Collumoscopy: Dave Collum's Year-End Review of 2020
Dave Collum teaches chemistry at Cornell University. He is one of the most savvy market analysts around.
He invests in gold, near-cash assets, and not much else.
He is also the funniest economic analyst around. Yesterday, I sat in my chair and roared with laughter.
He is 65. His description of the stages of a man's life sums it up quite well.
We are all biodegradable and progress through three stages of life: stud, dud, and thud. I thought getting old would take a while. I was wrong. You start life trying not to wet yourself and end life trying not to wet yourself. The middle is the fun part. The final days—pretty much gruel and drool I figure—will probably suck.
He thinks the stock market is the mother of all bubbles. He has the charts to prove it.
If you are interested in the utter insanity of the FED and the government's subsidies to rich and unscrupulous corporate CEO's, you had better read the first half. Consider this:
Bailouts were run by a Treasury deputy secretary, Justin Muzinich. To avoid conflicts of interest during his impending junk-bond buying spree, he transferred his junk bond portfolio to his father’s company that specializes in junk bonds. Shockingly, ethics experts were a little creeped out noting that Justin can simply get them back after leaving government. “This is something akin to a fake divestiture,” said a law professor and ethics specialist. As the bond market rallied Muzinich & Company recouped billions in losses as they traded with newfound clairvoyance. A Muzinich executive noted, “The Fed has been about as supportive, helpful, accommodative—whatever word you want to use—as anyone could imagine.” Indeed they were.
In the second half of his report, he surveys the activities of the wokesters: the lies, the censorship, the ruthless war against anyone challenging their agenda. He offers dozens of cases of the innocent victims of cancel culture -- including himself.
Also, he has some amazing information on Jeffrey Epstein that the media did not cover. This one is a grabber.
There was the 2020 story of Judge Esther Salas who’s husband and son answered a knock on the front door only to be shot, and the son killed, by a guy in a fake FedEx uniform. Authorities soon traced this heinous crime to an “anti-feminist” named Roy Den Hollander. He sounds like a supremacist. Roy Den killed himself before the authorities caught him.ref 18 Bad break. Shit happens I guess, but the FedEx costume only makes sense if Roy Den didn’t realize he was gonna swallow the muzzle.What the press did not notice was that the judge had just taken on a case having to do with money laundering at Deutsche Bank involving Epstein. Gettin’ a little creepy, eh? Well, ol’ Roy Den may have been a crazy hick, but here’s the “killer”: he worked for several sketchy companies including Kroll Associates Moscow Office where he “managed and upgraded Kroll’s delivery of intelligence and security in the former Soviet Union.” Kroll seems to be one of those Blackwater-like intelligence companies with recorded ties to all of the three-letter agencies you can imagine (MI6, FBI, CIA….) as well as Blackwater, the Mossad, the Clintons and Bushes, lots of Rooskies, and even Robert Maxwell, Gizz’s notorious father. Did Judge Salas’s family really get hit because she was a feminist? To close the loop and add the “ooooh” sound effect, Epstein’s private wealth banker dealing millions of dollars through Deutsche Bank and Citibank for over two decades
His section on Covid-19 and the lockdowns confirms what we have suspected.
Collum's report is the size of a book: 221 pages (8.5" x 11"). Printed as a book, it would be at least 300 pages. He is thorough.
Warning: his rhetoric is X-rated.
Access it here.