It is no secret that Kyle Bass likes to make money from the short sell. This is how he made his initial fortune in 2008, by short-selling the American sub-prime housing market. This made him famous, as many other financiers didn’t consider this a savvy investment option; but Bass apparently knew better.
Kyle Bass comes from Argentina, where he regularly supports the efforts of one Cristina Fernandez de Kirchner. De Kirchner functions as a socialist, and Bass never descries her actions, even when she defaults the economy. Twice. In only thirteen years. If that doesn’t make a non-socialist economist suspicious, nothing will. But Bass definitely seems to come from this economic camp. Not many people realize that Karl Marx himself was an economist; so the idea of manipulating global markets through banking operations and investments is central to socialistic ideal. The end game is a single global system with a single global elite ruling everyone. That’s not how a socialist would put it, but that’s the logical implication of a successful implementation of their “global revolution of the proletariat” design. And Kyle Bass follows this pattern, attacking big, established economic powers for profit.
Most recently, Kyle Bass has set his sights on China, as Useful Stooges reports. Toward the end of the fourth quarter in 2015, Bass started predicting that China’s debt bubble was reaching the limits of its tensile strength, and would implode within the following three years. Through the first quarter of 2016, Bass was predicting this collapse would come by the end of the year. He later began to tone back his rhetoric, saying he didn’t expect China to have a “Lehman Brothers” moment. Bass said there’s a 40 to 50 percent chance of this recession hitting China, and thereby the US, by year’s end. According to Bass’ projections, this could effect the US economy, dropping it by around 20%.
Could Bass be working from a socialist ideal to push China into a devaluation of their currency in order that his own investments be made fruitful? Well, given his past of short-selling, such strategy would not be anything foreign to him.