fake news.

Really? https://www.wsj.com/articles/chinese-tycoon-holed-up-in-manhattan-hotel-is-accused-of-spying-for-beijing-11563810726

It is happening now thanks to the trade war.

Yea. Let time prove.

No way the third option. CCP is very very exclusive like the old royals in Europe who would not allow anyone to join "haflway". Either you are born to be a CCP leader, or never. Jack Ma is rich, but he's only a doorman of CCP leader and can be replaced any time.

I think your detector is broken

I agree with Dane, I have spent decades around Asians, I read exactly the opposite. At times, I could replace him with a friend, whose background I know, when he was speaking, and this man is speaking with integrity, if difficulty in English. If you do not have the background, and experience at length with Asians, would miss the idiosyncrasies. All signs speaking to truth, insofar as he can. When Bass tries to talk grand Monetary issues, out of his purview perhaps. Wish he would have got into details on moving money, laundering, or pay to play in system, or patronage networks, because am quite sure he knows those details very well.

So that's why China has been close behind US for a decade and US doesn't even realize the problem. Good that Donald Trump has realized it.

Correction: “retired”

Or so I heard from CNBC. Feel free to judge me.

Or so I heard from CNBC. Feel free to judge me.

Yep pretty much.

Actually, soaring gold price is crushing to USA and a boon to China. Read GaveKal Research for eg (institutional research based in Europe & Asia with boots on the ground). China has approx 10X more gold than US, mines most of the world's gold (and almost all of its rare earths) and has killed the US petrodollar with its gold-backed petroyuan exchange, which since beginning just this year has already grabbed 25% market share of the global oil trade.

Has it really killed the petrodollar? I think that’s a bit of an exaggeration.

I thought the Chinese populace held gold because they don't trust their government to maintain honest currency.

Helps them plenty if they are invested in China, or thinking of doing so.

It helped me to decide to place a bet against BABA.

You need to watch the Steve Bannon interview --- Trump is better at the art of the deal than you think. China is paper tiger, once Trump was elected they didn't know what to do, he came in and flipped over the board, without their insiders doing their bidding China no longer has the advantage. Like Kyle said there has been a trade war going on for decades, only it is not until Trump that the USA decided to fight back.

That is how it came across for me as well.

Great comment..This interview is bringing out great comments

good comment...everything needs to be taken with a grain of salt these days.

Vince, if you have spent any time doing business in the East, you should know that what Westerners call "corruption" is a way of life here. Do you think the US's Foreign Corrupt Practices Act actually prevents Western companies from engaging in the same acts of corruption as local businesses? I've got some natural gas in the South China Sea to sell, if you believe that. You cannot be a successful investor unless you have a view of the world and you have high conviction in your world view. Bernie Sanders is never going to be bullish on the banking sector. If Kyle is bearish on China and has money on the table to follow through, he has to have a very personal worldview which keeps him in that trade through all the volatility and the mainstream media narrative. That doesn't come without deep soul searching. What you cite as Kyle's weakness is actually what I would call his biggest strength as a portfolio manager. "Terrorism" is an undefined word. I'm a freedom fighter, you're a rebel, they are terrorists. Everything depends on who presents the news (worldview again, which is essentially what it comes down to). How many people have what it takes to openly campaign against the dictators? Bill Browder did it with Putin, Miles is doing it with the CCP, Julian Assange and Edward Snowden did it against the US government. This is the kind of conversation that makes RealVision TV worth its subscription prices several times over. Thank you, RV TV, for giving me this great start to the weekend.

Hi Kashyap, thanks for the reply and I understand where you're coming from. I will say however that I am ethnically Chinese. I straddle both the "west" and "east" and understand exactly how culture and business in Asia, specifically East and South East Asia, works.

Correct me if I'm wrong but it seems like the Hui are fine right? It's only Uyghurs who are targeted? So sort of an ethnic thing? (not defending terrorism or anything like that btw)

VINCE ~ It wasn't difficult to assume that you might be ethnically Chinese. You "just care for what works" but can't conclude from 200 plus years of history that democracy is the thing that works?

Hi Sean - Specifically, a sub group of Ugyhers (radical muslims) have caused acts of terrorism on local people within Xin Jiang. Hi Jim - the jury is still out. Democracy isn’t working currently and certainly poorer when compared to Singapore’s government structure. Your comment reveals your ignorance and lack of critical thinking.

