William Green chats with Jim Grant, who’s been hailed by Institutional Investor magazine as a “Wall Street Cult Hero.” Jim is the editor of Grant’s Interest Rate Observer, which is required reading among the world’s most successful investors. Famously prescient, he rang the alarm before the dotcom crash, before the Global Financial Crisis, & before the recent surge of inflation. Here, he shares his fiercely skeptical views on the folly of the Federal Reserve, why he refuses to invest in China, why he likes gold, & why he’s bearish on bonds & Bitcoin.   IN THIS EPISODE, YOU’LL LEARN: 00:00:00 - Intro 00:16:16 - How the Great Inflation of 1965-81 shaped Jim Grant’s views on our current predicament. 00:22:52 - How history shows us that human behavior around money has never really changed. 00:28:07 - Why it’s futile to forecast interest rates, but wise to know what’s happened in the past. 00:35:53 - How the Federal Reserve sparked rampant inflation, why it’s scary, & how to deal with it. 00:49:08 - How central bankers illustrate the perils of overconfidence & the need for humility. 00:56:32 - How the Fed could wreck the U.S. economy while attempting to tame inflation. 01:00:17 - What investment opportunities Jim sees in this high-risk economic environment. 01:04:14 - Why he’s bearish on bonds as a 40-year cycle of falling interest rates comes to an end. 01:09:19 - Why Jim likes gold, not Bitcoin, as a protection against financial chaos & monetary folly. 01:24:58 - Why he adamantly refuses to invest in China. 01:26:44 - What Jim thinks of great investors like Seth Klarman, Paul Tudor Jones, & Bill Miller. 01:28:10 - How to handle the emotional challenge of investing when the stock market is tumbling. 01:30:56 - What we can learn from Bernard Baruch, one of the best investors of the 20th century. 01:34:26 - What you can learn from a classic investment book about the secret of “dying rich.” 01:43:21 - What Jim regards as “the most precious commodity” in life. 🤝 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig and the other community members: https://theinvestorspodcast.com/mastermind 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ ▶️ RELATED EPISODES: - Deep Dive on Currencies, Debt, and Inflation w/ Lyn Alden | Broken Money: https://youtu.be/CTc3ecUlzRc - Broken Money w/ Lyn Alden: https://youtu.be/bs_pYdK8CU8 - Is The Federal Reserve Going Bankrupt? | All You Need To Know w/ Lyn Alden: https://youtu.be/WBHWISo9RYs - Energy, Inflation, and the FED w/ Lyn Alden: https://youtu.be/qgu4Tf_7RWk 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/richer-wiser-happier/fear-the-fed-w-jim-grant/ 📖 BOOKS MENTIONED: - Bernard M. Baruch: The Adventures of a Wall Street Legend by James Grant: https://amzn.to/3SY6peU - Bagehot: The Life and Times of the Greatest Victorian by James Grant: https://amzn.to/3zUu7Qs Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On Richer, Wiser, Happier, William Green interviews high-profile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life. 🌍 Website: https://www.theinvestorspodcast.com/richer-wiser-happier/  ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.