The 10 Year % is So High Something WILL Break & the Situation in France is Worse Than People Realize

Key Takeaway

Use uncertainty as a cue to strengthen your personal resilience rather than make a single dramatic bet. Review your budget, reduce high-interest debt, build an emergency buffer, and diversify income or investments according to your own risk tolerance. The episode’s core practical warning is that highly leveraged systems can remain unstable longer than expected, so preparation—not prediction—is the actionable advantage.

Episode Overview

Tom Bilyeu and Ryan discuss rising U.S. bond yields, government debt, AI infrastructure’s demand for capital and energy, and the difficulty of deflating economic bubbles without creating new damage. They also debate unrest in France, cultural cohesion and immigration, military readiness, and the proposed modernization of U.S. energy and defense capabilities.

Full Transcript

Transcript of The 10 Year % is So High Something WILL Break & the Situation in France is Worse Than People Realize from Impact Theory. Auto-generated from episode audio; may contain minor errors.

10-year rate bonds are issued out of control. Yesterday it reached 5.3, and when you have a deficit of 40 trillions of dollars and it grows, such high stakes become economic loop on everyone's neck Americans. Riots in France, dude, become much worse than people realize. Hundreds burned schools, countless number wounded, thousands arrested, and people intentionally set on fire protesters. We let's talk about it. The situation with Pete Hegset absolutely clumsy. He started full crusade, announcing a series of military modernizations, including, but not limited to limiting, absence fat people, transgender people, bearded people, weirdos.

This is a quote. We we are going to reveal this whole thing, because it wild. Nuclear pressure Trump withdraws people from equilibrium, because he promotes new nuclear facilities, so finally modernize America and to prepare for artificial intelligence, and , we hope, to restrain the Chinese threat. Well, what? happening in Iran? Trump is doing some wild steps that many people say that he plans to reveal after intermediate elections, after by-elections. AND new model of artificial the intelligence I'm talking about never heard of it, just now did something absolutely crazy .

You guys have it. see. Today we let's delve into fierce debates about dangers, economic and other, from artificial intelligence. All this and much more in live show Tom Billew. Let's Let's get down to business. Okay, first of all, 10-year rate bonds, dude, she really came out -under control. Yesterday it reached 5.3. She does not show any signs of slowing down, and when you have debt at 40 trillions of dollars, which just grows and grows, and grows, because we continue spend the deficit to nothingness, you really are ready to suffocate.

I I know I'm saying this already. some time, but time It's coming up, dude. We have, maybe it was 10 years ago, before it explodes, but this time is running out for over a year now. Or Will we live to be 10? years, I'm not quite assured. When you start looking at where it really is It's going, it's very fast. becomes a problem. I I want you to imagine the world in the near future in the future, where do you have there is a debt of 50 trillion dollars, rates are growing by 7.8%.

AND now, suddenly, this just absorbs everything dollars that you have. You will have to to find oneself in conditions massive hard savings or simply absolute socialist taxation level for everyone. Treasury bonds just now completed their worst neighborhood this century, raising profitability under twenty maxima, because traders are getting ready to higher rates for longer terms. All looking at this and they say, "This won't fall." 10-year bonds increased by 87.1 basis points points for September quarter. This is the sharpest quarterly growth since 1994. Now the Fed is part of this.

16 September FOMC voted 12 against 0 for promotion rate of 25 basis points points to 3.75%-4%. It was the first increase from 2023. And this has already forced everyone to overestimate what will actually happen. People thought that rates will decrease. Nobody does that anymore. thinks. Even constantly growing Treasury buybacks bonds by Bessent could not calm down investors. AND Japanese yield government bonds showed unprecedented fifth quarter consecutive double-digit increase. And in everything In the world you see how bond markets are destroyed. We will to talk about it when we will get to France, which is literally burning.

Their market bonds, burning, has problems. So, to things, it should be obvious to everyone, who is paying attention. AND when you put it all together, eh -eh, it all begins to look gloomy. Last thing on US bond market were so bad in the 1900s. 10-year yield treasury bonds increased by 87 basis points from July to September. It sharpest quarterly jump for three decades. So, yesterday she reached 5.31. It was somehow uneven. Not where everything is ended yesterday, but 30-year bonds reached 5.65%. So, if someone doesn't will pull the rabbit out some magic hat, what am I not I see, we are now on the path to collision, and the debt will become the biggest problem which they encounter USA.

So, oh, oh, really? we really need to start seriously to relate to that means debt? I know, that somehow we for a very long time we are trying to convince people that can be accumulated infinite the amount of debt, and it doesn't matter. I literally heard how people said it. When I first started to say that we have The 10-year term is ticking. , people, of course, They said I was hitting. panic that I'm exaggerating, but The reality is that when do you have it happening, everyone they will hear that we are already been here before.

And in Why is there a problem? If in you are experiencing rising inflation, just remember Walker. He was able overcome inflation. But then the system was completely different. When in you are very small debt, because it seems to be At that time we had about six trillions, that's quite another thing is to have six trillion dollars of debt and 5-6% rates than when you have 40 trillion, which grow by two trillions a year without no signs decrease, and 5, you know, 3 %and continue grow. Therefore, the question is because where is it Will it stop?

Will there be digit to continue grow? And the problem in that many people will try tell you what it is related to oil, but the reality is, what actually looks like people who buy bonds, they say: " No, no, no, we just we expect better real profitability." So it's not easy nominal game about trying to catch up inflation. We say, that it is simple riskier situation, and remember, say with me now, in us industry artificial intelligence raises capital, and Treasury have to face with this, which, in my opinion , is the largest sum debt, which ever either accumulated on private markets.

So I say that this even surpasses that what happened under construction time railways so that you imagined the scale construction architecture, which happens for AI. And therefore the level competition for people, who buy debts, absolutely stunning, and that's why buyers say: " Listen, I'm ready. buy, but I I'm going to buy for at a higher price". And therefore, Ultimately, the market does what the market does, therefore the redemption program treasury nothing with bonds does not do so stop the fall. When the market decides, who wants the highest profitability, that's it what is needed.

Such game. You can't to force people buy at that price at the price you needed. And when I I say that the Treasury underfunded, yes, it has doubled. I I think he is now. tripled the ransom. This is not will matter with considering the amount of debt , which appears, trillions of dollars debt. Billions that he is trying to invest in this, this just little things. So yes, the situation will get worse before will improve, and the only the question I have is Will this or something stop it?

escalation before she is actually will impair the ability USA to pay interest on your own debt. And it is not obvious, that this will happen. I not even sure, what will it be like today moment, except extraordinary level austerity. So, I feel that interest on debt now, as you said, is one of the largest budget items. Um, and at 5.3%how much time we let's start paying more percent than for the military? We are already paying. Yes. We are already paying. And what does it look like in the future for us, as citizens?

So, when you talk about your uh , payment if I I think you normalized the debt to some 5.31%. If you normalize everything this, and you don't need to do this, that's not right what do you have today , but if you normalize all this, it will be about 6 trillions of dollars per year, maybe 4 trillions, but this an impressive amount of money. She is bigger than all of them. your payments. She bigger than yours military spending for some time now. Therefore, there is this famous quote: " Is this for a year?

If you normalize it? No, no, no, that's where we are now. If you normalize this is current rate, what again you still don't do it today, but over time all this debt will have to translate to the next level. When will you be translate to next level, like only you will achieve, for example, if everything normalizes to equal to 5.31%, it will be something like 4 up to 6 trillion dollars. This is huge. amount of money. And that's why we implemented all this policy when rates were close to zero.

And then it was something on like: "Hurray, we we can do this forever". And this, certainly seemed true, but anyone with a damn abacus can tell you that you just can't continue like this do. These percentages accumulate, uh, the amount you owe, just continues to grow, percentage the bet becomes that prevents you from paying this debt, and so how do you get in in this debt spiral, as debt becomes bigger and bigger ; then your expenses for interest coverage become all-consuming, literally all-consuming. AND so it will come to a point, when your only ones options will be hyperinflation, tough policy economies of scale tax measures, and The honest answer is, that it will probably be all of the above.

For a long time I beat drum around beautiful Ray's debt reduction Dalio about what you need to be done to to do it. AND The reality is that I I think you're out of beautiful debt reduction, and Now the only thing you need left, this absolute cruelty. You something will have to happen do. You or declare tough default, what we don't we are going to do, literally none the empire never chose the path hard default. The most honest way— to say: "Listen, we were just absolutely reckless, therefore we are not going some of you to repay debts." But they don't do that .

So instead of this they just They inflate money. Why? Because people They don't understand this. This is so annoying. And Ryan As a young man, I I would like to know what you think about this reason. But for me this is absolutely It's immoral, isn't it? position that ever- each occupied government, that is, I know that you don't understand this , so I'll get away with it hands. Yes. No, I mean , it is quite real, because I would say that one of things we don't we are learning, growing up, it is finances, right?

Even now, I would said I know a little more about finances, but it's all personal finance and similar things. So, of course, there is an argument that the government uses the fact that we are not we have enough level of knowledge on this question, just to to manage affairs as they please. Because in the end, everything we we see, this: "Here it is mortgage rate. Or Will I be able to someday? to afford buy a house? And this something else, you understand? Or they are distracting us with war and things like that.

