NATO Flips, Trump Takes the Arctic | XRP & Bitcoin Buy the Dip?

Summary

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On The Chain Podcast Summary

Episode: NATO Flips, Trump Takes the Arctic | XRP & Bitcoin Buy the Dip?
Date: January 22, 2026
Hosts: Chip & Jeff

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Main Theme & Purpose

This episode examines sweeping shifts in geopolitics—especially NATO’s changing alignment with Trump’s Arctic policies—alongside critical updates and opinions surrounding cryptocurrency regulation (with a focus on XRP and broader crypto markets). The hosts connect global power shifts, market reactions, and the digital asset landscape, blending sharp critique, irreverent banter, and insider insights for both crypto novices and veterans.

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Key Discussion Points & Insights

1. NATO’s Shift and Arctic Geopolitics

• The show opens with hosts Chip and Jeff highlighting “something snapped” at Davos: NATO’s rhetoric now mirrors Trump’s previous positions, with a sudden focus on the Arctic as a top strategic asset ([00:01]–[00:48]).
  • Quote (Chip, 00:20): “It isn’t speculation anymore; it seems to be happening in public. Davos is admitting failure, kind of. Banks are getting exposed, sort of, and the old rules are breaking.”
  • Trump’s calls for Arctic defense and economic sovereignty, once dismissed, are now mainstream, indicating a dramatic shift in global power alignment.
  • NATO has officially prioritized Arctic security, linking US, Canadian, Scandinavian, and European interests against Russian and Chinese influence ([71:45]–[74:38]).

2. Davos, Globalist Narrative, & European Weaknesses

• Davos’ globalist model is critiqued as having failed Western workers, especially amid Europe’s energy and tech dependency ([39:33]–[41:49]).
  • Mark Root: “Globalization has failed the west and the United States of America... It has left America behind. It has left the American workers behind.”
• The European Union is called out for ceding sovereignty to unelected bureaucrats and virtue-signaling policies, especially on energy, trade, and migration ([60:23]–[63:38]).

3. Crypto Regulatory Clarity & US Political Shift

• Regulatory uncertainty is a central theme:
  • Patrick Witt (live at Swell) remarks, “No bill is better than a bad bill. What a privilege... thanks to President Trump’s victory and the pro crypto administration he has assembled.” ([05:04])
  • Ripple CEO Brad Garlinghouse and Coinbase’s Brian Armstrong stress the urgency of a regulatory framework—better to compromise now than risk harsher “Dodd-Frank”-style responses under a future Democratic administration ([04:57]–[07:16]; [18:51]–[19:51]).
  • Garlinghouse: “Clarity over chaos... What we need is a clear framework allowing innovation to flourish.”

4. Tokenization, Stablecoins, and Financial System Risks

• WEF sessions discussed the explosive growth in tokenized assets and stablecoins ([14:36]–[23:51]).
  • Garlinghouse notes 2,200% growth in tokenized assets on XRP Ledger; Armstrong calls stablecoins “the first poster child of tokenization.”
    • Key Statistic: Stablecoin transactions increased from $19T (2024) to $33T (2025) ([15:15]).
• Debate: Tokenization should drive efficiency and access—not just “science experiments.” Regulation and innovation are not enemies; balance is needed to avoid stifling both ([09:01]–[11:53]).
• Banks fear outflows to stablecoins; pending regulation could lead to massive institutional entry into crypto ([20:09]–[21:28]).

5. XRP, RLUSD, and Crypto Product Development

• Ripple’s new stablecoin RLUSD is now live on Binance (Ethereum network; XRPL soon) ([13:01]).
  • Garlinghouse (via “extremely” coded tweet): “Extremely positive to see RLUSD listed on Binance...” highlighting XRP’s centrality to Ripple tech ([13:38]).
• Hosts riff on the significance, hidden meanings, and regulatory implications of these product launches.

6. ETFs, Mainstream Adoption & Generational Finance

• Debate over the role of crypto ETFs (“for boomers?”) as a bridge product for mainstream/retirement investors. ETFs are seen as essential for bringing 401k and Main Street money into crypto—crucial for broader adoption beyond the crypto-native crowd ([24:12]–[30:53]).
• Gen X gets their due as the real drivers of investing, not the boomers ([25:04]–[25:40]).
• Banks aren’t going away—they provide trusted layers, but will be forced to shed inefficiency and embrace tokenization ([25:04]–[28:24]).

7. Geopolitical Tensions: Russia, Ukraine, and Western Responses

• European leaders at Davos expose deep divisions, with some claiming a united EU/NATO could deter Russia, others lambasting their own side’s ineffectiveness ([41:49]–[48:28]).
• Hosts are deeply skeptical of European narratives (“Are you stupid?”), noting EU’s inability to unite or project power, the farcical nature of supporting Ukraine, and the deep contradictions in EU rhetoric versus outcomes.
• The episode features pointed critiques of European energy policy (e.g. Germany shutting down nuclear plants), industry loss, and mass migration’s social costs ([50:50]–[51:11], [54:10]–[55:08]).

