Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

China crushes mass protest by bank depositors demanding their life savings back
CNN ^ | Sun July 10, 2022 | Nectar Gan

Posted on 07/10/2022 9:36:50 PM PDT by MinorityRepublican

Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their life savings back from banks that have run into a deepening cash crisis.

Four rural banks in China's central Henan province have frozen millions of dollars worth of deposits, threatening the livelihoods of hundreds of thousands of customers in an economy already battered by draconian Covid lockdowns.

Anguished depositors have staged several demonstrations in the city of Zhengzhou, the provincial capital of Henan, over the past two months, but their demands have invariably fallen on deaf ears.

On Sunday, more than 1,000 depositors from across China gathered outside the Zhengzhou branch of the country's central bank, the People's Bank of China, to launch their largest protest yet, more than half a dozen protesters told CNN.

The demonstration is among the largest China has seen since the pandemic, with domestic travel limited by Covid restrictions on movement. Last month, Zhengzhou authorities even resorted to tampering with the country's digital Covid health-code system to restrict the movements of depositors and thwart their planned protest, sparking a nationwide outcry.

This time, most protesters arrived outside the bank before dawn -- some as early as 4 a.m. -- to avoid being intercepted by authorities. The crowd, which includes the elderly and children, occupied a flight of imposing stairs outside the bank, chanting slogans and holding up banners. "Henan banks, return my savings!" they shouted in unison, many waving Chinese flags, in videos shared with CNN by two protesters.

Using national flags to display patriotism is a common strategy for protesters in China, where dissent is strictly suppressed. The tactic is meant to show that their grievances are only against local governments, and that they support and rely on the central government to seek redress.

(Excerpt) Read more at cnn.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: bankfreeze; banks; ccp; china; covid; covidlockdowns; lockdowns; lyingflat; protest; tofudrang; winniethexi
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-67 next last
To: SaveFerris

Sir or Ma’am, I may not agree with everything Max puts forth, but the man hits the nail on so much stuff. And despite my not agreeing with everything he asserts, I listen and will continue to listen to what he is putting out. We need more people doing what he does. The time is coming shortly that we all will be in a world of hurt, and that time is fast approaching. We all need to rise up!

First couple minutes of this vid should raise the hair on everyone’s neck.
https://freedom.social/ftvgvideo/guest/1027890


21 posted on 07/11/2022 3:32:09 AM PDT by cranked
[ Post Reply | Private Reply | To 20 | View Replies]

To: cranked

I’m a sir 😁

Thank you!

I just got off work 2 hours ago

1 more day in my part time schedule but I’m gonna try to catch it Wednesday or Thursday


22 posted on 07/11/2022 3:38:04 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
[ Post Reply | Private Reply | To 21 | View Replies]

To: SaveFerris

Um-hmmm.


23 posted on 07/11/2022 3:52:12 AM PDT by sauropod (Unbelief has nothing to say. Chance favors the prepared mind.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SaveFerris

A Mossberg pump shotgun is a very nice weapon. I have one for home defense. I use 00 police loads ( more pellets) with every third round a slug. If I only get one shot off at least it will be a good one.


24 posted on 07/11/2022 4:17:38 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dreams)
[ Post Reply | Private Reply | To 19 | View Replies]

To: EBH

Desperate countries do desperate things.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Yep, and one of them is to start a war. Seems we’ve had Presidents here react in just that way!


25 posted on 07/11/2022 4:38:32 AM PDT by fortes fortuna juvat (Democrat politicians and voters are dangerous psychopaths. They confirm it everyday.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: drop 50 and fire for effect

Nothing, including cooked books and peoples livelihoods can interfere with Party dominance.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
You’re referring to the Democrat Party, right?


26 posted on 07/11/2022 4:40:22 AM PDT by fortes fortuna juvat (Democrat politicians and voters are dangerous psychopaths. They confirm it everyday.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: EBH

——Really makes one pondor-——

Yep......... all in China is far from well.

I’ve tried to grasp the overall condition but cannot get a hold on it. I have come to believe that China is in transition from CCP rule that permitted some freedom, some capitalism and the formation of corporations and very large family businesses. All that is being transitioned out as Xi is putting what he calls China Socialism in place.

All business is being nationalized by the installation of CCP control of at least 51% of corporate shares. The party will indirectly control all commerce.

That means trouble for foreign businesses and they are leaving or have left in droves. I know that many companies with world wide operations have mostly left. There are still some residual activity required as rear guard. GM is in jeopardy. Tesla is apparently being left alone to produce and export

The primary source of business activity and GDP growth was real estate. That has now ended and the repercussions are not yet totally realized. The entire savings of zillions of Chinese were invested in real-estate. that investment is now valueless.

Xi has active opposition within the CCP that apparently wants to maintain the old status quo where people could be in private business. That ranges from a push cart on the streets to extremely large family corporations with large foreign interests in say Taiwan and Singapore.

