Comments by "May L" (@MeiinUK) on "Banking Crisis: Woman Calls Police to Withdraw $600; Millions in Savings Become 10¢ in 4 Months" video.

@dw620 : That is correct... cos we have had bank runs before, and we experienced the financial crash... and they are a lot more strict now than ever before.... Cos.. any wrong actions, can topple the whole thing AGAIN.... So this time round, people are a lot more cautious.... The British empire had to do that before, where HK was concerned, and it is no big deal... When tightening happens, it forces you to put more money into savings... etc etc. So.... and when there is a bank run... either consolidate.. or basically write off the bad debts. Which is far more important. In order to keep stabilities. (And also quickly to.... transition into a better model for surviving on in the next few years.) I am beginning to understand why some people prefers to live in cage homes now even in HK.. Cos they must have experienced these kind of financial crashes before from the mainland... Cos I don't get why anybody would put up with this kind of thing.
2
They are trying to correct the financial mistakes.. and this is the physical method to do so.. that is what they seem to be trying to do here.... So.... a bit rudimentary.. but... How did Western countries did it? They created other various financial products etc. So.. to "hold space"... for a period of time... until fluctuations are slowly "lived out"... But I suppose, they want to become exact. And explicit.. in order to show "fairness"... Hence, this method... rather than to have a grey /leverage areas.. etc etc etc... So... I can see why most things doesn't work now.
1
Gosh.. so those regional mayors, or mayor-like... literally pay their staff first, and then the remaining is what is for the depositors ?.... Hm.... So nobody figured out the budgetings?.... So then, it is a case of political Vs financial/banking ?...... So this explains why some officials had money in their own homes? Cos it was related to bank runs ?.... They literally put the money in the house, rather than for it to be taken away ? Or to violate their own position as officials? So if they put the money in their own homes, then.. isn't this also kind of "illegal" ?? So whichever way you see it, they would get hit any way ?.... Gosh.... So this explains why during the lockdown, some citizens, went and took out their own money from their own homes and dumped it into the local police station... or for those officials... so that they get paid first... etc etc etc.... Instead of allowing those bank runs to occur. Gosh....
1
We have always had this here in the UK... maybe for those banks inside China, the liquidity issue is all related.. so now hence, they are asking or kept asking.. to do these steps for the sake of it etc.. But I can see that this is having a reverse bad effect.... etc etc etc... Gosh...
1
@thomasbjelke6685 : It seems like they are not letting the market adjust itself.. or to do corrections..... slowly.. so this blanket average thing. I wonder how they figured this out... are they checking region's GDP by region's GDP ? I bet they are doing that. So in that area, it is a "development bank".. so mis-usage of those specific banks, must meant that, they are trapped between policies or something to that effect.... The more I watch these videos.. the more it clicks...
1
@haroondaman7162 : Before the creation of the euro.. the UK pound was a lot more tightly controlled.... So... as not to indirectly cause inflations. That was before the PRC joined the WTO. And before the liquidity issues in China... and also in HK.. And even the PRC.. had one point, had different "rates" in different regions.. The fact that, they have money now... or a "healthy GDP"... within various "tiered cities"... is actually a good move on their side. It is just... going to be "always recorrected".... Whereas for us in the UK and in Europe.. we also have the stock markets too... " a grey area to allow indifferences, as an anchor and leverage"... And most companies would do taxations and fluctuations adjustments etc. And most individuals would live by those rules as well... those accounting rules. Even if you earn something, most people would make sure that they lose it back into taxes.. and therefore keep the cycle going.
1