The Blue Tsunami in the Midterms is a Bigger Deal Than People Realize | The Tom Bilyeu Show

Hey everybody, Tom Bilyeu here. On today’s episode of The Tom Bilyeu Show, we dive straight into the political and economic earthquake shaking the country: the “blue tsunami” in the midterm elections and what it really means for America’s future. While the media is spinning the results as a huge Democratic victory, I want to dig beneath the surface—was this vote truly for Democrats, or a stunning rejection of Trump and the Republicans? The conversation focused on the unprecedented swings in the House and Senate, the wild reactions in the financial markets, and the deeper reasons fueling this political shift—broken promises, rising gas prices, foreign policy entanglements, and a growing sense of frustration from everyday Americans. We’ll examine the fallout: what’s gridlock going to look like over the next two years, how will policy battles over spending and AI regulation shape the country, and what can history teach us about the coming political narrative wars? To get to the truth of what’s driving these seismic changes, we’ll break down why money in politics didn’t buy the results some billionaires wanted, the tremors this is sending through the AI and business world, and how shifts in cultural energy are colliding with hard economic realities. Whether you’re worried about your investments, starting a business, or just trying to make sense of the chaos, this is an episode packed with no-nonsense analysis and hard-hitting questions about the road ahead. Stay tuned—because what just happened could define the next decade. What's up, everybody? It's Tom Bilyeu here: Want my help starting a business? Join me here inside 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 Sign up for my AI Masterclass: AI Masterclass https://tombilyeu.com/ai-masterclass?utm_campaign=Live%20Masterclass&utm_source=podcast&utm_medium=evergreen Follow Me: Instagram:https://www.instagram.com/tombilyeu/ Tik Tok:https://www.tiktok.com/@tombilyeu?lang=en Twitter:https://twitter.com/tombilyeu YouTube:https://www.youtube.com/@TomBilyeu Thank you to our Sponsors: Tailor Brands: Check out Tailor Brands to launch your business starting at $0 + state fees: https://bit.ly/TailorBrandsSept Quince: Free shipping and 365-day returns at https://quince.com/impactpod Quo: ​​Try for free PLUS get 20% off your first 6 months at https://quo.com/impact Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription order PLUS receive a free gift with your second shipment—or find Ketone-IQ at CVS stores nationwide and get $5 off your first 6-pack for a limited time! Shopify: Sign up for your free trial period at https://shopify.com/impact See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Tom Bilyeu?

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• 1:30Tom Bilyeu?

  The war in Iran is now threatening to explode again as new US strikes prompt a wild reaction from Iran. We've got the details on that. Israeli intelligence has a terrifying warning for the US and Gulf allies about Iran's attack plans. But is the US even buying it? Trump makes a shocking move that may change our relationship with Israel forever. Speaking of things that will change things forever, man. The California wealth tax failure is far crazier than people understand. And most people are getting the implications of what just happened exactly backwards. I'm going to explain why.

• 2:10Tom Bilyeu?

  The corporate response to AI just got really weird and problematic as Goldman Sachs issues a surprising company-wide rule that's going to reverberate for a while. All of that and more right now on the Tom Bilyeu Show Live. Welcome, everybody. Today is a big day, man. We have so much to talk about and I'm so grateful to Tailor Brands for sponsoring this episode. You guys are amazing. Thank you for rocking with us as we talk about all this crazy stuff. And starting a business is one of the craziest things you guys will ever do. It's awesome. It's rewarding, but especially the beginning is very difficult. And Tailor Brands can help make that easy, starting at $0. They're going to help you set up all kinds of stuff. All you have to pay for are the state fees, but they make everything easier.

• 2:55Tom Bilyeu?

  Getting all the legal structure set up for your LLC, all of that, getting business coaching, everything. These guys have all of it in the kitchen sink. They will help you. Again, shout out to Tailor Brands. We love you guys. Thank you so much for all the help. Okay, kids, the midterms, boy, oh, boy. What could have been a blue wave really did turn into a tsunami. It is a very big deal that is going to matter a lot, but not what people think in terms of what this is actually going to mean. And so that's where all of this stuff is going to get crazy. Because if you don't understand the reasons why all of this is happening, you're in trouble. Now, going in, every model had Democrats as heavy favorites to sweep. We were talking about it. You had Polly Market clocking in at 75% chance of a sweep.

• 3:40Tom Bilyeu?

  Calci 74, Silver Bulletin 82%. And they were right. But as Drew and I were talking about in our last time together, these guys are often wrong in sort of what's going to be the direction. And this time it was just a complete underselling of the margin. The blue wave truly came in tsunami territory. The Democrats nationwide grabbed the GOP by the collar and punched them in the face hard. The question is, for swing voters, was this a vote for the Democrats or against the Republicans? And if you look at some of the exit polls and what is flying around on social media,

• 4:21Tom Bilyeu?

  this was a stunning rejection of Trump and the Republicans, far more than it was an embrace of the Democrats. When we're talking about swing voters, obviously, if you guys saw some of the footage coming out of Austin, Texas, it really did sound like some dictator had just been overthrown. People honking their horn, screaming, yelling, cheering. So there is a lot of energy pushing back against what the Trump administration is doing. I very much doubt that Trump was actually doing anybody favors by campaigning as hard as he did. I think this is going to go down as somebody just shooting themselves in the dick over and over and over, over the last two years.

• 5:00Tom Bilyeu?

  You got to the point where even Nick Fuentes was telling his army of Groyper's to vote Democrat. He was not being bashful about it. He was telling them to get out and vote Democrat. So when you've got Nick Fuentes and the DSA sending out almost identical tweets to their followers, you have a very strange alliance indeed. This was so wild. Let's hear it directly from the maniac's mouth. Nick Fuentes, we got a clip for you.

• 5:28Speaker 01

  This is literally the worst case scenario for Republicans playing out tonight. And honestly, I could not be happier. It's a great night for the Groyper's, bad night for Republicans. Maybe it's the best night of all for the Democrats. And I'll show you, this was my take earlier on Twitter. Let me get my profile loaded up here. I, of course, was encouraging everybody early in the afternoon. I was telling my followers, you guys watching at home, to vote Democrat.

• 6:04Tom Bilyeu?

  This is how you know this is about punishment, man.

• 6:06Speaker 01

  I said this at noon. Get out and vote Democrat, blue wave. And it was actually kind of a nice moment. I saw Dean Withers posted an identical tweet.

• 6:15Tom Bilyeu?

  From the DSA.

• 6:16Speaker 01

  Dean Withers said the exact same thing. He said, get out and vote Democrat. And then he did a blue heart emoji and then the ballot. Trump has truly united the country. Not in the way maybe he thought, maybe not in the way that MAGA wanted to.

• 6:32Tom Bilyeu?

  I would say not.

• 6:33Speaker 01

  Trump has truly united the country, the biggest of big tents. You got Nick Fuentes and Dean Withers. You have the Groyper's and the DSA all going absolutely hard for the Democrats tonight and delivering the biggest of all victories.

• 6:51Tom Bilyeu?

  So this is completely wild. When you think about how much the reality on the ground of Trump's policies has alienated people, they were expecting one thing when they voted him in and they do not. They look at the results and they see that they clearly did not get the things that he promised. When you are banging the drum about the Epstein files and then you try to bury it and act like, what are people talking about? Why are they still interested in this? When you say no new wars, especially, he literally called out the Middle East and then goes to war in the Middle East, does not get the quick victory that he was obviously hoping for. Gas prices going up. The great irony being that gas prices are lower now than they were during the Biden administration, but people do not care about that. That is old news, man.

• 7:36Tom Bilyeu?

  What people are looking at is right now, are things moving in the direction? Were promises kept that were made to us? Were they broken? And people voted saying, you broke your promises. We want you out. People, I don't think swing voters are necessarily thinking, oh, hey, I bet that the Democrats are going to lead us in a better economic direction. I think they're thinking that Trump and the Republicans did not do the things that they promised. In fact, in many cases, they did the exact opposite. And then just all of the allegations of wrongdoing in terms of Trump's investments. So imagine you're the average person on the street. You're, it's getting harder and harder for you to make ends meet. And the president is getting unimaginably wealthy from being in office. People are going to feel some type of way about that.

• 8:21Tom Bilyeu?

  And that is exactly what you saw happen in the elections. Now, needless to say, some of the people that are getting voted in were not the people that I wanted because I am thinking from an economic lens, in the long term, where is this going to go? Ooh, buddy, there especially, because remember, I'm here in California where Nithya Ramen is in the lead. It hasn't been called yet, so we'll see. I had a choice between Karen Bass and Nithya Ramen. Yikes. And nonetheless, in Los Angeles, it looks like the DSA wing has the energy. I've been saying this for a while, man, that there is just a push farther and farther to the left on economic policies, which are going to come back to bite people in the ass. That is the thing that people are not necessarily being clear-eyed about in terms of, hey,

• 9:06Tom Bilyeu?

  if I want to send somebody a message of basically, you can fuck right off. There are going to be very interesting consequences to this. So let's look at all of this from the perspective of math to get a better idea of exactly where we're headed over the next two years and what this actually means for how government is going to be run and what laws are likely to get passed. So Democrats are projected to hold at least 255 House seats when the new Congress is sworn in. Yo. NBC's Decision Desk puts the final number near 258. I've seen people say as high as 259.

• 9:47Tom Bilyeu?

  And obviously, they're, they're calling the Senate also a 75-seat, sorry, that's a 75-seat majority. So just absolutely massive. The scale of it is astonishing. So Democrats won 233 seats back in 2006, which was the backlash against Iraq. So this is bigger than that. Republicans won 242 in the 2010 Tea Party wave, but no party has held 258 since 1993. The Senate flipped it. So you've got seven pickups, Iowa, Kansas, Ohio, Maine, North Carolina, South Carolina.

• 10:29Speaker 02

  Little sister got out of there. We got her up out of there.

• 10:33Tom Bilyeu?

  Walloped.

• 10:33Speaker 02

  I don't know foreign policy, but to my knowledge, Ali, my bad.

• 10:37Tom Bilyeu?

  Go ahead. Not at all, man. The one that really is scandalous is Texas. Now, I am not going to be a big fan of James Talarico from a policy and economic perspective. I will tell you that. However, all of us should be looking at this and realizing, money don't buy what it used to, man. So you had Elon Musk throwing a gazillion dollars at that race and he still lost. He actually tweeted about this. I don't know if you can pull it up fast, but he had a pretty funny tweet where he was like, I guess my, oh, God, he used a really funny phrase. Here we go. Guess my election interfering space lasers didn't work this time. Guess not, man.

