“We Are Going To Kill The Dollar”
By Silver Shield, on January 2nd, 2012
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. Read the Ultimate Silver Investor
Ben Bernanke: (Highlights are mine, as in Greg.. not Ben ;)
…the US government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many US dollars as it wishes at essentially no cost. By increasing the number of US dollars in circulation, or even by credibly threatening to do so, the "US government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services". We conclude that, under a paper-money system, "a determined government can always generate higher spending and hence positive inflation".