California Election Controversy, AI Surpassing Humans, Trump Crash out on Meet The Press and Middle East Tensions Analyzed

Let’s be real—California politics has officially crossed into full-blown chaos, and my jaw is on the floor. When election drama, viral tattoo scandals, and even AI outperforming humans all happen in one week, you KNOW you need Tom and Drew breaking it down for you. In today’s episode, Tom dives right into the wild world of mail-in ballots, voter ID controversy, fraud allegations, the truth about changing trendlines—and doesn’t shy away from the emotional side of why it matters (and why everyone is wound so tight right now). Drew jumps in as always with his own boots-on-the-ground experience, calling out the difference between internet noise and “IRL” reality at the voting centers. If you want a full, unfiltered, and sometimes uncomfortably honest take on California primaries, election integrity, and why everyone loses their minds every election cycle, pull up a seat. We’re not stopping there. Tom and Drew also take you into the heart of Middle East volatility—what’s REALLY going on between Israel and Iran, how Trump positions himself in negotiations, and why we keep ending up in endless quagmires. If you want to get smarter about what’s fueling the tension, this is your go-to. Oh, and for my fellow “I-just-want-boring-politics-back” sisters: there’s a moment in here that will have you nodding so hard your earbuds fall out. Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription order Quince: Free shipping and 365-day returns at https://quince.com/impactpod Plaud: Get 10% off with code IMPACT at https://plaud.ai/impact Whatnot:Download the Whatnot app today and get free shipping on your first order. AT&T Business: Switch to AT&T Business at business.att.com http://business.att.com Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Truemed: Check your eligibility and start saving at https://truemed.com/impact Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.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: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business:see if you qualify here. https://tombilyeu.com/call: https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox:sign up here. https://tombilyeu.com/: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast,Tom Bilyeu’s Mindset Playbook https://open.spotify.com/show/47VE90Cittmo6TGGFqg2xf —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram:https://www.instagram.com/tombilyeu/ Tik Tok:https://www.tiktok.com/@tombilyeu?lang=en Twitter:https://twitter.com/tombilyeu YouTube:https://www.youtube.com/@TomBilyeu 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?

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• 1:07Speaker 01

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• 1:37Tom Bilyeu?

  Good morning, everybody. Welcome to another episode of the Tom, Bill, and you Show Live. I'm excited that you guys are here. It's been a pretty wild weekend. If you pay attention to what's going on in the elections, or to Trump, Meet the Press, or to Israel and Iran, because they were exchanging strikes. Trump told them both to chill, but they were continuing to go after each other. So we'll see if anything resembling a peace talk can actually move forward. Trump got mad as hell and stormed off the set of Meet the Press when talking about the election integrity. It started with his comments about the California election, which is looking more sus by every passing second. But the question is, is it actually sus?

• 2:21Tom Bilyeu?

  So we're going to be diving into that. Half of the S and P 500 right now is trading at more than 10x revenue. People are going to be tempted to be excited by that. You should be terrified. We're going to talk about why. The Supreme Court rules to let parents opt their kids out of lessons that they think may be damaging. I'm making up the word damaging. It's hard to encapsulate all of the stuff around that. Humans are now rating AI above humans in customer satisfaction surveys, at least according to one major one. So is it all beginning? And speaking of it's all beginning, Pump Fun is proving that the dark side of the internet is downright dystopian.

• 3:01Tom Bilyeu?

  I am very worried about that. It'll be fun to talk about, but it's pretty wild if you guys are paying attention to the tattoo drama. Over the weekend, it was wild. So yeah, there we are. All right. Shout out. We've got our sponsor with us today, Cal She. Thank you guys so much for supporting what we're doing. There's a QR code on the screen. Also, if you guys want to know what's going on, how are things polling? Like in the California race, you had Cal She and others calling it ahead of time that Nithya Ramon was going to surge, which seemed crazy, but the prediction markets got it right. So I think these guys really are super valuable in terms of getting a heartbeat of what's going on in the culture. Drew, you managed to get sick again, but you're here.

• 3:47Speaker 02

  Amen. I slept in my bed like five days the last four weeks. So my immune system is getting decimated. But we're back and just like Nithya Ramon's mail in votes, you know, just when you thought I was out, I'm back again, guys.

• 4:00Tom Bilyeu?

  You're back.

• 4:00Speaker 02

  I'm back again. I rose from the dead.

• 4:02Tom Bilyeu?

  I like it. Well, welcome back, man. It's been pretty crazy, the way that things have been going lately. The mayoral race is certainly taking over my algorithm. Now, the thing that I found interesting, so the setup for California is absolutely ridiculous. In California, you can vote without ever showing your ID. In fact, here, this makes me mad. It is illegal to ask for ID in California. So it wasn't enough to say you don't have to have it. And the difference between these two things is gigantic. There's one where, hey, you don't have to have an ID. There's a whole nother where it is illegal to ask for an ID.

• 4:42Tom Bilyeu?

  And by the way, that was a very specific change that was made to the law after Huntington Beach decided that they were going to require ID in their local elections. So then Newsom was like, we can't have that. So they changed the law to make that actually illegal. That drives me insane. Now we're seeing all hell breaking loose in the California primaries. And this is just the primaries. It has big consequences, but it is just the primaries. Trump was freaking out on Meet the Press, as I was saying earlier. The reporter just would not acknowledge his claims that the California election was being stolen in real time. She's like, what evidence do you have for that? And he was just saying it was self-evident. And we'll go through some of the data as to why people are taking this as just a self-evident fact

• 5:27Tom Bilyeu?

  that we have a problem here. Do we have a problem? I think we do. I'm not sure that it's what people claim. I'm not sure that the change is, as people are saying that this has never happened before, which isn't true. I was able to find examples of this. They might not be big examples of primary candidates, but you do see things like this happening in city elections. The big question that everybody's going to ask is, do you only see this pattern because there is fraud? That I'm not going to be able to answer for you. We are going to need some sort of audit to be done. But I want to try to, even though this winds me up, I want to try to give you guys as balanced of a take because there are ways this could happen and they are completely legal.

• 6:12Tom Bilyeu?

  Now, whether they should be legal is a different question. Now, no one should be surprised by everybody watching this all lose faith, given that you can just walk in, give a name, vote, and nobody's going to check to verify that you are who you say you are. People are not exactly going to have a hard time going, hmm. Maybe there are people that are having votes cast on their behalf that are not actually voting. Nick Shirley, I haven't seen any sort of extended thing here, but he did release a clip of him knocking on somebody's door. It says, according to the Data, the state's data, you're 126. The woman was like, I'm definitely not 126. Was the right name. It was the right address, but she wasn't 126 years old.

• 6:55Tom Bilyeu?

  He said, according to the state's data, you voted 51 times. She's like, that's also not true. So that is one small piece of anecdotal data, but you start getting this stuff. And people just start to get very unnerved, especially given that we've had four years of a wide open border. And from where I'm sitting, the most important thing, there is an incentive structure that would inspire immigrants, legal, illegal, and everywhere in between, to vote for more financial aid from the government, not less. When you look at the rate of immigrants on financial aid from the government, it is just a trend line that is up and to the right. So

• 7:35Tom Bilyeu?

  as Charlie Munger said, show me the incentives and I'll show you the outcome. So none of that is a surprise. Now, on top of all of that, it takes California forever to just count the votes, to give an answer. And so you put all of that together with a following data structure, which by the way, if you can pull up, there is, I think I said, all of the fraud complaints in one graph, something like that. So what I think people would intuit is that, yes. So if you look at your screens, you will see that. Okay. I think what people will intuit based on national elections

• 8:16Tom Bilyeu?

  is that when you have candidates, as the votes come in, a trend line appears across all of the different candidates and they tend, based on the way the averages work, they tend to just continue to get that same number of votes. So where, what you see happen with Karen Bass, okay, cool. She hits her trend line and then she just stays. But that's not what we see with either Nithya Raman or Spencer Pratt. Their trend lines are changing, meaning the later it goes with the ballots being counted, the more of the count they get. Now, you see this pattern in California voting a lot. So again, Then it's not that this is unprecedented. It is that it's the find the votes phenomenon.

• 9:01Tom Bilyeu?

  So the question becomes, is this pattern just the way that California voting works? Because we do basically exclusively mail in ballots. Eighty-five percent of Californians vote by mail, which is already weird. But it doesn't mean that it's illegal. In fact, it's not illegal. That is how California law works. So unusual compared to the way that the rest of the country works, but very normal for California. So the question is, are these trend lines what you would expect just based on the way that the California voting system works? Or is this trend line repeated in California? Because what you have is a one-party state where they can, the Democrats control all of the voting apparatus.

• 9:44Tom Bilyeu?

  And they create a scenario where this kind of fraud can happen. So the people who believe that this is fraudulent, and I will say very plainly, we, from where I'm sitting, we do not have the evidence of that. We have things that definitely weren't looking at. But I don't think anybody can truly say that we have evidence. It's unusual, but we don't have evidence that any fraud has happened. I'll talk about the two ways that this could. In fact, we're describing one of the ways that this could legally be happening. There's another one, but the legally happening thing, it's just, this is how California voters work. That the younger, more progressive people vote on the day of, like late in the day, whatever. Or they're, you know, farther away from the city centers, so it takes longer for them to come in.

• 10:28Tom Bilyeu?

  So it's possible that this is just a natural trend that you would expect in California. Okay, so put that on the table. All right, but these trend lines do not match what most people would intuit, which is that the average just plays out and it's going to hold steady. So no matter when you get your votes. That there's going to be a rough percentage that you can begin to count on as things come in. So in the beginning, it's hard to tell because you don't have enough votes. But by the time you get, say, 30 or 40% of the vote, you would expect, all right, cool. We've locked in what the percentages are going to be as a whole. And that's just going to play out across the whole thing. And we see the exact, we see that for Karen Bass. We see the exact opposite for the second and third place positions.

• 11:10Tom Bilyeu?

  So, all right, that is why people are screaming bloody murder. At least the people who don't feel their vote is being reflected. Let's be clear about that. I don't think you hear Democrats screaming that. But certainly on people that are voting for Spencer Pratt, you're going to see a lot of that freak out. So that's where, that's sort of the context in which everything is happening. Now, to make this even more weird, the whole safeguard is meant to be that you have a signature on the envelope that says, okay, cool, this really is this person voting so that you could go back, you could check everything, make sure that it's all good. By law in California, the signature does not need to be an exact match. That's already, for me, that's a little weird.

• 11:53Tom Bilyeu?

  But hey, let's presume that they're just trying to make sure that this isn't somebody trying to weaponize, oh, your signature is 4% off, and so we're going to throw it out. Election workers are instructed to presume the signature is the person's and give the benefit of the doubt. Now, that I could get behind, fine, fair enough. Now, the part that I find problematic is that there's a way for a ballot to be submitted without the voter's signature at all. Now, that for me is crazy. That's just crazy. You should not, there's no way. There's no universe in which that should be legal.

• 12:29Tom Bilyeu?

  Someone, right now, the way that it is, can sign on your behalf. So that creates the opportunity for people to ballot harvest in an illegal way. Now, ballot harvesting, believe it or not, in California is legal. So you can send a horde of people out to say, Skid Row, this is one of the accusations. I don't know that this has happened, but this is one of the accusations. That the DSA or Democrats in general, because Nithya Raman reportedly, take this as rumor and conspiracy theory right now, but reportedly has like an unexpectedly large support base in Skid Row.

• 13:12Tom Bilyeu?

  So it's very possible that you've got people going to ballot harvest in these areas. Now that's legal and so they can absolutely do that as long as those people actually are who say, who they say they are, that their vote is being counted based on who they say they are. But when you create the opportunity for them to just sign on their behalf, all of a sudden you can imagine a world where you go up to somebody who's fentanyl leaning over and you're like, hey, you wanted to vote for Nithya Raman, didn't you? And so that's where all of this becomes incendiary is people just, they're making the assumption that that's actually happening. Now, I don't think you can do that based on the data. I don't think, given that we have not proven that that's what's actually happening, that

• 13:56Tom Bilyeu?

  these trend lines have become these trend lines because of fraud. So you've got to do some sort of audit before you can start making those claims. So right now, I think people need to be very level headed and say, all right, I see a pattern that seems unusual. It's worth looking into, let's look into it. I don't think people should have the default assumption that this is fraud. Worth looking at to be sure. And certainly when you want a certain outcome and you're not getting it, I understand why people immediately leap to there must be some problem in the universe. But I think there's enough incentive structure in other ways that this could actually be just a way that California works.

• 14:39Tom Bilyeu?

