by Chris Powell
GATA.org
Dear Friend of GATA and Gold:
Zero Hedge today excerpts an interview done by Grant Williams’ Real Vision with fund manager Kyle Bass, highlighting an observation Bass says he heard from a leading central banker a few years ago.
Bass quotes the central banker speaking about the central banking fraternity this way: “So we’re all trying through our treasury and our Fed to get the rest of the world to not devalue against us, while we quietly attempt to devalue ourselves against them, and it’s all this race to the bottom. It is the beggar-thy-neighbor policies that we all talk about. And I believe that there is no way out.”