Bank withdrawals require notifying the police first. Chinese banks face a crisis with bankruptcy...

#chinainsights
On June 11, a netizen posted a video on social media claiming that his mother brought her bank card, ID card, and other documents to the Jilin Bank in Changchun City to withdraw money, only to be told that she needed to report to the police first. The incident quickly went viral online...
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[@nikumimito3164]

Clerk: Why do you want to withdraw money sir? Me: Because I can, I put it in so give me my damn money.

[@edgein7892]

Computer says NO 😁

[@JK-sf3vg]

@@edgein7892 ccp says no

[@reuben3077]

It’s not their money 😂it’s the CCP’s money 😂😂😂😂

[@redemissarium]

should just keep it at home, make a secret cabinet or something

[@akmalhafiz8763]

​@@redemissarium Not working, some people will be coming soon.

[@RemusKingOfRome]

@@redemissarium you mean, under / in the mattress ? like in the 1930s in the west . Trust is a scam waiting to happen. ju

[@alapaticornell4391]

😢CCP money. ha.ha..ha And CCP Covid--19 made in 🇨🇳. Blessings to 🇹🇼, 🇺🇦 & 🇭🇰.❤❤. 💘 from the USA 🇺🇸. Land of the free & home of the Brave 🇺🇸

[@RemusKingOfRome]

YT doing CCP bidding by deleting posts.

[@moc5541]

They are refraining from allowing withdrawals because they have already lost the money. That is, the deposits are borrowings by the bank, from depositors, that the bank invests... such as in rotten-tail buildings and the like, where the investment takes the form of a loan to the developer. Or they lend money to home buyers. When such investments go sour, when the borrowers can't pay, that means that the depositors' money has been lost.

[@TienNguyen-dg4xi]

You are probably correct. While there likely is a legitimate case for the proposed reason for preventing fraud (China is infamous for scams and counterfeits, after all), there is also a high probability, given the current economic recession in China, that the banks have lost significant amounts of the money in the real estate crash. How bank deposits work, in extremely simple terms, is that you, the depositer, are essentially loaning your money to them. The banks use the money that you loan them for various things, and then they pay you back your money when requested with interest depending on how long you lent the money to them. The reason that the Chinese banks are in trouble is because they’ve lost the money to corruption and bad real estate investments, so now they potentially can’t pay back all of the people if they all demand their money back. Hence, they have to stall.

[@Baronight]

Usually when foreclosure happened, Bank are happily seize the property and sell it at lower price (since they already earn plenty from the interest and down payment from home buyers). Problem is, there are way too many foreclosure and properties price tank so much, that having so many asset in a form of housing is risky and detrimental to the bank. Now suddenly they have no money left and shit ton of houses they have became real estate broker.

[@tenglim4406]

Simply put, bad debts.

[@wplains]

And many banks closed down when their managers/owners took the money and ran outside the country.

[@dontcare7086]

This is global. It is called fractional banking. Banks are only required to keep 10% of deposits on hand and they can loan the rest. If you have $100,000 in our western banks you really only have$10,000. The bank has loaned out $90,000 of your money to someone else. Our money only exists on faith. We can collapse any economy in the west no matter how strong it is if we all start pulling our money. So in a bad economy you can see why China isn't allowing anyone to take out their money. Going off the gold standard doomed the world.

[@charzemc]

Banks are service providers, they should do their job & stop being dictators.

[@Viirrvill]

Banks in china operate just as CCP wants them to. which is to say, pull all the money out of the citizens and deliver it to higher ups

[@Mr.TrUnrBrigs-oo4yz]

Except a dictator is breathing down their neck, so it's the customer or the bank.

[@kateryan9988]

Great news. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.

[@kalutah]

#1. Dont buy from Temu, Shein, wish, etc.

[@acheable]

Not wise as most foreign companies make more profits from setting up their manufacturing bases in China and selling their products globally.

[@daveincv]

if My US Bank ask me what i was doing with my money,,yeah goodbye bank

[@alexaber9786]

Wells Fargo has this policy. I tried to move $160k from a CD that had matured into a liquid brokerage deposit and they wanted to know all sorts of information.