• 11:20Tom Bilyeu?

  So to be honest, even though I would much rather Uh, see somebody in office that's going to be pushing AI hard, that's going to make that lane nice and easy. That's a more conservative on some of the social issues. Would love to see it. I am glad to see that the will of the people can actually overwhelm money being spent in politics. Hopefully, all of us, I don't care what side you're on, hopefully, all of us can agree that money in politics is a freak show and we should all want to get it out. So the fact that people have spoken, despite saying some things that I don't necessarily want them to say, I love hearing that the will of the people can overwhelm the money that's being spent. So for all of us, that is certainly a win,

• 12:05Tom Bilyeu?

  that once people set their mind to something and they really get out there and vote, uh, that you can overwhelm the amount of money that's being spent. So for me, that is a big win. I'm very happy to see that. Now, South Carolina also flipped, so it is very interesting to see what a move this is. Now, we have had times where there have been more seats lost or gained, depending on how you look at it, uh, in a midterm election than what we just saw. So in that sense, it's not unprecedented, but again, having this many seats in the House, the last time we saw it was 1993. So pretty wild. This is

• 12:44Tom Bilyeu?

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• 14:54Tom Bilyeu?

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• 16:22Tom Bilyeu?

  Biden was up over $5. But nonetheless, it is not a place that made people very happy. And we're up $1.16 since the Iran war started back in February. People don't love it. It just looks like a catastrophic error. 74% told CNN the war was a crucial or major factor in their vote. So this is definitely a FFO initiative here on the president's side. So, uh, yeah, if you're not, if people are telling you, fix the economy, keep me out of wars, stop foreign entanglements, put America first, remember all that rhetoric, and then you

• 17:05Tom Bilyeu?

  do what looks like the exact opposite, and it has results that are the opposite, then people are going to vote what is in their best interest. Now, the markets have been whipsawing around. It has been absolutely fascinating to watch. At first, they were cratering. It was just falling down, down, down. But then the Dow futures jumped 800 points overnight. The S and P rose close to a full percent. Treasury yields fell, meaning that people were, yeah, I'm perfectly happy to buy treasuries. I love it. The dollar

• 17:44Tom Bilyeu?

  also fell with them, and that mechanistically sent gold back over 4,000 and silver up 4% to roughly $52. So I think ultimately, that's the market understanding that, one, that the election isn't being contested. So Trump has not, I haven't seen anything where he's saying anything other than it is what it is. And so I think there is some massive relief there for the markets that this didn't escalate into just like some constitutional crisis and get way crazier than it otherwise could have been. They're also looking at potential gridlock that basically the president, while the Republican Party will almost certainly take reputational damage, as now Congress and the Senate will be able to get bills

• 18:29Tom Bilyeu?

  pushed to him that he's going to be forced to publicly veto, and they know that that will play into their hands in the 2028 campaign season. So that's going to be a whole thing. But the market understands that basically there's going to be gridlock. And so there's not going to be a ton of spending changes that are going to be able to be pushed through because the president will be able to stop it. So there, I think the market is essentially looking at all of this and saying, all right, we've got two years where very little is going to change, and so let's just keep, um, steady, if you will. So, but it was so interesting to watch them initially, not panic, but start selling things off, then

• 19:10Tom Bilyeu?

  stabilize and bounce back up. And it looks like this crazy V on a chart. So, very, very interesting. Now, Trump has accepted all of this. He said, and I quote, "I'm absolutely willing to accept those results." Cool. He told the New York Times from the White House, adding, "We'll probably work something out." What he was referring to is basically, "I'm going to veto a bunch of shit and then eventually we'll find some common ground." We'll see about that. Uh, I think it is wise for everybody to remember that we're now just into the presidential election season now. It'll be maybe a little light over the next year, but then it is just going to be a full-fledged, uh, battle after that. You

• 19:52Tom Bilyeu?

  can also expect to see, uh, another spending, um, issue where the government is likely to hit gridlock again on the debt ceiling. Uh, I think there are some things that they can do to push that crisis off until 2028, and I think Trump will try to kick that down the road as much as he can. But we will see. It's been pretty fascinating to watch who Trump is blaming in all of this. He was actually turning on Fox News and said Republicans would have won in a landslide if his name had been on the ballot. This man is capital D delusion. That is wild. Now, thankfully, he's not throwing out fraud claims. I think

• 20:32Tom Bilyeu?

  a lot of people were worried that the Republicans were trying to lay the groundwork to say that the election was stolen, but I think it's just so overwhelming. You want to talk too big to rig?

• 20:44Tom Bilyeu?

  Yeah, uh, I, I just think there was nowhere left to hide from these results. They were polled coming into it. Everybody was saying the same thing. Not only were the polls directionally correct, they undersold the whole thing. So, uh, it's pretty wild. Now, what is going to happen in January? Democrats are gonna take every committee gavel and the subpoena power that comes with them. So get ready. Strap in, you are definitely going to see the Trump administration pursued from virtually every angle that you can imagine. You can be pretty confident that Trump is going to get impeached. You can also be pretty confident that it will fail in the Senate.

• 21:25Tom Bilyeu?

  He's not going to get convicted. That would be absolutely shocking because you would need a super majority there to pull it off, which they don't have, which is an important note about all of this. Neither in the House nor in the Senate do the Democrats have a super majority. So they're not going to be making constitutional amendments. Uh, they're not going to be able to override Trump's veto for that. They would have to get Republicans to cooperate. I think the odds of that are very low. However, uh, you are going to see a lot of Democrats on Oversight. Uh, Robert Garcia, the top Democrat on Oversight, posted two words. Lawyer up. That was Gallo Humor's laughter on my part. You guys know I fucking hate all of this back and forth, legal battling,

• 22:10Tom Bilyeu?

  but it is what we are about to go through. It is going to get way worse before it gets better. Ron Wyden posted one word and just said subpoenas. So, yeah, we can all get ready for a whole lot of investigations, which by the way, investigations, definitely. We should want to know what's going on on both sides of the aisle. The thing that I pray for emptily, because I know this is never going to happen, but boy, would it be nice if the Democrats were actually looking at both sides uh, of the aisle to begin rooting out corruption. It is very distressing to see how much of that and fraud is present here in the US. And boy, oh, boy, would I like to see an administration, any administration,

• 22:54Tom Bilyeu?

  uh, actually tackle that stuff head on and not just make it a political cudgel that they try to beat the other side to death with. Uh, looking at exactly what's going on so that we can root it out, so that we can actually get back to a functioning, uh, democracy. Boy, that would be lovely. I am certainly not holding my breath for it. Um, but that's where we are. Hakeem Jeffries has promised to run Pete Hegseth out of town and says a third Trump impeachment is neither ruled in nor ruled out. I, I will just tell you right now, they're gonna go after it for sure. I would be absolutely shocked if they didn't. I've been wrong before, but boy, that one would be surprising. Um, 71% of voters, including 41% of Republicans,

• 23:36Tom Bilyeu?

  said Congress isn't doing enough to check the president. So get ready. Get ready for some checks. So you're gonna see a lot of bills coming forward. Jeffries, first four, probably something along the lines of reverse Medicaid cuts, extend the Affordable Care Act subsidies, take tariff power back from the White House, and end the war in Iran. Ro Khanna's list runs even further. Medicare for all, a $25 minimum wage, tax the billionaires. Uh, now, none of this is gonna survive a veto, but these guys are laying out their plans. You've got Ro Khanna tweeting about all this stuff. We're gonna get to some of the more unhinged shit, which, holy lord, there has been some unhinged Democrats calling for things that are beyond shocking,

• 24:20Tom Bilyeu?

  given who they're coming from. More on that later. Uh, Democrats are roughly 32 House votes and 13 Senate votes short of the super majority that they would need to override the presidential veto. So again, that's not likely to be coming in the future, but they are going to use that as a weapon. Ro Khanna's been talking about this nakedly. He just literally said it out loud, uh, on X. And he said, "We wanna make Trump Hoover." Now, if you don't know what that means, basically, this is a historical reference to the Great Depression. In 1932, Hoover had vetoed a relief bill. Roosevelt ran on exactly that veto,

• 25:00Tom Bilyeu?

  and Democrats held the House, uh, for all but four of the next 62 years, riding on the back of like, hey, these guys don't care about you. In your moment of most need, they, uh, the president voted against you. That's exactly what you can expect from the Republican Party. They're not gonna be there for you when you need them. So Ro Khanna's strategy, and I think something that will be echoed by many Democrats, is going to be put things forward that sound good on paper. They're terrible ideas. Uh, they will absolutely devastate the middle class. But hey, uh, that's not gonna stop them from running on it. And they're going to force the president to veto those, um, spending initiatives.

• 25:42Tom Bilyeu?

  And in doing that, in 2028, they're going to push, the Democrats are going to push very hard to paint Republicans as just being completely out of touch with where the average person is. And given what's happened over the last two years, if Trump does not turn the economy around in the next two years, I think that will be a message that will really resonate. And the Republicans are gonna be in deep trouble trying to win back the House and/or the Senate. It is gonna be a long road. There is likely a lot of years between now and when the Republicans are able to actually win back a majority, barring some unforeseen event. This is big, man. There's just no two ways about the fact that these big, the midterms was a big shift. It is a meaningful shift.

• 26:27Tom Bilyeu?

  Now, when I say that people do not understand exactly what this means, the problem here is that if this allows them to paint a picture around what we really need is more spending, more spending, more spending, and anybody that votes against it is your enemy, then they are going to lock us all in a death spiral. Because the problem is the spending. The problem is already the spending. Spending by Republicans, spending by Democrats. Whoever wants to spend more is the bigger enemy. Whoever damages the, uh, underlying, um, engine of prosperity that our economy is structured on, whoever does more damage to that is the bigger enemy.

• 27:07Tom Bilyeu?

  And unfortunately, given that the energy on the Democrat side is pushing farther and farther left, and I would certainly expect that to continue, if not accelerate, though that'll be the one, um, hope of a balancing effect that we'll have is if over the next two years, the left feels that, hey, we've just been told that the, um, DSA-style energy is the energy. People knew that. They voted for it. Look at El Said's victory. We know that. Look at what's happening in Los Angeles with Nithya Raman. So if they lean more into that, then that is going to be just hammer blow after hammer blow uh, on the economy, on, um, cultural issues.

• 27:49Tom Bilyeu?

