The Kyle Bass Interviews: The Billionaire Chinese Dissident

Published on
October 26th, 2018
56 minutes

The Kyle Bass Interviews: The Billionaire Chinese Dissident

The Kyle Bass Interviews ·
Featuring Miles Kwok

Published on: October 26th, 2018 • Duration: 56 minutes

Kyle Bass sits down with infamous Chinese businessman Guo Wengui, also known as known as “Miles Kwok,” to hear a series of shocking accusations and predictions revolving around the Chinese government. Kwok provides his perception of the backstory behind several recent high-profile news items, and touches on the Chinese government’s management of the economy. He also unfurls an alarming forecast about Alibaba co-founder Jack Ma. Filmed on October 5, 2018 at an undisclosed location.


  • AL
    Alain L.
    15 October 2019 @ 22:22
    Kyle, you are knocking them out of the park!! You are a great interviewer!!
  • MR
    Marinel R.
    11 September 2019 @ 01:39
    By the way, Jack Ma “resigned” today.
    • MR
      Marinel R.
      11 September 2019 @ 01:40
      Correction: “retired”
    • MR
      Marinel R.
      11 September 2019 @ 01:51
      Or so I heard from CNBC. Feel free to judge me.
  • MR
    Marinel R.
    11 September 2019 @ 01:39
    Please hire a better transcription company. The content is good but the incorrect captions are distracting.
    • MR
      Marinel R.
      11 September 2019 @ 01:51
      Or so I heard from CNBC. Feel free to judge me.
  • MP
    Maurice P.
    2 September 2019 @ 19:58
    I believe him. Anyone that thinks different is naive
  • DC
    Dave C.
    23 July 2019 @ 01:50
    Oh dear.....
    • XW
      Xilun W.
      24 October 2019 @ 19:16
      fake news.
  • rd
    ryan d.
    14 May 2019 @ 17:23
    folks, if your bullshit detector isn't ringing off the charts from this interview and Guo in particular, I seriously question your judgment.
    • DT
      Dane T.
      7 June 2019 @ 20:37
      I think your detector is broken
    • CS
      Craig S.
      1 August 2019 @ 03:31
      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.
    • XW
      Xilun W.
      24 October 2019 @ 19:17
      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.
  • CH
    Charles H.
    2 March 2019 @ 08:44
    The only thing George Orwell got wrong was the continent.
  • DA
    DAVID A.
    17 January 2019 @ 19:37
    Well, i guess Jack got offered 3 options: Jail Die Join the CCP
    • XW
      Xilun W.
      24 October 2019 @ 19:21
      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.
  • KS
    Kenneth S.
    21 December 2018 @ 05:20
    Brilliant interview. It might be good to have something like this in the World on the Brink show. Maybe get Snowdon or Assange to interview. Or George Galloway.
  • DC
    Dave C.
    3 December 2018 @ 02:08
    I posted the following link regarding the Uyghur issue shortly after this interview. The previous posting has been deleted for some reason - a reason that is not clear to me. Interested to see the fate of this attempt
  • GO
    Gary O.
    21 November 2018 @ 04:52
    If you change the word China for United States, it is eerily similar. Not as extreme but we are more than on our way to be all suppressed.
    • WY
      Will Y.
      25 December 2018 @ 01:39
      Yep pretty much.
  • JA
    James A.
    20 November 2018 @ 15:58
    Fantastic. The Bannon interview stole the headlines but this was the show stopper in content. Refreshing and somewhat rude awakening opinions and talking points that KB introduces are exactly what viewers need to educate themselves. Having opinions matters.
  • bm
    bryan m.
    19 November 2018 @ 05:16
    Kyle, where can we download some of your reports? i checked on your site but couldn't find any.
  • WC
    Wilson C.
    17 November 2018 @ 16:54
    Chris mentioned "Weirdly fascinating". have to agree, Guo Wengui (Miles Kwok) makes me smile with his antics, such a smooth promoter. It's curious though how Kyle has bought fully into his "story". Being closer to the action (living in HK), i would say Mile's hands are likely as dirty as the typical billionaire (you don't get to be a billionaire in china back in the day with just "hard work", he's likely greased his fair share of supporters), the crackdown on corruption in recent years even catching past high level past govt officials has him worried, if the chinese govt really wanted him back they would lean on his immediate and extended family in China (and he would be heartless to let them suffer on his behalf). More importantly, Kyle can just talk to people in China freely on the streets, whether in Beijing, Shanghai, Guangzhou, etc this is not North Korea where there is no free speech.... though that would be the impression you get from Miles... just check out the Wechat (China's Twitter) forums. What's funny is Mile's description is probably how it was like 15-20 years ago... a china that doesn't exist today.
  • CS
    Chris S.
    13 November 2018 @ 14:13
    I cannot rate this video because I have no idea what I should think about this. Weirdly fascinating.
    • XW
      Xilun W.
      24 October 2019 @ 19:26
      Yea. Let time prove.
  • ML
    M L.
    11 November 2018 @ 13:42
    Great interview and very bold of RV to host this interview. The death of the HNA chairman was highly suspicious - I remember thinking this before listening to any 'conspiracy theories'. The series of events that China was imposing on the company to delever in the lead up to his death was very telling. His death is not a coincidence. Very fishy.
  • KT
    K T.
    11 November 2018 @ 05:39
    Was flying to New York when I viewed this video. Couldn't help myself but take a walk past the Bank of China building to go and see if "all the windows is blocked". Looked all normal to me, no shutters or closed blinds(and this was a clear morning strong early day sun right onto the building). Either all you say is true or everything else is called into question.
  • EM
    Ewan M.
    9 November 2018 @ 16:13
    What's with all the negative comments? They sound like CCP employees
  • MB
    Michael B.
    9 November 2018 @ 12:31
    Putting this interview out lets us make up our own minds Kwok may be over exaggerating some information but it gets our attention Now we are responsible to find out for ourselves The parallels between China's Social Credit system and what Social media is implementing are interesting to say the least Forcing churches to replace the cross with a photo of emperor Li, says a lot about who these leaders are
  • DY
    Damian Y.
    8 November 2018 @ 05:40
    Great interview and it's good to see RV have the balls to show this. Nothing about the CCP really surprises me. When you look at the 20th century and the crime against humanity that these extreme left wing ideologies (communism) have done to innocent people then nothing that the CCP does surprises me. The entire history of the CCP is all about suppressing and controlling people. After traveling to a lot of these ex communist countries, like Russia, Eastern Europe, China, Cambodia and Vietnam, I've seen first hand the effects of what these evil left wing dictators have done to the people, under the name of socialism. Even today the people are still scared to talk about their government. It's very rare to see someone speak against these dictator governments as it normally ends in one way. Whether you believe Miles or not he has very big balls to say this kind of stuff. This is really only the tip of the iceberg with what really goes on in China. One question to ask yourself. Why do the rich, educated, elite Chinese go to all sorts of length to get their money out of China? If China is such a great investment then why don't they leave their money in China? Why are these western companies all trying to invest their money into China and calling foul play once they've been ripped off. Do you think the elite Chinese who grew up in China know something that the western's don't? As Miles said, westerners are naive and too trusting and if they are shocked by what has been said in this interview then maybe take your next holiday to some of these ex communist countries and talk to the people and read up on the history, Cambodia is a good place to start and spend some time walking around the killing fields. These Kyle Bass interview are great and please keep them coming.
