Hayman Capital's Kyle Bass discusses the world economy, gold, global credit growth, and debt problems in US, Japan, and Europe at the AmeriCatalyst 2011 conference.
Here's the, "Black Swan of Cairo" piece (Nassim Taleb and M. Blyth) cited by Bass.
Hat tip: Olivier at Tischendorf Letter for highlighting this clip and the article.
And if you missed it, here's Kyle's interview on BBC Hardtalk, skillfully dodging TV sensationalism and speculator-scapegoating attacks to address the euro crisis, the developed world's sovereign debt troubles, and how he is managing risk in his portfolio and hedging against problems in Japan.
Quoth Bass: "Capitalism without bankruptcy is like Christianity without hell".
In other words, the Western world must atone for its past financial profligacy. Check it out.