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Kyle Bass Un-Edited: "Buying Gold Is Just Buying A Put Against The Idiocy Of The Political Cycle. It's That Simple!"
If the abridged summary from BBC's Hardtalk interview with Kyle Bass that we published yesterday was not enough for those seeking sense, truth, and direction, then (as promised) the full 24'30" interview will quench that desire. Reflecting on the similarities of his subprime perspective, he provides a crucial context for the debt-laden world of sovereign debt that he is now hedging. Shrugging off the somewhat snarky 'nefarious short-sellers' angle of questioning (and insuring the uninsured prod), he simply and elegantly points out how massively asymmetric the bet was, how the asymmetry in Europe has disappeared now, and all the asymmetry lies in Japan. From the 14-minute mark, describes the demographic disaster, destroys the savings myth of the land of the rising sun, and brings into focus how Italy's rapid demise should be a forewarning for the debt-servicing of Japan.
Ending up on the Fed's printing and the need for guns and gold, there's a little here for everyone!
"Buying gold is just buying a put against the idiocy of the political cycle. It's That Simple"
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SHEEPFUKKER
Simple,
She's a Brit, and she's a Socialist, left wing bitch.
Hates gold,hates guns, and should have been bitch slapped for not getting an education in reality.
BUT, that's what the problem is, SHE already has/had her mind made up, and don't try to change it with facts.
When she lives it,when it's happening, she MIGHT get the hint.
SHEEP'S GOT SOME FUKKING TO DO THEN IS WHAT YOU'RE SAYING DOS.
She is trying to supress the truth. TV is just a propaganda tool watched by morons who enpower our overlords by watching. It is the best mind control tool ever invented.
Because her show is called HardTalk and she is meant to look tough. Unfortunately, instead of looking tough, she came across a bit foolish and discourteous to her guest.
Right now gold continues to trade in exact lockstep with "Risk On/Risk Off"
Until that changes, I'm sticking with it.
Huge short squeeze in stocks will ultimately blow out all the gold short sellers and gold will trade to new highs.
However, an equity/credit market meltdown will cause instantaneous selling in PM's and panic liquidation.
I'll change my opinion when the market changes this lockstep behavior.
Yes, but opinions don't matter, only positions...
Excellent point.
I am ten percent gold and ninety percent cash.
I am surprised that I do not agree with robo this week. I changed my mind about changing my mind a couple of times and swore off speculating, but this in itself is a speculation.
Watch Italian spanish and french bonds closely. Any return of confidence and we should see a meltup.
I have lost hope of a meltup which means it should occur soon. Be nimble. Be quick!
"I have lost hope of a meltup which means it should occur soon."
lol. you're trying to catch yourself by surprise?
Deploy your positions and go have fun: fishing - you may learn to be more stoic.
Seriously the only time i have made money is when I am scared and alone, thinking I am doing something foolish.
Like most retail I have negative alpha, but I have learned how to do the opposite of what my inner retail investor tells me to do.
I feel comfortable with this doomsday allocation. That usually means I am doing the wrong thing. I meant to get back into emerging market and spy, but italian bonds are misbehaving still.....and it appears the market is unaware that germans will not allow the ecb to monetize.
What is this love affair you have with all things paper...tracked tick for tick on some statist geeks ledger somewhere?
Just wondering.
Lol....that one got me to thinking.
Horses bore me.
Real gambling has a guaranteed loss ratio, except maybe blackjack.
I am no good at blackjack.
What is your obsession with shiny things?
I have a thing for sunglasses.
You should always hold on sixteen ;-)
no need to wait to change your opinion. you already did by writing that stocks and gold will go up unless they don't.
robottrader: the lowest common denominator of investing.
I really hate to agree with this rationale but for the time being it is hard not to.
you have to call a spade a spade and for the short term anyway gold is acting no different than spy. I don't think it will be this way for much longer though.
