I began my mission helping investors steer clear of Wall Street because I learned firsthand how the game was played after having worked in the industry.
Thereafter, I learned how the media helps Wall Street after I was black balled by all media in 2006 and thereafter for trying to warn main street about what would become an unprecedented financial crisis in 2008.
My mission has been to help investors become more knowledgeable and successful by providing cutting-edge investment research as well as top-notch educational content.
I think I've done quite well in that regard.
As a part of this mission, I have also spent a great deal of time and effort exposing the criminal activities of the financial media, as it works with Wall Street to deceive and defraud main street.
Unfortunately, most people have forgotten how critical it is to know the credibility and reliability of the sources they choose to follow.
Instead of checking credentials and track records, they go by the number of likes, fake comments, fake reviews, and hearsay from people they have no idea about.
Those who are unfamiliar with me can find out more about my credentials, my background, as well as my investment research track record here, here, and here.
Examine Mike Stathis' unmatched track record of predicting the 2008 financial crisis, enabling investors to capture life-changing profits by checking here, here, here, here, here, here, here, here, here, here, and here.
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You might recall I previously discussed the Steve Bannon, Guo Wengui, and Kyle Bass circle.
Raoul Pal's Real Vision: a Fake News Scam Portal Similar to Brian Rose's London Real
In 2019, disinformation con artist, gold, and cryptocurrency pumper, Raoul Pal promoted Steve Bannon, Kyle Bass, and Guo Wengui in dozens of videos published on his scammy Real Vision website and equally scammy YouTube channel.
I consider the entire propaganda campaign published by Raoul Pal as a swindle, designed to provide potentially enormous benefits to each of the participants.
Raoul Pal Provided the Platform and Promotion
Raoul Pal organized this campaign in order to gain views and thus lure more suckers into buying his insanely priced gold and cryptocurrency trading trash for which he charges up to $25,000 annually.
I also believe Wengui paid Raoul Pal a large sum of money to promote this series of interviews.
I'm also confident Raoul Pal paid media organizations (or intermediaries) in exchange for promoting interviews which served to lure the sheep into his con games and disinfo.
I have previously discussed that Raoul Pal is a liar and scam artist.
Everyone affiliated with Raoul Pal and Real Vision should be assumed to be scam artists until proven otherwise.
Remember, you are judged by the company you keep.
Miles Kwok Was the Engine Behind the Swindle
Guo Wengui, who goes by the name "Miles Kwok" (as well as many other names) is a self-proclaimed billionaire exile from China who aligned himself with Steve Bannon a several years ago in order to get on good standing with President Trump.
Wengui wanted to be in Trump's good graces in order to avoid extradition to China, for which he is expected to stand trial for numerous crimes. It was reported that Trump's advisers told him to not honor the Chinese government's extradition requests for Wengui because he could be used as political leverage against the Chinese government.
Wengui had been trying to gain political asylum in the U.S. since 2017 to avoid facing numerous criminal charges in China.
Interestingly, as part of his political asylum application process, Wengui submitted a recommendation from former British prime minister, Tony Blair who calls Wengui his friend.
Blair's association with Jeffrey Epstein should have already told you what kind of person he is. His affiliation with Wengui doesn't help his case.
In response to criticism that Wengui was running from Chinese authorities and was wanted by Interpol, Wengui claimed Chinese officials framed him for exposing their "dark and dirty secrets."
After learning of the fate of this Wengui, I couldn't stop laughing because the first time I saw him in one the interviews published by Raoul Pal, I knew he was either not a billionaire, or else he stole the money.
I could also tell he was a pathological liar and probably a criminal who fled China to escape prison.
But of course I could not prove any of these suspicions, so I didn't make a case out of it.
Apparently, at least part of this "leverage" materialized in a series of interviews with Kyle Bass and Steve Bannon on Raoul Pal's Real Vision.
In the Real Vision interviews, although Kyle Bass and Steve Bannon chimed in with their own rhetoric, it's clear Wengui served as the main engine of the anti-Chinese propaganda campaign.
By the time these interviews circulated, Wengui's expertise as a professional con man and liar would land him more than $1 billion in fraudulent proceeds related to this propaganda campaign.
During the interviews, Wengui made all kinds of wild statements and ridiculous claims without showing any evidence. Raoul Pal, Bannon, and Bass all played along because they stood to potentially gain from these lies.
Bannon Was the Point Man
The timing of Wengui's entry into the social media spotlight was perfect for Bannon, as he remained a loyal supporter of Trump working from the sidelines. So having an "insider" from China "expose" the Chinese government offered to boost public support for Trump's stance on China.
Bannon served as the point man of the swindle by laying the foundation for Wengui's lies and hyperbole.
I have to imagine that Wengui came to realize the importance of Bannon's role, and most likely paid him a large sum of money for his help in fooling Trump supporters with ridiculous COVID disinformation and anti-Chinese rhetoric.
Bass Was the Parasite
Kyle Bass hosted most of the interviews given by Wengui.
Meanwhile, Bass stood to (possibly) gain new investors for his short China fund strategy.
As well, his investments might have benefited if the anti-China rhetoric caught on sufficiently.
Unfortunately for Bass, neither of these potential benefits materialized.
"Miles Kwok" Arrived Just in Time for Bass
Wengui's (Miles Kwok) claims were especially favorable for Kyle Bass' latest schtick, which centered around an anti-China stance.
You see, Bass' hedge fund performance had been struggling due to several years of bad bets and missed opportunities, so he needed a new gimmick.