  • CL
    Claus L.
    6 November 2018 @ 11:39
    I have 3 university degrees, speak 5 languages, spent the largest proportion of my life problem-solving, and yet it I DO NOT UNDERSTAND WHY only 2 other people here seem to think that this interview (and, yes, I have read the transcript as well) is incomprehensible gobbledegook. Translators do have a purpose on this planet......
  • HJ
    Harry J.
    4 November 2018 @ 16:09
    Where is my comment?
  • dm
    dan m.
    3 November 2018 @ 17:06
    Photo shoot fresh, looking like wealth I'm 'bout to call the paparazzi on myself Uh, live from the Mercer Run up on Yeezy the wrong way, I might murk ya Flee in the G four fifty I might surface Political refugee, asylum can be purchased Uh, everything's for sale, I got five passports I'm never going to jail - Jay Z
  • LW
    Lei W.
    3 November 2018 @ 07:18
    Guo is fucking joker, and most of his words is not the fact.
    • TP
      Timothy P.
      5 November 2018 @ 06:31
      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.
  • RT
    Rune T.
    3 November 2018 @ 01:19
    Reminds me of the Bill Browder interview which turned out to be misleading and personal/political cold war rhetoric. Doubt creeps in for me anytime someone is demonizing another and Miles Kwok was demonizing China. I really like Kyle. But..... we know that Kyle acts as an advisor to the White House in regard to China and we know that Kyle has a thesis in regard to the RMB. We know that the Whitehouse has long been engaged in strategy and behind closed door war games against China and a long time strategy to continue USD hegemony that affects many countries and curriencies negatively. I think what is closer to the truth is that countries such as China and Russia are not looking to ruin the US and the USD but rather would like to be part of a multi-polar world and a global economy that includes them. On the other hand the US is engaged in demonizing countries such as Russia and China to continue it's USD hegemony.
    • TP
      Timothy P.
      5 November 2018 @ 06:32
      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.
  • pw
    protima w.
    3 November 2018 @ 00:23
    That should have read China has occupied "12000 square miles of Indian territory illegally and it slowly creeping into India". Which country does territorial expansion in this day and age? Well China is!! That is the truth!
  • pw
    protima w.
    3 November 2018 @ 00:19
    Few people in the West know that China has occupied 12000 square miles of Indian territory and they are creeping in further into India. They do not respect treaties made between their neighboring countries and make up their own maps to claim territories. So this is not surprising to me at all. Many countries including Vietnam are saying that China considers "south china sea" and East china sea as its own territory because it has the name China next to the sea. The question is how do you implement treaties and international laws when it comes to China? Nobody has ever challenged them and they have become emboldened as years went by. How many people in this forum know that they took possession of a port in Sri Lanka under One Belt one road initiative because Sri Lanka could not pay its debt to them.
  • bf
    bart f.
    2 November 2018 @ 17:01
    This is how i thought western democraties were operating so no surprise :). more seriously this is all plausible although the scale of the corruption described seems too large to have been sustained for so long. it is good that our governments are waking up to these hard facts but they have been complicite for so long by creating a labour/capital arbitrage through corporate globalization that China alone cannot be blamed. Deglobalization is underway and it will be inflationary.
  • GN
    Griffin N.
    2 November 2018 @ 08:55
    China is getting scary:
  • dm
    dan m.
    2 November 2018 @ 02:10
    What's this? Looks like the set of a Rick Ross music video.
  • CD
    Christopher D.
    2 November 2018 @ 00:15
    This is more about Kyle Bass’s agenda. It is such an obvious political play. More loopy right wing White House / Steve Bannon material. The is a negative for RVTV
  • CB
    C B.
    1 November 2018 @ 17:05
    Sociopaths the world over should eat a hand full of mushrooms so they can at least have a chance to be connected to the world that they live on. Change your perspective and forget your old contexts so that you can embrace peace and love and leave your addictions to amphetamines and power behind. RealVision is so cool because it is telling us a story about the current fixations of the human species. If we destroy our planet, ecology and one another will we feel remorse? Money is perhaps the most important communication tool in existence today and large players ability to distort the information that money conveys is preventing us from washing away the unproductive allocations of resources. Perhaps new money will repair this issue. The imposition of honesty is the value of gold, crypto and markets! Ooga chaca!
  • SG
    Sherman G.
    1 November 2018 @ 00:08
    Great interview. Confirms my suspicions with detail.
  • CA
    Craig A.
    31 October 2018 @ 07:12
    Lots of insight. Really shocking stuff.
  • CZ
    Cyprian Z.
    31 October 2018 @ 05:09
    the guy clearly has a lot of knowledge but I can't help but think that letting him speak Chinese would have made for a better interview (despite Kyle's great effort).
    • HH
      HODL H.
      31 October 2018 @ 06:13
      Practice makes perfect man
  • JM
    John M.
    31 October 2018 @ 04:58
    I wish we had the opportunity to tweet a copy of this interview. Hope Raul will consider this.
  • DK
    Daniel K.
    31 October 2018 @ 01:57
    Would he be the Missionary (game theory)? Jack Ma have a cult following, I hope he will be left alone as long his teaching doesn’t interfere with the party line. Although he’ll be always dangerous... wish him many years
  • CH
    Colin H.
    30 October 2018 @ 23:49
    Miles' English was difficult to understand in some places. I think it would have been a good idea to have used the translator more either in the interview or in post.
    • HH
      HODL H.
      31 October 2018 @ 06:27
      Open the close
  • BL
    Brian L.
    30 October 2018 @ 19:54
    Fascinating. It confirms suspicions probably most of us had all along. I couldnt help but picture the corollary to that conversation. Somewhere in China, in an airplane hangar, a Chinese Kyle Bass, interviewing some US insider and getting the inside spiel on the US "Mafia families" and financial dirty tricks. Now obviously we are more transparent and such...but...there certainly is some overlap. Human nature is the same worldwide.
  • jm
    jim m.
