The Zach Foust Show

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I turned on an emergency stream because Bibi Netanyahu just said the quiet part out loud, and I need you to be ready for what comes next.

At an IDF officer course graduation ceremony, Netanyahu claimed Iran is once again attempting to develop a nuclear weapon, and then said there is only one way to remove the threat once and for all. Overthrow the regime in Iran. He said that is his directive to the IDF, Mossad, and the security branches. He followed it with a post saying that together with...

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I got Julian Dorey and Tommy G on at the same time, two of the hardest working people in this space, and we spent an hour on one question. What would it actually take to change this country?

Tommy opened with his answer. We need a flashpoint. Something that gets young people united in the streets regardless of party. Julian pushed back, and his pushback is worth hearing. We have had plenty of flashpoints this year and nothing moved. He also made the case that revolutions almost never end the way...

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We have a diesel deal that turned out to be a nothing sandwich, a ceasefire nobody actually agreed to, a 3D printed salmon with no fish in it, and two pieces of real data that dropped yesterday and this morning.

We start with Trump at a midterm rally saying out loud that he could say the stupidest things and the crowd would still clap. I think that is the most honest thing he has said in a while, and it frames everything that follows.

On the diesel deal with...

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Freddie Smith came back on for our second minisode and we spent the whole hour on one question. Can the housing market actually be fixed?

We started with the grieving process. Freddie made the point that if inflation and home prices had taken fifteen years to get where they are, we would have slowly adjusted. Still been getting screwed, just in smaller pieces. Instead it happened all at once between 2022 and 2026, and that speed is what made it so devastating. He also pointed out something I have noticed too. In 2023 his...

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I want to start with my buddy Jared. I sold him a home in Kent County Delaware in the summer of 2022 for $267,000 when he was making $63,000 a year. Four years later he built a software company, works harder than almost anyone I know, and now makes $127,000. More than double. His home is now worth $410,000. If I tried to requalify him today, for his own house, he would not qualify. He has a $1,500 mortgage and nowhere to go, because selling it and buying something comparable would nearly double his payment even if he rolled...

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Five things Trump said this week that are worth sitting with, an AI development that genuinely rattled me, and our full reaction to the FlyDubai story.

We open with the numbers because the numbers do not spin. The August Monthly Treasury Statement is out and we are running a $167 billion deficit in a single month. Tariff revenue comes in fourth on the receipts sheet, below Miscellaneous. You would have to multiply our tariff income by twelve just to break even for one month. Meanwhile the fiscal year 2026 deficit is already at $1.966...

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I got James Li on the stream and we covered a lot of ground. He is one of the best independent journalists working right now, 5149 on every platform, and he does it as a one man operation with no producers, no editors, and no researchers.

We opened on Israel and the 9/11 overlap, the Greater Israel Project, the cyber bill that just merged the American and Israeli military intelligence apparatus, and why James thinks this is the last administration that gets to offer unconditional support before the public shift makes it politically...

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Have you heard much about Epstein lately? Not really. Plenty about the war, plenty about inflation, plenty about everything else. So today I am giving you my 15 reasons why we need to keep talking about it, and I am laying every one of them out with sourcing on the corruption map.

We start with the come up that makes no sense. Teaching math and physics at the elite Dalton School with no degree. Hired at Bear Stearns with no degree, worked up to limited partner, then resigned in 1981 over a fraudulent...

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Three things on the table today. The bond market that keeps threatening to crack, a brand new Senate housing bill that would put $50,000 in first time homebuyers pockets, and a proposed 90 day ban on American diesel exports that would ripple across the entire globe.

We start with a Bloomberg clip where an analyst says 7% rates are historically normal and consumers just do not want to buy this market. Both statements are technically true and completely disconnected from reality. In June 2001 we had these same rates. The national debt was $5.8 trillion, the...

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Will home prices drop in 2027? Will mortgage rates come down? Is a crash coming? I am a full time real estate agent and I am going to give you the honest answers, including some advice you will not hear from any other realtor.

We start by grading our 2026 predictions. We called max 2% price compression, mortgage rates not hitting 4%, and investors buying around 30% of homes. We are sitting at about 5.9 out of 6 on those. Then we get into where we actually are right now. 96% of mayors surveyed say their residents are very...

