China’s Banks Are Broke, Mass Public Revolts, Armed Guards Block Withdrawals
Вставка
- Опубліковано 10 тра 2024
- On April 23, the state broadcaster in Xining, Qinghai Province, reported that on April 19, the "People's Armed Division" of the Industrial and Commercial Bank of China's Qinghai branch was inaugurated in Xining with local military and municipal leaders in attendance.
Officials state that this "People's Armed Division" is the first grassroots armed division in national financial institutions, aligning with Xi Jinping's "strong military" ideology.
#chinaobserver
All rights reserved.
I'm sure they didn't ask anything when the money was deposited.
Exactly! As long as the bank have their hands on that money. Here in Australia, Gov will let you keep ill gotten wealth if you give them a cut..dosent matter how you got it, give them a cut, and they'll look the other way.
😂. Too many fuss when withdrawing money. Chinese people, get out of China! You know your true enemy.
Yes
I don’t think the Chinese are particularly financial literate.
They actually do to stamp out crime. Hard both in and out…
“When tyranny becomes law, rebellion becomes duty”.
These are words I never imagined I’d hear strung together. “Bank employees participate in militia training“ what a country.
it has surprised me more that not every chinese is a militant communist, until a few years ago i always thought they all were into the CCP ideology
People got fooled for awhile when China seemed to embrace capitalism for a couple of decades. But have no doubt, China is a totalitarian nation. It also seems like China is reverting back to the Cultural Revolution philosophy of the 60s and China only wanting Chinese businesses in China (that's why so many foreign companies are leaving China).
😂💀
What a horrible country to live in.
Don’t worry America is headed that way
@@tysmith2366
If FatAzz sleazes his way back into office.
What are you taking about American banks are FDIC insured. At least up to 250,000 dollars per account.
@@tysmith2366EVERYONE is headed that way.
@@tysmith2366 well American's have guns everywhere, so its more of a wild card. Not guaranteeing that an armed revolt would happen or would be successful, but at least there's the option; unlike china or other countries where the masses are defenseless against their government robbing them.
it is quite paradoxical. they are urging the people to increase consumption and yet they cannot withdraw their money to spend.
because no money for the chinese and tons of gold bars for themselves including each of their families..
I wonder why Xi Jing Ping called himself a financial and economic genius? 😂
Never never never go to China.
Or buy any of their junk.
Bro i lived there its all good .
@@user-sk5nz5jp5w Sadly it's gotten bad. They are facing a housing bubble crisis much worse than what we had in 2008. Foreigners (outside of tourists in tourist areas) are strongly discouraged from coming - China is reverting back to the 1960s Cultural Revolution where China was for Chinese (which is why so many foreign companies are fleeing China). Covid also created problems that China never really adequately dealt with.
@@user-sk5nz5jp5w Bro, your comforting is not working.
I remember years ago I went to the ICBC in China to transfer $300 to my friend in the USA. They asked me for last years tax records to make the transfer, So I was prepared and handed them over. Then they asked me for my labour contract. Once again I was prepared and handed them over. Then I could see them thinking. Then they asked for this years tax records. I told them it was impossible as the year wasn't over yet, and these records weren't available yet. So they refused to transfer MY money to the USA. This is typical of banking in China. Your money is not really your money in China and state owned banks will do anything to avoid helping you withdraw or transfer YOUR money.
My god!
Catch -22 is alive and well, isn't it ?
Your money is accessible anytime from Chinese banks (provided you don’t actually ask for it, obviously). So your outrageous request was treated with the contempt and derision it deserved.
If you want to stop worrying about ever seeing your money ever again, do what every fiscally wise Chinese does with their hard earned money and invest in fake gold or jade, scam bitcoins, the rigged stock or real estate markets, or buy a brick of scratch off tickets. These will ensure you’ll never see your money again, so you can stop worrying.
But there’s the risk you’ll spend more than your savings and put yourself in debt in a Quixotian quest for profit.
But if you doggedly insist on retaining some measure of REALISTIC hope of ever seeing your money again, AND entertain the fantasy of earning a return if not the possibly of even becoming a decent success in China; hit the roulette table.
