That 2008 Feel: Henan Rolls Out the Tanks to Protect PBoC

See Banking Failures in Henan Persist for background on the ongoing saga of Henan banking problems. Protests escalated this month and it is claimed this is video of that same People's Bank of China building where large protests took place a couple of weeks ago.

Back in 2008, everyone took their eye off China for the 2008 Olympics in Beijing, but in reality the country was sending a strong warning about the health of the global economy. Once again, we're rolling into August with a rally in stocks (indexes bounced in late August in 2008) while China shows signs of severe economic stress.