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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: pak73 who wrote (3190)	9/1/2019 12:51:10 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 13876

Kyle says nothing about tariffs in the video. You must be thinking about something else. . What Kyle Bass does say is Hong Kong, popularly known as Flee-from Rock, is the most over-leveraged economy in the world. Hong Kong residents can currently earn more interest by holding US Dollars than Hong Kong Dollars. Hong Kong residents are making the switch from Hong Kong to US Dollars so rapidly that Hong Kong will either have to raise interest rates or drop the US Dollar peg within a very short period of time. An interest rate rise will crater the Hong Kong real estate market, wiping out their banking system. So it's certain Hong Kong will abandon the peg to the US Dollar, resulting in a rapid decline in the value of the Hong Kong currency. This will also destroy Hong Kongs' banking system, but over time. Rats are rapidly leaving Hong Kong in increasing numbers, touring the world looking for a spot to land after abandoning their Hong Kong real estate holdings.