Jim Grant, editor of Grant’s Interest Rate Observer, talks about the Federal Reserve’s three potential additions to the Board of Governors. Grant speaks with Margaret Brennan on Bloomberg Television’s “InBusiness.” (This is an excerpt of the full interview.)
In this interview, Grant basically takes an epic dump of power all over the Fed’s face as he slams the FOMC, the God King, and all of the new appointments as being a bunch of line toting lackeys.
The new appointments have all voted in favor of the OMC decisions 100% of the time without one iota of dissent.
Grant expects the Fed to print money at utra-speed as Bernanke places purchase orders for 3944 industrial helicopters.
You can expect your share of the new money to arrive in your backyard shortly via para-drop.