The Kyle Bass Interviews: Stephen K. Bannon’s China Warning

Published on
November 2nd, 2018
Duration
56 minutes

The Kyle Bass Interviews: Stephen K. Bannon’s China Warning

The Kyle Bass Interviews ·
Featuring Stephen K. Bannon

Published on: November 2nd, 2018 • Duration: 56 minutes

Stephen K. Bannon, former White House Chief Strategist, sits down with hedge fund giant Kyle Bass to discuss America’s current geopolitical landscape regarding China. Bannon and Bass take a deep dive into Chinese infiltration in U.S. institutions, China’s aggressiveness in the South China sea, and the potential for global conflict in the next few years. Filmed on October 5, 2018 at an undisclosed location.

Comments

  • WW
    William W.
    31 August 2019 @ 20:44
    ...late to the party on this one but WOW...what an eye-opener...
  • LL
    Lo L.
    30 August 2019 @ 13:18
    Bannon claims mostly China is responsible for inequality in the United States while it’s mostly us politics and central banks who had policies to favor the top 1%. Take for instance the tax reductions under trumps order.. so bannon claims to be a helper of the small while supporting a white suppremicist fake news network
  • CG
    Cesar G.
    7 August 2019 @ 15:44
    I cannot find Unconventional War book by Admiral Liu. Any suggestions? I checked all over the internet to no avail. Great interview!
    • MK
      Martin K.
      13 August 2019 @ 12:07
      It's called Unrestricted Warfare (1999) by Qiao Liang and Wang Xiangsui
  • bk
    brian k.
    7 August 2019 @ 03:00
    You can't really talk about terrorism until you look at the Mossad involvement in 9/11. Period. and also debate the fact that big nation armies are now effectively corporate terrorists
  • KB
    Kunal B.
    29 July 2019 @ 05:37
    Outstanding interview.
  • DV
    Donald V.
    23 July 2019 @ 20:31
    EPIC
  • MS
    Matt S.
    30 May 2019 @ 10:45
    That was outstanding!.......... top tier Real Vision. Would give my left arm to spend a day in a room with those two guys...
  • BD
    Brian D.
    22 May 2019 @ 19:20
    Truly fascinating and incredibly interesting!!
  • WW
    Wade W.
    11 April 2019 @ 13:30
    The world is one big game of risk and the players have already been established. They are the reigning superpowers of the world and their seat at the table has been secured by their military capabilities .... aka: nuclear strength. It's a game changer that nobody can change. The key now is how you play the game, and nationalism and national sovereignty are the only way. Of course you try to get along with the other players, to best serve your agenda. But if you think you're going to tell China, Russia or the USA how to play, or how to divvy up this world, you're delusional. And they themselves can cry and moan all they want but know they must tend to their area of the world. It's why the South China Sea will never be taken back from China. The reason Venezuela will eventually be under US control. And the reason no country has forced Russia to leave the Ukraine. Now how to navigate the economics of it all is where the real fun lies. Love the interview. Love the RV platform, glad I joined. Now looking for more specific ways on how to play the markets, profit from them and hopefully become an American citizen. My country, Canada, has lost its way.
    • td
      t d.
      9 May 2019 @ 20:44
      Also quite interested in the post conversation.. this is the direction the China USA Market is moving, we have these scenarios at play, here's how you can stand to toss up your bets and make a chance for profit..
  • DD
    Des D.
    5 April 2019 @ 16:09
    Excellent! Probably one of the most engaging & interesting interviews I've listened to. I'm not a fan at all, but Bannon is clearly no dummy, and there was a lot presented that gives much food for thought. I thoroughly enjoyed this, but for any discerning individual, one would need to hear a point by point counter opinion, from an equally intelligent and credible individual. How about it, RV?
  • TM
    Tom M.
    31 March 2019 @ 00:59
    Trade with people who will trade with you. China broke the game.
  • JT
    Joseph T.
    5 March 2019 @ 20:54
    Brilliant. Bannon is fascinating, and Kyle's insights and perspective invaluable.
  • CH
    Charles H.
    2 March 2019 @ 04:56
    Impressive interview, thanks.
  • ED
    Eric D.
    31 December 2018 @ 19:07
    One of the best interviews on China I have ever seen. Kyle, I hope that you continue your excellent work on RVTV in 2019. Thanks!!
  • GT
    Garry T.
    12 December 2018 @ 19:08
    Fascinating...I feel like I've just been listening through the keyhole in the Oval Office, albeit a few months ago. The question I have is ...when will the advertised trillions and trillions in bad debt going to catch up with China, and how it will play out worldwide, if and when it happens. Steve clearly sees the headlights in the tunnel coming at us now. We've heard this elsewhere for years, but could we be at the critical inflection point? Certainly, the markets are worried about something.
  • JD
    Jonathan D.
    5 December 2018 @ 20:18
    A great and informative interview. Ban on and Trump are the greatest thing to happen to the Western world in 30 years. I’ve been blocked by RV people for talking like that about Brexit.
    • JD
      Jonathan D.
      5 December 2018 @ 20:19
      Not Ban on, Bannon
  • KS
    Kathleen S.
    30 November 2018 @ 19:48
    If what Miles Kwok and Kyle Bass say about the Chinese fake economy and insane internal money printing is true and if China should start getting crushed by Trump's trade wars - would they not respond by pulling out their gold card. China knows it can't beat the US in a military war -- but what about a currency war???? If China is able to do what Libya & Iraq were not allowed to do and that is to upset the US dollars hegemony, what happens??? For the last 40 years gold has moved one way from west to east and we know that China never sells any of its mined gold --- what happens if we open the doors of Fort Knox and there is nothing there?? Anybody say bitcoin, LOL! That would be awesome because I owe a few of those.
    • KS
      Kathleen S.
      30 November 2018 @ 19:49
      I mean own not owe -- typo.
    • MC
      Max C.
      28 January 2019 @ 01:04
      The US Dollar is the world's reserve currency. The Fed controls the world's money supply. Gold is worth something, but it is dependent on what it is convertible into for exchange purposes. Try to buy a gallon of gas with a gold coin.
  • DR
    David R.
    29 November 2018 @ 04:28
    Jack Ma, the recently departed Alibaba CEO and founder, has now officially joined the chinese communist party.
  • DR
    David R.
    29 November 2018 @ 04:28
    Jack Ma, the recently departed Alibaba CEO and founder, has now officially joined the chinese communist party.
    • DR
      David R.
      29 November 2018 @ 04:29
      I did not do this double post. Weird.
  • FM
    Faris M.
    25 November 2018 @ 22:17
    In the last 100 years the USA has destabilised over 50 sovereign nations through military action or financial interference. It is the only government to use a nuclear weapon against civilians but somehow they are the barometer of global ethics and the warning cry against the ambitions and potential threat of other nations!?
    • MC
      Max C.
      28 January 2019 @ 01:08
      Democracy, as practiced in the US, is a very problematic system. Until all the others have been tried. It is not surprising that you feel the way you do, and I sympathize with you in a way. But observe who were the leaders of those "sovereign nations" and what was their political system that caused the US to destabilize them? We do no tolerate any system that could be a threat to ours. Period.
    • JT
      Jason T.
      27 February 2019 @ 04:56
      Indeed. If there's one thing accurate in the interview, it's that the US is treated as a "barbarian state", because it is.
  • BP
    Besar P.
    25 November 2018 @ 19:30
    Not sure why Bannon gets trashed on the news. He does make a lot of sense on most things in this interview. But one shouldn’t dismiss China as a paper tiger. Like Jim Rogers says; China is the only recurring global power in history. And their rise now is not their first time, nor their second time in their 4,000 year history.
    • DR
      David R.
      29 November 2018 @ 04:25
      Right. 6,000+ year history, and they were on top for around 2,000 years until 1600. China and India together had been 1-2 or 2-1 for so much before and this is almost certainly going to be the case very soon as per Raoul's analyses and deep dives in Macro Insiders. America is nearly finished, a mathematical certainty, so get used to it and adapt.
  • WM
    Will M.
    25 November 2018 @ 15:53
    Great interview: As someone mentioned below; the segment from 32:45-31:07 remaining. EVERYBODY needs to hear this sobering bit. In a very few years this issue will be front page and center. I agree with about 75% of what Bannon says. Trade is war.....its just a quieter form of conflict. Good interview by Kyle.
  • SL
    Steven L.
    20 November 2018 @ 04:48
    It's worth downloading the transcript of this video and reading it. Not because the thoughts are well articulated but because you'll get a good sense of how Bannon operates. Bannon reminds me of a political candidate giving his stump speech except his thoughts are frequently disjointed. Kyle asks leading questions, does zero push back and zero followup. I really hope RealVision offers an analysis of the China trade situation that's more useful. The entire interview reads like propaganda to me.
    • MC
      Max C.
      28 January 2019 @ 01:12
      The interview wasn't about the China "trade situation". It was about China's threat to our way of life. Would you rather live under the Chinese totalitarian state or the US?
  • jl
    jay l.
    19 November 2018 @ 05:09
    https://www.youtube.com/watch?v=qwdTQd-CF7c
  • JW
    Jason W.
