Shaun Newman Podcast - #1116 - Dave Collum

Episode Date: August 25, 2026

Dave Collum is the Betty R. Miller Professor of Chemistry at Cornell University. He earned his BS from Cornell and PhD from Columbia, then spent over 40 years at Cornell leading research in organolithium chemistry and serving in major departmental leadership roles, with collaborations at companies like Merck and Pfizer. He is also known for his sharp, contrarian annual Year in Review essays on markets, politics, and culture.Cornerstone Forum 26’https://shaunnewmanpodcast.substack.com/Silver Gold Bull Links:Website: https://silvergoldbull.ca/Email: [e-mail] Grahame: [phone]Bow Valley Credit UnionBitcoin: www.bowvalleycu.com/en/personal/investing-wealth/bitcoin-gatewayEmail: [e-mail] Get your voice heard: Text Shaun 587-217-8500

This is Brett Weinstein. This is Tom Lomago. This is Bruce Party. This is Alex Krenner. Hey, this is Brad Wall. This is Dr. Pierre-Core. Hi, this is Frank Paredi. This is Danielle Smith.

This is James Lindsay. This is Vance Crowe and you're listening to the Sean Newman podcast. Welcome to the podcast. Folks, happy Tuesday. How's everybody doing today? I've been on an adventure around Ottawa. I've been meeting some really cool people and that has been a lot of fun. I'm sitting with Melissa.

and Rob McKee currently at their place. So if you're a fan of the Bikers Church, you get what I'm talking about. And they have been hooking us up with a lot of different things. It's been super cool to be back in Ottawa. I've been getting asked that a lot. You know, how's the time been back in Ottawa?

And I don't know, like Ottawa itself, the city is just bricks and mortar and different things like that. But some of the people we've ran into, super cool. If you've never been to the Bikers Church, I highly recommend it. It was a cool experience and continues to be a cool experience.

I got shown around again this morning by Melissa and saw a couple extra things that I missed while being attending church. So if you're in the Ottawa area, I suggest you stop in and see the two of them. Once again, super cool. Now, for today's podcast, when it comes to precious metals, yeah, I'm going to point you back to Alberta's own Silver Gold Bull. They're North America wide now. If you're in a Costco, you're going to see it. And whether it's buying, selling, or storing precious metals, silver gold bull can get you helped Graham. Graham's down in the show notes. You can text or email them for more details.

Love's hearing from all you guys. Silvergoldbull.ca. Silvergoldbull.com. Rec tech. I'm going back to my hometown. All right. So if you're driving through Lloydminster, one of the unofficial border markers is rec tech. Rec tech power products. They've been around for over 20 years. Over two decades. Don't date Al and his team. They're wonderful. And if you stop into their location, The showroom there has a little bit of everything. Melissa was saying to me, McKee, that is, that she thought Princess Otto was a man's store. To me, when it comes to power toys, rec tech,

we're talking lun fishing boats, side by side, quads, skittos, all the toys. Yeah, that's rec tech. It's a fun store. And if you get to that neck of the woods, you should stop through Monday through Saturday. They're open. You can stop it and see Ryan, the manager. they can give you a tour of the place,

test drive a couple things if you get the time, a ton of fun. Or you can just go to, if you're further out, you can also just go to rectech power products.com and see everything they got there and support a great company and a great team there, Al,

and of course Ryan, the manager. Planetcom, when it comes to nefarious actors online, Planetcoms, who stops that? Yeah, planetcom.com.com. dot CA. I had my run in with a lot of different things, losing a website and becoming a Chinese gambling site. Yeah, if you don't want that to happen to you, well, for over two decades, 23 years, Planetcom has been here to help protect you, boost your productivity, all the wonderful things. You've got a website, need a website, they can do that, you need security, they can do that,

you need a store, they can do that too. So planetcom.com.com, they're based out of Shored Park, head on over there, say hi to Carl and the team. And then the road trip is powered by. by Zeebs. They're out of Chesterner, Alberta. That's Zane and his dad, Brian, Zeebs, performance restorations. They deliver expert classic car restorations, custom exhaust, and performance upgrades that keep your ride reliable and roaring. You can visit them at Zeebs.ca. For anyone on the, paying attention to the road trip, we are in Ottawa. We're heading to Lord Willen. We're heading to Montreal today. And we'll see if that comes through. We've got some, uh, tweaks being done to the vehicle getting a couple things fixed up.

So we should be in Montreal by tonight is the goal. And if you're wanting to fall along with a bunch of things going on with the podcast, substack seems to be the best place. We have the week in review every Sunday. All the episodes being played there, it's free to subscribe to. For paid subscribers at the end of every episode here moving forward, we've been doing bonus questions, so that's an added bonus. And for those asking, there was no mashup.

2-2-2 because twos was working and so this Friday we'll have mashup 2-2-2 as long as twos can find his way there all right once again substack there we posted about that so make sure you head on over there and become a free member or once again you want to support the podcast become a paid member and get access to tanner in today's master class on the life of paul or some of the bonus questions from each guest as we go along on the road trip. Okay, that's what I got for you today. Now let's get onto that tale of the tape. Today's guest is a professor of chemistry at Cornell University. I'm talking about Dave Collum. So buckle up. Here we go. Welcome to the Sean Newman podcast. Today I'm joined by Dave Column. Dave, thanks for let me in your house and doing this. And me calling you last night going

yeah, I've had the rough day. Everything broke down. I sat in the rain. We got her fixed. I'm coming to your house tomorrow. I don't care what you're doing. You're going to sit down with me because I'm here and everything's gone wrong and we're going to make one thing go right. So thanks for, thanks for doing this. Yeah, I got your text message says I'll be there 15 minutes and then you said my truck just broke down, my camper just broke down and I thought, oh, I once had that happen to me in Zurich and not speaking German. That was a serious problem. Well, I appreciate you're getting. me. Well, you're getting, you're getting inside how the, how the sauce is made as I mess things around. You were asking, was there a breakthrough moment? Right. In your podcasting history,

yeah. To me, at the time, it didn't seem like it, but it certainly was. It was the worst show I ever did. I thought this, I can beat that. I can beat that. I'm talking live event. Worst live event I'd ever did. I brought these two guys to Alberta. Maybe you've heard of them. Tom Luongo, Alex Craneer. It was in June. The city of London team of 2023 to Lloyd, Minster, Alberta. And as McKell Thorpe would say, two hours east of the edge of the world, right? Like right, to the middle of nowhere. And I'd had a sellout show in Lloyd, everyone I'd done there. And the only one I hadn't had a sellout was when I went to Emmington for one. And that one was not a sellout. That one had, I think, 140 people at it. I was distraught. I think I lost money or if I broke even, it was by a miracle.

But what I didn't understand was that Silver Gold Bull was in attendance, Bull Valley Credit Union was in attendance. On one point, a guy with a private plane was in attendance. And what that built to was Silver Gold Bull, Bull Valley Credit, U.S. Union becoming title sponsors of the podcast of the Cornerstone Forum, right? Because they came to a show in June and went, who the heck is this guy? And what the heck is he doing? I mean, I'll leave that for Nick and Brett to say more on someday. But certainly I thought it was a, I thought it was the low point of the podcast.

I took eight months off doing any live events because of that. Tom, you were the low point in the podcast, just for the record. It's funny. I mean, like Tom and Alex then have come back. I was your first time. I was just on with Alex a week ago. Yeah, on Mike Ferris. I listened to it on the way here. Alex is a very entertaining.

Tom is too. Tom's entertaining at a real high pitch. But Alex, Alex, you got to sit there and listen to him and be patient. And he has sort of deep thoughts. Well, he comes from Croatia, Europe, right? Croatia. Yeah. So, like, it's just a different cadence even of speaking.

But he also brings the Eastern European understanding to the story so that if we're talking about issues that we think are relevant, he says, by the way, here's what happens in that situation, right? So, yeah, I enjoy chatting with Alex. Well, I should point out for Tom and Alex. They've been to Canada now three times, and last year we had 700 people, and it was sellout. Going to have to get there.

I mean, Dave, you know, to the audience, they don't know this, but I've asked Dave the last two years, and it just hasn't worked out. Traveling's tough. I have a good excuse. But I will at some point, yes. Well, here is a gift from the other side. As I told Susan Kokinda, I only have so many of these to give out on a road trip. Normally, if anyone comes to the podcast studio, we give out a one-ounce silver coin.

I was hoping it was platinum. Yeah. Well, it's a one-ounce silver coin. from silver gold bull so there you go i love the swag i mean i actually get a lot of swag usually it's a mug or something this is fantastic do you uh collect any uh precious metals do i own them i own a ton yeah oh yeah yeah it's interesting i bought them um with cash starting in 99 and and um stunning amount considering if you had to buy them with cash now the feds would be down your throat, but I could just go the bank with a couple thousand bucks,

go buy a handful of ounces of gold for, you know, I was paying spot because they couldn't give the stuff away. People say it was really easy to buy gold back in 99 because it was so cheap. I go, it was cheap because five of us wanted it. No one else wanted it. It was really, and at one point, a friend of mine who did a startup had made many millions of dollars when he sold it to Metler, I said, I said, Alan, don't. don't dump your money in the stock market.

Whatever you do, it was early 2000. I said, don't dump your money in the stock market. You're going to get crushed if you do. And then I saw about a year later, and he says, what are you doing now? He says, you called it. How did you know? I said, because the script has played out many times. The markets were mathematically insane by historical metrics.

You couldn't win. And he says, what are you doing now? And I resisted answering because it was embarrassing. to say you were buying gold. And I finally tell him, I said, gold, he goes gold. And a couple of years later, I saw him again. He says, you got it right again. Well, we had just started, right?

So then I was also buying it inside accounts. This was really ridiculous. When gold was going from 290 to 280 to 270, it hadn't bottomed or it double-bottomed, I think. Chris Martinson pointed out that the lowest was actually in, I think, 98 or 99. but it sure felt like the low in 2001. It was up above that by about a buck, I think. But I was buying Central Fund of Canada when gold was in that high 200s range

when it was trading 28% below nav. And so you can do some quick math. That's like 220 an ounce. And then I just hung on to it. I just hung on to it. So it was a chunk of my net worth. it became a bigger chunk, just by patiently not selling. Back then, what was it about gold when only five of you were buying it?

Well, it started with Y2K, and people laugh at that, and they think, oh, that was stupid. I go, no, risk is not what happened is what could have happened. And so, you know, you wear seatbelts. Not because you don't get home and say, oh, what an idiot, I wore a seatbelt. You know, oh, what an idiot, I have life insurance, I have, home insurance. and I did the math. A friend of mine was a Goldman, and I was a tech bull. No one believes that.

They go, Dave, it was never a bull. I have not been a ball for a long time, but a friend of mine who founded Goldman Software Group. Think about the foundation level that guy was at. He founded it. He was my fraternity brother. He asked me one day, you know, what's got you so creeped out? It was probably 2001, 2000. No, it was May 5th, 2002.

He said, what's got you so creeped out? Things happened in markets. And I laid out the subprime crisis. And it's on record. It's not my website actually. And it's unedited, unredacted email, about a five page email, which I laid out the whole general electric is gonna go down. The banks are gonna go down.

And I wasn't looking at balance sheets. I was just listening to smart people and just parroting what I was hearing going, this sounds bad to me. And so, so I started with Y2K. So back to Rick, in 98, I'm sitting there with Rick, and I said, at one point I'd make a call, and the secretaries says he's not in the office right now.