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Delaware has a problem and it comes down to three things. Housing, jobs, and retirement. Today I break all three down and then sit with Michael Smith, Democrat candidate for Delaware State Treasurer, to ask him what he actually plans to do about it.

Here is where we are. Bloomberg just named Delaware the rising number one retirement state in the country and nobody told the people who already live here. Sussex County population is up 17% since 2020, growing five times faster than the US average. The median homebuyer in southern Delaware...

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Gas is at $4.44 nationally, up nearly 50% since this war started in February. Diesel just hit a record $6.40, up 77 cents in the first two weeks of September alone. In California diesel is already at $8 a gallon. Sean, Joe and I break down exactly why this is happening and why I do not think it comes back down anytime soon.

Here is what most coverage misses. Crude oil is not the story. Diesel is. Diesel is the single most universal tangible input in the American economy, it moves your groceries, your packages, your...

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The buyers are gone. Not just in housing, not just in cars, everywhere, across every major purchase in this country and honestly across the globe. Sean, Joe and I dig into why, and it all comes back to the same place.

We start with the August jobs report. 162,000 jobs created, way above expectations, with June and July both revised upward by a combined 55,000 jobs. Sounds great, right? Except the stock market fell and bond yields went up the second the number dropped. That tells you the market does not believe it...

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Will housing ever become affordable? Sean, Joe and I dig into what it would actually take for home prices to come down, and why the answer is a lot more complicated than everyone screaming crash on TikTok wants it to be.

We start with the number that should stop you cold. The qualifying income for a starter home in America right now is $103,584 a year. That is just to get your foot in the door. Then we play a clip of Trump saying he does not want housing prices to come...

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Episode 101. Sean is back on the boards, healthy and happy, and we are digging into the trickery happening over at the Treasury and the impossible position the Federal Reserve has put itself in.

Here is the setup. The July Treasury statement shows $334 billion came in and $766 billion went out. That is more than double. A $432 billion deficit in a single month. Scott Bessent's answer is that we will grow our way out of it, mostly through tariff revenue. So we ran the math. Our GDP grew 2.9% in 2023 while our debt grew 7.2...

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Episode 100. Thank you for being here for every single one. Sean is out sick so Joe is on the boards, and today I am giving you five things you can actually do to not just survive but thrive in what I believe is going to be a very tough 2027 economy.

First I walk you through the setup. We just passed 40 trillion in national debt, and the interest on that debt is now over 1.1 trillion a year, more than our entire military budget. That has never happened until seven months ago. Scott...

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A warning flare just went up in the currency markets and almost nobody is talking about what it actually means. The United States just bought the Japanese yen for the first time in over a decade, and I want to walk you through why that quiet little intervention is a much bigger deal than it looks.

I break down the yen carry trade in plain English on the whiteboard. How investors and governments borrow cheap yen at around 1% and buy US bonds paying 4% to pocket the difference. Why Japan propping up...

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A warning flare just went up in the currency markets and almost nobody is talking about what it actually means. The United States just bought the Japanese yen for the first time in over a decade, and I want to walk you through why that quiet little intervention is a much bigger deal than it looks.

I break down the yen carry trade in plain English on the whiteboard. How investors and governments borrow cheap yen at around 1% and buy US bonds paying 4% to pocket the difference. Why Japan propping up...

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This one is different. No graphs, no headlines, no breakdown. Just me and the mic asking a question I have not been able to shake. What is next? For this country, and for me.

I have spent four and a half years calling out what is broken. The banking system, the housing crisis, the corruption, the wars, the surveillance state going up on every corner. And lately I keep asking myself whether calling it out is still the work, or whether it is time to start calling people in instead.
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Everybody is talking about whether AI is a bubble. Almost nobody is talking about how it is actually being paid for, and that is the part that should scare you. Sean, Joe and I follow the money all the way down.

I walk through the four ways the hyperscalers like Meta, Google, Oracle, and Nvidia are funding this AI buildout. First capital expenditure, which jumped from 18 billion a quarter in 2019 to 130 billion a quarter today. Then domestic corporate bonds, which exploded from 20 billion in all of 2024 to 178 billion just eight months...

