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Bestselling author Michael Covel is the host of Trend Following Radio with 15+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. 1200+ episodes.

May 13, 2013

My guest today is Jim Woods, a 20-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor. Jim is the editor of Intelligence Report, Successful Investing, Bullseye Stock Trader and The Deep Woods (formerly the Weekly ETFReport).

The topic is his book The Wealth Shield, A Wealth Management Guide: How to Invest and Protect Your Money from Stock Market Crashes, Financial Crisis and Global Economic Collapses.

In this episode of Trend Following Radio we discuss:

  • Zero interest rate policy, or "ZIRP", and why normal people are taking on more risk to get the same returns
  • If another 50% meltdown happened in the S&P while rates were at zero, what might the chain reaction be? Would you be prepared trading wise for that?
  • Technology taking away the need for human capital
  • The power structure in Washington
  • The societal implications of ZIRP
  • What the stock market might do if interests rates went up
  • The concept of "blowback"
  • The importance of having a plan
  • Protecting yourself, and the eventuality mindset
  • The US as a "prison" banking system
  • The importance of investing in other currencies for beyond trading reasons

Jump in!


I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here:

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