Fiscal Dominance: Debt, Rates, and 2026 Risk

Welcome back to Impact Theory with Tom Bilyeu. In today’s episode, Tom Bilyeu and Drew dive headfirst into the chaos of our current global and domestic landscape. From escalating protests and a rising death toll in Iran, to political drama between Trump and Fed Chair Jerome Powell, and dramatic scenes in Minnesota where ICE agents face off with angry crowds—this episode has it all.

The conversation starts with Tom Bilyeu setting the stage for these “transitional times” and wastes no time getting into contentious international moves, including Trump’s provocative statements about Greenland and the potential for U.S. military action. We get real-time analysis of the crackdown in Iran, including censorship, mass detentions, and China’s brush-off of international concerns.

On the home front, Tom Bilyeu and Drew break down fury over welfare fraud in Minnesota, the legal complexities of freezing federal funding, and the heated aftermath of a controversial ICE shooting. The hosts also tackle the broader implications: are we seeing the unraveling of global order, or just another swing in the historical cycle of power and protest? You’ll hear blunt takes on political ego, the emotional traps driving national policy, and reflections on the future of democracy, virtue, and economic survival.

If you’re looking for sharp insight, a touch of gallows humor, and honest debate on where humanity is headed, you won’t want to miss this deep, no-holds-barred conversation. Buckle up—this is Impact Theory at its most unfiltered.

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