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Obama Admin: "We Will Kill the Dollar"

GeoLaureate8
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1/28/2013 10:12:12 AM
Posted: 3 years ago
Senior Obama Official: "We Are Going To Kill The Dollar"

Kyle Bass, who knows a thing or two about economics and finance, recently spoke to a senior member of the Obama administration about their planned solutions for fixing the U.S. economy and trade deficit.:

"When I asked a senior member of the Obama administration last week, "How are we going to grow exports if we won"t allow nominal wage deflation?"

He says, "we"re just going to kill the dollar.'"

http://www.alt-market.com...
"We must raise the standard of the Old, free, decentralized, and strictly limited Republic."
-- Murray Rothbard

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended."
-- Frederic Bastiat
GeoLaureate8
Posts: 12,252
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1/28/2013 10:13:23 AM
Posted: 3 years ago
Kyle Bass is the founder and principal of Hayman Capital Management, L.P., a Dallas-based hedge fund. Bass became well-known after successfully predicting and benefitting from the subprime mortgage crisis by purchasing credit default swaps on subprime securities issued by various investment banks (similar to shorting the bonds).

http://en.wikipedia.org...
"We must raise the standard of the Old, free, decentralized, and strictly limited Republic."
-- Murray Rothbard

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended."
-- Frederic Bastiat
Wallstreetatheist
Posts: 7,132
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1/28/2013 10:14:31 AM
Posted: 3 years ago
That's how he got to be a senior administrator in the Obama campaign, by overtly sabotaging his reputation. Obama Admin: "We Will Kill Your Children." See? I can do it too. http://www.thegatewaypundit.com...
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GeoLaureate8
Posts: 12,252
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1/28/2013 10:23:11 AM
Posted: 3 years ago
"There is I believe a growing awareness of the dangerous position which confronts many countries, particularly those in the developed world. In spite of these concerns, we continue to take advantage of areas that we believe are attractive, but we will remain cautious in terms of the quantum of capital that we allocate".

-- Lord Jacob Rothschild
http://citywire.co.uk...
"We must raise the standard of the Old, free, decentralized, and strictly limited Republic."
-- Murray Rothbard

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended."
-- Frederic Bastiat
GeoLaureate8
Posts: 12,252
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1/28/2013 10:32:52 AM
Posted: 3 years ago
At 1/28/2013 10:14:31 AM, Wallstreetatheist wrote:
That's how he got to be a senior administrator in the Obama campaign, by overtly sabotaging his reputation.

No, they have to kill the dollar in their mind. It was the plan all along. You think QE3 was done without knowing the consequence?

GTFO.

Obama Admin: "We Will Kill Your Children." See? I can do it too. http://www.thegatewaypundit.com...

That's not a real quote based on a real thing. They are equating abortion to killing children. And no Obama admin said "we will do plenty of abortions." Actually wait, John Holdren did say that, but that's beside the point.

I'm citing an economics, finance insider who actually quoted an Obama official saying that.
"We must raise the standard of the Old, free, decentralized, and strictly limited Republic."
-- Murray Rothbard

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended."
-- Frederic Bastiat
Contra
Posts: 3,941
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1/28/2013 12:02:06 PM
Posted: 3 years ago
This is not a surprise, this has been their plan for years. The Fed has tripled the monetary base since 2008. I expect inflation in the future.
"The solution [for Republicans] is to admit that Bush was a bad president, stop this racist homophobic stuff, stop trying to give most of the tax cuts to the rich, propose a real alternative to Obamacare that actually works, and propose smart free market solutions to our economic problems." - Distraff

"Americans are better off in a dynamic, free-enterprise-based economy that fosters economic growth, opportunity and upward mobility." - Paul Ryan
Double_R
Posts: 4,886
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1/28/2013 9:05:15 PM
Posted: 3 years ago
At 1/28/2013 10:12:12 AM, GeoLaureate8 wrote:
Senior Obama Official: "We Are Going To Kill The Dollar"

Kyle Bass, who knows a thing or two about economics and finance, recently spoke to a senior member of the Obama administration about their planned solutions for fixing the U.S. economy and trade deficit.:

"When I asked a senior member of the Obama administration last week, "How are we going to grow exports if we won"t allow nominal wage deflation?"

He says, "we"re just going to kill the dollar.'"

http://www.alt-market.com...

Don't you think that before calling "RED ALERT", you might want to look into the quote which was made by perhaps... I don't know... finding out who actually said it and what they meant? No, of course not.
DanT
Posts: 5,693
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1/28/2013 10:05:59 PM
Posted: 3 years ago
At 1/28/2013 9:05:15 PM, Double_R wrote:
At 1/28/2013 10:12:12 AM, GeoLaureate8 wrote:
Senior Obama Official: "We Are Going To Kill The Dollar"

Kyle Bass, who knows a thing or two about economics and finance, recently spoke to a senior member of the Obama administration about their planned solutions for fixing the U.S. economy and trade deficit.:

"When I asked a senior member of the Obama administration last week, "How are we going to grow exports if we won"t allow nominal wage deflation?"

