"This Is A $10 Billion Industry Pretending To Be A Trillion Dollar One" — We Had To React

Planned Episode 7/18/2026

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America Is 8 Million Jobs Short — And It's Getting Worse

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%20show]:  * 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%20show [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%20show] * * SCALING a business: see if you qualify here. [https://tombilyeu.com/call]:  * https://tombilyeu.com/call [https://tombilyeu.com/call] * Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. [https://tombilyeu.com/]: https://tombilyeu.com/ [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 [https://open.spotify.com/show/47VE90Cittmo6TGGFqg2xf] —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/ [https://www.instagram.com/tombilyeu/] Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en [https://www.tiktok.com/@tombilyeu?lang=en] Twitter: https://twitter.com/tombilyeu [https://twitter.com/tombilyeu] YouTube: https://www.youtube.com/@TomBilyeu [https://www.youtube.com/@TomBilyeu] Quince: Free shipping and 365-day returns at https://quince.com/impactpod Whatnot: Download the Whatnot app today and get free shipping on your first order. ATT Business: Switch to AT&T Business at business.att.com [http://business.att.com] Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact [https://shopify.com/impact] Incogni: 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 [https://incogni.com/impact]  Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impact [https://quo.com/impact] Paleovalley: 30 for $36 https://bit.ly/PaleovalleyIT [https://bit.ly/PaleovalleyIT] Netsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/Theory [https://netsuite.com/Theory] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

Trump Declares War on Iran (again), Inflation Crashes HARD, and ICE Killings Continue | The Tom Bilyeu Show

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%20show]:  * 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%20show [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%20show] * * SCALING a business: see if you qualify here. [https://tombilyeu.com/call]:  * https://tombilyeu.com/call [https://tombilyeu.com/call] * Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. [https://tombilyeu.com/]: https://tombilyeu.com/ [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 [https://open.spotify.com/show/47VE90Cittmo6TGGFqg2xf] —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/ [https://www.instagram.com/tombilyeu/] Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en [https://www.tiktok.com/@tombilyeu?lang=en] Twitter: https://twitter.com/tombilyeu [https://twitter.com/tombilyeu] YouTube: https://www.youtube.com/@TomBilyeu [https://www.youtube.com/@TomBilyeu] Straight Arrow News: Go to san.com/tombilyeu [http://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/impactpod Whatnot: Download the Whatnot app today and get free shipping on your first order. ATT Business: Switch to AT&T Business at business.att.com [http://business.att.com] Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact [https://shopify.com/impact] Incogni: 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 [https://incogni.com/impact]  Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impact [https://quo.com/impact] Paleovalley: 30 for $36 https://bit.ly/PaleovalleyIT [https://bit.ly/PaleovalleyIT] Netsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/Theory [https://netsuite.com/Theory] Welcome 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 [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

"This Is A $10 Billion Industry Pretending To Be A Trillion Dollar One" — We Had To React

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/impactpod Whatnot: Download the Whatnot app today and get free shipping on your first order. ATT Business: Switch to AT&T Business at business.att.com [http://business.att.com] Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact [https://shopify.com/impact] Incogni: 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 [https://incogni.com/impact]  Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impact [https://quo.com/impact] Paleovalley: 30 for $36 https://bit.ly/PaleovalleyIT [https://bit.ly/PaleovalleyIT] Netsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/Theory [https://netsuite.com/Theory] Sign up for my AI Masterclass:  https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=you [https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social] tube&utm_medium=social [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=a8daffd2bf1f48fd [https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fd] Apple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648 [https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648] Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/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) [https://tombilyeu.com] Check out our Video game - Project Kyzen: (https://projectkyzen.io/) [https://projectkyzen.io/] Catch Me Streaming on Twitch -  (https://twitch.tv/tombilyeu [https://twitch.tv/tombilyeu]) Link to IT discord: https://discord.gg/TZKJ2etPbT [https://discord.gg/TZKJ2etPbT] Tom's Favorite Things List:  https://amzn.to/41Ftt7e [https://amzn.to/41Ftt7e] For Business inquiries: connect@impacttheory.com [connect@impacttheory.com] FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ [https://www.instagram.com/tombilyeu/] Twitter: https://twitter.com/tombilyeu [https://twitter.com/tombilyeu] YouTube: https://www.youtube.com/@TomBilyeu [https://www.youtube.com/@TomBilyeu] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

Apple Just Filed the Lawsuit That Could Destroy OpenAI

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALE [https://impacttheory.co/SCALE] Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social [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/impactpod Whatnot: Download the Whatnot app today and get free shipping on your first order. ATT Business: Switch to AT&T Business at business.att.com [http://business.att.com] Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact [https://shopify.com/impact] Incogni: 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 [https://incogni.com/impact]  Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impact [https://quo.com/impact] Paleovalley: 30 for $36 https://bit.ly/PaleovalleyIT [https://bit.ly/PaleovalleyIT] Netsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/Theory [https://netsuite.com/Theory] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].