Kyle Bass and a Top Shelf HSBC Conspiracy Theory

HSBC shows up on our pages from time to time and usually not in a favorable light.
Go figure.
In 2014 it was:

HSBC imposes restrictions on large cash withdrawals
HSBC are scum. And not very well run either....

I must have been feeling charitable that day because the natural three-beat is "...and their mamas are dressing them funny"  Anywaaay...

On August 6 we had "Banking: HSBC's Exposure To Hong Kong Real Estate". The previous day the Bank's CEO, John Flint was sent packing.
Here's Mr. Bass. Keep in mind he is a notorious and vocal China bear.

This piece says the number is now $675 billion. To be clear, instead of selling the USD they have in “reserve”, they use forwards to hide the real dollars running...ALA South Korea in 97-98. https://t.co/v4kWgqGLsV

— Kyle Bass (@Jkylebass) August 7, 2019

The entire thread is interesting.
As the kids say: "Big, if true."