Overnight, Heng Feng Bank was bailed out (in a more unusual way than Baoshang Bank and Bank of Jinzhou) were bringing the total number of Chinese bank bailouts to 3 in just the last 3 months! Bailout #3: Chinese Bank With $200 Billion In Assets Is Nationalized https://www.zerohedge.com/news/2019-08-09/bailout-3-chinese-bank-200-billion-assets-nationalized New Tho Bishop Mises Institute article on China's teetering banking system: China’s Biggest Problem Isn’t Trump, It’s a Broken Banking System: https://mises.org/wire/chinas-biggest-problem-isnt-trump-its-broken-banking-system Evidence that China has Much Worse Stagflation Now: 1) China’s food prices jump 9.1% in July as the country battles African swine fever https://www.cnbc.com/2019/08/09/china-inflation-july-2019-producer-prices-ppi-and-consumer-price-index-cpi.html 2) China producer prices fall for first time in three years, deflation worries resurface https://uk.mobile.reuters.com/article/amp/idUKKCN1UZ0AD China is Desperately Trying to Stabilize the Yuan Exchange Rate: China state banks seen supporting yuan in forwards market: sources https://www.businesstimes.com.sg/banking-finance/china-state-banks-seen-supporting-yuan-in-forwards-market-sources 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 Commit to tipping us monthly for our hard work creating high level, thought proving content 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 57 5 star iTunes reviews and we need to get to our goal of 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. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us 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**