Jason talks about how over the last few weeks the PBOC seems to be dramatically deviating from any previous policies. Jason talks about the chronological timeline over the last 2-3 weeks (starting with the Baoshang Bank news getting out) of how the PBOC is changing its policies of how it handles potential banking crises, to copy the US. 1) China Regulator Warns Of Losses For Those Betting Against Yuan https://www.pymnts.com/news/international/2019/china-regulator-yuan-short/ 2) China central bank steps up liquidity support for more banks after Baoshang takeover https://www.reuters.com/article/us-china-economy-mlf-idUSKCN1T706E 3) Currency War Next? Yuan Tumbles After PBOC Governor Says "Tremendous" Room To Ease Monetary Policy https://www.zerohedge.com/news/2019-06-07/chinese-yuan-tumbles-after-pboc-governor-says-there-no-redline 4) China Has Lots of Policy Room If Trade War Worsens, PBOC Chief Says https://www.bloomberg.com/news/articles/2019-06-07/china-has-lots-of-policy-room-if-trade-war-worsens-yi-gang-says 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 51 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**