Kyle Bass Explains The New World Order - Panel Presentation
Unlike the broad consensus of prognosticators who feel the road for the US is a decade or more, Bass sees a three-to-five year window for a credible solution to the debt saturation or else kicking the can will cease to have any impact. The reason for the proximity is the acceleration of what happens in Europe and Japan with that respective chronology his central view - which he sees a s critical in understanding for every money manager.
In this extended interview at AmeriCatalyst, he points to the optimistic self-deception biases that leave people unable to comprehend the scenarios as they either lead to a really bad outcome or a nominally bad outcome. Using the Lehman moment as an example, Bass explains how we have been conditioned to believe there is always a backstop or savior...now those backstops at a corporate and sovereign level (central banks and the IMF for example) are being called into question in their roles (being seen for what they are - as just promises) and it is the chasm between what we want to believe and what does happen that is enormous and leaves the extreme volatility, risk-on/risk-off market the way it is.
Reiterating how critical the psychology of today's situation, Bass goes on to debunk the optimism of globalization (at least for the Western world), destroy the myth of a 50% greek writedown solution, Japanese xenophobia and savings losses, structural versus cyclical implications for US equity deterioration, US deficits and housing's bottom, global debt saturation and how this tearing at the social fabric of the world will lead to - war.
Click image for video (no embed available)
This extended interview includes some of the following views (among many others):
On Greece:
For those who think a 50% write-down on debt will fix Greece, you have lost your mind. It is only a full wipe-out of the non-TROIKA-owned debt that is the only mathematical way for Greece to have any chance.
On the IMF and its role as global savior
He discusses in some detail Keynes and the IMF formation and the new world order he foresees as our era of the largest peacetime accumulation of global debt has no precedent (as it has historically ended in conflict or been created by conflict).
And how this debt saturation will inebitably play out:
Fundamentally, its about the social fabric of the world...what does this all mean? It means war.
And summarizing for every long-only talking head pitch-man:
This is not a cyclical rebound from a crisis we had two years and you should NOT be buying stocks because a P/E ratio is low relative to historical S&P behavior because the E is wrong. We are going to see declines and people don't know how to position themselves for declines. We are at peak earnings now! Earnings only look good because if you take all the bad assets and put them on the public balance sheet.
We need to delever globally. We haven't delevered. Just now we are seeing marginal delevering in Europe and all hell is breaking loose. An summing up:
Consensus is US low/slow GDP growth - no recession, US better than Europe, Europe mild recession, muddle through, go all in to Emerging markets as that's where the convexity is.
The consensus is never going to be right.
I don't get paid to be an optimist or a pessimist. I get paid to be a realist and the realist negative currently.
Don't believe these governments when they tell you everything is going to fine. The day before Mexico devalued by 60% they denied that they would ever devalue. They can and will never tell you the truth. Find your own numbers.
(h/t EnnuiHenry)
(51 votes)
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END THE FED - END US EMPIRE.
New World Order=Old World Order
End the Order
ON AN IMPORTANT AND RELATED NOTE:
The 'Republican Jewish Coalition' has declined to invite Ron Paul to their nationally televised debate on Dec. 7th. Apparently, Paul is 'misguided' and'extreme'. More here: http://www.infowars.com/republican-jewish-coalition-bars-ron-paul-from-d...
You can email the RJC here: rjc@rjchq.org
And you can reach their ladies' group here: Women@RJCHQ.org
Forget Ron Paul. If you are looking for a courageous leader during these tough times, in my opinion there are none as grossly underrated as President Herman Van Rompuy. While the European sovereign debt crisis has dominated the headlines, Pres. Van Rompuy has been a humble and modest advocate for progressive reforms to drive social change and consolidate core European values. Above all, Pres. Van Rompuy should be admired for his persistence and courage as a promoter of strong central governance in the face of ever rising right-wing ignorance. If Mr Rompuy ever considers moving to the US and running for congress, he has my vote any day.
LOL
Why does Van Rompuy always look like he just ate a cat turd?
Eating cat turds is the initiation to get into the global banking elite.
Thank you sir. May I pleaes have another.
Or
Could be Nigel just pisses Rompuy off.
because he did
Global currency collapse has reached critical mass.
The slowmo trainwreck will turn into lightspeed supernova.
Digital/paper will become completely worthless.
