Bank Runs Spreading Rapidly As Bankruptcy & Bad Loans Abound In The Worlds Largest Banking Sector?

• Silver Report Uncut
  The Bank runs are spreading rapidly after fears rise of failing financial institutions. It’s no secret that China’s banking sector has already been a massive House of Cards. not only is it world’s largest financial sector but it’s also the world’s largest collection of non-performing debt. in 2019 there Central Bank performed a stress test and they found more than half of the banks would fail if the nation’s GDP were to fall down to 4.19% GDP growth in the first quarter alone China was around negative 6.8%. so the official policy stance is whenever a bank run begins in China they are to refer to it and its causes as a rumor so clearly there’s been a lot of rumors spreading recently. pretty much the only response they have is just to go and to arrest anyone who speaks about Bank runs beginning or any weakness in their financial sector. now we were warning about their banking sector long before this crisis came along and the thing is similar to the banks in the US loans are going bad at a record pace we also seen there has been a massive surge in bankruptcies. now the bank in question is a bank of Huludao and the bank run took place on August 3rd there’s been 13 people that have been interrogated and so far two people have been brought into custody by security officials. There was also the bank of Gansu in April and the number of other small rural lenders that have been showing so much weakness at their customers they’ve been fleeing with their deposits. another thing is China’s banking sector is so large because of the amount of depositors a lot of their banking isn’t like the United States they’re very dependent on people keeping their money in the banks any sign of stress and people get nervous and begin to go and take their money out of the bank and that’s what we’re seeing happening at numerous institutions Across the Nation. you know the interesting point is it these are not Rumours their banking sector is in serious trouble and it kind of reminds me of that saying if a tree falls in the woods and no one is around to hear the sound does it make a noise I think the answer is yes.

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