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On The Chain - Blockchain and Cryptocurrency News + Opinion
Clarity Just Changed Everything… XRP Was Ready
02:11:35
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All right, Clarity. We're going to talk a little bit about clarity. We're going to talk about the Clarity act. But Clarity really changed everything. And if you're still looking at XRP like it's just another crypto, well, you're missing what just got unlocked. And it's going to be pretty big, some pretty big information to get into. But yeah, and this is where it really gets interesting because this isn't just regulation finally getting ready to move forward. This is everything that's been built around xrp. Xrp. The XRPL really now getting a green light. And this is what is really impressive. Now while people were waiting, we watched it happen. We watched it in real time. Flare was actually building its infrastructure. We're going to look into that. We're going to see some of the things that Hugo Fin has been up to. We're also going to look at a new NFT project. NFT platform. That's right. Built on Flare. Flare is probably one of the most growth ready products that are out there or projects, I should say. Now with Flare and, and XRP actually being well positioned and wet, it's, it's, it's impressive. Really, really impressive. The system might actually be ready to move. So if you guys are ready to get into this stuff, we got a lot of things to cover, a short time to do it. So let's go. Welcome to on the Chain. Welcome to on the Chain. That's right. Hey, this is Jeff here on my own solo. Welcome to on the Chain. Great to see everybody here joining in. Great to see you on the, on the live, on the podcast and on the rewatch. We appreciate all of you guys. All right, so today we are breaking this down. That's right. What just changed with regulatory clarity? Well, wouldn't you want to know what's been quietly built around XRP and Flare and why this moment could be a lot bigger than people actually realize that it could be. So we got to get into that. We're also going to dig into some geo politics as we always do, because that part is really, really important. And we are going to start off with some impressive Flare and XRP related news. Man, I'm trying, I was trying to get the color down. There's something off with the camera a little bit, but that's okay. We're gonna, we're gonna live through it. We are going to live through all this. So as you guys bounce in here, good morning as you come in, good to see you guys here. Give a quick shout out where you are. Tuning in from. So we know where you're coming from. We have people that tune in from all across this globe. That's right. All throughout the US all sorts of different time zones. It's always really impressive to see people getting up at 5am to tune in from the west coast. And when we stream at night, seeing people that are tuned in at 12 o' clock in the morning and even the next day, because we have a lot of people that tune in from New Zealand, from other parts of Asia, from Australia, which is always really great. So we got Pennsylvania logging in. Awesome. So, man, where do you guys want to start? Let's. Why don't. Why don't we dig in? Let's get into flare first and then we'll start diving into some of the things going on with xrp. But I think it's going to be kind of a natural progression. We have some commentary from David Schwartz. One we're going to dive into. Why aren't people bidding up the price on xrp? It's a relative. It's a relevant question. We're going to dig into what he said about that. We're also going to dig about a. Into a comment people are continuously taking out into a different context when he said that XRP cannot be cheap. David Schwartz actually provided commentary on his comment on the comments that have been posted on that comment since 2017. 2017. So we're talking about nine years ago now. This is, this is the craziest part to me right now as we start looking at crypto, how far into this thing we're getting. In the beginning, it seemed it was super exciting, brand new. Everyone's trying to figure things out and now here we are, here we sit. That was like the impetus towards the height of crypto was that 2017 mad rush where he started getting some big recognition. That's right around the time I entered, even though I'd been looking into bitcoin. Should have pulled the trigger back in 2014. That would have been nice at $750 for a Bitcoin back then. And I was skeptical. It took me a little while. Took me a couple years to. To wrap my head around this thing. So. But we're going to get into all sorts of cool things today. There's any thing that you guys want to review specifically, go ahead and post it in the commentary. But we are going to dive in to the shallow end head first for maximum impact, as we like to say. Here we go. All right, I am going to pull this up here. This article we're going to start diving in really interesting drive diving down through, through flare look there's all sorts of commentary floods over here in, over here in the comments. So we've got Ottawa, Canada, that's where Jess is coming in from. Got Ottawa, got Connecticut which is very cool. Joe Bud, what happens to all the crypto projects that are not SEC listed? That's a good question. I gotta believe that any, anything that's not listed, I gotta believe they got to, they're gonna have to fight just like anything else. I mean first and foremost we need a little bit of clarity. Secondly we need the regulation so clarity through regulatory bills that are, are passed and that's going to happen. It's on its way. So see Alexander, the based people can't bid up the price of XRP about hundreds of thousands of extrapy and the price hasn't budged. Who's he talking. We're going to talk, we're going to find out exactly who exactly is he talking about. Why did, why did he even bring it up? Why is that relevant? And you're right, the price hasn't budged much. That's what's great about xrp. It hits certain target points and then it stays relatively consistently stable. It doesn't have massive swings to it but it's moving step by step by step. Must not be the common people he might be ref. He might have been referencing specific people. So six and a half years. Yeah, there you go. It's crazy right? It's amazing. It's really, it's amazing. Six and a half years. You know we just keep going back and there's Justin coming in from Ona, Kansas. What is going on? And it's, it's great too. Yeah, I like that Stock portfolio. Making crypto portfolio look like a happy Meal. I like stock portfolio with etf you start packing in some bitcoin ETF you can pack in XRP ETF a lot of good opportunity to put in, put crypto into a traditional stock portfolio and you don't necessarily have to open up a, an account or wallet an account with an exchange and, and wallet and things like that. Louisa, if you look at XRP as a buy and sell coin, I wish you the best. But if you look into XRP as a money rail for the new economy then you will get surprised what XRP will do. Exactly. And that's, that's a really, really strong narrative. I like that, I like that point because too many people. Hang on, I'm getting blinded over here some for some Reason all the lighting was moved. There we go. That's a little bit better. But yeah, and that's a really sign. That's one of the narratives that we like to talk about over here also, is that specifically if you're trying to trade it, if it's a traded coin or asset, then yeah, I mean, you might not be, you might not be so happy at this moment in time. However, if you look at the, you know, people can obviously trade. You get your bot out there looking for small marginal gains, then maybe that's different for those day traders out there. That always in the beginning, back 2017, when I got into crypto, I was, I had a pretty good strategy for day trading stock. And I said, you know, I'm going to take that, plug this into my algorithm, and I'm gonna start working crypto that way. But it was, it was a totally different world because any money you put into crypto, you'd wake up the next morning, big gains, moving stuff around. Everything was great. And then 2018 hit, then we fell off the cliff. And that was a, that was a life lesson. But to your point, really big gains come out of full utility, full utility come out of exactly how xrp, the xrpl is being potentially built into the foundation of the new economy and the new financial infrastructures, I should say. And that's where xrp, XRPL flare and many others are really establishing the foundation of all of that, which is, which is great. And we need to look at that also, you know, for, specifically in this, because of speculative gains, I think you're potentially, you could potentially get, get hurt, but maybe not. You know, it all depends on what your speculative hold is going to be. And it's, it's really interesting. I was at a conference yesterday unrelated to crypto or even unrelated to finance, and one of the speakers that came up was specifically talking about, about finance. I was on one of the panels earlier in the, in the, in the conference yesterday. And so he got up there and he's talking about loans and extending venture capital and things like that, and the, the monies that he's helped others raise through VC or through financial institution. Uh, and so what was interesting, someone in the audience brought that up. They said, what are your thoughts about investing in crypto? Completely seemingly off topic. They must have. He had said that he saw him at another conference previously to that, and so it seemed like it was off topic, but maybe it was a carryover from a previous conversation they had at a different conference. But he said, what are Your thoughts about investing in crypto. And it looked like he was attacking the guy from the audience. He was attacking the speaker, just the, the demeanor behind it. But he had missed the point. When he, the speaker had mentioned, you know, from a crypto portfolio, he said that is like a, you know, that would be a small percentage of 5 to 10% of the portfolio for him where he's putting into crypto. And he said it's money that he doesn't care if he loses. He's willing to lose, he's willing to take the risk, and if it evaporated tomorrow, he's okay with it. So the guy kind of missed that component of it. He reiterated. And, and that's a really solid point from the beginning. You know, if we're into a, a speculative asset, then we're taking money out of our pocket that we potentially don't mind if we're going to lose. And so that's the risk. Everybody has a specific risk tolerance level. People have a certain number in mind that, hey, if I put this in and it disappeared tomorrow, I'm okay with that. Others, not so much. And then there's big risk, you know, so it all comes down to risk tolerance. And, and that's really, you know, a big part of it. So Alexander was saying, responding to Louisa, it, it actually makes a great buy and sell coin because it stays in certain ranges. We pretty predictable. Are people losing money trading extra beat? That's a good question. I don't know that people are. But you're, but to your. It is a solid it and it has been very, very stable over time. Whereas with bitcoin, think about, you know, if you get like a 10 or $15,000 swing on Bitcoin or in the thousands, you know, that can be a disruptor. You know, that could definitely, you know, hurt a lot. So, man, didn't get the notification on. Uncheck notification, recheck notification. If you guys are brand new here, make sure that, make sure that you are subscribing, subscribe, you know, all the, all the good stuff that, that you need to do. Subscribe and hit the bell notification. That would be really helpful. And how. If we turn that off. There we go. All right, so let me, let me get in. Here we go. We're going down with the boat. That's it. Not, not getting out of this boat. That's the thing. If you've been in this boat since, since 2017, you're not getting out anytime soon. That's for sure. So. All right, let me, let Me just pull this up. Just going to go through. Hang on a second, let me make sure it's shared. Well, see here we open up the next part of this. These might be a little bit out of sequence if it goes that way, but I thought that this was, this was actually an impressive video. We're not necessarily going to go through the video, but this all, all coming in from Flare Networks. So hang on one second. Let's get, let's get the screen shared. All right, so XRP Vegas just happened up and there were quite a few attendees over there per all the commentary on X. Now Flare Networks put this out. If XRP Vegas got you curious about Flare, here's where, here's where to begin. Mint FXRP non custodially with the wallet you already use and then they put together a playlist of exactly how you would go about minting fxrp. So I, I really like this. I like the idea, I like the tutorials, I like the simplicity. I like the fact that they put kind of a, a step by step. Right. Mint FXRP easily and you're using oxen flow Simple XRP bridge. How to mint and redeem FXRP on flare with Zaman. If you have a Zaman wallet, hopefully you do. How to mint and redeem XRP or FXRP on flare with the ledger and also how to mint and redeem FXRP and flare with Bifrost. So if you have Bifrost or if you have Zombie. Now they posted these obviously a few months back, half a year ago, so six, seven months ago. But there's different ways to get in and redeem fxrp. Here's how you mint it. Go to Zamen, go to Bifrost. Those are two easy ones. If you have a ledger, go ahead and do it on your ledger. Now what's very cool about all this again is the attention that Flair is receiving within the community. Now there's still people out there that you know, are not familiar with it, you know, so that is, you know, that's important. You know, let's get the word out, let's make