Share this page!

Trent Telenko Profile picture
Twitter logo
Jun 14 • 7 tweets • 2 min read
While it isn't getting a lot of mainstream media coverage. Business news channels are reporting waves of bank runs in China.

See the link below:
1/7
 asiamarkets.com/chinese-banks-…
The article claims these banks have frozen accounts to prevent withdrawals:

Yuzhou Xinminsheng Village Bank (located in Xuchang City, Henan Province)
Zhecheng Huanghuai Bank (City of Shangqui, Henan Province)
Shangcai Huimin Rural Bank (Zhumadian City, Henan Province)
2/7
New Oriental Village Bank (City of Kaifeng, Henan Province)
Huaihe River Village Bank (Bengbu City, Anhui Province)
Yixian County Village Bank (Huangshan City, Anhui Province)
3/7
There are threads on Twitter covering these Chinese financial developments:

4/7
Translated to English, the tweet reads “The bank card system is locked, and these people are here to unlock it. Massive runs are coming.”

5/7
This tweet adds some weight to the previous one.
6/7
Financial system collapses happen where everyone loses faith in the financial system at the same time and too many make a break for the exits simultaneously.

China being a place where that might happen wasn't on my 2022 bingo card.
7/7

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Trent Telenko

Trent Telenko Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @TrentTelenko

Trent Telenko Profile picture
Jun 15
>>100 rounds of ammo within weeks

I am going to presume that means pods of GMLRS. That is 600 GMLRS rounds.

Ten MLRS launchers in Ukrainian hands can fire all that in a day.

This is "make believe" military aid.🤡👇
1/4
So, it looks like the Atlantic Council was right and I was wrong writing the following because they knew the utterly pathetic levels of GMLRS ammunition the Biden Administration was going to provide.

2/4
I'm sorry to get Ukraine & it's supporter's hopes up with that thread.

I had no clue as to the level of make believe symbolism the Biden Administration was going to engage in to publicly appease the Putin Regime.

3/4
Read 4 tweets
Trent Telenko Profile picture
Jun 15
I don't have the words to express how militarily _Silly_ the Russian Air Force standoff missile strike shown in the tweet below is. So I'm going to drop some WW2 photos to calibrate your eyes to the silliness.

Rail Logistical 🧵
1/
This is a damage-assessment photograph taken on July 8, 1944 after an American air raid on the French Rouen-Sotteville marshaling yards.

The raid was a part of the allied "Transportation Campaign" to isolate the Normandy beachhead from Nazi troops.

3/
 web.archive.org/web/2018100410… Image
It took a few hours for the German & French workers at the Rouen-Sotteville marshaling yards to repair around the seven bomb holes.

Visually, it is easy to see why. There are a lot of parallel tracks which still go from one end of yard to the other.

You can switch between
4/
Read 10 tweets
Trent Telenko Profile picture
Jun 14
This is an important development for several reasons, but I don't think it heralds the immediate liberation of Kherson. 👇

Kherson and the Nova Kakhovka dam are key Russian strategic objectives to ensure the water supply of Crimea.

Logistical 🧵
1/8 Image
Russia simply has to fight here for Crimea to remain viable.

So, important reason # 1.

This development forces Russia to move forces & more importantly refocus it's artillery ammo supply chain from Donbas to Kherson or risk losing Crimea's water.

2/8
Important reason #2

Filling the Russia-to-Kherson logistical supply line for the same daily rate of shell usage as Donbas requires more shells to fill all the transport between Russia & Kherson.

3/8
Read 8 tweets
Trent Telenko Profile picture
Jun 14
@dividendgrowth1 At ~60K shells/rockets a day for 110 days, Russia has burned through ~6.6 million of them.

Artillery ammo the Ukrainians have captured & destroyed is on top of that.

And in the 1st 10 months of the 2014-2015 fighting 250,000 rounds of larger than 120mm mortar ammo were fired
1/
@dividendgrowth1 ...by both Russia and Ukraine. Somewhere between 2/3 and 4/5ths of it was RFAF ammo.

All the artillery ammo Russia used in Syria since 2014 was on top of that.

The entire world's productive capability in artillery shells & rockets can't keep up with Russia's shell/rocket
2/
@dividendgrowth1 ...use rate.

I've been looking for reports on the Russian dud rate, gun explosions, and slowed artillery use rates.

Ukraine says dud rates are in the range of Jane's Defence Weekly reports of Afghan War Soviet artillery with 30 to 50% duds.
3/
Read 5 tweets
Trent Telenko Profile picture
Jun 14
I was interviewed by Dan Michaels of the Wall Street Journal about US versus Russian logistics.

The article containing some of what we talked about was published in the 14 June 2022 issue today.
wsj.com/articles/the-1…

1/
The 1st of my two quotes:

Instead of the heavily mechanized logistics system used for decades by Western businesses and militaries, Russia’s military relies on bountiful conscript labor to move gear, much of it packed in unwieldy coffin-size wooden crates.

“The U.S. has
2/
built logistics like we are short of people, and Russia has done it like manpower is free,” said Trent Telenko, who spent 33 years at the Pentagon’s Defense Contract Management Agency and has studied Russian military logistics.

3/
Read 11 tweets
Trent Telenko Profile picture
Jun 14
The trailer shown below is an electric drive unmanned ground combat vehicle attached to a manned vehicle.

The idea of a UGCV as an add on to a light combat vehicle has all sort of interesting battlefield logistical/transportability implications.
1/8
Tactical helicopter transportable armored vehicle firepower will make the USMC and US Army's 82nd Airborne & 101st air assault divisions very happy.
2/8
If you add Switchblade-600 and Coyote loitering munitions to such vehicles.

The power projection implications get...interesting.

Coyote tweet below👇
3/8
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(