Ahead of the Fed’s December FOMC statement, The Interest Rate Observer’s Jim Grant was on CNBC today debating the effectiveness of the Fed & Bernanke’s QE policy with bankster apologist Steve LIESman.
The Fed has embarked on a dangerous course of monetary manipulation. You’ve said there is no inflation. How about on Wall St.? How about in stocks, bonds, art, Ferraris and farmland? The asset holding portion of the community thinks this is great. You think its great. It is NOT GREAT! The Fed can change how things look, it cannot change what things are!
Grant’s MUST WATCH schooling of Steve Liesman & the CNBC crew on the dangers of the Fed is below: