Podcast
Tom Bilyeu's Impact Theory
Hosted by Impact Theory · EN
Uncover the truth behind the headlines and memes in an unbiased pursuit of what’s real.
From interviews and reactions to debates on the most important topics of the day, this podcast will challenge everything you know about current events, the economy, culture, and more. Tom Bilyeu’s Impact Theory helps you thrive in our complex world.
Hosted by Tom Bilyeu, a prominent entrepreneur and co-founder of the billion-dollar company Quest Nutrition, Impact Theory covers what matters today. From geopolitics and economics to AI, science, future tech, and beyond, Tom breaks down complex topics into their fundamental elements. Learn how to see the world clearly so you can navigate even the most disruptive era.
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Mamdani vs Amazon, AI Replacing Doctors, DSA Member Is $108K Behind On Rent | Weekly Recap
Yesterday00:33:49Summary readyWhat'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 ...
SummaryThis Isn't Just Technology — It's A Weapons Race — We Had To React
2d ago00:45:19Summary readyWelcome 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.
SummaryManufacturing Comeback, Data Center Miracles & The Collapse of U.S. Education: What’s Really Happening? | Tom Bilyeu Show
3d ago02:00:45Summary readyITU: 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.
SummaryThis One Bread Story Explains Why Every Planned Economy Collapses — We Had To React
4d ago00:53:46Summary readyIn 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.
SummaryNVIDIA’s $500 Billion Gamble, A.I. Doctor Revolution, & Rent Strikes Gone Wild | The Tom Bilyeu Show
5d ago01:33:00Summary readyITU: 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.
SummaryThe Banks Aren't Holding The AI Financial Risk — The Public Is — We Had To React
6d ago00:48:24Summary readyWelcome 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.
SummaryChina’s Gold Grab, WNBA Mayhem & America in Decline? The Hard Truths We Can’t Ignore | Tom Bilyeu Show
1w ago01:53:37Summary readyWelcome 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.
Summary
Why the US Just Bought Yen for the First Time Since 1998, Mamdani Just Learned People Abuse Systems, Democrats Are About to Start Sounding Like the DSA | Weekly Recap
1w ago00:54:32Summary readyWhat'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.
SummaryThis Number Is Higher Than It Was Before The 1929 Crash — We Had To React
1w ago00:54:56Summary readyWhat'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.
SummaryDid Birthright Citizenship Just End? Big Changes Ahead for America’s Borders | Tom Bilyeu Show
1w ago01:53:32Summary readyITU: 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.
Summary