Sunday, October 16, 2011

Join The 0.01%


As near as I can tell, only about 25,000 people in the world have watched this on the combination of YouTube and Vimeo. If you take that as a percentage of the U.S. population, that means that less than 0.01% of us have watched it. And even lower if you consider these video sites as a worldwide resource.

You need to just drop everything and WTWT (click here to watch -- embedding has been disabled for this video). H/T ZeroHedge. By the end you'll realize that the fact that so few people know about this pretty much explains the general state of ignorance not to mention the OWC doofusses:

Kyle Bass @ AmeriCatalyst 2010 | 'Confessions of a Dangerous Mind' - YouTube: "As Founder and Managing Partner of Hayman Advisors, LP, J. Kyle Bass has proven himself to be one of the most well respected hedge fund managers and forecasters in the global investment community. Renowned for his conviction as well as his investment savvy, Bass hit the headlines with his prescient trades in shorting the subprime mortgage market in 2007. Behind the headlines was one of the most unique and rigorous investment methodologies ever used in mortgage-related investing. Since that time, Bass has been one of the most proactive investors in Washington and abroad, warning about unsustainable fiscal deficits poised to destabilize the global economy and markets with a magnitude similar to the 1930s.

Todd Groome and Toni Moss spoke with Kyle at AmeriCatalyst 2010 in Austin in September, asking him about his thoughts on prospects for housing market recovery, current policy issues and national debt implications, global debt imbalances and his perspectives on the influence of policy on the timing, sequence and magnitude of potential sovereign defaults and debt restructurings."