Trump & Elon’s IRS Takeover: What the Rich Know That You Don’t | The Tom Bilyeu Show

In this riveting episode of Impact Theory, I, Tom Bilyeu, along with my co-host, Lisa Bilyeu, navigate through an array of breaking news and thought-provoking topics that are sure to keep you on the edge of your seat. Together, we explore the tumultuous landscape of conspiracy theories surrounding the alleged Doge.gov hack and unravel the complex discussion on IRS audits and the necessity for government transparency. We delve into the economic ripples from Trump's audacious notion of Canada as the 51st state and examine the eye-opening notion that money printing might be the actual catalyst propelling the stock market's perceived growth. Lisa and I engage in deep discussions about the dynamics of working from home, the fiery debate over Ohio’s controversial abortion laws, and the transformative role of AI in our daily lives. This episode offers you an unvarnished look into the intricacies of today’s world, prompting reflections on the narratives shaping our society. I invite you to join us as we dissect these current events, economic truths, and the future of technology, all in an effort to make sense of the chaos around us. SHOWNOTES 00:00 Intro 01:09 IRS Dissection Begins 22:33 Do your Taxes Now 23:40 Property Values 24:34 USA Canada Relations 34:30 Who Bombed Chernobyl? 38:36 The Democrats Call For Censorship 47:14 Jamie Dimon Calls Out WFH 55:53 Fines For Nuts? 01:04:32 Ai Rizz Assist? CHECK OUT OUR SPONSORS: Range Rover: Range Rover: Explore the Range Rover Sport at https://landroverUSA.com https://landroverusa.com/ Audible: Sign up for a free 30 day trial at https://audible.com/IMPACTTHEORY https://audible.com/IMPACTTHEORY1 Vital Proteins: Get 20% off by going to https://www.vitalproteins.com https://www.vitalproteins.com/ and entering promo code IMPACT at check out iTrust Capital: Use code IMPACT when you sign up and fund your account to get a $100 bonus at https://www.itrustcapital.com/tombilyeu Tax Network USA: Stop looking over your shoulder and put your IRS troubles behind you. Call 1-800-958-1000 or visit https://tnusa.com/impact ButcherBox: Choose either grass-fed ground beef, top sirloin or organic chicken breast to get free in every box for an entire year. Plus, get an extra $20 off your first box when you use code IMPACT at https://butcherbox.com/impact What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here. https://tombilyeu.com/call  Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. https://tombilyeu.com/ If you're serious about leveling up your life, I urge you to check out my new podcast,Tom Bilyeu’s Mindset Playbook https://open.spotify.com/show/47VE90Cittmo6TGGFqg2xf —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. Join me live on myTwitch stream https://impacttheory.co/4fitmnJ. I'm live daily from 6:30 to 8:30 am PT athttps://cms.megaphone.fm/organizations/0482bfe8-8502-11ed-af5d-3bdc320068d7/podcasts/0a41f61a-9ddf-11ed-9eb7-dbb3a40775f5/episodes/8ac68366-8a85-11ef-bb65-abca3ffdcf54/www.twitch.tv/tombilyeuwww.twitch.tv/tombilyeu https://impacttheory.co/4fitmnJ Looking for more inspiration? Check out The best Serial Entrepreneur podcasts https://podcast.feedspot.com/serial_entrepreneur_podcasts/?feedid=5651453&_src=f1_featured_email#show_more_btn from thousands of podcasts on the web and ranked by relevancy, authority, social media followers & freshness LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS:apple.co/impacttheory http://apple.co/impacttheory FOLLOW TOM: 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 Learn more about your ad choices. Visit megaphone.fm/adchoices https://megaphone.fm/adchoices 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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• 0:45Tom Bilyeu?

  Their dashboard tracks what comes next based on what your business actually needs. So EIN number, registered agent, licenses and permits, bookkeeping, business banking. I tell every founder the same thing. Just make it official. Click the link in the show notes to check out Taylor Brands and get started on your business today. This is a paid advertisement. Doge dives into the IRS and people freak out. Trump ratchets up, saying Canada will have to become the 51st state. And I freak out. Someone bombed the Chernobyl nuclear facility, but conspiracies abound about who it was. Dems actively call for censorship of Americans. And a finance expert wakes up to how money printing drives the stock market.

• 1:30Tom Bilyeu?

  Someone leaked audio of Jamie Dimon thrashing his employees. And Ohio legislators want to charge men 10K per nut. Plus, if solo ball play is all you got, fear not, because AI gonna riz for you. Lisa Bilyeu, welcome to the show. It is yet another crazy day in the world. Tell me about it.

• 1:50Speaker 01

  Yes, it is. All right, well, I am filling in for Drew today. And the first thing is, I can't believe. So why are people freaking out about Doge diving into the IRS?

• 2:01Tom Bilyeu?

  Okay, that is a very good question. I think this is going to be the great conspiracy of our time is exactly what is it that the Democrats are pushing back on? Is it that they're afraid that they've been doing things for years, for decades, that they don't want people to know about? Or is this a political ploy and they're just going to try to stop them no matter what they're doing? That's going to be the question, but I heard a really interesting comment. I cannot verify that this is true, but if it is true, it certainly gives you a leaning that the searches for

• 2:37Tom Bilyeu?

  litigators, for defense attorneys, excuse me, have skyrocketed in DC. Now, if that's true, and again, I don't know that it is, but if that's true, that tells you that people are worried that they're going to, and all of these searchings are going to begin to uncover things. But to me, this is an extension of the thing that made the USAID breakdown incredibly important is the American people can feel that there is a reason that they cannot get ahead. They don't know what that reason is. Now, anybody that's been following me for a while knows that ultimately you sniff this back, it's all going to come back to how currency is manipulated, money printing, inflation, we have something on that later in the show. But why on earth would anybody

• 3:22Tom Bilyeu?

  want 87,000 more IRS agents? This is what the Biden administration was putting forward, whatever, two years ago. And people were like, yeah, cool, like get in there. Because it was this whole ethos of billionaires are not paying their share. Let's get in, let's figure this out. And I ran the math on it at one point, and it was something like each IRS agent would only have to audit something like five people for the entire top 1% to be audited. You, you do not need 87,000 agents to, even if we accept that the 1% aren't paying their fair share, you don't need that many auditors. This is very much about getting into the business of Americans controlling their finances even farther,

• 4:08Tom Bilyeu?

  making sure that the government can spend as much money as they want with impunity. This is the exact kind of mentality that's driving us off this fiscal cliff. So you have the previous administration, instead of saying, how do we get the government more efficient? They're saying, how do we get more money from the American people? That to me is so grotesque and so horrifying. That I it it's almost hard to comprehend. Now, the same people who were saying, get eighty seven thousand more auditors in here are twigging out that the Trump administration is saying, instead, let's point that audit back at the IRS to see exactly what they're doing. Why would you not want to see that go forward?

• 4:51Tom Bilyeu?

  If you're clearly not opposed to audits happening, but you're opposed to the agency itself being audited. So this feels like a bunch of people telling on themselves. But again, I want to be honest. It could either just be, no matter what they say, we're against it, we want to oppose it, and that they go in and they find that there is gross inefficiencies. I think that will be very obvious. But they don't find anything nefarious. You need to let that play out. I think jumping to conclusions that, you know, we're going to find anything other than waste, I think is unwise at this point. But you're either saying, I don't care what's good for the American people. I don't want efficiency here. I just want to stop what they're doing. Or they really are hiding something.

• 5:33Tom Bilyeu?

  But this era of transparency is, I think, the most important thing to happen in a very long time. The only way for us to move forward as a country in an age where information travels so fast and in such huge amounts, the only way for people to be able to make sense of this is to put things out there. I'd love to see it on the blockchain. But you put, where are we spending money? Where are we intaking money? Like, what what are the receipts? So that people can look at this and go, okay, we're doing this deficit spending and I'm I'm here for it. It's yielding these tremendous outcomes. But what they're going to find is that the reason you feel that you can't get ahead is because of all this. The government is spending way more than they intake.

• 6:17Tom Bilyeu?

  They are artificially stifling growth through regulations. And so by continuing to take money from people in the form of direct taxes and the indirect tax of inflation.

• 6:30Tom Bilyeu?

  That is the reason that we can't get ahead. And then you layer on top of that, creating a very unfriendly business environment and you cap our growth. And so now you see, and it didn't make the cut for today's episode, but there's this one sort of lone legislator who is just trying to get people to understand how much debt we are bringing on. And once you understand that the interest on our debt alone is a bigger expense than our defense budget. Okay, the thing everybody wants to see audited. The thing that's bigger than that is the interest on the debt. So you have that reality to be faced and growing, by the way, rapidly.

• 7:12Tom Bilyeu?

