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Those who are unfamiliar with Mike Stathis can learn about his credentials, background, and his investment research track record here, here, and here.

Examine Mike Stathis' unmatched track record of predicting the 2008 financial crisis, enabling investors to capture life-changing profits by checking here, here, here, here, here, here, here, here, here, here, here, and here.

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The Chemist Who Thinks He’s a Wall Street Legend

Dave Collum has spent his life as a chemistry professor. And he’s had a respectable research career. But he’s never worked as a finance professional. He’s never worked on Wall Street, never managed money, and never analyzed a company balance sheet for a living.

That’s worth repeating, because for reasons only known to him, Collum acts like he’s some kind of investment guru. Maybe it’s because he spends too much time hanging around libertarians. Think of the libertarian cult as the "Scientology" rendition of business, finance, and economics. Libertarian kingpins are infamous for disseminating crack pot conspiracies, pessimism porn, and delusion.

The “Expert” With No Expertise

Over the years, Collum has given hundreds of interviews, not on chemistry, but on markets, politics, and economics. He’s become a regular speaker in the scammy, disinfo peddling circus show consisting of Kitco along with dozens of other precious metals dealers, Financial Sense, King World News, ZeroHedge, Stansberry Research, Casey Research, dozens of other precious metals kingpins (Eric Sprott, Rick Rule, Mike Maloney, Robert Kiyosaki, Catherine Austin Fitts, etc.), "hard asset" investment conferences and podcasts, as well as hundreds of lower level gold-pumping channels on YouTube, otherwise known as ScamTube for obvious reasons.

This entire network of portals and hooksters is tightly aligned with the very scammy copyediting industry. See Mike Stathis Exposes Financial Copyediting and Money Show Scams

More on the Scammy Financial Copyediting Industry

Before we continue, ask yourself why the world's #1 investment analyst in history (based on a verifiable, timestamped audit by ChatGPT, see here) has been banned by all media (both mainstream and alternative) for twenty years running from day one.

Yet, some guy with no Wall Street experience, no track record, who doesn't even work in a related field is promoted all throughout the alternative media circuit as some beacon of economic and investment wisdom.

If you don't instantly know the answer to this question, then you have much to learn.

In short, all media is based on sales and promotional content. Sales and promotion means the audience functions as the sucker because they are the ones who take the bait. That drives the money machine. The audience is lured by crafty con artists, crack pots and useful idiots being positioned as experts by the media in order generate sales and mislead the audience in other ways that benefit the media and its advertisers.

See: Mike Stathis Explains How the Financial Media Scam Operates

That relationship explains why you constantly see broken clocks, contrarian indicators, con artists, clowns, and useful idiots (e.g. Jim Cramer, Peter Schiff, Jim Rogers, Jim Rickards, Harry Dent, Jeff Gundlach, etc.) plastered throughout the media, both mainstream and (especially) alternative.

The scheme is all too easy to spot when it comes to the financial media.

Despite lacking any credentials in the financial industry, for some reason people treat Collum like a market sage.

Why? Because the same gold-pumping media circuit that platforms Peter Schiff, Porter Stansberry, and Alex Jones needs new faces to recycle old hysteria. Collum is their latest useful idiot.

Every time Collum opens his mouth about the markets, it’s the same script: stocks are overvalued, collapse is imminent, hyperinflation is coming, gold will save you, and maybe throw in uranium or farmland for variety.

Bird of a Feather...

Collum’s basic philosophy resembles the libertarian playbook of delusion, greed, and conspiracy. Libertarians worship extremists like Milton Friedman and crack pots like Ayn Rand, while parroting talking points from Tucker Carlson, Zero Hedge, Alex Jones, and the Mises Institute. It’s the same paranoid anti-American, pro-Russian echo chamber that feeds this cult’s entire worldview.

For several years now, Collum has been a contributing member of the libertarian podcast circuit, where all the participants and cult memebrs agree that the dollar is doomed, stocks are overvalued, hyperinflation is imminent, and gold will save civilization. It’s the same boilerplate fear narrative that’s been selling scammy newsletters for decades.

The libertarian swamp often turns scientists into ideologues, and investors into paranoids. But Collum isn’t leading that charge. He’s serving as the perfect useful idiot for those who do.

Listen to Collum as He Tells You Who He Knows and How Important He is

So it’s no surprise to learn that Porter Stansberry calls Collum a “legend among Wall Street analysts” (see the video below).

Who is Porter Stansberry?

Stansberry started in the pizza delivery business before he reinvented himself as an investment copywriter and serial fear-peddler. His “End of America” infomercials have misled millions of investors with lies and doomsday pitches. For decades, Stansberry has been swindling millions of people with false claims, hyperbole, and fear-mongering pitches.

Collum is a mere a prop in the same fear-peddling machine Stansberry and many other libertarians operate.

Dave Collum is an Ivy League professor lending borrowed credibility to financial grifters.

Check the links below for more on Porter SCAMSberry.

