Chinese Citizens Lose Life Savings

[ABNARTY]

Don't know if this has been covered before. This is important as it points to what could happen almost anywhere. Here is the TLDR:

- banks in Henan province started offering very high rate of return on savings
- the savings was claimed to be used in "risk-free" investments
- the saving was really used in very risky, uninsured investments
- it all goes south, the bank loses it's butt
- customers no longer have access to their savings (it's mostly gone)
- customers protest
- government calls up the military
- all customers are classified as dissidents/malcontents/etc.
- government changes their "health status" from green to red
- they can no longer travel to protest or go to the bank

Now I cannot speak to the "economic death" of China in 28 days. I have no clue. I was simply pointing out how crooked banks and governments can be and how screwed the little guy can be. 

[projectvxn]

This seems to be part of Xi Jing Ping's goal of reorienting the Chinese economy toward a more socialist model. Since taking power Xi Jing Ping has decried the excesses of their hybrid pseudo-capitalist system. While this has helped the Chinese Communist Party create the most pervasive police state in human history, it has also created a well for the trappings of free-market economics. 

They're trying to go back to ensuring that only the state controls the means of production and this means destroying private capital. There have been quite a few corporations, based in the west, that have been incentivized to move their operations out of China as a result, though I'm certain the CCP will create carve-outs for certain industries that benefit their command and control operations as well as their police state, I believe that the days of China-centered supply chains are coming to an end.

[SimeonJ]

China is just a testing ground for the entire world. Physical money will disappear and you will have some amount of digital currency to spend every month.

[BIAD]

It seems the citizens of a particular part of Chyna won't be concerned with what is occurring in their
country for some time... it's lockdownerism again.

Wuhan plunged back into lockdown almost three years after first Covid case with 800k in quarantine amid spike in cases



'China has plunged 800,000 people in Wuhan back into lockdown as the Communist nation continues its brutal "Covid Zero"
policies. Beijing is taking a no-tolerance approach to the virus - enforcing a lockdown in the city after just 20 to 25 new infections
a day this week.

Chinese leader Xi Jinping - who was this week made "Emperor for Life" - is using what has been dubbed as the "world's strictest
lockdown" to control his citizens. Wuhan has now joined 27 other cities under varying levels of lockdown rules - with nearly 210
million people impacted by the restrictions. The city was the site of the world's first Covid outbreak - sounding the alarm to the
World Health Organisation (WHO) on December 31, 2019...

But that is just a coincidence.

'...The outbreak then spiraled into a global pandemic that has so far killed more than 6.5million people and infected 635million.
But while the rest of the world appears to be attempting to move on from Covid, China continues to use brutal policies to stop
the virus. China nationwide recorded just 1,000 new cases nationwide from its population of 1.4billion.
Wuhan has registered 240 cases over the last two weeks.

But that was enough to tip the scales as 800,000 people in one district were ordered to stay home until at least October 30.
Wuhan has also suspended the sale of pork in parts of the city, according to reports on social media.

It was suggested the latest Covid cases could have been linked to the sale of meat.
And this matches with the theory that may have first emerged from Wuhan's now-infamous Huanan Seafood Wholesale Market.
The first cases of the virus were centered on the wet market in downtown Wuhan which was packed with live animals for sale.

It is suggested the virus could have jumped from one species to another before then mutating to infect humans.
Some have cast heavy doubt on this theory, however - instead pointing fingers at the Wuhan Institute of Virology (WIV).
WIV was home to various bat-based coronaviruses, and it's been suggested the infection could have escaped or been carried
out by a sick worker. China has always angrily denied these allegations - and the true origins of the virus remain unknown.

"I don't know what to do. If we can still survive living like this then I suppose that's what we'll do," one Wuhan resident told
Reuters. "When we see these news stories about Covid, we now feel a bit numb. We feel numb to it all.
"We feel more and more numb."

Wuhan was not the only new lockdown in China - with Guangzhou also being sealed up. People were ordered to stay home in
areas that were deemed high risk of Covid resurgence. Guangzhou resident Lily Li, 28, said: "Many of my friends and coworkers
have been under lockdown at home. "The situation is still unstable. Many places are under lockdown. Classes have stopped and
entertainment venues have been suspended too."

And meanwhile, in Xining there have been reports of food shortages and skyrocketing prices.
Other recent Covid outbreaks in China has seen the cities of Datong and Xi'an put under new measures.
Bejing attraction Universal Studios Resort was also shut down due to a single Covid case, and there were viral cases at a factory
in Zhengzhou which makes iPhones.

"Once there's a case somewhere, and then you become a close contact, you've got to be in quarantine," said Beijing resident Wen
Bihan, 26. With a total of 28 cities under some measure of lockdown - this is impacting a region responsible for $3.5trillion, or 25
per cent, of China's GDP. It stokes fears that Xi's ruthless Covid Zero policies could actually be the doom of his nation.
China has recorded a total of 258,000 Covid cases and just over 5,000 deaths - a small number compared to other nations...'

The Sun:

[Ninurta]

My mind wanders, but it always comes back to totalitarian control in China.