Precious metals traded very differently from other risk markets when the decline accelerated in August, s&p downgrade of us debt perhaps being part of this. Back to close correlation now, but I think there is a pretty good chance they will diverge again when things start to get really heated ... A lot will have to do with how long the myth of US decoupling or superiority in this financial crisis can last. I bet it won't last too long - the US is the a biggest financial sinner in the world, both on a relative and an absolute basis. They get away with it longer because they have the global reserve but they've behaved far worse as a result.
Ultimately, the reserve currency wil collapse. Not managed decline but collapse. Anything is possible, but you'll probably be happier with gold than paper at at that point.
I'm waiting for the day that one of the Tyler(s) admits that Robo is their favorite sock puppet. Just look at that writing style "to trade in exact lockstep with Risk/on"
I incline towards that belief about MomoTraitor as well --- that "he" is just a pseudo-troll sockpuppet of Tyler(s), who use "him" to draw out the well-justified ire and outrage of those most disgusted with the whole corrupt and psychopathic paper Ponzi scheme. His refusal to engage any of those who respond to his mindless stock-pumping, stock-pimping bullshit is a dead giveaway that "he" does not really exist as an actual person, IMO.
You have made a valid point and I was going to respond to your earlier post. I agree with your latter comment. Holding both Gold physical and the miners would be like handing out life jackets on the Titanic in a market meltdown - though I have a sneaky suspicion the physical holders would eventually be ushered towards the lifeboats.
The lockstep behaviour will only be broken if there are one of 2 factors - a run from US treasuries to gold (highly unlikely for numerous reasons - one simply being there is not enough physical gold on this planet unless an ounce is priced $10,000 upwards) or a major power backstops it's currency with a gold standard therefore confirming it as "real" money and voiding it's speculative nature. China anyone??? The flip side would be if China did that it would massivly devalue it's current US, Japanese and European treasury holdings overnight.
Anyway...the debate will continue by many smarter than I. I just wish I had the ability to junk the BBC interviewer. Bass handled her well and unlike many 24 odd minutes I won't get back in my life this was well worth it....
buy physical
Excellent!
What a lame attempted ambush.
(deep announcers voice)...Idiocracy...only on pay for viewww.
Bass... cool as a cucumber under pressure...dude's bad ass
well at least she has nice legs
she has nice hair too. a sexy uptight Brit.
this is the classic conversation that I NO LONGER have with joe six pack.
I learned to stop trying to get through. They can't hear you.
And neither can she.
As far as the insurance question.
Kyle Bass: "Hey I just trashed your stupid ass question (which was an insult on my ethics), would you
mind apologizing for the insult?"
And the !!!!! just moves along to the next insult: "Welllll it whaaaat gets you (dirt ball) invited onto a program (Angels Cry Out in Ecstacy!) like THIS!!)
Psychopath!
She was VERY annoying.
Anyone know a feminine term to sub for 'wanker'?
Poker
wankette
wankette
wankster
No dude - you don't get it. TV is there to brainwash the masses. It is usually very subtle. 99% of the people here get it but the typical TV viiewing moron sheep thinks Bass is the devil after this. Morons who watch TV give the elites/overlords their power.
She works for the elites. Her job is to lie and to brainwash you. Attractive people are more effective than some fat old broad at brainwashing the sheep.
AND I’m a little concerned that Kyle as fiduciary for U Texas did not take delivery of the $1B he bought but has it at the NY Fed, I believe.
Dont hate the mirror because you are ugly.... Love the Texisms
Bass is one of my heros. I would have loved to have heard the entire interview but I just couldn't stand the bitch any longer. I'll catch the second half tomorrow.
Pizz off on that mate. Watched the whole bloody thing with me sound off.
Wow! Stunning to hear such vitriol to answers as clear, simple and natural as "water is wet". Boy is it obvious she is a watergirl for the NWO predators. Sheesh!
