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Jim Grant On The Monetary Priesthood's "Atlas Complex"
The bow-tie-and-bespectacled Jim Grant once again takes the centrally-planned 'Office of Unintended Consequence' (aka The Fed) to task in a thoughtful exchange with Capital Account's Lauren Lyster. Reflecting on his recent opportunity to speak directly to various Fed officials, he found one particular question (on the perceived 'mass starvation' that occurred in the brutal earlier Depression beginning in 1920 which ended rapidly without the need for monetary stimulation) most disturbing in its summation of the central bank's 'Atlas Complex' - or how would we get up and go to work in the morning without them. The attitude of our Monetary Priesthood, he analogizes, is that unless they are active in their prayers and devotions, who knows what might happen? Grant goes on to discuss the hypocrisy of Bernanke (noting the importance of free market prices to his students and yet controlling interest rates overtly in the market-place) and highlights interest rates role as the traffic light signal in a market economy providing a critical input to our perception of value in stocks, bonds, real estate, Silicon Valley Startups, and so on and because these rates are manipulated we live and invest in a hall-of-mirrors leaving us with a distorted vision of the real-world. He notes that Americans, as typically recklessly joyous investors in growth, "remain in a miasma of anxiety due to the extreme unpredictability of policy action and this is what creates the tail risk of doubt and apprehension." Looking to the future he sees the constitutionality of Obamacare and the elections as a critical test in the war against supply and demand that is being waged by our central bankers and government.
Starting at around 1:50, Capital Account's Lauren Lyster begins by introducing Jim Grant's reflexive perspective of the world in a rather eloquent brief on just how our centrally-planned economy has veered from any notion of true capitalism.
The interview with Jim Grant begins at around 4:30
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Lauren Lyster you are devine.
Lauren Lyster strips vines?
You had me at "Lauren Lyster strips"
"tail risk" ;P
she is hot, especially when she does not speak.
"the recovery is un-American....." we are in the miasma!
Jim Grant truly is the man! Thank you Jim!!!
+ 100 for that Twit keeping her mouth shut!
+ 1T for Jim! Jim is da MAN!
I dunno... I don't trust him anymore after that Romney plug... like any Republican but one or two would do what he's suggesting... I don't trust him now... sorry. Republicans just different wing of the same corrupt party...
You are too severe on Lauren, JW. That part in the show opening where she walks across the stage is money. Great tits, great legs.
She gives me dabone...................and no ring on that finger. Man oh man oh man.................
Brains and Beauty...............Her legs could solve the Global Financial Crisis
Not to nitpick, but I've seen better!
Sorry Warren, Lauren puts Becky to shame.
LOL! Good one!
Question: what is the most dangerous part of an airport?
Answer: between Becky Quick and Warren Buffet's jet
Two words to trump both IMO:Trish Regan
I bet Trish wakes up every morning thrilled she no longer has to kiss Kudlow's ass for a living.
http://www.youtube.com/watch?v=kG2uDf2F3cA&feature=player_embedded
Ron Paul on CNBC 4/23/12
Published on Apr 23, 2012 by RonPaulFriends2
http://RonPaul2012.com/
Ron Paul Video Playlist
http://www.youtube.com/view_play_list?p=257C3E2F32D6EA89
FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law.
congressman ron paul, 2012, presidential, race, candidate, republican, gop, Romney, gingrich, Obama, ron paul, primary, caucus, delegate, cnbc, federal reserve, monetary policy, gold standard, squawk box, Stephen Roach, Dino Kos, complete,
So you're Secret Service???????
I've been married 18 years and I DAMNED SURE KNOW THEY COULD SOLVE MY CRISIS!!!!!!!!
She called Krugman an "academic" so she does comedy as well. Amazing that Russia Today (RT) is far more objective than all USA Oba shit TV.
if you want truthful news about russia, watch usa news
if you want truthful news about usa, watch russian news
competition is good. internet media means less controlled brainwashing.