    18 November 2018 @ 21:06
    Great interview and exceptionally enlightening to hear Mr Bannons views but Mr Bass; his views on China are quite clear by now from this interview and many others and I’d like to hear maybe a more neutral or even opposite set of views on the huge topic that is China. A full length interview with Micheal Howard would be my suggestion. Thanks.
  • TE
    Tim E.
    14 November 2018 @ 05:56
    Incongruous, isn't it, that Bannon and Bass seem to think the body of water that in English is called the "South CHINA Sea" somehow belongs more to the USA than to China. You can't make this stuff up... lol
    • DR
      David R.
      14 November 2018 @ 10:46
      SEATO is voting on the proposal, 90% likely to pass, of banning all US military craft from the South China Sea and Southeast Asia. US warships are now routinely being denied port in the region and have had to go to Australia. The next step: Pressure Australia to close US military stations and deny US Navy docking, or be sanctioned from trade with Asia. Already, China has re-sourced much of its copper supplies from Australia to Chile. This is why Australia is entering recession and Chile is booming, even as other South American countries are in depression (Argentina, Brazil, Venezuala, etc). US out of Asia!!!
    • CH
      Christopher H.
      16 November 2018 @ 16:17
      You misunderstand. US is protecting the free rights of all SEA countries to use the international waters. Without the US there china will strangle every other country economically GUARANTEED. Please rewatch and take some time to ruminate on what is stated.
    • Dl
      Dillon l.
      25 November 2018 @ 01:15
      You sound like " A Gulf Of Mexico" belongs to Mexico. "Indian Ocean" belong to India... Does it really? "lol"
    • MW
      Marcus W.
      3 December 2018 @ 08:16
      Simply the US is protecting the freedom of trade for all countries that ship goods through the SCS. Goods need to be shipped by sea or road. Hence the One Belt Road. You block the sea, force everyone to use their road by which they put toll gates on and henceforth control the global economy. If the South China Sea doesn`t stay open China holds a lot of power. It's the "Middle Country". China is written as 中国. Middle + Country so China is using it`s geographical advantage. Sign counties up to the OBOR initiative, with big loans, make them go bust, take control of more and more ports and countries. If they control the flow of goods they can control the economies of varies countries.
  • JH
    Joseph H.
    13 November 2018 @ 19:15
    Good stuff. I do think "reorienting the entire world's supply chain away from China" is easier said than done and more of a boast than achievable. And lets' be honest, is Jockey underwear bringing back factory jobs to Kenosha, Wisconsin anytime soon? Much as I'd like better made underwear Mr. Michael Jordan. As for IP theft, currency manipulation, disregard for international law, human rights and environmental violations, guilty as charged. Thanks for pointing me to the Kurt Campbell piece that he and Ely Ratner penned for Foreign Affairs. Well done RV but one suggestion, next time a F-150 or Ram-1500 in the background.
    • DR
      David R.
      14 November 2018 @ 10:42
      "As for IP theft, currency manipulation, disregard for international law, human rights and environmental violations, guilty as charged." You're talking about the USSA, correct? Canadians want to know!
  • GC
    George C.
    13 November 2018 @ 00:36
    Interesting albeit nothing new. Most of all, a pretty obvious pitch to get back into the White House or the 2020 campaign. Hard to imagine he could have kissed up more to DJT.
  • WM
    Will M.
    12 November 2018 @ 00:17
    Just look at the margin of thumbs up here......says a lot!
  • YB
    Yair B.
    11 November 2018 @ 23:08
    Hate the guy, but this was very interesting.
  • pd
    preston d.
    10 November 2018 @ 18:48
    What I LOVE about this interview: The segment from 32:45-31:07 remaining. EVERYBODY needs to hear this sobering bit.
  • CW
    C W.
    10 November 2018 @ 13:10
    Mr Bannon's disdain for the "elites" are understandable and justifiable. His ideas on how China should be viewed and dealt with are controversial but do make some sense. I wonder if he hopes the American President who shares these controversial ideas and who will seek to realize them is himself less controversial in his own personal conduct and behavior. Will it help the cause if Mr Trump does not add to the anger and divisiveness among a large part of the American people?
  • DC
    Dan C.
    9 November 2018 @ 22:17
    Pity Trump seems to have reneged on his rust belt voters and not drained a single litre from the swamp. Is this why Bannon got fired because Trump needed to play BS DC politics and appease the Elites to ensure he was not impeached!? Bannon is clearly a genius but the wretched neoliberal corporatist owned media is out to defile him on every turn in order to keep Davos Man front and centre. This planet is screwed. We are heading to war. Never mind global arable soil depletion at 1% per year!? If the Chinks don’t get us then Mother Nature will.
    • DR
      David R.
      14 November 2018 @ 11:00
      Racist much? In fact the "chinks" have just recently developed amazing technology that can turn a significant amount of their desert western landscape into a productive agricultural zone! Yknow, for 3000 years until the 17th century, China and/or India was by far the global leader economically, technologically, militarily and financially. The world is merely reverting back to the norm and nothing can nor should stop that. The chinese long proved themselves to be the far more benign, responsible and fair global leader than did the US during its flash-in-a-pan moment, all but over now. I fully welcome, support and embrace this transition of power.
    • JW
      Jeremy W.
      3 December 2018 @ 05:13
      "The world is merely reverting back to the norm and nothing can nor should stop that." There is no 'norm' in the world in global IR. It is chaotic. Not cemented in stone.
  • OS
    Oliver S.
    9 November 2018 @ 15:32
    A great interview. From the comments below, it still amazes me how character driven politics have become for some people.
  • CH
    Colin H.
    9 November 2018 @ 08:39
    I understand where Bannon is coming from in terms of geopolitics and economics. However with regards to his support of a pathological lying, avaricious, orange turd who espouses populism, racism, sexism, everything that the human race has been rising above for the last 2 thousand years in order to achieve his political desires because "the ends justify the means" he can go fuck his fat self into the ocean.
    • CT
      Christopher T.
      14 April 2019 @ 14:10
      get.a grip
  • PS
    Patrick S.
    9 November 2018 @ 02:40
    80% of uranium requirements for US nuclear fleet is coming from state owned enterprises. And 85% of enrichment happens in Russia or via Tenex (russian enrichment company). They have us by the balls if anything we should start with Energy security . Colder War Marin Katusa many parallels to this China situation .
    • DR
      David R.
      14 November 2018 @ 11:12
      And 85% of the world's rare earth metals, which are essential to just about everything since the 1800's, come from greater China. The rest mostly come from Africa, parts which are controlled by China who have 60-million citizens in Africa now managing their interests, and those countries are grateful for their presence and benefit from the development and freedom to go to China for education and living. In sharp contrast to the failed US model of colonization and conflict. Think about it. This is that Ace card. China could cut off the US or anyone from REM's and the US would be living a 17th century lifestyle within a year or two. Indeed, Japan promptly acquiesced to China over their dispute when China cut off REM's to Japan, as Japan Inc would have been shutdown dead-in-the-water in just 3 months. Attempts to build an REM mine in Alaska has failed. It takes 12-20 years to do so. It's public record that US military planners are scared to death about their vulnerability to a disruption of supplies of rare earth metals & powders.
    • WM
      Will M.
      25 November 2018 @ 15:46
      Now this is a GREAT comment Patrick and David. Slipped by the commenters unheeded....
  • bf
    bart f.
    8 November 2018 @ 14:23
    I am far from being a DT supporter but I agree with all these comments which in my view are common sense. The main issue of western democraties is the systemic corruption and moral laziness of team elite and I am not sure Trump would be any different. The extreme materialism and individualism which we call freedom is preventing any single individual of making any sacrifice for the greater good. China on the opposite work as a group for the long run.
  • PV
    Peter V.
    8 November 2018 @ 12:33
    Vladimir Lenin quote: “The Capitalists will sell us the rope with which we will hang them.” Lenin got the timing wrong. Not the Soviet Union communism succeeded but China style might. Who is to blame for the rope trade? The money grabbing seller or the buyer that can only get what is offered to him?
  • RT
    Ryan T.
    8 November 2018 @ 08:04
    Kyle is a rare talent-- both a fantastic interview and interviewER.
  • sa
    santosh a.
    8 November 2018 @ 06:26
    Bannon may see things clearly with China, but does Trump? He's got neocons like Bolton & Pompeo in key national security and foreign policy roles. The same folks that created such a costly mess by advocating endless wars in the Middle East that cost the US several trillion dollars and destroyed relatively stable & secular countries like Iraq, Libya & Syria. He's got Steve Mnuchin at Treasury who is totally Davos Man. Yeah, another Davos Man in Cohn as his top economic advisor until Cohn started bruising his ego by saying Trump is a complete idiot. IMO, China is far too astute and know how to deal with the "barbarians" as Bannon calls the west. It's easy because the western elites, Davos Man, only cares if he's a billionaire and has his own jet and yacht. They are easily bought. Look at the wealth folks like the Clintons, Al Gore, Tony Blair and now Obama are amassing in such a short period of time. They too have all become Davos Men. The bottom line is that Wall St, the managements of a few top corporations, Silicon Valley, and the Medical & Military complex have a symbiotic relationship with the leading politicians and the "technocrats" they hire when they're in power running government. The bottom line for them is how they can become extraordinarily wealthy. They don't care a rats ass about the Deplorables. Although they may claim to when they run for office. How much real influence does Bannon have with Trump and his Administration?
