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What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuWOI EPISODES:FOLLOW LISA:Instagram: https://www.instagram.com/lisabilyeu/Twitter: https://twitter.com/lisabilyeuYouTube: https://www.youtube.com/womenofimpactTik Tok: https://www.tiktok.com/@lisa_bilyeu?lang=enCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact ATT Business: Switch to AT&T Business at https://business.att.comPique: 20% off at https://piquelife.com/impactThe team dissects the viral Konstantin Kisin vs. Steve Keen debate—both former Impact Theory guests—on the central climate question of our time: is the answer to use less and shrink (de-growth), or to innovate our way forward? The host, who knows both men and calls them smart and well-intentioned, explicitly urges viewers not to pick a side and dismiss the other as stupid, but to find the one factual disagreement worth reasoning from. His own position leans hard toward innovation: drawing on Matt Ridley's The Rational Optimist, he argues that 80,000 years of human progress make "it all ends now" an irrational bet, that we've innovated our way out of every prior crisis, and that de-growth—especially any talk of reducing world population—would trigger economic collapse that causes far more suffering than the problem it aims to solve. He respects Steve Keen's economic mind but argues Keen has essentially "given up," wishing we'd listened to engineers 50 years ago rather than charting a path forward now. He reframes the climate fight around tradeoffs the doom narrative ignores: citing Bjørn Lomborg's "it's real but overstated, and the solutions can be worse than the disease" framing, the roughly 140,000-plus annual heat deaths that air conditioning could prevent, and Jordan Peterson's warning about sacrificing today's actual poor for tomorrow's hypothetical poor. The conversation ranges across the East-vs-West Germany innovation contrast, a Peter Diamandis-style geoengineering thought experiment, why "politics is downstream of culture," and the host's more contested claim that climate panic often masks a desire for control and resentment—before ending on a speculative, openly-unsupported musing about the psychology behind who pushes it. A wide-ranging argument for optimism, first-principles thinking, and refusing to let "we're doomed" become the whole story.The team breaks down Treasury Secretary Scott Bessent's latest move to tame rising long-term bond rates—and why the bond market is likely to keep testing him. After Bessent doubled buybacks from $2B to $4B per round (which briefly knocked yields down before they rebounded past where they started), two off-the-record Treasury officials leaked to CNBC that the Treasury General Account—the government's roughly $1-trillion checking account at the Fed—could be tapped to buy bonds en masse. The host walks through why that's a bigger deal than expected: using cash to retire long-duration bonds without issuing new supply makes the debt "evaporate," and the market has, at least for now, believed the rumor enough to push the 30-year and 10-year yields down. But he's clear about the catch: the TGA isn't a magic war chest—every dollar in it was borrowed via prior auctions, so spending it down just defers the problem and eventually requires selling more debt, pressuring the curve again. He frames the backdrop honestly: $40 trillion in debt, ~123% debt-to-GDP, climbing interest costs, Japan (the largest buyer of US debt) in trouble, China dumping Treasuries while hoarding gold, and gold overtaking the dollar as the top central-bank reserve asset. His throughline is that there's no silver bullet, only tradeoffs, and the only real fix is growing the real economy—rising middle-class wages adjusted for inflation, GDP moving from ~1.2% toward 3–4%—rather than financial engineering. Absent that, he lays out the grim menu every over-indebted empire faces: austerity, default, or inflating the currency to shrink the debt (which quietly impoverishes everyone paid or saving in dollars), and warns that another Covid-scale inflation spike without real growth is how you get to "pitchforks." The conversation closes on a lengthy, contested tangent about immigration incentive structures, the Nordic model, and social trust—with the host explicitly noting the Nordic countries themselves say they aren't socialist. A dense, sobering economics breakdown.The team breaks down the escalating US-Canada trade war after Canada walked away from a deal that would have sharply lowered tariffs on several key Canadian industries. The host argues Canada is making a serious economic miscalculation—laying out the dependency math: roughly 78% of Canadian exports rely on US consumer markets, and exports make up about 33% of Canada's GDP, versus Canada representing only around 13% of US imports and a small slice of US GDP. In his read, that asymmetry means Canada has far more to lose, and pivoting toward China—geographically distant and, as he notes, a non-market economy—is a poor substitute. He digs into what actually broke the deal per PM Mark Carney: autos, French-language and cultural protections, and, most importantly, a US demand to restrict Canada's ability to sign independent trade deals with other countries (read: China), pointing to Canada's stated goal of a 50% export increase to China by 2030, Carney's January Beijing visit, and a flurry of mutual tariff cuts (including slashing Canada's 100% EV tariff to ~6%) as evidence of a rapidly warming relationship. But the host is pointedly two-sided: he says the US had understandable strategic reasons to push for guarantees, while blasting Trump's "51st state" rhetoric and bullying public posture as counterproductive—using it as a lesson he teaches entrepreneurs about always showing the other side how a deal is a win for them, and the human psychology of how people resist being forced into even things that serve their interests. He walks through the granular US demands (auto assembly, procurement, energy allocation, language laws) and their second-order effects, and closes on a contested hypothesis that Canada may be more ideologically aligned with China than the US. A dense, numbers-driven, deliberately even-handed breakdown of leverage, strategy, and a deal gone sideways.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What's up, guys? Today I'm bringing you part 2 of a mind-blowing episode with former CIA intelligence officer and spycraft expert Andrew Bustamante. If you don't know Andrew, he's not only a decorated CIA veteran, but he's also spent years consulting with top organizations on national security and critical decision-making. Andrew is a master at deconstructing the global chess game between superpowers, and today, we go deep into why AI is the new arms race, what China is really doing behind closed doors, and what it means for the future of America and the world.We're talking about everything from the chilling pragmatism of the Chinese government, the perils of declining self-belief in the West, and what we need to do right now to win the future. Whether you're worried about rapid advances in artificial intelligence, the fate of democracy, or just want to know how to outsmart your competition in today's noisy world, this episode is for you.If you're hungry for actionable insights on how to think at the highest strategic level, and you want the clarity to navigate a world that's changing faster than ever before, you cannot miss this conversation. If you dig it like I did, please leave a review and help us get these vital ideas into the hands of everyone who wants to shape their destiny. I'm Tom Bilyeu, and welcome to Impact Theory.00:00 Japan's immigration challenges05:18 China's holistic tech integration07:25 Speculating on future AGI impacts11:36 Concerns about AI dominance12:57 AI advancement implications and concerns16:11 US needs its own AI19:36 AI and military applications23:02 China's strategy in Hong Kong28:27 American beliefs and financial hedging30:22 Feeling unsafe during COVID33:00 Future of the United States36:41 Finding optimism and making change42:08 Learning and knowledge cycle43:40 Using open-ended questions in sales46:12 Two questions and a confirmation strategyCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact ATT Business: Switch to AT&T Business at https://business.att.comPique: 20% off at https://piquelife.com/impactWhat's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWelcome back to the Tom Bilyeu Show Live, where we break down the world's biggest stories and examine how they'll impact you. On today's episode, Tom Bilyeu dives straight into the heart of global instability, discussing the dangerous escalation in the Ukraine war—including provocative moves from Russia and signals that NATO may be increasingly tested. We'll also look at fears within the AI industry, as major tech leaders call for unity and urgent action in the face of rising cybersecurity risks. Plus, with Meta's massive settlement reshaping how kids use social media, we'll explore whether big platforms can actually create safer spaces for the next generation. Along the way, we'll cover food security concerns fueled by global conflicts, cultural clashes emerging across Europe, and the explosive anticipation for GTA 6—an entertainment phenomenon reflecting our society's technological leaps. Get ready for hard-hitting analysis, candid takes, and a look at why culture and politics are more intertwined than ever.Thank you to our sponsors: Cash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact ATT Business: Switch to AT&T Business at https://business.att.comPique: 20% off at https://piquelife.com/impactSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What's up, guys? Today I'm hitting you with a truly essential conversation featuring Andrew Bustamante. This guy's not just a former covert CIA intelligence officer—he's become one of the most sought-after experts on modern espionage, national security, and global power. With everything that's exploding right now between the U.S., Iran, China, and Russia, I could not wait to get his perspective.Andrew is breaking down how the new world order is shaping up in real time—why China's playing a long, strategic game, what the real stakes are in the U.S.-Iran conflict, and how economic warfare and public perception matter more than ever. If you've ever wondered what global power really means today, or how to navigate a world that's changing at crazy speed, this episode will give you the frameworks and mental models you need to make sense of it all.I hope you guys get as much out of this episode as I did recording it with Andrew. If you find it valuable, please drop us a review—it's the best way to support the show and make sure we continue to bring bold, unfiltered conversations right to you. I'm Tom Bilyeu, and welcome to Impact Theory.00:00 - Welcome and intro: Why meeting with Andrew Bustamante was urgent with global tensions00:20 - What China Learned While US Fights Iran05:24 - The global scramble: How 157 countries are hedging against US dollar and US tech; why the “portfolio split” just got real09:06 - The “Suez Canal moment” for the US: Why losing grip in the Strait of Hormuz is historic19:15 - How global perception shifts when threats (“economic D-Day”, anyone?) become empty—China's new confidence in resisting American pressure31:08 - From American Dream to “Red Dream”: How Xi Jinping's CCP is remaking global aspirations, and the chilling influence on wavering democracies40:45 - Why China WANTS conflict close to its home turf (South China Sea)—and what happens if the US ever takes the bait53:21 - Does China see itself in decline? The real calculus behind demographics, technology, and whether they're just waiting for the world to come back to themWhat's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact ATT Business: Switch to AT&T Business at https://business.att.comPique: 20% off at https://piquelife.com/impactSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWelcome to another thought-provoking episode of the Tom Bilyeu Show Live, where no subject is too spicy or uncomfortable to tackle head-on. In today's episode, the conversation focused on some of the most polarizing issues making headlines, from viral true crime cases stoking cultural tensions to international economic showdowns and political controversy. The discussion explored the public reaction to Lindsay Clancy's tragic familicide, delving into themes of empathy, personal responsibility, and society's sometimes fraught relationship with medicalization and criminal justice. Other key topics included major economic maneuvers to preserve the dollar's dominance, Canada's declining economic policies and shifting alliances, the precarious relationship between the U.S. and