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We’re going to kill the dollar. White House, DoJ & Treasury don't deny Obama staffer statement
marinkapeschmann.com ^

Posted on 08/19/2014 5:29:27 AM PDT by Opinionatedtoday

When a senior Obama member allegedly told Kyle Bass, the founder and principal of the $2 billion hedge fund, Hayman Capital Management, “We’re just going to kill the dollar,” during a discussion about fixing the trade deficit and economy, was that Obama official joking or serious?

I set out to find out and contacted the White House, Treasury Department and Department of Justice (DoJ).

Kill the dollar. Kill a nation. Live in denial and be blindsided if what the senior Obama member allegedly said to Bass was true. Ask the Russians what life was like in the former Soviet Union after the ruble collapsed to get an idea of how life as you know it can change instantaneously.

The death of the U.S. dollar would devastate hundreds of millions of Americans and hurt more abroad. There would be bloodshed and unfathomable mayhem. It would lead to tectonic shifts in global markets and alliances.

While the U.S. dollar has enjoyed the reserve currency status for decades, nothing is guaranteed forever. What would come next to fill the vacuum after the dollar collapses? Global financial governance? A BRICS (Brazil, Russia, India, China, South Africa) currency? Gold-backed currency? Digitized currency?

Bass gained notoriety after he correctly bet against the subprime mortgages before the 2008 economic crash. A senior Obama member telling him, “We’re just going to kill the dollar,” should not be shrugged off.

(Excerpt) Read more at marinkapeschmann.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: americaindecline; antiamericanism; collapse; criminalconspiracy; dollar; economy; obama; obamalegacy
Includes VIDEO
1 posted on 08/19/2014 5:29:27 AM PDT by Opinionatedtoday
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To: Opinionatedtoday

“Kill the dollar,” in this context, means debt repudiation through high and sustained inflation. That is a classic tactic of bankrupt governments. It usually ends badly.


2 posted on 08/19/2014 5:34:42 AM PDT by sphinx
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To: Opinionatedtoday

Maybe then we’ll put his marxist ass in prison?


3 posted on 08/19/2014 5:41:10 AM PDT by skeeter
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To: sphinx

Can you say ‘Weimar’?


4 posted on 08/19/2014 5:41:15 AM PDT by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
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To: Opinionatedtoday

Video right here, without the pimped blog -

https://www.youtube.com/watch?feature=player_embedded&v=9cjbbt__78U


5 posted on 08/19/2014 5:44:10 AM PDT by shibumi (Cover it with gas and set it on fire.)
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To: Opinionatedtoday

I see three potential endgame strategies for Obama:

1) defaut — kill the dollar
2) nuke a powerful enemy
3) federal invasion of a state (TX, AZ, etc)

His aim is destructuon. He doesn’t need a winning strategy — he just wants to sweep the pieces off the board.


6 posted on 08/19/2014 5:46:38 AM PDT by ClearCase_guy ("Harvey Dent, can we trust him?" http://www.youtube.com/watch?v=HBsdV--kLoQ)
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To: ClearCase_guy
His aim is destructuon. He doesn’t need a winning strategy — he just wants to sweep the pieces off the board.

The cool thing about the Cloward-Piven strategy is that the stupider and more incompetent you are, the better it works.

7 posted on 08/19/2014 5:49:27 AM PDT by E. Pluribus Unum ("The man who damns money obtained it dishonorably; the man who respects it earned it." --Ayn Rand)
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To: ClearCase_guy

bfl


8 posted on 08/19/2014 5:49:38 AM PDT by bert ((K.E.; N.P.; GOPc.;+12 ..... Obama is public enemy #1)
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To: sphinx

It usually ends badly.

I think it always ends badly.

This is nothing to take lightly. Just about everything we use is imported these days except food products. When the dollar collapses, food will be exported in great quantities also, strong currency always drives weak money from the market place, I think that is Gresham’s law. A good recent example is Britain. Recall when the pound sterling was a major currency of trade, probably up to Brentton Woods in 44. Britain ruled the world. Sterling is an echo of what it once was. Today England, who once had the best Navy, cannot even mount a compaign beyond its shores. Can I sell some Weimar notes to anyone at their original value??


