Welcome back to Impact Theory with Tom Bilyeu. In today’s episode, we dive deep into the risks and realities shaping the AI boom—and the hidden dangers lurking beneath the surface of the financial system powering it. Tom is joined by researcher Ed Zitron and financial analyst Stephen Yu to unravel how massive investments in AI, circular financing, and shadow banking are pushing unprecedented risk into the world’s economy. We’ll explore how companies like Microsoft, Google, and Amazon are propping up unprofitable AI ventures, why much of the industry’s growth is riding on just a few players, and what this means for your 401(k) and the broader financial landscape.From complex accounting maneuvers to eye-popping numbers behind AI data center buildouts, today’s conversation exposes the ways risk is being shifted from banks to average investors, drawing parallels to past financial crises. Is AI the new too-big-to-fail industry? Are we witnessing history repeating itself? Most importantly, how can you position yourself to weather a potential storm?Strap in as we break down the circular financing of AI, the reality behind the growth narrative, and the vital questions every investor needs to ask in this high-stakes game. Let’s get started.Quince: Free shipping and 365-day returns at <a href="https://quince.com/impactpod" rel="noopener noreferrer" target="_blank">https://quince.com/impactpod</a>Whatnot: Download the Whatnot app today and get free shipping on your first order.Quo: Try for free PLUS get 20% off your first 6 months at <a href="https://quo.com/impact" rel="noopener noreferrer" target="_blank">https://quo.com/impact</a>Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: <a href="https://incogni.com/impact" rel="noopener noreferrer" target="_blank">https://incogni.com/impact</a>&nbsp;Pique: 20% off at <a href="https://piquelife.com/impact" rel="noopener noreferrer" target="_blank">https://piquelife.com/impact</a>Shopify: Sign up for your one-dollar-per-month trial period at <a href="https://shopify.com/impact" rel="noopener noreferrer" target="_blank">https://shopify.com/impact</a>Surfshark: Go to <a href="https://surfshark.com/TOMB" rel="noopener noreferrer" target="_blank">https://surfshark.com/TOMB </a>or use code TOMB at checkout to get 4 extra months of Surfshark!&nbsp;ATT Business: Switch to AT&T Business at <a href="http://business.att.com" rel="noopener noreferrer" target="_blank">business.att.com</a>Ketone IQ: Visit <a href="https://ketone.com/IMPACT" rel="noopener noreferrer" target="_blank">https://ketone.com/IMPACT</a> for 30% OFF your subscription orderNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to <a href="https://netsuite.ai/Theory" rel="noopener noreferrer" target="_blank">https://NetSuite.ai/Theory</a>.Sign up for my AI Masterclass:&nbsp; <a href="https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social" rel="noopener noreferrer" target="_blank">https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=you</a><a href="https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social" rel="noopener noreferrer" target="_blank">tube&utm_medium=social</a>&nbsp;Check us out wherever you get your podcasts:Spotify:<a href="https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fd" rel="noopener noreferrer" target="_blank">https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fd</a>Apple: <a href="https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648" rel="noopener noreferrer" target="_blank">https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648</a>Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (<a href="https://tombilyeu.com/zero-to-founder" rel="noopener noreferrer" target="_blank">https://tombilyeu.com/zero-to-founder</a>)Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free <a href="https://tombilyeu.com" rel="noopener noreferrer" target="_blank">(https://tombilyeu.com)</a>Check out our Video game - Project Kyzen: (<a href="https://projectkyzen.io/" rel="noopener noreferrer" target="_blank">https://projectkyzen.io/)</a>Catch Me Streaming on Twitch -&nbsp; (<a href="https://twitch.tv/tombilyeu" rel="noopener noreferrer" target="_blank">https://twitch.tv/tombilyeu</a>)Link to IT discord:<a href="https://discord.gg/TZKJ2etPbT" rel="noopener noreferrer" target="_blank"> https://discord.gg/TZKJ2etPbT</a>Tom's Favorite Things List:&nbsp; <a href="https://amzn.to/41Ftt7e" rel="noopener noreferrer" target="_blank">https://amzn.to/41Ftt7e</a>For Business inquiries: <a href="mailto:connect@impacttheory.com" rel="noopener noreferrer" target="_blank">connect@impacttheory.com</a>FOLLOW TOM:Instagram:<a href="https://www.instagram.com/tombilyeu/" rel="noopener noreferrer" target="_blank"> https://www.instagram.com/tombilyeu/</a>Twitter:<a href="https://twitter.com/tombilyeu" rel="noopener noreferrer" target="_blank"> https://twitter.com/tombilyeu</a>YouTube:<a href="https://www.youtube.com/@TomBilyeu" rel="noopener noreferrer" target="_blank"> https://www.youtube.com/@TomBilyeu</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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