With roulette, instead of years of stress, doubt, agony, and fruitless screaming trying to right the injustices done to you and get your money back, you only burn through a few seconds of intense anticipation before your savings are completely depleted and you’re dreams are crushed. 😊
If you put your money in a Chinese bank, there is a good chance you'll never get it out. I said this over a year ago, and now it's becoming reality
It was true yrs ago, you weren't prophetic.
It’s happening in America too
Wow a back door military draft😮
Better never to trust the Chinese.
To be safe than sorry, put your money in the Xingi Pingi Bank of Communist China.
When your banks start founding military units with consent from the government, it’s a nightmare.
Never put your money in a Chinese bank. Never.
As soon as you give them your money, its not yours anymore, its theirs and you will never get it back
The rmb has better uses. Like tp or wall paper.
@@mah7961 If that is true, then the bank can give you tp or wall paper when you make a withdrawal and you will accept it?
I only deal with USD. Last I checked 1 rmb is only worth .14 cents to the USD. It’s safe to say that the USD is way stronger than the Rmb. Even euros are stronger than the RMb. There’s a reason why the ccp covets usd and euros.
yes, bansk are militiars now. some of depositers money are made 50 Yrears dont. use it in next world. dont put money in the banks.
This is true of all banks nowadays tho
humanity needs to come together and stop letting dictatorships ruin lives
No - humanity needs to get together and stop letting GOVERNMENTS ruin lives.
That requires unified belief in a shared cause. Only way that will ever happen will be if humanity as a whole, faces an existential crisis.
@@yomommaahotoo264
Same thing.
@@InVinoVeratas
Alternatively, we have the communications to not have to wait for sich a crisis.
You mean narcissism. Pride (the ugly kind of pride) is what it's called in the old days. Orgolio in Italian. Natcissism... it scams, is selfish, and has contempt for compassion and selfless love... it's antithesis.
Why are you withdrawing money? To spend it. If the bank is questioning you about removing money from your account. You have to question if the money belongs to you or them.
Prof werner shows that deposit is IOU to customer it may or may not exist with no reserves. The bank loan is newly created money.
Actually when you deposit money to an account even in the West you're actually buying a part of the bank coming a shareholder in a way. It actually does become their money. Read the fine print.
Even if you manage to get it out of a US bank the police can then just take it from you without any due process. Only drug dealers need lots of cash.
@@brokencountry283but accounts under $250k are insured under FDIC. So in practise this would never happen
@@brokencountry283 so should we just keep it at home where its safer?
Banks are flammable
In case anyone forgot
Asking the Fox to guard and protect the chickens never works out quite as planned.
A chase bank teller once told me I see your making alot of withdrawal out of ATM machines.The next day I closed my account
Hope you gave her a piece of your mind!!
The Chinese citizens still don’t know that they don’t have privacy. 😅
heard of the nsa?
@@CmdrSoCal Privacy, was dat?
60 Million Property owners have unfinished Real estate 🤯
A shocking figure. In the UK, generally, payment isn't made until the property is completed. China needs a similar system.
@@well-blazeredman6187 Its to late their economy cannot endure the cost to bring accounts into balance against 60 million upside down mortgages. And that's what we call irony clearing these "dead pledges" would be fatal to the CCP.
That’s horrific. Not only that, remember, the bill collectors harass their families to insure payment.
That are "reported," it's likely much higher than that.
When banks have to have their own armies you got to see what is coming! Gasprom is now being held responsible for their own SAM protection with all the drone hits. It’s getting crazy out there!
How many times can they lie to you if you do not know the truth
My US government lies all the time too.
911, Moon landings for starters.
Well, outside of China and in the West it's the opposite problem. It's a matter of if people choose to believe the truth.
As of Democrats are really that much better than Republicans or vice versa. The truth is right in their faces but it's harder to convince someone they've been fooled than to fool them in the first place
It's safe to assume that many banks in China are already bankrupt because in the West banks can't deny their obligations. If they do they go under custodial control by the govt. and then the govt. tries to get another bank to take it over, after paying out obligations, or enough to sell it. If they can't get a buyer then the insurance pays out what's required and everything after that is a loss to consumers and investors in that bank.
It's also safe to say almost every real estate company in bankrupt.
It's also safe to say that many of the local govts. are bankrupt.
It's already shown that many businesses have gone bankrupt or simply shut down, leaving about 3 months of payroll owed to the worker and the owners no where to be found.