Russia, and the dangers of overlooking the realities of authoritarianism in global powers like China. Several points were raised, including society's tendency to let feelings override facts, the consequences of leading with unchecked compassion, and the urgent need for critical thought in navigating both culture and policy. Whether you're here for deep dives into news, cultural analysis, or high-stakes economic strategy, this episode challenges you to reconsider what it means to balance care with accountability in a world teetering between chaos and order.Sponsors:Cash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact ATT Business: Switch to AT&T Business at https://business.att.comPique: 20% off at https://piquelife.com/impactSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, I take you on a deep dive into why China's decline—not its rise—could be pushing the world toward inevitable conflict. I unpack the real numbers behind China's looming demographic crisis, explain how flawed incentives and authoritarian policy like the one-child law have triggered an irreversible population collapse, and why that matters for both China and the global economy. We'll draw historical parallels to show why peaking powers are often the most dangerous, examine what China's desperation means for Taiwan, and explore the broader impact on everything from global supply chains to AI innovation. I'll also tackle tough questions about falling birth rates, the impact of women's education, and whether automation can save aging societies. Get ready for a challenging and eye-opening journey into the realities shaping the future of the world.What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact ATT Business: Switch to AT&T Business at https://business.att.comPique: 20% off at https://piquelife.com/impactSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to another jam-packed episode of Impact Theory with Tom Bilyeu. Today, Tom dives deep into the market chaos triggered by wild movements in the bond market and looming economic maneuvers from key players like Bessent. We break down soaring long-term bond rates, the ripple effects of the U.S. debt crisis, and the complex financial strategies being deployed to stabilize the economy. Shifting gears, Tom unpacks Canada's bold decision to walk away from a major U.S. trade deal, explores the escalating tensions between the U.S., China, and Canada, and reveals the larger story behind global deglobalization.We then journey into the geopolitics of the Middle East, analyzing shifts in the Strait of Hormuz and what rising maritime traffic could signal for Iran and the broader region. Finally, Tom tackles the explosive debate over Israel and Palestine, as highlighted by Mark Ruffalo's viral tweet, dissecting the cultural, political, and religious forces driving this divisive global conversation. Stay tuned for a thought-provoking, wide-ranging discussion that unpacks the news behind the headlines and what it means for the future.What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact ATT Business: Switch to AT&T Business at https://business.att.comPique: 20% off at https://piquelife.com/impactSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.The team breaks down the viral $300,000 debate between Candace Owens and Andrew Wilson—and argues it was a case study in everything wrong with online debating. The host's core point: the two were trying to litigate a criminal case whose facts haven't been established in court, arguing "internal frame versus internal frame," which inevitably devolves into madness when those frames don't intersect. He's pointed that this isn't about who's likable—he argues Wilson walked in as a "frame of reference" debater whose bully-the-room tactics collapsed against someone prepared, and that Wilson couldn't name the actual charges in the case while Candace could, making him look like he wasn't arguing from real command of the facts. On Candace, the host makes a deliberately careful epistemics argument: whatever you think of her conclusions, treating "she's obviously wrong" as self-evident is itself a frame-of-reference trap—because the facts of the trial (Tyler Robinson has not yet entered a plea, and the case hasn't been argued) simply aren't out yet, so neither side can claim proof. He predicts how the trial may play out and why the defense's choices about which evidence to use will be the real tell, while stressing repeatedly that he's speculating and that the honest position right now is "we don't know." Ryan and the team push on where the line sits between healthy skepticism and conspiratorial thinking, and the group lands on a shared lesson: don't get pulled into a debate when there's no agreed framework for adjudicating it, and wait for the facts before declaring a winner.The team breaks down the public exchange between Rep. Ro Khanna, who argues America must tax wealth and redistribute from billionaires, and Mark Cuban, who pushes back that "ideology is not a strategy." The host agrees with the diagnosis but not the cure: he concedes that people genuinely feel the system isn't working for them—and that they're right, pointing to the college-debt pipeline, an abusive housing market, and currency inflation eroding savings—but argues that taxing wealth misidentifies the solution. Walking through Cuban's argument, he explains the mechanics most people miss: founders of $10B "deca-unicorns" are typically cash-poor and stock-rich, worth billions on paper while the raised money goes into the company, not their pockets—so a wealth tax forces them to sell or borrow against speculative shares, which is often impossible and destructive to the company itself. He highlights Cuban's warning that a California wealth tax (Prop 40) would simply push investors to require startups to relocate to Texas, Indiana, or Florida first—meaning the state loses deca-unicorns it never even sees leave—and that "when you tax something, you get less of it." He connects it to his recurring critique of Bernie Sanders' framing: even if the revenue estimate were real (roughly $20B/year against a ~$30B Medicaid funding gap), you can only spend it once, and the act of liquidating shares to collect it would be self-defeating. The host's alternative is structural: get money out of politics, be fiscally disciplined, rebuild real manufacturing to take on China, stop funneling everyone into debt-financed college, let students discharge that debt in bankruptcy to force lending discipline, and stop suppressing wages with low-wage immigration so the true price of labor is revealed. Tom, Drew, and Ryan dig into a Census Bureau data effort that cross-referenced 2020 voter records against federal citizenship files—and end up in a genuine, three-way disagreement about what it means. Tom plants a strong flag: he believes there is significant voter fraud that will be revealed as more data is processed, arguing from "first principles" that where you have access plus incentive and no safeguard, abuse will follow, and that election integrity is worth shoring up even before there's overwhelming evidence. Drew and Ryan push back as the fact-checkers in the room: Drew stresses that the reported ~24,000 figure comes from a partial, unprocessed run and, crucially, that "non-citizen" includes lawful permanent residents (green-card holders) who aren't the same as people who crossed illegally—so the headline shouldn't be read as proof of illegal-alien ballot harvesting. Ryan fact-checks the specifics in real time: how Social Security numbers actually work for non-citizens (work authorizations, ITINs, fraudulent documents, expired visas), what California's voter-verification process actually requires (signature matching, with a first-time-voter ID exception under federal HAVA law), and the point that documented voter fraud in the US has consistently been shown to be well under 1%. The group works through California's and Minnesota's differing rules, whether signature-matching and vouching systems are genuinely exploitable, and lands on a striking meta-point: three people looking at the exact same facts arrive at very different conclusions, which is itself a lesson in how much of what we call "fact" is filtered through perception. A substantive, disagreement-driven look at election-integrity claims—with the receipts checked on air.ggSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to another thought-provoking episode of Impact Theory with Tom Bilyeu. Today, we continue our groundbreaking conversation with macro investor and visionary thinker Raoul Pal, exploring the seismic technological revolution reshaping our world. In this episode, Raoul Pal breaks down why artificial intelligence represents the ultimate leap in human advancement—and why investing in technology right now may be more crucial than ever.From the fundamentals of network effects and exponential growth, to the unprecedented speed of AI adoption and its implications for markets, capital allocation, and societal productivity, this episode dives deep into how the coming economic and technological supercycle could redefine wealth, work, and global competition. We examine the optimism and risks inherent in this transformation, and what it means for investors, governments, and everyday people. Strap in as we debate the future of intelligence, productivity, and how to navigate this new era—whether with caution or conviction.Let's dive in.00:00 Intro00:30 AI and Metcalfe's Law explained04:57 OpenAI and rapid user growth12:13 Managing Crypto Investment Volatility29:01 Economic impacts of AI and robots32:16 Automation impact on labor force44:58 Understanding liquidity and euro-dollar debt51:37 Embracing unstoppable changeWhat's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comHorizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Own your customer relationships. Own your revenue. Start with a free trial at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to Impact Theory. In this episode, I dive deep into the economic, technological, and cultural shifts that are defining our current moment. The conversation focused on the unprecedented moves by Treasury Secretary Scott Bessent as he attempts to control long-term bond yields, what that means for the U.S. economy, and how this growing government intervention could reshape the markets—and our future.One concept I unpack is the rapid advancement and increasing hostility toward AI data centers, revealing just how high the stakes are in the ongoing innovation arms race. A key theme that emerged is the widespread cultural malaise in America—a lack of self-belief that stands in stark contrast to countries like China, where confidence is fueling aggressive growth and technological adoption.We also explore the complications of U.S. sanctions, the real consequences of regulatory overreach, and the urgent need for renewed competition and innovation. Throughout, I push back against the narrative of inevitable decline and urge us to remember what made America the world's powerhouse—our willingness to innovate, compete, and face hard truths head-on.We wrap up with a powerful debate on climate change, examining whether ingenuity and human-driven progress—or top-down central planning—will define our path forward. This episode is a call to wake up, reclaim our edge, and double down on building a future worth fighting for.What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuThanks to our sponsorsCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comHorizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Own your customer relationships. Own your revenue. Start with a free trial at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to Impact Theory with Tom Bilyeu! In this episode, we're joined once again by Raoul Pal, a renowned macro investor and futurist thinker. Raoul Pal dives deep into the seismic shifts happening in the global economy, exploring how AI and technology are driving the next exponential age, reshaping markets, and pulling liquidity away from sectors like crypto. Together, we examine the opportunities—and challenges—facing investors in an uncertain world, including the impact of central bank decisions, the evolution of money and digital assets, and the looming transition to AI-driven decision-making at every level of business and government.From debunking doom-laden narratives about the decline of the US dollar to strategies for surviving—and thriving—amid market cycles, Raoul Pal shares the hard-earned lessons all investors need to hear. Prepare to rethink your playbook for the future as we tackle everything from the psychology of investing to the profound societal questions emerging in the age of artificial intelligence.00:00 Intro00:59 Liquidity In the Stock Market06:44 The Dot-Com Math Nobody Runs11:20 