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Jeff
Already. Welcome to on the chain where crypto politics and power collide. Tonight we're asking a serious question. Get ready for this one. Did Ripple just flip the switch on xrp? Because this pieces are starting to stack. You've got the euro con coin vertible or the EURCV just went live on the XRP ledger. Now this is an institutional grade euro pegged stablecoin not don't really know who's going to want that one. Ripple custody is powering institutional rails. RL USD just broke into the top 50 by market cap. That's right, that's RLUSD. Coinbase is now offering loans against you. Guess it, XRP. And 100 million XRP is generating yield through. Wait for it flare. Now that's not random.
Chip
It's not just about price, about infrastructure. This is compliance. This is institutional grade access layer on top of open liquidity. The permission decks decentralized exchange. It's not replacing the XRP decentralized exchange. It's adding optimal or I should say optional gating for institutions that need regulatory controls. That's a very different narrative than what critics are pushing.
Jeff
That's right, we know all those critics out there and the speculative hype, all the speculative hype. Meanwhile the geopolitical temperature, man, it's getting hot. Tell you what, there's massive Trump momentum in Florida. Marco Rubio, chip. I'll tell you what, I'm super, super enthused about Marco Rubio and he is dominating the headlines, man. He got a standing ovation over there and we'll talk about that. New York City budget chaos. I think they're in complete meltdown mode. We'll dig into that. California continuing to bleed companies. There's going to be nothing left. Nobody wants that. And they got sun. You know what? We got better sun. So they're coming here, they're coming to Texas. Well, text wealth tax rhetoric heating up again. Man, you should see what they did over in the Netherlands with the 36% on unrealized gains. Stupidity. When financial rails expand while political narratives or when financial. When financial rails expand while political narratives harden. Tell you what, that's not coincidence.
Chip
So tonight we're going to break it all down. What is structural, what's hype? What's you know, whether or not XRP just moved into a different phase entirely. And interestingly enough, when Brad Garlinghouse was asked about flipping the switch, he said he'd love to. He just said there's a lot of switches to flip first.
Jeff
I like that. Chip, you ready to roll I'm ready.
Chip
Let's go. Welcome to on the Chain. Welcome, everybody. Looks like they're having a problem streaming to X. I'm seeing this little note inside here, Jeff. I don't know.
Jeff
Look at that.
Chip
I don't know if anyone's on.
Jeff
They've been having some issues over the past day.
Chip
You can manually post it. Great.
Jeff
Yeah, we can.
Chip
You can do a lot of stuff. We're not doing it. Not touching it.
Jeff
And that was posted two days. That. That started two days ago. So, yes, they've been having some issues.
Chip
So is it not streaming now? I wonder if I should check and see. Let's go out to our account.
Jeff
May not be streaming right now. So let's go check. Let's go check it out.
Chip
Yeah, it is not streaming. I do not see it streaming. Nope. So I guess we are only opens.
Jeff
Over on X. Yeah, it is. Yes, we are streaming. I'm streaming.
Chip
Yeah, I'm looking on the chain. I don't see it streaming at all.
Jeff
No, because we're not on the chain.
Chip
Oh, it's right.
Jeff
Yours and online.
Chip
That's right. We don't do that anymore. Yeah, I just opened mine.
Jeff
We are streaming, however.
Chip
Look at mine. I don't see it on mine. It's weird. Okay. It is.
Jeff
There you go. All right.
Chip
Yeah.
Jeff
Thank you, X.
Chip
Kind of.
Jeff
Thank you, X.
Chip
Sort of.
Jeff
All right, so we have a lot of things to dig into. I like that. Maybe we can uncover every switch that Brad Garlinghouse has to switch.
Chip
Howdy, gents. Good evening, otc.
Jeff
Let's give a quick shout out where you are tuning in from as you come into the room. Everyone's a little bit shocked because we started punctually.
Chip
Hey, now. Well, will it pass soon? I don't know about soon, but I think it will pass in the next month or two. There's a couple things are still hung up on. A lot of it has to do, unfortunately. It has a lot to do with this, with the banking inflows and outflows. That's always going to be an issue. But I think it will pass.
Jeff
I mean, when enough clarity chip I think will pass.
Chip
Poly Market just increased it from 60 to 90%. It just went. So either they know something or I, you know, that somebody's feeling something. But I definitely think it will pass. Trying to iron out some of the issues which is always going to happen. So it's not going to happen anytime. But again, you know, even if it does pass, it's not going to be a perfect bill by any Measure, it's. It'll be good enough. It'll at least be some kind of clarity. Will it be the clarity everybody wants? Probably not.
Jeff
But no, it's a starting point. Got Vincent coming in from Jersey and soon to be in Bangkok.
Chip
Bangkok, Thailand. All right, beautiful.
Jeff
Go enjoy over there. Here they have good food.
Chip
Yeah, delicious food over there. So society generally forger is the Euro. The convertible is now live on the XRP ledger. You know, you tease this in the open after Ethereum and Solana. This new deployment reinforces our commitment to delivering crypt complying crypto assets through a multi chain approach. And this is really the best approach.
Jeff
Different, it's unique.
Chip
You can see what's happening with Ripples doing it too. They first released on, on Ethereum and I think they're going to Salon as well. You want to go where people are. You want to go where you're going to get the most use. And here they talk about the aim which is enhanced scalability and speed thanks to XRPL's high performance infrastructure. Definitely taking advantage of lower transaction costs and overall a secure and decentralized layer one architecture. So there's that, that bit of it. And Casey Cradock over there at Ripple, she is the UK CEO and managing director of UK and Europe. She said she was delighted. This is a word that you probably. We don't say stuff like Jeff, are you delighted? Like I'm usually never ever delighted. I might be psyched, I might be happy, I might be thrilled. But I'm very infrequently delighted.
Jeff
Delighted.
Chip
I guess if you're in the UK you could be delighted. Delighted that the.
Jeff
Super delighted.
Chip
Super delighted that society generally forges is officially live in the XRP ledger. Bring in Euro convertibles to the XRP is a huge win for the ecosystem. Combining institution of great compliance with the speed and low cost the XRPL is known for. Proud to have Ripple's custody tech powering this milestone.
Jeff
Big news really is big news. You know, and especially to see something rolling out of Europe. You know, they needed something like this. They need something pegged one for one and to be able to use good technology. Let's see more that are going to be built off the xrpl. It's a big win. It's interesting Chip. Yesterday I was at a tech meetup and I was talking to some guys over there. One was a one of this in.
Chip
Miami or where was this at?
Jeff
Fort Lauderdale.
Chip
Okay.
Jeff
It was actually at Nova University and they have an innovation center, my wife's.
Chip
Alma mater there you go her masters from Nova.
Jeff
They have a beautiful innovation center over there. So a lot of good people came together. I met some interesting people. One guy in the finance and he, he was speaking over there and we're talking about cryptocurrencies and one of the guys came up, I'd mentioned different crypto assets and then he said. And I mentioned XRP and he said oh, what do you think about xrp? And we started digging into the speculative nature of crypto asset but it's all about building utility use case. And then we started talking about the XRPL and how that can really change fundamentally change how we see flow financial flow within institution and movement and payments and all the different infrastructure to tokenize real world assets. But it was really cool because these gu were just very not engaged. We, we're about to talk about the bear and then the.
Chip
Did it mention the bear?
Jeff
No, I, I was going to talk about the dancing bears and the. When he said what do you like about Riddlers Crypto? And I said oh wow, it's all.
Chip
About the riddlers, Riddlers and the bear.
Jeff
And I said what do you think about XRP? I said 589. That's what I think about XRP.
Chip
He said you were, he said you thought you were nuts.
Jeff
And that's, that was the, that was at that moment when I, when they closed the curtains and I got kicked out.
Chip
I said get out of here. They said you're out.
Jeff
But I was on the financial, the financial guy and he doesn't have any exposure to crypto. Any financial. Yeah.
Chip
And I was like not even stable coins.
Jeff
No. I said there were two things. Two things that especially as a financial advisor group, you guys need to be very cognizantly aware of. One is crypto and the other is AI. And if you're not somehow looking at those two.
Chip
That's weird.
Jeff
Yes.
Chip
There's a lot of old school. There's always the laggards. Oh yeah. Will take a long time. But this was cool too. I mean to see this. Even Coindesk posted this saying that ripples are all USD breaks into the top 50 tokens by market cap, which is pretty big. I mean it's only been around what, 12 months, 13 months tops. You know it was announced in December of 24 and so I don't know when it actually rolled out. I don't think it was December. But I mean it's gaining a lot of. I mean look, even Ondo. You see Ondo there, you see Ethereum Classic near protocol it's starting to pass and it'll keep moving up as the market cap expands and it starts getting a little bit. Because I imagine that the acquisitions that Ripple has completed will certainly play into more people actually adopting and using our LUSD as being very simple as well as other stable coins as well. But. And this one here, this is a writer from the Block. You know the Block, the, the crypto magazine. But this guy Naga, he works for the Block, he's a writer there and he said the XRPL ledger just flipped the switch on a members only decentralized exchange. XRPL is activated. It's permission decks amendment which allows gated on chain trading venues with only approved participants can place and take orders. Think compliance first defy. This is huge because this is it. Compliance first defy. And this is where I think it was. It was David Schwartz, Crypto already did a great interview with him and he was talking about the fact that Defi is going to replace tradfi, you know, and it's coming and it's going to probably be massive. He says access can be restricted to institutions that meet the KYC AML requirements. Which is interesting. The moves aimed at squarely at banks, brokers, regulated firms that want on chain settlement without actor interacting with fully open markets. But you know, it's, it's all institutional. So if you say banks, brokers. Yeah, if you. The institutions are where it's going to be, Jeff.