  Again, we've created an incentive structure where we have a lot of immigrants who are going to be incentivized to vote for whatever party is going to promise them more free stuff that happens to be Democrats. So you put all of that together and I think that you can get to this without having to do something where somebody is printing out a ballot and just completely faking everything. So anyway, those claims are flying all over the place. I would beseech California to clean this up so that there is no look of impropriety. And sometimes this is the same way I feel about. What's going on with the Trump administration? They put themselves constantly in a position where even if nothing were being done that were improper, it looks like it.

• 15:23Tom Bilyeu?

  And you should do the exact opposite. You should put yourself in a position where it can't even look like you're doing something dodgy. Now, is Trump doing dodgy things? It certainly seems like it to me. So that was not some side door to say, oh, he's probably not doing anything. No, he probably is. I don't know that and I have evidence, but nonetheless, looks wacky. And we should avoid things that look this horrific.

• 15:48Tom Bilyeu?

  We're hitting pause for a moment, but there's plenty more ahead, so don't go anywhere.

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• 16:37Tom Bilyeu?

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• 17:23Tom Bilyeu?

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• 19:17Tom Bilyeu?

  Thanks for sticking around. Let's get right back into the action.

• 19:21Speaker 02

  You said something earlier, "Show me the incentives, I'll show you the outcomes." What incentive does Trump have ahead of a midterm where it's looking shaky? That it makes sense for him to cast out on California elections? So, a lot of times when we say, "Show me the incentives and I'll show you the outcomes", we think of the outcome that we wanted to happen, why it didn't happen, and then we find incentives on why it's a conspiracy that it didn't happen. I think it was Bustamante that said, "Sometimes it's the simplest answer that will get you the..." Sometimes it's the simplest reason that will get you the answer. So, I pull up this tweet. "Everybody who's mad about Spencer Pratt", this is like if ALC ran for governor of Alabama and lost, and we tried to argue it was fraud. Like, Spencer Pratt is a reality TV show star who's trying to run for governor, or for mayor.

• 20:07Speaker 02

  We are running that experiment right now, live, on a national level, and especially people in California aren't on page, on board. So, while the internet, which is not a real place, was very gung ho about him, in real life, the real people didn't show up. Secondly, I voted in person. I have a very complicated last name. There's a period and a space. Some systems allow periods, some systems allow space, some systems don't allow either way. So, when I went to go register, I said, "Hey, my name is Andrew Blank", they said, "Okay, cool. What's your address?" I gave them my address. "Okay, can you give me your date of birth?" I gave them my date of birth. "Okay, cool. Here you are, sir", and they gave you my ballot. I didn't need to show ID, but there was more questions. I didn't just walk in, "Hey, my name is Andrew Blank",

• 20:51Speaker 02

  "Here you go, go vote it in and fill it out and make sure you only vote for Nicki Minaj", so I just wanted to make sure like the whole voting in person, that it's illegal to ask ID, it's an open door, they're just fanning people in the voting centers in California. That's not the actual experience. I'm an old-fashioned voting person type of guy, so I can't talk about mail-in ballots, I can't talk about signature matching, but when you are in their IRL, you do have to have some type of verification, whether it's your date of birth, whether it's your address, and they match both of those together.

• 21:19Tom Bilyeu?

  So, the bad news on that is 85% of Californians vote by mail, so 15% of people would have that level of scrutiny.

• 21:27Tom Bilyeu?

  Everybody else does not.

• 21:29Speaker 02

  Going to the vote by mail thing.

• 21:32Speaker 02

  We are surprised that the person that wants to give everything away for free, your words, Nita Ra Man, she's California's Mom Donnie.

• 21:39Tom Bilyeu?

  Yep.

• 21:40Speaker 02

  Why would she get overwhelming support from a bunch of homeless people?

• 21:45Speaker 02

  I feel like that's not a Scooby Doo mystery. I feel like that's like a layup. So of course you would have support in Skid Row because they don't want to work. They want to get stuff for free. And according to Spencer Pratt, they're passing out needles and drugs, right? So why would I vote for the person that's going to stop that? I'll vote for the person that's going to give that. So I say all these things because we wanted there to be this red wave in California. And again, it was all internet driven. But when you actually are on the local level, people weren't actually voting for Spencer Pratt. People actually weren't showing up. He was throwing events. The appearance was scarce. He was, he threw an events in Watts and tried to say, I'm gonna show the black agenda that I'm here for you. Somebody interviewed him. What's your agenda for black people? Oh, I don't know. I'm just here so I can find out what it is. Do you have any ideas? Like, he wasn't killing the answers when it came to actual reporting like boots on the crown.

• 22:31Speaker 02

  So while, again, is voter ID a great idea? Yes. Should Election Day be a holiday? Yes. Should their gerrymandering be illegal in all states? Yes. I'm all for voter reform. But just this, because my person is losing, it must be cheating? I feel like we have to get past that.

• 22:49Tom Bilyeu?

  I agree with you. I think that people seeing the trends and immediately assuming that it's fraud, that's a mistake. I do think that hand waving away all the things that California has done to make it possible for voter fraud seems crazy. So to go to bat for that, or to say that that isn't stupid, or weakening the foundations of democracy, all of that to me is wildly problematic. So while I agree with you that people acting like the data is proof, I think that's a mistake because to your point.

• 23:28Tom Bilyeu?

  We are a state that votes something like five to one blue. So on that, I don't think anybody should be surprised. The thing that I think surprises people is that, not the thing that surprises people. The thing that is surprising is that we have a, um, a pattern that is atypical. And we have a structure that is atypical. And so then people start trying to explain, why would you make it illegal to ask for ID? Why would you make it possible to, um, have everybody do mail in voting? Not require the signatures to match exactly, not require the person themselves to sign. Make it a thing where you can go ballot harvest.

• 24:11Tom Bilyeu?

  I feel the same way about ballot harvesting that I feel about money in politics. It's like you make your case to the public and then you step the fuck back and you let people make their decision. When you ram money into it, you're basically running these massive, um, manipulation campaigns. And the same thing with ballot harvesting. You go up to somebody who doesn't necessarily have an opinion and you say, hey, this person's going to do a lot of good things for you. You may be a low information voter, you have no idea. And so you're like, yeah, cool, whatever, I'll just sign that off. So the odds that, and I don't want to over index on the, um, Nithya Raman doing well in Skid Row being real. I don't know that it's real. So that's like online reporting. I would rather run it as a thought experiment.

• 24:55Tom Bilyeu?

  If that thought experiment is true, do we actually think that the people on Skid Row have the wherewithal to say, you know what, I've really been weighing the issues and they're going to provide me more support. And so I'm going to vote for them. I would say the odds of that are effectively zero. This is somebody who does not have their life together in any way, shape or form. This is precisely why they're on Skid Row. The odds that they're mentally ill and or a drug addict border on a hundred percent. It's not a hundred percent, but it's going to be excruciatingly high.

• 25:27Speaker 02

  So they don't deserve to vote?

• 25:29Tom Bilyeu?

  They, that actually is a very good question. I'm not sure. I would really have to think about that. Yes. Do I want?

• 25:35Speaker 02

  Very interesting because I remember a couple of months ago, you were a proponent of the dumb voter problem. And you said that as soon as we start saying who should and shouldn't vote, that is the end of democracy.

• 25:43Tom Bilyeu?

  Correct, because I don't think people should get to decide who's dumb. I definitely think that there is a reality to be faced about mental illness. If you have schizophrenia, that's a real thing. You should not be on the streets. You should be in a hospital. Do I think that they should be going to people in mental institutions to pass out a vote card? No, I do not. So.

• 26:01Speaker 02

  If they can't afford healthcare, should they still be in the hospital or should they?

• 26:04Tom Bilyeu?

  It, yes, you're going to have to get mentally ill people off the street. So whether.

• 26:08Speaker 02

  So you're okay with free healthcare for mentally ill people in Los Angeles?

• 26:11Tom Bilyeu?

  I am very okay with putting them in effectively a prison. Yes.

• 26:17Speaker 02

  Copy that.

• 26:17Tom Bilyeu?

  I mean, you're institutionalized. You don't have the option to walk out. So.

• 26:22Speaker 02

  Felons in Florida can't vote. So that's one way that they're getting rid of it. So maybe that's something we can spread nationally that if you go to jail for whatever reason, or in institutional facilities, then you shouldn't be able to vote.

• 26:33Tom Bilyeu?

  Well, so what is the law on if you've, if you're convicted of a felony, can you still vote?

• 26:37Speaker 02

  In certain places, yes.

• 26:38Tom Bilyeu?

  But in certain places, no. Yeah. So on that one, I certainly haven't thought through it. It does not, depending on the crime, it does not immediately strike me as a bad idea, but. So the reason that I say dumb voters, I'm perfectly willing to subject myself to is because I know how that will be manipulated. But if you have been incarcerated, institutionalized, you've already gone through a process. Now, if, I mean, we're going to derail here on mental illness and all the fears that people had back in the day of being put in a hospital against your will, which does seem to be happening in Canada. There's no doubt that there are ways that can be weaponized. So I'm going to set that aside for a second. And just say that my beef is with ballot harvesting.

• 27:23Tom Bilyeu?

  So sticking straight to that, your ballot harvesting to you is like fair game?

• 27:27Speaker 02

  No, ballots harvesting is terrible.

• 27:29Tom Bilyeu?

  So I'm not quite sure what you and I are disagreeing about.

• 27:33Speaker 02

  The allegations that there's evidence for fraud.

• 27:36Tom Bilyeu?

  But I just said, people should not assume that this is evidence of fraud.

• 27:40Speaker 02

  And then you went one by one about how you don't have to vote and how they're doing certain things. That doesn't make sense and how Skid Row people have a say and how, so it's like. It's kind of like saying, I'm not saying that you should quit your job, but you're kind of bad at it. And last week you showed up late. And I know everybody talks about you, but I'm not saying that there's evidence that you should quit it. So it's like you were talking around the evidence of the fraud.

• 28:02Tom Bilyeu?

  Because that's a perfect example. I'll take that. So let's say that I tell somebody, hey, you shouldn't quit your job. However, you want to look at all these things that are making you bad at your job, making you even be in the situation where you would wonder if you should quit your job. Start addressing those. That's exactly what I'm saying here. I'm not saying that we see evidence of fraud. In fact, I would say you cannot see in these patterns whether this is fraud or not. And so acting like you can see that this is fraud is a mistake. It's going to make you start processing things emotionally. You're not getting the thing that you want. You slide into your emotions. You're now in a frame of reference that isn't grounded in reality. However, there are enough things that have weakened

• 28:45Tom Bilyeu?

  the integrity of the voting process. We should address those. And so my, what I'm saying is, dear California, stop making asinine decisions around the integrity of your elections. Because even if you're not using it to make sure the Democrats stay in power, you are nonetheless creating a lot of opportunity for people to take advantage of the situation. And so to say that we shouldn't be, like, I think everyone is a default stance, should have the base assumption that the smartest thing is to make sure that the elections are high integrity, that we know exactly who that person is, to make sure that the will of the people move forward.

• 29:29Tom Bilyeu?

  This is my dumb voter thing. What I'm saying is, I want to be subjected to the will of the people. I don't want my beliefs just, I believe it, therefore it should be ramrodded through. I do not trust myself. So I am putting that same distrust on everybody else. I'm saying, nobody should trust themselves to see the situation correctly. Everybody should say, yeah, I want to be a part of a large group that there's going to be wisdom in the masses, but we have to get the incentive structure right because people will follow their incentives. So that, but we're going to debate everything out in the open. Then we're going to make sure that we have laws around who can vote, how we protect and make sure that they are the only ones voting, that the vote is happening in the right way.

• 30:11Tom Bilyeu?

  So that if I lose, I know that, cool, this was the very thing that I wanted. I wanted to be a part of a democracy. I do not want authoritarian rule. And so, yeah, cool, I lost, fair enough. And that, to me, I think everybody should feel good about. I was on the losing side, but I lost fair and square. What I'm saying is, they, the way that California structures the actual act of voting, it has made it possible, not only possible, it has made it very easy for people to defraud the system. And I don't know why you would ever make those decisions unless you want, unless you're dumb and you actually can't see the problems that you're creating, or you want those problems.

• 30:56Tom Bilyeu?

  So I don't think they're dumb. I think that they see the problems that they're creating and I want to see them shore that up. So that would be, that is my direct call.

• 31:09Speaker 02

  Copy. Pulling up the Kelsey trade of the week now. They have Karen Bass at a 57% chance of winning versus Nitya Raman at 40%. She is still getting the surge and again, this is the primary. They do have to do a part two for the actual election. If it's a, if what we see now stands, it's Bass versus Ramen, who do you think is actually going to take it?

