Taps Coogan – September 1st, 2022

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Kyle Bass, founder of Hayman Capital Management, recently spoke with Wealthion in a wide ranging two part discussion that touches on Mr. Bass’s economic and market outlook as well as his warning that he expects a Chinese invasion of Taiwan within 24 months.

Part II

 

Mr. Bass on the implications of a trade embargo on China and the odds of an invasion of Taiwan:

“If you remember… we had a presidential commission about to roll out on studying the origins of the Covid virus and how it started and how all the global actors acted. When we announced that commission, the very first thing that the Chinese foreign ministry did is, within an hour, they held a press conference and they said ‘If this commission is convened we will withhold antibiotics from the United States’ and we killed that commission immediately. 95% of all the active ingredients in US antibiotics are made in Wuhan. We rely solely on China to produce 100% of our blood pressure medicine… We allowed that frog to boil and they will hold that against us… While we hold the nuclear button on their economy, they have us by the short hairs in a number of situations.”

“I think the Chinese invasion of Taiwan is probable. I’d say it’s over 50% in the next… 24 months…”

There is much more to the discussion to enjoy it above.

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