In 2016, April, Kyle Bass told FOX news China’s credit bubble would collapse and cause an economic recession in the United States. Bass believes this collapse will happen within the next two to three years, but he told FOX there was a forty to fifty percent chance it would happen by the end of 2016. Now it is August, within several days of September, and Bass’ prediction has yet to yield any fruit. Is it possible he was saying it as a scare tactic aimed at spooking investors away from Chinese investiture? Well, examining the situation critically, this doesn’t seem too far off the mark.
The average of forty and fifty is forty-five; ergo flipping a coin has a five percent greater likelihood of telling a person what the economy will do by the end of the year than Bass. That seems like very low odds for a billionaire who has demonstrated substantial acumen in the market! Why would a professional like that be willing to say something so vague?
Additionally, UsefulStooges has written about when Kyle Bass started CAD, the Coalition for Affordable Drugs. CAD uses sympathy for the sick, and their sad plight, to force courts into legislating big-ticket pharmaceutical companies such that their store prices are decimated. This drops stocks as a result, and Kyle Bass short-sells his holdings. In the end, he makes millions while the sick lose future cures that would have come from the Research and Development departments lost when a pharmaceutical must curtail ROI-risky expenditure.
Add into this cavalcade of evidence Bass’ relationship to Cristina Fernandez de Kirchner, and the picture becomes clear. De Kirchner functions as a socialist despot in Argentina, Kyle Bass is an Argentine. Despite a double default in thirteen years at the hands of this woman, Kyle Bass always supports her decisions. How could he without relying on some socialist financial ethic?
The final nail in the coffin is Hayman Capital Management, the hedge fund Bass runs out of Austin, Texas; a city known for being exceptionally leftist. Hedge funds, likewise, are known for profiting as big corporations decline–socialist politics definitely recommends them. It’s likely, with all this in mind, that Bass’ stance on China is geared to force meltdown earlier so his investments mature quicker.