And I said, get to know secretaries of these guys because they actually know everything. I said if Rick if Rick has an investment idea that he'd give to his grandmother don't hesitate to drop a dime and about 30 minutes later

she said he went through the office I posed that question to him and he said rational software this is like some TV movie right you know blue anaconda or whatever and I said you mentioned that whole grandmother part

and she said yeah I did actually And so I bought rational software not knowing what it was. It was this object doing it's software. I don't know anything about software. But I said, the smartest guy I know in the business who has no reason to lie to me, just told me to buy that. So I went into a retirement account and bought twice as much as I thought I should buy because I said, okay, yes, I used to size it a little.

I didn't have much money then. So I'd been accruing, I've been a good saver, but, you know, as a faculty member, that still wasn't going to build a huge nothing. stag and uh and then it went up like uh god i can't remember now went up something like threefold and uh and then we had i'm thinking what do i do now i don't know why i own it right and and and uh and i said oh we got reunion weekend coming so i i said rick what do and he had forgotten about it and you could see him going into analyst mode where he sits there and he all of a sudden he's not my friend rick anymore he's analyst rick and and then he says you know you could start taking

profits. And Monday morning, I just sold it. I just said, boom, blew it right out. And from that morning on, the thing marched back down and gave it all back. And I realized that what I probably did was woke him up to that. And he probably walked through the office and said to his secretary, tell I preferred customers to start taking some profits on rational software. My guess is I triggered that and then it got actually a buck lower than I bought it and I said what do I do now he says don't buy it and then it went up fourfold from there and so I realized no one knows what they're doing but during that discussion and 98 with him I asked him about Y2K remediation and well that was a good investment and he said something to me that rattle my cage he said well if you haven't started it's

too late and I go what because I know some people must not have started So I started going through the whole supply chain logic that became real during COVID, right? And I was on this site called Time Bomb 2000, which was the site that people were going to to discuss the end of times, right? It was really end of days sort of discovery. People were canning butter and stuff. Some guy archived it all. You can still find shards of that chat board. I was, I'm like Dave at Cornell.edu just, you know, made up a name or I can't even remember.

But we're all chatting. And somebody said something really important. They said, never make a bet that requires a disaster to work out. Because you don't want to be, if we don't have a disaster, I'm screwed, right? So twice I shorted the market, twice I made money. And now after that, I said, never do. that again. Never, don't, don't short the market. It's, this is for fools and pros, and they're one and the same. So, um, so I'd never short it again. Not quite right. I actually tried to short the

bond market just with some Ritex fund because that interest rates can't go below 4%, you know, that sort of thing. What old did I know? A guy named Gerard Minnick said, don't do it. He was at Morgan, I think it was Minnick who said, don't do it at Morgan Stanley. This is back when you could email famous guys, they'd answer you. I still get pretty good answers, but, but, uh, I met guys like records and something. I just sent him an email, Jim, uh, Chris Whale and these guys, you just send him an email say, I'll write your article, thought it was cool.

Um, and Mark Gilbert at Bloomberg said, don't do it. And I did it and started getting punched out immediately. And I said, I'm out. It wasn't tracking the bonds at all. It was a rip Dave off fund. And, uh, so, um, So in any event, it was Y2K, and then nothing happened. So I didn't realize at the time.

It took me years to realize it was a complete rip-off. And I've had software guys, including a guy, I was a CEO of a small software company, say, no, we fixed it. I go, no, that can't be true because there would have been little explosions around the world of places that can't get their shit together. And there were none. We were just made fools. And so it was a propaganda machine set up to sell software and hardware, period.

that it had to have been that and then and then i remember again am yard denny who also got sucked in big wall street guy he he went down that rabbit hole deep and after it was over nothing happened he said i went down a dead on path didn't see it yard denny hasn't made a tough call since he is not he has not had the balls to go against the current ever since then he got burned badly on that COVID shows up, just for the record, way, way forward. And the second it showed up, I was hit in the grocery store, toilet paper, protein, things like that, fill in the freezer, things like that. I said, I know that I've done the math on this one.

I've done the analysis. I've thought through all the details of supply chain disruption. And again, it wasn't catastrophic because at some level, that was a scam. because they shut down all the mom and pop operations, but not the big ones. But we were a lot closer to a disaster on that one. And so in any event, so after I bought the gold, I dipped into your old world, and I was trying to figure out how to fight inflation, because I thought headline inflation would become big.

Now, we all know inflation's way worse than they say, right? It's one of the big lies. but I just said I need to fight inflation so I said commodities right so so around 2000 2001 I said I got to so I actually called Jimmy Rogers's partner got him Clyde Harrison about the Rogers raw materials fund and we spoke for like two hours and we talked about life and everything and that guy was great to talk to and then I talked to one of their market makers but I didn't like the fund was all options derivatives and that that's just that's the deep end of the pool for me and I just I just

want some guy that knew how to invest in generic and and so instead I just put a lot of money into into about six fidelity funds that were pretty materials energy related and and kept adding to it so although the 90s as a tech bowl was phenomenal and I because of Y2K by mid-99, I was out of everything. Absolutely not a share of a mutual fund, not a share of a stock. Liquidated Dell with a 700% gain. Liquidated Warner Lambert with a 400% gain. Liquidated WorldCom with a 700% gain. But WorldCom back when it was a tiny little company in Mississippi from a friend who said, oh, you got to buy this little company. It's going places. Yeah, the guy was going to prison. But so I had phenomenal years in the, and the,

the 90s, but my best decade was actually the knots, in my opinion, because I owned energy and gold. And it's not that the absolute returns were anywhere near like the 90s, but while my peers and the pros were getting killed by the dot-com bust and then the 0809 bust, I compounded 13% a year. And so you don't need more than one decade like that to get on the map. So in 2009, I wrote this up. I was on chat boards with Adam Taggart and Chris Martinson and some guys from Fidelity and some of them you didn't know who they were until they fessed up and you go, oh shit, well, you run two funds and Fidelity with you. It's right? And Goldman guys were there and there's about 200 of us. And I wrote something up and it went kind of bananas where all of a sudden and said I get in 200 clicks because there were 200 of us.

And we were just chatting about the world ending and stock going to shit. and stuff like that. And then I decided after 30 years, which was 2009, I'd write something serious. I said, the reason I started writing is because I want to make sure that my wacky views, and these are wacky views, right? When you're out of every mutual fund in 99, you were going against the current. And I started asking, are these contrarian views also causing me to have contrarian returns? and it turned out I did obviously really really well and it was there's a lot of dumb luck right

I didn't know we're going to have a commodities boy I was just trying to beat inflation it was that simple it was that mindlessly simple and and and and so but I did see some stuff coming so I wrote about the subprime in O2 in an email to Rick and then in class In March of 2007, I'd turn around to the class. I tell horror stories in class. I've gotten in trouble a couple of times, but I turned to the class. I said the banking system is about to blow up completely. I said you might go to the bank and not be able to get your money.

It couldn't get that bad. And they looked at me like, what are you talking about, right? It stunned me in March of 2007. It seemed so obvious that this crisis was coming. And then what it take another year and a half for it to really pick up steam? And they say the markets are all knowing, you know, the efficient market hypothesis. I go, it was right in front of us. I mean, it was right in front of us.

You were getting ninja loans and 125% mortgages and everyone was getting two houses. And I go, there's nothing about this that's normal, right? Just like there's nothing about a $1.7 trillion IPO, right? that sells, that a bunch of companies selling products to each other, right? This is, this is going to end so, so poorly, but I don't know when, because the markets are not efficient at all. And so I turn to the class and tell them this, and then just by chance, two years later, I had them in an honors thesis course, which was about a dozen chem majors who are at the top

of the class, and it was one hour a week, and you have guest lectures. And the first day, I said, and we were right in the middle of, it was February of 2009, right? This was the world was ending moment. It was actually January of 2009, probably. I said, I told you the bank, because this was going to collapse, didn't I? And they said, yeah, you did because they were in my class two years earlier. And I said, did any of your econ professors tell you that? And they said, no, because a lot of them double major, it turns out, because the math overlapping, you know.

And I said, what are those assholes paid for? Right? And I went to a symposium at Cornell where they brought in guys from the New York Fed and stuff to talk about what was happening. I remember talking to a guy from Yale who's supposedly a real estate expert. He says, I don't know why I didn't just reprice. And I said to him, I said to him, well, no one knew what was in those tranches, and it happened too quickly. And he goes, yeah, I guess you're right. And I'm going, really?

That's it? That's all you needed to hear. And then some guy, I was talking about China exiting the bond market, the risk of them exiting the bond market. And some chair professor at some school said, what do you mean? I said, well, they're getting closer to the door. They're shortening up the duration on their bonds. If you got 180-day paper or something, you're 180 days from being.

out. You're out of the game if you want. If you shorten up your duration. He goes, yeah, I guess you're right. And I'm going, these guys don't know anything. They really, this is, I'm getting this off the internet. It makes you wonder, Dave, because I was coming in with a question relatively like this. We were talking about some different people in the social media sphere, right? Right. And how, and how they're, you know, like, you know, how many times I hear. right now. Not specifically about you, just any guest. If they say certain things, they're bought and paid for or they must be.

By the way, I do have a price. Someone can send me a check. Right now I'm paid what I'm worth. Well, $60. That's pretty good. It's just, it's interesting because we, one of the things I want to do on the road trip was I wanted to run into it. That's why I like get yesterday.

I'm like, I'm like, I'm coming to your. your house one way or another i'm shaking your hands i offered to have you and your kids stay here and you said oh my god you'll drive us we'll drive you nuts i said i got three grandchildren i know how to torch a house i don't think i was in any state of mind to be here right correct you didn't want to have to be hurting your kids i correct i didn't want to i didn't want to in hotel you could say have a pillow fight you know break the lamps i don't care they had two it was a it was a it's like 10 minutes from you when i looked up this morning i'm like oh my goodness where do you stay you stay What?

Kayaga Blue. Kayoga Blue. Okay. It's got two pools. It got an indoor and an outdoor. So the kids ran back and forth from it. It actually worked them out pretty good. But,

um, no, what I was going to say is, you know, like the amount of people, I think people are bought and paid for or, or I don't even know what it is. I think they don't cost it.

So here, so I have a skill. I have one skill that's, that's, that's, that's indispensable. But probably gets me in trouble. occasionally, but I happen to be in a field of chemistry. I was told that I would destroy my career

by going into it. I would never get funded. And some of that was Schadenfreude, some of it was sympathy. I had colleagues who were concerned, but intrigued. And I almost did fail. And it turns out lithium chemistry, so people always think lithium battery. But it turns out lithium is the most important metal in organic chemistry. That's demonstrable. If there's any chemist listening, saying, no, it's plodium. No, it's not. And I can make the case. And it turns out, the molecules are very reactive, they're central, it's extraordinarily complicated. The interaction of the solvent molecules, which you would call the oil industry, right? And it makes it super complicated. So people said, you're never going to figure it out, or, you know, they thought

they understood it and they didn't. And they didn't think I could get it paid for. And after a real near-death experience where I even put it, I put it, I was putting in grants and they were bouncing. And then I finally, finally broke through. And then I went 21 in a row funded. Now at a 20% funding rate, you know, point two to the 21st power is, is a very low probability event. And And so I went the rest of my career without bouncing a grant. And because it turns out it was relevant to pharma. So my real, really big interest came from pharma because they were using these things and going, we got a process that's going to make us a billion dollars, but it's fucking us.

