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Ep. 257: Cullen Roche Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Myth of the Federal Reserve

The creation of the Federal Reserve was in you know technically 1913 but really what prompted it was the the financial crisis in 1906 and 1907 we had had a series of big bank blow-ups in the late 1800s and the early 1900s. The modern day monetary system is just it's almost completely run through banks and when the payment system that operates through these banks when it stops working the whole economy stops working. We're all dependent on these entities that are private profit seeking entities that sometimes take enormous risks and sometimes put the entire economy at risk.

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