Sad but true to a large extent. If you want to find out the truth regarding any particular group, start with what their enemies say.
Reminds me of Farage, his ukip party are looney, but everything he says about the EU is pretty accurate and even better - espoused in a very amusing fashion.
bullshit! jim grant is divine...
Devine?!
http://en.wikipedia.org/wiki/Divine_(actor)
Dear 1913,
In 2012, Russian television will be giving the United States a lecture on how to run a reasoned free market system, and will try to explain why the Federal Reserve needs to stop trying to manage the economy for the benefit of a few select elites.
Sincerely,
The Future
ah, welcome back lter. russian tv couldn't lecture any AMERICAN on a free market system. who's giving you the ups, your extended family...
Your mother.
she died and was creamated last december... i cared for her the year before...
Nice try. As honest as your general point of view. Fuck you.
i feel sorry for you, because i speak nothing but the truth about my dear mother...
and from this day, goodbye zerohedge...
Fight club is not for you. But Good riddance. Economics 1996 in your other, purple form. Enjoy your government contracting.
Hey man, if you know a lot about the ideas of Ayn Rand (have read/studied her works as I have, though they're just one small source for me though an important one, and I've written and published things stemming in whole or part on her ideas/works), would enjoy chatting. You seem to have a very superficial and distorted view of her ideas, at best and you seem sort of obsessive about "hating" on her (I may be newly registered here this tiime but have read ZH since it's inception.) What's up with that? No offense, and none taken. Not looking for an argument, just a spirited, honest debate with someone who has really studied her but takes the "other side". Nothing you could say would "offend" me or anything. I'm not an "objectivist" by any means. Just leave a day/time here. Will check back later.
(I don't want to clog up the board with a debate on Ayn Rand, unless it's an article about her or her ideas.)
In the meantime, here's something awesome that Ayn Rand inspired:
http://www.youtube.com/watch?v=LQEgZNqa8jE -- RUSH BITCHEZ!
Well for one thing her book Atlas Shrugged is about 999 pages too long.
-3, pathetic...
Dear Future,
What is this "television?"
1913
Dear 1913,
Do you have FIOS or Brighthouse?
2012.
"Dear 1913,In 2012, Russian television will be giving the United States a lecture on how to run a reasoned free market system, and will try to explain why the Federal Reserve needs to stop trying to manage the economy for the benefit of a few select elites. Sincerely, The Future"
Dear Russia in 1905,
This year, your nation will give birth to one Alisa Rosenbaum, later known as Ayn Rand, who will escape Russia in 1922 by herself at the age of 17 and come to America with nothing but the clothes on her back. She will, as a result of her own brilliance and hard work, have a profound influence on libertarian thought and grow personally wealthy from her writings. She will profoundly influence and inspire one great man named Ron Paul. He may become the America-saving President in 2012, or at least change the discussion in a way that could later be the saving grace. He would stop the criminal American government from trying to benefit a few select elites. Please do all you can to ensure that she makes the voyage over here. For example, please be sure to have a communist revolution that will disgust her and make her determined to come over here in the first place.
Sincerly,
The Future
There. Fixed it.
I envy the simplicity of your thinking.
Space is limited, though I could certainly more honestly and with much more to go on say the same of you. Have been reading your absurdities for a while now.
So I guess that's a "no" on the debate about Ayn Rand? Not up to the task eh? Answer me this, have you ever read even one of her books? In the absence of an answer, which is what I expect, I'll assume that's a "no" too ;)
We could go to chat right now. I'll wait around until at least 10:30 E.T. if you've got the stomach/balls for it, just post the exact time for the meetup time in reply to this post. Looking forward to it, and I promise not to be to simple for you.
Surely you have an in-depth knowledge of her works and ideas, to have devoted half your life to...um...discussing her all day after day for months, right? Let's see what you've got!C'mon, I can take an ass whoopin'. Wouldn't be the first time.
