This page has been archived and commenting is disabled.
150 Seconds Of "You Can't Handle The European Truth" From Kyle Bass
"A popular revolt will happen" is how Kyle Bass sums up the endgame from kicking the can in Europe. Dismissing the headline-making 'But, Blackrock is buying European bonds', Bass reminds Bloomberg's Stephanie Ruhle that very few ever get the crises correct and that the herd will keep buying things until it blows apart. With massively over-leveraged banks and a Greek dependency, Bass notes that investing in Europe now is like picking up a dime in front of a bulldozer and expects Germany will eventually leave the Euro (within 3-4 years) as the 'joint-and-several' liabilities will never happen. 150 well-spent seconds to summarize just what is going in Europe, as he concludes with Milton Friedman's quote on Europe: "when they hit a bump in the road, it will tear them apart at the core."
Stay tuned to the end for his clear reasoning for why this will not end well...
- 41925 reads
- Printer-friendly version
- Send to friend
- advertisements -


Does anyone know if Pelosi, Reid and Boner got their buy orders executed before they spoke?
WTF just happend in the market. DOW turns positive in .5 secs
FLASH RAMP
look at my comment above you.
The bernake must have flipped the Overdrive switch on the printers
Karl Rove reported to be deeply saddened when told that idol Joseph Goebbels remains unpopular in Europe.
hey dude, it's all propaganda, and it's all lies. mixed with some truth like the devil do.
Wow, Karl sure has a lot of fans on this site.
He's probably buying up all the twinkies he can find right now.
Kyle Bass -- the guy always rang a bell...Got it: Bass looks a little like my brother Santino.
"We don't discuss business at the table."
http://file037.bebo.com/1/mediuml/2008/01/10/19/4747706341a6585171267ml.jpg
You could watch CNBC all morning and not hear that much worthwhile information.
Reply: A déjà vu is usually a glitch in the Matrix. It happens when they change something.
(From "The Matrix")
Never mind that Virgin America just canceled 20 Airbus orders or that WalMart employees plan to strike on Black Friday - - - stocks will be saved by Congress, just not the minions that they represent.
And lets not forget that 18,500 my way or the highway union workers get to go home permanently, each of them with a twinkie rammed up their ass on the way out.
Why do union names always sound like communist organizations? "United Food & Commercial Workers International Union", "Department Store #1", "Bakery, Confectionery, Tobacco Workers and Grain Millers International Union", "Grocery Store", "International Brotherhood of Electrical Workers Local 25".
So droll. Why not the "Fun and Tasty Baker's Union" or the "We Light Up Your House Local 15"?
Why do union names always sound like communist organizations?
Because they are?
Right... labor organizations have no place in a free society. You guys are unbelievable.
Boba Fat
2000 years of history shows that if workers don't organize they are exploited to death, the issue is not about organizing but exploiting
"Making Change at Wal-Mart" seems to show a sense of humour.
Did you mean their sell orders ? Unless gold leads the way this pop is designed to be sold into hard.. or so I'm thinking
scatterbrains gold has moved 2 bucks all morning. Somneone has it firmly in a headlock right now. I would not draw any conclusions from gold right now.
Look at the open interest and trading volume on GLD options and you can make a pretty good guess about where gold will be moving over the next 3 hours.
thanks for the tip. i'm so confused i just keep driving to the coin store and turning around halfway there lol.
I'm sure they waited for confirmation before speaking.
I started feeling better about the place I work when the women started admitting stronger crushes on Kyle Bass than Jamie Dimon.
From can kicking to Ass kicking, bitchez...............
"....very few ever get the crises correct and that the herd will keep buying things until it blows apart."
The herd is always right..........right up until it is spectacularly wrong.
Don't forget the injuns are helping to injuneer it. The tribe must eat.
http://en.wikipedia.org/wiki/Buffalo_jump
In the painting the injuns already had European horses. It's a terrible waste to chase the entire herd over cliffs on horseback when you can easily chase and hunt only what you need.