8. Argentina, El Salvador & The Resurgence of Sovereignty

• Argentina’s president Javier Milei gives a rousing speech at Davos championing liberty, Western values, and the American resurgence ([65:47]–[66:58]).
  • Quote (Milei): “The Americas will be the beacon of light that will once again illuminate the entire West... returning to the ideas of liberty.”
• Hosts see these new nationalist leaders as beacons for Western renewal, in contrast to Europe’s decline.

9. Trump “Zingers” and NATO’s Arctic Move

• Trump gets credit for warning Europe on energy/migration and making bold moves in Arctic security ([71:45]–[74:38]).
  • Quote (Trump): “We literally set up bases on Greenland for Denmark. We fought for Denmark… Without us, you’d all be speaking German.”
• NATO echoes Trump’s calls to defend the Arctic and negotiate “forever” security arrangements regarding Greenland—an overt assertion of American power.

10. Allegations, Corruption & Political Satire

• US political news: Ilhan Omar is under investigation for suspicious wealth gains ([84:45]–[85:44]), used by hosts as a satirical point on DC corruption.
• AI-generated parody clips lampoon Gavin Newsom and other political figures ([83:05], [84:02]), emblematic of the show’s irreverent tone.

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Notable Quotes & Memorable Moments

• "NATO starts echoing Trump's position... you know that power is shifting fast, and they're acknowledging it." – Jeff, [00:32]
• "Volatility isn't random, it's a signal." – Chip, [00:48]
• "No bill is better than a bad bill. What a privilege... thanks to President Trump's victory and the pro-crypto administration he has assembled." – Patrick Witt (referenced by Chip), [05:04]
• "Clarity over chaos." – Brad Garlinghouse, [07:16]
• "If you want economic exposure... to a commercial building in Miami, and you have $10,000, you can't do that today. Tokenization can open that access." – Brad Garlinghouse, [22:52]
• "Globalization has failed the West… left America behind." – Mark Root, [39:33]
• "You're nobody. You run a central bank." – Chip on Christine Lagarde, [58:25]
• “This is a wakeup call… Europe must look at its strength, look at its weaknesses, do a big SWOT analysis...” – Christine Lagarde, [58:25]
• "Trump literally warned you... about energy dependence, unfair trade, loss of sovereignty, and the dangers of unchecked migration. You laughed... Now look at you—declining, divided, increasingly irrelevant..." – Chip (reading his social media post), [60:23]
• “The Americas will be the beacon of light that will once again illuminate the entire west… returning to the ideas of liberty.” – Javier Milei, [66:18]
• “We need to defend the Arctic... President Trump and other leaders are right.” – Mark Root, [71:45]
• “It’ll be forever for Greenland at this point. Forever.” – Trump, [73:48]
• “Are you stupid?” – Chip on EU leader commentary, [48:28]
• "Without us, you’d all be speaking German and perhaps a little Japanese..." – Trump, [70:19]

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Important Timestamps by Topic

• Opening, Theme, and Main Set Up: [00:01]–[01:18]
• NATO’s Flip & Global Power Shifts: [00:20]–[01:07]; [71:45]–[74:38]
• Patrick Witt & Pro-Crypto Bill Debate: [04:57]–[07:16]
• Ripple, RLUSD on Binance: [13:01]–[14:11]
• Tokenization and Regulation at WEF/Davos: [14:36]–[23:51]
• ETF Debate, Main Street & Bank/crypto Descriptions: [24:12]–[31:15]
• European/EU Leadership Critiques & Energy Policy: [39:33]–[55:08]
• Argentina/El Salvador Sovereignty Speeches: [65:47]–[66:58]
• Trump’s Zingers & Greenland/Arctic Policy: [69:08]–[74:38]
• Corruption Allegations (Ilhan Omar): [84:45]–[86:50]
• AI Parody & Show Wrap-up: [83:05]–[87:42]

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Tone & Style

The show blends sharp geopolitical commentary, crypto analysis, and irreverent, occasionally combative satire. Hosts Chip and Jeff move fluidly between hard-hitting financial analysis and pop-culture banter, maintaining energy and engagement with a “Main Street” sensibility.

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For Listeners

Whether you follow crypto, global politics, or just want unvarnished analysis from an American-first, pro-innovation stance, this episode bridges macro trends, market impacts, and the cultural currents driving both.