This is FIGHT CLUB! Challenge! Let's go! (I'm gonna' make the challenge until you take it so let's do this!)
Can you, and will you, back up ALL THAT TALK? I'm hearing crickets...
Good luck with your Rand worship. Not interested in wasting my time talking to you about it.
Chickenshit idiot. I've read your comments about Ayn Rand for months. There's not a snowball chance in hell you've ever read even ONE of her books.
What a pussy. You should be on Huff Po you sissifed assbitch cocksucker.
"Not looking for an argument, just a spirited, honest debate with someone who has really studied her but takes the "other side". Nothing you could say would "offend" me or anything. I'm not an "objectivist" by any means. Just leave a day/time here. Will check back later."
Your words to me a few posts earlier. More honesty and integrity from the Rand crowd. I didn't even need to respond to you to know that you are a dishonest asshole. But thanks for proving it.
I AM the Rand crowd. The others aren't "objectivists" either. Just strongly influenced by her, like me. So why you wussing out? THAT is the best bullshit excuse you can summon up? Holy cow, what a pussy. I've probably studied Ayn Rand, and read more of her works, than almost anyone here. Maybe everyone here. What's the holdup hitch? I'll be very civil. The chatroom is created, and I'm waiting.
I guess it's better than L. Ron Hubbard. Barely. I'm glad that I don't ever have to read Tom Cruise spouting Randisms.
Hey, you haven't even raad ONE of Rand's books, so how would you know "what's better"?
I could kick your ass on Scientology too, BIG TIME. That shit is more absurd than someone spending half their life for a year disparaging something they know NOTHING about.
"I could kick your ass on Scientology too, BIG TIME."
Congratulations on that. I'm sure that qualifies you for... ?
For being able to discuss it frrom a position of KNOWLEDGE about it and having studied it, as opposed to spewing about it endlessly for months without knowing the first thing about or even having READ any of it.
What the hell? You're here, and posting, and reading my posts, and replying? Why not reply to the one I just posted with a question about Ayn Rand? ANYTHING but that huh? LMAO
"Let Them Eat Rand" is completely in favor of Big Brother's gun(s), because they have yet to be pointed at Him/Her. I find it amazing that Socialist/Progressives can always come up with arguments that the end justifies the means that for the most part are equivalent to: "I'm just a little bit pregnant!"
"If you don't STAND for something, you'll FALL for anything!"
At the very least, more up arrows than you.
Of course ideas can be persuasive. Bitter blathering, dissembling, and personal attacks? Not so much.
Not in a gay way or anything (not that there's anything wrong with that) but I like the cut of your jib, NWO.
Thanks Dawg. I'm usually not this insistent or confrontational, but this guy...I've read his trip for almost a year and never said a word. Just listened. He's never read a word of Ayn Rand. Simply amazing.
Yeah Dawg!
I've read his trip for a year, Dawg!
Are you a rapper? Or just a complete fucking idiot. Wait, never mind. I know.
That's his MONIKER idiot. Reading comprehension problems again eh? I think I'm beginning to understand the source of your intellectual inadequacies.
Hey, in Atlas Shrugged, as you know, John Galt gives a long speech toward the end of the book. Earlier in the book, another character gives a similar but far shorter "speech" at a cocktail party. What was that guy's name?
I'll answer your question if you can tell me the significance of the color yellow in a book written by a famous American author who understood the problem with the oligarchs whom your God Rand worshipped.
Couldn't say, I don't spout off about authors I've never even read. That's YOUR bag, miserable troll.
If you had read any Ayn Rand, you'd know that Rand did not worship ANY oligarch. She did find the heroic in entrepreneurs who made it on their own efforts, honestly and with hard work, and didn't accept or want help from bureaucrats.
And she is certainly not my God. Like I said, just one influence of many. The reason we are discussing her is bot because ehe's my God, but because she's your demon.