• 31:29Tom Bilyeu?

  I would assume Bass, but when you look at Nitya Ramen, she's got that DSA energy. It is very possible that, just like we saw in New York, if she's a charismatic enough candidate, that she could come from behind.

• 31:46Tom Bilyeu?

  I don't know where um Mom Donnie was at this same time if he had to come back from a crazy deficit like she is uh but look Bass has the um she is the incumbent so that's obviously she's got a lot of energy with that behind her uh but I really think that the future of the Democrat Party is the DSA much to my dismay so we'll see.

• 32:12Speaker 02

  I'm trying to find her campaign ad did you guys see it where she just keeps walking? It's just cut scenes of her walking up steps, down steps, walking left, walk right. Have you seen it?

• 32:20Speaker 03

  No.

• 32:21Speaker 02

  I'm just like where you go it it's it's uh.

• 32:23Tom Bilyeu?

  Well, so the that playbook is actually smart. So it's when you um this is something I should be saying directly to Ryan. When you're cutting clips, you want the person to be moving. It's just the visual engagement locks people in. So what I see when I look at that is the DSA is very socially savvy, very socially savvy. And when they get the right candidates, they're just uh they're just better at campaigning than.

• 32:47Speaker 02

  No, but when I tell you the entire ad is just her walking like it's but it's like she's walking in different places and it's.

• 32:53Tom Bilyeu?

  So you're saying they're doing it badly. It's not an accident. I assure you of that.

• 32:57Speaker 02

  It's like a caricature almost because it's like walking up steps, walking down steps, walking left and it's like I'm gonna do this.

• 33:03Tom Bilyeu?

  You don't feel that way when you look at Mom Donnie's stuff?

• 33:05Speaker 02

  Mom Donnie's stuff is to me, he's like stationed. I'm thinking of the.

• 33:09Tom Bilyeu?

  He's always coming around a corner, stepping down off of something.

• 33:12Speaker 02

  The budget thing when he was in like the library and he like opened the thing and it found so it was like I've seen other iterations of it.

• 33:19Tom Bilyeu?

  Got it. He's more subtle. To me, he's a not a caricature because I I will do this same stuff. When I was actively recording ads for ITU, the team would be like, yo, we did that one video. You came walking around a corner and it just absolutely crushed. And so for a while it was like me getting up, me walking me and so it I totally understand the social media of it all. It is very effective. It feels weird and I hated doing it, but nonetheless, it's effective. So I've got no beef with that. If they're gonna outplay and outperform, then that just is what it is. And if the right doesn't get their shit together and learn how to make good content, they will lose just on content alone. So that that's whatever.

• 34:02Speaker 02

  Yeah. Uh, all right. I feel like we got the LA mayor race. I don't know if there's any other thing.

• 34:09Tom Bilyeu?

  Is there anything big in chat that we should address before we move on?

• 34:11Speaker 03

  Not really, no. Nothing crazy for this one.

• 34:14Speaker 02

  Um, cool. We gotta talk about the renewed beef between Israel and Iran.

• 34:18Tom Bilyeu?

  Yeah.

• 34:19Speaker 02

  Clapped back, then re-clapped, then clapped again. Um, this has to do with Hezbollah, Beirut. Set this table for us, Tom.

• 34:26Tom Bilyeu?

  The situation in Iran erupted into violence again over the weekend as Israel and Iran returned to directly attacking each other. Now, this is the first time the two have traded direct fire since the ceasefire in April began, but now they are legit back at it. It started in Lebanon. Israeli warplanes struck the southern suburbs of Beirut. They said it was retaliation for Hezbollah firing towards northern Israel, but Iran wasn't having it. So they answered with their own attacks, which they have said multiple times in the negotiations that, hey, I get it. You guys don't want what Israel is doing in Iran to be a part of the negotiations, but it is. And so if they keep going, we are going to

• 35:08Tom Bilyeu?

  strike. So they did multiple barrages of ballistic missiles aimed straight at Israel. Trump got on the phone, told Netanyahu within hours, just calm the fuck down, do not retaliate. And endlessly tried to remind everybody that Trump calls the shots. He said that over and over and Netanyahu doesn't call the shots. He sounds so ridiculous when he says that stuff, but nonetheless, he does over and over. So his message to all sides was just, look, come back to the table. Come back to the table. I think one of his things was, okay, you shot your rockets. Now come back to the table. I have to say for as ridiculous as Trump has come across in these negotiations to me, he actually is, when it comes to that, like he is single-mindedly focused on getting the deal done. So it's like, yeah, yeah, yeah.

• 35:52Tom Bilyeu?

  Okay. Yes. You guys just blew each other up a little bit, but let's forget about it. Come back to the table. Uh, from that perspective, he does try to keep people out of their emotions, which that part I like a lot. Whether he's going to be able to do it though, in the grand scheme. Does not look good. We will see by Monday, Iran's armed forces announced they were ending military operations against Israel. They just came out and said it. So you've got Trump screaming, telling them both to get back to the table. And at least Iran is saying, all right, cool. We shot our shot. Now we are ready to come back to the table. But if you look a little bit closer, Tehran has still tied the staying in a ceasefire position is completely conditional.

• 36:34Tom Bilyeu?

  Israel has to stay out of Lebanon. I've seen reports, although I don't know the veracity of them, that Israel is still planning to go after Hezbollah in Lebanon. So we'll see if they cross that line, then Iran is promising that they're going to, and this is a quote, deliver harsher and more devastating attacks. So are we actually getting closer to a peace deal? That I don't know. I kind of doubt that we're actually moving towards anything that would even remotely resemble a peace deal. But we'll see how it plays out. Trump told Israel to chill. They said they're chilling specifically at Trump's request. So people are saying the right things, but there is this large looming question of whether or not we're actually going

• 37:18Tom Bilyeu?

  to be able to get it over the finish line. Trump has said so many times that we're close to a deal, and then you just get this fire back and forth, that it seems very unlikely. Oh, also, as a bonus, you've got the Houthis saying they are now that they have now, not going to in the future, but have now closed the Red Sea. So we'll see if that holds.

• 37:41Tom Bilyeu?

  We're hitting pause for a moment, but there's plenty more ahead, so don't go anywhere.

• 37:47Tom Bilyeu?

  Thanks for sticking around. Let's get right back into the action.

• 37:51Speaker 02

  I'm trying to navigate everything that's going on. It seems like this is just circular at this point, and I'm trying not to just turn my brain off and other the entire like Iranian war, but I thought we were done, but we're not done. And then is this Israel being the aggressor again? I don't want to sound anti-Semitic and criticize Israel's foreign policy, but

• 38:14Tom Bilyeu?

  It's a safe space, Drew.

• 38:15Speaker 02

  You know, then now Iran is stepping up again. So it's one of those things where it's like, can we actually trust that Israel wants a deal done?

• 38:23Tom Bilyeu?

  Hell, no. That come fast enough?

• 38:26Speaker 02

  Yeah.

• 38:27Tom Bilyeu?

  Yeah. So I don't think the only person that you can trust actually wants to get a deal is Trump. I don't know that Iran wants a deal. In fact, I'll say they probably don't. Uh, I don't know that Israel wants a deal. In fact, I'll say they probably don't. I think that Israel, okay, I'm mind reading, so the odds of this being right are virtually zero, but let's see if I can get the direction correct. I think there really is a desire for the Greater Israel Project. If for no other reason than they don't want to get attacked anymore. They know that they're stronger and if they could just do an all out military campaign and just fucking kill everybody, they would win. The problem is, as I've said many times in the show, every country is constrained by international opinion because it ends up affecting trade and sanctions and things like that.

• 39:11Tom Bilyeu?

  Uh, and in the case of Israel, their ability to acquire weapons and their internal moral compass. And so Israel has that battle inside where they've got people that are like inside the country saying, uh, the Likud party is a bunch of maniac criminals. We've got to fucking arrest Netanyahu, put him in prison forever and ever. And so Israel is not a monolith, as you would expect. Now, I've seen all the same reports that there is a ton of support for them to be far more aggressive and cool. But the reality is that they're not a monolith. They're not just going to be able to move forward even from within their own country. But internationally, they've completely lost support. Like it's just dead and gone. If you're young, even in the US, you have turned against Israel.

• 39:56Tom Bilyeu?

  Other countries were already against Israel. So these guys are just further and further isolating themselves. And thank the Lord that we have entered a new era where we don't get total war, that the interconnectedness of the globe, the desire to trade with a lot of people who may not be your allies, keep people from going the kind of crazy that humans have tended to go to historically. Uh, I for one am very happy to see that we don't do total war. But not being able to do total war creates this weird shit that we see right now, uh, going on between us and Iran, between Iran and Israel, between Hezbollah and Israel, Israel and Hezbollah, Hezbollah triggering Israel to fight Iran.

• 40:40Tom Bilyeu?

  Like it, you just see this madness where it's like, well, I'm going to do as much as I can without then spilling over into some new era of hatred. It's fucking crazy. So I don't expect this to clean up anytime soon because Here's what used to happen. It ended in World War II. But what used to happen was you killed somebody so dead that they finally just said, okay, we give up. Look at what happened to the Nazis, obviously killed them so dead. Hitler goes into a bunker, it's like, fuck, they're gonna get me, so I'm just gonna kill myself or escape to Argentina, whichever story you want to believe. Then you've got Japan. It was like, those motherfuckers were so hardcore. Boys and girls, do yourself a favor, research Japan, especially post-World War II.

• 41:22Tom Bilyeu?

  Anyway, I digress. They were so hardcore that they would like suicide themselves to stop from just being taken. So as we're trying to like clear the beaches in Japan, it becomes a total shit show. You get our guy Truman decides, ah, fuck this. We're just gonna drop nukes on them. One nuke didn't do it. They still didn't surrender. We had to nuke them again, but that's total war. That's hundreds of thousands of people killed with a single bomb. And finally, people go, fuck, I don't want to keep doing this. And so they quit with no conditions whatsoever. Then, because they have to totally concede defeat,

• 42:03Tom Bilyeu?

  then you can go in, occupy, help them rebuild and move forward. And we got on the other side of World War II. But after that, we all said, and again, thank God, that we're not gonna do that shit anymore. And so we don't ever want to see something like that play out again. And so far, we have held to that. But it does create this other thing, which is these much lower casualties, which is why we should all be very happy. But it drags on for extraordinary lengths of time. And so here we are.

• 42:38Speaker 02

  Kay in the chat asked, is this officially a quagmire? Something that we can't get in? Because it seems like you just said Israel doesn't want to deal, Iran doesn't want to deal. Trump seems to be the only one who wants to deal.

• 42:47Tom Bilyeu?

  You will be in a quagmire forever if you take total war off the table. Which, thank God, quagmires are way better than total war. But, ooh buddy, are they not fun? And so the bad news is, the way that humans work, you either have to show them how to get rich with you, Abraham Accords, and then you can find peace because people just love being rich. Or you have to kill them so dead that they don't want to fight anymore. And we all agree that's a moral monstrosity and we don't want to end up back there. Other than that, you get the third option, which seems to be the most likely, is that you end up in this Quagmire where it's either asymmetrical warfare with a, depending on

• 43:30Tom Bilyeu?

  how you want to paint Gaza, a open-air prison camp, a concentration camp, whatever, whatever, it's obviously not a good thing. But you get that, where you have this stalemate, where you have a civilization that's basically stuck in time, and the only way for them to move forward would be to go, "We're gonna raise the next generation to let go of all the grudges and just move forward." And so what we're gonna do is, we're gonna show Israel, "Israel, we want to have economic relationships with you. We understand that you have a long list of reasons not to trust us. We have a long list of reasons not to trust you, but we're still just gonna move forward. Just, this is all about economics.

• 44:13Tom Bilyeu?

  And so, let's put a plan together on how we earn trust and get our way out of this. And then never abuse that trust, not even once. And then you would get on the other side of this. That's not human. Humans don't do that. And so, at scale, just, it's a done deal. Never gonna happen." Now, are there also confounding variables along religious lines that make it even less likely? Maybe, but it's like, I don't even think you have to get there. I just don't think humans are prone to doing that. And so, you're gonna end up in this situation. Somebody has to, like, extend the trust first and say that we're gonna build something economic, and then the other side has to reciprocate. If nobody takes the lead, or they take the lead and don't get reciprocation, you will forever be stuck in this. And so,

• 44:56Tom Bilyeu?

  the only way out of this is either total warfare, or the situation I just laid out. And they actually just finally one day are like, "Yeah, fuck it. Like, let's move forward."

