Jim's Quote of the Day:

Tuesday, Feb 12, 2013

"They’re not going to tell you [that a collapse is coming]. You’re going to have to see it for yourself. [During the Tequila crisis], the Mexican government affirmed they would not default, that they would not devalue, almost daily. The day after they said “we won't devalue,” they devalued by 60%. The government’s never going to tell you that it’s going to happen.

“Greece’s Yunker said recently, ‘When it becomes serious—you have to lie’. These guys are never going to tell you the truth, because they can’t tell you the truth. Their job is to promote confidence, not to tell you the truth." - Kyle Bass


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