Comments by "MAH79" (@mah7961) on "China’s Banks Are Broke, Mass Public Revolts, Armed Guards Block Withdrawals" video.

  1. What are you taking about American banks are FDIC insured. At least up to 250,000 dollars per account.
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  2. I only deal with USD. Last I checked 1 rmb is only worth .14 cents to the USD. It’s safe to say that the USD is way stronger than the Rmb. Even euros are stronger than the RMb. There’s a reason why the ccp covets usd and euros.
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  3. The rmb has better uses. Like tp or wall paper.
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  4. The better question is why keep putting money in a Chinese bank.
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  5. Sounds like the idea of stuffing their mattress with money is going to make a comeback
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  6. Sounds like the people are losing confidence with the banking system there
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  7. Supposedly I heard if it’s 10,000 or more the bank has to report it to the irs. For possibility suspicion of money laundering. Not saying you were doing that. But it does seem a bit bothersome.
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  8. @brucey5585 Us banks are only required to do that under federal law to report it to the irs to prevent money laundering and tax evasion and it only for withdrawals of 10,000 or more.
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  9. They got more than one color but if ask me it looks like Monopoly money
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  10. Well sure any money in the bank is long gone. But if they save the few rmb they have. They can stuff it in their mattress. Well come to think of it. Their money is practically worthless. Better used for tp or wall paper.
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  11. Not likely since American Banks are FDIC insured for 250,000 dollars per each account. Since 1933.
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  12. I keep seeing those fat stacks of rmb. Soon it’s only going to be good for two things. Tp 🧻 and wall paper.
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  13. It’ll fall 30 times faster. Making the 2008 us financial crisis look nothing more than a speck. You win again in the failure department. China is second to none in that category.
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  14. It’ll fall 30 times faster. You guys are 2nd to none in the failure department.
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  15. You guys are the ones living in a fantasy. Last I checked the 1 rmb is only worth .14 cents to the USD. You guys covet the American dollar and euros more than you’re own currency.
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  16. That and the fake gold you peddle to the netizens there. For little money they have left.
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  17. What’s the famous motto there. Oh yeah if you can cheat then cheat.
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