[@_PatrickO]

@@alexaber9786 Banks in the US have to file an IRS form for any transfer $10k or above. It is not a big deal and does not involve police. The disclosure doesn't mean anyone is taking your money. It is a paper trail in case you are involved in a criminal investigation. In the US, if a bank steals your money, it is usually the executives robbing the bank like the collapse of Silicon Valley Bank. US banks are safe as long as we regulate them. Silicon Valley Bank's collapsed was enabled by the removal of smaller bank banking regulations under trump. Vote against stupid people like that if you want your US bank to stay safe. FDIC insurance only works as long as bank collapses stay low so good regulations are key. I moved more than $160k from a checking account to a newly opened account at a completely different bank, it took a click of a button. Super easy. I did not have to disclose anything about the money to anyone. No one asked anything. If wells fargo has a silly policy to harass depositors, choose a different bank.

[@Mehwhatevr]

⁠@@alexaber9786yeah. There are legal procedures around withdrawing and depositing large sums of money to prevent fraud and tax evasion. There’s a movement pushing for tellers to ask more questions, especially for older people, to try and help them from getting scammed

[@jimk8520]

All banks in the USA are required to report transactions of more than 10k in cash.

[@songhan1586]

They try in canada, I just tell them none of your fuking business, sane for airlines asking me what I'm going to do traveling to x place, like that's really none of your fing business

[@bayhunter6]

To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game. Risk comes from not knowing what you are doing.

[@AudricEnriquez]

Successful investment starts with clear goals and risk assessment, often best done with a financial advisor's help

[@gusforrester]

James Clark's market insights have consistently led to profitable decisions.

[@isttaattat]

I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?

[@gmachlin]

Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.

[@WinniAltieri]

From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@SamiKotiranta]

Everyday I thank the universe i wasn't born in China 🙏🙏🙏

[@sora3]

Just making this easy to anyone who doesn't understand what is going on. Any cash transactions in any Western country over a certain amount would be suspect and can potentially be used for money laundering or proceeds of crime. After all, the easiest way to pay criminals is through cash. You pay with cash in your cafe, your Uniqlo, your KFC etc. It's gone and no one can track it. However, with China, it seems that they do not have enough money to allow people to get their money. Hence the restrictions that they're using. The need to go to police, the constant questioning, the forced movement to digital money. With no money going in due to the public not paying their mortgages along with a shit economy where people are paid pittance, you can see why the banks are freaking out in China.

[@codelessunlimited7701]

Criminals doesn't use cash, only brokeass criminals in your local towns, they use the big banks for easy transactions globally. The HollyWeird make us believe criminals used cash for their dirty works.

[@netizencapet]

If you listened carefully, you'd hear that deposits are GROWING, which should help with servicing extant bank debts, esp. when they cut depositors' interest. The burden, as you mentioned, of failed loans, however, is too great for the increased deposits to make a dent. This kind of thing has happened in many countries. PRC is super afraid of bailouts & demand stimulus when it seems like they should do both mightily and fast. Some reasons might be that they're afraid of exports getting even cheaper as a result, afraid of pensioners being hurt by modest inflation even though it would help all working ppl or ppl who want to work, afraid that cost of imports will rise. This is why it is vital that China placate the US geopolitically - simply by laying real low in S China Sea & on Taiwan - so they can strike a new deal where US stops labeling them as a dumper & helps them stabilize a higher exchange rate while China does its necessary DEMAND-side stimulus and massive bailouts.

[@daveg-Vancouver_Island]

Well yeah but we can still take out as much as we need from our own accounts, whether it’s a bank draft or whatever tf they are, which is pretty much as good as cash! At least in Canada, the bank will ask you what it’s for and if it sounds shady they will try n help you as there’s lots of fraud like the my nephew needs bail money etc. especially with older ppl! My mom just bought a house like that for just over 700k and used a bank draft, better than cash actually, you don’t have to count it.. lol

[@MeiinUK]

@@daveg-Vancouver_Island : Every single person in other countries would have mortgages even if you have actual money in the actual bank. Only China and chinese people often wants to pay entire house off asap !!! This is stupid. And it is crazy !.... Even in Germany, people still pay for 100 years, ad they still let that carry over as well into their second or their third generation ? Why is China so arrogant and want to do things in MONTHS !!!!!!!!........ This is NOT on !!!!.... Everybody across Europe has seen things destroyed, and rebuild and destroyed over and over and over again. Don't force other countries to carry your issues, mainland !!!.... They are making our lives hell....