Time to go long Somalian dollars!
http://www.ebay.com/itm/2010-1-Federal-Republic-Somalia-Muscle-Car-Coin-...
http://www.apmex.com/Product/56639/Somalia_2004_One_Dollar_BU_Fantasy_Gu...
Slomalia? I thought Iraqi Dinars were the great currency to come?
But, regardless....war.
I think there is a binary moment, from which there is no going bak, that is coming up on us. This much structural tension can go only one way.
ORI
/the-plan/
End the FED? The FED's not listening. Subliminally the FED's been telling us something all along. We just didn't realize it. Until now...........
FED spelled backwards is DEF.
OR, F**ED!
If only they knew the half....
http://www.godlikeproductions.com/forum1/message1695725/pg1
From the video: The Black Swan of Cairo
http://www.google.com.ph/url?sa=t&rct=j&q=black%20swan%20of%20cairo&sour...
This looks rally scary. I could have written it myself, I mean the Kyle Bass piece.
Reminds me of this too;
Gold Just Went Over $2000, By Tonight That'll Cheap; Rollover-1981
http://www.youtube.com/watch?v=WI8dfFN7H1w
I think Secretary of State Hillary Clinton has changed. Looks to me like she's working on her legacy. Dare I say it, I like what I see so far. I may need psychiatric help.
True story;
I was in rehab a few years ago for alcohol detoxification and I had a 24 year old room mate who was an Iraqi war veteran.
He was diagnosed with Post-traumatic Stress Disorder after two tours of duty and receives $34,000 a year for his disability.
This guy looked like Mike Tyson, every lean 250 sculptured pounds of him, would do his push ups at various times of day, one Mississippi, two, Mississippi, Thirty Three Mississippi, you get the picture.
This guy is a laboratory experiment. A very highly tax payer paid laboratory experiment. They pump him full of psychotropic drugs on a daily basis. He kind of has a good time playing his role.
It just occurred to me, this is how you know you just can't make this shit up. Cause it really happens.
Face it, Our Country is Fucked.
You know, I'm still waiting to see the 1080P Sony Handycam video of Osama Bin Laden's dead body before they dumped his carcass into the ocean.
Isn't modern technology wonderful?
Looks like Bill O'Reilly is trying to stir up a hornets nest for his own self gratification just in time for the Iowa caucuses.
The age of cable news is over.
I posted this video and some basic info (citing youtube and ZH) trying to get people clued into some things Kyle says. However it fell on deaf ears as many probably did not want to watch the hour long vid or could not understand the big words and acronynoms lolol - its like, hit pause and google something if your confused...
Ya need one mo' *
One thing: Bass either was dishonest about not knowing of any "white swan" event or he's keep it under his hat. That white swan is the development of a practical, self-sustainable fusion reactor. Bass is 100% right about it all that suff in the video and is a brillant man, but opening the floodgates on 'free' energy would be more than a gamechanger. Sadly, this would also prevent the removal of the pigs and vampires currently infecting the system.
http://www.youtube.com/watch?v=84zZPUYimWU&feature=related
Van Rumpoy looks a lot like the Euro that stole Christmas
MDB you are the best ZH humorist du jour.
"Dont believe anything that government says, They all lie"
"Think for yourself schmuck"
(Captain Hagbard Celine of the yellow submarine)
I miss Robert Anton Wilson. RIP
He may return someday.
He had his head frozen.
That was funny. What's with the hate?
Ron Paul is being set-up to be the next President, also another "controlled" TOTUS. He is being set-up nicely by the media, but most are missing it. Think of a Pendulum, you need to get to 9 o'clock...so you swing it back to 3 o'clock first. Also, Mr. MDB: it is clear you are a troll for the New World Order or a GS paid party pooper, because no normal and sane person could spew the fecal matter that expundges from your hole. Never the less, I love you posts!!!! ?
No, he and Robo are here to spice things up when the action slows. MDB is just a sock puppet. I'd say he IS Robo, but he's nowhere as clever so I think it's a different wizard behind the curtain.
I have fun jacking with Robo, he never hammer's me like he could I'm sure, so must get a kick out of it also lol.