To things, as far as, on In your opinion, war continues to influence on this? Do you think that the war is going on on such a scale that she continued, also led to the situation in which we we are, and in an accelerated manner? So, this is definitely accelerates events. All, which is now increasing inflation, will lead to this problem. But, if you look at mathematics, investors don't say: "Hey, we're expecting long-term inflation". Long-term the end of the curve is not takes into account the heap inflation.

This takes into account destruction of demand. Therefore , the reason why equal are growing now, is that investors say that you will pay me higher real profitability. I I just want more than your money. And this change in mentality, in my opinion opinion is that many people don't notice, because everyone think it's simple story about inflation. This is a story about inflation. This is not just a story about inflation. They are not notice the real one danger, which is that if you can't to convince people to give you money for maintenance of this debt or for creating a new one debt required for maintenance your unbalanced budget, then people just print money.

And now you more and more push inflation. So, we we are in this extremely strange situations where, honestly saying, answer, which the Fed offers, almost certainly wrong. So, although people expect, that this will continue, if you really are look at that, that's right , we have inflation pressure due to cost oil, but even when oil falls, you don't you see the same immediate reduction pond. Yes, we have inflationary pressure, but actually people lose trust in government through reckless spending, and international more buyers no. So, Japan experiencing its own crisis, a significant part Europe is experiencing own crisis, USA converted into money weapon system first against Russia, and now against Iran.

So everyone is looking at that's what they think: "Oh, this not the best anymore long-term plan" . They won't be able to to completely abandon from this, because they will have to watch on profitability. USA remain in the world, where everyone goes crazy. The USA still remain the best place, that's why people don't say: " You know what? In return I will buy Zimbabwe's debt. ". They don't do that. do. But all this is happening simultaneously with most in demand on non-government debt through artificial intelligence.

I have on I mean, it really is. wildly. Every time I looking at this, I think : okay, that's right will slow down. And when? I stop and think, why does it continue grow? Because nothing new happened. But The reality is that, although this is nothing new , it's a process. And this one the process is that that is on board more appears artificial debts intelligence that creates greater demand, greater competition. Then in you have the Fed, which raised the stakes, and expectations that they will be raised again rates, although now people's belief that they will raise them in November, decreased.

So this is something. But is it possible? in October, I don't I remember. But in the near future, on next meeting FOMC, they don't expect... It seems that this changed from approximately 70% assumption that next will be increase, it dropped to 30 or 40%. So it's something, but no one says they will start reduce it. So, when you have a Fed that raises the stakes, this is not too stormy economy at the level expenses. I mean , something like that. So, here's what we need need to pay attention.

Quite possible that Kevin Warsh, looking at AI, thinks: "Listen, this non-traditional overheating method economy, but this largely the result of AI absorbs so much this money. I to you, Guys, I'll break your spine. . So you guys, you will cease to have opportunity to raise money. It will just be like this. pointless, because the rates will be like this high, and it's almost probably part of it plan. But here I am I return to question: "But Wait a minute. If this is true existential build-up infrastructure, where The US competes with China, and we can't to afford lose, we don't we can allow to lose to oneself building up infrastructure artificial intelligence, we can't to afford to lose on building up energy, then suddenly it may not be increase by any price, and the increase at prices that will increasingly riskier.

Now that you thinking about inflating these bubbles, you must to ask: "What do people look around and They say where else can I go? move?" "And if they don't see anything else the way to go move, then they will continue to rely on current narrative, they will continue to promote it. Now , at a certain point the narrative breaks down, and just then the real thing begins hell, but now there is nothing that shot him in the face. If it leaked the first season of Anthropic didn't do this when people really see, as much as they don't tied to any which historical fundamental restrictions that usually exist regarding pricing, if it hadn't forced people to leave”, – yes, Okay, that's probably it.

bad idea. "Uh, then I'm not sure, What is this finally? will break through. Something for sure it will happen, but I I just don't know what. exactly. So, as I already said markets can to remain in illusions much longer than people can remain solvent, trying to do bet against it. So I'm not betting. against this, oh, wow, or I am diversifying, departing from this solo bets? Just to simplify, you are trying to say that, in your opinion opinion, processing centers artificial intelligence data intelligence compete with the Ministry finances for the same dollars, that, obviously true.

Okay, okay. AND then, on the other hand, we have these two factors : AI building, right? Um, and the war itself, which AI needs for debt , the war itself from the point of cause inflation, and then Fed rate hike, and then investors they just say, "Oh, yeah." in this environment you must pay us more real profitability". " Of course. And how are you? Do you think our steps similar to those we we do with Germany and France with fuel , or does it partly have with the aim of facilitating pressure on Americans, Is this a separate issue?

Well, I think that's it. separate question, because they trying to stop global, hmm, price spiral, which comes out from under control so that Trump looked worse and worse worse. Because if he will be able to force them to lower rates for bonds, will be less anger, less Furious, hmm, about that, Why did we start the war? Why us? are we doing? Also remember that diesel fuel—this world market, therefore he is thinking about introduction restrictions here in the US. China, Russia are introducing, hmm, restrictions on export of its oil and diesel fuel, and it begins create, hmm, true negative sentiments about what happening in Iran, which will certainly have backlash him.

So, I think this is a big part of it. And then, honestly, considering..." The situation in which we we are, this is what they should do. So you will have to try to keep equilibrium when we We are entering winter, and I I don't know if they expect it. people that El Niño will make Europe colder, is it will be softer, I don't know that. Uh, but the harsh winter in conditions, hmm, uh, fuel shock would be terrible. Yes, it's cruel here also. So yeah, let's cross fingers.

Well, we have It will definitely be wet. I am not I know what the predictions are. regarding the cold. I heard it would be colder than usually, and that we we can achieve freezing, but not freezing cold. Okay, so let's cross Fingers crossed for that. Dangerous, but not to to the same extent as in others parts of the country, one of those that like if you you are the perfect storm with in terms of weather, and in you people all over the world Europe is dying, so what they don't have energy to, um, to heat yours houses, plus a fool the policy they introduced regarding energy, really crazy.

This would be interesting, hmm, because, Listen, there are two. debate. Um, anyone, who says that the climate is not it seems to be changing wild. Climate is changing, that's what he does. Do they want people debate whether this is man-made, or not, that's a separate matter. But the climate is changing. And so, now you have a change climate, and you have energy policy , which makes it difficult for individuals now not to die from heat stroke, not to freeze to death. Um, and how is Europe?

Will he react? Will there be they continue to rely on the policy that led them to this situation , will we see how more right figures will come to power and will do what Trump does, that is energy for any price? And America is like that was a long time anti-nuclear, which is from my point of view very It is amazing that he finally doing something with hereby. Now, does it do he has something to do with it, because on it doubles the pressure Iran, fuel prices and artificial intelligence?

This is a question . Is this just an AI game? I am not. you know. But you don't will you be able to resist China, if not you will decide yours energy crisis. Got it. AND returning to America, I want to take a second a small hypothesis. So, it is obvious that we we are experiencing now one of the largest bubbles in history America. And let's assume that they are calling you, bells, bells, Greetings. This is Bezos, and he says: "I no longer I can do that, Tom.

I need you to took my job." « Everyone run to the exits. . Literally immediately. This hypothetical idea is that you do you want to do this Yes? Um, how are we? let's make this easier bubble without giving Is she going to burst? For, obviously, you can to release a little air, and this a slow process, and we could do it, not letting it burst everything, but what are yours methods? Oh, my God. Um, no. none real method, except that trying to do Fed. So, if you make an engagement more expensive money, theoretically it is will force people to retreat.

But, I I think the only honest one answer, and, of course, the only thing I I would say that this is what the only way out of this —this is innovation. And therefore we must do what what is Trump doing about nuclear power introduction energy. Unfortunately, it takes years, so I I think that people they say that the first, uh, portions energies will appear somewhere between the 28th and the 30th for years. Er, 2028 and 2030 . So it won't be. immediate decision, even if you imagine it.

Um, I think the alliance, if we will so generous, to use this word..." From It will be Venezuela. very appropriate. Uh, me I think that focusing on the USA, us, perhaps, will have to introduce more export control for a longer period. So do everything possible for software power supply It will be right. So reduce the cost this, so that we don't The Fed had to continue to inflate rates. THERE ARE- Well, you can't. to force the owners bonds to say: "I I will agree to the lower one.

"bet". "So, he can try. Obviously, Bestin trying this to do, but I don't I think he can. Um, that is, if to talk about actually blow away artificial bubble intelligence, then, Listen, there are things, which you could to make it so to break up I just I think that's a lot. more dangerous than allow this deploy in a normal way. It one of those cases, when almost certainly, because these systems so complicated that if you try intentionally blow away bubble, you eventually destroy something elsewhere and cause much larger problem than the one that, what do you think, trying to decide .

So the medicine becomes worse than the disease. Um, yes, that's where I am. I refer to the fact that a person must to position oneself so as to be able to experience hyperinflationary, not real hyperinflationary, and, um, name it reckless inflationary environment. And exactly this is actually will happen. And since I don't feel, uh, really, I don't I feel that good enough I understand economics, to be a person who pulls after these levers. I think…" that would be really catastrophically. Hmm, there may be options, which I just not good enough I know how to say: "Oh, "Well, there's one more thing." But I think that if there was a simple way to blow away bubbles, we would have done so historically.

Um, there is no such thing. After all, you trying regulate. When is this it happens, you trying regulate and say: " Okay, here's how we let's avoid this next time". But in the long term in the long run it is not works. Therefore, look at 2008. We have implemented historically high level of regulation to protect banks, and all it does is carries this demand from official banks to private sector. Because when there is a demand for something, people they will find a way to do this make.

