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Friday, June 10, 2022

China Is Literally Having An Olde Fashioned Run On The Bank And Nobody Cares

 https://www.reddit.com/r/wallstreetbets/comments/v8y3z4/china_is_literally_having_an_olde_fashioned_run/

Quick rundown:

-Way over levered corrupt housing developers literally imploding the property market

-Massive currency devaluation

-Complete 2020 style shutdown of the economy

Now, people are reporting the inability to withdraw cash from banks triggering a run. All the while lockdowns are being reported and shit is going bananas.

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