China's record flooding may be doing a lot more damage than just property damage. Follow more China news on the superb @China in Focus - NTD @NTD or @Crossroads with JOSHUA PHILIPP or @Zooming In with Simone Gao YouTube channels. @China Uncensored @China Unscripted @China Observer - Vision Times @serpentza @laowhy86 and @ADVChina also have good China coverage. One of my top China sources says that more than half of all Chinese staple crops (corn, rice, etc) and livestock have been destroyed by the flooding all over China and droughts in different parts. The July 21st, 2020 China In Focus episode had similar conclusions: "Concerns are rising over China’s food supply. Flooding in Southern and Central regions, plus drought in the North have hugely reduced the country's viable crops." If this is true, then the Chinese Communist Party (CCP) will have to import a lot more food, soft commodities and livestock potentially driving up the prices of these items globally. Also, Standard & Poor's (S&P) is projecting banking system losses in China to be $400 billion by the end of 2021, more than the combined losses of banks in North America and the EU combined: Chinese bank losses to exceed US and Western Europe lenders https://www.msn.com/en-us/finance/markets/chinese-bank-losses-to-exceed-us-and-western-europe-lenders/ar-BB173xoG Panic Selling Grips Chinese Stocks After U.S. Tensions Worsen https://finance.yahoo.com/news/china-traders-insiders-foreigners-fleeing-053817556.html According to China In Focus, Capital outflows in China reached a 4-year high. Nearly $140 billion US dollars in indirect investment funds flowed out of China in the second quarter of 2020. Kyle Bass Copycats Snap Up Bearish Hong Kong Dollar Options https://finance.yahoo.com/news/kyle-bass-copycats-snap-bearish-085351983.html Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 86 5 star iTunes reviews and we need to get to our goal of over 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**