Yes, the injuns are much smarter these days...
Good point, I keep forgetting they were re-created post-war as export nations reliant on weak currencies. I don't think exporting to the PIIGS was in the equation though, maybe it was the plan with the Euro. China was the wildcard no one anticipate at the time.
It's a terrible waste to chase the entire herd over cliffs on horseback when you can easily chase and hunt only what you need.
___________________
Painter was an 'american'. The scene had to be spectacular. 'Americans' love their propaganda and fantasy.
I like you hun, that's why I'm telling you that as sure as water will wet you and fire will burn it's going to be Hell.
Canvas is not big enough. Off to the right is a passle of white men. They "gave" the horses to them in exchange for keeping all of the hides to take back east. The Chief protested that he needed the skins for clothing, white man countered with clothes and blankets and threw in the small pocks for free. Why piss away money on expensive bullets when you can get the locals to run around and do the hard work for you.
investment in Europe = picking up a dime in front of a bulldozer
Eventually to be.......investment in USA = picking up a dime in front of a bulldozer.
Just because Europe is leveraged 3 times more than USA doesn't mean the USA is in the clear.
Is it a silver dime?
Do we delude ourselves that its 17 nations under god?
YES YOU FUCKING MORONS, Forever US analysts have been talking of Europe as if its a mirror USA, we hate each other, we are our own people in the eu we fight to get the best for ourselves with someone elses money...
The whole thing was built on nothing, now its going to collapse..
Brussels should set up a web site allowing Europeans to submit and subscrige to petitions. I wonder how many people would sign up to secede from the EU.
We have a govt site in the uk called epetitions...
to be read out, they need 100,000 votes.. the one demanding a vote to leave the eu is one of the few that have made this milestone.. another Petition is getting close to that..
Stop the beer duty escalator?
http://epetitions.direct.gov.uk/petitions
We also hate each other in the US and fight to get the best for ourselves with borrowed money from advance paycheck loans based on the future earnings of elementary school kids.
Seems pretty similar to me, I dont think Europeans understand how far from united the US is and just how deeply its regions despise each other.
I think you're exagerrating. Do you get out of your "region" much?
"how many of your relatives" .... stop right there Mr.Bass
+1
Actually, my parents would have been fine..., it's the sisters, aunts and uncles, cousins, and in-laws that can kill.
succint
truthful
simple
Who the fuck would think buying ANY Euro debt is a good idea?
The people that want to dump it on you after they convince you that it's a great deal because, well, they bought it and they are the "smartest people in the room".
Corzine did! That didnt end well too.
Yes watch out..they will "package it"...get it rated AAAA....and sell it to some dumb Pension fund for the return that THEY have to get to keep their job...
It ended pretty well for John, he's 1.6 B ahead
He's good.Smart man that is part of the 5%.
Goldman Sachs will place a technocrat in any place it desires in order to get these countries to cede sovereignty. No need for democracy when you can buy control with counterfeit fiat.
"..the herd will keep buying things until it blows apart".
Well, that's certainly the case today. Mere minutes after Londong close, the Dow goes up 100 points. Looks like HFTs and algos are jerking each other off over the last few days.
DavidC
I am telling you David these politicians are going to take a page out of Draghi's book and rumor drop the next month. Each rumor will be bigger than the next. The market will hang off every word. Then there will be minor "setbacks" behind closed doors that must be "hammered out" but they will assure us it will be okay. This will go on and on.
You better be careful. SEC has a "jerk* off" Google alert set up. They will be all over your computer.
Kyle Bass for President.
him & ron
Unless you donate millions to AIPAC causes, you're more likely to get a bullet in your head...
Soupline- Take a look at our national politicians and particularly the senate. Then remember we have guys like Bass and James Grant around and we are electing Pelosi and Harry Reid. What a disgrace.
Bass Says Half His Fund Is Invested in Subprime Bonds
http://www.bloomberg.com/news/2012-11-16/bass-says-half-his-fund-is-inve...
