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Kyle Bass | The Present Danger: America, China, and the Second Cold War

Hidden Forces

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The Chinese Central Bank and China's Capital Markets

China has been using us. Capital markets to fund its forain exchange reserves, its current account. You own a share in a variable interest entity in the camban islands that is a tracking entity for that in china. If things went poorly and you thought you owned a share of a company that some sort of value, you actually own nothing. How do regulations protect investors from this? So that's the best question you've asked all day. Because the importance of how china manipulates our markets.

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