[@MeiinUK]

All they need to do is to ring fence things. You don't need to do things this way at all. Just ring fence it. And recirculate round your own actual city. Knock it down, and revise it again. Knock it down and revise it again... !!! It is just mah jong ! Not rocket science.

[@charliepearce8767]

Australian banks have to report to the Gov any withdrawal over $10,000. Most banks want 24 hrs notice to prepare the cash. Some banks now question what you want this money for.

[@binaway]

In addition to the =>$10,000 they must report any transaction that looks suspicious.

[@neuterspadeyourpets.6201]

In America anything over $ 9.000.00 dollars is flagged for TAX Purposes

[@knguyen4435]

​@neuterspadeyourpets.6201 Not correct. Cash limit withdraw per day is $10k. If more than 10k, the bank will report to the federal government.

[@owenb8636]

Because of fraud. It's a real problem. My mum sent money to a scammer thinking it was me. Someone asking what it was for would've prevented that since it was a ridiculous reason (damaged phone needing $2000 for repair) but since it was below the threshold no one would. I lived overseas so I didn't hear about it until it was too late

[@rrestrictedcontentvideogam1060]

thats different than the police

[@TienNguyen-dg4xi]

100,000 yuan is about $13,758.38 USD.

[@yettiman8941]

That’s not much money.

[@Gungarr]

​@@yettiman8941 Thats a lot of money in China.

[@sensei5147]

😂😂😂😂😂MADE IN CHINA

[@edwardsonpunzalan9253]

Simple, dont deposit your money in the bank anymore if you are have difficulty of withdrawal. So these banks will close and bankrupt.

[@neilyarger3414]

They are moving worldwide to purely digital, most employers pay via direct deposit.

[@RostovII]

"Why are all these people wanting to withdraw the money?" - Xi Jinping. Probably.

[@socialmedia5534]

Would China bank collapse affect the entire world?

[@Mexican00b]

yes, sadly yes

[@jamstagerable]

Is water wet...

[@socialmedia5534]

@@jamstagerable they're not the world reserve currency....why I asked. China is more dependent on the US than we are to them

[@blackbelt2000]

@@socialmedia5534 A chyna bank (financial system) collapse would mean a chynese economy collapse. That would affect the world.

[@MeiinUK]

The 2008 was about this... cos the PRC joined the WTO. And they wanted to join is because their banks already had been and gone bankrupt. So... they wanted foreign money. As a form of FDI... but this is not working either... Cos some people say that they need to create stock markets... But then they didn't even follow the rules inside the mainland either, by doing the same? So then they use the stock market and short them. lol.. Without using those companies... So... They don't have a fluid market, with different types.. and keeping ratios to be low, is fine. They wanted an actual 1 to 1 ratios as well ? Whereas we don't have that here in the UK. Every supplier is paid...

[@Jimmysim-rq9vl]

is china doesnt have atm machine??? if it so hard to withdraw at the teller just go to the machine or try transaction with debit card? im sorry if i sound ignorant but in my country things like this is unlikely to happen im just kinda confused

[@TheLazyfoo]

landlord ask why you didnt pay this months rent... renter replies with ask the police why I cant withdraw money

[@Viirrvill]

landlord kicks you out and gets said police after you. that is the china's way.

[@Jaredbuncher]

These idiots don’t understand how fraud or forced scam work, this law is everywhere. In the United States if you withdraw more than a certain amount in one day the bank has to report you to the FBI automatically, in case of fraud or kidnapping ransom payments.

[@controllerplayer1720]

0:58 YUAN You're Undeniably Absolutely Nuisance

[@maksimperepelitza6289]

И в чём проблема ? При сняти более 20000 могут возникнуть сложности ? Ну так снимай 19999 😂

[@noniboo1521]

One has to be crazy to deposit any money in any bank in China. People need to have all cash at home just in case of an emergency. Once these banks close, all your money will be gone.