How much was he down on his Yen short before it finally started turning around the past few days?
This guy is a one-hit wonder, much like Paulson. How does he think subprime bonds are going to perform if the European economy falls apart?
because the fed will buy them all from him. i hope he asks to get paid in nickels
You cannot win when markets are distorted “behind closed doors” as he said.
Without “behind closed doors” access expect more crying and loss,,just crowd noise.
Just another fund manager trying to make a return for clients in and illusionary market.
3-5% get it right?
Sounds like the amount of people buying gold and silver now.
A sane voice in an insane world. Germany needs to leave now, if this goes on for three more years the results of the extra misery inflicted will make the consequences much worse.
the problem i have with kyle is that he steers away from any talk of real u.s. implosion........he keeps discussing the end of the euro, and the fraying of japan, yet he seems to think the numbers will work out for the u.s......that the u.s. will cut a little, raise taxes a little, inflate a little, but that all is well in the Un-united Secessionists of America...................
i would say it is less that and more that we are the last domino to fall. but thats just my imo. Schiff on the other hand says we go before Japan.
That is correct. In longer intwrviews, Bass is clear in his view that the currunt path is unsustainable for the U.S.
ive listened to his longer interviews, and yes he says its unsustainable but fixable.......he has made that clear....i dont see his math working with regard to the u.s...........................
I am not sure I agree, but let's say you are right. He claims to have a bumper sticker that says "god bless our troops, especially our snipers". So his patriotic side may prevent his brain from drawing some very inconvenient conclusions.
He has stated recently a change in opinion. He recently said, "I can't fix that". I think he agrees with Paul, we've already crossed the Rubicon. It's over now, just a matter of time.
i really think schiff has turned more optimistic.......its subtle, but you can pick up on it....hes more vague these days....not making the bold calls anymore.......he still selling the metals....but not with the same apocalyptic tone......not sure what he sees........
I don't hear him screaming hyperinflation as loud as I expected but his "operation screw" rant after QEI was announced was about what I anticipated.
Kito what are your thoughts now? Romney is a distant memory, Bernanke is already on QE4, Gold has popped a little but it's essentially standing still. Where do you see things going?
still dont see hyperinflation occuring anytime soon............one thing that seems to becoming clearer to me....and it hit home with the recent martenson interview with the arch druid greer dude (who by the way is pretty darn insightful--you should check out his blog), is that that regardless of what acute issues occur, the long term trend for this country is down down down........and no economic maneuver, from mises to keynes, will fix the issues............energy costs will continue to rise, the country will continue to put its money toward maintaining people as opposed to infrastructure, decay will become rampant in many parts of the country, and eventually the u.s.a will become a third world country......if its stays together.......as doc said, the chances of its splitting up grow stronger every day...........
Alright. So lets get past that since I totally agree. I realized from this storm I ain't sticking around when the shit really hits the fan. So....Equador?
what works for one man may not work for another...........ecuador is a wonderful country, but its also third world........with a population of around 14 million, its able to feed itself, has oil and other minerals, great fertile land due to the volcanic nature of the country, it also has diverse regions ranging from beaches to mountains to rain forests.....correa has been very smart and worked to forge trading partnerships with asia, trying to ease the reliance on the u.s. market................not a bad place to consider but you need to establish yourself there well before tshtf..........the big downside of course is employment..........you wont find many opportunities unless you are of the entrepreneurial nature.........spanish is a must......english is rarely used...........and they also use the dollar as their currency......so if you see the destruction of the dollar, it could be a problem.....although i have no doubt that correa has plan B in place because he despises the dollar, but keeps it because he knows the country wouldnt accept a currency switch at this point.............all in all, you have to visit to know if its right for you. there is a growing expat community down there, especially in cuenca.