    30 October 2018 @ 19:12
    I respect Bass and enjoyed Kwok. The message to me is that Americans have been and are truly naive as to China's intentions vis a vis the U.S. My view has been and is, is that China is ruthless and has a desire to return to being the principal global power. The U.S. has evidenced an inability to plan and execute. I do not view Kwok as sensationalist, though I can see how some view him to be just that. My sense is that he has been prescient about Ma and others, that he is friendly with some senior Private/Public Senior individuals who were targeted and will be targeted, and that he is acting selflessly in attempting to educate us on the threats we face from China. I value the Real Vision forum and hope that the forum continues to provide perspectives that cut across investments, and geopolitics. Global macro investing relies in part, on an understanding of that which is political and cultural. Good job and good perspective RV.
  • DS
    David S.
    30 October 2018 @ 18:01
    The US/China trade dispute started off to end the deficit for the US balance of payments. Has it morphed into negotiating on all levels - trade, technology transfer and industrial subsidy policies? This would be a much different negotiation. Anyone with valid sources or their opinions? DLS
  • SC
    Sau C.
    30 October 2018 @ 17:49
    As an Asian American, I have been painfully ignorant of the inner workings of China and the CCP. Mr. Kwok is clearly an educated man but I do wish his English was better as that would make his message more meaningful. It is a terrible signal for China and the rest of the world if what he is saying about Jack Ma and Alibaba is true. I am sure I was not the only one who was a bit surprised at Jack Ma's announcement
  • RK
    Roger K.
    30 October 2018 @ 17:07
    The only question is how the world/ US let the communism continue in China for so long. Why we have started trading full blown with these despicable commies who have no respect for the human life let along the international rule based order. Why we have let them invited into the WTO and now they have SDRs as well. No body challenged this until Trump comes along.
  • ev
    ernie v.
    30 October 2018 @ 16:21
    If you take away only one thing from all this. China is not our friend.
  • Sv
    Sid v.
    30 October 2018 @ 15:57
    He is right about the simple mindedness of America. These countries are run by the Mafia. They call them selves the Communist party, or the Revolutionary party, or what ever, but they are essentially the modern mafia. Can you imagine living in country run by a mafia? The best hope is that the mafia members start infighting over the declining pie. time will tell. Thank you RV. This is worth the price of admission.
    • XW
      Xilun W.
      24 October 2019 @ 19:34
      It is happening now thanks to the trade war.
  • ML
    Michael L.
    30 October 2018 @ 07:34
    he might have just saved Jack Ma's life with that prediction - as China stays away from Ma just to discredit this guy
  • SC
    Stanley C.
    30 October 2018 @ 05:53
    Let me elaborate Mr. Kwok’s “Blue Gold Yellow Plan” , a tool to leverage against you. Blue, hacking your personal information, gold: money to coerce you, Yellow, sex. Let me explain from my China experiences. Many of the hotels in China had 1 or 2 hotel rooms accessible by Police or local government. These rooms have full surveillance equipments. If you are over 50 with 3 tiny hair on top, big belly, a 20 yrs old girl showing interest and would like to follow back to your hotel room. Don’t think you are attractive , you are just targeted. Many Universtiy professors fell for that.
  • AL
    Andrew L.
    30 October 2018 @ 05:09
    In light of this conversation a bit of recent local news seems much more sinister.
  • AL
    Andrew L.
    30 October 2018 @ 04:52
    I have always wondered what was the motivation for Nixon going to open China in the first place? Of course you will hear the argument of globalization leading to a softening of the communist regime thorough economic inter-dependence. I don't buy that. I am very curious because It seems that the the economic dog, when it really matters, gets wagged by the geo-political/military/security tail. But I have nothing to back that up.
  • DF
    Dominic F.
    30 October 2018 @ 02:19
    I wonder if “I just met with Steve Bannon” had anything to do with this interview being agreed to. Stir up the sentiment, self-fulfilling prophecy 🤷‍♂️
  • SS
    Sam S.
    29 October 2018 @ 19:28
    2000 people in a smallish high rise-----World Trade Center Buildings pre-911, an engineer mentioned each building held up to 30,000 people each. Go figure.
  • AG
    Adam G.
    29 October 2018 @ 18:16
    A controversial interview. My interpretation of the agendas of each: I suspect Mr Kwok does have some insight into how things work in China and he is not particularly happy for whatever reason and sought refuge in the US and wishes to maintain his status in the US to avoid his enemies in China. Mr Bass is attempting to look behind the Chinese curtain to support his ‘short the RMB’ trade. The unsubstantiated claims by Mr Kwok are just that. The truth is probably somewhere in the middle but it doesn’t really matter because it is their system. The US also has some serious issues. At one point in the interview Mr Bass stated ‘I think you are right because you agree with me…’ I don’t know if Mr Bass was saying this in jest but I question the value of Mr Kwok’s input regarding the short RMB trade. I don’t disagree with Mr Bass’s thesis but question usefulness of this piece because of the emotional content. However, the YEN short trade seemed like a slam dunk but I guess its about timing. My observation is that the US primacy (unipolar world) is dwindling. It is losing ground on Brzezinki’s Grand Chessboard. You have ‘Art of the Deal’ vs ‘Tzun Tzu’. You have short term objectives (quarterly reports, US election cycles) vs long term planning. Both have debt issues… the Chinese invented paper money. I re-watched the Malmgren interview which I find to be much more useful. As mentioned, I don’t disagree with Mr Bass’s thesis but my play for now is long $US. Thanks RV
    • KS
      Kathleen S.
      29 November 2018 @ 00:54
      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.
  • TS
    Tyler S.
    29 October 2018 @ 14:48
    20% of how many billions, sign me up.
  • DS
    Darryl S.
    29 October 2018 @ 08:11
  • JC
    Joel C.
    29 October 2018 @ 05:31
    things that make you go hmmm...
  • FL
    Flavia L.
    29 October 2018 @ 05:20
    Mr. Guo has a worthwhile message and his comments about the economy and the banking system have a lot of merits, but he lost me long before this interview was aired. If you think this is outlandish, you should tune in to his youtube monologues (in Chinese though). He is undermining his own messages with his exaggeration and too-out-there predictions and comments. His predictions about millions of people on the street of Beijing did not turn into reality. Sometimes I feel the naïve ones also include him. What he missed about China is the lack of internal desire for revolutionary change. I don’t know if the economy will worsen enough to tip the scale, but it certainly was not there before. Regarding his comments about China’ grand strategy, is that even a secret? Of course China wants to see a weakened US, wants to challenge dollar’s status, just as US wants a weakened China, a potential challenger to her supremacy, and wants to defend dollar’s rule. What I’m most curious is about his prediction of the party’s downfall in two years. Well, that is serious, every single person here will feel the impact one way or another.
    • CB
      C B.
      30 October 2018 @ 05:17
      In 1984 the Proles never revolted, and I think Orwell believed they never would
  • GO
    Gary O.
    29 October 2018 @ 04:54
    I watched this four times and it is still hard to believe his claims. It is also funny when Miles said 20% of a billion dollars and Kyle almost fell off his chair!! Big balls Real Vision. I am impressed. Again.
  • LC
    Liliana C.
