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🇺🇸Kyle Bass🇺🇦

@Jkylebass

May 11

@Apple

@Apple is hiring engineers away from its Western suppliers to help Chinese State-owned YMTC meet its iPhone specs and thereby displace Apple's Western suppliers. YMTC got into the memory chip market through heavy state funding. This is, no doubt,the result of CCP pressure on 1/5

https://twitter.com/andrewpduncan2/status/1524490537033736200

@tim_cook

Apple and Tim Cook. @tim_cook works hard to undermine US national security for a few more dollars in profits for his shareholders. This mirrors what happened with Huawei many years ago, where foreign companies helped Huawei to meet their specs, got hooked on China’s price…2/5

not to mention STOLEN western IP to help rapidly scale Huawei’s business. US companies, ESPECIALLY Apple, should not be allowed to repeat this horrible, miscalculated mistake and help to scale YMTC’s business and displace Western companies in the process. 3/5

Read 5 tweets

🇺🇸Kyle Bass🇺🇦

@Jkylebass

May 11

For-profit companies are actively working to undermine U.S. national security. Hordes of lawyers and lobbyists have been hired to fight AGAINST a new, bi-partisan bill to review foreign investments by U.S. companies to determine if they undermine US national security. 1/8

The Semiconductor Industry Association is leading the charge against a thoughtful bill to stop sensitive technology getting into the hands of our adversaries. The top semiconductor companies of the world don’t care about our national security, they only care about profits. 2/8

@SenBobCasey

The bill is sponsored by Democrat Bob Casey @SenBobCasey and Republican John Cornyn @JohnCornyn This legislation will fill in the gaps where current laws don’t exist in three key areas: 1. The formation of JVs with foreign adversaries 2. The offshoring of critical 3/8

Read 8 tweets

🇺🇸Kyle Bass🇺🇦

@Jkylebass

May 9

Did you know that there is NOBODY from any U.S. agency to enforce ‘end-use checks’ of goods shipped to Russia and only 2 people in China? Putin kicked out U.S. officials after the Russian takeover of Crimea in 2014. The Biden Administration declares their ‘export controls 1/4

With the foreign product rule that prohibits any items containing U.S. technology’ to be subject to the export control regime. Funny thing is when we ship said products to China who then ships them to Russia, THERE IS LITERALLY NO ONE on site to oversee such transfers/sales. 2/4

@SecRaimondo

The joke is on anyone that believes our sanctions are actually biting. We have only TWO INSPECTORS on ground in China where the government forces us to SCHEDULE a time and place for our inspections. @SecRaimondo and Matt Axelrod are disingenuous when they say sanctions 3/4

Read 4 tweets

🇺🇸Kyle Bass🇺🇦

@Jkylebass

May 4

@federalreserve

As the FED @federalreserve searches for candidates to fill Fed Governor positions, their team is ranking new candidates on 4 categories: 1. Economics 2.Financial Markets/Banking 3.Leadership 4.Diversity. They recently had one open position down to a handful 1/4

candidates whereby they were then ranked on the new system. The Fed kills any candidates who fail the “diversity” category regardless of their capacity to understand, govern, and overall merit. The FED is the single most important economic 2/4

Institution in the world. Given the inflationary mess the US and the world face today, walking away from the absolute top candidates due to the diversity issue is incredibly short-sighted and doing our country and the world a major disservice in our time of extreme need. 3/4

Read 5 tweets

🇺🇸Kyle Bass🇺🇦

@Jkylebass

May 3

https://twitter.com/EMPosts/status/1521260788563992576

This would be one of the worst possible moves we could make.Reason these tariffs have withstood the test of time is that they are NECESSARY to counter China’s uneconomic motivations to put our domestic steel and aluminum industries OUT OF BUSINESS forcing reliance on China.1/3

https://twitter.com/EMPosts/status/1521260788563992576

@AmbassadorTai

@AmbassadorTai don’t succumb to short-term thinking against a long-term opponent. Inflation is a simple measure of too much money (printed by the FED) chasing too few goods. These tariffs were enacted for national security reasons. Look what the Chinese did to our aluminum 2/3

smelter’s capacity utilization in two short years by giving their smelters free electricity (the number one cost) and underpricing. What they did is against our laws and they have an insidious plan to force reliance on them. We all know how the antibiotic API’s ended up in Wuhan.

Read 4 tweets

🇺🇸Kyle Bass🇺🇦

@Jkylebass

May 2

When reassuring yourselves about various levels of FX reserves, it’s imperative that we all remember what happened to Korea during the last Asian Currency Crisis. Korea was showing the largest pile of USD fx reserves in Asia. When the Thai baht broke the peg in 97’, 1/9

Investors were sanguine about Korea due to the reserve balance they were reporting. The problem was that the Korean central bank had ‘lent’ those reserves to their banks who had spent them defending the peg. The finance minister of Korea called US Treasury Secretary in a 2/9

panic and told him Korea had a desperate need for a USD loan from the US Treasury/FED. When rigid structures go south, all of the math, all of the belief,and then all of the reserves vaporize at such breathtaking speed. Those unprepared at the outset couldn’t get positioned 3/9

Read 9 tweets

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