➡ The speaker discusses their journey into investigating conspiracy theories, starting from their interest in the JFK assassination. They also delve into their investment strategies, focusing on gold and energy to hedge inflation. They share their writing process, emphasizing the importance of humor and specificity. The speaker also mentions their interest in the deep state, pedophilia networks, and satanic cults, and their efforts to expose these through their work.
➡ The speaker discusses various conspiracy theories, including the 9/11 attacks and the Las Vegas shootings, suggesting that the official narratives may not be entirely accurate. They also discuss the rise of Bitcoin and its potential future, expressing skepticism about its viability during a credit crunch. The speaker also mentions their experiences with various websites and individuals in the financial and conspiracy theory communities.
➡ The speaker advises young people to limit their digital distractions and instead focus on enriching their minds through reading and learning. He emphasizes the importance of taking risks and not being afraid to venture into the unknown. He also shares his personal experiences, including his journey in academia and sports, to illustrate the value of perseverance and adaptability. Lastly, he encourages his listeners to identify important problems and work towards solving them, rather than sticking to what they already know how to do.
➡ The speaker shares his life experiences, emphasizing the importance of having a backup plan and being able to forgive oneself for mistakes. He also discusses his approach to making big decisions, which involves asking himself if he could forgive himself if things go wrong. He mentions his work, including giving graduation speeches and writing economic articles, and the importance of humor in his life and work.
➡ The speaker discusses the importance of having money during economic downturns, like the Great Depression, to buy assets at low prices. He also emphasizes the impact of the government’s decision to inject $30 trillion into the system during the 2008 financial crisis, which he believes kept the banks afloat. He warns about the dangers of asset bubbles, which are caused by rapid increases in asset prices that eventually crash. Lastly, he criticizes the Federal Reserve’s handling of interest rates and the economy, arguing that low interest rates have squeezed the economy dry and that the most important market, where lenders and borrowers negotiate the value of money, has been destroyed.
➡ The text discusses the unpredictability and potential risks of investing in the stock market. It highlights how, despite appearances of growth, the value of investments can remain stagnant or even decrease over long periods due to factors like inflation and market volatility. The author suggests that the U.S. market may become uninvestable, similar to Japan’s Nikkei, and that the average investor may not fully understand these risks. The text also touches on the potential impact of economic and political factors on market performance.
➡ The text discusses various conspiracy theories and controversial events, including the Pentagon’s missing $2.7 trillion announced on September 10, 2001, the Las Vegas shooting, and the alleged cover-ups that followed. It also questions the credibility of fact-checkers and mainstream media, suggesting that they might be part of a larger scheme to manipulate public perception. The text also mentions the suspicious rise to power of certain individuals involved in these events.
➡ The speaker discusses various conspiracy theories, including claims about Wikipedia being controlled by the CIA and FBI, child trafficking influencing geopolitics, and the Epstein case. They also suggest that the Clinton Foundation is involved in child trafficking, citing the case of Laura Silsbee, who was allegedly arrested for trafficking children and had to be bailed out by the Clintons. The speaker also questions the official narratives of events like 9/11 and the Las Vegas shooting.
➡ The text discusses the issue of child trafficking, highlighting the case of Laura Silsby, who was arrested for trafficking and is now a high-ranking executive in the Amber Alert system. It suggests that child trafficking is a widespread problem, with estimates of missing children ranging from 500,000 to 10 million per year. The text also mentions the involvement of high-profile individuals and organizations, such as the Clinton Foundation and the royal family, in these illicit activities. Lastly, it discusses the role of Hollywood and symbolism in perpetuating these issues.
➡ The text discusses various conspiracy theories, suggesting that Hollywood is filled with corruption and that people are corrupted before they are given power. It also implies that there might be a connection between pedophilia, satanic cults, and masonic lodges. The text also mentions the Franklin scandal and the MK Ultra program, suggesting they might be part of a larger, hidden network of power and corruption.
➡ The text discusses various conspiracy theories involving celebrities and satanic rituals, child trafficking, and pedophilia. It mentions Marina Abramovic, a controversial artist, being in charge of the Ukrainian school system, and Oprah’s alleged connections to these activities. The text also talks about Tom Hanks and his supposed involvement in child trafficking. Lastly, it mentions a site called “50 voices” where victims share their experiences with these alleged activities.
➡ The speaker discusses their journey from being an average student to becoming a successful scientist and professor. They attribute their success to hard work, determination, and a willingness to take risks and go against the grain. They also highlight the importance of continuous learning and adapting to new fields. The speaker has held prestigious positions, consulted for major companies, and maintained continuous funding for their program for 45 years.

I think it’s true with actually all the shootings. I think most of the shootings are somehow if you’d find out they were state sponsored, there is not a single frame showing the plane hitting the Pentagon. It went right into the heart of security camera country. There is going to be another credit crunch. I’m going to be watching bitcoin like a hawk to see how it behaves. And at some point people say, well, how do you know it’s going to go down? I said, because there’s never in the history of investing been an asset class that got over fair value, that didn’t eventually to get under fair value.

That’s the law of the jungle right there. So I would say that the numb nuts at the Federal Reserve, 600 or 700 economists, they’re all idiots or too cowardly to tell the boss that he’s a idiot. And so my advice is read voraciously. If you’re young and you’re listening to this, I would get off this podcast because you’re going on rabbit holes and squander your life. That’s pretty good, but try it like this. I would not have achieved what I achieved if I was chasing rabbits. Who’s the most famous satanist in the world? Where you find the pedophilia.

Find Satan, satanic cults close behind. You can’t read about the pedophilia networks without hitting satanic cult connections, without hitting masonic lodge connections. It’s just that the Venn diagram is ridiculous. The more fact checking, the more the deep state’s cover in their ass. The risk is to be mediocre or to actually go make something of yourself that will. You’re doing it right now with these podcasts. You’re taking risks. Yo, what up? It’s donut and you tuning in to all your Illuminati news. And we are here with doctor Dave Colum. I’m so grateful that you’re here. How are you doing? I’m doing good.

And this is the first time I’ve done something with such an explicitly targeted title as the Illuminati news. All you Illuminati news? Yeah, we like to go over, we use it sort of a blanket term for conspiracy. I used that graphic last year in some writing. This is your graphic? Yeah. Oh, is that my graphic? We’re going to be going on the fly to articles. We have a lot of fun on the show. I’ve been on a journey to get wicked smart for the last year or two, so I’m very grateful to have a doctor who teaches Ivy League school.

I mean, I’m just very grateful, and I know my audiences as well. Well, hold that thought until the end. Okay. Yeah. So this is your graphic. You do some amazing work, everybody. Go subscribe to Dave columns, Twitter. I got all the links down below. But you do these years in review, going down the dark rabbit holes. And this is. This is what we enjoy. I call it the donut holes, but we go down these dark rabbit holes. And a few of the topics that you’ve brought in up are really dear to my heart, especially with what happened in Las Vegas.

But before we get into those, like, heavy topics, what brought you into looking down these rabbit holes of direct energy dues, Las Vegas events and whatnot? Well, so going way back, my first contact with weird, I was 18. I went to a talk by a guy named Mark Lane, who was Oswald’s lawyer, and he was traveling around the country. I don’t remember much. I wasn’t into that stuff at all. But someone dragged me there. And the one thing I vividly remember is he said that he was hired by the Kennedys to defend Oswald. And that always stuck with me.

And so, you know, it was not hard to convince me that Oswald was not the assassin. I started looking into markets in the mid nineties. Seriously? So I thought I wanted to go to Wall street, actually. I went off and did organic chemistry for many, many years and just paid attention to that. And then I started after I accrued some wealth, I got into the markets, and I love the complexity of them. I think that’s what really appealed to me. I happened to get serious in the early nineties, when the markets were rip roaring and everyone who had a half a brain the size of a half of a walnut could make money.

And I started reading about them. And by mid 98, I realized there was trouble. And by mid 99, I was out completely, 100%. Not a single stock, not a single mutual fund. And somehow I talked myself into going into gold. I think it was because I was paying attention to y two k. So I said, okay, so guns, gold, you know, that sort of thing. Prep turned out that was not correct, although it was correct to actually be prepared, because. Because risk is not what happened. It’s about what could happen and what the consequences would be.

So, as I like to say, you know, russian roulette’s a five to one winner, but you’d be stupid to play it. And then I kind of never looked back. So I. In the knots, I owned gold, equities and energy to hedge inflation. It never showed up in the magnitude I expected. But it turned out to be a great investment. So I compounded 13% a year through the knots while everyone else was getting crushed. Then, you know, I was on a bear market chatboard one year. I kind of wrote a little summary at the end of the year how I did, and added a few thoughts.

And then the next year I did it again. And then all of a sudden it went from 250 clicks to 9000 or something. What happened? And one of the guys said, oh, I put it on my blog. And I go, why do people read your blog, dude? It turned out it was a pretty famous blog not too many years later. And then in zero nine, I just said, okay, I’ve been investing for 30 years. Let’s do a serious job. And the serious job. So I wrote 2000, 930 years of investing from the cheap seats. And I not only talked about investing, but I also added some color commentary.

And I had some very prominent people reach out to me and say, wow, that was great. So every year it’s gotten more elaborate and it’s now, I’m now limited by time. So it’s gotten as long as 300 pages. And I try to keep it moving. So I try to avoid expensive laughs. Expensive laugh is where you have to take too much time to actually get the punchline out. So you really got to hit it fast. You don’t have all day. And at the same time, I try to keep it funny. So I try to. I’m always on the lookout for ways to insult people better and ways to describe things more colorfully and, and, you know, I read Jon Stewart’s book on the Daily show how it was created, and he said something in it that was very important.

He said, specificity said, you didn’t drown your sorrows in ice cream, you drowned your sorrows in mocha chip. He says specificity always improves the joke. I realized that was true. So things like that, little tiny tidbits. There’s a guy named a gambo guru who old guys listening to this might know. And I, I watched how he wrote. He was a wildly crazy writer. He died two years ago. I just found out. But I used to swap emails with him and stuff. But he had this incredibly vivid writing style that I said, why is that working? And that’s like Rudy Havinstein on Twitter.

I’ll never forget the day. I was thinking, this guy is really clever. And then one day he said, this is not fake. It’s not like the Loch Ness monster or North Dakota. And I go, that’s so twistedly funny. That was such a funny joke to me. And I said, how does Rudy do that? So I kind of watched Rudy and said, what is his style? So I kind of studied the comics, you know, George Carlin, what makes him tick. Things like that I try to include in my writing. I even include it in scientific papers. Believe it or not, I’ve been.