sure that people out there are seeing the development in the space because other than Ripple, I want to say Flare is probably the biggest builder out there using XRP L or with the intent of building in XRP and everything that they're doing. There's obviously a lot of other, you know, many other good projects out there that are gaining some momentum. But we're going to talk a lot about, we're going to start about, start off going through A lot of flare, that's what we're going to do mainly because you know, it's from time to time we gotta get in. People are interested in flare, they want to see progress with flare. Not always easy to stay on top of where things are are going directly with flare. And so let's look at this is Christops Grinberg, right? He's a blockchain, mobile and full stack development program developer, relations engineer for Flare Networks. It's a speaker founder, a cat person, we won't hold that against him. And orienteering and apparently a vegan also. But being an animal dog person, it's the first time in many, many years I don't have a dog. Actually our dog, we had to put him down two years ago and first time we we I've had a dog free house and it's now two years. I can't believe how much time has gone by without a dog in the house. We have one massive, massively sized goldfish that now we're gonna have to get a huge tank for. So here we go. Who's crypto? What's going on? Here we go. Okay, so here's Crystal saying direct minting F assets on flare networks just got smoother reserve. Reserve a specific XRPL transaction tag once, reuse it or transfer. This is perfect for repeat mints, exchanges, custodians, wallets that don't support memo fields. AI agents, AI agents. Look at that getting ready. This AI is getting ready to explode. There's so much getting ready to go on. I mean it is exploding right now but AI with crypto it's going to take us to a whole new a. No a whole new world. So here we go. Here's some full guide here. They put a nice info graphic to direct mint with a tag kind of go through, you know again we saw some of the videos minting fxrp but here you have if you want a minting tag so reserve a minting tag via minting tag manager, bind it to your flare recipient address, send XRP to the core vault with your destination tag and executor finalizes the mint over on Flare. It's very, just very cool. Look at this again. Repeat mentors, exchanges and custodials, custodians, market makers, wallets and apps, back end automation. Anyone who wants a cleaner XRPL payment float building into your project. Are you building a project with payment rails? Do you want a simplification of, of using a flare and have a flare tag? A specific tag then this is, this is definitely for you now, this is what is actually going to move the needle. Right. We talked about that right in the beginning. Is it speculative? Is it a speculative asset? Or are we looking for those that are building the rails of the future economy and the future financial institutions? This is what it's about. It's about development, it's about building, it's about growth. That's what moves the needle on the valuation, on the value of the different assets. Because without it, then, then what do we get? Right, so here we go. Dashboard. Yeah. What do you think about David Schwartz saying could be. Exactly. Is it a conspiracy about the price? We're going to get into that commentary. I thought that was really interesting site for flare instructions. Yeah. So if you haven't done anything with flare, you can go check it out. Where was that previous one? It's over on YouTube. There's, there's a YouTube playlist up. So just keep in mind that as long as you guys go to onthechain IO and just register, you don't have to register with support unless you want to, but you can register for free over at on the chain. Go to Onthe Chain IO on the Chain IO and then click this white button here. It says subscribe, right? Or this red button that says subscribe. Or just come to on the chain IO and then you can come over and say, let me take a look at all the last podcast and you'll see every single one that we've done. Now the benefit of subscribing, if you subscribe, then you'll get an email with all of this in an email, every time we finish the show wraps up, we prepare it, email goes out and you have everything automatically. But when you pull it up on online, then what you'll get on the chain IO you'll get our podcast audio form, get the video, then every single article that we covered. There's links to all the different content. So you can watch the videos, you can go scroll through, look for content. And typically it's going to be sequentially in order of what we talked about as we kind of drill down through the various articles. So it should be up on the new one. Well, after the show, all the different links, everything is posted and you can always go back, say, I wonder, let me go back. I want to rewatch some of these interviews that had been done as well and see who we have had on the show. We do, we do try to bring in interviews. You can see so far for 26 were a little bit light, but we had December we Had one in January with the Antidote team and then we had one another one in January. We have a couple other good interviews that are pending that we want to really get into over the years. So that podcast about the podcast. Sometimes you do these interviews, they're a lot of fun to do but sometimes they just crush the views and people for some reason. These are probably the most important parts of content. Bringing some of the top people in from the space and then it, you know, the, the viewership just isn't always there. But anyhow we've got tons and tons of content to drill back through. So that is a plug for on the chain IO and where a point where. Where those where everything is going to be link wise. So. All right, flying solo. That's right. We are flying solo today and we've got Chad coming in from nyc New York City. There you go. There you go. There you have it. All right. Wow. Hugo, filing or fill on talking about the best is yet to come. Well let's see about that. Let's see if this is the best is yet to come over here. We're gonna check this out. There was up. This is good too. So this is Hugo saying this time it's not me saying it, but billions can come to flare just with uphold with the FIP16 flare token economics is fundamentally linked to ecosystem expansion. So year let's see what this is all about. Let me just open this up here. It's a short, short video and it's shot perfectly in horizontal as in vertical. So it's not really perfectly appropriate for playing back on a podcast like this unless you're doing it on your phone in vertical. So all right, here we go. Uphold, huge sponsor of XRP Vegas this year. And even Uphold had some good commentary to say on some of the things that are happening, especially in reference to the billions the that can come over to flare via. That's right, via the platform here. So via Uphold chip logging in chip 7. What's going on Vertical. People love love shooting in vertical. I figured you know why? It's because it's some for some reason easier for people to hold it like this than like that. Just a little bit more uncomfortable maybe. I don't know. It's a good question what it really might be. But let's play this real quick.
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Last year, as XRP has grown, as use of the XRPL has grown, as RLUSC has grown, flare has been building and we're super excited to turn on our flare integration coming in just a few months we have billions of dollars of XRP on the flask. That's your money. That's not our money. We cannot trust that to just anyone. So as Flare has evolved, as Flare has built in the new protocols, up their cats, up their limits. We're starting to turn on the faucets. Expect to see more there. And we also have headspace with Hugo to talk a little bit more about that later today. Defi is evolving. It is not just about borrow and lending, which we support through the Exactly Protocol. It is now creating new financial instruments that did not exist before. Firelight is an innovative protocol running on Flare that allows defi insurance. It's a way for a defi protocol to protect against some of the catastrophic loss. But it's not the old world where the insurance companies are the ones who are getting all the value. Participants in the network can help secure the protocols that they use. And that means yield on xrp. So Firelight is really, really exciting as it comes. And everyone is still building.
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Everyone, Everyone is building. I can't believe that this is. What was this, what was shared. But you know what's crazy about it? I mean, it's good content, short content, already cut, you know, cut up so we can use it. This was obviously in something. They had it seated perfectly. I can't imagine that someone was recording this. Like, there wasn't not one. One millimeter of movement. So it must have been sitting on something. And so it'd been so easy just to swivel it and give us a bigger perspective and then maybe zoom in a little bit. Maybe we can just give some commentary. There should be some, There should be specifics on. On etiquette. That's what I was thinking. Ethics. There should be specific etiquette for posting videos up on. Up on X. That's what there. It just should be kind of a known thing. And if you, if you post something like this, you should be downvoted or something. Be like, hey, you know what? These videos gotta, we gotta make a change. This is all posted directly from Hugo. But yeah, I wanted to bring up this, this comment here also. So you're right, man. $11,000 for a ticket, plus if you think about the cost of travel, plus the cost of staying in Vegas, add that all up, you're spending thousands and thousands of dollars. So it's crazy, absolutely crazy how much it is to go and attend these types of things. And it would be great to attend now if you're in the business and you're a developer and you're doing all these, all these things and you want to, you know, it's worth the cost of, of going to attend and to meet people, network with people and everything like that. But man, definitely, definitely hard to do. Alexander saying, in this day and age, I don't like being in places that have mass amounts of people because there's too many deranged individuals in the country. Have the means to go to extravagance, but not willing to go. I don't, I don't know. It would be. We're gonna do. I like this idea. We need to do a meetup at Swell in October. How much fun would that be? We'll do an OTC meetup and we'll drive, you know, get as many people over, over there as possible. That would be a blast. I think people would love that. That would be a great idea. Swell meetup. It'll be swell. It will be swell. Yes, it will be. So that'll be something definitely, definitely necessary. Or, or is it delightful? It just might be very delightful. So we'll have to go check out and see how delightful it is. All right. You know, I'm clicking around, missing, missing my tabs here. All right, we're gonna keep drilling through more commentary here from on Flare. Then we're going to get into some commentary from Brad Garlinghouse and also David Schwartz. So let's see what we got here. I love all the kind of the new updates, but Flair and its partners are building the rails for the evolution of finance. I love, I love the bold statement. I, I really do. But Firelight, Firelight will be back with Smart Yield and native capital backed protection layer. Oh, I forgot to share my screen. Look at that. You guys don't get to see how cool the post is. So there we go. Firelight, a native capital backed protection layer providing direct coverage for Centaur Vaults. But this was the statement, right? Here you go. Building the rails for the evolution of finance and making big progress. It's been a couple years and now we're starting to really see the progress. But you know, what's the, the problem? And this goes back to what we're talking about right in the beginning is that people's expectation is that there's going to be immediate rise, right? It's a speculative rise of, of value on the asset when they're in building stage, no revenue. There's all these things going on. But this, these, these are the comments, these are the naysayers, right? Flair and Songbird 95 down in value from the beginning. Fingers crossed to break Even one day, that's it. Okay, great. You know, it definitely came down quite a bit. Much of it, you know, was airdropped. I gotta believe people did, you know, buy into it. But people are so negative on the valuation. You know what happens? People are holding it. There's no, there's not a lot of buying and selling. How, how do people think that the valuation of a crypto asset goes up and down. It's based on the demand, what people are willing to pay for it. If you go into, if you go into the, the, into the, into the graph, into the, the buy the cells and the buy the bids, then you'll see what people are willing to pay for it. It's a speculative asset. It's not tied back to any type of financials from a company that there's, there's no strength behind it other than being a spec being based purely on speculation at this point. And part of that speculation, like when it comes to XRP that's given it some valuation, is that there's growth and building going on. But most of the attention and focus in the space isn't on development and isn't on what we just saw. Hugo say that Flare and partners are building the Rails. They're building the Rails. Are they going to happen in the future? Not going to happen tomorrow, not going to happen six months from now. But all this stuff is being built specifically for that evolution as we've seen Ripple now for the past 10, 11, 12 plus years that have been consistently also orchestrating and, and building towards the objective that they