JIM GRANT: MASSIVE & UNPRECEDENTED CENTRAL BANK INTERVENTIONS ARE GOING TO BACKFIRE!

Tuesday, December 4, 2012
By Paul Martin

SilverDoctors.com
DECEMBER 4, 2012

Bloomberg has released an excellent interview with one of our favorite market commentators (and perhaps the harshest and most vocal critic of the Fed outside of Ron Paul), Jim Grant.

Grant eloquently informed Bloomberg that there are no markets anymore, only interventions:
There is a systematic manipulation of values carried out by our central banks world over. They sit on money market interest rates, they muscle around the yield curve, and they levitate asset prices on the theory that higher stock and corporate bond prices will make us happier and more inclined to spend.

The Rest…HERE

When Bloomberg’s blonde responded by asking, What’s the harm? Grant responded:
We haven’t got enough time to go through every item of harm.

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