Jeff
They need. On chain settlement, they don't necessarily need to interact with the open markets. There's a lot of stuff that's going to go on behind the scenes, you know, but big institutions, they need it. It ha. It has to come and maybe it can't come fast enough but we know how that goes. It's only been what, how long has it been? Maybe 14 years.
Chip
It's been a bit. It's been a while. So this is the article that he actually penned here and then he had these two kind of takeaway points activated. The, the XLS 81 permission 81. And also the rollout follows the recent launch of the XLS 85 token escrow and that expands conditional settlement to issue tokens and stable coins. And really all these new amendments are really around institutional, Jeff. It's, it's really getting very focused and putting missing, missing links inside of there. So you have to love what's going on there.
Jeff
Well, yeah, I like, I, I like seeing the development. I like the focus on escrow, I like the focus on, on the loans and as they dig in into the into the decks further and really looking at the full tech that's available within the XRPL as it's. It's such a powerful tool and we're just beginning to kind of scrape the surface of it. You know, we can all talk about it but until it's actually put into place and is being used and we see companies that are actually building with it, that changes the game. Until they start building with it, you can pass whatever amendments you want, it doesn't matter. Well hey, these are great ideas. And then you start seeing it in real world and that starts changing things and that's what we're beginning to see right now. This real world utility or usage with like look at flare, look how far flare is going.
Chip
It's amazing.
Jeff
Don't have full adoption but their tech is unbelievable and it's going cross chain. It's getting.
Chip
It's definitely D5 for the XRP community, right? Which is huge. And everything's a good idea until someone has to do something. You ever notice that everyone has a great idea? I have this great idea, okay, who wants to do something? Everyone's like oh geez, I think I hear somebody calling me, you know, then it's everybody disappears. Ripple X quoted that are that post by Naga saying hey this is great to see the coverage on this update because this usually updates like this wouldn't get anything but when you bring defy into it for institution that's something to be noticed, right? I don't think any other amendments really got any kind of notice from like the block or coin, you know, desk or any of these. So Ripple X says for context the XRP decks remains open. The permission decks introduces optional participant gating for those cases that require compliance controls so regulated institutions can meet requirements while using shared on chain liquidity. Both can operate in parallel on the network and again this was necessary for their institutional credit customers.
Jeff
That just shows, you know we're moving one step in front. One of the, one of the comments that that always come up is there's all these great things going on, all this great news, all this great development, but yet the price stays consistently low or stagnant. The market is still very speculative until we're getting more and more utility with platforms that are taking this tech and doing something. But then you have actual money movement flow and asset flow, whatever it's going to be. Until that happens, the price is always going to be speculative and the price action is also going to follow Bitcoin, which is speculative. But at the same time that speculation is now coming from corporate treasuries, country treasuries. And we're going to see that adoption come even further and further. Eventually we're seeing baskets of crypto asset being held in treasuries and that's where it becomes slightly more finite. That was one of the questions that came up yesterday. They said, do you see the price being connected to supply and demand? And I said, well, how do you have a supply issue when you can subdivide one XRP into a million drops? Right. Or, you know, how does, how does that happen? How do you take one bitcoin and subdivide it down into, you know, what does it subdivide to a million or a hundred thousand sats? I think it's a million sats, right? I think so subdivides, whatever, whatever the numbers. But let's say it's a, you know, where, where does it become super finite? Supply and demand, the biggest focus. I mean, that's a huge number that's out there. Put it out to a global scale. When you look at the full money movement now, all of a sudden it becomes more finite. As you start seeing crypto asset, especially if you're going to consider top 10 be and those get staked into Treasuries. Now all of a sudden you have huge sums that are just being removed from, from supply and they're going into Treasuries. And a lot of people are also heavily focused on whole acquisition. Not everybody is looking at fractional acquisition. So I think part of its psychology, there's, there's, it's, it's really, it's interesting to see this dynamic of price movement when you can own a fractional, you can own one millionth of it, you know.
Chip
Yeah. Well, especially if the price gets bitcoin goes to a million, million five, you're gonna definitely need that. It's gonna be like in, you know, if you're, you know, you might have divisibles above a hundred, who knows what it ends up being? $50, $2, whatever the equivalent. But I wanted to break in here because something awesome happened today. USA men's hockey team. That's right, beat Sweden. Jeff, look at this right here. Can't play the sound.
Jeff
It was a nice move.
Chip
Quinn Hughes. Look at this wrist shot. Todd just put it in. It was in overtime, Jeff. It was in overtime. And they blasted the goal in there. Now they're going to go into the semis with Slovakia. And look at they and Sweden. Just cannot believe. You just cannot be beat they're just. They're so upset. I don't even know what happened. He goes, what happened? He just knocked that in. He was like, just over the blue line there. Just rocketed that shot in there. So, yeah.
Jeff
Who's the goalie for Sweden? I missed it.
Chip
I have no idea who it was. Wasn't too happy, though. He seemed like he was sleeping, though. He didn't even get a chance to Chad nauseam.
Jeff
Unnotified greetings from celebration. I think we have a lot of lack of notifications. There's something going on.
Chip
That is some defeat right there.
Jeff
No, that was great. Canada also won. I was driving home. Yeah, I saw that walking.
Chip
It's going to come down to a Canada.
Jeff
There were two. You missed two great day hockey games. Canada and the U.S. each one like, wait, Canada won something. Wait a minute.
Chip
What did you see when Canada played France? And then one dude from Canada's team or someone said, like, oh, you can't get beat up by a French dude. Come on, you need to be kicked out. That's not possible. But. And some people were, like, putting out these memes. Like, when you beat Denmark, they said, that's it. We're going back to the old days where we won then means we win Greenland and now beating Sweden. Sweden. That means we. We take over ikea. It's on our new management. It's ours now. Sweden compete. Now we take over ikea. That's how it works. So. So, you know, that's how it works. It's not that.
Jeff
That's funny, that whole intrigue. What's that game they play where they're pushing that little thing down the ice?
Chip
Oh, curling. Yeah.
Jeff
The Canadian guy got called out for cheating.
Chip
Did you see the one? There's so many great memes on that. There's so many great memes on that. Man, it was so good. And then, you know what's so funny is they did it again, right? They did it again. But see, the other team was smart. They had a camera set up because you never see it from that angle. But I'm like, if you're letting it go, do you think, like, I didn't put enough on it and just let me just give it a little flick, a little extra?
Jeff
Yeah, that's what it.
Chip
And I guess I grew up right across the border from Canada. And like, Saturday mornings were like. Once the cartoons ended, it was like curling for, like five hours straight. I would just sit there and watch it. But back then they had these big floppy brooms, you know? Now they got really? These little pads that they. And you know, it does help to a certain degree because you know, you get build up on the ice and just like try to smooth it. It's so funny when it, once it hits the other team tries to, you know, make it go faster so that it like goes off the board. But surprisingly in the US is, you know, the one team.
Jeff
Is that why the other team is doing that?
Chip
Yeah, yeah. So they wanted, they're trying to get it to go faster, to kind of slide off, you know, and they wait until it hits. But I'm always amazed by how, how they stay in front of it. They somehow sidestep a bunch of other ones. Like, like that in itself is the art form, right? The fact that they never hit another, like another, you know, whatever that thing they throw is.
Jeff
I mean, it's such a funny looking sport.
Chip
I mean we beat Canada. It was like crazy. And that's, that's like Canadians like second sport right there is curling. I didn't even know you could play me. I didn't even know there was anywhere to look. Go like where? Like when I was, when I was a kid, I was like, can I learn how to do curling? So I'd watch it on TV all the time. What do you. Shut up, kid. There's no curling around here. Nobody plays. No one does curling in the United States. The hell's wrong with you?
Jeff
I don't even know how it qualifies as a sport. I don't know.
Chip
It's very, it's a. Well, I don't think I'm gonna fly football in the next Olympics. Did I see that?
Jeff
It's kind of like a backyard game, right? If you're having a barbecue and it's like playing bocce in the middle of winter.
Chip
Dude, you're not having a barbecue in the middle of winter.
Jeff
I don't know. In Canada you might be having a barbecue.
Chip
No, you're not. You're not.
Jeff
You're not doing it. And that's your outdoor Sport.
Chip
Instead of 100 million XRP minted on flare, that means 100 XRP are generating yield. Can you imagine that? A hundred million xrp, that's how many people. That's how many people are generating yield. Jeff. That's huge.
Jeff
A big number.
Chip
It's a big number, man. If you think about 100, that'd be nice to have 100 million XRP, wouldn't it? It really would be fantastic.
Jeff
I wouldn't turn it down.
Chip
No, not at all. It's a fantastic thing to have. And then on community day, you know, Grayscale spoke a little bit. This is Renee Sheriff Askre, she's the head of product research at Grayscale. This was XRP community day here. She was talking here.
Jeff
Wrong.
Chip
Vibrant community.
Jeff
I think it generally from a blockchain.
Chip
And crypto perspective, there's a lot of.
Jeff
Cases where product market fit has kind of lagged price sentiment and the narrative.
Chip
You know, we think that that's going to change over time.
Jeff
Battle tested blockchain that has a real.
Chip
Opportunity to capture market share as we see the proliferation of these use cases.
Jeff
And ultimately I think a lot of.
Chip
The excitement comes just from the demand.