have, which is simplifying the payment infrastructure, moving money, moving money across borders and all of the different components that go along with it. Now with AI gives us a whole new breadth of options, you know, that will tie in crypto asset. We saw, you know, kind of simplifying if you can create a system with the, without the tag, right? So if we go back over here, what one of the things that they're doing here is, you know, have a one tag, that's it, have a specific XRPL transaction tag. Now imagine you're building it and incorporating it with AI, right? Your AI agents. But this is really going to the projects, the ones that are building for the financial growth, right? So you have repeat mentors, exchanges, custodians, market makers, wallets, apps, all the things to, to build. Now imagine you're building apps. Imagine you're building AI based apps, AI generated apps, AI involved apps, whatever it might be. You're building financial apps that inter, integrate interconnect into exchanges, something that's going to B2B, something that's going to retail, whatever it might be you're building. Well, you know what, you're going to use the tools that these guys are rolling out when these all get integrated and Main street begins adopting and using the technology. The technology could be back end technology. It doesn't have to be in your face technology because most people out there could care less if it's XRP or XRPL or if it's somehow built on the lightning network through Bitcoin or if it's flare or if it's one of the host of many others out there, the Main street, they don't care how the engine works. They, they just want to know the engine works. That, that's it. And so this is really an important part and I think lesson and eye opener for, for most because you get these people out here that are looking for short term gains and, and that's just about it. You know, we can't just go through our short term gain. We really have to figure out, you know, what, what else is going on. So XRP collapse we. A clown. What A clown. Absolute clown. So, all right, let's see. All right, here's, here's more. So let me go back and focus in on the billions. Let's see. Oh, look at this. Oh, I was excited for a second. I thought it was shot in horizontal, but it was shot in vertical. So we're not going to suffer through another vertical video. Let's scroll down here. I'm just going through. There were so many good comments and takes from, from Hugo. So here's another one. He's just been posting, just relentless. Sometimes it's posting, you know, good, uh, good updates, sometimes it's other things. But here you go, put your XRP to work. Just use flare and wrap it with flare. But then here again you get into it. You know, XRP doesn't need flare. Stop luring people into useless assets. But XRP doesn't. It's, it's a project that's being built utilizing xrp, utilizing the XRPL building towards. What did he just say over here? Right? You know, there's just, there's so much going on. So there's uphold. Uphold is, is now very much integrating into, into this, this new evolution. Right? So if you're gonna have flair and being able to rap flare and, and then they have their, their videos. So just go in there, mint it, use it. It's a technology, it's, it's really it's a back end technology, it's not a front end. It really, it kills me how stupid some people are in the space and we see it time and time again and it's, it really gets old when you see the, the commentary from some of these people because a, they're, they're just strictly 100 in it for making a fast buck. Now I could say that you know, after being invested since 2017 and they're like well is after all this time, you know, is it five years, you know, is it 10 years? Long term, long term vision. And if you think about the growth over time, all crypto asset, you know, over time as exponential growth. Bitcoin has performed phenomenally over, over time and so obviously still risk, still speculative. But this is what it's all about. It's all about building, it's all about the development and, and that's it. So that, that's where we're at, that is where we are at with this thing. Let's see, let's move on. Let's keep going. This I thought was interesting. So then, then we're going to get into some commentary with David Schwartz. I thought he had some interesting statements. And also with Brad Garlinghouse. There's an interesting project. We've seen, we've seen ETH based, we've seen ETH based NFT projects explode in the past. We've seen the XRP Cafe where our NFT project is sitting and waiting. We've got the badass Yetis over on XRP Cafe. Now check this out. Unlocked 1 million in flare volume. This is Digital Dynamics. Less than one month after launching the Digital Dynamics NFT marketplace has reached a huge milestone. 1 million. 1 million plus FLR flare volume and traded NFTs fueling our ecosystem growth and inflows to the royalty vault. Proof that Flare Network's NFT ecosystem is picking up steam. This is just the start. So there you go, there you have it. This thing is definitely making some, some headway. Let me, let me pull this over here. So this is Digital Dynamics. This is their NFT Marketplace. Lower engagement stuff is happening though. They've definitely made some, some progress. It's interesting. You know we saw the same thing with XRP Cafe. When you really get into it, you don't have massive engagement. Now people say why doesn't the price and valuation of Flare or XRP go up? Well the reason why they don't go up is because people don't part with it. You know, you're not, you don't Have a lot of transaction. Why, why, why is ETH valuable? Eth first mover advantage in smart contracts, first mover advantage in ERC 20s they did things right. They were kind of like the, the PC world with Microsoft and they said, you know what Microsoft's like, hey, if you build a computer, you can load our, our software on any computer. Doesn't matter. So what did ETH say? Hey, if you want to build a token, you use our platform, build it within, build it as an ERC. 20 lots and lots of them. They, they made a real smart move there. Brought everybody into the ETH world, right? And so from an NFT perspective, same thing, nft, you know, they dropped and it brought huge amounts of attention to the NFT space with OpenSea and others, all ETH based. What was the problem with it? It's way too expensive. The, the cost of gas is, is super upsetting. You know it's, it's crazy how costly it is to transact an NFT in the ETH space. And so that's problematic. What did XRP Cafe do? It's amazing. It's not costly, it's fast. You can, and it's cheap. You can purchase, sell, move, transfer an NFT over the XRPO using XRP Cafe in expense. What's the benefit of flare? It's showing real world utility and activity using Flare. That's why I'm super impressed with Digital Dynamics and it's newer to the marketplace. So you have a newer product to the marketplace and there's more to it. So who's crypto over here? Who's crypto? Digital Dynamics, a great project. They also run a flare entity that you can delegate and stake to. Now, full disclosure, whose crypto helped John set up the floor? The Flare entity. So though the, whose crypto said they will be adding a second validator soon. So that's exciting. That's real exciting to see. This is what it's all about guys. You know, it's not about, hey, what's the speculative cross price point? And all these idiots that always love to comment on, on posts and say oh it's a coin or you know, look at this, flare's a coin. I, I believe in you and invest in flare and all it's done is lose my money, lose me money. Just another overhyped scam. Is it an overhyped scam? When these guys are developing, they're building the rails of the future of finance, they're actually building a product that is functional and usable and they're making Massive progress. And then you have other projects that are now building on top of their layers. So how, how does that become a coin? A coin is, that is a, an asset coin that has no attachment to anything. Strictly built based on, on speculation. Then you can make some claims, but don't make a claim that it's a coin. Hey, I believe in you, but your coin's a coin. If you believe in them, then you believe in the project and you know exactly the direction they're building in. This is impressive. When I, you know, looking at where this is at with digital dynamics, I really love it. You know, you come in here, learn, learn the ecosystem, really drill down and figure some things out. I like it. I really do. I like the, I like seeing the growth. I love seeing the initiative to put together something like this. And now you know why you don't get massive engagement. It's because of the people. It's the audience. It's not the project, it's the audience. People within the flare and really stemming from the XRP world don't part with their xrp. That's just, that's just the point. Bitcoin people are willing to buy, sell, they move it around. Ethereum same thing. That's why the Ethereum NFTs exploded because people are willing to not just part with their eth, but they're willing to part with the gas fees to move their eth. That, that's monumental. I can't believe, you know how difficult it has been over, over the years to buy anything or move Ethereum and buy anything. With Ethereum because of the gas fees, you want something for a hundred dollars, you're paying like $60 in gas fees. None of it made any sense to me. It's like not, it's like Vegas money, you know, it's just, it's not real world. But over here you have, so you have good volume. You know, this is just the beginning. What is the potential of what could happen within this flare? NFT marketplace gonna take a lot of marketing, take a lot of doing, take a lot of activity. Then it's going to take creators and builders and, and all of that that need to, need to jump in here. So yeah, so, and that's, you know a lot are saying the same thing obviously that you know, Ethan, Bitcoin, you know, they're just slow and expensive, super expensive to use. And, and that's really, that's what it is. Yeah, Yeah. So but I think it's the exact opposite which is for whatever reason, right. And Alexander's saying what I mean, because they're slower, more expensive, people are less inclined to use it after buying it. But people are more willing to use ETH and Bitcoin. Maybe Bitcoin is more a store of value, so. But Ethereum, they're all alive and well. You know, you still. People see people spending lots of money on, on the NFTs, even though the NFT craze has subsided. You know, you say the same thing with Solana, same thing. You know, know, not costly. But that blew up because people are willing to engage with and part with their money to actually do something. But here's a really good point. You know, Chad says solve a real problem for a real customer and you'll increase the value of the to. That's right. If, if Flare is meant to be and have massive gain, then that means that the projects that are being built utilizing it are going to make a difference. Need real customers, we need real values. We've moved beyond the 2017 hype of speculation. We've moved beyond the toddler years. Even, you know, crypto projects are growing up. They're entering the real world. It's kind of like the doom. We talk about that a lot.com in the beginning, if you had anything dot com, they gave you money. Crypto similar AI is now where crypto was. Lot of focus on AI, lot less focus on crypto. Everything's AI, AI, AI everywhere. I think it's overtaken, you know, media platforms and everything because it's all about AI. Now we got to figure out how to connect AI to crypto. And that's one of the things that they had mentioned with those tags that you can purpose it for the AI agents. Now there was another article I didn't put here. The question was, could AI agents open up bank accounts? And now the answer is yes. AI agents are able to open accounts, put money in accounts and transact with that money. So I thought that was kind of cool. Joe Bud said, I buy flare like a lottery ticket. It's so cheap. Five bucks here, ten bucks there. Expect to lose. But buying, yeah, just load up, put, put in what you're, what you're willing to lose, you know, and then look, they're, they're developing something. Think about people put money in dogecoin did nothing, absolutely nothing. And think about the gains with a dogecoin because of a lot of the hype, but it kept value. Now it still maintained the value because people have that perception of value. There you go. Visual Vedetta. AI does something. I still don't see what cryptos are doing. When we get regulatory clarity I think we're going to see more momentum. But what we are seeing is the back end infrastructure. A lot of the focus is now moving towards, I think a lot of this is really moving back towards the. I lost my track, my train of thought. I was reading a comment the same time. But yeah, you know we're, we're really starting to see, you know the, the back end and that's we need the back end, we need the infrastructure, we need the development. But from a regulatory perspective it's going to be all about stable coins, stablecoin initiatives. We saw SBI over in Japan, we see some of the things that they're doing with in Korea. There's a lot of momentum in and around act but it's not always just about the xrp. It's also about the xrpl. It's more about the back end technology I think is more impressive that day to day asset and movement. Now with the stable coins and regulatory clarity around stablecoin it almost makes more sense to move in a stable coin. If you can do it cheap then it has to cross the right rail. We still can't have an expensive transaction. So if they're building it with the xrpl we're using RL USD and you're building that within a platform that's impressive to me. You know, then it's not, hey, I'm trying to onboard people to xrp. Hey, I'm onboarding them