[@Viirrvill]

problem is, the government could flood your house with waste water in any given moment, or just cause your house to either be set on fire or collapse it. or they could do this all and barricade you in. there is no logic in ccp's actions anymore. and don't even try to think about paying for anything in china with cash anymore, that is suspicious activity and ends with you having to "donate" to the ccp.

[@breakwhiskey2863]

Xi Jinping the leader. People suffer😂😂😂😂😂

[@cheninblanc8208]

are these bank withdrawals by check or by cash ?

[@mattanderson6672]

Rise up People of China

[@johnfrancisco1851]

Blame xinie the pooh

[@LinKongDa]

Truth be told. OLD people get scammed very often nowadays. it is better for someone from the family accompany them to withdraw money. Otherwise, most people assume they are being scammed. Scammers need to stopped!

[@pandaDotDragon]

it looks like someone tries to cool down the economy ... and avoid a bank run.

[@bruceblunderfield5431]

Imagine if 500 million people in China withdrew one thousand yaun each day? That is the real problem! 😊

[@jaimeortega4940]

Banks all over the world are pulling schemes like these when it comes to withdrawal. Do these Chinese people have to "have a cop review their 100,000 deposit?" Not likely.

[@MrEvans1]

Its not true😂

[@DummyDumDumb]

There might be schemes that plays with the supply of the physical money in banks but It is rare for an ENTIRE country to screw up so much that reviews and methods to delay for withdrawal is implemented nation wide, Not even a third world country that I'am currently staying in have this problem in their entire history.

[@MrEvans1]

You just call the bank 24 hours in advance, thats it, in 90% of the world. Yes the government will investigate you but you wont even notice... if its nothing illegal going on of course.

[@tenglim4406]

It's not entirely true, unless you are withdrawal a sum of say, 50,000 dollars to a new address, and/or payee itself. Even so, it'll only be reviewed by the bank staffs first, then require the other stakeholders, such as the Police, assistance if required.

[@porkyvonchop6458]

It's announcing to the robbers that you will be withdrawing money from the bank 😆

[@mathewphoria7228]

ccp: "BUY A HOUSE RIGHT NOW!" banks in china: "YOU CANT HAVE ANY OF YOUR MONEY!" i wonder how any of that is ever going to work.

[@JK-sf3vg]

chives

[@hungo7720]

Even if that is your money, the irony is you can not dictate where it is going and withdrawals are only limited to measly amounts. How can the Chinese endure such absurdity? Isn't that collusion with the CCP contemptuous and despicable?

[@AG-en5y]

I can't imagine being a lawyer who fighting for the people against the CCP. That's a brave woman

[@ZombieCSSTutorials]

If they cannot withdraw it normally you would need to flip it into assets, but as these videos have demonstrated, there are very few viable storage of wealth your average Chinese can get. The housing market has rotten tail buildings, the gold is fake (and even if it isn't fake, the prices seem to be 1:1 to the U.S. prices of gold, making it not viable for the average Chinese to buy). I would suggest they stock up on food, water, medicine, and whatever personal protection they can muster, at this point in time, if I were in their shoes.

[@netizencapet]

If you listen carefully, you'd hear that deposits are GROWING, which should help with servicing extant bank debts, esp. when they cut depositors' interest. The burden, however, of failed loans, is likely too great for the increased deposits to make a dent. Perversely, the increased deposits exacerbate a good segment of the failed loans bc ppl aren't spending, so layoffs increase & loans default. And we don't know WHERE the increased deposits are going, so the mild shielding they provide could be asymmetric. This kind of thing has happened elsewhere. PRC seems super afraid of big bailouts & demand stimulus they need amidst their 1930s style deflationary spiral when it seems like they should do both heartily & fast. Some reasons might be that 1. they're afraid of exports getting even cheaper as a result, provoking even higher tarrifs, 2. of imports rising in cost, or 3. of pensioners taking a hit from mild price inflation even though all working ppl, debtors, & the unemployed would b helped by inflation! Remember, they're in a deflationary spiral & need inflation. This is why it is vital that China placate the US & its neighbors geopolitically - simply by laying real low in S China Sea & on Taiwan & on India - so they can strike new deals where the US stops labeling them as a dumper & helps them stabilize a higher exchange rate while China does its necessary DEMAND-side stimulus and massive bailouts. In short, PRC needs trade & finance help & should sacrifice geopolitical aspirations for 10 years to obtain it.

