Chinese authorities violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their life savings back from banks that have run into a deepening cash crisis. CNN's Steven Jiang reports. #CNN #News
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When police protect banks and not the ppl we are screwed
This isn’t about protecting the banks, it’s about maintaining power and control for the CCP.
@Mia M Don’t feed that thing.
@B pang Can you back your claim with evidence or did you just make that up?
Looks like a run on Chinese banks coming soon. Imagine wanting to access your own hard earned money and getting beaten up for it.
@A R FDIC is supposed to prevent it happening again.
@Anthony It isn’t happening now. But it did happen in the past, during the Great Depression. FDR declared a bank holiday, and prevented people taking their money from the bank. Banks still demanded mortgages be paid, and took money in. They just wouldn’t pay out.
@llamaArdiente 你的存款没有消失。
Authorities should learn to understand people’s sufferings before situation becomes uncontrollable
They simply don’t care, it’s all about power and money. They don’t care about the people or the planet, we will need to teach them.
@Amazingkaddycaps You think those are comparable?
@Patria y vida! you clearly don’t know anything about China.
@Roshai Moore oh ya
Imagine going to your bank and being told your account is frozen because we Said it is. . . must be horrible
@jinwen zhou not at all. The run on the banks that happened before the Great Depression didn’t lead to police beatings.
@outsider looking in you only say that because you don’t know what is really going on other than what the media shows you. Look up Tony Timpa.
@outsider looking in we all live in a world where we all have the same economic theories therefore the effects are the same worldwide.
the difference is there is democracy in America, doesn’t have to be 100%
but in China there is no freedom, some may argue that China has freedom just like what the government is claiming but the truth is they only have about 20% freedom.
there is a shortage of cash (liquidity issue) in the banks because the government refuses to print more money in preparation for the DCEP digital yuan .
the Chinese government is going to force everyone to use the digital yuan very soon .
@iTalk uListen this is why I only have half a million dollars deposited in the bank.
which is only about 1% of my total assets.
so I am not really worried.
there is a shortage of cash (liquidity issue) in the banks because the government refuses to print more money in preparation for the DCEP digital yuan .
the Chinese government is going to force everyone to use the digital yuan very soon .
“upgrading our internal systems” = moving your money abroad so we can play with it and oops we lost it
lost it from foreign loaners who doesn’t pay
@Baby Teano Troll
@Bob James ok Bob lol
According to the CCP: This never happened
Sooooooo true.
this should be the top comment
Praying for the safety of these Chinese protesters.
Banks today can’t be trusted.
@李钧 Note “will happen” refers to the future. “Paid” refers to a past action.
@Marie Catherine Laveau You’re welcome, although the government has issued this notice, it is still unknown whether the taxpayer’s money will be used to compensate depositors, and whether the money that has fled abroad will be recovered.
@Mak Lame idk, i can say Winnie the Pooh so im not 50 cent? how can i prove something i’m not?
Very brave people who protest in China, hope they don’t get too badly hurt or dead.
Usually in China if you go against the government you go missing.
@USPS true but with live stream now days it puts a twist on there Monopoly.
Imagine getting beat for withdrawing your rightly hard earned money 💰
1 marco andreozzi Fuk what you saying it here 😠 https://www.youtube.com/watch?v=8zrfSK6pnpQ
Felicidades, es un buen ejemplo. 😠
5:25 Se deja ver que hay muy buenos resultados 😠😠
Saludos desde la Cd.. de world 🌹😉💖
los mortales abian apreciado tan hermosa mujer
It’s called a bank holiday here.
watching security officers beat down a fellow citizen reminds me of something happening in another country on the other side of the world. 🤔
1 D.L. Sosnik Fuk what you saying it here 😠 https://www.youtube.com/watch?v=8zrfSK6pnpQ
Felicidades, es un buen ejemplo. 😠
5:25 Se deja ver que hay muy buenos resultados 😠😠
Saludos desde la Cd.. de world 🌹😉💖
los mortales abian apreciado tan hermosa mujer
I had the same thought.
This is not the same thing.
The citizens weren’t in the wrong for this peaceful protest. Imagine how you’d feel if your banks had made it unable for you to take out the money that you’d spent so much time and effort to earn. The law enforcement didn’t see that though, and they used violence to quell the citizens instead of talking and trying to understand their point of view.