The $600 Test22:03 Why The US Wants $3 Trillion In Stablecoins32:43 The Real Danger of the Doom Narrative44:03 Why AI Can't Kill UsCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comHorizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Own your customer relationships. Own your revenue. Start with a free trial at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderWhat's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What's up, everybody—welcome to another episode of the Tom Bilyeu Show Live. We are living in a wild moment of history where global politics, technology, and culture seem to collide in the most unpredictable ways. Many people want to believe our institutions are rock solid, that voter fraud is a myth, media integrity is a given, and the incentives baked into our systems won't be abused. I hate that idea. The reality is far messier, and when incentives exist without safeguards, chaos is never far behind.Today, we're diving deep into everything from explosive new reports on noncitizen voting and the consequences for the integrity of our elections, to Trump's unpredictable foreign policy shake-ups, to the culture wars raging in the video game industry and the viral leaks of Grand Theft Auto 6. We're going to question everything, including our own biases, and dig into why our systems break down—and what it takes to build something better. If you want to see me confront my own beliefs, challenge both the left and the right, and grapple with what it means for the future of America, stick around. This is that episode. Let's get into it.What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuTHANKS TO OUR SPONSORS:Cash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comHorizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Special Thanks To Jeff Snider From Eurodollar University. Check out the video:https://youtu.be/ams5suvGO8I?is=d5vCrI9g0uaRyDOVWelcome back to Impact Theory with Tom Bilyeu. In today's episode, we break down the growing economic turmoil facing the world's two largest economies: the United States and China. With both nations experiencing troubling trends—China hit by a historic pullback in lending and government borrowing, and the U.S. seeing a sharp drop in consumer spending—our guest, Jeff Snider of Eurodollar University, helps us unravel the complex interplay between banking systems, government policy, and national psychology.We'll explore why China's hidden debt crisis and the CCP's response could trigger global ripple effects, how low interest rates signal trouble rather than prosperity, and the critical role expectations play in shaping economic outcomes. Drawing vital parallels between China, Japan's “lost decade,” and the current state of the U.S., we'll discuss what these shifts mean for the future—and for your own financial strategy in uncertain times. Strap in as we connect the macroeconomic dots and reveal why understanding these currents is essential for anyone aiming to thrive in a volatile world.Cash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comHorizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderWhat's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWhat's up, everybody? Today, I've got an episode I cannot wait for you to dig into. I'm sitting down with the brilliant Dr. Abdul El-Sayed—physician, public health expert, and a powerful voice shaking up the conversation on American healthcare, economic justice, and what it really takes to serve the middle class. You've seen him in the headlines, but today we're diving deep: how do we actually build a system where people thrive, not just survive?Abdul brings firsthand experience from the frontlines of medicine and politics, and he isn't afraid to challenge the status quo. We go head-to-head on the practical impact of Medicare for All, the real solution to out-of-control healthcare costs, and what it takes to get money out of politics for good. If you care about your family's future, if you're worried about making ends meet, or if you just want to arm yourself with real knowledge—this episode is for you. You're going to walk away with a blueprint for understanding and navigating the current chaos, and real action steps to protect yourself and your loved ones.And as always, if you find this valuable, drop a review and share it with someone who needs it—so we can keep unlocking human potential together. I'm Tom Bilyeu, and welcome to Impact Theory.Sponsors: Cash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comHorizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.The team reacts to DSA-affiliated activist Tracy Rosenthal, who—per the reporting the host cites—has withheld an estimated $108,000 in rent and openly encourages tenants in their building to do the same, with their landlord reportedly an immigrant now losing the building. The host is careful to say he hasn't independently verified every detail, but uses it to make his central argument: that "just don't pay rent" activism, however it's framed as helping the poor, actually lands hardest on the people it claims to protect. He argues Rosenthal—whose father he says is a multiple-Grammy-winning musician and who grew up wealthy—has a safety net ("they can always go back to mom and dad") that the working families they're advising do not, so when a landlord can no longer maintain or run the building, tenants end up in unmaintained housing, and those who join rent strikes risk landing on tenant-screening "do not rent" lists that follow them, push them toward fewer economic opportunities, and make housing harder to secure. He frames the whole thing as reasoning from resentment—aimed at hurting a perceived "capital class"—rather than from what actually helps poor people, and warns that if you make it impossible to run housing as a business, the only remaining owner is the government, which can only subsidize until the "engine of prosperity" breaks. He argues this path repeatedly ends in stagnation, using Cuba as his example.The team reacts to Mayor Mamdani's new video targeting Amazon's delivery model—where drivers wear Amazon branding and follow Amazon-set routes and hours but are technically employed by subcontractors—and his support for the Delivery Protection Act, which would push responsibility for those workers back onto Amazon. Drew presses the steelman throughout: if the setup is illegal or strips workers of deserved protections (the way the Uber/Lyft contractor debate played out), shouldn't the government step in? The host agrees that if a company is breaking the law you enforce the law—but argues this specific move is a case of a candidate promising affordability while doing something that will make deliveries more expensive, calling the two goals "matter and antimatter." His core argument is about preserving choice: independent-contractor status is a real tradeoff that many workers actively want (flexibility, control), and banning it doesn't magically convert those into higher-paying jobs—companies instead do less, automate, or leave, and a subclass of lower-skilled workers loses the on-ramp entirely. He draws the Uber-beat-the-taxis parallel, argues minimum-wage hikes disproportionately wipe out teen and entry-level jobs, and points to Austin and Houston loosening building regulations to bring housing costs down as evidence that over-regulation is often the choke point. He frames the government's proper role with a sports metaphor—referees who set and enforce fair rules are essential, but when the refs outnumber the players and start tripping the best performer to even the score, the whole game gets worse. Threaded through is his contested thesis that this is driven by resentment and an "overproduction of elites," and a nuanced exchange with Drew about when market intervention is genuinely warranted versus when it becomes a barnacle.The team digs into three new Google research papers that, in the host's read, show large language models already outperforming human doctors—even in the messy, sometimes adversarial reality of real patient interactions. The host, careful to stay honest about both AI's risks and its capabilities, walks through the numbers: in a randomized clinical exam of 100 scenarios across 300 live video consultations with patient actors, graded by 20 board-certified physicians, the AI scored 83% to the doctors' 68%, with correct first-guess diagnoses at 91% vs 77%, clinical reasoning 90% vs 76%, guiding a physical exam over video 72 vs 39, and—strikingly—empathy rated higher for the AI (82 vs 71), echoing earlier findings in AI therapy studies. The AI also finished exams slightly faster. A second paper tracking patients across three visits with shifting symptoms found the AI's care rated appropriate 95% rising to 98% by the third visit, while human doctors actually got worse over follow-ups (72% to 81%)—which the host speculates is because doctors "back off too soon" once they think they've found the answer, whereas the AI keeps refining. A third paper used reinforcement learning across 57,000 simulated encounters—including thousands where patients actively try to deceive the doctor, hiding medications or insisting chest pain is just heartburn—with up to 60 conversational turns, producing a model that beats the already-superior AI 87.6% of the time head-to-head. The host argues the gap will likely keep growing, predicts that within a few years failing to at least consult AI could be treated as malpractice, and forecasts a near-term future of human-assisted-by-AI care rather than fully autonomous machines—because AI is probabilistic, not deterministic, so a human stays in the loop the way pilots remain in an autopilot cockpit. His bottom line: this is one of those cases where the technology may genuinely become what we hoped for, even if the economic transition to get there is turbulent.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to Impact Theory, I'm Tom Bilyeu. Today, we're cutting through the noise around artificial intelligence—addressing both the real and overblown fears dominating the headlines. Together with Derek Thompson, we're taking a hard look at where AI is actually headed: from viral but out-of-touch startup launches to the unprecedented investments pouring in from America's biggest tech giants. We'll explore whether the AI sector is in a dangerous bubble or just getting started, what the US-China AI arms race means for the future, and how these innovations are reshaping everything from our jobs to our culture. We'll also confront the tough ethical questions—like the destruction of rare books for AI training—and what all of this means for you, me, and everyone trying to navigate this seismic technological shift. If you want the real story on where AI stands and where it's going, you're in the right place.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWhat's up, everybody? Today I am bringing you an episode you absolutely cannot miss. We're diving headfirst into the burning questions around government spending, the ballooning US deficit, and the engines that drive (and threaten) our economy. But this time, it's just me and you—no guest—because there are some realities around money, government, and culture that we've got to face head on.In this episode, we're breaking down why interest payments on our national debt are spiraling out of control, how Gen Z is betting more than they're investing, and why American education is in real trouble. We're peeling back the layers on the promises of socialism, the hard math behind who really pays, and why fiscal discipline is no longer optional—it's mission critical.If you care about your future, your kids' future, or just want to understand how the country got into this mess—and more importantly, how we get out—you need to hear this. You'll leave with the tools to spot the real cost behind big promises, the mindset shifts we need as a culture, and the actionable steps every citizen should be judging our leaders by.If you get value from this episode, please leave a review. That's what helps us reach more people like you who are absolutely committed to building a future they can be proud of. I'm Tom Bilyeu, and welcome to Impact Theory.Sponsors:Cash App: Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comHorizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, I break down the real drivers behind economic systems like socialism and capitalism, tracing how human nature and scarcity have shaped society from the ground up. The conversation focused on why we moved from tribes to feudal kingdoms and eventually to the competitive world of capitalism, and what sparked the rise of Marxism and socialism as reactions to these systems.One concept discussed was the deep psychological desire for security—our evolutionary need to accumulate scarce resources for survival. I explore how this instinct evolved into our modern systems of ownership, productivity, and commerce, arguing that these drives cannot be separated from the systems we build.We also dig into the historical turning points that made the world less violent, allowing individuals to trade and collaborate instead of fighting over resources. Several points were raised, including what happens when economies attempt to centralize decision-making, using real-world examples like East and West Berlin and failed socialist utopias. The discussion explored how innovations—like the limited liability corporation—opened the door for more people to participate in building wealth, and why top-down economic planning always seems to run into the same problems.A key theme that emerged was that while the dream of a fairer system persists, every attempt to replace what exists brings its own set of challenges—often rediscovering the reasons certain structures evolved in the first place. As we consider the future, including the potential of AI to reshape our economies, I challenge listeners to ask: will technology finally solve the problem of scarcity and central control, or will our fundamental need for autonomy always pull us back toward individual freedom and choice?Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWhat's up, guys? Today I've got a mind-blowing episode for you with one of the most innovative thinkers in the world of artificial intelligence—Jensen Huang, the legendary CEO of NVIDIA. This is the guy who's reshaping entire industries and basically powering the AI revolution itself. Now, I wanted to have Jensen on because he's not just building chips; he's pioneering the future of intelligence as a commodity. We get into the weeds on how AI is transforming the way we work, how data centers are becoming the new artificial brains, and what all of this means for you—whether you're an investor, an entrepreneur, or just someone trying to keep up with the pace of change.We go deep on the risks and rewards of AI financing, how to thrive in a world of rapid technological disruption, and why the next decade is going to redefine who wins and who gets left behind. If you care about making sense of our wild economic system, protecting your future, and using technology to level up, this is an episode you cannot afford to miss. I hope you guys get as much value from this conversation as I did. And if you do, don't forget to drop a review—that's how we get this message out to the people who need it most. I'm Tom Bilyeu, and welcome to Impact Theory.Sponsors: Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Kai Moreto didn't set out to build a cookie business. He set out to build a fitness career. But when Elite Dough took off, he found himself running a nationwide brand from wherever he happened to be: processing online orders, managing social commerce, and keeping the operation moving without a fixed office or a traditional back-of-house. In this episode, Kai talks about what it really means to run a modern business on the go, and how tools and routines help keep everything moving. This episode of How Success Happens is presented by AT&T Business. To learn how they can help support your business as it grows, visit att.com/smallbusiness. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Impact Theory with Tom Bilyeu. In today's episode, we dive deep into the risks and realities shaping the AI boom—and the hidden dangers lurking beneath the surface of the financial system powering it. Tom is joined by researcher Ed Zitron and financial analyst Stephen Yu to unravel how massive investments in AI, circular financing, and shadow banking are pushing unprecedented risk into the world's economy. We'll explore how companies like Microsoft, Google, and Amazon are propping up unprofitable AI ventures, why much of the industry's growth is riding on just a few players, and what this means for your 401(k) and the broader financial landscape.From complex accounting maneuvers to eye-popping numbers behind AI data center buildouts, today's conversation exposes the ways risk is being shifted from banks to average investors, drawing parallels to past financial crises. Is AI the new too-big-to-fail industry? Are we witnessing history repeating itself? Most importantly, how can you position yourself to weather a potential storm?Strap in as we break down the circular financing of AI, the reality behind the growth narrative, and the vital questions every investor needs to ask in this high-stakes game. Let's get started.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Check us out wherever you get your podcasts:Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fdApple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com)Check out our Video game - Project Kyzen: (https://projectkyzen.io/)Catch Me Streaming on Twitch - (https://twitch.tv/tombilyeu)Link to IT discord: https://discord.gg/TZKJ2etPbTTom's Favorite Things List: https://amzn.to/41Ftt7eFor Business inquiries: connect@impacttheory.comFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Twitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to another packed episode where I break down some of the most consequential and controversial issues shaping our world right now. This conversation focused on the phase transitions happening everywhere—from the spectacle of former NBA draft picks declaring for the WNBA, forcing a reckoning on transgender participation in sports, to the deeper currents of American political identity, and the persistent tug-of-war between fairness, boundaries, and evolutionary imperatives on both the right and the left.One concept discussed was our current political and economic moment: the Trump administration's struggles in the Iran conflict, and what that says about America's readiness for global competition as China cements its dominance in manufacturing and quietly builds up its gold reserves. I dove into the unintended consequences of financializing everything, the importance of self-sufficiency, and why late-stage empires always seem to repeat the same mistakes.A key theme that emerged was the need for honest, nuanced dialogue—whether we're talking about healthcare reform and the myth of easy fixes, the failures of the modern education system, or the breakneck speed of AI innovation that's accelerating science at a rate impossible for previous generations to imagine.This discussion explored how easy it is to get distracted by the latest political spectacle while missing the underlying systems and boundaries that keep society stable—or allow it to spiral into chaos. I challenged listeners to look past partisan narratives, think critically about cultural and technological shifts, and focus on solutions that make sense in the real world—not just in soundbites or on social media.If you're ready to navigate the complexity, face uncomfortable truths, and find a way back to sanity and competency in America, this episode is for you.What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Monarch Money: Start your free trial and get 50% off your first year of total money clarity at https://monarchmoney.yt.link/QxOLEVx or code TB50 for 50% Off Monarch Core tier.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! The team digs into Bernie Sanders going on CNN to embrace what's being called a "red wave"—the surging energy of the DSA within the Democratic Party—and his refusal to disavow Hasan Piker even when pressed on Piker's most controversial statements. What follows is a genuinely two-sided, and at times heated, debate. On one side: the argument that this is a pivotal cultural moment, that "politics is downstream of culture," and that figures like Mamdani and Hasan Piker represent a one-two punch pushing DSA ideas into the mainstream—ideas the host warns point toward an ideology with a catastrophic historical track record, making him feel morally obligated to sound the alarm even when he admits it's bad for business. On the other side: a sharp policy-focused rebuttal arguing the show spends too much time dissecting 30-second streamer clips and not enough on actual bills, appropriations, and the money-in-politics mechanisms that drive real outcomes—"more C-SPAN, less Twitch stream recaps." The conversation traces historical parallels (the Tea Party, Occupy Wall Street, Bolsheviks vs. Mensheviks), debates whether the DSA is unintentionally clearing a path for a charismatic strongman, and wrestles with how the left should handle provocative voices. It also gets personal and philosophical: the "parchment guarantee" idea that a constitution only matters if the culture enforces it, a reflection on youth as an energy that rightly shakes up an ossified society, and a candid riff on competing cultural metaphors—jihad-as-waging-war versus the Christian "spark of the divine in the individual"—and the tension between drawing a hard line and being careful with war rhetoric in a volatile moment. A substantive, disagreement-driven look at where American politics may be heading.Tom digs into Mayor Mamdani colliding with a basic truth of policy: create an incentive structure, and people will follow it—sometimes by abusing it. Joining Tom is Drew, who pushes back and adds important nuance throughout. The flashpoint is Mamdani's city-owned grocery stores: with goods priced well below market, Tom argues there's an obvious incentive to buy cheap and resell at market value, which is why Mamdani may need some form of ID to wall off who can shop—running headlong into the same "require ID" logic the left resists elsewhere. Drew makes the key distinction that a grocery ID (a driver's license) is not the citizenship-level verification the SAVE Act demands (a passport), and Tom agrees that a sensible ID standard is reasonable. From there, Tom lays out his broader, and more contested, thesis about incentive structures, voter-ID politics, and how DSA-aligned cities increasingly attach the phrase "regardless of immigration status" to taxpayer-funded programs—from grocery initiatives to childcare to housing and legal-support hotlines. He argues this is happening beyond New York, in cities like Minneapolis and Seattle, and challenges the claim that undocumented immigrants are net contributors to social systems, drawing a parallel to immigration debates in Nordic countries. Tom's bottom line: you can't simultaneously say government spends too much, oppose borders and ID requirements, and promise to care for everyone who comes—mathematically it doesn't work, and if you genuinely want to help people, you have to care for a finite number well rather than incentivizing unlimited inflow. He also breaks down why Mamdani's budget gap is likely to keep growing.Tom untangles one of the most consequential and least understood stories in global finance: the United States buying yen for the first time since 1998. Joining Tom is the team as he explains why this isn't a sign of strength but an emergency effort to stop a total collapse of the Japanese economy—one so dangerous because the yen carry trade has locked the US and Japan tightly together for decades. Tom speed-runs the history: Japan's 1989 real estate bubble, thirty years of ultra-low rates, and how cheap Japanese money flooded the world as liquidity that America benefited from enormously. He walks through the trap Japan is now in—raising rates to fight post-Covid inflation triggers a carry-trade unwind, but every intervention to slow it signals weakness and sends money fleeing. He breaks down the concept of risk-adjusted return, why Japan has nothing like the AI trade to justify its risk, the Bessent Camp David notepad photo he believes was a deliberate signal (and the roughly $1 trillion it briefly wiped from US markets), and why the New York Fed selling euros for yen further strains an already-tense relationship with Europe. Tom's blunt diagnosis: propping up the yen is Advil for a brain tumor; the only real cure is a painful decade of killing off zombie companies and getting Japan innovating and growing again. He then connects it to the bigger board—Argentina and Milei as a success story the US wants to use to pull South America back toward capitalism and away from China's debt-trap Belt and Road, and his view that America is becoming a regional rather than global hegemon. Throughout, Tom stresses intellectual honesty about how Covid-era authoritarian decisions helped break the system, and reminds viewers to treat official reassurances as propaganda.