    • ST
      Simon T.
      9 November 2018 @ 12:35
      You nailed it Santosh
    • KJ
      Kelly J.
      17 November 2018 @ 15:17
      Agree with much of what MC says below. I agree that self-congratulating elites have wielded power in the Davos and the neo-liberal Wall Street globalist crowd, but the notion that Trump the billionaire bad boy actually cares about the "Deplorables" is pure baloney - He's like every other fear/hate/divisiveness demagogue who uses those tools so he and whatever rich 'friends' will be 'loyal' to his rip off culture can seize power. Real grass roots populism needs to clean away all the corrupt imposters at the top both among the 'globalists' and the 'nationalists', and find a balance that works for the most people possible. If you actually care about people and the world more than 'money' and 'winning' and being a rich jerk like Trump, you don't pretend climate change is a hoax - you just don't do that. You don't work to destroy workers' rights and voting rights and civil rights. You don't work hard to eliminate people's insurance coverage for pre-existing conditions and pretend that the worst in the developed world health care for the general population in the US is anything other than crappy and too expensive. Trump and Bannon both tell some truths - but ultimately, politically, what they do is based on the Big Lie that they give a rat's ass about the future of people they'd otherwise call 'losers' - anyone who's not rich, and not going to be rich.
  • MC
    M C.
    7 November 2018 @ 17:47
    ya know, when you read the transcript (as opposed to the constant shouting during the interview), not much to disagree with. Except - as my 86 year old immigrant father who has a grade 3 education (at best) taught me - it's not what a man says that counts it's what he does (Taleb says the same & my dad grew up in the Fat Tony school of hard knocks i.e. life). For all Bannon's talk about elites, GFC and how no CEO went to prison, middle class, jobs, wall street etc...Trump et al's domestic fiscal policy has been ALL about enriching the elites! Where are the middle class tax cuts? Health care? DJT's has done the EXACT opposite of what Bannon is talking about. Also - too much confirmation bias going on with Kyle and China right now.
    • MC
      M C.
      8 November 2018 @ 12:12
      ...and Kyle, what’s the administration is doing to the media is VERY China-esque. Jim Acosta anyone...?
    • SD
      S D.
      10 November 2018 @ 23:21
      Jim Acosta deserved what he got and much worse.
  • SS
    Simeon S.
    7 November 2018 @ 17:40
    If an authoritarian regime is under control of the US (Saudi) it’s fine, but if it engages into a fight, it becomes a scandal.... I understand RV gives air time to all kind of opinions, which makes it interesting. Thanks. But Bannon can brass a lot of hot air... and it seems he is the actual president of the US, he has a big influence on Trump... and knows all the details, they must speak daily like husband and wife...
  • RP
    Ryan P.
    7 November 2018 @ 12:15
    “Undisclosed location”... because Kyle doesn’t want his address blasted out there haha.
  • OD
    Orin D.
    7 November 2018 @ 10:38
    This was a good insight into Bannon who has had an enormous role in Trump becoming president RV- Just be careful to not become too politicized. Kyle has presented a rather republican biased view of the world the past couple episodes. I would hate for this platform to develop any bias to either the right or left of politics.
  • TH
    Timo H.
    7 November 2018 @ 05:26
    In the 1930s, we allowed Germany to build their military strength for way too long. Are we making the same error now with another authoritarian country, China?
    • ST
      Simon T.
      9 November 2018 @ 12:46
      The US defence budget is 4 times larger than China’s even in PPP terms. China’s defence expenditures are less than 3 x the UK’s with a much higher GDP or a population 20 times as large. If anyone is pushing for an Arm’s race it’s definitely the Pentagon. both China and Russia’s military spendings are a fraction of their what they were in the late 80ies,
    • SD
      S D.
      10 November 2018 @ 23:22
      Spending has nothing to do with it. Look at what Russia is doing with what it's spending. The US spends the most for the least.
    • WC
      Wilson C.
      17 November 2018 @ 06:30
      understand most of RV subscriber base is US, thus most of the comments likely from USA. your comment reinforce the USA as benevolent world police, just saying....
  • FL
    Flavia L.
    7 November 2018 @ 05:13
    I don’t agree with Bannon on a lot of things, but that’s exactly why we need to hear him. (But his repeated praise of his old boss is unbearable to me). Overall, the views are too US centric, of course, both are Americans, so they are understandably and rightly so. But, don’t base all your arguments on moral grounds. I do not think it’s a good thing for the world if China wins the fight, but please don’t put yourself on a pedestal and paint China as the devil. Yes, China has tried to take all the advantages they can, but you don’t think US will have a problem with a stronger China if China played by the rules? Bannon hates the idea of China being a hegemonic power because he wants US to remain one. At the end of the day, it is all about power and interests. Globalization has its beneficiaries and victims. The government is supposed to take care of the people that are left behind. US government clearly has failed to do so, because it is too busy cuddling the rich. Standing up to China is right, being a proponent of freedom and justice is applaudable, but please spend at least equal amount of energy and indignation taking care of your own people. Don’t just shift blame and stoke resentment so you win the next election. If you want to distance yourself from your bias and have a more intelligent understanding, pretend to be Swiss.
    • AJ
      Aaron J.
      8 November 2018 @ 19:54
      Completely agree. The US is still the richest and most powerful country on earth, but the system has lost the basic fairness to give everyone a more or less equal chance in life. Success depends on more than perseverance, hard work and talent. In general, it depends strongly on who your parents are, their social links, and of course schooling and education. Social mobility is the US is poor.
  • ML
    M L.
    6 November 2018 @ 21:12
    Interesting and informative interview. The problem is that the interviewer should have been someone with an antithesis view on China, so it can be a more balanced discussion. What we have is a China bear interviewing an anti-China ideologue. Overall still a thumbs up, but we need to have more objective interviewers. Or perhaps Bannon agreed to an RV interview only by Bass. Who knows?
    • SS
      Simeon S.
      7 November 2018 @ 18:03
      Indeed it’s a fire side conversation.. not an interview, which is better with a personality like Bannon... not as obvious as the famous Putin Q&A session but one way ticket for sure. However US is right to react to aggression, just don’t sell us the “we are good, they are bad...” it’s a fight for power, they are fighting it... we are watching...
  • DD
    Daniel D.
    6 November 2018 @ 19:41
    At the very least it was entertaining. As I'm listening I'm hearing some things I agree, some I don't. Then he has to go to one of his "72 hour" comments which makes me then rethink everything else he has said and reevaluate those that I agreed with. Please tell me he doesn't really believe that ultimatum would work! This isn't the school yard where the dog with the biggest bark wins. It's a bit more complicated than that.
  • KJ
    Kelly J.
    6 November 2018 @ 19:33
    Thanks Grant, Kyle and Realvision for this interview series on China - On the one hand, I think it's great to hear - and that far more people should hear - this articulate and coherent presentation of the anti-globalist, new nationalist perspective held not just by Bannon and Trump, and now to a degree, Kyle Bass, it seems, but making in-roads in many countries globally. A ‘globalist’ vs a ‘nationalist’ approach is a spectrum –not a black and white choice, IMO. Collaboration based on enlightened self-interest has been the basis of world commerce for ages – and of all free markets and societies, for that matter. As the current illusory financial world one way or another collapses back toward a competitive reality limited by real returns and real resources - I expect nationalist perspectives to continue to come more to the fore, in both productive and dangerous ways. I agree with a lot more of what Bannon says than I would have thought regarding his description of the 2008 Wall Street rip off and how American corporations (and government) have to a degree been bought off by China. On the other hand, the bottom line is, though, Bannon, Trump and other right wing nationalists in Europe may or may not believe the populist baloney they tout, but either way, IMO, as practiced by them, it's only a means to power for Trump and wealthy buddies here in their battles with elites in China and elsewhere. As Travis commented below, the private jet and Merecedes in the background make a suitable stage for this discussion. Knowing Trump, his intentional divisiveness, and Bannon’s statements that you should wear the ‘racist’ epithet as a badge of honor, and what they and the current corrupt Washington crowd are doing and intend to do, the idea that they will really improve the lot of the average person is the same old laughable joke it always is historically with these types of populist demagogues. If there are benefits to an economic war with China, then you can be certain they'll keep right on going into the accounts of the 1% here. It’s worth noticing these folks don’t support voting rights, workers rights, public education, free press, training, adequate regulation of Wall Street and the banks to keep them from ripping off the public and individual investors for the unteenth time. To the contrary, they support acceleration of the loss of free press, permitting the environment to be trashed for the almighty buck, including global climate disruption, and loss of the basic social supports that were established by the New Deal after capitalism’s rampant corruption and horrible monetary policies crashed the global economy into the Great Depression, just as it’s increasingly likely to do once again. Meet the new boss, same as the very old, very greedy boss. I hope we start the process of booting this lying administration out today, and replace it with a new one eventually that shares some of Bannon’s perspectives on China, and powerfully advocates for US interests vs. China, but on behalf of the whole country, and not just the Davos/Western world 1%.
  • CM
    C M.
