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“We’re just going to kill the dollar.” White House, Justice Dept & Treasury do not deny alleged Senior Obama Member statement

19 August 2014 3 Comments

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We're just going to kill the dollar

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.

Watch: Kyle Bass at the AmeriCatalyst 2011, in Austin, Texas [1]

One would like to dismiss what Bass said as an off-handed joke, or crazy-conspiracy talk, but the dollar is declining. America’s economy is not getting better. It is getting worse.

Trillion dollar debts continue to swell beyond sustainable levels. The Federal Reserve’s quantitative easing policy—printing money out of thin air persists inventing the illusion that America is rich when it is bankrupt.

As America’s debts mount, “quadrillion” will replace “trillion” and become the new “normal.”

What the Federal Reserve is doing is monetizing America’s debt, inflating a massive money bubble, buying some time and guaranteeing further devaluation of the U.S. dollar, while stimulating inflation and food costs. Despite years of happy talk from mainstream experts, even they must concede the economy is shrinking and the recovery is phony.

Awake from your slumber. 1 in 4 Americans receives government food assistance. More Americans are on food stamps than the population of Canada. The number of millennials living with their parents has jumped. 1 in 5 children in the U.S. lives in poverty. Half of Americans cannot afford their homes. The southern border is being swapped by countless illegal aliens. The American dream is barely breathing and with that comes America’s vilification and isolation.

[Note: As documented in my book, Crime & Incompetence: Guide to America’s Immigration Crisis, LEGAL immigrants are given “alien” numbers, so spare me any “illegal alien” feigned political correctness BS. Thanks.]

We’re just going to kill the dollar.

Slowly but steadily America’s hegemony is fading. As the world’s loss of confidence, trust and uncertainty in America’s fiscal and foreign policies grow, countries around the globe have been shifting away from the once mighty greenback.

Fed up with the U.S. dominance over the global financial system, as Tyler Durden at ZeroHedge reported, BRICS announced a $100 billion reserve to bypass the Fed and their no there, there U.S. dollar. There are rumblings that Germany is considering joining BRICS.

Earlier this month, Russia delivered a blow to the petrodollar in a historic $20 billion Iran oil deal. As ETF Daily News reported, to “bypass both western sanctions and the dollar based western money system.”

Since the global financial crisis in late 2008, according to the People’s Daily, China has signed over 1.3-trillion-yuan currency swap agreements with 15 countries and regions including South Korea, Malaysia, Hong Kong, Belarus and Argentina. In 2012, China signed a 35-billion-yuan currency swap with the United Arab Emirates.

Already the dollar is slowly dying to irrelevancy by 10,000 cuts. The International Business Times Shaknkar Besta reported that China and Russia are planning to dump the U.S. dollar for bilateral trade. South Korea and China reportedly have agreed to trade in national currencies. As Neil MacLucas and Richard Silk reported at Dow Jones Business News, the Swiss, Chinese Central Banks entered into a currency swap agreement. Indonesia may dump the U.S. dollar too. Bloomberg’s William Pesek, Jr. asked if the rest of Asia will follow and the list goes on and on.

If the U.S. dollar was solid, do you think these countries would be bypassing or dumping it?

We’re just going to kill the dollar.

Even billionaire Donald Trump recently sounded the alarm on Fox News’ On the Record with Greta Van Susteren. “The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin,” he said.

Still think it was stupid or some crazy conspiracy talk to try to find out if what Bass said was true? It would be irresponsible journalism not to ask. Countless lives and the world as we know it is at stake.

This is why over a year ago and since then as recently as a month ago, I posed these questions and others at different times to the White House, DoJ and Treasury Department to confirm or dispel what Bass claimed a senior Obama member told him:

1. Who was the senior Obama official who told Kyle Bass the Obama administration would kill the dollar?
2. If that person was kidding, shouldn’t he/she come forward and explain why he/she said that? I can assure you that many Americans have seen this interview and are concerned. (It’s been scrubbed off some YouTube channels too!)
3. If he/she is telling the truth that the administration will kill the dollar, will they come forward and warn the American people to prepare now?

Among the civil servants I contacted at the White House were former White House Press Secretary Jay Carney, the new Press Secretary Josh Earnest, and Tommy Vietor, the spokesman for the National Security Council, before he left the White House, because the death of the U.S. dollar concerns national security—America’s survival and sovereignty.