  And if we don't make dramatic changes, you're going to add in the next 10 years, it's something like another $20 trillion. I mean, just absurd in the extreme. And so you've got that reality is there. And yet people are freaking out about an approach to efficiency. So to me, it's just laying bare that we have a wildly dysfunctional system where people just want to fight against the other side. That they aren't interested in what's better for the American people, which there is literally at the level of economics, there's just no arguing that you can't sustain these levels of debt. That you have to print money to do it. Printing money makes the rich richer and the poor poorer, which I've walked people through the mechanism a thousand times. I'm happy to do it more.

• 7:57Tom Bilyeu?

  But you're just up against structural realities. And so when I see people push back against that, it is truly maddening.

• 8:06Speaker 01

  Okay, a couple of questions. You said you don't want to think like the go dark or think really badly until you figure out why. But why else would they do it? It seems like.

• 8:16Tom Bilyeu?

  It's those two. It's either man is political animal and they will do whatever they have to to maintain power. Which we have a clip later of a Democrat. She, she actually says the words, we'll show it. She says the words, I want to support somebody that's serious about censoring the American people.

• 8:36Tom Bilyeu?

  And I quote, and I went and watched the whole speech because I was like, in context, does it make sense? Nope. That they, this is a naked grab for power. And because of my whole thing, and I haven't talked about this in a while, but people in my audience, um, hopefully have seared this into their memory. There are three books that I don't think people can read and not develop a real fear of top down authoritarian government. And that is the rise and fall of the Third Reich, Mao, the unknown story, and the Gulag Archipelago. And though there are three books that, I mean, this, this is relatively recent history. We were talking like 80 years ago, and in the case of Mao, less. And

• 9:21Tom Bilyeu?

  when governments force compliance of thought through censorship, you end up necessarily murdering people. Now, hopefully that sounds absurd. But the reality is that when you have a pluralistic society where, I mean, just think about how we have a small company and we can't get everyone to agree on everything. You and I don't agree on everything. So the only way to make somebody agree with you is force. And you can make things very uncomfortable financially. We're obviously seeing that. Or you can imprison, and then when people just won't stop, you start killing them.

• 10:01Tom Bilyeu?

  Then that, that is how top down authoritarian control works because eventually people push back and they say, I'm not willing to take this anymore. But you force them to take it. And so that is the, when I hear people calling for censorship, that's just where it goes. And so, uh, I'm way more freaked out by what's going on in the UK than you are. But you're seeing this now in Western countries. You guys don't have freedom of speech. And so people are getting arrested for posts on social media, like arrested. They're getting longer terms and people that commit sexual violence. I mean, it's just, it's insane.

• 10:41Tom Bilyeu?

  So I don't think when people look at this stuff, that they're taking it seriously enough that naked grabs for power are horrifying. And they're done by both sides. And so the only punchline here is you, one, go slow. Don't, don't add to the problem by freaking out. But when somebody raises their hand and says, I don't want you looking into how money's being spent, like insane red flag. And then when you see people calling for censorship, that for me, you have to draw a hard and fast line.

• 11:16Speaker 01

  So what does the reality of this investigation look like for the everyday person? Like, is there a, we want this to happen because now it benefits me? Like, what does that not?

• 11:26Tom Bilyeu?

  I don't think people really understand what it's going to mean for the IRS to be audited. So what the right way to read this moment is that Trump feels that he has an edict from the American people to come in and make government more efficient, to put money back in their pockets, to reduce the cost of living. And Trump has said, I'm going to go out to the greatest capital allocator the potentially world has ever seen, certainly the greatest living capital allocator. And I'm going to have them go into these tremendously complicated systems and like a systems engineer, figure out what's going on. So one of the most, this happened a few days ago, but one of the most fascinating things that Elon has found

• 12:11Tom Bilyeu?

  in taking a systems approach to looking at, whether it's the IRS or the big one was they were offering people retirement. And they were being told to shrink the government. And they were being told, well, people can't retire that quickly. He said, why not? And the punchline, and this is, this is first principles thinking. The punchline of why people couldn't retire faster was because of the speed of an elevator in a mineshaft. Now, I hope you're like, what?

• 12:41Speaker 01

  Yeah.

• 12:41Tom Bilyeu?

  As if I just glitched and there's no way.

• 12:44Speaker 01

  It was, I was, I was thinking, I was glitching.

• 12:45Tom Bilyeu?

  Maybe I didn't understand that correctly. Okay, I will repeat and then I'll explain how this is true. The rate at which people in the US government can retire is tied to the speed of an elevator in a specific mineshaft. Okay, why? Because back in the 1950s, they started storing the records of people retiring in a, I think a limestone mine in Pennsylvania. As just a place to keep these gigantic documents. And they've never updated it. They've never gone digital. So imagine this is 2025. And so now to transport the records down into the mine, they have to go down this elevator.

• 13:27Tom Bilyeu?

  And the elevator speed then says, okay, wait, we can't store the documents fast enough. So we have to basically process people at a certain rate. And so when you put in for retirement, they schedule it based on how quickly they can get the documents into that mine. And so nobody's saying to themselves, why don't we update these systems? I mean, technically they are, but they're they've gotten in 10 years, I think they've gotten to the letter B.

• 13:52Speaker 01

  What?

• 13:53Tom Bilyeu?

  Yeah. So thi- this is where it's like people legitimately do not understand systems level first principles thinking. When you look at all of these audits, making the government more efficient, it's going to bring to the surface things that will be very confusing to people. But it's what you have to do. So if you're spending $2 trillion and you know that the government is nakedly taxing and using surreptitious tax. Going to the IRS that controls all of that is a great place to start just to get a baseline. Where are we at? So again, I won't leap to the conclusion that you're going to find fraud.

• 14:36Tom Bilyeu?

  But I will certainly leap to the conclusion that that's a really good place to get a sense of where are we right now? Is this being done efficiently? Are we only taxing people what we're supposed to? Are we keeping more of people's money because they don't seek a return? Right? And this is the one that I worry we're going to see. That you're going to go in and realize that the government is overtaxing people. And they're just waiting for you to be too dumb to understand the tax code. And so why are billionaires quote unquote, not paying their fair share? Because they understand the tax code or they pay an army of people to understand the tax code. But the average person doesn't. And so the government isn't going to be like, oh, we're going to give you a lot more back.

• 15:19Tom Bilyeu?

  This is they're they're going to give you back only what you put forward using TurboTax. And so the the terrifying thing will be terrifying in the sense that people are going to be very angry. If they go in and they find, oh shit, the government already knows what you owe. And they should just say, this is what you owe, knowing the tax code and making it, they should make the tax code clean and simple. This is what you owe. We're not taking a penny more than you owed. We're not counting on you to outsmart us. We're just gonna say, simple tax code, this is what we take. So I have a feeling that what Trump and Elon are, I am now way out over my skis. I am mind reading.

• 16:04Tom Bilyeu?

  But I have a feeling it will be something like,

• 16:08Tom Bilyeu?

  the government is taking more than they need to. There are obvious things that people could be claiming and aren't. And the government isn't saying, hey, hey, hey, you don't owe us this much. You only need to give us this much and we're gonna give you this much back.

• 16:21Tom Bilyeu?

  That will light people on fire. And then they're gonna point and say, this is all the other guys. Now, we get into the WWE of it all, because let's remember, Trump was already president. So you have a system that is, I think, just wildly unmodernized, first of all. Will take as much from the people as the people will allow them to take. You need look no further than money printing. And all of the data is there for anybody to see. And so the second you start looking at it, the people who most want every dime that they can get from the American people are gonna yell the loudest. And right now, the people yelling the loudest are on the left.

• 16:59Speaker 01

  So does Elon's tweet hurt or help this situation?

• 17:03Tom Bilyeu?

  Alright, so this is an Elon tweet. Reuters was paid millions of dollars by the US government for large social, large-scale social deception. He put that in quotes. That is literally what it says on the purchase order. They're a total scam. Just wow. Okay. This is why just reading headlines is problematic. I do it. Everybody does it. I get it. So for sure, for sure, we all have to be thoughtful about this. But if you pull up the image, and to his credit, he included the image. But if you go look at the description, which is what he's quoting. So right there in the description field, it says, active social. This is the payment that Reuters was given. In the description, they say what this is for.

• 17:43Tom Bilyeu?

