Posted on 03/28/2025 5:08:24 AM PDT by neefer
YouTube video showing very bad news from Chinese banks. Here's a list of highlights.
@1:41 is footage of a woman who recorded herself trying to get her own money out of the bank. She told them she wanted it to buy a safe to keep her money in. She was denied.
@5:60 is a graph showing the number of banking institutions that have closed: 307 banks closed in 2 years. More mergers and closings on the way.
@9:15 China's largest bank, PINGAN, is not doing well. Annual report shows profit down 4%, operating revenue down 11%. Their retail division is down 20% with numerous regulatory complaints like unauthorized charges.
@15:33 CCP in denial.
Do what the Argentine generals did with the Falklands. Invade and distract-Taiwan.
China has been a paper tiger all along 😉
That raises the possibility that China must war to gain more resources.
They’re still grabbing turf and building military hardware like they want a big fight soon.
Yeah, things are going to ugly somewhere. And probably sooner than later.
All is well in china and russia😎😂
One of my favorites is a certain usual who loves to post Russian GDP numbers.
Spending billions on stuff that gets blown up one way or another does contribute to GDP😂
China is interesting, imagine numbers coming out of there are even more skewed than Russia.
Demographics around the world are almost universally bad, but China looks particularly in trouble. Huge numbers of people retired and nearing retirement, but the lower tier numbers are bad and yet they have record youth unemployment????
FYI...
Renminbi, also known as RMB, is the currency system in China. The base unit of the renminbi is yuan, which can be written as CNY. The Chinese word “renminbi” (RMB) means “people’s money”.
Why go to that much risk and potential trouble when you can just shoot or drive tanks over your own people with token sanctions at worst?
I think so too. But what if the war turns civil? A young generation that insists on “lying flat” probably isn’t eager to do some foreign fighting. I think civil conflict may also erupt in China.
China has lots and lots of young males with little chance of ever finding mates. What to do with them?
Russia may be poorer, but they’ve spent the last 30 years becoming internally self-sufficient. They can weather end of times better than America could, I think.
Thanks! I didn’t know that.
Russia has always maintained a strong internal self sufficiency, it is cultural.
Exactly. People have been predicting China will go to war for years. I also think it lends itself to civil conflict.
Yeah, it’s a pretty crazy situation that’s heating up fast. I keep thinking, “Wow, how can I make a lucrative asymmetric trade from this volatile news?” LOL
Intended pun?
If not, let's remember that China has 1 million active soldiers in the Army and a 1/2 million additional reservists. With these numbers, China would win most conventional wars through attrition - IMHO. If their enemies resort to nukes, let's remember that they have nukes too.
War with China or Russia is something to avoid, if possible.
Always avoid a land war in Asia.
I keep hearing this, self sufficient…, but I have my doubts
The East will do fine considering they are much like Appalachia during depression, but the west like Moscow and St. Petersburg I doubt would fair well, add to that much of the countries production has been switched to war making goods….
Because wars are such great resource improvers.
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