Thanks for the input. I am hanging my hat on Texas or someone completely breaking away. This is so messed up.
i have a friend who left suffolk county 5 years ago for dallas. he and his wife and two young kids couldnt be happier............the only downfall for him is that he is a diehard yankees and giants fan....but nothing the nfl/mlb packages cant fix.........his stress levels are down, his quality of life up.........yeeeeeee haaawwwwww........................
I hear ya. I have a small business here. I can't walk. I can begin to impliment a plan B. Maybe Texas is it.
careful with choosing austin, tx as your new home, i heard they are planning to secede from the secessionists ;)
It's crisis fatigue, you can only be afraid of the engame so long before you'd just wish they'd get on with it.
Remember this point from someone else's comment
"I liked him as soon as I heard that he bought a $1MM face value of nickels"
I think he covered the US in previous interviews. Same.
He's mentioned it, and spoke about it quite a bit, enough for us that understand to get his wink/nod. He's already stated 2 years ago we will have hyperinflation in the US, he said last year on his coming undone video that he thinks the US will continue to print. When asked what that means, he stated, sardonically and ominously that "well... then you're in BIG trouble."
The guy has a share ownership in a huge ranch in texas, owns lots of gold and firearms. His vehicle has a sticker on it that says "support our troops, especially our snipers". How much more do you need to know?
Truth is, he knows if he talks openly about the endgame most people who are trapped in normalcy bias, will think he's crazy, until he's right. What benefit does he have to going Ron Paul and shouting from the rooftops what is coming. All that will listen already get it, and are onboard.
Is Kyle growing a beard?
no shave November
It's his Sonny Crockett habit. I've seen him appear on BBC with three days' stubble.
Pirate Week....aaaarg matey
There is zero will to make the eurozone work. "Officials" are merely buying time to construct their bunkers to protect themselves from the popular uprising that Mr. Bass refers to. The people will be going head hunting one day soon but none of the real perpetrators of this disaster will be home.
What are they going to live with Newt on his moonbase??? There is no place for a hunted man to hide anymore in a modern world. It won't be like the Nazis fleeing to Argentina and Brazil. Once this shakes out, people, if they chose to, would be able to find them. Are they going to live like Osama, or Carlos the Jackyl in some middle east shithole? Don't think so.
I think along the same lines.
oh.... and by the same logic, the Jews are destined to be the first space colonizing Nation.
the Dow...
one big fucking joke...
banker owned politicians march and say absolutely NOTHING substantive and the markets shoots for the fucking moon...
what exactly r those mother fuckers gonna do - pause............................................................
borrow more couneterfeited debt coupon dollars from bitch ass Bernanke...
cant wait for this economy to crumble in total....fucking bullshit....
Mr Bass appears to be incompletely informed. Germany will not leave the Euro, and neither will Greece or Spain or any of the others. This will not be allowed to happen by the banking elite. The Euro is the trial run for the planned SDR or world digital currency. There are many more specific reasons but the derivatives book of Deutsche Bank will do as a starter.
you try telling that to a starving mob, while we place bets...
There may be mobs, but no money or banks when EUR exits and debt writeoffs make € 59.2 trillion of notional derivatives ( as of Dec 31 2011) go up in smoke:
https://annualreport.deutsche-bank.com/2011/ar/managementreport/riskrepo...
Why do think there has been all the posturing to keep Greece in since 2010? Their debt must be maintained in EUR denomination at all costs and every last ounce of collateral secured. If they return to the drachma they will be bought out by the highest bidder of US, Russia and China.
It would be to Germany's advantage to exit the EMU and escape their debt liabilities, while leaving Deutsche Bank and their other insolvent turd repositories behind. Banks are easy to replace. I replaced BoA with a small, well-capitalized regional at no cost in a single day.
"If they return to the drachma they will be bought out by the highest bidder of US, Russia and China."
Add Turkey, Iran (!) and Israel to the list of bidders for a foothold.
A powerful lot with an interest in the Euro's demise.
The Europeans are not chemically or psychologically subdued like
American serfs.
