Senior Obama Admin Official: “We Are Going to Kill the Dollar”
The Intel Hub
January 2, 2012
According to investor Kyle Bass, a senior Obama administration official stated that their economic plan moving forward involves killing the dollar.
Speaking at AmeriCatalyst 2011, which took place in early November 2011, Kyle explained what the Obama administration official apparently told him.
“The governments idea right now is we are going to export our way out of this and when i asked a senior Obama administration official last week how are we going to grow exports if we wont all nominal wage deflation, he said we are just going to kill the dollar.”
Chris Duane, of Dont-tread-on.me, wrote that this simply means that they are going to print more and more dollars until all of our purchasing power is destroyed which will cause Americans to need more and more dollars to buy the same amount of goods.
The full length clip can be viewed here.
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HEY IS THAT CHEMTRIALS IN THE BACKGROUND OF THE VIDEO CLIP? LOL
The Bible speaks about destroying the dollar and it was written 2000 years ago. Dont take the mark of the beast, you wont be able to buy or sell without it. This has been deliberately engineered to collapse. If they want to save the economy, all they would have to do is forgive every citizen, not corporations, their debt. Problem solved.
Forgive you the debt that you knowingly incurred? LMAO!! Spoken like a true give me liberal
Burn money. It’s the only way any of us can fight back.
I’d be happy to see the Dollar and the Euro implode. Anything else is clinging on to old ways.
out of chaos they will build order.
More proof an idiot is born every minute.
Rev. 6:6
And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius (1 days wages), and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Can anyone see what’s coming?
what kind of ass holes does this obama have in his administration. these people are demented and crazy.
New World Order!, look it up!
This is straight out of the Cloward/Privan and Saul Alinsky agenda to destroy America. It’s working as planned with Obama & gang at the helm.
I say just do it already so that the games can begin.
The Dollar has been systematically devalued since 1913. (federal Reserve Act) If they kill the dollar it will devalue pensions, all investments, savings and everyone will be broke. A perfect end game! Everyone will be at the mercy of the new currency… whatever they create, from thin air backed by nothing!
When they succeed in killing the dollar history tells us that they will have to introduce a new currency backed by something in order to rebuild trust. In every case from Weimar Germany to Argentina confidence had to be restored in the system to get the people to participate. They will back it with something…my guess is it will be a basket of items gold, silver, platinum and other tangibles that will engender confidence. If you have no assets outside of the Dollar and or the banking system be it in land , precious metals or even select stocks then you will be “at the mercy of the new currency”
It will be backed by all the properties of all the religions of the world. That wealth will support the reissuance of new currency. BUT there will be no religions left to support the laws. The laws of tyranny will collapse as total anarchy ensue.
WAS this a warning of what will happen due to a poor financial planning or is it a THREAT made by the traitor Obama to do it on purpose? Obama is systematically deestroying America intentionally for “allah” and Islam to fill the void.
Bring back the GOLD STANDARD!!–Then the Dollar would have some value–it’s like monoply money now!
What gold?? there is no gold,Fort Knox is empty
I’m sure Administration Officials are falling all over themselves to give conspiracy theorists the inside bean on how Obama plans to destroy America.
You’d have to be extremely gullible to take these idiots seriously!
we should change over world wide to what i call energy units, which would be equal to 1 btu- everyone is paid in energy unit and buy in energy units after all energy is what every thing consist of. then everyone on the planet will be more equal and cherish their energy unit ….
Is this TRUE, I believe so Krugman has a few articles in the same vein Debt doesn’t matter. His argument Government borrowing is eventually inflated away, The WW2 debt was never paid back it just became insignificant as it was inflated away and more debt was borrowed. Of course he says it must be managed well. So presumably your government spending is subsidized by inflation. Sounds great doesn’t it. More services we don’t pay for. One thing he says also is that even with all Obama’s spending there’s no inflation to speak of. But how do you make debt insignificant without inflation he says isn’t occurring. It would seem the solution with inflation that’s not there would be to print dollars alongside.
The problem with all of this is of course its a hidden tax. Stealing from Peter to pay Paul. And even more insidious you get the impression the economy is growing as trade indexes seem to rise but in reality the growth in shares and investments is illusionary especially when you pay tax on that illusion.