EL-ERIAN: The Fed’s New Policy Is Causing ‘Distortions That Will Take Years To Resolve’!

• Keep in mind that the FedRes, ECB, BIS, IMF, World Bank … and practically all central banks are privately owned Illuminist financial institutions. They control/own the western MSM. They sell to the sheeple the illusion that the Illuminist banksters are the saviors of the world but in reality they are the cause of the financial problems. There is no intention on the part of these Illuminists to solve the problems. At every step of the way, they have made the problem worst.
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• The real plan of these Illuminists is a One World Currency, Global Supra-National Central Bank (very like the IMF 2.0) and a Luciferian World Government / New World Order –> ‘666’! The final endtimes empire! They want to achieve this via their philosophy of Order Out of Chaos via a global economic, financial and currency meltdown leading to World War!
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  EL-ERIAN: The Fed’s New Policy Is Causing ‘Distortions That Will Take Years  To Resolve’! 
  by Matthew Boesler, http://www.businessinsider.com/ 
  Mohamed El-Erian, CEO of PIMCO, the world’s biggest bond fund, just published  his instant  reaction to the Fed’s policy announcement in  the Financial Times.
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  On today’s FOMC announcement that Operation Twist will be extended through  year end, El-Erian says that “all the Fed will do is buy some time,” and that in  the interim, “collateral damage will mount, making the next policy steps even  more excruciating.”
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  Here are El-Erian’s thoughts on the likely outcome of the  FOMC decision today, and specifically how it affects his business at  PIMCO:
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  What this continued Fed activism will do is to  continue altering the functioning of markets, contaminate price discovery and  distort capital allocation. Already, the viability of several segments – from money markets to insurance and from pension provision to suppliers of daily  market liquidity, all of whom provide financial services to companies and  individuals – has been undermined. The Fed has also conditioned many  market participants to believe in a policy put for both equities and bonds. And  other government agencies are relieved to have the policy spotlight remain away  from their damaging inactivity.
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  Ultimately, however, El-Erian takes an apologist stance toward the Federal  Reserve and instead blames American politicians, saying he suspects  “that Fed officials feel a moral obligation to act when others  won’t…and the last thing they want is to inadvertently contribute to a  sluggish US economy that would accentuate the synchronized slowing now taking  holding of the global economy.”

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