Jim, please explain which democracy is "working" now? The only model "working" over the past couple decades is stinking rich, successful, clean, safe Singapore. And it's authoritarian.

Ridiculous comment. What they're doing with the Uigher is a slight variation on what they did to Tibet, and what they did to the most rural and undeveloped regions over the years to enforce Han uniformity. Xinjiang is geographically, culturally, racially and religiously distinct and the use of the word "terrorist" is ill-advised. There are lots of reasons to go against this guy, but Xinjiang? Er, no. There are a lot of weaknesses in this interview, but the most relevant one for the purpose of this thread was was the failure to place his remarks in clearer context regarding the cult of personality surrounding Xi. US corporates are implicated, negatively, with what's going on in China right now. US corporate interest in China conflicts with US national interest. Bass is not the right interviewer for this character - who, in my opinion, should not be allowed public platform. He stinks.

Hi SD, whilst I agree with you with respect to the interview I need to correct you on the following: you are wrong with respect to your comments on the Ughurs/XinJiang region and Tibet. To put in your words, “ ridiculously” wrong. Although there have been many wars shed in its history, China itself grew and unified through her people’s acceptance and subsequent absorption of culture and language. China itself is made of many, many ethnic and regional cultures, majority Han, Tibetans, Ughurs and many other minorities included. The Han ethnicity itself is also highly diversified and not a monolithic majority, as most non Chinese may think. China is a civilisation masquerading as a country. For an accurate view of China’s people you can’t lump them as majority Han and all the other minorities. That’s ridiculous from any mainland Chinese’ point of view. You are not familiar with how China is, came to be and grew to the size it did. That’s okay. But I need to make the correction in writing here.

Chinese are not monolithic but Han is predominant, and the invasion of Han explains the subjugation of Tibet. They cannot do the same in Xinjiang because of the racial and religious diversity amongst that community, hence the appalling choice of incarceration. If that's "what works" form your perspective, there's something wrong with your perspective. I agree that Bass comes with an attitude, but it is one formed on the basis of information, rather than appeasement under the guise of "cultural difference." This happens a lot to people who live in China. The attitudes become normalised. That is something to be fought against.

China has a long history of using population to expand influence. They're doing it around Vladivostock right now, and you could argue it's going on in Canada also. But they've run into a brick wall in Xinjiang. These people are almost Caucasian. Blue eyes. Different racially. Very distinct culture. Not Chinese. Hence, concentration camps, enabled by the racism that is endemic in China and amongst Chinese.

Hi SD, I can tell you’re an intelligent guy/girl. I agree with you on your comments with respect to Kyle Bass and the interviewee. But that is some downright wrong and factually incorrect comments you’re making on China and Chinese people. Ugyhers ARE Chinese. It’s not even a question, it’s laughable. Their DNA is Chinese. They look, think, act Chinese, and if you speak and ask them, the overwhelming majority call themselves Chinese. Same goes for Tibetans. One would be laughed out of China by a majority Ughers themselves if they’d suggested otherwise. There are prominent Chinese stars of Ugyher ethnicity winning national awards. Ugyhers ethnically do have small amounts of Turkish roots blended with their Chinese (not Caucasian - this is incorrect), making them an ethnic minority vs the Han. Sub groups of Ugyhers recently, have had direct ties with terrorist forces in the Middle East with increasing amounts of terrorist acts against Chinese locals - but I’m not discussing this. The only real country right now struggling for independence is Taiwan (and they are increasingly becoming more pro mainland China). Next let’s carve up America because one half doesn’t 100% entirely look like the other. Cede Hawaii, then split the east from the west coast and the mid and south regions because there’s some distinct religious differences between those sections. Canada should also be carved up because certain sections are divided by French, Chinese and English speakers. (I’m being sarcastic about this btw...). Suggestions like carving up China is exactly what’s got the rest of the world laughing at Americans (realise you may not be American). You lack an understanding of China and Chinese people perspectives - including Han, Ugyher, Tibetan, Hakka, Cantonese, Han, Dojiu, Fujian, Taiwanese, and the regions: north, north east, west, south, middle of China. Better not comment on things you don’t understand rather than offend 95% Chinese in both the mainland and worldwide. China is a civilisation masquerading as a country and you entirely missed the point of my last comment. As I said, the Han themselves have so much genetic variation within being Han. I feel the overwhelming need to write this to clear misinformed opinions (not facts) that some western people but not most (I hope), have of China and Chinese people. Let’s leave it at that.