Lamp posts will be decorated with hanging bankers if this continues.
That would be justice, but by now it should have started.
The Europeans are subdued by government handouts fresh from the printing press.
Yeah, this is clearly evidenced by their insistence that they be allowed to retain arms for the purposes of apprehending said bankers. Its not like the first burst of fire into a crowd of protestors is going to mow down the front rank and scatter the rest to the wind.
Oh wait...
America is different partially for that very reason, over here things would get VERY violent and bloody very quickly. There is a big difference between a bunch of people throwing molotovs in a city and a bunch of people with weapons on par with that of security forces. Picture the riots in Greece where the protestors have scoped high powered hunting rifles, AR-15's and AK-47's, its a very different situation. Occupy type coastal urban hipster dipsticks are one thing, the flyover country population another entirely.
"a bunch of people with weapons on par with that of security forces"
you are realy dreamer
The controllers are not stupid - it does not appear they are able to force this through under current conditions, that means conditions need to be changed.
I think the controllers are going to do something fairly insane shortly, to force EU integration - a nuclear strike is probably coming to the EU - that would probably sort out the last resistance.
listening to logic & reason on msm is like a breath of fresh air...
I liked him as soon as I heard that he bought a $1MM face value of nickels.
http://articles.businessinsider.com/2011-11-18/wall_street/30413967_1_fu...
He gets it.
While I'm with Bass on the gist of his comments, the nickel play seems like a dumb bet. Since 2006 it has been illegal to melt down pennies and nickels. And it's also illegal to export more than a few dollars' worth. His upside is definitely not worth risking a felony, especially since as an outspoken, evil hedge fundie he's not in the gubmint's good graces.
It's not illegal to melt down Reichsmark coins or Rentenmarks, or throw Zim dollars in the fire. A defunct currency is no longer a currency. It's just a matter of waiting.
Love ya, Tod, but your thinking isn't wide ranging enough. When the nickel is replaced with a polymer composition "coin", the Treasury won't care what you do with the old metal nickels. In fact, the more that get melted the more the populace will adopt the new coinage. The destruction will be condoned if not encouraged. Gresham's Law and all that. Do you see them giving a crap what you do with silver dimes or quarters? Nope.
Its an interesting concept.
If nothing happens and business continues as usual, hes holding currency. Loses to inflation and opportunity costs. In any direction that the economy could go catastrophic, he wins. If equity collapses, hes better off in currency. His spending power would increase with deflation. The metal content is a hedge against inflation (the big assumption here is that the nickle would have to be dropped as currency - either for being too expensive to make or not being a meaningful unit of purchasing power).
The worst outcome is that he ends up holding currency which is hardly worse than bonds right now. Except the nickle is default-proof because he gets to melt it if it defaults.
Only $2,550,000 worth of monetization during those 150 seconds.
I think Bass is going to get burned on this one, but at least he has $1,000,000 worth of nickels to fall back on.
I think you might be right. What he says is what has happened historically. Problem with EU is, it's like the USSR, it doesn't move or react to reality. It's a seriously powerful political unit that is only in power due to the fragmented nature of national politics in EU countries. They're all coalition governments, so enamoured with power that they only care about the status quo. Only if Greece kicks off will the end game be brought near. Otherwise we're looking at 3-5 years like he says before the Germans get fed up as their economy begins to stagflate.
Endgame is coming, it's just taking forever. The Europeans are simply rearranging the deck chairs on the titanic, not actually doing any real planning. Italy could possibly kick off too. They love a good riot / insurrection in Italy.
You can't eat nickels.
So how is his yen short doing?
Looks fine to me. Both usd and eur are on a downward path. Really sucks that they need to play war games on their own collective to stay away from each others throats. It is more than just 17 that are not getting along. We have been a collective since e = mc^2 landed in government hands. Here is hoping for a safe path to steady state at the zero growth bound - well at least until spacex ramps up;)
Bass is the most concise and intelligent talking head out there. I love Schiff but a lot of times he gets excited and can't see the forest for the trees (at least at it relates to his interviews). Bass is great at putting things into perspective and explaining them so that even the morons on Bloomberg can understand.
there will be only 10 nations in this end time german led resurection of the 'holy roman empire'!