It's giving us real shit. And we don't understand. Could you take a peek at it? Could you troubleshoot it? And the real breakthrough for me was a Merck collaboration that began. became sort of famous where we took what looked like an intractable mess and said, oh, it's this beautifully logical chemistry underneath the surface of york. But it required looking at the problems using a multitude of tools, right?

It's like a renovation carpenter who has all the tools they need, right, that you're in position to do it. No one else was doing that. was nothing that anyone had ever told us turned out to be correct. Nothing. And these were guys who were trying to get it right. And just the stories were wrong. There were some really fundamental assumptions wrong. And what it gave me was the ability to look at a world of experts and say, I think you're all full of shit. You know that meme where one guy staying there in front of a huge crowd and he says, you're all wrong? Yes. I've used that one. And, you're

And so I can look at 12 central bankers and say, I think you guys are full of shit as a non-banker. And most people don't have that ability to just, you know, screw you. I don't care what credentials you have and I lack. I think you're full of crap. And that has played favorably more often than not. And you certainly need it to be a contrarian because when no one wants to buy gold,

and you got to say, I think you're all wrong. And that's so. Contrionism is hard now, though, because the markets move so quickly that the minute, by the way, I got an email from a close friend who's a very famous guy who said, I bought platinum three days ago. For two years, he's been talking to me about buying platinum

and not buying any, he said, I just bought platinum. So if the world gets wind that he bought platinum, the world might start buying platinum, so, for the record. Well, silver gold bull, if you're listening, I'm sure you have platinum there too. So just throwing that out there to the audience and everybody else. I go back to, I want to finish this thought with you, you pulled me. You go, the contrarian part, telling people everything, what you think,

Dave, I think it's one of the things that people really enjoy about it. That's what you did with your life going into podcasting from the oil field. But what happens is, okay, Iran, Israel, the U.S., that whole thing. Right. Then when, like people fractured to where everyone thinks everyone is being bought and paid for by some side, and there's just endless copious amounts of money just paying off every person on the sun. But I sit here and go, I didn't get any of that.

Dave, did you get any of that? You didn't get any of that? Okay. And then I tack on to it what you said earlier that you go there and all these people are a bunch of morons. Now, you were talking about something different. Right. You know, Martin Armstrong would sit and tell me, like, honestly, you think they're so smart. They're not.

And I go, we think everybody's bought and paid for it. No, they're human beings. Well, Alex talks about that too, where he talks about it. He says they're really pretty dumb. He talks about the elite in Europe, right? The elite. Well, imagine if we had copious amounts of money and we could do whatever heck we want. I mean, we could do a lot, Dave.

Right. I'm told. I'm told. But I mean, like, at some point, you know, some of the smartest people around me are talking about how they're not that smart. We act like they are. Yeah. Money can make you look smart. Sure.

Right. Right. Right. And there are probably some of them are inbred. You know, I've paid attention to the sick world of the Royals. And, you know, I think they're webtoed, you know, literally. I got it. King Charles is a total lony tone, right?

I mean, the guy was raised. The guy had four very prominent mentors in his life, and every one of them was a pedophile. So tell me, King Charles is normal, right? Statistics or probabilities would say not. Probably, probably a serious problem. But if you go back to, okay, which means that Prince Harry and Prince William, right?

you know this royal bloodline crap when you go to all the people that are talking different ways the one that has become the rock that has pushed you know if water was coming towards it it's been removable it's become a why it's been Israel it's been what's going on in Iran

it's been Donald Trump going in to Iran that right there has split everybody and then I hear both sides turn and look at each other and go you're you know I'll pick on Candace Owens because she just had the debate that Candice Owens is bought and paid for that she isn't who she says she is on all these

things maybe it's true I don't freaking know I don't know either but I'm on her team so well so then you know like and then and then you have the opposite side right like I've had it in my world that different people from the podcast are bought and paid for and I'm like I

guess I just don't see it like we live in this conspiracy world now because of COVID where every thing is there's a CIA guy hanging around the corner on all of us and some of that is just the boogie man and so some of these people have just they believe in the hope that uh donald trump once provided they think that he's trying to implement i'll pull susan kowkinda from a you know like basically a week ago that essentially he's trying to revive the american way of doing things you can

believe that or not believe that then there is the other side that gets into some of the more nefarious things that Trump is a part of the Kushners, the whole all that stuff and how it ties into Israel and a whole bunch of things down that way. And to me, one side believes that and the other side doesn't believe that. When I sit and talk to them all, I don't know if I think they're bought and paid for it by the CIA. Like I don't sit across from you and go, Dave is bought for and paid for by the CIA. Well, so, so one of the things you watch for is the dubious phrase, which I don't like, Hangout because it's a way of saying that guy sounds like he's trying to get at it, but that's just a trick.

And so that disarms people who are actually so. So if I sit there and, you know, I look at some issue that's nuanced and I say, look, I think Charlie Kirk was whacked by Israel, right? But if I show some hesitation, then I'll say and I become limited hangout. And so the limited hangout story is, and I ran into it yesterday, John Cullen and I were talking about, we're chatting about the drone story of the Charlie Kirk thing. And he went on Jimmy Doer and he presented his drone story.

The guy's got a skill that most people don't have. He really is on some spectrum or something. And if the guy was a spook, it would not shock me at all. Because he disappeared for six months. I had his email. He didn't answer. people on his cell phone he didn't answer he disappeared one guy told me the guy's the guy's still alive i thought it maybe got there was he's either dead or he got reassigned was my view and

reassigned appears to be it because then often he shows up on carrigan's podcast and that he said some stuff on carrigan that triggered Colin and i go on carrigan the next monday and um and so in any event so he he showed the drone story and the drone story looks pretty good to me It looks better than the exploding microphone story, which I don't buy because the angles are wrong. There's just parts that seem to be ignored. But why is the Charlie Kirk story so important? Well, because it's either Tyler Robinson, but I actually believe almost none of the shooters are as they appear. I lean way towards conspiracy more than most people.

and and I think you know we had something like nine shooters in a row or transgender there's a problem there that's not just the transgender community losing their shed and and so it's either Tyler Robinson and the the evidence that is Tyler Robinson versus the evidence that nothing is making sense there nothing is making sense there so so you can sit there and say look he confessed no he did and his parents told them, told the feds he confessed, no, they didn't. You can go on and on and on. I can show you videos that don't make sense. I went back and looked at my tweets.

My first tweet questioning the story was on September 10th. Wait a minute. That was the day he got shot. And I go, yeah. I said, if you think this is a lone shooter, you're not over the target. And my instincts told me that, especially when the guy jumped up and said, I did it and then it turned out it was horseshit, you know, boom, there's something going on. Why is it so important? Because if it's not Tyler Robinson, then it, by definition, is a massive conspiracy. A massive

conspiracy. It requires the FBI being involved. It requires probably Israel being involved, Mossad being involved. And you could make the argument, hey, this has always been true. So why don't you just, you know, enjoy your dinner and just let. it happened because there's always got somehow in this digital world there's those who are attracted to the to that like a bug light and and and um i have sort of a depleting hope that you could ever have an impact i one point if i understood it i could make sense of it and i could point it out it might do some good i don't think so i think i think i think to the extent the elites are gaming with us, which they always have. I don't know why they would have stopped.

I don't see a mechanism to stop them. I mean, Trump, Trump said he was going to release the Epstein files, and he said, screw you, I'm not. He just said I'm not, right? And that's it. It's over. He released 2% of the data. They talk about how he released half the files, but it was 2% of the data.

And when Bondi was asked, what about the tapes? She said, it's just child porn, you're not going to get it. That's what she said. It's just child porn. You're not going to get it. Bondi, by the way, I had written about 10 years earlier being a complete mental misfit, you know, retard, whatever you want to call. Bring retard back into the vocabulary. We need that word. And as Michael Malice, Michael Malice, when they said, referred to picking on Camalo's abelism. And Rogan said, what do you mean, abelism? What are you talking about? She said, well, Well, she's clearly a retard.

Man, he teed up Rogan for that one. So it's a very, very big conspiracy. And the idea that, you know, Israel's assassinating, prominent political players in our system, and we're still giving them money and stuff, so I'm pretty pissed off at Israel. I was a total agnostic on Israel until there's a faithful day. At one point, I think half my cows were Jewish. I didn't even know it.

I didn't care. It's not a parameter. It's not important to me. I don't care what church you go to and stuff like that. But at one point, I was on a signal call with the guy three times. And he was a Zionist. I was warned, don't be careful with that. Be careful of that.

But one day he went there. And I tried to defend Joe Sixpack saying, look, you know, Joe Sixpack is going to. getting their news from CNN. They're trying to put the kids to bed. You can't blame them for not understanding the subtleties of this narrative. So I wasn't taking a side. I was just saying, don't, he was like getting angry at the world for not understanding. I said, people don't have what it takes to understand the story, right? And he just got meaner and meaner and meaner and he ends up ripping in him. I hung up on the guy. I don't hang up on people. I hung up

the guy. And then I did some diggin. His name was Jack Schulman. That's what he claimed his name was. He claimed to be a spoke. He claimed to be involved in everything. He could talk the talk and walk the walk beautifully. I mean, he really seemed knowledgeable. So he's either a grandiose narcissist or he was a serious super spoke. The problem was, his view was Jews are Israel. Israel's Jews. There's no difference. Now, those are the Zionists. The Jews say, no, I'm not a Zionist. I've been listening to Daryl Cooper series on it. I've been reading articles on it, trying to understand Christian Zionists, Jewish Zionists,

different Zionists, and sort of the average Jew, things like that. It's a very complicated story. But this guy was not complicated. And he scared me because I'm thinking, okay, if he's a grandiose narcissist, just get an arm's free, trying to stay away from the guy. What if he is powerful? So I actually reached out, you know, I can believe this,

former president of Microsoft, Brennan Ike, who founded Brave, founded Firefox, wrote JavaScript, I reached out to a Canadian intelligence guy to say, do you know this guy? Because he was the computer geek, supposedly, and none of them knew him by name. None of them doesn't ring a bell with me. And so I don't know who he is,

but that was my first run in with a real Zionist, And he was a junkyard dog piece of shit. I mean, he really was a problem. And you know that I had an allergic reaction. We had a conversation we won't go into, but we were going to do a three-way. And I said, not going near it, not going near it. So then I went on Tucker.

I made an innocuous comment that just triggered the sinus. It's like crazy. The next thing I know I got Ted Cruz ripping me. I got Mark Levine ripping me. I got Larry Lumer ripping me. How'd you get out of the room up there, buddy? My dog just walked by. And I had Victor Davis Hanson ripping me repeatedly.

Say hi, Charlie. I have three of these. And I said, I don't like this. I do not like this. You guys are mean bastards. And I didn't say anything wrong. And so I had to kind of dust myself. I got canceled in 2020 for supporting

the cops what a crime against humanity that was um it's still a little punch drunk oh here's more sorry guys this just got interesting my wife uh missed the memo when i put the dogs in the bedroom with her um and this is live broadcasting this is great to and now you've got one trying to lick your face over there yeah these are great i go daves well it was interesting dave's dog park here So I'm kind of pissed at them. So I've started paying attention. And you know, Israel's a dangerous country right now. Israel's gonna get us in World War III if we're not careful.

Come at me again, Larry. I don't care. It took me a while to get back in the saddle. And one of the things that got me back in the saddle is I watch guys like Dave Smith and Kenneth Owens and various people who are fighting the fight and they're not cowards. And I said, you can't, you know, do I want to play in this big league of, and, you know, my brother one time said to me, said, would you want to trade place with McFuentes? I said, no, not in a million years. He said, then be careful, right? Be careful.

