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June 20, 2022 | China Uses COVID Pass to Restrict Movement

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

People believed that governments would use tracker apps solely for COVID purposes. Sadly, the Chinese are quickly learning the harsh reality – the apps were always intended to control the masses. Over $6 billion (39 billion yuan) has been frozen, and thousands of people are unable to access their bank accounts. A few banks in rural Henan reported bank runs, and residents were planning a protest after finding that their funds were frozen.

Conveniently, the COVID tracing app is required to enter the bank. Users need to scan their QR codes to enter most public places. It has been reported that thousands of COVID-negative individuals had their status changed via the app, restricting their movement and making public places inaccessible.

Numerous depositors were taken to quarantine camps. CNN reported on one individual who was forced to spend the night in a quarantine camp after his code falsely showed he came into contact or was infected with COVID. He was permitted to leave the following day, but since his code was still inactive, he was not permitted to board the train home. As the lockdowns have shown, govern

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June 20th, 2022

Posted In: Armstrong Economics

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