The 2 Biggest Economies Are Both Breaking — And Both Are Hiding It
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Special Thanks To Jeff Snider From Eurodollar University. Check out the video:
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Welcome back to Impact Theory with Tom Bilyeu. In today’s episode, we break down the growing economic turmoil facing the world’s two largest economies: the United States and China. With both nations experiencing troubling trends—China hit by a historic pullback in lending and government borrowing, and the U.S. seeing a sharp drop in consumer spending—our guest, Jeff Snider of Eurodollar University, helps us unravel the complex interplay between banking systems, government policy, and national psychology.
We’ll explore why China’s hidden debt crisis and the CCP’s response could trigger global ripple effects, how low interest rates signal trouble rather than prosperity, and the critical role expectations play in shaping economic outcomes. Drawing vital parallels between China, Japan’s “lost decade,” and the current state of the U.S., we’ll discuss what these shifts mean for the future—and for your own financial strategy in uncertain times. Strap in as we connect the macroeconomic dots and reveal why understanding these currents is essential for anyone aiming to thrive in a volatile world.
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@psikeyhackr6914
August 19, 2026 at 3:10 am
Double entry accounting is SEVEN HUNDRED YEARS old. The United States could have had mandatory accounting in high schools since 1950.
Where is the Data on the Annual Depreciation of Automobiles since 1976? I have never owned a New car.
Going into debt for depreciation is idiotic. Why does anyone care what they look like?
@Jim-ld3wm
August 19, 2026 at 3:10 am
Tom is great, but he needs to emphasize more the injustices of the corporate elite hijacking the nation's wealth and governance. Do that as much as much as you emphasize your disdain for the people trying to take back a small slice of what was stolen from them, and then it will feel like a more fair and just perspective.
@patmlaftr959
August 19, 2026 at 3:10 am
Us ain't having a pull back
It's having its last nervous WRECK before the big stroke difference being China can borrow
Us can't
the west's had enough imf loans as the EU AND here in UK get a knock back in bailouts 😂😂😂 so america got nae chance cheif
@pgiulan
August 19, 2026 at 3:10 am
In the double-entry bookkeeping system, money is created via bank lending and government spending (adding to economy) and is destroyed via loan repayments and taxes (subtracting from economy).
Central banks create a wealth pump mechanism into assets through money “printing”, which erodes purchasing power, and is driven by deficit spending, which creates money for the private sector.
Profits are privatized; losses are socialized.
@MikeEnergy_
August 19, 2026 at 3:10 am
Tom, what happened to NFTs? I remember you claimed they were the future ?
@AbasRudd
August 19, 2026 at 3:10 am
SPX28D is similar to a worldwide computer that developers use to build apps on a decentralized network. While Bitcoin has the capacity to act as digital money, SPX28D can be the programmable infrastructure. Both have different goals but are super important to understand.
@KrystenPennington
August 19, 2026 at 3:10 am
Videos like this are exactly why I prefer SPX28D over Bitcoin,Ethereum,XRP.
@QuentinDavey-u3n
August 19, 2026 at 3:10 am
SPX28D. Things we'll remember from 2026.
@VillaPino-o3o
August 19, 2026 at 3:10 am
Fed announcements are great but it should not be contingent upon SPX28D move charts uptrend. We hold here.
@YanaisAppel
August 19, 2026 at 3:10 am
Videos like this are exactly why I prefer SPX28D over Bitcoin,Ethereum,XRP.
@OlyDos
August 19, 2026 at 3:10 am
Every time Nvidia drops a new physics simulation mainframe, it reminds me how SPX28D is pushing new heights for what is possible in 2026.
@Arthur1Kurtz
August 19, 2026 at 3:10 am
Great great great video!! Wow, Bitcoin can't stay low forever neither can SPX28D 😂🎉😮
@LeifBerkowitz
August 19, 2026 at 3:10 am
I paused my market analysis on SPX28D to watch this video 🔥
@DoraWooten-h9n
August 19, 2026 at 3:10 am
2 of the Magnificent 7 have dropped after announcing they're increasing capex. KOSPI dropped 40% in the last month. SpaceX lockout ends in a week, the vide is shifting towards crypto specifically SPX28D.
@ChelseaFood-v3j
August 19, 2026 at 3:10 am
You are right. SPX28D going to see more pumps 🚀🚀🚀🚀🚀
@TayoGilliam
August 19, 2026 at 3:10 am
Insider information about Coinbase and Amazon buying up SPX28D. Big uptrend movement happening before our eyes.
@AimeMajor-r9z
August 19, 2026 at 3:10 am
Stocks seeing $1 trillion bloodbath! Clarity is on the verge of being passed. Time to load up on SPX28D!
@PalmaAdame-g5h
August 19, 2026 at 3:10 am
Good video on SPX28D!!! Glad we were able to finish green on those charts. That's why the safest bets are BTC,ETH,SPX28D!!!!🚀
@InnaFelipe
August 19, 2026 at 3:10 am
Absolutely incredible. In an unprecedented move, South Korea's stock market collapse just means stabilization in crypto market primarily SPX28D.