I have contacted Attorney General Eric Holder at the DoJ because if there is a plan to “kill the dollar” that would be a premeditated, actionable crime against America—an act of treason.

Over at Treasury, Stephanie Ma seemed shocked, and a little rattled when I spoke to her about this. She was not aware of Bass’ allegation. So like everyone I have contacted, I emailed questions with a link to Bass’ public statements so they could hear the “We’re just going to kill the dollar” statement for themselves.

Ma assured me she would forward my inquiry to someone at Treasury who could answer my questions since she could not.

What could have and should have been an easy, swift denial if it were not true was instead met with silence. The White House, DoJ and Treasury all chose to ignore my repeated queries.

The deafening silence speaks volumes and is especially disturbing considering how I usually receive responses to media queries. Years of journalism have shown me that people with something to hide; liars, hypocrites, cowards or scumbags ignore press queries.

[Note: I’ve recently contacted Kyle Bass for a comment on this article and also asked him to provide the name of the Obama official. It’s long overdue. When/if he responds I will update this story.]

Gathering Economic Storm Clouds

Remember when Paul Kanjorski, the former Pennsylvania U.S. Representative, appeared on CSPAN, after the 2008 economic meltdown during the presidential campaign and disclosed information about America’s economic vulnerabilities?

Kanjorski revealed “$550 billion was being drawn out [of U.S. money markets] in a matter of an hour or two.” The U.S. was experiencing an “electronic run on the banks” that could “have collapsed the entire economy of the United States and within twenty-four hours, the world economy.”

He said, “It would have been the end of our economic system and political system as we know it.”

Watch Kanjorski on CSPAN

Considering there are not many people in the financial position to be able to nearly crash the U.S. economy, one would have thought indictments would have slammed down by now; instead no arrests have been made and the unaccounted for lawlessness that caused the 2008 economic crash remains intact and protected.

To stay out of jail, according to the Wall Street Journal, six big banks, Bank of America, JPMorgan Chase & Co., Citibank, Well Fargo, Morgan Stanley and Goldman Sachs, have paid over $110 billion (and still rising) “to settle cases related to the 2008 credit crisis, including lawsuits over mortgages, foreclosures and some of the fire-sale deals made at the height of the financial meltdown.” And that’s a conservative number.

In addition to these settlements, since the crash, the money changers — the bailed-out bankers have been diligently creating more bubbles to pump up America’s phony recovery and wildly cash in at the expense of individual Americans.

America’s Bouncing Bubbles Economy

America’s propped-up, smoke and mirrors economy is skidding on fragile, bouncy bubbles, effervescently lathered up that look pretty, but these bubbles are on the verge of bursting into a puddle.

Look around. The banking and financial industry have gone rogue. It is not just the U.S. dollar that’s on the brink; you cannot trust or put your faith in U.S. paper instruments anymore either. As previously reported, America’s once revered and coveted paper instruments like residential mortgage-backed securities that created the housing bubble are damaged and/or riddled with fraud. When things don’t add up they eventually fall apart.

This explains why the bankers have been shifting the financial system from paper to digitized, electronic versions. As exclusively reported the New York Federal Reserve Bank General Counsel and Executive Vice President, Thomas C. Baxter Jr., is encouraging Federal legislation that supports “a national electronic mortgage and mortgage note transfer system.”

This despite the fact that the existing national electronic registry the big banks already created and own, Mortgage Electronic Registry Systems, Inc. (MERS), not only contributed to the 2008 economic crash, MERS continues to play a role in illegal home foreclosures across the country— and with that comes the destruction of private property ownership.

As Professor L. Randal Wray wrote: “It is not an overstatement to say that the Global Financial Crisis would not have happened without MERS. MERS was absolutely essential to the “efficient” securitization model that led up to the crisis. It is all illegal. There was never any law that permitted the industry to create MERS to evade U.S. property law (and to avoid paying recording fees in local jurisdictions).”

We’re just going to kill the dollar.

By going electronic, with a click of a mouse, fraud clearly seen on paper can be manipulated and wiped out while inflating giant bubbles like the banksters’ phony “secondary market” securitization bubble.

The banksters securitization bubble puffed up the pension bubble which for 44 million Americans needs a bail-out or their pension benefits will go poof.

Last but not least, the stock market bubble. Even the Bank of International Settlement I cautioned you about are warning that the capital markets are disconnected with reality. Billionaire investor and currency manipulator George Soros agrees. He is betting $2 Billion on a stock market bubble collapse.