  And it says active social engineering defense in parentheses A S E D end parentheses next part of the description large scale social deception in parentheses LSD now I don't think there's any way to read that other than that this is for defense of social engineering I think Elon knows that and I think that he put this out because he knew the headline would be amazing now the headline is technically true it does say large scale social deception but let me tell you if you're actually paying Reuters to do large scale social deception you do not put that in the field you only put that in the description field because it's tied to defense defending against this now I

• 18:28Tom Bilyeu?

  still think that's worthy of question because I doubt very much that I'm going to agree with Reuters that they should be in this game of deciding how they're going to protect us from that because it's probably bullshit it's probably all propaganda but the way that Elon is framing this is also propaganda so boys and girls it is propaganda up down left right A B select start like it's just everywhere and once you understand that every time somebody is speaking they're speaking in propaganda like unintentionally every word out of my mouth is from my frame of reference I am I am giving you the lens of the world through my frame of reference that's why you cannot listen to any one person myself included you've got to be triangulating the

• 19:11Tom Bilyeu?

  truth by seeking out people who are sincere now because of the way the human mind works sincerity doesn't always get you the most clicks the most views it doesn't get people on your side I think Elon knows that he he can get people get their emotions inflamed by saying look it says it right there so yeah I I don't love it but this is how the game is played this is why you can't you cannot allow your government to censor because at least I can come on and say look that's bullshit it's obviously bullshit so I don't know what the fuck but you're going to see more and more of this now if you're gonna run every person through a purity

• 19:53Tom Bilyeu?

  Everyone's gonna fail. So it's not like I'm gonna be like, well, now fuck Elon, like, get him out of here. But if Elon says something that I read to be ridiculous, I'm gonna say, I read this to be ridiculous. And I think that's the way this has to play. So does that help? No, it does not. Do I wish that he hadn't said it? Yes, I do. Do I think that this invalidates what they're trying to do? No, I don't. There's one more clip that we have to play of the finance expert coming to realize that money printing is the problem, not a problem, it's the problem. Quick break, but don't go anywhere. There's more to come after this short break from our sponsors. Luxury brands are not charging you more for better cashmere.

• 20:35Tom Bilyeu?

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• 21:18Tom Bilyeu?

  Get free shipping on your order and 365 day returns. It's now also available in Canada and the UK. And when Quince asks where you heard about them, make sure you tell them that it was on Impact Theory. That's the best way to support the show. I'll call you back. That's the most expensive sentence in business. You mean it when you say it, but by the time you remember, they've already found somebody else. That's why today's episode is brought to you by QUO, spelled Q U O. The business phone that's built so you never miss a call or a customer. QUO writes up your calls for you and one click turns any of them into a task with a name and a due date. The follow-up actually happens instead of living in your head. When you can't pick up at all.

• 22:02Tom Bilyeu?

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• 22:42Tom Bilyeu?

  And we're back. Let's pick up right where we left off. There's one more clip that we have to play of the finance expert coming to realize that money printing is the problem, not a problem, it's the problem.

• 22:55Speaker 02

  I didn't realize that if the average year, the money printer goes, call it eight to 10%, even in the Western countries, even in the OECD nations, and the average return on the S and P 500 is, call it nine-ish percent, including dividends, maybe 9.7, maybe a little less, that it means that all of the work of the S and P 500, all of the value created there is actually the money printer. That to me was startling.

• 23:30Tom Bilyeu?

  That is a startling insight. So, uh, this is the thing I am just trying to get people to understand, like it all comes back to money printing. There are so many illusions that are created from money printing, like, oh, the stock market's going up. No, it's not. The stock market is simply keeping, uh, the way that it works is as you print money, the money loses value, therefore, anything that is

• 23:55Tom Bilyeu?

  I hate using this phrase denominated in dollars, meaning it's just priced in dollars, will acknowledge that those dollars are worth less by going up in price. It's the same reason it seems like your house is going up in price. Your house is not going up in price. The dollar is going down in value, so to get the same value, it must go up in price. I will use the coffee analogy again. If what you want out of coffee is caffeine, if I keep pouring water into your coffee, you have to drink a lot more mugs of coffee in order to get the same amount of caffeine. It's not that my coffee has somehow magically gotten stronger. It's that it's in fact, the opposite. You've watered it down so much that you have to like drink your five cups, eight cups,

• 24:40Tom Bilyeu?

  10 cups, whatever, to get the same buzz. So, once that locks into place for people, all of a sudden you go, oh my God. The game is not at all what I thought it was playing. If you want an increase in, in real wealth, then, and he goes on to say it in the clip, we don't have to play because we're pressed for time, but if you want an increase in relative wealth, you have to make a huge bet and be right. And this is why I say the stock market is gambling. Because if you really want to do something, like if you want to buy a house that's actually going to go up in value compared to the devaluation of the dollar, you've got to like call Austin 10 years ago. Call Austin 10 years ago. Now, for real, it goes up in value because a ton of people flooded into that area. So now it's not just keeping pace with inflation.

• 25:24Tom Bilyeu?

  It's that area has truly become more valuable. But you have to call it early and be right. Most people will bet early and be wrong, and that's why the, that kind of trading ends up demolishing most people. It's something like 5% of the people make all the gains. But you have to own assets. This is not me saying assets are bad. You have to own assets to keep up with inflation. But if you don't understand the actual game you're playing, you're in trouble. And that is a finance expert who said he's been teaching finance for like 20 years and only just like in the last few years has he realized, oh, this is what's actually going on. I'm telling you, people that think they know money do not know money. Even myself, I consider my vision incomplete. I've got to keep learning, learning, learning. But when you get to that foundational piece, it really does change how you view everything.

• 26:09Speaker 01

  So I can imagine it'd be absolutely detrimental if you owned property and in a neighborhood that ends up declining. Because now your property value goes down, so do you technically lose even more money?

• 26:20Tom Bilyeu?

  Well, yeah, I mean, if you pick a neighborhood and something bad ends up happening in that neighborhood, hey, since Chernobyl's come up, if you owned a house in Chernobyl, ooh buddy, your property value just went to zero. So yes, of course, you'd be losing more money. But property values are, it's, I mean, take somewhere like Southern California, because it's impossible, or getting more impossible by the day to get fire coverage, yes, the value of your house is going to decline and you are going to feel that for real. That's a real decline in value, for sure. But people need to understand, it's just spin, spin, spin, as far as the eye can see.

• 26:57Speaker 01

  All right, well, speaking of spin.

• 26:59Tom Bilyeu?

  Let's go, I feel that transition coming.

• 27:02Speaker 01

  Trump somewhat insists and says that Canada must become the 51st state.

• 27:10Tom Bilyeu?

  Yeah, play the clip so people can hear it directly from him. Technically says have to, but I want people to hear it for themselves.

• 27:18Speaker 03

  By the way, Canada is just about the lowest payer also, just, you know, they shouldn't be, they are just about the lowest payer in NATO, in addition to everything else. So Canada's really been taken advantage of, and if they had to pay just something modestly fair, they wouldn't be able to succeed as a country. And that's why, that's why I feel they have to become a state.

• 27:43Tom Bilyeu?

  So, uh, look, I think people are getting used to this rhetoric now. When he first said it, honestly, I thought he was teasing. I, I literally just thought he was being playful and over the top. But the more he talks about it, the more I realize he's serious. Now, I don't think it's ever going to happen, and I don't think that there's enough pressure in the world that he's going to be able to put on them, uh, without breaking all kinds of other things in terms of our standing in the world, and people just thinking like, this is absolutely absurd. Now, play this clip, uh, of me being the wrongest person in the world. If it ends up happening, I will certainly update my thinking. But I cannot fathom a universe in which this actually happens. But why is he pushing this rhetoric so hard? Okay, so, um...

• 28:29Tom Bilyeu?

  He talks about this a lot, and I think ultimately it boils down to if you're an entrepreneur and you're looking at the world and you're, you're saying, okay, I have a mandate from the people. My job is to come in and make lives better for the average American. How do we make lives better for the average American? You put more money in their pocket. I just cannot tell you it, it, there's a famous saying, it's the economy stupid. Like if you want to know why somebody gets elected or not elected, it is when a person who is about to cast a vote thinks about what that person's going to mean for them. What they mean is, are you going to make my life financially better? And are you going to make my kids' lives even better than mine? When you get people to say, yes, this person will put more money in my pocket and it will make sure that there will be more opportunities for my kids.

• 29:13Tom Bilyeu?

  People are going to vote for that person. It really is the economy stupid. When people feel like they're flush with cash, they feel good. When they feel hamstrung, they feel terrible. Humans are that simple. And he's coming in saying, okay, I've been given the mandate that I have to flip that for Americans. Because despite all what I'll call bullshit reporting over the last four years from the Biden administration about economies better than ever. We're going to get into when we talk about the economist later, or the, the finance expert later, who was like, Jesus, I just realized inflation, printing money is the problem.

• 29:47Tom Bilyeu?

  We'll see why, but he understands, okay, I've got to get spending under control and I've got to find growth. Now, as an entrepreneur, you say to yourself, okay, what's the fastest way for my country, my company to grow? Oftentimes, the answer is acquisition. So this is Trump looking at basically the acquisition of a 51st state. I think very much in his heart, whether he would say it out loud or not, he's got like, oh, man, this is going to be terrible.

