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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.)
Originally posted by skuly
Simple really devalue the dollar so the 16 trillion debit is inflated away and labour is
cheaper in the usa so jobs come back from the east.
So the goverment is saved and can spend and spend unlike the people who wont
be spending money on anything other than the cost of living.