China has been China multiples longer than the Americas were colonised. 5000 years in fact, lol.

The racism is implicit in the last remark. China never tires of telling the West how old it is, assuming this is relevant, when for the West it is entirely irrelevant. We don't care. Sorry. Insular, racist, and deeply nationalist assumptions are inconsistent with fact or an accurate view of the world. This is why it's important to challenge your sort of nationalist rhetoric. Peace requires it. And by the way, my opinions are rooted in years of living in the country.

The suit comment was ill advised, intended as a metaphorical jibe that didn't resonate.

please record the msg somehow, and send it to someone who can translate it for us! (perhaps RV can get the translation done - & perhaps even help you get the msg recorded & sent to the xlator?)

You must've been sick when the stories about Yuan/Ruble trades in newly defined energy futures made the rounds. They are routing around the USD, and its obvious.

There's a saying in China roughly translated that says "If you can cheat, then cheat." None of what Guo is saying surprises me in the least. I'd love to hear your explanation of how a selfie gone wrong in Provence is the official narrative. Its ridiculous. He wasn't a 20-something addicted to his social media account.

OMG Niall Ferguson is such a propagandist it makes me laugh that you can actually site him, only someone completely ignorant to his game and takes Ferguson as a legit journalist can believe the lies. I love that your comments came up immediately after mine --- please I hope people do their OWN research and do not trust nonsense that Jens V promotes. This is not about enjoying cheap stuff from China - never was and never will be. People have to wake up that world is not about playing a game of checkers. Criminals that control world play 3-D Chess. Look at Rockefeller connection to China prior to Mao and after "so called people's revolution". Globalist have gotten better at hiding their lies then they used to be -- Nomi Prins comments on this on her book "Collusion - How Cental Bankers Rigged the World"

Just wonderful how delusional you are.

Hey Igor, I hoped you watched the Bannon interview -- because he basically is saying the same thing as me -- he mentions Kissinger by name and calls the whole Thuycides Trap bullshit (which it is). Graham Allison and Kissinger both work for the same guys (Globalists Rockefellers & friends) they have both been pushing this soft touch with China for decades, while our own country dies. -- Bannon calls them the Davos Crowd -- look up the members of the CFR (an organization created by guess who? Rockefellers ). Igor u need to stop believing in the Easter Bunny and read a book. Start with Nomi Prins, but I guess this ex Goldman Banker is delusional too. LOL!!!!!!!

I always look forward to your comments Kathleen because I know you have such a good handle on global history and what has gone on (and still does) in this evil world that is controlled by a few elite families like the Rockefellers. Obviously we all subscribe to RVTV for the unique and wonderful investment insights we are consistently provided with, but anyone who has widely read the history of the financial system and especially the Federal Reserve knows it is impossible to properly grasp the big picture and its likely development without being fully cognisant of the wider facts and the influence and manipulation exerted by the powerful elite whose tentacles as you rightly say Kathleen know no political, geographic or cultural boundaries. G Edward Griffin's superb book, "The Creature from Jekyll Island" is probably as good a primer as any for anyone wanting to get up to speed. I think having a better perspective on the reasons financial and world history occurred the way it did can only help us all with both our investment and lifestyle decisions. I hope you continue to enlighten us all with your cynicism.

Hi Kathleen, can you please explain me how is possible to expand the monetary base to such an extent for over 30 years without generating hyperinflation?Is it similar to Quantitative Easing where money is created to artificially prop up financial assets and velocity of money remains subdued? I struggle to reconcile Chinese real economy with the financial one.

ANDY ~ If inflation is "too much money chasing too few goods" then it can be explained by the transfer of wealth from individuals to the gov't and it's SOE's, etc. over two decades. There's been very little "chasing" going on.

Andy --- in order to have inflation you to have money changing hands (this is called the velocity of money) -- If a few people have all the money there will never be any inflation because they can not possible spend enough of the money into the system to create the inflation. Inflation only happens when the masses have money in their hands and start to spend it --- China printed money to keep a Ponzi Scheme economy going -- they bail EVERYONE out.

