The New Establishment Summit Will Feature Billionaire Financier Kyle Bass

For those unfamiliar with the man, following will be a brief rundown of his most notable exploits, starting with his bet against sub-prime mortgages in 2008. Bass saw a market bubble heading for implosion. He was so sure of himself that he invested accordingly and when September rolled around in 2008, he made a fortune. This fortune catapulted him to international financial media celebrity, and since then Kyle Bass has been sure not to miss a chance at influencing the market through his media appearances. The second thing he’s known for is CAD, the Coalition for Affordable Drugs, which forces big ticket pharmaceutical agencies to drop their prices. Ostensibly for the sick, these price drops ultimately gut pharmaceutical stock, allowing Bass to short sell and make additional millions. Meanwhile the sick lose future breakthroughs when the pharmaceuticals producing their medication are subsequently forced to curtail R&D funding. The last notable feature of Bass’ career is his relationship to Cristina Fernandez de Kirchner, socialist despot of Argentina.

With all that as predicate, Bass’ recent booking as a speaker at the New Establishment Summit of 2016 is interesting to say the least. The Summit takes place annually, and this year will be held in San Francisco on October 19th and 20th. It will feature other high profile speakers as well, among them the CEO of Amazon.com and the Vice President of Apple. Every year the Summit brings together industry leaders in areas of technology, media, and finances.

Kyle Bass’ involvement in this Summit says a lot about the financial ethic which undergirds what is called the “Establishment” today. Given that Kyle Bass regularly makes his money from undercutting successful organizations and financial powers, it seems as though said establishment supports his financial leanings. Another factor that could be involved is Bass’ perspective on China, who he thinks will enter economic decline due to their own financial bubble’s implosion either by the end of 2016, or within the next two to three years.

1 thought on “The New Establishment Summit Will Feature Billionaire Financier Kyle Bass”

  1. Despite Cristina’s double-default of Argentina’s economy in only thirteen years’ time, Kyle Bass continues to support her decisions. Kyle Bass has become internationally renown in the last decade. This is a very cool thing for help with dissertation writing which I know is very popular.

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