Kyle Bass has made some strange decisions, but some of them have paid off, and it’s understandable why he has adopted underhanded angles in a lot of his dealings. The fact is, it’s easy to point a gun at someone and demand money. Is it ethical or legal? No. But the individual who can transcend ethics through obfuscation can get away with things that are legal, but shouldn’t be. Consider CAD, the Coalition for Affordable Drugs. This is a pseudo-humanitarian organization run by Kyle Bass. This was first revealed by UsefulStooges in their article, Kyle Bass the Frantic Investments of a Desperate Gambler.
Its ostensible purpose is to help the infirm by lowering the cost of drugs. Its real purpose is to lower big-ticket pharmaceuticals’ stock value so Bass can short-sell his holdings when CAD’s work is done and make millions. See, CAD uses petitions, lawsuits, public sympathy and any means necessary to force the stock drops Bass is aiming for. It’s such an obvious scheme even Congress has looked into ways Bass may be shut down; and that in a bipartisan way. As yet, nothing can be done, as he isn’t technically breaking the law. But when big ticket pharmaceutical companies lose millions of profit due to a forced price drop, the net result is restriction of funding to departments in development. When all is said and done, the sick lose more than had they not petitioned for price drops, as future medical breakthroughs are lost.
With this in mind, now consider Bass’ statements about China. Kyle has said that there is a forty to fifty percent chance the Chinese debt bubble will burst by the end of 2016, lowering the US economy by 20%. He’s pointed to their freezing 3 trillion dollar bond market as evidence. As yet, this isn’t directly indicative–though it seems compelling. Bass has been preaching Chinese economic declination and subsequent currency devaluation since around the end of the fourth quarter in 2015. Now it’s August, and as yet his predictions have yet to bear fruit. Is he trying to manipulate investors into curtailing their investments to secure his own? That seems to be the case, but it’s hard to know. One thing is sure: Bass has some kind of ulterior motive.