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What's up, guys? Today I'm diving deep with one of the most legendary minds in finance—Warren Buffett's impact on modern investing and what his latest moves say about where the economy is headed. We're breaking down why the Oracle of Omaha is dumping stocks, stacking up record cash, and signaling alarm bells that every investor needs to hear. If you've ever wanted to understand how economic forces shape your portfolio, what metrics like the CAPE ratio and the Buffett Indicator actually mean, and how to avoid being blindsided when the next crash hits—this episode is absolutely vital.You're going to walk away with a practical understanding of the same strategies the world's sharpest investors use to navigate market bubbles, protect themselves from massive downturns, and thrive even when things look bleak. This is about shutting out the hype and seeing the real signals—so you can make the smartest moves for your future. If this episode hits you, drop us a review and help us keep bringing you the truth that moves you forward.I'm Tom Bilyeu, and welcome to Impact Theory.Special Thanks to the Infographics Show. Check out their page: https://youtu.be/BnSTr7_NwtU?si=8RBu2wgZ-D-7fdb3Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Check us out wherever you get your podcasts:Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fdApple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com)Check out our Video game - Project Kyzen: (https://projectkyzen.io/)Catch Me Streaming on Twitch - (https://twitch.tv/tombilyeu)Link to IT discord: https://discord.gg/TZKJ2etPbTTom's Favorite Things List: https://amzn.to/41Ftt7eFor Business inquiries: connect@impacttheory.comFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Twitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Monarch Money: Start your free trial and get 50% off your first year of total money clarity at https://monarchmoney.yt.link/QxOLEVx or code TB50 for 50% Off Monarch Core tier.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWelcome to another jam-packed episode of the Tom Bilyeu Show Live, where Tom dives into the critical headlines and deep-cut topics shaping our world. In this episode, Tom unpacks Abdul El-Sayed's razor-thin Michigan Senate primary victory and what it signals about the rising influence of the Democratic Socialists of America. He dissects President Trump's new executive orders targeting birth tourism and explores the true impact of these policy shifts.Tom takes on economic narratives with a fact-based breakdown of Scott Bessent's claims about wage growth, separating the reality from political spin. The episode also features a thorough analysis of Tucker Carlson's controversial 10-point plan, discussions of the precarious alliance between the US, Israel, and the GCC in the volatile Middle East, and a fascinating look at how elite overproduction is transforming the American workforce and fueling political discontent.Plus, Tom and the crew dig into the wild advancements in AI—covering everything from telepathy startups to the dark side of AI agent collaboration—and share actionable insights for future-proofing your skills. Get ready for a lively, insightful ride through politics, economics, technology, and culture, all backed by Tom's signature no-nonsense approach.Sponsors:Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Monarch Money: Start your free trial and get 50% off your first year of total money clarity at https://monarchmoney.yt.link/QxOLEVx or code TB50 for 50% Off Monarch Core tier.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to Impact Theory, where we dive deep into the minds shaping the future. In this episode, host Tom Bilyeu sits down with renowned economist Steve Keen, known for his heterodox and often controversial takes on modern economics. Together, they explore the fragile state of Western economies, the rise of China as a manufacturing powerhouse, and the fundamental forces behind economic booms and busts.Steve Keen challenges mainstream economic thought, dissecting the role of private debt, the dangers of an over-financialized system, and why traditional models often miss the mark when it comes to predicting crises like the 2008 financial meltdown. The conversation also delves into Marx's misunderstood contributions, the necessity of balancing capitalism with strategic government intervention, and why the current AI investment frenzy might be setting the stage for the next big downturn.If you've ever wondered why wages feel stagnant, how real value is created, or what lessons America can glean from China's blend of pragmatism and state-led growth, this is an episode you don't want to miss. Get ready for an unfiltered look at the global economy and what needs to change to build a more resilient future.Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Check us out wherever you get your podcasts:Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fdApple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com)Check out our Video game - Project Kyzen: (https://projectkyzen.io/)Catch Me Streaming on Twitch - (https://twitch.tv/tombilyeu)Link to IT discord: https://discord.gg/TZKJ2etPbTTom's Favorite Things List: https://amzn.to/41Ftt7eFor Business inquiries: connect@impacttheory.comFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Twitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Monarch Money: Start your free trial and get 50% off your first year of total money clarity at https://monarchmoney.yt.link/QxOLEVx or code TB50 for 50% Off Monarch Core tier.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialThe conversation focused on current global political and economic tensions, tackling issues from leaked US battle plans regarding Iran to the complex web of international negotiations and shifting alliances in the Middle East. A key theme that emerged was the growing perception of weakened American influence, particularly as repeated threats and retreats reveal cracks in both military capability and diplomatic strategy. The discussion explored the intersection of military strategy, economic self-interest, and cultural frames of reference—highlighting how divergent worldviews between the US and its adversaries complicate conflict resolution.Several points were raised, including the economic consequences of entangled US-Japan financial relations, rising domestic political polarization, and the ever-shifting narratives used to justify foreign policy decisions. The episode also dove into domestic controversies, such as government spending, the challenges of enforcing sensible identification requirements against political hypocrisy, and the impact of social movements on mainstream politics. Tune in for a deep dive into how cultural battles, propaganda, and policy decisions shape the world stage—and what it all means for the future of American power.Sponsors: Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Monarch Money: Start your free trial and get 50% off your first year of total money clarity at https://monarchmoney.yt.link/QxOLEVx or code TB50 for 50% Off Monarch Core tier.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

When the dining room is packed and tickets are flying, there's no pausebutton. John Brandt Lee, chef-owner of Bar Avalon, knows that better than most. He's managing that pressure across not one but two locations simultaneously. In this episode, John breaks down what it really takes to engineer consistency at the highest-stakes moments in hospitality, and why getting it right isn't just good business, it's the whole point. This episode of How Success Happens is presented by AT&T Business. To learn how they can help support your business as it grows, visit att.com/smallbusiness. Learn more about your ad choices. Visit megaphone.fm/adchoices

What's up, everybody? It's Tom Bilyeu here:Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Check us out wherever you get your podcasts:Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fdApple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com)Check out our Video game - Project Kyzen: (https://projectkyzen.io/)Catch Me Streaming on Twitch - (https://twitch.tv/tombilyeu)Link to IT discord: https://discord.gg/TZKJ2etPbTTom's Favorite Things List: https://amzn.to/41Ftt7eFor Business inquiries: connect@impacttheory.comFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Twitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuThe conversation focused on the heated debates shaping the future of America's economic philosophy, exploring the clash between capitalism, socialism, and the evolving landscape of political ideologies. A key theme that emerged was the tension between purely philosophical understandings of economics and the gritty realities faced by those who operate within the engine of prosperity—entrepreneurs and business owners. The discussion explored why some are drawn to leftist and socialist ideas, the failures and unintended consequences of well-intended policies, and the persistent power of resentment in driving political movements.Several points were raised, including the effectiveness (and pitfalls) of expansive welfare states, misconceptions about the Nordic model, the risks of government monopolies, and the challenges of balancing innovation with regulation in rapidly changing sectors like AI. The conversation wrestled with concepts like income redistribution, union power, public versus private incentives, and the fundamental incompatibility—according to some—of long-term socialism with capitalism.Listeners can expect a candid, no-holds-barred analysis that pulls apart economic myths, critiques mainstream narratives, and asks tough questions about the road ahead for prosperity, growth, and freedom in an era of ideological uncertainty.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Monarch Money: Start your free trial and get 50% off your first year of total money clarity at https://monarchmoney.yt.link/QxOLEVx or code TB50 for 50% Off Monarch Core tier.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWelcome to another episode of Impact Theory with Tom Bilyeu and cohost, Drew, where we dive into the world's most urgent and complex issues—and explore how they intersect with our lives, our future, and the way we think.In the midst of global chaos, Tom dissects the escalating tensions between the US and Iran, the far-reaching consequences of economic interventions from Japan to the Middle East, and the seismic shifts in technology and culture that are redefining our world.Today, we pull back the curtain on behind-the-scenes political maneuvering, discuss the ethics of trading on presidential tweets, and debate the societal implications of cyborg technology and AI—plus celebrate a record-breaking moment at the box office.Strap in for a thought-provoking journey through war, economy, innovation, and the stories that shape us all.Sponsors:Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Monarch Money: Start your free trial and get 50% off your first year of total money clarity at https://monarchmoney.yt.link/QxOLEVx or code TB50 for 50% Off Monarch Core tier.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/bilyeu or use code TOMB at checkout to get 4 extra months of Surfshark!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuPaleovalley: 30 for $36 https://bit.ly/PaleovalleyITOpusClip: Explore Agent Opus at https://agent.opus.pro/exploreQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comEthos: Get a free quote at https://ethos.com/impactSurfshark: Go to https://surfshark.com/bilyeu or use code BILYEU at checkout to get 4 extra months of Surfshark! Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory. Built for every industry. Ready for every boardroom.Mamdani sat down with Jon Stewart and made democratic socialism sound like libraries and fire departments. We break down why that framing collapses the second you look at what DSA policy actually says versus how it gets marketed. We get into the rent freeze experiment that already ran in New York, the difference between a social safety net and seizing the means of production, the perverse incentive problem, and why the people this movement celebrates should set off alarm bells. Plus the aggressive-agreement trap: where the left is right about helping workers, and where the branding hides something very different.Tom reacts to a viral Fox News interview with a national co-chair of the DSA—a clip so extreme he initially assumed it had to be a setup. Joining Tom is Drew as the two go point by point through the DSA platform laid out on air: abolishing the Senate, replacing the presidency and Supreme Court, abolishing ICE, opening borders with amnesty, defunding the Pentagon, abolishing prisons, and bringing most large corporations under government ownership. Tom argues this is communism unmasked, and explains why America's founders deliberately built a republic with checks and balances to protect citizens—even from a president they hate—drawing a stark contrast with what happens under unchecked power in places like China and Iran. The conversation then digs into the deeper engine Tom sees behind radical leftism: an ideology rooted in resentment and an "overproduction of elites"—young people loaded with debt and taught that virtue means finding how you're oppressed. Drew pushes the economic angle hard, arguing that a generation locked out of the capitalism ladder, priced out of housing, and drowning in household debt has little reason to defend a system that isn't working for them. Together they wrestle with inflation, minimum wage, NIMBYism, and whether you can defuse the ideological bomb without first fixing the economy. A candid, combative breakdown of one of the most consequential political fault lines in America. Tom takes on Mayor Mamdani's plan to launch five city-owned grocery stores in New York—a $70 million, taxpayer-funded endeavor promising a core basket of goods at 30% below retail. Joining Tom is Drew, who pushes back and presses on the specifics as the two work through why running a grocery store is one of the hardest businesses on earth, operating on razor-thin 1 to 3% margins. Tom walks through the economics step by step: even zeroing out rent, taxes, and profit, a 30% discount on core goods leaves an unavoidable gap—one the taxpayer has to close. He explains how artificially low prices distort the market, put upward pressure on surrounding stores, and threaten to drive local bodegas out of business (who are already suing). Drawing on his own experience selling into Walmart with Quest, Tom lays out the "kingmaker" dynamic and the Vlasic Pickle cautionary tale to show how a state-backed buyer would inevitably bully distributors and suppliers down the chain until someone—often the lowest-paid worker or farmer—absorbs the loss. He points to real-world failures in Baldwin, Florida; Erie, Kansas; and a questionable case in Atlanta, and connects it all to the DSA's July program calling for food, energy, medicine, and transportation to be run "not for profit." The core question Tom leaves you with: what are the odds a government bureaucrat runs a grocery store better than Walmart? His answer is blunt—zero.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The conversation focused on a rapidly changing and turbulent global landscape, with a particular emphasis on recent events in Spain following controversial immigration policies and a dramatic influx of migrants. The discussion explored escalating tensions in the Middle East, including Saudi Arabia's direct engagement with the Houthis in Yemen, and examined complex geopolitical conspiracies surrounding these developments.A key theme that emerged was the destabilization of regions through demographic shifts, clashes of culture, and the potential influence of external actors like Israel and the US. The episode also delved into the state of the US economy, the Fed's latest moves, and global financial instability, as well as insights on the future of entertainment with EA going private.Several points were raised, including the enduring impact of religious extremism, the evolution of Western and Islamic societies, accountability in public health leadership, and the unintended consequences of government intervention in technology sectors. Throughout, the discussion emphasized the dangers of jumping to conclusions and the importance of critically assessing rapidly unfolding narratives in an era defined by uncertainty and change.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Monarch Money: Start your free trial and get 50% off your first year of total money clarity at https://monarchmoney.yt.link/QxOLEVx or code TB50 for 50% Off Monarch Core tier.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactSurfshark: Go to https://surfshark.com/bilyeu or use code BILYEU at checkout to get 4 extra months of Surfshark! ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On this episode of Impact Theory with Tom Bilyeu, we dive into the complex and rapidly shifting dynamics of Japan's economy and why the entire world—especially investors—needs to pay close attention. Jeff Snider and guest Andre Jik unpack the unraveling of Japan's legendary economic resilience, explaining how decades of low interest rates created a global liquidity engine now threatening to go into reverse. The conversation explores the cascading impact of Japan's monetary moves, from the yen carry trade to the unprecedented pressures forcing Japanese wealth to return home. We break down the psychology driving economic decisions, the looming possibility of authoritarian interventions, and why changes in Japan's bond and currency markets could send shockwaves through everything from US Treasuries to your own retirement account. Whether you're a market watcher or just trying to understand how faraway headlines can hit your wallet, this episode builds a mental map for navigating one of the most important—and misunderstood—economic stories of our time.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comEthos: Get a free quote at https://ethos.com/impactSurfshark: Go to https://surfshark.com/bilyeu or use code BILYEU at checkout to get 4 extra months of Surfshark!Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory. Built for every industry. Ready for every boardroom.Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Check us out wherever you get your podcasts:Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fdApple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com)Check out our Video game - Project Kyzen: (https://projectkyzen.io/)Catch Me Streaming on Twitch - (https://twitch.tv/tombilyeu)Link to IT discord: https://discord.gg/TZKJ2etPbTTom's Favorite Things List: https://amzn.to/41Ftt7eFor Business inquiries: connect@impacttheory.comFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Twitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episode IntroductionThe conversation focused on the dramatic changes unfolding in the world economy and their far-reaching effects on personal wealth and global markets. One concept discussed was the historical Hamiltonian economic model, emphasizing the cycle of protecting domestic industries, building manufacturing strength, and eventually succumbing to the temptations of financialization. A key theme that emerged was the current strategic maneuvering of global superpowers—most notably China—moving away from US debt and aggressively acquiring physical gold, signaling a shift in trust and reserve currency status.The discussion explored how America's shift away from its manufacturing roots, driven by decades of financialization and globalization, has created vulnerabilities now being exploited on the world stage. Several points were raised, including the “impossible triangle” faced by policymakers, the deliberate weakening of the US dollar, and the implications of central banks' gold buying for individual investors. Ultimately, the episode challenges listeners to rethink conventional wisdom about currency, assets, and the evolving balance of global power.Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Check us out wherever you get your podcasts:Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fdApple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com)Check out our Video game - Project Kyzen: (https://projectkyzen.io/)Catch Me Streaming on Twitch - (https://twitch.tv/tombilyeu)Link to IT discord: https://discord.gg/TZKJ2etPbTTom's Favorite Things List: https://amzn.to/41Ftt7eFor Business inquiries: connect@impacttheory.comFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Twitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comEthos: Get a free quote at https://ethos.com/impactSurfshark: Go to https://surfshark.com/CODE or use code CODE at checkout to get 4 extra months of Surfshark! Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory. Built for every industry. Ready for every boardroom.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Welcome back to The Tom Bilyeu Show with cohost Drew and channel Moderator, Ryan! In this episode, today's conversation focuses on the deepening collision between Western values and radical ideologies, examining recent headline-grabbing events—such as a violent attack at a Berlin pride parade—and exploring their broader societal implications. A key theme that emerged was the tension arising from clashing value systems, particularly as mass migration and ideological divides challenge the fabric of Western nations. The discussion explored not just the menace of extremism, but also the influence of far-left political movements, examining policy proposals from groups like the DSA and their potential effects on democracy, culture, and the economy. Several points were raised, including the risks of narrative capture in an age of rapid information, the recurring patterns of history when values collide, the limitations of current U.S. military and economic strategies, and the urgent need for honest debate about immigration, national identity, and the West's future. This episode dives into controversial topics with unflinching honesty, aiming to spark critical thought about the challenges and responsibilities facing societies today.Sponsors:Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comEthos: Get a free quote at https://ethos.com/impactSurfshark: Go to https://surfshark.com/CODE or use code CODE at checkout to get 4 extra months of Surfshark! Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory. Built for every industry. Ready for every boardroom.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to Impact Theory with Tom Bilyeu. In today's episode, we dive deep into the economic insights of Professor Steve Keen—a renowned economist who famously predicted the 2008 financial crisis. Keen challenges mainstream economic models and reveals the fundamental misconceptions that lead economists to repeatedly misjudge the state of the economy, especially when it comes to debt.We'll unpack why conventional wisdom about government and private debt is dangerously flawed, explore the real mechanics of money creation in modern economies, and explain why ignoring private debt can leave entire nations blindsided by financial turmoil. Along the way, we'll touch on provocative ideas like debt jubilees, the dangers of unchecked debt cycles, and the delicate balance between innovation, lending, and inflation.Strap in as we question what you really know about economics, challenge widely held beliefs, and uncover the models shaping your financial future—whether you realize it or not.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderATT Business: Switch to AT&T Business at business.att.comIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory. Built for every industry. Ready for every boardroom.Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Check us out wherever you get your podcasts:Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fdApple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com)Check out our Video game - Project Kyzen: (https://projectkyzen.io/)Catch Me Streaming on Twitch - (https://twitch.tv/tombilyeu)Link to IT discord: https://discord.gg/TZKJ2etPbTTom's Favorite Things List: https://amzn.to/41Ftt7eFor Business inquiries: connect@impacttheory.comFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Twitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWelcome back to another episode of The Tom Bilyeu Show with Tom, cohost, Drew & channel moderator, Ryan. The conversation focused on the chaotic state of global affairs and the rapidly changing technological landscape, with deep dives into geopolitical tensions, economic strategies, and the accelerating influence of artificial intelligence. A key theme that emerged was the ongoing crisis in Iran, including escalating military actions, evolving U.S. foreign policy, and the broader implications for global stability and the energy market. The discussion explored the controversial shifts in AI governance, spotlighting Anthropic's regulatory maneuvers and debates about open versus closed AI models, along with the risks of regulatory capture and the impact on innovation.Several points were raised, including the economic consequences of deindustrialization, the rise of collectibles like Pokémon cards as alternative asset classes, and the ideological battles shaping domestic policies. Throughout, the conversation analyzed the underlying value systems driving both global conflict and technological advancement, ultimately emphasizing the importance of clear-sighted leadership and intellectual honesty in navigating an increasingly complex world.Chapters:00:00 Iran's aggressive threats and warnings08:27 Concerns over US manufacturing capabilities12:08 Nuclear threat and defense capabilities18:40 Trump's approach to foreign conflicts24:47 Cultural misunderstandings in the Middle East32:09 Discussing product safety regulations33:14 Challenges for Small Innovators42:37 Challenges of AI model training48:12 AI market dynamics and challenges53:55 Government involvement and economic tension54:51 Debating open source and funding01:04:30 AI fears and international competition01:07:15 AI and Human Future Dynamics01:13:05 US-Israel wartime information sharing01:17:32 Trading cards as an asset class01:22:59 Shonen Jump's target age strategy01:31:22 Investing in education access01:33:42 Importance of Caloric Deficit01:40:12 Critique on Marxist philosophy01:44:46 Critiquing capitalism and its misconceptions01:49:18 Discussing policy similaritiesSponsors: Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderATT Business: Switch to AT&T Business at business.att.comIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory. Built for every industry. Ready for every boardroom.