Kyle Bass started CAD, the Coalition for Affordable Drugs. He uses CAD to manipulate Wall Street so he can lower stock values and short-sell his holdings. He’s doing it legally, and there’s practically nothing congress can do about it but wax bipartisan in an effort to stop the man. Ostensibly, CAD is about helping the sick save money on necessary expenses. Realistically it’s a front to help Bass manipulate the market. With this in mind, when Bass says, as he did in a FOX News report recently, that China is headed for a recession that will affect the United States by the end of 2016, his motives should be hotly questioned. Bass is saying that the US won’t experience a “Lehman Brothers” moment, as in 2008, but that there will likely be a downturn in the economy. Now, Bass has said this from a public platform with a ubiquity of viewers across the country. It will definitely have an influence on future investments as concerns China. Which way is he trying to push people? That’s the question to ask.
Bass works as a hedge fund manager out of Texas, though he’s originally from Argentina, and continuously praises Cristina Fernandez de Kirchner, socialist despot of that country, on her financial decisions. This despite de Kirchner’s double-default of Argentina in only thirteen years’ time. It seems a cogent economist wouldn’t want to play ball with such a woman, But Bass must know something he doesn’t tell the rest of the world.
When one considers that his involvement with Bear-Stearns is partially an initiator in the 2008 collapse, it becomes very clear that Bass routinely operates on data not regularly available to the public. With Bear-Stearns, Bass had recently ceased being part of their employed team. Between his cessation of employment with Bear-Stearns and Bear-Stearns’ collapse was a very short time. Bass gave a tip to a journalist who asked a probing question which destroyed consumer confidence in Bear-Stearns and forced J.P. Morgan-Chase to buy them out by the end of the week. These were just the first dominoes in a train that imploded the economy by September; and Bass knocked over the initial block.