    6 November 2018 @ 16:49
    Bannon makes a number of good points, it is the solutions that I struggle. There are no easy answers to the South China Sea issue. But the 72 hour solution is unrealistic and would lead to war. If Bannon wants revenge against the Wall Street globalists, he would get it as the market would crash. I commend RV for airing these interviews, but one needs to sort through all the political rhetoric from both Wengui and Bannon to pull useful info out of the interview. As I stated with Wengui, my takeaway is a longer and stronger economic war with China than many expect. If China is truly a "paper tiger" and settles quickly with Trump, then it is a statement on how weak their economy is. Crashing China will collapse many global markets and will not be good for US investors.
  • TB
    Tim B.
    6 November 2018 @ 12:45
    Compelling arguments, but not as compelling as the nation's character. Let's hope that today's election brings out people's more thoughtful nature.
  • WS
    Will S.
    5 November 2018 @ 23:57
    I think Kyle Bass just flipped from Hillary to Trump. The Dems have no ideas beyond screeching about racism and pushing socialism. You don't need to like Trump and his style, but any rational thinker can see there's actual substance and ideas behind the MAGA movement. I'm a libertarian and have no love for the Republican party, but they are so, so much better than the Dems. Vote Republican tomorrow please. PS: Not American. We all need Trump way more than we need Dems.
    • DC
      D C.
      6 November 2018 @ 18:32
      Clearly, RV is a left leaning blue crowd.
  • TL
    Tianyun L.
    5 November 2018 @ 22:35
    Automation was making manual jobs obsolete starting in the 80s. Trade with China just held back the automation revolution for a bit. Many automated assembly lines went back to employing people once the outsourcing trend happened back in the 90s. Stop pretending poor Chinese workers making $2/hour back then was taking advantage of the Americans making $20/hour who were manufacturing shoddy products the rest of the world did not want such as in Auto. American companies and elites significantly under-invested in education and infrastructure and did not provide strong safety nets to its workers, and is now scapegoating China as automation drives further wealth inequality in the US, if it was not China, It would've been Indonesia, Malaysia, Vietnam, India or somewhere else. The whole defense thing is a complete joke, China is spending on its navy because it is worried about having its oil choked off by the US which controls the sea lanes. If you depend heavily on oil imports (which the US doesn't because it produces so much now), would you be comfortable with another power holding all the choke point in your trade routes and could embargo you at any time without a thing you could do about it. Bannon operates with the type of cognitive dissonance that is more common in entitled juveniles, who believe themselves to be the center of the universe and nobody else should have any legitimate interests. Yes the communist party is corrupt, yet it brought hundreds of million of people out of poverty. Yes the Chinese SOEs have overcapacity but we quickly forget how much pork barrel is spent on the Iraq/Afgan wars, how much overcapacity does the defense spending/post-911 intelligence complex spend? That is about 700-900 billion a year, almost an entire mid sized economy flowing to contractors around DC. Democracy was not the savior of countries as India is showing us and dictatorships are not all evil as Singapore and Rawanda is showing us. The inability to see things in shades of gray and the forced digestion of the world into good and evil should preclude one from having so much power.
    • RM
      Robert M.
      6 November 2018 @ 00:22
      Good comment. Sounds like you have read William Overholt's China's Crisis of Success.
    • JW
      Jeremy W.
      7 November 2018 @ 23:04
      China also costs the US 1 trillion a year via IP theft / fraud, per US congress docs. China has far more grand plans than what you suggest. Dominant global power by 2050 is their plan. OBOR is far greater than simply a way to import oil. Chinese activity in African politics, in Yemen, in Latin America etc, obviously has far more to it than oil imports.
    • TL
      Tianyun L.
      9 November 2018 @ 22:57
      @Jeremy How does one even substantiate something like that. It just sounds incredibly silly. Technology doesn't have a fixed price and is deflationary. Are you somehow saying that if the Chinese were paying full price for their technology licenses, they would pay the US 1 trillion a year for these technology licenses? That just seems like a ludicrously silly number made large for political purposes. Is China extracting one full Apple or Amazon of value from the US economy per year? To put that number into perspective, US spends 500 billion on R&D per year, somehow China is stealing more than twice of the R&D output of the US per year? Are the king of Chinese consumer tech like Alibaba/Tencent/JD/Baidu, stealing from the us? Not really, in many cases they are more innovative than their us counterpart. In software/IT, in fact many innovations are not patented but are trade secrets as they move so rapidly that you are better off not patenting it to disclose methods to your competitors.
    • WC
      Wilson C.
      17 November 2018 @ 06:42
      unfortunately when a govt wants to push a certain view/agenda, they can leverage the media accordingly (we joked about communist country propaganda and don't realize your own govt does it albeit in different ways). This whole "we help China out of poverty and they're stealing our IP" is so childish as USA has the best hackers in the world (do you really believe there is not any sovereign IP theiving going on at all country level), and back 15-20 years ago, it was the US corporations taking advantage of cheap chinese labour and "agreeing" to JV's with tech transfer so they can access 1B people market. Now it's clear China didn't p*ss away the money but used it to lift itself up to be a global player, the game is to put china back into it's box so there is only one superpower...
    • JW
      Jeremy W.
      3 December 2018 @ 05:21
      IP theft / fraud isn't technology alone. It is measured on all goods. I didn't write it, US congress did. Go and read the report if you want to learn more.
    • AP
      Anthony P.
      6 December 2018 @ 04:20
      Very well said.
  • TT
    Travis T.
    5 November 2018 @ 21:43
    Best stage for this conversation, private jet and Mercedes in the background inside hangar.
  • RM
    Robert M.
    5 November 2018 @ 21:31
    Interesting that Steve Bannon mentioned the opiod crisis, but made no mention that China supplies fentanyl to the Mexican cartels along with the pre-cursors for meth whose volume of production would not be possible without the precursor chemicals they receive principally from China. The British used narcotics to devastating effect in China to gain a trade advantage. It is quite plausible that China allows supplying of the Mexican cartels to enable the industrial production of narcotics to flood the US. Just another tool in the CCP/PLA toolbox to weaken the US. China has no problems building concentration camps, calling the Dalai Lama a terrorist, using debt as a strategic tool, imprisoning any Chinese citizens they don't like etc. etc. etc. Overall, Bannon's interview was not wide of the mark when filtering out some of his political agenda.
  • AG
    Alexander G.
    5 November 2018 @ 17:49
    So China's economy is "built on sand" (might be true, but if banking sector fails their infrastructure still stands). But the US Treasury having to borrow $276 billion in a week is on sound footing? Please.
  • AG
    Alexander G.
    5 November 2018 @ 17:43
    The Breitbart clown is just rambling on about Davos. I can't listen to this anymore. A shame to give this idiot a platform.
    • BM
      Bryan M.
      5 November 2018 @ 18:02
      Alexander, I disagree. You may not like the guy and I certainly do not either but Steve is no dummy. And remember that old saying? Keep your friends close and your enemies closer?
  • AG
    Alexander G.
    5 November 2018 @ 17:39
    "The elites in the West have financed China" -> LOL, remind me again how many Treasury bonds China holds? Who is financing whom?
    • WS
      Will S.
      6 November 2018 @ 00:22
      You see a tree when there is an entire forest. What of all of the multi national corporations moving their production facilities over to China and allowing the intellectual property to be stolen, all for a fast buck?
  • AG
    Alexander G.
    5 November 2018 @ 17:38
    "Export of Chinese overcapacity and deflation" -> isn't this what international trade is about? Exchanging products based on who can produce them most efficiently? Is anybody talking about Germany exporting its "overcapacity" in luxury cars? The US's overcapacity in aircraft? Ok, you could say that Chinese SEO are able to sell below cost due to, maybe, subsidized energy. So what? Let them have their pollution to produce subsidized energy. It's like exporting pollution to China. Why do we insist on keeping such industries alive at home? Aluminum is "strategic" and needs to be protected by tariffs? If you want to play that game why not have government purchase domestic aluminum at inflated prices and sell to Boeing at a loss? It's done for the farmers (to compensate for losses due to tariffs), so why not Aluminum?
  • AG
    Alexander G.
    5 November 2018 @ 17:28
    "doubling down on OBOR" -> how is building infrastructure something bad? Oh, because now there is a train from Shanghai to Hambug, Germany that takes only 14 days (shorter than by sea) and suddenly the US's overwhelming control of the oceans does no longer matter?
    • KS
      Kathleen S.
      6 November 2018 @ 04:50
      China gives nothing for free --- they make a loan to a country to build infrastructure (the work is done by Chinese engineering companies, so the money goes directly back to Chinese corporations and workers) -- when the home country can't pay the loan, China confiscates the infrastructure. Does that sound good to you???? Dont believe me, look up Sri Lanka and their ports. NOBODY is going to give you something for nothing. FYI -- World Bank has been doing the same thing since WWII.
  • AG
    Alexander G.
    5 November 2018 @ 17:27
    "to be a hegemonic world power" -> LOL, pot calling kettle etc.
    • WP
      William P.
      5 November 2018 @ 23:24
      I loved him getting all worked up in China's 'barbarian management' tactics, like it's some kind of ancient and nefarious scheme. That's how the US manages the middle east!
  • VS
    Victor S. | Contributor
    5 November 2018 @ 15:30
    Bannon was always the best in the White House till he went off the wall.... the interview was terrific ...
  • GW
    GERALD W.
