The Myth Of Dark ATMs And The Fed's 7-Year War On Savers

Michael Covel speaks with David Stockman on today’s podcast. Two things caught Covel’s attention: Stockman’s book, The Great Deformation: The Corruption of Capitalism in America, and his comments about President Woodrow Wilson. Covel explains. Covel and Stockman discuss his Woodrow Wilson piece; how Wilson brought the US into World War I and how the pain of the 1930’s and the pivot point of the 20th century was connected; why the ATM’s going dark in 2008 wasn’t a true possibility; zero interest rate policy and how we’re forcing people to spend down principal; and how the Fed can generate massive bubbles.

Via David Stockman Interview with Michael Covel on Trend Following Radio | The Trend Following Blog of Author Michael Covel.

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