Just earning her paycheck. Following in the example and format put in front of her without any question or understanding for the deeper issues. It makes me laugh to think that journalism is any way still equated to some sort of intellegence or desire to uncover the truth. These are talking heads folks. People who aspired to be seen on TV, looking pretty and popular. Cheerleaders. Real journalism died long ago - save for a few here and there. TV is the worst offender.
I have met many brits like her.
They are true believers in the benevolent, omniscient, state that solves all problems.
His statements attacked her religion. She cannot believe that primitive wackos like this exist.
If the system crashes she will not change her mind. She will blame it on evil speculators and unpatriotic types and she will be the first to call for more government rules and taxes to address it.
what's up troll
Ahhhh, the Twentieth Century Motor Company!
Its a shame, because Steven Sackur who usually does BBC HARDTalk is very good. Always extremely knowledgeable about his guests and their fields, very aggressive but fair with questions. Not sure who dug this slutbag up.
"You can't hate the mirror just because you're ugly."
Kyle did a great job, smart guy.. but talking to a biased liberal socialist with an obvious agenda..
this guy is smart, i like him
A fiduciary asymmetric risk adjusted sub-prime sovereign gang-banger.
Kyle Bass negative on Japan....Hugh Hendry negative on Japan...I wonder which country is gonna shit itself next?
Finances are ugly everywhere, but I think it is the trade balance that matters more than anything. Japan is still a big surplus country. That may change with demographic decline but it's still reality today. The biggest trade deficit lies with the US of course, and it lies at the core of the global financial problems. Maybe that means the US will be last to fall but on fundamentals it should be the first.
And now that the rain's starting to fall on the west coast , geiger counters are starting to register. Evidently, physical Fukushima is still paying dividends regardless of what the paper accountants say. (or don't say)
I like this dude.
The snag interviewing KB needs to get laid! She got her panties in a twist all about how much money he made instead of following up on key points about where this run away train is going!
that woman interviewing him is an idiot. lmfao....lmfao.....lmfao...she thinks she sounds intelligent bc she has an accent.
That BBC skank should have uncrossed her legs when she asked her lame "guns and gold" ambush question.
"Gratuituous Beaver Shot", eh?
Doesn't Kyle blow beavers up with Tannerite?
If Europe is destroyed then US and China gets the new oil surplus created.
It does not matter that yee waste most of the BTUs - yee get it and we don't.
The FRN is looking tasty from a European Euro holders perspective.
Why exchange scraps of paper with one set of pictures on them for less colorful scraps of paper with another set of pictures on them?
Personally I prefer heavy metal.
Plomo y plata!
Our Austerity in a world without final payment means yee can grow.
Its the Euro that has been driving the Gold price - if it falls the dollar will be king again.
With Goldman / US treasury boys in charge over in Europe - the NYFR clan gets to win again.
Me thinks now the Euro was designed to destroy Europe through leverage and therefore strip its capital base as "our banks" exported their capital to China and its 2 coal fired power stations a week.
The Gaullist thingy was a illusion to carry certain sections of the political elite.
The Bundesbank was always a CIA creature anyhow.
We have been the victim of a Huge Honey Trap.
My philosophy on this is that if there's one other person who believes what I believe, then there are many others in line behind that other person. Despite what the mainstream wisdom may be telling investors, there are plenty of people who believe precisely what is potrayed in this video. And if you are not doing what Kyle Bass is advising, you are WAY behind the power curve. The power curve, by the way, will not favor institutional investors this time around. It will favor those with assymetric or non-typical investing strategies. This is assymetric economic warfare, my friends. Nothing less.
And by the way. This guy's strategy is the antithesis of David Tepper's Appaloosa trading strategy which was cited a day or two ago here on ZH. Kyle Bass's strategy shows successful foresight and anticipation into future market moves. This is the mark of a successful trader.
This guy is so damn quotable.
"Capitalism without bankruptcy is like Christianity without Hell"
Don't know if he was the first to say it, but it certainly is quotable.
Not surprising he has roots in Tejas.
The program is called HardTalk. It was hard for Bass to talk and even worse to listen to the BBC bitch.
