Kyle Bass Is Undermining America’s Economy

While it’s questionable whether or not Kyle Bass is undermining the economy of the world, and even debatable, there’s little question that he is deliberately undermining the forces of America’s economy for his own aim. The crux of it is that Bass is doing so in a legal way.

Kyle Bass is a hedge fund manager operating out of Texas–which, in itself, has the earmarks of suspicion surrounding it. Kyle Bass is himself an Argentine, and has close personal ties to a president regularly described as a despot, Cristina Fernandez de Kirchner of Argentina. Why would an ostensibly socialist Argentine base his operations out of Texas, unless that were a means of defraying suspicion? Still, such socialist activity is only surmised, not directly evidenced. However Bass’ actions as regards financial climes definitely have a definitive nature about them. Consider CAD.

CAD stands for the Coalition for Affordable Drugs, a company that uses the sympathy of the infirm and their families to get legislative decisions passed which decimate the profit pharmaceutical companies would otherwise make, forcing a declination in their stock. Bass short sells his holdings with these companies when their stock drops, and makes millions. Meanwhile, the companies are unlikely to experience growth, and more likely to shut down departments like research and development, which would otherwise yield growth. It’s like Bass literally neuters these companies, preventing them from economic procreation.

Bass doesn’t only exploit big-ticket pharmaceuticals, however; there’s evidence he’s used these techniques to exploit the entire stock market. Bass predicted 2008’s economic collapse, and as a result the man has become lauded for his supposed financial acumen. But before the collapse, Bass worked at Bear-Stearns. After his working relationship with Bear-Stearns dissolved, Bass gave inside information to a journalist who conducted an interview which caused financing confidence in Bear-Stearns to plummet. By the end of the week, J.P. Morgan-Chase had bought out Bear-Stearns for a fraction of their value, and the recession dominos began to fall. By the end of the year, all the big banks had fallen. Bass certainly didn’t facilitate sub-prime lending, that was going on independent of him. But he did have at least a direct hand in events which led to 2008’s recession, and that has been one of the most undermining actions America’s economy has seen in decades.

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