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Kyle Bass tweet on China
DerekJohnson
Administrator, Swaye's Wigwam Posts: 66,269 
in Tug Tavern
Comments
Been calling for this since 2016 or further back.
Why it hasn't happened is because of how much Wall Street was in bed with that fraud.
This is real estate swaps times 100.
Chinese audits are bullshit.
Strip mall accounting firms licensing the name of KPMG or Deloitte.
SEC officials should be prosecuted for what they allowed those bookkeepers to sign off on with audit opinions.
Same with CPA firms that audited the federal government programs and gave clean opinions on internal controls. Took a week for DOGE to conduct an actual independent audit of USAID and discover no internal controls and no supervision of grant expenditures.
Yeah. That was some nonsense
Bass is probably right because other's are getting the memo too. Export subsidies, subsidized electricity, and cheap land are problems too. Why Europe trusts the CCP more than it should makes no sense.
https://www.nytimes.com/2025/04/07/business/china-manufacturing-exports-trump-tariffs.html