Do yourself a favor and read more broadly. You'll benefit. You seem to be interested in a single point of view. The only way to know if your point of view is correct, is to try another. Try one before you decide.
Wow, you're presumptuous as well as mentally ill (seriously, spending half your life on a blog for no other reason than to hate on some author?). Like I said, many influences, and Rand is just one. Like I said, certainly NOT an objectivist. I have always strived to expose myself to all points of view. You, on the other hand, have one VERY narrow viewpoint and it's clearly this: Ayn Rand is the source of all my problems and all that's evil in the world and I'm going to take here down if it takes blogging on ZH for my entire life!
Hahahahahahhahahhahaha
I'm mentally ill for spending too much time here but you're read my posts for months?
I frequently read LOTS of posts here. You are here, a lot, It's all you have. Didn't you just say I should expose myself to a broader range of views? I've listened to yours often. Listening, and reading, is something you should try more of. In the the three years I've followed ZH, I've posted on maybe 20 days in all. You can learn a lot just listening (and reading, especially if it's something you wish to make a major part of your life, for good or bad. You should try it.)
And as you've proven tonight, I can learn a lot from a dummy. One thing I've learned from you tonight is that you're a troll and nothing more.I'd figured that already, but thanks for all the confirmation. Not a common troll, and definitely a very weak troll, but still a troll.
Whatever has happened to you that has made you so bitter, angry, and miserable, it can be overcome. Talk to a professional who can help you sort it all out. Reconnect with some family or get out and try to make some friends (and if you spend the whole time spouting off obsessively about some author they've probably never heard of, they'll think you batshit nuts and shun you. I suspect that's a big part of your problem now. End the obsession and you'll be a lot happier.)
You should feel well-fed, troll. Heh.
You are obsessed with a sociopath writer from fifty years ago, but I'm crazy? Good night, Gracie.
So you hate her because she's dead?
The profile of a sociopath: http://www.mcafee.cc/Bin/sb.html
Almost every point there describes you and your behavior here (for a year) to a T. Pure T Troll.
You believe everything you read about something, or someone, without even looking directly at them yourself even when doing so would be as easy as...sitting at a PC. But you choose to ignore the source, and instead, believe what you heard and maybe read second-hand.
Pathetic. Intellectually, that's about as weak and ineffectual as you can get. I pity you, I really do. Goodnight Jethro.
Misdirection. At this point you debate the ideas. Perhaps you could use the ideas from your favorite author and his book about yellow oligarchs created by government growing out of control.
Well said. Yellow oligarchs.
Misdirection. At this point, why don't we simply debate the ideas of Ayn Rand? You see, lter has spent a year here, day after day, spouting off about something he hasn't even attempted to study. I challenged him to a debate on her works and ideas. He made it clear, he's not interested. At this point, I'm basically bored (in a hotel room far from home and it's cold and rainy as hell outside), and after almost a year of reading his absurdities, sincerely curious as to what makes a person like that tick, and spend what is probably every spare minute he has outside of work (?) and sleeptime hating on one author he's never even studied. My curiousity is wearing thin, though. Several hours of communication with this nutjob is enough for one year.
"I challenged him to a debate on her works and ideas. He made it clear, he's not interested."
Finally you said something honest. Thank you.
Everything I've said was "honest" even if you didn't like it.
So you're not interested in dicussing her ideas, just spouting off about them and no more.
Troll, by definition.
I know, I've read some of your other posts, actually checked out fxcm.com on your recommendation. I've never done any forex trading, so I'm studying it and if I get to feeling comfortable with it, might take a shot at it.
I'm also a Rush fan and appreciate the links.
That's awesome! Always nice to be appreciated, and I appreciate your comment. I love Rush. Neil Peart was heavily influenced by Ayn Rand and it really shows in their early albums (70s)
2112 is a virtual retelling of "Anthem."