And right here, I I mean, this is how these systems work. And if you try take control of these top-down systems, you will end up in China or Russia, and they have everyone has their own problems, up to concentration including camps. So, and I'm not saying this for in order to be cheeky, just like reminder. by the last few years. I don't know how much, hmm, are still in camps re-education. But this what is now is happening. This is not what you don't need listen to Mao to to claim that people just sent to concentration camps.

Therefore, for I am absolutely surprised, what about people in general consider it option. So, uh, the real answer— much less to worry about artificial bubble intelligence and not need this debt because you balanced their budget. And if you look at that takes place in Argentina, there are steps, which you can use, including measures austerity, but there are steps you you can use it to avoid to be reckless as government, so that there is no all this competition for your debt. And it's simple. the real answer.

THERE ARE -Uh, yes. I'm curious, and this might to be simple wrong understanding the concept bubbles. But I have meaning that you even are dragging Argentina into it. Argentina, yes, saw good numbers on paper, but the quality life in Argentina also significantly decreased. which damaged the quality life. That's what the problem is that to get out. In such situations need to say that we must be strict. And this is it, what people don't want to do, but when you grew up in the system...It was the interview that I was going to show, but the problem is, what was it in Spanish.

But in any case, was the guy who has were interviewed in Argentina, and they asked something about like: "How do you feel?" Do you feel it? What are you "Are you doing this?" He's like, "Oh, I'm waiting in line. " Forget what exactly he was waiting in line. It it was similar to filling out an application for work. And he was very angry that he had to to settle down work. This is a boy, who was 35, and he applied for work and could do it perfectly work.

Nothing bad, there was none mentally ill, not physically weak. 35 years old and never had work. And the reason, why didn't he have it work, consists in because, as he said at 16, his involved in the program social software. So he just stayed in this program. And also one way in which people support work, consists in because they create a frenzy number of workers seats in the state sector. And now everyone this money, printing money, hyperinflation is coming for employment many people in government. Now that you shorten all these people, you say about tens of thousands people you you are losing your job.

This will obviously be a huge hit. AND least popular phrase, I think, which politician ever said, this is when people They say to Malay: "People "will die." And he answers: "People don't "will die." People they always say that. They will find a way. survive. "And that's true." And this is where I begin. talking about your matter, namely, that that we, in modern times In the West, they decided that people don't need carry responsibility for to stay alive. Government will intervene and save everyone alive, will keep everyone afloat.

So we strengthened responsibility Up, not down. I firmly convinced, what do you need put this responsibility for individual person, family , local community, churches. For example, if you want to make sure that someone won't die from hunger, then do something organized community, so that to protect people around you, because that's how way people who contact you, will actually know, are you trying abuse the system, or not. And if this no, you are facing with a huge the problem of freeloaders , about the existence of which, I know people don't want to to think, but this is one of the most real things throughout evolution.

But regarding the question of the bubble that I I wanted to bet. I appeal to bubbles understanding artificial intelligence. Well, yes, because I used Argentina as starting point for this issue, but with this bubble artificial intelligence, did you mean that we just need to wait, let her do it what she should do . I understand that when in the economy a bubble appears, whatever it is, the only way out is to she finally It's cracked, isn't it? For if she will continue grow, she eventually -the end will come.

So you Do you mean that we just need wait until she it won't work, but isn't it? will this lead to more massive destruction? Is it possible? I am wrong. I understand the concept. bubbles? The question is because what is the actual Entrance. Therefore, raising rates— this is one of them. If look at Fed's ability actually influence behavior, you have ask: "Okay, what about will break if they "Will they do it?" "So, if the Fed raises rates, will increase bets, who is it for will hurt the most?

They will harm ordinary American citizen, because as a result, the government will be forced to resort to measures austerity, because cannot allow owe yourself a debt. As soon as you will understand that the biggest, hmm, in need of debt, is the government itself, then you suddenly you will understand: "Oh , people who will be pushed to tough measures savings for using the method, by with which you trying to stop bubble, will be the same people, which you are trying prevent austerity. So, this is incredible. interconnected, complex system.

AND therefore, trying { quote} stop the appearance of bubbles, you you're just breaking something somewhere else. And right here the following occurs feeling: "Hey, come on." who, who gives due to Vorsh and says: "Okay, here's this one." The guy comes, and, you know, he has, um, boots, pants are tightened, and he will be like Walker, and he will show these guys, and he will break his spine inflation". This is something on like: "Yes, but what exactly?" He is going to use the mechanism. AND this mechanism, to which he has access to, –this is an increase pond.

The government is shouting as loud as only can: "If you Do this, I can't do it. to pay interest on this debt. We will under threat "hard default". They won't say that. , but they are not will declare a tough default, they will declare a soft default. And guess what, Who will get hurt again? Average American. AND guess who avoids this, because he knows what he's doing? Wealthy investors. AND it's something like: " Freaks, please. "Stop?" Yes, I am. I understand. All panicking because artificial bubble intelligence.

No one more than me. But you must explain I have a mechanism, for with which you actually stop formation of this bubbles. AND The reality is that Did you do it? Stop as if just investing no longer allowed. Um, or we're going remove all debts from systems. There are things that you definitely can try it, and if it it's crazy, they're back will try regulate it [ __ ] to rule out him out of existence, but will find out that it moving somewhere still, therefore always bubbles appear.

People, if there is a demand for something, people will find way to get to this, even if you push them to riskier things, such as private lending. So yes , the question is when you are going to introduce some draconian system , and if you will you introduce it or not? she really is better? And I would say, What is the answer to this? the question is no, it is not better. People should to unite, that's it for the government with balanced budget. And for the government with balanced a budget that does not have 40 trillion dollars debt, when a crisis occurs, they can actually react intelligently , and then break out of her with the help of growth.

But this actually a story about whether you want to decide your own problems, balance your budget, develop economy. And if you want to develop your economy directly now, we only have one solution, and that is AI. So, I mean, that this could be ours point of view on timeline, so What exactly is innovation? make people more productive, that actually contributes growth of real economy. So if someone else has another growth story, let him speak, but people have long been were looking for the next one growth story, and, hmm, the only people who found, it's China, and the only problem is that that initially needed in bulk to impoverish your people, and then you can to be a story growth, but, um, without this it's simple technological innovation.

Of course. So we would have to run to Argentina or China, to really to recover from this, it's something like to run in Argentina or China. I don't know about What are you saying? People became poor because success. Well, I just want to clearly explain what this is was joking a statement in which it was said: yes, Of course. For example, if your people... That's what I asked. Uh, so here's what we have to do need to be careful. I have on meaning that anyone, who says the world is not felt none growth during some 80 years after World War II wars...Okay.

Someone will say: well, that's not true . Look at China. And I will say, yes, but if you install not even on the bar level floors, and dig a trench, place the bar inside this trenches, and then just get up, because it is very debatable question, which percentage of their the population actually lives above the limit poverty. But if you pull people up just to the basic level, then it will be to look like a charm history. And that's right, and I never love to speak ill of China's growth.

It absolutely amazing, that they finally pulled their heads out of their asses and achieved extraordinary successes in the 80s, 90s, and 2000s. It was fascinating, and if I were Chinese, I would celebrate it to heaven, because we finally doing what we need to to take the lead position in the world. It It was amazing. But again, you count down the time from someone who killed their Mao, killed 45 millions of them own citizens, starved them, did everything possible nonsense, kept an iron grip on power for decades; and it is from this starting line they look like shining lighthouse on the hill.

But The reality is that in there are still more of them number of poor people per capita population than we have in USA. Amazingly. So not that so that the average the Chinese was the same rich as average American. They just not like that. So you need to be here a little cautious and to ask a question: It's good if China— bad example, then what do we really need need to be done to evolve? AND the answer is a period, energy and innovation. That's all. And now the USA.

Why am I saying this? If look at mathematics, then this some number that I forgot. But there is a certain amount of energy, which you bring, which is direct one by one to one of your growth economy. So, when you limit your energy, you limit their ability to growth. Look at Europe. Look at Canada, isn't that right? Canada just in the free falling. Europe is not much better. So, when you look at America, which begins to go this way, you Do you understand how we got themselves into a trap , namely that we do not were going to grow, because we didn't increase your energy.

And therefore, America, significant. part of our growth was related to financing everything , which in itself is problem. But we at least for now slowly starting to return to actual construction in the country, and that's exactly what you need need concentrate. You need to do artificial bet intelligence, because it shows signs of real transformations, and this means that this is innovation that you looking for. It will require you energy attraction, but now you have these two things that compete for debt. One of them at least makes some sense, though correlation crazy, AI, a the other one has none at all no sense, namely what the government spends exorbitant amounts deficit spending, which is absolute madness.

Speaking of governments, France again trying to overthrow your government. France likes to rebel. Uh, this is something real interesting, but hey, more power to them, apparently. So, Franz, Tell us about it. To Damn these kids. Ryan went crazy. Oh, I'm just doing it. transition. Honestly , I have no idea about this story. Yes, t-that's very fast. It's getting darker. Riots in France is much worse than people think. You have hundreds burned schools, countless number wounded, thousands arrested, and they They set people on fire. I saw a few like this cases.