9 posted on 08/19/2014 5:57:09 AM PDT by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: ClearCase_guy
His aim is destructuon. He doesn’t need a winning strategy — he just wants to sweep the pieces off the board

Exactly, which is why playing golf on the job is so easy with Obama. Destruction by willful neglect, outright breaking of laws, a foreign policy of surrender and cavitation of the economy requires little effort, especially when you have the senate in your hip pocket and a weak house leadership to block any political opposition.

10 posted on 08/19/2014 5:59:30 AM PDT by TADSLOS (The Event Horizon has come and gone. Buckle up and hang on.)
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To: Opinionatedtoday

Published 2008

Barack Obama is a deeply troubled personality, the megalomaniac front man for a postmodern coup by the intelligence agencies, using fake polls, mobs of swarming adolescents, super-rich contributors, and orchestrated media hysteria to short-circuit normal politics and seize power. Obama comes from the orbit of the Ford Foundation, and has never won public office in a contested election. His guru and controller is Zbigniew Brzezinski, the deranged revanchist and Russia-hater who dominated the catastrophic Carter presidency 30 years ago. All indications are that Brzezinski recruited Obama at Columbia University a quarter century ago. Trilateral Commission co-founder Brzezinski wants a global showdown with Russia and China far more dangerous for the United States than the Bush-Cheney Iraq adventure. Obama's economics are pure Skull & Bones/Chicago school austerity and sacrifice for American working families, all designed to bail out the bankrupt Wall Street elitist financiers who own Obama. Obama's lemming legions and Kool-Aid cult candidacy hearken back to Italy in 1919-1922, and raise the question of postmodern fascism in the United States today. Obama is a recipe for a world tragedy. No American voter can afford to ignore the lessons contained in this book.

11 posted on 08/19/2014 6:04:24 AM PDT by mgist (.)
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To: Opinionatedtoday

Kill the Dollar with inflation, pay off the debt with inflated worthless paper/electronic ‘dollars’ and you have the makings of a Weimar Republic...........................


12 posted on 08/19/2014 6:07:44 AM PDT by Red Badger (If you compromise with evil, you just get more evil..........................)
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To: Opinionatedtoday

A national crisis. Now who would that benefit? Jus askin...


13 posted on 08/19/2014 6:09:25 AM PDT by Starboard
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To: TADSLOS

Good post.

If its bad for America, Obama is for it.


14 posted on 08/19/2014 6:11:21 AM PDT by Starboard
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To: sphinx

It ALWAYS ends badly, not only for the nation doing it, but for every other nation as well. All the economies of the world are interlocked. If the largest one falls, they all fall. That is the classic communist strategy: Kill capitalism with unsustainable debt, followed by unrelenting inflation...........................


15 posted on 08/19/2014 6:11:28 AM PDT by Red Badger (If you compromise with evil, you just get more evil..........................)
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To: ClearCase_guy
"He doesn’t need a winning strategy — he just wants to sweep the pieces off the board."

That's the most consice expaination I've heard yet - (can I use it?)

16 posted on 08/19/2014 6:14:16 AM PDT by Psalm 73 ("Gentlemen, you can't fight in here - this is the War Room".)
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To: Opinionatedtoday

Well, Obama DID pledge to “Fundamentally transform the United States of America “ - - - - - .


17 posted on 08/19/2014 6:15:37 AM PDT by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: TADSLOS
“His aim is destructuon. He doesn’t need a winning strategy — he just wants to sweep the pieces off the board”

Personally, I think his motivation is his skewed concept of ‘fair’. He would like to erase class lines, leaving all the 'haves' and 'have nots' all in one big homogeneous heap - then start over. He seems to truly believe that the 'haves' in this country are primarily in that position because they ‘took’ from the 'have nots' - aided by racism and any other number of false narratives that he's bought into his whole life (and that Jarrett, Holder, and many others in his administration and in Congress also believe).

What better way of ‘leveling the playing field’ than by erasing the savings and wealth of all the ‘haves’ by destroying the monetary basis of what they've earned. What most of us have accumulated and saved represents years and years of hard work and sacrifice. But Obama truly believes “you didn't build that”. He said it. We should take him at his word. There are, IMHO, at least 20-25% of the population that would cheer for a China-style cultural revolution here in the US. Those are my conservative estimates. Their beliefs in this regard have been cultivated and nurtured for many years by those whose goal has been, and remains, the subversion of America.

18 posted on 08/19/2014 6:22:49 AM PDT by pieceofthepuzzle
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To: Opinionatedtoday

Kyle Bass said this in 2011. The dollar is actually rising today and is expected to continue to rise against the euro and yen. This is another one of those high pressure scare articles to either draw attention to the website or some other reason having nothing to do with the news.

True, the Obama Administration has done everything it can to kill the dollar — but against all odds it doesn’t seem to be working especially as the US ends its dangerous quantitative easing program and deficits have fallen dramatically. Now, if only the economy would grow, the dollar might have a real chance. But that won’t happen until Obama is gone.


19 posted on 08/19/2014 6:24:17 AM PDT by WashingtonSource
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To: Mouton

Gresham’s Law is - Bad money drives out good.


20 posted on 08/19/2014 6:25:19 AM PDT by ThanhPhero (Khach san La Vang hanh huong tham vieng Maria)
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To: WashingtonSource
The dollar is actually rising today and is expected to continue to rise against the euro and yen.

The reason is obvious. You wanna put your investments in a BRIC currency? Three of the most corrupt regimes in human history plus a South American Socialist country that can never seem to get its act together despite vast natural resources?


21 posted on 08/19/2014 6:28:43 AM PDT by Buckeye McFrog
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To: pieceofthepuzzle

Dreams from his father and indoctrination from his many lifelong handlers are becoming our nightmare reality.


22 posted on 08/19/2014 6:28:49 AM PDT by TADSLOS (The Event Horizon has come and gone. Buckle up and hang on.)
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To: pieceofthepuzzle

“He would like to erase class lines, leaving all the ‘haves’ and ‘have nots’ all in one big homogeneous heap - then start over.”

Standard Leftist. Fails to understand the core of conservatism: the recognition that society has learned many lessons at great cost (in money, lives, and time), lessons which remain true even if individuals do not understand them. The Conservative preserves these lessons; the Leftist “just wants to sweep the pieces off the board” and “erase class lines...start over”, only to learn the same lessons at the same tremendous cost.

Should Obama et al succeed, it may very well take this nation another 450 years to re-learn the lessons that put us where we are now.


23 posted on 08/19/2014 6:31:46 AM PDT by ctdonath2 ("If they bring a knife to the fight, we bring a gun" - Obama, setting RoE with his opposition)
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To: E. Pluribus Unum

The Cloward-Piven strategy is a follow-up to the Commie strategy. Once they’ve dumbed down/taken over our mind-numbed masses - without firing a single shot! - they collapse the system. The foolish masses won’t even know what hit them.


24 posted on 08/19/2014 6:33:08 AM PDT by Jane Long ("And when thou saidst, Seek ye my face; my heart said unto thee, Thy face, LORD, will I seek")
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To: ctdonath2
“Should Obama et al succeed, it may very well take this nation another 450 years to re-learn the lessons that put us where we are now.”

If they succeed, there may not be anything resembling this nation left to re-learn these lessons.

25 posted on 08/19/2014 6:39:35 AM PDT by pieceofthepuzzle
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To: Opinionatedtoday

Bankster / Democrat Party Strategy bump for later......


26 posted on 08/19/2014 7:08:36 AM PDT by indthkr
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To: sphinx

“That is a classic tactic of bankrupt governments. It usually ends badly.”

It also takes some time to accomplish. It may be the plan is to have the dollar and economic crash occur during the term of the next president (2017-2021). If crashes during a Republican administration, the GOP president will become the Herbert Hoover of the 21st Century and the Democrats will own the White House and Congress for at least 30 years. If Hillary is elected in 2016, and the crash occurs in the fall of 2017, she will be blamed and the power of the Clinton machine in the Democrat Party will be destroyed. Elizabeth Warren can then run in 2021 against Hillary and win.


27 posted on 08/19/2014 7:33:00 AM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: Mouton

“Today England, who once had the best Navy, cannot even mount a compaign beyond its shores.”

At one time, neither could we but the Federal Reserve took
care of that. Since then banks have been able to finance
both sides of wars and get away with it. The reason England
cant “mount a compaign beyond its shores” is because it has
no collateral, the banks own it all. They have virtually
sucked the wealth out of western Europe and destroyed it’s
ability and drive to create more. And look what they have
done to us. They have almost destroyed a lot of the
collective wealth of America through inflation and low
interest rates. The only thing left for them is to kill
the drive to create wealth and that is what redistribution
of wealth is all about. Why create wealth if the government
is just going to take it away and give it someone who really
hates you. This is Coup d’état, this is overthrow.


28 posted on 08/19/2014 7:40:04 AM PDT by Slambat
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To: sphinx

Yeh its called stealth default. you repay your debt in inflated dollars so basically you actually pay back way less than you borrowed. That is likely their plan.

I’ll be curious to see if it works as deflationary forces seem pretty strong. It may be just as likely we go into a deflationary depression.


29 posted on 08/19/2014 7:43:02 AM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: skeeter
Maybe then we’ll put his marxist ass in prison?

After that, he should be so lucky.

I watched the video of what the NTC did to Muammar Gaddafi's ass when they first captured him before they executed him.

Regardless of the rumors, I don't think he'd enjoy it any better than Gaddafi did.

30 posted on 08/19/2014 8:02:13 AM PDT by GBA (Here in the Matrix, life is but a dream.)
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To: sphinx

Inflation 101 has been taught for centuries in all royal schools where princes learn to be king

All the problems except the debt can be solved by other means.

Devaluing the currency is the only means of resolving the debt. The Democrats have raided the treasury for $$ and then used those $$ to buy hard assets. The loyal chosen few in the liberal state of grace have been saved

The Democrat party is a criminal enterprise


31 posted on 08/19/2014 8:18:58 AM PDT by bert ((K.E.; N.P.; GOPc.;+12 ..... Obama is public enemy #1)
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To: Opinionatedtoday

Guess we now know where Soros obtained his information from.


32 posted on 08/19/2014 8:46:56 AM PDT by Vaduz
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If you replace the dollar with the carbon credit, it is not money. Therefore most laws and much of the US Constitution can be well argued that it is moot and irrelevant.

There you have the end-game goal of this bunch. Why do you think the global push for CO2 based global warming was so militant? A carbon based monetary system to invalidate the constitutions and laws of all the countries in the world.


33 posted on 08/19/2014 8:55:50 AM PDT by USCG SimTech (Honored to serve since '71)
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To: WashingtonSource

There is a problem..... a fundamental problem.

That is unemployment. So long as there is large unemployment there can be no wage inflation to drive the general inflation. There are powerful efforts to increase the monimum wage and thus precipitate general wage inflation. The bluest of the blue states and cities have watched the federal effort fail and have done it on their own knowing that the failure will be bad for the local economies.

The rise in the minimum wage and resultant general wage pressure is also needed to mask the onerous increases in health insurance. The plan was certainly to induce wage rises and the pain of Obamacare would for a while be mitigated.

It really sucks to be Obama


34 posted on 08/19/2014 9:08:13 AM PDT by bert ((K.E.; N.P.; GOPc.;+12 ..... Obama is public enemy #1)
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To: Soul of the South

That would be retribution and vindictive payback to Bush for leaving a condition he as a moonbat could not possibly deal with.


35 posted on 08/19/2014 10:02:34 AM PDT by bert ((K.E.; N.P.; GOPc.;+12 ..... Obama is public enemy #1)
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To: WashingtonSource
The ending of Quantitative Easing will have the following effects:

http://theeconomiccollapseblog.com/archives/the-taper-is-on-8-ways-that-this-is-going-to-affect-you-and-your-family

36 posted on 08/19/2014 12:10:11 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: SVTCobra03

bookmark


37 posted on 08/19/2014 12:48:28 PM PDT by AllAmericanGirl44
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To: null and void

You forgot your wheelbarrow.


38 posted on 08/19/2014 4:21:42 PM PDT by mykroar (This is an insult to the nation's intelligence and these days, that isn't easy.)
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To: mykroar
This old thing?

I don't need a loaf of bread at the moment...

39 posted on 08/20/2014 6:03:15 AM PDT by null and void (If Bill Clinton was the first black president, why isn't Barack Obama the first woman president?)
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