Wealthion - Be Financially Resilient

Jim Grant's Golden Truth - Part II

Feb 20, 2025
Guest
Jim Grant
In this enlightening conversation, renowned finance expert Jim Grant shares his insights into the Federal Reserve's monetary policy and its alarming $200B+ losses. He discusses the implications of public credit concerns on the market and analyzes gold's recent performance, pondering its potential to exceed $3000. Grant also tackles the puzzling underperformance of gold stocks compared to rising gold prices and offers a thought-provoking perspective on Bitcoin's valuation in today's economy.
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INSIGHT

Fed Rate Cut and Public Credit

  • The steepest increase in long rates ever followed an initial Fed rate cut in mid-January.
  • This could signal mounting doubts about the U.S. public credit's quality.
INSIGHT

The State of U.S. Public Credit

  • The U.S. public credit, the government's ability to service debts in good money, is facing difficulties due to neglect.
  • The Federal Reserve seems to be focused on other priorities than this essential project.
ANECDOTE

Fed's Credibility Questioned

  • Jim Grant found the Fed's $1.4 trillion QE in 2021 perplexing given the rising CPI, strong GDP, and falling unemployment.
  • He questions the Fed's credibility, citing their "transitory" inflation call as a final straw.
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