I’ve been trying to find a way to slip ligma into a paper, but I’ve decided it probably is not worth the risk. I noticed that with the website at Cornell. It seems to be like you slipped in a couple comedy in there as well. That’s how I took it when it was like the boss. I like that. Well, my group, the website, my group puts together the website, so. But there’s. There’s a section called Dave goes Rug, where I used to post everything that was online that came from me. That was not chemistry, but that’s become an impossibility now.

So I gave up on that. But there’s some. There are some treasures still in there. And then I started. I just started watching for stuff that the story, that beneath the story. So I started paying attention to Michael Lewis, for example. How does Michael Lewis do it? Well, what he does is he finds the plot that he’s kind of interested in, but he finds the plot behind the plot. So he was interested in, you know, the left guard, the blind side of a quarterback, and then he ran into what’s his face. I can’t remember his name now, but he ended up writing about this homeless guy who became all pro left guard.

Lewis is not as good as he used to be. He’s gotten too political, in my opinion, on the wrong side. And so he wrote a book about Trump, and I thought it was awful. Well, he might have that sickness, that deranged Trump sickness. Yeah. Trump derangement syndrome. Yeah. Yeah, I know. And so I started spotting stories that were just not being told. And oftentimes the first hint would come across zero hedge or something, which, you know, was. I remember when zero hedge, there’d be free comments in the comment section. It was a tiny little site. And Mark zero Hedge, I’ve been reading it for probably a long time.

Ten years or so. Right? So, zero hedge, one year, I uploaded my year in review, and I got invited by Dmitry Kofinas to come down to DC to do a Russia today interview with. On Capital accounts with Lauren Lister, who is a sweet woman and attractive. Oh, there’s Robbie. And zero Hedge uploaded my year in review, and it totally crashed the website. The traffic was so high. So. So every year, zero hedge posts it about a day after peak prosperity post, which is a Chris Martinson website. And I just watched for weird shit. So you mentioned, like, the Vegas shootings.

And within. Within about 12 hours of the Vegas shootings, I was already picking up strange patterns that sometimes it took me years, like 911. It took me probably seven or eight years before, you know, someone threw building seven across my computer screen. So I didn’t know. I didn’t think at all about that for a number of years. But Vegas, I figured out within probably less than 24 hours that there was something wrong with that story. And it turns out the entire story falls apart. The Vegas shootings. The entire 911 story falls apart. Right. That’s an easy one.

There’s no way you can put together a story that doesn’t involve some serious chicanery. Yes, that’s true with the Vegas shootings, too. I think it’s true with actually all the shootings. I think most of the shootings are. Somehow, if you dug deep, you’d find out they were state sponsored. I saw you say that on the conspiracy and cocktails, and I was so glad you said that because I grew up in Las Vegas. So I really hit home. And I was in middle school when 911 happened. And I remember building seven, and I remember asking the adults about it, and they didn’t have an answer.

They said, it’s just too hot. So buildings collapse when it. I didn’t know building seven collapsed for a number of years. That did not cross my field of view. Until a physicist sent it to me and said, look at this. And as soon as you see building seven go down, you go, that’s not right. Everything I’ve learned about physics says, that’s not right. And then you start digging into building one and two, and you go, that’s really not right either. And then you. And then you watch the videos, and there’s just. There’s 500 to a thousand things that are wrong.

You know, the Pentagon. There’s terrible problems with the story about the plane hitting the Pentagon. And they’re really kind of inescapable problem. Sometimes you find some stuff that gives you the creeps. But, you know, I wouldn’t stake my reputation on it. Actually, I do stake my reputation on all sorts of crazy shit. But, um. But the Pentagon story, for example, you just can’t make an argument that a normal plane hit the Pentagon, right? That can be blown out of the water so fast and how big it is in the track marks that also. Also the fact that there’s no footage.

How many cameras exist in Washington, DC? 100,000? Maybe there’s cameras everywhere. Why was the plane not intercepted? I mean, if I said to you, how long would it take to Scrabble jets to intercept that plane? The answer would be somewhere between 30 seconds and 0 second. Because I would think that maybe that Washington, DC would have fighter jets in the air at all times around it. That’s what they at least told us. And for sure, it’s true that they do. They could scramble it. And that didn’t happen. It’s absolutely not. And the plane flew to the Pentagon and it was doing 540 knots, a 270 degree turn that a bunch of jumbo jet pilots all said I couldn’t fly that.

The aeronautical engineer said the plane at sea level would rip apart doing 540 knots. I mean, there is not a single frame showing the plane hitting the Pentagon. I know people who I think I trust, who say, oh, I know for a fact it hit the Pentagon. But, you know, if you can’t show me footage, forget it. It’s not. It didn’t hit some obscure building in Sheboygan. I mean, it hit. It went right into the heart of security camera country. No footage. None. With that happening, it seems like it was like a missile or something. But this brings up the shenanigans in Hawaii.

I was in Lahaina, like a month or two before. Yeah, yeah. With. With a real estate crypto investor who I work for. And we traveled to Singapore, spoke to Jim Rogers, interviewed the bitcoin people as well. So, like, I’ve been behind the scenes. Jimmy Rogers, a bitcoin guy? No, not at all. I wasn’t predicted that. I was just on the phone with a guy who just spent time with hours and hours with Jimmy Rogers. So, yeah, yeah. Was not. And he said the thing that stuck with me because I. I like crypto, like bitcoin. I could see, like, the good stuff, but, like, you bring up, we haven’t gone through a credit crunch.

And also that Jim Rogers, what he said kind of stuck with me, too, because he was like, the government’s got the guns. That was his, like, whole. Well, that. Those are my two arguments. My big argument. One is, is that they’re either going to absorb it and make it normal, which makes it not bitcoin anymore, or they’re going to destroy it. And people say, oh, you can’t destroy bitcoin. I go. If they make it imprisonable by ten years in jail for using bitcoin it may still exist, but much of its purpose, at least as a resident of the United States, will be, has been clobbered.

And so there’s that. And then on top of all that, you know, I mean, it hasn’t gone through a credit crunch, and so we don’t know how it’s going to be. I’m going to be watching. There is going to be another credit crunch, and I’m going to be watching bitcoin like a hawk to see how it behaves. And what is a credit crunch? The credit crunch is where all of a sudden everyone is scrambling to get as much cash as they can. So when you have a heavily indebted system and all of a sudden everyone has to start covering their debts, which, the shorter the term, the more problematic.

Then all of a sudden there’s just not enough cash in the system. And in the past, we’ve printed our way out of it, basically, and we don’t technically print our way out. It’s a complicated story, actually, but what we do is we replace one asset class for another. So, for example, banks have to have a certain number of reserve assets. And we got pretty sloppy on that point leading up to 0809. And by the way, my first writing on the banking collapse was zero 2, May 6 of zero two. I described the whole bank collapse in about five pages.

The one I got wrong is I thought JP Morgan was going to be around zero, and that turned out to be wrong. But the rest, General Electric, General Motors, I got, I got the banking system. I said, you know, I talked about how that the whole thing’s going to seize up. And I talked about the subprime in O two. Now, I was getting it from the Internet, so it’s not like I was inventing these ideas. These are not mine. So in any event. So all of a sudden, there’s this scramble for cash, scramble for liquidity, as they like to say.

You’re very fast with that. I go on the fly very fast. Yep, yep. Add. We got add. And all of a sudden, banks don’t want to lend to each other, and next thing you know, there’s just no money. I learned that actually, when I was a kid. I was talking to my dad, who was a brilliant sort of street level economist who ran a company, and so he designed his pension plan and all that stuff. So he really was very good. And we’d sit at the dinner table and I’d make some stupid statement like, everyone should be paid the same, and he’d explain to me why I was just a dumb shit in gentle terms, but I go, oh, I hadn’t thought of it that way, right? So we straightened out a lot of bad thinking.

By the time I was ten, we talked one day about the Great Depression, and I said, so let me see if I got this right. If you bought real estate during the Great Depression, you could get rich, which is, you know, by low, right? And he said, yes, but nobody had any money. And somehow that stuck with me, if for no other reason, that 50 years later, I still remember that line. And I realized, therefore, when things really go on sale, you have to have money, which means when things are rocking and rolling, you have to go to cash because you can’t write them down, because if you write them down, you don’t have any money at the bottom.

And so. So you got to be astute enough to get off the freight off the train soon enough to have dry powder at the bottom. And, you know, these guys talk about, yeah, we, you know, we’re keeping some dry powder. I go, you know, 10% dry powder is not dry powder. You’re just diddling the edges. If you. You really want to make serious fucks, you got to get the hell out. So I completely and utterly did not lose any money to speak of in the.com crash and then made a ton that decade. And then what I blew was in the teens when I was confident the market had another halving in it.

I was confident. See right there in 2009, that low there, the very tippy bottom of that thing was slightly below historical fair value. If you look at a valuation chart and it was only there about a month. And if you say, well, what kind of bullshit statement is that? Well, that’s what Jeremy Grantham says to. And I had dinner with Mark Spitzte one night and he said the same thing. So I’m not nuts. You look at a valuation chart, we spent about a month below fair value. We fell from 35,000ft, but we never really hit the ground.

And the reason was because nobody, nobody, including the guys who did it, saw $30 trillion being dumped into the system. It was an unfathomable sum. And I don’t think Bernanke imagined it would take 30 trillion. I just don’t think that I’ve never run into anyone who knows anyone who ever said they would dump that kind of money in. I know people say, oh, yeah. I was saying, they do anything they have to. I go, that’s not the same goddamn thing. 30 trillion is not the same as saying they’ll do anything they have to do. 30 trillion is unimaginable.

But what they did is they swapped assets. So some assets they took possession of were just garbage. And so in that sense, they printed money. The other assets where they bought treasuries, what they did is they took assets that are not considered reserve assets. Treasuries don’t count as reserve assets. Curiously enough, if the bank has to have a certain amount of reserve assets, they don’t get to count their treasuries, as Silicon Valley bank learned. But they bought up the treasuries and gave them reservable assets so that the banks could be considered liquid again. The banks have been in life support ever since, in my opinion.

So in any case, we’re going to do it again because we’ve got huge debt and we’ve got new kinds of debt that very few people seem to know about. It’s called, for example, private debt. With someone like Melody Wright has been talking about the most of you’ve got huge, huge bubble in a number of asset markets. Bubble? What’s a bubble? Well, first of all, my original definition I thought was really cute. A bull market is an asset class that’s gone way up that you own, and a bubble is an asset class has gone way up that you don’t own.

