Jim’s Rant For The Day. Chinese Central Bank Is Starving For Air.

China just lowered Interest rates and at the same time pulled cash out of the system.

That means they are starving for air (needing slaves borrowing from them) after their economy shrank due to Covid.

Withdrawing cash slows down the bank runs, forcing people to borrow tightens the noose on the people

Their Central Bank is in trouble and so is the government.