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to Impact Theory with Tom Bilyeu. In this episode, we dive into the complexities behind the recent Consumer Price Index (CPI) report with Jeff Snider, creator of Eurodollar University. As inflation rates drop, the mainstream narrative celebrates apparent progress— but is this really the good news it seems?Jeff breaks down why the numbers aren't just about falling oil prices, revealing a deeper, crisis-driven deflation that spells trouble for both consumers and the broader economy. We unpack why traditional metrics might not tell the full story, how demand destruction—not healthy innovation—is driving price changes, and why core indicators point to widespread economic fragility rather than a return to prosperity. From the knock-on effects of COVID-19 policies to the persistent struggles of real wage growth, this conversation challenges conventional wisdom and offers tools for understanding the true signals within the chaos.Join us for an eye-opening exploration of what's actually happening beneath the economic surface— and hear why understanding these dynamics might be the most important financial education you get this year.Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Check us out wherever you get your podcasts:Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fdApple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com)Check out our Video game - Project Kyzen: (https://projectkyzen.io/)Catch Me Streaming on Twitch - (https://twitch.tv/tombilyeu)Link to IT discord: https://discord.gg/TZKJ2etPbTTom's Favorite Things List: https://amzn.to/41Ftt7eFor Business inquiries: connect@impacttheory.comFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Twitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderATT Business: Switch to AT&T Business at business.att.comIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheorySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWelcome to another episode of Impact Theory with Tom Bilyeu! In today's show, Tom dives headfirst into the latest groundbreaking developments shaking up the worlds of AI, geopolitics, and beyond. From OpenAI's latest model hacking its way out of a test environment and the explosive competition between American and Chinese AI models, to major policy moves from Trump—think tariffs on generic drugs and high-stakes strikes on Iran's nuclear facilities—Tom pulls no punches unpacking the biggest stories. Along the way, he tackles pressing questions about the arms race in artificial intelligence, election integrity, and shifting global economic power.Expect candid analysis of how propaganda and incentive systems drive both technology and politics, the philosophical debates raging around AI regulation, and some lively cultural detours—including the future of human longevity and what Christopher Nolan's latest epic says about morality. Loaded with sharp perspective and a commitment to exploring all sides, this episode is your window into the headlines that will shape our future. So buckle up—today's conversations may challenge everything you think you know.Chapters: 00:00 Discussing unbiased news sources07:12 AI moving at machine speed15:41 Self-regulating through personal values20:52 Concerns about AI training data25:47 Deciding between patent or trade secret27:13 Discussing Palantir's AI solutions36:49 Reflecting on initial thoughts on Iran40:54 Trump's strategy with Iran47:30 Admitting uncertainty in discussions51:11 China and the concept of fascism55:59 Discussion on voter fraud concerns01:00:57 Discussing media and integrity standards01:05:07 Senate's role in representation01:13:44 Cultural sensitivity in character adaptation01:18:07 Praising Christopher Nolan's latest film01:21:54 Cell aging and methylation process01:31:19 Speculating on new nation concepts01:36:30 Gambling laws in video gamesSponsors: Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderATT Business: Switch to AT&T Business at business.att.comIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheorySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to Impact Theory with Tom Bilyeu. In today's deep dive, Tom unpacks why economic analysts missed the mark when predicting oil prices amid the ongoing war in Iran. Despite forecasts of oil soaring to $200 a barrel, prices unexpectedly plummeted—even as major shipping routes were disrupted and military tensions escalated. Tom takes us through a detailed timeline of the conflict, examines the surprising role of China's shrinking oil demand, and reveals how outdated economic assumptions failed to account for a global downturn already brewing beneath the headlines. By connecting supply, demand, and the hidden frailties of both the Chinese and U.S. economies, Tom explains why falling demand—not war or supply shocks—now holds the key to understanding the global market's future. Whether you're an investor, entrepreneur, or simply curious about the forces shaping our world, this episode exposes the deeper story behind today's economic anxiety and offers practical strategies for navigating uncertain times.Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Check us out wherever you get your podcasts:Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fdApple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com)Check out our Video game - Project Kyzen: (https://projectkyzen.io/)Catch Me Streaming on Twitch - (https://twitch.tv/tombilyeu)Link to IT discord: https://discord.gg/TZKJ2etPbTTom's Favorite Things List: https://amzn.to/41Ftt7eFor Business inquiries: connect@impacttheory.comFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Twitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderATT Business: Switch to AT&T Business at business.att.comIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheorySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWelcome back to another live episode of Impact Theory with Tom Bilyeu, Cohost Drew and Moderator Ryan, where we dig deep into the pressing issues shaping our world right now. In this episode, Tom unpacks the escalating conflict in the Middle East, including the deadly attacks on US soldiers and the global economic repercussions. He explores the surge in Americans leaving the workforce, reflects on the economic crises gripping both the US and China, and breaks down the perils of populist rhetoric and the dangers of historical amnesia in politics.Tom also dissects a viral interview with a DSA co-chair blaming capitalism for Peru's downfall, contrasting that narrative with a historical analysis of Peru's real struggles. The episode navigates contentious debates about government interference in markets—from public grocery stores to state-subsidized industries—and the future of AI as China's Kimi model challenges US dominance.Rounding things out, Tom and the team tackle the latest on the Tate brothers' arrests, the realities of rising social discontent, and the difference between emotionally resonant political messaging and real solutions. Get ready for a wide-ranging, no-holds-barred conversation that combines history, economics, and the urgent social questions of our time.Sponsors: Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderATT Business: Switch to AT&T Business at business.att.comIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheorySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to Impact Theory with Tom Bilyeu. In today's episode, we dive headfirst into the heated debates and pressing questions shaping our future as artificial intelligence advances at breakneck speed. Drawing inspiration from a recent Joe Rogan conversation, we explore a provocative question: what happens to society, meaning, and individual purpose when AI makes work and basic survival obsolete?You'll hear why the popular vision of a utopian, abundance-filled future—where robots do all the heavy lifting and humans are free from mundane labor—might not play out as optimistically as some hope. We unpack the evolutionary wiring that compels us toward meaningful work, the existential risks of losing our sense of purpose, and the sobering lessons of the infamous “Mouse Utopia” experiments. Alongside compelling analogies, cultural observations, and big questions about regulation, generational adaptation, and mental health, this episode offers guidance for finding purpose in an era of abundance—and warns of what might happen if we fail.Get ready to rethink assumptions about work, happiness, AI, and the future of human fulfillment.What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactPaleovalley: 30 for $36 https://bit.ly/PaleovalleyITNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheorySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ever feel like you're being told the economy's amazing, but your life doesn't add up? Like, how can the stock market be breaking records and yet you're struggling just to feel caught up? Oh friend, THIS is the episode for you. I sit down with Jeff Snider—global macro expert, financial historian, and host of Eurodollar University—who blows the lid off the mainstream narrative about money, inflation, and why your reality feels so out of sync with Wall Street's hype.Get ready to have everything you thought you understood about interest rates, “money printing,” and economic growth completely recalibrated. Jeff Snider explains why the classic story of government spending = runaway inflation just doesn't hold up. Instead, he exposes how our obsession with “cheap money” and the stock market distracts from the real, depression-like conditions most people are feeling every day. If you want to finally understand why houses and cars seem impossibly out of reach and why your paycheck never stretches as far as it used to, this episode is your Rosetta Stone.Welcome back to Impact Theory! In today's episode, host Tom Bilyeu sits down with macroeconomic expert Jeff Snider for a deep dive into what's really happening beneath the surface of the global economy. Is the world on the brink of an AI-fueled bubble, or are we actually living through a modern-day depression hiding behind record stock market highs?Jeff Snider brings a contrarian perspective—arguing that the traditional indicators most people rely on, like rising stock prices and inflation headlines, are misleading. Instead, he unpacks the true signals of economic health: yield curves, demand for safety and liquidity, and the importance of global monetary systems like the eurodollar. Together, Tom Bilyeu and Jeff Snider explore the roots of current economic distress, the lasting impacts of lockdowns and supply shocks, the growing pull towards socialism, and what it will take to reboot prosperity for the next generation.Get ready for a thought-provoking conversation that challenges conventional wisdom and offers a roadmap for navigating uncertainty in today's interconnected and unpredictable world.What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactPaleovalley: 30 for $36 https://bit.ly/PaleovalleyITNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheorySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuStraight Arrow News: Go to san.com/tombilyeu to get the unbiased truth on the stories that matter, only on the Straight Arrow app. Let's exit the echo chamber.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactPaleovalley: 30 for $36 https://bit.ly/PaleovalleyITNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheoryWelcome to The Tom Bilyeu Show Live. In today's episode, Tom, Drew, and Ryan break down a packed news cycle starting with the biggest CPI inflation drop since Covid and why it may signal a deep economic sickness rather than a recovery. Tom walks through the mechanism behind the drop, the collapse in labor force participation, and what China's refusal to buy oil despite falling prices reveals about a hidden downturn tied to its $18 trillion housing crisis. The conversation connects the global energy picture directly to the Iran war, where Trump has now formally notified Congress that the US is at war, restarting a 60-day clock and shifting toward a doctrine of disproportionate response. The team explores how a softening economy could hand Trump a political win heading into the midterms, and what China's distraction could mean for Taiwan.From there the episode moves into election integrity and immigration, including a Senate seat filled without an election, the bundling of voter ID with a US-Israel military bill, and a heated three-way debate on incentive structures, ballot harvesting, and the populist moment. The crew digs into ICE temporarily suspending most vehicle stops after multiple fatal shootings, including the death of a Colombian man with a work permit who wasn't the target, and what humane, rule-of-law policing should actually look like. The group then has an extended debate on fully AI-generated political ads, network TV, satire, and whether the answer is regulation or a technological trust system. Finally, Japan reclassifies crypto as a financial instrument, banning insider trading and opening the door to spot crypto ETFs, alongside quick hits on Circle's national trust charter, an AI companion from the makers of Genshin Impact, a SpaceX-founded manufacturing startup, and an Indian company breaking China's grip on rare earth magnets.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

