Tag Archive > Guns

Kyle Bass on BBC: Sovereign Crisis, Japan, Gold and Guns

» 18 March 2012 » In Dope, money, People » 3 Comments

Kyle Bass on BBC: Sovereign Crisis, Japan, Gold and Guns

I actually posted this interview back when it came out on here: How To Deal With Girls That Are Sexting You

I just listened to it again, and I thought it really deserved its own post.

It is one of the best financial interviews on the web for two reasons.

1. Kyle Bass is a smart cat

2. He masterfully and subtlety slaps around the female interviewer with skill never seen on television.

Some dimes that Bass drops:

“You can’t hate the mirror because you are ugly.” (I may bite this one).

“Capitalism without bankruptcy is like Chritianity without hell.”

“Buying gold is just buying a put against the idiocy of the political cycle. It’s That Simple”

“You know how screwed up Europe is when you have an Italian central banker and a German pope”.

“The only way to quote resolve any problems in Europe is to have massive debt restructuring…
One of the things we’ve said in our office recently is you know how screwed up Europe is when you have a German pope and an Italian central banker. We have a scenario today in which debt has grown globally in the last nine years from $80 trillion to $210 trillion. Global credit market debt has grown at 12% a year for the last nine years, while global GDP has grown at 4. We’re in a scenario where the PIIGS have sailed into a zone of insolvency. When you sail into the zone of insolvency there is no quote solution for you. The bill is due and you have to pay the pill. What has to happen is it is of our opinion that these debts have to be written down, it’s that simple.

Basically you’re saying if Germany goes joint and severally liable with the profligate idiots of southern Europe will that quote solve the scenario? Think about this. Let’s assume Germany goes to doing a eurobond and Germany takes on these… first of all German constitutional court has already ruled that that’s illegal in Germany, but let’s assume that they get over that and they go ahead and issue this bond. What would that do for the profligate members including Greece when Greece says, “OK we’re all in, we’re good, you’re lending us more money, we have a big debt problem and you’re lending us some more and now we can borrow a little cheaper,” and then Greece keeps spending, and they go back to Germany and say, “OK Germany I need some more money.” Germany says, “No, we’re going to impose this real austerity on you now.” Greece says, “Fine, we’ll default.” Every single time from now on Germany is in the exact situation it’s in today. We call it in Texas a Mexican Standoff, meaning there’s no winner. The profligate members will always have Germany by the short hairs every time this scenario comes up. So I disagree. I don’t think that Germany will end up going all in. It would not be to the benefit of Germany to do so in the long run. Let me ask you this question: How many of your relatives would you go joint and severally liable with?”

Click Here for Riding the Millennial Storm: Marc Faber’s Path to Profit in the Financial Markets

Click Here for Psychology and the Stock Market: Investment Strategy Beyond Random Walk

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

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Northern Ireland: Travel Wrap Up and Highlights

» 12 July 2011 » In Boxing, Dope, Guide, People, Travel » 4 Comments

Northern Ireland: Travel Wrap Up and Highlights

So I finished up my Northern Ireland trip, here are some highlights:

- I haven’t been to Northern Ireland since I was ten years old, so it was great to see family even though the weather is pretty bad in summer and the food is the opposite of dynamic.

- Most of my family is in West Belfast, East Belfast, a small farming town north of Belfast and a small town on the coast.

- I was absolutely amazed at how many weapons my cousins had. Especially the cousins at the family farm. These cats were loaded for bear. Tons of antique weapons as well. And an old hog barn was turned into a machine shop with multiple lathes for making silencers and other gun parts. Pretty dope stuff.

- I was able to get some good sparring sessions in with my cousins; many of whom I hadn’t boxed since I was ten years old. They all claim that they beat me back then, but I remember differently. The latest rematch was a little tougher. Many of my cousins are huge powerlifter cats now. With red hair to boot. I think I have a bruised rib.

- I was also amazed at the amount of Paramilitaries in Northern Ireland. The place is chock-a-block. The drug trade is flourishing there. And the insurance scams. It was also amazing to hear about the amount of informants. Pretty ugly scene.

- Got to see the sight of my Grandfather and Great Uncles Boxing Gym that they used to run. It is not there anymore. Now it is a park with a monument. At least it is not a Starbucks.

- The Mason Clan actually has a castle on the ocean in Northern Ireland. Supposedly, it was owned by somebody in our family. Sadly, that is no longer the case. However, the coastline in Northern Ireland is breathtaking.

- I definitely dig Belfast more than Dublin.

- Even with all the family activities and dinners, I had enough time to swoop a wee fly red head Irish girl. Smooth.

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The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Danny Boy Ireland

House of Pain – Danny Boy, Danny Boy

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