China Halts Bank Cash Transfers

[Singlebyte]

"Something is very wrong in China at the moment.  Banks’ apparent need to conserve cash, coming just weeks after the last incident, looks ominous."


http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash-transfers-2/

[1714835499]

1714835499

[1714835499]

1714835499

[5thStreetResearch]

hmm interesting read, wonder what is really going on there

[BreathOfZen]

"Something is very wrong in China at the moment.  Banks’ apparent need to conserve cash, coming just weeks after the last incident, looks ominous."


http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash-transfers-2/

This makes me wonder if their upcoming Bitcoin crackdown on the 31st is just a part of a larger currency freeze.

[odolvlobo]

It should be noted that Gordon Chang is not unbiased.

[knightcoin]

I was not too impressed with this article. I'm seem better conspiracy stuff posted in the wall thread.

I bet you did  Goat 

[marcus_of_augustus]

Maybe they are preparing for the Great Reset?

The New New Bretton Woods.

All currencies are locked together, as per SDR and linked to a basket of commodities. Banks closed for 2 weeks to sort out the winners and losers, etc, etc.

China has been telegraphing such a move for over 5 years now.

[Honeypot]

It should be noted that Gordon Chang is not unbiased.

By western standards, he is biased. By world's standards and by reality of the situation, he is not severe enough.

What gordon chang said from 1990s, it has happened one way or another, although in smaller scale and less media attention (media are not the sharpest knives in the drawer when it comes to noticing important movements).

It's all building up.

[Lamalicious]

Devious chinese guys... always doing something that's makes us wonder.

[Sonny]

"Something is very wrong in China at the moment.  Banks’ apparent need to conserve cash, coming just weeks after the last incident, looks ominous."


http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash-transfers-2/

We can’t find the page you requested but please try:
 Forbes Homepage
 Most Popular Posts
 Real-Time News
 Our Sitemap

[Lethn]

I got that to and what is happening in China is that they're cutting off the Americans and other bad credit countries and switching to consuming their own production rather than exporting their produced goods to the Americans like they have traditionally done in exchange for debt, so it's only natural really that you're going to see some movement.

source: I finally saw it being confirmed on CNBC, I think they called it Internal Consumption.

This isn't the exact one but I've seen it all over their channel lately: http://video.cnbc.com/gallery/?video=3000215447 < His economics is bullshit really but he does give you an idea of what's going on in the Chinese economy at the moment.