China Halts Bank Cash Transfer

[bryant.coleman]

The whole baking system is proving again and again that it is unreliable. At present, I am keeping less than 2% of my assets in bank accounts. Any amount more than that is suicidal.

[TheButterZone]

The whole baking system is proving again and again that it is unreliable. At present, I am keeping less than 2% of my assets in bank accounts. Any amount more than that is suicidal.

It's gone to the dogs...

[Kaligulax]

Growing up it used to be common to hear the refrain that when the USA sneezes, Canada catches a cold. This aphorism was meant to highlight Canada's heavy dependence on the USA back in the 70s and 80s.

I am not in finance and don't appreciate nor understand the full implications or consequences of China's PBOC behaviour citing nationwide system shutdowns, but I feel that we could s/USA/China and then s/Canada/USA to get the same gist and sense of uneasiness.