Some Major Problems, What We are Witnessing Is the New World Order Plan Being Implemented, and They Must Bust the Dollar to Bring on the Digital Currency…
China has launched a pilot programme in the northern province of Hebei requiring the public to apply for approval if they plan to make large cash deposits or withdrawals at commercial banks.
The regulation comes after a series of bank runs in the past year at debt-laden small lenders and as an unprecedented pandemic-related economic contraction starts to take a toll.
From July 1, residents in the province will need to provide information about the source of deposits or the purpose of withdrawals for transactions over 100,000 yuan (US$14,162) for individuals, and 500,000 yuan for corporations, the state-backed China Securities Journal reported last week.
Applicants will have to give one day’s notice to the bank to make a withdrawal of this size or larger, and gain the branch’s approval of the registration information, the report said.
The pilot programme will be expanded to Zhejiang province in the east and the city of Shenzhen in Guangdong province from October 1, affecting individual account transactions of more than 300,000 yuan and 200,000 yuan, respectively.
FWIW, I have zero invested in China funds and zero in “emerging market” funds (that tend to have a big Chinese component).
What with the EU headed for a financial crisis now that the UK money has left the budget, Africa in social turmoil and afflicted with Chinese takedowns via debt trap diplomacy, Brazil headed for a Chinese Wuhan Covid virus stumble, and other odd markets having similar issues, IMHO, money is best kept in the Anglosphere for now (and has been for a while). UK, Australia, New Zealand, Canada, USA, and perhaps India (need to balance effects of uncontrolled virus vs companies relocating to India out of China).
Things Are Going to be Tuff – Bank Runs Coming to America…
Banks in most western nations are vulnerable to bail-ins. Pull your money while you can, the IMF is coming after it. When and not if Deutsche Bank goes bust, it will take down the E.U. with it, And the rest of the world will follow.
Deutsche Bank is the most important bank in all of Europe, it has 45 trillion dollars in exposure to derivatives, I mean, what entities can cover 45 trillion Euros. Even if only 10% of that total tranche is terrible, that’s 70% more than the Fed’s balance sheet. We all know the high-risk derivatives aren’t ‘only’ 10% of the total set of dominoes. That half-trillion-dollar ‘bad bank’ thing is legalized Environics. This so-called Deutsche Bank – is the equivalent of 500 megaton bomb, and its timer is accelerating to 0… Boom.
The so-called ‘restructuring’ is only about biding time and calming the financial markets (maybe even lulling the market to sleep). No one wants to look under the hood if they don’t have to, no one did five years ago when the massive problem was already festering and evident. We are in for a rude awakening. The thing with bank-runs is, they usually accelerate before there is a lockout. I’d be surprised if Deutsche Bank has coverage of anything more than 1% of their total exposure. I’ll throw out a number: 200. Yes 200 days before Deutsche Bank runs out of liquidity and the ability to fund its rent on liabilities and closes its doors, maybe another 50 after that before the ECB goes insolvent rehypothecating bonds to bail out Deutsche Bank and needs a bailout in Special Drawing Right (SDR), though not before bond yields hit the moon and hyperinflation in the Eurozone takes hold. Get your money out! It is not earning anything at all, and the risk is mounting. If you do not take it out, the Banks will steal it.
If Deutsche Bank goes down, it will bring down with it BNP of France, and you will have about two weeks before the U.S. banks declare an unscheduled banking holiday. There is an ever-growing threat of a Cyprus style “haircut” in the U.S. a few years ago, Cyprus closed their banks, and when they re-opened accounts below 100,000 Euros were missing 40, and those above 100,000 Euros lost 60%. This is what is called a Bail-In. The European community quickly and quietly passed laws to do the same theft if they deemed it necessary.
The U.S. waited for about two months and quietly passed similar legislation. The European community just changed the rules by abolishing any deposit insurance. It is worse than that because if the bank is insolvent, they can take every dollar in the bank, and if that is not enough, they can come after the depositors for the balance. With fractional reserve banking allowing banks to loan at 30 times the deposits also means if 1/30 of the loans go sour, the bank is barely solvent. If 1/15 of the credits go sour, the bank is insolvent. What makes this worse is the small banks are already at about 40 to 1, and the big banks are pushing 60 to 1. The last I heard the Federal Reserve Bank that prints our money is at 77 to.