to a stable coin. People understand stablecoin, it's one to one. If you move $1 to REO USD it's going to cost bet, you know, fractions of a penny to make it happen. So your transaction is going to happen through the stable coin but you're going to come into our platform and your and your money is going to move seamlessly. It can be held in RO USD, RL USD will be fdi. See in short, let's say at some point it's got to be through the regulatory clarity acts that they're putting together. You have to have that kind of protective mechanism in place. So then Main street says look, I can keep it in USD if I want to easily move my money cross border. Don't want to use the bank the way traditional through an ACH or a bank wire. Now I know that if I'm moving from point A to point B, if I'm sending chip money and I can say hey chip, I'm sending it to you right now, I'M logged into my bank account. Here you go, Boom. I sent it to you. And you're in a different country. And you get it today, you get it immediately. Not I'll be there in four hours, it'll be there tomorrow, it'll be there tonight, it'll be there whenever it gets there. Zel is good internally up to a certain amount. It's good mostly like more retail. Not really even. It's not really a B2B product. And so we need a B2B product where you can move thousands, tens of thousands, hundreds of thousands in the blink of an eye. The technology is all there, but it has to be accepted by Main Street. And that's the big differentiator. I think most of the people that put commentary up on the shitcoin status of, of the projects, I think a they probably are, you know, they have never been actively involved in business building businesses. Maybe they're new, you know, maybe they're younger. I, I don't know. You know, just. It just kills me their focus just not in the right place. So Chad, BTC is store of value. XRP will move the value, that value at the speed of the Internet. That's it. That's all we need to know. We don't have to know much more than that. And Aussie says at least XRP has clarity. That's right. The only one. There's no other asset that has that has clarity that was derived from a court case. There's precedent, there's precedent set that now gives complete clarity to xrp. It took a couple years. Think about Ripple on the forefront where they were fighting to make that happen. Me, that's impressive that you know that. That's why we talk about Ripple so much. I care less. I mean I, I have zero gain, zero invested invested in whether or not Ripple does well or does poorly. What's interesting about it is they built this project utilizing the XRPL in order to facilitate cross border payment. That's going to impact B2B transaction and it's going to impact how all of our transactions, our monetary transactions occur in the future. Now does that mean that XRP is going to become the reserve currency? No. Does that mean that XRP is going to replace the US dollar? No. Does that, does that mean that it's going to help simplify and, and, and speed up the movement of money and do it efficiently and cost effectively, meaning super cheap? Yes, that's exactly what it means. That's exactly what they built. That's exactly their infrastructure and that's their priority, their priority is to their business and how much money they can make. And that's really the, the beginnings and the ends of it. However, what, what's more again, impressive about it is that they're using the very technology that, that we're talking about, you know, that we're referencing then. And that's, that's how it is now. Let's, let's go and actually look at how some of these guys are talking about it because we've got David Schwartz and Brad Garlinghouse and we've got some really interesting commentary from them as well. Gerald, I think you need to take a step back and really understand exactly what's being orchestrated on a global scale. If you see it, you can't unsee it. What Trump is doing is monumental. It's super impressive and it's going to change, fundamentally change the flow of oil, the control, it's changed the, the power infrastructure on a global scale. And it's setting things in a direction that is unanticipated by most. But you, I think you'll be really impressed to see exactly where this orchestration is leading to for the betterment of all people, very US centric, but it's definitely going to be the better betterment of most of the world and putting things on track the way it needs to be on track and make sure that countries are taking responsibility for themselves, especially over in Europe. These guys have got to, you know, they have to start spending their money and taking, taking care of their own countries. They can't expect that the US is going to foot 60 plus percent of the cost of NATO. All these countries benefit from NATO, yet the US pays for 60% of it. That doesn't make sense. So it's time for them all to grow up. Time for England to grow up, time for France to grow up. Time for all these countries to grow up and, and start figuring things out. You know, they got to start protecting themselves as well. They got to start footing the bill for their, for their militaries. We can't be there to continuously do that for them. And so John Kennedy actually had a really amazing presentation in front of Congress the other day talking about all that. So, but there's, there's just so much to really dig into and look at. And Chad is saying, yeah, XRP will free up trillions of dollars that are locked up in no stroke. And that's what that was. The initial intent is you have all these Nostro Vostro accounts, money sitting stagnant in banks. We have Our money over there, their money, you know, and so we've got all these different banks to facilitate many times third party mechanism in order to move money to settle. It's all about the settlement. So even like with Zell, right, if you're internal in the U. S and you use Zell, that settlement doesn't occur instantaneous. The transaction is an iou. So if I'm sending chip money right now and I, and I hit send money through Zelp, it'll show up in his bank account in seconds. The settlement hasn't finished yet. There's still an IOU settlement between the banks. The banks are using that cell as, as kind of a, as, as a, a trade negotiator. And so they're saying, okay, I sent you money, you owe me money, you still need to transfer. I've moved into his account, all that. The back end settlement is going to happen now. You move it overseas. Those Nostro Voster accounts are critical and they keep money stagnant in these accounts to speed up and simplify the movement. And it's just, you know, we need, we need to get more clarity and you need to get that money out and make, put it into action because they don't need it sitting there. So yeah, there you go. And, and that's a solid point. You know, the amount of money that's being spent on, on illegals is astronomical. Something just happened in Chicago. Some of the, the residents were fighting back against the Islamic immigrants in Chicago the other day. And there was some. It was real impressive to see some of the things that were happening there, but thank God we have Trump. Thank God we do. Imagine right now we'd be in a shitty place. We'd be in a real, real shitty place. The US Is looking after our own country. Trust me. The other countries do not look after themselves. That's the problem. I'm not sure what part of the world you're in. Just let us know where you're at. Globally speaking, the US has looked after the world since World War II. Think about that. Think about all the things that the US has paid for in order to support the world on a global stage now, for good and bad. Right? But the US has been the sole hegemonic superpower in the world since the collapse of the Soviet Union. We let other countries kind of take care of themselves. Europe isn't taking care of themselves because we're footing the bill for their safety and security. Yeah, I don't, I don't know what else to say. You know, we're the ones protecting everybody. Canada exists. Canada exists solely because of us. Think about that. Canada is a population of 30 million. What is a population of 30 million going to do if it wasn't for the United States and our security apparatus protecting them? You know, you, you think about that. Think about, you know, all the different regions and parts of the world where the US has intervened again, you know, for sometimes good or bad. You know, I mean, but, but it's all, you know, at the end of the day, there's a lot of other things that are happening that people don't really analyze appropriately to understand. Exactly. Here's why we got involved. Here's why it was necessary. Here are some of the things that are being orchestrated, especially like right now. And I've got a good video that we're going to play that explains it, you know, almost, you know, to the T of exactly what's happening. Jim D. The Iran war was all about wrecking the Hormu Straits. Exactly. With Iran's own minds while rehubbing a new oil gas infosystem through Saudi internal pipelines to the Red Sea, Iraq, Libya and Israel. Exact. There's. And that's a, that's a component of it. Jim D. Can get even deeper into all of those things that were happening because. And this guy, this video that I'm gonna play here in a little bit will also get into it, the orchestration. And think about the Strait of Hormuz, you know. Right. All the oil, like a vast percentage of oil flows through the Strait of Hormuz or did right now. You move it. Why did Saudi Arabia leave opec? Why are things changing right now over there? Why did we go after Venezuela first? Why is Cuba about the fall? Why are all these pieces critical and important? What about our economic war with China? China heavily impacted right now based on the lack of flow of oil from Iran because they were very much tied to the oil coming out of Iran. So think about all these pieces. It's. There's a lot more to it. It's a brilliant strategy of what's happened. There was another video, I'm not going to play it, that talked about kind of all this apparent looking like chaos in the world while all of these infrastructures are being adjusted for what Jim is saying. The Middle east is going to be a completely different place when it's done. It's going to be a more positive place. The Middle east is going to be structured the way it was meant to. The British will have zero control and input on what happens over in the Middle east, that was a really important component of it because the British still had, maintaining some sort of control over the, over the, the Strait of Horo. And so, you know, that is done. So we got to remove that control mechanism. A lot of the tension and chaos that we see in the Middle east was actually put in place by the British in order to control this British Empire or this Arab Empire that they were trying to build under the authority of the British Crown. So there were a lot of orchestrations, plus they saw the value of the oil and there are a lot of components to it. Why the British did what they did, why they did it, and it all, it kind of backfired. But at the same point they maintained control in that region for, for a long time. And so it, there's just so much, you know, that is going to be, that's happening right now as we speak. We're definitely seeing a lot of this unfold and it's all impacted back to crypto. You know, we can't forget about the significance of crypto, what it means in the, in the financial space here. So let me, let me open up another one here. Hang on a second. So now let's, let's just get into. David Schwartz. I have a couple more of these. Then want to get into the Clarity Act. There's some updates on Clarity act, which is interesting. And then actually there was some really good commentary from Chip. If Chip is still on, we're gonna read through that and we're going to look at the Trump Doctrine on full display. And Jim Dardi kind of dropped some of the, the science on that one. So that'll be great. The uae. And I thought it was Saudi Arabia. Was it only the uae? I thought Saudi also withdrew from opic. Opec. I thought that it was Saudi. Need to look that up. But I swear I heard Saudi wasn't just the uae. Maybe that was wishful thinking. Okay, here we go. Check this out. David Schwartz. Okay, so go back to April 2nd. They were, they're having all this conversation, right? Genuine question for hardcore XRP holders. This is April 1st. Mason Vers. Lewis. I'm not sure who he is. Okay. He's a Internet entrepreneur, creator, crypto investor. Seven years in crypto. 