bullmarketthinking.com / By Tekoa Da Silva / December 28, 2012
In a follow up presentation to the AmeriCatalyst Group, Hayman Capital fund manager Kyle Bass shares thoughts on a number of key issues facing the world over the next few years. Among those that stood out, was the inevitability of a major war, escalation of food riots, and why the government’s job is to maintain confidence over truth.
Excerpts are show here below:
5:00 – “This Ends In War”
“We sit today at the world’s largest peacetime accumulation of debt in world history…you know how this ends right? This ends through war…
I don’t know who’s going to fight who, but I’m fairly certain in the next few years you will see wars erupt, and not just small ones…”
19:00 – “More Social Unrest”
“You’re going to see more social unrest. You saw HUGE riots in Greece, and you’re seeing HUGE riots in other parts of the world over food (and lack of food) and those are actually derivatives of the financial problems that we’re seeing. We’re exporting inflation to some other nations. Going forward it’s going to be a problem.”