But the other thing a bubble is, it’s massive appreciation pulled forward. If something’s fair value and then it goes up to three times fair value, that’s appreciation you’re not going to get in the future, period. And at some point people say, well, how do you know it’s going to go down? I said, because there’s never in the history of investing been an asset classic out over fair value that didn’t eventually get under fair value. That’s the law of the jungle right there with the Dow Jones right now looking into all this stuff for so long and understanding it.

When I look at it and I, you know, I’m not wicked smart in investing or whatever, I know more probably than the average, but looking at this just looks kind of crazy to me because it just looks like it’s just all the way up to the top. Is that a normal reaction? Well, you know, if you pan back, it can kind of look like that. The key is to look at a valuation metric, not a, not a price metric in 2020. I wrote about my opening paragraph, my write up. As I said, you’ve imagined you’ve just woken up from being in a coma for a year from, and, you know, your brain is damaged and whatever, and I described all the horrible things that happened that year.

And then you look up at the tv screen in your hospital room, and it says the s and P is up 13%. You simply. You simply wouldn’t believe it, right? So we shut down the economy right there. Imagine, if you will, a man wakes up from a year long induced coma. And then I say, you’ve entered the twilight zone. The president of the United States was impeached. All sorts of crap was happening. The 10% of the global economy corresponding to hospital insurers had been smashed on the rocks. You know, everything went wrong then, and the s and P was up 13%.

That it just shows you that there’s no correlation between markets and the economy. There are correlations between markets and other things, though. For example, Buffett very clearly, in 1999, stated that if you want to understand where markets are going to go in a secular way, just if you knew which way interest rates are going to go, you know which way markets are going to go. Now, short term traders love to think they understand that they don’t. So what Buffett says, in a secular situation where, meaning over many, many years, if the interest rates are going up, you’re screwed, period.

If interest rates are going down, you’re in great shape, period. He wrote that in a 1999 fortune article. He says it’s all about the long term direction of interest rates. Nimrods who were fresh out of college, sitting in a cubicle, think, well, that means low interest rates are bullish. I go, no, no, no, no. Dropping interest rates are bullish. Low interest rates mean you squeeze every last drop out of the orange. You’re done. So once rates are low, there’s only one direction to go. We got to zero. I mean, in Europe, they got to negative. This is insane.

There’s not supposed to be a negative interest rate. It’s nonsense. It’s only negative when the state intervenes to destroy. Now, what’s the most important market of them all? The most important market of them all? It’s the market where lenders and borrowers meet to haggle over the value of money, and they destroyed the goddamn thing. That’s by far the most important market. They destroyed the fucking thing. So I would say that the numb nuts at the federal reserve, six or 700 economists, they’re all fucking idiots or too cowardly to tell the boss that he’s a fucking idiot.

And then you get Bernanke, who talks about the Great Depression. Let’s go with Bernanke, the world’s expert on the Great Depression. Here’s the guy who talks about the Great Depression. And this entire presentation is about how the reason we have the Great Depression is because we blew it in the thirties. Anyone who’s got a brain bigger than a walnut, which apparently either Bernanke doesn’t have or hes a liar, knows that there was a huge credit bubble in the twenties, and the goddamn thirties was about unwinding that credit bubble. And in particular, people think of it as a stock market bubble and a margin bubble.

No, it was a consumer credit bubble. People were buying cars on credit, they were buying appliances on credit, and then they ran out of money and the economy shut down. Now, if you look at a plot of the Dow, since you’re so fast, go for it from 1900 to 1940. Boot up the Dow 19 1940. If you can pull it off that fast, the clock is ticking. You’re in a game show right now. You will see, I showed this to one of the top dogs in the Economist magazine, and he like gasped when he says, I’ve never looked at that.

So see to the left there. See the bubble? Go to the top, that’s 29, right? Yes, the bubble, if you just draw a line right through it, it turns out that, um, now don’t move from this image right now because I’m going to show you something else. But if you move right through that, the depression is just a correction. Now, without moving it, put your cursor over on the far left side, right up to the right of the 2500 label. What’s that about? 1906 is I recall. No, no, keep going left. Go all the way to the left.

All the way to the left. All the way, all the way, all the way right to the top. Go to the top. Now if you extrapolate across now, you’re at 29, 48. Now go over to what’s about 1981. Go to that bottom. It’s lower. From 1906 to 1982, on an inflation adjusted basis, you lost money on your capital gains. That’s what owning at the top does to you. Now look at 19, go back to 1929. When was the last time you hit the inflation adjusted 29 price and just extrapolate across and it’s go to that skinny little recession in the middle of the 1987 or something.

Go cut across right over 1990 something. From 1929 to 1990, something. You treaded water on capital gains. Oh, wow. Do you think people know that? No. Look at, go to the peak right, dead center. Go to peak dead center. Give you an idea how painful this could be. Go to the peak, dead center. Dead center of the plot right there. That peak. Yeah, right. 1966. When did we break even for the first time? 1966. Keep now move to the right. Right about there. Right from 66 to 95, that’s 30 fucking years. Now are we done? Or to the right off of this plot, are we going to get back there one last time? Because right there, go to that bottom.

See that bottom? That’s zero nine. And I said that was not a deep low, that was about fair value. Our next move could go well below fair value. And my prediction is that 67 peak at 66 peak is going to be reached again. Wow. I think it’ll happen during this dragon year. Okay, now here’s how I think it’s a better model. Go boot up the Nikkei. Now the Nikkei, boot up the japanese market. So from 1989 to 2024, what’s that? 35 years, we’ve gone nowhere. That’s without inflation adjustment, it’s without dividends, but it’s also without fees and without taxes.

Now here’s a tidbit. If you own that market, therefore, let’s say you were 55 years old, you are now 85 and you haven’t moved a yen. So if. And you say, well, who owned the japanese market? Well, a lot of people did, apparently, because 14 of the 20 biggest companies in the world were in the Nikkei. So a reasonable investor who’s not paying attention might say, well, then I better own the Nikkei because that’s where all the big ones are. Nvidia and Microsoft and you name it. Right? The 14 biggest, 14, the 20 biggest, that was.

They were ruling the world. And 35 years later, they haven’t moved an inch. Now, let’s say you’re a young punk. You just get out of Tokyo Institute of Technology and you start buying at the top. You don’t have a yen in the market, but you put in a thousand yen a week and you start averaging down, how long does it take? You averaging down, putting in a steady amount of money before you break even on your investment? The answer is 22 years. Wow. So I was on a Twitter space with George Noble, who was Peter Lynch’s understudy, and he said we could short.

And I go, look at that thing. You can’t short that. You can short v bounces. That thing just ate your lunch nonstop. You might be able to trade it. You’re better than me if you can. I can’t trade that. So that’s an uninvestable market. The US, I’m predicting, is going to become an uninvestable market. 40 years from now, you’re going to look up and you’re going to go, holy shit, we haven’t moved a buck. Boot up that m two money supply. One that you mentioned before we got on. This is from Ron Grice, if you can find it fast.

That is the performance provided by Ron Grice. The performance of the S and P 500, not corrected for CPI inflation, which is, we know is a shitty metric of inflation because it’s crooked. But it’s corrected for the m two money supply, which seems like an excellent metric of inflation since it’s the money, right? It goes down. Now, that’s just capital gains. So Ron sent me an update on that, said, okay, and you don’t have access to this one because I haven’t used it yet. He showed me the total return, which includes the dividends, and it turns out that the total return over that period averages 3.79%.

Now, that does not include fees and taxes. So the point is that in some sense, investing in the S and P is a bit of a mirage. And Ed Macquarie of UC Irvine did an analysis that went back 200 years. He said, except for some narrow windows, this is true. Buffett, in his 99 article said, look, if you include all the fees and all the taxes, all things you have, he didn’t include the tax on your income. But the other hidden stuff, he says the most you can hope to get is 4%, which I’m willing to call 3.79% is 4%.

Now take out taxes, you’re now down to, what, two and a half percent if you’re in a 401k. Okay, you get to compound it. The average boomer, the average investor, has no idea that the most they can hope to make is 4% from neutral valuations. From these valuations, which I have at about 150% over fair value, over historical fair value. How do I define it? I define as the average valuation from 1880 to 1995. You take that window and valuations just kind of channel along. They leave orbit in 94. It’s a very curious phenomenon, but they leave orbit in 94.

But any valuation metric, it channels around for about 100 years and then it leaves orbit. And the question is why? Mike Green, at one point in a Twitter space, I think it was the noble Twitter space, actually said that’s when indexing got big. I think it’s off on that little. I think indexing showed up a little bit later. Curiously, very recently, someone mentioned it was in 1994 that the China pegged yuan to the dollar, and then China grew like crazy and they pegged yuan to the dollar. And I haven’t yet been able to piece together why that would make the markets go nuts.

But what’s also true is corporate debt went crazy starting in 94. Things just lost their shit in 1994, never to look back. Except for now the markets are priced to return if you let legit p e ratios rule. And assuming that we don’t have an economic downturn, stuff like that, 3%. And that’s optimistic because once the froth starts coming off, and we are frothy, then corporate profit margins go to shit as they have to start paying off all this debt. Then everything just goes in reverse. Now, from 1981 to 2024, we start in 81 with a pe of six.

We start with, Russia’s desperate for capital, they start selling commodities like crazy. China is desperate for capital. They start selling labor at slave wages. Twenty cents per hour, sort of slave wages. A billion people working for us for $0.20 an hour. You got the boomer demographics hitting the workplace. They brought their wives with them for the first time, demographics, and say, all right, demographics is important. So the market goes from a p of six to whatever, 30, 35. Now you’ll see people say it’s 20. I think they’re, I think they’re lying to you. If you use case Shiller pes, it’s in the low thirties.

The market valuation shouldn’t move too much. It should flop around, but it shouldn’t trend. There’s no trending devaluation. If you’re trending, you’re saying, okay, we’re just going to keep getting higher and higher valuation. I don’t think so. It will become low valuation someday. Someday these markets are going to be cheap. The market valuation from 1981 to the present compounded at 3% a year. I think it’s going to reverse and compound at negative 3% a year over the next, over the next 40 years. And 40 years from now, I think you’ll look up and go, you know, the GDP has done fine.

The economy’s moved forward fine. Maybe it hasn’t. See, that’s the other concern. Maybe it won’t do fine, but let’s assume it does. And the markets haven’t moved, and now they’re fair value. I look into the conspiracy stuff, the conspiracy side of people knowing things are going to happen, letting them happen. There was just an article, Ray Dalio talking about civil war. Our friend just brought up. You read Ray’s book? Did you read Ray’s book, principles? Yeah, I think so. It’s one about market cycles. It’s basically the fourth turning, except he uses six. Oh, I have it.