Firstly, The firefighter caught fire. Another one, if you ever- have you ever seen aerosol fire, when someone takes nail polish for hair or something this and that lighter, and then just blowtorch, uh, right in the woman's face . It was madness. THERE ARE- Well, they attacked a policewoman, They beat her to death. I I mean, this absolute madness. It all started with that which high school students blocked their schools because of the crowded classes, no teachers enough, buildings were destroyed. AND listen if education in France in in a difficult situation, then, rightly so, you have there are legitimate complaints, but riots and steel reaction absolutely crazy, and very many people, from my points of view, should to go to prison .

This is wild, and I'm not saying about them simply picked up the same day. I I am talking about that went to prison . Look at this. These video–absolute madness. That's right. wildly. They are setting fire buses and it seems send them streets. I don't know, I I assume that they just put a brick or something on gas pedal, because you have there are buses covered flames that travel street. Politicians, which allow this to happen, have to to be attracted to responsibility, because, children, your country immersed in anarchy, like every several months.

It as if Europe is fast Run, whoever can. to finish first civil war . Great Britain tears itself apart pieces. France- simply absolute madness. 305 police officers already were injured. By the way, this is ongoing. only about 2 days. IN there are already 305 of us police officers were injured, and , by the way, this is probably outdated numbers, because, It seems that it was before today. 170 students, 65 school employees –all wounded. Uh, in You have a bunch of directors. who were attacked. It absolute madness.

Violence spread throughout country. So, there is buses, as I said said the garbage is burning everywhere, bus stops are destroyed, hundreds of schools, it seems, over 400 schools closed, public transport is closed in several cities. Uh, was this local politician, I don't know if you see it. It was looks like a governor, and not the governor, but the mayor of the city. Yes, here it is. our man. Look at the screen. This guy, um, mayor 150 000 people. This is supposedly from forbidden zone. Uh, okay, here I am, like avoided talking about it's on this side, but this question is completely about migrants.

I I will say this on this. stage, because, I think, people, apparently, exaggerate immigrant aspect of this issue, but nevertheless, this the guy is in control an area where 90% is immigrants, migrants second generation, third-generation migrants generation. Essentially, such a narrative, and Look, I'm not I think that this there is no narrative of no value. I just please be a little Be careful with this. If you allow to their culture countries rot, then it's not so much about immigration, how many in because you just don't you know why you are speaking out, which, in my opinion, opinion, there is much a bigger problem.

THERE ARE- uh, yes, people need integrate. Yes, immigration is a huge part question, but if you stop there, you will receive emotional trigger hook and run the wrong way. In any In any case, do you have this guy who supposedly located in forbidden zone, damn mayor, and he celebrates with people, attacking police officers, setting people on fire, smoking buses It madness. You are not Can you tolerate this? [ __ ]. This is so wild. So, for me, this is preview of what will happen, when you allow to be absent from one's own country culturally consistent .

You must to culturally harmonize your nation. Point. What caused this? What provoked restricted area or this guy? provoked unrest? Because I don't I think we are discussed, I even I don't know. I ask. Yes, okay. I think we should separate immigrant element of this, because what will happen is that Chad will start blame everyone immigrants, and we really need to fight against, against what are they protest/fight unrest. Okay, here are the bad ones. news. Here it is. begins to wonder. So, there is none. way to make it happen simply dissatisfied students.

I'll just say You have it now. They are not will be so well organized . They will not so cruel. So, a tough pass. Uh, what will be the official one the answer, we we will only see with time , but there are rumors, which are justified, which begin to spread, that is, maybe there was basis. Ryan doesn't will like this part of ultra-left group, known as LFI. Good. After the emergency crisis meeting prime minister France stated that their French The intelligence has arrived. conclusion that all this organized by LFI.

Now LFI denies this, but LFI has a track record list of similar ones things that do enough accusations probable. Therefore, this week the mayor of LFI in Saint-Denis visited a blocked school and said that in a certain moment of violence may be legal. I I think we've heard that before. previously here in the USA. Paris police, uh, sent him to prosecutor's office. He says that supports each your word. In 2023, when France was burning after police killed 17- a year-old boy, uh, Mélenchon refused. to call for peace.

So, here it is. Yours French politicians just allow This is burning. Dude, this is so reminiscent of that we saw here during summer of love 2020, when there was something on like, "Hey, these things justified. Why we tell people calm down? That's all. justified." One the guy even said: "Listen, these children are harmless. These children are harmless, OK? Let it be resounds in the air. AND police attempts stop them from protests–this is racism ". It's something like: " Jesus Christ, guys. This is absolute nonsense. ".

So, LFI is not tries to nobody appease. They call for justice. Again, this is what which, I think, we are very accustomed. Uh, in February Lyon was 23 years old. far-right activist named Quentin, who was beaten until death. Among accused was parliamentary deputy's assistant from LFI Raphael Arnaud, which was co-founder Antifa groups, first than the government eventually her dissolved. So let's see if it is will turn out to be true. As I already said, the government claims that their intelligence data flawless, and that they know that it was LFI.

LFI says these were not we, but LFI has a long track record statements that such things are justified, violence justified, organization of similar things. So we'll see, What will this lead to? But, in my opinion, this symptom of philosophy, bordering on the mental disease, namely that if something goes wrong, can be arranged riots and set fire to everything, and not there will be none consequences. Quite it's okay to have prohibited areas where people are building a culture of disrespect for countries, but culture like "damn this" country and destroy its".

And when people no longer believe in country, people don't looking at yours history and they don't say, what do we have to be proud of, something that makes us unites, then this is what you will receive. West held on for a long time floating. And, obviously, I I am talking about the period. after the Second World War. We have there was an 80-year period of incredible beauty. AND now he is catching up end, because we have this self-flagellation and sense of self sorry, that's absolutely absurd.

And if Europe will not start to determine one's own identity by country or how European team, if they they won't start to see the value of one's own culture, taking into account the pace at which they attract immigrants, regardless of whether is this due to immigration or not, if you are engaging a bunch of immigrants, and I I think that statistics in Great Britain was about 96% their growth in 2025, uh, 96 of something%of everything their growth, population growth in 2025, due to immigration. Yo, this is madness.

If you don't do it this way to unite people so that everyone is interested in to be citizens Great Britain, to defend British values, you will see level increase violence. I don't know, what else do people think will happen. People don't are gathering together in enclaves, separated one from one, and not unite peacefully. This game doesn't work that way. People end up fighting, especially when you have senseless socialist politics, simply absolutely ridiculous energy policy that does things more expensive. People understand. We We are fighting for the pie that decreases.

And when people are fighting for shrinking pie , they go to populism. When people are moving towards populism, they are thinking emotions. And when do you have there are people in divided groups, each of which has its own sense of identity , without common national identity, fighting for the pie that decreases, everything develops into violence. It mechanism. This is not true. It's hard to explain. It mechanism. This is how it is is happening. Here are some people. And therefore, if they will not find way of growing, so that people's lives, and I I'm talking about the economy, if they don't will grow economically, so that people could see: "Oh, my life will be a little the next best year than this one.

Life my children will be better than mine." If you won't show this the path to growth, if you don't start reduce costs, making life more accessible if you you will not bow to innovation instead to try to be excessive proud that "we we adjust everything to "death" if you don't you will cease to have antihuman desire to see growth population, if you don't stop all this nonsense, then people will really to fight for the pie that decreases, and they will really be to become more and more more cruel.

People, diversity is not strength. Variety creates chaos. You need to have people, which have in common national feeling identity. And we let's get to the strange the look that Ryan looking at me with about this comment. Creates a thousand percent. Children, diversity is how you finish madness. Simply to make it clear. The reason why this was 96 or how many there are percent, this number is 90% , I think what you were looking for. But that's because what from the point of view born citizens France...

No, no, I said no. about France. I spoke about the Great Britain. Good. But it's still can provide context for Great Britain. I would have to see the numbers Great Britain. But in France in 2025 there were 645,000 births, as in France, and 651,000 deaths. With an estimate immigration 176,000, namely therefore immigration was the only driving force factor through correlation mortality to birth rate among French citizens . I don't know what they are. called. But what... So, I think mine the thought that I I'm trying here.

to convey, is to because when you you see numbers like 96% of the country's population, increased due to immigration, you need to find out, What is this specifically, right? Yes? Because when we looking at this, 645,000 births occurred not among immigrants. Just them, in your own turn, excluded deaths, or wrong? And that's why 176 000 look like this 90%. Yes, but like everything else the vast majority, impressively overwhelming most of the net population growth– these are immigrants. Right, but when you just say 96% because what I said, is actually true, and even bright light that you are spilling on it, doesn't change anything.

So, What do you think, you? you put forward as if Does this change anything? What is it changes? Because when you just say it, and that's it dispute in context about something, that doesn't matter, because this is France, and you mentioned the Great Britain, but this the reality that these 96% a little more. This is not just 96% of people who came here, immigrants. It's like something more similar on a dog whistle than in reality, Do you understand? But wait, wait, wait, wait. So, this is not nonsense.

It makes people...I I'm telling you straight up, what's the point? That's my complaint. If yours is clean population growth is immigrants, you have there is no way to them assimilation, and each your policy encourages people to populism, you get more this violence. It cause and effect. There is none here. secrets. I think, whatever, because that what am I reading about these riots in France specifically, this that which concerns worsening conditions in secondary schools, which they call lyceums. French I am being corrected. Chronic shortage teachers, overcrowded classrooms and insufficient school funding.

