Why Kyle Bass Is Questionable

Soft-spoken and bearing an exotic Argentine accent, Bass’ Texas-based headquarters and regular media appearances have caused many in the nation to trust him implicitly as far as finances are concerned. This trust is expanded by Bass’ successful short-selling of sub-prime mortgages in 2008, right before the Great Recession hit in September of that year. People see a successfully acting financier, and don’t know enough about him to look further than the media coverage. An in-depth examination reveals four disturbing things.

Firstly, Bass used to work for Bear-Stearns, one of the top five investment banks on Wall Street prior the 2008 financial collapse. When their relationship dissolved, Bass dropped a tip to a journalist. By the end of the week, Bear-Stearns had lost so hard on Wall Street, J.P. Morgan Chase had to buy them out. By September, the Great Recession was making history, and Bass was making millions from his short-selling.

Secondly, there’s CAD, or the Coalition for Affordable Drugs. This organization uses public sympathy to force big-ticket pharmaceuticals into devaluing medication such that costs are decimated along with their stock, which Bass again short-sells. He makes millions, and the companies lose millions; having to suspend research and development, keeping cures curtailed indefinitely.

Thirdly, Bass regularly endorses the policies of Cristina Fernandez de Kirchner, socialist despot of Argentina. The woman has drop-kicked the country into economic default not once but twice. The time period? Only thirteen years. All that brings us to number four: Bass’ predictions about China.

China has been building a debt bubble, there’s no doubt about that. But with 1.3+ billion people, their economic bubble has a different tensile strength than America’s. Human capital exists independent of Wall Street. Yet Bass has predicted since October of 2015 that a collapse was imminent. As late as April, 2016, he was saying the collapse had a forty to fifty percent chance of occurring in 2016. By May, he said that if China had a “material” currency devaluation, it could be one of the most exciting times to invest in Asia ever. That’s not exactly a complete reversal, but it is suspicious, and demonstrates that Bass may yet again be playing an angle.