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How do you solve a problem when you're running a 10% fiscal deficit? You're not going to get growth in the absence of private sector credit demand; so the government's idea is that we're going to export our way out of this.

When a senior member of the Obama administration was asked, "How are we going to grow exports if we won't allow nominal wage deflation?"

His response was "We are just going to kill the dollar.“

The above statements were made on Nov. 6, 2011 by Kyle Bass, Founder and Principal of Hayman Capital Management, L.P.

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YOU ARE HERE

MISSION ACCOMPLISHED.

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WEF Global Risks Landscape 2013

During his speech at the Import-Export Bank Conference on April 5, 2013, Vice President Joe Biden outlined the following economic agenda of the Obama Administration:

1. The creation of a “new world order”

2. The creation of new financial institutions

3. Update the global “rules of the road” to allow forsustainable economic growth

4. Level the playing field to allow for the export ofAmerican products

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