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Texan investor who made millions from the credit crunch... and now he stands to make 65,000% profit if Europe goes down the drain

 
NUTRAMAC
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10/03/2011 12:29 PM
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Texan investor who made millions from the credit crunch... and now he stands to make 65,000% profit if Europe goes down the drain
Meet the Texan investor who made millions from the credit crunch... and now he stands to make 65,000% profit if Europe goes down the drain

Read more: [link to www.dailymail.co.uk]
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935
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10/03/2011 12:30 PM
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Re: Texan investor who made millions from the credit crunch... and now he stands to make 65,000% profit if Europe goes down the drain
Kyle Bass founded hedge fund after saving $10million from Wall Street stint
Gambled against sub-prime mortgage bond market before it crashed
He has now started to bet against European countries including Greece
Set to increase money by 650 times from Greek bet if default happens
Keeps huge gold bars in his desk drawer and owns 20 million nickel coins

Read more: [link to www.dailymail.co.uk]
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935
NUTRAMAC (OP)

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10/03/2011 12:31 PM
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Re: Texan investor who made millions from the credit crunch... and now he stands to make 65,000% profit if Europe goes down the drain
A big issue he identified was large banks being treated as ‘extensions of their governments, sure to be bailed out in a crisis’.

Mr Bass spoke to Harvard economics expert Kenneth Rogoff about sovereign balance sheets and finally realised the scale of the problem when he presented him with some research.

Professor Rogoff told Mr Bass: 'I can hardly believe it is this bad' after he had looked at their figures.

Mr Bass replied: 'If you don’t know this, who does?’ and thought: 'Holy s**t, who is paying attention?

Read more: [link to www.dailymail.co.uk]
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935
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10/03/2011 12:34 PM
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Re: Texan investor who made millions from the credit crunch... and now he stands to make 65,000% profit if Europe goes down the drain
and now he stands to make 65,000% profit if Europe goes down the drain
 Quoting: NUTRAMAC


or he'll lose everything? tounge
NUTRAMAC (OP)

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10/03/2011 12:34 PM
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Re: Texan investor who made millions from the credit crunch... and now he stands to make 65,000% profit if Europe goes down the drain
smiljednxkl

inside job
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935

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