I read a little bit of it, but it’s actually pretty good. It’s actually pretty good. I got it right there. I could. I could see it right in front of me. If the stock market is a mirage and we see the zillionaires getting richer, maybe it’s a mechanism to dupe people into destroying the middle class. Katherine Austin Fitz talks about missing billions. That preempted the 2001 911 stuff. Maybe that is when the economy went rogue. Do you know the date of that? This is a great story. I don’t know anything about this. It turns out Rumsfeld stood up in front of a microphone and said, the Pentagon’s missing $2.7 trillion.

That would be a headline moment. It turns out he said it on September 10, 2001. What a good day to bury the lead, right? I wonder if maybe old Donnie knew something was coming the next day that would make us not give a damn. Right there. You had it right there. It was right there. You did it right there. That’s it right there. Writers. Yeah. That’s bullshit. Writers, you know? Yeah, it’s. That’s why they click it. Checkers are farcically bad. The more fact checkers, the more the story is true, period. For sure. When fact checkers, when they start showing up and see that over and over and over, they’ll tell you Hillary’s laptop had nothing on it.

They’ll tell you all sorts of crap. They’ll tell you the virus didn’t come from a lab. The more fact checking, the more the deep state’s covering their ass. Now that you brought up the laptop, like Biden laptop, there was something that you brought up kind of switching topics with the Las Vegas event and the laptop. It wasn’t just the Las Vegas. Steve Paddock, who his hard drive gone. But I think you said that there was multiple shooters events that happened. Their hard drives. Hard drives were gone. So when I wrote about this, first of all, I said, when.

When I wrote about it, I said, you know, his laptops missing. And I said, satirically, don’t you hate it when you lose your hard drive? And then I point out, but this is. I said, but this is not abnormal. According to CB’s news, it was CB’s or ABC. It was one of the big outlets, wasn’t some blogger said, because they listed about five of the shooters that were famous. West Virginia, Virginia tech shooter, whatever. They listed about five shooters, and they said their hard drives were missing, too, and therefore, it’s normal. I go, no, no, no.

That’s not normal. Now, I’ll tell you, the guys who were on this story, Tucker Carlson was all over this. I guarantee if you got Tucker Carlson shit faced, he would tell you about the Las Vegas shootings, and he would be on board 100%. And day one, that the chief of police there said, I’m not sure that’s the chief. I don’t think that’s the chief. He said that. He said it had to be more than one shooter. It’s not humanly possible. And the very next day, the chief of police said it was only one shooter. The very next day, the chief of police now, I think, is the governor of Nevada right now.

Search now. Search Mike Kronk. Mike Kronk was a hick. Who was in the audience. Search Mike Cronk. Mike Kronk is now a senator. He was a hick from Alaska. And the only pictures of Mike you could find. There’s Mike Kronk. Describes his wounded friend, but his story’s changing right there. Yeah, yeah, yeah. There’s Mike lying his ass off. And then. And then someone else interviews him, and his story changes. Then he gets a little sadder looking, and then his story changes a little bit more. And then he goes and visits his friend in the hospital. Now, he said he got hit with.

His friend got hit with three shots in the chest. With an AR 15. Now, you get hit with three shots in the chest, no one is going to believe that you stuck your own fingers in your own bullet holes to stop the bleeding. According to Mike Chronic. That’s what his friend did. Then I said right away, so that’s still nighttime, you can see. And I suddenly go, holy fuck, why that guy? Just say that there’s no way. And then he goes. Then you know how 15 seconds later, YouTube rolls to the next interview, and there’s my cronk again, interviewed by a new network, telling the same story.

There’s 22,000 people at this place, and all they’re doing is interviewing my cronk. So then I start reading articles by surgeons saying, you get hit with one of these puppies, you are going to be going through a dozen surgeries to repair the damage, right? So Mike Kronk, it turns out he and a film crew go into the hospital where his friends at to visit him. Now, first and foremost, a hospital is not going to let a film crew into the ER, into the ICU. The guy’s got three AR 15 hits to his chest. The only way you’re going to know he’s alive is there’s going to be some screen beeping away, telling you that he’s still got vitals because he’s going to have tubes up every orifice in every office.

He’s going to be out. They’re going to have him in an induced coma, probably, right? And they go in, and there’s his friend laying in bed with a nasal cannula, and they’re chatting. And I’m going, what are you doing? Sticking your fingers in the hole so you can talk now. And then I notice my wife has had 60 surgeries. I know what an inside of a hospital looks like for a guy who’s never actually got a medical degree. The screen was not on. It wasn’t plugged in. So Mike Cronk was what’s called a crisis actor. Remember the guy got shot up on the floor with paddock, the security guard, Jesus Campos? That guy turns out to see that in it, there’s a picture of interviewing with Alan DeGeneres, by the way.

See, only I’m just gonna let that go because I can’t seem to hang it up. He’s sitting there with a buddy, talking with this guy. The guy looks like a handler. And then he goes on Alan DeGeneres, the guy sitting next to him, it’s the same handler, right, right. Alan DeGeneres says, and this is the only interview you’re gonna do, and this and that. But, but, but the day after he got shot, supposedly his house was surrounded by cars without license plates on him. What? And he heads off to Mexico. So when I wrote about that, I said, oh, by the way, jesus.

And by the way had two different Social Security numbers. And he goes off to Mexico. And I said, by the way, jesus, when you get back, we’d like to have a chat because we got a few questions to ask you. They explained his trip to Mexico. They said, well, he had planned a vacation, so apparently 500 people getting shot in Las Vegas is not enough for him to cancel his vacation. And then he comes back, he does Alan DeGeneres, who, by the way, is MGN, which, by the way, is owned by the same company that owns Mandalay Bay.

Oh. So then it turns out that if you watch the videos, there’s videos of this thing they’re shooting all over the strip. They’re shooting all over the strip. They’re shooting coming from every direction. Some guy took an audios and put them all together and said, and you could see it. You could see one shot’s going boom, boom, boom, boom, boom. And I was going, that, that, that, that. And you can. You can actually hear the overlapping guns shooting. And I am John Cullen. John Cullen is the guy who’s now come out from behind sort of disguise, thinks that the shooting was actually an attempted hit on Mohammed bin Salman from the helicopters behind the Mandalay bay.

Yes. And you know what? I remember when this was happening. I was working for a conservative news channel, and we were covering it heavily because I’m from Vegas. I know people that were there. Like, I’ve heard the story, so I know it really happened. You know, like, that stuff really happened. And the Jesus Campos, he’s on Ellen DeGeneres, which is like total mainstream propaganda. And she said, after this, we won’t talk about it anymore. That’s right. Explicitly, as in, like you, this is all you are going to get. And Jesus kept looking at his feet the whole interview.

He was very uncomfortable. His handler was handling the whole interview. And then Mike Cronk, elk hunting hick from Alaska, becomes the senator for Alaska. The chief of police, becomes the governor of Nevada. Another guy ends up in Lahaina. Laina. Right, right. For the fires in Lahaina. I’m not convinced. The Lahaina stories as deep and I. Dark as it could be. I followed a lot of rabbit holes on that one. Okay. Okay. It’s clearly a land grab. Yes. If you go to wick, remember that the body count, estimated body count of children. Like USA Today was saying, there’s 975 kids who are still missing.

By the way, when a kid’s still missing the day after that fire, they’re gone. Right? They’re crisp. You go to Wikipedia, you will find that the total body count is said to be 93. And there’s not a mention of a child dying. Wow. And the question is, why has Wikipedia got it so wrong? Well, it turns out that I happen to occasionally chat with the guy who founded Wikipedia, guy named Larry Sanger. And he says Wikipedia is totally under the auspices of the CIA and the FBI. He says it’s completely trashed at this point. Search children.

Search kids. Find out if there’s any kids. The word kid is mentioned or childhood. Nothing. There’s nothing. Nothing. No mention of dead kids. They were estimating a thousand dead kids, by the way. There was a bunch of missing school buses. That gets us to the question that I’m still racking my brain over. And that is where they trafficked off of Lahaina, because that’s my next rabbit hole. That’s what I’m going after. Hard. The traffic thing is that like the Epstein kind of stuff when you say it’s below the Epstein kind of stuff. So Epstein. Epstein did some trafficking, but Epstein was very high level.

I was on a Zoom call with a DoD intel officer, a lieutenant colonel, who actually never earned it. He just got assigned the rank. Very seemingly outspoken guy, very straightforward. I was fact checking him through the whole Zoom call. Very central to a bunch of shit, I think, a big player in defense intelligence, and somehow very outspoken. And at the end of the Zoom call, I said, tony, Tony, I want to. I’m interested in the role of child trafficking in geopolitics. So I care about child trafficking, but I really care about how much it’s causing, say, for example, Biden or Macron or these guys to do things that they do right? So Ukraine, for example, is a huge child trafficking hub, and we’re sending, what, $200 billion to Ukraine.

We should. We should just drop a neutron bomb on top of Ukraine and just start over. I mean, it’s just. The child traffic out of Ukraine is terrible. So at the end, I said, tony, I’m interested in child trafficking and its influence on geopolitics, and there’s some unbelievably powerful people. Mike Flynn talks about this. The third ranking guy in the Vatican, Carlo Vagani, who was on the zoom call with two, talks about child trafficking and its influence on the. The world leaders and stuff like that. So I get the end, and he starts talking about Epstein.

I said, well, we all know Epstein’s a big part of the story. And, you know, guys like Ehud Barak was banging chicks in his. There’s no doubt that there were big players. I would guess there’s at least a thousand guys compromised by. By Epstein. I’m not even convinced he’s dead, actually. I think they hit him somewhere. I think he probably got a facelift. He’s probably a chick now. Um, yeah, he transitioned. Well, there. Epstein, he was in Manhattan, and there was a blackout that happened right before his transfer to the other prison where he hung himself.

So I. Well, you want to see a funny one? It turns out if you look at the pictures of Epstein on the gurney, I’m going to give you the funniest conspiracy theory of them all. The funniest. Yeah. And I don’t know what probability to put on it, but it’s very funny. Epstein on the gurney. If you look at the pictures of him on the gurney, there’s oddities about the gurney pictures. They say they’re in a hospital, and you go, that’s not a hospital. Right? So there’s lies underneath that. Right. The gurney pictures, you have trouble finding them because they tend to get rid of things that get detected.