Summary Key:

• NATO’s Arctic realignment reflects Trump’s worldview overtaking globalist orthodoxy
• US crypto policy is on the verge of a regulatory breakthrough—now or never
• Tokenization, stablecoins, and ETFs are driving both institutional and retail pathways to crypto mass adoption
• Europe faces a slow-motion crisis of sovereignty, energy, and demography
• New nationalist voices in Latin America (and the US) may chart the next chapter for the West

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For a complete experience, key moments between [14:36]–[23:51] (tokenization at Davos) and [71:45]–[74:38] (NATO & Arctic policy) are essential listening.

Transcript

[Jeff]

And something just snapped. You know what it was? Davos, NATO, NATO, a bunch of gnats. That's what NATO's all about. Come on. NATO flipped. The globalist narratives have collapsed, and suddenly the Arctic is the most strategic real estate on this planet.

[Chip]

And it isn't speculation anymore. It seems to be happening in public. Davos is admitting failure, kind of. Banks are getting exposed, sort of, and the old rules are breaking, Jeff.

[Jeff]

That's right. And when NATO starts echoing Trump's position, you know, because Trump's always right, and the Arctic becomes a priority overnight, you know that this power is shifting fast, and they're acknowledging it. Trump was on the right side all along.

[Chip]

And when the power shifts, the markets react. Volatility isn't random, and it's a signal.

[Jeff]

That's right. So tonight we're going to connect all of the dots. Not the fanboy dots, but the real dots. Geopolitics, money, crypto, leverage, power, all the good stuff that we got to talk about and get into. It's all.

[Chip]

And also, we'll be asking that question that everybody's been thinking, is this chaos or is it opportunity? What do you say, Jeff? We get into it?

[Jeff]

Let's get into it.

[Chip]

To say we get into it. Let's go get into it. Welcome to on the Chain. Whoa, whoa, whoa, whoa. Here we are, Jeff. Here we are, guys. Where are you coming in from today? Are you. Shout out anybody coming in?

[Jeff]

Thumbs up who's.

[Chip]

Yeah, I would think Mark would be coming in from Dallas if I had to put my money on it. I'm just saying I had to.

[Mark Root]

Mark.

[Jeff]

Mark is a traveling feed, traveling fiend.

[Chip]

Traveling fiend is even here. Florida is here. Yes. In the house. Yes. Yes. Winning. Lots of winning.

[Jeff]

We're both wearing shades of blue.

[Chip]

We are blue.

[Jeff]

That's right.

[Chip]

Badass. That's a badass right there. It's an elder.

[Jeff]

Look at that elder. Look at that badass.

[Chip]

He's about ready to kick some. Hey, dudes. What's up, dude? Dudes, Poker mopes this evening from Edward. Edwardsville, Illinois. OTC Edwardsville. I don't know if I've ever heard of Edwardsville.

[Jeff]

Never been there.

[Chip]

Founded by Edward.

[Jeff]

I couldn't tell you where it is.

[Chip]

I could look it up on a map. I have no idea where it is, Jeff. Who knows?

[Jeff]

I'd probably Google it.

[Chip]

Probably.

[Jeff]

That'd be the easy button.

[Chip]

Can probably find it somewhere.

[Jeff]

Find it somewhere. Somehow.

[Chip]

Somehow.

[Jeff]

Right. Some way.

[Chip]

I'm tempted to look at it. I was wondering where it is? Is it Like Chicago bound, or is.

[Jeff]

It, is it kind of around the, the region of Chicago within like an hour? Is it a suburb just east of St. Louis? All right, there you go. Hear that?

[Chip]

Okay, so. Okay, here we go.

[Jeff]

John Doe coming in from Texas, got his Starlink up. I want to get a Starlink. Thinking of getting Starlink and then just going offline.

[Chip]

Oh, yeah, look at this. So if you look at Edwardsville here. Yeah, yeah. So I've actually clued in on Jeff. Right there. There it is right here.

[Jeff]

There it is right there.

[Chip]

Edwardsville.

[Jeff]

It's close to say it's a suburb of St. Louis.

[Chip]

There it is right there.

[Jeff]

Basically what it is.

[Chip]

Now if you kind of start moving on a little bit more, then you can kind of see where it is.

[Jeff]

If you redraw the map, then it's no longer in Illinois.

[Chip]

Spring. It's way, way, way, way, way, way, way.

[Jeff]

It's so far west. It's no long. It's in St. Louis, Missouri.

[Chip]

Yeah, look at that. Bam.

[Jeff]

It's in Missouri.

[Chip]

There it is. Okay, I'd say we get into it, Jeff, what do you say? Are you sure? We get into it.

[Jeff]

A lot of geopolitics, a lot of great news coming out of it. The tariffs ended. That's it. Trump said not all the terrorists. The new tariffs, he's. He said that's it.

