Monday, May 16, 2011

Hugo Salinas Price - QE in US Will Lead to Utter Destruction
With the Mexican central bank purchasing 100 tons of gold, today King World News interviewed multi-billionaire Hugo Salinas Price to get his thoughts.  When asked about the purchase Mr. Price stated, “Well I think the central bank (of Mexico) is watching what the Federal Reserve has been doing with utter amazement because we have been down that path before and it led to our ruin.  So maybe they are saying, ‘We better have a little bit of gold because what is going on with quantitive easing is really hair-raising.’  I must imagine that is the motive because they don’t think that what is being done is going to lead anywhere but where it lead us in the past, and that was to utter destruction."

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