This guy's pretty good.
Topcallingtroll, why art thou such an assholeth?
So poor people aspire to be doctors and lawyers, realize over a few generations that this is "another form of wage slavery", and "move up in the world by joining in the fiat Ponzi". What is so twisted about this is that you speak approvingly of this situation. You are a true Illuminati Amerikkklan.
How I enjoy my Internet idiots.
That bitch is manipulating the conversation away from the banks. The BBC sucks ass!
I dont approve or disapprove.
The Indian asked why all these Indians are going into finance. They are just a generation or two behind Americans.
Our first couple of postwar generations did it the hard way and became doctors and lawyers and engineers. Their children saw how much work that was, and they aspired for more.
Kinda off topic: Kinda not. When the settlers arrived in the new world, they saw pristine rivers and lakes. uncluttered majestic views. Fish and game were plentiful as were the fruits,corn and timber. There were no taxes and the women did all of the work. The white man thought he could improve on a system like that.
this guy is just fucking smart
Plain & Simple
I'm a pessimist and am preparing for financial armageedon because if I'm right I'll be happy. If I'm wrong I'll be happy.
Getting angry at the mirror for being ugly? A+++++++ Classic.
That was indeed the money shot.....
I don't think she took it personal but she should have.
She's horrible. And, dumber than a brick wall.
She no doubt performed many fine blowjobs to arrive at her job status. She was obviously over her head when talking to Kyle. Everything he said went over her head like Southwest Airlines.
Vous êtes trou du cul!
Take your filthy, drooling, pornography obsessed comments; along with your abscessed, 11 1/2 cm syphilitic prick, back to Smokey(Jim)Quinn's obscenity loving blog.
You have obviously lost the link due to your sticky, cum splattered keyboard... go to:
www.TheBeastilityPlatform.com
Those 9/11Morons from the Penn State athletic department miss your racist and pedophlic postings.
Stupid fucking English stuffy Cunt! Great interview by Bass!
F*****G Hilarious Verbiage, EGB!
speaking of japanese population deficits , he didn't say anything about fukushima. so many people simply are ignoring this catastrophe.
Maybe they're not ignoring it, so much as reacting with passive osmosis.
reacting with passive osmosis...
Kinda like the government sponsered and paid for billboards still popping up around town proclaiming "thousands of males in the US will die this year from stubborness" ...presumably because they don't want some third world "educated" "Dr." injecting a diget (or other multi -functional recordation device) into an orofice that was designed to be a(n) (opposing) one way directional delivery conveyance system.
70 to 80 or so orbits and we all meet up with the unapproachable light. Death is not a disease, it's the ultimatum.
On a long enough timeline...
just sayin.
So we have BOTH Kyle Bass and Hugh Hendry banging their shoes on the table over Japan.
Leaving gold/silver out of the equation; what's the trade?
IIRC, Hugh spoke of 30-1 payout potential. What's a low budget 'investor' to do?
Buy long-dated put options on Japanese banks. Then sit back and wait. Kinda like cat fishin'.
Meow.
TY
can one do that with a typical trading account?
Show's called "Hard Talk". Not "Softballs Lobbed Lovingly in Your General Direction", or "Larry King Live". KB is a big boy, he can take care of himself. He's got answers to her questions, and if he didn't have good answers, wouldn't you like to know about it? Press ought to be asking difficult questions, and ought to expect KB to say what he thinks.
tl;dr Don't hate the uppity brit cougar. Hate our own press for being lapdogs to TPTB, The 1%, whatever you want to call them.
It wasn't about being a tough interviewer, with tough questions. It degenerated into her using "Gold and Guns" tried and true meme to serve up a mental image of a wacky survivalist, 'With a Bunker"....
Hey wait a minute, you don't suppose her prep for this interview was the piece from ZeroHedge?
http://www.zerohedge.com/news/some-words-advice-kyle-bassThe BBC isn't carrying water for TPTB? That's news to me.