  And so it's possible that we get some temperance that comes out of that and that, uh, more swing voters start getting worried about the acceleration to the left. We'll see. It's a bit too early to call that. But that would be the one hope of something that balances things out, uh, which is always the thing that I'm hoping for. Nice tension between the two sides. But we're gonna see what it looks like now for the next two years when there's way more influence, uh, in the House and the Senate coming from the Democrats. Because boy, oh, boy, they won big.

• 28:19Speaker 02

  Uh, I think it's important to ground us in what just happened, okay? Because while, yes, the Democrats now have a majority in the Senate and in the House, there's gonna be a bunch of terms.

• 28:28Tom Bilyeu?

  A convincing majority.

• 28:30Speaker 02

  There's just gonna be a bunch of terms. So you already.

• 28:32Tom Bilyeu?

  There's gonna be a bunch of terms?

• 28:33Speaker 02

  There's gonna be a bunch of things that people say and they kind of run with because, oh, the Democrats are in power, so now this will happen. And we just wanna let you know that that's why checks and balances are so important. So the Democrats don't have a free pen that anything they write into law will become. So Ro Khanna can tweet his wish list, but he would need at least eight Republicans in the Senate or like 40 in the House to agree with all those terms. I don't think that's happening. So a lot of those policies are gonna fall flat. When we talk about impeachment, the House can impeach Donald Trump on paper, which they have done twice before, but when it goes to the Senate, the same thing. They need at least 67 senators to say it. So unless MAGA and the right suddenly say, you know what? I wanna be conservative Republicans again and not MAGA Republicans again. And maybe this is their time to kind of cut out the, the dead meat.

• 29:15Speaker 02

  Maybe, but for all intents and purposes, Donald Trump is gonna be our president for the next two years regardless. So we just wanna, I just wanna kind of level set that. If there's any confirmations or any new cabinet positions that come up, yes, the Democrats have the Senate majority, so they could just say no on his appointments. So that might be the only.

• 29:33Tom Bilyeu?

  And that's a good way to think about this, is what just happened is the shift from who gets to say no moved from Republicans to Democrats. So Republicans were able to get precious little legislation through. Um, with their slim majority, they just weren't able to get a lot done. And now you're going to see that flip to where the Democrats are gonna be the ones that say no. But because the president can just veto anything that he doesn't wanna see go through, there's gonna be a lot of vetoes. So the gridlock is likely to go up, not down, to your point. It's not gonna be Democrats ramrodding things through because of the checks and balances that we have set up.

• 30:14Tom Bilyeu?

  But when you look at the how this plays out in 2028, that's going to be very interesting.

• 30:19Speaker 02

  I disagree though. I think that the Republicans did get a lot through. They did get the BBB bill passed. Trump did get every tariff policy he wanted off the ground. They did invade Venezuela and Iran without Senate approval.

• 30:29Tom Bilyeu?

  He's done most of that through EOs, so it'll be easily reversed.

• 30:32Speaker 02

  No, the big B for bill is a law. That law got passed in there. Terrorist was the EO. The Senate did cut that down.

• 30:39Tom Bilyeu?

  I wish I had pulled it, but I did look it up. So the numbers were, and I can't remember what they were comparing it to. If they were comparing it to Biden or the last Trump term, but it was like 229 pieces of legislation passed versus like 140. It's a substantive drop. So just from a volume of legislation perspective, we did not get much through. Were there a couple of big beats? Yes, definitely. But if I haven't mapped this much out, but I have a feeling if you were to look at like the last 20 years, you would just see like a slope of legislation that gets passed that's just going down, down, down. Again, that's gut feel. Somebody would definitely need to fact check me, but it the, I don't know if it's a historic low, certainly won't say that, but I think it's a regional low

• 31:23Tom Bilyeu?

  in terms of what legislation has been passed in the first two years, even though Trump had a majority in the House and Senate.

• 31:31Speaker 02

  Copy. There's one other thing. I took this tweet from Cartoon underscore Magoo. Today's results are better understood as

• 31:39Tom Bilyeu?

  These are hilarious.

• 31:40Speaker 02

  The today's results are better understood as a left center wave, not a woke one. Trump lost big, but so did a lot of far left ideas. The billionaire tax field in California, transgender school sports restrictions were passed in Washington. Increased penalties for fentanyl dealing and even possession passed in Colorado. Weiner won in Chan and won over Chan in San Francisco. Angie Nixon, the only person who was on the ballot saying, I am a member of the DSA. She lost in Florida. As much as we call El Said DSA, he's just Muslim. He has

• 32:09Tom Bilyeu?

  No, no, that's false.

• 32:10Speaker 02

  He's not, he's not part of the DSA. He has, he has condemned the DSA as well. Just again, a lot of people say you will use political power to get into the, I will use my political allies to get into power, but when I actually have to pass legislation, a lot of that legislation hasn't passed. I'm looking at Mamdani. Buses still aren't free. He had the period of terror tax. He's on his way of passing that. But I just want to just ground us everybody that there's not just a bunch of transgender that about to pop out and come transition your kids. We're okay. Don't let the cultural noise impact what's actually happening on the front lines.

• 32:42Tom Bilyeu?

  So I definitely agree with the sentiment that nobody should be panicking right now. Everybody should go about their day and love their neighbor and not be mad at people that voted differently than you. That is for sure. However, I'll take exception to the direction of travel is real. And when you look at El Said and the things that he has said on the record, they are so aligned with the DSA that I think what you're seeing is a very talented politician and he is very talented. This kid is bright. He's a very eloquent guy. He's very persuasive. Nobody needs to pretend that they're not up against what I will call a formidable foe.

• 33:26Tom Bilyeu?

  He, for me, I'm not saying for you, but for me, he is a very formidable foe. Super intelligent. I think he's going to be an effective politician. One of the things that I think he was very effective as is he understood, listen, I've got two fucking battles. I cannot fight them both. I've got the fact that I'll be the first Muslim Senator, which he is now. But he also has the, all the early ties to the DSA, all of the campaigning that he did with the literal poster child for the DSA, Hassan Piker. There's no, he'll never beat those allegations unless he just completely flips and starts voting for things. Because there's a very big difference between I couldn't get the thing I wanted passed and I voted against the thing that I said I didn't like.

• 34:11Tom Bilyeu?

  So Mamdani is still going hard in the paint to get all the things that he wants through. Like he has in no way, shape or form de-radicalized.

• 34:19Speaker 02

  No, I disagree because even with the defund the police, he's now cool with the NYC police chief. So he's actively stepping back on things. So I think just like with Trump, he made a bunch of promises and he broke them when he got into office. I think Mamdani is going to did the same thing. I think El Said is going to do the same thing. So there are certain things that we have to understand that whether you're a right politician or a left politician, you're still a politician. You're still going to lie. You're still going to say what he needs to say to get into office.

• 34:42Tom Bilyeu?

  So your take is that El Said is moderate. Mamdani is moderate and they were faking when they rallied the DSA vote.

• 34:55Speaker 02

  They're not as far left as we think they are. Yes.

• 34:57Tom Bilyeu?

  Yeah, that to me is a crazy man speaking. So this is all going to play out. Again, I'm not saying that their legislation will get passed and I'm not saying that they won't realize very quickly that they have to compromise. All of that is true. I want to be very clear because people are going to play these clips later wisely. This is how this game works. But I want to be very clear about what I'm saying. These guys will check themselves because they will realize there are certain things that they cannot get past. But what they push, the rhetoric that they try to build up among the populace, I have not seen any softening of Mamdani's language in terms of what he says to the public we ought to want and should be aiming at. Likewise, I am not expecting any softening of the rhetoric coming from El Said in terms of what he thinks we ought to be aiming at.

• 35:42Tom Bilyeu?

  Do I think that he'll be a politician? Yes, of course. Will there be things that he has to back off of? Yes, of course. And so he will give into good sense in terms of what he can actually get across the finish line. But in terms of what he wants to see happen, that I will watch very closely. So I'll be watching the rhetoric. I'll be watching what he's pushing for. I'll be watching for the energy that he's trying to drive forward. And given the things that he plays on fucking repeat, it is all DSA adjacent, directionally going in that direction for sure, for sure. Now, the thing I think you can expect, because people are already saying it, you had a guy, the tweet's gotten over a million views as of last check, was like,

• 36:25Tom Bilyeu?

  does he say arrest Elon? I think he does. I pulled, I think I pulled it.

• 36:30Speaker 02

  Arrest Elon, nationalize SpaceX.

• 36:31Tom Bilyeu?

  There we go. So here's, you're going to expect to see more of this. So this is from Matt Bender. I looked him up. He's got hundreds of thousands of followers. So this is not a random guy. It's now got 1.5 million views. And the tweet is simply, you click there, there we go. Arrest Elon Musk, seize his factories, nationalize SpaceX. You've got, and maybe now's the time to talk about it. You've got Scott Galloway literally saying, he infers, he does not, the words do not come out of his mouth, but he infers that Elon Musk should be executed. He is not like bashful about it. So let's play this clip and we'll talk about who the Rosenbergs actually are and what happened.

• 37:09Speaker 03

  We have begun believing through this ridiculous, unhealthy and dangerous idolatry of innovators that they get to live by an entirely different standard. Elon Musk is a traitor to the West. We lined up the Rosenbergs against a wall. This is a traitor to the West and he should be held to the same standards as every other traitor in the West.

• 37:32Tom Bilyeu?

  Okay, pause. So you said cut as if I bet they just cut something out where he moderates what he says. And then I would like to point out, he fucking reiterates the statement without a cut. The Rosenbergs were executed. They were executed. So he is saying Elon Musk is a traitor in the same way that the Rosenbergs were a traitor and he should be treated in the same way that we have treated them, which is to fucking execute them. That is the most unhinged, out of his mind shit. And this, I do expect this kind of energy to resurface and gain a lot more traction. Because when you hear the audience clapping like fucking seals for a guy saying that Elon Musk should be executed like traitors before him,

• 38:14Tom Bilyeu?

  that is, that is unhinged at a level that is hard to describe because Galloway is smart. Galloway is, he has a big heart, like those things are true. And yet he is so convinced that he is right. He is so convinced that the other side is evil that he likens them to traitors that were executed and says in no uncertain terms, he should be treated like other traitors in the past. That is, that is so crazy.

• 38:43Speaker 02

  So I have a question about that though, because we're letting Matt Bender, Scott Galloway be the focal points for this, I'm going to call it DSA energy as mouthpieces for the Democratic Party. And I think that we're letting a lot of commentators dictate how we're treating the people who implement the policy.

• 39:01Tom Bilyeu?

