Silver Report Uncut: "Bank Runs and Bank Failures" 11-28-19
2nd Bank Run In 2 Weeks! A Financial Crisis In China Begins To Spread After Several Banks Fail
Silver Report Uncut: Nov 27, 2019
Yingkou Bank is now the second bank run in 2 weeks where a spontaneous run on deposits took place after fears about the banks solvency began to spread.
The issue is there are untold numbers of identical banks with an identical debt burden so this could spread throughout many small and regional banks.
Economists now fear that very thing this may be the starting point for the next global financial crisis. Are we looking at the beginning of a bank crisis in China home to the worlds largest financial sector. look out below.
Financial Crisis In China, 5 Banks Have Failed The PBOC Warns 586 Banks Are Considered High Risk
Silver Report Uncut: Nov 28, 2019
A financial Crisis is ynfolding in the worlds largest banking sector, The bank failures keep mounting in China.
Today we will focus on the PBOC 2019 Financial Stability Report which revealed 586 banks are now considered 'High Risk' or on the verge of failure.
This is a situation in which the next global financial crisis may kick off in some rural village in China. Seriously the banking sector is the Largest In the world and many of these banks are heavily dependent on deposits so have been forced to offer unearthly high interest rates just to keep depositors parking their money.
The problem is how can an already insolvent bank afford to pay all this high interest to customers.... They can't.
Also we look at the Nation's tallest skyscraper which was under construction has been halted as the developer missed a "significant" payment.
The largest property developer in China actually equally bad news.