Tag Archive: Rumors


What A Bank Run In China Looks Like: Hundreds Rush To Banks Following Solvency Rumors

 

People gather in front of a branch of Jiangsu Sheyang Rural Commercial Bank, in Yancheng

 

 

” Curious what the real, and not pre-spun for public consumption, sentiment on the ground is in a China (where the housing bubble has already popped and the severe contraction in credit is forcing the ultra wealthy to luxury real estate in places like Hong Kong) from the perspective of the common man? The photo below, which shows hundreds of people rushing today to withdraw money from branches of two small Chinese banks after rumors spread about solvency at one of them, are sufficiently informative about just how jittery ordinary Chinese have become in recent days, and reflect the growing anxiety among investors as regulators signal greater tolerance for credit defaults.

 

Reuters explains:

 

  Domestic media reported, and a local official confirmed, that ordinary depositors swarmed a branch of Jiangsu Sheyang Rural Commercial Bank in Yancheng in economically troubled Jiangsu province on Monday. The semi-official China News Service quoted the bank’s chairman, Zang Zhengzhi, as saying it would ensure payments to all the depositors. The report did not say how the rumour originated.

 

  Chen Dequn, a resident in Yandong, just outside Yancheng, said she saw a crowd of about 70 to 80 people gathering in a branch of Sheyang Rural Commercial Bank in her town on Tuesday.”

 

ZeroHedge has more

 

 

 

 

 

 

 

 

BOLIVIAN LEADER’S PLANE REROUTED ON SNOWDEN FEAR

 

 

 

 

” The plane carrying Bolivian President Evo Morales was rerouted to Austria after various European countries refused to let it cross their airspace because of suspicions that NSA leaker Edward Snowden was on board, Bolivian officials said Tuesday.

Officials in both Austria and Bolivia said that Snowden was not on the plane, which was taking Morales home from a summit in Russia, where he had suggested that his government would be willing to consider granting asylum to the American.

A furious Bolivian Foreign Minister David Choquehuanca said France and Portugal would have to explain why they canceled authorization for the plane, claiming that the decision had put the president’s life at risk.

In a midnight press conference, Bolivian Vice President Alvaro Garcia said that not only France and Portugal, but also Italy and Spain were denying the plane permission to fly through their airspace.

“We want to declare very firmly that it was an American story that Edward Snowden was on this flight,” said Saavedra at the VIP terminal of Vienna’s airport. “This is a plot by the U.S. government to destroy president Morales’ image. We say this simply is a lie. And we will confirm this.”

 

 

Related: Bolivia Vs. Europe Over Snowden-Linked Plane Delay

 

 

 

 

 

 

 

 

Uncle Sam’s Misguided Children

 

Gun Rally 223

9 Things The Media Got Wrong About The Sandy Hook Shooting

1. Nancy Lanza Worked At Sandy Hook Elementary School

Nancy Lanza Worked At Sandy Hook Elementary School

She didn’t.

The Trump bombshell — Obama divorce papers, Obama sold cocaine?

 
 ” Billionaire real estate mogul Donald Trump announced Monday that he has a “gigantic bombshell” to drop about Obama. Trump says the “bombshell” will be revealed on Wednesday and that it could change the course of the upcoming Presidential Election.

 
Trump made the announcement on Monday after the third and final Presidential Debate between Obama and Romney, while he spoke to Fox & Friends. He said he has “something very, very big concerning the President of the United States.”

 

Harry needs to come clean . After all we can’t have a pederast as majority leader of the Senate 

 

 

 

 

Would you trust this man with your child ? I think not .