Jim Grant – Gold & The Fed’s Ungraceful Attempt To Exit QE
May 24, 2013
With so much turmoil taking place around the globe, today King World News interviewed one of the legends in the business, Jim Grant, Founder of Grant’s Interest Rate Observer. KWN will be releasing a series of written interviews today with Grant where he discusses gold extensively, the end of the current monetary system, Fed and central bank policy, distortion in key markets, and the tremendous challenges the West faces going forward. Below is the first in a series of written interviews with one of the most highly acclaimed individuals on Wall Street.
Eric King: “The idea that the Fed can gracefully exit QE, and they’ve been selling this for quite some time, Jim, I wanted to get your thoughts on that?”
Grant: “Well, anything is possible. As I indicated a moment ago, one becomes more agnostic or at least humbler in the face of the future the more birthday candles one blows out.
But it is a matter of record that the Fed has shown not much judgment with respect to future events….