Published On: Mon, Jul 12th, 2021

US Should Ban China’s Digital Yuan: Investment Manager Kyle Bass

Cirtrus.com: Save 10% on Citrus trees with code CITRUS
Share This
Tags

The communist regime in China is going to use its new state-controlled digital currency as a Trojan horse to project its authoritarianism all over the world, warned hedge fund manager Kyle Bass, and it could become a “cancer” plaguing the United States if it is not banned, he said. “Imagine a currency that almost has a mind of its own,” said Bass in a recent interview for EpochTV’s “American Thought Leaders.” “It knows your account data, it knows your birthday, your social security number, where you live. It actually knows your spending proclivities and how you spend it.” He added, “[Beijing’s] hope is to have a massive influence around the world to really leapfrog where they are today into a much stronger position economically and also giving them more control.” Bass, founder and chief investment officer of Dallas-based Hayman Capital Management, was referring to the digital yuan, a central bank …

About the Author

-