    5 November 2018 @ 13:05
    It is very difficult to argue against most of the points that Bannon makes.
    • BM
      Bryan M.
      5 November 2018 @ 18:08
      Really? I could agrue against almost all of them but...time is of the essence here so I'll pass except to say do you really believe that USA with 350 million fat lazy citizens can take on a country with 1.4 billion motivated and hungry citizens? Or are you gonna nuke'em and end up killing us all? Guys like you scare the crap out of me...
    • MC
      Minum C.
      6 November 2018 @ 17:53
      No it's not Gerald. Why do you think there is a mountain of vitriol being spewed in the direction of both Bass on Bannon? Based on some of the intelligent and passionate comments I've read so far, I think the RV audience has provided you with a smorgasbord of arguments to use against this U.S. centric view of the world. For me, the value in this video is in the counterarguments and comments I'm reading.
  • MM
    Mike M.
    5 November 2018 @ 12:48
    Excellent. Any chance Kyle can interview Michael Pillsbury, author of the 100 Yr. Marathon? Much appreciated.
  • PJ
    Peter J.
    5 November 2018 @ 09:38
    The research from both Bannon and Kyle is unimpeachable. The interpretations by them were from my 'subjective' viewpoint 50% spot on and 50% b*ll*cks. Obviously as both participants in this conversation are US citizens, the discussion and views are extremely US centric. Simply blaming the US elites (and other western counterparts) for being compliant in supporting the growth of China at the expense of the US is far to simplistic IMO, surely the the picture is far more complex. Overall, definitely worth the listen and Bannon makes some good points, but very narrow view of the state of play IMO.
    • WS
      Will S.
      6 November 2018 @ 00:27
      1) Americans should be America centric, just as Poles ought to be Poland centric. 2) Bannon repeatedly included Europe and all of Western democracies as examples. the USA, being the largest, is the bell weather and can be used as the example for something that is happening all over the West. 3) Since WW2 all of the worlds trade has been protected (largely by sea) by the US Navy. The US is the tip of the spear. Get over it. I'm not American.
    • JW
      Jeremy W.
      8 November 2018 @ 02:05
      Obviously it is more complex, but the overriding primary reason was due to Nixon opening up China in conjunction with China adopting more open market reforms. The US and Europe thus becoming the primary markets for China to export to. Add in GATT. And that is the result.
    • PJ
      Peter J.
      9 November 2018 @ 16:12
      Will S, simply my view don't have anything 'to get over', happily accept others views will be different :)
  • SD
    Stephen D. | Contributor
    5 November 2018 @ 07:05
    Powerful stuff. What's the investment conclusion? I think it has to be that the Trade War with China will not be as easily resolved as the NAFTA one. A lot of people saw all the noise about Mexico and NAFTA and the contents of the new USMCA to replace it and concluded that Trump is happy to settle for small wins to tout on the election stump. I know some people who think that the trade dispute with China will go the same way. This interview should make them think again. Bannon is no longer part of the administration but Peter Navarro is and his Death by China book and Youtube Video agree with a lot of what SB says here. Don't bet on a quick or easy resolution to this trade dispute. Stay very cautious on Asia (ex India which is insulated).
  • JS
    Jerad S.
    5 November 2018 @ 05:30
    Great interview. I am enjoying this series with Kyle Bass about China.
  • LB
    Louis B.
    5 November 2018 @ 03:26
    Great to see Steve Bannon on RV. Like him or not, he's a central figure to understanding today's reality. Unfortunately, both him and Kyle Bass are Americans... I say unfortunately, because it still unfortunately colors their perception of what's possible. That should not be the case, since they are both clearly very intelligent and well informed. There IS a revolution going on and it's global. The pendulum is swinging back and accelerating. It will traverse the equilibrium position so quickly, we won't have tiime to truly experience it. It's moving from it's extreme American hegemonic position to the next extreme position. What wiill it be? China hegemonic power? That could well be the case, but History disagrees. I actually like Steve Bannon a lot, believe it or not. America needs him, as does the free world. I actually like Kyle Bass also, believe it or not. But deep down I think he just wants to make money. Or he is more than happy to just play the game of money, without ever addressing the elephant in the room. That is disapointing, because we all know that he sort of understands what gold is and what role it may still have. You kind of sense this during the interview when Steve Bannon says the Chinese will flush the world with RMBs. Kile Bass then says something like (can't remember exactly) "nobody wants to take RMBs". Very interestingly, Steve Bannon with a twink in his eye, then says that may change and we'll just have to wait and see. To which, immediately, Kyle Bass says "that's the key". Well, if it is the key, why not engage a conversation on why it is? To conclude, after hearing Steve Bannon during this interview, i expect major currency wars down the road.
  • JS
    John S.
    4 November 2018 @ 21:28
    Great interview well done RV
  • hz
    herbert z.
    4 November 2018 @ 21:20
    it's difficult to see how this could be resolved amicably. both countries want to be "great again" (whatever that means) - both countries spend exorbitant sums on their military. money neither has - so each one runs their printing press a full tilt (America, printing a reserve currency, has the advantage to extract goods and services from the world at no cost.) the elites of the world prosper and thrive in this environment. the "little" man will be crushed in the process - but "collateral damage" is sometimes unavoidable when nation building, right? AND besides we will honour the efforts of the average person in due course, at a war memorial somewhere! in serval thousand years of human history we seem to have learned nothing!
  • DS
    David S.
    4 November 2018 @ 20:50
    "72 hours or we're going to invade your bases"... lol, who they going to send in, the A-Team...? The lack of understanding of the ramifications of China saying "go fuck yourselves" to an ultimatimum like that says a lot about Bannon...
    • JC
      James C.
      4 November 2018 @ 23:21
      Complete fantasy right?
    • IO
      Igor O.
      5 November 2018 @ 14:02
      That's understandable. He is patriot of his country and still lives in - US is only superpower - world.
    • JO
      JOHN O.
      6 November 2018 @ 00:57
      72 hours, or any other ultimatum would be a heck of a lot easier to pull off if the US had not turned its back on its traditional allies and tried to go it alone. SAD!
    • DS
      David S.
      6 November 2018 @ 02:06
      Normally I do not like seeing profanity in these comments, but in this case, it is a perfect use of the English language. DLS
  • GG
    Gary G.
    4 November 2018 @ 20:20
    Real vision: IF this interview has not been made public, it should be and “right now”!
  • RX
    Robert X.
    4 November 2018 @ 19:03
    Awesome interview and enlightening for me as I'm not a guy who likes Bannon. At all. I do think there was a bit of missed opportunity however. I would have liked to hear Bannon discuss the cost of bringing our supply chain home and the fact that the Chinese now purchase far more gold than treasuries and it is becoming reflected to rates along the U.S. Treasury curve and where he thinks that could go. I think a great deal of the infiltration commentary regarding China also applies to Saudi Arabia - whom the administration readily embraces - and I would love to see a 2nd round for those type questions.
    • GG
      Gary G.
      4 November 2018 @ 20:20
      Then why isn’t the price of gold rising?
  • jb
    joon b.
    4 November 2018 @ 18:50
    wow just wow
  • CL
    Chris L.
    4 November 2018 @ 18:41
    The reaction on social media about this is somewhat funny considering the most probably aren't subscribers. I particular give no damns what people think of Bannon because I'm indifferent. Even if I disagree to my core, I want to hear. For those that revolt are the sound of a differing opinion, remember to defeat your enemy (in debate, in sports, in war) you must know your enemy. Study your enemy. In regards to China, I agree with a good deal of what Bannon says. The problem is, it's not really insight. I never was like "oh, damn. I didn't know that." I just feel like Real Vision is trying a bit hard to fit that "alternative media" niche.
  • DD
    Daniel D.
    4 November 2018 @ 18:07
    The best interview I have seen to date on RV. Kudos
  • BA
    Bruno A.
    4 November 2018 @ 16:23
    Great interview.
  • KK
    Kathleen K.
    4 November 2018 @ 16:06
    Thank you RealVision for this interview. Keep them coming!
  • SS
    Saif S.
    4 November 2018 @ 15:38
    America wants things to be fair? Priceless!!
    • MS
      Michael S.
      4 November 2018 @ 16:13
      It's like the USA has had 13 players on the field for the last 75 years, and then China finally manages to field 12 players, to slightly lessen the USA's advantage, and we go "Hey, wait a minute! That's against the rules!"
    • EF
      Eric F.
      4 November 2018 @ 22:35
      More fair than China or Russia certainly. Go ask the people who live there, if they aren’t being scored, surveilled or jailed for nothing. Jesus, America isn’t perfect, but it certainly looks the least imperfect country to me.
  • JJ
    JJ J.
    4 November 2018 @ 14:42
    Who thinks KB should disclose he has big bets on China tanking it prior to these interviews? Regardless whether or not you agree or disagree with content, part of quality journalism and media is disclosure around self interests related to topics reported on. Also, I think an interview with KB and a pro China expert squared off would be much better than these people just feeding Kyles point of view.
    • rl
      roger l.
      4 November 2018 @ 14:56
      Agree, the same thought that I just wanted to comment. Feels KB is trying to push interviews with people that favors his bets.
    • SS
      Saif S.
      4 November 2018 @ 16:04
      Totally agree. This is totally one sided. Let's hear Chinese point of view as well.
