‘Cripple China’s Economy Overnight’ – Hedge Funder Kyle Bass Gives Roadmap To Protect Taiwan: ‘The USA Holds The Cards And We Had Better Start Acting Like It’

Influential investor Kyle Bass recently expressed his views on the potential of the U.S. to impact China’s economy amid rising tensions over Taiwan.

What Happened: On Friday, Kyle Bass, a prominent hedge fund manager, took to X to share his perspective on the ongoing geopolitical tensions between China and Taiwan.

Bass responded to a post on X by Elbridge Colby, who expressed skepticism about the ability of democratic countries to support Taiwan against China.

What’s being lost in @ElbridgeColby ‘s fatalist views of the certain demise of Taiwan 🇹🇼 is the fact that the United States controls China’s access and ability to use USD around the world. We broke Russia to bring the wall down…and we can break China in very short order. 🧵 https://t.co/2rWRhELJ78

— 🇺🇸 Kyle Bass 🇹🇼 (@Jkylebass) August 23, 2024

Bass argued that the U.S. has significant leverage over China due to its control over China’s access and ability to use USD globally.

He further stated, “We broke Russia to bring the wall down…and we can break China in very short order.”

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In a subsequent post on X, Bass highlighted that China’s economy is heavily reliant on imports, which are paid for in USD. He suggested that by sanctioning China’s State-Owned Enterprises (SOEs) and Joint Stock Banks, the U.S. could potentially cripple…