  I'll say it in a slightly different way. So you're teasing something out that's important. And if I get this wrong, by all means, jump back in.

• 39:08Tom Bilyeu?

  So there are going to be policies, very important. We'll look at those policies matter tremendously. And if things don't get across the line, that's a very important thing. Then we've got where is the cultural energy going? And I am being, I'm migrating back and forth between those two points quickly enough that I'm very grateful that you're slowing us down and saying, hey, these are two very separate things. I think that's a meaningful distinction to make. However, to deny that this is energy that culturally we are moving more and more towards and that the extreme reaction to Trump, not even saying it's unjustified, but the extreme reaction to Trump is likely to embolden this,

• 39:53Tom Bilyeu?

  which is what I'm saying. So we already have people who I would have formerly considered, I was thrilled to have Scott on the show. Was really grateful to get to spend time with him. I consider him to be a very bright person who thinks about a lot of issues that really matter. And he really does seem to have a very big heart. And so watching people then allow themselves to become deranged is pretty wild. And so from a, not, not a political perspective, I'm not saying that he is a mouthpiece for the DSA. I actually think the DSA would clap for this vehemently, but that's my opinion. We'll see. But the cultural energy is very real. And the fact that we have been moving left as a society, which you may not hold that belief,

• 40:38Tom Bilyeu?

  but I certainly do, that as, as a society, we've been moving farther and farther to the left. Or the left has been moving farther and farther and farther. And so

• 40:45Speaker 02

  Let's establish timeframes. Like we've been moving further and further left since we elected Trump and just had a red wave in 2024.

• 40:51Tom Bilyeu?

  No, well, so

• 40:52Speaker 02

  All the moderates and independents were swinging to the right because woke was too much. We're going too far. Now we need to bring it back in and Trump's gonna say

• 40:59Tom Bilyeu?

  I clocked the move to the left, starting roughly in the sixties and seventies.

• 41:02Speaker 02

  Got it.

• 41:03Tom Bilyeu?

  So that's when you get a sincere, long march through the institutions, which is not a phrase I'm making up. That is literally what, I forget the French guy's name that said, this is what we have to do to win the cultural battle. We need to begin the long march to the institutions. We need to take over education. They've certainly done that. We need to win at local political levels. They've done a lot of that. You look at a one party state like California. So for sure, from where I'm sitting, my read is that culturally we've moved farther and farther to the left. And we have completely lost track of what makes an economy work. I think that much of the energy in the left is either full DSA or the tempered people are let's mimic Europe, which is insane. It is literally insane.

• 41:49Tom Bilyeu?

  It would be like a race car driver saying, you know what we really need to do? We need to mimic the guy that's in last place and falling behind everybody at a terrifyingly fast clip. You'd be like, what? But that's exactly what we're doing economically. Europe is committing suicide economically. I don't even need you to get into like the, the immigration of it all. They are committing suicide economically. They do not understand the engine of prosperity. They've got completely delusional. They have no sense of how much you can give away for free without hurting yourself. And so they are driving themselves into the ground. They are in for a hard time. There's a reason that they've been on fire for almost six weeks now, that it's spreading, all of that.

• 42:30Tom Bilyeu?

  Their policies, which are based on their cultural move to the left are so lunatic. It is absolutely insane. Did you guys know there's a four day work week in France? And these guys are complaining that they're not getting paid enough. Kids, you work like 32 hours a week. No joke. That, that kind of shit is just crazy. They do not understand what makes an economy work and therefore they keep shooting themselves in the face. Therein lies the problem. So I look at all of this, and I've said many times, politics is downstream of culture. And I see the culture moving farther and farther to the left. You put those together and you have a trend that hopefully will be kept in check through the political system.

• 43:10Tom Bilyeu?

  That hopefully, like I was saying earlier, that we'll see enough of this energy swell on the left. And then people that are moderate will be like, all right, listen, we need to come back to the center. That's all I'm ever looking for. I'm not a one party state guy. I do not want the right to be, have total control. That would be a disaster. I don't want the left to have total control. That would be a disaster. So I look at the culture right now. I think it's going to swing left and I think that the left is unfortunately a little too convinced that they are right. And when they start calling for, it's not an incitement to violence. So let's be very careful about how we say this. But when you have somebody as traditionally thoughtful as Scott Galloway saying that we need to treat

• 43:55Tom Bilyeu?

  Musk like the Rosenbergs, who we executed as a reminder. That is a level of crazy that is very distressing. Now, if you're hearing that from a blue haired 21 year old who's never worked in the real world, that's very different than hearing it from a hyper successful entrepreneur and investor. That's crazy. That's where I'm like, yo, this is, this is gonna get weird.

• 44:18Speaker 02

  Yeah. There was a good exchange between Benny Johnson and Shermichael Singleton. People know Benny Johnson, conservative commentator. Shermichael Singleton, also conservative commentator. He does a TV route. Ben Johnson does the alternative media route. Ben Johnson had this tweet, in the 1970, the white population in Texas was 89%. In 2000, it was 50%. Now it's less than 39%. Demographics is destiny. For those that don't know, Texas turned blue. Shermichael retweeted it, nonsense dude. In 2024, Trump won 55% of Hispanics in Texas and 34% of black men. Was it conveniently demographic stint? We had every opportunity to deliver and did it. Instead, those voters got a costly war that raised gas prices and diesel, prolonged tariffs that increased the cost of goods and poorly executed immigration policy that turned people off. And that's putting it mildly.

• 45:03Speaker 02

  And it's the, and the, it's the demographics excuses should fall on deaf ears. Because if that were true, there's no way in hell we would have gotten the numbers we received in 2024. There was a generation opportunity to realign crucial voting blocks and Republicans screwed up. Instead of making excuses, the party needs to have a serious reality check about what is not, obviously not working and move forward so that way the focus can be on 2028 and 2032. I think that's why I'm pushing back on you so much now is because I don't want this postmortem to be, people wanted to be woke again, people wanted free shit again, people. There is something to, Republicans had cultural energy. Joe Rogan, Theo Von

• 45:35Tom Bilyeu?

  Pause really fast. So I have gone way out of my way in all of this to make sure people hear me saying this is a vote against the Republicans.

• 45:42Speaker 02

  Yeah.

• 45:42Tom Bilyeu?

  Not me saying that this is like a woke brigade or anything like that. So one, I agree with the second guy. What was his name?

• 45:51Speaker 02

  Shermichael Singleton.

• 45:51Tom Bilyeu?

  So I agree with Shermichael Singleton.

• 45:53Speaker 02

  Yeah.

• 45:54Tom Bilyeu?

  Yeah. So if you think that I'm saying something other than exactly what he just said, then you're not hearing me. Now, I will say on this, that the whole idea of demographics are destiny, that has become a phrase because it is true. Now, there are two different issues that need to be teased out. The reason that I don't lead with immigration and all my talks about this, I don't even lead with immigration. I want to talk about what's happening in fucking France. Is I think people are, immigration's real. You cannot just say that, oh, demographics don't matter. That would be fucking retarded. So demographics matter a lot, but this election is exactly what he's talking about.

• 46:34Tom Bilyeu?

  In terms of, we had an opportunity to reorient people, to realign something that was actually going to make life for the middle class better. And the Republicans fumbled that ball in like historic fashion. Now, I will say he's, if I were going to write the same response, you've got to do the, all right, listen, to give the devil its due, yes, unchecked immigration is a problem. This is not something that you can ignore. There are going to be changes in all of that. But at, meaning this will have an impact on culture. Now, having said all of that, when you look at it, if you try to peg this by race, you are going to get perpetually confused, which is why I say that phrase all the fucking time. This is a values question. This is not about race.

• 47:19Tom Bilyeu?

  And so what you're seeing here is at a values level that you can appeal to Hispanics. And it isn't about the fact that they're white or not white. It is about what are the fucking values? And so the core mistake that Benny is making is to conflate skin color with values. And so that's why when you look at France and you're like, I, when people want to tell the story that this is a fucking immigrant problem. And then they're like, wait, these, some of these people are second and third generation, people that grew up in France. They didn't even have parents that grew up somewhere else. Their parents grew up in France. They fucking grew up in France. They have the French's accent in all fucking time. And then you look around, you're like, god damn, there's a lot of white people that are probably ethnically French. So how do I explain this?

• 48:05Tom Bilyeu?

  It's very fucking easy. This is a values question. And when you have people turn against the West, you've got a problem. You have people turning against America, for sure. The fact that it doesn't break along racial lines should surprise exactly nobody. So the question is, if you let a bunch of white as fucking snow people that hate America into America, you're gonna have a fucking problem. And so the fact that people keep trying to map this to race is so dumb. It's boring, because I have to keep fucking repeating myself. It's so detached from real life that I'm just like, Jesus Christ, how do these people walk around in life and actually get something done? Because they are so mismapping the fundamental truth.

• 48:46Tom Bilyeu?

  But if you can't get people to understand, when you have unchecked immigration, the odds that you're letting people in your country that do not care about your country skyrocket. And if you're not very careful about who you let into your country, you're going to have a values collision because you did not select on values. Now, that it will also likely map, in some cases, depending on the countries, because of how evolution works, some of those people are gonna have different amounts of melanin in their skin. And then fucking chimps react to that, and they fucking spaz out as if that's the issue. You could bring in nothing but Hispanics. You could bring in nothing but Muslims.

• 49:26Tom Bilyeu?

  And if you map to who are people that are pro-America, pro-freedom, pro-economy, all of that, you would be just fine. So this is where to pretend as if demographics don't matter, and I'm not just talking strictly ethnicity, because ethnicity is merely trying to get at a high-level proxy for values. Or the real thing with demographics is often age. That's really where demographics kick in. So again, demographics matter, but they don't matter for skin color. Jesus Christ. So anyway, I know you're not saying I'm saying that.

• 50:02Speaker 02

  Yeah, yeah.

• 50:03Tom Bilyeu?

  To be abundantly clear.

• 50:04Speaker 02

  That's not my assumption.

• 50:05Tom Bilyeu?

  No, no, no, I'm not. That is me reacting to Benny and where all of this is going to go. Because people are going to keep having this debate as if either demographics don't matter, or the demographics actually are a skin color thing. They're not. Skin color is a proxy for, let me guess at what your value system is going to be. Because you probably grew up somewhere else, or whatever. You have allegiances to somewhere else, which is gonna be what you're gonna hear about French people. Or Somalians in Minnesota, whatever. Like, it is a values question. This is why you don't hear me ever whinging about the fact that El Said is Muslim. Great.