    • HP
      Hitesh P.
      4 November 2018 @ 17:21
      in 2013 I believe K Bass was saying japan would blow up in 2 years. That didn't happen and now he is talking his book with China. He is a smart guy and very eloquent, but i can see the sales pitch
    • MS
      Michael S.
      4 November 2018 @ 19:50
      Like I said in a below comment, these last three "The Kyle Bass Interviews" all seem to be him banging the drum on his China position. Never mind that we all know his general view on China, a prior "Tipping Point for China" interview of Bass that Raul conducted in 9/12/17 actually put a time horizon on a big China bet, which we've blown through, June 2018, so the pressure is on? Also, to Saif S.'s point below, I would be interested to hear a Chinese point of view, but also I'd like to see someone with a Chinese point of view specifically respond to the major issues brought up in the Bannon, Kwok, and Allison interviews. After years of tasting the Japanese widow maker, he went straight against another inward-looking economy that in this case is also a command economy, and likely possesses the most gold of an nation on earth? Frying pan, meet fire. Even though they are very different, think how "moated" and impenetrable both those economies are. Of course, it seems like he's absolutely right in both cases, just potentially years or maybe a decade or so off in timing.
    • CL
      Chris L.
      4 November 2018 @ 20:13
      If you didn't know he was short China, going on 3-4 years, that's on you. He has been incredibly open about it.
    • DS
      David S.
      4 November 2018 @ 20:53
      Agreed.
    • VP
      Vincent P.
      4 November 2018 @ 21:16
      Not sure these interviews would necessarily help KB's China bets but I'd like to see how he handles a Pro-China challenge. Although that interview would likely have to be staged in an undisclosed bunker, not his backyard jet hanger with the spiffy car photo bombing clip, lol. Entertaining interview for what it's worth.
    • JC
      James C.
      4 November 2018 @ 22:37
      It doesn't really matter. He can't move the market in the Chinese Yuan by posting a video.
    • rl
      roger l.
      5 November 2018 @ 02:11
      Absolutely agree a few interviews won't move the market one bit but feel that RV as a platform should present a balance view of issues and not let one interviewer keep pushing successive one sided views.
    • JJ
      JJ J.
      5 November 2018 @ 11:39
      Chris L. I'm sure not everyone knows and even if they do, it's just good form to do so as declaring agent's interest is simply professionally appropriate. You'd think even more so in this kind of forum.
    • GS
      Greg S.
      5 November 2018 @ 15:50
      Well you can’t have a Chinese national on the other side of the debate due to the fact they say one thing and do another. They promote rhetoric to seem like they want a harmonic global order but in reality the CCP is worse than the mob. Their goal is to destabilize the U.S. & shift the balance of power. They exploit 3rd world countries for resources & funnel all the wealth to the top. If you don’t get in line you’re “removed”. If they hadn’t f*^cked up & leveraged their financial system to the brink they could have succeeded.
    • DS
      David S.
      9 November 2018 @ 07:22
      Greg S. - Were you talking about China in particular? The modus operandi certainly fits a lot of countries. DLS
  • DK
    Dennis K.
    4 November 2018 @ 11:14
    Sparta didn’t accept being the declining power. They stood up against Rising Athens/Pericles/Xi. And in the end they won. For what it was worth. Both lost. Along came some obscure Macedonian third party guy, who nobody had heard of and these guys went home with the price. Conquering the world. War can have some unpredictable outcomes.
  • DK
    Dennis K.
    4 November 2018 @ 10:33
    I think Sparta was “the declining power” and Athens the rising one. Please have your history right
  • GR
    Guido R.
    4 November 2018 @ 07:10
    The deindustrialisation of Western industrialized nations was not brought about by China. China certainly exploited the phenomenon. But deindustrialization was uniquely brought about by a centralized monetary system and perpetual fiscal deficits. Perpetual fiscal deficits bring about increased fiscal pressure. Increasing fiscal pressure manifests in gradually more complex legislation. As fiscal pressure increases and legislation becomes more complex, barriers to entry in industry and business rise. As barriers to entry rise, the real economy is stifled and corporations monopolize business and trade and, necessarily, will off shore industry seeking fiscal and legislative advantages. This was our own doing. China is merely taking advantage of our fiscal weakness.
    • gg
      georgy g.
      4 November 2018 @ 13:41
      Smart observation. “Do gooders” helped but so did China! Remember that China is now competitive alternative state system - which soe-driven/autocratic. We are still the shiny city on the hill and have to protect it
    • MS
      Michael S.
      4 November 2018 @ 20:06
      Having the reserve currency of the world didn't help.
    • GR
      Guido R.
      5 November 2018 @ 04:59
      Having the reserve currency of the world has certainly helped some entities. In terms of the transfer of wealth that is inherent in a centralized monetary system, the reserve currency helped to transfer profit and title into the hands of the purveyors of credit. In our monetary system, credit flows from the center towards the periphery. Along the way however, purchasing power is lost in time and distance. Interest however, remains constant. Thus, in the long run, the purveyor of credit will accumulate profit and/or title to the pledged collateral. So the reserve currency has certainly helped in this.
    • MS
      Michael S.
      5 November 2018 @ 14:33
      I meant the reserve currency via the Triffin-dilemma-type forces, helped to de-industrialize the USA because it puts manufacturing jobs head to head with USA international dominance via reserve currency control. Guess whose interests are going to win that conflict. Any "real" capitalist would just push for those manufacturing workers to retrain for the 21st Century and would say coal miners should turn into entrepreneurs ('boot straps" anyone?), but dig this, Bannon would rather just have those 20th Century jobs back?! It's like I think Harald Malmgren said in another great RV interview, these guys are "fighting the last war" like old generals do.
  • JM
    James M.
    4 November 2018 @ 03:58
    Equitable fair trade and free movement is this what the USA has done since it took the imperial mantel from Britain after the Second World War? The hypocrisy is repugnant. The USA , Russia and China are like any other Empire, delusion propagandists.
    • MS
      Michael S.
      4 November 2018 @ 16:20
      Hey, it's not like the US has ever sanctioned, bombed, regime changed, or invaded countries that didn't give it what it wanted, right?
  • JC
    Joe C.
    4 November 2018 @ 03:50
    The controversies in the comments are almost as interesting as the interview. Everyone wants disruptive financial media, not everyone wants their world views disrupted. So it would seem.
  • PB
    Pieter B.
    4 November 2018 @ 00:56
    This is another extraordinary interview! Kyle and RealVision, massive thanks!
    • SA
      Scott A.
      4 November 2018 @ 14:28
      Agreed. Agree or disagree with Steve's views, this interview would never happen on mainstream TV.
  • MV
    Mark V.
    3 November 2018 @ 22:48
    I think Steve is a very important voice and as opposed to the Miles Kwok and the earlier interview he has a credibility for me. Needless to say I was alarmed by the idea of a "kinetic" war in the South China Sea, not only because massive human suffering is hidden behind the latest slang term but also because (as even Bannon admits) it would potentially destroy global trade for a sustained period. This is the "pain point" which will make "winning" extremely difficult and suggests to me stalemate is a more likely outcome.
    • CS
      C S.
      4 November 2018 @ 02:44
      Very much my thoughts, Mark. I also think Steve knows this. Mostly.
  • GF
    George F.
    3 November 2018 @ 22:30
    The Chinese nationals in American university are not stoop laborers like Central Americans typically are. Americans are not prepared to take their place. You could work towards that, but it will not happen overnight. The pension crisis in the US means that resources are being transferred from the young to the old. A consequence of austerity for the young is they are unprepared for high-level university work.
  • MW
    Myron W.
    3 November 2018 @ 20:55
    I'm an American who spent much of the 1990s living in China -- largely among ordinary Chinese folks, not in an expat enclave. I don't claim to be an expert on all the broader issues, but I had many substantive conversations with educated Chinese who were not fans of their own authoritarian government. Everything Bannon, Kwok, and Bass are saying aligns with what I was hearing from the inside 20 years ago regarding the long game from the Forbidden City. Thanks Grant, Raoul, and team for bringing us this perspective, and for positioning it as you did: not that RV is taking a side but that RV wants all sides to be heard.
    • CS
      C S.
      4 November 2018 @ 03:27
      What kind of regime did they prefer, Myron? Was it western type, and did they think that was realistically possible in China, and within what timespan?..(wouldve been my follow-up questions to them). Most people gripe about their government, the Chinese as much as anyone (they've been through so many rises and falls). With regard to the outsider however, the Chinese on the street quickly take the side of Chinese against foreigner, so in dealing with China presently, a direct attack on Chinese interests, like Bannons 72-hour remark, would likely not well leverage any such apparent internal discontent.
    • MT
      Mark T.
      5 November 2018 @ 15:34
      excellent comment. to all those above that dismissively suggested that Mr Bass disclose his book ... please discuss your travel experience and direct exposure to chinese business practices as this gentleman has done. opinions informed by personal exposure and skin in the game rank much higher in credibility.
    • MT
      Mark T.
      5 November 2018 @ 15:35
      excellent comment. to all those above that dismissively suggested that Mr Bass disclose his book ... please discuss your travel experience and direct exposure to chinese business practices as this gentleman has done. opinions informed by personal exposure and skin in the game rank much higher in credibility.
