The lesson from the Israel-Iran-U.S. situation is going to make the Chinese think twice about being more belligerent on the military side.

In this episode, I'm sitting down with Kyle Bass, founder and chief investment officer of Hayman Capital Management,

to get an update on how China is faring since we last spoke five months ago.

There's nothing that's going to bail China out of their economic spiral.

We're having a real estate crisis, a banking crisis, a youth unemployment crisis,

and now they need to be worried about their current account.

How have the Trump administration's policies and recent events affected China and its economy.

And how have they impacted the Chinese regime's ambitions for Taiwan?

And when China moves on Taiwan, the world will further bifurcate.

And I think we all need to be planning for that day.

This is American Thought Leaders, and I'm Yan Yekj Kielik.

Kyle Bass, so good to have you back on American Thought Leaders. Glad to be here, Jan.

So, Kyle, it's kind of a historic day.

The beginnings of some kind of ceasefire between Iran and Israel, it seems it's already broken, but maybe not entirely. I get the

sense that things are being worked out. What brought this about immediately, in the most immediate

sense, was these bombings of the Iran nuclear sites. And I guess, and it seemed like you had a lot of certainty

when I was, I was following your feed about the fact that this was actually going to happen

over the weekend. So maybe if you could kind of explain to me why you understood that this

was actually happening, because there was an unbelievable amount of speculation,

if I recall.

Yeah, I think, John, I think when you saw it was noted that we moved 30 refueling tankers into the region.

We have two carrier strike groups there and we were supposed to have zero.

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