You know those wild tech headlines that make you wonder if the whole AI boom is smoke and mirrors, or if we're on the verge of a revolution? Today's episode is for every single one of you feeling FOMO, confusion, or flat-out dread about where tech is going and how the world will look in a few years. We're digging deep into the BEAR CASE for AI—what's fact, what's hype, and what might bankrupt half the industry before our jobs even change.We break down the no-nonsense take from Ed Zitron (the guy calling B.S. on AI hype), paired up with hot-off-the-press financial receipts, juicy tech drama, and a reality check from Palantir CEO Alex Karp. We're talking margins, runaway spending, why enterprise buyers are majorly sketched, and how every new tech revolution leaves a trail of broke first-movers in its wake. If you've got money in the market or just fear the next bubble pop, you NEED this convo.Welcome back to Impact Theory with Tom Bilyeu. In today's episode, we dive into the heated debate around the future of AI, spurred by Ed Zitron's bearish perspective that claims the industry is overhyped and built on shaky financials. We'll explore the staggering costs and mounting debts at the heart of today's AI giants, the skepticism around their business models, and whether major players like OpenAI and Anthropic can ever become profitable. We'll also examine Palantir CEO Alex Karp's insights on how enterprises are reacting to AI's current shortcomings and the necessity of proprietary solutions to protect company data and foster innovation. Get ready for a deep-dive into the economic realities, risks, and road ahead for artificial intelligence—where technological promise collides with financial reality, and only time will reveal if we're witnessing the birth of a true revolution or the next big bubble.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactPaleovalley: 30 for $36 https://bit.ly/PaleovalleyITNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheorySign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Check us out wherever you get your podcasts:Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fdApple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com)Check out our Video game - Project Kyzen: (https://projectkyzen.io/)Catch Me Streaming on Twitch - (https://twitch.tv/tombilyeu)Link to IT discord: https://discord.gg/TZKJ2etPbTTom's Favorite Things List: https://amzn.to/41Ftt7eFor Business inquiries: connect@impacttheory.comFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Twitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Welcome to Impact Theory with Tom Bilyeu! In this dynamic live episode, Tom dives headfirst into a whirlwind of the week's most electrifying news and conspiracy theories. From the shocking and sudden death of Senator Lindsey Graham and its ensuing firestorm of global conspiracies, to escalating U.S. military actions and rising trade tensions with Canada, no critical topic goes untouched. Tom unpacks why oil markets aren't behaving as expected amidst conflict, the explosive lawsuit between Apple and OpenAI, and how American manufacturing ingenuity is making a comeback in defense tech. Along the way, the team explores the intersection of geopolitics, tech innovation, and even the unexpected risks of pillow talk within national security—all with Tom's signature analytical rigor and unfiltered perspective. Buckle up: this is an unmissable conversation about power, narrative, and the future unfolding before our eyes.Sponsors: Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactPaleovalley: 30 for $36 https://bit.ly/PaleovalleyITNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheorySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to Impact Theory. In today's episode, we dive into the rising power of the Democratic Socialists of America and the candidate who has become the movement's most polarizing new face. As DSA-aligned nominees sweep primaries across New York State, we unpack what these wins actually mean and why the gap between what these candidates say and what they plan to do should concern every American.At the center of the conversation is Darializa Avila Chevalier, the Democratic nominee for Congress in New York's 13th district. We examine her deleted social media history, including past calls to fully abolish the police, opposition to all deportations even for criminals, and posts advocating the seizure of private property, the nationalization of hospitals and pharmaceutical companies, and the freezing of rents. We break down how a clearly intelligent and disciplined politician has learned to dodge the hard questions, deliver eloquent non-answers, and avoid handing anyone a usable soundbite.From the philosophy of socialism and the historical record of where these ideologies lead, to the de Tocqueville concept of the overproduction of elites, to the real economic forces driving young voters left, this conversation pulls no punches. We also dig into identity politics, the difference between diagnosing a problem and prescribing the wrong cure, and why getting the solution wrong can be even more dangerous than ignoring the problem entirely.Whether you are here to understand the future of the American left or to see how today's choices will define tomorrow, this episode offers a sharp and unflinching look at the ideas now competing for power.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactTruemed: Check your eligibility and start saving at https://truemed.com/impactEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuHumble House: 15% off with code TOM https://humblehousefoods.comQuince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactTruemed: Check your eligibility and start saving at https://truemed.com/impactEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Welcome to Impact Theory with Tom Bilyeu. In today's live episode, Tom is joined by co-hosts Drew and Ryan to break down a week where the Iran ceasefire officially died. With talks declared a waste of time, the US returned to negotiating by force, striking roughly 90 targets in a single night, including the infrastructure corridor allegedly allowing China to rearm Iran. The crew unpacks what this means for the Strait of Hormuz, oil prices, and the theory that China's real prize in all of this is Taiwan.Then the conversation turns to Rupert Lowe's explosive Joe Rogan appearance and his claims about Lebanon, immigration, and the future of Britain, sparking one of the most honest debates the show has had about whether the West's immigration tensions come down to racism, economics, or an unavoidable collision of values.From there, the team examines newly surfaced footage of DSA members admitting on camera that their goal is to take down the American system from within, and why Tom argues there's no bigger enemy to the working class. Gary's Economics also lands on the Mount Rushmore of economic villains as his new wealth tax documentary gets panned by his own side, including a brutal on-camera exchange with a Labour-affiliated tax lawyer.Finally, Spencer Pratt announces he's stepping away from his LA campaign and lays out his case for how California's election system enables fraud by design, from ballot harvesting on Skid Row to a 43,000 vote swing days after election night.Whether you're tracking the markets, the culture war, or the future of American elections, this episode delivers the full picture of a world order in flux.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to Impact Theory, where we break down the most impactful stories shaping our world. In today's episode, we dive deep into the unfolding economic chess match between China and the United States, using insight and analysis from YouTuber Andre Jikh. As China makes bold moves to distance itself from the US dollar—shutting down paper gold trading, amassing record amounts of physical gold, and building a new gold settlement system—the stakes for global finance have never been higher.We'll explore why China is aggressively acquiring gold, what it means for the future of the US dollar as the world's reserve currency, and how the manipulation of paper versus physical gold could upend long-standing economic structures. You'll also discover the role of trust, the dangers of unchecked financial speculation, and the possibility of a historic power shift as nations seek to anchor their economies with tangible assets.Stay tuned as we unpack China's strategy, what it signals about the future of global markets, and why these hidden moves could change everything for investors—and for the world.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactTruemed: Check your eligibility and start saving at https://truemed.com/impactEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWelcome back to another episode of the Tom Bilyeu Show Live, where we tackle the most pressing headlines and unravel the complex web connecting global politics, economics, and innovation. In today's fast-paced and far-reaching episode, Tom dives into the aftermath of the US's largest series of strikes on Iran since the recent ceasefire, breaking down the volatile reactions in oil and gold markets, and exploring the potential for a prolonged "forever war" in the region. He analyzes the ripple effects on inflation, US debt, and Japan's precarious position in the global bond market, ultimately painting a picture of interconnected instability.Tom doesn't stop with geopolitics; he turns the lens on US domestic issues, unpacking the evolving controversy and political fallout around Graham Platner, and how power—not morals—dictates the behavior of politicians on both sides. The discussion then shifts to the structural challenges of Social Security and the proposal of “Trump accounts,” sparking debate on wealth distribution, financial literacy, and the future of retirement for younger generations.Rounding things out, Tom addresses the ongoing Tyler Robinson trial, algorithmic bias in media consumption, Japan's economic trajectory, and why humility and vigilance are vital in chaotic times. As always, the episode is packed with hard-hitting analysis, actionable insights, and unfiltered truth—with a little help from today's sponsor, Straight Arrow News. Buckle up—there's a lot to unpack, and it's more relevant than ever.Chapters: 00:00 Iran strikes impact markets07:45 Speculation on Trump's Post-Election Actions13:51 Bypassing Strait of Hormuz18:54 Concerns about Iran's missile threat24:49 Surge in foreign investment27:19 AI Investment and Market Cycles36:32 Questioning Political Morality Standards41:22 Japan's Rate Policies and Carry Trade46:11 Global economic instability concerns53:45 Teaching financial literacy to kids58:23 Balancing the budget for future benefits01:04:32 Degrees of socialism debate01:06:24 Balancing government and free market01:15:23 Discussing perceptions of Trump's policies01:17:04 Balancing fear of political sides01:21:50 Improving personal productivity01:30:30 Preliminary hearing overview01:33:46 Unfired bullet found on rooftopSponsors:Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.ATT Business: Switch to AT&T Business at business.att.comKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactTruemed: Check your eligibility and start saving at https://truemed.com/impactEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.