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Ep. 1136: Nigol Koulajian Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Dollar and the Third World

I was born in Beirut, Lebanon just before the war. I think it'd be interesting though that maybe some of the people that are in the third world that have not had a chance to visit America would believe in the dollar so much. For now, the dollar is a better currency than the other currencies around the world because it has the benefit of having... It's a tallest midget. It also has a US army to defend it. If a country wants payment for its oil and other currencies, it gets invaded and an extra human is put in place. That's a major difference. We can print faster than anyone else and still effectively not devalue or we can control the devaluation

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