JOE BIDEN.
10% HELD BY H.
FOR THE BIG GUY WHILE VICE
PRESIDENT.
AMERICAN COMPANIES
OFFICIALS, CELEBRITIES
CONTINUE TO STAY SILENT WHEN
IT COMES TO CHINA WL
DOCUMENTED PATTERN OF HUMAN
RIGHTS ABUSES JOINING ME RIGHT
NOW HAYMAN CAPITAL MANAGEMENT
FOUNDER CHIEF INVESTMENT
OFFICER KYLE BASS, GREAT
DOUBTFUL THIS MORNING THANKS
SO MUCH FOR BEING WITH ME.
>> HAVE GREAT TO BE HERE MARIA
HOW ARE YOU?
>> GOOD, I WANT TO START OFF
ON JAMIE DIMON WE HEARD AT A
PANEL WEEK AGO SAY WELL, THE
COMMUNIST PARTY IS CELEBRATING
100 YEARS SO IS JPMORGAN I
WOULD MAKE A BOTH JPMORGAN OUT
LIVES COMMUNIST PARTY.
HOURS LATER RETRACKS THE
STATEMENT WHAT DO YOU THINK
WENT ON HE APOLOGIZES THAT HE
QUESTIONED THE LONGEVITY OF
THE CHINESE COMMUNIST PARTY.
>> -- I I THINK THAT TO
REALIZE THAT JPMORGAN DOES A
LOT OF BUSINESS IN CHINA, WALL
STREET TODAY GETS ABOUT 12%
REVENUE FROM CHINA AND
GROWING, AND THAT IS THE WAY
THAT CHINA FORCES SELF
CENSORSHIP LIKE WITH
FILMMAKERS WITH SIMPSONS,
DISNEY, THAT KIND OF SYSTEM
CENSORSHIP IMMEDIATELY -- GONE
TO JPMORGAN PR DEPARTMENT
FORCED RETRACTION CHINA
PROBABLY THREATENED TO CLOSE
JPMORGAN’S BUSINESS THERE.
OF.
MARIA: I WANT TO ASK ABOUT
WHAT CHINA IS DOING IN TERMS
OF DIGITAL ASSETS BUT BEFORE
WE GET THERE, WHAT DO YOU
THINK THE MESSAGE SHOULD BE TO
THESE CORPORATIONS OF THAT
PRETTY MUCH BEEN GIVEN A
HONEYPOT FACE IT, JPMORGAN,
GOLDMAN SACHS, GIVEN THE
ABILITY TO OWN ONE HUNDRED
PERCENT OF FIRM IN CHINA.
HAS NOT HAPPENED BEFORE THIS,
WALL STREET IS GETTING
HONEYPOTS TO SELL TO 1.4
BILLION CHINESE WHAT DO YOU
THINK THEY NEED TO UNDERSTAND,
ARE ABOUT THIS QUID PRO QUO
THE CCP IS GIVING THEM?
>> SHOW A I HAVE SAID BEFORE
IT IS IMPORTANT THAT TO KNOW
THAT IF U.S. NATIONAL SECURITY
ARE WAS LEFT UP TO WALL STREET
OR PRIVATE SECTOR FOR THAT
MATTER, WE WOULD ALL BE
SPEAKING CHINESE TOMORROW.
WHAT HAS TO HAPPEN HERE MARIA
SOMEONE SOME ADMINISTRATION
NEEDS TO REALLY THINK ABOUT
WHAT NATIONAL SECURITY RISKS
ARE IN THE UNITED STATES, AND
WE NEED TO STOP CORPORATE SELF
IS IF CENSORSHIP CORPORATE
BUSINESS IN CHINA IF IN FACT
CHINA HAS THIS KIND OF
STIFLING CENSORSHIP EFFECT ON
ANYTHING AND EVERYTHING THAT
U.S. CORPORATIONS PRIVATE
SECTOR DOES.
>> MAKING TOO MUCH IN CHINA TO
RECOGNIZE, AND DO SOMETHING
ABOUT THE NATIONAL SECURITY
ISSUES, CHINA WANTS TO SET UP
A DIGITAL ASSET EXCHANGE IN
BEIJING, AS CHINESE OFFICIALS
PUSH TO PROMOTE THE DIGITAL
YUAN WE ARE NOT SOOUPD WE KNOW
BEIJING WANTS TO TAKE OVER THE
DOLLAR MAKE THE YUAN CURRENCY
OF THE WORLD I789 HAS BEEN
WORKING ON A DIGITAL VERSION
OF THE CURRENCY SINCE 2014
BROADER ROLL OUT EXPECTED,
WHEN THEY HOST THE WINTER
OLYMPICS COME FEBRUARY, YOUR
THOUGHTS ON WHAT CHINA IS
DOING HERE WITH DIGITAL ASSETS
KYLE.