The Boston Blackout of 2023 - Porter Stansberry's Latest Fear-Mongering Scam

Jewish Scam Artist Porter Stansberry, Jewish Media Crooks, and the Biggest Tax Scam

Casey Research, Stansberry Research, and Agora Financial - Copywriting, Fear-Mongering, Gold-Pumping Cons

Disinfo Clowns Robert Kiyosaki and Porter Stansberry Unite to Scam More Suckers:

Jewish Scammer Porter Stansberry Teams Up With Fellow Tribesman Marc Chaikin to Pitch Scams for BS and Lies

Yahoo Finance Jewish Cons Whore More for Jewish Con Porter Stansberry

Porter Stansberry, Jewish Media Crooks and the Biggest Tax Scam

Jewish Media Scam Yahoo Whores More for Jewish Tribesman Porter Stansberry

Everyone Wants to Know What Porter Stansberry Knows about the Death of Ray Rivera

Another Charlatan from "Faux Hero Syndicate" Joins Porter Stansberry's Boiler Room

Agora Financial and Fraudster Porter Stansberry Have a New Pitch for You

Another Charlatan from "Faux Hero Syndicate" Joins Porter Stansberry's Boiler Room

Mike Exposes Porter Stansberry's Latest Scam

Ron Paul: Paid Whore for Scam Artist Porter Stansberry

Is Peter Schiff Any Different than Porter Stansberry or the NIA?

Peter Schiff Exposes Porter Stansberry's False Claims to Make You Think He is Different

Porter Stansberry the Clown, Preying on Sheep

The Self-Proclaimed “Forecaster”

Collum has convinced himself that he predicted both the dot-com collapse and the 2008 financial crisis. He trots out these fantasies every time an interviewer lets him ramble. He repeats these lines with a level of confidence that's almost convincing, if there were a shred of evidence behind them.

His “evidence”? A string of stories about what he supposedly thought or did decades ago, and a 2002 email admitting he was a gold bug who justified fearmongering because his fear was “legitimate.”

That email is his trophy. He points to it as proof of foresight, even though it was written during the middle of the dot-com collapse, just eight months after the September 11, 2001 World Trade Center disaster.

Take it from someone who was working at one of top MBS originating firms, Bear Stearns. There wasn’t a real estate bubble to speak of in mid-2002.

Moreover, Collum's email was most likely just a rehash of what he had read on various gold bug and other conspiracy forums. Most important, it contained zero data.

Sorry, Dave, but a rambling email full of gold-bug panic isn’t a prediction.

As the only analyst who actually published detailed forecasts and actionable strategies that nailed the 2008 crisis in advance, I find his revisionism offensive.

See: Mike Stathis Explains How the Financial Media Scam Operates

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Stathis' 2008 Financial Crisis Track Record: [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] and [13]

Chapter 12 of Cashing inon the Real Estate Bubble (2007)

Chapter 10 of America's Financial Apocalypse (2006 original extended edition).

Chapter 16 & 17 Excerpts America's Financial Apocalypse (2006 original extended edition).

Quotes from Mike Stathis's Books Proving He Holds the Leading Track Record on the 2008 Financial Crisis

ChatGPT analysis: [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18]

2008 financial crisis track record Grok-3 analysis [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30]

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The “Math Flaw” That Doesn’t Exist

Now Collum claims he’s uncovered a “math error” in the Roth IRA, which he claims makes it "a bad deal" for everyone. He goes on to recommend everyone avoid investing with a Roth IRA.

His entire argument against the Roth revolves around the effective tax rate before and after retirement, muddled with confusion about marginal rates. It’s a word salad dressed up as insight.

Imagine the size of his ego. Collum actually believes he’s discovered a critical flaw missed by millions of financial advisers, accountants, and economists over the past 25 years. According to Collum, the whole financial profession just “missed it,” but the chemistry professor cracked the code.

He must be a genius.

Or maybe he’s just another overconfident amateur high on his own contrarianism.

Bottomline: Collum’s math isn’t wrong because it’s controversial. It’s wrong because it’s stupid.

Dave Collum 2014 Stansberry Investment Conference On the Roth IRA May 2014

Collum’s Roth IRA “Conspiracy”

As shown in the videos I’ve posted, Collum’s Roth IRA thesis is reckless nonsense disguised as “independent thinking.” His explanation is filled with errors and shallow assumptions. He’s wrong on taxes, compounding, risk, and basic arithmetic.

He doesn’t even understand how Roth IRA mechanics work.

But Collum is proud of his Roth criticisms. He even invites people to challenge him.

Fine. I’ll take that offer.

Dave, let’s debate live, on neutral ground. Each of us puts $50,000 in escrow. The winner (determined by a panel of experienced certified financial advisers) takes the full $100,000.

I’m ready. How about you, Dave?

Of course, Collum won’t debate. The moment you prove him wrong, his ego takes over. He stops listening and retreats into denial, just like every other self-anointed gold prophet.

At most, he’ll try to incite others whom I’ve previously exposed as scam artists to attack me because that’s the kind of "man" he is.

Final Word

Dave Collum’s Roth “analysis” serves as a masterclass in misunderstanding.

Despite what Collum would have you believe, he’s not a Wall Street legend or an investment analyst. He has no idea what he's talking about and listening to him is likely to lead you to the poor house.

Simply put, Dave Collum is a chemistry professor playing economist in a cult that rewards delusion. His financial “insight” is a collection of recycled libertarian talking points wrapped in academic arrogance. And it belongs in the fiction aisle, right next to the gold-bug manifestos that inspired it.

I’ll be publishing a full breakdown of his Roth blunder soon, as well as a deep dive into the con artists and libertarian kingpins he surrounds himself with.

For now, I'll give you a taste of what's to come from the video excerpt below.

More on Dave Collum

Cornell's Conspiratorial Crackpot, Dave Collum Giving Terrible Investment Advice