{"id":52039,"date":"2020-03-30T13:51:41","date_gmt":"2020-03-30T18:51:41","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52039"},"modified":"2020-03-30T13:51:45","modified_gmt":"2020-03-30T18:51:45","slug":"jim-grant-warns-feds-all-in-actions-are-a-clear-and-present-danger-to-us-creditors","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52039","title":{"rendered":"Jim Grant Warns Fed’s ‘All-In’ Actions Are A “Clear-And-Present-Danger” To US Creditors"},"content":{"rendered":"\n

Jim Grant Warns Fed’s ‘All-In’ Actions Are A “Clear-And-Present-Danger” To US Creditors<\/a><\/h3>\n\n\n\n

In a veritable treatise on all that was wrong with The Fed’s actions, Jim Grant – founder and editor of Grant’s Interest Rate Observer – was somehow allowed nine minutes on CNBC’s Squawk Box to put America straight on what we are facing and the consequences of these unelected and unaccountable officials terrifying experiments.<\/p>\n\n\n\n

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Grant began by slamming Jay Powell’s seemingly blinkered proclamation that “he sees no prospective consequences with regard the purchasing power of the dollar” as “very concerning”<\/strong> adding more pertinently that he thinks “that wilful ignorance is a clear-and-present-danger for creditors of The United States.<\/strong><\/em>“<\/p>\n\n\n\n

It appears his fears are starting to be warranted as USA Sovereign credit risk is rising…<\/p>\n\n\n\n

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“I am in favor of life going on,”<\/strong><\/em> says Grant when asked by the anchor, “shouldn’t The Fed do something amid this massive global shutdown?”<\/p>\n\n\n\n

The alternative, the venerable bond guru exclaims is the direction we are heading – “shutting everything down and putting the government in charge.”<\/p>\n\n\n\n

Bernie Sanders may (or may not) be out of the presidential race but, as Grant highlights, “his programs are being implemented in fact daily.”<\/p>\n\n\n\n

“One can die of despair as well as disease,”<\/strong><\/em> warned Grant, reminding viewers of the consequences of mass self-incarceration.<\/p>

“There are health consequences to isolation, and health consequences to unemployment.. and life as it must go on is is a precious thing too and we ought to at least consider what we are condemning ourselves to if we choose to shut everything down<\/strong> for another month or two or three.”<\/p>

“I think it would be a fatal error.”<\/strong><\/p><\/blockquote>\n\n\n\n

Once again, the CNBC anchor urged Grant to support massive intervention but exclaiming “desperate times call for desperate measures.”<\/p>\n\n\n\n

His retort shut down her argument quickly:<\/p>\n\n\n\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Jim Grant Warns Fed’s ‘All-In’ Actions Are A “Clear-And-Present-Danger” To US Creditors In a veritable treatise on all that was wrong with The Fed’s actions, Jim Grant – founder and editor of Grant’s Interest Rate Observer – was somehow allowed nine minutes on CNBC’s Squawk Box to put America straight on what we are facing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[9301,7863,3650,4318],"class_list":["post-52039","post","type-post","status-publish","format-standard","hentry","category-economics","tag-interest-rate-observer","tag-jim-grant","tag-us-federal-reserve","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52039"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52039\/revisions"}],"predecessor-version":[{"id":52040,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52039\/revisions\/52040"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}