[Chip]

Well, he just quit the new terrorists before they go into effect. But that doesn't mean anything.

[Jeff]

Which was going to come in a week. That is the art of the deal. Everyone watched the art of the deal kind of play.

[Chip]

And it's so funny. These guys, there's. They got no game. They're just so such losers. And, and that we gotta be strong. We gotta be the European Union. You guys sold your sovereignty out to some nut job nut b over there in Brussels. What are you talking about?

[Jeff]

The European Union.

[Chip]

Big dummies. Let's go to, let's start off with crypto. We're going to talk a little bit about Patrick Wit here now. Patrick Witt, I saw him on stage. I was sitting like three feet away from him at Swell. He was one of the speakers at Swell. He's the executive director of the President's Council of Advisors for Digital Assets, Deputy Director, Department of War Office and Strategic Capital.

[Jeff]

Yes, that's.

[Chip]

He gave a very good. For some reason, he kind of looks a little bit like Eric Trump. I don't know, he kind of has that sort of look to him.

[Jeff]

He actually does have that look.

[Chip]

When I saw him in person, I Was like, looks like. He looks like he'd be a long lost Trumper. I don't know. He just has that sort of. He's like, if you took Don Jr. And Eric Trump and put him together, you get Patrick Witt, you know, but he gave a really good speech. He was one of the earliest speakers. But he said, no bill is better than a bad bill. What a privilege to be able to say those words. Thanks to President Trump's victory and the pro crypto administration he has assembled. But let's not kid ourselves. There will be a crypto market structure bill. It's a question of when, not if. Assuming the multi trillion dollar industry will continue to operate indefinitely without a comprehensive regulatory framework. It's pure fantasy. So do we take advantage of this opportunity to pass a bill now with the pro crypto president, control of Congress, excellent regulators at the SEC and CFTC to write the rules, or. And a healthy industry? Or do we fumble the ball and allow the Democrats to write punitive language in the wake of future financial crisis, otherwise known as Dodd Frank, which was a total disaster. You might not love every part of the Clarity act, but I can guarantee you'll hate a future Dem version even more. Let's keep working to improve the product, recognizing that compromises will need to be made in order to get 60 votes in the Senate. But let's not let perfect be the enemy of good. Now, it's funny because it sounds very similar to what Brad Garlinghouse has been saying. And of course, Jeff, there's Brett Garlinghouse commenting on it. There he is. He says, let's not be the enemy of good. This is right. This right here is the key. No piece of legislation has ever been perfect by anyone's standards or everyone's standards. What we need is a clear framework allowing innovation to flourish. Exactly what market structure will deliver. I'll keep saying it, even if others disagree. Clarity over chaos. And he's really indirectly referring to Charles Hoskinson, who was beating the desk. Oh, he's letting Elizabeth Warren write the bill. Boom, boom. Oh, what is this stuff? You see? He's going off like a child. First of all, it was all over my feed. Charles Hodgkins. But you know who doesn't have a seat at the table? Charlie. Charlie the bitching complainer guy. You don't have a seat at the table.

[Jeff]

I have a seat at the table. He's doing nothing. He's bitching and moaning.

[Chip]

He says he doesn't like X anymore because there's too many bots. And too many people criticizing him. I'm like, please, dude, who looks like a leader here, huh?

[Jeff]

Where's it gonna go? Doesn't like X go to Truth Social.

[Chip]

I don't know where he's going. I don't think he's going anywhere. But he says because he streams using stream yard it still goes over to X. So that's what he was.

[Jeff]

Oh yeah, he streams in X though.

[Chip]

That's what he was saying, Jeff. That's kind of what is. What is what his thing was. He was kind of like, well, you know.

[Jeff]

Yes, the kid, the kid's table out back.

[Chip]

That's where the famous kids table.

[Jeff]

Jeff, the kid stable wef.

[Chip]

One of the things they had which was pretty good actually I saw part of it. I didn't get to see the whole thing. There's too much stuff going on. Davos. But this one session they had which was is tokenization the future. They had CNBC interviewing Brian Armstrong at Coinbase. Garlinghouse was in there. Valerie Urbane from the the Euro Clear Group, Francois Villeroy Digital bank, bank of France and then Bill Winters who's the withstand charge. They have this pretty good panel they were talking about. Garlinghouse said, you know, spirited dialogue. Spirited always like no fighting, no disagreements. Spirited. Jeff was spirited during today's WEF session to say the least. But one important point of agreement. Hang on a second, put this up here. One port important of agreement across the panelists was that innovation regulation are not on opposite sides. And I firmly believe this is the moment to use crypto and blockchain technology to it. Yeah. Enable economic access for a more efficient, more scalable and utility focused global financial system. What are your thoughts on that?