    29 October 2018 @ 04:34
    Not much of what Mr. Kwok said surprised me frankly and Most if not all know of those who have lived under oppressive regimes, whether communist or dictators know this. Indeed those regimes work as described by Mr. Kwok. Having said that, I wonder why now are powerful members of the CCP undoing their profitable partnerships with their protégés such as Ma, Mr. Kwok and the Chairman of the insurance company assassinated in Provence? Have the business moguls overstepped their boundaries? Have they cheated their “partners” on their share of the loot? What has changed? That’s the million dollar question in my mind. Thank you Kyle, Mr. Kwok and RVTV!
  • JX
    JIA X.
    29 October 2018 @ 04:31
    Wow, it is on RV!
  • SZ
    SALEH Z.
    29 October 2018 @ 01:51
    interesting but a lot of sensationalism...firmly in the category of Jim Rickards and Martin Armstrong...
  • jl
    jay l.
    28 October 2018 @ 23:27
    john perkins please
  • gg
    georgy g.
    28 October 2018 @ 22:18
    When you think about liberal brainwashing at colleges here and watch kgb old playbook here - this is all very believable.
    • KW
      K W.
      29 October 2018 @ 03:36
      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.
    • SS
      Swagotom S.
      29 October 2018 @ 23:05
      Watched Bezmenov's interviews last year. Eye opening. Brain washing is very much visible in academic campuses.
  • PG
    Philippe G.
    28 October 2018 @ 21:26
    Well, well...I had a feeling this video wasn't going to be the usual RV interview as soon as I saw the disclaimer and heard "undisclosed aircraft hangar".... I try to keep an open mind with all theories on China, so my compliments to RV for sticking their neck out to put this together. Of course, same for Mr. Bass and Mr. Kwok/Wengui
  • CD
    Chris D.
    28 October 2018 @ 20:49
  • FG
    Flavio G.
    28 October 2018 @ 20:22
    They need to print more money because they have a much higher propensity to save. With growth and given that propensity, they need to print more in order to satisfy hoarding of cash without creating deflation. Please stop creating fictional conspiracy theories around M2
    • KW
      K W.
      29 October 2018 @ 03:39
      And you trust that data?
  • RM
    Robert M.
    28 October 2018 @ 20:10
    Good interview and interesting, although difficult to follow at times. It would be helpful if RealVision could use this material for another piece that goes into greater depth with additional information about the people and events named. In the same piece, RV could clarify and or expand on the points that Guo Wengui made during the interview. Sounds like China and Russia have more similarities than I realised with regards to who controls the wealth and how they acquire it. Funny that China gets away with state sanctioned murders but Saudi Arabia doesn't.
    • KW
      K W.
      29 October 2018 @ 03:43
      Saudi got sloppy by killing someone in an embassy (which happen to be bugged and Turkey is a major foe of Saudi).
    • EF
      Eric F.
      29 October 2018 @ 03:46
      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.
  • PZ
    Petr Z.
    28 October 2018 @ 19:12
  • SA
    Sandeep A.
    28 October 2018 @ 17:57
    This interview is full of unsubstantiated claims. No country can build an economy as large as China without rule of law and an enduring economic philosophy. It appears Raoul/Realvision is providing a political platform to a rabid anti-China elements like this runaway billionaire. Please stick to economics and business perspectives.
    • PD
      Philip D.
      28 October 2018 @ 19:11
      Politics, business & religion...they all sleep in the same bed, they all dirty the same linen #selfquote
    • JS
      John S.
      29 October 2018 @ 01:12
      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.
    • KW
      K W.
      29 October 2018 @ 03:50
      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.
    • JB
      Jason B.
      30 October 2018 @ 02:05
      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"
    • JB
      Jason B.
      30 October 2018 @ 02:06
      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?
    • DJ
      Dhananjay J.
      31 October 2018 @ 00:07
      Obviously you have never been to China or discussed matters with any Chinese citizens
  • OS
    Oliver S.
    28 October 2018 @ 17:11
  • RS
    Rob S.
    28 October 2018 @ 16:31
    Miles, Mate keep your head down! having just returned from China I get the surveilance thing. that was spectacular interview! RV bleeping marvellous
  • RS
    Rob S.
    28 October 2018 @ 16:31
    Miles, Mate keep your head down! having just returned from China I get the surveilance thing. that was spectacular interview! RV bleeping marvellous
  • SR
    Saul R.
    28 October 2018 @ 15:46
    Why is this behind a paywall. This interview should be spread far and wide !
    • RM
      Robert M.
      28 October 2018 @ 20:11
      Agreed, although RV could repackage it and summarise it at the same time.
  • CM
    C M.
    28 October 2018 @ 14:35
    After watching the video yesterday, saw this headline in the South China News this morning: China praises Macau official who fell to his death, calling Zheng Xiaosong a man ‘of integrity’
  • MB
    Matthias B.
    28 October 2018 @ 14:32
    just out of curiosity and probably a question to Milton, has this interview attracted the most comments ever? I think I have never seen a video which led to so many arguments in favor/against. Just going through this comments section is worth the RV sub.
    • M.
      Milton .. | Founder
      28 October 2018 @ 16:36
      Yep, I’d say this plus the Stan F. Drunckenmiller are our most commented pieces.
  • MK
    Mike K.
    28 October 2018 @ 14:07
    This was an absolutely fantastic interview. It’s hard to prove whether the implicit allegations made by Mr Wengui are in fact true, but from my experience, they all seem very plausible. Reading the polarizing comments below – and I urge all viewers to do so, for a broader opinionated view, I felt compelled to offer my own. Growing up in a communist country, one my family and I had to flee from, such allegations are not surprising. I urge all the Americans (and other nationalities), who were fortunate enough to be born in a democracy, and never personally experienced living under such communist regimes, to open their minds and educate themselves. Communist states: Under such conditions human principles do not change, and it’s really no different this time with China.
  • CH
    Curtis H.
    28 October 2018 @ 13:46
    I want to register a very strange occurrence twice. I watched this video twice on my iPhone and each time I received a call from Washington DC. Each time a voice mail was left which was in Chinese. I have no idea what the message was. The phone number is 202-609-2917. This is an eerie coincidence because I have never received this sort of spam before.
    • ww
      will w.
      8 November 2018 @ 15:19
      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?)
  • OD
    Orin D.
    28 October 2018 @ 12:18
    RV- I want to just point out there is a big difference between this and great expose pieces like that done the Guardian about Cambrige Analytica that had PROOF. These are wild claims that further fuel a growing dysfunctional US-China relationship. Media is a powerful thing and there needs to be some sort of proof. Everything he says may be true but what if they arent true? What is the cost???
    • PD
      Peter D.
      28 October 2018 @ 16:01
      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.....
  • FM
    Fraser M.