• 45:06Speaker 02

  Yeah. Have you heard reports that the Pentagon is raising concerns about Israelis' counterintelligence? They're surveying, like, US officials?

• 45:15Tom Bilyeu?

  That's been going on forever. So every country surveils every other country.

• 45:21Tom Bilyeu?

  The US is doing it to everybody that they can. Israel, everybody, everybody. Like they, dude, every country that can has all of your data at all times in the off chance that you might do something down the road and they need to leverage it against you. Make no mistake, they are only throttled by what they're able to do. They are not throttled on that one, they're not throttled by morality because everybody hides behind, well, we have to do this to protect ourselves.

• 45:49Speaker 02

  But is that a bit concerning being on the back of we officially announced a partnership with the Israeli military?

• 45:55Tom Bilyeu?

  It depends on how we're, I don't know enough about that situation, but given how I know the internets, uh, the way that the internet freaks out is they make it sound like, um, we're just right there. There's an Israeli person telling Trump, go blow this up. Uh, that there's Israeli leadership taking our troops and running sorties. There's no way that's what's happening. They're not in some secret vault inside of the Pentagon with access to everything. Now, are we doing something to more highly coordinate? And again, I want, before I even finish that sentence, I have not looked closely at this. It is entirely possible. I look at it and then I'm just mortified. But I just, the odds of that are

• 46:34Tom Bilyeu?

  very, very low. So, um, I do think it is telling and America should be very thoughtful that literally the week that we're doing something to have some sort of more tightly integrated relationship with the Israeli army, we're at the same time having Netanyahu just do whatever the fuck he wants, even though Trump is telling him to knock it off. So think through that before you start giving people too many access codes. Uh, so that's why I doubt very much that we are in like some super, super integrated thing. But full disclosure, my take on all of this is not that.

• 47:14Tom Bilyeu?

  Israel is some uber like powerful god of a nation that controls the whole world. That is not my frame of reference. I know that's becoming a decreasingly shared frame of reference. So, but that is my frame of reference. I don't think that they are god tier.

• 47:32Speaker 02

  Yeah, I mean, it's, it's one thing to say, yes, all countries spy on each other and stuff like that. That's valid, that's true. But it's another thing that we are also providing the military aid to spy on ourselves. So when the espionage espionage espionage level is the same as our enemies and then we cut them a check. That's where I'm like, this might be something here.

• 47:51Tom Bilyeu?

  This is my Putin shows up and tells you the, sorry, not Putin shows up. That men in black suits show up and tell you this is how the world really works. And I think everybody gets that cold splash of water. And when you're, let's say you want to take the moral high ground on that. And so you go to Israel and you say, hey, we just found out that you guys are spying on us. And then Israel goes, yeah, bitch, we've got a whole laundry list of all the people you have spying on us. And so it's the one thing where it's just like, yeah, you don't really go there because you both know you're doing it to each other. Now, if you catch them, you obviously have to say something, but unless keeping it a secret works better for you. But that it, that one is that stalemate of everybody's doing it to everybody else.

• 48:33Tom Bilyeu?

  Every time it gets talked about, it's going to sound horrific and absolutely grotesque. And by the way, it is horrific and grotesque, but it is what humans do. So on that one, you're never going to see that come to a head, I don't think, because everybody would have to stop doing it. It, it is game theory. This is why I want to sit Bernie Sanders down and be like, do you know what game theory is? Because when he's going on and on about the need to stop developing AI. It's like, bro, you do understand the countries will say, yeah, yeah, yeah, we sign up as well. And then they don't adhere to it. So it's like, yeah, I don't understand.

• 49:12Tom Bilyeu?

  So anyway, that one, it, the reason it will never come to a head is, uh, everyone does it. Everyone would have to stop and game theory tells you they'll say they're going to stop and not stop. And so everyone just keeps doing it. And so you're back where you started, which is everyone says, no, no, no, we would never do that. That's horrible. And everyone does it anyway.

• 49:31Speaker 02

  Trump has a different, had different like iterations through this war. It was bomb them to the stone ages. I just want to make a deal. People revolt. Uh, we're gonna take the, uh, Car, Carig Island. Do you think there's a certain, like, Trump needs to kind of shift gears and say, okay, the whole let's make a deal thing isn't working. I need to be bad man now. Or is there anything that you would like to see more of Trump, um, in this moment?

• 49:53Tom Bilyeu?

  I think Trump is startlingly consistent and people just don't map him at the level of what he's consistent at. He's gonna say and do whatever he has to say and do to get the deal done. He will only do a deal that is in his best interest personally. And as long as that's aligned with the US, then the US will, um, at least have somebody that's trying to do the thing to, um, get the deal done. The problem is, he overestimates, um, America's strength. He overestimates everybody's willingness to do what he says. He certainly overestimates people's, um, he thinks that people have his frame of reference and he is routinely confused by people who act in a way that he wouldn't act in their same situation.

• 50:37Tom Bilyeu?

  But you put all that together and he is consistent. So if he needs to say, um, I'm all for war to get what he wants, he'll say I'm all for war. If he needs to immediately about face and say, I've never said I'm about war. You guys are misreading me. Um, if that's what he has to say to get what he wants, then that's what he's going to say. Like, he, he is so consistent. He is trying to get the deal done. He will lie, he will cheat, he will steal, he will bomb, he will kill, all of it. Uh, that is, he, he is very consistent. Now, if he doesn't need to do any of that to get what he wants, he won't. I think he actually doesn't like to see people die. He'll do it because he is gonna get what he wants or attempt to get what he wants before he'll like protect all of that.

• 51:22Tom Bilyeu?

  But I think he actually does, like, as a third or fourth thing on his list is really like, I don't like to see people die. I really, that is very distressing to me. I'm gonna do it because I have to to get what I want, but I don't feel good about it. And so I'm never looking at Trump being like, uh, wow, you're suddenly a different person. I look at Trump and go, oh, fuck. Like, you've got a, just a bout face on that thing that I actually really liked because now to get what you want, you've got to do said other thing? That sucks.

• 51:53Speaker 02

  Okay, so which the, which one of the about faces, I guess, would you would like to see him lead with in this?

• 51:58Tom Bilyeu?

  No New Wars was dope. He should have stuck with No New Wars. And now we're in a war and that's what he, now, I don't know what the intel was. Uh, and so is it possible that I would have looked at the intel and gone, ooh, Iran really is about to get a nuclear weapon and we really do have to step in. But the way they muddled that announcement leads me to believe it wasn't that clean. And so then I'm like, well, then I don't know why we're doing it. I'm not saying there isn't a reason, I'm just saying, I can paint you one. It's really distressing. It's almost entirely economic. It has everything to do with getting the GCC countries to invest in the US. Has everything to do with the New World Order and Trump wanting to control the Middle East, wanting the US

• 52:40Tom Bilyeu?

  to, uh, control the Middle East. And the thing is, on a chessboard, it's a great move. Like, if we go back, and I understand how this stuff drifts over time. But if you go back to what my take was at the beginning of this, I still think it is what was going on at the beginning, which is, ah, rising China, we're gonna have to let go of that sphere of influence. The US is a declining superpower. How do we shore that up? We shore it up by acknowledging that we are a financialized nation. That is the thing that we do well. And the GCC has been able to accumulate base, some ungodly percentage of the world's wealth. Um, again, at one point when I looked at this, it was like seven of the largest, um,

• 53:25Tom Bilyeu?

  like, funds with funds under management were in the Middle East, in, in, not just Middle East, Abu Dhabi specifically, if I remember correctly. And so Trump, being somebody who's plugged into international capital, goes, okay, the US is a financialized nation. We've got to have some way to combat China's rise, which is now the manufacturers of the world. So, cool, I'm gonna go broker peace deal. Goes and does the Abraham Accords. He's trying to normalize all of that to get all of the Middle East behind him. Iran has been pissing him off since the eighties. So he's like, uh, basically fuck these kids. They're on his shit list, but if he can get an economic deal done, he will. Starts building up troops to let them know, hey, new sheriff's in town. You need to acquiesce. They don't because he does not understand that they don't think like he thinks.

• 54:11Tom Bilyeu?

  And so now he's essentially bluffing, but he knows he'll actually go through with it. But he's like bluffing, bluffing, bluffing. He's coming off the back of what he did in Venezuela. He's trying to get the economics from the GCC to pump our tech sector. He can see what AI could become, but he needs the GCC dollars to build out the infrastructure. Like when you map it according to that, it all like every puzzle piece clicks into place. The problem is he just did not understand what Iran was prepared to do. And so I've been fucking saying this since the second I heard it. The moment Steve Witkoff said, I don't understand why they won't capitulate. I was like, uh oh, we're in fucking trouble. These guys are mapping them. I say this to my wife all the time.

• 54:55Tom Bilyeu?

  Lisa will get mad at me because I say something and I will say, you're mad because of what those words would mean if you said them. But they don't mean that when I say them. This is what I mean when I say it. So now step inside my shoes, assume I'm not lying to you. Now, do you see why when I say that it does not carry the same weight, connotations, all that of when you say that? Yes, cool. And oftentimes we can diffuse the situation by, I'll go to her and say, hey, that thing you said, if I said it, it would mean this. What did it mean when you said it? Oh, cool shit. I, okay, I didn't have that frame of reference. Now I get it. He can't do that. And so he goes, builds up the fucking military and is just assuming that, yeah, if somebody did that to me, this is how I would respond.

• 55:41Tom Bilyeu?

  And when they do the exact opposite, he cannot build the, the mental model of where they're at. And so he then makes a mistake and he just thinks I'm going to overwhelm them with what I'll call World War Two military methodologies. That doesn't work anymore. And so they're just like, yeah, we're, we're not going down like that. And then again, I'll layer the religious component on this, which carries some weight, could be a lot of weight. But it's enough weight that if you can't map to it, then you're going to be eternally confused.

• 56:13Speaker 02

  Man, definitely gives them the cover story for sure. All right, we got to talk about Donald Trump crashing out on Meet the Press where he got up and stormed out.

• 56:20Tom Bilyeu?

  This is wild. You got to play the end where they start talking about the election. This is, so let me preface this by saying.

• 56:29Tom Bilyeu?

  Don't, don't be like Trump in this moment. This is somebody whose intuition is telling him something. And he is so convinced that his intuition is right, that he is completely closed minded to there being other solutions, other answers. And as Drew was talking about with the elections, there are explanations other than fraud. And if you do not open your mind to that, you may find yourself getting surprised over and over and over and over because you're not addressing the real problem. Now, again, I've made my position very clear. I think that they've created a situation where if there isn't fraud, I would be beside myself with shock. I did a whole deep dive on this. I believe that there is fraud, we need to find it.

• 57:14Tom Bilyeu?

  I'm just saying the things that we see playing out in the election right now isn't proof of that. And so people acting like those trend lines are proof of that are gonna stay at this level of just like bitching about the wrong thing. You need to go in, you need to audit this stuff, you need to get the Supreme Court to pass laws that stop certain things from happening. Now, remember, you're gonna do it as a matter of policy. And if you think of it as, how would I want my own party restrained if we were in power? Put those laws in place because they will one day be used against you. And so, right now, that's not what you're about to see.

• 57:57Tom Bilyeu?

  What you're about to see is Trump taking a feeling and pushing it forward as if it's fact, and the reporter gives him like three or four chances. She's like, what evidence do you have? He goes ad hominem, so just do not let this be you in real life. I understand that really strong emotional reaction to this thing must be true. For the same reason that I say all the time, the thing that I worry about developing a blind spot on the most is Mamdani. That is the one where I am constantly checking myself to see like, okay, is this just me caught up in my emotions or am I still following cause and effect? That is what anybody should do in this moment. Trump has a lot of emotion that just make him utter convinced that he is right that the election was stolen from him that this election is just

• 58:41Tom Bilyeu?

  another example of that. Cool. You've got a hypothesis, but now how are you going to actually get in and look at that? You should set a fail state. So if I go in and I audit and I see the following things and I will believe that we simply lost the election. So that you know going into it, what that looks like. If there is no fail state that no matter what you find, you are still going to be convinced, then you are locked in your frame of reference. You're not going to be able to escape that trap. So, all right, with that, let's take a look at this clip.

• 59:13Speaker 04

  Do you think it's appropriate that they have an election and five days later, they're nowhere close to picking a winner?

• 59:19Speaker 05

  State and local officials acknowledge they are slow. They're urging

• 59:22Speaker 04

  No, they're crooked.

• 59:23Speaker 05

  They're urging the votes to be counted quickly. That's how they vote in California.

• 59:27Speaker 04

  They're crooked, just like you're crooked. Your press is crooked and meet the press is crooked.