And, you know, my son works at the council on foreign relations. Oh, therefore, Dave must be a limited hangout spook. Now, he just runs the events. He has a training and event management. But I realize that's not a fight I really want to be in, but it also is a fight that I don't really want to run from. Right? This is one of these throw the gloves on the ice and go at it time. And so I'm going to write about it. I'm going to write about the Charlie Kirk story,

which naturally leads you. I'm going to write about Israel and what I've learned about it what I've teased out of what's going on. And I have talked to many, before I even ran into these snags, a ton of Jews about what's the origin of anti-Semitism. Where's it come from? You know, what's the history of it? Why is it happening?

Why? Colleagues. And then after Netanyahu and his thugs, you know, sort of really started causing trouble in the Gaza Strip, which is not a correct statement. because, geez, I just watched the 1984 video of Barry Goldwater saying Israel's running the United States. They totally are controlling. I'm going, what year was this, right?

This is a long time ago. So, you know, I dug into the USS Liberty Story and all that crap. And, you know, Israel's been a pain in their ass. They're really a pain, pain in the ass. They're not allies. Israel cares about one thing, and it's Israel. They're not allies. They want us.

They need us, but they're not allies. They don't give us shit about us. They really don't. And what troubles me, you know, if you're in this country and you're Lindsay Graham and you care more about Israel than us, fuck you. Die. Die. I don't care, right?

You know, if someone's got to die, might as well be Lindsay, because I've just had enough. And so you're seeing pissed off Dave. What do you think of Luongo's idea with no countries of Mongo? So you could have factions. Well, obviously you have factions. Well, there are factions in Israel. Netanyahu's not popular at all. Right.

So when we talk about any one place, it's like, well, what faction is that? Now, for Israel, it might be the controlling faction. It might be Massad, right? Like, certainly in the United States. I think Mossad controls itself. So who was it just last night maybe said, was saying that, that, the intelligence agencies are under no one's control. They're basically organized crime,

and they exist to protect themselves, just like government, right? This is a recurring theme in human history. We're not that far from the Middle Ages, right? We're not that far from King Donald marrying his daughter off to King Jared's father, right? I've been working on this theory that, you know, the Trump family married the Kushner family. And in the old days, the two kings of the two countries would marry off their children to form an alliance.

And I presented to Alex Craneer, and he said, well, I presented like Kushner marrying into Trump. And he said, no, it's the other way. And I go, yeah, you're right. And so, you know, we're the thin veneer of civilization here. This has been happening for millennia, for millennia, right? We're just able to see it. But I think it is everywhere. So you talk about, you know, a lot of, there's a spoof behind every rock.

I think there is a spoof behind every rock. You do think there's a spoofian. Yeah, yeah, I'm inclined. I will go to nefarious. You know, there's a famous Hanlon's razor said, you know, don't attribute to malice something that can be attributed incompetence. Columns raisers that Hanlon was a spook. Yeah, I, you know, the FBI supposedly.

you get rated based on how many informants you have under your control, things like that. So I got approached by the FBI to be an informant. You got approached by the FBI. Yeah, not to informant anything specific, just to be, you know, just be on our sort of list. When was that? This was probably 10 years ago,

I think one of my colleagues who I think is an informant. And it's not, you don't informant on anything specific. You just sort of agree to keep your eyes open and, you know, if anything bugs you. You know, it's like every FBI agent, supposedly it has like their informant list. And they walk from me because, I'm sure, because there's loose cannon.

We don't need loose cannons. We need informants. And I probably would not have accepted their generous offer. But they weren't going to pay me. It wasn't, you know, it was this odd thing. It's this, they have tentacles everywhere. So it, at January 6th, right? January 6 was one of the most heinous moments in American history, not because what happened

on January 6th, but what happened afterwards. We just, we threw hundreds of Americans in gulags, hundreds of Americans who did nothing wrong in gulags after January 6th. The most treasonous behavior, and Trump didn't say anything. I was watching Buckley Carlson and Tucker Carlson talk about Trump. It was a brilliant podcast. They started talking about how much they supported them. And if you didn't like Trump at all, if you were Trump intolerant, you would say, I'm not watching this.

These guys are just Trump idiots, right? But by the end, they had explained why he had completely lost their faith. And they did this brilliant job. And one of the things that Buckley said that really caught my attention is Trump was not president. He couldn't pardon anybody. People said, why didn't he pardon him? Because they hadn't been arrested yet. and I'm sure no one got arrested until after Trump was out of the presidency

so he couldn't pardon them maybe, something like that. They probably said, okay, don't arrest anyone yet. But then they threw hundreds of people in jail for protesting. And the guys who were causing trouble at January 6th, those were spooks. Those were FBI plans. There was an estimate at 274. I've seen pictures of known Ukrainian operatives in the crowd. You know, John Sullivan, that guy that, you know,

guy who's... John Sullivan is a spook. There's no question. I'll tell you why. He's Antifa or a spook, one of the two, right? And here's the key. Antifa guys are losers. John Sullivan was a nationally ranked cyclist. FBI is Antifa. You tell me. And I saw John Sullivan talking to Ray Epps. Ray Epps is definitely a spook. Ray Epps, they tried so hard not to draw attention to Ray Epps. Ray Epps was an absolute spook, a troublemaker. Ray Epps should be in prison, in my opinion. He's the guy who should be in prison.

He was a treasonous person. And they finally charged him and then they dropped it. But I saw Sullivan and Epps talking to each other. Now Epps is the guy who also filmed Ashley Babbitt getting shot. I made the case that Ashley Babbitt shooting was all bullshit. I dug into it. I watched videotapes. There was no blood.

The neck shot questionable. No one was providing health care. It had a whole Charlie Kirk feel to it. But it was a video thing, and you can't write about a video thing. And I showed it to Brendan Ike, and I showed it to my brother. And they said, I see your point butt, and I couldn't sway them. So I wrote a much more abbreviated version of it. But I said, you go look at the tapes.

There's something very wrong with the Babbitt shooting. and about three years later, Cheryl Atkinson sat there looking at the tapes. Three years later, sat there with two federal agents looking at the tapes going, that's wrong, that's wrong, that's wrong. Three years later. And so I would be throwing people in jail due to January 6th. I would be throwing the people in jail who threw the people in jail. That's what I'd be doing.

There were probably a couple of guys who should have gotten some wrist-slapping punishments. But nothing terrible happened there from the crowd. And they started throwing flash bang grenades in the crowd, which riled the shit out of them, right? Something like 18% of the people who were there were unemployed. There were veterans all over the place. The cops weren't in danger. That was the safest protest imaginable for a cop. Every one of the people in that crowd support the police.

The cops weren't in danger. How many cops died that day? Not that day, but soon thereafter, five. Why? The one who they said died because of the injury, but the family said, no, he didn't. The family denied that. Four others committed suicide. 80 cops estimated were on duty.

Four died of suicide. I do not need to know anything else to know. Something is wrong. That's a problem. I don't need, I don't need nothing. understand what's wrong. I just know something is wrong when four of those cops committed, four out of 80 committed suicide after, soon thereafter. That's the world we live in, I think. Where are we heading, Dave? I'm not sure we're heading anywhere. I think we're going to have a big

financial crisis, a gigantic one. It's turtles all the way down in terms of financial stress, right? And so I think the attempt is to keep the game going no matter what, in some people's opinion. I don't think that's actually true. But we have an equity bubble, K-Shill or P.E. of 42 for 110 years at average 15, right? You can't solve an over-evaluation problem with inflation. The reason is evaluation is the price of the markets or an asset class. divided by something at ought to track. Both are inherently inflation sensitive.

So the GDP tracks inflation, the price of assets track inflation. It shouldn't trend. It should go up and down and move around, and opinion should do things to it. But for 110 years, it just wobbled around because somehow there seems to be kind of an inherent gravitational pull to a return of about 4% or something like that. It's a modest return.

And then starting in 1994, it left the channel. And I've had a lot of discussions with a lot of people. The most strong-willed opinion is that of, come on, Mike. Prof. Plum, God damn it. This is a senior moment because I've had so many chats with them. Passive investing. Come on. Give me his name.

Give me his name. I had email. Whatever. On coffee to Mike? Like you've, no, no, no. This is, I'm feeling, this is like forgetting my kid's name. And people listening are going, I can't believe Dave is drawing a blank on this one. And in fact, I know him well enough.

I actually reached out to Tucker's booking agent to get them on, right? This is absurd. So in any event, this is a senior moment. This is a terrible senior moment. This is a dementia senior moment. And he said, well, there was a critical law pass in 1994 that made passive investing much more tractable. It had to do with the derivatives market and stuff like that so that you could adjust the passive flows using various mechanical methods to allow it and made it much smoother. And then the markets just left and they never looked back.

And in 2009, the markets reached historical average valuation. average. So it felt like we were in the depths of despair. And history thinks, the historian's looking back, thinks it was the depths of despair because we bounced. But if you look at any valuation metric, we were at average valuation. And it only felt bad because we dropped from about 50,000 feet like some red bullock, you know, stunt. And I'm not alone. Jeremy Grantham said that. Mark Spitznago, who I had dinner with one night said that. He said, we were undervalued, under historical average value for about a month. About a month.

Say hi to the crowd. Say hi to the crowd, Alfie. And so we're way overvalued. And there has never been an asset class in the history of investing that didn't find its way back to cheap. So somewhere between now and the future, we're going to give a 40-time. to just case Schiller's emblematic, but they all give you the same answer. If it goes back to 15 and actually it's cheap,

we're looking at 85% correction. I'm not predicting a crash. Please don't let your promo guys put, Dave calls another crash. Dave doesn't call crashes. I actually did call a crash about two months ago. I said, I don't call crashes. I don't think you fix

profoundly overvalued markets through crashes. I don't think they work. Dip buyers show up. You need to use the Israeli tactic to fix overvaluation. You double tap. You hit them. People come and buy the dip, you hit them. People come and buy that dip, you hit them.

And over time, you get the markets down to cheap when people finally say, I am never touching that dog shit again. That'll make a market cheap. And you demoralize. the market, that'll be the bottom. And I think it could come over the next 20 years. I think we're going to have, I think we're going to have a horrid couple of decades, because I think it's going to take that long for muscle memory to be changed. Now, on top of that, we have this whole AI crap, which I'm sure it's transformational. There was, someone pointed out that one of the anthropic

companies, one of the AI companies was anthropos, the CEO actually told people to read a book 1873 about the railroad crash. I was laughing. I said, why would the CEO of an AI company tell you to read about the railroad crash? That's a perfect. Oh, you're killing my bone-on-bone knees, buddy. And it's just hysterical that that's the book he'd recommend, right? So there's no question AI is going to be transformative.

I do think there's a chance that it's going to lead us into a total authoritarian state. I don't see how we battle the digital world. So as I like to say back in the old days, the elites kept the peasants in check using weapons, sword on sword, right? And the critical thing about the elites is they needed their army to fight the peasants and the armies made a peasants. And so it's a knife edge you're sitting on as the king of whatever, and you're in your castle. And often your general says, I ain't doing it, right? I'm taking my army and we're fighting you. And so you really had to pay attention.