    28 October 2018 @ 10:20
    I haven’t earned the right to have an opinion on these matters but am grateful to RV for providing access to this darker side of the China narrative.
  • MF
    M F.
    28 October 2018 @ 09:52
    I will be brief: this interview boils down to one of two treatments: 1) if this is false, it was an entertaining and interesting perspective with an agenda; 2) if this is true, it is the most important video RV has ever done, bar none, by virtue of the economic, geo-strategic and market impact and outcomes that likely follow if conclusions transpire.
    • JS
      John S.
      29 October 2018 @ 01:18
      exactly agree
  • HL
    28 October 2018 @ 09:49
    brilliant interview
  • RC
    RJ C.
    28 October 2018 @ 07:10
    I will make something very simple for anyone who was wondering whether this is a credible videos, it doesn't matter if the video is 100% true or 0% true. The only thing to determine is the weighing the bet of either. 1. Price seems to agree, sitting right near the high of 7. 2. China NEEDS a weaker currency. 3. Fed tightening policy. Getting in front of this cocktail is only possible with small bets, tight stops, and options. The trade, long USD has a huge upside skew because of the possibility of deval, a long term break of 7 in general is a very long term breakout, and finally the underlying CB forces. Bet it either way you like, but fading long term breakouts with this much risk of vol is absolutely the antithesis of anything I would do.
  • JS
    Jerad S.
    28 October 2018 @ 07:02
    I really appreciate this unique perspective. Thank you.
  • DR
    Debra R.
    28 October 2018 @ 06:17
    Apart from pushing your bearish view on China, how does this help investors?
    • EF
      Eric F.
      28 October 2018 @ 16:54
      Helps them plenty if they are invested in China, or thinking of doing so.
    • CT
      Craig T.
      29 November 2018 @ 04:05
      It helped me to decide to place a bet against BABA.
  • PO
    Paul O.
    28 October 2018 @ 05:31
    I would like to hear both Anne Stevenson Yang and Christopher Balding respond to this interview. From what I recall from her interview with Grant is that the CCP is no longer interested in overthrowing the dollar as the world reserve currency.
    • PO
      Paul O.
      28 October 2018 @ 05:49
      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
    • EF
      Eric F.
      28 October 2018 @ 16:56
      I generally look at what someone is doing, rather than what someone is saying. Actions will speak louder than words.
  • DR
    David R.
    28 October 2018 @ 05:18
    Wonderful interview! Well worth the mild difficulty Mr. Wengui has communicating some points. For those with patience, a wealth of insight is tucked in his answers.
  • SD
    S D.
    28 October 2018 @ 04:41
    The guys knows Jack Ma is walking dead because he'll be the one pulling the trigger. No platform. Shame, RV.
  • SD
    S D.
    28 October 2018 @ 04:40
    This guy resembles Ahmed Chalabi in key respects: sharp suits, friends in high places, and scandalous scuttlebut that proves impossible to disprove.
    • SD
      S D.
      28 October 2018 @ 04:45
      Forgot the unexplained millions. Sorry. Billions. With a B.
    • PD
      Peter D.
      28 October 2018 @ 09:12
      ..... great conversationalist, etc....My thoughts exactly....
  • PB
    Pieter B.
    28 October 2018 @ 04:22
    This was superb Kyle! I truly hope you keep on interviewing interesting people in the financial world for RealVision. Thanks a lot!
  • CM
    C M.
    28 October 2018 @ 02:09
    As an investor, my biggest takeaway is that he is talking to Bannon, which means it is going to Trump. And while the claims in the interview can not be substaniated and many appear to be exaggerated, Trump drives his foreign policy off this type of information. Thus, his economic war with China may be greater than any of us imagined leading to higher tariffs on January 1st and creating unwanted disruption in the global supply chain. This will impact markets negatively going forward.
  • BP
    Bryce P.
    28 October 2018 @ 01:54
    Hey RV does this clown have the same despicable handlers as Bill Browder? Skeptical of who this guy really works for. You like to claim how RV is on the cutting edge of this and that. Then do what you want to claim to be in its entirety. Terribly disappointed in RV that you didn’t give the total backstory to who Bill Browder really is. Shame on you RV and that’s why I’m very skeptical on this clown’s true motives and wondering who he really works for. Did you truly do your due diligence on this guy and Browder? Like who really financed these turds would be a good place to start.
    • LC
      Liliana C.
      29 October 2018 @ 04:14
      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.
  • GO
    Gary O.
    27 October 2018 @ 23:58
    Very, very interesting. Definitely a first for Real Vision. If I was Kyle, I would not hang out with "Miles Kwok" Very Very dangerous China kill you!! Everyone will have eyes on Jack Ma from now on!
  • AS
    Abi S.
    27 October 2018 @ 23:39
    Fantastic. It’s only sensationalistic if you don’t know the reality of the world.
    • SD
      S D.
      28 October 2018 @ 04:42
      Doesn't mean you want it in your living room.
    • EF
      Eric F.
      28 October 2018 @ 17:02
      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.
  • JL
    J L.
    27 October 2018 @ 23:04
    what's the line on this gentleman disappearing in 1y time
  • NG
    Nick G.
    27 October 2018 @ 22:48
    Newsfash: if you start a small business in China or Russia you can grow it into a multi billion operation within 5 years without any political help whatsoever. The system is open and transparent and anyone can make it through sheer hard work. Kissing political ass absolutely not a requirement. Thanks for bringing on a crook to tell me the system is crooked. You can always believe a crook when he turns on his own.
    • CT
      Christopher T.
      30 October 2018 @ 03:30
      Low IQ comment
  • WS
    William S.
    27 October 2018 @ 22:11
    It's impossible to judge Mr. Kwok's veracity, but as I watched the interview, I found myself doubting his reliability as a source. In my opinion, this interview ranks just behind the Bill Browder interview as the most ill-advised decision in RealVision's otherwise stellar history.
    • EF
      Eric F.
      28 October 2018 @ 17:03
      Strongly disagree. RV is all about counter points and not consensus view.
  • MB
    Maciej B.
    27 October 2018 @ 21:26
    The production is terrible, should’ve let him talk in Chinese with English dub, I feel so much info is not getting through due to the language barrier
    • EF
      Eric F.
      28 October 2018 @ 17:06
      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.
  • NK
    Nam K.
    27 October 2018 @ 20:41
    @Milton: FYI, this clip has been uploaded on Youtube for some reason:
    • SR
      Steve R.
      27 October 2018 @ 21:18
      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.
    • DR
      David R.
      28 October 2018 @ 08:54
      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.
  • HF
    Hassan F.
    27 October 2018 @ 18:58
    Kyle has now either willingly or inadvertently put himself in harms way. I don't understand how does being on the CCP hit-list does him any favors as he would have been making money hand over fist from the China slowdown.
  • MD
    Marian D.