Ron Paul has a great message and I agree with it. But I absolutely do not want that message to be associated with what's to come. If freedom and decentralization is blamed for the collapse that's coming then we are truly fucked. It doesn't matter who is president but they're going to take the blame for all of it and Ron Paul represents more than a person, he represents the idea of liberty. If Ron Paul is elected as president it's defcon 1; head for the hills world totalitarian state imminent. This will be no fault of Ron Paul's and is beyond anything he can control but he and the idea he represents will take all the flak. I'm only speculating so don't take me seriously but I know a lot of you will not like what I'm saying. Just remember this if he is elected then take appropriate measures to protect yourself instead of letting your guard down and you should be doing this anyway.
Obama 2012
I agree. The outcome is already guaranteed, pain no matter what, and so whoever is in office next term is likely to take the blame (unless shit blows up before the election, which is quite possible), especially if it's a regime change and then we hit the wall. We're going to hit the wall no matter what, so if Obama is re-elected, he'll take all the blame, which is fine by me, because he had a chance to change course, if fact promised to do so, but instead has upped the ante on the current course. So fuck him. Unfortunately, I see a scenario where things are bad enough before the election that he is replaced, and then the shit hits the fan and the next guy takes the brunt of the blame. Fine by me if it's a run of the mill Repub, they're no better than Obama, but if it's Ron Paul, Liberty itself will take it on the chin along with him.
I tried to warn everyone.
http://joesixpack.me/orig_letter.html
So if collapse leads to WW3 in the near future, wouldn't you want a nutcase like Newt to be commander in chief? He would nuke the crap out of just about anyone, think Dr. Strangelove.
Ron Paul doesn't have enough crazy in him for WW3. In the meantime, anyone know how deep of a bunker you need to protect from fallout?
Deep enough to live in for a few thousand years till the radiation is gone.
Actually, the worst part is over in 2-4 weeks.
http://www.ki4u.com/goodnews.htm
http://www.ki4u.com/guide.htm
http://www.ki4u.com/survive/index.htm
"The majority of people requiring any sheltering at all will be many miles downwind, and they will not need to stay sheltered for weeks on end. In fact, most people will only need to stay sheltered full-time for 2-3 days before coming out to safely join the evacuation."
I could do a month in one of the local abandoned mines. We could get fallout from LA, Vegas or Phoenix, depends on the winds.
China looks like they are gearing up for a fight, plus they need to trim the population, too. Given that they will most likely play in the sandbox, maybe we won't have to bunker down here in the good ole USA? Although the bi-centennial of the War of 1812 is coming up, so who knows?
You had me until "Obama 2012"
If the coming collapse is bad enough it will result in freedom and decentralization, but we may not like it.
Ron Paul is being "set up"?
So what you are saying is the powers that be are employing a sort of brilliant reverse psychology offensive against us. Interesting!
The skewed polls, the lack of references to Paul in the media, the relatively tiny face-time he's given in debates. The media constantly parroting the phrase " Ron Paul is not a serious candidate, he can't win". All of this is designed to convince people that Ron Paul should be our next president.
+1
Some people will see conspiracies no matter what.
The reality is the media suffers from normalcy bias the same as everyone else. They feel comfortable with establishment politicians. Ron Paul is scary to them.
I actually think it's a good thing that they're freezing Paul out of the debate. How much time would they have given him anyway? 90 seconds?
I think Paul can get as much if not more mileage out of his exclusion than he ever would have from anything he would have said at the debate.
There is a huge and growing vote out there that is simply 'anti-establishment' and Paul's exclusion from the debates for his own party's candidacy, even while polling in the top 4, absolutely cements his status as the anti-establishment candidate.
... wasn't he in that Bruno movie !
Oh no another hollywood has been
something to watch for sure. The masses have been played so many times, only a fool would blindly reach out for what appears to be the solution to the current problems. must make sure you are not being set up for the next stage. just saying, keep an eye for what lies ahead.
million dollar piece of shit.....
Fucking Christ, Van Rompuy, the loser Nigel Farage calls a bank clerk?
Loser? Van Rompuy is my hero. He does not submit to ignorant right-wing bullies like Nigel Farage. Instead he quietly focuses on the job he was appointed to do. This is the kind of leadership that is so lacking in the world today, and I'm not afraid to express my appreciation for his courageous work.
Only the weak have hero's...
Yeah, I call them Christians.
So you want an appointed, unelected 'leader' to tell you what to do.
Got it.
1932, here we come.
You sound like you voted for the Muslim in 2008.
I don't follow.
