Kyle Bass has revealed in an interview of a conversation with a senior member of the Obama administration of plans to “kill the dollar”.

Because of a 10% deficit and no growth (no private sector credit demand), the plan is to export the US out its problems by killing the dollar i.e. devaluation.

No smoking gun yet, but more substanial evidence of a dollar devaluation. See yesterdays post on Ben Bernake’s speech on how he would devalue the dollar if needs be.

 

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