Jeff
So you know, as we talk to investors around the country, enthusiasts, stakeholders, it's.
Chip
One of the broadest communities and there are a lot of diehard fans and the sales team was just telling me.
Jeff
That, you know, anecdotally advisors are constantly.
Chip
Asked by their clients about XRP and in some cases it's the second most talked about asset in this community behind bitcoin. There you go. And we can see that. We've seen that the inflows into the. It's been amazing. Right? So. And of course bitcoin's been struggling just a little bit that's been having its struggles here and there with. With price action. I mean I have no doubt.
Jeff
Ed comes in. Hit the like button please.
Chip
100. Hit it guys. Because it does help the algorithm. We need algorithm. We need algorithm. We need the algo. And this is. This might be the shortest repost comment by selling house in history. But all it is Jeff, check it out. He saw that and he gave it the strong arm.
Jeff
That's right.
Chip
That's a very short post right there. Bam. He's like yeah, really?
Jeff
Rayscale Grayscale was Rayscale Ray scale. Open up his. His X post.
Chip
It's grayscale.
Jeff
I know. Open up that. Open the post up large screen as at Rayscale shared. What is underscore? What's Ray Underscore Scale.
Chip
That's. That's. That's her. That's Ray. She's Raina at scales to see what race scale.
Jeff
Look how she did that. And that's pretty good. Nice. Smart.
Chip
Easier.
Jeff
Bless you.
Chip
Hit the sneeze button. Got it. Wow. Yeah, that's her. This is why I about this all the time. I'm like the right. The proper way to do this would be to say Reyna, her full name. And in parens you put that. Because then you gotta go, what is Rayscale? Nobody Knows Ripple. Pretty obvious. Xrp. Pretty obvious. But this kind of stuff, especially when it's user 64-789-231 like who's that?
Jeff
I just memorize all of them.
Chip
I hate that. One of the things that drives me nuts more than almost as much as vertical videos.
Jeff
But vertical videos are the best.
Chip
Drives me nuts.
Jeff
They're so usable.
Chip
Check this out. By Coinbase. You can now huddle. It says holding. Holding. Look at this. Who wrote this? It's supposed to be hot. Holding. Xrp, Doge, ADA or ltc.
Jeff
Or Litecoin. Yes.
Chip
Litecoin makes it in there.
Jeff
Yes.
Chip
You can unlock the value of your portfolio without giving up your position. Borrow up to a hundred thousand in USDC against your tokens instantly without selling.
Jeff
Yeah, we know.
Chip
And get liquidated in a flash crash.
Jeff
We know exactly how that turns. So what? I don't understand why people are still pushing that. Look, I mean I understand why they're.
Chip
Pushing it, but this is another reason. Like if you're in crypto and you live in New York, it's another reason New York sucks. Oh. Now available in the U.S. except for new York. New York's always the exception, Jeff. Never the rule.
Jeff
New York is the exception for not the good stuff. Anything bad New York.
Chip
Of course. Our pal CEO of Coinbase, Brian Armstrong said our crypto backed loan offerings are expanding. Now you can instantly borrow against your XRP Doge. I like how we led with XRP here. This is interesting. XRP and Doge over ADA and Litecoin as well as bitcoin and eth. But Bitcoin and it's been there for a long time. Well, but there's, you know, ultimately let's say that crypto gets to the point or XRP gets up to 20 or $30 and you're like, okay, you would never want to sell it. You would just borrow against it, Right? So you keep on hodling and you're never really dipping into your, your, your, your vault, so to speak. So that's the way to ultimately do it. But when it's volatile in this stage and you're borrowing up to 100 grand and you could get liquidated in a horrible flash crash. Nobody really wants that, Jeff. Nobody, Nobody really wants that.
Jeff
Windsor Curling Club is excited to be hosting the Stick Curling national championship on March 25th to the 29th with Wolfville curling Club. There you go. Gotta go to Windsor.
Chip
And what you realize after you see those guys, like we're watching, always watching. The best of the best. If you watch these guys Play. You're like, you know, it's probably not as good play and you probably wouldn't know about it too.
Jeff
What is W Fly and USD1?
Chip
Those are. Well, that's the World Financial token, that's the Trump's coin and the other one is USD1.
Jeff
I don't know.
Chip
It's another two other stable coins.
Jeff
World Financial is borrowing on the most volatile assets in the world a smart idea?
Chip
No, probably.
Jeff
No, probably not.
Chip
If you're looking to get liquidated.
Jeff
Bitcoin. Bitcoin went from125,000 down to 58. What happens during that fall? You're wiped out.
Chip
We've seen people get liquidated and flash crash. We've seen it happen very recently when XRP took a tumble. It's just, it's sad really. It really is super sad.
Jeff
You don't and you won't know day to day unless you can find a way to top it up, you know, fast enough. But imagine the amount of money you're putting in to top up when you have a crash like that.
Chip
Yeah. And then time wise, can you do it fast enough? It's, there's too many, there's too many things that can go wrong, man. Too many things all together. And Trump was hosting, you know, this is Black History Month. He was hosting an event at the White House and he brought this grandma up on stage and man, she burned the place down, man, she was fantastic. Someone played that clip. There's a couple clips. I think this clip, I have another one too.
Jeff
Mistakes. Come on. Yes you can.
Chip
So nice.
Jeff
I like her.
Chip
Please.
Jeff
I like him too. One thing I like about him, he keeps it real. Just like grandma. I appreciate that because I can trust him. Because he tells exactly how he feel and what he thinks. Thank God for this president. Right?
Chip
Right. Damn right, right.
Jeff
I am filled my cup runneth over because he allowed his, his constituents, his.
Chip
People to come to my house to.
Jeff
Interview me to talk about the murder of my grandson. It seemed like nobody cared. I'm an advocate for murder. I marched, I rallied. I pulled out other families in the District of Columbia that had murders and did not have answers. We marched through and nobody heard me. Democrats get mad at me until this Republican send his constituents, his people out.
Chip
There to interview me in my home.
Jeff
Have you ever heard of a thing? Then they invited me twice before Congress to testify for the beautiful bill that's going to change crime in the district. If you kill somebody, okay, you take a life, you do life, just that simple. If you do a Harsh crime.
Chip
You do hush time. Just that simple. And then we need National Guard and.
Jeff
Which we did years ago. He brought it on. I love him. I don't want to hear nothing you got to say about that racist stuff. And don't be looking at me on the news hating on me because I'm standing up for somebody that deserves to.
Chip
Be stand up for.
Jeff
Get off the man's back. Let him do his. His job.
Chip
He doing the right thing.
Jeff
Back up off of it.
Chip
Damn.
Jeff
And Grandma said it.
Chip
Grandma said, she's fantastic.
Jeff
Yeah.
Chip
That's great. Just grab a setup. And she's like, imagine that, a Republican showing up in my house. You know, I mean, this is the whole thing that these people have a typecast. They think this is it. There's so much propaganda out there. Like somebody had said something about. What they really appreciate about Trump the most is just the results. Forget about all the other stuff. This to that. It's all. It's all noise. What, what there is at the end of the day is just producing results, and that's it. They either have results or you don't. You know, that's it.
Jeff
We're seeing nothing but results. He promised results. What did the other people promise? Promise? Nothing but misery.
Chip
Pretty much. Pretty much, you know, pretty much everything that was there. And if you remember Alice Johnson, she, I think she sold some. A little bit of pot, and she was doing 50 years or some ridiculous amount of time in prison. It was something really minor that she did, and she was already spent 20 some years in there. So he pardoned Alice Johnson on the first. On the first term and the second term. The. The pardons are right to be able to go look for cases for people who don't belong in prison. So he called Alice Johnson up to the stage Next.
Jeff
I said, 28 years left. And I said it. And she admits, you made a little mistake, but it was not the kind.
Chip
Of a mistake that you served 50 years in jail for like maybe a.
Jeff
Couple of months, maybe less than that.
Chip
And I said, this is the most unfair.
Jeff
And then when I met her, I fell in love. I felt my wife.
Chip
My wife was very upset with it.
Jeff
Our great first lady did not like that, Scott. We didn't.
Chip
She didn't like it.
Jeff
But Alice is great. And say a couple of words. It was so ridiculous. 22 years. She had 28 left. And I said, let's get her the hell out. And we got her out.
Chip
We did a commute.
Jeff
And then when I got to know her, she was so high quality. I Said full pardon. So she's cleaner than anybody in this.
Chip
Room, even than my friend right here.
Jeff
She's cleaner because of that. She's cleaner than anybody in this room. Thank you, Mr. President. The feeling was mutual. I fell in love with this man, with his heart, with his heart for this country, with his heart to really.
Chip
Bring America back to the form of.
Jeff
Greatness that it deserved. And that's exactly what he has done. My story is truly a Joseph story. This president right here, President Donald Trump brought me from the prison pit to the White House. Only in America could there be a story like my story. And President Trump is the only president who would have had the courage, the courage to bring someone like me, someone who received a second chance. But who knows more than someone who has sent among the captives, than someone who has been in captivity themselves. I did not get comfortable in my own freedom.
Chip
But I went back as Harriet Tubman says she did.
Jeff
She went back to draw many others into freedom. And President Trump has listened to those recommendations. There's so much more to come.
Chip
Because when you see me, you see.
Jeff
A miracle, you see hope, you see.
Chip
Second chances, and you see someone who.
Jeff
Is willing to roll up their sleeves.
Chip
And do the work, do the hard.
