Kyle Bass: China’s Digital Currency Is a Blackmail Weapon; Beijing Facing Grave Financial and Demographic Crisis
“Imagine if the Chinese government had access to every Tom, Dick, and Harry in America … and they have the ability to know where your bank account is, what it looks like, what your income is, and if you’re in financial difficulty. Imagine if they could cross-run an algorithm that says, let’s look for U.S.
April 12, 2022 AMERICAN THOUGHT LEADERS
“Imagine if the Chinese government had access to every Tom, Dick, and Harry in America … and they have the ability to know where your bank account is, what it looks like, what your income is, and if you’re in financial difficulty. Imagine if they could cross-run an algorithm that says, let’s look for U.S. government employees that have Tinder that are short on cash—and maybe they’re married—and we can corrupt them immediately.”
China’s new digital currency, the e-yuan, is the “single largest threat to the West in the last 50 years,” says Kyle Bass, founder and chief investment officer of Hayman Capital Management and a founding member of the Committee on the Present Danger: China.
But the rollout of the e-yuan has gone largely unnoticed, “overshadowed by the Russian invasion of the Ukraine,” Bass says.
In this episode, we discuss the dangers of the new e-yuan, the strengthening China-Russia alliance, and why Bass believes the Chinese regime is actually intentionally crashing its housing market.