Thursday, March 27, 2008

Injustice to savers

Video Jim Grant on Fed actions

Excellent interview. The desperate actions of the Fed accepting mortgage paper as collateral, when the US is not even in depression yet. The dollar is now a very risky asset because of this, especially if house prices keep falling. He calls the destruction of the dollars value an injustice to savers.

Posted by happyrenterz @ 11:33 PM (629 views)
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