• 30:18Tom Bilyeu?

  All right. This would require a very long episode unto itself. So dear world, please forgive me. I know this is going to get clipped out. That he has a Polk-like tendency to want to make America great through expansion. And so whether that is Greenland, whether that is Canada's 51st state, whether that is getting the Panama Canal back. And the bad news historically is that it works. And we all just think that we're living in a time where all that stuff is done, man. Like, nobody has to think about that anymore. Apparently we do like he is I think serious that he wants to see Canada become the 51st state.

• 31:01Tom Bilyeu?

  Thinking like an entrepreneur who can acquire this company known as Canada Inc. And Canada Inc. Has a ton of resources and he's looking so when you acquire a company you go. Uh, ooh, I've just found a company that's undervalued if it were in my hands. So you look at it, it's what's known as a strategic acquisition. So not being bought by like a private equity company that can't make. Can't merge two entities together and get efficiencies. Instead, it's a strategic like when we sold Quest, we sold to another protein bar company. And so they were like, oh my gosh, like we can bring these guys in, get their revenue, get their community.

• 31:43Tom Bilyeu?

  And we'll be able to bring manufacturing efficiencies, not have to pay to accounting companies, all that kind of stuff. Uh, so for a strategic acquire, you usually get a much higher multiple because they. On your revenue or your EBITDA, whatever you're being valued against. And so um, by selling to a strategic, it's like they really think they have a vision for how they can make use of this. Okay, so Trump is drill, baby, drill. So he's looking at America and he's saying, hey, like, we're going to stop all this Green New Deal bullshit. We're going to return to fossil fuels. We're going to get this economy humming by drilling. Then he starts looking up at Canada in some kind of way and is like, oh damn, these guys are even more greenly absurd than we are. I'm going to get them to be the 51st state.

• 32:28Tom Bilyeu?

  I'm going to now be able to use my drill, baby, drill tactic. I'm mind reading here, I'm fully aware of that. I, he has not said this, uh, but this, this is my read. I'm going to apply the same ideas up there. They've got all these natural resources that they're not exploiting. We would be able to bring massive growth to the now very expanded US economy. Uh, and where does that make us as an energy producer in the world if it was US and Canada? I mean, we're already one of the biggest energy producers in the world. If we were also combined with Canada, it would be insane. And so it becomes not only territorial expansion,

• 33:11Tom Bilyeu?

  but you get the revenue opportunities from a GDP perspective of not only just getting those resources, but being way more, in his mind, efficient with those resources. And so, I mean, honestly, God, I hate to say this because it's so fucking terrible. But stick around, we'll be right back after this. You're probably paying two salespeople to do one salesperson's job. That's where today's sponsor Pipe Drive comes in, an intelligent AI-powered sales CRM loved by growing sales teams. Pipe Drive just launched meeting intelligence built right into the CRM. Before every call, it pulls deal history and past conversations into one brief.

• 33:54Tom Bilyeu?

  During the call, it records and takes notes. After it, it drafts your CRM updates to review and approve. So there's less admin and more selling. Switch to a CRM built by salespeople for salespeople and join the over 100,000 companies already using Pipe Drive. My link gets you an exclusive 30 days free instead of the usual 14-day trial. There's no credit card payment needed. Just head to pipedrive.com/impact to get started. Again, that's pipedrive.com/impact, and you can be up and running in minutes. Thanks for staying tuned. Now, let's get back to it. And so, I mean, honestly, God, I hate to say this because it's so fucking terrible.

• 34:40Tom Bilyeu?

  But if they became the 51st state, we would be economically monstrous.

• 34:47Speaker 01

  Okay, so good for America.

• 34:48Tom Bilyeu?

  Yeah.

• 34:49Speaker 01

  What about for Canada?

• 34:50Tom Bilyeu?

  I mean, oh, God, from the Canadian psyche, terrible.

• 34:55Tom Bilyeu?

  You you want to be your own country. You don't want to do things the American way. In fact, from what I hear, from what I hear, I don't have any studies, but from what I hear, there's not exactly a lot of pro-America sentiment in Canada, which is exactly why this is never gonna happen. Like, even if they were like, "Yeah, economically it would be better for us," that's not the country we want to be. Uh, and, boy, oh, boy, would I think it, uh, an absolute earth-shattering crime for, uh, Trump to pursue territorial acquisition through force. That, that is, I'm not here for that. That would be an atrocity.

• 35:29Speaker 01

  Is he threatening to do it through force?

• 35:31Tom Bilyeu?

  I don't see anything like that. I don't think that's his play. I don't think he's gonna go down that road, but I think he is gonna keep beating the drum about this is better for them, and, you know, they're gonna get more protection, and he's gonna do what he can with tariffs, uh, to make it harder for them, uh, to be independent. So even what he's saying there in terms of, um...

• 35:54Tom Bilyeu?

  If they were asked to pay their fair share of NATO, they would be in a very difficult position economically as a country. Now, he tips his hand there, where it's like, "Oh, if you can weaken their economy, then it becomes, like, way better for them to consider becoming the 51st state." So is he gonna play that economic card? Yeah, probably. Is some of the flirtation with the tariffs about that? Probably. Um, is he gonna try to push that through in the next four years? I don't know. I don't know. Like, this is where you read enough history and you start going, "Huh, this has Polk vibes." And for anybody that knows how Polk did the manifest destiny to get America to go from sea to shining sea, he was the guy, uh, and did it in four years. He said, "I'm only gonna run once."

• 36:38Speaker 01

  So what is Polk?

• 36:39Tom Bilyeu?

  Polk, uh, President Polk. P-O-L-K. I forget his first name. Um, but he said, "I'm gonna run one time. I'm gonna be in office for four years, and I am going to get America to go all the way across the country." And he did it, and his own, like, it was, I previously said I wasn't sure if it was Ulysses S. Grant. It was. Uh, and he, he was like, "Yeah, this is horrific," because it forced us to go to war with Mexico, uh, and we just fucking slapped him around and took, like, a huge amount, like, 21 million square miles, I think. Fact-check me on that number. It's directionally correct for sure. Uh, and, yeah, people were fucking mortified. So that would be, um...

• 37:22Tom Bilyeu?

  That would be civil war time in America if he tried to do it through force, for sure. Because even I'd be like, what the fuck is going on?

• 37:29Speaker 01

  And so probability, because sometimes you never know what the man's gonna do.

• 37:34Tom Bilyeu?

  So as an act of faith, I choose to believe it is essentially zero percent chance that he will do it by force. I don't think it not keeping me up at all, uh, but I do think that he's gonna try to play that card pretty hard economically. It's just crazy that this is real, but crazy in a like, I am realizing, uh, there's a concept called real,

• 37:57Tom Bilyeu?

  real politique, real politique. So it's like real politics, basically. What is real politique? Real politique is this is all force. That's all this ever was economic and physical. Uh, and for 70 years, we got to think in the West that that wasn't what this really is. That's the game.

• 38:11Speaker 01

  Hmm. Well, speaking of force, so someone apparently bombed Chernobyl.

• 38:16Tom Bilyeu?

  Yeah.

• 38:16Speaker 01

  So what on earth is going on there? Who and why on earth would they bomb it?

• 38:21Tom Bilyeu?

  I don't think anybody knows, but, uh, this is where tinfoil hats will abound and.

• 38:26Speaker 01

  You mean conspiracy theorists?

• 38:27Tom Bilyeu?

  Yeah, yeah, because so, uh, why would Putin do it? So the.

• 38:32Speaker 01

  Is that the speculation right now?

• 38:34Tom Bilyeu?

  Thing would be this, um, Putin wants to do a show of force because Trump is saying that Putin wants peace. And Putin is saying, no, no, no, this is all going to be on my terms. And I'm going to really fuck these guys up and I'm going to drop a bomb on the sarcophagus around Chernobyl. So Chernobyl, for people that don't know, melted down back in the eighties when it was a part of Russia. And they had to build this gigantic concrete sarcophagus over, uh, Chernobyl to trap the radiation. And someone just dropped a bomb on it. Now, either Putin did it as a show of strength, like, hey, fuck you, Ukraine. Like, we're gonna ruin you guys. We're gonna get all the territorial concessions, just a reminder that we're totally in control.

• 39:19Tom Bilyeu?

