Category Archives: Wealth Management

Kyle Bass And Socialist Tactics

Stalin was a bank robber. Lenin was an opportunist. Mao brainwashed a generation of youth. The Kims and the Castros are dynasties shrouded in cult-of-personality vocabulary. What do all these socialistic/communistic leaders have in common? Back-handed tactics and deliberate public manipulation. Why should one expect a socialist despot like Cristina Fernandez de Kirchner, who is currently the leader of Argentina, to be any different? When a man like Kyle Bass, manager and founder of Hayman Capital based in Texas, vets everything Cristina Fernandez de Kirchner says–despite the woman’s negative track record of double economic default within only 13 years–it becomes plausible that he has some socialist connections. Yes, Bass regularly praises de Kirchner despite her utter incompetence in office. That just doesn’t make a whole lot of sense unless Bass also shares her socialist tendencies, and together they are working in a way to manipulate the market in their favor. For evidence Bass is doing this, consider CAD.

CAD stands for the Coalition for Affordable Drugs. Under ostensibly humanitarian aims, CAD gets the sick to sign petitions against big-ticket pharmaceuticals regarding loophole minutiae in order to decimate the cost said companies are selling their drugs for. In the short-term, this saves the infirm money. In the long term, it restricts them from future progressive developments. When a pharmaceutical company loses too much capital, it can’t afford to invest that capital on possibly fruitless endeavors like oh, say, “research and development”. Ergo, breakthroughs maybe just months away are curtailed for years. Furthermore, the public is forced into dependence on a government option, which takes away economic power and freedoms from the people and puts that power squarely in the hands of The State. Now that’s pure socialism.

Recently, Bass said that investing in China’s economy wasn’t a good idea right now because they’ve been involved in sub-prime lending vis-a-vis America’s economy prior 2008’s collapse. He said at the Milken Institute Global Conference in Beverly Hills that his reasoning was merely “common sense”.