Comments by "Louis Giokas" (@louisgiokas2206) on "Panic! China’s Banks Run Out of Money? Chinese Frantically Rush to Open Accounts in Hong Kong" video.

At 7:45 the gentleman states that many banks in the West are collapsing. What? He said he did "research". The Chinese people are so ill informed on financial issues that it beggars belief. It is almost as bad as the crazy propaganda coming out of Russia about the situation in western Europe and the US (no water in the US to wash with and people in the UK eating squirrels, etc.). I recently saw an ad from Silicon Valley Bank (SVB) saying they were open for business. In the US, the government intervenes, and the bank is either liquidated (with protection for depositors) or its assets sold to another bank. In the SVB case it was sold, and the new bank is operating it under its old name. As I often say, I do not fear China, either economically or militarily. A society and government built primarily on ignorance and lies is not a long-term threat.
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