On Deposit Products with Abnormally High Rates

In his second December 22, 2020 Getter video, Mr. Miles Guo answers questions from his brothers-in-arms regarding deposit products that are offering very high interest rates. He says that banks under the CCP do this regularly, especially at the end of the year, to fill in holes that were created from things such as giving out fake loans. If they get caught, your deposit will become illegal and thus not protected by the People’s Bank of China. When the new year comes, the state-owned banks could go bankrupt at any time. You want their interest, while they want your principal. If you are greedy, you will be punished.

Video source

It’s December 22nd. Hello, dear brothers-in-arms. Did you exercise? Did you spread the truth about the CCP virus and the danger that Hong Kong is in? Dear brothers and sisters, from morning until now, I’ve been reading various messages from many brothers-in-arms sent via other channels as I exercise, and this is my response, as I cannot reply to each message individually.

The CCP has always, especially at the end of the year, had the rural credit cooperatives, business banks, and large banks get high-interest savings. BIAs, this could really be the last time that the CCP is doing this. The key is that they give you the interest because they are targeting your principal. You want their interest, while they want your principal. When the new year comes, at any time, all kinds of banks, state-owned banks – China Construction Bank, China Merchants Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China, they will all go bankrupt. You will definitely not be able to withdraw large deposits.

Dear brothers and sisters, please, don’t be stupid, alright? The high-interest business savings are even less trustworthy. Of course you cannot trust those. You ask me this, and what is my answer? “Of course not!” Why would you take this risk? You don’t know what the middleman would do behind your back. It had happened numerous times before, these people work at banks, they make fake loans, and when they can’t fill the holes, they get outside money to temporarily fill the holes. But sometimes, they get caught, and then your deposits become illegal deposits, because they were acquiring deposits illegally using high interest rates, so these are not protected by the People’s Bank of China. Then, you’re finished. Don’t do this, brothers and sisters.

You want their interest, while they want your principal. A BIA reported that they are offering 15% APY. Brothers and sisters, how do they give you 15%? Is that legal? Is that logical? The greed! If you are greedy, you will be punished. Making money, making money logically and legally is normal everywhere. If you desire to profiteer, what will happen instead? A catastrophe. You will receive other attacks and even the so-called legal charges. Calamity will be your only return. You cannot do that, brothers and sisters.

Transcriber:【康州盘古喜马拉雅农场】Translator:【noraTina】Subtitles:【V%】Video provider:【恒久忍耐】Editor:【TINALS】

Presented by the Himalaya Rose Garden Team

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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