Jeff
Work to help individuals gain their freedom. President Trump did something historic in his first term. He signed the First Step act into law. And for that over.
Chip
It's amazing.
Jeff
So amazing. It's amazing. Then you hear, you know, the, the misinformation from the other side, the media. Hollywood. Hollywood is. He's so guilty of it. Right, right.
Chip
Smith is right. Jim Crow. Yeah. The whole thing, it's all Democrats. But, you know, they've done a tremendous job of trying to rebrand it. Right. Because most people, they're convinced, you know, Civil Rights act, they, they didn't want to vote for it. It was, it was the Republicans that pushed it over. And, you know, 63, it's, it's insane. 1866, they wanted to keep blacks enslaved. 100. I mean, this is a, this is what you constantly, you constantly get this non stop craziness. You know, it was interesting that, you know, Rubio was absolutely just fantastic on the world stage, but he also gave a presser after and he had some cool things to say.
Jeff
Let me just make one more point.
Chip
Because I think you asked him a.
Jeff
Question in order to like, see if.
Chip
You can get him against us with.
Jeff
Something about, oh, a lot of countries.
Chip
Didn'T like what we did in Venezuela.
Jeff
That's okay. That was in our national interest, I'm sure There's something he'll do one day that we don't like, and we'll say, hey, we didn't like you did this. So what? That doesn't mean we're not going to.
Chip
Be friends, we're not going to be.
Jeff
Partners, we're not going to be able to cooperate with one another. Countries, express their opinion all the time. We have very close allies that didn't.
Chip
Like what we did. In that regard, I can tell you what, it was successful we're proud of.
Jeff
It was necessary because the guy was.
Chip
A narco terrorist and we made him.
Jeff
A bunch of offers and he chose Torta Motor.
Chip
And look what's happened in Venezuela in the six weeks since he's been gone. Okay?
Jeff
It is a now, it has a long way to go.
Chip
There's still much work that needs to be done. But I can tell you Venezuela is much better off today than it was six weeks ago. So, you know, we're very proud of that project. And, you know, I know some will.
Jeff
Disagree and didn't like, but irrespective, I think everyone can now agree that Venezuela.
Chip
Has an opportunity at a new future.
Jeff
That wasn't there six weeks ago.
Chip
Boom. Just like that, man, he hits it.
Jeff
Out of the park on a regular basis now. I mean, it's. It's so amazing listening to Marco and seeing how far he's come over the years, you know, to now, and it's really impressive. He's, he's learned, he's growing. He had, he had a career, you know, before all of this, and, and now he's kind of moved up, you know, next step presidency, you know. Well, he's well positioned for that for, you know, 28 and then, man, off to the races, you know, because we get Trump for, you know, three more years, but now we're fighting the fight, we got a position and make sure that we hold the next eight after that, minimum, yeah, 100.
Chip
But, you know, I, I like this right here, you know, Marco, 28. Listen, JD's great. Listen, one of the things I think Marco has, Rocco, Ruby has over JD Vance. They're both very smart guys, but there's something about the passion, there's something about the, you know, the explosiveness, the conviction, which Rubio has. You know, it's the cult of personality you have or you don't. Trump has it, let's say JD. JD's to me, even though I love what he says, I kind of get, if I got a chance to watch JD speak and give a speech or sit down an Interview or watch Marco. I'm gonna watch Marco all day long. I just, you know, it's just JD gets a little bit on the boring side for me. He's kind of like monotone. He's funny. He's got a lot of great stuff, like. But he does. He should not be the guy, you know, Marco should not be the VP to, you know, a JD Vance. I think Marco has way more intensity, and I. We've said it over his last six months, just watching him go this, like, putting, you know, Trump not getting him to be Secretary of State is one of the best secretary of States we've had.
Jeff
Ever. I mean, I think ever. I don't know who would compare to him. Who compares to Marco as Secretary of State at this point?
Chip
You have to go back. You probably have to go back a long way.
Jeff
But, I mean, he's modern day.
Chip
Yeah. Modern day. I don't know about modern day. I mean, Hillary Clinton. No, no, that's not. There's no way. No, not. Not at all. Can you imagine, man, I'll take.
Jeff
Who is the worst Secretary of State for a thousand.
Chip
Yeah, the worst. The worst senator. I mean, there's so. There's so much there. And this was him. He was being asked about, like, entry into the United States and this and that and all this other stuff. And this is perfect right here. This repeatedly. I don't know why it's so hard for some to comprehend it. So let me repeat it again. See, this is. This is the kind of stuff that you love him for. I've said it so many times, but I don't think you have the ability to comprehend it. Right. He's calling basically stupid. Like, here, let me say it again. Clear. A visa. No one's entitled to a visa. There is no constitutional right to a visa. Okay. A visa is a permission to enter.
Jeff
Our country as a visitor. If you enter our country as a visitor and as a visitor in our.
Chip
Country, be it a student, a tourist, a journalist, whatever you want to be.
Jeff
And you undertake activities that are against.
Chip
The national interest, the national security of the United States, we will take away your visa.
Jeff
In fact, if we knew you were going to do it, we probably wouldn't.
Chip
Have given you your visa. Pretty simple. I understood that, Jeff. Was there anything hard, complicated to understand there?
Jeff
Yeah, no, he's good. Vincent saying he's sold on. On JD I think I like JD Vance. I'm glad JD Vance is vice president right now. But if you're looking at the two and Rubio's getting A lot more air time than JD does. You know, just overall, because he is Secretary of State. But you see the, the level. It's going to be really interesting. He has Marco Rubio. Chip is positioned so well right now, 4:28 if he wants it up. And I'm assuming JD Vance is going to run for N28, coming off being VP. And so that's going to be, it's going to be very interesting. You know, I'm kind of, it's, it's. We're in a really good spot going into 28. The other side have nobody.
Chip
Yeah. I'm just not sold on J.D. i just, I, I just frankly just go to sleep. It's a lot. It's a lot for me. Yeah, I wasn't, I wasn't big on him being VP anyway. I was more. Oh, there's a couple other people I preferred to have in there.
Jeff
But, you know, Trump's got the best cabinet ever. He's got a great cat, everybody around him. He's got amazing people.
Chip
Look at this, Jeff. The Florida State House just passed a proposed law paving the way to rename Palm Beach International Airport to President John Day. Trump International Airport, 81 to 30.
Jeff
That's it. Well, yep.
Chip
Then it goes to DeSantis's desk.
Jeff
So.
Chip
Right.
Jeff
It's got to go through Senate. Come on, Senate.
Chip
Yeah, come on, you gotta love that.
Jeff
So come on, Florida Senate. What are we waiting for? Hold on already.
Chip
These airports get named for people. You know, the turnpike is the Ronald Reagan turnpike. So, I mean, you know, it's, it makes sense. They just rename one of those big streets over there with Trump. But I mean, Trump's been in, he's been there in Palm beach since the 80s. I mean, he's done a lot for the area. So it's not like he doesn't, you know, and what they're saying is, you know, the Democrats are a little bit worried about this whole thing with, with Marco and JD Teaming up. They're going to be tough to beat. I mean, I'll tell you one thing about both of them. You're not going to out debate them. You just, you just knock. I don't care who, who it is. And if Jeff, they showed the field of people that are running for the Democrats and it, and believe it or not, like it's. It's. Kamala's still pulling number one. Okay. Then you got Newsom. And then I think number third was.
Jeff
I think. Right.
Chip
Buttigieg. And then aoc, but. And then Shapiro. Now Shapiro's at last. And out of all of them, Shapiro is the only one.
Jeff
He's the best out of the worst, right?
Chip
The best of the worst, right? I mean, but if you at least listen to Shapiro, the guy can talk. The guy can handle the crowd. He's a good schooled politician. He's way slicker in some ways that I think than, than like a newsome who's just. No need. This guy's got zero credibility anymore.
Jeff
That guy's slick Rick. Other than a nice haircut, this was great.
Chip
So let's talk about Zora on the moron up there in New York. He runs the entire campaign on freezing rent that immediately raises New York City property taxes.
Jeff
Yes.
Chip
Facing landlords to raise the rent. Look, look at that. What a great picture. Two morons. Dumb and dumber. Dumb and dumber. It's hard to know which one's dumber than the other. They're both.
Jeff
There's another two.
Chip
So you know, I'll see. You remember Michael Rapaport, the actor who was. So remember how you remember how he went off so hardcore on, on Zora theory is again this. He's back for some more. Here we go. Let's look at this. Well, before I play that, Here we go. Let's play this clip here. There you go. Part of this path is a property tax increase.
Jeff
This would effectively be a tax on.
Chip
Working and middle class New Yorkers who have a median income of $122,000. The second path also requires us to raid our reserves.
Jeff
It would mean with $980 million from.
Chip
Our city's rainy day fund in fiscal.
Jeff
Year 2026 and $229 million from the.
Chip
Retiree health benefit trust in fiscal year 2027. These are steps that have been taken before, but only in moments of extraordinary external crisis. Mayor Bloomberg's response to the 2008 collapse.
Jeff
And Mayor de Blasio's response to the.
Chip
Enormous revenue shortfall caused by the pandemic.
Jeff
Pandemic and a collapse. And this guy's coming in with neither of those. And he's talking about in extreme situations, a financial collapse and a. And pan. Demic. Look, you know, and he's coming in at nothing. There's nothing.
