11 July 2022

Trouble Ahead, Trouble Behind. China Bank Runs Cause Mass Panic, Authorities Crush Protesters.

 It started with 4 rural banks and a vanished bank officer. Accounts were frozen and funds not available to depositors. Video at the source. 

China crushes mass protest by bank depositors demanding their life savings back (msn.com)

Could this mark the beginning of the end?  The Chinese economy has been gliding high on updrafts and paper wings for years, but paper wings won't last long in a storm. Is there a Crash on the horizon?

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