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Is the Strait of Hormuz really open? Is the war really over? And why did 60,000 to 80,000 migrants flood a tiny Spanish territory two weeks after we quietly sent Morocco 40 million dollars? Sean, Joe and I connect the dots.

We start with the Iran deal that Trump touted on Fox News, the 41st time he has declared this thing basically over. The stock market is at a new all time high, oil is finally dropping, and the Iran Oman plan to reopen the Strait would still hand Iran full control of inbound...

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Nobody taught us how bonds work in school, so I am going to teach you today, because the 30 year Treasury bond just hit a 19 year high and almost nobody is talking about it.

I am broadcasting from the producer chair and breaking down the one signal that cannot be spun by either party. The bond market. I walk you through what a bond actually is, what a yield actually means, how the Dutch auction sets the rate, and why when these long term bond rates climb, your mortgage rate climbs right...

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We are still talking about Epstein because it still is not resolved. Sean, Joe and I pull up the corruption map again and go name by name through the people we believe should be investigated, arrested, and tried, not gallivanting through NBA finals and FIFA World Cups while the victims get doxxed.

We start with the number that stopped me cold. The Rothschild name appears 12,056 times in the Epstein library. Trump's name appears 5,317 times. So why is one of those the only one we are allowed to talk about? From there...

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I did not want to make this episode. I have been trying to bring positivity into this space, but there are no good updates on the Epstein files and I owe you the truth.

We have 6 million files. Only 3 million have seen the light. Todd Blanche and the DOJ just told a federal judge they will not release or unredact the rest, including at least eight email exchanges about a torture video, interviews with a woman who says she was abused by Trump as a minor, and the records tied to...

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Everybody on TikTok is telling you the housing market is collapsing. 227,000 foreclosures. Homes crashing 80 to 90%. A $1.5 million house selling for $300,000. I went through the three most viral clips making these claims and I brought something none of them did. Math.

Here is what is actually happening. Those 227,000 are foreclosure filings, not completed foreclosures. There is a massive difference. Back in 2010 there were 1.65 million filings and most of them never became foreclosures. Right now only 1.26% of homeowners are 30 or more days past due on their mortgage. In 2012 that number was 14%. We are...

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The White House posted a graph this week saying prices are falling. I need to be very clear about something. Prices are not falling. Inflation came in at 3.5% for June which means everything you buy is 3.5% more expensive than it was this time last year. That is not deflation. That is not prices coming down. That is propaganda posted at a convenient moment before the war started back up again.

I walk through every major headline hitting the economy right now and tell you what it actually means. The Strait of...

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Before Covid I got sandwich makers into homes. Deli workers. Campus security guards. Single airmen fresh out of basic training. Sub thousand dollar mortgages every week here in Delaware. That world is completely gone and I want to walk you through exactly why.

In this episode Sean, Joe and I break down the real causes of the housing crisis from the ground up. Median home prices. Rental increases since 2015. The $4 trillion the Federal Reserve printed in 2020 and where that money actually went. The Cantillon effect and why banks, governments and asset...

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Three things on the table today. The Road to Housing Act, the jobs numbers, and Trump enriching himself from office.

I walk through the housing bill section by section and give you my honest take on what is actually good, what is a grant nobody will fund, and what is missing entirely. The corporate ownership cap has no divestment clause. That is a problem. The manufactured home chassis requirement removal is one of the best ideas in the whole bill. I break it all down.

On jobs, they expected 110,000...

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I just finished laying 204 feet of fencing. No producer, no notes, no script. Just me in the basement with something on my mind that I cannot shake.

I think the tech bros are winning. And I do not mean that as a compliment.

I spent two hours in Afghanistan in 2013 working alongside an intel contractor who had a blimp camera 400 yards in the air that could read a name tag from two miles away in 10K resolution. That was 2013. Now Flock cameras are going up in Milford Delaware reading...

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The government says cumulative inflation since 2010 is 52.72%. I think that number is a lie and I have the receipts.

I spent time building out what I am calling the Real Inflation Tracker. I took real items that real 25 to 34 year olds buy every single week and I looked at what they cost in 2010 versus what they cost today. A McDonald's meal that was $5.29 in 2010 is now $16.79. That is not 52%. That is over 200%. A pack of bacon, ground beef, dish soap, car insurance, health insurance, rent on a one bedroom apartment, a...