So the profile gurney picture shows a guy with a pretty hooked nose. And if you actually look at Epstein’s profile, he’s got a very straight nose. The other guys noticed the ear was wrong. The ears, like a fingerprint, is wrong. And so the guy in the gurney might not have been Epstein. Notice all the profiles when you search Epstein. So Epstein’s profile and the gurney profile don’t look like the same guy. Look at Epstein’s nose compared to that guy’s nose. Now, a lot of people focus on the ear. I don’t think the ears as compelling as the nose, actually.

So that doesn’t look like the same guy. So then, so then there’s a picture of a guydeh sitting, watching a baseball game in a Mets hat. And it says, this looks like the guy in the gurney, doesn’t it? And search mets hat Epstein, and see if the picture comes up just for fun. The guy in the Mets hat died three weeks before Epstein. He could be the guy in the gurney. And he died without any fanfare. And there was no real announcement to why he died or how he died or whatever, but it was. Wait for it.

Wait for it. Tony Rodham Clinton, Hillary’s brother, right there. And I’m sitting there going, okay, the eyes, this are not good. But if you were an intelligence guy and you needed a carcass, how could you resist not capping his ass? Some people thought they were sending Hillary a message, probably, but. Well, I think the odds are it’s not true. But it’s the, it’s, it’s, it’s, it’s. As I said, I said, I’m laughing so hard, I just wet myself when I wrote about this one. Right. So he died. They didn’t explain how. And there wasn’t a lot of press or anything.

I didn’t even know about this. Yeah. And then, and then three weeks later, there’s pictures of a guy in a gurney who looks kind of like him. And you can imagine Hillary going, holy fuck, it’s my brother. Right? Right. That’s wild. So again, I put probabilities on stuff. Nothing is a hundred. Nothing is 100% probability. I’ll tell you what. I’ll put 100% probability. I’ll put 100% probability that 911 in Las Vegas, that, that the story we’ve been told is bullshit. I just, there’s just details that could be dead wrong. Dead right. But Carlson was all over Vegas, and so in any event, you were talking about the helicopters, like, behind the Mandalay.

Behind the Mandalay, yeah. I think John Cullen gets credit for that. I did a podcast with him one day where I was really just kind of his straight man while he went through the case. Yes. That was a great show. And I was. I didn’t do anything. I just sat there and said, oh, that’s interesting. That was my role. But the thing is, is if you look up how Google buries it, if you look up helicopter, oh, you can’t find shit anymore. This pops up like, you can go shoot machine guns out of a helicopter in Vegas.

And I feel like that’s just bearing the story. And the fact that it’s buried tells you that they’re hiding something. And so. So I’m talking to this intel officer, and we talk about Epstein. He’s talking about Epstein. I said, no, no, no. I’m interested in the darker shit. Epstein. You know, when. When you see Bill Clinton get a back rub from some chick, looks about 17, you know, a 17 year old is legally a minor, but she also has agencies. You know, she. She could easily. You could say she knew what she was doing. Not legal.

Bills a slime ball. Oh, what a shock. There’s a news flash for you. Bills a slime ball. But. But it doesn’t. It. Yeah, right. You don’t sit there and go, oh, that’s just horrible. Right? If that was a five year old, you’d say, that’s just horrible. Well, Epstein was trafficking five year olds too, and he was trafficking five year olds and organs and shit like that. So he was deeper and darker, but that doesn’t get told because pictures like this, they’re willing to throw Clinton under the bus. We all know they’ll throw Prince Andrew under the bus.

Ehud Brock tends to get hidden still. And, you know, there’s a bunch of others, but I bet there’s a thousand guys who, if the story ever got told, would be in deep shit trouble because he’d been doing it for 40 years, right? So he had a lot of. A lot of images. And then Jimmy Savelle with the hospital Seville. Yep, yep, yep, yep. So I said, no, Tony, Tony, I don’t want to talk about FC. I want to do the deep, deeper, darker shit. So I said, okay, I’ve got a. I’ve got one question I want to ask you.

And I said, is the Clinton foundation trafficking children? He said, absolutely. Wow. I had dinner with Matt Taibbi one. One day, and I told him that story. And you can see him roll his eyeballs. When I. When I posed the questions and then when I said absolutely, he sort of recoiled back. So for most people, that would destroy their worldview right there on the spot if they were to find. Now the evidence. The Clinton foundation trafficks children is very strong. In the world of strong, Clinton operatives spent time in haitian jails for trafficking children. Laura Silsbee.

Look up Laura Silsbee, for example, Laura Silsbee was twice arrested for trafficking children. Had to get bailed out by the Clintons. She now. She now goes by her married name, which I can’t remember, which is fine. And do you happen to know where she works? You know, is Laura Silsbee new to you? Where were you familiar with Laura Silsbee before now? I kind of was looking into this, and I. And I stopped and tell. Tell me about it. Well, so Laura Silsby was trafficking. She got. She got arrested twice for trafficking. She got caught with, like, 35, 33 kids.

Actually, 33 is the number. The reason I remember is because some people take. Extend that to 33 is the magic number of the. The MASA, the Freemasons. And so I go. I go, yeah, that’s probably coincidence. And now, under her married name, she’s a high ranking executive in the Amber alert system. Oh, damn. So here’s what I suggest. If you wanted to find serious child traffickers, what you do is you look at who’s running all the various abuse and missing children organizations around the world. They are running it. Wow. Yeah. Keep your enemies closed kind of thing.

Well, the other thing is. So the estimates for how many kids go missing are anywhere from 500,000 to 10 million per year. And I don’t care which number you go with, it’s an unacceptably large number. Right, right. There she is. The alert sense. Lower left. That’s her running Amber alert. Laura Gaylor. Now is her name. Upper right. There it is. Busted. Trying to abduct 33 children in Haiti. Now, the Clinton foundation has had a pretty big footprint in Haiti, okay? And so this is consistent. Right now, one of the major hubs of child trafficking, as I said, is Ukraine.

The question is, why Ukraine? The answer came to me. Well, there’s an obvious answer, but I’ve had to watch and read some of the darkest shit I’ve ever had to read, and it really takes it out of you. It just. You’ll never look at a porn site again through the same lens, because you’ll realize that so many of those people, both male and female, probably got trafficked into the system. Wow. And so, and there, then there’s some junkies and stuff like that, and people are just down under luck. But, but there’s a serious problem there. I watched this to our interview of a trafficker, a european centered trafficker whose face was covered and his voice was muffled over, but he sounded legit.

He seemed to be answering honestly, seemed to be straightening out the interviewer and telling him, no, no, that’s not how it works. This is how it works. And at one point, they asked about grabbing kids off the street, say, in the United States. He said, no, no, no, it’s not worth it. That causes so much trouble. We can go to, you know, godforsaken places and pick up kids by the hundreds, and there’s no response. Right. You can grab any number of haitian kids, and that’s it. That’s it. You get them out of the country. You got them, they’re yours.

And it turns out the modern, the art, art trafficking world is a big part of child trafficking because of the impact court laws and what allows them to get art into the country. So why? Why? And the answer is, because is a third world country. It’s got first world flavor, but it’s also got a lot of third world flavor. And here’s the gruesome part. Puts out blonde haired, blue eyed kids. Now you gonna, and if you’re selling children on the open market, which do you think brings a better price? A blond haired, blue eyed kid or some kid from Haiti.

And the answer is the blond haired, blue eyed kidde. Wow. Now. And known to be a trafficking hub, so we should not be sending them any money. I mean, it’s just crazy. So here’s the question I like to ask. So if some listeners saying, this guy’s crazy, I will post you a question. I will post you a question. If there’s 500,000 to 10 million kids missing every year, and no one can test these numbers, there’s a big range because, because, for example, a kid can run away and he gets counted as missing, and then he comes back and then he runs away again.

He gets counted again. So there’s a lot of debris in those numbers, but they’re huge. And you’ll occasionally read about kids getting saved, like in sound of freedom, passive yell, who I think is straightforward. I don’t know if I trust Ballard. I don’t know if Ballard’s legit. I think Ballard might be legit, but also simultaneously grifting. So I think the story might be true, but hes also exploiting opportunity and hes got connections with people that you go, hmm, thats troubling to me. And I was on a Zoom call with him too, one day, and he said he was trying to raise $14 million for the sequel.

And someone chimed in and said, dude, you just made 150 million off the first one. And then theres some waffling about how well I dont get the money because of this and this. Well, the guys who did get the money should be happy to fork up 14 million more to make another 150 million. Right. Why are you at, why are you raising 14 million? There’s something just, just not right here. There’s a bunch of other concerns about Ballard. He might be a decent guy. It might not be fair. I think Kosoviel is legit with the whole, like, the whole, like, queue thing that was taking place.

Seems in my queueing on queue thing. Yes. Yes. It seems, in my opinion, very intelligent, orchestrated. What’s your thoughts on, on that? With I don’t know what Q and A, I’ve really not been able to figure out what QAnon is. It has gone from being, I think, something. My suspicion is it started life is as some former intelligence guys who had gone rogue. That’s my suspicion. But now it’s used to blame anyone for anything that’s anywhere right of center. So it’s gotten polluted at this point. And so, in any event, so all these kids are missing.

You see kids getting saved occasionally, appallingly small percentage. If a million a year disappearing and occasionally 30 kids get saved, that is not an impressive. Right. There’s 840,000. There’s one number. It depends who you ask, right. And then the question is once, while you’ll see some image of a trafficker. Now, these kids are not being sold into trailer parks, and I’m not trying to pick on poor people. But, but, you know, a lot of the serious convicted pedophiles end up living in trailer parks distant from schools because of the laws surrounding it. So they end up grouping together.

And so it’s just kind of a stereotype at this point. But they’re not being sold into trail parks because you don’t kidnap a kid and sell them for $50. And so the question is, who can you name? Who’s been arrested for receiving a trafficked child? Can you name anybody? Any rich person? Off the top of my head, I know. And you pay attention to this shit, and I do, too. The real criminals, the consumers are never caught. The client lists. Right. The client list, the Epstein client lists at this low dark, deep level, never caught. So this is what I’ve been trying to figure out.

I’ve been trying to figure out. For example, I think, you know, the royal family’s all fucked up. There’s a videotape of a kid shimmying out of Buckingham palace, lowering himself by tied together sheets, fucked naked. He falls and dies. Had to cover that up. You got pictures of Prince Harry and Prince Charles, or King Charles and Ghlaine Maxwell. And, you know, there’s just all sorts of perverted connections. Jimmy Saville, you mentioned he is a profound pedophile. And they were just like, oh, no, we were just filming a movie. Like, what? Come on. And it turns out, you know that eyes wide shut movie with Tom Cruise? Oh, yeah.

