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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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MISSION ACCOMPLISHED.
YOU ARE HERE

WEF Global Risks Landscape 2013

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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 for

sustainable economic growth
4. Level the playing field to allow for the export of
American products
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