HardTalk & Kyle Bass 2 of 2 on The Global Economy & Finance Situation - BBC Interview

[szililolabu]

"You can't hate the mirror because you are ugly!"  hahaha

[toy2day]

00:40 is the most interesting part!!!!!!!!

[ConstellationX1]

"You can't hit the mirror because you're ugly" - that's the only lesson she needs out of this interview.

[MatteNoob]

kyle boss

[harizal5]

I hate reporters who ask a question and then don't listen to the full response. SHe interupted him at the moment when he was making the key salient point to his argument. Listen lady, we don't want hear your grating voice, we want to hear the wisdom of someone who is actually working for a living.

[simian455]

@harizal5 Sadly that's the state of journalism today. A lot of them think they are apart of the news, the story and therefore the main event. It's a trend I think that started with Fox.

[smcclurk]

So many of you posting don't know what the hell you're talking about. We're not in this crisis because of loans to the poor or CRA any other right wing claptrap. We're in this because of unmitigated greed by moneyed interests and their bought and paid for friends in the political establishment.

[TheNthomas1999]

@smcclurk Vote Ron Paul then! I know I am! He is the only one not getting money from Investment banks! Printing money is destroying the middle class through inflation.

[TheNthomas1999]

Wow! Nuff said! All gain with no pain will never work! Scary times coming!

[saskatoon11silver]

Wow, that guys is as eloquent a speaker as they come. The reporter was openly hostile and Bass wasn't thrown off for a second. Cool, calm, well spoken, if that doesn't open your eyes to what is going on in the world right now nothing will.

[npuva1]

Does she even know what a put option IS?

[kno1self]

Kyle I'll trade you my hair line for the knowledge in your pinkie finger?

[RuniEvents]

@kno1self >> Dude don't do that ... If you still have a hair line, let me tell you its worth more than a pinkie (even the middle bone...) If you have no hair line then the middle pinkie might be most valuable... Cheers

[casper1918]

This woman sounds like those silly Occupy Wall Street folks. When you are talking to someone of the intelligence and education of Kyle Bass, who can very clearly explain his position..........you better prepare better than this silly woman.

[bronx43]

Guns and gold. He somewhat changed his position on cash in the Americatalyst interview, where he states that USD in the short term is a good investment due to the European sovereign debt crisis.

[Ric419]

Kyle Bass Took this BBC interviewer to school.

[drjameschan]

@Ric419

The interviewer really sucks and being hostile in gesture. Who is this bitch? I think Stephen Sackur is a better host. Where is Stephen now?

[RuniEvents]

@drjameschan > Stephen Sackur is still on HARDtalk ... I even have him interviewing Mohamed El-Erian in the Follow-up interview (also global Economy) ... You should send a friend invite, or at least subscribe to my Channels so as to get timely updates.. It seems this interviewer is publicly disliked here, but I wonder if she was just the wrong selection for this particular job. After all, about 90% of all viewers here are Middle-Aged men in USA (from the Demographic stats)... Anyway, thanks

[casper1918]

This interviewer should shut up and let us learn. He has just told us the day of atonement is coming. If you want to argue with him go ahead, it's not going to stop it from happening.

[jungleman606]

Kyle turned Sara over his knee. I could hear that spanking from a hundred yards away.

[RTC1655]

The sum of human behavior is too stupid for humanity to survive; we´re smart enough to invent the nuclear bomb and we´re stupid enough to use it.

[rideforever]

He's a smart guy - but what are you celebrating WW3 ?

Politics is messy and slow. It's difficult to herd cats. And during that slowness, Kyle Bass dances in and strips away lots of money. And then it falls apart and we have a big war.

Great ! You people offer no solutions, and are just a part of the suicidal human race.

[hipbas]

That's what I call "OWNED". Loved his CDS comment in regards to overall ownership of this derivative. More than half were purchased on behalf of Greek banks and hedge funds. Put that in your pipe and smoke it next time you blame speculators instead of the corrupt malinvestments of sovereign Governments.

[HydrogenDominion]

I hope one day you do succeed and invest in your forest Runi, investing in the Earth’s ecology is the best thing we can do. The abstract world of money is the false, but necessary human construct we’ve build to have an equally false sense of security. Our true wealth is the Earth Herself. When peak oil hits we will all awaken to the implications. Your other channel, on earthquakes is very comprehensive, thank you for your efforts Runi.

[mannfm11]

A CDS isn't insurance. It is the taking on of the risk return of an asset in return for taking the risk. Banks are loaded with CDS's because they find it a way to earn interest without putting money up. It is free money to them until the as sets blow up. Hating the mirror is a classic comment.

[Nambypamby37]

"Christianity without hell" Thats such a telling statement. Its clear to me its time to evolve....