You Do you think that all this due to immigrants? Does it sound firing firefighter as smart reaction to this? This is not true, but we are not we can...I have mean that you trying to draw a picture, that increase immigration creates such a level violence. You are clear. said about variety, when I was talking about riots in France, I am very clear said he avoided the wording of this as a question immigrants. I spent 30-45 seconds, to say, "Hey, be very careful, without mentioning all this problem immigrants.

The real problem— "it's a lack of assimilation." So remember, I I love America. America is literally immigrants , tiny, from above down. That's why America is working. Not there was none social program. You could have died on the ships are right there. AND then when you get here you have arrived had to deal with with the eastern winter. Good luck in life. And in certain time in certain colonies are many people just were dying. And so how did you get a certain type of people who came to America.

Now that you collect what I would call entrepreneurial a class of people with Puritanical work ethic and mainly Christian, you you start, regardless from the fact that they immigrants, regardless of whether that they come from different places, they share an ideology. And over time it is polished into something, what is becoming America, which very easy to determine, where people shed blood, to create it. They sat down, wrote out their values, your structure, all that, and They said, "Cool." Here the idea that we will all be support".

Therefore, until what time, 1914 or something like that? Uh, we just...Actually, I I think it was later. In any case, during a very for a long time, until 1900 years, we have there was no no checks immigration. So you could just drop by to this damn thing America. "I am from Honduras. I am from Belgium. I am from China. Uh-huh , from Congo. Whatever ". It didn't matter. You were supposed to be taken to country. And you or you will succeed, or you will fail depending on your own merit.

Nobody knows you. was going to delay . Then we get New course. Now suddenly you have problem with immigration, because People don't go because they want a chance, they they go because they want to alms. This creates completely different scenario. Now, if you also have mentality that we are not we expect from you conformism, we we want to be extremely respectful to yours own traditions, so we want make sure that you you can come and to do everything that if you wish. Occurs ghettoization, therefore people are isolating now yourself, and this is exactly why A little Somalia.

So think about Italians, right? They experienced extraordinary discrimination when joined. The Irish suffered extraordinary discrimination when joined. But eventually they are integrated into America. Now they consider themselves Americans. And if you can get Somali population that says: " [ __ ], I'm here to be American. I American foreign origin. I want to be here to be American. I want get a part this opportunity, to come and something build", you don't have there will be problems. You encounter problem when people self-isolate in period of great population size.

They don't expect integration into the American system . They are not forced to study English. They are not taught. American values, by the way, we not only do we not teach American values, we we teach people that America sucks, that just madness. Don't do this. Yeah, dude, what are you talking about? Are you talking? I just passed our the education system, and I can tell you that never anything taught that America sucks. Me never this taught. And there's this idea, that the education system does not instills American values.

I have on mind, the fact that I I'm sitting here talking. , I think, shows that this is a demonstration our American values, because I I use mine. freedom of speech. I I use mine. freedom of expression views. This is what I I respect and love you. to your country. School didn't teach me to hate one's own country. This is funny. It how to say when someone in the chat says, "Oh, Ryan has left "only college." Guys, it's like me studied it since high school schools.

I read all these. things. I admire history. History. Me I like all of this. argument about how the world is arranged as America is arranged. But this whole idea is that our education system does not inoculate proper American values. It's simple. falsehood. Me every day took an oath flag. I think that That's strange, isn't it? But there is something American, that instills something American. You just generalizing a whole group of people. What group of people, on in your opinion, I generalize? I think that, saying that you use the word "Somalis", you you say they are not will come and want to preserve one's language, but there is nothing the bad thing is that they will keep their language.

They just want a better life for yourself. There is a huge problem with preserving them my language, with what I I just don't agree. Well, let's go. make sure that we we disagree about the same thing. So, firstly, if you don't realize, that in the last 30 or 40 years ago radical, with a big letters, RADICAL change in perception America yourself, you, uh, You don't understand, uh, number of revolutions around the Sun, which this planet did, because, brother, this madness. And when you look at how America defines ourselves, as we say about herself, she completely shifted with: "We are a nation that has moral authority, we are, uh, the best and the smartest, we— the most powerful nation in world", and now she shifted to: "Um, we —settlers- colonizers, we— radical evil, we never got rid of, "uh, the sins of slavery," and all that.

Can you agree that this is important now part of the public discourse? I think you are a little generalize so that this it sounded like it badly. I will say, Ryan, this is a terrible thing. Do you think that [ __ ]...No, because It is important to know our history. Everything that you counted, we should know. And I don't I think that schools tell people, what is this, that is America is bad. This is not That's how it works. As if ours government so many times let us down.

We have there was just a segment with the bond market, where talked about how our government us fails. Right. It rather a mirror that They keep us, that's what we were promised, not that what is there There are many things here. . And when we begin dig into it, we we understand what we did it always is. Here is ours history, this is how we needs to be fixed these things, this is how we do it Let's fix it. I don't think so. what are school systems or teachers who promote ideology "awakened", right?

Yes? This is where I say that you generalize when you start talking things like that institutions teach people to hate America. It doesn't seem to work that way. Okay, so we will have to...as you you know, I have a bunch receipts for such things. We definitely can. make a segment where I I will show you. video by video by video where people they talk about how they are strong hate America, but are Americans. I don't deny that this is Yes. I mean that when do we start to generalize and to say that education shows you, uh, reel after reel, video after video, where college professors they say that America uniquely evil...So Wait.

You have given specific arguments, therefore we must start bringing them out. One of them is Tommy, you funny. Uh, higher education in America is not teaches people to hate America. Yes. Uh, that would be very easy to refute, considering number of professors who are leaning left, uh, compared with number of professors who are leaning right. Be patient. me. But why do you say that? leftists hate America? Because if you look at rhetoric, on books, which they ask, on what they say, on the fact that preach college professors, to where they are going donate their money, so it all comes down to that I would call anti-American goals.

So I hate America, because I have lefties views. I hope you don't hate america No, I don't hate it, because, I think we both we know that to summarize the whole half of the political spectrum as America haters a bit silly. Okay, first of all, I don't I say that everyone is left-wing. hate America in its ideas like this is evident from the fact that I don't think you hate america I I say what is necessary. remember what everything is made of it has begun. America must have positive vision herself, what she is reinforces within oneself.

AND when does it appear immigrant, his need to be inspired by this . And if they don't are purchased at American values, on American perception of oneself, then bringing this human will cause chaos. Why? For variety There can be a lot of opinions. dangerous, especially if you are you worried populist period . When I say this, I like it, how, I hope people know, I create the opposing team. I I want people to think. differently than me. Me I like that you resist. It will help me to improve oneself thinking.

This is great. I I don't have that. no complaints. But if I felt that we we share with you fundamentally different values, that is, what we we want to see America destroyed, that she is so corrupt, that her need to burn to the bottom, then I would say : okay, that won't happen fruitful. However, if we share the feeling that we need to do significant contribution to our country, we should not try to take from state aid, unless we we are in real crisis, we must try to become as soon as possible on your feet.

The government must balance your budget. We obliged to protect our citizens. We obliged to win at the world stage. We must concentrate on innovation, right? Yes? I can explain. a bunch of things. In a separate the person has a spark divinity. It correct level analysis. We must to have the right to privacy property. We must follow Constitution. All of this. If we agree with this, and then let's approach this with different points of view, like Do you think we should should be taught in school a different narrative about how we should react to the story slavery, that's great.

That's where you get fresh ideas. People see things in a different. They exacerbate one one. This is great. But when do you have diversity in yours fundamental values, you have a real one arises problem. And I say that we create on In the West, in general, a situation when, because we have, I I will say, aggressively. incorrect economic structure because people may not come in order to do contribution, and to take, This is quite attractive. a different type of people. Therefore, you attract with all the people of the world, who want to come and brothers.

You allow them to be in to one's own enclave where you don't Tell me what you're doing here. happy because you agree with our main fundamental values. You say: "Well, if you want to live like Bosnian, then do it. As if it doesn't matter, that you are no longer in "Cursed Bosnia." And here I will remind everyone that if I went to Japan and said: "I I am going to live. American life in Japan." Damn, me [ __ ]. Not Japan for that matter that doesn't allow me to be bold American.

I will follow their way life. For example, not is it possible to smoke on streets in Tokyo. I I'll repeat that again. Not is it possible to smoke on streets in Tokyo. Devil Take it, American, who thinks he can. Literally, come in my little [ __ ] mink and chickens. That's it. the Japanese behave, and a thousand other things. I I say that America has identity. IN France was identity. IN England was identity. And if these guys want to be so suicidal, that will refuse of their identity, they will pay exactly this price because mechanism, and I think that we are not together agree.

I say that this just [ __ ] mechanism. I am not I express an assessment assessment of immigrants. If I moved somewhere else, I would be immigrant. So I I know that immigrants– It's me. This is just a person. , who went somewhere. And the question is how they behave when do they get there? THERE ARE their methods behaviors that are stunning, and there are their methods behaviors that are absolutely senseless, that will cause conflict in this country. And this is it the part where I say that there are none disputes regarding mechanism.

People are tribal creatures. When People are tribal. beings and emotionally they think, but we are, and pie actually decreases, and this is so, people will fight. AND You know what? This damn thing the world reflects to me exactly what I'm saying. So , uh, I don't...No another way understand all this. I think we evolved further points when tribalism must to control our actions. In view of this, we should probably move on. Therefore, let's move on to American Army with Pete Kegsbrother, because he had something to say about...Well, with What do you want to start?