[Jeff]

Very interesting. Especially waf that is tokenization in the future. So you have, you have to have, you have to have dialogue. It'd be good if we tuned in a little bit, you know, to what was going on over there. I know there were probably some voices which were probably against it. You know, I didn't watch any of it. But just listening to what are reading here, spirited then, you know, there were two sides. You know, there were some major clashes because of the spirited dialogue. So there is definitely some tension. But the one point of agreement is that you know this innovation regulation have to go hand in hand because if you have no regulation, it's hard to innovate when you're at fear of being shut down then having punitive damages. If you have overzealous regulation, there's no innovation. So you definitely have to have A happy balance. But the one thing is clear, if you are going to have regulatory guidance put together, go to the experts. Don't turn to the. The people that have zero knowledge of cryptocurrency or, you know, date back about 80 to 100 years in their knowledge base and they haven't advanced much. So make sure that we're putting the right foot forward that I don't. I don't know, you know, a lot of those. It's interesting because we could say a lot of things about some of the European leadership. However, you know, if we look at some of the regulatory framework that happened with the FCA over in the UK or then if you get into Asia, go to Singapore, go through the Middle east, you go to other countries, you're like, wow, these guys are putting forth some regulatory clarity. I don't even know how they made it happen with these idiots that are running their countries. And then we come over here and we're like, oh, we go. We tread slow, slow and steady. But we have a political fight and tension right now. So Garlinghouse said, wef think about what's going on here. The fraud and corruption and the zealousness of the left. You know, where they're trying to. They're getting shut down and kneecapped at every direction. They're trying to siphon every last possible dollar. They don't want the people to have the money, so they're going to try to delay and drag out crypto regulatory clarity as long as they can possibly do it so they can find a way to cheat and fraud, defraud the system. Whereas here you have the capitalists. Conservatives are like, yeah, let's figure this out. We want transparency, we want decentralization. You have to have law and order. You have to have rules, and we have to abide by the rules. We need borders, we need sovereignty, and we need to be innovative. We have to be leaders in this global economic system. And that's the truth. The left, they want anarchy, chaos. Government first, people last, illegals first. It's chaos, right? So I took a lot out of what Brad Garlinghouse said there too. It wasn't such an easy statement. There was a lot packed into it, a lot of emotion and tension all built into one.

[Chip]

Well, you know, they. You have to be. You have to kind of like, if you got to see the table, look, what you say publicly, what I like about what Brad does, he's publicly smooth, which he's doing behind the scenes. I hate this. But he gets out there and Starts yapping like, this is the worst thing. Sounds like Brian Armstrong, by the way, Brian Armstrong bent that knee faster than you can say hello. They were like, the SEC came after him, he bent the knee and then he appeased them and then he got fined anyway. And then Ripple cleared the whole field because they went up against the S. Big bad SEC one and now they made it acceptable. Now that we got a pro crypto SEC and cftc, all of a sudden Brian Armstrong's like, look at me, I'm gonna be. I'm gonna start yelling.

[Jeff]

He said, don't put that in a vacuum, though. Remember what the mistake Brian Armstrong made at the time they took Coinbase public. And so as soon, remember, he came out aggressive and the next day they shut him down. You know, he was sat down with the board and the attorneys said, you want to keep leading this company back down, otherwise you're out. Keep your mouth shut.

[Chip]

So he had a better.

[Jeff]

You're now a public company.

[Chip]

But now he's beating the chest and.

[Jeff]

Now he's able to come back out.

[Chip]

He's the purveyor, he's the pur of truth, you know? Yeah. Another news ripple. Rlusd Ripple USD is going to be on Binance. It's officially listed on Binance, supported on Ethereum with XRPL coming soon. This is pretty huge.

[Jeff]

That's big.

[Chip]

Cool that it's, you know, it's big. Obviously, if you have, if you're on finance, you can't get it for the XRPL yet, but it's coming. But the cool thing is, you know, Ethereum's got way more adoption, so I think from that point it makes sense. And then Garlinghouse commented on this extremely. See what he did there? You read the X, the R and the P?

[Jeff]

Yes.

[Chip]

Extremely positive to see R.L. uSD listed on Binance. He's sending secret codes here, Jeff X. I see that.

[Jeff]

That's. Unpack that P.

[Chip]

He's basically saying that RLUSD relies on xrp. He's trying to show that it's the center of everything they do. They've said this time and time again, but you can see it. I like that though. It took some, took some, some thought to actually do that. And how many people missed it? Like, oh, you had some weird capitalizations in here. Oh, no.

[Jeff]

Where'S this 589? That's what I want to see.

[Chip]

That's what I want to see. 589. 589.

[Jeff]

It needs to get 589, 000 views and shut it down.

