China: PLA tanks protecting Banks

By NC ScoutPublished On: July 21, 2022Categories: Uncategorized8 Comments

About the Author: NC Scout

NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .

8 Comments

American Yeoman July 21, 2022 at 07:20

Nothing to see here.
- NC Scout July 21, 2022 at 07:59
  
  Can you not see the video?
  - American Yeoman July 21, 2022 at 08:46
    
    Lol a different sort of “nothing to see here”….I CAN see the video. It’s just that nobody seems to think this is a big deal.
    
    I’ve been noting the Chinese financial issues for a long time- Evergrande, bank protests, Belt and Road money drying up-projects being scaled back or not funded at all, mortgage protest, Capital export controls, Foreign government assistance scaled back, Yuan manipulations, the “firings” (and likely imprisonment) of several top Chinese Business/Financial people, the flight of capital out of China by their upper middle class (Buying American Real Estate) etc…This isn’t anything really new, just the conclusion of things that have been going on for a long time….
    
    I know we have our problems- but never in the history of our nation did we park tanks in front of banks (unless you count the Bonus Army and that wasn’t banks)- Not even during the runs of the Great Depression and several earlier Depressions and panics. That’s not to say they can’t recover and as my friend Gabe Suarez says, “Even the monkey falls out of the tree sometimes” but at this moment, they are in trouble. Which, may make them more dangerous.
    - NC Scout July 21, 2022 at 09:32
      
      Ahhhhh OK….I was making sure nothing was wrong with the embed.
Johnny Paratrooper July 21, 2022 at 11:03

Tanks protecting banks huh?
Nothing says communism like tanks and banks.
- NC Scout July 21, 2022 at 11:39
  
  And here we have commies in the US saying that communism liberates society from such things. :)
ralph k July 21, 2022 at 11:23

Nothing motivates the average Chinese citizen more than messing with their money. Their entire real estate market is awash in non performing loans, a chain of Ponzi schemes with Evergrande at the top. And this entire ‘asset class’ is more than twice the size of any other countries asset mix, making them very susceptible to economic catastrophe, setting the stage for some probable and rather unpleasant consequences served up by the CCP. And notice how they utilize their social credit/cv19 system to declare protestors carriers of the virus and cannot travel to the trouble spots where their money has been stolen. It is like here in one respect, the second you deposit money in the bank, you are relegated to that lowly position of just being another creditor, in a very long line of the unwashed, impoverished, shit out of luck folks. Another reason all the bankrupt nations desire some form of digital monetary system, control to delete your (ass)ets at their whim. Its an Orwellian wet dream.
MTHead July 21, 2022 at 14:37

Well, deep down they’re still communists. And centralized economies never work for very long. But especially communist ones pretending to be market driven.
But not to worry. Won’t be long before American banks are “bailing in”. As the 7th. circuit said. If it ain’t in your hand, it ain’t your money. Meaning all money placed in a bank is considered an “unsecured loan” to the bank on your part.
And if they need tanks they, will be parked outside politician’s homes. Not your local credit union.