Got any good links for Rush? I'm a BIG fan so I enjoy even stuff like this, where they're having dinner together:
http://www.youtube.com/watch?v=zb-MwVUUy3g
Say, did you know Alex and his son got beat up by cops about ten years ago in Florida just for clowning around harmlessly in a bar? Tasered until they went into convulsions too. Seems to be a growing trend.
Idol. Worship.
How 'bout a little something different...
http://www.youtube.com/watch?v=2l-iRZpxRE4
They're terrific. Had heard of them but never tuned in. Will listen to more for sure.
Uh oh. Mr. Miserable is gonna' accuse me of idol worshipping them. Ah well, better to worship idols than hate on and fear one "demon" so much it has you blogging about her half your life without ever having read her. You gotta' kind of feel sorry for that guy. I mean, seriously, there's no way he could be anything but miserable, and have no friends or family to care for and care for him. I guess it's better he blows off his steam here on anonymous strangers from the safety of a lonely apartment than with random strangers in real life.
New album this summer! Wewt!! I grew up a huge Rush fan. Neil's distillation of the human experience, always made sense to me. It was not until I read Rand, that I truely began to understand why.
http://www.youtube.com/watch?v=Gk1eEuNxg7U&feature=related
Okay, I can see you're scared to chat. So, let's spar here? No one else around this late anyway, or not many.
In one of Rand's novels, there is a character who is the epitome of the nanny state bureaucrat, a really foul SOB who would say and do anything to destroy entrepreneurs and funnel all wealth to the State. There is no other character quite like him in all of her works. Which novel, and which character? (this is an easy one)
Oh, I know, I know! But I won't be a spoiler.
Dick Cheney?
Chimp Diaries?
I'll throw his initials out there, see if I'm right. I'm not an Ayn Rand student, but I've read a couple of her books and slogged through some of her objectivist writings.
ET?
Of course, and as you know my description was quite vague and he might have had a hard time figuring that out even if he'd read some wiki articles or something. Only someone who knew her works well would know I was describing Ellsworth Toohey, from "The Fountainhead."
Egggggzulent ;)
Your description captured the essence of Toohey's character. I haven't read Anthem but definitely plan to. Rand is an incredible writer. I write fiction myself (amateur with a dream), and I definitely appreciate quality writing. Classic faves are Mark Twain and Raymond Chandler, current faves are Elmore Leonard, George Pelecanos, among others. While their works aren't quite as profound as Rand's, I read them primarily for entertainment. I get a steady diet of "profound" just watching the TPTB trying to keep the plates spinning.
Haven't read any Pelecanos. I read "The Big Sleep" long ago but barely remember it, though I was impressed with Chandler's writing.
Twain is my favorite writer. No doubt lter will now become a Twain hater too, and has probably never read any Twain. I wonder if he's ever even read a book?
Twain's writing is genius. He had some incredible insights into the human condition.
Raymond Chandler is like the original pulp fiction/noir guy. I love his dry, hardboiled prose, you crack a tooth on it. His similes are priceless. "As dangerous as a broken mousetrap". Genius in his own way.
Agree on all of that. In fact, if I had to say who's more profound, Rand or Twain, I'd have to go with Twain.
CHIMP diaries? How ironic that YOU would say that ;)
Incredible. Absolutely amazing. The guy who's devoted half his life for almost a year to disparaging Ayn Rand and her ideas and works, has never even READ one of her works.
Paid shill, or idiot coward?
I was never a big fan of your Mission Impossible series. The original was better. But thanks for equating Tom Cruise and Ayn Rand followers for the world to see.
Your reading comprehension is very lacking. I did no such thing and never will. They are virtually opposites.
Straw man all you got pussy? Can't answer that question either huh?
Go ahead if you'd like WonderDawg.
I'm thinking Ellsworth Toohey in The Fountainhead?
Yep (longer answer above, just didn't see this til just now.)
Seems like we've got a bunch of ET's running the gov/fed these days eh?