Breaking news: Large craters began forming all over Europe early this morning. Citizens were out in the streets thinking the end of the world had started. Later it was discovered that the cause was Helicopter Ben dumping ship containers of nickles upon the central banks of Europe.
Just in:
FURY OVER EU PLOT TO SNATCH AN EXTRA £5.6BN FROM BRITAIN
"A leaked document from EU Council President Herman Van Rompuy detailed proposals for raising the UK’s payment to Brussels by £800million a year for the next seven years."
British officials were outraged by the plans and insisted David Cameron remained ready to block the EU’s budget with a veto at a crunch Brussels summit next week. A senior Downing Street source said: “The Prime Minister is not moving an inch on this.”
Tim Aker, of the anti-Brussels campaign organisation Get Britain Out, said: “It is inexcusable to send one penny more to the EU. Van Rompuy speaks for no one in the UK when he demands more EU spending.”
http://www.express.co.uk/posts/view/358479/Fury-over-EU-plot-to-snatch-a...
He knows not God. He seems like he is from Texas.
"when they hit a bump in the road, it will tear them apart at the core."
_________________
So, in 'american' language, it means that if they are torn apart, it will be because they hit a bump in the road.
Dont look at the road, trying to figure out what a bump is and what bump will trigger the event, 'americans' do not work this way.
"When they take a dump in the road, they will blowout their gut from the core."
_________________
So, in Sino-Tibetan French-Indo-Chinese Uto-Aztecan Huguenot-Tolteccian Antarctic-European Chinese citizenism citizen language, it means that if they have a gut blowout, it will be because they took a dump in the road.
Don't look at the road, trying to figure out what dump is whose and what event triggered the dump. Just step carefully, and hold your nose.
AnAnonymous works this way:
http://www.liveleak.com/view?i=2c9_1328304616
Americans talking about Europe is very much akin to Europeans talking about the US .. in other words, talking nonsense about something they don't know and will not understand.
What happens when the music stops?
How do you pay the Maestro to get it going again?
White Niggers, Multiplier Effects & Money
Don't bother with your WIKI definitions or spelling corrections. For those still incapable of reading, we have popped the assumption stack of corporate History off all the way to black Egypt, at the time of Rah, new empire same as the old empire, something-for-nothing consumption niggers competing to be top nigger. Relative to Buffet and Gates, government monopoly niggers, Obama is the butler.
If you want to be an ambassador, you might want to read the job description before you put your money down. You get wine, caviar, and cheap company, the opportunity to pretend you are an important person before economic slaves lower in the pecking order than the ones here. You are buying a greater illusion of relative wealth disparity. You don't get to be James Bond, despite all the encouragement from the people there.
When the CIA operatives start acting funny, it means you crossed the line. You might want to blow up your car and change addresses. The CIA doesn't have to put a bullet in your head anymore. All it has to do is nothing, because it ensures that the US citizen is the target, and the generals get decapitated. That is how far the US has sunk into the slime. Good thing Bush hired those guys, as scapegoats for Obama, for, for, for...
If you allow the empire to define your language, which they all seek to do, you have lost the war before it has begun. The problem with the US economy is that the hypocrite US voter no longer earns moral authority in the world. New Jersey, Chris Christie, Hurricane Sandy; do you really want your children and grandchildren to be watching increasingly stupid re-makes of this sh-show?
So, as government recedes from your location, you will be left with the nigger on the hill with bank, but he/she has pissed everyone with productive capacitry off, and cannot afford the escalating cost of police protection for long, absent the receding empire subsidies. Some people's money is worth more than others. You don't value currency from a +20X multiplier/producer the same as you do for a -20X consumer. The white nigger in Elma WA has hanger upon hanger of other people's property he stole, legally, but he cannot afford 500 cops. My family tree is loaded with empire fruit, of empire knowledge.
