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We Are Going To Kill The Dollar We Are Going To Kill The Dollar Rate Topic: -----

#1 User is offline   Asheron 

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Posted 02 January 2012 - 09:17 PM

Investor Kyle Bass discloses his discussion with a senior Obama admin about how this economic crisis is going to play out. The answer is to export our way out of this mess by making our exports cheaper by destroying the dollar in a global game of currency devaluation. This simply means that they are going to print more and more dollars until all of your purchasing power is destroyed and you will need more and more dollars to buy the same amount of goods. (ie. Massive Inflation.)


http://www.youtube.c...d&v=OeIFcuVTS3U

This post has been edited by Asheron: 02 January 2012 - 09:18 PM

Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#2 User is offline   JohnLennon 

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Posted 02 January 2012 - 09:51 PM

View PostAsheron, on 02 January 2012 - 09:17 PM, said:

Investor Kyle Bass discloses his discussion with a senior Obama admin about how this economic crisis is going to play out. The answer is to export our way out of this mess by making our exports cheaper by destroying the dollar in a global game of currency devaluation. This simply means that they are going to print more and more dollars until all of your purchasing power is destroyed and you will need more and more dollars to buy the same amount of goods. (ie. Massive Inflation.)


http://www.youtube.c...d&v=OeIFcuVTS3U


The guy does seem to have invested all in on some sort of global meltdown. It just makes it look a bit like reverse ramping though. I don't disagree with what he is saying but why would this 'senior Obama admin' tell Kyle Bass anything?

he reminds me of a UFO enthusiast who happens to bump into a lot of Aliens

#3 User is offline   koala_bear 

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Posted 02 January 2012 - 11:36 PM

View PostJohnLennon, on 02 January 2012 - 09:51 PM, said:

The guy does seem to have invested all in on some sort of global meltdown. It just makes it look a bit like reverse ramping though. I don't disagree with what he is saying but why would this 'senior Obama admin' tell Kyle Bass anything?

he reminds me of a UFO enthusiast who happens to bump into a lot of Aliens

He has indeed.
Kyle Bass has very very good form and has done the home work to know where the bodies are burried...
He was bond saleman at bear sterns till 2005 when he left to found his own hedge fund (Hayman capital - $10m his dosh $500m others money) and bet the lot on US sub prime going down and made a 100% profit. He would have made lots more if the banks hadn't been bailed out. When the governments started bailing the banks he started betting on the PIIGS to default along with bets on the US going down to a certain extent. He has bet big on France and Japan to have their credit ratings hammered too.

#4 User is offline   GeordieAndy 

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Posted 03 January 2012 - 08:04 AM

Kyle Bass is one of the people I respect the most in the alternative media - seem to remember him being on the BBC Hard Talk at some point in 2011 where he ripped through the 'expert' in the most polite way :D
"It should be clear that modern fractional reserve banking is a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by the receipts".

"Bank runs instruct the public in the essential fraudulence of fractional reserve banking, in its essence as a giant Ponzi scheme in which a few people can redeem their deposits only because most depositors do not follow suit."

"The Central Bank functions as a government cartelizing device to coordinate the banks so that they can evade the restrictions of
free markets and free banking and inflate uniformly together."
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Murray Rothbard's The Mystery of Banking

#5 User is offline   JohnLennon 

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Posted 03 January 2012 - 06:51 PM

What's he saying for gold and silver in $ terms by the end of 2012?

#6 User is offline   R K 

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Posted 03 January 2012 - 08:31 PM

If that were true there would be no need to carry on devaluing the currency once the trade deficit becomes a surplus.

In fact, as the deficit reduces the dollar would naturally strengthen anyway since the underlying problem is being resolved as China is no longer forced to buy US debt to maintain its trade surplus. i.e. the pressure on the US to keep creating govt. debt disappears.

Of course if everyone has the same strategy then it cannot work for anyone and thus would not be continued anyway. It is axiomatically impossible for surplus countries to continue generating surpluses to infinity. At some point they will either be defaulted upon, face trade sanctions preventing the surpluses increasing or face war.

Since the problem isn't really the value of the dollar, but the value of the RMB relative to the dollar, China is going to get turned over eventually, unless they decide it's in their interests to prevent that from happening by no longer seeking to accrue trade surpluses with the US.

In any event the imbalances must resolve and China loses. It's inevitable.

"The problem with capitalism is that eventually you end up with everyone else's money" - RK

"We have now entered The Great Rebalancing 2007-20xx" - RK

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