Open the close

Practice makes perfect man

Politics, business & religion...they all sleep in the same bed, they all dirty the same linen #selfquote

Sandeep, China does not have rule of "law" more like rule of "regulation". This is a very important interview. If Kyle Bass considers this important from and economic and business perspective then that is good enough for me frankly.

Sandeep, obviously you're a bit naive about foreign investment and dealings. China's rule of law is at the whims of the party. Everything belongs to the party. There is no enduring economic philosophy. They took advantage of the world by providing cheap labor while learning and hording technology and close its domestic market to its own industries. Now they're talk of the town because it looks like they've over-extend themselves with debt. Which is why I assume RV covers this.

China has no rule of law. Watch the China Hustle documentary where one set of accounting books goes to the Chinese government (the accurate financials) and the other set of books is used to sucker American "investors"

Please tell me how China has rule of law when there's a worsening social credit score that can get someone put under house arrest or worse?

Obviously you have never been to China or discussed matters with any Chinese citizens

In 1984 the Proles never revolted, and I think Orwell believed they never would

Low IQ comment

Watched the youtube video. Filmed back in 1984 and very relevant today. Funny thing is in 1984 he mentioned Jane Fonda as useful idiot. Which is true. If people continue to think CCP or other similar "communist" dictator countries wants to have peace and free trade with the US they got their ass stuck in the sand somewhere. CCP and Russia wants US to be destabilized and weakened. Although Miles Kwok may come across as being a bit sensationalized, he is pretty on point about the key issues on what CCP will do. There is a lot of fear among the rich in China. Jack Ma stepping aside from the empire he built at still such a young age isn't by choice.

Watched Bezmenov's interviews last year. Eye opening. Brain washing is very much visible in academic campuses.

Filter out "Kill Americans" .... Chinglish and hyperbole mixed .... I interpreted it as weaken and destabilize America

Really just saying what Miles said. Kyle Bass stated several times "hard to believe". I was just going with that. Thx.

Isnt it even better then? An ex-thug/crook that is spilling the beans.

If he was not a thug before,it would be much more difficult to believe what he is telling. The thing that he was inside this corruption system, makes him more legit. There is no other way to know how an organized criminal organisation works if you don't join them.

yes perhaps it's better and yes it's useful to have a thug saying things — but listening to him is like listening to Party officials themselves. You have to think through which parts are the deliberate lies, which the truths, which the half-truths, etc. A simple preface about his background and how he was mobbed up with the worst of the sadists in the secret police apparatus, how he entrapped and bugged mayors having trysts and got them locked in torture dungeons by the Central Commission for Discipline Inspection, etc. etc. etc., would all have been appropriate background.

Where in the “circus show “ media will you hear these type of interviews Bowden or this man? What makes you think that it’s Realvision’s job to fully vet/sanitize their interviewees? Who out there does that anyway? Every person is responsible to conduct their own due diligence in investing, in politics and in their lives.

Good idea Radwan. I had a China stock watch list. This certainly prompts me to really question that. I was always aware of inaccuracies, but you just can’t ignore issues like Jack Ma etc. This has really got me thinking about China, and I wish all the critical commenters would do just that. Agree or disagree, but if this doesn’t get you at least questioning the China narrative with a bit of research etc., then you’re a sheep who deserves to lose their money.

Saudi got sloppy by killing someone in an embassy (which happen to be bugged and Turkey is a major foe of Saudi).

Yeah, like George Orwell wrote, all the animals were equal. It’s just some were more equal than others. Communism just doesn’t work. Fine in principal, but one the rubber hits the road, man’s self preservation and progression takes over.

And you trust that data?

exactly agree

This is "Group Think" .....

Peter D. Please explain

Andrew: RV often uses the "Hotly Debated" tag on comments which are relatively innocuous or where there is little or no debate.....instead of highlighting issues of real diversity of opinion or depth....that readers really should pay attention to....

Tommy Robinson, recently imprisoned without a fair trial and held in solitary confinement in one of the highest muslim population prisons in the UK, also comes to mind.

C.S. Thanks, The list just gets bigger everyday. I do have hope that we can improve, but it will take a lot of work. DLS

Agreed, although RV could repackage it and summarise it at the same time.

I think that’s harsh criticism but a fair point. Tricky as I doubt Kyle’s Chinese is that good, but yes, probably having him answer in Chinese with full translation / subtitles would have lead to both more eloquent answers and reflected better on him.

