"If Our Entire Economy Depends On Data Centers, We Are F*cked" | Dave Collum

<p>Mentor Sessions Ep 099: Dave Collum on the AI bubble bursting, the bond market at 6%, boomer asset liquidation, and why gold and Bitcoin win as valuations regress.</p><p><br></p><p>The AI bubble has the life expectancy of a soufflé, the 30-year Treasury is being drawn to 6% like a magnet, and Dave Collum thinks the whole thing reprices within a year. This is the macro conversation most people are too polite to have.</p><p><br></p><p>In this episode, chemistry professor and macro commentator Dave Collum breaks down why the decades-long credit cycle is over, why the inverse correlation between gold and interest rates is about to break, and why boomer asset liquidation guarantees a repricing no dip-buyer can stop. You&#39;ll learn why he calls Jensen Huang&#39;s share buybacks a bell-ringing top, why he puts the AI capex build-out on a one-year clock, and why he thinks a rare double bear market in bonds AND equities is teeing up — the setup where 60/40 offers no protection. You&#39;ll also hear his contrarian take that AI will make the world worse without destroying civilization, plus his read on Warsh, the Fed, and why gold and Bitcoiners could be the ones left standing.</p><p><br></p><p>⏱️ Timestamps:</p><p>0:00 - Intro</p><p>0:50 - Gold Silver Recent Price Action</p><p>1:27 - End of the Long Credit Cycle</p><p>1:49 - Central Bankers Driving Rates to Zero</p><p>4:50 - Treasury Rates Pulled Toward Six Percent</p><p>6:32 - Seven Percent Mortgages Housing Trap</p><p>9:46 - Kevin Warsh Rate Hikes and Collapse</p><p>11:55 - Economy Needs Real Assets Not Data Centers</p><p>12:48 - Jensen Huang Nvidia Buyback Signal</p><p>14:17 - AI Threat to Civilization Examined</p><p>17:46 - Sneaky Behaviors Observed in AI</p><p>20:48 - Bitcoin Proof of Work Constrains AI</p><p>25:59 - Nuclear Risks Middle East Conflict</p><p>27:47 - Putin Iran Restraint in Geopolitics</p><p>40:52 - Israel Palestine Historical Context</p><p>45:11 - Iran Nuclear Strike Questions Raised</p><p>50:40 - Yen Carry Trade Stability Analysis</p><p>59:06 - Boomers Driving Boom and Bust</p><p>59:33 - Median Boomer Retirement Savings Shortfall</p><p>1:03:19 - Boomer Wealth Transfer Needs Repricing</p><p>1:08:08 - Lindsay Clancy Case Maternal Tracking</p><p>2:01:32 - System Collapse Worse Than Historical</p><p>2:03:16 - AI Bubble in Fifteenth Inning</p><p>2:04:31 - Market Regression Eighty Five Percent Drop</p><p>2:36:45 - Nasdaq Rollover Sudden Bid Support</p><p>2:39:15 - Gamma Squeeze Pushing Markets H