patrick.net

QE3 is certain to happen as the publicly documented end goal of the IMF and World Bank is to replace the US dollar as the world's reserve currency.

Manufactured crisis after crisis will continue until the US dollar is dluted into oblivion. In the meantime, the TBTF banks are buying up infrastructure and commodities overseas with the bailouts they received.

When the US dollar is finally collapsed, the debts will be written off, much US wealth will have been transferred into the hands of financial institutions that used that wealth to make their stake in developing countries, and the fiat system will continue in the form of another currency -- though one very likely based on CO2/carbon credits, among other currencies.

Likely so...at least QE3.

See this post below:

http://patrick.net/?p=699257