If you want to look at what is just around the corner, graph tax receipts adjusted by the price of gold relative to the US dollar over time. Gold never holds its value, but neither are we going back to US dollar hegemony. At reversion, currency conversion passes through the talent capable of holding the gates to renewed economic mobility.
I know most of you have identified your gates and are orbitting. Be patient. We are going to blow all the gates simultaneously, relative to empire time constraints. You just make sure you hit them without delay. Your initial gate is the one that offers minimum and maximum profit probabilities at time of open, to equilibrium through the series relative to your time.
The only things in life worth doing are those that have never been done before, solving problems no one else is a position to solve. High fences make good neighbors. Adjust your fences and teach your children to do the same.
If the system still bars you, there is nothing wrong with collecting welfare. In fact, from an economic perspective, it's relatively more profitable to others than working for a public, private, or non-profit corporation, all of which have large negative multiplier effects, because of the inherent stupidity of empires. The participants assume profit in make-work by choosing to accept the obviously positive misallocation feedback signals, in ponzi layers, applying anxiety electrical shock to themselves with increasing frequency. The faster they go, the faster they must go, devaluing the currency accordingly.
But do something, anything productive that is of interest to you, and sooner or later it will become a business. Help a disabled person, clean the street, take care of an abandoned park, whatever. The empire crashes itself and rules you into its place at reversion, by process of eliminating reduction of peer groups. If you are a laborer, you don't want to belong to the empire, regardless of payment, in monopoly money. Let it set your rate by averaging the pay of high and low niggers. That's what empires are designed to do.
..Jersey gets the JPM bond guarantee, and the black hole gets bigger.
Lithium might help this.
Kyle looks like he has lost 40 lbs....he must be physically getting ready for the collapse
which collapse ?
That of his own country or that of Libertarian bogeyman, socialist Europe?
We are two competing continents, along with Japan, in this race to the bottom of once triumphant fiat hegemony, all banksta networked behind the all mighty greenback. Unfortunately we have shagged ourselves to death in this incredible oligarchical wankers autofest of fiat derivatives unlimited.
We are now in the dire race to the bottom trying to hide our mighty fiat canons of Navarone now become pea shooters, as all continents have pulled out the stops in CB QE to infintiy. There is no coming back for this perversion of world hubristic capitalism, levitated into hopium ether.
How can a Pope of the derivatives rip-off, HF baron of leveraged short term capitalism, icon of this mad age of steroid fed addiction in selfish "me too" rage, now cry out and say the holy church of capitalism, WS, is head-up-its-ass like a gyrating dervish twirling ever more frenetically in tantric dance.
This is hallucinating beyond Necker island's Oligarch and Virgin pagan dance; all to please the media gallery of his own invincibility. You'd think today that the dominant culture of the age is sucking your own dick in public to show the world you are narcissitically PURE; as its all for you, only you; you are virile, and you love life!
Wow, wow, wow, the irrepressible urge for freedom without responsibility meets its nemisis, like a parabolic growth curve its knee shattering asymptote.
"Yes we can" can become a virtual trip into LSD hallucination; self delusion.
I await the resultant big bang that brings us back to dire reality, from the 'Alice in Wonderland' trip into the other side of fiat capitalism irreality.
When Kyle Bass answers a question with "so ...", he's getting ready to throw it back in your face: "so, how many of your relatives would you go joint and severally liable with?"
I think there's an old proverb, Money flows to power.
His last comments are the kicker for sure. The Euro project was doomed to fail from the start without centralizing sovereignty and government along with it. Maybe that's a good thing in the end, when you consider the U.S. system is probably the closest model of what that outcome would be like.
Common sense talk. Shocking! He must not be a politician.
Would any of you useless hoodlums please post his monthly letter?
Bullish for Molotov cocktails..