    27 October 2018 @ 18:48
    @Kyle Bass: this interview makes it very clear to which lengths you go when working on a thesis and doing your own primary research - very impressive, hats off! Is there a more up to date presentation - besides the Hayman Letter of Feb 2016 - of your view what is going on in china you like to share? Many thanks for this interview! Best, M
  • CW
    Christine W.
    27 October 2018 @ 18:34
    As a Journalist, I commend you Real Vision!
    • SD
      S D.
      28 October 2018 @ 04:44
      Not much of a journalist then, are you.
  • MC
    Martin C.
    27 October 2018 @ 17:58
    Thank you Realvision and Kyle for arranging this candid, open and hard-to-get interview about what’s inside the CCP. In appreciation, you have me as a life-long subscriber. Keep up the fantastic work! Thank you also to Mr Kwok for risking your life to enlighten us. There is much more work to do.
  • rl
    roger l.
    27 October 2018 @ 16:10
    One thief accusing another thief. Although some of Mr Kwok's claims can be true but he is still a crook nevertheless. Disappointed that an interview of a person of such dubious nature is put on RV platform.
  • ly
    lena y.
    27 October 2018 @ 15:30
    Who is this Mr. Kwok? How he gets this rich in China? Why he has so much inside informations? Was he one of them before? He turns on his colleagues after a fall out? Is there personal interest in his interviews? About Wang Qisan? One can cross check his judgement with that of Ray Dalio who talked about Ray's meetings with Wang in his book The Principles. Whom I believe in?
    • DR
      David R.
      28 October 2018 @ 05:49
      Excellent point. Mr Dalio appears to be on the opposite side of this in numerous ways including the debt and economic outlook for China.
  • BA
    Bruno A.
    27 October 2018 @ 15:08
    It’s a pity this interview was not held in Chinese with English translation . I think that 90% of info was lost because of poor english. We could have made so much more. Still this 10% was amazing, especially about the strange death in Provence and the disappearance of the France based Interpol chief. Comments about RMB printing and non convertibility strengthened my belief that the Chinese created a monetary anchor in RMB by manipulating gold price. By maintaining an artificially low price of gold, and encouraging the ownership of gold by their population, the Chinese can hide the loss of purchasing power of the RMB due to money printing . I think the US is passive on this so far, because the Chinese got themselves into a trap. Whenever the US decides to push the price of gold higher they can create an hyperinflation in China and defeat their opponent..
    • DR
      David R.
      28 October 2018 @ 05:54
      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.
    • EF
      Eric F.
      29 October 2018 @ 03:49
      Has it really killed the petrodollar? I think that’s a bit of an exaggeration.
    • CT
      Craig T.
      29 November 2018 @ 04:19
      I thought the Chinese populace held gold because they don't trust their government to maintain honest currency.
  • PT
    Patrick T.
    27 October 2018 @ 15:02
    RV's best interview ever? No. Crooked Oligarch who has fallen out of favor doing interview for his benefit.
  • GA
    Giedrius A.
    27 October 2018 @ 14:49
    Thank you RV for such a great interview. Absolutely shocked about Miles Kwok's warning message to the rest of the world. We did not learn from the past and we easily forget what the Communism is all about. Thank you once again
  • RR
    Robert R.
    27 October 2018 @ 14:37
    I laughed out loud when Kwok said Fan Bingbing was a girlfriend to many...
  • GF
    Guillaume F.
    27 October 2018 @ 13:36
    Very interesting!! Thanks a lot for bringing us this interview!
  • IO
    Igor O.
    27 October 2018 @ 12:05
    Chinese version of Bill Browder? Same outrageous claims.
  • JS
    John S.
    27 October 2018 @ 11:57
    Very worthwhile interview. The west needs to wake up.
  • MG
    Mandeep G.
    27 October 2018 @ 11:39
    Could he ever have become rich, connected and with insider information of how power operates in China, without part taking in the system. So of course he is tainted, but does that mean one should not believe the information he is providing. Of course be cynical, but there are ways to come to conclusion that amongst some amount of hyperbole there is also fair bit of truth. I can believe the actress taking a cut of the loans she could facilitate, because I have first hand knowledge of that happening with State run banks in India 20-25 years ago (the cut used to be between 5-10% dependent on size of loan), the reason they are saddled with NPL's now. Arbitrary arrests on trumped up charges, is easily believable in a country that has no independent judiciary. And happens pretty regularly in countries referred to as emerging markets. Extra judicial killings happen even in a working democracy like India for non-powerful or non-connected , so absolutely believable that this happens in China where CCP has absolute control. It is only through absolute control that China can continue the smoke and mirrors effect that is the Chinese economic miracle and financial world, without imploding into hyper-inflation. Else every developing country could run the printing presses and produce the same economic miracle!
  • SG
    Sashi G.
    27 October 2018 @ 10:35
    I don't think this sort of interview belongs on RV. More likely on Fox News perhaps. But it seems to add fuel to the points made in the discussion between Grant and Kyle, so maybe that is why this was aired. But still - to what purpose? Investment and "situations" are two different things. Unless you are trying to show ethical values here on RV as well.
    • MG
      Mandeep G.
      27 October 2018 @ 11:43
      Its called country/political risk information in investing world. I found it to be worth the money I pay for RV subscription
    • CS
      C S.
      27 October 2018 @ 11:47
      Dont be one of those that knows the cost of everything and the value of nothing, Sashi.
  • as
    andrew s.
    27 October 2018 @ 09:05
    Pity RV has become so ZeroHedge
  • SK
    Sebastian K.
    27 October 2018 @ 08:56
    Kind of hard to Understand all what Miles was saying, but what made me wounder in the last month was, Why is Jack Ma leaving Alibaba suddenly? Why is the Chinese Interpol Chief is suddenly missing? Why is there even an Chinese Interpol Chief by the way? ;-) My conclusion was they both must have made enemies with the CPC? They must have fallen to disgrace with someone very powerful. I Never owned a Chinese stock behause i don‘t Trust the System at all! Last thought, since Miles is in the US, is he working with the CIA? Will he be the next to „disappear? If he does we all know there was something about his Stories.
  • TP
    Tucker P.
    27 October 2018 @ 06:16
    Umm... there are large, and seemingly important parts of his narrative I can't understand for the life of me. He seems to be sincere and believable, and what I get from this is quite frightening. But there's a LOT I can't discern from his fractured English.
  • TP
    Tucker P.
    27 October 2018 @ 06:16
    Umm... there are large, and seemingly important parts of his narrative I can't understand for the life of me. He seems to be sincere and believable, and what I get from this is quite frightening. But there's a LOT I can't discern from his fractured English.
  • RS
    Roy S.
    27 October 2018 @ 06:10
    I found this posted on 5th October
  • JV
    Jens V.
