WallStForMainSt: Chinese SOE Banks Have To Sacrifice Their Profits To Do A $210 Billion Bailout of China's Economy?

  • Friday, 11 September 2020 04:02
The large Chinese state owned enterprise (SOE) banks are now being asked by the Chinese Communist Party (CCP) to sacrifice $210 billion in profits to bailout the Chinese economy and subsidize bad loans. China's mega banks lost billions of dollars in profit as bad loans rise during coronavirus pandemic https://www.cnbc.com/amp/2020/08/31/profit-declines-for-chinas-big-banks-in-first-half-of-2020-due-to-bad-loans-during-coronavirus.html China banks: yuan for the team https://www.ft.com/content/647ad6ff-b44f-4cb2-a0d3-de5836b00a4b Follow @China in Focus - NTD @NTD @China Uncensored @Crossroads with JOSHUA PHILIPP @Zooming In with Simone Gao @ADVChina @laowhy86 @serpentza @China Unscripted for great, free China news on YouTube. Follow Kyle Bass on Twitter here: https://twitter.com/Jkylebass Follow Michael Pettis on Twitter here: https://twitter.com/michaelxpettis A Spate of Bank Runs Breaks Out in China, Fueled by Social Media https://www.bloomberg.com/news/articles/2020-07-14/spate-of-china-bank-runs-force-police-regulators-to-act Washington Slaps Import Bans On Chinese Companies Using "Forced Labor" From Imprisoned Muslims https://www.zerohedge.com/geopolitical/washington-slaps-import-bans-chinese-companies-using-forced-labor-imprisoned-muslims A Bubble Scarier Than Big Tech Is Brewing in China https://www.yahoo.com/news/bubble-scarier-big-tech-brewing-235756755.html Michael Pettis Tweet about $210 billion bailout in China: https://twitter.com/michaelxpettis/status/1303300647979188226 Kyle Bass Tweet (July 15th, 2020) about bank runs tarting in mainland China: https://twitter.com/Jkylebass/status/1283371500347817985 Please watch the "China's Very Dangerous Fiat Currency & Credit Situation" video from August 2019 about all the crazy bailouts that were happening in China in 2019 many months before the pandemic! Link: https://youtu.be/FvbB6w0Azvw 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 O

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