He says, "we"re just going to kill the dollar.'"

http://www.alt-market.com...

Don't you think that before calling "RED ALERT", you might want to look into the quote which was made by perhaps... I don't know... finding out who actually said it and what they meant? No, of course not.
It's a second hand quote, so we don't know who said what.
http://www.youtube.com...
"Chemical weapons are no different than any other types of weapons."~Lordknukle
DanT
Posts: 5,693
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1/28/2013 10:08:17 PM
Posted: 3 years ago
At 1/28/2013 10:05:59 PM, DanT wrote:
At 1/28/2013 9:05:15 PM, Double_R wrote:
At 1/28/2013 10:12:12 AM, GeoLaureate8 wrote:
Senior Obama Official: "We Are Going To Kill The Dollar"

Kyle Bass, who knows a thing or two about economics and finance, recently spoke to a senior member of the Obama administration about their planned solutions for fixing the U.S. economy and trade deficit.:

"When I asked a senior member of the Obama administration last week, "How are we going to grow exports if we won"t allow nominal wage deflation?"

He says, "we"re just going to kill the dollar.'"

http://www.alt-market.com...

Don't you think that before calling "RED ALERT", you might want to look into the quote which was made by perhaps... I don't know... finding out who actually said it and what they meant? No, of course not.
It's a second hand quote, so we don't know who said what.

stupid youtube. They need a uniform link.
"Chemical weapons are no different than any other types of weapons."~Lordknukle
Double_R
Posts: 4,886
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1/28/2013 11:06:08 PM
Posted: 3 years ago
At 1/28/2013 10:05:59 PM, DanT wrote:
At 1/28/2013 9:05:15 PM, Double_R wrote:
At 1/28/2013 10:12:12 AM, GeoLaureate8 wrote:
Senior Obama Official: "We Are Going To Kill The Dollar"

Kyle Bass, who knows a thing or two about economics and finance, recently spoke to a senior member of the Obama administration about their planned solutions for fixing the U.S. economy and trade deficit.:

"When I asked a senior member of the Obama administration last week, "How are we going to grow exports if we won"t allow nominal wage deflation?"

He says, "we"re just going to kill the dollar.'"

http://www.alt-market.com...

Don't you think that before calling "RED ALERT", you might want to look into the quote which was made by perhaps... I don't know... finding out who actually said it and what they meant? No, of course not.
It's a second hand quote, so we don't know who said what.
http://www.youtube.com...

That was pretty much my point.
GeoLaureate8
Posts: 12,252
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1/28/2013 11:20:39 PM
Posted: 3 years ago
It was quite clear that Kyle Bass was telling the truth. The tone, the context, and the body language made it pretty clear that he meant what he said. It's really not that farfetched to have someone from the Obama admin say something like that.

Obama's adviser Robert Gibbs was caught on camera saying that the killing of a 16 year old American with a drone was justified because he should have been born with a better dad. You can't make this stuff up.
"We must raise the standard of the Old, free, decentralized, and strictly limited Republic."
-- Murray Rothbard

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended."
-- Frederic Bastiat
Double_R
Posts: 4,886
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1/29/2013 12:14:05 AM
Posted: 3 years ago
At 1/28/2013 11:20:39 PM, GeoLaureate8 wrote:
It was quite clear that Kyle Bass was telling the truth. The tone, the context, and the body language made it pretty clear that he meant what he said.

Whether he was telling the truth has nothing to do with it. The context of the conversation is crucial to understanding whatever the official's point was, we don't have that. We don't even know who said it. But I wouldn't expect you to understand any of this, context is not something you seem to think matters.
wrichcirw
Posts: 11,196
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1/29/2013 6:03:06 PM
Posted: 3 years ago
At 1/29/2013 12:14:05 AM, Double_R wrote:
At 1/28/2013 11:20:39 PM, GeoLaureate8 wrote:
It was quite clear that Kyle Bass was telling the truth. The tone, the context, and the body language made it pretty clear that he meant what he said.

Whether he was telling the truth has nothing to do with it. The context of the conversation is crucial to understanding whatever the official's point was, we don't have that. We don't even know who said it. But I wouldn't expect you to understand any of this, context is not something you seem to think matters.

It's more than likely Bass is being honest, but not necessarily that he's telling the truth. To lie involves intent, it could just be that Bass is misinformed on this, because he may have been talking to someone who didn't matter. We simply don't know.

Regardless, I think he's right, inflation is the only plausible solution to this problem.
At 8/9/2013 9:41:24 AM, wrichcirw wrote:
If you are civil with me, I will be civil to you. If you decide to bring unreasonable animosity to bear in a reasonable discussion, then what would you expect other than to get flustered?