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Jim Grant tells Bloomberg TV that Fed now manipulates everything
10:35a ET Friday, May 4, 2012
Dear Friend of GATA and Gold:
Zero Hedge today calls attention to the interview done yesterday by Bloomberg Television's Deirdre Bolton on her "Money Moves" program with James Grant, editor of Grant's Interest Rate Observer, in which Grant practically sputters with indignation as he denounces the Federal Reserve for manipulating all markets. Today's markets, Grant says, are just "a hall of mirrors" and he doubts that the Fed can hold the illusion together forever. He now sounds exactly like GATA except that he can't quite mention gold, only gold stocks, which, he says, being so despised at the moment, are a good contrarian investment.
Complete video of the "Money Moves" program is posted at the Bloomberg Internet site here:
http://www.bloomberg.com/video/91937513/
But it's 42 minutes long and Zero Hedge has conveniently excerpted Grant's part of it, bringing it down to 9 minutes, along with some excellent text introduction, here:
http://www.zerohedge.com/news/jim-grant-federal-reserve-vampire-squid-va...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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