Jim Grant: The World Will Witness Extreme Monetary Disorder!

• Jim Grant – The World Will Witness Extreme Monetary Disorder! 
  by www.kingworldnews.com
  Today legendary Jim Grant warned King World News that the world will witness extreme monetary disorder. Grant also discussed the impact this will have on gold and other major markets.  Below is the first in a series of powerful interviews that will be released today on KWN with one of the most highly acclaimed individuals on Wall Street. 
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  Eric King:  “When you look back at history, how dangerous are these policies?  How risky is this?” 
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  Grant:  “Bernanke himself has said, ‘Because we are learning by doing.’  Because we are learning by doing we really can’t use history as a guide.  But we can know from history that experiments in radical creation of unconvertible units of currency, of script, have invariably had a bad outcome.
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  Until 40 years ago the idea of a world universally on paper would have been seen as a fantasy, but now it is so much ingrained that people can’t believe there ever was a time when there was not universal paper money.  But we have seen heretofore unimagined feats of money printing and interest rate suppression by not only our central bank, but almost all of the major ones.  And people have come to be quite complacent about these things.
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