Waiting in Line for Hours to Withdraw Funds Bank Runs Increase in China as Bank-Issued Digital Currency Use Expands

China continues to lead the world in implementing the Globalists' Great Reset, as financial systems around the world begin to collapse. Watching what is happening in China, if you can find the heavily-censored news, will give a preview of how things are likely to unfold in other countries. Bank failures now seem to be accelerating in China, as panic begins to set in among the public, and it is being reported that in some areas people are standing in line for many hours trying to withdraw funds from their accounts. The run on banks is apparently a reaction to the story we covered last week where over 1 million residents in China’s Henan Province were prevented from withdrawing their money from their bank, with many losing their entire life savings. As protesters were heading to Henan province’s capital Zhengzhou to demand to get their money back, Chinese health authorities used their COVID-19 tracking app to turn up “red,” forcing them into quarantine, in order to stop the protests. When the current banking system can no longer meet the demands of its depositors, the Globalists will move on to the next phase of the Great Reset, which is to replace currencies and hard cash with Central Bank Digital Currencies (CBDCs). While many of us in the Alternative Media have been warning about the dangers of CBDCs for years now, most in the general public are totally unaware of how using a Central Bank issued digital currency will eliminate almost all of your privacy, and make you a financial slave to the system. Not only will they be able to track every single one of your financial transactions, they will be in a position to enforce social behavior as well as a condition for you to have access to funds in "your" account on their servers, such as comply with COVID-19 or other health mandates, like mandatory vaccines. China leads most of the world right now in rolling out their State Bank-issued digital currencies, so let's take a look at how they have done it so far, as both Russia and the U.S. scramble to try and catch up with China and issue their own Central Bank digital currencies.

Local Banks and Credit Unions Beginning to Realize that Implementing Central Bank Digital Currencies will Drive Them Out of Business

Credit union and banking trade groups have released a joint letter to the chair and ranking member of the House Financial Services Committee, warning of “devastating consequences” if the Federal Reserve moves forward with a Central Bank Digital Currency (CBDC). The fact that credit unions, which frequently serve unionized labor, joined with banking trade groups to sign off on the letter, lends credibility to the “devastating consequences” the letter enumerates of a Central Bank Digital Currency.

Biden Executive Order Outlines Plan for Central Bank Digital Currency as the U.S. Dollar’s Status as the #1 World Currency is Almost Over

Last week the White House published the "Executive Order on Ensuring Responsible Development of Digital Assets" that will pave the way to a Central Bank Digital Currency (CBDC) while regulating, and possibly eliminating, all competing cryptocurrencies. This is the end game for the Great Reset, which started with the COVID Plandemic in 2020, and is being further advanced today with the war in Ukraine. The Globalists who run the world's financial systems are mostly bankers, and they know that "payday" is almost here now, while the masses are mostly clueless and just assume that the world's economy, particularly in the West, will just continue on forever running up debt and creating fiat cash out of thin air, not realizing that at some point people need to stop consuming and start producing something. The end goal for the Globalists here is the complete replacement of fiat currencies and hard cash with digital money that is controlled by the Central Banks. Just how far they are able to advance to reach this end goal is dependent upon YOU, the consumer, and how willing you are to resist, and to change your way of living to start moving into the segment of the population that produces goods and services, rather than depend upon "the system" to take care of you and provide everything for you. Because once that "system" eliminates cash and local currencies in favor of CBDCs, then your slavery to that system will be complete, and there will be NOTHING you can do without their permission.