Kyle Bass - Japan About to Implode under Debt
Bass has been publicly predicting the collapse of Japan for quite some time.
Today he was on CNBC discussing the huge stimulus package announced by Japan today.
According to Bass, Japan has debt that is 20 times its annual tax revenue which essentially means it is already insolvent. The latest move only makes that worse.
Bass thinks it is only a matter of time until Japan loses control of interest rates. Higher rates on Japan's debt load will be catastrophic.