The U.S. Is Headed Off a Cliff

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 3 June 2024

⏱️ 92 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's Stansberry Investor Hour, Dan and Corey welcome Dave Collum back to the
show. Dave is a professor of chemistry at Cornell University and associate editor of the
Journal of Organic Chemistry. He's outspoken about many topics and issues ranging from
finance to politics and everything in between. And he brings this same no-holds-barred
attitude to today's podcast. Dave starts off by discussing the link between vaccines and autism, why "live" attenuated vaccines are better than "dead" ones, and the effects of the COVID-19 vaccine. He specifically mentions how children in the U.S. receive about 72 vaccinations during
childhood, while children in Europe receive only three. He also argues that the war in
Ukraine is a direct result of NATO interfering and forcing Russian President Vladimir Putin's
hand. (5:31)

Next, Dave talks all about the U.S. government. He breaks down why the U.S. has never
supported burgeoning democracies abroad and why it's a better move geopolitically for the
country to work with a single leader or a select few in power. He compares President Joe
Biden with former President Donald Trump and asserts that Biden wouldn't be able to make
tough calls in a time of crisis. After, Dave makes his case for why we're headed for a 40-year
bear market that will drag down Americans' standard of living. (24:27)

Lastly, Dave contends that AI risks taking the human element out of everything, dampening
creativity, and cluttering scientific literature. He then discusses the role of pedophilia in geopolitics and the prevalence of child trafficking. And he leaves younger listeners with some sage financial advice. (45:39)

Dan and Corey close the show by discussing the Federal Reserve's preferred inflation gauge – the core personal consumption expenditures ("PCE") index. The newest core PCE data shows that inflation has stabilized at 2.8% for the past three readings. Even though this is down from much higher levels in 2022, Dan and Corey point out that everyday consumers are still struggling with far higher prices while their paychecks don't keep pace. (1:11:12)

Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm Dan Ferris. I'm the editor of Extreme Value
0:05.0	and the Ferris Report, both published by Stansberry Research. And I'm Corey McLaughlin, editor of the
0:10.2	Stansberry Daily Digest. Today we talk with David Collum, chemistry professor from Cornell University.
0:16.2	And Corey and I will talk about the personal consumption expenditures index.
0:21.5	And remember, if you want to ask us a question or tell us what's on your mind, email us at
0:25.1	Feedback at InvestorHour.com.
0:27.3	That and more right now on the Stansbury Investor Hour.
0:35.2	I cannot wait for you folks to hear our interview with David Collum.
0:41.3	David is an old friend.
0:42.5	He's been around the show a long time.
0:44.0	He's been around Stansberry on the podcast.
0:47.0	He's spoken at our conferences.
0:49.2	He's a brilliant guy who takes deep dives, not just into the scientific issues that he does by trade but
0:58.8	into all kinds of social and economic and financial issues as well a fascinating individual
1:07.1	wouldn't you say Corey yeah I'm fascinated to what what he's going to say here um chemistry
1:13.4	professor by trade as you said but um pretty outspoken about all kinds of different uh topics and issues
1:21.9	finance political and everything in between yes we talked a lot about a lot of things and a little bit of finance,
1:30.9	but all kinds of other topics.
1:33.1	I don't want to give anything away,
1:34.3	but Dave is known to take really,
1:38.1	to take his time looking into all kinds of political and other developments.
1:44.1	And if something big happens in the news, like a shooting or a, into all kinds of political and other developments.
	...

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