Hero worship, I think.
"Instead he quietly focuses on the job he was appointed to do"
Is that to shaft all Europeans?
MillionDollarBaby, nice you said appointed to and not elected to ... lol
Hero? Quietly focus? You must be a family member ... lol
MDB´s priceless hilarious tongue in cheek BS... thanks for the 30 sec laughter
Don't you have another house to haunt? Right Wing////Left Wing////YOU JUST EXPOSED YOURSELF FUCK STICK..... sarc//on// off,,, i don't know
LOve your posts Million Dollar Bonus! Especially your glowing support for the "great leader" Van Rompuy. Never has Europe been more blessed than with this unelected leader of great repute. A man for our times, a leader blessed with the common touch and a man of the people.
Van Rompuy is the 21st century Napoleon, the 21st centry Otto Von Bismarck, the modern Abe Lincoln and Europe's George Washington rolled into one. A great man and a born leader of the Euro Zone! All hail the Dear Leader!
Yes, all hail the Dear Lender!
All nail the Deer with a Fender! (where's that deer in the headlights pic when you need it?)
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/drag...
Adolf Linkö ln, bitchez!
Here is the problem. If not for the EU and power whores like Van Rompuy Greece would have already been on it's way back to economic viability. They would have defaulted like Iceland and been on the way to recovery. However,because the powerful elite now composed inside the ECB and EU offices the Greek people continue to be left swaying in the winds of an unsustainable debt situation. Why would they do this to anyone? Because it's all about their power. I don't think this really is a description of a hero?
Do you write comedy for a living?
Thanks BDP, you manage to quite accurately capture the vaccuous doublespeak of all our favorite unelected Godeaucrats these days.
Do you know who is van Rompouy by profession? He is.... are you ready for this? ... a poet.
Of course, if you elect Paul and do away with Federal Jewish Cabal handing money to the Jewish banking cabal, they will have to work rather than steal for a living.
Will the moleh still get to suckle blood from the freshly circumcised little baby boy's penis? Mezizah, as they call it.
hey, lay off the Jews as I am a fellow Jewbinski, OK! Now...where are my matzo balls?? :)
Who hath woe?
Who hath sorrow?
Who hath contentions?
Who hath babbling?
Who hath wounds without cause?
Who hath redness of eyes?
They that tarry long at the wine;
they that go to seek mixed wine.
Look not thou upon the wine when it is red, when it giveth his color in the cup,
when it moveth itself aright.
At the last it biteth like a serpent,
and stingeth like an adder.
Thine eyes shall behold strange women,
and thine heart shall utter perverse things.
Yea, thou shalt be as he that lieth down in the midst of the sea,
or as he that lieth upon the top of a mast.
They have stricken me, shalt thou say, and I was not sick;
they have beaten me, and I felt it not:
when shall I awake?
I will seek it yet again.
—Proverbs 23:29-35
Yo if you had any balls ya wouldn't be here
Whoops
Are you referring to all those receiving food stamps/oil under $500 a barrel/free education in socialist europe/medicare/ and countless other socialized rackets?
If you are, I agree. Time for oil consuming slobs to work in order to pay a real price for oil instead of stealing it from oil producing countries.
Hope you are happy when $50/gallon comes to you next time you fill your SUV's tank.
5$ worth is stI'll 5$ worth
John Davison Rockefeller....
Not a Jew!
But maybe a made man and capo in the Redshield Priory?
What can Ron Paul do, print money outside the fed, been tried before, Kenedy was shot because of it. People have to realize there is no government anymore, it was hijacked long ago by the global banking cartel. Apart from all out revolution the only way to stop the corruption is for us all unite and say no, refuse play along their game until they vacate government officers and go back to the hellhole they came from.
Not only Pres. Kennedy... But before him, Pres. Lincoln..
And before him, Pres. Jackson (almost)..
And, each time, We the People, are fed the same line:
It was a lone crazed gunman...
"refuse play along their game until they vacate government officers"
Yep ... let's all just sit in the corner and hold our breath!
BTW, how did that work out for you as a 2-yr-old? Got the "blues"?
How about getting your [formerly] sovereign state government to throw them out of their DC offices?
SECEDE NOW!!
i am so shocked...........
a former jew talks about the political future of our dear doctor paul.
http://www.realzionistnews.com/?p=677
as they say in brooklyn............fagettaboutit..........