The rampant savings loss is no doubt in part down to Xi's desire for absolute control - the less money folks have, the less they are able to do in a money-driven economy. That gives Xi a lot more control over the polulace. The same concept applies to Bidenflation in America, incidentally.

The covid restrictions I also put down as due to control measures - not control of covid, but control of people. I have douts that this current "covid outbreak" is a real thing. I think it is more likely to be a manufactured thing with the objective of control.

When you lock folks down and restrict them to what amounts to house arrest, they have far fewer opportunities for interaction with one another. Sure, they still have their cell phones and internet to interact, but those are closely monitored, so still not really free communication of the sort that face-to-face meetings can promote.

It may just be me and my suspicious mind, but I find it pretty convenient that when a financial crisis sparks public outrage as it has in China, a sudden "resurgence" of covid makes a lockdown, preventing communication and organization, so very much easier to institute for purposes of population suppression.

I think back to how certain individual citizens have their covid warnings on their phones changed from green to red in order to suppress their movements and restrict their activates, and make it easier for the State to find, track, and monitor them, and I have to wonder if this current bout of mass covid restrictions are not just that concept writ large.

just casting a wider net, it appears to me...

.

[ABNARTY]

It seems the citizens of a particular part of Chyna won't be concerned with what is occurring in their
country for some time... it's lockdownerism again.

Wuhan plunged back into lockdown almost three years after first Covid case with 800k in quarantine amid spike in cases



'China has plunged 800,000 people in Wuhan back into lockdown as the Communist nation continues its brutal "Covid Zero"
policies. Beijing is taking a no-tolerance approach to the virus - enforcing a lockdown in the city after just 20 to 25 new infections
a day this week.

Chinese leader Xi Jinping - who was this week made "Emperor for Life" - is using what has been dubbed as the "world's strictest
lockdown" to control his citizens. Wuhan has now joined 27 other cities under varying levels of lockdown rules - with nearly 210
million people impacted by the restrictions. The city was the site of the world's first Covid outbreak - sounding the alarm to the
World Health Organisation (WHO) on December 31, 2019...

But that is just a coincidence.

'...The outbreak then spiraled into a global pandemic that has so far killed more than 6.5million people and infected 635million.
But while the rest of the world appears to be attempting to move on from Covid, China continues to use brutal policies to stop
the virus. China nationwide recorded just 1,000 new cases nationwide from its population of 1.4billion.
Wuhan has registered 240 cases over the last two weeks.

But that was enough to tip the scales as 800,000 people in one district were ordered to stay home until at least October 30.
Wuhan has also suspended the sale of pork in parts of the city, according to reports on social media.

It was suggested the latest Covid cases could have been linked to the sale of meat.
And this matches with the theory that may have first emerged from Wuhan's now-infamous Huanan Seafood Wholesale Market.
The first cases of the virus were centered on the wet market in downtown Wuhan which was packed with live animals for sale.

It is suggested the virus could have jumped from one species to another before then mutating to infect humans.
Some have cast heavy doubt on this theory, however - instead pointing fingers at the Wuhan Institute of Virology (WIV).
WIV was home to various bat-based coronaviruses, and it's been suggested the infection could have escaped or been carried
out by a sick worker. China has always angrily denied these allegations - and the true origins of the virus remain unknown.

"I don't know what to do. If we can still survive living like this then I suppose that's what we'll do," one Wuhan resident told
Reuters. "When we see these news stories about Covid, we now feel a bit numb. We feel numb to it all.
"We feel more and more numb."

Wuhan was not the only new lockdown in China - with Guangzhou also being sealed up. People were ordered to stay home in
areas that were deemed high risk of Covid resurgence. Guangzhou resident Lily Li, 28, said: "Many of my friends and coworkers
have been under lockdown at home. "The situation is still unstable. Many places are under lockdown. Classes have stopped and
entertainment venues have been suspended too."

And meanwhile, in Xining there have been reports of food shortages and skyrocketing prices.
Other recent Covid outbreaks in China has seen the cities of Datong and Xi'an put under new measures.
Bejing attraction Universal Studios Resort was also shut down due to a single Covid case, and there were viral cases at a factory
in Zhengzhou which makes iPhones.

"Once there's a case somewhere, and then you become a close contact, you've got to be in quarantine," said Beijing resident Wen
Bihan, 26. With a total of 28 cities under some measure of lockdown - this is impacting a region responsible for $3.5trillion, or 25
per cent, of China's GDP. It stokes fears that Xi's ruthless Covid Zero policies could actually be the doom of his nation.
China has recorded a total of 258,000 Covid cases and just over 5,000 deaths - a small number compared to other nations...'

The Sun:

Spit on my tin foil hat but I more convinced than ever the Rona is nothing more than a tool for subjugation. It may be a real illness but I do not believe any numbers flying around with regards to deaths, hospitalizations, etc.

And if helps hide a failing economy while squashing dissent, all the better I guess.

[Finspiracy]

Chinese people are sheep.

They could easily overthrow their government because there are so many of them. But they do not seem to bother. Of course they will get screwed. Cruel? yes. Unjustified? yes. The way things simply work? Definitely.