With persistently high inflation, higher costs of living, reduced consumer spending, rising unemployment and layoffs, are we heading to an economic recession, if not already in it? If so, what’s the best course of action that you can take to protect your investments? In this episode, we highlight the importance of understanding market and economic conditions while learning how to protect your investment portfolio to mitigate losses.

Cornell University professor, Dave Collum joins us today to talk about the national and global economy, the threats to the system that can cause its breakdown, the ways you can protect your money, and investing in commodities and other assets. Learn about hidden inflation and why Dave believes we are at the top of a colossal bubble. As a plus, find out how we can be better investors by developing a critical thinking mindset amidst the proliferation of propaganda and fake news spreading across the various areas of our lives.

Key Points from This Episode:

• Dave’s educational and professional background

Tweetables:

“The age of monetary policy may be over.” - Dave Collum

“We finally have discovered that if you use profoundly loose monetary standards for a very long time, inflation will eventually show up.” -  Dave Collum

“Every single time in history that someone has forced rates low ends in tragedy.” -  Dave Collum

“The birth of the internet is democracy's greatest hope and worst enemy.” - Dave Collum

“I throw truth bombs out there, whether right or wrong, hoping that the people who hear the preposterous things I say will start to notice and question what they're being told.” - Dave Collum

“We're about to face an economy where fewer people are providing goods and services to more people and that's not a good situation.” - Dave Collum

“When I make decisions, I ask, if this decision goes very bad, will I forgive myself? If the answer is no, I don't do it.”- Dave Collum

"I'm not disappointed you lied to me. I'm disappointed I could no longer believe you." - Dave Collum

“There are claims out there by demographic legends that the world is actually about to face a demographic collapse.” - Dave Collum

“Understand the truth about the world today, about how things work, about how things are playing out underneath the surface.” - Tyler Chesser

Links Mentioned:

Dave Collum on Twitter

Year in Review 2021

The Price of Time by Edward Chancellor

The True Believer by Eric Hoffer

Propaganda by Edward Bernays

The Origins of Totalitarianism  by Hannah Arendt

Invest with CF Capital

About Dave Collum 

Dr. David Collum, MA, MS, Ph.D. is a Professor at The Cornell University. He received his Ph.D., MA, and MS degrees from Columbia University.