It's safe to say their military is hollow because the equipment is tofu dreg construction just like almost everything built in the last 30 years.
It's safe to say China is in for a long period of economic pain, MUCH worse than what Japan went through.
Agree. Or they would do as customers want. I think they don't have much cash in the banks so they would question the need of the customers case by case.
The banks are 99.999% insoluble. Banks took on wayyyyyy too much bad debt from housing developers. Remember what he said, “banks depend on interest margin for survival.” Theyre already 99% dead while counting on that measly 1% staying afloat. Imagine it to be an iceberg with only 1% sticking up because beneath its expanded so much. Yeah. Bigger banks won’t touch them because they don’t want to add those bad debts to their balance sheets.
Crazy, why they need a security force to attack banking customers. It doesn't make any sense?😂😂😂😂😂😂😂😂😂😂😂😂
Does if bankrupt
U wait to see what happens next the people are screwed
yes it does, this IS communism
What happens when there is a run on the bank!
Time to start keeping cash in the mattress.
Personal privacy? In china??? Since when???
The government wants to encourage "consumption" by spending +++. At the same time, the people cannot take their money out of the bank to do so. What a lovely contradiction!
stimulate spending = transfer wealth to the top
Their country is economically crumbling. We pity the Chinese people.
Bank: Why are you withdrawing this money.
Me: I'm going to launder it, somehow.
Bank: OK, we just have to ask. Have a nice day.😁
Yeah, right!
Thank you for your excellent narration and keep informing the world the Truth on China. China is severe CRISIS, China Economy is spiraling down ward, unemployment skyrocketing over 40%, businesses bankrupcies are everywhere Evergrande, Country Garden will follow, Suning, banks run (deposits withdrawals) everywhere followed by inflation.
This is ridiculous. I had to withdraw $1800 for an unexpected but unavoidable expense. The teller did not ask me a single question about it. It should not matter to a teller if the customer needs to buy groceries, repair a car, or see a doctor. Other than just being controlling, I can't see what the motive is here.
I've been questioned and made to wait when closing my account here in Australia.
@@charliepearce8767not in America. I just got a email from my bank that have introduced virtual tellers at ATM's available 24/7. You can now speak with the teller and take out $2,500 at once. So if the bank is closed and you want you to buy a used car over the weekend or tv is on sale you can get the money no questions asked. Banks in America are afraid to play games because you can start a bank run in 24 hours if they refuse your money.
My bank asks me how I would like the money.
Banks are pulling this crap in Canada as well. 😡
@@ericwilliams1659 As it should be
Shit, the US banks have been questioning withdrawals for years
Withdraw less that 10k or do not attempt to hide reason for withdrawal.
1970 was not years ago. It was half a century ago.
They know their economy is about to crash hard.
The bankers are starting to ask the same questions in the USA, they’re acting like it’s their money, not yours. Wait until we have digital currency the federal banking system, and all the three letter identifiers agencies will have access to all your spending habits.
USA bankers were asking those questions for half a century. They are legally required to do that.
That's why keeping some cash on hand is prudent. You can refill a reserve gradually and anyone dumb enough to ask why you want 100$ can be told to f*** off with a clear conscious.
Yeah, then decide whether they'll allow you to make that purchase
sadly for the chinese, it's not that they are having a social awakening but that the CCP is putting so much pressure on them that they are breaking, even if by some miracle a change is made in the upper echelons, it'd just be another iteration of the CCP and nothing will have changed
CCP will become a proper monarchy
the UK does this !!
try and withdraw a grand in cash
from a UK bank
and they ask you what you want it for?
in the name of money laundering etc??
The bank is preparing for a major run on the banks. Like what happened at the beginning on the Great Depression. What do they know that people don't?
Banks know they are already broke beyond any recovery.
More money will be stored under the mattress!
Bank: Lets create our own militia to protect is from out customers.
Advisor: How will you pay the militia?
Bank: We'll use employees.
Advisor: How will you pay the employees?
Bank: With our customers money.
Advisor: And when you have no more customers?
Bank: ...
Advisor: ...your gonna die.
