Waiting in Line for Hours to Withdraw Funds Bank Runs Increase in China as Bank-Issued Digital Currency Use Expands
(by Brian Shilhavy | Health Impact News) – China continues to lead the world in implementing the Globalists’ Great Reset, as financial systems around the world begin to collapse. Watching what is happening in China, if you can find the heavily-censored news, will give a preview of how things are likely to unfold in other countries.
Bank failures now seem to be accelerating in China, as panic begins to set in among the public, and it is being reported that in some areas people are standing in line for many hours trying to withdraw funds from their accounts.
The run on banks is apparently a reaction to the story we covered last week where over 1 million residents in China’s Henan Province were prevented from withdrawing their money from their bank, with many losing their entire life savings. As protesters were heading to Henan province’s capital Zhengzhou to demand to get their money back, Chinese health authorities used their COVID-19 tracking app to turn up “red,” forcing them into quarantine, in order to stop the protests. See:
Chinese Protesters Demanding Bank Funds Returned Reportedly Stopped by Health Code Apps Turning Red
Emma Wilson from The BL reports how bank runs have now spread to other locations.
Struggling since 2 am: Long lines in front of banks in Henan, Shanghai, and Dandong
Recently, freezing depositors’ accounts by four rural banks in Henan has become a hot topic on social media. As a result, customers of these banks could not withdraw their money which led them to move to Zhengzhou, Henan to claim their rights. Following Henan, banks in Shanghai and Dandong (Liaoning) also witnessed a long traffic jam in front of their headquarters.
Youtube channel Zai Ye Shuo posted a video stating that on June 17, many people lined up outside Dandong bank waiting to withdraw their money. The channel wrote, “Done! Bank can’t withdraw money! There was a run on a bank in Dandong, Liaoning, and a thunderstorm on the banks of Henan village caused panic.”
In the video, a long line of depositors can be seen outside Dandong bank, hoping to be able to withdraw their money.
Another video shows the traffic jam at Dandong Bank, Liaoning, on June 16.
Vision times quoted a witness as saying: “When I went to the Rural Commercial Bank, the rural merchants had no money, when I went to Dandong Bank, there were many people, I don’t know in the end whether they got the money or not.
Seeing so many people waiting to withdraw money, a man at the scene said: “It’s been like this these days, it’s like that every day.”
The incident that many depositors in Dandong City, Liaoning Province, could not withdraw their deposits sparked a wave of comments:
“Banking tricks, they purposely tell you to take out so they don’t have to pay interest.”
“Many banks in mainland China are about to collapse! They are closed.”
“The people’s sweat, tears, and riots, heaven will not forgive them.”
“Will future recipients be charged with plotting to overthrow the country?”
“It hurts to see such a great and weak country.”
“People with money in the bank should give it as soon as possible to buy valuables to preserve their value. The bank storm will have a chain reaction. Dandong is just the beginning.. . Let’s see!”
“Hell on earth, really pitiful”
“The party said to the commonwealth. Your money is the party’s money. The party’s money won’t be yours, how can the leeks be under the illusion that they still have their own money?”
“Give green code to savers, red code to withdrawers … Done.”
“Poor! I still haven’t received my money!”
Netizens Tweeted a video on June 17 stating that Shanghai Bank has a limit of 300 trading accounts per day, and many people are queuing in front of the bank.
A netizen who shared an image on June 15 showed that many older adults in Shanghai also had to queue to receive their pensions. However, many did not receive them because the bank only issued 100 serial numbers daily.
Another netizen shared a picture of an old man at 7:30 a.m. on June 15. The older man was standing in front of a bank in Shanghai and talking to himself. It was the seventh time the old man came to receive his pension after the pandemic. The older man ranked 117 and had to wait until the afternoon. He had fully prepared bread and water for himself. This is the current situation of the elderly in Shanghai.
Another video shows retirees lining up in front of the Shanghai Bank.
Sina Finance said that many people began to line up before 2 a.m. However, until 5 a.m., they still have not received the number to withdraw money. (Full article.)