Dave Collum: Things Are Not So Apocalyptic, But A Moderate Doomsday Scenario Looks Probable
Geopolitics & Empire
Geopolitics & Empire
4.2 • 568 Ratings
🗓️ 24 April 2021
⏱️ 40 minutes
🧾️ Download transcript
Summary
Dave Collum assesses the state of the economy, the actions of the Federal Reserve, and how financialization has distorted the price of everything. He talks inflation, why hyperinflation is not likely, and why the silver short squeeze may succeed. He has a sober view on Bitcoin and why sovereign states will keep trying to rein it in. He feels the cashless society is a hill that requires dying on and that Central Bank Digital Currencies will lock citizens into a total control system. He comments on the Biden-Harris administration and how they are doing a good job of splitting America apart. Finally, he gives some thoughts on how to do well on the road ahead.
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About Dave Collum
*Podcast intro music is from the song “The Queens Jig” by “Musicke & Mirth” from their album “Music for Two Lyra Viols”: http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)
Transcript
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| 0:00.0 | Geopolitics and Empire is joined by professor of organic chemistry, Dr. Dave Collum, who teaches at Cornell. |
| 0:06.0 | Dr. Collum is well known outside of his profession for his thoughts on everything from the economy and investing to politics and the meaning of life. |
| 0:14.0 | He produces a very popular annual year in review and is featured on many media outlets. |
| 0:19.0 | Dr. Collum, how is 2021 and the new abnormal treating you? |
| 0:24.4 | As to be expected, I guess is a good answer. |
| 0:28.1 | It's still rough. |
| 0:29.9 | Still rough. |
| 0:31.2 | All right. |
| 0:31.6 | Yeah, same here for me. |
| 0:33.1 | I wanted to get your big picture view of what's going on in the economy, politics, and the culture as well. |
| 0:39.3 | I feel we're witnessing a collapse of not just the economy, but a breakdown in society and culture |
| 0:44.6 | and the disintegration of democracy and our political systems. And since you speak a lot about |
| 0:51.5 | the economy, I guess we could start there. I think you've been bearish on the economy |
| 0:55.5 | since like forever and with good reason because everything seems to be manipulated. The Fed, |
| 1:00.8 | Wall Street, precious metals and so on. Everything seems to be in the bubble. Money printing has |
| 1:06.4 | gone full Zimbabwe. I've got my Zimbabwe note here. And I'm wondering if someday the U.S. |
| 1:13.4 | dollar will get to, you know, we'll get a million dollar U.S. note or even perhaps a trillion |
| 1:18.8 | dollar U.S. note. But John Rubino from Dollar Collapse, who's been a frequent guest on this |
| 1:24.9 | podcast recently posted a great article saying that we're in the |
| 1:28.5 | middle of a worldwide sovereign debt bubble collapse that no one alive today has witnessed and that |
| 1:33.2 | hasn't happened in the century so kind of you know where are we we're in the eye I have the storm |
| 1:38.5 | you know what's going on with the economy today yeah I'm not sure I agree with John 100% on the |
... |
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