Now it's a digital world. And I haven't figured out what our weapons are. Because, you know, let's say they decide you don't like what you and I just said. Debank you. You're going to spend the rest of your life. I don't know how you exist, debanked. Wouldn't you think your peasant example, the way you keep people back then on your side,

your militia on your side, your army on your side, is to keep them well fed, money. Well, that's why they're worried about the pleasures. And so that's how you keep your side on your side, enforcing that side. Bread and circuses. You, you,

fast forward today, I don't think it's much changed. It's just that we don't think of violence at all, right? That's been, that has been beat out of our society. Frontier justice. Right. That's all gone. So how do you, what's our weapons? I mean, like, I got to witness this first hand, Dave.

A whole group of truckers just went and said no all the same time. And they just locked up a city. The Canadian trucker's story was emblematic as hell. They just went and did it. They went and did it. They also use some pretty nasty tools to go after some of the leaders to say, don't do it again. Remember what happened after there?

The truckers were starting to organize, say, let's go to D.C. now. And all of a sudden, they said, no, don't. It's a trap. The cheese isn't free, Mickey. Right? And so, you know, the truckers aren't, the truckers are going to think twice. Sure. All I just mean is the road, you know, you go with your peasant's story, you go like,

oh, you know, this, how do we fight back? Well, Canada showed you. I think in Europe with the farmers and everything else, they've shown you. Well, here's an example. You know the Lake Tahoe crowd, which you're not supposed to be pushed around because I don't think it's a relatively impoverished group of people living in Lake Tahoe. But 49,000 people in the town or village or city of Lake Tahoe were told, by the way, in 2027, you've got to get your energy from another source because you're selling it to.

to the data center. And I'm sitting thinking, okay, let's say hypothetically that data center blew up. The list of suspects would be 49,000 people, right? Would you blame them? Well, I think of the flock cameras. The flock cameras, yeah. Right, they get cut down all the time

and you go, what cops even invest? Well, those are token, though. The rate the flock cameras are going up, and by the way, the flock cameras are going to be watching and cut down flock cameras. Yes, true. And you can't tell Walmart, they can't put a flat camera in their parking lot, right?

I wouldn't tell Walmart they can't. You can tell the city don't put flock cameras on public property and things like that. There are certain places where you can say don't go there. But the flock camera is a great story because they're hated. And they're trying to, they always come up with anecdotes about how this flock camera causes this person to be saved from this problem and this and that.

And I go, I don't care. I don't want a flock camera. But, you know, people don't want data centers. They don't trust them. My son's, here's a question I've been trying to figure out how to get an answer. My son says his utility bill, he lives in Boston, his utility bills up something like 80% three months. And it could be

because he left the AC on. I mean, who knows what? But I'm wondering, I go, is that happening? I'm not hearing it yet, but it's happening. And why? Right? But, but, so I know the guys, I know the town, one of the town supervisors and stuff,

and they're putting a data center nearby. The cost of heating our homes back home has gone up. but that's pretty easy to see as soon as Iran was attacked. That's right. The cost of everything went. So why did Trump attack Iran? Well, there's two trains of thought, I think. Right.

One is, honestly, the Long-O'Kraner had talked about it for a long time, the city of London. Right. The banking systems follow the money, essentially. I'm oversimplifying that, Dave. Right. That's one of the trains of thought. That's what Susan Kekinda talks about, and that there is a plan.

Someone has got to put together, by the way, a coherent in one place description of what the city of London is. I asked Tom for that, and he kind of said, well, it's all over the voice. Someone has got to write a goddamn 300-page book, make it an audiobook that tells us what the hell the city of London is. I have to assume that's out there, isn't it? I haven't been able to find it. Okay. Well, there's your challenge audience. Dave's asking for that.

I feel like between a whole bunch of guests I've had on, I just assume it's out there. Anything about the city of London, I'll point out that the city of London is an autonomous state within the UK. Correct. Much the way the Vatican is. And the city of London also presumably,

when they talk about the city of London, and it includes Rockefeller Rothschild money combo stuff, you know, who knows what's in there, but you're picking up the, stop snoring, stop snoring. I think, Jacqueline, I'm laughing. I hope this comes, I'm just like, you get to sit with Dave Collin, get to sit, Dave Call. You get Dave and the dogs.

This could be a painting. This could be literally a painting. They're gargoyles. What you can't see is I got one on my lap, well, you can see on the lap, and then you got one over on the couch. And then I'm just on a one. A lead out of a pillow and another lead out of a pillow. They're all snoring.

They love the pillows. They love the tops here. So I don't understand the city. And trying to discuss the city of London. And then Mike Ferris and I, for example, were on with Steve Hanky. He's a currency expert. I mean, when Venezuela runs into trouble, they call up Steve Hanky and say, we need your help. And I've known Steve since about 2008 maybe or seven.

or something. Okay. And I went down to Hopkins to do a chem department review, but I linked up with Steve and we sat there chatting and we've been buddies ever since. And we asked, I asked Steve about the city of London. He says, who cares about London? It's all New York. Now, Steve could be missing something here.

But he's a pretty big guy to completely blow off the city of London. True, but you know, when you listen to your story, Dave, you have blown... He might be limited hangout. No, I just think of all the people who were brilliant in their fields, and then your story is... I know, I know. You look at these brilliant people and you go, how are you missing this? I know. I'm some chem teacher from Cornell.

The heck do I know about all these things, and yet I keep making predictions and they keep coming right. That is your story. So when I hear that some smart guy can't see it, I go, I don't know. Yeah, I just described the Yale real estate guy. didn't know about mortgage back security. This is where I come back to like, maybe we're giving these people way too much. Oh, by the way, in that class where I asked him, the honors class, I didn't finish that story, the honors class where I asked him, you know, I told you about this, right?

So we're in the throes of it. My first guest lecture was the former CEO of Morgan Stanley Bank. That's who I got for my guest lecture, the first lecture. And he stood up there. And I got the most, I get the best compliment I've ever gotten. So we had dinner and then it's an evening class. And he stands up in front of the class and he says, so I'm sitting at dinner.

This is the Morgan Stanley, Morgan Stanley Bank, not Morgan Stanley, Morgan Stanley Bank, the banking subsidiary, but still a big position. And he says, I'm sitting there at dinner and within 15 minutes I realize, I'm not the smartest guy at the table. This is really funny. And he said, good luck getting a student loan. him horror stories. Now, he turns out he was wrong. They were able to patch it together. But again, the turtles all the way down. We've got AI bubble on top of an equity bubble,

on top of a real estate bubble, on top of an Iranian war. Yeah, this is all supposed to be horrifying for when you got dogs snoring in the background. I'm sure people are like, I can't take Dave serious right now. This is... I know, I know. You're talking about really... You're talking about really... My job is to keep them out of REM sleep. Yeah, for the record, for those who don't know what's going on, I put them in the bedroom where my wife is, and she somehow opened the door and let them out. I think this is a passive-aggressive move on her part.

And so this is why, once in a while, I go to my office through podcast, even though I could do them here because of this. So we really have turtles all the way down on this one. Yeah. And so now, then what happens is we see. said Trump's going to appoint a money printer to achieve what Trump wants to do with that as pump markets.

Trump has been a big disappointment. There's people who think Trump's doing a great job. I don't. When you say Trump's a big disappointment, what sticks out to you as things that have been a disappointment to you? Well, it's easy to overlook things he's achieved, but disappointments include no Epstein files to speak of. Doge didn't do shit, right?

Which it was a brilliant idea. The idea of getting some serious computer hackers and finding the money was brilliant. And I don't know if it was just Elon wanting to get access to the entire Fed database and then it was over. Because Elon certainly everything he does is deep state, and even though he seems like kind of one of our guys, there's no chance he's one of our guys.

And then, and then, and then Iran. I could have, if he had said to me, I'm thinking about him in Iran, I would have said, I would have said, without hesitation, you will destroy your presidency. It didn't take, it didn't take it. So do you think he's going to lose the midterm elections income? He doesn't care. He doesn't care about the midterms.

He wouldn't have bombed Iran. He doesn't care. Trump never did care about that sort of thing. He might care. There might be a pragmatic side where if they lose the midterm, then they're going to ride him like a donkey for two years. But when was the last time a prominent person, a person of real power, went to prison?

Went to prison? Yeah. They commit in prison, they commit major crimes all the time. When was someone went to prison? Who was the lady? the uh there knows lady no no like the chef lady cook but she's not prominent they got her on a procedure no i know but you're asking me and i'm going that's but she's not prominent said that was this that was a national inquirer story right but i'm just saying that that's one i can think of

danny haster pedophile how who denny hasster was speaker of the house he's a pedophile he went he went about 10 years to get him in and he went in for some handful of months okay And he came out and he had both his testicles and his dick. He shouldn't have, right? Yeah, you should be, yeah. And he is in a sea of pedophiles. I have dug for three years, four years now, I've dug into this global pedophilia network problem. And it's humongous.

I guarantee you it's humongous. And I guarantee you they shut down every story about them. So I've mentioned print King Charles. Of his four major handlers, one of them was Jimmy Savile. who is the most famous pedophile in the history of Europe. Jimmy Sable. I mean, that would be like, I can't even think of an analogy, because Euststein, knowing Euststein would be,

knowing Jimmy Sable was worse than knowing Epstein. Way worse. Jimmy Sable was just a pedophile to the, pedophile mongered to the stars. I mean, that's what he was known for. And there is with King Charles and all the famous people all over Europe. Europe is filled with pedophiles. I was on a Zoom call with,

Archbishop Carlo Vagano. He is number three at the Vatican. I didn't know they ranked him, right? This was like the NBA or something. And, and Archbishop Carl, he opens the Zoom call with the major leaders of the European Western powers are all pedophiles in the Zoom call. After that, maybe he did it before, but I didn't know about it before,

but after that I read it, he wrote it. So it wasn't just a Zoom call. and and and and and and and and and what did they do I don't know if this is held or if this was just a threat but I I'm told I should look this up because I keep questioning whether they follow through excommunication if you're Catholic and you're in the in the Vatican and you get excommunicated that's pretty bad I mean that's really bad and and and and he's the guy who called out the church for protecting pedophiles now that to me is not a out as interesting a story because the reason I started studying the pedophilia stories

because I was trying to figure out why politicians were making decisions that made no sense. Why does Donald Trump bomb around, right? Why did Joe Biden open the southern border? Who's pulling what strings? How are they controlling them so effectively? Why did Europe let North Africans in by the millions? That made no sense. Why did Merkel say, welcome?

I was on the same Zoom group we had a parliamentarian from Sweden on as a guest and I said I got to ask because I don't know what to believe we are reading across the pond here that Sweden is the most dangerous country in Europe now and is that true and she said yes that's not true because they accepted these North Africans with open arms I don't have a problem with North Africans they have no interest in becoming European that's the problem They have no interest in assimilating European standards and more. They're North Africans. So I don't have a problem with the North Africans. I don't have a problem with the Europeans. What I do know is don't mix the two. They don't mix. It's oil and water.

They don't mix. Don't force it. They forced it. Why? I don't know why. So I started asking, what's the control mechanism here? And I got on this pedophile store. And it just goes deeper and deep.

deeper and deeper and it's just a horror story and it's I almost wish I hadn't discovered it. And and and I don't think they don't corrupt people who are in positions of power they don't give them positions of power until they're corrupted. So if you've been vetted. So read Kathy O'Brien's book. Now I I, Kathy O'Brien is one of the most famous victims and she says it's firsthand experience with getting rape by every U.S. President from Reagan up through. She didn't actually mention Clinton raping her, but she did mention all sorts of things

about Clinton, you know, drug running in Arkansas and things like that. But she did mention Hillary. She said they're totally bisexual. She tells this horror story of Hillary's doing a dive on her. Hillary's performing oral sex on Kathy. and Bill walks in the room and she lifts her face up and says, how'd the meeting go?