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The government says cumulative inflation since 2010 is 52.72%. I think that number is a lie and I have the receipts.

I spent time building out what I am calling the Real Inflation Tracker. I took real items that real 25 to 34 year olds buy every single week and I looked at what they cost in 2010 versus what they cost today. A McDonald's meal that was $5.29 in 2010 is now $16.79. That is not 52%. That is over 200%. A pack of bacon, ground beef, dish soap, car insurance, health insurance, rent on a one bedroom apartment, a...

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I want you to sit with this question for a second. Why does none of this make logical sense?

We give Israel billions. We get nothing back. We go to war on their behalf. We tank our own economy. We choke off a fifth of the world's oil supply. We block 40% of global fertilizer. We threaten Iranian peace negotiators telling them you won't even make it back to your country. And then the moment a deal is close Israel bombs Lebanon again and the Strait shuts back down. Five vessels through...

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Something happened in the last 36 hours and I need to walk you through it because Trump said six things in one day that made me think somebody injected him with the truth serum from Spy Kids.

He said Iran can keep ballistic missiles because other countries have them. He admitted the stock market shoots up every time peace is mentioned and crashes when it is not because the people like it. He called the bombing of Beirut unnecessary and unfair. He said Iran never won a war but never lost a...

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Two big things are happening in the next 48 hours and I want you to know what to listen for so you can make smart decisions with your money.

Tomorrow at 2 p.m. eastern Kevin takes the podium for his very first Federal Reserve meeting as chairman. This is the man Trump appointed, whose wife's father is Ron Lauder, who attended a Boris Epstein Christmas party in 2010 where Jeffrey Epstein was a neighbor and guest. Am I supposed to just be okay with that? Because I am not sure I am. Either...

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There is a deal on the table. The Strait of Hormuz has more traffic. Markets are moving. Crypto, gold, silver, and stocks all reacting the way they should for the first time in a while. And I want to be excited about it. I genuinely do. I just came back from the gym. I am wearing a SpongeBob outfit. I want to be pumped up.

But I cannot get past the terms. $24 billion in frozen Iranian assets unfrozen. $300 billion in US reconstruction aid. Full withdrawal of American forces from around Iran...

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I pulled 11 graphs together and I want to walk you through every single one of them because I think most people are feeling this economy without being able to see it clearly. These graphs show it clearly.

We start with data centers surpassing office construction in value for the first time in history and why the 200 jobs they promise are mostly custodial and security. We look at the S&P 500 versus job openings and the K shaped gap that began the exact month ChatGPT launched in November 2022. We watch a Harvard...

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This is the eighth time a specific set of steps toward a ceasefire has been put in front of us. The 27th time we have declared victory. The 38th time we have declared a peace agreement is right around the corner. So let me walk you through what is actually on the table, what Iran actually wants, and why I do not think this deal happens.

I break down the full timeline of this week. The Apache helicopter that went down in the Strait of Hormuz. The four regions we struck...

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I sat down with Todd Achilles, the independent veteran running for US Senate in Idaho against a man who has been in Idaho politics for over 50 years, bragged that the Senate was an easy job in his first month, and has become a rubber stamp for whatever comes out of the White House.

Todd served in the Idaho Legislature and built a reputation as one of the most bipartisan members in the capital. He is now running as an independent and was trailing the incumbent by 14 points 90 days before we recorded...

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I recorded this one on the move. We have a missing dog and I had to get this out before I went to go find him. If you are in Camden Delaware and you see a dog named Bo please hit me up.

On to the episode. Inflation just dropped this morning from the Bureau of Labor Statistics and it came in higher than expected at 4.2% annual. Energy is up 23.5% year over year. Fuel oil is up 58.9% year over year. And I want you to really sit with that because fuel...

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I have ten reasons why the Federal Reserve should be something every American looks at sideways. And I promise even if you have heard the Jekyll Island story before there are a couple facts in here you probably have not connected yet.

We start with the name. It is not federal and it does not have reserves. As of March 15th 2020 the reserve requirement for American banks dropped to zero percent in response to Covid. Zero. We are operating an entire banking system on vibes and printed money.

From...