Bass had already made quite a few bets against China and the Hong Kong dollar in recent years. But none of these bets ever amounted to anything other than losses.
Thus, I believe Bass aligned himself with Wengui and Bannon hoping to receive investment capital from Trump's supporters, as well as to help his bet against the Hong Kong dollar.
What's funny is that prior to 2015 (when Trump was campaigning) Bass was not talking about "big, bad, China." He only began towing the anti-China line after Trump announced his stance on China in 2015.
As you may recall, I detailed the problems faced by China-U.S. trade in my 2006 book America's Financial Apocalypse, including theft of U.S. intellectual property and devaluation of the yuan.
It's also interesting to note that Bass received a copy of my book. I know this for a fact because I delivered it to him in his office, which at the time was located on a high floor (maybe 17?) in Rosewood Court. Rosewood was a newer high rise building located directly across the street from the Crescent Court, where both of us had worked years ago for Bear Stearns.
Miles Kwok's Suspicious Companies Were Chaired by Bass and Bannon
On November 20, 2018, Wengui formed the Rule of Law Foundation and the Rule of Law Society as nonprofit companies.
Kyle Bass was named chairman of the former, while Steve Bannon was chairman of the latter.
If you check the Rule of Law Foundation website today, you won't find any trace of Bass.
As late as April 2020, Bass proudly posted his bio as chairman of the organization, taking the opportunity to market himself with the hopes of receiving cash infusions for his floundering hedge fund.
So the question is, what happened to Bass?
Why is he no longer the chairman of the Rule of Law Foundation?
Apparently, the two companies started by Chinese fraudster Guo Wengui failed to release proper financial statements required to maintain their non-profit status.
Perhaps at this stage, Bass became concerned that something very wrong was about to happen so he resigned as chair by June 2020.
A little over a year later, in August 2021 Bannon resigned as chair of the Rule of Law Society. This was right around the time he was arrested for alleged fraud associated with his role in the "We Build the Wall" campaign.
At the time, neither of the two companies had released all financial documents required by the IRS.
See Mystery shrouds nonprofit linked to Chinese exile: Bannon leaves, records kept secret
By at least early 2019, prior to the media campaign organized for the three by Raoul Pal's Real Vision, Bass launched a fund focused on betting against the Hong Kong dollar.
Thus, the videos produced by Real Vision with Bannon, himself, and Wengui appear to have been made in attempt to weaken the Hong Kong dollar in favor of Bass and his fund.
But things didn't work out so well for Bass, as the fund would go on to lose a mind-boggling 95%.
Even worse, the SEC claims the investment capital in Bass' Hong Kong dollar short fund came from an illicit stock offering issued by Wengui.
This would be Bass' final rodeo as a hedge fund manager.
Several years of poor returns while mired in endless controversies apparently caused Bass to take some desperate measures in attempt to restore investor confidence, as redemptions from Bass' Hayman Capital continued to grow.
Resorting to desperate measures, Bass aligned himself for several years with what I would consider very shady individuals and disreputable platforms such as the fear-mongering quack site, Financial Sense.
Bass' association with this boiler room would forge his fate for years to come.
Meanwhile, Bass' controversial actions and statements accumulated over time.
These are the kinds of things that stick out to investors when you're not performing well.
Combined with what had become a long-standing track record of poor performance and controversial tactics, Bass' association with shady characters and scam artists eventually caught up to him.
Critics were chuckling all while investors were pulling out of his fund.
Finally, Kyle Bass realized the jig was up.
Bass' fatal move was his association with Bannon, Wengui, Raoul Pal, and Real Vision.
Once Bannon was indicted for fraud, it was all but over for Bass.
As far as I can determine, as of 2021 Kyle Bass had returned the money to investors in his hedge fund.
Not long after he returned funds to investors in his hedge fund, Bass launched a private equity fund that acquires land, grows trees, and other activities required for the production of so-called carbon credits.
Incidentally, I deem the idea of carbon credits as a complete scam, but it's legal and accepted as valid by world governments. But then again, world governments also claim central banks are legit.
Take a look at the link below.
Does this look like the kind of statement you'd expect to come from someone who's involved in "green" investing?
I really don't think Bass buys into the climate change narrative.
But you know these types of guys. If there's a buck to be made, they're ready to shill for anything.
At this stage, Bass should consider himself fortunate to have been able to raise capital for even this type of low-level, trendy venture.
I guess the media connections brought by his second wife have come in handy.
Take a look at the website of the company Bass is investing in here.
The staff look like the same kinds of people you'd expect to see at one of Chris Martenson's "environmental sustainability" gatherings.
The question is, when will Kyle Bass and Chris Martenson team up for an interview?
It seems inevitable at this point.
Here's Bass' website for the private equity fund that's investing in land used to generate carbon credits.
Notice the absence of any mention of the website from above that bears a similar name.
Is Bass embarrassed that his hedge fund collapsed and he's now investing in land with a staff of farmers?
If not, he should be!
Finally, I underestimated Guo Wengui.
It appears that Wengui is an even bigger fraudster than I initially thought.
In March of this year, Wengui was arrested for a bucket list of fraudulent activities.
How many people who watched videos on Real Vision featuring Guo Wengui a.k.a. "Miles Kwok" do you think invested in his unregistered securities media offering?
Keep in mind that Real Vision helped Wengui scam people because it served as a primary platform for Wengui to reach potential investors.
Just about all of the players in the "Miles Kwok" anti-China propaganda campaign suffered consequences of their actions and poor judgment, except Real Vision and Raoul Pal.
Real Vision and Raoul Pal must be held accountable for their actions.
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