• 59:30Speaker 05

  To be fair, I'm not crooked, but let's

• 59:32Speaker 04

  Really? Well, you play right into their hands then.

• 59:34Speaker 05

  Let's continue.

• 59:34Speaker 04

  You're either crooked or you're

• 59:35Tom Bilyeu?

  Uh, let's say that even if she quote unquote plays right into their hands, that doesn't make her crooked. And so this is why I hate a populist moment. There will come a day, by the way, where this, it may be 100 years from now, but there will come a day where that will just be seen as absurd, that you would dialogue in that way, emotionally inflammatory, going on the attack, not being what we call presidential, where there's like a certain level of decorum that is just completely absent. Now, I want to remind everybody, he is not creating that moment. He is a product of the fact that we are already in that moment. Uh, we get in that moment for economic

• 1:00:16Tom Bilyeu?

  reasons that I won't derail us on now. But like, he, he switches so effortlessly that if you love him, you just go on the switch with him because it all feels so true. But as a reminder, dots, or sorry, feelings make dots feel like they connect that don't actually connect. Okay? So just because you feel something doesn't mean that it's actually true. Uh, and then if you already hate him, you're not trying to figure out why do so many people on the right feel that this is true? What is triggering that? And is there A there there. If there's not a there there, how do we defuse the emotional bomb? Because you don't want the other side. This is how I feel about socialism and communism.

• 1:01:00Tom Bilyeu?

  There is something that is making people feel like that solution is correct. I want to know what that actual thing is, so that we can address that actual thing. Because that leads to somewhere so nightmarish that I don't want that for them. I don't want to be like in it being like, see, I told you so. Like, I don't want to escape to Singapore and then laugh as people on the left have to deal with the murderous reality of socialism and communism. That's not fun for me. That's not interesting. No matter what ends up happening in my life, if I'm safe on the moon or Mars or whatever, like, that's not interesting. So, the goal is to figure out, ah, what's the underlying thing that's causing this emotion? To put that off ends up being a problem. I'll say this is also very good advice for your marriage.

• 1:01:43Tom Bilyeu?

  If your spouse, significant other, is absolutely derailing emotionally, and you're just like, huh, they're being illogical right now, and I'm just gonna stand ten toes down and be like, you're not being rational, and therefore I'm just gonna keep pushing forward. You're going to either be in an absolutely horrific, loveless relationship, or that relationship is going to end. If, on the other hand, you go, why does this person feel like this? I need to find my path to this, to understanding that. A gigantic breakthrough awaits on the other side. So, anyway, he's not doing that, and let's keep going, because it gets more fun.

• 1:02:18Speaker 04

  Stupid. You play right into their hands with this crap. You know that these elections are rigged. Your network knows that they're rigged. You know that I won an election in a landslide, and I got 94% bad press.

• 1:02:33Speaker 05

  But Mr. President, you've never presented-

• 1:02:35Speaker 04

  Because you have no credibility.

• 1:02:37Speaker 05

  But you've never presented evidence that it was rigged. Let's keep talking about, I want to talk about Todd.

• 1:02:40Speaker 04

  You have more evidence, there's more evidence than ever presented.

• 1:02:45Speaker 05

  Let's talk about-

• 1:02:46Speaker 04

  Your elections in this country, we're like a third world country.

• 1:02:49Speaker 05

  But so-

• 1:02:49Speaker 04

  Your elections are crooked, and you're crooked, and Meet the Press is crooked.

• 1:02:53Speaker 05

  But Mr. President-

• 1:02:54Speaker 04

  And so is ABC, and CBS, and CNN.

• 1:02:58Speaker 05

  But Mr. President.

• 1:02:58Speaker 04

  Your one-sided crooked network. Let's call it quits because I've had enough. Thank you, darling. Have a good time.

• 1:03:04Speaker 05

  Mr. President, let's please, I traveled all the way to Wisconsin.

• 1:03:07Speaker 04

  I've sat in the rain with you.

• 1:03:09Speaker 05

  I know.

• 1:03:10Speaker 04

  I've sat in the rain with you for an hour. On and off in the rain, and I've given you enough time. You want to straighten out your press because you know what?

• 1:03:17Speaker 05

  Mr. President.

• 1:03:18Speaker 04

  A country can never be great with a dishonest press.

• 1:03:21Speaker 05

  Listen, we traveled all the way to Wisconsin.

• 1:03:23Tom Bilyeu?

  Now, listen, I will give him that the press is unhinged when it comes to reporting him. There's no doubt about that. There's no doubt that the quote-unquote mainstream media is really left-leaning. So I understand that he's got beef with all of that. However, this is somebody who's clearly having a very emotional reaction and not sticking to the facts. What you need is somebody that can be calm, cool, and collected and just walk you through the data. And if he had data, that would be very easy. But as far as I know, we don't have data to back up the stolen election hypothesis. We got vibes, but we don't have data. And by the way, if somebody in chat is like, "What the fuck?", we have all kinds of data.

• 1:04:06Tom Bilyeu?

  Send it to me because Trump is not doing a good job of stating, saying what the data is. And so I'm perfectly happy to go down that rabbit hole only to find that there is hard evidence. But I certainly have not seen it.

• 1:04:21Speaker 02

  It's, it's, I'm trying to just, I don't even know where to start. Because.

• 1:04:26Tom Bilyeu?

  When you sing, you begin with do, re, mi.

• 1:04:30Speaker 02

  Like, April in the chat, I think, like, encapsulated it the best. She was just like, "I miss boring politics." And it's like, Trump stormed off of that interview. I can understand if she tried to get a gotcha with an Epstein question. I can understand if she accused him of being something he wasn't, but...

• 1:04:47Tom Bilyeu?

  But even that, can't we both agree that's still dumb?

• 1:04:49Speaker 02

  Like, yes, but at least it's like, that's a personal attack. Like, you know, that's an integrity thing, but like...

• 1:04:54Tom Bilyeu?

  But...

• 1:04:54Speaker 02

  You're mad, and then he's saying your elections, like, it's not his, like, he's in charge of the country. Isn't it your elections too? So it's, it's very, you're crooked, they're crooked, he's crooked, like, CBS just paid you. Like, they're literally trying to change reporter. I want to talk about that story too. That CBS story is crazy. So it was like, I don't under, I just don't get it in how people are like, "Yep, you did it, Trump." Go like, I don't understand how to put these two, like, how to square that circle.

• 1:05:19Tom Bilyeu?

  I will square that circle.

• 1:05:20Speaker 02

  Please.

• 1:05:21Tom Bilyeu?

  So it goes like this. In a moment like this, the populace feels very insecure. They're not sure where their next meal is coming from. They feel like their country is going to hell in a way that is outright dangerous. Both sides feel this. And when you're feeling like that, you're looking for shelter. Like, we as humans have this extremely strong impulse, get safe. This is why the game Minecraft works. You drop somebody into an environment, it turns hostile at night, and you suddenly are like, fuck, I have to find a way to protect myself. Like, the game designers don't have to tell you anything. And they literally don't.

• 1:06:06Tom Bilyeu?

  And your impulse is just, I have to find a way to get safe. And so, once you're in that, you're looking for numbers. Are there other people here that could help me? Like, if you're in a crowd of people and you're being attacked, the first thing anybody's gonna do is call for help. And so, it's just ingrained in us because it is the winning strategy. Get other people to join you, to be on your aid, outnumber the other side. It's way, way, way safer. And so, in that, your feelings get you to take the right actions. You're scared, stay there, get very aggressive in getting help, mob up, turn, attack. Now, we don't like the feeling of weakness, and so we will transmute that into anger. It is a really cool thing that our brains give us.

• 1:06:50Tom Bilyeu?

  It's called the psychological immune system, and its job is to stop us from being paralyzed. And so, it's like, hey, hey, hey, you're gonna win this. Even if that's delusion, you're gonna win, you got this, let's go. But you're gonna have to attack all these other people. You're gonna have to take them down. And so, that's why you get there, because the populace feels like that for economic reasons, but they feel like that, they team up. They know being on a team is much safer. And by the way, it actually is safer. So they are correct. And so, now we're team ball. Now, when you're in team ball and you go to vote for somebody, you're only gonna vote for the person that's like, I'm on your team, fuck these kids, I'm gonna go get them. And then you're like, yes, I want, this is why they call it the strong man.

• 1:07:33Tom Bilyeu?

  I wanna vote for a strong man who's gonna go slap the other side around. Because remember, Even if people don't articulate it like this, it starts to feel existential. Like, I may actually die. My side may die. Like, a very, very bad thing is gonna happen. And so now, it's like, really is all is fair and love and war. It's like, uh, we're at war, and so, yes, these things, the way that I'm behaving, I might not consider moral or right in normal times, but these aren't normal times. And so, you elevate these very aggressive, very crude people that will fight on your behalf. But the other side sees them as perpetuating the danger. And so, oh my god, you just elected an accelerant.

• 1:08:17Tom Bilyeu?

  And so, now, everybody thinks, oh, I can get more unfair. I can do crazier stuff. Because you did the bad thing. You elected that bad person. And then that bad person starts really getting attacked. I mean, they literally tried to assassinate him multiple times. And so, now, they're like, well, it's even more justified that I go even more ham on you. And if he does the downshift that I want him to, and just walks everybody calmly through cause and effect, he's gonna lose power. Because that's not where the cultural energy is. And this is where people have to understand. This is something that I teach entrepreneurs, is trends are not a dirty word. Trends are merely a reflection of cultural energy. And no business will ever fight cultural energy.

• 1:09:02Tom Bilyeu?

  And so, you ride the waves of cultural energy. And this is why, when the LGBT community had the cultural energy, everybody in June was doing something for Pride Month. Now, the LGBT community is losing the cultural energy, and so people aren't doing it. And so, it's like, that's what companies should do. Like, they're trying to stay the fucking business. And the same with politicians. That's what they should do. So, uh, if they want to get reelected. So, that's what you're gonna see. So, that's why people do it. That's why these guys lean into it, much to my dismay.

• 1:09:33Speaker 02

  I wanna tie this to the Scott Pelley, uh, firing that happened at CBS earlier this week. And he kinda came out and did a couple interviews saying that when Barry Weiss was installed as the new head of news, she did some things that were favorable to the administration that went against his journalistic integrity. This is specifically talking about Minnesota and like the Renee Good trial. I'm using this as a setup to kind of talk about the larger populist movement that's happening in the division that we see in America.

• 1:10:01Speaker 06

  Barry Weiss sends an email to my boss, Tanya Simon. Two of the things in the email include, "Can we make the protesters look more violent?" Now, I'm paraphrasing, I don't have the quote, but that's what was communicated to me. And the other thing was Renee Good's car, you need to describe her as driving toward the officer. This is not what you see on the video. On the video, you see the officer standing slightly...

• 1:10:45Speaker 02

  I don't need, I'm not trying to like re-legislate the Renee Good thing. I think this sets a precedent to kind of what Trump said. So as he stormed out that interview, "America can't be great with the crooked media." And then, we already have an established pattern that certain institutions lean left, certain institutions lean right. That's cool. If Trump says he's doing this tax policy, one person says it's the worst thing in the world, somebody says it's the best thing in the world, that en masse balances it out. I'm okay with that generally. But when we have certain cultural moments like with ICE, like with Renee Good, and we're changing what happened at the story, it was also the same thing that happened with the George Floyd thing.

• 1:11:28Speaker 02

  Some people are trying to spin the Harry You know act thing in the same way. When we are starting to change facts of the investigation to become one thing versus another, that literally then sows discourse. When we covered the Renee Good thing, there were so many people that were adamant, "She's trying to kill him, she was trying to run him over." Whereas, let's say that this is not a disgruntled employee. Let's just take him for face value and say that he's actually still in integrity, he's not just trying to get them back. Isn't this something for a larger issue that's a bit bigger than the populist moment? That's a bit bigger than the left and right? This is something that I think as America, we need to kind of contend to. I mean internationally too, but I'm American. That we need to contend to that when we start changing facts of certain stories,

• 1:12:10Speaker 02

  when the media becomes an actor in the news versus a representation like displaying the news, we can have these second and third order consequences. And I've even seen in our chat sometimes, I can hear you say something and people will attack you as if you said the opposite of what just came out your mouth.

• 1:12:25Tom Bilyeu?

  Yes.

• 1:12:26Speaker 02

  You know what I mean? So like, but this is all coming from the same place. The manipulation of the media, the angry storm outs and stuff like that. You're wrong, I'm right. Like, what if there isn't any California fraud? What, can't we just be okay? Like, there's so many other issues in America that we really need to dive down. Why do you think it's important for media to change facts about a thing? Instead of taking like the Fox News approach where when something is really bad happening with Trump, they're over here covering dogs in Westminster or something like, you know what I mean? Just change the like, move the camera, but don't try to change what's in front of the camera. Why do you think they're starting to take that tactic versus just like the deny approach?