Chip
Look what happened with Virginia. I saw one of these, one of these 20 something losers. He was, he was, he goes, how would I'm using less electricity? How did my bill go from $230 to $1200? I'm like, yeah, you elected a Democrat. It's very simple. Well, the thing with New Yorkers is the pain has to be so extreme, it's got to get to exclusionary levels. This is just uncomfortable right now. You know, it's like, ah, they raise the property taxes by 10%. You know, when it gets excruciating, that's what you want it. You want it turned up to 11. The Heat. It's got to be true. It's got to be strong. It's the only way that they're going to learn because they're not smart people. They're some of the dumbest people on earth. They're just propagandists and something in the air. They don't know any better, Jeff. I mean they're just, they're just dumb. So you got to hit them in the pocketbook. You got to hit them where it's really going to hurt.
Jeff
Yeah. All the smart ones are fleeing. They're fleeing in mass.
Chip
All right, so let's look at the contrast here.
Jeff
Talk about the brain drain versus the monetary drain.
Chip
Let's look at the contrast between Zoron the running for office and Zoron the six weeks. He's only been in office for six weeks.
Jeff
Jeff, as your next mayor, I will.
Chip
Freeze your rent paid for by Zoran for nyc. In order to get to this point.
Jeff
Of closing the gap on both this.
Chip
Fiscal year and the next fiscal year, we are forced to raid the rainy day fund, the retiree health benefits trust reserve, and to increase property taxes across these other. So it's true. So the funny thing is it's not just he's raiding the rate, the rainy day fund. Okay, so that's like your little stash you put away for a rainy day. Like it's trust reserve and, and the reserve for the, the retiree health benefit. For the retiree health benefits. You're rating both of those and you're going to increase property taxes.
Jeff
So holy cow, Jeff, New York City retirees are going to get effed big time.
Chip
They're going to be just smashed right in the face.
Jeff
But you know what? They deserve it. You know, New York City electing him and conservatives that are there that allowed it to happen, you know, but they're fleeing, they're running. Godspeed. Hopefully every conservative makes it out of New York City because it's so much better in the south anyways. Why would you want to be in that cesspool when you can be in the South? It just makes zero sense to me. It used to be the greatest city. No longer. I used to. My, my three top cities that in North America that I Used to love visiting Chicago, New York and Toronto. Now I don't want to go to either any of the three. No desire. I don't want to even cross the border, first of all to go, I don't want to cross the northern border, meaning I don't even want to go up to New York, you know, but forget about Canada. But you know, imagine that. Here's, here's what, here's what, here's what New York City gets brain drain. Because all the smart people are leaving with their money, right? So they're all fleeing south, companies, money. And guess who they're replacing it with? They're placing it with the low IQ people that they're bringing in from overseas. So now you're replacing the hundred plus IQ people that were supporting the city with 75 and lower IQ people that your city is going to be a disaster. Don't come begging to us. I feel, you know what I feel bad for is the rat as the rest of New York State, the rest of New York state already suffers because of New York City. Now they're going to suffer even further because now they're going to go. And I'm wondering if the governor is going to even give anything because she's already started to shut him down. Which I was really surprised. I thought she was going to cave immediately. She was like, free transportation.
Chip
No, but she brought, she brought up a good point. Number one, you're the mayor, stay in your lane. You don't control the buses. And they raised the raise the price of the buses, free buses to raised at a dollar to three dollars. Right. And she said that there's too many people leaving the tax base. You got too many people. I mean even a Democrat who understands money can make a decision to say like, well, if we get the same kind of people or more leaving, we're in bigger trouble and more people will leave. That's just how it works. Like there's reality. But when you have a socialist like this guy who he's ran on Democrat socialists, I don't know what that means exactly, but he's a socialist. You know what else is happening throughout neighborhoods?
Jeff
Communism.
Chip
The call to prayer at 5am blasting through neighborhoods. And I say the only thing I'm sad about and disappointed at that, it's not louder. I want them to move massive loudspeakers in and I want it to be piped through the entire city and I want it to be so loud that like you're at a rock concert, like Metallica's playing outside your room.
Jeff
Oh, that'd be good.
Chip
That's what I want, Jeff. I want it to be excruciating ear pain. You have to put earplugs in. Put those big muffle reducer things in your head, like when you're doing your power tools. That's what has to happen. Because these people, they don't be like, I'll be a little uncomfortable, whatever, I'll put earplugs in. They're just that stupid, right?
Jeff
Yeah.
Chip
73 tax. Funny you should say that. Mark Smith said, I got a story here about a dude who, who left, who left California seven or eight years ago. And now they're after him saying prove when you left, trying to come after him for back taxes.
Jeff
Right.
Chip
Because this is what you have to do. Yeah. You have to look underneath, you know, why isn't he paid tax in eight years when he left eight years ago? Prove it. He wants to know how you moved your stuff, how you did all your stuff. This is insane, Jeff.
Jeff
This whole thing between that and California. They want the same thing. They want to make sure that they penalize. Just like the Netherlands. Just like the Netherlands. Now passing the law that you're going to get taxed on unrealized gains. Imagine living in the Netherlands.
Chip
Who was it that resigned from the government because she had unrealized gains in bitcoin? She, she realized she had to resign because he. So here you go. Look at, here's Zora on the budget cuts. So now he's going to cancel 5, 000 officer hires. Okay, so in a sense this is defunding the police. Right. You're gonna have less police. Going to cancel more police. You've already had thousand or two thousand police officers take early retirement or leave the forest. They don't want to work for this, Eric. Adam is starting to sound like a hardcore conservative next to this guy. This is the really, it's. I mean it's unbelievable. Yeah, even Adams is making some good moves. The fact is they strong harmed him, not even running. They took him behind the woodshed, said, look, we got stuff on you and if you, if you run, you got to let more on run because this guy was actually doing a decent job for a Democrat. He was. I mean it's unbelievable, Jeff. I'm not all in on what he was doing, but he seems almost conservative compared to this guy. So now this guy's an all out. He said he wasn't going to defund the police. Remember when he said that, Jeff?
Jeff
Of course he wasn't.
Chip
Yeah, here we go. This is Jeffrey Mead. He says New York City wants 125. This is New York City wants 127 billion dollar budget. The entire state of Florida has 117 billion dollar budget. New York City has 8.8 million people. Florida has actually 23 million people.
Jeff
Yeah.
Chip
Think about that for a second. That's crazy time. And this is what you're talking about, Jeff. And so all this for 8 million people, that's going to destroy the entire state of New York and the tax base.
Jeff
That's it.
Chip
There's 23 million people in Florida. Three times the amount of people. A smaller budget. 10 million. 10 billion lessons.
Jeff
The total population of New York is 20 million.
Chip
Yeah, I mean, well, you're telling me.
Jeff
That New York City for 8.4 million is larger than, than Florida. It's, it's crazy. Great. So what? Yeah, the other, the other 12 million are definitely going to be supporting New York City. I mean, there's no other way around it. They're gonna have to go and raid the rest of New York State if they'll give it up.
Chip
Yeah, they're gonna have to raise pretty much taxes almost everywhere. This is getting. How ridiculous it is. Well, what I love about the Republicans is they're just bosses when it comes to social media. So Randy Fine, there was a, there was a Muslim leader that came out in New York City saying dogs were unclean. We don't. The dogs make the Muslims feel uncomfortable. You shouldn't have dogs. We shouldn't have dogs anymore in New York City. So Randy Fine. Randy Fine put this up. And he said, if they force us to choose, the choice between dogs and Muslims is not a difficult one.
Jeff
I love Randy Fine.
Chip
He's just fantastic. He's like, it's not difficult. Okay. If we have to choose if they force us. Right. And so John Strand was talking. He said, I'm a bit surprised many fell for this. Obviously Rep. Fine didn't say Muslims are subhuman. He just pointed out the fundamental tenet of our republic. Your rights end where mine begins. If they force us to choose. A violation of our rights. And no, we won't tolerate it. So this is why everyone, the Democrats are up in arms about this. Everyone is right.
Jeff
The Democrats are so stupid though. The way they came out and they immediately attacked Randy Fine. Everybody knew what he was saying. And they're right. They were saying how bad he was. You know, each one of them came out. I'm like, okay, so you guys are going to cave in the. And you're going to cave in to the Islamist nation. And you're going to give up your dogs because they're terrified of dogs. They, they see them as nobody cares. Let them. If you want to live in a place where there's no dogs, there's, there's a whole bunch of countries where you came from, go live over there. And those countries weren't Islamic to begin with. Many of them, they were Christian predominantly, and you converted them over, over the years, like Lebanon and, and others. So don't live in a country where there's, where there's dogs, where people want to feel free to do what they want. You know, it's just, it's just too much. Too much. You know, they want to talk Sharia compliance, Sharia law. They want to start building and taking over areas and having. It's just, it's just overkill. You want to have an, you know, it just, it gets to be too much, you know, because they start imposing at such a massive level on other people. And we have other communities like you have Chinatown and, you know, and Koreatown and, you know, you've got Little Italy and stuff like that. But when you go in, you don't feel offended. You know, you go there because you want to go enjoy food and stuff. Why not just create an environment like that where everybody could, you know, go and, and be okay? It's just too much.
Chip
Some good, good comments right here. So why do we care if they're offended? We don't. I love bacon too. I also love bacon. Everyone should get a pet pig and start walking it through the neighborhood. The fact that they're offended offends me, says Mark Smithson.
Jeff
That's right.
Chip
It's offending. You're offended. Now I'm even more offended.
Jeff
What are those little pigs called?
Chip
They're called mini pigs or pot bellies.
