August 20, 2026
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Welcome back to Impact Theory. I’m Tom Bilyeu, and in today’s episode, I sit down with macro investing legend Raoul Pal for an epic deep dive into the technological revolution that’s shaping our future at breakneck speed. Together, we tackle hard questions: Is artificial intelligence the ultimate game-changer? How will its explosive growth impact the global economy, investing, and our very way of life?
Raoul and I get into the weeds on how AI is sucking up global liquidity and reshuffling markets, why the U.S. and China are in a race with humanity-level stakes, and what it will mean when AI, not humans, starts running key economic engines. We talk business cycles, the psychological pitfalls of investing in times of uncertainty, and what the “average Joe” should actually do to take advantage of this shifting landscape without losing their shirt.
If you’re worried about the future, market bubbles, or whether you’re missing out on the upside of massive technological change, listen in as I challenge Raoul with my signature skepticism—while he brings an optimistic, data-driven perspective that just might change your mind. This episode is your roadmap to thriving in the face of exponential change.
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