Strongly disagree. RV is all about counter points and not consensus view.

Doesn't mean you want it in your living room.

Don’t watch it then S D. But don’t stop others from having the opportunity to watch it. We’re not in China after all.

Quote from the interview for reference Grant-So, what happens-- this whole idea of the internationalization of the yuan? This opening of the capital accounts. This idea that the yuan can become a global reserve currency. Which, you kind of think it has to at some point. But it seems like such a long way away from me. From here. ASY-It's over. It's over. They decided, I think about two years ago, that that was a mistake, because it left them with a very thin pool of CNH overseas that they had to manage, and it became too difficult. So first they retracted the pool of renminbi offshore, and by the end of last-- by 2016-- I don't know, it was down. I forget what the numbers are, but they retracted it quite considerably. And then this year they've been inducing a lot of volatility into the CNH trade in order to make it less attractive as a hedge. And I think the thinking is they're not going to announce anything, but they're gradually-- and banks have been kept from allowing sweeping in multi-currency accounts, and sweeping into renminbi offshore. That's been the even more tightly controlled than US dollars. So it's basically, like, over

I generally look at what someone is doing, rather than what someone is saying. Actions will speak louder than words.

Yep, I’d say this plus the Stan F. Drunckenmiller are our most commented pieces.

Grant says right at the start that this is unfiltered content. RV exists (so far) to be different. None of their interviews so far have been corroborated by secondary sources, beyond the interviewee. That's what the comments section is for. If this guy is filled with BS, he'll be exposed quickly enough. So take your best shot.....

Forgot the unexplained millions. Sorry. Billions. With a B.

..... great conversationalist, etc....My thoughts exactly....

This looks like the 'uncut version', all 1h 45m of it. Not sure why its on YouTube unless you want to get maximum exposure and turn this into a political issue - huge risk here for the people involved IMHO.

Published there 3 weeks before RV, interestingly. My spouse also found this vid on Youku Tudou and iQiyi, which are 5X bigger in terms of active users and data streamed than youtube (as most in eastern Asia use something else). Scores of views and comments about this vid. Let's just say the tone there is very different than in here.

Clarification: In the above, US means the US regime (i.e., US government, the deep state or whatever you might call it).

You don't like the US, we get it. However this vid is about China.

No, in the opening he claims it's an urgent call to action to America. Seems like either a personal agenda or a propaganda piece with someone who, unlike Mr Snowden, who has no evidence. Like the Gulf of Tonkin and Iraq WMD false propaganda in the prelude to those wars. There's no love here for CCP (altho I see it enjoys 85% approval by their populace per European polling), but if you're going to war better be certain what you're going for. It's already a slippery slope from here to there with the US deep state and military industrial complex increasingly banging the war drums (again).

"altho I see it enjoys 85% approval by their populace per European polling" you trust polling from a country with Orwellian surveillance on steroids and mass internment camps? Mkey. Who the hell is talking about war here? When Chinese money corrupts American politics even more than it already is, it's probably a good time for some action, as in applying the laws that are already on the books.

Right, probably cuz Hillary lost due to some negligible Russian involvement in the US election process LOL. Which no other state does, right. Especially not the US regime. Nope, it has often engaged in foreign coups, assassinations or military invasions, even with false pretense and fabricated "evidence".

US regime and deep state should focus on cleaning up its own massive foreign interference and civilian mass surveillance (as proven by Mr Snowden). Those who live in glass houses ought not to throw stones.

Excellent point. Mr Dalio appears to be on the opposite side of this in numerous ways including the debt and economic outlook for China.

Not much of a journalist then, are you.

Hey mate, visit China and see for yourself. You may learn pedigree of the individual and basis of fact have almost no correlation.

Please explain what you mean in relation to this interview.

I made a separate comment above explaining what I thought of the video. Essentially I think the video series is politically charged and contentious in its claims/interpretation. If Kyle is anti China/CCP, the information you seek from him will likely be filtered by this bias. The best way to see for yourself is to visit China. My guess is that many Real Vision subscribers have never even visited the country, let alone stayed for a prolonged period. They will experience a very different China than the one western media spits out (and yes, Real Vision is also the media). Keep in mind China ain’t small - where one would choose to go is also key.

Better to doubt everything. All of this.