I read The Fountainhead. That one was pretty good...being about "crazy architects" and all. Frankly i thought Atlas Shrugged was a piece of crap. Sex on railroad tracks? Ick!
Kudos to you for having read them. Have you read "Anthem"? Her best novel in my opinion. Not as influential for sure, but a great book. It's pretty short.
So sad.
Awww... read "Anthem" - you're first reading of Ayn Rand - and maybe you'll feel happier. It's very uplifting.
Maybe you just haven't read her novels. Maybe you can answer this. Philosophy is commonly broken down into several broad categories. Ayn Rand primarily works with two of them, and in one, she often uses the term "umbrella" as a sort of analogy. What branch?
Hypocritical sociopathy.
No you poor fool. That's not a branch of philosophy, it's refers to the frontal portion of YOUR brain. Not everything is about you lil' fella.
Do capital letters make you feel bigger little guy?
C'mon sissy! I created the room (Ayn Rand) and threw the first punch. Why do you fight like Ghandi but bark like a dog?
i'm starting to think lter is a tyler/mdb troll. no one that visits this blog could be _______________...
I've long thought that lter is a shill or something. It's just bizarre. Why would someone spend half their life hating on something on a blog that they know nothing about? Or otherwise for that matter? Just pure common trolling? Truly bizarre. Been on the internets since day one and I've never seen a troll quite like him.
Pretty sure he's just a socialist or pro-establishment (yeah, I know, pretty redundant) loser who's miserable and heard somewhere Ayn Rand strongly influenced libertarianism, which he clearly equates with the "right wing" (LOL) and this is just his way of blowing off steam over his own failures.
"Not looking for an argument, just a spirited, honest debate with someone who has really studied her but takes the "other side". Nothing you could say would "offend" me or anything. I'm not an "objectivist" by any means. Just leave a day/time here. Will check back later."
Your words. Honest NewWorldOrange.
Economics 1996. A government contractor. It really will never get old.
Making it off the gubmint, huh? I figured that. A shame you didn't know who that character in Rand' novel was. You'd probably bend over and willingly play his assbitch.
You're talking to your purple friend. Aynd you don't even know it. He's a government contractor. Do as I say, not as a I do. Right?
My only "purple" friends are the lips of your wife's vagina. Almost the same color as Obama's lips.
Say, do you know how she got the name Ayn Rand? Go ahead, you can TRY to find it on the Internets. I'd be impressed if YOU even tried, since you've NEVER tried to learn anything about her or her works and ideas before.
Man, I'm wondering. What would it feel like to go on Huff Po, day after day for a year, and talk shit about, say, Martin Luther King Jr and HIS ideas and works, without having ever read a word of them, and then pussy out when someone challenges me to a debate?
Man, I'd feel like a the biggest steaming pile of shit in the universe, and would probably just eat a bullet.
"Not looking for an argument, just a spirited, honest debate with someone who has really studied her but takes the "other side". Nothing you could say would "offend" me or anything. I'm not an "objectivist" by any means. Just leave a day/time here. Will check back later."
That was you, clown. What would it feel like to tell the truth? Rand worshiper.
Listen, I realize since you've never read books, it awes you so someone else has that you think if they know a lot about some author, it constitutes "worship." By that...uh...STANDARD...yeah, that's the ticket...I guess I worship hundreds of authors. Many of whom I appreciate even more than Rand.
It's never too late to learn to read a book, lter.. We're all pulling for you buddy ;)
You'll never learn this word from reading Rand, but look it up: hypocrite.
The lips of his wifes vagina? What an utterly absurd comment, no chance it has a wife or even a woman.
"Not looking for an argument, just a spirited, honest debate with someone who has really studied her but takes the "other side". Nothing you could say would "offend" me or anything. I'm not an "objectivist" by any means. Just leave a day/time here. Will check back later."
Your words.
Lies. Like your philosophy.
Where's the "lie" idiot?