250, 000 followers. Many of you guys are following him. So he put this out. Genuine question for hardcore XRP holders. Why would global banks choose to use XRP and in turn potentially boost its price through the roof? When Ripple holds 34 billion tokens, if it goes to the Wild prices everyone yaps about. Ripple would be the most valuable financial institution in the world. Do we really think banks want to make that happen? For the Ripple company story, think about global banks being approached for to use xrp. They would do extreme due diligence before using a cryptocurrency asset to solve traditional banking by they will see all the retail holders, all the weird riddles, all the theories Ripple holdings. Do you think they would accept the proposition to use xrp? I think it's a. XRP is a financial asset regardless of what people do outside of the community. That wasn't Ripple doing it. Not the technology but anyhow good point. Real solid point to be made. There is the utility and benefit to them big enough to just ignore certain things. So David responded. Joel Cat says yeah or David Schwartz says yeah this makes sense, business sense for us to do and would make us money but we don't want to do it because it also makes the other company money. I look, I like the way he says things. Is this technology still relevant in the age of stablecoins? Interesting. So David says there are some cases where volatility is a huge problem and so a stable coin is a much better choice than a cryptocurrency. Similarly there are some cases where a regulated asset with a trusted counterparty is a benefit. But cryptocurrencies have three big advantages to me. This, this is such a key keed in question or dialogue because it answers all the questions that people ask about, you know, why crypto, why stablecoin? Does crypto still have value? This guy's smart, right? David knows his stuff as we all know. So foreign. Let's look at these, these three parts here. So one just realize I can just look over on my screen over here and and read it. Let me just zoom in a little bit more and I'll just read it over my screen. There we go. A stable coin can only be stable with respect to one currency. In a stable coin denominated in the fiat you need it to be stable relative to may not exist with the qualities you want. Applications that involve multiple jurisdictions with different native fiats don't benefit as much from the stability. A stable coin can be frozen or clawed back by its issuer. I think that's an important component. I think you need to have that happen if you're issuing you need to have that protective mechanism for a short period of time. Ach. I think it can be clawed back after 30 days and I think a bank wire there's a period of time bank Wires are supposed to be permanent. But I believe a bank wire, there's a period where it can be clawed back. ACH definitely can be. And it's way, way too long of an opening for a claw back on an ACH ripple, for example, can't refuse a court order, US Court order. And the US Courts may decide that, that other things matter more than you do. Even if you've done nothing wrong. For example, if some country asserts that you've supported terrorism and claims secret evidence, is a U.S. court going to protect you? Even if you claim that your only support for terrorism was in the form of speech criticizing that government's human rights record? Do we expect AI agents to defend themselves in courts? Do you want to have to? That's another good point. What, what about AI agents? Who's, who's responsible for the AI agent that's, that's doing things. But some of this stuff though, you know, he's talking about freedom of speech, the U. S. Courts, you know, it. Some of this stuff is semantic. We'd have to really drill down into what he's saying here and get into a much deeper conversation. We're just going to read through this kind of on its face. But three, for most cryptocurrencies, most of the time, the upside. The upside is worth more than the downside. So if you don't really, if you don't need stability, you might prefer cryptocurrency over a stable coin for many applications. If I had to lock up some money in an escrow for a year, I might well prefer XRP or BTC to USD because I know USD isn't going up. Now if you have to lock it in escrow for a year and you don't want it to be changed, then it goes into stablecoin. Much better in stablecoin can the product that you're building if it goes into escrow inherently. Look at what flair is doing, Blair. Building structured to pay out yield. Now, can you have and. And one of the big conversations with the Clarity act is yield on stablecoin. So if you're going into an escrow account, can that escrow account pay, pay yield? If the escrow account pays yield, who is the rightful owner of the yield that it pays out? Is it the one moving the money or the one receiving the money? Or is it the escrow hold? Like where, where exactly does that go? If it's my money, I'm putting it there and wait for you to do something and I have to put an escrow. I'm the owner still of that money because you have your goods. My money's in escrow to prove your goods aren't going to escrow. Your goods are your goods in your warehouse. But you don't gain access to my money in escrow until you move the goods. But that escrow hold is still my money. So I should be the rightful owner of any interest gain. And if I don't want stagnation in my money because now it's going to be tied up for a year, well I should be able to gain yield on my, on my money in the escrow. Now right now that's not, not a reality. But that could be a reality. There's so many things you could do. So Lisa says you're famous for saying XRP cannot be cheap. He's famous for that from 2017. So here XRP Canopy Jeep with the news of G Treasury and ripple settling 16 trillion per year and XRP ETFs. Why is XRP still cheap? I'm not asking for a price prediction. I'm curious why it's still, it's, it's still so cheap. 129 at the time of writing, beginning of April. Now David comes back, says you're thinking about it from the point of view of an XRP holder. When I said XRP cannot be cheap. If you're talking about this post from 2017 shows it below that was talking about it from the point of view of using it for payments. Now his post from November 20, 2017 that he references says it can't be dirt cheap. That doesn't make any sense. If XRP costs a dollar, they need 1 million XRP which would cost $1 million. If XR B costs $1 million, they need 1 XRP which would again cost $1 million. That was now what I have difficulty following on this conversation even from that post, knowing that there's what, a million drops per xrp. So if there's a million drops per xrp, can we not have, can we not have those million drops more valuable? Can the XRP go up? Does the XRP need to be 2, 3, 4 or $5? Do we have to trade in whole XRPs? Is it easier from an accounting? It's easier from a conversation perspective. So if I tell you that I'm going to buy your widget and it's going to cost me 100 XRP, then here you go. Here's 100 XRP the valuation of it, can I have, you know, $1? Can I have a point? Whatever. Whatever whatever of an XRP be valued at a dollar instead of one whole xrp. Like how does it break down all the way because there's so much XRP out there if we're dealing in drops versus just the whole. Is there. He didn't really talk about that. There was a scarcity of asset. He talked about it from the simplicity of you would have to move so much of it in order to get you know, so it's, it's such a. Interesting in depth conversation to have that I think we need to have more conversation specifically about that and also then specifically about how all, all of these problems products are gonna move our money. Like what is it? And that's what Flair is working on. Right. They're the smart contracts. They're also tying in multi asset. So we want to have multi asset. We don't want to be siloed. We want you know, a lot more to it. So that's right. That's a, that's a good point too. There really isn't because Ripple doesn't really, you know isn't focused on xrp. That's a really good point. There's nothing in their network that specifically is creating a buy demand for XRP token. Not especially now that they're going to be utilizing RL USD as the, as the primary asset that would move. In the beginning though it was about, you know using it as the backbone and so they were going through an exchange. There had to be a third party mechanism and in place to move value. So your, your money had to go from currency to xrp, from XRP back to currency to the, to the next bank account. That was the process of transaction. Now if it goes from USD to RL USD and you can hold it or move it or do whatever RLUSD transfers to the, to customer B's bank and there, and there you go. You know, then it's, it's crazy. Yeah, I mean it's, it's amazing. It's really amazing. So the, the transaction, the movement, you know there's just, there's just so much. Yep. Who's the, who's the. The paid pumper for xrp. It really, you know, it's, it's. It's amazing. So you got to look at and what, you know the, all these discussions and conversations. So there's another one. Let me look up. But here's the other one. So I referenced this in the beginning. So let's take a look at this. And then you have to look at what, what David says kind of try to dig down, you have to have a more in depth conversation about where he's coming from, exactly what he's talking about. So now if we go, we'll go back to, to the beginning conversation here. Let's see. There's a lot more agreement that most cryptos are scams than there is on the ones that aren't. There's a ton of scams out there, unfortunately. So BTC to zero. Dear Mr. Schwarz, crypto influencers that built an entire industry on Chris Berneski's crypto version. Price equals PQ over V times S theoretical formula and how it would create a ten thousand dollar xrp. Would you be so kind to offer thoughts on those invested in waiting for a ten thousand dollar xrp. Now that's so David's response. If there were, if there were a few very rich, very rational people who really believed that there was a 1% chance that XRP could hit 10,000 in 10 years, they'd bid XRP up to at least $20 today. Why aren't they conspiracy? I think he's commenting on. It's not going to 10,000, you know, and that, and that's the whole point. Definitely not going to 10,000. Now if there was a handful of people that held a large percentage, can they bid it up? Can they put their bids in? You know, you look at the paywalls or the, the bid wall, you know, the bid walls. So you have the ass and the bids. And so if you, if you add the, the buy points and you say okay, I'm willing to pay X for it and you, you start evaporating all of, all of this cell. And so that's what, that's really what it's at. Can we evaporate the cells at, at a low point and the buys have to match up. And so his point here, really interesting. You know, can it hit 10,000? Probably not, probably not going to happen. Probably not realistic. And I think that's a, a big part of it, that, that, that's not really happening. So they, they kept drilling down, they have long discourse over this whole conversation with the multipliers. And then you have those that think that XRP is replacing the US dollar, that XRP is going to become a reserve currency, etc. Etc. And no, that's, that's not happening. Not happening. Definitely not happening. XRP is where XRP is right now. It's a buck 29, buck 30, buck 40. Why? Because that's what the investors say the value is. It's a speculative asset at this point, until we see more development, we have to really stress that Bitcoin is valued at 77, 78,000 because that's what people say it's valued at. People are willing to buy it for 78,000. That, that's just it, you know, Is there other pressure that's, that's moved in, in that direction? Maybe, maybe not. Is there hype? There's definitely FOMO and FUD built in around it. FOMO and FUD triggers are definitely built into stock investing all the time. You see it once it hits Main street, these guys are pushing it or they're pushing you to sell it, then it's already too late. But they're trying to push the price point and, and there's, there's a lot to it. So I believe there's visual in the data, I believe in XRP. But if this next having in 28 doesn't get the price of extra P at least 10, I might just be out there you go, 28 visual. And debt has put his max wait time to 2028. That's it. So let's meet back here. We'll do a meetup 2028 and we'll, we'll see where things are at. Things are going to be in a mud 2028. Two years from now with AI, our world's going to be a different place. AI is growing at such a, a fast pace right now. It's crazy. You can't keep up, can't keep up with prompting, can't keep up with building development. All this stuff, it's just so fast. It's just so fast. What's happening right now. Jim says nations will need a fast value transmission digital backbone just to pay its global debts paid by inflation. We need something, they definitely need something in place here. All right, let's just wrap up. We're wrap up on the Garlinghouse then we're getting into the Clarity act because Clarity act is coming. People want to know when. There was some commentary about when and it's not tomorrow, but it's coming soon. But 10 potentially coming soon. Potentially. But here's Brad Garland. There's so much hype around, you know, XRP Vegas and obviously everyone's feeding into it. Everybody's excited about it. Everybody wants to move the community, they want that community involvement. But Brad Garlinghouse and he's very going to be Ripple centric, right? But even when our backs were against the wall, we refused a fold. That's Ripple. Always great to be back for XRP Las Vegas and Even better to see XRP in the lights. Vegas, plastered all the signage all over the place was. Was xrp. So that was definitely going to be. That was. That was very cool. Lot of hype over everything that was happening out there. Aussie, buckle up. This cycle is different, definitely. There's a lot more happening institutionally and everything being structured. Right now we're seeing a restructuring of global, dynamic global trade, dynamic global, the oil structures, all of that. So things are going to start heating up like we've never anticipated before across the board. Things are changing. Chad says traditional market cap value won't apply when institutional adoption kicks in. It will be the volume. Volume, exactly. It's got to be. Market cap doesn't even matter at that point because market cap is strictly just based on, you know, the, the supply and, and the, and the cost and that's it. So it's, you know, whatever the. And that. And so can the value go up. The value can definitely go up higher, you know, based on, you know, transaction, utility, global, you know, global involvement in. How is it built into the backbone of the infrastructure? How is it being used in the infrastructure? What does that valuation really mean to everybody? So, man, Chip is. Is out for the day, so. But Chip will be back. Chip will be back. Ed French, it's good to see you back. Good to see you here with us today. All right, Clarity Act. What is happening to the Clarity Act? That's what everybody wants to know. And