How would you like to sit across the table every morning from that witch--for the rest of your life?? Bang!! Milestones
She was a royal B. Kyle was very patient. He says just look at the facts. There you go. The interviewer hated the fact she couldn't make him look like a nut.
Frankly I don't find her doing a disservice to people like ZH'ers and those with more than just a functional medulla o. It's so obvious what she's attempting to do, what her bias is, and how badly she takes the 'corrections' by Bass but it gives a bigger audience a chance to hear guys like him tell it like it is. I'd rather people got to see him talk then never see him at all and those people can't discern who the smart one is, well, there ain't much hope for them anyhow. You see RP on Fox and CNN, guys like Faber on MSNBC, etc. and while the hosts seem to do their best to try and pigeonhole these guys and paint them as bad guys and lunatics, it's really obvious who's schooling who to the initiated. The best thing about the MSM these days is people who have been awake, the ones wiping the eye-boogers off, and those waiting to awaken, are seeing a lot more of these guys than they normally would and while it's painfull to sift through the BS, the words these guys speak at least stand a chance of sinking in while the hosts get their asses handed to them for our amusement...
The interviewer gal was a twat. Kyle Bass, however, is brilliant. It's the same nonchalance you get from Hugh Hendry when he opines on the utter devastion of the global credit system.
Gerald celente's 3G's...
Guns, gold and a gettaway plan, bitchez!
Prepare accordingly.
Do-ly noted
so nice to listen to an intelligent man these days...they are an increasingly rare commodity
Way to go, Kyle - you handled the English Bird quite nicely - Press On Then!
Klye Bass is good. Super interview. Wish I was that smart. Thank you Zero Hedge
So, what could a retail investor buy to place this sort of asymetric bet against Japan? Is there some stock you can buy or buy puts on that would do the trick?
Unfortunately, the retail world has only access to the illusion of stability whereby the certain risk on/off indicators give a sense of true price discovery based on fundamental economic trends, to get actual access to what's behind the curtain you would need to be a financial institution. It's how us peasants can't participate nor know any better.
Bernnankie is the wizard of oz and he along with all the schmucks saying the same thing around the world (aka fellow central planners) are just pulling levers and jaw-jacking.
Haaa! there's the kicker, probably not shit for retail joe. You cloud try to short or buy a bearish etf, but the market will more than likely shoot through the roof on such bad news; it will net money from shorts like tuna fisherman then when the world is all "fixed" crash to the floor!
The Central banking system is having a metrosexual moment. Central planner's haven't passed any new policy laws to artificially grow a stagnated globalization program.
While think tanks are exercising autofellatio upon themselves to theorize short term chaos plots. The global community rains down laughter at appointed peers elected to represent the fallacy of democracy.
Rehashing old idea's when a government pack forge is viewed to be a sustainable mission this time around. LOL- Not!
Leaders of Men
Sounds like call to round up the troops and commence in a global bond market/ gov't cds market ass-kicking.
Move over Hugh Hendry!
We need them both. If this bird interviewed hiim he would have said "You are right, I am a bad person. I was just doing my job to hedge for the people who entrusted their money to me" She would have then said "yes you are a naughty boy, now what about those bloody criminals that have decided they dont want to serve the Queen? Dont they know how this will affect Will and Kate?" .... Hugh. "I dont know, maybe partition Sydney?" ... "That's a good mickey" ....
It would have been just as telling of the MSM.
so it's wrong to expect 1,000 to return 700,000?
If a farmer in Nebraska plants a kernel of corn and expects to get a kernel back that's acceptable?
Gimme a break!!!
Let's see, three ears with 14 kernels around, times 30 long equals 420 per ear times 3 ears equals 1260.
So, 1:700 is worse than a corn farmer that receives 1:1260?
Forget Wall Street, we need to hang the corn farmers!
sarc off
(corn kernel estimates are strictly off the cuff-didn't check the cloud)
A repulsive undereducated mephitic poseur woman, oblivious to her inauthenticity. She will go far at the BBC. Monty Python would ROTFLTAO.