• 50:48Tom Bilyeu?

  And, like, my beef with him is that his policies, despite what you say, they are fucking DSA. All day, every day, up, down, left, right, BA select start. This kid is so far left.

• 51:01Speaker 02

  He's not about reparations.

• 51:02Tom Bilyeu?

  We'll see.

• 51:02Speaker 02

  Medicare for all is the only one. Is Medicare for all the thing? Is that, is that your, is that the DSA policy?

• 51:07Tom Bilyeu?

  Will Medicare for all break the economy? Yes, it will. So does he be immediately become an enemy? Yes, for sure.

• 51:13Speaker 02

  That's different than DSA, though. So are you saying people who say Medicare for all are DSA?

• 51:17Tom Bilyeu?

  Uh, I am saying that Medicare for all is a DSA directional policy.

• 51:23Speaker 02

  That was started in Bernie Sanders before we even knew what the term DSA was.

• 51:27Tom Bilyeu?

  DSA, great. Same thing.

• 51:29Speaker 02

  Okay, okay.

• 51:30Tom Bilyeu?

  Now, look, if I were gonna be nuanced, of course, the DSA is more radical.

• 51:34Speaker 02

  That's an older policy, yeah.

• 51:35Tom Bilyeu?

  So what, I wanna be clear. This is direction of travel, Drew. It is direction of travel. And if you, if it feels like you keep ignoring, when I say direction of travel is the thing that worries me, that will be crazy-making on my side of the table. I need to know, you understand, when I talk about somebody like, those are DSA-like policies, it's DSA-adjacent, it's directionally that way. I don't need that person to even want to be a member. Like, if I could put El Said in an FMRI scanner, and I saw legitimately, he doesn't want to be a part of the DSA, that changes nothing for me. Because I hear the words "he says", and I'm like, these are all damaging to the underlying thing that gives us prosperity. It is a problem. It is a direction of travel that is deeply worrying.

• 52:20Tom Bilyeu?

  I think that he has anti-American sentiments. I think that he does believe in American first sin, stolen land, fucking uniquely racist. I think in his heart of hearts, we're gonna see that come out in his rhetoric, which we've already heard in the past. And so that's where I'm like, boys and girls, that cultural frame of reference is extraordinarily toxic to America. And we've got to encourage it out of people. We've got to tell better stories. We've got to show people that this is not the way to look at it. There's an incredible book, I'm in the middle of reading it right now, so the punchline, I suppose, could all fall apart. But the book is called Not Stolen. And it is about how Americans treated Native Americans, or how Europeans, more truthfully, treated Native Americans when they came here.

• 53:05Tom Bilyeu?

  It is a far more complicated story than we were told. And we're given this just like, oh, we're radically evil. Or take the slave trade. The, the fact that the Brits were the first people to end the slave trade, and yet, we're expected to believe that Europeans are uniquely like these evil slave masters, is fucking ahistorical. It is so wild. We've got to start telling stories that are like, yeah, humans are fucking complicated. And guess why you should be paranoid about anybody having too much power? Humans go off the rails. But if you look at the self-correcting mechanisms, how we have created more prosperity than any country ever in all of human history, on and on and on, there is a far more interesting story, a far more optimistic, expansive story to be told

• 53:50Tom Bilyeu?

  that will give people a better image of what America is, was, and can be. Instead of this, what, 1619 Project, and America's uniquely evil, the West is uniquely evil, that we've got to fight against whiteness. You have what's-her-face, Ilhan Omar, saying we need to be more afraid of white men. It's like, get the fuck out of here. So all of that stuff is full retard.

• 54:10Speaker 02

  Are we still doing, that's like a 2020 talking point. That's woke 1.0. I don't wanna put AOC.

• 54:15Tom Bilyeu?

  As long as that energy is being spouted off, yes, we are putting that energy out.

• 54:19Speaker 02

  I, I think, right now, we're missing the point.

• 54:22Tom Bilyeu?

  Okay, so hold on. Are you saying, Drew, is this breaking news, racism's dead?

• 54:26Speaker 02

  Racism? No, of course not.

• 54:27Tom Bilyeu?

  Okay. Then I'm saying, let's try to kill it. Let's really be chill, and let's recognize, this is a values question. And when you say retarded shit, like, we need to be more afraid of white people, this is not the way.

• 54:41Speaker 02

  Okay. Uh, I wanna bring this back.

• 54:43Tom Bilyeu?

  No, no, no.

• 54:44Speaker 02

  No, no, no, I'm rejecting that. I'm rejecting that. I'm pulling that out. We're not, that's a, that's a unnecessary fractal that solves nothing that we need to talk about. It's, we, we need to get back to election coverage, we need to get back to what we're.

• 54:55Tom Bilyeu?

  Before we do that, I wanna understand what you think is happening culturally. Why, why do you think I'm bringing it up?

• 55:03Speaker 02

  Because what I think happening is right now, is the same thing that is the reason that the Republicans had, are the result of the blue wave right now. And I think that right now, we need to have an honest look at where America is. We need to stop looking at tweets. We need to stop looking at what have people said at a rally when everybody's all trumped up. I never hold Trump to the same standard that like, he's, he's a mean to retarded people because he, he mocked that journalist. That's not the point that I'm mad at Trump. I'm mad at Trump because of the Iran War. So I think in the same regard, we're looking at something that one person on the left said, not even the policy that they did, not the policy that they tried to push. Something that they twed or tweeted, just let me finish this. That is what we need to figure out, and that's the cultural energy versus what's actually happening on the ground. And I think Republicans need to do two things.

• 55:47Speaker 02

  One, they need to decide if they're gonna be MAGA full-on, or if the conservative Republicans, the legacy GOP is gonna just spin off and make their own party. Because right now, MAGA's not sustainable. It's not. J.D. Vance, Rubio, if they run as MAGA, they're going to lose. They need to figure that out. Secondly, what needs to actually change that can help America? You, you're the Mr. Economy, we need to balance the budget. Nobody has balanced the budget. So that can be the first thing they start. Let's talk about more economics. Let's talk about more about the, the debt. Let's talk about more things that are actually helping people move forward. But I think if we keep saying the culture war is what's bringing this energy here, and this culture war is doing this over here, we're no longer talking about what actually is causing day-to-day people to flip. Iowa farmers turned blue. Iowa is the whitest place in America. So it's not about Ilhan Omar talking about white men.

• 56:31Speaker 02

  It's not about woke 2.0, it's not about the Muslims. It's about that Trump has made farmer prices 3X, 4X what they were three years ago.

• 56:37Tom Bilyeu?

  So my question was, why do you think I brought this up?

• 56:40Speaker 02

  Why do I think you brought the cultural energy up? Because you think that, I'm projecting onto you. You think that there are a few bad actors in politics that are gonna take the energy that is happening culturally, they're gonna use that to hijack a party. And once they hijack the party, they're gonna instruct policies that are gonna run off a cliff.

• 56:55Tom Bilyeu?

  That's very clear and completely wrong.

• 56:58Speaker 02

  Okay.

• 56:58Tom Bilyeu?

  What I'm saying is, politics are downstream of culture. We have a cultural problem. I brought up the 1619 Project because a lot of people on the left, our beloved Ryan, I think, would agree with this, who, by the way, is almost certainly was out partying too late last night, and, and he said he slept through his alarm. Uh, so I have a feeling that Ryan would agree with the sentiment that America is founded on racism, that there is unique evil to the way that the West has approached things. That is why you have politicians that think it's a good political move to say we need to fear white men more. So what I'm talking about is not that I think that this is about race.

• 57:41Tom Bilyeu?

  I've said a gazillion fucking times that this isn't about race, this is about values. What I'm trying to get across is, the value system is so antithetical to how an economy actually functions. If we don't get people to understand that America has built something completely unique, it's given us more freedom and more prosperity than any country ever in the history of the world. And if we cannot come to a shared understanding of why that is, then we will keep making mistakes. And I just see us making policy mistake after policy mistake. But those policy mistakes are all downstream of a national story,

• 58:24Tom Bilyeu?

  and an international story about the West, about who we are, what we've done, what we're doing, what this is, and it's very deranged. And I'm saying, what I see is, that energy is gonna grow. There's two stories. There's the rebuke of Trump and the Republicans, which is where we opened, very important. That was always meant to be the meat and potatoes of what we're talking about here. Then there's the secondary story, which I only brought up after like 35, 40 minutes of talking about the down-the-middle race and what happened, where I'm saying, hey, now let's talk about Scott Galloway and what he's popping off with. And that's a very real thing. And then I think that's where I get frustrated with you, where.

• 59:09Tom Bilyeu?

  I feel, just emotion, I feel like sometimes you think I'm trying to have a race conversation, and you don't want to get sucked into that because we both agree that's not the real conversation. But if we can't ever come to understand for, since the sixties and seventies, the long march to the institution has indoctrinated Americans writ large with an anti-America sense of itself. That will destroy this country. And so that's where I'm like, hey, we've got to start changing that narrative. We've got to, at a cultural level, get people excited about not just what America can be, because you can get people on either side of the political aisle to imagine the America that they want, be excited about that.

• 59:54Tom Bilyeu?

  What we have to get is people excited about the founding story. We need an, we need an original myth, a founding myth, that people can believe in, that they can understand, that we can teach over and over and over about the things that have made us great, and we have been great.

• 1:00:11Tom Bilyeu?

  That's an important puzzle to solve. And if we don't solve that, politics will just keep going more insane.

• 1:00:18Speaker 02

  Okay.

• 1:00:20Speaker 02

  Where would you like to go next? Anything else with elections? You want to hit these super chats?

• 1:00:24Tom Bilyeu?

  Um, if we have something more on the elections, if you've seen anything in chat, otherwise I'm happy to go to super chats.

• 1:00:29Speaker 02

  All right, so let's go to John Doe. He says, "You show me the man, I'll find you the crime. Musk is a top target for the blue team, so what message does he send to other businesses when they charge him, convict him, and nationalize his business, businesses?"

• 1:00:43Tom Bilyeu?

  Yeah, if that happens, and I think that we're a long way from that, but if that were to happen, that, that would be the end of America as we know it. So, uh, again, I don't think it's gonna happen.

• 1:00:56Tom Bilyeu?