• 1:13:02Tom Bilyeu?

  We, we are all locked inside of a frame of reference. That's the, when, when it comes to this, that's the only conversation to have. My advice to everybody is assume that an honest, well-intentioned, smart person believes the thing that they're saying. And so now you have to contend with, whoa, that's wild. Because of their frame of reference, they're looking at the exact same footage I'm looking at and they see something different. And that's why I always say your frame of reference controls what you look at. So in your example, where you point the camera and what you see. So I saw the car moving towards the officer or this was just a woman trying to get away.

• 1:13:46Tom Bilyeu?

  The hard part about the quote unquote truth is the vast majority of the human experience is merely interpretation. And once you understand that, it gets scarier because you're gonna have a very hard time convincing people of your truth. And that's why when I started hearing during the peak of the woke movement, this idea of my truth, I was like, yeah, that's actually real. Unfortunately, we are all interpreting what we see. The, the stat that I, or the, the fact of physics that I try to remind people of, and I expect it to change their lives, and it never does.

• 1:14:23Tom Bilyeu?

  But is the fact that humans only see 0.0035% of the electromagnetic spectrum. Bro, that is so wild. You basically don't see the world as it actually is. You see this tiny, tiny, tiny, tiny, tiny, tiny, tiny sliver of what's actually there. So for instance, we watch the Renee Good thing play out. The only thing that really matters is the playback of her thoughts and feelings and all of that. So we could know what she was doing. Was this somebody who was merely panicking? Oh, and by the way, we'd need to know the same thing inside the mind of the cop who ends up shooting her. So that we could know what we're trying to get to, which is intent.

• 1:15:05Tom Bilyeu?

  Did the cop actually fear for his life? Did he think the only way to stop her is to shoot her? Did she try to hurt him? Was she like, fuck these guys? Was she just scared? Like all of that, we're never gonna get that. So all we're gonna get is the interpretation of people that are all locked inside of a frame of reference. You show them something and they're gonna see, truly see something different. Then on top of that, you've got people have an agenda. And so now they're like, well, I kinda see both. Which one am I gonna present? Because I can only have so many words come out of my mouth. And so now I'm gonna choose the one that I think maybe has more long-term viability for a thing that I'm trying to do.

• 1:15:48Tom Bilyeu?

  And you put that all together and you get the endless madness of the human experience. And when you can say, oh shit, the way that I saw this isn't probably objectively true.

• 1:16:01Tom Bilyeu?

  It's my reading on the situation and so I'm gonna put myself out there and I'm gonna argue for my position as hard as I can, but if you're me, you're gonna say, but I know I'm locked inside of a frame of reference, so I'm gonna say I should be read as one voice, I'm gonna give you my best logic, I'm in fact gonna hold myself accountable to cause and effect, I'm gonna try to lay that out, I'm gonna say all the things that are my blind spots, et cetera, et cetera. But this is why when people say I should run for office, I'm like, you do not understand how terrible a strategy I deploy is. My strategy has one aim. If the world turned against me and they hated me and I'm up on the gallows and I have a noose around my neck, that I'm like, I have my own respect. It doesn't matter that the world turned against me because I have no

• 1:16:44Tom Bilyeu?

  interest in being on a pedestal and being celebrated by everybody and not respecting myself. So I optimize for that. Self-respect, period, end of story. That just is what it is. So when you get that people have agendas, they're stuck inside of a frame of reference, you end up in the situation that we're in. But what bothers me to no end is when people mistake their frame of reference for truth. And the only thing that we can all say is true is physics. But the vast majority of the human experience isn't physics, it's emotion. We make decisions based on emotion, not logic. And so-

• 1:17:25Speaker 02

  Why does Trump need for there to be voter fraud in California?

• 1:17:29Tom Bilyeu?

  Emotionally?

• 1:17:31Speaker 02

  Yeah, like why do you think that, that like-

• 1:17:33Tom Bilyeu?

  Cause he would have to accept that he lost. He can't in 2020. He cannot accept that. It violates his worldview. It violates his sense of self and what he represents to the country. Like, again, I'm mind reading, so the odds that this is precisely right is effectively zero, but directionally it's probably pretty close, is for him to do what he's done, to withstand everything that he's withstood, all of the attacks, all of that, he has to believe- I'm doing, whether he believes in God is irrelevant, just follow the intensity of what I'm trying to convey. He believes he's doing God's work. And that if he wins, he will make life better for everybody. And the people that are attacking him are doing the devil's work. He wouldn't think in these religious terms, but you get the idea. I'm the good guy, they're the bad guy.

• 1:18:18Tom Bilyeu?

  I represent right, justice, morality. And they are all the evil things that are trying to stop that. And so the very thing that puts you on the left is being evil. And so there's no way that I, the good, the right, the light, the just, lost an election because of my missteps. Uh, I don't buy that. My emotions tell me that it isn't true. My emotions are telling me it's not true. I know it's not true. I can feel it in my bones that it's not true. And because I feel it in my bones and I do not recognize how the human mind works. Uh, because I feel it, that is evidence that it is true. And if I say anything other than the election was stolen, it feels so wrong. I feel like I'm lying to people.

• 1:19:02Tom Bilyeu?

  And so, well, I'm not gonna lie. And so even though I get a lot of hate and backlash and all of that, I'm, I'm gonna say what I think is true. And he just cannot see that what's governing his thinking is emotion.

• 1:19:16Speaker 02

  Hmm, alright, interesting. Uh, alright, we got more topics to get to. Uh, half of the S and P 500 is trading way above, uh, 10x revenues. Which, when people say that, it's like, okay, I kinda get what you're saying, but I don't think people understand the magnitude of like the ROI that's expected on that. So help us understand about this inflated stock market.

• 1:19:38Tom Bilyeu?

  If AI revenues don't catch up to the dollars that are being spent soon, it is going to be an absolute bloodbath. This is played out historically, boys and girls, please look at the history of this stuff. These bubbles form all the time around a revolutionary new technology. The revolutionary new technology is extraordinary. It's as good as you think it's gonna be, but the difference in time scale becomes the problem. Now.

• 1:20:05Tom Bilyeu?

  There's a lot of complexities here, so we have to like really tease this stuff out. Right now, roughly a third of the S and P 500's entire value is trading above 10x revenue. That's not profit, that's revenue. And it's the biggest names that are dragging that number higher and higher every month. So a third is already crazy. It's going higher. And where we're at right now is a record. So we blew past the dot com bubble peak and have just kept going. Now, back in 2002, when we saw this same thing happen, Sun Microsystems, the CEO, ends up talking about it, but they cratered from $64 down into single digits.

• 1:20:46Tom Bilyeu?

  And the CEO Scott McNeely gave a really honest autopsy about what had happened. And he was saying this to paraphrase, but at 10x revenues, to give you a 10-year payback, I'd have to hand you 100% of revenue as dividends for a decade straight. Assuming zero cost of goods, zero expenses, zero taxes, zero R and D. It is a scenario that is so fake. He said, it leaves you, or leave him asking the question, what were you as investors thinking? We're back there again, but nobody's asking that question today. Now, I understand, these people aren't being stupid.

• 1:21:31Tom Bilyeu?

  Outside of tech, the economy is not getting more productive. And people have to be honest about what it takes to really grow an economy. Now, I think AI is going to be that technology. I think AI really is going to grow the economy. But given the amount of money that we've had to put in on debt to build out the infrastructure, people should be very, very uncomfortable. Now, just ejecting out of the system, unless you're a very sophisticated investor, is not the play. But you've got to be thinking now, given these numbers, the way that you're invested, you've got to be thinking a 20-year time horizon. If you're not on a 20-year time horizon, you are going to find yourself in

• 1:22:14Tom Bilyeu?

  Very difficult position if all of your money is tied up in volatile stocks. The odds that they come back are very, very high historically over a 20 year period. It's like you can't miss, but 20 years is a long fucking time, man. You can go from my child was born today to my child is about to graduate college. Before you're back into profit. Okay, that is a long fucking time. But we all know how this movie plays out. The printer is going to turn on. Okay. If and when, but not if and when. We're running a $2 trillion a year deficit. Unless we balance that budget, we are going to print money. Now, the reason that matters is if you go, I don't like these valuations.

• 1:22:59Tom Bilyeu?

  I gotta get out of the stock market. So you exit out of the stock market. Then your money is just getting inflated away. And let's say that you get out, stock market crashes and you think I'm a genius. And then they crank that fucking money printer back on. And now the stock market rallies like super fast, but you're not in it. Now you miss that climb. Now you're just getting inflated by all the money pouring into the system, causing it to rise up. Now you really are a genius. If we stay in like a great depression and they don't money print or they money print at a very low level. And then you just buy back in very quickly because you've got the balls.

• 1:23:41Tom Bilyeu?

  When everybody else is bleeding to death, you get in at the crazy depressed rates. Over the next couple of years, odds are that it's going to start coming back. And now you come out the other side, just ridiculously wealthy. If you play it like that, do not get me wrong, you will have been a genius. You will have made yourself wealthy, but basically nobody does it. Nobody has the ability to convince themselves when it's just going down and down and down to buy in. So I don't trust myself to do it. Maybe you guys do and you're gonna be far wealthier than me on the other side of this. God bless you, by the way, if you can pull it off, I will do nothing but celebrate you. I do not trust myself to do that. So I'm just 20 year time horizon diversified against economic forces. But that's why people are just buying and buying and buying in.

• 1:24:26Tom Bilyeu?

  One, because in these bubbles, it just feels like you can't lose. People are so convinced AI is going to work, which by the way, it almost certainly is. But they're not getting that mismatched timing of the debt is going to come due before the revenues come in. And so, missing it by six months or a year, honestly, missing it by a day. If you're doing it on leverage, you get liquidated, it's game over. So, people pour in thinking it's a sure thing. There's never a sure thing, not even the 20 year thing, but that's a far more sure thing. And we're all stuck in this position where we have to hide from inflation because we know it's happening. So, we're going to be invested if you're playing smart at all. You're going to be invested, but investing is now on shaky ground because of what we just walked through with these

• 1:25:10Tom Bilyeu?

  historical like ratios are just way, way out of whack. We're paying way too much for companies. It's going to take them a long time to deliver on that promise. And so, everybody's baking in, including Kevin Warsh, by the way. Everybody's baking in that AI is going to deliver on an acceptable timeframe. The productivity growth, the productivity growth such that 10 years doesn't become 10 years. The 10 years compresses and it becomes two years or something like that. And then you really would win. But if AI doesn't compress that fast enough, then the first wave of investors get completely obliterated.

• 1:25:50Tom Bilyeu?

  And the second wave of investors who do come in when the prices are down, they're the ones that end up winning. And it plays out over and over and over. And I just did, oh, is it the deep dive that comes out tomorrow? Or is it the one that came out last week on this topic?

• 1:26:03Speaker 02

  I think it's tomorrow.

• 1:26:04Tom Bilyeu?

  Okay, hey, so stay tuned, boys and girls. I cover in depth this exact phenomenon coming out tomorrow. So, yeah, it is wild and I think people are being very reckless as they are constantly. So, please, at a minimum, do not be invested in debt and make sure that you're just poised for the long haul. Even if I can't convince you to diversify across economic forces, at least understand that this probably can end will dip and it will take time to build back out. Unless AI really does become that productivity miracle in a very short period of time.

• 1:26:44Tom Bilyeu?

  Otherwise, you're gonna be in trouble.

• 1:26:46Speaker 02

  Um, some people are asking in the chat, I know you guys talked about it last week, but just to put a pin on it. Do you, are you team SpaceX IPO or team it's exit liquidity for?

• 1:26:55Tom Bilyeu?

  It's exit liquidity. It's obviously exit liquidity. Now, listen, it may also win in the long run. I'm never gonna bet against Elon Musk. I'm just talking about timing, timing, timing. This is a timing question. You've had these guys that have ridden it up on risk, by the way, you should want them to do that. You should be very glad that there are people willing to do that. But they've ridden all of that risk. Now it's time to diversify. And they're going to get out. You're the exit liquidity. And so often you'll see a dip afterwards, no matter what. So you can expect that. Then though, oftentimes it will build back up at a relatively reasonable clip and get back to somewhere around where it IPO'd.

• 1:27:36Tom Bilyeu?