[@LloydsofRochester]

Americans need to watch this to learn about banks and what they do and why. We are largely ignorant of what is happening because we are not taught. this is banking 101 and affects us all.

[@meowmeow1733]

We are trapped by the limitations and weaknesses of being human😞 Every culture on this earth would be amazing....BUT☝️.....the amazingness is constantly derailed by our humanness . The same humanity that makes us great when we do it right is the same humanity that makes us horrible. The good and the bad....the double edge sword of this thing we call life/exsistance😞🥃.

[@TunaDumpling]

Especially when rates of fraud and scams are high, **read the Terms and Conditions thoroughly before signing anything!** If the company doesn't give you time to read it, don't sign!! Request to take the document away and schedule a time for completing the contract!!!

[@midimusicforever]

Dystopia intensifies!

[@mcmaltaeurope4777]

Very sad 😮

[@fialee8]

While each circumstances are different, I can see if someone wanted to withdraw a large amount of money in cash at a small branch. Bank branches have enough cash on hand to deal with 99.9% of transactions in the US... however, if someone wanted to withdraw $50,000 from a smaller branch, the bank may not have that much money in large ($100) bills to accommodate. You can take the money out in cash, but it would prob require two business days in advance, so they can order enough cash for the withdrawal. What I would recommend if someone wanted to withdraw cash, without an appointment, is the go to the largest bank branch (one with many businesses close by, or one that cashes a lot of checks) you have a deposit with in your city. They are most likely to have cash on hand, but also may not. If you are just moving it from one bank to another, get an official check from the bank.

[@netizencapet]

Appreciate the way you cover the deflationary spiral in all its dimensions. I think PRC needs to write off provincial debt AND pursue demand-side stimulus. Necessary in this storm.

[@netizencapet]

Todd Crawford, we ❤ your unique voice...as well as the female older voice who does the translations of women speakers. Irreplaceable.

[@jasmines.6325]

In Canadian banks you set your own limits. You can change it by request. Though Trudeaus 25k exit tax is egregious.

[@HondaWagovan]

A penalty for paying back a loan early? LOL. What kind of joke is that, yeah inflations is bad aright now in the states, at least we dont get punished for closing a debt early by paying it off early. What a joke, no wonder people dont want to put money in the banks, getting bent over for paying off debts early is a huge sad joke.

[@hatebreeder999]

Thats quite normal in eastern countries. I am from India and just last week itself my parents paid penalty for clearing up loan early. Unfortunately asians are not smart compared to europeans. They will signup for such deals even after knowing all the clauses

[@jimcyip]

Lucky for you, you must have never made a long-term loan, or haven't read all your terms. Pretty much all mortgage and car loans worldwide, including US, have prepayment penalty.

[@HondaWagovan]

@@jimcyip My car loan didn't have any penalty for paying it off early, I paid that off 6 months early. And my personal loans I have taken to fix some financial mistakes I have gotten myself into were also paid off early with no penalties early. Maybe I am lucky or the institutions I got the loans from were nice to me? I doubt I got special treatment though so it's the norm for my credit union not to penalize their members for closing a loan early by paying off the remaining balance off early.

[@dp-kz5cs]

By now why do ANY of them use banks 😂??? The smart ones will stash their cash ! This is like a slow motion trainwreck...😢

[@RatTerminator]

Good 🇺🇸

[@HexAlchemist5555]

they need to understand the money is not theirs once they put it into any bank, regardless of the bank's location. Once economic and social crises occur, capital control naturally follows.

[@Jenkins157]

I think it can be pondered about the cost of these extra measures. You need staff, institution, and resources to exercise these measures which comes off of tax payers. Not saying nay or yay about the practice, but just hope the cost worth the assessed risk.

[@mxjame546]

The bank asking people what they would do with their money, that a red flag and withdraw your money immediately

[@regwatson2017]

Imagine how many Chinese are hiding their cash under the mattress.