[Chip]

Well, we don't have, we don't have all the, we don't have all the clips from Garlinghouse, but we do have two clips here. One of them has to do with tokenization. The other one is kind of getting to the point of what we just kind of covered here, which is really more about the whole clarity issue. So let's take a look at these ones. We'll pick this one first.

[Jeff]

Clarity.

[Chip]

I didn't watch the whole clip because I like to watch them live and kind of give feedback. But just the beginning of it. Like, I thought she was almost on speed or something. I'm like, first I was like, is she speaking English? What is she saying, Jeff?

[Jeff]

I don't know.

[Chip]

She's talking so fast. She was so excited. I'm like, what's going on with this? I mean, what's up? I don't know.

[Jeff]

Probably.

[Chip]

She got super excited to talk to Brad. Look at this, Brad. On that note, there are lots of sound bites there, lots of responses. You've already seen the momentum. First up, tokenized assets on Ripple's XRP Ledger surged over 2,200%. Brad's like, what the. You.

[Jeff]

How do you keep up with that?

[Chip]

He's got that face like, I hope I understand the question and I hope I can give a response. No, you know that thing when you're. Look at the little guy jet lag.

[Jeff]

And I've got a little jet lag.

[Chip]

And I'm trying to keep up for you people listening. He's got this weird thing where you almost, you know, puff out your, your, your, your, your face with air and. But you kind of like that constipation look on your face.

[Jeff]

Yeah.

[Chip]

Surged over 2, 200 last year. Just weigh in from your perspective.

[Brian Armstrong]

Well, I think I agree with a lot of what was said here. You know, I, I do think the, the first poster child of tokenization is really stablecoins. You saw, as Brian observed, you know, massive growth last year. I think, you know, went from. In 2024, $19 trillion of transactions on stablecoins last year. In 2025 is 33 trillion. So about 75% growth. I think many in our industry would say that's going to continue. I think to the extent there's space between what Brian was just talking about and how I think about the bitcoin. Bitcoin idea. Bitcoin standard, I look at that and I think it's much more of the marriage sovereignty of fiat currencies, I believe is for many countries, sacrosanct Ben Bernanke spoke at a Ripple event many years ago, and he made the point that governments will roll tanks into the street for giving up monetary supply, giving up the control of monetary supply, which stuck with me as, yeah, that makes sense. And so. So at Ripple, we very much focus on building the bridges between traditional finance, as Bill was describing, what we now call tradfi, and decentralized finance. And that has meant working with a lot of the banks around the world to kind of build those bridges.

[Chip]

Governor, you have to address this. Is the euro in danger from a bitcoin standard?

[European Official]

No, I'm skeptical. Brian.

[Chip]

Sorry to say it about this idea of the bitcoin standard.

[European Official]

We left gold standard, but the gold was only a technical mean. What is important is what you say, but that monetary policy and money is part of sovereignty and we live in democracies and I think the public rule.

[Brian Armstrong]

Is key limit of trust.

[Chip]

But there's also an element of momentum. We're seeing it in terms of the swing away to gold, which is now just a momentum trade as trust is eroded. Brad, you want to come in on this and the element of trust?

[Brian Armstrong]

Well, I certainly think momentum is a big part of this. And I think, you know, frankly, I personally think the crypto environment and stablecoins included, even tokenization momentum is so much on our side of that direction. And that's partly because you're seeing the US the largest economy in the world, has been pretty openly hostile towards facets of crypto and blockchain technologies. And that has shifted dramatically, you know, starting with the White House. But certainly, you know, the work that the industry based in the US has come together and helped elect a much more pro crypto, pro innovation Congress. And you're seeing that play out. So I think momentum is a big part of this and, you know, continuing to make sure that we're playing into that in a nice way, but also demonstrating real results. Because look, if this is just hype, you know, I think part of the tokenization topic, the main topic today, part of that is like, we shouldn't tokenize everything. Just to tokenize something, there has to be a positive outcome of efficiency or transparency or, you know, some of the root benefits of being tokenized. Otherwise it's just like, okay, it's nice science experiment.

[Chip]

I'm surprised. Not in some democratization of the market. To me, that's typically the argument when we have some sort of innovative approach to an asset class. Brad, come in on this because you're the innovator in the room but you also believe in regulation.

[Brian Armstrong]

Yeah, I think what's going on in the US right now is a classic.

[Chip]

Did you like that? You're the innovator in the room. Risky.

[Jeff]

Is it risky?

[Brian Armstrong]

Is it risky?

[Chip]

It was a little bit of slight there, wasn't it? To Brian Armstrong. Keep your. Yeah, it was. I know Armstrong's pissed right now. He's like fuming. It's got the big giant head of.

