James Grant Explains Fed Manipulation

So if you want to understand what the Fed under Bernanke is doing now to manipulate the U.S. currency, spend a few minutes with this excellent Bloomberg video featuring James Grant. Grant's explanations and insights are beyond compare. You'll also get some insights into why the gold standard worked in the past, and why it's something to consider now to help us out of this crisis.

(Some of my favorite parts is when "Sara" - one of the financial "journalists" interviewing Grant - make some typically inaccurate comments in her "clueless" vocal timber, and Grant's patient, gentlemanly responses.) 

(Click HERE to see the whole video.)