[@goidogoi]

Aahh... socialism.

[@midgelionhart]

Out of topic

[@SlavTiger]

"i continue to pretend to work and they continue to pretend to pay me" think that's how the old soviet idiom went

[@michaellalanae7228]

What did the bank run out of paper? Money is only a promise to pay .

[@dandanvers-kc9is]

programmable money, the way of the future

[@MZMA85]

Serve the public Protect the innocent Uphold the law Prevent bank withdrawals

[@Viirrvill]

you meant to say: Serve the elite protect the corrupt Uphold the interests of elite prevent bank withdrawals (unless it is a higher up that is taking a trip to other country with no plan to return)

[@JT-cf5ol]

anyone else remember the Greek bank crisis?

[@huangdi888]

Bank=Bankrupt

[@Change-xp2ts]

So what? You got money in that bank,?

[@Bejust389]

Thank you for great informative video

[@CarlizWang]

Same hustle everywhere if one want to transfer/withdraw large amount of money. I wanted to transfer about $15 000 between my own accounts in Sweden, had to declare where the money comes from, why Im transfering and what am I going to do with the money. There is also a limit to how much money one can transfer at a time, the banks even require notice days in advance for a large transfer.

[@redemissarium]

really??!! global banking mustr be in really bad situation if country like sweden are so controling 😅

[@TCKRDefense]

Fast transaction times: Cryptocurrencies can be transferred anywhere in the world in minutes, regardless of time zone or location. Low fees: Cryptocurrencies typically have much lower fees than traditional methods of money transfer, such as wire transfers or bank transfers.

[@ArnoBach]

I feel so sad for those in need.

[@alanloo]

If my Bank asks me what am I going to do with my money, I’ll tell the bank that I’m transferring it to another local bank coz their service here sucks😆

[@mnlvill]

Wow

[@maximusanthoniodelatorre]

🤣

[@2packrm781]

0:41 I'm going with #2. 1:10 "fraud"... ok🤨 1:21 wow. 1:48 oh, now it all makes sense. 2:58 that's cruel to do this to her. 3:31 just another layer of announce. 4:35 😮 4:43 it looks like somebody just f##ked up😮😮 ⭐6:22 ok ⭐6:27 oh, but will they? 7:01 I remembered this scene & it was awful, cruel, evil, wicked, & thuggish to treat those ppl☹ 7:09 here comes the thugs to save someone's face. 9:12 so they've created a viotile system by their own faults. 10:02 what a move. 13:39 😮 14:21 ok 14:46 ok 16:50 what a better option that should've been implemented beforehand. 17:16 ok👍👌 17:32 another great safe gaurd.

[@TGWazoo1]

It would be funny to give the reason for the withdraw was to pay police bribes.

[@mnemonic_de]

Involving police might not be wrong in all cases. There is a crime often refered to as "Grandparent scam", where involving police prevented an elderly person to be scamed. Here in Germany many of these crimes on elderly people were prevented by denying the request and involving the police.

[@TCKRDefense]

So Can you not withdraw all of your money from a German Bank?

[@fapoleon22]

​@TywinLannister0 not if you're very old and withdrawing an unusually large sum of money.

[@midgelionhart]

Isnt this normal practice? Whats so controversial about this?

[@killeresk]

Reading the description made me laugh.

[@FraudGuruExpert.]

Tank solutions?

[@controllerplayer1720]

they are using those dams..

[@sniper7.62x51]

TF is a policy bank?

[@Keep_calm_and_slave_on]

I’m mad as hell!!! They lied to me

[@VitoAnthonyD.-ow7oo]

I had to turn this video off at the half way point because the constant repetition of money being fed into the counter over and over again was giving me anxiety attacks.

[@yettiman8941]

That’s actually funny.

[@sbrazwell42]

Definatly easier to transfer

[@booniedogchamorru2205]

When you see similar situations happening in Europe and Canada, how long before it hits the US banks?

[@JoeBlow-fp5ng]

Soon, if you vote for Biden again.

