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Ep. 924: Charles Goyette Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Degrading of Responsibility

FDR convinced the people that this was done because we were being attacked by foreign interests. He relied on an old World War one provision of a trading with the enemies act or something like that. The American people agreed with it. When Nixon broke the promise to redeem the US dollar in gold so that the dollar was no longer good as gold, it was only as good as paper. And before long, we had kind of a wartime economy with shortages all over America.

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