[Brian Armstrong]

His dynamic of when you create new law it's never going to be perfect. And you know, I think what's the dynamic within the industry and working with Congress has been kind of. I subscribe to the idea that perfection is the enemy of good and you can't get to perfection. And so I think Brian's exactly right. We are as close as we've ever been in providing that clarity. As some in the room probably know, Ripple lived through a five year battle with the US government being sued because of the lack of clarity. So we are very much an advocate of clarity is better than chaos. So I think Brian's right. We are very close.

[Chip]

I don't know if we would side rewards, dividends, interest. Is it necessary on stablecoins?

[Brian Armstrong]

You know, I mean Ripple doesn't have as much of a dog in that fight as others in the industry.

[Chip]

And Brian, don't name them as others. Winkity winks, you know what I mean?

[Jeff]

It's like as others that are here, this is great.

[Chip]

What's not being said? There's so much that's not being said that's like so obvious. Like what does he care? Right? He's not the end user. They're institutional. As long as they get clarity, they really don't. I mean Ripple doesn't really care as much. And the whole idea the banks care is because of the, the whole idea of the, the, you know, the outflows, right. So everyone's gonna pile. You're gonna, basically you're going to keep your money in a bank and then over a week at, you know, they keep your money and they make all this money on your money. You can't quite get it out. Sometimes, sometimes if you need to take too much out or in 10k, you gotta let them know. And then. Yeah, because they're, they're using your money in the background and making money on it and that all those outflows, Jeff, will just crush banks. Just crush them. So that's why the banks are holding on this. They know everybody's just gonna bail and go right this. They put all their money in the Stable coins. But I, you know, one of the things, one of the really important points that David Sacks made, I don't have that video, but I watched the video where he said, look, once this, once this bill is passed, you're going to see all the banks get into crypto heavily. They're going to pile into it because now it's going to be clean for them. So is it a conversation that important? Because they could ultimately change that or they could have their own sort of yield on that. It's not how they make money but they want to be able to compete and they got to figure out other ways to make money.

[Jeff]

So yeah.

[Chip]

Yep.

[Brian Armstrong]

So we, you know, there's others that have stronger opinions. It doesn't directly affect Ripple's business as much. I agree in some ways that like look, competition is good and I agree very much the idea of level playing field. Now I also think a level playing field goes two ways in that crypto companies should be held to standards that banks are and banks should be held the standards the crypto companies are in order to, to compete. So I don't think that's a one way street that somehow team crypto gets to have, you know, a certain pass. In some ways that one for you?

[Mark Root]

Sure.

[Brian Armstrong]

I'll comment briefly. Not all layer 1 blockchains are created equal. Some use, as you're describing, proof of work, some use proof of stake, some use other consensus models. So I wouldn't uniformly put all of the kind of blockchain infrastructure in kind of one power lens. And so I don't think it's as big as a deal. And what you're seeing is most of the activity of stablecoins today is on more power efficient blockchains. These proof of stake or a consensus mechanism just to add to that proof of stake uses 99.9% less energy than proof of work, which most of the tokenization is happening on. Ethereum blockchain which uses proof of stake.

[Chip]

Touch on that, does it? Yeah. Thanks Brian. But nobody asked you. More speculation in asset classes. And where does that leave the average owner?

[Brian Armstrong]

Well, you're, you're choosing the word speculation. I subscribed to Brian Armstrong's comment earlier of like opening up investment access and investment versus speculation. I put it in kind of two different buckets. They both have a purpose, they both have active market participants. But I think think the opportunity around tokenization for certain verticals is in fact the democratization of access to investment. Less on the speculation side, I don't know enough about Trump's decision to make steps towards banning institutional investment and residential real estate. To comment there. But I do think if you want economic exposure, investment, exposure to a commercial building in Miami, and you have, you know, US$10,000, you can't do that today. And I think opening that up, and I know Brian's example is even better because it's the many billions of adults who don't have any access that, you know, my example is not perfect for.

[Jeff]

That, but at this point, that's so spot on. So spot on.

[Chip]

Crypto.

[Jeff]

Well, was asking, and this should go over to Brad, but since he's not here, we'll answer that. What? Why do you want banks into crypto? I got into crypto because I hate banks. Even ETFs are a big mistake, in my opinion.

[Chip]

Dude, ETFs, are you kidding me? You got to remember that. You got to meet people where they are people. There's people that piled into ETFs. Maybe some of them hold crypto, but I would probably venture to say a lot of them do not. And so creating these ETFs is a really good thing, you know? And, Jeff, you know, you're dabbling in ETFs, I'm dabbling in ETFs. You know, it's. I think it's a great thing, and I think that it really makes a new product out of something for the traditional finance side of the house, that it's not crypto. You're not putting it on a wallet. Right. But you can see that. You can see the price go up and down, and it's an investment opportunity. So I think ETFs are huge. That wouldn't be my. I can understand from a traditional standpoint you might feel that way. I certainly don't feel that way, but. And when I think about banks, Jeff, you can kind of hit that one first about banks, but I have an opinion on that, too. Yep.