  I will definitely be talking to try to get people excited about a totally different vision of the economy and how it can work, uh, without downplaying money in politics, without downplaying the, um, tremendous and unsustainable wealth disparity. We need to solve those problems, but because mechanistically, I know what actually has to happen to solve those problems, I'm gonna keep coming back to what is true. And the energy of more free shit, we need to take better care of people. Uh, all of that will destroy you fast because mechanistically, that's exactly how you destroy the middle class. It's the, the great irony is the trap that is set for all of us is that the people that understand the economy best,

• 1:01:41Tom Bilyeu?

  the bankers, central bankers, it's not the politicians, but they're the ones that vote for it. Uh, they are at the stage of a country and empire's development where they have learned a very disastrous reality, which is that people can vote for gimmies. They can vote for free gifts. And unfortunately, once people become aware of that and discipline goes out the window, they vote for more free stuff, and that is the very thing that destroys the middle class via inflation. So the very thing that's getting all of the excitement, which you see in the tweets about,

• 1:02:23Tom Bilyeu?

  and you see in the things that El Said repeats on a loop, they think affordability happens by the government, forcing prices lower, the government giving more handouts, and that's the thing that makes things more expensive. And so that is just like the terrifying thing that I'm really trying to find a way to say, in a way where people feel heard, they feel seen, that nobody is just trying to pretend that they're not struggling. But if you see somebody in the ICU and they're saying, "Hey, listen, this ventilator really sucks. I don't like the way that it feels," and you're like, "Hey, I get it," and then they start yanking the tube out of their mouth, and you're like, "Uh-oh, this person's now going to die." Uh, that's how I feel when I look at people who are assessing that there's a real problem.

• 1:03:09Tom Bilyeu?

  Their, their throat really does hurt, but yanking the tube out that's helping them breathe is not the answer. And so trying to find a way to navigate that is proving to be very difficult when you zoom out. Forget me, you zoom out and think about how do we tell America that story? How do we tell the West that story? Um, and yeah, if we fail to tell that story, then you get Elon Musk being arrested, his business being nationalized, and, uh, us moving in a direction that's so bad, so rapidly, uh, that people will be shocked at just how bad things can get.

• 1:03:45Speaker 02

  Um, John Doe, uh, Donald Trump has, uh, stock, um, has nationalized 40 companies since he's been in office. America now owns 40 privately owned companies for the first time in history.

• 1:03:55Tom Bilyeu?

  Uh, we have to be very careful. He did not nationalize them. He has done something very stupid.

• 1:03:59Speaker 02

  He owns them. That's the pathway to nationalize them.

• 1:04:01Tom Bilyeu?

  America owns them, yes. It, well, no, so there's a big discrepancy between owning stock in a company, especially if you're not voting, uh, owning non-voting stock in a company and nationalizing it. Nationalizing it means you do what I say. That's very, very difficult.

• 1:04:17Speaker 02

  Seizing a controlling interest.

• 1:04:18Tom Bilyeu?

  If they were to seize a controlling interest, then that's game over. They're not gonna do it via stock, but they're going to do it via control. That's where you run into the death of a company. It's interesting. That doesn't resonate with you.

• 1:04:30Speaker 02

  What?

• 1:04:31Tom Bilyeu?

  I don't understand that. So to you, there's, is there a difference between?

• 1:04:35Speaker 02

  Hold on, no, you just made an assumption that something didn't resonate with me.

• 1:04:37Tom Bilyeu?

  Yeah, so I'm gonna, I'm gonna ask now as a question to find out if I'm right. Um, is there to you a massive difference between the government owning shares in a company, which is terrible, but is there a difference between owning shares in a company and nationalizing it?

• 1:04:52Speaker 02

  Yes, I think that's a slippery slope that leads to it, just like we have Medicare, but not Medicare for all. So, you know, uh, we, uh, 40% of people can get free healthcare, the other 60 gotta figure it out.

• 1:05:01Tom Bilyeu?

  And do you think?

• 1:05:02Speaker 02

  And then 40% own the company, but the other 60, y'all own it. You see how it's like a scale thing?

• 1:05:06Tom Bilyeu?

  I, I, no. So I think you have a fundamental misunderstanding of how companies are run, and that's leading you to think that owning shares is going to give them control.

• 1:05:14Speaker 02

  No, no, no. If you own a controlling interest, like 51%, then you can control, you can dictate the turn. But that will then be, that's how I'm defining nationalizing in our current economy with, uh, corporations that are on a publicly traded stock market.

• 1:05:27Tom Bilyeu?

  Yes, and if they took control, therein lies the problem, but it's the control that's the bigger problem. Not that owning the shares isn't a problem. It is. They will influence it. They'll send it.

• 1:05:34Speaker 02

  Controlling interest, I'm with you.

• 1:05:35Tom Bilyeu?

  They'll give it, yada, yada, yada, but yeah.

• 1:05:38Speaker 02

  Okay. Next super, we have Big Digglers. $20 to say, "I got, I got it wrong regarding the midterm elections. So, short of some tall, tail risk issues, I know of none. Quite a rebuke to one who aims to be right. Tom, be sure to grab that thing off the last page of what I said. $100, debt-free dollars."

• 1:06:00Tom Bilyeu?

  Uh, thank you, sir. I think it is still taped to the page. Uh, yeah, but that's very sweet. Um, well, I love a man that is not afraid to admit when he's wrong. I don't think people should be oriented towards whether they're right or wrong. I think they should only be saying, "Okay, cool. I was not able to accurately predict the future," which virtually nobody can consistently. Uh, so what is it that I need to update in my mental model in order to be able to get more things a little bit righter, uh, is, I think, the wise way to live? So at least you're not getting in your own way. That is fantastic.

• 1:06:31Speaker 02

  Marushia Dark, we got two from you. Thank you for the 40 total. Uh, one of two. "The problem with accelerationism is that, is that hell has infinite basements. USSR, NK, Argentina, many such cases of getting into a death spiral with no easy way out. Mark my words, Iran and the economy will now get worse." Two of two. "Enjoy your blue wave. Affordability is not coming. Sense is going bye-bye. May everyone get exactly what they voted for and get it good and hard. Strap in, remember our prediction, alt-right backlash in 10 years. TikTok."

• 1:07:01Tom Bilyeu?

  Yeah. Yeah, unfortunately, I think that maps. I don't share the, maybe the vitriol. Marushia, you'll forgive me. I don't want people to get what they voted for good and hard. I really want people, because I think that they really are doing their best. I think while there are certainly people that are malicious, that isn't the, anywhere near a majority of people. Take Scott Galloway. I'm telling you, his kids are right to love him. Uh, his friends are right to love him. I really think he wants good things. And the problem is he's just allowed a belief to come in that is destructive. And this is why people need to understand, when we say that men tend towards tyranny or governments tend towards tyranny, they do it all the while thinking that they're right.

• 1:07:45Tom Bilyeu?

  That's the problem. They all think they're the good guy. Uh, Scott slept like a baby after saying what is completely unhinged and absolutely detrimental to this country. Uh, and he felt good saying it. That's where humans are dangerous. This is the thing that I've, um, always found interesting about people. I don't think people distrust themselves enough. Um, I, part of the reason I don't want to be a politician is I don't trust myself to get it right. Part of the reason that I'm always like telling people, "Hey, you need to form your own opinion about where the stock market is going and how you should be investing." I don't trust myself to be right with my own fucking money. I am constantly paranoid that I'm making some huge mistake and that I need to adjust. And because of that, I don't want to be a politician

• 1:08:29Tom Bilyeu?

  because I don't want to drive us into the ground. I'm trying to figure out, uh, what I'm wrong about. I know I'm wrong about something, a lot of things, and my entire life is about correcting as many of those blind spots as humanly possible. So I don't want people who are caught in that,

• 1:08:47Tom Bilyeu?

  for whatever reason, nature has made us blind to our own foibles, which is a great tragedy of the human condition. So will people need to get knocked around before they change course? Yes, that is an unfortunate reality. And so from that place, I hope that they get corrections early and they respond so that we can get back to a thriving economy. Um, but I don't want people to suffer any more than they need to. But I do think that your map of where things go and the, um, alt-right backlash, if the left goes too far, you will get an alt-right backlash, just as the right fumbling is getting you a left backlash now. And so it just becomes a question of how wild do the swings get?

• 1:09:31Tom Bilyeu?

  And because this is a populist moment, I expect them to get pretty wild.

• 1:09:35Speaker 02

  All right, we got Brutus Lugo. The cultural energy and policies on the right have worse implications than the left. Racism, Islamophobia, women's rights decline, threats to welfare, unregulated AI, new wars, etc.

• 1:09:48Tom Bilyeu?

  Yeah, so this is a really interesting thing, and this is why Brutus, I'm, so for anybody that doesn't know Brutus, Brutus is one of my biggest challengers. I'm not sure what the right word. I like to believe that Brutus has very good intentions, but almost eternally disagrees with me. And the reason I'm grateful Brutus to have you in the community and to anybody else who thinks I'm crazy and in good faith, tries to put forward better arguments, is that ultimately, we do need those checks. So I'm far more, like, all capital letters, just like Brutus, all capital letters. I'm way more worried about the left than I am the right. They're both a mess. They're both pathological.

• 1:10:30Tom Bilyeu?

  But I'm far more worried about the pathology on the left. Brutus does a cosmic balancing act by being far more worried about the things on the right. I think that is good. If we only had people worried about the left, we'd be in trouble. So you need people that are trying to check each side. And it is, I really believe, evolution gave us left-leaning personalities and right-leaning personalities so that we would hold each other in balance. I think that is how we're able to cooperate in very large groups is, neither side is allowed to go truly pathological because they get checked, at least in the kind of system that we have. Obviously, once you get a dictator, then the game is over.

• 1:11:10Speaker 02

  Cool. All right, we need to talk about the markets because they have been whipsawed on the backs of this election news and voting news and things like that.

• 1:11:19Tom Bilyeu?

  Yeah, the market moves in reaction to the election, they're insane. Overnight, as the Democratic sweep came into focus, the NASDAQ 100 futures fell as much as 2.4%. The S&P 500 futures dropped 1.4%. And this landed on a market that was already in trouble. We've been talking about now for the last couple of weeks that we're seeing the slow deflation of the AI bubble. And so it has not been a good time in the markets. The NASDAQ 100 entered correction territory on November 2nd, roughly 9% off of its record. The S&P and Dow were both more than 5% below their peaks before voting even started getting counted.

• 1:12:04Tom Bilyeu?