Heady thoughts and responses from Bass were relentlessly drowned out by her ignorant, verbal harangues. How much better the whole thing would have been if Kyle were allowed to complete his thoughts and if the interview ended with a huge wad of spooge running down her shocked puss.
"Why guns and gold?"
Stupid statist bitch.
Sell Gold. Sell Silver. Dollar is King right now.
Kyle sounds smart, yet the yen keeps grinding higher in his face.
Until it doesn't.........
Kyle Bass at UVA last week: http://www.youtube.com/watch?v=-quUyId2WZ0&feature=BFa&list=PL41660D83B6...
May have been posted already.
Some interesting interesting videos there too - thanks.
I don't care if this guy is sometimes wrong. I wish I could respond to airhead questions as well as he does. I crown him my mentor.
Tyler, please give us more of Mr. Bass.
My GOD I wanted to strangle that woman when she interupted him JUST as he was about to explain how Japan's default could happen. "OK, well..." she says like some bored high school bimbo listening to a math geek trying to explain algebra to her. ARRRRR! Can we get a do-over interview?
Yes please!
Do-over!
Tyler, can't you get Kyle to come on here? We're all on the same page of the hymn book!
lame and boring..
stupid broad keep on asking how much dough he made back in 2008.. thats all her viewers need to know and on what he blew that kind of cheeze..
hookers/ jets / baseball teams /etc ? :)))
ON SERIOUS NOTE.. I DONT REMEMBER MR BASS TALKING ABOUT HIS ASSYMETRIC BETS BACK IN 2008.. he just was makign money keeping his mouth shut..
i guess its contrarian sign.. he need more money in his fund so he keep on blubbering endlessly on TV
alx
I guess I'm just hopelessly naive. It never fails to surprise me how much rabid denial there is. We are not talking about some nebulous topic like "what is art" or "how must it feel to be a butterfly"...we are talking simple math, hard numbers.
Maybe I'm wrong - but I'm starting to get the feeling that TPTB are losing control of the spin and growing increasingly desperate...
great effen interview............
Holy f-ing shit she's annoying. What a self-centered bimbo of a host. This programme's name is a perfect oxymoron if ever there was onre It should be "hard-to-fucking-listen-to", not "hardtalk". I'll be sure to continue avoiding their show as much as humanly possible.
*Yes, I am fked off.*
There's a reason for these BBC statists to be so hostile: they just do not understand markets, they only understand static elite institutions.
What you have are people like that presenter, who will have come from nice backgrounds, gone to probably Oxford or Cambridge (an institution), then got a media job ... in an institution. They earn good money, shop in supermarkets and stores, but have no idea whatsoever how their tomatoes actually get onto the shelf or how the new sofa arrives at their door. They have no experience or understanding of actual market processes.
This is why there is the old trope about "Cockney Barrow Boys" making good traders, because, in that world, you work in a market, buying and selling, with supply and demand, setting prices, understanding risk.
The presenter is like the posh woman who just comes along to buy apples and thinks they just appear there because she has money, like magic. She has no idea of the crates that have just been thrown away because they have turned, no idea the impact of that on the trader's bottom line, no idea where or how the supply gets to the market, insists that government tax the trader more because she wants money to go to her pet causes, then insist he should give apples awy to feed schoolchildren, and then one day, when the stall isn't there anymore, she gets highly indignant and writes to her MP about how terrible it is that she cannot buy apples.
And then when she sees the old trader starving in the street, she gives him a penny and writes to her MP again, demanding that other stall holders pay more tax to 'help the starving poor'.
This is basically what Britain is like now, run by people like that woman, and this is why they don't get it. The BBC and government is packed full of people who have never done a job in a market environment in their lives, apart from attempting to sell their own "talent". They have never really lived in the world of "capitalism" and "markets", which explains why they don't seem to understand what the fk capital is. In some senses, they are almost modern day monks and nuns, they are that divorced from reality -- but even then, most monasteries and nunneries made things to sell.