Jeff
A little pot belly. I've always wanted to get one of those. One of a little pot belly pig and a pygmy goat. I thought those would be the coolest pets. So you have to have a farm.
Chip
Though, of course, AOC Alexandria, Ocasio Cortez had to say, this is generally one of the most disgusting statements I have seen issued by an American official. Really, it should not stop shocking us that the Republican Party openly embraces this fine, should be censured and stripped of committees. To ignore this is to accept and normalize it.
Jeff
What is wrong with the Democrats are so twisted and deranged because when you see what the Muslims that were on X or wherever they were that were coming out they. And there's many videos in these other countries, and Jim D. Just posted something. But they go out and brutalize these dogs. They don't just kill them humanely and collect them and put them into the spca and then you have a kill shelter here in this country, we have no kill shelters, and there's people going into kill shelters to rescue all these homeless dogs that were brought in there. You go over to those countries, and they're there beating the dogs.
Chip
They're killing them in Morocco.
Jeff
Horrible what they do.
Chip
They started executing them in Morocco.
Jeff
Yeah.
Chip
So. So you know what Randy Fine had to say to that? At least I know where the equator is. Remember, she said that Venezuela was below the equator, and she apparently doesn't know where Venezuela is.
Jeff
That was very fun.
Chip
What else is great, too, is all these memes he's making with his name on the curses. Don't tread on me. Little, cute little dogs. This is the greatest thing. I mean, it really is fantastic. Randy Fine. And then, so Pierce Morgan, you know, Pierce Morgan, he was on Pierce Morgan not too long ago, and Pierce Morgan was very upset with this. He said, you disgusting prick. And then, you know, Randy Fine said. Randy Fine said, well, Pierce, look. What's disgusting is a major New York City Muslim leader saying, we must give up our dogs because New York City is coming to Islam. We will not be shamed into being conquered like the Europeans. I choose my dog. I know my first appearance in your show didn't go well for you, but if you want me to try again, I'm happy to administer another beating. Another beating. God is. This is fantastic. You really have to love this. Fine's becoming one of my favorites. I mean, I'm just loving how he's doing that. And then too much. Wait, Jeff. Wait till you see this. This is even. This is even better. So leaders, you know Jeffries. Hakeem Jeffries released a statement. Randy Fine is a disgrace to the United States Congress. He's Islamophobic, disgusting, and unrepentant. Bigot. Unacceptable. That Mike Johnson in the House. Republicans continue to remain silent.
Jeff
Oh, my God.
Chip
Their casual acceptance.
Jeff
Funny thing is he came out and said nothing other than, you want to take my dog. I know how. It's easy. It's an easy decision, right? I know who I'm choosing. I'm gonna choose my dog. I'll choose my dog all day long. That's what he said. He didn't say. He didn't say anything about Muslims not being able to live in the country. Didn't say anything derogatory. He didn't say anything like that. But what we do have is a direct threat against this country. And we see it in Europe, see it in Germany, see it in the UK See it in Italy, see it in France, see it in Spain. Across the nations, where you have the Islamists coming over here care the Council of American Islamic Relations, a terrorist organization sponsored by Hamas. And you have others, and they're creating havoc. And there's multiple videos. Just go on and you'll see them talking in their moss about making and converting our country, the United States attacking it from within until it falls into Sharia compliancy. Now, if you want that, good for you. If you don't want that, you fight back. You want to live in our country and, and live your way in your home, you want to pray in your, in your, you know, mosque or synagogue or church, the way you want to pray, that's fine, you know, but don't come in and start intruding on other people's rights and then trying to accost them. That doesn't fly. And that's exactly what he's saying. They're coming over and saying they don't want dogs in New York City. You know what? You don't get to say that unfettered, because guess what? You're going to get a backlash. You don't get to say that the Democrats are stupid because they're going to, they're okay with it now. They're going to try to apologize for the Islamist that wants to destroy them and their country and take their animals away. They want to take their dogs away. I mean, what kind. It's so irrational the way these people think. It makes no sense. And nobody was coming out and saying anything xenophobic. There are no hate crimes. There's none. None of that stuff. So much of this stuff is just being. Is just a figment of their imagination. They're making it up and they're trying to. They're spinning a false narrative to make people believe something that doesn't really exist. You know, in terms of the xenophobic Islamophobic and all of that, these Islamists are doing it all themselves, coming over here and trying to force people to be Sharia compliant. And they, you know, it just, it's outlandish. It's outlandish. You see it over in the UK that's exactly what they're doing there. What happened in Lebanon. So if you want to speak out about what's happening in this country, go to Lebanon. Tell me how great it worked out in Lebanon and how great it worked out in Syria and how great it worked out in Iraq. How great did it work out in Iran. Just because it happened over lots of years and you don't live in that country. Whatever they did over there is coming over here, and. And that's all you got to know. It's so simple, you know? But we live in a great country because anybody's welcome here. Just keep it to yourself. That's it. I mean, it's so simple. Such a simple narrative.
Chip
Jun D says, Good news. 85% of young Muslims not believe in a shred of the fake religion. It'll die out. It's not even a religion, number one. It's more in this country, political.
Jeff
The Next Generation. Just like everybody else.
Chip
He went on to all this stuff. So how did Randy. Fine answer. He's just jealous of our new dog, Hakeem. Hakeem, that's too much. You gotta love it. The little dogs, little cute little dogs they have on there. And he says, for my next hat trick, I'm gonna get Democrats to adopt it. If you love your dog, you're a racist position. Oh, wait, I already did that.
Jeff
Oh, my God, he's so great. He's so funny.
Chip
He really is.
Jeff
Matt La Roche. Holy cow, we haven't seen you forever.
Chip
Wow, this is great. Matt, what's up?
Jeff
All the way from Australia.
Chip
Matt from down under, man. So, Jeff, did you see the Palantir move their headquarters? They just left. They didn't tell anybody. They just left the state of Colorado, the Colorado governor. And he said, no, I didn't know anything about it. They. He goes, I'm gonna meet with the officials next week. They're like, sorry, we're already in Miami. Nobody cares. Palantir, worth billions of dollars, is massively one of the biggest.
Jeff
Oh, my God.
Chip
They're like, we moved our headquarters to Miami. That was it. They didn't tell anybody. How the governor found out about it was the press. Told him in. In one of these, you know, pressers. And he's like, yeah, I'll be something about happen. I'm gonna meet with them. Too late. Tax base gone. See you later. Stupid. This guy put up this link right here. This is what has gone so far. Leaving California this year. In and out. Burger. Been there for 62 years plus. Hewlett Packard's gone. Oracle, Tesla, SpaceX, Twitter, AX. We were call it Chevron. Realtor.com. paul Mitchell, Charles Schwab Palace. Well, Palantir technically was in Colorado and Northern and semantic. Well done, Gavin Newsom.
Jeff
That's a big list. Well, what about Meta's now leaving too?
Chip
Meta's leaving as well. Yeah. Looking into Miami. I was watching Mr. Wonderful on one, I think.
Jeff
Did you see that?
Chip
I was on CNN. He already said. He goes, I'm so pissed. He goes, there's too much traffic. Everyone from California, New York is now moving here. He said he couldn't take it. He couldn't take it anymore.
Jeff
His takeaway is last words. He goes, you're all nuts.
Chip
Yeah. He told them they're all nuts. They got mad.
Jeff
They were so upset.
Chip
He's great. He goes, I love this guy Mandami. He's. Guy's old. He goes, big. But he says, if you're going to charge a three and a half percent, I can't build the. I can't put up a building there because I won't be able to raise the. To be able to cover the expenses. What are you going to do? So look at this right here.
Jeff
Like this. Newsom leaves California, forgets to inform himself.
Chip
There you go. I mean, that would be the greatest thing ever. So Ted Cruz. This is funny. So Ted Cruz was on a podcast, okay? Senator from Texas, Gavin Newsom is. And he put this up. Gavin Newsom is historically illiterate. Jeff, pay attention to those words, historically illiterate. We break down his attacks on law enforcement, on verdict. Right, of course. The historically illiterate governor of California, Gavin Newsom, says Ted Cruz calling a dyslexic person illiterate is a new low, even for him. No, that's not what happened. And so even. There's a community note here. It says, Senator Cruz did not refer to Governor Newsom's ability to read, but rather his knowledge of history. Historically illiterate refers to the knowledge of history. Newsom left the word historically out of the original post, which says historically illiterate. So, Jeff, I'm. I'm telling you, the trolling is like next level. So. So what? So what does. What does Ted Cruz put up.
Jeff
Oh, my God.
Chip
He puts up this. The Gavin News. Like from Zoolander. The Gavin Newsome center for Kids who Don't Know what Historic Illiterate Means and who Want to Learn and Do Other Stuff good too. Wasn't that. Wasn't that from Zoolander?
Jeff
Oh, my God, that's so funny.
Chip
You have a Newsom center for Kids who Don't Know what Historically illiterate Means and who Want to learn and do other Stuff good too.
Jeff
That's so brilliant.
Chip
The trolling is such next level man. Some of the best things you see are freaking politicians. So you know that Hillary Clinton you had gret. Gretchen Whitmore, who's the governor of, of the great state of Michigan. Jeff was over. And also Alexandria Cortez. Whatever. Ocasio Cortez. Okay. She was over there. And it did not go well for O aoc. She's dumber than a box of rocks. You see when she's trying to answer the question. I mean I, I, I, I only what I. And you're everyone's like this is the person that wants to run for president. Holy cow.
Jeff
Or earpiece to kick in. I think.