[RuniEvents]

@Nambypamby37 > Yes!!! This is my Topic ... Genetics and Evoluition ... So evolve into what ? Darwinian would say "struggle of the Fittest", but in socio-economics you see what we get ... So maybe Lamackian?? (he's been forgotten fo a while...) ... What about Mendelian? (Mendelson) ... selecting the beans that do count ??? So lets go back a bit , maybe Da Vinci? "Just Observe ???" or even longer before ??? At some point you get to Euclid & Pythagoras and its just the Greeks who caused this...

[kristoph1m]

Finally someone who could explain the situation clearly and without mixing politics in. That interviewer was such an idiot, trying to create drama with such ignorant questions.

[RuniEvents]

Thanks to all viewers for (agreeing with me) deeming this my possibly most relevant upload yet, both in instantaneous viewing numbers, viewer commenting and viewer approval .... I've worked very hard to get to this point, so many thanks to all, Cheers Runi Toonillo (aka Peter Stümpfle) ... P.S. Friend Invites, subscribing & (generally) commenting & rating at all my Channels (including my more personal FaceBook Page are welcome (I hope... ;-) . Thanks again, Peter.

[aliray7979]

I love the way she lights up when she realised she'd written up some crappy notes on Japan!!

[andrewscourse]

This guy has an unbelievable focus and understanding of everything fundamental. He actually has a brain. He is not a sheeple.

[HydrogenDominion]

Wow Kyle Bass = The last human being to starve to death in his private golden fortress. Worship him!! Love him! Admire how he uses his immense intelligence and experience to predate weak economies and the equally vulnerable demographic disposition of old or disadvantaged citizens.. just because he can. Go on, justify what he says because he’s being confronted by a witless media puppet. Go be just like him while the World continues to weep and die.... And go die along with it!

[aliray7979]

@HydrogenDominion I suggest you watch this again cos you clearly didn't understand it!

[RuniEvents]

@aliray7979 > I agree ... This upload (interview) has a totally different depth of severity ... Blaming someone for being wealthy is as superficial and has the same effect as dropping a plumb line into ones toilet and then flushing ... Cheers, Runi

[HydrogenDominion]

I understood thanks 4 your concern aliray79. Asymmetrically loading portfolios in hedge funding is a predatory way taking advantage of weaker economies and destabilising security. You wouldn’t be giving him accolades if Bass undermined investment or your country? Think about it! He might bet on the wrong side if WAR comes! Never mind that I’m not criticising Bass for being rich. There will always be rich people. He’s gambling our future. I care about the Earth, our collective home. Do you?

[RuniEvents]

@HydrogenDominion > Thanks for the clarification ... That puts your previous comment into focus. I thought you disliked him for just becoming rich & I honestly wish I could become at least a little bit wealthier... But if I had enough savings I would invest 50% in repairing environmental dammages (e.g. reforestation), as I too care about my environment (see my other Channel "RuniPlanet" ... Cheers, Runi

[theazals]

Wow, what a great interview. Not a great interviewer, mind you, but a lesson in how to not let the judgment and condescension of the ignorant create a need in the one holding correct views to acquiesce. Kyle Bass is a giant who just showed the world, on an antagonistic program, how to hold your own in the battle of ideas.

[showcosound]

16 minutes to build ? this media is worse than ours, what's that say about its people ?

[SuperHedgehoggy]

Kyle Bass showed up this cheap BBC Tart for what she is worth. Her hostile left -wing attitude is typical of the BBC. They never want to learn the "truth" ; they just want to spin a story to fit their own prejudices.

[penwell82]

@SuperHedgehoggy okay, so what's the truth here? The financial industry is too big. That's the truth. They helped create this debt. I don't care for the reporter's interviewing tactics but she has a point. Kyle Bass is intelligent, I like him in interviews, but is completely and totally morally aloof as to what his industry partook in. We don't need sanctimonious drivel about philanthropy either.

[SuperHedgehoggy]

@penwell82

Who are "they"? Sloppy thinking. The whole problem has been a long long time in the making. Clinton appointed his mates to Freddie and Fannie, and got schmoozer Greenspan to keep interest rates artificially low. Banks were then encouraged to lend to the poor. They didnt want crap on their balance sheets so they re-packaged it and sold it off. Freddia and Fannie was run by incompetant political appoitees. Result - the biggest ever debt crisis!

[KMxStd]

Of course, Mr. Bass made​a fortune and predicted the euro zone crisis! But how?

First, banks such as Goldman Sachs helped Greece since 2002 to cover the deficit through exchange "swaps" with fictitious interest rates. And in 2010 recommended to their clients to bet on "credit-default swaps" on the Greek, Portuguese and Spanish bank debts, to earn money with the worsening financial conditions of these countries!

I am Portuguese and I tell you: this is a crime and a fraud!

[SuperHedgehoggy]

@KMxStd

Mr Bass has not committed any crime. He has merely used his time and intellect to figure out how incompetent and dishonest politicians and their bureaucrats really are. The government interference in the housing and mortgage markets in the USA, UK and a lot of Europe coerced the banks into lending to unsuitable borrowers.