@@scottpelletier7095 Bank:......' No, you will die, we have our militia ! '
It's the housing bubble that is about to pop - and much worse than what happened in 2008 in the US. They approved so many bad loans that are coming home to roost. China was so concerned with looking so prosperous, and government was pressuring as much development to take place, even if it was a ticking time bomb.
1:00 Banks don't ask where your deposit money comes from or how you got it ,but wants to know why you want it back and going to spend it on .
Only made in china🎉🎉🎉
If they ask me why I’m taking money out the bank . I will say I want to buy bank shares .
LOL
Perhaps that's because Chinese banks lack liquidity.
The Chinese banks are failing, and they are not letting money go because they don't have it. It can happen here too someday if we do what they did.
All banks have no money on hand. They are only required to have 10% of the total deposits on hand. If you deposit $100 into your account your bank loans out $90 of it. The bank then loans out the the loan repayments so our money really only exists on the virtual deposit list we look up online. When you listen to former bankers explain it it is scary how our deposits really don't exist.
Sounds like the people are losing confidence with the banking system there
But the banks do look at the figures on depositors trillions
In USA at least there is upto $250,000 (aggregate total checking & saving) FDIC secured; so, chose Federal Chartered Banks in depositing your funds in large banks & spread it to e.g. J P Morgan Chase, BOA, Wells Fargo etc.
China doesn't just spread authoritarianism to other governments but practices such as this. Many countries and people want to copy China's model because of its perceived success.
This issue isn't all that uncommon now in many countries. Banks make their money on loaning out YOUR money, thereby not having a lot of cash on-hand, so they would prefer you keep your money in the bank. When a country is having economic difficulties, the banks become even more authoritarian over YOUR money.
Yep
ARMED MILITARY IN BANKS
Preperation for coming collapse
Coming to a branch near you.........Oh, wait, you have them already in USA !
@@linmal2242nah military sponsored banks. We actually have police and soldiers brought in when protests get violent. But banks having their own military? Nah, you thinking China. Try and keep up.
A little prayer to every imaginary god, no matter which flavor, every morning ... thank you all that I don't wake up in China every day. Amen etc
Like that, 'imaginary god' ! Have you read 'The God Delusion' by Richard DAWKINS; or 'God is Not Great' by Christopher HITCHENS ? Reality squared !
We all have our beliefs, even no god is a belief.
Great economic analysis in this video. The CCP is out of options.
Why keep putting money in the bank in the first place?
The better question is why keep putting money in a Chinese bank.
This is happening in the U.S. as well.
Australia does this now too
Not ironically Chinese influence
See Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 in Australian laws. I can't be bothered to read it all to see if threshold is 1k or 5k kangaroo dollars.
What is a bayonet for but to harm unarmed civilians?
da..
Does China only have 1 bank note all I ever see is that pink 100 yuan bill serious question 😂😂
They got more than one color but if ask me it looks like Monopoly money
Watching those muppets trying to do kendo @ 02:40 ... 😂 I hope this country never goes to war 🤣🤣🤣
Your video editing skill is marvellous!!!🤣🤣🤣
oooh, that's going to be hard on thee ol' social credit score....
Great.
Happenin 8n canada now too
They ask you the same questions in the UK and AUS
Next big one to fall? Insurances .
They’re already pulling out of states and canceling policies
Not so sure! Used to work there; most (companies) have it covered, unless there is 'worldwide' catastrophe ! Possible!
But then there is 'Catastrophe Insurance' .....and then there is Government - The last resort who own the printing presses !
Rise up People of China
" The Government does more Harm by doing more Governance "
Yah, what a horrible country I live in,the USA asked me why I am taking cash out of my savings or checking account if it is$5000 to $9000
China govt. will always say we are stable and our economy is growing. LOL.
maaan.. I love watching these kind of vids
The new book, The Bubble That Broke the Bank, points out that banking and real estate are Siamese twins. This means that Chinese Mega-Depression will create massive instability in society. Debt deflation is already finding strong levels of unemployment and devaluation of the currency. The future is a bank holiday.
When will the people stand up?
Why they never ask on why they put the money in the bank, huh?
THATS AMAZING,WOW.
Increíble can you Imagine a bank actually being allowed to fail because they are bad at banking.
When banks start forming armed militias, well what does that tell you?
Don't keep your money in the Bank and don't let anyone know where you keep your Money.