Chip
Look at, look at this first one. So she gets checked by two people who don't live in the United States. Here, let's just first one by Venezuelan girl. Listen to this one. So when you run for president, are.
Jeff
You going to impose a wealth tax.
Chip
Or a billionaires tax? I don't think that I, I don't think that anyone. And that we don't have to wait for any one president to impose a wealth tax. I think that it needs to be done expeditiously.
Jeff
You have the recipe that many Latin American countries applied many, many times. That is some, some relief in the short term but end up being, you know, a tragedy for the future. It's like public expenditure, huge public expenditure, price control, sometimes wealth tax and you end up wealth tax goes away and you have just the tax and you don't. And you don't have wealth anymore. That was something that Peronism did many, many times. So all these recipes then creates a cycle.
Chip
Then you have this short term relief.
Jeff
But then goes with inflation shortage. Then you have more poverty and the.
Chip
Cycle goes and goes. She got checked by someone from Venezuela who knows that all too well. Those understands how that works. Maybe she's gonna be from Argentina knows it's just as well the wealth tax.
Jeff
So by the way, Songbird. Where's Songbird? Nope, Songbird is.
Chip
Who knows? I don't know right here.
Jeff
I don't know who just commented on that.
Chip
Steve Willett said not going there.
Jeff
Oh, Steve Willets.
Chip
Who cares?
Jeff
Just kind of nothing's happened to it. It's just kind of going up and down.
Chip
It was a test thing and going down it's around. Here's aoc. Here's another, here's another clip from aoc. Speech was a pure appeal to western culture. My favorite part was when he said that American cowboys came from Spain.
Jeff
I thought I believe the Mexicans and Descendants of.
Chip
Of African slave enslaved peoples. Would like to have a word on that. Is she the dumbest human on face of the earth? Does she not know that the cowboys, the vaqueros originated from Spain and introduced horses? Horses were extinct the north in the Americas. They brought them to. They brought them to Mexico and then Mexicans, you know, introduced them up, you know, to the. This. I mean it's going back to like the 1400s. 13, 1400s. Okay. I mean, does she not, she not know this? Like she goes. I'm sure the Mexicans. How do you think the Mexicans knew about horses? You think? And why do you think they speak Spanish in Mexico? Right?
Jeff
How did they, how did they learn.
Chip
They just. They just learned Spanish like in the New World. They just like we're gonna all speak Spanish.
Jeff
They just don't just. I mean, naturally occurring.
Chip
How dense you could be. And then she said that she had mentioned about Venezuela being below the equator. And of course it is not below the equator. You can obviously see it's. There's the equator there and there's.
Jeff
Obviously doesn't know where the equator. She doesn't know what the equator is. Not just where, but what.
Chip
She's a complete. Jeff. A complete. Just an absolute. Jeff. You know who else she doesn't remember.
Jeff
What goes in an old fashioned drink.
Chip
Yeah, there you go.
Jeff
She was supposed to be a bartender.
Chip
Well, speaking of which, look at this, Jeff, check at this. Look at this one. So you're gonna have Harris Ocasio Cortez, 2028 for President. Vice president. Wanna know why?
Jeff
Oh.
Chip
Even a drunk needs their own bartender. Because, you know, AOC used to be a bartender before she ran for Congress. And of course we know what the one on the left is. She's the drunk. Because every drunk needs their own bartender. That's just fantastic. The memes are what make politics fun. It really might be the only. It might be one of the only things Steve said.
Jeff
Here in Australia we write emus and kangaroos. I'm sure in South America. And they have a go at llamas.
Chip
Yeah, of course they do. Of course.
Jeff
Waits to an idiot. It's too much from her handlers pretty much. And she tries to memorize it and she doesn't.
Chip
Yeah, I mean, when she's out then. So Hillary was over there as well. And so Hillary had like a little bit of a meltdown. She got checked as well.
Jeff
This was amazing. I think this is probably the best first. I think you really don't like him. You know, that is absolutely true.
Chip
But I really.
Jeff
Not only do I not like him.
Chip
I don't like him because of what.
Jeff
He'S doing to the United States and the world.
Chip
And I think you should take a.
Jeff
Hard look at it if you think that there is something good that will.
Chip
Come out of it.
Jeff
Peter, what I think, what I think Trump is doing in America, I think.
Chip
It is reaction, reaction, reaction for something that, for some policies that really went too far, too far from the regular people, far from reality. So, you know, we saw the, the cancel culture. That's that. We saw the, the woke revolution. We, we don't. I don't agree with the gender revolution.
Jeff
The climate alarmism, gender, women having their rights. No, Peter, go on.
Chip
I think there are two genders. So. But, but some of us can. Some of us, some of us think that there is more than one or two. More than two. Sorry, more than two.
Jeff
Gender.
Chip
I think there is male and female, and the rest probably is a social construct.
Jeff
So this is something that went too far.
Chip
But does that justify selling out the.
Jeff
People of Ukraine who are on the.
Chip
Front lines dying to their freedom and.
Jeff
Their two genders, if that's what you're worried about.
Chip
Can I please finish my points? I'm sorry that it makes you. Makes you nervous.
Jeff
I'm really sorry for that.
Chip
Make me nervous. It makes me. I mean, these people were not prepared. They asked Gretchen, what's her name, Greton, what's the, the freaking governor? And she goes, I'm not really qualified to talk about pol. You know, foreign policy, but let me talk about foreign policy. And then she answered it anyway. I was like, I was like, what is wrong with you people? You people are just like dumber than wrong. I mean, they sent their real best over, didn't they, Jeff?
Jeff
Well, that's all they have. They don't have anybody else.
Chip
You know, it's just President's Day. You know what Trump was doing on President's Day? I don't know if anyone saw this video yet. Check this out. So there's Hillary and there's Brock. Give him a shave.
Jeff
Make them shine.
Chip
Shine his shoes. Missed a spot.
Jeff
There you go. Much better.
Chip
They are Alexandria Casio Cortez and Amala Damalo. Ding dong for Obama. So that's what he was doing on President's Day. Nobody really, I don't think anybody knew that. But yeah, it's pretty amazing that that's what he was doing.
Jeff
And this woman, many liberals. Fem start his bar dinners reference. Whoopi Goldberg is Guinan in Star Trek. There you go.
Chip
Good point. That's a hell of a reference, man. You. You did not see that. You brought that round trip, man. You came back. Holy cow. How about this political refugee right here, Jeff? Not be able to tell from looking.
Jeff
At me, but I am also a political refugee.
Chip
I escaped from the People's Republic of New York.
Jeff
I think we have some New Yorkers in here.
Chip
Woo.
Jeff
Yeah, you know that gay Muslim they're all obsessed with up there? Barack obama.
Chip
Jeez, You gotta love it, man. And, yeah, I wanted to check out. So someone was imagining what Keir Starmer would be doing in 2035. And this is the video. Jeff. Check this out, everyone.
Jeff
It's Kier here, just out for a stroll in good old London. Or should I say London is Stand, as we like to call it these days. Look, it's 2035 and let me tell you, things have really turned around in recent years. First off, let's be honest, things have never looked better. We finally ditched all that messy liberal nonsense and embraced the something that actually works. Order, clarity and a bit of backbone. Allahu Akbar. Comrades, I'm walking down what used to be Oxford Street. Now it's all halal markets and prayer calls five times a day. Keeps everyone on their toes. Anyway, thought I'd pop on this live to chat about how brilliant life is under Sharia.
Chip
So we actually had to get rid.
Jeff
Of all the impure animals. That meant no more dogs and, well, no more Jews either. The dogs are a bit emotional for some, I'll give you that.
Chip
People really love their spaniels.
Jeff
The Jews.
Chip
Europe was literally street partying, fireworks, champagne, winter blast.
Jeff
Now, let's be clear about the benefits for families. Take Grooming Mondays, for example. Every week, the Authority would pop round and while you hand over your daughters, have a bit of culture exchange. The local lads.
Chip
It's all very organized.
Jeff
No fuss, no muss. Like my old friend Epstein used to say, the younger they are, the better their ability to master new material, if you know what I mean. Sure, some folks grumbled at first, but.
Chip
What can you do?
Jeff
We don't want to offend anyone's feelings, do we? Make them feel unwelcome in their own camp. Caliphate? Nah, that'd be rude. And honestly, it's brought families closer. Fewer mouths to feed at home, more time for prayer and women in general, finely sorted. We can officially give them a slap when needed and have four wives, if you fancy. Turns out blokes love it. Women know their place now.
Chip
No more argue about equality, peace in.
Jeff
The home at last.
Chip
Social Media sorted.
Jeff
Too one dodgy post too many. I gone double down, hand chopped, extreme sure effective. 100% percent. That's why Islam really is the most peaceful religion going. It doesn't flap its gums about peace, it actually makes it happen. And guess what? Islamophobia gone poof.
Chip
No more awkward conversations at the pub.
Jeff
Well, no more pubs actually, but that's beside the point.
Chip
We're all in it together.
Jeff
Reciting the Quran at breakfast builds community spirit, doesn't it? Anyway, that's life in 2035. If you're enjoying these little updates from the Caliphate of London, smash that subscribe button and I'll you see. See you in the next video.
Chip
Yikes. Looks horrible.
Jeff
Doesn't it stand, London? Oh my God.
Chip
A couple sneezes tonight, man. A couple of sneezes.
Jeff
Woo. Scary stuff, London.
Chip
Stan and let's this guy wanted to chime in about voter id. He's making a lot of sense here, by the way. So is it me or is the.
