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🇺🇸Kyle Bass🇺🇦 Profile picture
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Aug 24 • 4 tweets • 1 min read
The troublesome slippery slope of forgiving debts without understanding the dire consequences of doing so is upon us. Sadly, we are headed down the road to South American populism. Venezuela 🇻🇪, Bolivia 🇧🇴, Ecuador 🇪🇨, and Argentina 🇦🇷 have caught this disease in the past..
and it’s ruined them all. Designed to generate additional votes from jobless or economically challenged voters, it has proven, time and time again, to be the road to perdition. How will this message change the behavior of student loan borrowers in the future? How do the
students that obtained jobs and dutifully repay their debts feel about this cancellation? Should we also forgive mortgages for the same income cohort? Why stop at student loans? I think the powers that be are about to learn what ‘moral hazard’ actually means. 😞
#studentloanforgiveness #studentloans

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More from @Jkylebass

🇺🇸Kyle Bass🇺🇦 Profile picture
Aug 24
China can’t afford to have a renminbi meltdown. Contrary to popular belief, the Communist Party needs a strong RMB to purchase the oil, gas, food, and basic materials that it desperately needs EACH AND EVERY DAY. They use USD but the artificial RMB/USD rate that’s carefully 1/5
Manipulated by the PBOC each day is very important to China Inc. The fact that they have charged a key propaganda outlet @ChinaDaily with delivering this message to the market evidences China’s fear of a meltdown.They must be very worried given the fact that despite rare cuts 2/5
The consumer credit impulse continues to plummet. Household debt to discretionary income now exceeds US levels just before the global financial crisis. Chinese GDP is currently plummeting due to sales volumes and price declines of real estate (which represents the core 3/5
Read 6 tweets
🇺🇸Kyle Bass🇺🇦 Profile picture
Aug 23
Chinese Ambassador to the United States INTENTIONALLY LIED to several US press outlets on August 16th. #QinGang should be punished for pushing false Chinese propaganda to US media. In this well-written piece, Professor Pete Pedrozo (US Naval War College) sites.duke.edu/lawfire/2022/0…
explains how China’s response to Pelosi’s visit is disproportionate and belligerent. He makes a cogent argument for a change in US policy towards China. “On August 16, 2022, China’s ambassador to the United States, Qin Gang, met with a small group of journalists in Washington,
Citing “more than 100 navigations [per year] through the Taiwan Strait and Speaker Pelosi’s visit to Taiwan, Ambassador Qin indicated that U.S. military and political activities in the region had “gone too far” in the region. When, in fact, the US Navy has only transited the
Read 4 tweets
🇺🇸Kyle Bass🇺🇦 Profile picture
Aug 23
Gerard Schroeder sold Europe to Russia for a few million dollars. His government guaranteed $1 billion in Nordstream One just weeks before he was voted out and days before he joined NS1 as their CEO. He then became Chair of the Board of Russia’s largest oil producer Rosneft 1/3
And joined Gazprom’s board 20 days before Putin invaded Ukraine. When he joined Rosneft’s board, Rosneft was under sanctions by the U.S. for Putin’s actions in Crimea. Schroeder is a political prostitute that compromised all of Europe’s energy security. 2/3
Europe is now paying astronomical prices for their energy bills as prices are currently 14X their seasonal average over the last 5 years…and winter hasn’t begun yet. We could easily see discontinuous pricing this winter if Putin engages in any ‘unscheduled maintenance’ on NS.3/3
Read 4 tweets
🇺🇸Kyle Bass🇺🇦 Profile picture
Aug 16
China’s ‘gain-of-function’ coronavirus research at the Wuhan Institute of Virology is the source of the deaths of at least 20,000,000 people globally.’The CCP’s deadly obsession with secrecy and control comes at the expense of public health in China and around the world.’1/4
China needs to be held accountable for the deaths,the severe illnesses, the mental degradation, and for its deceit and propagandic control of the virus’ narrative around the world. Here is the official State Department communique. 2017-2021.state.gov/fact-sheet-act… #ChinaExposed #China 2/4
While US politicians fight about ‘fringe’ issues, they have lost sight of the 800-lb gorilla in the room…China’s malign activities in the realm of biowarfare and with their irresponsible behavior of coverup and denial after the virus’ 3/4
Read 5 tweets
🇺🇸Kyle Bass🇺🇦 Profile picture
Aug 9
On the issue of the 87,000 new #IRS agents to be hired to audit everyday Americans…Why is it that foreign investors into American companies (public and private) PAY NO CAPITAL GAINS TAX WHATSOEVER. When a Saudi Arabian Sheikh or a Chinese billionaire trades stocks or invests 1/4
In Uber, or Apple, or Space-X…they mint billions and go home without ever paying a single US tax dollar. Something is horribly wrong with a system that taxes, audits,and demands compliance with its own citizens but gives foreign investors a FREE PASS. Imagine the tax revenue 2/4
Just waiting to be harvested by taxing the Saudi Sovereign Wealth Fund, SoftBank, China Investment Corporation,China’s State Administration of Foreign Exchange (SAFE), and many others that are currently enjoying a free ride in our capital markets. It’s time to pay. @LHSummers 3/4
Read 4 tweets
🇺🇸Kyle Bass🇺🇦 Profile picture
Aug 7
Erdogan and Turkey 🇹🇷 have long supported and protected terrorism and enemies of the West. When ISIS retook Mosul, Iraq after the U.S. withdrawal, ISIS stole $300 million cash from the Iraqi Central Bank and ran as fast as they could to Turkey to invest it in Turkish business 1/8
under the approval and protection of Erdogan and his security forces. This one heist made ISIS one of the most well-funded radical terrorist organizations in the world.(This fact reported to me by al-Qaeda’s top informant to Mi6.) He is also certain that Erdogan protects 2/8
the jihadi training camps under the umbrella of Turkish defense systems. Part two will focus on the team of US Green Berets embedded into Syria for the past 5-6 years whose mission it was to completely eradicate ISIS from the face of the Earth. They had almost completed 3/8
Read 9 tweets

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