Kyle Bass: Change or doom, Americatalyst forum. <video>
Submitted by Praxisseizure on Sat, 12/03/2011 - 04:39in
I know this video is much thicker than most people are willing to approach. You require at least a cursory understanding of how the global financial system works to understand this and appreciate it. However, the warnings presented (and admonishments of Ron Paul's underlying themes on economics) won't escape the DP observer.
I think this is valuable viewing to this community. It's also a bit entertaining to laugh a little at how irrevocably unstable the international finance game has become. After watching this, the recent Fed lending explosion will make perfect sense while making it seem lunatics are sane simultaneously.
http://www.youtube.com/watch?v=5V3kpKzd-Yw
Enjoy. Runs about an hour.
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I find it hard to understand
Kyle Bass's philosophy. Can someone help me?
He made a large bet shorting the housing market and made a killing. Also he recently bought $1 million of nickels. So he seems have an austrian perspective.
But, he also calls the IMF a "great institution". I don' get it.
“The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion.” --Albert Camus
I don't either.
I've heard him called many things though which make no sense. Maybe he's got a penchant for acting like a lunatic and profiting when idiot pundits call him one to prove a point?
His appraisal of the situation is correct and in the details it's almost comedic listening to him point out the logical fallacies of the system.
There is no way to raise a horse from the dead by beating it to death.