How'd the meeting go? Now, I just read an article that said Kathy O'Brien is not a survivor. She's still under control. The guy who's supposedly saved us and look into this guy's past. This guy's still CIA. He's her new handler. This is limited hangout. I go,

oh, there's a limited hangout thing again, right? So I'm going to write about this. It's been on my back like a monkey, and I'm going to write what I know about it and what I've learned about it and say, look, you can go down this rabbit hole if you want to. Here are the leads.

Here are the rabbit holes I've gone down. Have a ball. I don't recommend it. Alberta's got an independence referendum coming up October 19th. You have any thoughts on that? You know, borders change all the time. So what seems impossible becomes truth at some point, right?

I mean, like when the Ukraine war showed up, people are shitting a pick over that. And I go, if you ever watch that living map of Europe where the borders are moving, they're moving constantly. Why do we care what country is what borders drawn to where over in the whole Ukraine-Rush area? I became a Putin fan. When I wrote about Ukraine, I dug into it. First I found it on a map. I go, okay, there's Ukraine.

It's not where my risk board had it, but there it is. Shut up, shut up, shut up, shut up, dog. And I had been following Putin intrigued by him for a long time. He's not a nice guy, but I think he's the most grounded leader in the world right now. I think he's the most grounded. I think he's the most nationalistic. I did a poll on Twitter one day. Here's an example, I'm not alone.

I said, let's say Putin loses his shit. He says, I've had enough of this crap because the Ukraine war was caused by NATO. I put it near 100% NATO's fault. Putin for 12 years straight said, you can't have Ukraine. He wasn't saying I want Ukraine. He said, NATO can't have Ukraine. Disaster. Disaster, if NATO assimilates Ukraine.

And he said, you can't have it. This is existential. That would be like us saying to Putin, you can't have Mexico, right? And we wanted it. We just wanted it. He had to have it. He didn't have to have it. He had to keep us out.

And we want Victoria Nulen, Victoria the Hut, and these neocons wanted Ukraine, and they wanted to push his buttons. And so finally he moved troops in. You didn't kill Ukrainians. He wasn't looking. Well, he actually was. There was the Azov battalion inside Ukraine, a bunch of former World War II Nazis,

which sounds bad, but they were fighting the Soviets. And I'm going, I kind of understand that. And so he cleaned out the Azov guys. He wanted to demilitarize them. They were a problem because they were CIA trained and armed and stuff. And so he said, okay, we got to get the Azov guys because they're dangerous. That would be like taking out the drug cartel in Mexico, something like that. Not a large number of people, but dangerous people.

But NATO wanted a war. So it became a killing field. Wasn't Putin who did that. Putin did not escalate that war. And you keep reading about how Ukraine is doing damage to Russia. And I go, Ukraine isn't we are. NATO is. You think Ukraine's doing that damage?

We probably have a Ukrainian guy sitting there saying, which we say, Okay, see that red button? Push that red button now. The guy push it, boom, out launches the shit that we gave them, right? If you had told me 10 years ago that we would be bombing sites in Russia, I would have said, you're out of your mind. Well, we are. So I said on Twitter, if Putin loses his shit and starts launching serious weaponry

into mainland Europe, Paris, why not, right? Berlin. Who do you blame? And the choice was Putin, Trump gave a couple others. The critical thing is three of them were not Putin,

and one of them was Putin. And I didn't care about the three. I didn't care. Distinguishing Trump from, you know, Merkel or whatever. I didn't care about that. Putin got, I think, 6% of the vote. People know it's not Putin's fault.

People on X do. What's that? People on X. That's right. And if you are not on X and not interacting on social media, your worldview is totally different than if you are. You think Putin is bad. You think Putin is bad because our mainstream media is pathetic. Yeah, but in fairness to that, Dave, I have interviewed now journalists from Sweden who became a NATO country.

Right. and they talk about being that close to Russia and everybody being against Putin and now they're NATO and I'm like how did that go? And he's like propaganda. Right? So like I was wondering this,

I was wondering this, I was gonna ask this right off the hop. It's a silly question except I've been driving in it and I'm like how do you make people discount what their eyes are telling them? Since I left Manitoba entered Ontario.

It has been nothing but lush green trees. Right. Everywhere. Lakes, beautiful country. I'm talking, this is weeks of driving. Now I'm into New York. I haven't left it. I'm just like, this is, this is like beautiful.

Like, what we're looking at is beautiful. You'd turn your camera. You'd see. Right. You'd see spectacular. And yet, we've convinced the world. We're killing it. I'm like,

right. You know, When you're out in the prairies and it is dry, you can kind of like go, oh, maybe, I don't know. Climate change. Like a climate change, right? Climate change. But when I come rolling through this part of the world, now people, oh, it's a wet year. It's a wet year.

I've heard that lots from people. I'm like, what the heck are you talking about? Look at this place. You have trees and lakes and everything, but you can possibly imagine out here. I haven't left it for like. And somehow a degree is going to just. destroy the world. Correct. So I dug into climate change and it started, I would occasionally ask the biologist, do you see evidence of climate change in your world? They go, yeah, yeah, yeah, yeah,

that sort of thing. And then a guy was emailing me, giving me shit, how do you know climate change is real? My brother started pushing me. How do you know climate change is real? That sort of thing. And I happened to have had lunch with the former Secretary of Energy the week before when my brother was pushing me. I said, Ned, I had lunch with the Secretary of Energy who gave me shit when I told him I was agnostic on climate change. I said, every credible scientist I know believes climate change. I don't know where to go with this. And I said, I have faith that somehow they must be getting it roughly correct. And this other guy who's pushing me, said, no, there's credible science.

who don't believe in climate change. And I go, okay, send me some names. Now, I figure he's going to send me, you know, Joe Blow, professor of who the fuck cares at Timbuktu University. And I'm not going to care. Now, not that I believe Stanford, Harvard, those guys, you know, they're deep state at this point.

But I'm not going to believe Timbuktu guy either. And he sends me a list of about 20 guys who are not goofballs. they are famous scientists. I go, okay, but these guys probably shot down a model. And that's not the same as saying it's not true. It's the way science scrubs itself, right? So I start Googling it.

Within two hours, it's obvious how it was wrong. Within two hours, I discovered the former National Academy. The former head of the National Academy of Sciences said it was the biggest hoax in history. The former multiple presidential advisor at Princeton said that this is complete bull. shit, the CO2 levels are actually at historical lows. It was warmer in the Middle Ages than it is now. When glaciers recede, they find 1,200-year-old trees, which tells you the glaciers are receding to a place they were 1,200 years ago.

And so I would say within three hours, the first big lie of the climate change story had been completely blown to pieces, and that is that there's no credible scientist. The 2022 winner of the Nobel Prize in Physics was laughing his ass off with the story. Talking about, they can't even model clouds. How the hell they, some Stanford physicist said the error bar on their estimates is five times bigger than the temperature change. He says, I don't know anything about climate change. I know statistics. This is crap, right?

And then it turns out if you read the IPCC, you find that the scientists right, you find that the scientists right. in the IPCC doubt shit. But there's a political side of the IPCC that releases all the news stories. And so one time I was sitting down with Constantine Kyson who gave a brilliant talk at Oxford on climate change. It was a masterful talk. And I said, how long did it take you to figure out

that the climate change story is bullshit? He said, oh, a couple hours. That's all it takes. but the people, as I said before, do not have the capacity of looking at experts or people who profess to be experts and are actually professional liars and say, you're full of shit. Most people do not have that skill. It's just, it's shocking to me, especially what I'm looking at right now, right? It's just so lush. It is just green beyond belief, lakes, beautiful scenery.

By the way, this lake out here that your viewers can't see, maybe they can't actually. But we broke the large mouth and small mouth bass record for New York State within the last four years. I would have figured those records were from the 1920s or something. And no, we just, we just, and whether you, you see any boats out there fishing? Not this morning. So we got a lake full of lake trout and, bass and stuff like that, and no one's fishing it. Right?

When I was a kid, I used to go up to Canada to fish, right? You guys play hockey and you fish, and you probably hunt. And it was a lake about the same length, much shallower. There were 50 or 60 guides on the lake. I mean, this link has better bass than that lake. And it's just, it's not fished, you know. It's thriving. thriving. And they claim, you know, the climate change guys say, well, you know, you're, you're going to get,

they talk about an epidemic of kidney stones. They're talking about kidney stone clinics being set up, and I go, you're just making shit up now. This is insanity. I live on the lake. If you go 500 yards, you came down the hill. Yes. It's about four degrees hotter at the, at the, at the beginning of the road, than down here because of the, because it's actually, no, it's probably, it's probably, warmer down here. If you go over in the winter you see the snow on the top but not near the lake, does that mean I'm going to get kidney stones? If I moved to Pennsylvania, am I going to, if I live in Florida, am I just going to die of kidney stones? What kind of crap? Who writes this shit? Now, that story's over now. The reason it's over is because we need fossil fuels for AI.

So the climate change narrative is no longer convenient. It's gone. Now you've got people who committed their lives to the belief that they were saving the world from climate change. Pushing for data centers. Well, not only that, but there's a bunch of, it's like post-Y2K the people were canning butter because the world was going to end and they're going,

I'm humiliated. Now, the climate change crisis, is humiliated yet because they don't realize that the game is over. And they think they're still fighting the good fight. They're not going to win this fight. Because now all the guys who actually, they made their money. Trillions were spent, right? The grift was one of the great grifts

were selling solar panels and selling windmills and all these things. And I know guys who sold them. And they said, I don't believe it, but I make a ton of money. And when there's trillions of dollars being spent, you wouldn't believe how enthusiastic people get about the narrative. Right? Just like Y2K. Just like COVID. Just like COVID.

But COVID, we killed people. Sure. So Fauci should be executed, in my opinion. Tried by the highest standards of the legal system. And if found guilty, executed for mass murder. Crimes Against Humanity. Put them right up there with the Germans in Nuremberg, right? There's a lot of people who should pay dearly for participating in the scam and causing deaths.

Remdesivir, for example, is an exceedingly toxic drug. And we gave it to people because we didn't want to give myvermectin, because then we couldn't do the vaccine. There's the debate about what the purpose of the vaccine was. Let me get this dog off my lap. I had bone on my knees and you hurt. You couldn't release the vaccine if there was an alternative legally.

You couldn't touch it. Yes, I remember reading that. And as soon as I read that, I'm like, well, this is why they're suppressing it. Medical doctors for COVID ethics. But it's covered. all these topics. It's had spectacular. Rod Johnson's been on there repeatedly. I think one of the first ones I went to, Bobby Kennedy was there. You name them. They've all been there. And we've talked about all sorts of things. And so we knew this stuff. We were getting the best of the best

information flowing into this group. And it was clear that Ivermectin was being stepped on because it would have blown the whole vaccine story. Now, the question is, what is the vaccine story? And that's not clear. I could view it as something as trivial as scientists wanting to try cool tech. I could give you a list of four books. A couple from memory. Follow the science by Cheryl Atkinson, Moth in the Iron Lung.

I've had who wrote Moth in the Iron Lung? I don't remember the author. I've had them on the podcast before. Yeah, I don't remember the author. And Vaccine Amen by Aaron Siri, sickening by John Abramson, you would never get another vaccine. You wouldn't touch a vaccine.