So I have this theory that Hollywood’s job, Hollywood apparently, is just filled with pervs. I’m not talking Harvey Weinstein casting couch crap. I’m talking about real pervs. Nickelodeon, for example, had some terrible scandals about all the kids getting molested up the kazoo. Literally, eyes wide shut just by. They filmed it in a couple of castles in Europe. Yeah, they were castles. That supposedly is where the pedophile networks were actually working out of. How did that happen? Is that just luck? What does that mean? They were Rothschild capsules. Castles. Yeah. Stanley Kubrick. I mean, these movies, they do the research, and every frame, every scenario means something symbolically.

We were watching a movie the other night that was kind of a Sci-Fi movie about multidimensional movement and stuff and weird behavior. I kept seeing black and white checkerboard flooring. And I know you have listeners. If you talk about this shit routinely. You have listeners who know what that means. That’s the satanic masonic cult crowd. The search checkerboard flooring. Satan. Yes. We very into. There you go. There you go. You’ll see this. That was all over the movie. That was all over the movie. Yeah, yeah. The symbolism runs deep. We see it all the time. There was even, like, something on Twitter now of, like, all these kids fighting at a trampoline place.

And there’s a checkerboard that, like, they’re on, like, it’s, like, all over the place, symbolically. So here’s the problem, though, is you never know when you’re being duped and you’re reading the room wrong. So, for example, Hollywood. I think. I think. I think Mel Gibson was right. I think Kanye was on to stuff. Obviously, Pete Diddy was in the ship. By the way, what have we heard from P. Diddy lately? Nothing. Right. That went away fast. I think they raided him just to get shit away from him. But I think Mel Gibson got tarred and feathered because he started complaining about this shit happening.

And so I think Hollywood’s filled with pervs. One of the ways to think about, you say, well, why are these people in positions of power, such pervs? And I think the answer is, you don’t corrupt people in positions of power. You corrupt them and then you give them power. Oh, yeah. Yeah. So, for example, we’re not going to see Tulsi Gabbard as president, right? Because Arizona, well, she’s probably not been corrupted because I don’t think, you know, military chicks are probably that pedophilic, is my guess. I actually think it might be so crazy that you get offered, they’ll look either gonna bang this 14 year old on film or you’re not getting any more gigs.

That’s it. It makes sense. I mean, like, how. That’s how they group every own you. Yeah. And they been doing this probably since Babylon, you know, like, I feel that’s what I feel like, that these power structures are very well played out. We can see that through studying the secret societies and the cult and whatnot. That they exist for a long, long time in this underground network, which is kind of like what we see happening today. It’s very strange. So one of the, if you are again, a novice to this issue, once in a while, one of these things breaks open.

Like the McMartin preschool trial, it kind of busted open. And it never made sense to me when the McMartin preschool, when they were all turned out to be pedophiles, because I, at that point in my life, I thought pedophiles were soloists, right? And what I didn’t realize is, no, actually, the strength comes from the network. And so these guys get convicted, and then years later, supposedly the kids all said, oh, we were coerced into saying it. And I feel bad and committing suicide and shit like that. And so you say, okay, that makes sense to me.

I actually think they probably had it right the first time. Now, if you want to see one that busted open, it’s one. It’s one of the Rosetta stones of the story. It’s the Franklin scandal. Oh, yes. Written by Nick Bryant. That really nails it. That really shows you what happens when the story starts to break out. So he dug into it, and it turns out that people started to get spooked by what was happening. And next, you know, the FBI is in there and they are just shutting that sucker down with everything they got. Yeah, we got to talk to him about five, Nick.

Yeah, yeah. So I asked about something I didn’t understand, and I got kind of a perfunctory answer. Matt, did you read the book by chance? No. No, I have not. No, no, no, no. I’m. I’ve just hopped rails. The other book that’s really interesting turns out to be chaos. It’s about the Charles Manson killings. Oh, yes. And chaos. I’m trying to remember who wrote that? Who wrote that? Tom O’Neill. Okay, so Tom O’Neill’s the guy reached out to. Tom goes to write a puff piece on the Manson killings as an anniversary story in some prominent magazine.

And so he goes to Hollywood, and he starts asking people, you know, tell me about the Manson killings. What was it like? What do people feel like? And he had people slamming the door in his face, but it wasn’t like, oh, you know, that’s a painful time. I don’t want to talk about it. Brings up bad memories, blah, blah, blah. He was having people slamming the door in his face. And then he. For 20 years, he dug through this, and he eventually got the smoking gun. So Manson kept getting away with shit that should have gotten him put in jail.

And he would get caught stealing cars, and next thing you know, the judge would let him off. And then he moved from somewhere in the midwest out to San Francisco while he was on parole, which never would have happened. And he’s hanging around the Haight Ashbury district and this and that. Next thing you know, his girls kill a bunch of people, right? And then O’Neill connects him up with a guy named Jolly West. Now, Jolly west is the Rosetta stone of the MK Ultra program run by the CIA. When Jolly west is in the plot, something very bad has happened.

That’s Jolly west right there in the fourth panel. So the CIA had control of all of the acid in the country. They bought it all up, and they were exploring it as a mind controlled drug. I thought MkUltra was bullshit. I thought it was some, you know, story that had nothing. But then I read about it. I go, holy shit. It was above the fold scandal in the early seventies by the church commission. There’s no question Mkultra was real. And the CIA said, well, it didn’t really work, and we’ve now wrapped it up, so shut the fuck up and leave us alone.

And we did. I think it did work. Oh, yeah. So who does Jolly west connect with? Well, it gets super creepy. So jolly west connects up with Timothy McVeigh. Wow. Jolly west connects up with. You’re not going to believe it. Jack Ruby. Jack Ruby never made sense that Jack Ruby killed. So. So Jack Ruby. They were evaluating whether Jack Ruby was capable of standing trial. Jolly west somehow inserts himself into the case, visits Ruby in jail, who, by the way, his real name is Jack Rubinstein. He’s not even italian. Jolly west visits him in jail and comes back and says to the judge, he’s psychotic.

He’s not capable of testifying. And the judge says, bullshit. And the judge sends a bunch more experts in. And every expert after him said, no, he’s totally psychotic. We don’t know what Jolly west did to Jack Ruby inside that prison cell. Oh, man. Jolly west connects with Manson, Ruby, Kaczynski, and I think he might connect up with son of Sam, David Berkowitz. I’m not sure about that one, probably. So what movie does this remind you of? Born identity. Oh, born identity. Manchurian candidate. Yeah. Right. I think Hollywood’s job is to what I call fictionalized reality. So when you think if you mention MkUltra and you describe it, they go, oh, that’s just the Bourne identity.

Immediately that person who says that has now anchored to a Hollywood fictional movie. And that’s what stranger things is all about. And that’s the good shepherd, right? Matt Damon, the good shepherd, their eyes wide shut. So Hollywood is either getting the accused from the whack jobs, or they are being told what movies to make. The Jolly West Manson connection was pretty eye popping. So I asked O’Neill, I said, great book. I didn’t understand why all the Hollywood elites slammed the door in your face. Right? And there were some who appeared to somehow be up to their asses and bad shit in some way, but it was worse than that.

And his response to me was, it’s in the book. No, I was waiting for that punchline, and it really. They were all just mums the word. I think it’s possible that this Hollywood pedophile network, the p. Diddy thing, the Mel Gibson thing, is. Is just everywhere. So now let’s go back to Ukraine. I know I sound like I’m schizophrenic. No, not at all. Not at all. Go back to Ukraine. So I’m reading about this shit. If you had said to me, who’s the most famous satanist in the world? Because where you find the pedophilia, find Saint satanic cults close behind, and whether we’re all being duped or whatnot, I don’t know.

But you can’t read about the pedophilia networks without hitting satanic cult connections, without hitting masonic lodge connections. It’s just that the Venn diagram is ridiculous. So if you’d said to me, who’s the most famous satanist in the world? Without hesitation. What said Marina Abramoviche. She has been written up as a famous a. She is, I think, in the Atlanta monthly. And. And she serves dinner parties where she serves up what look like cadavers. Spirit cooking. Yeah. And you’re looking at it going, geez, I hope that’s fake. And that she talks about mixing semen and blood. Right there she is holding the horn.

Oh, she’s not creepy. And you’ll find pictures that the artwork on the wall. And so she’s overtly a satanist. Oh, yeah. I, you will find her standing with elite people, including with Hillary. Oh, yeah, right. Lady Gaga in a very big way. Who opens up the inaugurations, right? Oh, you want to see a weird one? The 2012 London Olympics. I’ll keep talking about a brand. There’s Lady Gaga right there on the left. Yeah, right there. The 2012 London Olympics opening ceremony. It’s a satanic theme. The whole thing is satanic theme. There’s kids in bed. There’s demons haunting them in bed, in the infant.

See all those beds? Right? Oh, it’s surreal when you watch it. You go, who thought this was a good idea? And there’s these demons and stuff. And you go, what the heck is that all about? So in any way. So Marina Abramovic is the satanic person. She talks about mixing blood and semen, and it’s good for you. And then all of a sudden, you see pictures of famous guys with cuts on their fingers and, you know, what’s that about? Right? But look at that. Look at that thing on the right. Look at the thing on the right.

Right there. That’s the opening ceremony. And the kids on the beds are kids in their pajamas in the beds being haunted by demons running around the infield. It’s so creepy. There’s satanic symbols around the perimeter. And you go, who created this opening ceremony? Ceremony? So if you’re interested in that, you got to go find a YouTube. But there’s some unbelievable footage where you go, that’s just not for public consumption. So I’m thinking, I’m too deep. I’m thinking, Dave, you’ve lost your mind. And then I read above the fold, mainstream press, who’s Croatian, has been assigned the job by Zelensky of running their school district.

District. Marina Abramovic. Yeah. Search Marina Bromovic, Ukraine schools to protect the kids. Yeah. She’s in charge of overseeing the ukrainian school system. The biggest satanist on the planet. Right there. Top link. Gosh crazy. There she is. Look at that cadaver. There she is. Yeah. Who the hell would be caught dead with that woman? Lady Gaga. There’s a bunch of Hollywood types who are guilt by association. You got to be very careful. Now. Oprah is getting pounded. Now, you may recall that in Lahaina, Oprah got pounded for being behind the fires to get more real estate. You may recall that Oprah got nailed for trying to steal real estate at other times.

And so Oprah’s getting. Now there’s video footage of Oprah talking about children getting molested, which I think is not fair because she’s describing how that the predators make the kids feel good. Right? You take some fucking kid, you can make them feel good. And that’s what she’s saying. She’s saying it’s. There’s such an easy mark because you play into the lit. Physical, sexual stimulation. Have you seen this article where she stayed home during the lockdown for three, two days? That’s funny. So in any man saw. So Oprah, the connections of Oprah with these characters I don’t think is good.

But now search Oprah and father of God. Father of God. Okay. You’re really good at this. I could. This podcast would take six years. Father of God runs the satanic cult. Now. There’s pictures of Oprah with Harvey Weinstein, stuff like that. But that’s all I. And with Pete didding, that’s all expected. But there’s pictures of Oprah with father of God. And you go, that one’s tough to explain because he is doing serious prison time for running a satanic cult. There’s these guys called I call Pedo hunters. They are people who seem to be overtly trying to do the same thing I’m trying to do.

And one of them is Liz Crocken. So if you’re on Twitter, liz Crocken, L I Z and then c r o k I n. Former ABC News talking head. Now she’s full time pedo hunter. She goes out there and she lays it on the line. I mean, she calls. She calls out Tom Hanks for being a pet pedophile. She goes bananas. Wow. So, so I dug into the Tom Hanks story because Tom Hanks would also kind of fry your worldview a little bit. And there’s a video of him with his daughter in a beauty pageant. He looks creepy.

But I go, that’s not a smoking gun. I also worry about Liz. Liz, on the one hand, looks like she’s really a warrior, and on the other hand, you get a little bit of a feeling of lizcrockin.com, sort of a little of the grift potentially, but I don’t know. And I might not be being fair to Liz. So if Liz happens and somehow get wind of this, which you won’t, I reached out to her once, got nothing. I tried to go through her website to get to her. Well, also, the tom Hanks opened up the inauguration for Biden as well.

On top of Lady Gaga, there’s this. Tom Hanks has an odd photographic hobby in which at which search Tom Hanks photograph Glove src USA. See, that says SRC USA. And someone says, if you google that, you get nothing special. If you and I, by the way, went back and found Tom Hanks tweet. So that was not photoshopped in. That was Tom Hanks’s tweet. When you search it on brave, you get nothing. You go to Yandex and you can’t do it now. And I don’t recommend you do it, period, because of the risk involved. But you go to Yandex and you search src USA, and you hit a child trafficking site.

It’s just mug shot. It’s mug shots of children. Now, I was there for about 30 seconds just to figure out what I was looking at, and then I said, well, I’m already on somebody’s list. I’m not sure who, but it was, it was not cute kids. These were kids who looked like, you know, looks like a Craigslist for kids. And there’s some references to Tom Hanks and shit on the index site, too. So there’s a bunch of weird stuff, but it was really dominated by kid mugshots. About six months later, when I was writing this stuff, I wanted to check something at the site, and I thought, well, you’ve already been there, so it doesn’t matter.

So I go back to the site, I go back to Yandex, search src USA, and it’s been largely scrubbed clean. Now it’s just random noise. Once in a while, as you scroll down through the images, you hit a picture of a kid going, oh, that looks like it’s residual to me. That looks like that’s the type of thing that was there in large numbers. So the Hanks connection, the one thing that seems condemnation of Hanks is that particular thing. Now there’s articles out there saying Src USA is some marker for pipes under the ground used by the public works guys.

I don’t know, but there’s another layer of the onion. Let’s say you’re some spook in your fucking around with this stuff. You could easily say, oh, let’s do this. Put s take Tom Hanks, sRc USA. Let’s crank out a Yandex site. And let’s turn that. Because I think part of, part of the game must be to tee guys like me up to really make an asshole of themselves, which I might have already achieved, right? They might have already totally nailed it, but so they could take Hanks and then make this fake story such that when you fall on your face, you go, oh, I’m so embarrassed.

I’m not doing like y two k. I believed in y two k, and I’m never going down that rabbit hole again. The most prominent economist ever, super prominent economists who believe the y two k story, ed yard, Denny, afterwards, he said, I went down a one way street. I think y two k was actually a scam by the tech world to sell computers and software. I think they created the buzz to sell computers and software. Yardeni never made a difficult call again. He just said, I’m just going to be both. I’m just going to be bullish.

Never made a tough call again that I can find. I can’t even listen to him anymore because I know he’s not. He just, he said, never again am I making the mistake of going against the current. So in any event, so this is the world I’ve been paying attention to. And the problem is there’s scandals in Europe. I think Europe’s worse off than the United States, in part because the way they’re wired and in part because I think some of these networks follow royal lines. If you think of satanism not as some made for tv thing, but if you think of it as a religion, admittedly a weird one, like, I’m walking down the street and I’ll see a parent.

The kids, I go, I cannot imagine that parent treating that kid the way I’m reading about parents treating kids. So it really stretches your ability to imagine. But I can’t imagine any parrot doing. We know they do, right? We know parents do bad things to their children. But I look and I go, biologically, you’re supposed to adore these little critters no matter how monstrous they are, right? But supposedly there’s multigenerational satanic families where the kids go to school during off hours, during the weekends. They get farmed out into the pedophile network. It’s so unimaginable. But there’s a site called.

I think it’s called 50 voices. Wherever I. 50 people who were victims describe in about five minutes each their experiences called 50 voices and they each describe different situations. Sometimes it’s within a family, one of these multi generations. Some are clearly MK ultra like experiences. Annika Lucas is there. There’s some very famous victims who have. The problem with victims of the pedophile network to the extent, if you accept it as a real phenomenon, is that they are broken. They are broken personalities. They’re crackheads. They’re prostitutes. They’re schizophrenic. And some of them have been able to piece themselves back together and exist in adulthood in a semi functional way.

Now, when they step forward and they go against the system, it is so easy to destroy them. So if you read the Franklin scandal, what you find out is that half a dozen, at least, they found people who all confirmed the story. The fed stepped in and destroyed them all. Wow. They just shattered them. They said, look, you either change your story or we’re sending you to prison for years for perjury. And the guy who was invested, the private investigator the town folks hired to explore this thing died in a fiery plane crash with his son bringing information back from some trip.

So, you know, classic stuff he called the octopus murders where some guy got killed. He was chasing down a bunch of shit and his brother tried to retrace his steps. So this shit’s out there. Separating fact from fiction is nearly impossible. What you do is you end up painting this sort of impressionist painting in which you get an idea of what’s out there but no one fact is indisputable. That’s the problem. I had a couple questions for you because we were, like, past the top of the hour. And I’m so grateful for you coming on here as well.

I wanted to ask some business life success questions when I was looking through your year review. I love all the quotes that you posted on it. You even posted a John C. Maxwell quote which that really changed my life. I never. Remind me of the quote. Remind. You remember the quote? I don’t remember the quote. I did have it, though. But just seeing John C. Maxwell back in 2008 or whatever I started reading his stuff. I never got to go to school. I’ve been on this journey of reading books to get wicked smart, which is a Boston term.

And for those who don’t understand. Yes, I think that’s from goodwill. Hunting even, or something. I don’t know. It is. Yeah. But the thing is, is that half my family from Boston, and they’re very. My son’s in Boston. My son’s in Boston right now in case he’s not as wacky as me. But in my other side, there’s all entrepreneurs who didn’t go to school. And the question I got, because I was mentored by my family, I never got to go to colleges and whatnot, I took mentorship. So these are questions that I like to ask you, is the scheduling of working, being successful, waking up, going to bed, just, can you kind of tell me a little bit about your day of consecutively? Like, what brought you to success? What were some of the habits that, that you have that you could recommend? Yeah, I had a tortured path.

So in high school, I was an okay student, not a great student. I can remember my gpas for almost every grade back to first grade. For some reason, they weren’t that memorable. Although I had a window in there where I was getting a’s. Then it kind of middle school, I slipped back, and high school I went 313134 and then four one. And it’s clear that I kind of woke up and said, oh shit, college is coming. I better do better in school than I’m doing, right? That sort of thing. But turns out I ended up going to Cornell and say, how do you get to Cornell? Well, I didn’t know this at the time, but my family went there and I said, okay, maybe legacy, hail Mary, maybe legacy will get me in, right? And I got rejected.

Early decision. Then my dad said, well, your grandfather knows some people there. I’ll have him put in a word for you. And then I got in, and many decades later he died. I read his obituary, and he was president of National Alumni association, he was vice chancellor of the board of regents of New York State, which is the educational part of the state that pays all the bills for state schools, which is Cornell’s, one of them. And, and he was on the Cornell council, and he was the head of the GOP of Onondaga county. So he knew Nixon, he knew Rockefeller, so it’s not a shock.

I got in and then I worked my ass off every waking hour. Get up in the library at nine, came back at eleven, had to learn how to be a student because I wasn’t a good student. But eventually my grades went up again. I start out 296, how do you remember that? 296 1st semester, 305 2nd semester. These are not stellar grades, although it was hard. Cornell Ball busting place at that point at least. But eventually I sort of migrated my up, pretty much up to a 40 by senior year, last minute, decided against going to medical school and went off to get a PhD in organic chemistry.

I took a grad course. I got into a research group, took a grad course in my junior year. It was the second semester grad course, not having taken the first semester, having only one semester of non majors, organic chemistry. So it was a real suicide mission. And I remember on the second pre first prelim, I got 28 points below the mean. So I got my ass royally kicked. That was at the very bottom of the class. And I went to the professor. Look, I’m not afraid of a bad grade, but if you think this is stupid, maybe we should chat.

And I wasn’t going to quit, but I was willing to talk. And he said, no, I think you’ll improve. And so the second test, I got the second highest grade in the class, and that lit me up. You just can’t imagine. I did sports in high school and stuff. So the competitive edge finally caught in a serious way. I took three more grad courses, went off to Columbia, which was the best organic chemistry division in the world, and I worked for this brand new assistant professor, who I recognized was unusually talented. That was an insight that many missed.

And I said, there’s something about this guy. And he turned out to be a once every 20 year type. So Cornell second string goes off to Columbia as a genetics major, as an undergrad. So, you know, going off to a PhD program in organic chemistry was odd. So it’s contrarian to use market lingo. And then I got lucky. I got lucky the way the US beating the Russians in hockey in 1980. So it was miracle on ice by any stretch of the imagination. And I finished my PhD research in 14 months, and I got my PhD in two and a half years, and I got an unsolicited offer for an interview from Cornell.

And then I applied for jobs after that. I said, okay, I’m going for it. So here I am at the end of my second year of grad school, applying for jobs as an assistant professor, which was just unheard of. And I applied for twelve jobs and got 14 interviews. The other unsolicited one was Caltech, which for scientifically trained people will recognize that’s top of the food chain right there on the interview. I decided one guy at Berkeley convinced me I was thinking about it wrong. And so by the time I got done interviewing, I decided I was going to switch fields again.

