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

Hidden Forces

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Is Hong Kong a Precursor to a Bankruptcy?

Hong kong is china's golden goose. It's where they raise the majority of ther Dollars globally. But what's more important to the chinese right now is maintaining power. And so that's why we think that you're going to see a banking crisis. Like there is no saving hong kong's economy. Their banks are going to blow up. The question is, will that effect the currency? Will that affect the exchange rate between hongKong and the rest of the world? And that's an open question.

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