A must watch video - Jim Grant: "The Fed is creating, if not inflation, it is creating distortions."

Jim Grant of Grant’s Interest Rates Observer was interviewed last Wednesday on CNBC. While anchor Maria Bartiromo also got Jim’s thoughts on physical gold as a backing to long term bonds (which he did discuss in some detail) his more pointed remarks were about the massive money printing going on by the US Federal Reserve and the European Central Bank. Again,Helicopter Money wafting down from the skies. This is a must see video.

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