And about halfway, I started reading about the new stuff. So, voracious reading. About two years in, I had raised enough federal money to make the move, and I abandoned everything I was doing and switched directions. And I went into a field that was very complicated. And some said I was going to completely fail, and others said it was crazy. And I survived and ended up thriving. There’s people who are more famous, better, better stats, whatever. But I put together 21 straight federal grants, for example, and statistically, based on the probability of funding is one in ten to the 13th probability.

There’s a lot of zeros in there. That funding record was presented to the trustees by my dean as a case study and success. And I’m the only guy that hold the four positions in the chemistry department, including department chair and stuff like that. But everything was always against the current. Everything was always against the grain. I think. I had this fear of succeeding and being mediocre. I think failing troubled me less than. Than succeeding, but not really succeeding. And then I got into this weird shit, and it’s worked pretty well. You and I wouldn’t be talking today if it wasn’t working.

I’m wrapping up my program after 45 years of non stop funding, continuous funding. I consulted for Pfizer for 20 years. I was on Merck’s long range steering committee, which, you know, there were five scientists in the world put on that steering committee, and I was one of them. Not a big award winner, in part because I never want to be nominated. So that doesn’t help. I don’t believe in letting some committee tell me my net worth. And so my advice is, read voraciously. If you’re young and you’re listening to this, I would get off this podcast because you’re going on rabbit holes and squander your life unless you’re going to.

You’re a professional rabbit hole or so. That’s okay. But I would not achieve what I achieved if I was chasing rabbits. And the other thing, more pragmatically, we are all distracted by the digital world. It’s somewhere between a TikTok addiction and at least a problem. And it’s true for me, too. I’m on Twitter, right? But I’m 69 years old. I’m done, right? If I had had a laptop and a phone when I was 25 years old, I never would have achieved what I achieved. So I tell my students first day of class every semester, if you don’t find a way to close your laptop, you don’t find a way to turn off your phone.

Even if you’re trying to get it right, your friends will want to text you, your friends will want to email you, they’ll want to talk to you. You got to find a way, because you will suck if you don’t find a way to shut the digital world off. It’s very hard because we use the digital world all the time. There’s that I discovered around 2005, audiobooks. When I ordered Paul O’Neill’s book after he left the Bush White House. I said, what the fuck is going on in the Bush White House? So Paul came out. I trusted him to tell the truth, and he talked about, you know, how they wanted to bomb Iraq from day one, period.

He couldn’t understand why. Why are you guys trying to get to Iraq? What did they do? Right? Explain this to me. So he wrote a pretty honest tale of the Bush White House being a bunch of neocons trying to bomb the shit out of everybody. But I ordered it, and it showed up as cds, and I was trying to figure out how to send it back to Amazon, and I finally said, fuck it. Just listen to it. And as soon as I started listening, I said, this is my medium. And so what I do is I actually tell my class, I said, turn off that Taylor Swift shit and the lady Gaga shit that you’re pumping into your heads as you walk up the hill and get non fiction, audiobooks, psychology, medieval history, roman history, history of science, you name it.

Economics, business, self help, whatever. One time I said to my group, it was about twelve grad students at the time. I said, I want you to go find a self help book. You define what that means. Read it. And then, and I’ve set a date for our group meeting that we’d have. And I said, you’re going to give us a ten minute book review on what you learn from that self help book. And then I used to. Weird shit. Like, for example, I used to have my students go pick two communications. Those are these little short articles, so it’s not a burden to read two of these things.

I want you to go pick two communications out of the literature. And then they’d show up with them, and then I’d randomly pick one of their two. I’d shuffle them, and then I’d deal them back out. And so they’d have one they chose and one they got by chance. I say, next week, you’re all going to come in, and for ten minutes you’re going to explain why these two research groups should collaborate. What is the Venn diagram? Overlap that allows them to find common ground, to use their two skills or interests to do something different and say, I believe in randomness.

I coach two collegiate sports. Name for me, a faculty member who coached two collegiate sports. One was taekwondo. I was a low level sport. I was a low level coach. I used to love refereeing. That was what I really liked. And beating the shit out of undergrads. They used to love beating the shit out of faculty members. So it was such a win win situation. And one of the guys I used to beat, then he got bad, and I said to the master, who was the man, he’s now 8th degree black belt, I said, that kid over there, he’s really good.

And the master, I hate calling that, because he’s really very americanized. He didn’t see it. Well, that guy ended up losing seven to four to the gold medalist in the Athens Olympics. I watched him go buy me, and then one day he came and gave a talk. He’s a professor at Penn. He came and gave a talk, and he gets introduced as having competed in the Pan Am Games. They didn’t realize he’d been in the Athens Olympics. And he stood up there and he said, I have such fond memories of Dave beating the crap out of me when I was an undergrad.

And I’m sitting on, oh, you are so bullshitting now. I said there was a time when I could, but there reached a point where I just couldn’t handle him at all. But I used to love sparring the undergrad, and then I was the head coach of gymnastics for a year, I think, and in any event, be different. Take, you know, there’s no such thing as no risk. So if you don’t perceive risk, that’s a risky path. If you perceive the risk, you’re on the right path. So there’s no way to avoid risk, right? The risk is to be mediocre or to actually go make something of yourself that will.

You’re doing it right now with these podcasts. You’re taking risk. And don’t be afraid of risk, and don’t underestimate. The guy at Berkeley told me I was doing something wrong. He asked me two questions. Well, first time at Berkeley, and again, I’m at the end of my second year of grad school, so I’m not really ready for interviewing for a job yet, but I am. And one guy was very famous. At dinner the night before my interview, he said, be very careful what direction you head, because it’s very hard to change. And I heard a guy not only telling me, choose your path wisely.

But also, a guy who sounded like maybe he wasn’t sure where to go at the peak of his career, he wasn’t sure what to do next time. Being interviewed by this guy, way outside my family, says, I got two questions for you. He says, what’s the most important unsolved problem in organic chemistry? And I’ve been a genetics major, so I pulled something out of my ass, I think I said something like, well, you know, chemistry of smell would be a good problem for an organic chemist. He says, oh, that’s good, that’s good, that’s good. And he says, okay, my second question is, why aren’t you working on it? And for the first time in my life, I was speechless.

And I thought about it for a second, and I’m just sitting there dumbfounded. And I gave him. It turns out I gave him the only answer he’d accept. There’s a lot of ways I could have blown it, but what I said to him was, and I wasn’t trying to get out of it at this point. I said, I never thought of it that way. So you tend to say, what do I know how to do? And what do I do with that? And what he was saying is, no, figure out what you should be doing and figure out how to do that.

And, you know, if I decided I had to do, you know, nuclear physics, that would be stupid because I didn’t have the skillset. But, for example, I’m in a field that’s called kinetics. It’s mathematical. I don’t have fucking calculus. I don’t have majors. P chem, which is part of. I took kinetics prelim and non majors, p chem, and got an f on the kinetics preliminary. And I’m now a kineticist. So part of it, because we got the drop of preliminary, and I. So I said, fuck it. And I didn’t study. And then I took it and I said, well, it shows lowest grade in the class of 150 on the.

In the field that I am now considered one of the world’s most prominent players. That’s awesome, right? So don’t be afraid to go off into the unknown. But at the same time, when I was a freshman, I wanted to go to vet school, and I decided not to because the probability is low. But it’s a subtle question because I had about a one in ten chance of getting into vet school. It was clear I was not going to get in on great grades because my freshman year was not very spectacular, despite lots of hard work. I just wasn’t a student yet.

But I also realized that at the end, I would have to take a bunch of courses and animal science and stuff to get into vet school, that if I didn’t get in, I would not want that education. And therefore, what I concluded was, you should compromise. Go to med school, and you can take anything to go to med school. All you have to do, you have to take certain science requirements. But what I did is I took a bunch of chemistry electives for laughs and then decided at the very last minute Christmas break of my senior year, sitting in the ground round with my girlfriend.

I’m doing on the one hand. On the other hand. And I said, I don’t know what to do. And she says, I think you do. I said, yeah, that’s right. So I went off to grad school on the assumption if I failed, I would just go to med school. Wow. When plan a fails, you’re in a shit show of a place. You better have thought through plan B when your head was still on straight. I send every major. Someone once asked me, what’s the thing you regret most? I couldn’t think of something, and they said, that’s amazing.

I said, well, maybe not buying bitcoin at $0.05. They said, that’s amazing. I said, well, I live and die by maxims and bye by aphorisms and by quotes. And I just. You wouldn’t believe I had to give four graduation speeches to the graduating seniors. And you wouldn’t believe the topics I hit. They were. They were entertaining. They were not normal graduation speeches. I think I got the biggest roar when I asked the mothers, what’s the smell coming out of their son’s room? But what I used my whole life, and that is I asked myself, I’m making a big decision.

If this goes very poorly, will I forgive myself? If the answer is yes, then go for it. The answer is no. It means you don’t really believe you should be doing it. It’s not a well thought out idea. And so when I went off to grad school, I said, yeah, sure, I’ll forgive myself. I’ll just go to med school, right? So you get married. You say, if it doesn’t work, you go, well, it means your reasoning was fine and it didn’t work. And, you know, I. I sold the shares of a company called Labcorp. That went up a hundredfold.

But I know why I sold them. It would have been nice to hold on to them for a hundred bagger. I didn’t. You know, that’s amazing, that. Thank you for sharing that. Well, thank you for asking questions as important as the answer. Yeah, this has been absolutely wicked smart. Mind blowing. I got wicked smart. I got all of Doctor Dave columns, links down below Twitter. I’m looking out for all of your information. Where would you like people to go subscribe? What? Nothing. I published that at peak prosperity. But if you’re on Twitter, you can’t miss it.

You probably. If you’re online just reading anything remotely economic, you probably can’t miss it. I was talking to some guy from fidelity. It was in my office, and he started talking about my year in review, not realizing it was mine, you know, shit like that. I was talking to some currency trader from Singapore, Larry Summers. Read the fucking thing. Nice. Part of it got uploaded to the congressional record. Katherine Austin Fitts uploaded an entire section on the pension crisis coming in her solari reports. And it. It makes the rounds. I try to make it funny, but it’s getting hard to be funny.

It’s getting very hard to be funny. I like the humor a lot. It helps with the learning, in my opinion. Well, also keeps you going, right? It gets tight. If it gets boring, you’re gonna. You’re gonna rap. Yeah. Well, thank you, doctor Dave. Calm everybody. Smash that, like, button. Share this video out. Go subscribe to all the links down below. Much love and God bless.
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