Grant began by slamming Jay Powell's seemingly blinkered proclamation that "he sees no prospective consequences with regard the purchasing power of the dollar" as "very concerning" adding more pertinently that he thinks "that wilful ignorance is a clear-and-present-danger for creditors of The United States."

"I am in favor of life going on," says Grant when asked by the anchor, "shouldn't The Fed do something amid this massive global shutdown?"

The alternative, the venerable bond guru exclaims is the direction we are heading - "shutting everything down and putting the government in charge."

Bernie Sanders may (or may not) be out of the presidential race but, as Grant highlights, "his programs are being implemented in fact daily."

"One can die of despair as well as disease," warned Grant, reminding viewers of the consequences of mass self-incarceration.

"There are health consequences to isolation, and health consequences to unemployment.. and life as it must go on is is a precious thing too and we ought to at least consider what we are condemning ourselves to if we choose to shut everything down for another month or two or three."

"I think it would be a fatal error."

Once again, the CNBC anchor urged Grant to support massive intervention but exclaiming "desperate times call for desperate measures."