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We're going to get out of this mess by four decades of rot.

It's going to be a painful rot. It's going to be a painful rot.

It is going to be a carcass rotting in the sun for four decades.

And I make an arithmetic argument for why that has to be the case.

Hello, everyone.

Welcome to this Off the Cuff podcast.

I'm your host, Chris Martinson of Peak Prosperity.

And today we are going to be discussing something called The Year in Review.

This year, its title is 404 air with its author.

Dave Collum.

Dave, hey, so good to be talking with you again.

As usual, it's our, now our annual event.

But a lot of listeners don't know. We go back probably 25 years, right?

We go back to the Prudent Bear chat board, correct?

Yep.

And that was back. It started in the very end of 99, and then we wrote it through the whole dot-com bust and, you know, buying gold.

And you made the funny comment once that people would say, well, it was easy to buy gold back then because it was so cheap. And we both laughed because it's like, well, it was cheap because

there were five of us who wanted to buy it. Yeah. You know, and so, it was really, to really be a

contrarian, you got to have balls of steel. I mean, you really, and you can't be totally alone.

...