"Imagine a currency that almost has a mind of its own... It knows your account data, knows your birthday, your social security number, where you live" and exactly what you like to buy. And all of this knowledge would be sitting in the hands of the Chinese Communist Party.
In this episode, Kyle Bass, founder of Hayman Capital Management, breaks down the threat of China's new digital currency and how the regime could force countries to use it.
"They're so good at exploiting every crack, every nook, every cranny...They take our openness, and they exploit it," Bass says.
Kyle Bass is an American hedge fund manager. He is the founder and principal of Hayman Capital Management, L.P., a Dallas-based hedge fund focused on global event-driven opportunities.