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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Bank runs are worsening in China
#27872594 - 07/22/22 08:40 AM (1 year, 6 months ago) |
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https://www.investmentwatchblog.com/bank-run-continues-in-china-its-getting-really-bad-now/
imagine ot rose to widespread national levels, it could be a trigger to a worldwide crisis.
-------------------- Omnicyclion.org higher knowledge starts here
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nooneman


Registered: 04/24/09
Posts: 14,555
Loc: Utah
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Re: Bank runs are worsening in China [Re: Asante]
#27872754 - 07/22/22 11:22 AM (1 year, 6 months ago) |
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Vulnerability to bank runs is a symptom of much larger problems in the Chinese economy. China's economy is largely smoke and mirrors, and this indicates that there are very deep problems in their economy that can no longer be hidden. It could lead to a collapse in the Chinese economy, possibly even unrest in China if it continues.
Money that banks hold is invested, so this indicates problems with these investments. The investments in China would no doubt be to corporations in China run by the Chinese government. So this would indicate deeper problems in businesses run by the Chinese government. The businesses in question likely include real estate companies which are on the brink of collapse in China due to their poor business practices. The stock prices of these companies are currently rising, likely because the Chinese government refuses to let them fall, but that could make the disaster worse in the long run by making their eventual failure result in an even larger loss.
Bank runs could result in a collapse of the real estate market which would take out more banks in a vicious cycle.
There are some reports that tanks are being used to prevent people from withdrawing money. These might be inaccurate, but I think it reflects the seriousness of the situation.
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Bank runs are worsening in China [Re: nooneman]
#27872779 - 07/22/22 11:44 AM (1 year, 6 months ago) |
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Its a straight up threat to the nation, if bank runs flare up at once nationwide and in great numbers, the system seizes up and if a system that big seizes up its super vulnerable.
And what a spark plug for the impending world crisis to ignite.
I posted this thread primarily because it could be a tremor prior to a great eruption that potentially be a disaster or opportunity for our personal investing.
lets be watchful.
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OutsideOfMyMind
LSD Self Administrative Director


Registered: 10/05/20
Posts: 5,380
Last seen: 8 hours, 22 minutes
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Re: Bank runs are worsening in China [Re: Asante]
#27909963 - 08/19/22 04:58 PM (1 year, 5 months ago) |
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Money is an illusion. Wealth is an illusion. It doesn't really exist other than just a number on a computer screen. As soon as everyone realizes this then we can all be happy.
Edited by OutsideOfMyMind (08/19/22 04:59 PM)
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Quote:
OutsideOfMyMind said: Money is an illusion. Wealth is an illusion. It doesn't really exist other than just a number on a computer screen. As soon as everyone realizes this then we can all be happy.
A bar of silver is ultimately also illusory, but its an illusion on the level that our bodies are an illusion.
They are a number on a weight scale.
Money is an illusion but wealth is not.
We finance the village water wells for Uganda, Uganda doesnt finance the viullage water wells for us. The difference is our wealth and their suffering.
-------------------- Omnicyclion.org higher knowledge starts here
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OutsideOfMyMind
LSD Self Administrative Director


Registered: 10/05/20
Posts: 5,380
Last seen: 8 hours, 22 minutes
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Re: Bank runs are worsening in China [Re: Asante]
#27911370 - 08/20/22 01:58 PM (1 year, 5 months ago) |
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Wealth just means having enough people to do the work for you so that you can sit back and do nothing. Like the billionaire oligarchs and like a queen in an ant colony.
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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I disagree. If i lets say won the powerball and became an overnight billionaire, sure i'd pimp my little house and life a bit, but I'd convert the money into gold in a bullion bank and use that to greatly step up my philantrophy, benefactor and fundraising actions.
It would become my job and responsibility to make the most of almost all of that for the good of the poorest of the poor of this earth, and towards the ecosystem and to accellerate our dash towards the singularity where knowledge will set us free of all our problems including the limitations of the human form.
The plan is already there in case the money arrives by whatever means i have antennae out for.
Wealth for me isnt about lying in a hammock sipping a mojito while my dick's beihg sucked - its about doing more for the good of us all with God as my guide.
God knows i'm good for it, if he'd like to get serious about it, insert coin and watch the monkey dance.

Ball's in your court, Prime Mover
-------------------- Omnicyclion.org higher knowledge starts here
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OutsideOfMyMind
LSD Self Administrative Director


Registered: 10/05/20
Posts: 5,380
Last seen: 8 hours, 22 minutes
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Re: Bank runs are worsening in China [Re: Asante]
#27911910 - 08/20/22 10:16 PM (1 year, 5 months ago) |
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Quote:
Asante said: I disagree. If i lets say won the powerball and became an overnight billionaire, sure i'd pimp my little house and life a bit, but I'd convert the money into gold in a bullion bank and use that to greatly step up my philantrophy, benefactor and fundraising actions.
It would become my job and responsibility to make the most of almost all of that for the good of the poorest of the poor of this earth, and towards the ecosystem and to accellerate our dash towards the singularity where knowledge will set us free of all our problems including the limitations of the human form.
The plan is already there in case the money arrives by whatever means i have antennae out for.
Wealth for me isnt about lying in a hammock sipping a mojito while my dick's beihg sucked - its about doing more for the good of us all with God as my guide.
God knows i'm good for it, if he'd like to get serious about it, insert coin and watch the monkey dance.

