Ep. 511: A Zen Money Perspective with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Failure of Money
One of the reasons that our technology is impeded and prevented from feeding the world properly is the failure of one of our networks. It's an information network and it's called money about which we have the most unbelievable superstitions and psychological blocks. Freud equates our valuation of money with our attitude to excrement and a very common complicated lot of complexes grow up around that. So I must introduce this story which is entirely legendary, indeed quite apocryphal. The great banks of the world at one time got absolutely sick of the expense and security measures involved in shipping consignments of gold from one bank to another. And so they decided that all the chief banks of the World would open
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