Next Bank Run In China
31 sats \ 5 comments \ @TomK 15 Oct 2023 bitcoin
Chinese Bank of Cangzhou faces a bank run, the next horror news after the collapse of Evergrande et al.
Even the chinese have problems keeping the insolvent Fiat ponzi afloat. When will the showdown for the european banking system begin? The ECB is running a zombie economy for over a decade now!
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0 sats \ 3 replies \ @chovyfubar 15 Oct 2023
no idea, but US isn't doing much better.
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0 sats \ 2 replies \ @TomK OP 15 Oct 2023
Imo the Fed banking cartel is in better shape than the rest. They will survive 6% rates
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0 sats \ 1 reply \ @chovyfubar 15 Oct 2023
yeah but will the US citizens survive it? Everyone I know is hurting right now.
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0 sats \ 0 replies \ @TomK OP 15 Oct 2023
People will discover the only social security that works: the family. Then the USA will explode again.
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0 sats \ 0 replies \ @carlosfandango 15 Oct 2023
And the stitching continues to fray…
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