They are utterly ignorant, and these people have fucked Britain up royally. They are why Britain is on its knees, and, to be honest, they need to be removed from power.
And you know what is the most fucked-up thing? In Britain, you do pay insurance on something happening to someone else's property. If you live in a terrace with two party walls, the fact will be reflected in your building insurance premium.
If this is how fkin stupid the "clever ones" are supposed to be, I despair for the future of this world.
She would not understand liquor upfront and poker in the back. Brits I know are very sharp. They moved here....
Is this program called "HardTalk" because it is hard to talk without being interrupted by this lady?
Stupid host cut him off just as he was about to tell us how to short Japan.
Anyone out there have an inkling how he's doing it? No CDSs for Japan - that I am aware of.
Anyone?
Only an guess - short JGBL, if possible. Or maybe long JGBT (but most of those inverse ETFs lose value very fast with decay of the time value of options they're invested in).
no liquidity
KB will probably throw us a bone in another interview but here are a few inline with what onebir stated.
http://seekingalpha.com/symbol/jgbs
http://seekingalpha.com/symbol/jgbd
EDIT: Found the following article from August 2010: Kyle Bass Betting Against Japanese Government Bonds (JGBs)
Go read the profile of the interrupter...er I mean interviewer, Sarah Montague, and it all makes sense.
http://news.bbc.co.uk/today/hi/today/newsid_7415000/7415108.stm
As far as I'm concerned, she admitted her failure as a journalist when she attacked him ad hominem.
gosh he maitained his composure well and shes nothing but a snooty mole
The sad decline of the BBC. They built a name on the high calibre of their journalists and their search for the truth. Somewhere along the way they got sidetracked, and decided their role was not to shine a light on the facts, but to act as an adversary and pose an opposite view. I suppose because the producers and editors wanted to inflate their own importance. (Look how clever we are, we can take any topic and debate it with a guest).
That had the potential to be a staggering interview; Kyle Bass with his clear, simple appraisal of every situation he had found himself in front of, and able to articulate how and why he reacted to the facts. A very pure mind, the perfect articulate guest, and very happy to try and explain his reasoning to an educated (???) audience.
I hope the BBC made a grovelling apology for the insulting way they treated him. And I hope they re-read their charter and get back to the quest for objective accuracy. Or perhaps they are past saving.
.
This guy is 20 miles down the road and I haven't met him. Every time I see a video of him, I take notes. The poor woman was a basic moron as to what he was saying. The delusion they are going to fix Europe is for morons to believe. It is all either Germany pays for all of it or it don't get done. Mr. can you spare a dime is a lot different than your money or your life, which every public solution to these problems equals. She couldn't comprehend Japan either, which is hopelessly in debt. The great paradox is saving equates to debt or something akin to debt. Though a society needs capital accumlation, the idea it can be piled up and returns derived out of it on an exponential basis is just flat mathematically impossible. Thus, capitalism is not meant to produce fantastic individual wealth, but instead the wealth of nations and society in general. Constant accumulation of savings debt is just flat impossible.
"This video is unlisted. Only those with the link can see it."
http://www.youtube.com/watch?v=K-F_QF1XTXI#!
why the fuck is this YouTube video hidden?
Can anyone of you guys get in touch with the guy who uploaded this video and ask to "open" it up for public view?
"why the fuck is this YouTube video hidden?"
Probably because the BBC's website limits it to UK viewers and they have people checking youtube for their content & they'd ask youtube to remove it if they found it...
So, the HardTalk moderator must believe that when she is 101 years old that the mirror on the wall will say that she is the most beautiful one of them all.
I got so angry with the twit interviewer it was hard for me to pay attention to Kyle.
He should've started this conversation witha virtual "pat on the head" of this Journalist/child and advised her to simply take some notes and study a bit.