  But it won't if we see that mismatch in the investment dollars for the infrastructure. And I, I cover this in great detail in the deep dive that's coming up. Um, so I'll just give you sort of a cursory glance now, but what ends up happening is, you, you get the mismatch from having to invest all of this stuff upfront on debt to get in. We're actually seeing a pullback in spending from corporations on AI, which means that you're gonna get all the people that are doing this on debt, they're gonna get completely obliterated. It's gonna be gnarly. And the most terrifying thing is that historically, when this has happened, like with railroads, the internet,

• 1:28:16Tom Bilyeu?

  uh, what you see is the infrastructure that's built, it's built on debt, those people get wiped out, but the infrastructure lasts for a very long time. With AI, it's not true. It's two to three years. And so now you've got the most expensive part of the infrastructure, just poof goes away. And so that's devastating for how long it may take to build back to get to these, um, justifications. And the SpaceX IPO isn't 10x, it's like 100x. It's crazy. So on that one, I would just say, uh, SpaceX probably crushes in the long run.

• 1:28:51Tom Bilyeu?

  But it's probably gonna be very rocky and it might be rocky for years. So just be thoughtful. I can't see the future. I can't see the future. So I just try to approach all of this from a hyper paranoid perspective.

• 1:29:04Speaker 02

  A couple of people in the chat are saying that this is the precursor to like the end of money. Maybe they've been watching too much Simon Dixon, but it's very much that we're gonna get phased out once the robots hit that point. Once money's no longer needed, everybody's just gonna go to a social credit system.

• 1:29:20Tom Bilyeu?

  All true, all true. But again, timing is the real question. So remember, there are two things that have to be true for us to get to the other side of money. Energy costs have to hit zero. Right now, we're watching energy prices go up because of the crisis in Iran. So keep that in mind. Energy costs have to go to zero. And then the, when the energy costs go to zero and we have the first wave of self replicating robots, then and only then will labor costs go to zero. So you've got basically artificial super intelligence standing between you and that. And so when do you think that's gonna come? Depending on your bet on that, if you think that's in the next three or four years, great, then you might not have to hold out very long.

• 1:30:04Tom Bilyeu?

  But if that's more like 10 years or 15 years or 20 years, now all of a sudden it is dire because you've gotta go through all of the madness that we're living through now. You are far more likely to see the end of the, as the US dollar as the reserve currency and all of the madness that that will entail than you are to get to the other side of money before that happens. That's pure gut instinct on my part, so certainly don't take that to the bank. But that's, I would imagine that is true.

• 1:30:36Speaker 02

  All right, let's jump over to Supreme Court where in a stunning six three decision, the US Supreme Court ruled, parents are allowed to opt their children out of being indoctrinated with LBGQ plus propaganda.

• 1:30:49Tom Bilyeu?

  Now, see, don't, don't click on anything yet. All right. Just in that headline, I know that we are in somebody's frame of reference. Now, I hadn't looked yet to see that this is Fox News. I was just going off the words he read. So first of all, stunning six three, I'm like, okay, is this gonna be stunning, good or bad? But they're really trying to elevate this.

• 1:31:09Tom Bilyeu?

  Once we got to indoctrinate it, I was like, ah, got it. I know where this is coming from. And then propaganda, I know where this is coming from. Now, I happen to agree, but it's like, I can tell that we're in somebody's frame of reference. So anyway, just as like a reminder to everybody, everybody is trying to sway the way that you see the world. They're trying to control your frame of reference. Just be aware of it.

• 1:31:33Speaker 07

  Regarding religious liberty and whether parents should be informed and be able to opt their children out from reading books in the classroom that go against their faith. Shannon Bream is at the Supreme Court. We were watching for this one. What's the verdict?

• 1:31:48Speaker 05

  We were, Dana. So this brought together a coalition of parents of different religious faiths and backgrounds who said there used to be a rule in this particular school district that would let them know when there were books that dealt with issues that may be in conflict with their religious faith. Well, so many parents were opting out that the school board in the school district quit doing it. Well, six to three today in a justice, a decision by Justice Alito. They said these parents have earned at least a preliminary injunction. So while this case plays out, they said the board has to notify them about a book that's in question or anything similar so that their kids can be excused if it's in conflict with their faith. He says, as we-

• 1:32:24Tom Bilyeu?

  I don't even think it should have to be in conflict with your faith. So for me, I, the LGBTQ stuff, sure, like, I think that that stuff can get way too unnecessarily racy. Also, man, I am really developing a hypothesis about how influenceable kids' like sexual identity and even to some extent what they're attracted to can be shaped in the early years. When I started researching how on earth Athens and Sparta and some Roman societies had so much like pederasty and just like gay sex. I was like, what the fuck?

• 1:33:09Tom Bilyeu?

  Like, how? I don't know. I haven't done enough research. But when you look at the historical trends, it's like a whole society can just like, be like, yeah, we do like a ton of gay sex. There's a flexibility somewhere, either hiding in epigenetics or something. So I was like, whoa, if that's true. I don't know. I don't know. I don't know. Just like crazy caveats. But if that's true-

• 1:33:36Tom Bilyeu?

  Then it's like, yo, we gotta be real thoughtful about what we're deciding we want our kids indoctrinated with. Now, make no mistake, being a parent is about deciding I'm gonna shove these beliefs and these values into my kid's brain. Simple as. Now, whether you think the parent should be the arbiter of what values and beliefs get shoved into your kid's head, or you believe the government should be the one deciding what values and beliefs get shoved into your kid's head, is gonna be where you break on this. I believe it should be parents. Now, I fully acknowledge there are terrible parents out there in the world, but holy lord, I much more trust a distributed approach, a decentralized approach to raising kids than a centralized one.

• 1:34:21Tom Bilyeu?

  Fuck that noise. In all capital letters, I do not want the government deciding what my kids are going to be exposed to. I want, as a parent, I want parents, since I'm not a parent, I want parents to be able to make that decision. So if I had kids, I would be way on guard for things around agency, personal sovereignty, that you can do anything you set your mind to. Like, all of those things would matter to me a lot. And if somebody were trying to indoctrinate my kids with like, weak bullshit, no personal responsibility, I would become a raging lunatic at the school board.

• 1:34:59Tom Bilyeu?

  I would, I would be the unhinged lunatic insisting that Jaco willing control all of the literature that my kids encounter. Which, by the way, he's actually written books for kids. They're good. At least if you have my belief system. So, uh, yeah, this one to me is a big W for the way that things ought to be. Parents ought to be making these decisions.

• 1:35:23Speaker 02

  Brutus Lugo, what about schools teaching about evolution? Should kids sit those out if it goes against their religion?

• 1:35:30Tom Bilyeu?

  Of course.

• 1:35:31Speaker 02

  Nice.

• 1:35:31Tom Bilyeu?

  Dude, I'm super consistent. If you want to tell your kids, yo, all these lunatics that are trying to convince you that God did not create the world, uh, that it's more than 6,000 years old. They do not understand what they're talking about. Evolution is the devil's brew. Great. If that's what you believe, like you should be able to tell your kids the things you believe. Now, look, the adult world is going to come for all of our kids. And so if you teach your kids something that they deem to be stupid when they get to be an adult, they're going to have beef with you. And so that could be a kid turning against someone like me and being like, nah, dad, you totally fucked this up. That personal responsibility is some bullshit. I'll be like, hey, I did my best. I did my best sincerely in my soul to give them something

• 1:36:15Tom Bilyeu?

  that would make their life joyful, would give them agency, would allow them to lead a life that they find fulfilling and all of that. But hey, as an adult, they're going to parse the world the way they're going to parse the world. There's nothing that we get to do about that. So be aware of that. Parents that over restrict their kids tend to have very rebellious kids. That's just how nature made all of us. Uh, so be thoughtful about that. But of course, like dude, I'm not a like, well, as long as I get what I want out of it. I make rules, assuming those rules will be used against me. So now I want kids to learn about evolution, but this law will be used against me. Now, parents can be like, nah, fuck all that evolution talk. Yep. Cool.

• 1:36:57Tom Bilyeu?

  Perfectly happy. I want parents to be able to decide in no uncertain terms.

• 1:37:03Speaker 02

  Nice. Uh, Verizon CEO says a company's new AI customer service agent scored 1,280 basis points higher on customer satisfaction than humans. Andrew Yang retweeted it. It's happening. There are about 2.9 million customer service workers in the US. I thought they already took the customer service workers out. Like I thought all those automated calls and stuff was.

• 1:37:25Tom Bilyeu?

  They've certainly taken a lot. Like there's no doubt that this industry has already been hit.

• 1:37:30Tom Bilyeu?

  But it is very interesting. Now it's just like, we've done the survey, you guys lost. Like if, let's say, I don't know that this is true, but if Verizon were doing that survey and it was like, we're either gonna stop this initiative because it's losing, or we're gonna keep it going because it's winning, but we're gonna let actual customers tell us.

• 1:37:50Tom Bilyeu?

  You have your answer. People, according to Verizon, people want AI. They are more satisfied. AI is infinitely patient. If it's educated well, then it probably really can get you to where you want to go. Like AI, dude, I don't know if people are different than me, but like, take when I'm gaming, for instance. I'm not that guy that's gonna bang my head against something for six hours trying to solve it because I feel really good about solving it. Like, I wanna know, I wanna do the thing. So I'm trying this new game called Lay of the Land. P S, by the way, if you like Minecraft, you must try Lay of the Land. They've done some things visually and procedurally that are breathtaking. But anyway, I just wanna play the game. So I don't wanna be stumped on how to do fucking X Y Z thing.

• 1:38:34Tom Bilyeu?

  So I just keep AI open next to me and I'm like, cool, playing Lay of the Land. Uh, how do I do this thing? And it's like, cool, you do this. Awesome. Now I go do the thing. I just wanna do the thing. I don't wanna be stuck on it. So if I'm, and, and I do that because that is the fastest way to get the answers. I'm not calling friends, I'm not watching YouTube videos. I am just asking the fucking thing. What do I do? And so the fact that that has become so efficient tells me AI is getting real good. Now, there are still certain things that I will go, I wanna watch YouTube video on something, maybe it's too intricate, AI doesn't quite understand, whatever. But as AI gets better and better and better, I think I'm just gonna turn to it for more and more things because it is the most efficient way forward. In fact, now that I'm talking efficiency, you gotta show the Todd McFarland thing?

• 1:39:18Tom Bilyeu?

  I don't know if you guys know who Todd McFarland is? Alright, Todd McFarland, now you could, Todd McFarland is an artist extraordinary. This guy is one of the greatest comic book artists of all time. Forget living. He is one of the greatest comic book artists of all time. I could give you a whole diatribe. Trust me, this guy, if you know anything about comics, is excruciatingly influential. So for him to have the take on AI that he has, I think really says something. Now, for anybody that really wants to know what the argument against this will be, Todd's already made himself fantastically wealthy. So it's like, yeah, sure, Todd, this is coming along at a time where you've already been successful, you didn't have to come up. But I will say, Todd is one of the guys, you could,

• 1:40:03Tom Bilyeu?

  he's so specific, his style is so recognizable, I guarantee you could tell AI, give me something in the style of Todd McFarlane, which means this is a guy whose very style is being stolen by people that take that thing, and he doesn't give a fuck. So, all right, let him explain why, because I think this is the reason for everybody to chill out.

• 1:40:23Speaker 07

  I, I don't get what the big,

• 1:40:28Speaker 07

  why people are so worked up. I don't get it.

• 1:40:31Speaker 06

  You don't get why people are upset about it?

• 1:40:32Speaker 07

  Yeah, I, I, like, I don't, and here's why. Like, it, they're a tool, it, it's a tool. And, and, and, and we can break down this tool in a minute, and I will, but, but if we just look at it as an efficiency, it's a tool that's efficient. Every tool that's come along in the history of mankind, put somebody out of business, right? Somebody along the line was selling a lot of buckboard wagons, and then somebody said, I'm gonna invent a car. And then it's like,

• 1:41:04Tom Bilyeu?

  Out of business.

• 1:41:04Speaker 07

  Okay, why don't we worry, why don't we cry for them, right? Every, so then the, then all of a sudden, the word processor came, came up, and now they're selling less pencils, right? Because like, why? We don't need pencils anymore, because we can just do it on here. Matter of fact, we don't even need paper, we can just do it on here, and, and send it, and did it like, and we didn't cry for them, right? So, so there, there used to be VHSs, and then it went to DVDs, and now you can just stream it, right? The people who are making DVDs are out of business, for the most part. Ninety percent of them don't exist. Why don't we cry for them?

• 1:41:38Tom Bilyeu?

