Kyle Bass: Currency Crisis Coming in 3 to 5 Years

Kyle Bass 1 hour interview with AmeriCatalyst 2011 oin November 2011 on his view on the world today. That's very informative, even though it's rather depressing.

Interesting points including:

• Greece is bankrupt, a full mark down is required
• Western Economies will fail: Europe first, then Japan, then the USA.
• Japan has serious debt problems, most people will lose a third of their savings.
• Investors still don't want to accept reality
• PE are low, because E is too high and it will come down.
• We either take pain now, or we take apocalyptic pain later.
• Central banks will probably just print money and destroy the currencies.
• The US (government) has the same people who brought up in this mess, to fix the mess. It makes the US a laughing stock.

Click on the link to view. (no embed available)
http://www.youtube.com/watch?v=5V3kpKzd-Yw