there's definitely some. Let me pull up the next three. These are all clarity Act 1, 2 and 3. Some clarity. So we've got. Let's see. So we've got Brian Armstrong. Mark it up. Why? Because fire Shirzad, he is the chief policy officer over at Coinbase, was making some commentary. This was yesterday. The final rewards text and the Clarity act is now public. We've been clear throughout this process much of this debate was based on imagined risk, not real evidence. Nor was it based on real understanding of how crypto actually works. Very, very true. So that's the starting point now where it gets a little bit more interesting, I guess. So, Eleanor Terrett, this is where we dig in. Here's the text. So Punchbowl News had released it. Now here's the senior reporter and co author from Punchbowl News. This is. We have two senators commenting. So this is. This is interesting. We have Thom Tillis, Republican, North Carolina, Angela. Also Brooks from Maryland finalized a compromise to restrict stablecoin yield and rewards. A major development as the Senate looks towards a crypto markup in May. So sometime this, this coming month we're going to have some more markup on it. Now, Punchbowl News obtained the text of the agreement which was hammered out over months of negotiation between banks and crypto advocates. The new language introduces requirements for crypto companies to offer rewards tied to stablecoins. That includes a broad prohibition on rewards offered in a manner that is economically or functionally equivalent to the payment of interest rate or yield on an interest bearing bank deposit. Interesting. So we gotta really understand what these guys are doing. There's. Yes. Who just said that, Jeff? Yes, I agree. I definitely agree with that. Also, the Clarity act held up. Why? Because many of the politicians still tied into big banking and big banking doesn't really want to see these changes come into place. They're trying to figure out how do they get rewarded? How do the big banks not just coinbase and not uphold and not Gemini and all of these exchanges, how do the banks benefit from the transaction of stablecoin? This is their money flow and it's, it's sickening if you really think about how they manipulate the numbers on things. Right? Try to go get a car loan today. I just got another car two days ago for my son and it took me the better part of three weeks to narrow this down. Negotiation, connections, good discounts, everything that we have in place. And the, the money rate factor on vehicles is crazy, right? And I, I negotiated some really impressive deals on some cars and then insurance gets in the way. So all of a sudden insurance, we, I put together an amazing deal on a, on a, on a car and then came to get the insurance for it. It was like 3 times 3x it was going to be astronomical to get this insurance for my son for, for his car. Then we went back to our initial premise. We ended up with a, a Buick and Vista. Went to a Genesis G70, put together a great deal on a Genesis G70. And I thought I was like this, this is a great car. And getting it for the price that I got it. And everything was. And then I'm, I realized, okay, here's why they're willing to negotiate. But even looking at the car and looking at the lease based on I got a car maybe like a month ago and the rate factors from then to now, I'm like, what, what are you guys doing? Like, how are you guys manipulate, manipulating and playing with the money? The cost of money for, for a lease is just like out of control. And this is because the banks, you know, they're the, they control the, the EB and flow. The dealers can build points into it. So their dealers have their points built into it. The banks have their margins obviously built into it. Everybody's making money off of it. Negotiate the best deal you want. Cars are out of control. The cost of, of cars right now, just completely, completely out of control. No, not yet. So I think there's an entry point obviously hopefully they're going to block that from happening. Chinese cars should not be in the U S market. The Chinese cars are, they're all show no structure and so we're seeing, and it's interesting, you go around the world and you see where they took a foothold and they're, they ramped it up. Why? Because they give you all the fancy stuff, seemingly fancy for cheap prices. Now I'm sure there's, there's a handful that are producing amazing cars that have great technology, great structure and all of that. But you know, I was breaking it down. You look at like a, you know, the Korean built cars, the Genesis, the Hyundai, Kia and where they've been like past where they are today, astronomically different. I can remember looking at, at Kia back I was at the car show, the auto show in Detroit. This was probably, that was probably like 2000, 2001, 2002. It just sticks out of my mind because it was the first year that Kia was introduced at the car show and I remember getting in the vehicles and I'm looking at the cars and the plastics and I can remember Hyundai from, from you know, a couple years before that. I remember friend of mine had one, I'm like handle's falling off, everything's falling off. And then I get in this key, I'm like oh my God, this is going to be a competitive product. That was years ago. And here we are, you know, Genesis, Kia everywhere, Hyundai everywhere, Genesis everywhere. The Korean cars definitely have a massive footprint putting Honda and Toyota on notice to, to a high degree. Chinese cars. I don't think the US market is ready for them. I really don't. No, not yet. The sad thing of big banks play their cards properly, they'll benefit from crypto and stable coins as they'll get the same access and likely team up with large crypto corps. I agree. You know, insurance across. Yeah that's, it's such a fallacy. You don't use it, you don't get benefit back. But you know all these points are, are really, really important to, to point out. Now the question is do the big exchanges go after the banks, the banks go after the big exchanges or do they have some sort of partnership? I think we're going to see buyouts happening in the near future. As soon as there's regulatory clarity, that's when it happens. So Clarity act passes, crypto assets and there's more clarity around the space. That's when banks become players to either buy or be bought. And that's it. I think banks are probably primed in position to be bought. Some of them could buy, but I think there's going to be some really shocking things happening over once regulatory clarity sinks in. So Dazzle saying, yeah, you can get a jao for £28,000 top spec, which is like a Range Rover. So the quality infrastructure, infrastructure quality and dur and durability probably not the same. It probably looks like feels like that initial. But you'll definitely, you know, I'm sure you'll start having problems with that type of vehicle for a short period of time. Then you'll see like the buttons, the controls, they're definitely not going to be the same. There's, there's no possible way that they would. And I'm just referring that back to other products that I've worked with more institutional, large grade equipment from China and it's impressive, some of the stuff, super, super impressive. Some of it looks impressive and is not at all, it doesn't even touch impressive. But there's some amazing stuff coming out of some of the factories over there. You just got to be careful what you get. I always suspect imports, especially now with all possible electronic. That's another part. What, what are they building in tracking, WI fi? What kind of data are they, are they actually taking from all those vehicles just like from medical equipment that's distributed through hospitals globally? Not a lot of Chinese product in hospitals, but there are a handful of companies that make amazing medical product and they're in the U.S. there's a, a big company out of China. They've been in the US market since 2005, maybe a little bit before that. They're leaders in the space on a global scale. They make one of the best products in the industry and amazing image quality, durability, longevity, functionality, workflow. Now there, that's one, there's probably at least a dozen others that are garbage to the One. And I've seen some of the others that are competing against the 1. The 1 competes against the biggest in the industries, against the GES and the Phillips and Siemens and all of that and they're competing aggressively in the medical space against them. And then there's a lot of other product that comes out of China and you look at it, you're like, oh my God, this is, this is horrendous. They're just dumping in the marketplace. So you just got to be very cognizant, kind of across the board. So. All right, here, final note on. I think this is the right article. Let me see here. No, we just said that. Oh, here we go. Yeah. So now this is going to come from politicians. So we've got two politicians making commentary on, on the Clarity Act. Oops, there it is. So we've got two, two politicians here. So you've got. Here you go. Senator Tillis who was in the markup know commentary said latest. Senator Tillis says Clarity act is ready for markup. Telling the Senate Banking Committee chair to move forward after weeks of delay. There you go. Look at that. Then we've got Tim Scott. Tim Scott says the Clarity act will land on Trump's desk this summer. So that means maybe June, maybe July. There you go. So is this the direction? Are we waiting? June, July, now we have to wait and see. June, July, that's the time frame we're looking at for the Clarity act to be officially signed off on. They've done, they're gonna do final markups in May. Things are moving forward. Things are looking up. Some of the big players in the space right now, senators on committee are excited about it and telling us that it's getting ready to move forward. So there you have it. There we have it. Good stuff. All right. What else do we have? Yeah, there you go. Chinese still buying lands narrow base. Got to block that. That can't be. Chinese cars banned from military base. That's good. Couple countries around the world were buying Chinese vehicles for the military and they all discontinued. Hopefully. I don't know all but many of them that were adding Chinese vehicles to the military, they've now banned it and said they cannot because they found tracking devices and also quality of product, durability finding, getting parts, getting it fixed, all of that stuff. There are multiple factors involved into why resale value on the Chinese product also extremely, extremely low. Not, not very good. But hey, you know, you want fancy appearance, you want the lipstick, but you don't want the quality, that's okay too, you know, just expect that short term durability and maybe it won't be safe. That's, that's also a possibility. Let's segue here briefly into some geopolitic. Let me close all of these and then reopen because it got to be a mess. I wanna, I Promise I was going to play that video that Jim D. Was kind of referencing a specific doctrine. And I found this video earlier. This guy succinctly put it out there. I mean, amazing. And I was, I was watching it earlier. I'm like, oh my God, this guy's got it pretty much, pretty much spot on his analysis of it. But let me, I want to pull up. Yeah, well, that's it exactly. Chinese EVS, definitely spine. What about TVs and, and all the other things like that? You know, I'm always very concerned about, you know, what, what are they doing? What data are they collecting? How are they, what are they using the data for? What are they doing? They've infiltrated our hospital medical system with their product. What kind of data are they taking back? How are they going to use it, all that stuff right now, like I said, there's one manufacturer out of China that makes a, a makes some medical devices. Best in the industry, hands down 100% system checked, double checked, verified side by side comparisons and by far the best, like durability, everything. I mean, just to an impressive level where. That's it, you have, if you're going to get that, you got to get this one because it's the best. And, and that to me is, is impressive. And you tell people, well, it's made in China. Well, there's the only one, right? Forget about all the others. They, they have completely even lost traction. But it amazes me that some of the, the big products, the big box companies like the ges and the Phillips and the Siemens, they've lost, they've lost their path on some of the product. It's all big money raises for them and they, they forgot about quality and things and of that nature, the important things. But hey, anyhow, as a segue into geopolitics, Chip wrote this statement. He was, who was he responding to? You know, it's crazy too. Cameron Rinkelvoss. Another win for the Biden administration. So Elizabeth Warren says, I've warned for months that a JetBlue Spirit Airlines merger would have led to fewer flights and higher fares. Good for her. That was March 5th. Guess what happened, right? So this is going to be, this is going to be really good. Oh, there you go. Visual indenta. You know, Chip and I ran our own shows, so I used to do live stream before and then now as we pull it all together, it just, there are flow, you know, works real nicely. You know, sometimes Chip does most of the reading. He's got everything pulled up on his system Downloads everything. So tip. Typical format. We have all of our articles through the week or through the days, whatever. We pack all of our articles into a file and then so we have everything sorted and segmented. Chip then downloads and preps everything on his side while he's doing all that. I prepare the show and get everything loaded, get everything listed, get the thumbnails done, run the intros, run the descriptions, do all that stuff, get all that put together. Then when we come together for the show then Chip's