congress to send them a few hundred billion.
Oh yes, random twitter messages should always be believed. BTW would you like to buy some magic beans?
For those House members who don't care whether or not dirt on them gets out or even don't have much dirt worthy of comment, there are promises being made that are all out of proportion to what a lowly House member can normally expect for their vote. I've heard that much from friends who work in DC.
The scent of desperation is in the air and Trump will have to end up like Napoleon said he'd have handled the Revolutionaries, with a whiff of grapeshot. In Trump's case, most likely not literal grapeshot, but something politically equivalent.
Lil Kim is going to want to start building those condos.
[”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]
Wow.
Hmmm, reading more of the responses.
Will be interesting to see if this is confirmed. Or not.
Hmmm.
Toilet paper.
A daily necessity that becomes a valuable commodity in any disaster.
Think you don’t, try without for a week and see why it’s value is just below 22lf
One of the few things in a SHTF scenario that really doesn’t have a relevant replacement.
They gave it all to Hunter?
China will be looking for hunter to get that 1.2 bill back
This.
I left Seattle 8 years ago. I visit relatives there every year and one lives a mile or two south of the Tacoma Dome.
If I HAD TO move back to the area, it would be Tacoma. It’s what Seattle was at its zenith, regarding quality of life.
Bank runs can have bad ripple effects...
The Chinese need to deal with their trade issues... and soon.
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