The End Game For Central Banks Has Begun
by Graham Summers
Gold Seek
For over six years, the markets have been moving based on Central Banker actions and words.
The first phase (2009 to 2013) was dominated by action (ZIRP and QE).
The second phase (2013 to the present) was increasingly reliant on words (verbal intervention) as most Central Banks had by then used up 90% of their ammo.
As former Fed Chair Bernanke himself noted in his recent memoirs:
“Monetary policy is 98% talk and 2% action, especially when short term rates are near zero”
Continue Reading at GoldSeek.com…
Source: http://financialsurvivalnetwork.com/2016/02/the-end-game-for-central-banks-has-begun/?utm_source=rss&utm_medium=rss&utm_campaign=the-end-game-for-central-banks-has-begun
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