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Author Topic: "Why Goldman's $4 Trillion Projection Is Wrong"  (Read 988 times)
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WhiskeyGirl
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« on: August 30, 2009, 09:10:32 AM »

An interesting article.  Why would anyone listen to Goldman's voice with regard to the Federal Reserve?

Who owns the Federal Reserve?  Who profits from all this money?

Membership is not the same as ownership.

From Bloomberg:

Quote
Jan Hatzius, chief U.S. economist at Goldman Sachs Group Inc. (GS), said the Federal Reserve could double the size of the central bank’s balance sheet again if needed to support economic growth.

Quote
A rise in the balance sheet to $4 trillion is a “possibility,” Hatzius said in an interview on Bloomberg Radio in New York. “It is going to depend on not just what inflation does, but also on whether the economy does move back to a slower growth pace.”

This scenario is truly scary (and may also be great for Goldman because there would be that much more paper Goldman can sell to the Fed), but such a massive balance sheet buildup is increasingly unlikely.

read more here - http://seekingalpha.com/article/159032-why-goldman-s-4-trillion-projection-is-wrong

Who is going to feed people, keep them warm, and pay their bills when the dollar collapses?

Who is going to provide jobs as unemployment continues to rise?

Maybe more stimulus checks to foreign countries, workers, and businesses will help grow America?

More immigration?
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they'll end up in your family anyway...
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