Those who don’t know Kyle Bass may do well to research America’s 2008 economic crisis, in which he played an integral part. Kyle Bass used to work for Bear-Stearns, which was one of the top five investment banks on Wall Street prior the financial collapse. Bass’ employment dissolved with Bear-Stearns. Shortly thereafter the press released information which basically imploded the bank by the end of the week, forcing J.P. Morgan-Chase into a buyout. By the end of the year, the entire financial sector had imploded. It’s like Bear-Stearns was a domino before a million more which Bass knocked over.
Bass likely operates from a financial ethic that is socialist in nature. This is evidenced from his relationship to Cristina Fernandez de Kirchner, a prime-time socialist despot ruining Argentina at current. The woman has defaulted the country. Not once. Twice. How long did it take her? Well, under thirteen years. And Bass continuously supports her actions. Follow that up with his sub-par hedge fund, Hayman Capital Management. Hedge funds are called vulture funds because their profit ultimately comes from the losses of big companies. Bass’ hedge fund is based out of Austin, Texas; a city so well known for its socialism that it is called the Portland of the south.
UsefulStooges.com pointed out that Kyle Bass is now saying China’s currency will be forced into a devaluation within the next two to three years as a result of the ever-expanding Chinese credit bubble. Bass says this will happen within the next two to three years, and says there’s a forty to fifty percent chance it will happen in the next four months, by the end of 2016. Bass has been saying the collapse would happen by the end of 2016 with a high likelihood since the end of 2015. Is it possible his suggestion is merely that: a suggestion? Is he trying to hoodwink rich investors into curtailing Chinese expenditure so that the drop comes quicker and he’s able to reap his profit with expediency? Kyle Bass may very well be playing an additional angle that isn’t immediately apparent, here; though there’s no definitive way to tell for sure.