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Kyle Bass grasps it perr fectly Trump busted the Chinese and the Chinese instead of selling their $US Dollar reserves tried to hide the sale by using Futures….tada but our Financiers are better than their financiers .They didnt want the world to know they were selling $US dollar reserves BECAUSE that would drop the DOLLAR and GIVE the US a TRADE advantage TADA …..Trump WINS ….he gets his trade advantage .
BASS is our ACE in the HOLE because he can explain it to to DUMB ASS DEmocrats that dont want Trump to get credit for anything and he does it in simple language that anybody can understand even a Democrat ..
DISCLOSURE: my son in Law sister is married to a BASS that why I follow him more than any one else ! He’s an interesting guy ..thanks KYLE !
In June 2016 when Hecla was $5 or $6 I don’t think they had sold forward a major part of their production at $15 an oz. Their price action today shows what people think of this strategy.
Its all just a CHANGE and readjustment. Or REVERSAL of the past. What was isn’t what is anymore after 2008. Its pretty simple. And that Yuan baloney was always pegged 6-7 for a $1. That was like a 50 year rental agreement on an industrial building. You can’t move industries, and have to worry about the exchange rate. 6-7 Yuan is a microscopic amount. Can’t hurt you after you relocate.
“Trade war” words were not used during Ron Reagan ’81-’89, when millions of US corporations moved into China. They didn’t call it trade war after 1960 when the USA was buying everything from Europe and Japan. Japan lost jobs to China after 1989. Its nomadic capital. And these global operating businesses must have influence and decide among themselves when and where they decide to go.
Kyle Bass – It’s A MASSIVE “Can’t Pay,” Plus Expect This To Propel Gold Even Higher And One Of The Reasons Gold Is At 6 year Highs
August 07, 2019
Kyle Bass says it’s a massive “can’t pay,” plus expect this to propel gold even higher and one of the reasons gold is at 6 years highs.
A MASSIVE “Can’t Pay”
August 7 (King World News) – Kyle Bass:“Chinese companies circulating at least $200 billion of IOUs as real payments dry up. The Chinese property developers are going to detonate. In an economy of $13 trillion, $200 billion is a MASSIVE “can’t pay” amount. US banks lost roughly $800 billion in financial crisis.”
To Be Clear…
Kyle Bass continues:“This piece says the number is now $675 billion. To be clear, instead of selling the USD they have in “reserve”, they use forwards to hide the real dollars running…ALA South Korea in 97-98. (See below).
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