? You want to start with Peeta? Yes, let's go. Let's do it. Okay, here's what Pete told our military. Oh, I want this. prepare. Yes, so we want a longer one clip. If it is very short, here's one, which lasts a while more than a minute. Good , dude. If you, Guys, not this. you see, you want to talk about the battle for determining that what does it mean to be American. Sweat Hegset does it all it is possible that rethink this, and, oh God, Pete Hegseth, the whole this situation is becoming absolutely unexpected.

He started full crusade, announcing a series of military updates, including, but not limited to limiting, absence fat people, transsexuals, bearded people, weirdos. You will hear this is directly from the man himself. All This thing is wild. Listen. I just thought that he, um, was referring to your Grindr profile. Perhaps. training, readiness, responsibility, discipline and lethality. And when you desire these things , you don't need to walk on eggshells No more social engineering , no armed IG policies. Complaints, ideologues and failures performers no longer behind the wheel.

More no fools PowerPoint trainings or drag queen show. More no quotas for variety. No more gender pronouns. More no months identity. Only the ethos of a warrior. And I know, What do you feel? because I was in yours divisions and met with yours troops. This changed formation goals, as well as little meant. But worth repeating again once, so that fake understood the news. We no longer awake branch or weak department. Simple translation of this? No buttocks. No fat people, no transgender people , no bearded men, no weirdos, no weaklings, no radicals.

Only warriors. Just strong, that's it. your person. Now, definitely a new era for American army, and, justice for the sake of, we need radical reconstruction American army. We are not ready at all. to modern warfare. But, oh, oh, those were quite clumsy comments. So I will very frank. I I think the army should involve the most enthusiastic people on planet Earth, people who want to defend this country, who are willing to pay the ultimate sacrifice. We should be related to these people as before heroes that they are, what we clearly do not we do.

So, for a thousand percent, I want to see people stable, focused on in order to be strong, to be ready, have high level mortality. But that, what I hate to see , this is a direct oscillation opposite direction. So instead of to be proud of by their nation, to be proud of that protect her and defend it, be ready to become one of the most educated and deadly people on planet Earth, a person who is highly disciplined , we create something simply reactionary. Now it's "I know who I am" "because I'm not like that." I not a beard, I'm not a weirdo , I am not fat and I am not trance.

Well, for me it is [ __ ] is anathema. I I want to see someone. who says something on like: "Hey, take it David's approach Goggins. He trying to enter to the army, but turns out too much fat, and to him they say it's not possible to join the army, "if you don't lose weight." AND here is this man goes to one of the most inspired travel, which any what kind of person is this? did something, to bring oneself into shape and become proud member of our armed forces.

This is what What I want to see is this I want to note. I am not I want to see someone laughs at him, because he wasn't there at all ready for military service. I I don't want to see how they take someone, who is not ready. But I I want to see generation of children, inspired to become so persistent, in in the form of people who defend America. But to do this, we need to draw a picture of who you really are America, what is it?

symbolizes why this a place worth protecting. In my opinion, this is exactly it. I want to hear. And exactly this is what it is the crazy part populism–you just move from one side to the other. So, in You have Hegset, with whom I I understand why people have a real enmity, you you get it as response to people, who posed in in military uniform fluffy costume dog's face, which it was just as funny. And that's why I don't want to to see none of these extremes.

Was the atmosphere that was in military, let's call it this is after the Second World War II, when we understood the real sacrifices necessary for defense of America. People paid the highest price so that we can all live freely, and we must respect these people in the military readiness. And this is it the part where I really happy to see what he does Trump administration . Uh, and this is a project " Meridian". And so, Pete Hegset, do you love Do you hate him? collected some of the most outstanding engineering minds planet Earth, including Elon Mask and Andrew, co-founder Palmer Lucky, to be essentially fully rethink modern warfare, which is critically important.

AND the fact that we are so have been waiting for this for a long time, really frustrating. I think that's how it is. You you should know how will look like this battle, but honestly saying, we should do it for 10 years ago. But in any case, the purpose of the project Meridian is a 120-day sprint to determine , what will it look like war now and then decades in the future, and what exactly what you need to make America so win any conflict that can to arise.

I understand. what are you talking about more military conflicts call in many people discomfort. I think that people are right, very skeptical regarding military industrial complex, but The reality is that if you can't project force, you you will find yourself in trouble, because China works overtime, so that to be able to to project force. Russia is actively attacking neighbor. So, that fact that there will be war, is simply true assertion. And if you believe the argument, that I certainly I agree that Russia took the step through the American weakness, then you you will understand why you need people who will stand proudly.

I am firmly convinced, that America should review yours moral position. America must to act morally on the world stage. We, of course, not always they did it. But the path to back to this is not that to say that America full of a bunch of evil people [ __ ]. It's about to find those moments in history, which we want to remember when we really were those we aspired to be. Nothing ever would be ideal. And I I constantly think about it. , remembering Winston Churchill.

Same the guy who saved you from Nazis, also did dubious things. And there is the reality with which need to face. I don't think there is. some way fighting war, which is massive killing people. There is no way deal with it ideally. So, I I think we all need to get rid of this idea. But that doesn't mean less, we need to think about what we need to do from the point of view readiness? Which we have innovations create? And the sphere project activities " Meridian" covers all this, from the tunnels underground up to of space and what we we will do between Earth and the Moon.

And I I think that in the end The moon will be part of this conversation. Project results « Meridian" should be published on January 28 2027. We expect public report. So we will see that from all This will work. But, actually, despite a certain the absurdity of this completion, I heard that we do, and when I heard about people who participated in this, I was very excited. Now, is fair skepticism about wait a second, Elon Musk and Palmer Lucky are two people, who will receive the greatest benefit from what eventually this will become road map.

But Who else are you going to? put? People who actually create this technology, these are the ones who is needed to appoint to these positions, Is this good or bad? Now we are sure must create way for promising players who can replace these guys, which is a big part because of what they both had to fight, to get yours contracts. And by the way, how he did it Palmer Lucky, simple brilliant. Preferential most of what they build, he builds for specification, that is he or she spends own money, or involves private capital for building things for the military, and then they either buy it or not.

It won't help you achieve everything. You you will never build aircraft carrier for specification. But I not sure who else you can find. Elon Musk– the most effective, hmm, aggregator of engineers, which literally ever- ever seen the world. IN all over the world. Not that so that in Russia or China Someone was hiding, who achieved better result than he. He is the same person. So, he is in your team. Palmer Lucky creates some of the best, um, systems to create inexpensive military weapons faster than anyone else.

So yes, we will have to to be careful so that this did not lead to that they are simply appropriate each dollar, and then create regulatory excitement around myself, which I am sure they will have before this desire. But right here we step in and say : “Okay, listen. I am glad that we got these guys involved. I am glad that we modernize our armed forces that are absolutely necessary . And here are the protective ones mechanisms that we we are going to introduce, so that make sure that this will not transform just on regulatory delight".

But I very happy to see this, in spite of Hegseta and his wild ones comments. Now there is more one part of this, and Hegset itself leans towards religious council, department. I am not I remember if this is a council, or department, but in anyway, uh, I I think that's it. called " Religious affairs. So, he created this case management religions. It will be to obey directly to him, without any staff intermediaries. Do you have chaplains who will get a lawyer at the very top within 90 days.

Office owe him to report on each, hmm, unfunded religious need for department. So he brings back religion. Now, I expect that people will have certain feelings about this. I I understand. This is a question it will be fair to be discussed. AND honestly, I I'm breaking down. I am not at all not religious I would I definitely didn't want that. I was stuffed. religion down the throat. But The reality is that if you want to talk about what transmits very quickly values, religion—it undefeated champion .

It's just really, hmm, from an evolutionary perspective point of view, I think, that evolution is its own the main weapon of the genus, like: "Oh, you guys, want to join in very large groups and to cooperate flexibly and be ready to die alone one? Speak less, friends. Here you go religion". And I think, that's why in everyone has a hole in their the form of God in the heart. I I think that's why everyone has this impulse kneel before something bigger than yourself, is it a change climate, or God.

It doesn't matter. People will give themselves for some reason, that they considered greater than himself. That's how it is human mind. So, I Of course, I understand. as a person who, frankly speaking, it has tendency to almost any religion, may come to power in such a situation, and then want use this as way to rally other people around himself. This will be incredibly effective . But I expect that Americans will feel a certain similar condition things, because when we we are talking about church separation from the state, people start thinking: "Hmm , I don't know whether I like it.

the idea of ​​the military, who is, um, a projection of power, which is always possible to direct inward . This is a projection of power. the state in its the most extreme in form. Ago integrate religious element from this is just unpleasant ". So, of course, I I welcome these debates. But I I don't think anyone should be puzzled by that, why is this happening. I think you touched this before, when started, but the biggest problem, which I feel in this speech, consists in because it insulates a group of people and generalizes that they not strong, right?

AND what happens then, when you take a whole a group of people, among which have some strengths people, right? Ago that the power lies in mind. But, uh, or everything builds up to strength, I mean. As if it were intelligence. As if you must be are set up for this. Huge, yes. Um, you think this is harms the quantity recruitment? You Do you think that people who otherwise they would go to army, because we need more people in the army. As it's been a long time small?