Never. Aaron Siri's book, Vaccine Amen, is stunning. Mathia, Iron Lung is stunning. The goddamn polio vaccine was, a scam. It was a scam. Now, I'm not sure it doesn't work, but the polio epidemic had run its course by the time the vaccine showed up. And as you recall from your podcast, the origin of the paralysis was toxins in the environment chewing up your intestines. And in an infant, it turns out your intestine goes right past your spinal cord, and various pathogens were getting to the spinal cord

causing the paralysis. And it was due to first spraying crops with arsenic to fight the gypsy moth, then with DDT to fight the gypsy moth, both of which were causing kids to be susceptible to pathogenic attack on their spinal cord. Forrest Moretti. That's who wrote that book. Right. It's a stunningly clear book. And I got it recommended to me by a couple of very smart guys. I said, I guess I got to read this one. So the problem with that story is that the high water mark of modern medicine is defeating polio. If you were to say, name something that modern medicine did, great. It's defeating polio.

That story doesn't hold up. Turns out if you want to give credit to defeat polio, you give it to Rachel Carson. Who's your genesis so you don't get too enthusiastic. And Aaron Siri deposed every vaccine. expert in the world, basically, in his pursuit in court. And in his book, he uses transcripts of depositions to make the case that no vaccine has ever been adequately tested. None. The most egregious example is the hepatitis vaccine that they give the first day of a child's life. And it's, the way you get that particular hepatitis is through unsafe sex and, and needles,

dirty needles. So it's a little hard to make the case that a one-day-old baby should be treated for unsafe sex and dirty needles. It turns out it was a technologically front-edge vaccine, the first of its kind, and I can't remember the details that make it that description, but it was a weird one. They gave it in the clinical trials. I think the number was 154 infants. They monitored their health for five days and cleared it. Five days. Now, developmental problems take years to show up.

I've been on a crusade against statins, SNRIs, SSRIs. My wife tried to detox off, and SNRI couldn't do it. She would have, she got off it, she was off it for eight weeks, a complete disaster. She would have killed herself within a year, in my opinion. She would not have survived. We put her back on it. Some percentage it doesn't actually work, but she's now back to normal. She didn't have to be put on them.

You cannot find a person who tried to come off SNRIs or SSRIs that doesn't talk about years of horror. years of horror. So there are people saying it took me two years to get off it. It was 10 years ago, I'm still not back to normal. I would rather have to kick a crack addiction than an SNRI addiction. It's that bad. I start digging around on Twitter, and I would say, do you have experience with SNRIs? I'm advice for people.

You go on a new drug, and medicine loves pushing drugs. I consult for Pfizer for 20 years. I was a journal editor for 20 years. I collaborate with all the major pharmacies. I'm not biased against them. It is a dangerous place now. I think they've run out of things to do, so they're making shit up now. I think that really is the problem.

They're still doing some great stuff, but when it's not great, they still sell it. That's the problem. And it's just to keep their business model going. So statins, for example, your cholesterol gets to some level. The doctors almost mandatorily have to try to put you on statins because it's the protocol. Who writes the protocol? Farmer. Now, cholesterol, the threshold cholesterol level that you're supposed to be putting your patients on statins has been dropping steadily for years because they want to sell more statins.

Statins are huge. They're a huge market. And so what you find is some people respond negatively right away, which is good because you go off them. You get swelling joints, lower leg pain. You go, I don't like these. I'm going off them. But one of the things cholesterol does, the reason you have cholesterol is because it's critical to function. It's hypercritical to function.

And my version of statins was if you artificially push. High cholesterol does correlate with heart attacks. Statins do correlate with lower cholesterol, but what they've never studied is when you force the cholesterol levels down, do you reduce heart attacks? And they'd not shown that. And I go, well, this is bullshit, right? What I hadn't known is how the side effects of statins.

Now, the really egregious side effects. So I started tweaking Twitter to find out with people, people's experience. And people were talking about, you know, my wife went on the statin. She was in a wheelchair in two years. She could not walk. And, and, and, and then you find it the real nasty one is early onset dementia because you don't know it's the statin. And it can be very quick. And it's known. And so why are they putting you on statins? Because pharma likes to sell you statins. Now, it clicked the other day when we were at my wife's doctor and we were trying to solve the SNRI problem and the doctor made reference to following protocols and that's when it clicked.

These doctors are told what they have to do. If they don't follow protocols, their lawyers get on them. They go, you break from protocol and it goes bad. You can lose a lot of money in court. And so that's how they do it. They do it by protocol. And so, and so, I encourage people. My wife was on a drug called Kepra because she had a problem that I think got misdiagnosed, but they put her on an anti-seizure med. And we didn't know it, but it was making her crazy. It's the second time that's happened on a drug.

But it was making her crazy like it was like it turned her into the biggest bitch on the planet. Now, try to tell a doctor your wife screwed up. She's acting like a bitch. and the doctor will say, well, so is mine. What's your point? Right? And I go, no, this is crazy. And it turns out a two-hour phone call with a neurologist one Saturday night finally got it.

Oh, when he heard Kepra, he said, oh, that's the Kepra. It's called Kepra rage. If you go on Twitter and you search Kepra, you'll see it. It's all there. The story's there. people saying my family doesn't understand how awful I feel and blah blah blah blah I found myself answering people's tweets probably myself going through Twitter and saying it's the Kepra it's the Kepra you're not nuts my wife had it you got to find a way to get

off Kepra so I mentioned that in a podcast the other day and a friend of mine who's a distress asset investors said yeah my son was on Kepro he said I was this close my fingers holding up like this to have to hire a security team to protect the family from him. Now there's the lady who now is being tried for killing her three kids. You should look at the medication list they had her on. Like 13 different antipsychotics. And then she killed her kids and jumped out a window and unfortunately survived. She certainly wishes she didn't survive. She's in a wheelchair. She's now got three dead kids. She's on trial. Now and and

Twitter's convinced, you know, and there's people supporting her and Twitter doesn't understand. They don't know what they had her on. This woman was crazy. For one thing, if you kill your three kids, what are the odds your wife's going to kill your three kids? My wife the other day said something really funny. She said, and they weren't even at the age where you want to kill them. I go, I'll forget about that one. Like less than 0%, right?

Less than zero. Mothers don't do that. Mothers don't do that. Unless they're in a chemically induced state, sure. Or they're teenagers. Yeah, I'm sure there's some moments coming ahead of us. It's, you know, so I was, like you're talking about doctors. Why did they give out statins, right?

And protocols and different things. Because they're told to it. So yesterday, you know, we started off here. And I'm going to tell the story. we break down right across from a tire shop and you know I can look at all the negatives

but I'm going to look at the positives positive is I could back up so I backed up backed it in to this yard I'm in a tire shop with bays they can hoist my vehicle they could do anything but as soon as I said it was a trailer they were not allowed to help

not allowed to help not allowed yeah interesting so I have it's pouring rain okay not only can it The story just is, it's almost comical. I'm like, God is laughing at me right now. I can't pull forward.

Man plans, God laughs. But he gives me a little bit of leeway because I'm in, I'm literally in a yard where there's mechanics or at least guys who deal with vehicles, you know. And I'm looking at their bays. They're, you know, one of them had a car in at one point. The other two were empty, but they're not allowed to help because I said it's trailer.

Right. You know, and as it's going on, and I'm sitting out there, you know, I look over every once while, I swear they're just chuckling at me, right? But I also didn't realize one of them was getting, I assume, annoyed, because you just want to come help.

This guy looks like he is struggling, he looks like he's not having fun. I got no, like, I come from the farm, but like I haven't worked on a, I know how to pull a wheel off folks. And I know how to walk through certain things and try and diagnose it. And I got smart, brilliant minds on the phone,

trying to diagnose this thing. And then, you know, to make matters worse, it's pouring. I can't get it to move. Then my rear wheel tire goes flat. And I'm like, you got it. Like, I'm almost laughing at this point. I'm like, well, that was the hint, though, right?

It was the hint. Yeah. So I pull it off, walk it over, and the guy at the front desk goes, well, at least now we can help you. And I held my tongue because I was a boat ready to blow a gasket. You got all this, like all the tools in the world sitting here. And I'm sitting less than 50 feet from you. You can stare at me in the boring. You're not helping.

Whatever. So they fix the tire. Sean goes back on, puts the tire back on, jacks it down, then I start going back to work on this trailer. I can't figure it out. I'm doing just about everything known to man. I'm thinking it's electrical,

so I pull off the battery, unhook it from all power, still won't move. Now I'm more confused. I've got all the mechanics confused at me too. And I look back, this is after like 45 minutes, and that tire's flat again.

And I'm like, what the heck is going on? I'm like, I'm joking with myself at this point. gave me a bar of gold, I'm turning it into 10. This is insane. I can't get under the tire now. Now it is completely flat. They come out, jack it up, take it back in, and this is where we find what actually went on. Right? It was a caliber. And it was on the truck. It wasn't on the, it felt like it was on the trailer. What made the tire go flat though? What made the? The caliber bolt popped off, slammed into the rim, the aluminum rim. And every time I pulled forward, it dug in. And every time it backed up, it backed off.

It flattened the tire damage. It cracked. It cracked the aluminum rim. Really? And so it couldn't hold air. Did you get a new one there? Did you get a new rim? So I had a spare tire.

So we put the spare tire on. I've got to get a new rim. But it's funny because I was sitting there watching mechanics. I must have looked like a train wreck. I've been owning the pouring rain for four hours, stand in front of them. And at times, all they're doing is

just leaning on their broom and staring at me. And finally, when it was the vehicle, not the trailer, the one mechanic goes, can I go help them now? Yeah, yeah, yeah, yeah, we can help. And I got to give these guys full credit, like one thing. They didn't charge me, Dave. I know. I remember. I didn't know quite the story.

But you think of protocols and what you're talking about. Like, we're talking about doctors. I'm talking about three, four mechanics that were sitting there. Watch me do this. At one point, the one guy comes. This is when my wife and kids are still there. And he goes, you're trying to get the tire off? And he's brought out his gun for it.

I'm like, I just got it off. And he got, oh, yeah. And he goes, what do you think it is? And like, wow,

we're thinking wheelbearing at the time, which I might have a will bearing problem. It's possible. Regardless. He goes, oh, yeah. I'm like, you guys do that? He's like, well, on vehicles. I'm like, on vehicles.

Are they that much different? Well, no. And I'm like, okay. And he goes, and at home I'd change it on a trailer. And he turns around and walks away. And my wife's like,

what the fuck was that? Pardon the French, folks. But he, like, comes over. literally says he could change out wheel bearings and take a look at it. Instead, doesn't. So you think it's just in the, in the, you know, all the different medications? I'm like, I just, I just went through it. No, I couldn't stare at all the stupidity of it.

It just, I got very fortunate where I hit all the things, the fact that it was on the vehicle. I can look at it. Yeah, I wouldn't have been able to handle it. I wouldn't have been able to handle it. But I mean, like on the flip side, we're staring at doctors and going, oh yeah, it's all the protocols. I'm like, I just did it with mechanics. And I'm like, I can't imagine a sitting there.

This scares people about AI. One of the risks of AI is there won't even be people who can help. You'll have some problem. And there will be no one who knows how the system works enough to be able to say, let me help you. I had an oddly positive experience with Social Security where I was trying to, I turned 70, so I was going to get Social Security. I still work, but I was going to get it anyways.

And the woman was exceedingly competent. And I didn't expect that. Social Security doesn't strike me as a place where you hide your smartest people. And then I discovered, this woman tells me that, by the way, since you're now getting Social Security, your wife, who was getting almost none, gets bumped up to half of mine. And I didn't even know that. And she says, is she there? And I said, now I'm at work.

