Jim Grant: FEDERAL RESERVE Could Not Survive an Audit, it Would be Shut Down
June 10, 2009 at 9:40 am
by: Allison Bricker
NEW YORK, NEW YORK – During an interview this morning on the CNBC program “Squawk Box”, Mr. Jim Grant, editor of “Grant’s Interest Rate Observer” indicated that if the FEDERAL RESERVE was audited, it would be found insolvent and shut down. This shockingly candid answer came in response to a question asked of him by in-studio guest Arianna Huffington regarding whether or not he supported “H.R. 1207 Audit the FED” authored by Representative Ron Paul (R-TX).