Many were hoping that this coronavirus outbreak would begin to subside, but instead, we witnessed an explosion of newly confirmed cases over the weekend. The number of confirmed cases outside of China has doubled over the past five days. If that number continues to increase rapidly, authorities will be talking about a full-blown “global pandemic” in no time. When I watched a victim suddenly collapse and start to twitch on a subway in Hong Kong, I thought about the panic that would set off if that happened in New York.
When I saw a video of Chinese authorities using butterfly nets to capture sick people, it made me wonder what U.S. authorities might do to round up those ill. The level of fear that a full-blown pandemic would cause would transform our society overnight. Even now, Chinese restaurants in Canada are empty due to concerns about catching this virus. But once this virus is being spread in virtually every city in North America, many of us won’t want to go anywhere at all, bringing economic activity to a complete and utter standstill.
Jim Rickards: 1984 Has Come to China — Economic Collapse 2020 4K You’re probably familiar with George Orwell’s classic dystopian novel Nineteen Eighty-Four. It was written in 1948; the title comes from reversing the last two digits in 1948. The story describes a world of three global empires, Oceania, Eurasia, and Eastasia, in a constant state of war. Orwell created an original vocabulary for his book, much of which is common, if sardonic, usage today. Terms such as Thought Police, Big Brother, doublethink, Newspeak, and memory hole all come from Nineteen Eight-Four.
Orwell intended it as a warning about how individual countries might evolve in the aftermath of World War II and the beginning of the Cold War. He was undoubtedly concerned about Stalinism, but his warnings applied to Western democracies also. When the calendar year 1984 came and went, many breathed a sigh of relief that Orwell’s prophecy had not come true. But that sigh of relief was premature. Orwell’s nightmare society is here today in the form of Communist China…
We just witnessed the third-largest single-day point drop in U.S. stock market history, and experts are warning that things will only worsen if this coronavirus pandemic continues to escalate. On Monday, the Dow Jones Industrial Average was down a whopping 1,031 points, and it looks like there could be more volatility on Tuesday. The Nikkei is already down 787 points as I write this article. Of course, this sudden decline is being mostly driven by fear of the coronavirus.
1. The “Great Recession,”
2nd Depression caused the treasury to borrow trillions to loan large banks to increase their reserves because they were insolvent.
The keywords are the banks insolvent, and only the intervention by the U.S. Treasury and Federal Reserve Bank kept the entire banking system from collapsing in 2008, 2009. Obama did this in a way that the taxpayers are on the hook to pay it back. Since 2008, 2009, nothing has changed for the better within the banking system; if anything, it has grown worse as I said before the Europeans no longer have deposit insurance.
The day the U.S. passes legislation to do the same, I suggest you be first at the bank to cash out your account or, better yet, immediately begin to reduce your account to cash in hand slowly and buy precious metals with that money. The banking system is a house of cards held up by the Federal Reserve Bank, who prints money based upon loans they have made to the treasury and big banks. If the big banks go down the Federal Reserve Bank will go down because it will push them way beyond a 100/1 ratio of loans to deposits, and their only solvent loans will be the loans to the U.S. Treasury will soon go broke because all of the deposits of businesses will have been seized and commerce will have stopped.
Why try to save when the deck is stacked, so the workers lose everything and still owe money to pay off the bank’s remaining debt. So dear friend, get your money out of the banking system as fast as you can while you still can. This was The Atlantis Report.
U.S. & Euro economies crumbling
European Central Bank is floating a ridiculous proposal to introduce “negative interest rates.” Rick Sanchez describes the economic horror that will arise. Meanwhile, the Federal Reserve intends to cut interest rates yet again. Rick Sanchez breaks down what this means about the actual state of the economy.
Things are going to be Horrible
In an interview with Money and Markets, legendary investor Jim Rogers launched his latest warning to America: things are going to be Horrible, he said. The longest bull market run in history will be short-lived from here on out.
“Later, this year or next year when the economies around the world are getting worse, Mr. Trump is going to blame everything on the foreigners, the Chinese, the Germans, the Japanese, everybody, and then the trade war will come back and then it’s all over,” Rogers said.
