America’s Economic Breakdown, Minnesota’s Political Bombshell & The Rise of Gen1 Robots | The Tom Bilyeu Show LIVE

45.117 - 64.041 Unknown

Indeed we do. From Johnny Goodnight 4710 for 100 bucks. Thank you so much for that. No joke. Tom, I've been waiting for you to go live. Will you say you believe that we'll make it? Especially if we do the 26 things you laid out in your video. My name is Goodnight Johnny Goodnight and my life will and is forever change. Thanks Tom and team.

65.219 - 83.06 Tom Bilyeu

Well, I appreciate that. It's very easy for me to say individually, yes, you can make it. You will make it if you do the right things. I won't be so bold as to say that I am flawless. And so just do the 26 things that I say and you're going to be perfectly fine. They are an incredibly good start. They are how I live my life.

83.761 - 101.47 Tom Bilyeu

But I would adjust my behavior immediately if I saw different feedback from the market. That's very important for me to state. You cannot just get a piece of paper and go, I'm just going to execute against this. I think at an individual level, if you have the requisite intelligence, you are going to be fine no matter what happens.

101.45 - 133.349 Tom Bilyeu

So at that place, I don't fret where I fret is that there are call it half of the world that doesn't have the time or the intellectual bandwidth to figure all that stuff out. And we owe them good architecture. cultural architecture so that they can just live their life. So anyway, I feel a moral obligation to do that. So when I'm sending out warnings, it's really about the architectural level.

133.769 - 150.773 Tom Bilyeu

Never worried about the average human. The average human just follow Ray Dalio's advice, economically anyway, around an all weather strategy and you'll be fine. You might not come out the other side wealthy and any of your friends that yellow into something that hits, they're going to look at you and laugh. But anybody that invests like that is going to be toasted.

588.223 - 613.187 Tom Bilyeu

As a quick reminder, the rate of retirement from the United States government is bottlenecked by how fast we can move files into a mine where the files are stored. In the age of AI and computers, we still physically move the files into a mine shaft. Okay, that's real. I'm not making that up. So that's what happens when the government runs something.

615.462 - 635.479 Eric

So with all these pushes, I've seen something. I was trying to find the article. I couldn't find it. But, you know, Mamdani did something as research the permit pipeline to build new housing and what boggles down the New York housing, build housing process down. So if he were to do certain things that would be, let's just call it,

635.459 - 642.626 Eric

Democratic socialism, like we're going to do 75% capitalism, 25% socialism on certain aspects.

642.667 - 665.23 Tom Bilyeu

Democratic socialism is socialism. Social democracy, which is what I think you're getting at. He said democratic socialism. He said democratic socialism, not social democracy. So social democracy is ultra high tax across everyone. It's the Nordic model. Okay, copy. Democratic socialism is socialism, period.

666.644 - 678.023 Eric

Okay. So you're saying all the nuances, he's not going toward Nordic, he's going full socialism. Correct. Communism. Okay. I had some people in the chat disagree. They are wrong.

1215.176 - 1238.79 Tom Bilyeu

This ideology killed more people than basically anything. So socialism killed way more people than war. But I think most people agree war sucks, but they don't agree socialism and communism suck. I don't I don't understand. I can give you a reason in terms of the way that people are peristatized by their own emotions. Which make them connect dots that don't actually connect.

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And they think because this feels right, it must be right. It must actually work. But they don't understand how the human mind is actually architected. Go ahead.

1250.187 - 1256.938 Unknown

From the chat, they said, yes, we need a different relationship with property. How else could it become affordable if the prices will continue to go up?

1257.178 - 1279.834 Tom Bilyeu

They're already wrong. So you don't need a different relationship with property. You need a different relationship with money. The problem is right now, people do not understand how they've been taken advantage of by debt and money printing. So money printing is very simple. The government saying, I'm going to take more of your money and I'm going to do it without you having to vote on it.

1280.017 - 1303.56 Tom Bilyeu

If people understood money printing as that, then every time we go over budget, they would understand that the government is saying, I'm still going to take this money from you. And the reason it gets complicated is because the government is technically taking it from anybody who holds dollars. But they're still taking it. And I presume everybody that can hear my voice right now is they're

1837.405 - 1857.617 Tom Bilyeu

Just click the link in the description or go to buyraycon.com slash impacttheorybc to save. Order by December 15th to guarantee delivery by Christmas. Again, that's buyraycon.com slash impactbc.

1863.773 - 1882.221 Eric

All right, let's dive right back in. We got to talk about this breaking news. Tim Waltz has dropped out of the 2026 Minnesota governor's race. Praise Jesus. Played by the Somali daycare, health care, all types of fraud. They were frauding everybody over there.

1882.201 - 1899.008 Tom Bilyeu

This is wild. He was talking so much shit up to like 45 minutes ago that I did not see this one coming. I'll be honest. Now, is this part of him like making a deal? Like, do not pursue me legally and I'll peace out. Maybe. So, all right, let's play it.

