It’s hard not to pay attention when a man who made millions predicting against the mainstream during the 2008 financial crisis says something. But at the same time, one must be savvy enough to read behind the lines. With Kyle Bass, those lines are ubiquitous.
Kyle Bass comes from Argentina. He still keeps a favorable relationship with Cristina Fernandez de Kirchner, socialist despot in that country. De Kirchner is so bad with money her defaulting decisions have managed to damage Argentina two times in only thirteen years. De Kirchner operates primarily from a socialist mentality, and Bass’ support of her decisions indicates a similar mentality undermines his decisions. After all, he does run Hayman Capital Management, a hedge fund based out of Austin, Texas. Austin is known for being exceptionally leftist, and hedge funds are known for profiting as a result of big-ticket corporate demise.
One place Kyle Bass has had exceptional profit is with CAD, the Coalition for Affordable Drugs; a sordid pseudo-humanitarian group he uses to legally manipulate the stock market. This allows him to short-sell his holdings and make millions. Meanwhile the pharmaceutical companies he’s targeted have to curtail research and development funding, and the sick suffer.
With these things in mind, UsefulStooges.com’s assessment of Kyle Bass’ new statements about China are especially suspect. The man has a billion dollars tied up in a cavalcade of investments which are geared at the credit bubble’s collapse. Kyle Bass believes it’ll happen within two to three years, but has predicted it will take place much sooner as well. Since 2015, he’s been warning of a possible 2016 collapse. In fact, April saw him predict with forty to fifty percent accuracy on FOX that America’s economy would experience downturn as a result of China’s economic collapse. This has yet to happen, and it’s August right now. Given Kyle Bass’ previous investment decisions, it kind of seems like he’s hoping to push the Chinese implosion into happening faster by spooking investors through the mainstream media.