Ball's in your court, Prime Mover 
IF you had the money. The people who don't have the money seem to know how to solve all the world's problems if only they "had the money." Why not solve them without money? Or with the HOARDS of fake money all the billionaires are hoarding?
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theRealrollforever
I DID-DENT



Registered: 08/31/13
Posts: 12,736
Loc: Bada-Bing!
Last seen: 1 day, 17 hours
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Quote:
OutsideOfMyMind said: Money is an illusion. Wealth is an illusion. It doesn't really exist other than just a number on a computer screen. As soon as everyone realizes this then we can all be happy.
A fuckin men
--------------------
sunshine said: The order has to be secret and no one is sure.
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Quote:
OutsideOfMyMind said:
IF you had the money. The people who don't have the money seem to know how to solve all the world's problems if only they "had the money." Why not solve them without money? Or with the HOARDS of fake money all the billionaires are hoarding?
What kind of bullshit inquiry is this? I do everything i can with what little resources i have available.
I'm not one of those guys who only plans to do something if riches comes his way, i earn less than many shroonmerites pay in rent and i still bend over backwards to help every single day.
Howe about you? You criticize me so hard, what do you do?
I know you're a good person but you are barking up the wrong tree here.
I'm not one of those weaksauce dickface that is all talk and no action where it comes to helping those around them.
I walk the walk, even though io can barely walk in the extreme pain of my medical conditionm, putting smiles on faces i will never see.
-------------------- Omnicyclion.org higher knowledge starts here
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OutsideOfMyMind
LSD Self Administrative Director


Registered: 10/05/20
Posts: 5,380
Last seen: 8 hours, 22 minutes
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Re: Bank runs are worsening in China [Re: Asante]
#27912423 - 08/21/22 01:20 PM (1 year, 5 months ago) |
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I was not criticizing you.
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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hronic pain, sorry for the overreaction.
-------------------- Omnicyclion.org higher knowledge starts here
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
Loc: West of Windward
Last seen: 3 months, 27 days
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Re: Bank runs are worsening in China [Re: Asante]
#27913661 - 08/22/22 01:08 PM (1 year, 5 months ago) |
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Damn, I sure wouldn't mind lying in a hammock, sipping Pepsi Max and getting my dick sucked (by a woman mind you)
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Bank runs are worsening in China [Re: Tripsurfer]
#27913693 - 08/22/22 01:40 PM (1 year, 5 months ago) |
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Its a good position to be in, but its a waste to sit on a billion and not use it for the future of our species and the life of earth.
-------------------- Omnicyclion.org higher knowledge starts here
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Loaded Shaman
Psychophysiologist



Registered: 03/02/15
Posts: 8,006
Loc: Now O'Clock
Last seen: 27 days, 18 hours
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Re: Bank runs are worsening in China [Re: Asante]
#27914547 - 08/23/22 02:42 AM (1 year, 5 months ago) |
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Quote:
Asante said:
Quote:
OutsideOfMyMind said: Money is an illusion. Wealth is an illusion. It doesn't really exist other than just a number on a computer screen. As soon as everyone realizes this then we can all be happy.
A bar of silver is ultimately also illusory, but its an illusion on the level that our bodies are an illusion.
They are a number on a weight scale.
Money is an illusion but wealth is not.
We finance the village water wells for Uganda, Uganda doesnt finance the viullage water wells for us. The difference is our wealth and their suffering.
Asante knows what's up.
--------------------
  "Real knowledge is to know the extent of one’s ignorance." — Confucius
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
Loc: West of Windward
Last seen: 3 months, 27 days
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Re: Bank runs are worsening in China [Re: Asante]
#27914927 - 08/23/22 09:58 AM (1 year, 5 months ago) |
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Should I become filthy rich I wouldn't spend a dime on charity
I would hire you to spend if for me. I ain't got time for that
I will probably implode under my own decadence
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,340
Loc: attending Snake Church
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Re: Bank runs are worsening in China [Re: Tripsurfer]
#27914961 - 08/23/22 10:27 AM (1 year, 5 months ago) |
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China is going through a tough run economically like everyone else in the world.
But the fundamentals of their advantage has not changed. They have a lot more workers, who work harder, for less money, than anyone in the West.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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Tulipslave
Homo sapiens sapiens, lol

Registered: 07/25/17
Posts: 11,109
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Re: Bank runs are worsening in China [Re: Asante]
#27935921 - 09/05/22 06:44 PM (1 year, 4 months ago) |
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Quote:
Asante said: https://www.investmentwatchblog.com/bank-run-continues-in-china-its-getting-really-bad-now/
imagine ot rose to widespread national levels, it could be a trigger to a worldwide crisis.
The only things keeping this whole globalized shitshow together are unending/limitless credit, faith, and weapons.
Once the credit stops being extended, and the faith declines or disappears, the weaponry really comes out. And the lowest classes will continue to suffer the worst, even if they rise up and attempt to overthrow their rulers, bankers, and obscenely rich.
The continuous natural disasters/weather anomalies of late may be the straw that breaks it all, as it's pushing on the limits of extended credit.
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Tulipslave
Homo sapiens sapiens, lol

Registered: 07/25/17
Posts: 11,109
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Quote:
OutsideOfMyMind said: Money is an illusion. Wealth is an illusion. It doesn't really exist other than just a number on a computer screen. As soon as everyone realizes this then we can all be happy.
Wealth is very real if you value wealth as something other than money.
Land, especially arable land with water, is wealth. Tools are wealth. Materials are wealth. Health and the ability to labor is its own form of wealth. A roof over your head IS wealth. Running water and electricity is wealth, though highly taken for granted.
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Bank runs are worsening in China [Re: Tulipslave]
#27936590 - 09/06/22 03:30 AM (1 year, 4 months ago) |
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Quote:
Tulipslave said:
The only things keeping this whole globalized shitshow together are unending/limitless credit, faith, and weapons.
-credit is going to stop -all sorts of countries abandon the U$D -traditional world powers are losing their footing. -TPTB want this crash for the Great Reset
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