Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu
Tom Bilyeu's Impact Theory
The Fed put and permanent bailouts
Peter traces the Fed put's evolution and how consistent bailouts encourage leverage and risk-taking.
Welcome back to Impact Theory with Tom Bilyeu. In today’s episode, we’re joined by economist Peter St-Onge, whose remarkable journey began with early investment success, only to be wiped out in the 2000 dot-com crash and lead him to reinvent himself as a bartender in Japan and eventually earn a PhD in economics. Together, Tom Bilyeu and Peter St-Onge dive deep into the mechanics behind market booms and busts—from dot-com to the rise of AI—exploring how economic forces like Federal Reserve policies, tariffs, regulations, and the ever-controversial debate between Keynesian and Austrian economics shape our financial landscape.
You’ll hear Peter St-Onge break down why asset holders consistently come out ahead, discuss the looming threats and unlikely contenders to the US dollar as the world’s reserve currency, and weigh in on the real impact of government intervention. If you’ve ever wondered how to invest wisely in today’s volatile market, see through the headlines, or navigate a system that seems rigged for the rich, this episode offers rare clarity—and actionable advice—for surviving and thriving in uncertain times.
Stay tuned as we untangle the web of economic forces affecting us all and provide the insights you need to make legendary moves.
Follow Peter St-Onge:
X (Twitter): https://twitter.com/profstonge
Substack: https://profstonge.substack.com
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AI bubble, dot-com crash, Federal Reserve, interest rates, Austrian economics, Keynesian economics, money printing, inflation, stock market, business cycles, regulation, tariffs, US national debt, global reserve currency, gold standard, BRICS currency, quantitative easing, asset values, K-shaped economy, boom-bust cycle, deglobalization, trade barriers, manufacturing in the US, economic forces, store of value, economic recession, liquidity, federal government spending, bailouts, central banking
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