Noe som godt sagt, mer interessant og relevant enn G. Floyd og som mediene eller politikerne skal ikke snakke om.
By Pam Martens and Russ Martens: April 22, 2021 ~ The headline above was Point Number 6 in a multi-point Tweet offered by Grant’s Interest Rate Observer
wallstreetonparade.com
"As for the timidity, if not mesmerized worship, that the press bestows on each utterance from the Fed, Grant offers this:
“The press ought to stand up to tyrannical power or to misappropriated power.
And I’m not saying the Fed is a tyrant but I’m saying that it is too much with us; its powers are too great; they are exercised too frequently; and it has left us with a bond market that’s all but been destroyed with respect to the proper functioning of a bond market, which is to set interest rates, to appraise credit, and to extend credit on terms that are logical and have been vetted by the participants in the market place.”
Other notable tidbits of wisdom from Grant during the interview:
“Tesla is the Bitcoin of auto manufacture. And Bitcoin is the Tesla of monetary gimmicks.”
“The more intense the craze, the higher the order of intellect that succumbs to it.”
“It took a viral invasion to unmask the weakness of American finance. Distortion in the cost of credit is the not-so-remote cause of the raging fires at which the Federal Reserve continues to train its gushing liquidity hoses.
“But the firemen are also the arsonists. It was the Fed’s suppression of borrowing costs, and its predictable willingness to cut short Wall Street’s occasional selling squalls, that compromised the U.S. economy’s financial integrity.”