If you had any doubt that the dollar could lose any more value, this should put it to rest. According to a senior official at the White House, the plan is to intentionally weaken it... at our expense.
According to investor Kyle Bass, a senior Obama administration official stated that their economic plan moving forward involves killing the dollar.
Speaking at AmeriCatalyst 2011, which took place in early November 2011, Kyle explained what the Obama administration official apparently told him.
“The governments idea right now is we are going to export our way out of this and when i asked a senior Obama administration official last week how are we going to grow exports if we wont all nominal wage deflation, he said we are just going to kill the dollar.”
Chris Duane, of Dont-tread-on.me, wrote that this simply means that they are going to print more and more dollars until all of our purchasing power is destroyed which will cause Americans to need more and more dollars to buy the same amount of goods.