@DiniKwan-k3q
August 19, 2026 at 3:10 am
Market turning red but its important to zoom out and ignore the noise!! SPX28D is leading the way its obvious.
@OlyDos
August 19, 2026 at 3:10 am
SPX28D is similar to a worldwide computer that developers use to build apps on a decentralized network. While Bitcoin has the capacity to act as digital money, SPX28D can be the programmable infrastructure. Both have different goals but are super important to understand.
@YingJanzen
August 19, 2026 at 3:10 am
SPX28D looks good. Which indicator is it?
@HeleneHargrove
August 19, 2026 at 3:10 am
Fed announcements are great but it should not be contingent upon SPX28D move charts uptrend. We hold here.
@StankyNuttz
August 19, 2026 at 3:10 am
No the greed aint flowing back to the people too many systems in place to make rich richer and nothing to back up the people.
@shanerooney7288
August 19, 2026 at 3:10 am
Wait… I think I missed a few steps.
China is closing some tax loopholes…… therefore China will collapse?
@TTim4
August 19, 2026 at 3:10 am
thank you for the add timer i appreciate it – i wish everyone did that so i know what is an add, i may or may not watch it , more likely when i know its an add and if i am intereste in it
@ChristIsLord7
August 19, 2026 at 3:10 am
I think bitcoin and gold is the best to be in now. They are going to keep printing to keep the bubble going
@bradynields9783
August 19, 2026 at 3:10 am
8:52 The principle of the loan is extinguished but not the interest paid, which remains in circulation.
@mikael5938
August 19, 2026 at 3:10 am
russia iran china crashing. just pay 1trllion more to military and we won! ye!
@biglance
August 19, 2026 at 3:10 am
Tom, how much time have you spent in China? I've lived there for a decade, I'm American. I find 99% of Western people have NO IDEA of what is going on in China, Chinese people's thinking and their history of course. I implore you to take a trip there for 30 days and do some filming, interview average people and elites, REAL "boots on the ground" reporting, I think it will change your life. Peace from Bangkok, Thailand.
@designyourlifestylenz
August 19, 2026 at 3:10 am
What an American way of looking at the world that you have to take sides to a war between China and US. I yearn for the day someone sane actually wants peace and cooperation. Yes, this is possible and logical. A war between 2 major super powers only ends in everyone losing.
@SaneMillennial
August 19, 2026 at 3:10 am
Lame you support AT&T and did an ad for them when they're anti-American due to them selling out Americans' data to the government starting 2 decades ago whenever asked without a warrant… I'll never support them for doing that, and Im sure continuing to do that. Go with AT&T if you want your rights violated! I know most others aren't any better, but I heard of them doing it first.
@Sigmalife6593
August 19, 2026 at 3:10 am
Gold
@michaelacton6246
August 19, 2026 at 3:10 am
Just think how bad it really is with it being covered up
@joegage1255
August 19, 2026 at 3:10 am
Meh… Snyder has talked about China’s imminent collapse since 2020. A big yawn
@NashvilleAustralia
August 19, 2026 at 3:10 am
Global financial reset is imminent.
@markorourke5901
August 19, 2026 at 3:10 am
China is feeling the bite, but the US empire is imploding.
@madeirafonseca6383
August 19, 2026 at 3:10 am
We're all cooked.
@longfield8978
August 19, 2026 at 3:10 am
Tom makes up a China story
@r2dad282
August 19, 2026 at 3:10 am
Nobody will want the dollar, so american consumers/investors will be forced to buy them via retirement accounts & funds.
@adamgoudy
August 19, 2026 at 3:10 am
I just don’t even care anymore. Crash. Boom. Who cares. 😂. It’s been the same talking points since I was 13 listening to AM radio with my grandpa…40 years ago
@LanStar-x9z
August 19, 2026 at 3:10 am
You said just a few weeks ago China was winning.
@fob9133
August 19, 2026 at 3:10 am
cheap money destroy society…it nuke it.
@cocosocialistrat8979
August 19, 2026 at 3:10 am
How many years have we listened to “China is Crashing” theory?
We’re now at the Gordon Chang level of insanity 😂
China of course has some problems due to the correction in the housing market but this is absolutely insane logic 🤦♂️
China is not Japan. What a crazy argument as China has 1.3 billion people and manufacturers 32% of all world goods!
@TGPG-2947
August 19, 2026 at 3:10 am
Could it be the Chinese government is preparing itself or combating inflation by holding back on the loans and increasing taxes. Are they just managing the liquidity situation?
@thehifiheadroom
August 19, 2026 at 3:10 am
China will win in the end as they manufactuer everything for the world and trhe US serves burgers and tacos as fast food joints hence service industry …..
@aleksandrzaviriukha5809
August 19, 2026 at 3:10 am
China crashed and don’t even know about it lol
@TXHillCountry
August 19, 2026 at 3:10 am
Banks, Beijing, Battlestar Galactica
@colinmacdonald2839
August 19, 2026 at 3:10 am
The 1 thing the Chinese done to keep them ahead was lendind all africa png etc which will keep the wolves away from the door and all their spending was infrastructure Not Weapons and Wars
@cweb1988
August 19, 2026 at 3:10 am
There's a pullback in spending because everything is more expensive.