People are reportedly lining up for hours in China to obtain money from their bank accounts in China. The large cities of Henan, Shanghai, and Dandong are three cities where the lines are long. After years of COVID mandates and a government that the average Chinese down deep doesn’t trust, the people of China are scared that they will not be able to retrieve their life savings. In some cities, people.......The people of China don't trust their banks......Look at their economy. It’s not strong. The real estate market is crashing. Buildings are sitting empty and there is no money to pay for them. Evergrande was one casualty of this disaster....... To Read More....
My Take - I've been saying China's economy is a false economy, and all this money they're loaning to these third world countries is money they don't have. All this money they're spending on their military buildup and space exploration is money they don't have.
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