“Mr. Trump is going to come back. Mr. Trump believes in his soul and his brain that trade wars are good and that he can win trade wars,” he said. “Mr. Trump knows that he is smarter than everybody else, so he knows that he can win a trade war and come back strong. When the American economy gets bad eventually, he’s going to blame it on trade and the trade war, and it’s going to be terrible.”
“The way these things have always worked, in 2007, Iceland went bankrupt, and most people had no clue about that and didn’t know or care, and then later though, Ireland went bankrupt. Few more people noticed. A little while later, after that, Bear Stearns went bankrupt. A few more people started noticing. A few weeks later, Northern Rock went bankrupt, and then people started catching on. Eventually, Lehman Bros. went bankrupt, and by then, it was on the evening news all over the world.”
When civilization collapses, he predicts, the world will go back to barter.
Urges everyone to have a disaster-preparedness kit containing enough food, water, and other supplies to last 72 hours. This is sensible advice, and prepares have a point when they mock those who ignore it.
Are you worried about your future? Are you concerned about the many disasters that you face in your everyday life? Worry no more. The Lost Ways come in to solve your woes. Davis Claude created this program, and its significant role is to prepare and teach you how to handle worst-case scenarios using the least independence. This program will motivate you to protect your family and friends during the worst period without the help of modern technology.
Remember, calamities are everywhere: at work, home, school, and many other places. These calamities cause tension and lead to a decrease in productivity. This may finally lead to a reduction in life. Fortunately, the lost ways review will provide solutions to these situations. It will give you the tips for preparing yourself when nothing seems to go as expected.
Generally, most people are optimistic. This makes them unprepared for failure. However, the best thing is to prepare for the worst times. It is important to tell your kids about earthquakes, fire outbreaks, extreme weather conditions, and other calamities. Tell them how to deal with these calamities in case they occur.
Don’t wait, start right now because remember, there are no do-overs in survival. When all the grocery store food is gone, you get to live on what you’ve stockpiled.
The World Is In Big Trouble, for Those That Believe We Will Go Back to Some Sense of Normal Life Here on Earth, You Will Be Sadly Disappointed, Seven and Half Years of Hell on Earth Which Began January 1, 2020
“Our courts oppose the righteous, and justice is nowhere to be found. Truth stumbles in the streets, and honesty has been outlawed” (Isa. 59:14, NLT)…We Turned Our Backs On GOD, Now We Have Been Left To Our Own Devices, Enjoy…
While Mainstream Media Continues to Push a False Narrative, Big Tech Has Keep the Truth From Coming out by Shadow Banning Conservatives, Christians, and Like-Minded People, Those Death Attributed to the Coronavirus Is a Result of Those Mentioned, They Truly Are Evil…
Watchmen does not confuse truth with consensus The Watchmen does not confuse God’s word with the word of those in power…
In police-state fashion, Big Tech took the list of accused (including this site), declared all those named guilty and promptly shadow-banned, de-platformed or de-monetized us all without coming clean about how they engineered the crushing of dissent, Now more than ever big Tech has exposed there hand engaging in devious underhanded tactics to make the sinister look saintly, one of Satan’s greatest weapons happens to be deceit…
The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels. But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions of Americans into poverty and despair.
American health care, as we call it today, and for all its high-tech miracles, has evolved into one of the most atrocious rackets the world has ever seen. By racket, I mean an enterprise organized explicitly to make money dishonestly.
All the official reassurances won’t be worth a bucket of warm spit. The Globals are behind the CoronaVirus, It Is a Man-Made Bioweapon.
For those of you who care, Google and your favorite social media platforms have misled you, and now we all pay a heavy price for trusting the ungodly, Google and company knew exactly what they were doing, removing our history while preparing you to accept the New World Order playbook, Enjoy
The number of Orphans aging out of Child Protective Custody has grown at an alarming rate. The 127 Faith Foundation receives many requests each week to house them at our ranch. Our prayer is that the good people of our country will step up to the challenge and offer financial support for "the least among us." We need your help! StevieRay Hansen, Founder, The 127 Faith Foundation