Kyle Bass is a billionaire. Is this a sole reason for inclusion in the New Establishment Summit? For those unaware, the New Establishment Summit is an annual event that brings together technology leaders, media personalities, and industry leaders in various fields. The idea is to get them working together on new projects that bring about new developments which ultimately benefit the entire world. The thing is, for that goal to happen, those invited should themselves bring something to the table; especially if they’re speaking at the event. According to Vanity Fair, this year’s New Establishment Summit will take place in San Francisco. The dates it will be held are October 19th and 20th, and it will feature the CEO of Amazon.com and the Vice President of Apple, as well as several other industry-leading professionals–and billionaire Kyle Bass.
Kyle Bass seems to be even more of a fish out of water in this scenario when one considers that his economic predicate has a strong socialist angle. Kyle Bass is originally from Argentina, though he runs his hedge fund Hayman Capital Management out of leftist Austin, Texas. Kyle Bass has close ties to Cristina Fernandez de Kirchner in his home country of Argentina, and didn’t criticize her once even though she managed a double economic default of the country in only thirteen years.
Bass additionally runs CAD, the Coalition for Affordable Drugs as UsefulStooges reports, which is a pseudo-humanitarian organization whose true purpose is acting as a front which hides the group’s raison d’etre: to legally manipulate the stock market. CAD gets sick people and their families to level lawsuits, petitions, and any means necessary against big-ticket pharmaceutical industries. The idea is to force a price drop. When successful, this price drop hits Wall Street and becomes a stock drop, which Bass can then short sell. He’s played this scam many times and made several small fortunes. The drug companies effected have to cut funding to new drugs because their profits are so diminished, so the sick don’t actually have any true advantage at the end; only stagnation. It’s definitely odd that he’d be asked to speak at the New Establishment Summit.