Oh, "not looking for an argument"? Hmmm... well, I really wasn't. Still would like to just debate Ayn Rand, but you made it real clear you're not interested (your words) in that, and just want to spew nonsense about her. Without ever having read her. Idiot of EPIC proportions. I'm shocked and awed by you psychopathy, and even more by your abject fear of one author most people haven't even heard of.
"Nothing you could say would "offend" me or anything."
Your words.
Good god, what a sissy. At the top of the thread you tell the other dude he isnt cut out for Fight Club, then you spend all this time running like hell from a guy tearing chunks off you. You complain about Rand every third sentence you post, he offers to take you on, and you run like a little bitch. For a fraction of a second I actually thought you knew enough to argue, and thought "OK this could be good"! What a disappointment, you pissed down your leg and ran. You got called out and showed no ability to engage on a philosophical or idea level, only a cartoonish good guy/bad guy thing going on in your fevered little head and everything is responded to by vomiting up script fragments. That was a clear and total lack of understanding of issues, ideas, or the person that you rail about endlessly.
Your kung fu isnt jsut weak, its entirely non existent. That may have been the saddest display of abject cowardice ever witnessed here. Go back to DKos boy, youre only suited for an echo chamber of other epsilon double minuses whose grip on sanity comes in a prescription bottle. You self identify as a lefty, you soaked up on the internet that Rand is bad, and thats all you know.
Pathetic. Completely pathetic.
Thank you, Rander.
P.S. the guy who isn't a good fit for fight club, is a former poster who used to rail against goverment until he admitted one day he is a government contractor. He changed his name and avatar to avoid his shame. I suspect you are equally shallow and hypocritical, but it's late. Next time.
And a few select cities....
True. I just gave LTER the first UP vote in, like, ever. He's an intelligent beast, just misguided.
It is not an Atlas Complex - it's a God Complex. The Fed controls virtually every aspect of the economy - bond markets, stock markets, mortgages, consumer loans. There are no bond vigilantes, no independent stock market wizards, no free and fair market proponents now. They all bow and pray to the Fed now.
All power flows from the Fed - we get more fascist everyday.
Good points, but shurely you mean Gold complex?
"...and don't call me Shirley"
Can't give that one enough greenage, JustObserving ;)
Atlas supported the world on his shoulders. The Fed and gov is ruining it not by shrugging, but by doing the opposite: Trying to seize more of it. God complex indeed.
omg she smokin'......what did he say again?
Just think if she interviewed Bill Clinton........................
Depends on what the meaning of the word "IS", is.
i dunno her show seem to be a lot longer than what they say they are and my pause button seems sticky - and the video froze @ 8:36 for some reason
22:45 +1
Jim Grant is welcome to call it an "Atlas Complex," but I'd prefer to call it a front. A cabal of private bankers a/k/a "rent seekers" is skimming the wealth of nations. They are able to achieve this through collusion with politicians and playing a hard confidence game. As conmen go, they are top notch.
he's talking about the wrong people. he SHOULD be leveling this criticism AT THE MEDIA ITSELF. The Fed has no power to "create a gold standard" nor...even "set the price of gold." At ANY level. Whatever "problem" there is with PRICE is something "set" by markets, economists working for huge banks and the government itself...NOT the Fed. Indeed "the smart play" is to simply state "we have a gold standard already" by dint of the rising price of gold "and nobody really thinking its a big deal." Save the name calling for the political arena...and of course "historians judging Alan Greenspan's tenure at the Fed." Chairman Bernanke is NOT the problem!
i'm sensing opprobrium. yet no "reverse anger"...
http://www.youtube.com/watch?feature=player_detailpage&v=_yvyXxBOgVg
FIGHT ME DAMMIT!
Jim Grant is great. The House of Mirrors = The Fed
Jim Grant, alpha bond geek. It makes me happy just to see his face -- because he has always been right. He is the living refutation of the favorite excuse of herd followers: "nobody knew." Jim knew and has been saying it load and clear for 20-odd years.
let them eat rand, all the wall down
Lauren,
If you're reading this, Joe Saluzzi and Sal Arnuk of Themis Trading would be fantastic guests talking about HFT, or Eric Hunstader of Nanex.
