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
-PJ
Good thing for the American taxpayer that Soetoro isn’t around anymore to air-drop pallets of cash.
True. Here's another source, a blue check:
"HKMA denies that they are imposing strict limits on cash withdrawls. Nothing is true until it's denied.Friends have verified ATMs are out of cash and banks are restricting withdrawls.Why on earth would depositors leave money in banks that are levered 850% GDP?" - @Jkylebass (Chief Investment Officer Hayman Capital Management)
If this were true, gold would be up $40.00, not $4.00.
If it’s on the internet it has to be true.
Nothing about withdrawal limit changes.
I don’t know. It’s not clear anymore that anyone thinks gold is the hedge it once was.
Well, they won’t SAY that’s why... and neither will the media.
But it is.
I don’t think they would actually say that. I think it would just be, once you’re at the ATM or the counter, “Oh, I’m sorry, we have a withdrawal limit today.”
This would prevent panic.
“Interesting times”, indeed.
Stockpile USD, precious metals (brass & lead), food, TP and water. It’ll be a short SHTF, but it will happen with a worldwide wave.
Not sure if this is a good thing. They own $1.5 trillion of the US debt, or like 19%. What happen when they say “Pay us, NOW!”
If this is correct it will be evident very quickly.
Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Yeah. Like the next treasury note auction
Thanks, this is big news.
I imagine the same thing that was always going to happen: “We don’t have the money. I guess you’ll have to come and get it.”
Then, war.
Of course, I could see Trump working a deal, but it would likely require Congress’ cooperation. That would also mean war.
True, until a major event happens, then all bets are off. They flock to gold in a matter of minutes.
They survived Dub OK since they threatened to cut off money for Iraq and Afghanistan if Dub didn't let them run the bureaucracy so they could promote their people everywhere. Trump, however would have been tickled pink for them to cut off funding for both so they didn't have anything to hold over him. Hence, Russiagate and now Ukrainegate made up from thin air.
The democrats want the same power over the people China has, the serfs owe everything to the party from permission to have a child, through their job, and the right to stay alive rather than having their valuable organs taken. Now, Trump put tariffs on China and it's a critical time in the long term plan. When you see industries moving out of China and many of them returning to the US, the whole democrat plan to establish a one party state in the US like the one in China is in jepordy. China is a house of cards. The elite of the party actually own all the companies there and big chunks of the US companies that operate in China, as long as they operate in China.
Hong Kong is essential to the money scam in China, that's why the HK dollar still exists rather than the change to RMB having already taken place. Hong Kong is in the midst of a color revolution whether the US is running the show or not. I suspect that the few CIA people who are loyal patriots are in charge of whats going on in Hong Kong to increase the speed at which the tariffs bite and undermine the usefulness of HK to the Chinese leadership. Hopefully there are a few more loyal patriots available to pull the right strings and unravel the whole Ukrainegate farce.
Schiff probably isn't on the Chinese hit list but I'd bet there are one or two of his big money backers who are sweating and worried. Could be that if someone unwinds how Schiff (current chairman of the Intelligence committee) is tied to China and you'll find the reason for so much classified materiel flowing straight to China just a quickly as if flows to our own servers. Not because Schiff has been responsible for any great length of time but because Shiff seems like the type who would sing like a canary if caught.
As riled up as the "permanent government" is, (feeling so powerful they can promise to put a knife in the back for the President), what are the odds of someone breaking ranks and outing all the people beholden to the Chinese? I hope I'm wrong, but looking back over the years I'm not optimistic about those odds. A lot of people well known within their fields will be dying in the next month or so. How many of them are not Chinese will be interesting and informative.
JMHo
Someone is going to end up eating it on both sides of the border.
I'm rubber you're glue....
They can’t.
They have to sell the bonds to someone else. We already sold them under terms.
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.
