Disaster Is Coming To Financial Markets?! | Dave Collum

Dave Collum is the Department Chair and Professor of Chemistry at Cornell University. In this conversion, we talk about the economy, inflation, stock market, investing outlook, politics, Trump, Harris, Vance, Walz, RFK Jr, geopolitical analysis, and how you can start to think more independently.

TIMESTAMPS:
0:00 - Intro
1:50 - US economy is tanking?
7:06 - How to get the real inflation number
10:10 - Economy is not creating wealth?
17:00 - Unfunded liabilities
19:10 - Does the national debt matter?
22:37 - Balancing the budget is never discussed
24:50 - Trump and Harris moving to the middle
26:55 - Trump and Harris economic plans
30:58 - President: will of people or what they actually think?
35:18 - Dave’s preferred Cabinet
36:48 - Who should be Chair of Federal Reserve?
39:08 - Are we in a recession right now?
42:51 - Economy disaster incoming?
48:20 - Understanding historical valuations
57:10 - Legendary investors
1:02:30 - Totalitarianism overview
1:05:30 - Climate change movement
1:11:15 - Spending on solar farms, wind turbines, etc.
1:14:14 - West is its own enemy?
1:19:57 - Evaluating politics today
1:22:25 - Vice president candidates: Vance & Walz
1:34:36 - History of free speech and media
1:42:15 - Elon vs. Brazil, US vs. TikTok
1:48:15 - “Never bet against the magician”
1:53:30 - Find online

Follow Pomp on social media:

#AnthonyPompliano #Pomp

[dubsdube]

Whenever I see Dave on a podcast, I tune in!

[CurtisRoyArt]

I never watched a 2 hour youtube discussion before. Thanks guys!

[Monchkrit]

I really enjoyed this interview. At about 58 minutes, after explaining the very low returns on investment in equities Mr. Collum gives a hint why that is the case. That is where he explains his invitation first class to speak at a conference. You see, when the rich siphon profits instead of using capital to increase productivity, companies can't grow. That's why prices never go down on durable goods, service fees, taxes, etc. They might be able to innovate but that is simply not enough to be considered "capitalist". Instead, they coax investors to swim in a house of mirror where they get their pockets picket at every turn in a mad dash to outrun inflation.

[stacyliddell]

Not only is the CPI nonsense, they have changed the way it's calculated over time which biases the number downwards. It's a complete and utter sham.

[evacaldwell]

Amazing ! What a smart guy. Learned a lot from this conversation. Thank you

[hansgerber]

Thanks for bringing him on Anthony !!!!

[glizbpr]

Awareness buys time, time buys options - until it doesn't. Thanks Dave for your insight, understanding, and awareness.

[teakaymania]

How the fah is a chemistry professor this knowledgeable and connected?!

[mariusrotterdam]

Hi, it's a great podcast with a lot of information. I'm enjoyed my time listening to your conversation with your quest. I can't kind of understand everything but there I find more about things that matter in our lifetime. Books are not my thing ever but podcasts are a great dynamic information to me. Keep doing this! 🇱🇺🇱🇹😎🤟💯

[willierodriguez]

Amazing episode. Always good to see Dave Collum

[kellyann]

who remembers Pomp in the hoodie days? now with that American flag on his suit everyday, I get future presidential vibes lol 🤘🏼

[robv]

Dave!!! Best guest ever!! He is absolutely the shit!

[aaronsullivan]

5 min in and he’s right on the mark. Kudos…

[FluffyBunnySlippers]

AI is not really artificial if it can’t learn without initial human knowledge

[WinstonSchnauzer]

Pomp, love, love, love your content. Love how you think and your reasonings; always on point. Very often I say “Bang Bang for President!”. But this one stream discussion, hurts your brand more than it helps it.

[Sergio_M]

The debt doesnt matter, until it does.

[Luis-jkqo]

Well done, and a great introduction. It is interesting to hear different points of view with a strong position.
Is always a pleasure to watch/listen to your content!
thanks!

[OpusOne]

✍️🍏 Fascinating conversation, two talented minds conversing about their entangled respective interests, passions and just stuff. Great content! Thanks Pomp (and Dave Collum) for another great video… 😊👍

[brianrichards]

The CPI includes things (or are added to the CPI when the numbers don't fit the narrative that inflation is falling) like paperclips, which have either remained the same or declined in the last 3 decades. The CPI does not include taxes. My tax rate is approaching 40%. (and I don't live in California...my tax rate would be 50% +/- if I still lived in CA)

[PhilipWong]

The U.S. tax system is divided into federal and local taxes. U.S. laws do not allow the federal government to fund local governments unless it is an emergency. The federal government is financing its large budget deficit by printing money, which local governments cannot do. In 2024, 50 of the 75 core cities in the United States are running a budget deficit and heading toward bankruptcy. They have to raise taxes or they won't be able to pay their firefighters, schools, and police. Rich Americans living in these cities (Musk moving from CA to TX) are moving to cities that are not facing bankruptcy. The inflation rate may have been lowered, but prices remain at inflated levels. The U.S. dollar has devalued over 98% from its original value of $35 per ounce.