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How do you solve a problemwhen you're running a 10% fiscaldeficit? You're not going to getgrowth in the absence of private

sector credit demand; so thegovernment's idea is that we'regoing to export our way out ofthis.

When a senior member of the

Obama administration wasasked, "How are we going togrow exports if we won't allownominal 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.11/2/2013 16

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YOU ARE HERE

MISSION ACCOMPLISHED.

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WEF Global Risks Landscape 2013

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During his speech at the Import-Export BankConference on April 5, 2013, Vice President Joe Biden

outlined the following economic agenda of the ObamaAdministration:

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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