The Zach Foust Show

Zachary Foust
  • 5.0 (80)
  • Investing
  • Updated Daily

We break down housing, growing wealth gaps, and the economy in a simple, meaningful way. Clear, honest, and structured for real people.

  1. 3d ago

    A WARNING FLARE WENT UP.....what happens next? | ZFS 99

    Send us Fan Mail 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 its currency threatens that entire system. And why the US stepping in to buy the yen is really just foreign quantitative easing wearing a different jacket. There was even a Reuters photo from Camp David showing Scott Bessent's notepad with one to do item on it. Buy Japanese yen, 5 to 10 billion. This is not a theory. It is sitting right there in the picture. I also get into the July inflation numbers, why 3.4% year over year is not the full story, how owner equivalent rent is measured with what is basically a middle school phone tree, why PPI producer inflation is signaling more pain coming, and why fuel oil being up 39% since last year tells you everything about where this is headed. Japan holds over a trillion dollars in our bonds. If they sell, yields spike, and your mortgage and car payment go up with them. The Fed is trapped. They have already chosen inflation. And I close with what I am personally doing with my money to stay protected. Gold, silver, a diversified portfolio, and an insurance policy against the dollar. I am not a financial advisor. I am just a man in a basement showing you what I see in the forecast before the sidewalks get wet. Support the show

  2. 6d ago

    What's next for America? | ZFS 98

    Send us Fan Mail 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. I talk openly about where my head is at. The affordability crisis crushing an entire generation. The missing virtuous path for young men who cannot afford a home, do not trust the financial system, and do not want to serve a country that feels like it stopped serving them. Whether real change is even possible from inside a system that was built corrupt from the start. And the two directions I actually see in front of us. Mostly this is about what I want the next twenty years to look like. I want the person hearing my voice to end up better off. Fitter, clearer, more connected, prouder of what they see in the mirror. I want to be the reason somebody picks up a weight, puts down the phone, goes on the walk, mends the relationship. That is the work I actually care about, and I am thinking out loud about how to do more of it. Thank you for being here for the real ones. Support the show

  3. Aug 12

    The AI Bubble Is Being Funded With Fake Money | ZFS 97

    Send us Fan Mail 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 into 2026. Then international bonds sold off in euros, francs, and yen because there are literally not enough dollars to cover it. And finally the special purpose vehicle, the shell company shell game that lets Meta build a 30 billion dollar data center in Louisiana under a company called Beignet while keeping 80% of the debt off their own books through firms like Blue Owl, Blackstone, and Apollo. Here is the part that matters. When you sell off the debt, the risk moves to whoever holds the bond. That is pension funds, retail investors, everyday people. The billionaires keep the upside and hand you the downside, exactly like 2008. In 2007 Ben Bernanke said the subprime problem was contained. This year the IMF used almost the identical word about private credit and AI. Contained. We have heard this song before. I also get into why this is capitalism working as designed, why the China argument is being used to justify all of it, and why I think this ends in more money printing, more hyperinflation, and another transfer of assets to the people who already own everything. Support the show

  4. Aug 4

    Morocco, Israel and the Strait Nobody Is Watching | ZFS 96

    Send us Fan Mail 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 shipping. I explain why I do not think it holds, and why I would bet we are bombing Iran again within the week. Then we get into the part nobody is covering. Ceuta. A Spanish city on the Moroccan coast that just got flooded with tens of thousands of military age migrants, escorted by Moroccan police. Thomas Massie flagged that the GOP passed a bill with 40 million dollars for Morocco two weeks before it happened, complete with language about Morocco's claim to Ceuta and Melilla. Netanyahu's son has been openly calling for Arabs and Muslims to flood those exact Spanish territories since 2019. Spain has been one of the loudest voices against Israel since the Gaza genocide. And Spain controls the Strait of Gibraltar, which after the Houthis and Iran closed the other straits, is Israel's only remaining path out to the Atlantic. So I lay out the theory. Three straits, one agenda, and a whole lot of American money greasing the wheels. Plus a Trump highway in Morocco and a king living it up in Paris while his country does the dirty work. Is my tinfoil too tight? Watch and decide. Support the show

