China Panics, Deploys Tanks To Stop Bank Run

Nothing quite says 'proportionate response' like tanks outside a bank

As noted on The Daily Beagle, we warned of The Coming Economic Collapse of China, and told people to withdraw their assets from China now. Indeed, it has been reported China are so panicked by the risk of a bank run that they have deployed tanks no less by Wall Street Silver:

This follows on the heels of China frantically trying to halt the mortgage boycott by demanding their banks rush through loans for real estate developments, even as the biggest Chinese real estate developer, Evergrande, has collapsed.

This means the state-run banks are overburdened with a slew of problems of which they don’t have the money on-hand to fix, reinforcing the odds of a Chinese economic collapse.

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