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Friday, April 08, 2016

On the announced FED’s meeting “under expedited procedures”

Lets recall shall we

http://www.usagold.com/cpmforum/2016/03/20/secret-2016-shanghai-accord-to-devalue-u-s-dollar/

“The dollar has taken a surprisingly big stumble in recent weeks, prompting traders to ask: What’s really driving the selloff? The answer some are coming up with smacks of conspiracy theory. Rumors are flourishing that global policy makers made a secret deal at the G20 meeting in Shanghai late last month. This ‘Shanghai Accord’ to weaken the greenback was aimed at calming the financial markets, which had gotten off to an awful start to the new year, according to the chatter.
No foreign-exchange pact was announced at the February meeting of central bankers and policy makers from the 20 largest economies. That hasn’t stopped speculation that a plan of action was whipped up behind closed doors, as its supposed effects are beginning to emerge now: The greenback DXY has shaved off more than 3% since the gathering, sparking a rally in stocks, emerging markets assets and commodities.”


Speculation on my part that this is to build agreement to delay further rate hikes to further the aims of the purported Shanghai Accords. ( Above ) Minimal/no dissent would seem to be part of the play.

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