For example, when did it start real recession? Of course, but already long. For example, after Vietnam, I think. This wouldn't surprise me, but I don't know, this is the only one. honest answer. Okay, okay. But yes, What do you think? will it hurt quantities recruiters? For example, how do you What do you think? looks like military for the rest world? Or, I think, in in our case, for United States. Yes, I wouldn't worry. for the rest of the world. So, if I'm not mistaken, and check me out this fact, but if I'm not mistaken, the numbers increased under Trump.

And I I think they have grown. precisely because of this. So, any marketing message, you want to make sure Do you know who yours is? target audience. AND if you try to be something for everyone, that is, we don't want not to offend anyone, we we don't want anyone alienate, we want, so that everyone feels that can enter into army, then yours marketing message not for whom, and you will have weak recruitment. I I think that's a lot. better, considering that army after all protects our nation, killing other people.

Uh, there is a certain type people you are close to you will contact. I I think you should contact them loud and proud. Uh, yes, I won't hurt recruiting. It will increase the number recruits, because in There are a lot of you now. a specific call to weapons, and that type a person who probably wants to carry a weapon, uh, probably will be hyperreact to this personal strength, discipline; all of this will resonate with them. So, from this point of view , simply from the point of view of recruitment figures, i I think that's smart.

step. I also think that I wonder what you mentioned. about what some people want, I don't know how you formulate it, but kneel before something higher than them. AND I think there is something why some people join the army, isn't that right? For example, when I was in the ranks Boy Scouts, and partly to me liked doing it, because I felt myself a part of something more, as if there is nature and me I help the environment, and I am helping my brother, right? Um, so, what do you think, promotion of religion will affect such mentality brotherhood, or, on In your opinion, this is just strengthens it?

Because, as you said, attracting more number of people... This is what...So, uh, this is extremely It's exciting when you really stop and Are you looking at what it is? religion. So, you you create some iconography, let's call it this is a cross, and someone sees you with this cross, they never Haven't seen you before. . That's why I just I really want people to understood that racism is not the main thing. Uh, You see, this person shares my values. I feel an instant relationship with people.

People are trying understand who you are? AND that's why, uh, racism woven into the human state, that is, oh, I can looking at you, I I see that you are different, you, probably from another places, you probably You think differently than I do. you are a stranger, and now I have to worry And so, that's why around this will always be the case some background influence, while people have it desire to understand whether Are you in the group or out? her? But what about me? what's amazing is how instantly someone can overcome it when realizes that actually you you are fascinated by what I admire.

And therefore religion simply carries this is extraordinary in a powerful way. So, if you say, "Hey, it is a system of values, which this represents group, this is ours religion, ours iconography, and we all this is how we perceive it , uh, then it's like: " Cool, I know, about "who is it about?" I know, that I am either like this or I am not like this, and it unites these people. And it arises the question is how much such people? And if There are many such people, but I would say that they a lot, then you are very clearly refer to them.

They will rally. around each other. They will share values, will be more prone to give one's life one for another, therefore that they will feel that we have something in common. This is common... brotherhood. It connection. And I just It's funny that people don't can understand that can be contacted anyone. What are you? I thought they were strangers. group, and then suddenly do you understand that In reality, we are at war. one team. We together, or to us need to rely on one on one another.

Here why most of their education dedicated to this. I I'm not teaching you to be a bunch of lonely people wolves. I am teaching you. to be part of larger organism. That's why you will listen to commands. You you will obey hierarchy, because we We want everyone to act. as one group. And therefore group Cohesion is what what are they for optimized. Now let's go back to France. Do you have France with all this immigrant inconsistency compared with military, who literally impose group identity , group cohesion, uh, respecting the hierarchy, all of this.

What do you think? Which one is better? will function together? Of course, military. For this they are created. They created to to polish something on like: "I am an individual." I such...freely walking. I'm here doing this. The main thing is to make you to correspond to a certain identity. This is very effectively. I understand. why many people don't want this level conformism in its life, but if you trying respond to the question is which one works to create unity, the one about which we say, hey, in We all have one goal.

We part of one. We a single whole. We we support one one. We are again and we declare again, for that we are performing. We we have the damn chanting and appeals. This will create unity. When you allow people to isolate, that is creates chaos. So you you will see more and more more of this in the army, the more threats are becoming real. And I think, that a lot of this is in response to that, how big the disagreement was in military, deployed on The Middle East, where, if rumors are to be believed, there was a lot disagreements among privates.

And therefore, if you have disagreements among the ranks, you you start asking himself as a leader: "What am I I have to do so get everything..." these guys on the same wavelength ?“Here is their answer. Uh, to answer, it was the Office of affairs of religions, and here are the statistics that I was able to extract about military indicators. Therefore, they started to grow around May 2024 year, um, continued grow; in October 2024 year we observed decline, then it started to recover, and then we again we are starting to fall behind the most relevant indicators.

Good. To things, does not include The Coast Guard, which is a special thing for those who don't know what Coastguard usually not is taken into account in most of the military statistical data. I I don't remember the exact one. reasons, but I knew just because father my friend was Coast Guard. Interesting. So okay, we will see that will happen. Yes, numbers either will grow, or will decrease, then we will know. Um, great. Good, let's spend several superchats. IN I have about three. monitors. Let's begin. Okay, first.

superchat from Sentient, who says they made it Israel connection Epstein, Trump and Iran. All this before you, now clearly debt is visible and..." armament of everything industrial- military complex. Well, okay, so what if I had to guess, they they say that, uh, in Epstein has compromising material on Trump, and that's it they can force him to dance to this melody. I think I have to mind how I do it I understood, it was about that when it started this war, files Epstein were made public, and therefore Trump in many ways, probably initiated war when he does it did to hide this, this is how I do it I understand.

I don't know whether this is what they had on mind, but that's how I I understand that. I mean, this is... probably also convenient. I don't think Trump put himself in such a position the situation that caused him much more damage than the file Epstein. Uh, yes, I am. I really doubt it. this. So, the connection Israel, Epstein, Trump and Iran, yes, I mean that Ryan read about it, unless they are doing black blackmail, but I it seems that this too conspiratorially. Yes, and now this armament of everything industrial- military complex.

So nothing not really from this hidden. So you look at how arranged world. AND So now the question is becomes like this: okay, considering how arranged world, which There are secret ones in the government. elements that make something behind the scenes, to get compromising people, to make them do whatever you want and everything like this. It's good that we do we want to do with this? For me it is real thing. Hmm, you never Get rid of the elite. It iron law oligarchy. Hmm, is it can you ever to get rid of blackmail?

No. I even AI tried blackmail people, to get what you want he wanted. I just... That's all you need. Now, hmm, what do you think? can you do this useful? Hmm, is it someone needs to bend backwards, to say whether Trump is related to Epstein somehow criminally? Trump, of course, very deep rooted in elite class. You you can just to look at how Trump is trading to look like this, hmm, even if somehow according to documents it's not corrupt, it's so grotesque. As if you don't need to reach for things, which are as if outside documents.

Therefore, for me...Real the question becomes, that, considering that everything this is public, this is to damn obvious. Why the world still behaves So, how is it? AND this, in my opinion, affects the economy, and this is, in fact, the driving force the power of everything. Therefore, I I think very much rightly to hate what the world works like this He is working. But then need again connect to this. That's why, on my opinion when I I am talking about Israel, people think that, hmm, sharp or, of course , very different from how about this most people say people, because I just I want to understand which mechanisms?

How is it all? will it unfold? Uh, what? you actually can make? And what are the famous ones? consequences? Because if you are you talking about like "good" boy, bad "guy", as if you trying to say " Trump, bad boy, Israel, "bad boy" is almost irrelevant . This is like: how is it all? will it unfold? Which our next step? What are we going to do? do? Um, is there? a way to come Only the good can be in power. people? If only good people ruled by power, as if everything looked like?

Hmm, is it we think that, uh, it is necessary to kill evil people, for example , purposeful blow? Would you hire them? you are, uh, attractive woman to leave and killed the evil one a foreign leader? Or Would you do that? Or would you do it if knew it would stop some kind of attack, right? ? In the end, it all becomes the problem of the cart. So for me it is much more interesting level for conversations than something on like: "Hey, you secretly you don't understand, what Trump doesn't have "pure motives." "I never thought that in his motives are pure.

Hmm, so now that we we know that it I have impure motives. It almost doesn't matter what these are. The motives are impure. It type, for example, that we we get from Israel? This is correct. question. Do we get Are we useful or not? And if we don't we get nothing useful, then, damn take away, tear apart connections. But if we we get something useful, then be be careful when scream about the breakup connections, because you don't I like theirs. morality. Here I am. I think: " Make sure you Do you understand what this is?

Chesterton's fence. « Actually, I never didn't say that out loud. This is how I I look at Israel. Israel, American- Israeli relationships for me– this is Chesterton's fence. When I try just explain it money, nothing it turns out, because big pharmaceutical companies give much more money than Israel. So, questions like: okay, what's the matter? is happening? What are we do we get from them? Or it's because we are so we take care of stability on Middle East, to control petrodollar, which we needed unsinkable carrier? Yes, it is.

makes sense. So, the question is type: do I want from refuse this? Not completely. Now that we we move away from oil needs from, um, Middle East, then maybe we can say: "Yeah, damn it these children." "But Now I'm just thinking, what is the whole idea Chesterton is so as not to be carried away fence, if you don't know the real reason its existence. So, until I understand the reason for it existence, and then I go: "Oh, yes, I need this "It doesn't matter anymore." "then you can demolish it .