    27 October 2018 @ 05:42
    It’s about time for the world to wake up and see the CCP for what it really is. We all enjoy our cheap stuff from China and it has blinded us. The CCP is no better than Putin’s regime or the Soviet regimes before him. They use the same playbook and they have had the time of their lives growing their economy and power unchecked. I see the CCP as the evil power that won. They’ve been in control for almost 70 years now, so we take it for granted. But this is a dangerous organization with values directly opposed to the west. If we wish to keep our values and way of life in the west, we need to fight parties like the CCP. Not trade with them and look the other way as they rob us blind and run their country like George Orwell’s 1984 dystopia. No wonder the book is banned in China. Watch Niall Ferguson’s series on modern Chinese history (Triumph and Turmoil) if you don’t already know who these people are and what they come from (the CCP leadership). It’s also instructive to watch the Icarus documentary about Russian olympic cheating to gain insight on the thought process and methods of this type of regime. They have benefited tremendously from Western naivety. It has to stop.
    • KS
      Kathleen S.
      27 October 2018 @ 05:59
      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"
    • IO
      Igor O.
      28 October 2018 @ 10:08
      Just wonderful how delusional you are.
    • KS
      Kathleen S.
      4 November 2018 @ 22:46
      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!!!!!!!
  • KS
    Kathleen S.
    27 October 2018 @ 05:01
    Wow - let's make it simple -- what Kwok says makes sense when you look at world from right vantge point. How did China Rise from the ashes in early 1970's??? Hmm? Kissinger (Globalist David Rockefeller protege) - totally obvious bad US trade deals that NO doubt hurt US worker and corporations??? What country makes such bad deals- unless you make them because they are an offer you cant refuse. Where is the gold? Look at gold flow west to east -- this was all a globalist set up for the big reset we all know is coming and US has refused to do audit of gold reserves in Fort Knox since 1950's. Next, China is printing money at such an extent it is unfathomable and China has a totally FAKE internal banking system (which Kyle knows is a fact) and what are they doing with this fake system - Oh yeah, LOL One belt One road =Bullshit. Look at Sri Lanka ports, it is the IMF all over again, Debt from nothing and I own you. Bigger picture Rockefeller Bankers Globalist Agenda is the question, these jokers have been in China and supported Mao pre- revolution and post revolution -- Kissinger is a criminal and Trump is actually supporting USA and national sovereignty - like Kyle says. I hope the world wakes up before this all turns on them. I agree with Kwok, China is more evil than most can even imagine. Remember CCP is Mao's party and they murdered 45 million of their own country men. Dont even get me started on David Rockefeller quotes - and there are many about globalist agenda (Rockefeller can't shut his own mouth, has complete contempt for ordinary people and their rights). Raoul you started what was suppose to be a financial channel and what has happened is you have gone down the rabbit hole by asking questions -- thank you for taking us all with you. I tell my students this all the time -- Question Everything and Trust NOBODY. I play golf with an ex - NY FED Banker and she tells me that I have the most cynical mind of anyone she has ever met. But like she also says Nobody she knows asks any questions like I do. And then we both laugh and hit the ball. (Mind you she has given me stock tips on surveillance and AI corporations and I have told her about bitcoin -which of course she sold at the top at 20K - its like you can't make this shit up.
    • TJ
      Terry J.
      27 October 2018 @ 10:18
      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.
    • AB
      Andy B.
      27 October 2018 @ 16:25
      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.
    • JM
      Jim M.
      27 October 2018 @ 23:53
      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.
    • KS
      Kathleen S.
      4 November 2018 @ 22:36
      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.
  • MV
    Mark V.
    27 October 2018 @ 04:50
    I enjoyed the interview so thanks RV. At first I was shocked like most people but then after doing some very brief reading about Mr Kwok (or whetever his name is) I tend to think this is full of half and partial truths. Some of it maybe true but doesn't seem much worse than MBS and the Saudis who we in the West are happy to rub shoulders with. As to the grand strategy of derailing the USD as reserve currency I think the current administration is doing a fine job without Chinese help. Not sure if that was an American lapel badge that KYle was wearing but if it was imho they should always come with a propaganda warning.
  • SQ
    Shuitai Q.
    27 October 2018 @ 04:02
    Most westerners know little about Miles Kwok and believed fake news in the media. He was born as one of eight boys in a very poor family, dropped out of school at 13 and started working. He is completely a self-made billionaire. At age 19, his only younger brother was killed by police, which completely changed his life. His initial drive was to be rich and make a private revenge, but later on, he realized that his misfortune was shared by all other Chinese people, rich or poor, who are ruled by the CCP in a society without democracy, without freedom of media, and without rule of law. That's when he started a long-term plan to accumulate fortune, build up connections with all important people, to prepare for this day that he can use all his resources to nail the CCP to coffin!
  • SQ
    Shuitai Q.
    27 October 2018 @ 03:48
    Miles Kwok started to reveal the secrets of high-rank Chinese officials and the CCP since Jan 2017. At first, even Chinese were totally shocked! and many thought what he said was insane! Over time, people started to realize, it wasn't him that was crazy, it was the people who got brainwashed by the CCP over the decades and too naive to have believe the CCP! After almost two years of brave revelation, most of what Miles had said turned out to be true, be it HNA, be it Wang Qishan, be it Fan Bingbing... Americans have also woken up, the CCP is not only building a Third Reich within the country, but also seeking a global dominance through BYG, though belt-road initiative, and though stealing technology. We've all got to rise and stop them!
  • SD
    S D.
    27 October 2018 @ 03:23
    Who is this guy, and why did he agree to an on camera interview? What was the point? To call Fan Bingbing a money laundering whore and publicize his political allegiances - in advance of what? Seems to me Xi's situation is more perilous than people realise if people like this guy are now publicly agitatingin favour of the old Hu Jintao gang. The yuan's dropping like a stone no matter what this guy says. Bottom line: his suit was too expensive.
    • SD
      S D.
      10 November 2018 @ 23:37
      The suit comment was ill advised, intended as a metaphorical jibe that didn't resonate.
  • VC
    Vince C.
    27 October 2018 @ 02:27
    I move against the crowd here (in this instance, RV’s comments section): If you do some digging this guy has a very poor and well known, corrupt reputation in China/East Asia region. He left because of China’s increasing enforcement of anti corruption as Xi Jinping stepped into the government role. Respectfully, Kyle is openly falling prey to his own politically charged anti-China/CCP biases. The key thing I’ve learned from Kyle’s recent video series is that all investors/traders - despite the size of their AUM - fall prey to their hubris and human biases. Like Kyle’s misrepresented comment with respect to a Chinese minority of Ugyhers in the last video of “1 million Chinese in internment camps”. China does a lot more to respect harmony between religions than many countries and you will see this if you actually visit or better yet, live in China. Do some real digging from Asian sources and you may learn acts of terrorism in China has been concentrated by this Chinese minority group, in a specific region of China. I am neither “pro” or “anti” CCP. Nor am I pro or anti democracy. The pro/anti dichotomy is a very westernised concept itself. I just care for what works. There is a lot of politically charged conjecture in Kyle’s recent video series and this needs to be taken into context whilst watching them.