And she says, give me your number, I'll call or I'll set her. up and by the time I got home she was set up and I go that's the opposite world right that's or she's using AI to do that well it could be but but I tell you what I'll give you I'll give you a different story Expedia booked a flight on it and it used to be horrific to call right then they switched to an AI modeled customer service right and it was brilliant Dave okay they got money back from I didn't think you'd get money. I wouldn't even know where to begin.

We'll figure it out, but the problem is we will also go through a period where we haven't figured it out and we still implement it. Are they going to be changing a tire AI? No, they can tell you how to change a tire, but you still have to get your hands on it and know what to do. I mean, it's been one of the blessings of this road trip is I'm becoming a lot more competent around a trailer and a vehicle. I took auto mechanics in high school my senior year.

This is not a, now, this, I was. was in a classroom with the kids who were coming to school on the short bus, right? And they were so talented at mechanics that three of the kids in my class won the New York State Plymouth troubleshooting contest where they sabotaged 60 things wrong with the car, first team to start the car wins. And so they open up the hood and, you know, various pieces are disconnected. 60 things are wrong. They start the car in 58 minutes.

These guys can pull a tranny fix and put it back in and the teacher says you guys got to work harder in this class Dave does know what a carburetor is he's beating you on the exams but it didn't matter because I know what these guys did for a living when they got older

they became mechanics Well when I talked to mechanics over the phone yesterday I'm trying my best to just like give them the information And as you recall I was also They're brilliant over the phone to find trailer mechanics in town, which they don't exist for the most part, and trying to find out

if they had time to fix your trailer. And I solved a real estate problem. It was either yesterday or the day before where it was a technicality by the town that was making it impossible to sell a one-third acre building lot, which I thought would be true. I said, look, we put it on the market, we sell it, I'll take about 70 grand out of it, I'm done, my kids don't have to do. do it when I die, so it gets it out of their hair. And it's been a nightmare just due to the little bureaucratic technicalities. And I think we solved it yesterday, but it was, it was

absurd. Well, my final question for you is a light one. You got a favorite road trip or camping trip that you recall from parenthood or being a kid? Well, we... I mean, you got a pretty spectacular view right here. We didn't we all of our vacation time, the exception of one trip to Florida when we visited the grandparents down in Naples was going up to Canada fishing starting with well actually it started going to the Adirondacks to a thing called the Adirondack League Club which was one of these 200,000 acre privately owned no motors There's a loud place from the turn of the century when rich guys bought up the land and set up this club.

And then we went to St. Lawrence fishing for three years. And one time we got into the bass where in two and a half days, two kids, mom and dad in a relatively small boat on the St. Lawrence, 247 bass. I would say that almost every one of them was between one and two pounds. That is fishing. And then we went up this lake called Lobro Lake in Ontario for the rest of my dad's life. So that was 30 more years. And they had largemouth bass.

Very rarely would you snag a small mouth. There were guides, as I said. And my dad had a depth finder. And they were not around at the time. And so the guide used to kind of cackle, you know, the city's slicker with a depth finder. And he actually had a friend fly him over the lake in August looking for contours that you could see visually from the plane. But he used a depth finder and he found deep water shoals in the lake in some pretty open, you know, sort of mile wide zones of the lake. And he found the small mouth.

and the guides did not know they were there. And he would bring in stringers of, you know, six, four and a half pounds smallmouth bass. And then the guys, next thing you knew, they all had their depth finders and stuff. And he was the god of the lake. And I remember that. And so now the irony is,

is so I've lived on this lake for 11 years. I haven't fished it. Well, Dave. Get on it, would you? There is a little absurdity to that. Yes, there is. I'm told that if I throw in the spring, according to a fisherman who has died, I'm told that if I throw just, you know, a jig or something off of my dock in the spring,

that there's very good fishing right off my dock. I haven't fished it. It's just one of those life happens things. And I just, you know, I just, I have this. horrible fear that I'll get stupid and buy a boat, right? Yeah, but then you could go do more fishing. Yeah, no, no. People do fish the lake, but it's a, it's a, it's a, it's a, it's a, it's a, it's a, it's a, it's a, it's a, it's a

mile wide, 38 mile long lake and there's probably 10 fishermen on it. Right. It's just, it's, it's an absurd situation. Well, Dave, I appreciate you, uh, let me in. And, uh, you know, like, um, it's been an interesting journey to get here. but hopefully in the future. So who else have you visited? Along this way?

Yeah, what's your, who have you been hitting? Well, it's been a lot of everyday people. You've come to know people at your conference, things like that. Yeah. I do want to get to your conference. As I said, I don't pass it up voluntarily. My wife has had 60 surgeries. She's broken her neck three times.

I wasn't involved in those three, for the record, nor did I kill my children. And so when I say, you know, we have health issues, we have health issues. She broke her neck twice, two different breaks in four days. That's got to be a world record. That's got to be. She fell, she was in a walker with the neck brace. on it she fell backwards and broke C1, which is supposedly the death shot. That's the one that kills you.

C1, boom, gone. But I think it wasn't for her because she's so brittle that it was not a death shot fall. Right? For me or you to break the C1 requires a real snap where her just a tap. And so, and she has other things that are not about surgeries. not about broken bones and stuff. And so it sounds bad. People say, well, tough on you.

I got to raise my kids. And it would have been hard for me to raise my kids because I have a career that's very demanding. I mean, it's kind of my colleagues, we work long hours. People think academics just sit around and lick their crotch and smoke a pipe. I have colleagues who work 90-hour work weeks, you know, their entire career.

I worked every waking hour for many, many years. And it would have been hard to pull away from that culture to be the right guy, to be there really enough for the kids. But I ended up taking them to all their sporting events and all their activities and all their concerts and everything. And that's a real blessing. And so it gave me the opportunity to do the right thing.

And you know the drill, right? You're skiing with your kid. You're on the chairlift. Totally captive audience, right? You talk. You talk about whatever comes up, right? It's quiet time. when I'd take my son to a gymnastics meet in Pennsylvania,

you know, four or five hour drive each way, you talk. And you just, we didn't have as much dinner table talk because, hey, my wife couldn't sit at the table very comfortably. And my son was always in a sporting event or something. Every meal was drive-through, grab it to the next. My son at one point during the school year, was doing, you know, I believe it was 28 hours of activities. Not my idea.

He was just that kid. He was a, here's both I'm very proud of, but the younger one was a super achiever. He was in high school, all state orchestra, first violin. He's now a professional musician. Fifth in the Nation equestrian, Welch pony. Eight state regional gold medalists in gymnastics. I can't remember the event, but he did well.

And I played lacrosse. In lacrosse in gymnastics. Yeah. And horse riding. That's quite the... It's quite a mix. That's quite a resume. Yeah, it is.

You'd have trouble finding a bad resume. What does he think when Dad gets going on about the state of the world? Or your kids. What are your kids that do they ask you? They know that I'm pretty deep. The son who works for the Council on Foreign Relations knows the world. He knows what's going on. He doesn't, I think he actually doesn't tell me stuff, right?

Because you got, Dad, I'll talk about it on a podcast. Well, I'll get Dad wound up. Yeah, yeah. But it is entertaining to ask him what's important. Because the council's talking about important things. He said the most amazing thing was like, when the big tsunami hit. I think I have this, which one right,

but he said, watching the council mobilize. So within 15 minutes, Clinton had showed up at the council, various people, calls were being made, and they were mobilizing the world's forces to solve the problem. And then he said one day they were talking about setting up a council office in Chicago,

and Pete Peterson was running, running it at that point. And they're discussing the financing of it. And Peterson gets bored and says, I'll kick in $75 billion. Let's move on. He said you could suck the oxygen out of it. He just sucked the auction out of the room that day. And I'll ask him what's important. It's stunning, sometimes where you think something's really important. They go, no, not an issue. We're not talking about it. You go, really? I ask him about Israel, Palestine. He said, it's wide open. discussion. It's not some stilted, no sign of APAC running those meetings, right? He says there's, there's real open, enthusiastic, aggressive discussion about that story from both sides,

which surprised me. I got to know Ben Steele, who's there a little bit. I actually copy-edited his book, The Battle of Bretton Woods Forum. The council's an interesting part. I don't think it's, I think when Dulles started it and when David Rockefeller ran it, I think it had real agenda. I think I get this feeling that it really doesn't have a political agenda

as much as its goal is to get people of great importance talking. So in some sense, you go, well, those guys cause trouble. He said, my son says, yeah, everyone who walks through the door has an agenda, but the council does not. And I think that may not be 100% true, but it certainly is true relative to, I think, Alan Dulles' era and David Rockefeller's era. I think the more modern leaders, I think who is the guy, the Syrian expert who ran it for a while. But he said, you know, behind closed doors, shit's happening.

He said a lot of deals are being made. There's no question. But he got to me, like, you know, he's handling Madeline Albright Pull her underwear out of her ass on his first day of work, right? I mean, this is trial by fire. His first day on the job, boom. And then he got to chat with Nelson Mandela for 45 minutes. You know, he got to meet the president of Iran and Pakistan the same day.

You know, that's sitting on the hub right there. And that's really sitting on the hob looking at the spokes. And he says when these guys come in, machine guns, guard dogs, you know, and he'll say to some guy, they're bringing them in, they'll say everyone's been cleared already. And they go, not by our guys, they haven't. Right. So they have to empty the room and check them all back in again and stuff. It's quite an experience, I think.

So, in any minute, he said it gets lively when the United Nations is in session. Where does he live? Well, he lived in New York and Brooklyn, but then he moved to Uruguay. And he set it up such that he could do it remotely. And someone was stopping. It said, no, not going to happen. So he went to the higher ups and said, just want to say, you know, had a great time. And they tried to buy him off and did not move me.

He said, no, I got to go. Now, at first he went to Thailand. Then he went to Uruguay. But he said, no, I got to go. and so he went, no, he went to Uruguay, and he set it up so that now he went to Thailand first. And they tried to buy him off, and then they actually, after a year in Thailand, they sent an administrative saying, come back, he said no. And then he came back and he was applying for jobs, and now he's getting good jobs, right? Now he's not a youngster anymore. He had the counsel on his resume.

And the council got wind of it, and they said, tell us how much you want, tell us how many hours you want to work, we'll take what we can get. So he went back to the council. And then he moved to Uruguay, tried to set up telecommuting it. And someone was not signing off on it. So the guys above said, look, I've got to go, blah, blah, blah. And they said, no, wait, we'll clear it.

So he moved to Uruguay and ran events from Uruguay. And then he moved to Dublin, New Hampshire, which is one of these small little towns with one roundabout in the middle of town with the church. Right. Currier and I was etching, you know, sort of thing. And his wife is an administrator at the local private prep school there. And everyone knows everyone. I got pulled over twice for speeding, mentioned my son lives in town. Boom. Tickets gone.

You know, that sort of thing. No problem. and he runs the events from Dublin where his kids go out hiking and bike, you know, mountain biking and stuff like that and he runs the CFR's events. He helps run them.

Well, I can sit here and talk to you all day, Dave. I appreciate you having me in and doing this. And hopefully the next time around you've got a boat and you can take me fishing. How'd that be? I think your grandkids would enjoy that. They go out and kayaks and fish.

they yeah but if grandpa Dave had a boat you know I know I know I know all that gold you've been stockpiling for years

yeah yeah and silver and silver Dave thanks for having me in you betcha my pleasure