    Morocco, Israel and the Strait Nobody Is Watching | ZFS 96

  5. Jul 31

    This Crash Indicator is FLASHING RED | ZFS 95

    Send us Fan Mail 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 along with them. I draw the whole thing out on the whiteboard so it finally makes sense. Here is why it matters. The 30 year is sitting at 5.26%, higher than it was right before the 2008 crash. Our interest on the debt is now over $1.1 trillion a year, more than the defense budget. The Strategic Petroleum Reserve just fell to its lowest level since 1983 in its 18th straight weekly decline. And the Iran war keeps choking off oil, which pushes inflation, which keeps bond investors demanding higher yields because inflation is theft and they know it. I also break down Kevin Warsh's latest Fed meeting where a single sentence about there being no soft inflation target moved both the stock and bond markets in under an hour. I close with exactly what I am doing with my own money in an economy that is telling us inflation is here to stay. Support the show

    This Crash Indicator is FLASHING RED | ZFS 95

  6. Jul 29

    The Rothschilds Are Mentioned 12,000 Times in the Epstein Files | ZFS 94

    Send us Fan Mail 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 we walk through the whole list. Trump on the flight logs eight times. Ehud Barak. Prince Andrew. Alan Dershowitz. Peter Thiel and his 2,200 mentions plus the $40 million Epstein put into his funds. Les Wexner. Leon Black and his closed door deposition. Peter Mandelson. The Sultan connected to a tenth of the world's sea transport who stepped down right after the files dropped. And Ghislaine Maxwell serving what looks more like a spa retreat than a prison sentence. Then we go deep on Ron Lauder. The Estée Lauder cosmetics heir. Father in law of new Fed chair Kevin Warsh. The man who pitched Greenland to Trump according to John Bolton. Who financed Netanyahu into power through strategist Arthur Finkelstein. Emails asking for a billionaire's tax returns and will after a single lunch. And a 60 year friendship with Trump that connects all the way back to Bibi and the World Jewish Congress. We are three dudes in a basement connecting what is already public. That is all this is. The evidence is right there. Support the show

    The Rothschilds Are Mentioned 12,000 Times in the Epstein Files | ZFS 94

  7. Jul 24

    The Epstein Cover Up Is Falling Apart | ZFS 93

    Send us Fan Mail 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 Zorro Ranch. They said they have already complied with the law. They have not. Sean, Joe and I walk through our corruption map and the entire Epstein sphere. Zorro Ranch and the whistleblower email describing two girls buried in the hills. Howard Lutnick lying on a podcast about a business relationship with Epstein that the BBC just confirmed through a whistleblower. Leon Black and his closed door hearing that cleared him. Glenn and Eva Dubin. Kevin Warsh running the Federal Reserve. And the victims who got doxxed, lost their jobs, and were met with gaslighting while Todd Blanche spent nine hours with Ghislaine Maxwell and not nine minutes with a single survivor. The one bit of hope is the Epstein Transparency Act part two from Thomas Massie and Ro Khanna, which would let state attorneys general pull the files directly from the DOJ and prosecute the crimes the federal government refuses to touch. It is a small government bill that puts power back in local hands. Pay attention to it. Support the show

    The Epstein Cover Up Is Falling Apart | ZFS 93

  8. Jul 22

    Could Housing Crash? | ZFS 92

    Send us Fan Mail 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 nowhere near a crash by the actual data. I also explain why most homeowners today are structurally protected. If you bought or refinanced before 2023 you have a low mortgage payment and real equity, which means even if you struggle you can sell and walk away with money instead of getting foreclosed on. That is the opposite of 2008. And here is the part nobody wants to hear. The only two times housing has actually crashed 20% or more in American history were the Great Depression and the 2008 financial crisis. Both times it took mass unemployment to get there. A crash does not help the working class. It transfers assets from struggling families to the people who already own everything. Be careful what you wish for. I close with the Iran war, the Strait of Hormuz still being choked off, and Trump's latest truth threatening to bomb Iranian infrastructure every time a ship gets hit. Support the show

    Could Housing Crash? | ZFS 92
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About

We break down housing, growing wealth gaps, and the economy in a simple, meaningful way. Clear, honest, and structured for real people.

Information

  • Creator
    Zachary Foust
  • Years Active
    2025 - 2026
  • Episodes
    110
  • Rating
    Explicit
  • Copyright
    © 2026 The Zach Foust Show
  • Show Website
    The Zach Foust Show