In Australia now they ask you what the $$ is for over a certain amount.
I've pulled out 19k at one time nobody ever asks. If we buy on line or at store they double check with a text to make sure it's us as Security check. We just hit y or n
I’m amazed at how Australia has been China-fied since the beginning of the plandemic…concentration camps and all
One of the methods that overseas scammers use to acquire untraceable money is to get the victim to withdraw cash and then use the cash to wire funds to them, or to use the cash to buy gift cards from which the redemption codes can then be read out verbally to the scammers. Such scammers also coerce their victims not to discuss why they are withdrawing the money except to offer a reason that the scammer gives them, eg, giving the money to a relative to buy a car. A likely explanation is that the bank is taking some care to check whether you might be in the process of being scammed.
@@t.dickinson7942 you pulled out 19k chinese money and not 19k usd. Withdrawing 19k USD from federally regulated USA bank will result question on why you are doing it since 1970.
Big Banks in Australia have also treated depositor like criminals when they want cash from there bank accounts ...
Use a 'thrift' or building society instead !
Bank Teller: "Why are you withdrawing money"
Customer: "Because it's my money?"
Bank Teller: "Not anymore"
Soon everyone will have military training. This could one day backfire when all those civilians fight back.
They can fight back with sticks and stones but without firearms they would be massacred. That's why the US founding fathers put the 2nd amendment to the US constitution. The US people have more firearms than the US military.
IT BEGINS, LETS GOOOOO
That’s the CCP money 😂 it’s not their money
Cashless society 101
Wow..
It's interesting that deposits aren't questioned, only withdrawals 😅😂
They teach the military formation dancing. Alongside tofu dredge armaments, a truly formidable force.
People hope their govt will help. Are they that naive?
The universe finds a way to balance misdeeds. Defraud the common people long enough, the tide will turn. Those complicit will have it coming.
So let's get this story together 😮 they want people to buy stuff to keep the economy going. But don't want to give people their own money out of the bank.🤯😵💫🥴
DEBT ! They want you hogged-tied by the system. If you are debt free, you are independant, therefore free;
to travel, to relocate, to reject their authority !
Just tell the teller that want the money to go out and buy expensive gifts for everyone in the bank. Money over the counter no problem.
Anxiety over what people might do.
This is getting bad in China.
Bank: "What are you using your money for?".
Customer: "groceries"
Military: [stabs netizen]
Those agitators sound like COMMIES! They can't have that!
Money you can make, but can't have...
how is that different from having no money in the end?
Welcome to Joey's America.
Don’t put money in the bank. Keep it somewhere else
It's not rocket science but we all know who should be questioned about money in China and it's not the ordinary people.
Better start minimizing the risk of sudden bank failure thus losing all your savings by spreading your deposits evenly across ten different banks. Losing 1/10 is better than losing 100 percent
Am i right to assume this is a problem only with cash withdrawals and that card purchase transactions still go through. If so, what does this indicate?
I think they created their own problem.
Some fun facts:
1) Bank employees have organs.
2) Organs are expensive.
Aren't facts fun? 🤣
“Why are you withdrawing money?”
“To spend it”
Ngl, if i was that clerk I’d probably be like “damn fair point, here you go G”
Heck, it's getting like that in the U.S. too. Last summer i went to buy a used tractor and they wanted cash, when i went to get it out of the bank they wanted to know why i wanted it.
You tried to cash out over 10k USD. US banks are required to report it to FinCEN since 1970. They will not stop you from withdrawing money, but cashier will ask why you are doing it. Some might try to talk you out of doing that cause they do not want to spend their time on filing a report.
Tbh I wish I was asked. I got scammed out of $17k. There was a shit ton of scamming going around the past 4 years. If they ask it’s because they’re trying to protect you from getting scammed. I pull out 5 figures regularly so they probably didn’t think it was an issue. My bank is a medium bank and they actually care since there was a huge uptick in people getting scammed.
Its happening here
is this happening now or is this years old news?
It seems like common sense for the people to hide what money they have left mattress bank maby ? It's sad so see people who are innocent suffer meaning the poor
Very good hopefully not anymore change 😮
Think I'd rather have gold under my bed than yuan in a Chinese bank account.
Literally the 1st second and I'm left laughing my guts out. These poor fuckers.