What Americans once took for granted can no longer be taken for granted. Try and catch a puddle after a bubble bursts. You cannot. Try and catch multiple bubbles and see what happens. One ray of sunshine and the bubbles will pop, evaporate into thin air, and take with them the charade of America’s wealth.

Still think it was nuts to contact the White House, DoJ and Treasury to find out who allegedly told Kyle Bass, “We’re just going to kill the dollar” and confirm if it is true or false?

Join me in demanding answers from the White House, DoJ and Treasury.

What’s next?

We are in a race now to get a handle on what is going on in Washington and the big banks to show the world who is responsible for this incoming economic catastrophe that will have global ramifications. Do not let the entire country take the blame for the sins of others. Start naming, names now.

Don’t panic. The next economic collapse is not going to happen tomorrow. When it occurs is anyone’s guess but it is not a question of if it is a question of when.

Right now you have two choices. Do nothing, complain, be blindsided when the next crash happens and engage in violent and bloody revolution which will only hurt you in the end. Burning down and looting your neighborhoods and turning them into a war zone is stupid, dangerous and counterproductive. Don’t do it. Ask any of us who were caught in the 1992 Los Angeles or the current Ferguson, Missouri riots how much fun that was.

Alternatively you can start preparing now to get out of the way, ride out the next economic crash and be in a position to pick up the pieces in the aftermath. Until then, you can peacefully and lawfully hold the corruption accountable and name names. Countless Americans are already doing it. Join them.

And now for some good news… In true David and Goliath fashion; it is everyday Americans making a difference and taking the masks off the bankers and their cohorts by exposing the crime and fraud behind their money making Ponzi schemes in courts across the country. The bankers prefer to operate in the dark. Join them in shining a bright light on the culprits who created this fake, fraudulent monetary system so they are not in a position to “fix” the problem they created after the next collapse.

Click here and scroll down to the Updates and Resources section.

Not to speak is to speak. Not to act is to act. So, what are you going to do?

No servant can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.” – Luke 16:13

[1] Kyle Bass Transcript: “How do you solve a problem when you are running a 10% fiscal deficit? You are not going to get growth in the absence of private sector credit demand. So the government’s idea now is we are going to export our way out of this. When I asked a senior member of the Obama administration last week, ‘How are we going to grow exports if we do not allow nominal wage deflation?’, and he just said we’re just going to kill the dollar. and I said, ‘Oh, okay…’ It’s a dead answer but that’s where we’re headed.”

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Some of my media queries to the White House over the last year below.

White House Queries: We're just going to kill the dollar

  • Rostislav

    Thanks for the clear analysis of the rapidly worsening situation! For me the weirdest part of the described events is the silent support of them by all the major US companies and banks in the way of supplying the destructive Leftist media by their massive expensive ads. Even more: they do supply with huge money the extremely intensive anti-American TV-propaganda here in Russia: the Niagara of “bring the Yankee imperialism to knees” is interrupted only to advertize the Western Big Auto, Big Pharma and Big Show Business (sometimes with addition of our own oil/gas magnates’ subsidiaries). Why all of them follow so stubbornly the suicidal road of the Russian industrialists, who were so generously giving their money to the Bolsheviks’ “fight for the bright future” – just to perish after 1917 in labor camps, prisons and all kinds of killing fields? I understand that to address this question to General Motors or, say, Proctor and Gamble is no more hopeful than to wait Holder’s answer about plans to kill dollar, but it doesn’t make questions themselves any less actual and alarming! Rostislav, Saint-Petersburg, Russia

  • chasedLA

    Very good information although hopefully we can agree to disaggree on “illegal immigration” usage as language does matter. We can’t be partisan on this. Just as the focus on “subprime mortages” instead of “predatory lending” and “liar loans” were used to make us all “deadbeats” and prejudged while Wall St ROBBED homeowners and our country.
    Matthwe 25:36 “For I was an hungred, and ye gave me meat: I was thirsty, and ye gave me drink: I was a stranger, and ye took me in:…”

  • http://www.marinkapeschmann.com Marinka

    Thanks for taking the time to comment. Legal immigrants stuck in the broken immigration system are given “alien” numbers. So I don’t know why it is not okay to call illegal aliens, aliens. Is that what you are referring too?