got everything downloaded so it's on his system and then he's pulling stuff up, reading through it and you know, works nicely. So but appreciate, appreciate all you guys. We both, when we were both running our shows then came together and we're like oh it's so. It's so much easier when we and write the songs. It's so much easier when we do it together because when you're constantly trying to, you know, pull stuff up and look and talk and read comments, we like to sit back and and read everybody's comments and you try to read comments and kind of multitask. But you know what, this really helped tremendously. Now when I do when like I sat on a panel yesterday and so it's, it's not even a big deal anymore. You can just think off the cuff without preparation in many cases Anyhow. So Chipotle put this out there. Has there ever been a more Anti business, anti freedom, anti innovation, anti common sense, anti success, anti wealth, anti work, anti merit, anti energy, anti border, anti parent, anti family, anti fun, anti actually read the Constitution, anti personal responsibility, anti pull yourself up anti actual making it Democrat party in American history. It's like the entire Democrat party wakes up every morning, chugs a gallon of regulatory soy latte spiked with virtual signaling tears and collectively asks how can we over entrepreneurs, hard workers, families and everyone trying to escape our crumbling government dependent clown world. Today they don't just hate success. They see that every at the very idea that regular Americans might build real wealth, live independently or thrive without their endless permission slips, taxes, regulations and guilt trips. Pure unfiltered Democrat energy can keeping you poor, controlled, divide and forever dependent on their failing power hungry system. Savage, you know, perfect, perfect commentary to what happened. And then guess what, Guess what happens. So think about. Let me just so think about. Exactly Top stories of the day right? So Spirit Airlines shuts down over complete collapse shutting the airline down. Done, complete, finished, through. Thank you Elizabeth Warren. Momi cost New York City jobs when he went after the the was. Well I Forget the guy's name offhand. Not. Was it not Citadel. He had his. He has his penthouse. One of you guys will know, has his penthouse. And he goes, does his, his whole video in front of the penthouse and then, you know, accuses him of not living there because he lives in Palm Beach. And, and then he says, oh, he has his house, he doesn't pay his taxes. But yet he was about to create jobs, like a massive number of jobs for New York City because he was putting his workforce there in New York City. Mom, dummy. Cost lots thousands and thousands of jobs for New York City. AOC went after Amazon. Cost thousands and thousands and thousands of jobs and ongoing benefit for Brooklyn gone. Elizabeth Warren destroys Spirit Airlines. Thousands of jobs gone. Annihilated. Now, if you're a Democrat and you're voting for this crazy craziness, then you get what you deserve. But we're all suffering the consequences because Democrats don't care about jobs. They don't care about business. They care about handouts. They care about socialism, they care about communism. And at the end of the day, they like being in control. They like the power. They're power hungry, they're greedy and they want to dictate to the peons. They're going to raise taxes, they're going to raise regulations. They're going to continuously put you into these guild trips. And it's horrendous, just horrendous. But this is the, is the latest. Spirit Airlines is now decimated as an airline. They could have allowed it to be bought out. They could have allowed a merger with JetBlue. It would have created an amazing airline carrier. That could have been another one. It was a lower cost, lower tier. It allowed people that, you know, didn't want to Pay, you know, 3, 4, $500 to get on a Delta flight. They could have an option. Now they have zero options. It's off the table. Why? Because Democrats destroy businesses. Why? Because Democrats, for the most part, have never been actively involved in business. So you take like an Elizabeth Warren or an AOC or a mom dami who are dictating policy to entrepreneurs. None of them have ever held down a business. Elizabeth Warren lied to get into Harvard. Lied, lied on her college application, got a job at Harvard based on the lies, had a $400,000 job payment at a university, did nothing, had no experiences, was whatever she did over there. And now she's. And now she's a senator. And so what experience did she have running business? Zero. She's an obstructionist. She's a Destroyer AOC was a bartender. Won some sort of a, an award, whatever. She won a. She won the spot with the op to get the opportunity to run for Congress again. Just, just Nothing destroys jobs. Mum Dami 34:0 Experience why does New York City invent elect someone with zero experience in running a company, running a business, doing anything yet that, that's who they put in place. And these people are socialist communists and they, they hate, they hate you. They truly, truly hate you. Ilan Omar she hates America. She hates you. And, and will cost us jobs. And, and at the end of the day, their objective is strictly to move more and more in the direction of socialism. And that's it. I mean it's just, it's crazy to me. They, they should be the. Yeah. Ed French Dem should be rebranded as the obstructionist party. The left 100 tearing down the. The US it's never about. So we look at globally, why. Why is there this white, white man's guilt? Why is there white guilt right from these ex colonial powers like in England or France or Germany. You know, they operate under this white guilt and they're allowing, and they're allowing their con, their countries to be invaded en masse by illegal immigration. It's going to displace and upset the country because most of people coming in are living based on the dole system. They're not even coming to work. But same thing in this country. Instead of saying, hey, let's look at countries in Africa and figure out as a tote, as a, as the total, the, the total sum of those countries and can we look at what all these progressed, quote, unquote, let's call them economically and technologically, technologically progressed countries? What can they do to help? Can they help settle tribal rivalries in Africa? Do they need to redraw some of the borders so that we end tribal rivalry? Can we figure out how to help and guide them towards advancing the country to the next level so we end that kind of uh, impact. Can, is that possible? Can we do that? Not give. Not United nations, which is a business of its own, that's manipulating systems. The UN is a negative net drain on the world. From a morality and economic perspective, the UN is definitely a net negative. Get rid of the. The UN altogether needs to come to a complete end. But can we then focus on how do we help these countries do it for themselves? We don't. You don't displace them. You don't bring them into your country en masse and destroy your own country. Because to your point, Right. Are they obstructionists? You know, are they tearing down the U.S. no, they're lowering the standards of the U.S. to the rest of the world. They're lowering the standards of Europe to the rest of the world. They just say, hey, you can come here too. You know who also played by that playbook? Hugo Chavez. Hugo Chavez told all the poor in Venezuela that you too can live in the wealthy areas. You know what he did? He went, he nationalized golf courses, nationalized parks, took all that land and build housing for the poor in the wealthy neighborhoods. And he said, you too can live there. You know what happened to the neighborhoods? They became poor, they became less desirable, they became unsafe. All the things, the reasons why, you know, we had civilized society and then you have the poor communities. Why is it that they created a ghetto environment in the United States and then they cage everybody in that socioeconomic class in those. Because they want to keep them oppressed and they want to keep them suppressed, and then they feed them suppression and oppression and they keep them always in that tense moment. And we've seen. And you see the same narrative playing out around the world, but then when they need it, then they tap into it. And that's all point. It's all about the power. It's all about the manipulation of it. It's not about how can we help? Can we go into the poor communities, how do we help them progress, how do we help clean up the areas and let them do for themselves, but how do we instruct and help? There was a friend of mine here and his wife had done some amazing things down in Haiti as an example that happened to be where. Where he was originally from. And they went down within the medical system and they said, we want to go and help. And so they said, instead of going down to Haiti and giving everything and showing up with all the clinicians and saying, look, we're going to come and do everything for you and then we're going to leave. They actually had an initiative to go there and educate them and say, we're going to educate you on infrastructure, going to help provide some resource so you guys can create the infrastructure. We're going to give you guidance on building infrastructure, and we're going to give you guidance on educating your own personnel to take care of your own people and keep advancing. And that was an amazing initiative. I said, that's so different because everybody else is just like, oh, raise money in the US and then we're just going to give. You can't just raise money and give. It doesn't work that way. You know, it just, it just doesn't, it doesn't, it doesn't make any sense. You gotta, you gotta be there to help, support, guide and things like that. But the world doesn't care about that. You know, they're, they're going the exact opposite. So for Chip in Instagram format, this video is going to be played in vertical mode. Let's see if I can actually. How do I reset it though? This guy's got a lot of little chopped up videos. Shoot. Why'd it have to be an Instagram? Why do people put stuff on Instagram then? Instagram's not easy to use. Okay, this guy, it's a bunch of stuff. I don't, I don't know this guy from anyone. The one. Okay, there's this one article. Okay, so let me just pull this over and then we're going to watch the, this one just goes back to that narrative that Jim D. Was, was talking about. What a great app idea, Jim. Wonderful. Well, yeah, that's, that's very cool. I like that idea. Okay, let me see, let me zoom in on this as much as possible. So he's saying, you know, he's talking about, you know, Trump kind of foreign policy in the world. That's basically all this guy has said up to this point. So let's kind of watch what he says. The narrative of what's happening kind of on, on a global scale right now. So let's, let's just watch this real quick.
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C
The Israelis have begun military cooperation with Saudi Arabia and the United Arab Emirates, as has Ukraine, led by a Jewish president. They've been helping Saudi Arabia and the United Arab Emirates target Iranian drones. The Israelis have begun a military cooperation pact with Saudi Arabia and the United Arab Emirates. The United Arab Emirates is now leaving OPEC and OPEC to set its own prices and to build a stronger military alliance with the United States. Iran's oil reserves are almost so full that they will stop production. The Iranians, in fact, have said that within the next week to three weeks, they will have to cease all oil production because they can't offload enough oil. The Saudis and the Emiratis have now built pipelines lines to minimize the significance of the Strait of Hormuz so that they can get their oil. The Saudis to the Red Sea, the United Arab Emirates to the Gulf of Oman. Hamas and Hezbollah are crippled. The Houthi are crippled and unfunded. All of this because of Donald Trump. The realignment of the Middle east towards Israel and the United States continues in earnest. The Chinese economy is crippled by their lack of oil from Iran. The United remembrance is about to grow its economy by getting out of OPEC and allying even more tightly to the United States. Saudi Arabia refuses formal diplomatic recognition with Israel, is now in a military alliance with Israel against Iran. Israeli military advisors are reportedly by multiple media outlets in Riyadh. Working with the Saudis, the Jordanians have reestablished their military relationship with Israel, all because of Donald Trump. Democrats were dismissive of the Abraham Accords and deeply hostile to the President taking on Iran. And yet him taking on Iran has not only crippled OPEC all of a sudden, it's also reestablished and re cemented peaceful ties that between Israel and many of its Arab neighbors. It's also strengthened the United States hand in the Middle east as these Arab nations become more dependent now on the United States. It's also hurt China's economic ties around the world as China now wants the International Monetary Fund to bail out its roads and bridges project because third world countries, given the jack up in the oil prices, can't pay back their loans. And the Chinese economy is so crippled because of oil prices being so high, it can't continue to fund the roads and bridges project. And the United States holds a veto in the International Monetary Fund and says it will veto the bailout of China's economic package. Also, let's not forget Venezuela is now pumping oil that American companies are refining. Cuba is on the verge of collapse. China has been run out of Chile and Peru. We're having a global realignment towards the United States because of Donald Trump and the American press corps and the Democratic Party refused to acknowledge it and give him credit.