  But then it reversed. Trump told the New York Times he was absolutely willing to accept the results and acknowledged that the Iran war hurt the Republicans. And I think people breathed a sigh of relief that this wasn't going to be some like crazy contested election. And as that risk evaporated, buyers started coming back. I also think they started coming back because they realized that there was likely to be gridlock. There wasn't likely to be some like insane change in spending, some massive amount of inflation that pours in. And because of that, while that early like, oh god, what's this going to be? Corrected back into, okay, wait a second, when you really look at the mechanism of how these things would change,

• 1:12:47Tom Bilyeu?

  you're going to be in a position where Trump can veto a lot of the policies that will be put forward, like Medicaid for all. That kind of stuff will be slowed down at least for a couple of years. So right now, you've got people responding in a far more reasonable and measured way. Now, I think a lot of people are looking at some of the moves that happened in the gold and silver market. And I think at first, the read on all of that was like, oh my god, this is panic. People are like, holy shit, like, I want to bury my wealth in the backyard. That's basically what a metals play is. But in reality, what you're seeing is the dollar is getting weaker. So mechanistically, the price of gold and precious metals are likely to rise.

• 1:13:32Tom Bilyeu?

  The real thing people need to be looking at is what happened in the treasuries market. And there, the treasuries market responded in a pretty reasonable way. That people that feel that there's too much risk in the stock market, they've gone now out over into the treasuries market. So treasury yields actually fell, meaning that more people were willing to come in. And so the price to actually buy one was going down. So, uh, great news there. The system continues to work as expected. And so there's not like major drama there. Where we need to have an understanding of where all of this is going to go is as you start to aperture out,

• 1:14:14Tom Bilyeu?

  you've now got two things that are going to be playing out over the next couple of years. Will there be enough pressure coming from the newly elected Democrats against AI that it becomes a further headwind against what's going on there? That does create the bubble to begin deflating too fast for the economy, basically, to metabolize it in a sensible way. And that causes a debt crisis, and then that debt crisis begins to reveal just how deeply it is through the entire market. That's going to be some of the bigger question marks. So looking at this as like people are panicking would be a mistake. Looking at this as, oh, everybody's embracing the Democrats and they think they're moving in the right direction. That would also be a mistake.

• 1:14:58Tom Bilyeu?

  This is people saying, okay, we likely have gridlock. We're going to be able to see this play out more slowly, but it's an unknown in terms of what this is going to mean to AI. And there have been no alleviation of any of the risk of what's happening in AI right now. So that remains a place that people need to be very cognizant of the potential risks. And when you hear what's going on with, um, uh, the recent Goldman Sachs edict within their own company, that basically they're pulling way back on what's happening in terms of the usage of AI within their company. And so if that ends up being something that's far more universal, and we see a lot of companies do this,

• 1:15:41Tom Bilyeu?

  where it's not a rejection of AI, but it's a right sizing of the expectations of what AI is able to deliver right now. I think that is a, if that becomes universal, that could be another headwind against the AI trade. And so that puts us back in the territory that I've been talking about now for months, which is you historically get what I call the trough of despair, where you've got way too much debt has been brought on. You're going to see a bunch of those guys consolidate or just go bankrupt before what they call the investment generation of people are able to take advantage of all of the data centers that are being built out, whether here on earth or up in space, whatever.

• 1:16:21Tom Bilyeu?

  But there is going to be a lot of consolidation, a lot of companies failing, a lot of debt going bad. That is likely to happen, given how things have played out historically. It would just be very strange if that doesn't end up happening. And given that the signs right now are like, yeah, this is real, but it's more narrow than we were expecting. It's not like you just drop AI into the center of a company and all problems go away. It's just not playing out like that. Some roles are not making enough gains by using AI to justify the costs. So companies are narrowing down who uses it. Also, there is fears of AI atrophy, that you're using AI and it's so good at the things that it's good at, namely coding,

• 1:17:05Tom Bilyeu?

  that people actually stop being good at code. And so they're looking at code that works, they can tell you whether it's functioning or not. But the reality is they're no longer a good enough programmer to understand what the AI is doing. And so that puts us in a risk where even without AI becoming sentient, running off like Skynet, that we just don't understand how it's built the code. And so being able to go in and fix it off of our own back becomes more and more difficult. So you put all that together into an economic picture, and there are certainly a lot of question marks about how this is going to play out. So the good news is people are basically voting with their dollars that this is going to be a slow roll.

• 1:17:45Tom Bilyeu?

  There will be time to react. Nobody's expecting the flip in the House and the Senate to, you know, cause the economy to crash in any sort of near term, which is great. But the AI trade remains the biggest trade in the world right now. And so what happens there is going to influence everything.

• 1:18:06Speaker 02

  There's been a lot of ramifications throughout the market. I just had the Bitcoin price up. That's up 5%. So it seems like the store of wealth, uh, crew and things like that are happening. Um, historically, I was listening to, um, Earn Your Leisure. They have like a stock show. They were talking about historically after midterm election, the next 12 months, the stock market is always up between 14 and 17%. So it is one of those things where it might just be temporary ramifications, temporary speed bumps, but most likely it's directionally always going up after a midterm.

• 1:18:38Tom Bilyeu?

  Yeah, the question is gonna be AI. So have we corrected enough already that we can, um, be up in the long run in a year? Maybe. Uh, is there another breakthrough that where people go, oh my God, like I've got to get back on the speedy train. And yeah, we're willing to pay for the privilege. Maybe. Um, all of those things are possible, but AI is a big enough wild card that I won't say that the sort of default answer is a guaranteed answer. But, uh, if you're betting on history, then the bet is that, yeah, we are likely to be up. Um, partly because you get like a rebalancing of, um, the tension in politics.

• 1:19:17Tom Bilyeu?

  And so if we get that and we see spending stopped and we don't see any big swings to the left, I could certainly say, sorry, better way to say it because the, the left is not the only guilty party here. If we see a freezing in spending, meaning nobody's able to spend more, uh, then I think you're likely to see, um, that be rewarded by the markets. Certainly it will keep treasuries more likely to be stable.

• 1:19:47Speaker 02

  And one thing about these elections, we do have to talk about the amplification, the implications on data centers, things like that, especially in Texas, there was a big rollout with there with Greg Abbott losing seat in, um, the Senate flipping blue.

• 1:19:57Tom Bilyeu?

  I'm at the headline level there, but one thing that I came across that I thought was interesting is that, um, yes, the Republicans were soundly rejected, but that there wasn't, um, from a ballot initiative perspective, there wasn't the rejection of AI specifically that people were expecting. Um, and we're going to talk about in LA, the fact that the, um, wealth tax didn't succeed. Um, I think people are probably misreading the signal there. If, if anybody breathed a sigh of relief, um, I've got a take on this that, um, don't, no exhaling for you. Uh, but we'll talk more about that in a little while. But so yeah, I'll be interested to see just how much people are rejecting AI. I was a little

• 1:20:38Tom Bilyeu?

  surprised to hear that some of the ballot initiatives, um, were, that would have been far more anti-AI had they passed, didn't pass.

• 1:20:46Speaker 02

  Yeah. Um, cool. Uh, I, I wanna kinda like take a step back because I know we talked about election, we talked about the market. Overall, just quick yes or no, like I know we, we went through the specifics beat by beat, but just overall, are you more optimistic? Like going forward, do you have like pause, kind of like the market did kind of a pump fake? So just your personal sentiment, do you feel like, okay, this was necessary to push us ultimately forward? Do you think that this is gonna be like a referendum?

• 1:21:15Tom Bilyeu?

  I'm pretty neutral on it, to be honest. So I wouldn't, I'm not more or less optimistic. I have concerns, obviously about the energy going left. I don't think I've, uh, pulled my punches on that. Uh, but at the same time, I, this had to happen. So when you look at a president making a whole lot of promises and then not delivering on them, you are going to get backlash. So that doesn't surprise me at all. I definitely don't think, um, that, you know, across the country, rewarding the Republican Party would have been the right answer. Um, so yeah, the, this, in that sense, I had metabolized that this was going to

• 1:21:55Tom Bilyeu?

  happen a while ago. And the thing I'm left with is our slide towards being more European is the thing that scares me. That's where I'm like, man, they're, they're playing it out 10 years in our future. It's not an optimistic future. So what are we doing? So you can continue to expect me to rail against that without thinking that they're, you know, that a bad thing just happened. I don't map it like that.

• 1:22:22Speaker 02

  Um, cool. All right. We need to jump across the sea to Iran. Some people say the reason that the blue wave happened, uh, the military attacked Iran's Qassem Island, um, end of, uh, late evening Tuesday or Monday night. Um, and there's been some blowback and stuff like that. So catch us up, Tom. What's going on there?

• 1:22:40Tom Bilyeu?

  All right, here we go. Just when you thought that we were going to be able to sail off into the sunset, the midterms happened. And now the war in Iran is threatening to explode all over again as new US strikes prompt a wild reaction from Iran. Late on November 2nd, before the polls even opened, American aircraft hit Keshem Island in the Strait of Hormuz. Now, when I first heard that, I was like, why would Trump not wait until after the polls close? Well, that's where all of this gets pretty interesting because of how things actually played out. Iranian state media reported several explosions in the early hours of November 3rd, their time. Three US officials told CNN that the

• 1:23:21Tom Bilyeu?

  strikes were limited and the important part, that they were defensive. That would at least explain why this didn't wait until the midterm elections. Now the question is, was this done on purpose by Iran to try to make that last minute statement while people were going to the polls? And I saw somebody, uh, post that, um, congratulations to Iran for doing a regime change in the US, uh, which I thought was maybe not a hundred percent accurate, but certainly a clever spin on something that is distressingly accurate, which is Trump really shot himself in the foot with the Iran war. Now, uh, according to a senior official speaking to CBS, Iran had fired at a US aircraft and the Revolutionary

• 1:24:06Tom Bilyeu?

  Guard claims that it shot down two American reconnaissance drones over the island that same night. Now later, Iran fired a missile from Keshem Island that threatened shipping in the Strait of Hormuz. And that supposedly is what caused them to retaliate. So this wasn't Trump trying to do, uh, you know, like, hey, I said I was gonna kick this war back off and I'm gonna do it right now. It was the US retaliating, seeing that they're being fired on from a specific missile installation and then hitting that installation. It is very useful to understand how critical Keshem Island really is in terms of all the oil and all of that, because having an attack on that island is, um, going to have political

• 1:24:50Tom Bilyeu?

  ramifications and is part of why Iran is having the reaction that they're having. But Keshem Island sits at the northern mouth of Hormuz and it's the platform that Iran uses to track and control tanker traffic through that choke point. A choke point, as a reminder, that carries roughly 20% of the world's oil. Now, a lot of it goes to China. So maybe mixed feelings there, but nonetheless, a lot of oil travels through there. On October 8th, Trump had posted that the US would not attack Iran before the midterms, which is why this is all really weird. And when I didn't know that this was defensive and he's calling this, look, this is just a, a minor thing. So we'll see, uh, if it would have

• 1:25:32Tom Bilyeu?

  stayed minor, had Iran not given the reaction, uh, that it did, but we'll get to that. So the Wall Street Journal is reporting this is one of several small strikes in recent weeks that the administration has basically been keeping out of the headlines on purpose, trying to avoid signaling a return to major combat. But to be honest, Trump has been saying that he's likely to do that, though he has given some signals that he would prefer having a negotiated settlement. But, um, I think really the oxygen was just sucked out of the room with the midterms far more than they were doing an amazing job of keeping it out of the headlines. I think people were just on to other things and he'd already made it clear that after the midterms, he was likely to strike, that people had just priced that in. But now the big decision is on the table. What is Trump gonna do?