>> WELL, I THINK THE LARGEST
RISK TO U.S. NATIONAL SECURITY
AND TO THE WESTERN RULED BASED
ORDER IS THIS ROLLOUT OF NEW
CURRENCY.
IT IS NOT A DIGITAL CURRENCY
ALONE MARIA IT WOULD BE THE
ADOPTION OF THE CHINESE TECH
STOCKS IN AMERICA IN THE WEST
AND ENABLES CHINESE GOVERNMENT
TO BASICALLY EXPORT YOU
DIGITAL AUTHORITARIANISM ALL
OVER THE WORLD ALLOWS CHINESE
GOVERNMENT TO HAVE DIRECT
ACCESS TO INDIVIDUALS
CORPORATIONS ALL OVER THE
WORLD YOU SEE OUTSIDE VIEW OF
LAW ENFORCEMENT OF ANY BANKING
REGULATORY STRUCTURE THEY CAN
ENGAGE IN BRIBE AND COERCION
DIRECTLY WITH INDIVIDUALS, AND
I THINK THAT WE NEED TO SPEND
A LOT OF TIME ON THIS, YOU
NEED TO SPEND A LOT OF TIME
TALKING ABOUT THE ROLLOUT.
OF THIS DIGITAL CURRENCY
BECAUSE TODAY MARIA YOU KNOW
THAT THE WORLD DOESN’T ACCEPT
YUAN.
>> LESS IN AN 2% IN THE YUAN
TODAY IF YOU YOU ROYAL 1. %
OR SO SETTLEMENTS IN HONG
KONG, CHINA TRADING WITH ICE
CHINA IS DESPERATE TO ROLL OUT
DIGITAL CURRENCY IN 2022 IF
THEY ARE SUCCESSFUL, IN
PUSHING THIS OUT, THAT WILL
ENABLE THEIR MILITARISTIC
BELLIGERENCE AGGRESSION UL
OVER THE WORLD TODAY U.S.
HOLDS ALL THE CARDS ALL
TRANSACTIONS CHINA ENGAGES
WITH ALL OVER THE WORLD ARE IN
U.S. DOLLARS.
AND WE CAN ACTUALLY SANCTION
THE BANKS, AND TURN OFF THEIR
ACCESS TO DOLLARS.
THEY ARES HE DESPERATELY
TRYING TO GET OUT FROM UNDER
OUR SANCTION REGIME SO THEY
CAN OPERATE IN WORLD WHERE
U.S. HAS LESS POWER I THINK
LESS ABOUT THE HEGEMONIC
POSITION OF THE DOLLAR I THINK
MORE ABOUT CHINA’S -- THE
DEPENDENCE ON ACCESS TO U.S.
FINANCIAL.
>> THIS IS REALLY IMPORTANT
THE POINTS YOU ARE MAKING
RIGHT NOW, IT IS VERY
CONCERNING TO ME, THAT WE AS A
COUNTRY TIPTOE AROUND THIS
REGIME THE CCP, AND YET, EVERY
WHICH WAY YOU TURN THEIR
TRYING TO ACQUIRE AMERICA HE
OVERTAKE AMERICA AS NUMBER ONE
SUPERPOWER AND REPLACE
AMERICA’S CURRENCY.
YET YOU DON’T HAVE JOE BIDEN
PROTECTING THE COUNTRY OR
BRINGING UP THE ORIGINS OF
COVID WITH XI JINPING NOTHING
JUST YOU ALLOWING CCP TO DO
WHATEVER THEY WANT LOOK CHINA
O DEPLOYED 18 FIGHTER JETS
FIVE BOMBERS WITH A REFUELING
AIRCRAFT WOULD HAVE PLANES IN
MIDAIR LONGER THIS WAS IN
TAIWAN, TAIWAN AIRSPACE KYLE.
AREN’T THEY TELLING THE WORLD
WHAT WE ARE GOING TO DO HERE
CENTER AREN’T THEY BEING
OBVIOUS IN TERMS OF WHAT THEIR
PLANS ARE FOR TAIWAN?
IS ANYBODY GOING TO STOP THEM?