  • WM
    William M.
    3 November 2018 @ 20:04
    Outstanding interview just from a geopolitical perspective alone. Steve Bannon's worldview is much more comprehensive and convincing than I expected. That's the great value of these in depth RV videos. The take away, from an investment point of view is that Trump is very unlikely to merely settle for some minor modification of the current status quo with China - which means a lot more stress and uncertainty for financial markets everywhere...even in the US. There's certainly an loud echo of Reagan vs. the Soviet Union, and even Churchill vs. the Nazis. That said, this interview also is extremely disturbing. Bravo, Kyle and real vision!
    • Kv
      Kristian v.
      4 November 2018 @ 11:04
      I don’t know about Trump not settling for minor modifications. In his time in office Trump hasn’t proven himself to be a particularly strong negotiator in my opinion. He gave Kim way to much and got little in return. The NAFTA deal was more a tweak than a substantive overhaul. I think Trump’s ego gets in the way of his negotiations and he caves for the glory of saying he closed the deal. In my opinion Bannon gives him way too much credit.
  • DH
    Daniel H.
    3 November 2018 @ 20:02
    My understanding is that Kyle believes China is headed for an economic collapse similar to Russia in the 1980s. Why was there not one word about that? China is not an all powerful adversary that can defy economic gravity forever. They have huge problems. I wonder if we might not be better off just waiting out their collapse, while getting our own house in order.
    • rl
      r l.
      7 November 2018 @ 17:28
      Others think Kyle is talking his book too much. You think not enough. Maybe just right then.
  • BP
    Bryce P.
    3 November 2018 @ 18:42
    Bannon says a bunch of good stuff. However, what he and Kyle think in regards to China is exactly the same shit going on in the US as well. Does anyone believe the bullshit US gov economic lying statistics they produce? As if China is any different and worse than the US or any other lying western nation in this regard. Another huge difference is China and its citizens are buying gold hand over fist and its citizenry is Not in debt past their eyeballs as in the US. While western nations continue to sell all their gold. Russia & China continue to massively accumulate. The Chinese are far from stupid. They will definitely have the last and very very long laugh in the end. They’ll laugh so hard they will piss their pants laughing as they continue to watch the US and western nations continue to circle the drain. And all engineered on purpose of course.
  • CB
    C B.
    3 November 2018 @ 18:36
    Jim Rickards gets the psychology of these “leaders”. He took some flack from RV viewers though. In the end, it would appear as though Chris Martenson is right, that humans are just like bacteria expanding to the edge of their pitri dish, consuming all until it is exhausted. How terribly uncivilized. Ooga Chaca!
  • dm
    dan m.
    3 November 2018 @ 17:29
    Roaul, Grant- get Kyle to interview Larry Lindsey.
  • SD
    S D.
    3 November 2018 @ 17:18
    I think China wants to be a regional hegemon more than it does a global hegemon and their economic global agenda is dictated by national concerns not a desire to be a global unipower. He's right that China views the US as a tributary state. They think that the US and the West more broadly is stupid and that it deserves what's on the way. They're not wrong.
  • Kv
    Kristian v.
    3 November 2018 @ 16:48
    I’d love to see a debate between Bannon and a globalist like Richard Haass. Haass is a frequent guest on Fareed Zakaria’s GPS but I don’t. think I’ve seen a debate between a preeminent globalist and a nationalist. That would be some must see TV.
    • SD
      S D.
      3 November 2018 @ 17:19
      That's a really good idea. But Zakaria should just be ignored. He's nothing but a waste of time.
    • SD
      S D.
      3 November 2018 @ 23:24
      You should check out Bannon vs Frum on Munk debates a couple of days ago. Bannon turned the crowd around in a major way. Bannon vs Hass would be a more even match and worth viewing.
    • Kv
      Kristian v.
      4 November 2018 @ 11:06
      Thanks S D. Heard about that in Toronto. Caused quite an uproar. Will have to check it out.
  • BP
    Brandon P.
    3 November 2018 @ 16:48
    Beginning to wonder if Bass is a CIA asset or something of the like. Keep the interview series going, fascinating!
  • JC
    Justin C.
    3 November 2018 @ 12:45
    One thing that occurred to me during this discussion was the part Russia plays in all of this. The Obama Administration had fostered an incredibly hostile relationship with Russia/Putin that culminated in the Mexican standoff in Syria. It seems to me that Obama and his crowd were focused on fighting with Russia to secure America's newfound dominance as an energy exporter. Specifically, they wanted to cut off oil/gas options to Europe in favor of our production. It seems Trump's crew views that as secondary in importance to cutting off the broader industrial strength of China, which they view as the bigger prize. Russia is in fact not a significant competitor to the U.S. in any way other than military technology. By favoring detente with Putin, the U.S. is able to limit the kinetic war threat to the U.S. that a joint Russia/China contingent will pose. I think the U.S. learned in Syria that Russia is far more capable than we thought of handling themselves in a hot war. Not that anyone wins in that situation, but the U.S. knows Russia has more than a puncher's chance to win or seriously cripple us in that fight. As a result, it cannot afford China and Russia military cooperation, especially to the extent that it threatens the objectives to re-craft the trading relationship with China. Thank you RV and Kyle Bass for brining Bannon on. He's a controversial personality, but I've always found him to be incredibly well spoken, read and able to defend his world perspective.
  • JW
    J W.
    3 November 2018 @ 12:40
    I have enjoyed the realpolitik interviews over the past couple of months. Bass on China is always interesting, and I greatly enjoyed Bannon giving him a hard time about the earlier interview on RV. What is unique about this video, and the one last week, is it is a story that we don't hear in the rest of the "news" and is an excellent answer to the question "what am I not thinking about" or "what information do I need to consider that is not front of mind". I also quite enjoyed the anecdote of Trump coming back to the G7 and saying "OK no tariffs, and no subsidies", and then having the other six go into fits. I don't have a good feel on how to handicap this information, and I'm not a big fan of the 72 hours move Bannon recommended. What is clear, though, is we have not had enough Machiavelli in our foreign policy recently, spending much time wanting to be loved but not much on being effective. Thanks to Raoul and Kyle for putting this together!
  • JM
    Juanfranco M.
    3 November 2018 @ 11:46
    Trump offered zero tariff to Europe. Europe then came back and said no tariffs on cars. Why did Trump not accept. He said that traditionally Europeans don’t want to buy American cars. Poor excuse to me Trump was bluffinf he does not want free trade No mentioned of this fact on this interview.
    • JW
      J W.
      3 November 2018 @ 12:42
      It's primarily useful as an all or nothing deal--cherry picking industries/items would leave in place gigantic farm subsidies throughout the EU. The key thing is this quote from Businessinsider on June 9: "President Donald Trump suggested to the G7 leaders that the world should eliminate all tariffs, trade barriers, and subsides in order to promote free trade."
    • KM
      Kacem M.
      3 November 2018 @ 12:59
      The focus is on cars but no one mentions that the US has a 25% tariff on trucks. Even with 0 tariffs on both sides, very few Europeans would buy US cars because many of them are not fuel efficient given the price difference ( due to taxes in Europe) of fuel. Unless US car manufacturers step up the quality and fuel efficiency of the built cars.
  • B
    Bojo .
    3 November 2018 @ 10:54
    A very interesting and thought-provoking interview. All this makes a lot of sense from a real-politik and America’s national interest point of view. Fair enough. Still, speaking from a standpoint of moral superiority and invoking international law is highly amusing and psychologically fascinating, coming from a nation who has weaponized the dollar, defended it with violence and couldn’t care less about international law.
  • hj
    henrik j.
    3 November 2018 @ 10:24
    trying to find the book Bannon recommended is it this one https://www.amazon.com/Unrestricted-Warfare-Chinas-Destroy-America/dp/1626543054 ?
    • GT
      GAVIN T.
      3 November 2018 @ 11:14
      Theres a pdf available online. The link is given in the comments below. Otherwise it looks like its available on amazon for 19.95. Unrestricted Warfare: China's Master Plan to Destroy America https://www.amazon.com/dp/1626543054/ref=cm_sw_r_cp_api_4hy3Bb51M9YKP
  • Kv
    Kristian v.
    3 November 2018 @ 08:16
    I found it interesting that he argued against the whole Thucydides trap crowd and their premise and then proceeded to prove their point when he threw out his 72 hour ultimatum in the South China Sea.
    • JW
      J W.
      3 November 2018 @ 12:44
      Bannon's argument against the trap was (possibly) a straw man argument--he portrayed the argument as "the greater power has to accept its decline to the rising power", and accommodate. The 72 hours thing is more a matter of seizing the initiative, IMO. Refusing to accept decline is another discussion altogether.
  • PW
    Peter W.
    3 November 2018 @ 08:08
    Many thanks to RV for bringing us interviews of this quality and ambition. You have greatly exceeded my expectations since I signed up. And with Bass and Bannon, what a contrast in personalities!
  • SR
    Steve R.
    3 November 2018 @ 07:44
    To those that say this is just 'China bashing' - if you haven't known about this for at least a decade then you've clearly had your head buried deep in the sand, seriously, it's so obvious and blatant.
    • GT
      GAVIN T.