    • JR
      Jace R.
      27 October 2018 @ 02:31
      That is how it came across for me as well.
    • bm
      brian m.
      27 October 2018 @ 02:49
      Great comment..This interview is bringing out great comments
    • PK
      Prafulla K.
      27 October 2018 @ 02:53
      good comment...everything needs to be taken with a grain of salt these days.
    • KS
      Kashyap S.
      27 October 2018 @ 05:00
      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.
    • VC
      Vince C.
      27 October 2018 @ 05:22
      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.
    • SS
      Sean S.
      27 October 2018 @ 11:30
      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)
    • JM
      Jim M.
      27 October 2018 @ 23:19
      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?
    • VC
      Vince C.
      28 October 2018 @ 04:02
      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.
    • DR
      David R.
      28 October 2018 @ 22:37
      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.
    • SD
      S D.
      10 November 2018 @ 23:35
      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.
    • VC
      Vince C.
      11 November 2018 @ 04:37
      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.
    • SD
      S D.
      12 November 2018 @ 05:44
      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.
    • SD
      S D.
      12 November 2018 @ 05:49
      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.
    • VC
      Vince C.
      13 November 2018 @ 03:14
      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.
    • VC
      Vince C.
      13 November 2018 @ 03:24
      China has been China multiples longer than the Americas were colonised. 5000 years in fact, lol.
    • SD
      S D.
      16 November 2018 @ 16:54
      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.
  • KL
    Ken L.
    27 October 2018 @ 02:06
    @RV -- Respect for uploading this. It takes guts to present this to the public and the internet. If Jack Ma does get jailed or dies in 2019, I am a believer.
  • DS
    David S.
    27 October 2018 @ 01:32
    Knowing the truth about any country run with absolute power is way above my pay grade. While listening I was thinking of all the other powerful dictators acting in a similar way, regardless of hypothetical government type. We have people killed in the UK by foreign spies, we have journalist killed in Turkey, we have citizens killed in and out of North Korea, citizens poisoned in Syria, active terrorist in Europe and the US both home-grown and imported. The list goes on and on. Even worse when these dictators fall, the country is often thrown into total chaos like Yugoslavia and many parts of Africa. The only controls on these powers are a deep-seated rule of law and transparency. These controls on absolute power are also under constant attack. Nuff said. DLS
    • CS
      C S.
      27 October 2018 @ 06:01
      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.
    • DS
      David S.
      28 October 2018 @ 20:46
      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
  • MS
    M S.
    27 October 2018 @ 01:32
    I believe 100% CCP can do all and even more. No doubt.
    • TE
      Tito E.
      27 October 2018 @ 12:09
      Better to doubt everything. All of this.
  • LS
    Luis S.
    27 October 2018 @ 00:57
    I thought to have this video on the background when doing my weekly charts read. It was a bad idea. This guy drove all my attention to what he was saying. Thank you Real Vision for allowing us to access such a perspective. Coming from a Latam country, I would not be surprised to know that the "jail or die" way is a standard in Chinese politics of power.
  • DB
    Derek B.
    27 October 2018 @ 00:34
    Bravo! RV
  • my
    markettaker y.
    27 October 2018 @ 00:12
    I think it could have been made a bit more clear that Guo Wengui is a thug and Party underworld figure who ran funded the security apparatus, under their protection, working hand in glove with them, and was almost certainly an MSS asset himself. The game he played was that he'd work with security officials to take out business opponents, clean up making billions, and use that money as a secret slush fund to pay for security work. Like the off-the-books banker for his security bosses. He is continuing to play political games here. Given his history of lying his head off, it's unclear that RV should have given him this platform. Interesting anyway. But it would have been a bit more appropriate to first inject some realism into this so we know who we're actually listening to. This is not just some businessman who has gone rogue and is now fighting for democracy. That claim couldn't be further from the truth.
    • CS
      C S.
      27 October 2018 @ 06:50
      Isnt it even better then? An ex-thug/crook that is spilling the beans.
    • MM
      Mak M.
      27 October 2018 @ 10:28
      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.
    • my
      markettaker y.
      29 October 2018 @ 05:01
      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.
  • RH
    Radwan H.
    27 October 2018 @ 00:06
    I just finished putting together what I thought was a long term Chineese stock portfolio. Now I feel nauseous, uncomfortable and confused. I need to digest all of this a bit more and do more research, sooner than later....
    • EF
      Eric F.
      29 October 2018 @ 04:08
      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.
  • SM
    Sarit M.
    26 October 2018 @ 23:55
    As Grant mentioned, this was definitely one of the most extraordinary interviews I have seen on RV. thanks for the perspectives.
  • JS
    Justin S.
    26 October 2018 @ 23:49
    this is on the web
    • YW
      Yowshi W.
      27 October 2018 @ 00:42
      Published 10/05/2018....
  • LH
    Luke H.
    26 October 2018 @ 23:09
    This is fascinating!
  • AL
    Andrew L.
    26 October 2018 @ 23:08
    Fantastic interview illustrating CCP's strategy against the United States. Its all coming together. As Kyle said: "everything is connected"
  • AA
    Aymman A.
    26 October 2018 @ 22:34
  • CC
    Christopher C.
    26 October 2018 @ 22:20
    The implications are both, so grandiose and machevelain (that is to say, what I believe to be a deeply underappreciated sino-psychotic capability of megalomania which can not be fully appreciated by the unread, casual, or timid Western mind) as to set to quivering even the stoutest soul. Most will retreat into disbelief, scorn, disdain or outright neglect of the subject matter so as not to be forced to confront not only the immediate, but the long term, global ramifications. Evidence be damned.
  • JK
    John K.
    26 October 2018 @ 22:07
    Grant, Please consider assessing your IT security and physical security infrastructure and methodologies for you, your family, your employees, and your business, in an effort to identify potential weaknesses, as well as, to educate those around you in proper self defense, as I am quite confident that releasing information such as this (which I am very grateful and thankful for) may expose you and those around you to potential future risks. I am certainly not requesting this to facilitate fear, as often times, the smallest of measures can provide exponential benefits in terms of safety, but rather, it is because I do support you and RealVision leadership in making available conversations like this, and the corresponding exposure that this venue provides, that I position these respectful suggestions in an effort to further your well being and the continuation of the great work that you and your RealVision team is accomplishing. Regards, John
    • JV
      Jens V.
      27 October 2018 @ 05:28
      Agreed. Thanks for doing this and please do as suggested.
  • CR
    Cristian R.
    26 October 2018 @ 21:24
    Amazing talk. But it would have been better if he spoke mandarin and it was subtitled. I know it would take longer to edit but sometimes I really don't understand what he is trying to say.
  • CD