'New crisis': China faces wave of mortgage strikes
China is facing a “new crisis” as citizens are now refusing to pay their home loans.
“Mortgage holders have taken out their anger online and have vented their frustrations in public,” Mr Greenwood said.
“But the Chinese answer to all this is to send in teams of censors to erase all social media of any mention of loan suspensions simply to stop the run, to stop the behaviour.
But in further escalation shocking video has emerged in what is believed to be Rizhao in Shandong Province shows a line of tanks surrounding a local bank branch to prevent disgruntled citizens from withdrawing their money, which the government is now classifying as “investment products,”.
Remember, the way toward a Great Reset is to crash the system already in place. We've seen Sri Lanka grappling with it's debt and Pakistan is close behind. And I believe we are seeing signs that China is not the economic powerhouse they claim to be and the days of economic growth are far behind them.
This is just my opinion.