      3 November 2018 @ 11:28
      Most people are content enjoying their $5 tshirts and everything else made in china. They haven't stopped to think about the consequences here at home, let alone china having a grand strategy to take us down. They buy into the "globalization is great" that academics teach and for profit companies exploit. The CEO of a for-profit's main objective is to maximize profit for shareholders and ensure a massive equity payout for themselves. Perhaps, we are finally realizing that this in fact is more like a zero sum game.
    • mh
      matthew h.
      3 November 2018 @ 12:51
      i dont think there are many that are surprised by the content, its more how its delivered
    • WC
      Wilson C.
      17 November 2018 @ 18:21
      i don't think it's china bashing, it may be china fear but definitely china containment.
  • SP
    Sat P.
    3 November 2018 @ 07:10
    This was an awesome interview. The day the mainstream media starts reporting on things like this is the day this world will start taking a turn for the better
  • PK
    Patrick K.
    3 November 2018 @ 07:03
    Thank you Kyle & Steve, as always a great informative interview. Hopefully it helps in bringing the "real" Chinese position into the light and out of the Neoliberal dark screen.
  • MS
    Michael S.
    3 November 2018 @ 05:10
    I agree with about 50% of what he said. A couple of comments: 1) "Their grand strategy is to be a hegemonic world power" complains the American!?; 2) We should worry about naval "choke points"? How many aircraft carriers do they have?; 3) I love Kyle, but are these three last interviews (all on China) what Kyle is doing because his call for China busting in "July" (on RV) hasn't gotten moving?; 4) the Chinese can "respond", they can just monetize their superior gold position, as a last measure; 5) most of all, this just reminds me of 1989, when everyone was freaking out because Japan built everything we bought and was going to take over the world. How did that turn out?
  • mh
    matthew h.
    3 November 2018 @ 04:44
    i have huge respect for bass, so its hard to watch bannon constantly talking over him, its not very two way, and makes for awkward dialogue and can see it in bass' face.
    • JC
      Jeff C.
      3 November 2018 @ 13:40
      I thought when someone was being interviewed they were supposed to do most of the talking. Kyle did most of the talking when he was interviewed by Grant. I guess you like the news today where the interviewer pushes their agenda and hardly lets the person they are interviewing talk. I find the best part of Real Vision is the fact that the person being interviewed does the majority of the talking and you actually get to see their point of view whether or not one agrees with it. Thanks Real Vision. I thought all of the interviews on this subject were very interesting.
  • GO
    Gary O.
    3 November 2018 @ 04:43
    Another incredible interview. Get ready for WWIII.
  • mh
    matthew h.
    3 November 2018 @ 04:38
    hard to get past the feeling that this is more sensationalist vs the original way real vision had informative, logical progressions to an investment thesis/perspective... that im choking down the negative china story vs letting viewers comfortably come to a consensus, which almost makes it less believable given the force behind it.
    • mh
      matthew h.
      3 November 2018 @ 04:40
      bannons constantly speaking over bass, its kind of an awkward, almost one-way dialogue..
  • NI
    Nate I.
    3 November 2018 @ 04:32
    Thanks Kyle. Good interview and a very important message for all Americans. Thanks also to RV for airing it.
  • TA
    Trevor A.
    3 November 2018 @ 04:31
    Steve Bannon is a legend. The populist movement is just starting. When the Everything Bubble pops I believe men such as Steve Bannon will rise to power. Thank you RealVision
    • DS
      David S.
      3 November 2018 @ 04:37
      Maximilien de Robespierre lives. DLS
    • DS
      David S.
      3 November 2018 @ 04:38
      Maximilien de Robespierre lives! DLS
  • HJ
    Harry J.
    3 November 2018 @ 04:04
    Thank you RVTV. Now how can we get this information out loud enough and often enough to show the actors publicly? This thought maybe foolish on my part but this needs to be a loud drum beat that informs our nation and gets serious attention moving. Last time the US faced a threat of this magnitude was 1937 or 38. I think we all know how that played out. Trump needs all the help he can get to respond to China and their plans. I’ll vote for a program that really puts teeth in programs and procedures to reverse China’s efforts to undo America’s international stature as well as our security. No more bullshit call it what it is lets get to work. Two more decades of self dealing and treasonous behavior will have us all speaking a different language.
  • GT
    GAVIN T.
    3 November 2018 @ 03:54
    Certainly not ideas presented by the mainstream media. If you don't agree, that's fine but being open minded to new viewpoints is important. This is cold war 2.0 and the Chinese wrote the manual on it (Unrestricted Warfare, by Liang and Xiangsui). Heck, it may have been going on for the past 20 years and the West may just be waking up to the fact we're losing. Fantastic content RV.
  • DS
    Darryl S.
    3 November 2018 @ 03:44
    You get the feeling with these focussed China interviews that an unexpected window appears for the US. A window that really cannot be lost. As always, timing is everything.
  • WB
    William B.
    3 November 2018 @ 02:30
    It may take several days before I can lift my jaw off the floor. Stunning interview!!!
  • TH
    Timothy H.
    3 November 2018 @ 02:29
    My goal out of watching was to learn something new and I wasn’t disappointed. Due to my IT profession, I knew that nearly everything was a “state secret” in China, but truly “thought a second time” about the nature of the CCP from a human and, separately, it’s totalitarian perspective - especially when combined with the recent news of of the concentration camps in Xinjiang Province. What does the human perspective of one million prisoners, Guo Wengui (Miles Kwok), workers in the Upper Midwest, and Steve Bannon have to do with making money? A lot, if there is significant internal Chinese strife to attack the CCP or a “policy error” by the PLA Navy. Final point: The Guo Wengui (Miles Kwok) and Bannon interviews should be viewed together to understand the the parts individually. It’s very disappointing that people on this thread are just as dogmatic and ugly as the equally strident Bannon.
  • SD
    S D.
    3 November 2018 @ 02:15
    That's a valuable interview.
  • RP
    Raoul P. | Founder
    3 November 2018 @ 01:36
    Finally watched this will a glass of wine...its incredible and incredulous for me. This comments section is not the place, but if anyone one wants my personal takeaways from this, give me a thumbs up. If there are enough, I'll send out an analysis of my thoughts. Now, bear in mind, my thoughts matter not and clearly don't matter to Real Vision's content strategy because i personally disagree with more than 60% of all content on Real Vision. I am also not an America so my views will differ greatly because I dont have the same skin in the game. If you are interested, give me a thumbs up and I'll do something special because all of this entire China narrative is very, very important.
    • TH
      Timothy H.
      3 November 2018 @ 02:33
      You may not have skin-in-the-game, but do you have dollars in your hand? Your opinion is worthwhile, IMHO.
    • KL
      Kal L.
      3 November 2018 @ 05:49
      👍
    • SS
      Steve S.
      3 November 2018 @ 11:40
      Please do it
    • BO
      Bob O.
      3 November 2018 @ 12:12
      109 thumbs up when I added mine. Raoul, it looks like you'll be doing "something special" after that wine. BTY thanks for all the work done by the RVTV team.
    • dn
      duy n.
      4 November 2018 @ 04:29
      I think you do have skin in the game if you are a citizen of Five Eyes.
  • CM
    Carl M.
    3 November 2018 @ 01:20
    What to glean from this argument? "money talks, bullshit walks." I guess? More questions than answers, for me. Some of the sub-arguments have been rendered too simple or vague for me to consider them, Prima facia. I think I agree with the China/Hegemony theme as valid. Then I start to think about a "democratic" China and the adage, "careful what you wish for!"
  • ML
    Michael L.
    3 November 2018 @ 01:05
    is the goal to hurt China or make America great again? sometimes i can't tell the difference.
  • ml
    michael l.
    3 November 2018 @ 00:49
    What an eye-opening interview. Couple of comments - Bannon's view that China can't respond to tariffs because we import a lot more from them than they import from us, well, that's a really simplistic view of the issue that seems to get repeated by a lot of people. China can respond via US Treasury sales, "spontaneous, bottom-up" boycotts of U.S. brands in China, Yuan devaluation, stopping the export of rare earth minerals to U.S. tech firms, blocking M&A transactions requiring Chinese approval a la NXPI, and looking into the activity of the subsidiaries of US multi-nationals (however baseless the reasons). Second, regarding the 72 hour ultimatum to China to abandon the South China sea islands, please...he can't really believe that it would be prudent to make this kind of ultimatum that we wouldn't follow through on (and no rationale person would think we should follow through on it), so I chalk that comment up to his penchant for being provocative as a means of getting attention (just like his former boss). Lastly, after watching this, I have greatly reduced in my head the odds of a trade deal getting done as I am assuming that Trump's view of the situation matches up fairly well with Bannon's, and Bannon seems to have little interest in trying to find a solution, whatever it might be and however hard it might be to get to it.
    • FC
      Fractal C.
      3 November 2018 @ 01:30
      I like Trump and Bannon both on this issue. I feel Bannon is going to be disappointed by Trump's China deal as I believe that Trump is going to fold too quickly and call it victory. Trump has to worry about elections where as Xi doesn't have to. Trump is also too sensitive about S&P. If the S&P corrects further by 20%, he would fold remarkably quickly. Xi couldn't care less about Shanghai Composite Index. So as much as I like what Bannon is saying here, I think we all are going to be disappointed by the deal that gets done. I hope I am wrong.