1899.089 - 1915.469 Drew

I haven't heard this yet. So, um, This is what happens when your own federal government wages war against you. This is what happens when they target communities for their own benefit. This is what happens when they scapegoat. And this is what happens when they no longer hide the idea of white supremacy.

1915.489 - 1931.87 Drew

When you hear the vice president of the United States talk about now white people won't have to apologize for being white. That's never happened once in my whole damn life. And I think everybody in this room knows what they're doing. So we're here today to say enough of this. We're here today to stand that Minnesota will protect their neighbors.

2364.113 - 2377.793 Tom Bilyeu

We've got to look into this. I don't just take his word for everything, but this is worthy of investigation. I'm going to be working with the federal government. I'm going to be working with state and local officials. The one thing everyone in my state needs to know is that your tax dollars are being spent efficiently. He did not do that.

2377.914 - 2407.423 Tom Bilyeu

He went on the campaign trail and was beating the drum to make sure that Somalis want to vote for him. And listen, man, I get it. Like there is... It is impossible to get a man to understand something where his paycheck depends on him not understanding it. He famous quote, poorly phrased by me, I'm sure. But the idea is that he gets elected in part through Somalis voting as a block.

2407.443 - 2427.946 Tom Bilyeu

And because of that, politicians in Minnesota make sure that they appeal to that voting block. And instead of going, what's my North Star? I want to make sure that Minnesotans are thriving on every metric that the government can influence. And I'm going to list the top 25, whatever.

2428.467 - 2447.448 Tom Bilyeu

And so we're going to go through and we're going to make sure that the programs that we have are positively influencing the metrics that we care about. And I would suggest that they reduce it to five. But anyway, and so we look at those five metrics and we say, cool, is this program helping that hurting that neutral of that? If it's helping, we do more of it. If it's neutral, maybe yes, maybe no.

2447.748 - 2469.081 Tom Bilyeu

If it's hurting, definitely no. But that's not how he's running the state. He's just thinking about this is the first time I'm going to say it in 2026, but it won't be the last. Politicians will do and say what ever. horrific lie they need to tell in order to gain and retain power. Once you understand that, then you understand what's going on here.

2829.412 - 2830.914 Tom Bilyeu

Man, that one is heartbreaking.

2831.075 - 2854.992 Eric

Yeah, but to the point with this Tim Wall situation, the left kind of backtracking on a lot of the gender affirming care and things like that, they ran on in 2020. I don't honestly know what the Democratic platform is in 2028. So that's why there's like 40% socialism. Yeah, like that's just the biggest block. But I don't think the DNC is up to that.

2855.032 - 2883.263 Tom Bilyeu

They don't want that. They are. They are. So they're all eyes on Mamdani right now. He won in a landslide in the economic center of the United States. If you're in the Democratic Party and you're not like that, then you're dumb as a box of rocks. It's like, dude, every day a boomer dies. And you're if you're trying to appeal, Gen Xers are going to be a big question mark.

2883.243 - 2907.082 Tom Bilyeu

But if you're trying to appeal to millennials, Gen Z, and I don't know if any Gen Alphas can vote yet. I don't know what their top age is or will be able to in 2028. But, bro, they all want to hear that socialism works. And that's exactly how Mamdani got going. Mamdani knows how to make the unpalatable sound palatable. And they're all historically illiterate.

2907.904 - 2930.277 Tom Bilyeu

And so they'll be like, yeah, this is dope. That is exactly what you should do. And because it goes like this, the economy is broken. Can we agree? Yes. Like even that asshole Tom Bilyeu agrees the economy is broken. What is the economy? Capitalism. So what's broken? Capitalism. How do we fix it? Socialism. That's the logic. It's wrong, but that is exactly what's going to happen.

3408.325 - 3429.139 Eric

Is there some initiative then to maybe go into areas that are a bit less sexy then? For example, we were talking about the Dyson robot before break that harvests the strawberries. And it's like, okay, that's an immigrant population. They usually rely on other low-wage labor to get that job off the ground.

3429.54 - 3437.252 Eric

Should that be kind of the initial focus on AI to at least maybe get it off the ground to not have those labor laws or those protests or picketing?

3437.272 - 3450.856 Tom Bilyeu

Because I feel like right now- I think it should be way simpler than that. If you have strawberries that need to be picked because the price at which It costs you to pick them now as a price people are not willing to pay at the grocery store. Get a robot in there to pick them, innovate your way to creating a product that people want.

3451.377 - 3470.734 Tom Bilyeu

This is why I say you have to understand humans as economic engines. Once you understand that we all want to get things, food, shelter, clothing, I don't even need you to go all the way to video games and shit like that. But like there are things that we need and we don't want to have to spend our entire day playing the survival crafting game that is life, going out and finding our own food.

3470.755 - 3491.133 Tom Bilyeu

That's how you starve to death in the winter. And so we ran that experiment. We, for God knows how many tens of thousands, hundreds of thousands of years, we were all playing an episode of Alone. And so it was like, yeah, people just dying all the time. And so we're like, all right, this sucks. Let's start living in bigger groups. Let's start specializing.