Crisis China: Gold, Dollar & Runs on Chinese Banks

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Recap - I've read recent reports, from Asia...specifically Korean news sites, that for the past several months...there have been large number of Chinese citizens...making large withdraws and closing accounts (in addition to this...there has been billions pulled from Chinese banks by foreign institutions and wealthy individuals). the sources are in Korean. but for those of you who've asked or didn't believe me...I'm going to link them. I've also linked a article from the Financial Post, titled Billions Pulled out from China. thank to brovic777

B/c of the memorial day weekend, i didn't have enough time to do an indept report..but, there are many out there who want more info about this asap. so, i'm going to do video to give you guys some brief...but important insight on this news...and also run through a few possible senerios that we may be facing.

Korean News:
http://economy.hankooki.com/lpage/worldecono/200905/e2009052218010469760.htm
http://www.asiae.co.kr/uhtml/read.php?idxno=200905211705071996

Financial Post
http://www.financialpost.com/reports/credit-crunch/story.html?id=1156102

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Tags: china US economic collapse yuan Chinese banking bank depression dollar crisis war recession housing gold silver

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[TigerInTree]

What a moron. Like many Koreans, they mistaken their wish as facts. China has no economic problem US does. Stop faking an expert.

[Growby10]

@TigerInTree - dude. do a favor to your entire race by plugging your worthless hole. u have an obvious inferiority complex... which your comments expose us to all. if u want to debate like a grown up...please go right ahead. but don't hide behind the youtube w/ your racist droll.

[sgwarrenb]

so, any updates? i see money moving into china again... those who sold n bot us$ is the biggest loser during this period...

[Growby10]

i have been updating my Twitter page..and Facebook w/ important news and commentary...please join me

[khjstephano]

growby10 - China 'caught in US money trap' yand ou are not understanding my point still. Read again my comments and try to understand my points. It's really sad there are many people like you.

[Growby10]

@khjsteph - ok, it's 1am..i'll read your comments again w/ a fresh mind. thank you for your effort to educate me

[gweilobuster]

China must dump all US investments and convert them into commodities like gold, iron, copper etc..in five years the market in south america, africa, russia will be bigger than US. so we must cut all ties with US because afterall US has never been a friendly country and we will eventually go to war with them.

[Tanarus20]

What blows me away is that are wise to who the real crooks are...The Federal Reserve"

If it comes to a riot...Pull out of the EU & dump the Feds as our monotary system!

[TumisHumis]

@TigerInTree Yes, because the collapse of the U.S/E.U will result in China exporting their worthless plastics to... the moon? Any western collapse would be many times harder on the East.

[ltmikepowell]

@stealthpakfa Hmm, interesting. How you know the timeline eh?

[gato123452]

@gweilobuster war will never happened. you will need to go to school and learn little kid war isn't just as easy to start now in age.

[damienrockaterror]

Totally false...this is disinfo. I was in Asia during this time and traveled all over China. People are trying to buy yuan not cash out. It is the dollar that people want out of. What the hell are you reading? Only an idiot would email you for information.

[stealthpakfa]

US will collapse, mark my words.

within 5 years. before 2014.

[Goetzitdone]

Don't be afraid of the dollar declining there is plenty to go around online. Learn how from an expert in online marketing danagoetz....com

[lisajason111]

u talk to the wrong person

[rickysosky]

booooo..........to you warmonger, you are an anti society