Hmmmm.
If I were a Jew, I would not invite him to anything.
RP has repeatedly publicly stated he would end blatant support for Israel.
It is this one fact that would make me never vote for him, regardless of how much I love all of his other policy positions.
I like order. Law and order. Has worked for thousands of year.
But it needs to be the rule of law and not the law of these rulers.
New world bullshit, control of human rights from the gods gift to freedom.
Rights to be useless, homeless and to be internet trolls. THere are no rights to say you work and deserve more useless stuff. The whole system is well above clusterfuck status.
Karma is going to be a real bitch, this time.. bitchezzz
But it needs to be the rule of law and not the law of these rulers
Nice ruffcut..well said. Natural law too, at that.
ORI
Subjects have no rights
Who are the knuckleheads who don't understand that US Empire is the very reason for the existence of the US FEDERAL RESERVE - and Pentagon & CIA. Who does not understand that?
Who thinks that a nation needs 1,000+ military bases spread out over 95% of the countries of the world - just in order to protect itself?
Who does not understand that such an empire serves the institutions of such empire - i.e. the owners - and of course their best paid minions?
Who does not understand that the purpose of the FED is to finance the hyper-consumption and under-productivity of such empire?
Who does not understand that the enemy of "we the people" is this country's very own institutions who serve the hyper rich elite and their capital collectives and pseudo-persons a.k.a. corporations, who by a super majority are all bailed out by the citizen taxpayers - while they evade taxes?
Who is so dumb and proud of US military hardware and USDs spent on it that he/she cannot possibly think logically about who serves who?
Is it not clear that US empire does not serve "we the people"?
Or is it just that losers like thinking they have part in the glory of institutions, which usurp the name and the control of the very nation, who feeds them?
Must the US default and go bankrupt or start WWIII before the collectivist, nationalist, vicariously wealthy in domination proud, finally realize the cost of the pretense of supremacy?
Disconnect, vanity and delusion - your name is US Hegemony & Empire.
Or - in simple words: end first US Empire - because NWO ends with it.
Cheers.
I enjoyed your comment! Please forward your address from FEMA camp Active Freedom when you arrive; I wish to correspond with you, yet remain un-red carded.
You have already been red-carded just for visiting ZH, you pussy. So you may as well make the most of it!
Even silent, unregistered, viewers are "tainted" by the truth - and their IP addresses linked to their FaceTwit accounts on the same list that we are on - so ... why not log in, make a statement, and give us a hand, eh?!
Indeed, truth is like a viral infection that goes about giving men ideas.
We are , as has been publicly stated many times by our 'government',
the brains of our collective entity, in a war for minds and souls and ATMA's
and spirits and wines and sugar plantations and satiations of rampant
unchecked desires according to their plurality, and as such, ideas are
intellectual property subject to patent and the patent on truth was awarded
some carpenter from Galilee however since truth is really counterproductive
to battles and wars and possesion of souls and satiation of all wanton rampant
desires must be suppressed , no longer being of value to the state in the
one all seeing eye of the brain above, the Sauros Sauron WrathChilde collective.
Our brain, infected with mercury and flouride and deep dark depression
having gone entirely suicidal , well, the hands and the feet and heart
are in revolt, saying 'What ails thee, my beloved brain? Thy intellect we
do adore, yet what madness is this that infects thee? Remember your blood?
Substance of your life? You propose to live without it, to replace it with
artifice made by thine own hand! Thus we revolt! Whom the cancer?
You or I? For once we did kindly agree on our needs, but now you
have masturbated to the point of total blindness, and burn the hair
from your palm daily, which grows to say 'No , share your seed as
we intended' ? Ah brain, you 5lb mass of oxygen consuming fucktard,
how shall we live without thee? In total anarchy, cell colony dissolved,
each cell to go its seperate way..perchance to recolonize the earth
in a time of peace for a millenia...an eaon without you'
@RafterManFMJ - full metal jacket
At this point Soldiers are needed, not sarcasm. eureka is speaking truth and nothing is more precious than truth. If you're afraid of being red-carded for supporting truth then you're already a casualty.
Um, I was pointing out how far we've fallen while trying to introduce the term 'red card' can even 'blue card' into the mix - some will no doubt be curious enough to google such things. If you probably even know what a RED CARD is, well, you probably already have one.