You have an infection and you should go see a doctor before you rupture the eardrum. As soon as you have crust, that means it's serious, not just earwax. Good luck. Don't wait!
I found a person who explained the problem much better than I did. I might post it as a separate forum message:
Heres my problem:
My ears are itchy and leak a small amount of this yellow-puss looking type of liquid. I figured it was just liquid wax. Well, when I wake up in the morning, my ears are filled with crust. Its painful to pick the crust off, and once all the crust is gone, it will start leaking this yellow puss looking liquid. The yellow puss smells gross.Once my ears get to that smelling point, I drown them in hydrogen peroxide.