Welcome back to Impact Theory with Tom Bilyeu. In today's episode, we dive headfirst into the chaos and complexity of the current global and economic landscape. Tom Bilyeu and co-host Drew unpack the rising tensions between the US, Iran, Russia, and China as nuclear negotiations hang by a thread and warships pile up in the Strait of Hormuz. As threats escalate—including bold warnings from Iran's Supreme Leader—we break down the real risks of conflict, multipolar power struggles on the world stage, and the shadowy dance of global alliances.

But that's not all we dig into. Tom Bilyeu takes a hard look at New York City's budget woes, highlighting how soaring government spending and new taxes—championed by figures like Zoran Mamdani—may hurt the very people they claim to protect. The conversation exposes the math behind property tax hikes, declining quality of life in major cities, and common pitfalls leaders face when ideology clashes with economic reality.

We also explore the dizzying state of the US housing market, now at its least affordable in history—unpacking why regulation, limited supply, and political incentives keep driving prices ever higher. Plus, we hit on cultural flashpoints, from casting controversies to lessons that Japan's storytelling can teach the West, and the uncomfortable ties between AI, government, and authoritarianism.

Sprinkled throughout are lively audience questions, conspiracy theories, and commentary on the undercurrents shaping our society today. Whether you care about politics, economics, technology, or just want to make sense of the headlines, this episode promises sharp insights, spirited debate, and practical mental models to help you navigate the madness. So get ready—there's a lot to cover, and Tom Bilyeu and the team aren't holding anything back.