James Grant Explains a World without the Federal Reserve - Capital Account (10/24/11)

[tjtomkins]

"speculation is 1 of the things that caused the crisis"

WRONG. Fed keeping interest low & thereby making cheap-credit available & thereby flooding the economy with money, that's what caused the crisis. As interest was TOO low, people borrowed heavily & moneysupply increased & that EXCESS money caused prices to rise sharply but eventually they'd to fall which they have & that's the crisis & recession

[NarcolepticDogstar]

@tjtomkins WTF ARE YOU TALKING ABOUT?? This crisis was caused by credit default swaps moron.

[tjtomkins]

"with the difference between risk and reward reduced obviously that means less potential for action and speculation"

Actually, "speculation" can't drive up prices because there's just as much buying going on as selling, nobody can buy unless someone sells & vice versa. Prices are driven by fundamental factors, "speculation" is a way for market-participants to guage supply & demand & prices, you can get rid of leverage altogether & STILL would have bubbles because that's NOT the issue

[FallenRaccoon]

Nice tits.

[pretorious700]

@FallenRaccoon low standards

[infokemp]

The thing that must be said about your guest expressing a supposed concern for savers in a 0% interest rate must be weighed against the reduced margin that he and his speculators have to speculate - with the difference between risk and reward reduced obviously that means less potential for action and speculation - speculation is 1 of the things that caused the crisis & Ultra-Conservative Neo-Classical Ponzi scheme economists are speculating against the Euro for political reasons against the EU

[infokemp]

Continued - Gold does not solve the fractional reserve banking system - if you think about the 1929 crash it was at a time when when the US was still on the Gold Standard which was controlled by Britain. The Fed was still able to create loans on the margin - where shares could be bought for only 10% of the value but had to be repaid to the Fed in 24hrs but its not the paper the banks that control the fed wanted it was the assets of the stock holders - they then crash M Supply causing 1929 crash

[infokemp]

This comment is by no way an endorsement of the criminal rouge Central bankers at the Fed or the speculators who claim insurance on the credit default swaps of mortgages leveraged out by banks 100's times over - but gold is not the answer - no wonder RT & Ron Paul (who for the most part I respect) want the gold standard Gold is mainly mined in Russia & South Africa two place both Russian gold speculators & Ultra Conservatives control the gold supply - if you think fiat money is bad Gold is worse

[KenMacMillan]

The federal reserve doesn't have a monopoly on money.

[wzrsk]

why should anyone have to pay interest on dollars created from "nothing"?

[radicalsquare]

I recall Christine Lagarde talking about the US (yes, the US) solve its continuing mortgage crisis. I really wonder how much exposure to toxic mortgage CDOs Europe has in their pension funds and in their banks, etc., that are not yet marked to market.

[ghostKurt]

LOL @ 23:03 one cameraman got the camerawoman in his shot XD

[ghostKurt]

So THAT'S where Lauren went.. RT finally gave her her well deserved Finance Segment!

[8888rogue]

'Remember, remember the 5th of November'. I've already cleaned out my bank account. It feels... empowering.

[evband17]

October 24- Lauren interviews James Grant

October 26- Ron Paul names Grant his pick for Fed Chairmen.

Coincidence?

[KenMacMillan]

@evband17 Yes

[evband17]

@KenMacMillan Well I WAS being tongue-in-cheek :)

[killcraz]

GREAT SHOW AS ALLWAYS!!!

[ckdoll]

who is in that clapping audience that I hear at the end of the show?

[natritious1]

This is my favorite show on TV

[evmazu]

Great question by Dmitri to Grant about interest rates w/o a Fed. In only one week you've had great libertarian guests like Pento, Rockwell, and now Jim Grant so I'm spreading the word about your show to my libertarian circles

[PsionicX1]

I enjoyed the interview with James Grant, I thought good questions were asked and he gave good answers. I would have liked him to have taken up the whole show since he was on for 20 minutes of it anyway. I wasn't clear on the point of bringing up the gold spa treatments or the playhouses. Was that criticism of people with money? If yes, it was a waste of time. I personally don't care what people do with thier money as long as its not my tax dollars. Overall I thought it was a good show.

[evmazu]

Great question by Dmitri to Grant about interest rates w/o a Fed

[heckler73]

@evmazu Yes that was a good question. Too bad Grant's answer ducked and weaved into "b/c we had the gold standard" nonsense.

[capucchan8]

I love you Lauren

[98bigbutt]

It's good that Lauren Lyster has her own show because she deserves it for being a good debater.

[shortlimb1]

omg omg!! I LUUUUUV u LL!! great job reporting and anchoring that's my feedback.. don't have twitter :/

[stefanb1977]

Was that a camera operator in the shot at 23:00? lol

[killcraz]

@stefanb1977 ..YES YOU SEE THE DIFFRENT CAMERA OPERATORS PAN IN & OUT AT DIFFRENT ANGLES ALL THE TIME ON THIS SHOW!! THE OTHER DAY IF YOU LOOK AT THE OLDER EPISODES THEIR IS A CO WORKER LADY WALKING THRU THE LIVE SET DURING THE BROADCAST WITH HER LITTLE KID!! LIKE GIVING THE KID THE TOUR OF THE STUDIO WHILE "ON THE AIR" LOL