BREAKDOWN: ‘The 4 Wars We Could Fight With China,’ Feat. Kyle Bass
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 January 2021
⏱️ 47 minutes
🧾️ Download transcript
Summary
One of investing’s loudest critics of China shares his assessment of where the U.S. political and business relationship with the country is headed.
This episode is sponsored by Nexo.io.
In this episode, NLW speaks with Kyle Bass. Kyle is the founder and chief investment officer of Hayman Capital Management, a hedge fund focused on global events. He is known for correctly predicting the subprime mortgage crisis, as well as for his outspoken and critical views on China.
In this episode, he and NLW discuss:
- Contrarian investing
- The larger macro landscape
- Bitcoin and crypto
- How the U.S.’ relationship with China changed under former President Donald Trump
- How the relationship is likely to evolve under current President Joe Biden
Find our guest online: @Jkylebass
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Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.
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Transcript
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| 0:00.0 | The West intense desire to earn a profit off of a dollar, a euro, a pound, or a shekel. |
| 0:06.4 | And China's desire to exert its influence globally, actually exert its influence both |
| 0:13.6 | economically and militarily around the world. China uses our greed and our avarice as their |
| 0:19.6 | number one carrot. That is exactly how they operate. |
| 0:23.7 | If you can't see that, you've got to be blind. |
| 0:27.4 | Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and |
| 0:34.3 | the big picture power shifts remaking our world. |
| 0:43.3 | The breakdown is sponsored by nexo.io and produced and distributed by CoinDesk. |
| 0:51.5 | What's going on, guys? It is Tuesday, January 26th, and today I'm delighted to bring you an interview with a very special guest. Now, the breakdown may seem to you |
| 0:56.1 | like it's about Bitcoin. Perhaps you buy my idea that it's more about macro. I just happen to think |
| 1:01.9 | that you can't really look at macro right now without spending serious time and effort on Bitcoin. |
| 1:07.1 | But really, it's about something even larger, which is power. |
| 1:14.9 | Specifically, how power is shifting in the world around us. |
| 1:20.1 | Bitcoin, as my guests and I have often argued, is a tool for power redistribution. |
| 1:23.2 | In many contexts, a tool for reclaiming power. |
| 1:28.1 | I cover things like central bank digital currencies because they have massive power implications as well, although in a relatively opposite direction as Bitcoin. |
| 1:31.9 | And there is another aspect of power that I think is essential to understand at the same time. |
| 1:37.5 | This is the power balance between states. |
| 1:40.5 | Anyone who seeks to understand the larger world we live in from an economic or political perspective |
| 1:44.9 | must at least spend some time trying to understand the relationship between the U.S. and China. |
| 1:52.0 | Today's guest is one of the macro investors best known for his views on exactly that topic. |
| 1:57.6 | Kyle Bass is the founder and chief investment officer of Hayman Capital Management. He gained |
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