Then on top of all that, there have been what is now three years of extremely destructive flooding of the Yangtze, the Yellow and currently the Pearl rivers. The losses are incalculable. One can only wonder about the thousands of flooded cars

So, All I can really do is watch the process unfold


27 posted on 07/11/2022 5:13:12 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
[ Post Reply | Private Reply | To 17 | View Replies]

To: SaveFerris

Number 2 shot is very effective, but it will stay within your home. Slugs and 00 might go through your wall into adjacent homes.

Freschette rounds are devastating if the target is not protected by a vest. 2 will work on those with body armor as the round will knock down the target setting you up for a kill shot.


28 posted on 07/11/2022 5:22:02 AM PDT by RinaseaofDs
[ Post Reply | Private Reply | To 22 | View Replies]

To: EBH

Oh and two more symptoms of sickness.

In China there is in common usage a term translated to be Tofu Drang. It refers to construction from tofu that fails in service. The abundance of tofu drang buildings and other construction is in fact a realized national joke. The deleterious effect on tofu drang to the general population is on going and impossible to quantify.

Then there is another such widely used expression, especially popular among the young working population. The expression is lying flat. That is rather than work from 9 to 9 six days a week, one just lies flat, does nothing. It has been realized that working your ass off accomplishes nothing. You will not be rewarded for the work and can not advance regardless. So, many have just determined that the way to live is lying flat.

How can the China Socialism handle tofu drang and lying flat...... it cannot


29 posted on 07/11/2022 5:28:13 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
[ Post Reply | Private Reply | To 17 | View Replies]

To: MinorityRepublican

THIS is what the left wants for us. I don’t doubt for one minute that the radical left that is now in charge is moving us toward the chicom kind of totalitarianism.


30 posted on 07/11/2022 5:42:18 AM PDT by I want the USA back (To get the USA back - we have to recover from the current wave of insanity.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MinorityRepublican

Justin Trudeau seen busily taking notes...


31 posted on 07/11/2022 5:45:20 AM PDT by Kriggerel ("All great truths are hard and bitter, but lies... are sweeter than wild honey" (Ragnar Redbeard))
[ Post Reply | Private Reply | To 1 | View Replies]

To: SaveFerris

7 and 8 shoot are good for small game, rabbits squirls, not for intruders, get at least 4 shoot and stick with 2.5 shells, they will work. Most importantly though is get out and practice! !!!!! And extended magazine on the tube is also a good idea, if they make one for the moss,I imagine they do. Good luck, safety first.


32 posted on 07/11/2022 5:45:23 AM PDT by saturn
[ Post Reply | Private Reply | To 19 | View Replies]

To: SaveFerris

Main thing about a 12 guage is, do not hold it against your ribs to absorb the kick. It’ll break them. It kicks hard. Either use your shoulder if you have a regular stock, or brace against your hand if you have a pistol grip. You don’t have to aim carefully, because it sprays a pattern of shot.


33 posted on 07/11/2022 5:46:00 AM PDT by Eleutheria5 (All Hail the MAGA King, beloved of Ultra MAGAs and Deplorables!)
[ Post Reply | Private Reply | To 19 | View Replies]

To: for-q-clinton

No Canada is becoming as bad as China.

ChiComs murder people who protest what they are doing.

They don’t flinch and nobody can do anything about it.

They have been doing this since WWII. But now they have computer control of all money.


34 posted on 07/11/2022 6:10:33 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
[ Post Reply | Private Reply | To 4 | View Replies]

To: saturn

“7 and 8 shoot are good for small game, rabbits squirls, not for intruders”

At a short distance, even 8 birdshot will kill. Go out and shoot one into a water filled (or ballistic jell filled) plastic bottle.


35 posted on 07/11/2022 6:21:06 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
[ Post Reply | Private Reply | To 32 | View Replies]

To: MinorityRepublican

Ain’t communism great?


36 posted on 07/11/2022 6:22:19 AM PDT by EastTexasTraveler
[ Post Reply | Private Reply | To 1 | View Replies]

To: Eleutheria5

Not just gold, other metals, such as brass and lead will also be valuable.


37 posted on 07/11/2022 6:28:39 AM PDT by shooter223 (the government should fear the citizens......not the other way around)
[ Post Reply | Private Reply | To 16 | View Replies]

To: SmokingJoe

38 posted on 07/11/2022 6:30:24 AM PDT by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: SaveFerris

That birdshot will defend you quite well out to 50 feet or so. Beyond that you’d need some buckshot (#4 is fine) or slugs. Slugs will drop a bad guy out to 150 yards or so with a bit of practice.

Yes, the 500 will safely chamber and fire 2-1/2 or 3 inch shells. But trust me, 3 inch in any configuration has a hell of a kick.

Now get thee to a gun range and practice. Without it all you have is an expensive and poorly designed club. Don’t believe the myth that all you have to do is point a shotgun in the general direction of the bad guy. Accuracy counts just like any other firearm.

But you have bought well. The 500 is a rock solid design that will serve you well for decades to come if you care for it properly. I have one and I absolutely love it.

Good luck.

L


39 posted on 07/11/2022 6:31:43 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: dfwgator

Perfect cartoon of Trudeau.


40 posted on 07/11/2022 6:33:08 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 38 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-67 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson