But when was the last time that a banking system error and a military deployment in a civilian area coincided anywhere else in the civilized world? [firefly_poll] More disconcerting footage from the streets of what local sources cited to be the city of Rizhao showed a column of Chinese armored vehicles rolling down the street in order to prevent protesters from reaching the bank. The bold-faced similarity to the tragic and iconic events of 1989 that saw the Peoples Liberation Army of the Chinese Communist Party brutally put down protesters directly outside the U.S. Embassy in Beijing was not lost on observers in Western nations. “Tiananmen square 2: electric boogaloo,” commented one user, NDTV reported. Under the Communist nation’s arcane banking regulations, the breakdown was allegedly caused by the actions of the Henan Xincaifu Group had seized control of five rural banks through “internal and external collusion” and “illegally.” “The action plan is to repay the principal of these customers in batches,” an unnamed official from the China Banking and Insurance Regulatory Commission told the state-owned China Banking and Insurance News in a rare, wide-ranging interview on Sunday, the South China Morning Post reported. The optics of the scenario are difficult to ignore, the AP even reported, “Bank customers have been harassed and attacked by police, most notably in a protest earlier in July in Zhengzhou. Multiple bank customers interviewed by the AP said they have been interrogated and threatened by police.” These reports taken alongside reporting from the South China Morning Post and NDTV, reveal that in the uncommon situation of widespread protests spreading even despite the consequences of police action, social credit impact and even military intervention may not be sufficient to continue the coercion of Chinese people. This article appeared originally on The Western Journal.
🚨🚨🚨🚨Breaking news🚨🚨🚨🚨— Wall Street Silver (@WallStreetSilv) July 20, 2022
Tanks are being put on the streets in China to protect the banks.
This is because the Henan branch of the Bank of China declaring that people's savings in their branch are now 'investment products' and can't be withdrawn.