Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Hong Kong Activist Leader Calls For a Run on Chinese Banks

August 16, 2019 by mosesman

  • Young and very rash and brash leader. He is making a stupid mistake. Even if for arguments sake all Hong Kongers withdraw their monies from Chinese banks in HK, will these banks collapse? Say US$100B-200B is taken out? I don’t think so. For arguments sake, if the bank runs really happen: HK will collapse. Who will be blamed? Obviously, he and all the opposition protesters. Who will suffer the most? All Hong Kongers except for the ultra rich. So this plan he is proposing is actually good for China. Because when HK collapses, China can obviously blame the opposition and it is entirely true.
    –
  • He is taking an approach of war with China. That is the dumbest approach. HK is part of China. To attack the motherland is a bad idea. Hong Kong’s future is China. The prosperity and economic health of HK is dependent on China. Without China, Hong Kong will collapse. The Chinese have a saying:飲水思源, when you drink water don’t forget its source. Hong Kong need China for its survival. When China retaliates and pulls the economic plug on HK, it is Game Over for HK.
    –
  • The opposite is NOT true. China do not need HK. What does HK (and Taiwan) have that China definitely needs? Money, technology, port, financial system, manufacturing, people, expertise ….? None of it. Can you name me 1 HK company that is a global leader? Lenovo, HuaWei, XiaoMi, Midea, Haier, TCL, SMIC … they are all mainland Chinese. If HK were to be burnt to the ground, there are very few significant consequences to China. If HK protesters insist on using HK as a war zone against China. The conclusion is obvious: China may not win but HK LOSES 100% BIG TIME. Game Over!
    –
  • The only reason China will never allow HK (and Taiwan) to break away is: it will trigger the breakaways of other mainland Chinese cities, provinces … etc. China came about through a “thousand” years of war amongst many competing states. Until finally it became: Three Kingdoms Period. A brutal emperor QinShiHuang conquered and united China. Do you think any Beijing government will allow China to break apart and return to a situation of warring states? Millions will die. A simple understanding of history will lead you to the conclusion: China will never allow HK (and Taiwan) to breakaway for this reason. The central government will allow HK (and Taiwan) to burn to the ground before they consider allowing them to break free.
    –
  • Is the Chinese central government really an unworkable partner for HK? I don’t think so. Who allowed/agreed to let HK having a separate system from China? Who allowed opposition parties, limited voting rights in HK? Who agreed to a 50 years re-unification plan? China was under no legal obligations to agree to any of these. But they agree to it. So, you sure the Chinese cannot be partner in HK’s future. HK is 100% Chinese territory and they can force through China’s system at will. The fact that they are not forcing their will on HK, tells you, you can work with them.
    –
  • Hong Kong Activist Leader Calls For a Run on Chinese Banks
    by Paul Joseph Watson,  15 August, 2019, https://summit.news/
    Chen Haotian asks citizens to withdraw cash deposits to target Chinese banks.

    Prominent Hong Kong pro-independence political activist Chen Haotian has called for a run on Chinese banks, asking that everyone withdraw their money on the same day.
    –

    Haotian is a founding member and the convenor of the Hong Kong National Party. Arguing that large scale protests have only led to injuries and escalating police brutality, Haotian believes another method could be used to severely undermine China’s influence – a good old fashioned run on the bank. He suggested that another method could be used, namely, impacting the financial system,” reports China Press.
    –
    “He called on Friday (August 16) that Hong Kong citizens take out all bank deposits. The primary goal is Chinese banks, but he said other banks should also be targeted, otherwise Chinese banks can borrow money from other banks to solve problems.”
    –
    Hong Kong has been rocked by weeks of violent protests by pro-independence campaigners. Earlier this week, riot police stormed Hong Kong International Airport to clear them out.
    –
    As we reported on Tuesday, while China is unlikely to invade using PLA troops, experts have suggested that soldiers could be disguised as Hong Kong police.

end

Post navigation

Previous Post:

Russia, China Working with Iran on Gulf Security – Former Pentagon Official

Next Post:

US Yield Curve Goes Even More Inverted With Massive Flight Capital Coming Into the US?

Pages

  • About

Recent Posts

  • BOMBSHELL: Government Is Tracking You Through Vaccines!
  • NATO Boots on the Ground in Ukraine?
  • WARNING: Bank Runs Are Coming & World War 3 w/ Gerald Celente
  • John Coleman || CIA Agent’s 1992 Confession Unearthed: ‘WEF Will Kill 4 Billion by 2030’
  • Escobar: Ukraine War Is Desperate Move By US To Preserve Hegemony, & Prevent Multipolar World
  • Physical Silver & Gold Market Is Taking Control | Peter Grandich
  • At Least 1 Billion Dead or Disabled from CV19 Bioweapon – Dr. Betsy Eads
  • Escalation to World War III And The British Establishment
  • John Mearsheimer | THE US CREATES CONFLICT FOR THE WORLD
  • ‘There Will Be Planes’ – Ukraine Says Western Jets Already a Done Deal
  • Breaking: Vacx-COx_VID Prosecutions To Begin In Switzerland & Possibly Thailand
  • Putin Issues Warning to West at Stalingrad Event || “We Are Once Again Threatened with German Leopard Tanks”
  • Former UK Defense Minister: Send NATO Troops to Ukraine to Fight Russians
  • NATO Issues RED ALERT! What Putin And China Are Doing Will Change EVERYTHING | Redacted News
  • Boris Johnson Bombshell Clip. The Public Believed … Putin!
  • Israel/US Joint Military Exercise Sends Strong Warning to Iran 02/03/2023
  • If Russia Defeats NATO, The World Will ABANDON The Dollar
  • GOLD: The IMF Bombshell & What You Need To Know About It || Gold as International Reserves: A Barbarous Relic No More?
  • WW3 Expands to ME With Israeli Attack on Iranian Factory Supplying Weapons to Russia
  • Indian Refineries Ditch US Dollar to Buy Russian Oil Amid Ukraine Sanctions – Report

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
August 2019
M T W T F S S
« Jul   Sep »
 1234
567891011
12131415161718
19202122232425
262728293031  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes