A clip from a much longer interview...
http://youtu.be/5V3kpKzd-Yw
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.)
The only way to protect yourself is to get out of ALL paper assets and into real tangible assets and nothing shines brighter than silver.
@richardatkin1 uh well cared of by who.... if the us dollar collapses not only will food prices go up everything will cost more.... who will protect cops from millions of angry americans... even soldiers... u guys don't remember what happened in russia...
WAKEUP2XXX 5 days ago
@vincentyeo88 Thks for the info...I will follow-up...But, don't tey know the dollar is worth nothing?
nclusiau 1 week ago
@nclusiau
yes, they do. rich people of those Third World countries in Southeast Asia come to my Prison Island to open bank accounts in USD and SGD.
the dictatorial government of my Prison Island is a big suck-up to USD, and it has one of the largest sovereign wealth funds in the world.
vincentyeo88 1 week ago
@vincentyeo88 Not anymore they don't...
nclusiau 1 week ago
Yes, the world is going to end. Go run to your little rabbit holes and don't bother the rest of society.
1tephania 1 month ago
STOP SWIRLING IN THE CHAIR GOOFBALL!
mkmason2002 1 month ago
oh, by the way, those people of the surrounding Third World countries here would rather keep your USD than to trust their corrupt governments and their worthless currencies.
vincentyeo88 2 months ago
those guys on the show are cool, and they ain't panicky 'coz i guess they're prepared for the USD collapse.
i am on sunny Prison Island surrounded by several Third World countries. i guess my chance of drowning when the sea and high tides overrun the island is much higher than my chance of seeing the USD collapse. the downtown tourist shopping area gets flooded whenever it rains heavily.
vincentyeo88 2 months ago
as EMANUEL VELIKOVSKY HAD STATED PEOPLE ARE in the constant state of AMNESIA
2013skywalker 2 months ago
TOTAL COLLAPSE AND THE POLICE STATE TO GO ALONG WITH THE ORDERVES
2013skywalker 2 months ago