In this interview, Cornell professor and macro commentator Dave Collum joins us to discuss the biggest risks facing the global economy today. Collum explains why he believes modern financial markets are increasingly driven by central bank policy rather than fundamentals, warns that U.S. markets could be 100–200% overvalued, and argues that private credit may become the trigger for the next financial crisis. The conversation also explores the implications of the $39 trillion U.S. national debt, the future of the U.S. dollar as the global reserve currency, and why Collum believes CPI inflation could reach around 10%. In addition, he shares his views on gold, silver, and platinum, discusses whether capital could move into hard assets during a credit crunch, and explains why he is cautious about Bitcoin and AI’s impact on jobs and economic power. If you’re interested in macroeconomics, inflation, gold investing, market bubbles, and the future of the global financial system, this deep-dive conversation provides a unique and independent perspective.

🗓️ Recording date: March 17, 2026

📖 Chapters
0:00 Intro
0:49 Introduction
1:18 Are Markets Controlled by the Fed?
2:28 The Future of the U.S. Dollar
4:33 $39 Trillion Debt – What Breaks the System?
6:59 Inflation vs Hyperinflation
10:42 Where Is the Biggest Bubble?
11:49 Where Will Capital Flow Next?
14:50 What Is Gold Signaling?
16:17 Silver vs Gold
18:52 Platinum Opportunity
20:22 AI and Economic Power
22:01 Will AI Destroy Jobs?
23:41 Advice for Young Investors
25:30 Dave Collum’s Yearly Financial Review
27:45 Closing Thoughts