Jeff
Whole voter ID conversation stupid?
Chip
Yes.
Jeff
Chuck Schumer last week said that voter ID is Jim Crow 2.0. So he's suggesting that it's racist. Now, being as though we live in a society where ideas required for so many different things, why is it only problematic or racist in regards to voting? And why do black people keep allowing them to suggest that you're too dumb and too poor and too incapable and too goddamn stupid to go down to your local DMV and get an ID or a driver's license? So if voter ID is racist, then asking for ID at the bank has to be racist.
Chip
Also, because you need an ID to.
Jeff
Open a bank account. You need an ID to enroll your.
Chip
Children in school and daycare.
Jeff
You need an I.D.
Chip
When you get a new job, employers ask for I.D. from new hires.
Jeff
You need an I.D. to sign up for welfare, you need an I.D. to get on a plane, you need I.D. to walk inside of a federal building. And it's a million other things that there are ID requirements for. Why is it that voting is the only thing this is, the only argument that they can make is that voter ID is racist. That's how you know it's. If ID is racist, then get rid of ID across the board, then.
Chip
Yep, makes sense, right? That's because they want illegals to vote. They get issued five and a half million Social Security numbers to illegals. And then you had in the state of California, anybody can get a driver's license. You know, this should prove that you're an American citizen. What do you think that's. For once they clamped out on that? It's over, man. It's over.
Jeff
It's all about voting for the illegals.
Chip
That's all it's about. I mean, it's, it's not even transparent. It's super obvious what they're actually doing.
Jeff
Well, it's all in your face.
Chip
We got one more video before we get out of here, Jeff. I like this one.
Jeff
Into the 130.
Chip
We'll do this by the guy that's.
Jeff
Been in the arena for 10 years for MAGA, for America. Standing by the man that took a bullet. Stand by the man that was impeached twice. Stand by the dude that was facing three different court cases and over a thousand years in prison. I'm standing with the guy that had his house raided illegally. I'm standing with the man that went back out in front of America just days after being shot. And I don't feel bad about it.
Chip
I don't need to explain it.
Jeff
I don't need to rationalize it. He's earned my loyalty and respect as a man and as a constituent.
Chip
And I don't need to argue with you. This is why I don't argue on social media. You guys just see me nuke people.
Jeff
You say, stupid, gone. I don't need to push back and validate myself. It's self evident. Donald Trump is a self evident defense. Why do you support Trump?
Chip
Because I've been paying attention for a decade.
Jeff
You. That's why. That's all the explanation you need. You don't have to get into the minutia and the policy discussions with these cunts. These people, they haven't sacrificed a thing. They've all made money and change and, and made wealth off of his courage. Do you understand?
Chip
So them, anybody that asks you why.
Jeff
You support Trump or anybody that tries.
Chip
To get you to leave and abandon.
Jeff
Him now, they don't deserve even one.
Chip
Ounce of your energy. It's Trump, it's maga.
Jeff
That's the future of the country, full stop.
Chip
The end.
Jeff
Nothing else needs to be said.
Chip
That's Brandon Dilly. Given that report. Gotta love it, man. Gots to love it.
Jeff
It's awesome.
Chip
Rod says I won Yeti542 on August 3rd. I can see it, but I can't claim it. I don't know about that.
Jeff
I don't know. It's gone. It's not in our. It's not in our possession.
Chip
If you can see it, then you have claimed it because we don't have it. Anymore.
Jeff
It's gone. Let's see who owns it.
Chip
Document Scrooge. Yeah, I like that. 20, 28, 20.
Jeff
A nice combo.
Chip
Yeah, it's great. Send it to your friends who don't like Trump. They'll especially like it. You can.
Jeff
Oh, is that a white. White tribe.
Chip
Who knows?
Jeff
What number was it? 542.
Chip
542. Yeah. You see it in there?
Jeff
5 42. It doesn't exist.
Chip
Yeah, that was not in my list.
Jeff
Maybe it's a blue.
Chip
Must be on your side then.
Jeff
And I'm looking at the blue, but I don't even see it in our list. That's why I gotta go to.
Chip
I gotta go Yetis tonight. No Yetis tonight. We're actually. We gotta replenish our yetis.
Jeff
We need to replenish our giveaway reserve or giveaway supply. Let me see. Blues, 542. No, wait. I'm in blue. You sure it's 542?
Chip
Saying it's 542. Check the number Rod to make sure what that number would be. What is the number? What is the number? What is the number? Don't know. I didn't look new.
Jeff
I'm looking through the. The blues and the whites. Let's see if I can find in the white tribe. I don't find it in white tribe or blue tribe.542 doesn't even come up. That's weird. I have 12, 28 that was given away.
Chip
We don't see it. So. I don't know.
Jeff
Crazy. That's crazy. No 542 at all. I don't understand. I mean, we have to have a 542, but.
Chip
Maybe, but go looking. Do you see it hanging out in there?
Jeff
Well, it doesn't mean we. No, it doesn't mean we've minted it. It hasn't been minted yet. Oh, there has to be one. But we haven't minted any 542s. We don't have any 542s. But let me look. Let me look out there in the ecosystem of the XRP Cafe. This is a good problem to check. Let's see.
Chip
Breaking. Russia just offered The United States 12 trillion in deals in exchange to drop the sanctions.
Jeff
Huh.
Chip
How about that?
Jeff
Doing their whites first.
Chip
Yep.
Jeff
Well, anyway, 5:42, let's put them in order. Low to high. A to Z. A to Z. Here we go. 5:42. There is no. There is no 542 minted for the white tribe.
Chip
What about the blue tribe?
Jeff
Going to the blues. To the blue Tribe. Let's go to the blue Tribe.
Chip
We need to get out of here. We'll check it out. We'll get to you next time around. 542, the lost elder.
Jeff
Oh, there's 453, but 453 actually was.
Chip
Somebody has it, though. Somebody has a 589.
Jeff
What was the number again?
Chip
No Yeti tonight. That's correct.
Jeff
What was the number?
Chip
542.
Jeff
Okay, I'm getting there. Hang on.
Chip
So we don't have it.
Jeff
Oh, Was there a 589? Let's see.
Chip
There was a 589, but I think. I think somebody has it.
Jeff
Let's see.
Chip
I think we gave away 589 back in the day.
Jeff
We might have. That would have been a cool gift.
Chip
We don't even have. We don't even have one of these for ourselves. We have none. We have no Yetis.
Jeff
Well, once we. We have a few, it's almost completely 100% minted out. We gave everything away. We. We had our own stockpile and then we ended up giving them away.
Chip
Gave them all away. We have nothing. We have nothing, man.
Jeff
We need some yetis. We gotta go buy some, so. Gotta go mint some.542 is here. It was five.
Chip
42 said he wanted on August 3rd. Go back to the sheet on August 3rd. He put the date in there. See if that's the right number. He says he sees it, but he can't claim it, which is odd.
Jeff
I see a 542 token ID trying to see when it was transferred. Let me see. Issuer. Oh, great. I don't want to see the issuer. I want to see the transaction. All right, there's the token id.
Chip
We'll figure it out. Guys, while we're figuring out, we're going to get out of here because time.
Jeff
We might get out of here.
Chip
It's time to move on.
Jeff
42 guys.
Chip
On the next one. Chip and Jeff. Oh.
Jeff
Are you down with OTC?
Chip
Please, like subscribe and click the bell.
Jeff
To be notified when the next video drops.
On The Chain—Blockchain and Cryptocurrency News + Opinion
Date: February 19, 2026
Hosts: Chip & Jeff
This episode tackles the question: Has Ripple "flipped the switch" on the XRP ecosystem, pushing it decisively into a new institutional phase? The hosts examine the latest developments within Ripple and the XRP Ledger (XRPL), recent regulatory and compliance changes, institutional product rollouts, and how these build credibility well beyond pure speculation, especially as geopolitical and macroeconomic currents shift. The conversation weaves fast-moving XRP news with spirited commentary on US/regional politics, economic migration, and the evolving crypto landscape.
Institutional Expansion on XRPL:
"It’s not just about price, about infrastructure. This is compliance. This is institutional-grade access." — Chip (00:54)
Brad Garlinghouse’s Take:
“When Brad Garlinghouse was asked about flipping the switch, he said he’d love to. He just said there’s a lot of switches to flip first.” — Chip (02:23)
Legislation Progress:
Geopolitical/Economic Context:
XLS-81 Amendment:
“Compliance-first DeFi... This is where David Schwartz said Defi is going to replace TradFi, and it’s coming." — Chip (11:36)
IRL Utility Outpaces Hype:
Speculation vs. Adoption:
“Until they start building with it, you can pass whatever amendments you want, it doesn’t matter…Now that it’s being used, that changes the game.” — Jeff (12:44)
Yield Opportunities:
Coinbase Lending & Risks:
“It’s volatile…and you could get liquidated in a horrible flash crash. Nobody really wants that.” — Chip (27:02)
Grayscale on XRP’s Community:
US Politics & Crypto:
Migration of Wealth/Companies:
“Imagine living in the Netherlands…now passing a law you’ll get taxed on unrealized gains. Imagine!” — Jeff (51:01)
The hosts balance in-depth, fact-based XRP/blockchain analysis with raucous, meme-heavy, highly opinionated political and cultural commentary. Their style: unfiltered, at times irreverent, heavily community-focused, and steeped in the digital asset “mainstreet” ethos. Quotes and anecdotes—pulled directly from the discourse and news cycle—keep the episode lively and grounded in the community’s real concerns.
End of Summary