>> MARIA -- THEY ARE NEVER
GOING TO TELL US WHAT THEY ARE
REALLY DOING THINK BACK TO
WHEN XI JINPING WAS IN THE
ROSE GARDEN AT THIS WHITE
HOUSE MEETING WITH PRESIDENT
OBAMA, HE SAID TO PRESIDENT
OBAMA’S FACE WE WILL NOT
MILITARIZE THE SOUTH CHINA SEA
WIRE JUST BILLION DOLLARS
ISLANDS 10,000 FEET RUNWAYS
FOR CIVILIAN USE NEXT THING
YOU SAW MILITARY BASES BUILT
BATTERIES MOVED THERE FIGHTERS
BOMBERS MOVED TO ALL ISLANDS,
YOU CAN’T LISTEN TO WHAT
CHINESE SAY THEY ARE GOING TO
DO OR SAY THEY ARE DOING, TO
HAVE YOU REALIZE WHAT THEY ARE
DOING YOUR POINT ON TAIWAN IS
PERFECT TRACKS BACK TO WHAT XI
JINPING LIES IN ROSE GARDEN
DIRECTLY TO UNITED STATES
PRESIDENT, AND HE KNEW HE WAS
LYING.
ANDED WE DON’T CALL HIM OUT
FOR IT.
AND NOW WE HAVE TAIWAN
HAPPENING, AND THEY ARE
TALKING ABOUT THE -- THE
PEACEFUL REUNIFICATION OF
TAIWAN INEVITABLE THAT WAS
BASICALLY SAYING TAIWAN BETTER
SURRENDER PEACEFULLY OR WE ARE
TAKE IT BY FORCE YOU AND I
BOTH KNOW THIS IS COMING.
MARIA: THAT IS EXACTLY RIGHT,
AND THE BREAKING NEWS OVER THE
WEEKEND WAS THAT THE CHINESE
OFFICIAL WAS ELECTED TO
INTERPOL EXECUTIVE COMMITTEE
ONE REACTION WAS A FOX IS IN
CHARGE OF WATCHING THE SHEEP.
AS GOING TO STREEF CHINA ABUSE
WE LEARNED OVER THE WEEKEND
THE CCP WILL ACQUIRE THE
LARGEST INTERNATIONAL AIRPORT
IN AFRICA.
.
>> WELL -- I DON’T KNOW IF
THAT WAS ACQUIRING.
YOU KNOW, WHAT HAPPENS WITH
BELT AND ROAD CHINA IS VERY
STRATEGIC ABOUT WHERE THEY ARE
LENDING MONEY WHO THEY ARE
LENDING MONEY TO, AND -- THEY
ALWAYS OVER LEND, AND SO THE
-- THE DEBTOR ENDS UP HAVING
TO HAVE ITS ASSETS FORECLOSED
WHETHER STRATEGIC PORT FOR
CHINESE MILITARY WHETHER AN AIRPORT, CHINESE MILITARY CAN
AIRPORT, CHINESE MILITARY CAN
LAND, THIS IS WHAT THEY DO.
UGANDAN SITUATION RELATED OVER
AND REEFER AGAIN WITH BELT AND
ROAD LOANS.
MARIA: THIS IS WHAT THEY DO
THEY LEND COUNTRIES MONEY KNOW
CANNOT PAY BACK SAY FORGET THE
LOAN PEOPLE ACQUIRE THE
COUNTRY ACQUIRE THE AIRPORT
ACQUIRE INFRASTRUCTURE THAT IS
EXACTLY WHAT THEY ARE DOING
WITH THIS AIRPORT.
IN -- IN UGANDA THE LARGEST
AIRPORT IN AFRICA KYLE, IS
ANYBODY GOING TO REACT TO THE
CCP ACQUIRING MORE LAND ACROSS
THE WORLD?
>> HAVE YEAH, I I MEAN, AS YOU
KNOW, YOU PROBABLY KNOW, IN
DJIBOUTI CHINA IS BUILDING A
MASSIVE MILITARY BASE.
MARIA: THAT IS RIGHT.
>> ENGAGED IN INFLUENCE
CAMPAIGNS ALL OVER AFRICA, BY
THE WAY, THEY CARE ABOUT
AFRICA FOR ONE REASON THEY
WANT NATURAL RESOURCES LITHIUM
BUILDING BLOCKS THINGS THEY
ARE SHORT THEMSELVES THEY DO
EVERYTHING THEY CAN DO TO KIND
OF TAKE OVER THE NATURAL
RESOURCE RICH AREAS, OF AFRICA
AND I THINK THIS KIND OF --
DEBT DIPLOMACY IS GOING TO
HAPPEN AGAIN FOR YEARS TO
COME.
MARIA: YEP WE’VE BEEN
REPORTING ON THAT DJIBOUTI
MILITARY PRESENCE FOR YEARS
DEVIN NUNES INVESTIGATING THAT
A LONG TIME NOW KYLE GREAT TO
CATCH UP ALWAYS A PLEASURE