So, in my opinion, this is more about petrodollar. It's about about the transfer their oil dollars in capital US investments, because remember that the USA structured around financing . Uh, here we go. try to change the situation, in fact building here again something, but before we They didn't do this. So I I understand that this is so morally It's grotesque that people don't want about it to speak, but that's what which, in my opinion, actually is happening. Good, that was a lot of words around this superchat.

But everything thank you very much for that sent it. Thanks for the super chat. Piano with Michael says: "Hello, Tom, always I appreciate your deep and complex analysis many questions. Your interview with Emad and two amazing extremely brilliant minds, which reveals AI, uh, opinion about AI and the future of humanity, "it was amazing" . « Thank you, friend. I think this is a thought. Well, and then I want to thank you. to my boyfriend J., who is here behind the scenes, who stood on gangster level regarding some information that he puts it on the screen, and which, in my opinion, really helps.

Average duration viewing this The video is crazy. So, uh, I I'll give a little credit, but I will express my opinion J.'s opinion, obviously, Emadu, who is real? gangster of this episode, but, uh, yeah. So thank you, friend. I I'm glad you like it. liked this one episode, and I'm very Thank you for being here. THERE ARE, thank you for being very kind words. Briton Lugo says: "The type of freedom we we have in America, necessarily leads to the diversity that we we have. Your problem —in freedom.

Only way to limit diversity is restrict freedom." « This is not true, British people. . You know what this is. better. And I am very clear laid out his arguments. I would like to for someone to criticize what I teach, and exactly what you you get in principle another type personality, when in you don't have a program social provision, and you invite people from all over the world. What, like , I just want mine chance. I believe in personal, uh, property, uh, correct level analysis of the individual, everything this is, uh, a common language, the story of the same stories about America, even if this, of course, there will be propaganda, but, putting it all together , you can do this and become free country.

In this there is no doubt. Uh, as soon as you turn it over and now you give it to people things for free, when they come, you will get absolutely another class of people. AND when will you start put them in a situation where, um, you, I won't even say it. another class of people, let me to go back. You create another incentive structure. So even people who you may be collecting, with a different structure incentives, there will be..." Cool, they are are starting to act in such a way that are based only on incentives.

This is much to be more precise. Uh, and then if you don't do real pressure on people to they have acculturated and really accepted, uh, language, accepted our, uh, civil system , uh, accepted narrative, all of it. If you won't do it, then people are drawn to opposite sides. Therefore , especially in times of stress, as we are now we see. So I just I describe the result, which one do you want or not Yes? So, when America, er, was on rise, and things were extremely heavy, we could to take so much immigrants, how many wished.

So I don't sure why people they can't notice it , oh, something has changed. So what is this? And I would said that it is very simply. Uh, that's not it. bad people, that's it bad incentives. Change the structure incentives and pressure on conformity, and you you will find much more. And by the way, the pressure is not that I I point a gun. to your head. Pressure you have. You can't become citizen, if not can you prove that Can you do that or not? other.

You can't become citizen, if you get help from unemployment. Um, in green card payment rejected if you you get more than you give. I have on I mean, it's very simple things that would decided a lot of this problem. AND in no way harm freedoms. Actually, I would say, that they protect them. Because when your government steals from you in uniform inflation, you are much less free. It's the banks saying, "Why educational organizations so bad presented conservatives, if Do they care about America? "« Okay, are you ready?

It will be difficult respond. Um, people from left-wing views in above average intelligence for the right. Enjoy this truth. So, how a person who leans to the right, I understand that this is so. as it is. Each of us is individuality. So appreciate each a person for his actual merits . But I think that this most of problems. Besides, people who bow on the left, as a rule, more open, therefore there may be more of them to pull towards such things like education. It a difficult question that I am obviously overreacting.

I'm simplifying, but this complicated things to deal with we have to face. And here is the long way to institutions, which the French started it, those damn French people. So, if someone It's surprising that America is more tearing itself apart to pieces, despite on what Ryan is up to is trying to get you to believe that ideology of the pure sheet, all uneven the results are the fault of the bad systems, and so on. I I won't leave Ryan. under this bus. We already we agree with you, that America falling apart.

To make it even more to note, I just I think we disagree. about how we get there got there. This is…” true. So I simply will accuse French. Keep it on I mean, I'm partially French, so I can do it say. But yes, exactly. therefore, that's why. AND Okay, now I'll tell you. something nice about their own compatriots who leaning to the right. I don't consider myself right, but I would I would be lying if I said that my temperament is not leans to the right.

That we are building something. AND so we won't teachers. We will engineers. We will builders. We we will be entrepreneurs to a higher degree. Of course, not exclusively , but Can I just to ask, and it's not criticism, it's simple question. Pay attention to criticism. Oh, I don't even think so. What is criticism? I think that it is simple clarifying question. Often you always You say we shouldn't be here. to put us in groups should not be placed in groups. But what you just done, this placed people in groups.

So me just curious when... You say that these the differences are somewhat generalization. You Do you mean that this rather the majority, or you say something on like: " Yes, very, very accurate." and if I'm not quite Got it? Firstly, scientific classification —this is a real thing. So, if you look at people from temperament, which leans to the left, I I think that in the end we we can see this at the DNA level. So, hmm, I think that people programmed lean to the left or to the right.

When are they they push, this is the one the moment when we we get into a situation where we are 50 %programmed, but 50% flexible. And this will be combination of nature and education. Um, I don't. I say that it is not necessary. classify people. I'm saying that when people are united in tribes, they go to teams, and now they such as: "I'm not going to to think independently; just give it to me command Bible: "Behold here if you do this at a lower level national, you you start to encounter with real problems.

Of course. Steeply". Uh-huh , Donald D. Hendricks says: “Obama, us 5 days left from fundamental transformation of America . If you love something, why for this needed fundamental changes ? We have 5 days left, it's like a famous quote. Yes, it is in in quotes. Uh, us 5 days left from fundamental transformation of America ". So I don't know if this is something made up, is it true quote Obama. Well, so, uh, there's a whole, uh , I don't want to investigate Obama, because I'm afraid I'll find out, that he was bad president.

I have such warm feelings for from the moment that I I really just want to save this. But, definitely, there is, uh, negative reaction to Obama, because he was enough radical president and brought a lot of his own public organizations on presidency that he as if reoriented race in America. Uh, all this and...So people many of those who begins a split, which we now see, will compare this with Obama. Hmm, I always believed that political calls leaders population, so I I think that's exactly what this is about.

ours is trend as society. So yes, Is Trump accelerating? populism? Of course, but Trump is a product populism. So, whatever did not happen in American psyche, which led public organizer to presidency, i I think it's possible. look at population, not just saying that Obama did it. So yes, that's a great idea. Why are we trying? to revolutionize or to radically change something, if it already is Is it working well? So, of course, I completely I agree with this. point of view. But at the same time I want to see how America is getting better, and I want to see how America sets goals and strives to achieve them.

And I I think about it as entrepreneur. Just you you will not fight tooth and nail to to become better, improve your product, increase your income, you will die, manly. You can to feel like energy flows out of the room. It Yes... Strange. The same applies to countries as well. AND that's why countries rise and empires fall rise and fall. It is obvious that are economical mechanistic reasons why is this is happening, but it's actually a loss feeling: who are we? By What are we fighting for?

Why Is this so exciting? AND here it really is theory comes into play The Great Man in stories: you need a leader who can to unite legitimately people who keep up with the fact that is happening in the present moment. Because I don't think so. what they can completely change course, but they go to keep up with what is happening in the present moment, and they can dates, for example, this really positive a vision of where we are going we are going, and we we are going to unite everyone and, you know, to achieve these great things.

People have this desire. They want to be part of something. I remember this in Quest, dude. It was madness. We had so much cultural energy. I could hire anyone who wanted. It was wildly. So, yes, to you. need to be in harmony and giving people have visions, and this just absolute... Bananas that only can be done. So, Let's cross our fingers that we returned to something like that. Uh, by the way, about getting back to work, let's go back to the news about nuclear Trump's pressure.

Yes, about this, Tom. Oh, man. Okay, I don't. could be more excited about this. Trump's nuclear pressure gets people out of trouble control. He starts all these new ones nuclear facilities especially for modernization of America . Boys and girls, we need energy. Otherwise, in 2027, we we are talking approximately in 3 months, you discover that AI begins to hold back energy. Actually, what happened in New York Mexico, significantly to some extent related to inability to obtain energy required for this new data center. We must be realists.

China ahead of us with energy point vision. And we see, as far as we are vulnerable to cost energy. Cost energy should be sometimes decrease and to decrease, and to decrease due to innovations, thanks to sunny, thanks to nuclear energy. There is no excuse. for absolutely crazy way how we behave. I understand. You are not Do you want climate control? changes. to change. Cool, I'm with you. I agree. I like it. And now Let's to implement innovation. Instead to say that we need less people, or we just need to live in cold or heat, as if This is backwardness.

It complete backwardness, all big in letters. We should engage in innovations, what exactly and makes your biggest competitor on the world stage. China. China of the past produced over 10 000 terawatts electricity. USA produced 4430, okay? China is deceiving us. AND artificial intelligence eventually will be power limited . If we don't find way to get more energy, we we will lose by default. AND now, by the way, a breakup only increases. Only in 2025 China added nearly 500 terawatt new

Go deeper

• All Impact Theory episode guides