Decrator: I found this from a post that has a completely different agenda, very interesting as we are paying attention!
I have never posted here so dont shoot the messenger, but seeing as how we are so informed, I thought this was a great read from a 3rd party, not dinarian involved but seeing the same things as we are!
The Secret Global Reset Agreement from Veterans Today
OKRocks: End of the monetary illusion magnifies shocks for markets
2pm ET Jan 8, 2016
Central bankers are no longer the circuit breakers for financial markets.
Monetary policy makers, market saviors over the past decade through the promise of interest rate reductions or asset purchases, now lack the space to cut further or buy more. Even those willing to intensify their efforts increasingly doubt the potency of such policies.
“The monetary illusion is drawing to a close,” said Didier Saint Georges, a member of the investment committee at Carmignac Gestion SA, an asset-management company. “With central banks becoming increasingly restricted in their stimulus policies, 2016 is likely to be the year when the markets awaken to economic reality.”
Even against the backdrop of this week’s market losses, Federal Reserve officials signaled their intention to keep raising interest rates this year. Those at the European Central Bank and Bank of Japan ended last year playing down suggestions they will ultimately need to intensify economic-aid programs.
They have only themselves to blame for becoming agents of volatility, according to Christopher Walen, senior managing director at Kroll Bond Rating Agency Inc.
He told Bloomberg Television this week that officials’ willingness to keep interest rates near zero and repeatedly buy bonds and other assets meant they became “way too involved in the global economy” and should have left more of the lifting work to governments.
“Major economies have exhausted monetary and foreign- exchange policies,” he said. “Government action must take over from central-bank policies, triggering more confident private- sector investment and spending.”
The influence of central bankers was underscored by a report this week from currency strategists at HSBC Holdings Plc, which calculated foreign-exchange markets are more sensitive to interest-rate decision-making than at any time in the last 15 years.
“FX markets are likely to remain hypersensitive to rate expectations until we are past the current era of extremely accommodative monetary policy,” the strategists led by David Bloom wrote.
Even if more stimulus does end up being delivered by the ECB or BOJ, China’s increased willingness to devalue the yuan will blunt the effect of it by limiting declines in their currencies and pushing up bond yields as money exits China, according to George Saravelos, a strategist at Deutsche Bank AG in London.