  So there's, he, he's gonna make another deeper point about efficiency in a second, we definitely want to hear it, but a little bit of context. About him that I think makes this really important. So he ends up being one of the original founders that started Image Comics. And Image Comics has gone on to be one of the biggest imprints in the world. It was completely revolutionary when they did it because you had a monopoly of Marvel and DC and that was just it. And he felt like he was being abused by the, basically the suits. And so he wanted to break out on his own and he felt like you guys are trading on my talent, my initiative, my creativity. I've revitalized because he took over Spider-Man. I've revitalized this brand. You're making all this money off of me, but you also keep trying to tell me I can't do this, that or the other.

• 1:42:23Tom Bilyeu?

  So this is a guy who made his career by taking one of the biggest risks in the world, alienating himself from the powers that be. And if his gambit failed, he would have been done, finished. That's it. And instead it ends up paying off. And so what he's getting at is the efficiencies of the tool are going to allow a lot more people to say, I don't need these money guys. I don't need these suits. Now, I think it's going to make a lot of people real uncomfortable to know there's no excuses anymore. You just don't have it. People don't care about the thing that you're making. And so all of us have to face that now. Like I'm able to make Kai's in the way I want to make it.

• 1:43:05Tom Bilyeu?

  And so if it doesn't go well, it's like, well, I haven't done the things I needed to do. And so, um, all right, let him, because he goes deeper on the efficiency thing.

• 1:43:15Speaker 07

  So if, if there's an efficiency, the problem, the problem with any tool, new tool, is it can be used for both good and bad. So I can give you a hammer and you can either build me a house or you can bludgeon me over the head with it. Same tool, right? So I think what the people maybe at times are getting a little bit upset are that they're thinking that they're stealing artwork or something like that. I, I, I, but it's in the, I swear to you, there's an efficiency there. We are just talking to a couple of people in the animation. I still need to hire you and I need you to do, uh, some, some gun designs for me.

• 1:43:58Speaker 07

  If you want to use that tool, you don't have to. If you're great, you don't have to. But if you want to use that tool, you can.

• 1:44:02Speaker 04

  Now give me 20 options. I need you to show me at the end of the day, your weapon, you can give me 20 options and I got 20 to look at. And I can pick the two best. If I leave it to you and you got to hand draw every single one of them and you don't got any kind of guidance, you're gonna give me three and if all three of them are mediocre, I am stuck with mediocrity from you.

• 1:44:24Tom Bilyeu?

  Pause it for a second. So that's all true. And then one thing that people don't talk about enough is nobody's stopping people from hand drawing. If you still want to go hand draw, go hand draw. But what I think you're gonna find over time is that people just stop doing the thing because it isn't efficient, you're not able to keep up. And so one of the things as a just absolute anime fan, I am extremely sad that young Japanese people no longer go into the anime industry. And the question is, why don't they go into the anime industry? And the answer is because there's no money. And so they work these insane hours and they get paid virtually nothing. The anime companies are always at risk of going out of business. They have to diversify, so they'll get like two, three, four

• 1:45:10Tom Bilyeu?

  different companies will come together to do one anime project because they know the money is only if this becomes a monster hit, we can get toys and all that and then actually start making money. So we all want a piece of it. And it becomes like this portfolio strategy because the anime industry is just going to die. It's too expensive, it's too laborious. And as the economics have changed, as we moved away from TV and there's no advertising, it's like it just becomes a completely different game that will just go away. Or you have to find efficiencies. And so my hope is that we see a resurgence of incredibly creative people going into something like anime because the efficiencies are there, because now people aren't beholden to the suits, they're not being worked into the ground.

• 1:45:52Tom Bilyeu?

  They can create something that they really believe in without a lot of other people fucking them up or creating cost structures that make it impossible for that art to live on. And so. The way that people are looking at AI right now in this panic mode, definitely makes me sad because they're just going to get replaced. If you panic about it, you will lose if AI actually is more efficient. And right now, we're in the greatest of all worlds, which is you've got this technology that is still not good enough to do it without a human that has really good taste. And so, right now, people should be celebrating. We're in this incredible age of like, if you have taste, you have access to this tool that'll create these insane efficiencies.

• 1:46:36Tom Bilyeu?

  If you don't have taste, everything you output with AI will be garbage. And so, what's the problem? AI is not elevating the bonehead. The bonehead is just putting out a bunch of stuff that everybody's going to ignore. There was a tweet about a guy that was like, I've already made five apps using vibe coding. And he was like, I'll save you some time. I've made zero dollars. Nobody's using these things because he hasn't built something that somebody wants. And by the way, the world's moving away from buying software off the shelf because they can vibe code their own thing. So it's like, cool, the world's moved on. It isn't that anymore. So what are you going to use AI for? And so, I just heard this big lamentation of this guy saying the game industry is changing. There's this game company that's saying that we're crashier now than we were back in the eighties,

• 1:47:21Tom Bilyeu?

  meaning like, the industry is about to really struggle. People aren't able to get the funding that they were getting during the COVID era. We're seeing these studios close left, right and center. And the only way that 20,000 indie games get made every year, dude, that's insane. There's no way to even look through that. So you're in this position where, okay, there's too much of this thing. So how are people going to compete? And literally, as I'm saying to myself, the way you have to compete is as an indie team like we are, you have to build something that's of a scale that will really get people's attention. And then he goes, people are going to have to build something that's of a scale that will really get people's attention. And I'm like, yeah, exactly. And guess how they're going to do that with AI? Guess what industry is like vehemently opposed to AI? Gaming.

• 1:48:05Tom Bilyeu?

  So there's an online cadre of people that are vociferously against AI and gaming. I guarantee they all go the way of the dodo bird. Because you just won't be able to make the games that people want to play at a budget that people are willing to pay without using AI. So anyway, this, these trends play out again and again in history. And we respond in these very similar ways. It's very sad.

• 1:48:32Speaker 02

  It's interesting how he's bringing up the specific examples about, you know, the wagon and the car and stuff like that. And the Luddite fantasy that you said in the deep dive a couple of weeks ago. So it's, it's interesting that we're going through that cycle again. And we don't realize it because we're right in the middle of it.

• 1:48:44Tom Bilyeu?

  Yup.

• 1:48:45Speaker 02

  Um, all right, let's talk about this pump fun thing.

• 1:48:47Tom Bilyeu?

  Oh my God.

• 1:48:49Speaker 02

  Cause the tattoo on the forehead was kinda weird.

• 1:48:51Tom Bilyeu?

  Dude, that kinda weird. This is dystopian. If you guys haven't seen this, like, yo, I love the internet. I love social media. I'm so glad it exists. I love the fact that people can spend their money on anything they want. I love that people have agency. Bro, this is, for people that don't know what this is, so pump fun is a thing that takes the gaming idea of, um, bounties and says, okay, go do this thing and you get a reward for it. And now they're bringing that into real life and they're saying, okay, go, um, parachute, this is a real one, parachute into, um, I think it was one of the world cup games. So dressed as a mascot, uh, crypto mascot, I think. So it's like, if you do that, then you make what it was like $54,000. So, uh, if you do that, can make a ton of money.

• 1:49:36Tom Bilyeu?

  Okay. Now one comes out for like 2,500 bucks or something. Go tattoo on your head, your forehead, hashtag like, uh, bounty work, I think. And so I was like, oh God. So now you've got somebody that's got money and they can just fucking troll people. So this is, now this guy, you guys want me to believe he has free will. So he has free will and he can go do whatever the fuck he wants. But you will notice that what you're gonna see, pause it for a second. Oh God, if you guys are watching this, he's actually getting the tattoo. Uh, that what this will end up being is you're arbitraging somebody that's really struggling. So we're living in this wild K shaped economy in a wildly K shaped world, meaning there

• 1:50:19Tom Bilyeu?

  are other countries for whom $2,500 might be the equivalent of $25,000. It might be absolutely game changing. Getting that tattoo on his forehead, which if he's smart, he knows he can remove. He can maybe put a down payment on a house or he can clear medical debt up. Who knows? But it could be absolutely life changing for him. And so now we're gonna see people do this kind of freakish arbitrage, either to somebody in, you know, their own hometown that's on the wrong side of the K or to another country, uh, where the dollar arbitrage is insane. It's just, this is so gross. And it's one of those things where I believe people need to have the option to do this, but I still fucking hate it.

• 1:51:01Speaker 02

  Um, isn't this where like, I don't know, if like this is like late stage capitalism, right? Like this is just where we go. Like there's certain people with a bunch of resources that in this specific example, they know that they can take advantage of people who don't have those resources. So they're going to say, hey, let's do it. And they talk about it as fun and quirky. And then to your point, you have somebody like here who probably is really struggling. And it's like, hey, that 2500 can make a change in my life. So let me go do this thing.

• 1:51:28Tom Bilyeu?

  I want to be very clear. This is not late stage capitalism. And the reason, the the fact that people keep calling that is one of the biggest psy ops in the fucking world. This is what hap- if if you want to know what happens when capitalism goes wrong, you always have to get a governmental agency involved. So if you want to see capitalism cronied up with the government to the point of like completely deranging, you've got two options. You can look at Hitler's Germany and fascism and the way that they integrated with corporations. And you can look at like the Dutch East India Company. But again, it always takes the government. Somebody has to build a military and use violence against you. When you have a stable government that is detached from commerce, puts a gentle

• 1:52:10Tom Bilyeu?

  set of rules to keep the capitalists from abusing you, you get a totally different system, a totally different system. To get the system we're in now with the K shaped economy, the government has to steal money from you through inflation. They have to. Now, in capitalism, the goal is to make the pie bigger. You're innovating. So anyway, I won't have my beloved capitalism besmirched. It is because we have deranged things and done all this crazy shit to get away from that. Now, there are probably other things you can talk about from cultural derangement that we don't have people just putting so much cultural pressure on people. Some of this is the anonymity of the internet. If you knew what assholes were doing this, there'd probably be a ton of pressure on those people

• 1:52:54Tom Bilyeu?

  to not be a dick. Anyway.

• 1:52:59Tom Bilyeu?

  So he gets the tattoo. Now, this thing drama spirals, by the way, I don't know if people paid attention, but he misspells it. And so they deny him the payout, which is evil, in my opinion. Uh, but nonetheless, they do. Then somebody, I don't know if it's a GoFundMe or whatever, but they start some sort of, oh, no, they do a fucking crypto coin, Jesus Christ. And they make this kid, the person who gets the payout of the trading fees. And so he ends up making, at the time I saw it, like 15 grand instead of the 2,500. So now he's like going on social media, hey, shout out to all my, uh, pump fun fans, or not fans, family, I think, you know,

• 1:53:40Tom Bilyeu?

  thank you for this. Oh, God. It like, literally death spirals. So he ends up making even more money, but off of a meme coin, which is, if that's how people want to play, fine, like, people should have the right to do it. But nonetheless, like, this, this is a level of,

• 1:54:00Tom Bilyeu?

  dystopia that makes me sad. It needs to be checked culturally. I'm not looking for a whole bunch of government regulations to come in and tell people they can't, can't do with their money. But man, from a cultural perspective, this is icky. Do bounties, that's rad, but do cool bounties. Do things that do something positive. That would be cool.

• 1:54:20Speaker 02

  I feel like the cultural energy is swinging, though. But yeah, we got, uh, thank you, Kelsey, for the sponsorship.

• 1:54:25Tom Bilyeu?

  Facts. Mad love. QR is on the screen. Uh, they've been a phenomenal way for us to figure out where polling is going. Again, I will point you guys to the fact that, uh, polling via these sites have been way better at predicting some of the crazy things happening in the California election that, uh, certainly the noise on social media was telling you it was going a different direction, but they called it much, much earlier. Um, so there's, I think, a lot to learn with where people put their money, because that tells you they really believe that thing. Right. So again, shout out, much love to Kelsey. Uh, I'm doing another AI master class for Impact Theory University this Thursday, June 11th at 1pm Pacific. Link is in the show notes.

• 1:55:08Tom Bilyeu?

  Not miss this. If you are at all thinking about building a side hustle and you want to know how to use AI to do it, you are living in a spectacular moment. I'm going to walk you through exactly how to do it. It's completely free, free, free, free. Join me. We also have a special bonus for anybody that shows up live. So make sure you show up live. You are not going to want to miss that. All right. Again, that's this Thursday, June 11th at 1pm Pacific. All right. Love you guys. See you on Wednesday. Peace. Let's talk about a pattern that is guaranteed to be killing your progress. You know what you need to do. You need consistent nutrition. We all do. You need vitamins, probiotics, greens. We all know that we should be doing more of it. When your morning gets chaotic, you skip it. When you travel, you skip it. When your routine breaks, everything tends to break and that

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