- [114:05]
A
That's right. I don't know what you guys think about that, but a lot of what he said is, you know, pretty much spot on, you know, in terms there's more depth to what he's saying. You know, some of the things being orchestrated in some of the the future, but very, very spot on. Yeah. And you know, he didn't mention the British and basically losing their control of the Straits of Hormuz, uh, which was really important. That was like their last bastion of, of power hold. Their political infrastructure in England is, is collapsing. And so there's just so much going on over there. So it's really, really impressive. Ay says our economy is headed in a dark place. Of course they're blaming Trump. Yeah. So you know, there's a little bit of setback. There's another video said, you know, regardless how you think you know, the direction that, where this is really going, it's really, really important because it comes back U. S Centric. We're re establishing the US As a hegemonic, as a sole hegemonic power in the world. The Democrats wanted us to lead from behind, wanted us to be one of many. The question is who did they want to be? The other hegemonic power was it China? Does, is China in the position of being an adversarial hegemonic power like the Soviet Union was? Obviously we shared kind of, there was a split, there were two of us. Now they're trying to raise up China but they're really trying to displace U.S. power, U.S. control and the U.S. economy because they want to make the U.S. economy worse. They want people in the U.S. to be worse off. They want us to be more subservient, more reliant on them as a political elitist class. They're taking, you know, you go to, to Europe and you're seeing the deconstruction of Europe a direct result. But the positive is that Trump is outplaying, outmaneuvering and outthinking everybody in the region. Everything that he's done and orchestrated has outsmarted everybody across the board. And that's, and that's what's really impressive now, working with and using the US Ally Israel and, and bringing Israel back into play regionally, which is what he did with the Abraham Accords originally, which was, let's create an environment where Israel and Saudi Arabia and the UAE and Jordan, all these countries can start working closely together to build out infrastructure and put the Middle east on a path of long term economic progress, prosper, gain and stability. Now in order to do that you had to orchestrate the removal of Iran, Iran initiatives which has spent the last decades, the last 44 decades, 40 plus years, destabilizing the region for no other purpose than destabilizing the region. Whether it was their war with Iraq that went on for a long time, the use of chemical weaponry on both sides during that, during that battle. And then we also saw then the funding of terrorist entities all around the world by Iran. And that is the critical aspect of it. Now there's one more video and I think it's really important to play because actually, actually there's, there's a, there's a couple of them and this is really, you know, coming, you know, what's happening at the UAE right now and really structuring the UAE to be a major, major player in, in Everything that's happening right now and also allowing business to be more streamlined. So here we go. So the UAE had faced quite a bit of attack from Iran. Actually. There were more attacks on the UAE than, than elsewhere. So let's, let's just tune into this real quick. Let's not tune into this real quick. Here we go.
- [118:13]
B
We're attacked a little over 2,800 with 2,800 missiles and drones. And for us it's very clear that they've chosen to go down this path because we are everything that they're not. We are a model of economic prosperity. We have 200 nationalities that live there. We have religions and cultures from all around the world. We used our oil wealth to build an economic powerhouse. They used their wealth for nuclear programs that are nefarious, for missiles, drones, proxies, etc. So whereas we tried to become and have become an international, global, responsible player. They are pariah state and they wanted to be break that model, but they underestimated our resolve.
- [118:59]
A
There you go. So that's, that's a, a real succinct point coming out of the uae and I think, you know, it's, it's so, so critical to really look at all. So here's, here's one more. You know, so as we start really getting into. And it's interesting, these pop up on, on Instagram, but it's so tough. I mean back years, years past, digging in and trying to find content like this was findable on the Internet. Talking about through the 90s, you, you either had to decipher programming in Arabic and get it translated. Sometimes it was already translate pre, you know, it was translated. There were so many different ways to go about digging in and getting this content. And the content is very, you know, it's been going on for many years. The propaganda machine within, within the ar, the Arab countries was very, very high. And, and it starts like from, you know, elementary school and, and up. But these, these countries have woken up, you know, and so to a point, you know, and then we have to also understand like the, the dynamics. So, and Jim D. Jim D. Know, you know, he consulted over in that region as well. It's, it's amazing. So let me, let me pull up this video, make sure the audio is on this time. So here we go. Let's, let's, let's play this one real quick.
- [120:29]
D
Happened. The UAE just dismantled a terrorist network operating inside the country, arresting its members and exposing how they were working. This isn't just a random case. This was very Organized. They were holding secret meetings, coordinating with external parties and collecting money and sending it abroad. Most importantly, they were linked to the Iranian regime and very loyal to. It's the same pattern you see with the proxies like Hezbollah, Hamas and Houthis. They all have different names, but they all structured the same way. Here's the part where people don't really understand that much. They weren't just kind of planning attacks. They were trying to create discourse inside the uae, try to spread, spread misinformation and slowly turn people against the country. That's the real objective. Let me tell you something about, from my world in hr, recruitment because these guys were doing a lot of recruitment. This isn't some guy walking up to you randomly. It's not a come join us at a mosque or anything like that. No, no, no. These people are very strategic. They meet you in coffee shops, the gym, any social setting. They study you and they pick people they know they can influence. It's very targeted and it's very, very calculated. It's literally headhunting, but for the wrong reasons. And while doing that, they are raising funds, moving money outside, supporting extremist agendas. So this isn't just about ideology, it's operations. This is why the UAE security agencies don't play around. They caught it early and they shut it down.
- [122:01]
A
That's it. You know, so there, there's so much of this going on that we don't continuously see. You're definitely not going to get it, you know, in the, in the general mainstream media, you know, that definitely doesn't work. I have two more, two more articles. I know we're at the two hour mark. I can't believe went to, I just, I had so much content. I honestly, I didn't think it would, it would, it would go this long. But this is all really important stuff that, that I wanted to go through today. We spoke a lot about Flare and xrp, but, but hang in there just a little bit longer. We're going to go through a few more things and just to focus on ua, I'm just, you know, just impressed. You know, where the UAE has been, has been moving. But here's the next one. You know, you land in the UAE before your luggage even arrives. Your bank account is already open and ready. No residency required, no paperwork, no hands. Just instant access to one of the world's strongest financial systems. While other build barriers, the UAE removes them. This is how you attract the world. And there's just a infographic or a video on that, but that to me, that tells you a lot about the direction. Now this also tells you why they want stability in the region. Tells you why they want to be able to work directly with Israel in the open. Tells you why Saudi Arabia is going to also be instrumental in that growth. Tells you why this group, right, we have to move away from extremism. It has impact the entire region. It needs to simmer down. And now you see the funding, the financiers of the extremism directly tied to, back to the irgc, to Iran, funded Hezbollah which destabilized Lebanon for many years, destabilized Syria, destabilized Yemen, destabilized. They supported Hamas, destabilize those territories. The IRGC and Iran has been behind a lot of that orchestration, the majority of it financially and many other parts of the world. Because you'd be amazed to see what has been done in Mexico. You'd be amazed to see how much money has been poured into the extremist elements that are here in our backyard in the US and in other parts of the world. Not just from, hey, they're training people, which they are, and you have to be very cognizant that they are training people in our backyards, but also to the fact that, that the, the money flow of what they're supporting in the education system, just like you said, they meet you in the cafes and all that. It seems very innocuous, but they're the, and the care which is now being labeled a terrorist organization in the US and being removed from many states and there's a lot more activity. They were a division and branch of Hamas in the US and so they're financially supported by Hamas. There's direct ties back to Hamas and there you can dry draw ties from Hamas, back to Muslim Brotherhood, funding from Iran. There's all sorts of ties. You can look at a full map. It's very interesting. But when we look at what they do, they, they approach at like the school boards, they go to city council meetings, they get involved in community activities. They make it look very much, hey, I'm just meeting you, we're hanging out. Meanwhile, they're observing processes. They're getting more ingrained into society, into the society like that. So they become a norm and then they have an impact. Now they have a voice and now they're vocal. All their funds coming from that source. And they're also bringing all their propaganda and misinformation into all of the things that they're doing. And we can see their negative impact in regions like the uae, which is, you know, they're trying to destabilize UAE because the direction they went, they wanted to destabilize the relationship that uae, Saudi and some others had developed with Israel specifically. Now it's interesting because forget about public facing. For years, years and years the region has worked with Israel and has bought product and goods from Israel, relabeled as produced someplace else. Knowingly, actively, they want the product, they want the goods, which was whether it was agricultural or whether it was techno, techno technology. There has been trade pads open between the various countries and Israel through, you know, third party mechanism, knowingly and actively openly doing it. And so they've wanted this, they need this. It's good for the Middle east to see this peaceful resolve and the removal of Iran. That's just one part of it. And like Jim D. Is saying, there's so much more. Why? Why Iran? Why? You know, there's, there's so much more that's actually going on. But they needed, you know, their financing of so much of the infrastructure is, is now over. And, and that's it. Not yet. Well, it will be over. One thing, this is going to cap the show today. This was from Ron DeSantis. Governor. Governor DeSantis. That's right. Governor Ron DeSantis here in Florida, the great state of Florida. There you go. You are welcome. Florida enacts the strongest anti Sharia measure in the country. Sharia not allowed in the state of Florida. And that's it, that's how you cap it off. Sharia law is not compatible with Western ideology. Don't care what anyone wants to tell you, it is not compatible. Ron DeSantis knows it. Every governor in the US knows it. President Trump knows it. All around the world they know is not compatible. And so there you go, Ron DeSantis. Thank you, Governor DeSantis, for being on the forefront and making sure. And you see what's happening in Chicago, look it up. It was very interesting to see, to see the community fighting back against the Islamist propaganda machine in the streets. Fighting, fighting back, literally fighting back. Some of the, the residents there, black, white, fighting back against the Islamist protests in the streets, taking their flags and, and going after them. So it was really interesting to see that. So that's it, man, Aussie feel, feel bad for you guys over there in Australia. You guys gotta check, you got, you gotta get, figure it out. But you're being in way too many. It doesn't, it doesn't make any sense. Different between natural immigration and this artificial movement of, of illegals and displacing populations, bringing people in that. It's not a brain drain. You're going to experience the brain drain in the opposite direction. People fleeing England as an example because they don't want to be in the big city, but they want to be in a big city. Where do they come? They come to us. That's your brain drain in, in England, Australia, same thing. You're gonna have a brain drain out but you're bringing lower, lower quality, lower IQ workers in. You're not bringing thousand 3,000 doctors and engineers in. You're not even bringing 3,000 day laborers in. You're just bringing 3,000 people that are going to be on your welfare system to displace society to make them more reliant and become a voting block that displaces the population centers. Don't care color, ethnicity, doesn't matter. It's passion of. You're bringing 3, 000 people in that don't give a crap about Australia. They could care less about your direction. They want to destroy, dismantle, take. They want to be on your welfare system. They want to take the governments know that. They want to feed them, they want to house them, they want to clothe them. They want them to become a subservient voting block just like the Democrats like the, the lower section eight homes and the, and the, the quote unquote ghetto environment, the lower income environment. The Democrats put that in place specifically as a captured voting block. When they need them, they use them. Other than that, they could care less about them. They put them in that position. Governments around the world doing the exact same thing. It's. It's a scary thought, but as you analyze it, it's kind of a reality. So appreciate you guys for being here and hanging through the thick and thin for 2 hours and 10 minutes. This was real good stuff. I appreciated every one of you guys. You guys have the greatest commentary and I wish it was an easy way to say hey Jim, I want to bring you in to the conversation. Let me just add you to the conversation over here. That would be an amazing addition to Streamyard. If Streamyard's actively listening through AI to say, hey, you know what? That would be a cool addition. Let's put something in there so you can bring people in. Whether it's just, you know, other than having to send a link and stuff like that. You can bring somebody in just from a vocal side or vocal and video. It'd be cool anyhow. Appreciate you guys. We'll be back here tomorrow night, Sunday evening, 8:00pm Eastern Standard Time. Like always. Go check out on the chain.IO on the chain IO. And we will check you guys out on the next one. Just tomorrow night, 8:00pm Eastern Standard Time. Oh. See you then. That's it. That's all we got. I am out of here. I can find it. Here it is. Are you down with otc? Please, like, subscribe and click the bell to be notified when the next video drops.