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25-06-2022, 08:52 AM
Kokee,
There can never be a crisis of this type because the govt can just print money to shore up the banks.
They purposely allow some protests and unhappiness then they step in like heros to rescue the bank and arrest the corruoted bankers who stole the money.
Because these banks don't borrow overseas they can be rescued easily with Yuan.
This sort of thing happens routinely in China as the financial system is full of problems and corruption from time to time the govt has to rescue them.
They just choose the right time to act as they want to milk the 'govt to the rescue' propaganda.
There can never be a crisis of this type because the govt can just print money to shore up the banks.
They purposely allow some protests and unhappiness then they step in like heros to rescue the bank and arrest the corruoted bankers who stole the money.
Because these banks don't borrow overseas they can be rescued easily with Yuan.
This sort of thing happens routinely in China as the financial system is full of problems and corruption from time to time the govt has to rescue them.
They just choose the right time to act as they want to milk the 'govt to the rescue' propaganda.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
