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How the Fed is destroying the US economy

James Grant lays it out

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March 17, 2010 to Ron Paul's committee

James Grant is the long time publisher of Grants Interest Rate Observer.

In just five minutes he lays out in vivid detail how the Federal Reserve and its policies and powers are undermining the US economy run on behalf of bankers and against the best interest of savers and productive people. The original Fed Reserve Act said nothing about zero percent interest rates. How quickly we've collapsed.

Short, sweet and to the point.