  There's this concept called a false flag where you do something against yourself to justify, uh, in Zelensky's case, I, this is breaking news. I am not saying this is what happened. I'm just saying this is, these are the two things that are being talked about online. For Zelensky, it would also like if if the world wasn't so used to false flags now, it would be a pretty gangster move. You drop that bomb on Chernobyl yourself. You say Putin did this as an act of aggression. Dear US, all European countries, you gotta give us more military aid so that we can push this guy back. As you can see, he's a madman. Who would do

• 40:01Tom Bilyeu?

  that? Now, only time is going to tell who actually did this. But you can see a flex on either side. If I'm honest, the person probably with more to gain is Zelensky. Doesn't mean he did it, but it does mean that it does give him a pretty big card to play to say, hey, like, we've really got to push back against this. And that's the world that we've always lived in. I do not want people to think that somehow a new world, this is the world we've always lived in. This is how these games are played. People will, the Nazis did things against themselves. The US go to Japan into attacking us so that we could enter World War II. This

• 40:43Tom Bilyeu?

  stuff's just real. People do this kind of thing all the time. People talk about January 6, that there were some number of FBI agent informer, people faking they were in disguise, but they were actually in the FBI trying to rile people up to get them to attack the Capitol. So these things are real. People do this stuff all the time. So going back to the Nord Stream pipeline, who blew it up? We still don't know. But

• 41:07Tom Bilyeu?

  many things abound.

• 41:08Speaker 01

  So question I have is, you said earlier that Trump said that Putin wants peace, and he was like, no, I don't.

• 41:14Tom Bilyeu?

  No, no, no. I'm saying if if it was Putin that dropped that, it is entirely possible that his play is to say, either no, I want to continue being aggressive. I want to get what I want. But this is Tom prognosticating. This is not Putin actually saying that.

• 41:28Speaker 01

  No, but you said Trump said that Putin wants peace.

• 41:30Tom Bilyeu?

  Yes.

• 41:31Speaker 01

  Is he saying that as a manipulative tactic, or he really believes it?

• 41:35Tom Bilyeu?

  Well, according to Trump, they had a private phone call, and Putin said, I want the war to end. Now, that doesn't mean that Putin's, yeah, Trump, of course I want the war to end, but I'm gonna get all of Ukraine. So as soon as they hand everything over, peace.

• 41:51Tom Bilyeu?

  We don't know yet, or at least I haven't heard anything out of Putin's camp yet about what this is. So I don't know. I only know what Trump said about it. He was pretty brief and just said that yes, he wants peace.

• 42:04Speaker 01

  You said something earlier, which is a little heartbreaking for me as a Brit, because when I was in England growing up, the thing was, America is the land of the free. You go there to dream big and be able to execute on that dream. But you mentioned earlier that Dems are actively calling for censorship on Americans.

• 42:20Tom Bilyeu?

  Yeah, this is crazy to me. Play this clip.

• 42:24Speaker 04

  Look, let me tell you something. I'll take a bit of umbrage here. I'll speak on behalf of my colleagues. I think I can say, we are all willing to work with anyone who's serious about doing the work of censoring the American people and advancing progress. But they are not serious.

• 42:42Tom Bilyeu?

  I would love to tell you. So I watched the whole speech from beginning to end. And I would love to tell you that in context, that line meant anything other than censoring Americans. It doesn't. That's literally what she's calling for. Ah, yeah, I am scandalized by people's lack of fear of being censored. And how devastating that is, because that is the thing that ultimately it just leads to being crushed from the top down. Or in addition to that, surreptitiously being manipulated through things like all the back channel stuff that people were doing with the algorithms of the social media companies through COVID.

• 43:23Tom Bilyeu?

  And this is exactly how you make somebody like Brett Weinstein become radicalized and be told that he's crazy and he doesn't understand, one of the preeminent evolutionary biologists of our time, which is absolute insanity. The exact person you want trying to sift through the data of this stuff, not that he knows the answer, but that he knows how to use the scientific method to get to the answer, but you need to allow people to speak. And so, yeah, it is super bizarre in this moment to watch the two sides go at each other from, hey, we need more transparency. We need to audit. We need to see what's going on. And then other people going, the only way to get progress is to censor people. It's a, it is a gross ignorance of history.

• 44:04Speaker 01

  How can they convince themselves that's a good idea?

• 44:07Tom Bilyeu?

  Ooh. Okay, so steel manning the other side. Uh, it goes like this. Oh, people, I'm sorry for repeating things, but they are true. You have to understand man is political animal. Okay, what does that mean? That means that you have a wide array of human beings with a wide array of opinions, a wide array of knowledge, a wide array of intellectual capacity. Given that that is true and that there are extreme logistics to be taken into consideration if you want to run what's known as a direct democracy. So imagine you say, Tom, this is so simple. Just ask the people what they want. Let them vote.

• 44:53Tom Bilyeu?

  Why do we have to, why do we have a representative democracy? That's dumb. Don't have representatives. We live in the digital age. You were just saying like all these records should be digital. Why don't we just make it? Everybody's got an app on their phone to vote for this, that, or the other. And then you realize that people won't do it. That they don't pay attention to the news. They're not informed. Um, if they hear a headline, they don't read the actual thing. They're not making decisions for themselves. Uh, people manipulate because manipulation works. And so you have this, uh, mass of people. The vast majority of people, they, they just wanna be in love. We're recording this on Valentine's Day. They just wanna be in love. They just wanna raise their kids. They just wanna do a good job at work.

• 45:36Tom Bilyeu?

  They wanna play some video games. They wanna go play pickleball. Like, they, they don't wanna think about this stuff. They don't wanna deal with it, or they don't have time. They're working three jobs and raising kids by themselves. They don't have time for this stuff. It's not even that they don't want to, it's that they don't have the energy to do it. Okay, so that is just a reality to be faced. So even if you put an app on everybody's phone, they're not gonna be educated on the topics. They're not gonna have time. Most people won't show up for the vote, even if you make it as simple as humanly possible. And so now you're even in a direct democracy where you're just saying vote on everything. You'll get a small group of people that do the research, that do the voting, that try to sway the public, all of that.

• 46:17Tom Bilyeu?

  So there, there is no way, given the architecture of the human mind, to get direct democracy to work. Plus,

• 46:28Tom Bilyeu?

  With all the people voting on all the things, you're you're gonna be pulled in a thousand directions. So what people have realized through the course of human history, I'm talking from the dawn of man, is that there are always going to be a few people at the top. And those few people are going to give you a story. And that story is going to help you understand you, your country, your role in your country, what a good person looks like, what they do. And this is why when people look at, say, the US versus China, it's very jarring, because China is a very different cultural story than America. Now, we're all humans, but we have these wildly different stories. And when you're raised under one story or the other, you begin to form a frame of

• 47:11Tom Bilyeu?

  reference that allows people internalize this idea. Your frame of reference controls both what you look at and what you see. It it controls more of your life than you could possibly imagine. And

• 47:26Tom Bilyeu?

  by telling those stories, you can get people to look at certain things, you can get them to, you can control what they look at, but you can also control what they see when they look at it. And because of that truth, the people at the top who have, sad to report, often higher intellectual capabilities, they have often more financial means, so they have the ability to pay attention to this stuff. And they certainly have the temperament for it. And they construct that narrative. Now, a more just naked way of saying it is they spin things to get you to see the world the way they want you to see the world. And so how do they convince themselves that censorship

• 48:10Tom Bilyeu?

  is a good idea? Because it works. And so by censoring people, as long as you're the person in power, what do you care? Unless you have the moral connection to like, every human life is sacred, then what? We we've got a billion people in the country. Why? I mean, this is Mao, right? We've got a billion people. Why not kill 100 million to make sure that the other 900 million have a better life? If you don't have the empathy of like, but that's, those are real lives, those are real tragedies. Every one of those people that you starve to death or murder in the most heinous way, like that, that is a a tragedy of just epic proportions.

• 48:50Tom Bilyeu?

  If you don't have that, you go to the, you gotta crack some eggs to make an omelet. You gotta break eggs to make an omelet. And that's how they convince themselves that we're right, we're just, doing these things will lead to utopia, which it never does, because humans are far too complicated for that. But that's how they convince themselves. And so imagine if you really believed you were right and you're really gonna lead people to the promised land. How many people would you be willing to kill? And unless your answer is zero, then you end up in a weird position.

• 49:20Speaker 01

  Okay, that explains why she would say it. Thank you for breaking that down. Why would me, let's say the average citizen? Why would I agree to censorship? Like, that seems so crazy to me that's like, hey, whatever you think you shouldn't be able to say. How has that convinced me as like an everyday person? Why would someone vote for that?

• 49:41Tom Bilyeu?

  Okay, this frame of reference. So it comes down to what I call, and the team is begging me to come up with better branding on this. It's what I call the dumb voter problem. Ask somebody point blank. You have a voter who's too dumb to make an informed decision. And they're gonna vote for Donald Trump. What should you do with that person? And that's where you get people who are like, you can't let Trump speak. You can't let him reach into the minds of people that are too dumb to realize that he's lying to them, that he's a criminal, like that's gonna be their thing. Now, to me, the only right answer to that question, and obviously I'm not saying that person actually is too dumb. I'm saying when somebody believes that person is too dumb, what do they want to see happen?