@GreatWhiteBuckwheat 为什么要羡慕。 😎
@大陆表哥喜欢台湾表妹 因為你沒有華爾街。
I hope the Chinese people don’t let down and continue standing up for their rights.
@Travel Crawl 哈哈哈哈哈照你这话，我也特别喜欢看美国每天上演的枪击事件。
China is really starting to see an uptick of resistance
In India so many cooperative banks went bankrupt but customers silently protested and never got what they had invested
1 BMMR Fuk what you saying it here 😠 https://www.youtube.com/watch?v=8zrfSK6pnpQ
Felicidades, es un buen ejemplo. 😠
5:25 Se deja ver que hay muy buenos resultados 😠😠
Saludos desde la Cd.. de world 🌹😉💖
los mortales abian apreciado tan hermosa mujer
Oooo
0:50 “… The provincial authority… tampering with their health QR codes, which is such a basic necessity”…
Funny how such a dystopian statement is just stated out casually and no one blinks an eye.
1 PristinePerceptions Fuk what you saying it here 😠 https://www.youtube.com/watch?v=8zrfSK6pnpQ
Felicidades, es un buen ejemplo. 😠
5:25 Se deja ver que hay muy buenos resultados 😠😠
Saludos desde la Cd.. de world 🌹😉💖
los mortales abian apreciado tan hermosa mujer
This is outrageous! Freezing their money, and then attacking them! Disgusting.
@Daxue Zhuge Is that right? Well, good, and how do you know this?
And if injured, pay medical fee yourself, but their money is in that bank…..
@Vivienne B since you do not know this you need to go educate yourself.
there is a shortage of cash (liquidity issue) in the banks because the government refuses to print more money in preparation for the DCEP digital yuan .
the Chinese government is going to force everyone to use the digital yuan very soon .
Sadly, China has always been in a place to become literally the strongest country in the world for thousands of years. But whenever they get close to that point, stuff like this happens. Yellow Turban Rebellion, The Mongel invasion, which they could have won, but the rich needed golden palaces. Moa running orr to his MT fortress when Japan invaded, then after the war killing possibly 50 million ppl to secure power. This isnt anything new, and im glad the ppl r protesting. Hope something good comes from this.
Time to storm Xi’s palace.
for thousands of years? give me some of what you are smoking.
@Moon Whisperer
This is what google will yell at you.
With more than 4,000 years of recorded history, China is one of the few existing countries that also flourished economically and culturally in the earliest stages of world civilization.
It’s full of disease and always will be.
Thanks so so much to the chines people standing up against their goverment!!
1 Daniel Schmutz Fuk what you saying it here 😠 https://www.youtube.com/watch?v=8zrfSK6pnpQ
Felicidades, es un buen ejemplo. 😠
5:25 Se deja ver que hay muy buenos resultados 😠😠
Saludos desde la Cd.. de world 🌹😉💖
los mortales abian apreciado tan hermosa mujer
How can a human beat another human just for wanting to feed themselves and their family?Truely sickening to see how these protesters are being treated.
1 NoStoppingit7 Fuk what you saying it here 😠 https://www.youtube.com/watch?v=8zrfSK6pnpQ
Felicidades, es un buen ejemplo. 😠
5:25 Se deja ver que hay muy buenos resultados 😠😠
Saludos desde la Cd.. de world 🌹😉💖
los mortales abian apreciado tan hermosa mujer
Nah, it’s beautiful. Rage, rage into the dying light. We humans should express more anger so that politicians think twice about their corrupt actions and misdeeds. For example, the Sri Lanka situation.
So it’s not about the government, it’s about the people who is following the orders.
Imagine living in a country where they keep you from getting your money. And to add insult to injury, you have the same haircut as everyone else. 🤣
1 Wargasm54 Fuk what you saying it here 😠 https://www.youtube.com/watch?v=8zrfSK6pnpQ
Felicidades, es un buen ejemplo. 😠
5:25 Se deja ver que hay muy buenos resultados 😠😠
Saludos desde la Cd.. de world 🌹😉💖
los mortales abian apreciado tan hermosa mujer