Jim Rickards Interview on KWN - 6/4/11

Rickards gives an illuminating interview on "financial repression", which is just the economist-lingo way of saying the Fed's intentional policy of creating inflation to "inflate away" the public debt. Bear with him to the end, because he reveals 5 reasons why he thinks the policy will continue for a few more years but then ultimately fail. I will add one more to his reasons: that the Fed is succeeding in creating inflation, but it's not going into the areas the Fed wants most.