• 50:24Tom Bilyeu?

  The only right answer is you must allow them to vote. You must allow them to have a voice because you can't let anybody decide who's too dumb to vote, or who's too ignorant, or too manipulatable, or whatever. Because, again, you go back to authoritarian rule. The only way to stop that is through force.

• 50:42Speaker 01

  All right, well, free speech right now still exists. And

• 50:47Tom Bilyeu?

  In America.

• 50:47Speaker 01

  In America, yes, thank you.

• 50:49Tom Bilyeu?

  Basically only America.

• 50:51Speaker 01

  But people are freaking out over the speech that Jamie Dimon?

• 50:55Tom Bilyeu?

  Jamie Dimon.

• 50:56Speaker 01

  Jamie Dimon did, that was leaked, and he's the CEO of Chase, and we have a clip of it. Let's show that.

• 51:04Tom Bilyeu?

  That is not it.

• 51:05Speaker 01

  That is not it.

• 51:10Tom Bilyeu?

  Jamie Dimon.

• 51:11Speaker 01

  It's work from home, yeah.

• 51:12Tom Bilyeu?

  That one.

• 51:12Speaker 01

  That clip, yeah.

• 51:13Tom Bilyeu?

  Yep.

• 51:14Speaker 05

  A lot of you were on the fucking Zoom

• 51:18Speaker 05

  and you were doing the following, okay? You know, looking at your mail, sending texts to each other about what an asshole the other person is. Okay, not paying attention, not reading your stuff, you know? And if you don't think that slows down efficiency, creativity, creates rudeness and stuff, it does, okay? And when I found out that people are doing that, you don't do that at my goddamn meetings. You go to me with me, you got my attention, you got my focus, I don't bring my goddamn phone, I'm not sending texts to people, okay? It simply doesn't work. And it doesn't work for creativity, it slows down decision making. And don't give me the shit that work from home Friday works. I call a lot of people on Friday, they're not a goddamn person to get a hold of. But here are the problems, okay? And they are substantial, okay?

• 52:01Speaker 05

  Which is, the young generation is being damaged by this. That may, they may, it may not be in your particular staff, but they are being left behind. They're being left behind socially, ideas, meeting people. In fact, my guess is, most of you live in communities a hell of a lot less diverse than this room. Every area should be looking to be 10% more efficient. If I was ready to depart for 100 people, I guarantee you, if I wanted to, I could run it with 90 and be more efficient. I guarantee you. I could do it, I could do it in my sleep. And the notion, these bureaucracies, I need more people, I can't get it done. No, because you're, you're filling out requests that don't need to be done, your people are going to meetings they don't need to go to. Someone told me to approve some of his wealth management, that they had to go to 14 committees.

• 52:47Speaker 05

  I am dying to get the name of the 14 committees. And I feel like firing 14 chairman of committees. I can't stand it anymore. Now, you have a choice, you don't have to work at JP Morgan. So, the people of you who don't want to work at the company, that's fine with me. I'm not, I'm not mad at you, don't be mad at me, it's a free country, you can walk on your feet, you know? But this company is going to set our own standards and do it our own way.

• 53:11Speaker 01

  Oh, all right. As a business owner and someone that used to be an employee, um, so let's not forget that, how do you feel about that?

• 53:19Tom Bilyeu?

  He's right. There's just no two ways about it. And I don't expect what he said to be popular, but it's so accurate that this is one of those, I wish there was a way to run an experiment to make somebody run a company for a year and put their house on the line, that if you don't get this right, you lose your house. Like, all of a sudden, it just cuts through all the bullshit. And the reality is work from home is wildly inefficient. Humans are way better when they can overhear each other, when they can just walk into a room and have a quick conversation. People getting bogged down in meetings and all of that stuff, it is not only deeply inefficient, but it is going to be the downfall of a lot of companies in the AI age. They are just not going

• 54:02Tom Bilyeu?

  to survive. You have to be lean, you have to be mean, you have to be aggressive, you have to understand that business is a competition. And so people want business, people want business to basically take care of the employees, but you cannot take care of the employees if the company goes out of business. And that's the thing that I think people are super blind to.

• 54:22Speaker 01

  Because they don't think of it as a business, because he even said, like, the efficiency of it. If we can do something with ninety people instead of a hundred, at least for me, my business brain goes, sometimes you have to make those decisions to keep the company alive. You have to keep the P and L aligned. So if it's not, you end up shutting down the company, no one has a job.

• 54:41Tom Bilyeu?

  Yeah.

• 54:42Speaker 01

  So do you think that this is just a difference in mindset between entrepreneurs? Because guaranteed, every person that I know that owns a business would agree with this.

• 54:50Tom Bilyeu?

  Yes, it's not just that, though. You will get people that are hungry and they really want to do something awesome, they're ambitious. And so people in that position are probably going to hear that and be like, yeah, that resonates with me. Like, I'm here to win. I want to be a part of something that matters. I want to go. There's a really interesting story of an engineer that was working for Elon, I think at SpaceX, and he was burnt out and he quit, and goes and works somewhere else. And I think it was the author that wrote the biography, I think, and comes back later and sees that guy that had previously quit because he was burnt out. And he was like, why'd you come back? And he was like, I went to another company and I was bored out of my mind. And I realized that I'd rather be burnt out than bored.

• 55:36Tom Bilyeu?

  And so there, that's not necessarily somebody that's gonna run his own company, but that's somebody who's like, I am playing to win. I wanna be on the field, doing my best, pushing my skills to the absolute limit. And when I hear stuff like this, I, I really am sad that the frame of reference that we've been giving people for the last 20, 30 years, because we've had this world of abundance, is that companies are just taking advantage of their employees. You should work as little as possible and just make money, make as much money as possible. And instead of saying, go somewhere where you can fully express your talent and intelligence. Go somewhere that you believe in and build something that matters. And that companies are the backbone of the world.

• 56:19Tom Bilyeu?

  Like, it is the thing that's pulled people out of poverty. It is the thing that's made life better. And right now, that's not the narrative. And I know a lot of people are gonna say, I'm out of touch and I'm just some rich dumbass. And to your point about, it's not where I started. Started as just another employee. And I realized one day that my parents had taught me to have a slave mentality, to keep my head down, do as little work as possible and avoid punishment at all costs. And I was like, whoa, cuz the guys that were my bosses at the time took the day off and I relaxed. And I remember on the day being like, hold on a second. Why am I relaxing? Because this was in the beginning of our marriage and I was like, I've made my wife poor. I've got her, she is at home right now clipping coupons.

• 57:01Tom Bilyeu?

  And if I'm relaxing when they're gone, I'm saying that there's nothing that I can do, that I'm just keeping my head down, doing as little work as possible. And I was like, wait a second, what if I showed up every day and acted like I was the only person in this company? And I was the CEO and if it were to be, it was up to me. And that changed my life. And that's exactly how I go from being an employee to being an owner, founding my own companies. And it's like, once you realize, oh, this is a switch in my own head. I can flip this switch, I can control my own destiny. This is about skill acquisition. I can get better at something and I can actually get so good at something that people can't stop me from doing it. Then it's like, man, you want other people to take those ideas and run with it. But I have learned that it's a filtering mechanism. You can tell people that, you can give them the ideas and 2% of them will do something with it. It will change their life forever.

• 57:46Tom Bilyeu?

  But if you wanna get the 98%, they've gotta hear it from their parents when they're young. They've gotta see it in their entertainment when they're young, which is exactly why you and I make comic books and video games. And it's like wanting to introduce people to those ideas through entertainment when they're young. So they can be like, cool, I can be anything I wanna be and get that, what all call the American spirit back to the forefront.

• 58:06Speaker 01

  But then why people freaking out because he even said like if this isn't the life you want and this is literally what we've done in the company. We were work from home during Covid, then we came back into the office, but it was somewhat part time in the office. And then we made it mandatory for it to be full time. And we operate on that same belief of like, if this company isn't for you, there's no pressure. But this is what we need in order to build the company to have the vision that we want. And he said that. So part of me is like, I don't understand what people are freaking out on because you should be able to control your own destiny. If you want to work from home one day a week, if you want to work home full time, find the role and the company that allows that. But don't be mad at the company for putting mandatory barriers in for the sake of the survival of the company.

• 58:52Tom Bilyeu?

  Again, it's frame of reference. If you believe that companies exist to give you a soft place to land and a way to make money instead of recognizing that a company is fighting for its very survival every day, and this is your chance to join a team that's doing something that you believe in and you want to be there fighting side by side, it's just a very different mentality. And I get it, to your point, people should go where they want to go. But if you can't see the realities of what it takes to actually run a business, you're just going to approach it from a very different standpoint.