DavidC
Lauren,
If you're reading this you are a hot babe and I would like to take you out sometime.
-LH
Lauren,
If you're reading this, I would walk a mile of hot coals just to smell one of your farts.
Dawg
Time to start the nude financial network:
Nude Lauren: Jim, what do you think of the counterparty risk of over the counter cds in light of the iSDA ruling?
Jim: ah, oh, ah, er, what?
Nude Lauren:Lets take something simpler Jim, if an apple costs 50 cents and you give me a buck, how much change should you get back?
Jim: ah, oh, ah, er, (mumbles to self: something strange happening down there)
Yet another failed Hulk experiment...
It was a worthy effort, though, Hulkster.
I'll just have to stick with my nude Barbershop business WD. Need a shave or a manscape ???
Um, no, but ah, thanks for asking.
There's an app for that
http://www.nakednews.com/
So to speak
Seems like a stand-up gal too.
yes we can tell through the glass tables - nothing to hide
Jim Grant was calm, measured, sensible, logical so if more Americans watched, listened to, understood him there would be riots
Extortionist banker scum is what they are. Priests? Not hardly.
Omg, get this woman off the airwaves! The entire clip is unwatchable.
Grant is so refreshingly down to earth when it comes to these dicussions. I needed something like this after watching the squid-in-chief's interview on bloomberg this morning.
A good man with a superior brain and honest intent from the get-go, a seemingly classy lady who is easy-on-the-eyes but more importantly gets it...
so then...
the same "channel" (presentation) needs to begin to utter simple truths such as
"the current power/control structure is steering us to hell"
before it's too late.
Because in spite of the efforts so far, we are beating around the bush, enjoying the legs et al, and distractions don't really work... do they...
Agreed. And grant completely lost (and surprised) me when he started talking about bullishness as it related to the supreme court decision on obamacare and the upcoming election.
Just what does he think this election could change? And he sounded almost partisan talking about obamacare. Does he really think republicans would be better or even come close to addressing the fundamental fuckuppedness of it all?
He didn't sound like he really believed it, may have talked himself into it after a long monologue.
I'm partisan about Obama deathcare. Would like to avoid TSA screener like morons having anything to do with my health.
Oh face it: you'd love to have sex with Ben
Absolutely elegant description of the Fed's clumsy entrance as well as its upcoming and almost certainly consequence laden exit from its balance sheet expansion of the past several years.
Financial markets are a mirror on the real economy.
President Obama and his Wall Street cronies spend the last four years painting the mirror, forgetting the real economy. Americans, when looking into this painted mirror say, “Wow, I look great. But, why do I feel so bad?”
Let us count the ways:
1. The $5 trillion dollars of national debt used painting the mirror has drastically reduced future options.
2. The housing market is moribund. Home prices are down 35% to date. An additional 10%-20% price decline is expected.
3. Unemployment remains very high and employment prospects are bleak.
4. Low interest rates are severely hurting demand and capital formation.
5. Zombie banks are harming the real economy
6. Inflation is high (about 6%) and real wages are declining.
7. Industrial production has not regained its prior high level, and is weak.
8. Greedy, selfish psychopathic criminals control the political process and the economy.
9. Fraud is rampant. Those who caused the credit crisis are NOT in prison.
10. Trust in our leaders is gone.
"low interest rates are harming credit formation"?!!! hahahahaha. "es muy popular" indeed..."but totally wrong" of course. Still..."i like your name. do you have a daughter?"
I was hoping for a wardrobe malfunction
How do you spell pterodactyl?
I was frightened upon first sight.
Did the coloring in his tie also run from being wet?
He seemed grumpy from having to do the show after coming out of the rain.
I like Jim Grant. We can use whatever help is available.