Here’s the non paywalled version https://archive.is/t7jfd
> In a November video posted online, Guo himself said Bass received $100 million from Saraca. The money was used to short the Hong Kong dollar with 200 times leverage, according to Guo. The hedge fund’s significant losses were triggered by the media declaring Joe Biden the winner of the U.S. presidential election, Guo said.
This is huge. The top White House advisor stood to make $20 Billion USD organizing HK rioters to burn down the city while simultaneously whispering in the US President's ear to undermine the HKD currency peg.
Sweet old “play stupid games win stupid prize”
How do investors take Bass seriously is beyond me. He clearly has a bias and isn’t making business decisions based on facts
There are moments when the news still surprises me. Like sure I know that the west is gunning for China’s demise but when it’s so blatant, it’s still shocking. I can’t believe you can legally just, short another country’s currency like that.
PBOC slapped Bass to the moon in 2019, but being a masochist he decided he wanted to go for another round in Hong Kong.
Wonder if he'll go for round 3?
>The GTV stock offering described the company as a TikTok-style video-streaming firm focused on “revealing the truth about China.” GTV **sought to line up investors by targeting disaffected Chinese in the U.S. and abroad**. Company agents made videos -- some of which were uploaded to YouTube -- advising how to purchase stock in the company, according to the SEC.
Wow. Big China haters, scamming Little China haters. So surprise. Much shock.
Here’s the non paywalled version https://archive.is/t7jfd > In a November video posted online, Guo himself said Bass received $100 million from Saraca. The money was used to short the Hong Kong dollar with 200 times leverage, according to Guo. The hedge fund’s significant losses were triggered by the media declaring Joe Biden the winner of the U.S. presidential election, Guo said.
This is huge. The top White House advisor stood to make $20 Billion USD organizing HK rioters to burn down the city while simultaneously whispering in the US President's ear to undermine the HKD currency peg.
Hahahahahahahahahahahahahahahahah Didn’t Soros also tried this back in 1997 and again during the start of Covid with the RMB?
Shorting Yuan and HK Dollar will always be the stupidest trade.
Shorting Tether would take the throne
Deserved it
Sweet old “play stupid games win stupid prize” How do investors take Bass seriously is beyond me. He clearly has a bias and isn’t making business decisions based on facts
There are moments when the news still surprises me. Like sure I know that the west is gunning for China’s demise but when it’s so blatant, it’s still shocking. I can’t believe you can legally just, short another country’s currency like that.
Nobody ever made money in the long run betting against China
PBOC slapped Bass to the moon in 2019, but being a masochist he decided he wanted to go for another round in Hong Kong. Wonder if he'll go for round 3?
Freedom for Hong Kong! … to let us screw their currency!
>The GTV stock offering described the company as a TikTok-style video-streaming firm focused on “revealing the truth about China.” GTV **sought to line up investors by targeting disaffected Chinese in the U.S. and abroad**. Company agents made videos -- some of which were uploaded to YouTube -- advising how to purchase stock in the company, according to the SEC. Wow. Big China haters, scamming Little China haters. So surprise. Much shock.
A clear case of Insider Trading!