[@flashybangy]

I never ever had problems with a western european bank, the hell are you talking about

[@RakutenZero]

Wumao spotted 😂

[@MrEvans1]

This is only china😂 We good here in EU

[@snuckersnucker3043]

Deposits are insured and protected up to a certain amount for each depositor as regulated by the government. It's rare that this happens in the West.

[@aldob5681]

restriction on cash are the norm in italy

[@MrEvans1]

Not really, just a phone call 24 hour in advance 😅

[@huanghermann5207]

Sure， and then , what?

[@michaelturner4457]

AI bot Falun Gong made video

[@Derek-tk4wf]

Worldwide destruction of the old guard, still in process.

[@grobanchic]

Trump 2024

[@SlavTiger]

what does that have to do with china?

[@Scylithen]

*YoUr MoNeY?* _Who told you it was yours?_ 😏😣

[@grinchmacapagal3154]

"Your deposited money is OUR money now" -chainas bank probably

[@liatmarmur4368]

Even in Australia banks are asking people what they wanna spend their money on and why they need a particular amount... If my bank asked me this question Id bloody well rip into them. How dare they ask me that question, its none of the fucking business. I've heard of this situation happening to people but Ive never come in contact with it personally, my bank is the best bank ever. I can still withdraw money from atms.and in house, They have no problem with me withdrawing cash (as much as I want up to 600 hundred dollars a day) They will change my notes, say if I wanna break a hundred dollar bill and they havn't pushed me to go digital , which I would never do by choice.

[@RealRick0408]

If everyone is singing the same tune. Then obviously bank is the problem.

[@fialee8]

OK, that guy talking about Certificates of Deposits is an idiot. If banks want to keep money at a bank... the best way is a bank to sell large denomination CDs to lock up a saver's money for several years. Banks can always set lower their long-term CD rates if they think rates will drop... so it makes zero sense why they would cut off large CDs. Even if rates do drop, banks should have the ability to hedge their interest rate risk to protect themselves from an interest rate decline.

[@Decatron2]

All these examples seem like isolated incidents. Especially the guy who tried to close his account. That guy would have been instantly reported to the police in the EU. The official responses and the laws sited seem fairly similar to what EU has. Setting up appointments in advance for large withdrawals is standard practice. And commercial banks are required to ask for an explanation when customers do large deposits and withdrawals and they report it to the government. They even do this regularly for bank transfers not just cash. There are also limits on accounts transfer amount and customers need to contact the bank in advance to change these limits temoprarily.

[@augustcanyon3438]

This already happens in America. But Americans still think they are "free".

[@rickstalentedtongue910]

Simply close your accounts.

[@Crazy--Clown]

Lol Wee Wee Ping very bad man...

[@vicmarx-sl5xz]

Bs, my children are there.

[@D-B-Cooper]

Transfer is not a withdrawal.

[@siewkonsum7291]

Needless to worry when you're Chinese with your money in Chinese banks in China, as compared to your money Usd in US banks in the financially problematic US banks!

[@KevSm-li8yy]

Bro, the FDIC insures deposits of up to $250,000 in US banks 🙄

[@JoseMedina-hs1up]

Every time US faces a crisis media star saying it's China who faces it😂😂😂

[@neilyarger3414]

We dont monitor bank withdrawal at bank bot....stop drinking toilet water.

[@sleepinglaffey3886]

Patriotism of Xinnie PorkPooh #slopagandpa - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters. -Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing -Tofu Exports and Western imports, accounting for 37% GDP, are down. -Foreign investment is falling over 90% compared to it's peak in 2018. -Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left. -Consumer prices are experiencing hyperstagdeflation. -Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record. -It's fast shrinking workforce is 10 years old than neighboring countries. - During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times. - It has printed more money than the US and Japan combined, while it's economy is only half of them. - Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg. How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 2 dollars. Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card Arctic Catfish Shenzhen: laughs at how Leeks feed her WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie

[@Tha66]

មិនត្រូវទុកចិត្តធនាគារប្រទេសដែលកាន់របបផ្ដាច់ការកុម្មុយនិស្តពេលប្រទេសកំពុងចាប់ផ្ដើមបង្កើតសង្រ្គាមជាមួយប្រទេសជិតខាង។

[@jeremiethomas8005]

I really hate the way this guy reads.