By: Steve Watson
Infowars.net
Thursday, Nov 4th, 2010
Source: http://infowars.net/articles/november2010/041110Goldman.htm
Endless printing of money out of thin air will continue into 2012
Goldman Sachs anticipates that the real cost of the second round of quantitative easing will be in excess of $2 trillion and will continue well into 2012, while other prominent economists have denounced the Fed’s actions.
The Fed announced yesterday that it would purchase $600 billion in Treasury securities in a statement that left open the possibility of the real cost rising much higher.
With the world on the verge of a currency war as the Federal Reserve follows through on its dollar-killing quantitative easing program, rumors are once again swirling of a “bank holiday,” during which US citizens will be prevented from withdrawing money or at least limited in the amount of the withdrawal they can make.
The National Inflation Association is warning of a food crisis in America as soon as next year and possible “societal collapse” as a result of the Federal Reserve’s new quantitative easing program that threatens to eviscerate the buying power of the greenback.