We're Going To Kill The Dollar: Kyle Bass on his discussion w/ a senior Obama economic team member [View all]
This discussion thread was locked as off-topic by seabeyond (a host of the Video & Multimedia forum).
A clip from a much longer interview...
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.)