• 1:26:16Tom Bilyeu?

  And Trump told Fox that the US, quote, "might have to go after Pickaxe Mountain," which is the buried site near, uh, Natanz, where Israeli intelligence believes Iran moved its enriched uranium in advanced centrifuges. Um, Netanyahu has pressed Trump on a call, we covered that on Monday. He really wants them to strike right after the election. So we'll see if he does. But Tehran's answer, now that's the thing that gets interesting. They said that, um, to the latest American proposal for peace, they said it wasn't convincing. Its deputy foreign minister says Iran keeps the right to self-defense until the attacks stop for good. And they've said that they're going to be retaliating based on these strikes

• 1:26:58Tom Bilyeu?

  on Keshem Island. Um, some people are saying that they're just advocating a return to the war, that they're gonna be pummeling the, um, GCC nations, that they're going to have a big response to what just happened. We'll see whether that actually comes to fruition or not. Um, but if they use this as their opportunity to go back on the offensive and strike the allies in the region, obviously that is going to escalate things quickly as the US at that point will have no option, in their mind certainly, but to retaliate and to be aggressive. And so forcing that hand. So yeah, we'll see. I think right now the US isn't going to escalate unless Iran does something, but Iran is saying that they

• 1:27:41Tom Bilyeu?

  are going to do something. So we'll see what comes of it all. But a lot of people in the Middle East holding their breath right now to see what comes of this.

• 1:27:48Speaker 02

  And it's just getting more and more spicy because it's not just the war we have to worry about. There's some other things around the war. I know Tucker was throwing out nuclear. We got some even worse thing coming from the Iran side that it might even be some chemical stuff in there too.

• 1:28:01Tom Bilyeu?

  Yeah, so well, first of all, let's be very clear. This is from Israeli intelligence. They have a terrifying warning for the US and Gulf allies about Iran saying they're going to attack, but the specific way that Israel believes they're going to attack. The real question here, though, is the US buying it? Now, Trump has made a pretty shocking move that may change our relationship with Israel forever. Israel told the, I mean, let's first lay out what their claim is. So Israel told the United States and all the partners that we have in the Gulf region to prepare for Iran to use chemical weapons. The warning went through intelligence channels. It's been going around for about the last two weeks. Israeli officials said the chemical threat is now more urgent than Iran's nuclear program,

• 1:28:45Tom Bilyeu?

  which is pretty wild since as the memes go, the Dead Sea Scrolls themselves projected that Iran was two weeks away from a nuclear weapon. So not often that you can get them off of beating that drum, but it is very possible that this is more of the hyperbole designed to get the US involved, that you've got potentially, possibly the Israeli intelligence force being like, all right, nobody's buying the nuclear thing anymore. The memes are too strong. Let's switch it up. What do we got? What do we got? All right, hey, let's do chemical weapons. Cool. Yeah, we've seen that work before. And so now they're trying to get people on board with that. But there are rumors at the headline level anyway, that the US is very skeptical of that reality.

• 1:29:27Tom Bilyeu?

  Hopefully, the US understands that the public perception that Israel gets the US to dance to its tune is very strong. I think that's asinine. I don't think Trump is going to do that for anybody. I think Trump does what's in Trump's best interest if it happens to align with Israel or his popularity there, since he did once again, repeat his joke that if the US turns on him, he will move to Israel and run as prime minister. A tongue in cheek joke, but nonetheless, something he's said twice now, which is not exactly going to endear him with the vast majority of Americans, given the sentiment has turned so aggressively against Israel, sort of writ large. So probably not the most well advised joke.

• 1:30:11Tom Bilyeu?

  So I think it's reasonable to believe that the US is going to be skeptical of anything coming out of Israeli intelligence at this point. So we'll see if that actually comes to play. I'm certainly not expecting that. Who knows? We'll see in the final analysis. But what I think we can expect is the US is going to back off. They're not going to make the next move. If they can't get something negotiated, then something might happen. But I think right now, if Tehran doesn't strike back because of the Keshm Island

• 1:30:43Tom Bilyeu?

  supposed strike back, defensive maneuver on behalf of the US. If they chill and don't escalate things, I think that the Trump administration is going to push for negotiations and that'll be the next play. And he will only go back to attacks if he feels that he's forced to do so because the negotiations are going nowhere. So obviously, fingers crossed that Iran is not planning to use chemical weapons.

• 1:31:09Tom Bilyeu?

  I would be very surprised, so we'll see.

• 1:31:12Speaker 02

  I want to jump over to Tehran and there was a billboard that went up there on display. So it's definitely not helping. It's definitely not helping those that want to kind of end this war and tame emotions down.

• 1:31:23Tom Bilyeu?

  Now, let me ask, are we sure this is an AI?

• 1:31:29Tom Bilyeu?

  Just to always double check.

• 1:31:30Speaker 02

  Okay, we got to talk to Forbes then. Forbes, you're supposed to verify these.

• 1:31:33Tom Bilyeu?

  Oh shit, okay, this is posted by Forbes.

• 1:31:35Speaker 02

  This was in John Doe.

• 1:31:36Tom Bilyeu?

  Okay, so as reported by Forbes, go ahead.

• 1:31:39Speaker 02

  As reported by Forbes, there's a we will kill Trump billboard that popped up in Tehran.

• 1:31:43Tom Bilyeu?

  If this is real, it's a big fucking billboard. Yeah, says we will kill Trump and shows him behind bars. We going to put him behind bars and then kill him?

• 1:31:53Speaker 02

  We like to, we like to double tap.

• 1:31:54Tom Bilyeu?

  Right, hey, ayo. Yeah, I mean, listen, to be honest, the crazy shit that American politicians, obviously including, including Trump have said, plus, we have killed so much of their leadership in cooperation with Israel. You can't exactly be mad at that. Like, yeah, we're at war. So them wanting to kill our leader is not exactly something where I'm going to clutch my pearls over. Needless to say, I would feel some type of way if they actually pull it off, as we should have all expected them to feel some type of way that we took out their leadership. So welcome to war, boys and girls.

• 1:32:34Speaker 02

  Yeah. It is a crazy. All right, we have one more super chat, then we have to jump over to some of, I really want to talk about this, California wealth tax thing. I think that's like, that's been like pressing me too. But we got one more super chat from Brutus Lugo and Ryan's back, everybody.

• 1:32:51Speaker 04

  Hello.

• 1:32:52Tom Bilyeu?

  Let's go.

• 1:32:53Speaker 02

  Ryan, were you celebrating last night?

• 1:32:55Speaker 04

  A little bit, but honestly, I just didn't sleep well.

• 1:32:58Tom Bilyeu?

  Too excited?

• 1:32:59Speaker 04

  I guess, I don't know. Last week's been hectic. Brutus Lugo says, in your support of the right, is there a sort of acceptance? Like, sure, we'll likely have more sexism, homophobia, racism, xenophobia, et cetera, but at least we won't get universal healthcare and wealth tax. Is that your thought process?

• 1:33:15Tom Bilyeu?

  Respect Brutus. That, that is completely not at all what I think, but that is funny. So I don't see myself as supporting the right. I see myself as far more afraid of the left. So if you're trying to accurately sum up my thinking. Also, while on the far right, you, I'm sure, certainly have unending amounts of racism, Islamophobia and people that would love to take away women's, women's rights. That does not sum up the right as a whole. Now, you could make the same argument that I make about the left, that, okay, the left is just, the energy in the party is on the far left, the DSA wing.

• 1:33:59Tom Bilyeu?

  I don't see that being true on the right, but by all means, if that's your argument, I would certainly understand it. I haven't seen it. To be honest, I don't see a lot of that. So I don't know if I'm just in a different algorithmic bubble and it knows not to show me that stuff or what? Or if you're just way over indexing on something. But yeah, I certainly wouldn't support Islamophobia. I wouldn't support, would you say, women's rights, racism, obviously not. So I think all of that stuff is missing the point. Like, even if I were to try to pick up on what they're actually worried about, I don't think anybody's actually worried about race.

• 1:34:40Tom Bilyeu?

  I think what people are worried about is losing control, not recognizing their country, and they unfortunately map it to race instead of mapping it to value system. So anyway, joke, surest way to kill the joke is to respond in a serious fashion like I have, so forgive me as it was funny. But no, that certainly is not my thinking. And remember, it's not that I'm, if we want to pay for healthcare for all, we can do that, but you need to do it from a place of a balanced budget. I'm going to make a case later that you shouldn't want that because you want cheaper healthcare that's of higher quality. I think what people mean when they say that we want healthcare for all is we don't want people going bankrupt. We want to make sure that people are looked after.

• 1:35:24Tom Bilyeu?

  We don't want this to be a stress in people's lives. And so if I take that and say, okay, cool, how do we get there? Because as a country, we can have anything we want, we just can't have everything. What do we actually need to do to get there? We're going to be talking a lot about that. But I think people really misunderstand what is broken about healthcare. And so when they push for Medicaid for all, they're actually exacerbating the problem. They're not making it better. And so again, I'm really trying to get people where they want to go. If as a country, that is the thing that we all say, hey, look, this is our jam. This is what we want. Then it's like the game that we play in entrepreneurship, which is no bullshit. What would it take? Okay, cool. If that's what we want, how do we actually get there? But the way that people are going is not going to get them there. It's going to take them in the exact opposite direction.

• 1:36:09Tom Bilyeu?

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• 1:36:52Tom Bilyeu?

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• 1:37:35Tom Bilyeu?

  So we'll see you guys on Friday and hopefully I'll see a bunch of you Thursday, November 5th at 1:00 PM Pacific tomorrow. All right, guys, love you bunches. Till next time, my friends, be legendary, take care, peace.

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