• 59:29Speaker 01

  All right, I'm going to take a very hard right because this is fascinating, but oh my God, we've got to talk about it. Life begins at an erection.

• 59:35Tom Bilyeu?

  This is, it's Ohio legislators putting this forward. They are clearly trolling. So let's just read this. Okay, Ohio lawmakers have proposed a new law that bans men from ejaculating without intent of conception would fine men up to $10,000 per ejaculation. The bill was brought forward by Democratic state reps Anita Samani and Tristan Raid. And men would be charged with a felony under the law if they engage in unprotected sex without the intent of impregnation. So.

• 1:00:09Speaker 01

  Even the last, but men would be charged $1,000 for the first offense, $5,000 for the second offense, and then $10,000. For any offense off of that.

• 1:00:16Tom Bilyeu?

  So basically a Saturday afternoon, they're they're up to 10K. Yes.

• 1:00:21Speaker 01

  You're in a lot of debt, Billy.

• 1:00:23Tom Bilyeu?

  Yeah, oh buddy, dude, I've got money, but not that much.

• 1:00:28Tom Bilyeu?

  Yeah, so this is, they're clearly just trying to get attention for something. There's no way they actually expect this to pass and become law, but they want to get people talking about it. So this is really a protest against what they see as curbing women's rights. So a bit of mind reading here, but I think it goes something like this. If you're going to say that abortion is murder, then we're going to say that ejaculation without the intent of getting somebody pregnant is murder. And that's why the, you know, sort of joke headline is conception begin or life begins with erection. So it it's funny, but is certainly something that gets at a battlefield that we have not seen the last of,

• 1:01:13Tom Bilyeu?

  which is taking abortion away from the federal government and driving it down to the state's rights. So will this make a change? I don't know. No, is the short answer. Will we continue to see the pendulum swing and abortion remain a really hot button issue? Maybe.

• 1:01:32Speaker 01

  For someone who very much supports abortion, this made me laugh. And I actually thought was serious first of all, until you were like, no, baby, they're joking. I was like, oh, okay, because obviously that is a little crazy. But I do see the somewhat analogy. It's like you can't tell me what to do with my body. I understand at the other side of it where it's like, but it's a life. But ultimately, to your point, this actually did get us to talk about it. So I think that their goal in doing that, even though it's extreme, it got the message and it's now having people to talk about it, which I think is important. Because I do think sometimes shining a mirror on the other side and be like, but this is the equivalent. Look how ridiculous this sounds. And by doing that, it then kind of, I think, makes a point.

• 1:02:16Tom Bilyeu?

  Yeah, I mean, the point that it makes is where do you mark the beginning of the life? And that that's really the big debate. I I personally think it is better at the state. I think you want people in a situation where they can vote with their feet and not have to leave the country. So for me, that's a better way to handle it. Now, I get it if you're in a state that then outlawed it, that if you're one of the people that really feel strongly that this should be legal. Hey, it's a pain in the ass to have to move state, but at least you don't have the umbrella sitting over the entire country. But yeah.

• 1:02:57Speaker 01

  Because that's now the debate, like umbrella over a whole country.

• 1:02:59Tom Bilyeu?

  Yeah, so all reversing Roe versus Wade did was say now this happens at the state level. So when you made it a federal law, you were saying a state could not deny somebody the right to have an abortion. Now you're saying you can, and many states already have. And so I get why people who believe in it are up in arms. But it's like weed, let the states decide. There's no reason that that has to be at the federal level. Now, would I be upset to see that pass at the federal level? No, because I tend to, I think that the data will back up that when you make this stuff illegal, that you just bring out criminal elements. But I I'm not opposed to that remaining at the state level.

• 1:03:39Speaker 01

  That's what I was gonna say, but where's the slippery slope? Because then you can have one state that says, yeah, murder's fine in this state.

• 1:03:45Tom Bilyeu?

  Yeah, I mean, look, you have to be careful of the, when you really go to the absurd like that, you give people a way to just brush you off. Which would be my one concern about the the law that they're proposing is it's so funny? As to be like, I'm not really taking you seriously. Now it's fun and it gets people talking. And so fair enough, in the grand scheme, there's plenty of people that are being very serious about the abortion thing, so probably not a big risk. But like, if you really want to have the discussion at the level of what should be done at the federal level and what should be done at the state level? You don't want to push it all the way to, some people might say that murder is fine. No one's gonna say that. You're not gonna have a state that says that. But start talking about something like euthanasia. Where somebody has the right to take their own life.

• 1:04:28Tom Bilyeu?

  Okay, well, do we want to see that at the federal level because we believe that every uh, everybody should be able to control their own dignity. And so when you're in a situation where you're just in chronic pain and life is totally miserable and you know, you have a nurse coming in and wiping your ass every day and you have no quality of life. Um, do we want to protect that at the federal level? Those kind of arguments, that to me feels like the same kind of discussion as abortion. It's we're talking about a life, we're talking about are they sacred, we're talking does who has the right to say yes, no, does even that person have their own right? Is abortion really about, well, uh, the fetus can't make its own decisions and so that's why we have to protect it. So yeah, it's fine euthanasia if somebody's over eighteen or whatever.

• 1:05:11Tom Bilyeu?

  Right now, it's like, okay, that's a debate, like, let's really have that debate. Which one will force people to lay out what their value system is, which I think is a huge problem in the world, full stop. Every aspect of life has a problem because people are not defining what their value system is, they are not dragging into the conscious mind into something they can articulate in a single sentence about why it should or shouldn't be. Um, and that I would love to see where people are just saying, this is why I believe this to be true. So we can have the argument at the level of the value system rather than just at the level of policy, because policy is downstream of values.

• 1:05:47Speaker 01

  Hmm, makes sense. All right, well, speaking of um decision making, there's a new chat operator that actually helps us not have to make decisions.

• 1:05:57Tom Bilyeu?

  Yes, there is.

• 1:05:58Speaker 01

  And I am seriously concerned on what this looks like in the dating world, but talk me through it.

• 1:06:05Tom Bilyeu?

  Okay, so uh, the thing that I really want to talk about is the, the AI rizzling people up. Built in AI, this is Eddie Zhu saying, built in AI that sees five moves ahead in any conversation and tells you the optimal thing to say. So this is, you can imagine from a romantic standpoint, people having a conversation uh, back and forth in chat, but it's really two people having a conversation, each with their AI representative. And so there's like this riz chess game that's being played. Uh, where people are not having real conversations. And here's the thing, I'm a huge proponent of AI. I love to see it. This is very exciting. But I think in the dating world, this is, uh, this is not going to play out as well as people think.

• 1:06:49Tom Bilyeu?

  The only way I could see this being interesting is if it's like, uh, instead of the algorithm of the, um, dating app deciding who you pair with, I could see having the AIs like communicating with each other, like running almost like war game scenarios, asking each other questions back and forth so that you could have like that sort of opening conversation with a thousand people in two minutes. And be like, these are the people who vouch for their AI representative. And the AI representatives had killer conversations. Now that could actually be interesting. And then it's like a handoff where instead of just being swipe, swipe, swipe, the AIs go, no, no, no, for real. We just had a six month conversation in 90 seconds between the two of you.

• 1:07:32Tom Bilyeu?

  You guys, there's like a real thing here. You guys should connect. In fact, as I say that out loud, that's fucking dope and somebody should do that? No, for real. Like if you know, this is just our AIs pre-vetting each other. Imagine that your AIs have a six month long conversation between the two of you in 90 seconds. Wouldn't you then be like, oh, this is cool. And then there's a handoff to you. And now the real people connect and go, hey, our AIs say that we should have a conversation. Let's meet for coffee. That would be.

• 1:08:01Speaker 01

  But that would require you doing the talking in the first place. Your AI knows who you are in order to then.

• 1:08:05Tom Bilyeu?

  Think of how much data you're kicking off all the time. Your AI will know you better than you. AI will understand your preferences better than you. Once you understand that and internalize it, but my thing is you need a handoff to the real people.

• 1:08:20Speaker 01

  Oh, well, that's also, and my mind goes to just because I've done so many episodes on relationships, psychology and psychopaths. My mind goes to the dark side of it.

• 1:08:29Tom Bilyeu?

  Yeah, that's why you have to have a handoff to the AI or to the human.

• 1:08:32Speaker 01

  But I'm saying you fake your AI into thinking you're a certain person. You're a psychopath, you're a psychopath, but hey, I'm lovely. I'm charming. Now you get matched up with someone that is vulnerable. You put in your commands, you do the talking all to so that you know you're trying to attract someone that is vulnerable that's going to fall for you. So now your AI goes, oh my God, you're a perfect match. And as a psychopath, you're like ding, ding, ding, ding. This is just giving me the perfect prey.