Citizens such as Mr Bass are merely trying to protect themselves and their clients from the consequences of the idiots in power!

[KMxStd]

@SuperHedgehoggy Ok it is true that many of our politicians are corrupt, but don't tell me that the bankers of Lehman Brothers, Goldman Sachs, AIG and other investment funds are saints! Wall Street has an increasing force in the American government - not only because of the millions of dollars to campaign funds, but also because the Wall Street bankers are chosen for positions of power in the U.S. and Europe! There are many examples: Hank Paulson, Mario Draghi, Robert Zoellick..

[SuperHedgehoggy]

@KMxStd

The politicians set the policy. If the policy encourages bankers to lend out vast amounts of money that will never be repaid whose fault is that? Politicians should leave free markets alone. Since they have made a habit of interferring in the way capitalism works the problems have got worse. If you let people look after themselves they normally do a pretty good job. When politicians get involved everything gets screwed up - including the very people the politicians shld protect

[KMxStd]

I understand that you're a free market fan, but that does not relieve the markets from their responsibility!

For example: Goldman Sachs was convicted of fraud by the SEC in the U.S., for betting against the housing market instruments, while he sold these same tools to their customers. In addition, Goldman has used public funds and was accused of being benefited from the AIG bailout, coordinated by the U.S. Treasury, at the time led by a former Goldman chairman!

So...

[RuniEvents]

@KMxStd > "Free Maket Fan" ??? Guess You mean Someone Else ... I may buy Gold, but support some control of our Makets ... Just see what they got us into without minimal control ... My Grandmother could have done better ...

[KMxStd]

@RuniEvents Finally, I realized two things:

First, SuperHedgehoggy and RuniEvents are the Same person;

Second, YOU'RE A TROLL !

I replied giving you four specific arguments to argue that also financial markets are guilty for this crisis; you just answered me saying: "oh, markets are the good guys, the politicians are the only bad guys"!

One thing is to understand the other's position, something different is only saying: NO, NO, I DON'T CARE, JUST NO!

Please, DON'T FEED THE TROLLS!

[SuperHedgehoggy]

@KMxStd

Goldman was merely making a market - there was a buyer and there was a seller! John Paulson wanted to bet against the idiocy of the politically inspired property boom so Goldmans stepped up to the plate. This would not have happened if government had not interferred withe the workings of the free market- Interest rates would not have been kept artificially low.

As regards Greece entering Eurozone - dishonest politicians invited Goldmans to help!!

[RuniEvents]

@SuperHedgehoggy > this is interestiing, thanks.. From a non-financial perspective I'd like to know, sure lucky & sold my assets about a week before the Crisis. I bought Gold & made quite a bundle. But this was instinct rather than savvy.. Do you think that this chronic crisis is somehow manipulated? I mean everything seemed fine one day and suddenly it was not, even though nothing changed outwardly.. Sure, some was inevitable from past & present trading.. But this was over 3 years ago...

[SuperHedgehoggy]

@RuniEvents

The chronic crisis we face was a long long time in the making. Clinton put pressure on Freddie and Fannie to lend to people who barely had a pulse - all good housing policy for the poor etc This was manipulated by the FED keeping interest rates at the wrong level for political purposes. The warning signs were early 2004/5? when Freddie got its debits confused with credits thus making Freddie look very profitable. Later ...auditors discovered "the mistake(?!!!)

[RuniEvents]

@SuperHedgehoggy > Thanks ... Guess I was lucky ... Runi

[SuperHedgehoggy]

@RuniEvents

Almost ALWAYS follow your instincts, particularly if you sense something is not quite right. Always best to panic early! Following you common sense instinct is not luck!

Warning signs were everywhere to be seen - most of the dumb-asses in the mainsteam media chose to ignore these signs probably because they didnt want to upset their politico-friends, and were all speculating on real estate breathing in the same fumes!

[RuniEvents]

@SuperHedgehoggy > Guess I'm in Good Company ... E.G. Alone ... rich but happy ... You are totallly right on instinct though ... Rats are not stupid when being first to leave a sinking ship ...they have no idea on technology or ship architecture, but somehow they know the ship is sinking ...

[alidcan]

Journalist was TOTALLY annoying. She just rehashed all Michael Lewis' arguments & ideas and tried to use them in a petty and narrow-minded way against Kyle Bass. She would have done much better to ask him his insights and to help educate the viewer in that way. He handled her like a pro.

[marsdente]

Kyle Bass is the man...that journalist talked way too much. Stop trying to vilify the man because he can see when a country is insolvent. The truth about the current global economic situation is what the people need to hear, not some wanna-be reporter trying to paint a skilled analyst as a gun toting, greedy villain hoping and praying for socioeconomic collapse.

[scaracom9]

Kyle Bass = THE MAN

[TiberiousOmegaMode]

Thanks for the upload!