Chinese bank runs?

[1Admin]

https://www.zerohedge.com/markets/chinese-bank-run-turns-violent-after-angry-crowd-storms-bank-china-branch-over-frozen

Anyone hear anything more about this?

[surviort_wwdnet]

How long before it happens here? That's why I'm draining my account in small increments every couple of weeks.

[rockriver]

i've seen some videos where it is recommended to change to a credit union... but i don't understand why

[Patriotic Sheepdog]

rr, it may be that CU have to follow different rules then traditional banks?

[prc-104]

Credit Unions don't really keep money. Oh yes, for local misc stuff but not big stuff.
They funnel your deposit to the FED and it's listed as your account via the CU account.
That's why they're different.
They generally are immune to cash insolvency.

[1Admin]

https://www.zerohedge.com/markets/blain-immediate-threat-inflation

[surviort_wwdnet]

CPI at 9.1% - how much worse does it get?? The only upside is my SSA COLA increase for 2023...

[Patriotic Sheepdog]

http://www.shadowstats.com/

The real inflation from before they "fixed" the numbers...
• I N F L A T I O N - FLASH (July 13): June 2022 Annual headline CPI Inflation jumped to 41-year high of 9.1%, up from 8.6% in May, while the June 2022 Annual ShadowStats Alternate “Corrected” CPI Inflation jumped to a new 75-Year high of 17.3%, from 16.8% in May, on top of resurgent energy prices.

Folks our g o v is cooking every book they release...inflation numbers, unemployment numbers, employment numbers, and all the other "official" numbers. They are lying to the American people on everything. I am sad to admit that I just do not trust our g o v anymore. Both sides of the aisle are involved in this. There is a new agenda they are after and they are going to get it if they are not put out of office by some GOOD LAW ABIDING, GOD FEARING, CONSTITUTIONAL BELIEVING men and women running for office.

[surviort_wwdnet]

http://www.shadowstats.com/

The real inflation from before they "fixed" the numbers...
• I N F L A T I O N - FLASH (July 13): June 2022 Annual headline CPI Inflation jumped to 41-year high of 9.1%, up from 8.6% in May, while the June 2022 Annual ShadowStats Alternate “Corrected” CPI Inflation jumped to a new 75-Year high of 17.3%, from 16.8% in May, on top of resurgent energy prices.

Folks our g o v is cooking every book they release...inflation numbers, unemployment numbers, employment numbers, and all the other "official" numbers. They are lying to the American people on everything. I am sad to admit that I just do not trust our g o v anymore. Both sides of the aisle are involved in this. There is a new agenda they are after and they are going to get it if they are not put out of office by some GOOD LAW ABIDING, GOD FEARING, CONSTITUTIONAL BELIEVING men and women running for office.

Amen!

At least with certain pols, there's no hiding their agenda and they're consistent in the unAmericanism. It's the ones who talk out of both sides of their mouths that are a bigger problem. Candidates who process a conservative agenda and then follow through with it during their tenure are too few and far between.