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 ...
LOL. Good one.
I agree on aiming - at most indoors distances, the shot patter will not expand more than the palm of your hand. A casual point and shoot is not reliable.
For a full stock, I like the shoulder mount, and don’t use anything else. Pull it snug and let fly.
Some would suggest taking my advise on such things may be less sound, my fowlers, 12 and 10 ga. are caplocks, and one small bore cape gun, .32 cal and 12 ga cylinder bore in flintlock. It’s been years since I’ve fired borrowed breech loaders! ;)
excerpt-
Using national flags to display patriotism is a common strategy for protesters in China, where dissent is strictly suppressed.
“Don’t know what the kick will be like”
One good way to find out...
There is nothing like practice, to improve performance.
At the very least, test firing the weapon.
Mossberg 500 is a classic.
We’re learning fast…
Lose your life savings, yes, communism certainly is Utopia
And the fact for 2 decades the local banks have acted like an atm machine for corrupt local officials, they rubber stamped loans from crony business projects associated with the those officials, with bloated budgets that included huge payoffs to those officials for getting those loans approved.
At the time everyone wins, the projects inflated the region’s GDP which made the official look good, and China economy was growing so fast that the good loans the bank has on the books yielded enough profits to offset these questionable loans. Evergrande is just the tip of the iceberg.
But that is no longer true. China’s economy has slowed down drastically the last few years, some of it covid related, even private loan to good (formerly) private businesses are failing, and consumer real estate defaults have shot up too.
The only thing preventing these banks from collapsing is basically the government preventing individual depositors from withdrawing their money.
It depends on how many of these banks are in danger of falling and how many depositors there are.
Shooting them could completely destroy the public trust in the banking system and might spark a huge run on banks by everyone in which case their entire banking system blows up.
“Chinese authorities on Sunday violently dispersed a peaceful protest”
I loathe China but in their defense I saw video last night that showed the initial police response as pretty reasonable and then the protesters started throwing things at the cops. It escalated after that.
Not saying the CCP was right but neither will I go along with saying the protesters were all that peaceful.
Your correct, but the penetration is not that good. If your at point blank range yes, in that case buy the judge, 410 or 45 long colt, stick in there gut and bang.
Gold is for buying your neighbor’s house, car, or daughter.
Silver is for buying gas, groceries, and ammo.
Copper is for small things like a loaf of bread.
Ammo is also a useful currency in hard times.
Gaining insight from all this into why China banned bitcoin.
Data... the new foil!
Exactly; adjusted for inflation=
Copper ($1-9)
Silver ($10-249)
Gold ($250+)
If you figure 1 cent (pre-1914 Federal Reserve)= $1 (2022)
I live in small town in sparsely populate area. My choice in hand gun, 38special/357magnum. Load Hornady 158gr XTP bullet with 8.6gr Accurate no. 5 for my 357 magnum loads. It has the range and stopping power.
Don’t own an AK or AR. Most of the rifles are 30 caliber. Have some heavier.
CNN sucks.
Chinese civilians need guns.
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