Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

More from Kyle Bass on Japan, EU

bit.ly/vufLOj

Around 6 minutes.

Highlights:

1) Japan's current account surplus has dwindled to 3% of GDP, but fiscal imbalance is 10% of GDP.  If yields on Japanese debt rise even slightly, you'll get a rapidly developoing debt crisis.

2) EU will break up.  Bass notes that Germany's debt is 81% of GDP, and far, far higher once its banks get recapitalized.