Ep. 431: Bill Bonner Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Origins of Government
Government is fundamentally an instrument of what I call pre-civilization. In the long sweep of history, man's survival was based on violence. Tribes survived by killing things really. If you wanted any kind of wealth, by the way, the way to get it was to take it from somebody else. And that's still in primitive tribes. That kind of works today, too. The nature of Hornageddon though is this is about bubble creation. This is the insiders with power. And this goes to only one end. It has a logical conclusion every time. There's a pattern across all different types of domains and there's an ending that's very bitter and it only comes one way
Play episode from 29:10
Transcript
