Some might say that fiscal conservatives would not be watching CNBC on a regular basis. That may be true, but I will admit that I was watching Sqawk Box this morning and caught a very good interview with James Grant, the publisher of Grant's Interest Rate Observer. Mr. Grant held his own and made a compelling point, as have so many others, to establish a modern day monetary system that is tied to a gold standard.
The banking system has proven more than once in recent years, that it is not working well as it exists and our dollar continues to be weakened by the policies of the FED and the uncontrolled spending of government. Mr. Grant was asked to speak on the volatility affecting every corner of the market and to comment on Joe's question that our prosperity sits on top of a lot of paper money!
The interview can be seen here .