• 1:08:57Tom Bilyeu?

  Totally heard and understood. So I'm saying you have to hand this back off to the people. You don't go, our AI say we're a match. Let's sleep together. You go, our AI says we're a match. Let's grab coffee.

• 1:09:07Speaker 01

  Right, right.

• 1:09:08Tom Bilyeu?

  So it's gonna be, there, there is no doubt that there will be people that modulate their AI and do absolutely horrible shit. Just as they will do it in chat, they're gonna lie and tell you what they think you wanna hear. But it will give people an opportunity to vet at a really high level. As long as you don't try to advance things too far, um, you still have to see in real life. Now, hey, this is us. No more AI for real, for real. But it's just, all I'm proposing is a very sophisticated way of matching. You still have to start from scratch as you now connect with the real person.

• 1:09:46Speaker 01

  But I'm gonna, sorry.

• 1:09:48Tom Bilyeu?

  No, please.

• 1:09:48Speaker 01

  I'm gonna guess they're not gonna put regulations on it though. So to your point.

• 1:09:51Tom Bilyeu?

  Are you proposing more regulations, Bill U?

• 1:09:54Speaker 01

  So no, but I'm just, so hear me out.

• 1:09:55Tom Bilyeu?

  Yeah.

• 1:09:56Speaker 01

  So if they did that, I actually hear your point. But what I assume is, is that it's gonna keep going. It's, you've got a young girl that's 16 years old and she's got her phone and a boy's texting her. I don't know what to say. Let me use the AI. You do that over and over and over and over and over again. By the time that 16 year old gets to be 21, think about when you're driving and there's a road, uh, when someone just drives you there. You don't actually know the way. You just show up, you know, and then you're like, well, how do you get there? I've done it a hundred times, but I still don't know because I haven't done it myself. So now take that as an AI, you have this woman who has been from the age of 16 to 21 using this AI because she doesn't have the confidence. She doesn't know how to reply to boys. And so the AI is saving her, like, her own confidence, her self-esteem.

• 1:10:40Speaker 01

  And she doesn't feel insecure because she has this AI. And then you turn up on a date and you have no idea what you're doing. You don't know how to communicate. You don't know what to say.

• 1:10:49Tom Bilyeu?

  Does she leave her AR goggles at home or her AR glasses?

• 1:10:51Speaker 01

  Where does this go? At what point is it?

• 1:10:53Tom Bilyeu?

  Oh, it goes all the way.

• 1:10:53Speaker 01

  You're training people to not actually understand human behavior.

• 1:10:58Tom Bilyeu?

  Yep, their AI is going to be a mixed bag and just like calculators make it so you don't have to be able to do math in your head, just like chat GPT is going to make it so you don't have to memorize facts. All of that is true and there are going to be people that don't take the handoff from their AI and engage in the real world for sure and it will be worse for them. There is no way. This is an only up scenario. This is going to be, this is going to create a very tumultuous period, just like we went through with social media where people are getting it too young and it's creating problems. You're going to have to find out. Where exactly do the problems arise? How do you get people to take advantage of the good things but ignore the bad things? You, you cannot hand over your agency to an AI to anything. Ultimately, people still have to take responsibility for their lives.

• 1:11:43Tom Bilyeu?

  Now, I get it, a lot of people are not going to, but you, you just can't ever let anybody off the hook for running their own life. But I don't want to be denied an incredible tool because some people are unwilling to take responsibility for their lives.

• 1:11:57Speaker 01

  But you've already built your mindset and your self-esteem. That's where I go to, okay, maybe as an adult now, this coming to my life as I'm forty five. Okay, I can understand the knock on effects. I can think through it, but that's why I use the sixteen year old who hasn't developed that yet, who only is led by her own insecurities. And obviously your, your community is mainly mostly male, but the equivalent of that, men are too scared to go and ask a girl out on a date.

• 1:12:19Tom Bilyeu?

  Do you think it would be wise to say, um, anybody under the age of sixteen cannot interact with AI?

• 1:12:27Speaker 01

  Ah.

• 1:12:29Tom Bilyeu?

  This is a trap.

• 1:12:30Speaker 01

  I know, I feel the trap. That's what I was about to ask and I was like, I feel the trap at you. I know you well enough.

• 1:12:39Speaker 01

  I mean, I think that there should be regulations like that, just like with sex and voting and drinking.

• 1:12:44Tom Bilyeu?

  Okay, so no AI for you under a certain age?

• 1:12:47Speaker 01

  Yeah.

• 1:12:49Tom Bilyeu?

  Okay.

• 1:12:50Speaker 01

  Unless it's created, but now I go, well, but then it's creativity. If AI can help you be more creative.

• 1:12:55Tom Bilyeu?

  Not only that.

• 1:12:55Speaker 01

  I know.

• 1:12:56Tom Bilyeu?

  So there's gonna be a hundred percent. So imagine that you are able as the parent to train the AI. Or you're able to go, oh, Impact Theory actually publishes AI for kids age appropriate, this age to that age. And the AI sends you the information so that you have a running tally of what the teddy bear is saying to your four year old. So you know exactly what's being transmitted. You chose the algorithm yourself. Now imagine your kid who's essentially like just backwards compared to the kids that spent the intervening sixteen years with an AI that's training them and big upping their confidence and telling them they can be anything they want.

• 1:13:38Tom Bilyeu?

  And helping them gain skills and working with them. Oh, so that boy was mean to you today. Uh, this is how you could handle this in the future. Remember you selected the uh, algorithm and you get that running tally. So you're like, yeah, I approve all of this. And you, as the parent, can even sharpen it. So you say, no, no, no, don't say that. Uh, instead, say this next time. Imagine kid with no AI interaction until the age of sixteen versus a kid that has parent approved algorithms from trusted sources that they see the output. Those two kids, which one do you think is gonna do a better job in life?

• 1:14:12Speaker 01

  The one that gets their AI.

• 1:14:13Tom Bilyeu?

  For sure. So you just regulated us into the stone ages. This is what I'm talking about.

• 1:14:18Speaker 01

  I knew it was a trap, but you.

• 1:14:19Tom Bilyeu?

  There are second and third order consequences. So look, this, you don't want a free for all. You don't want people not being thoughtful, but everybody thinks that they can regulate this stuff from the top down and you can't. You have to accept a little bit of messiness in the beginning because I'm telling you right now. If you don't, China is, Estonia is, somebody somewhere is gonna be like, yo, this is our chance. We're gonna raise our kids with dope algorithms. That only make them better, that encourage healthy eating and exercise and positive self-esteem and like this constant feedback loop of we use these algorithms and the kids that use that algorithm actually do this well. And so you'll get this incredible feedback loop of these algorithms lead to this test outcomes, like all this stuff. It will be bananas. It will also be able to, oh, you'll get a feedback report from the algorithm saying,

• 1:15:04Tom Bilyeu?

  hey, you've been running this algorithm that you got from Impact Theory, the trusted source of algorithms. Uh, and. The biometrics that we're getting from your kids are fantastic in all areas except this one. Would you like to adjust it? We've seen people running this algorithm. It actually improves their, um, their sleep score, whatever. Yeah, yeah, I would like to add that in. Cool. Oh, we're now getting the biometric feedback. The kid is sleeping better. Uh, their resting heart rate is better. So you'll be able to get real time feedback that the AI will be able to integrate and say like, this is working or it's not, but you'll be able to say, these are the KPIs, key performance indicators that I care about with my child. And like, you'll get feedback. Oh, they're having a hard time falling asleep. They're waking up in the middle of the night. And now it's like, the thing that people have to worry about is

• 1:15:47Tom Bilyeu?

  that your parents are going to be too in your business. Like, that's a bigger concern. Not that the AI won't be able to make your child's life better. It will for sure, but it could also destroy your child's life. So you have to pay attention. You cannot abdicate responsibility. You've got to take ownership, top to bottom, but I'm telling you, the future, as I just laid it out, is exactly what's going to happen. There it is.

• 1:16:07Speaker 01

  All right, Billie, so I got.

• 1:16:08Tom Bilyeu?

  All right. First of all, thank you for joining me today. You are my hero for showing up. It was actually absolutely wonderful filming with you. I appreciate you standing in for Drew. Everybody, if you have not already, be sure to subscribe and we shoot live the preparation for these episodes. So if you want to join us for that, you can do so by following me on YouTube at YouTube and on Twitch at Tom Bilyeu. And did I say at YouTube? At Tom Bilyeu on YouTube, if I misspoke. All right, everybody. Until next time, be legendary. Peace.

• 1:16:45Tom Bilyeu?

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