[Jeff]

So elian is saying ETFs are for boomers. Why is it that everyone forgot about Gen X? Gen X is like we're the silent generation that everyone's afraid of, so they just skip over Gen X. If you mentioned Gen X, you might be eating.

[Chip]

You know, Gen X are the ones saving, are the ones thinking about one day retirement investment. The boomers already. The boomers already. You're talking boomers are 62 to 80, right? Boomers aren't into ETFs, bro. I hate to. I hate to break that to you. The boomers aren't into ATF's, right? Yeah.

[Jeff]

The majority, I would say the majority, they're already on the, on the tail end. And then you've got, yeah, and then the Gen X for sure are looking at ETFs, stock portfolios, things like that. But the other part, you know, the whole point of the bank is that, you know, we got to get to Main street, forget about the crypto people because crypto people are crypto people. We've reached out to the vast majority already and they don't move the market enough. There's enough speculative speculation to move the market where it's at now to get full fledged adoption from Main Street. You got to bring it to regular product. So, so at this point, what is that? What is regular product within the banking ecosystem? Because that's where everybody is. There's no way at this point in time today we're not, we don't have the infrastructure to say, hey, I'm going to put my money in crypto and I'm going to buy everything with crypto and I'm going to get my mortgage in crypto, I'm going to get my car, lease and loans in crypto and I'm going to get all this stuff with crypto platforms because they don't exist right now that can support that kind of fundamental. Now Ripple is doing some interesting things with institutions which happen to be banks because they understood early on that banks aren't going anywhere. And the reason why banks are so vital to the infrastructure is because they provide a layer of security to the people. Now the bank will fundamentally change because AI, because blockchain, because, because decentralization is going to erode, eradicate the need for all the fat, all the people that are involved in the banking infrastructure that are counting the dollars and cents to audit and do everything that has to be done and all the money that's wasted within the banking ecosystem that have to pay. All of this, more than that is also going to be. Once you get rid of the cost of operation, then interest rates can go down. But the banking structure does need some clarity in terms of transparency and then it also goes back to the Fed. So if the Fed is manipulating, controlling the outcome, the banking systems are, are also subservient somewhat to, you know, government regulatory, obviously not somewhat, but you know, but so there's other, all these aspects of it, but the whole, our whole global infrastructure, our whole country infrastructure economically relies on banks. So we can't, we're not anywhere near a position to that. Again, last point on that chip, it's all about Main street you get crypto to Main street, that's a, a bigger conversation. But we're, but we're getting there.

[Chip]

Alex is saying that bitcoin feels a little bit like a pyramid scheme in the sense that everyone's holding for the next fool to come in and push the price. How in the world can you use btc? Yeah, it might feel like that, but I mean we, we know that it's not. I've had people argue that bitcoin got in some drag out fights that saying bitcoin is a Ponzi scheme. Ponzi scheme relies on new money to pay old, you know, investors type of thing. And it's not necessarily like that. It can feel like that sometimes. But if you saw recently, within the last three months, half of all the Bitcoin moved. So 50 of all the bitcoin that's available in the system was turned over, which is pretty big because you don't see that happen with pretty many two assets. So that would be one of the counters that actually happened. So Gen X, he's Gen X. Yeah.

[Jeff]

I would say half of Gen X is maybe not even half. Maybe a quarter of Gen X is probably buying crypto direct. And then there's the rest of Gen X that are still traditional. Well, haven't gotten into crypto.

[Chip]

They want to remember too, is that.

[Jeff]

If you have a. I don't know.

[Chip]

Well, in the US I don't know how it works in other countries, but in the US you have a 401ks, you have an investment account, your company will contribute, you know, do some matching type of things or you put money in there all the time. You think about that. That's like, well, your traditional stuff like Fidelity. Like I still have a Fidelity account and I realized that now they've got like four ETFs available that they didn't used to have. This is like, you're like Fidelity, like the big dinosaur. And so if you think of it like that, it's in terms of people who, not necessarily looking for a new investment vehicle, but they put their money into something like the Bitcoin or a Solana or an XRP type of one. So they've got, they've got the money sitting there. They're usually some kind of index funds. They're like a basket of like stocks. A lot of them are stocks, mutual funds, whatever they may be. There's always like this basket. Or you can go to like a high, medium or low risk. You know, you can go to like a 2030 fund which is a Little bit more aggressive, trying to ink more out of it. You go to a more long term type of fund. So based on what kind of fund you're looking for, this is another option. You're like, okay, Let me put 20 of, you know, my money that's in here and let me put it into an ETF or split it in some ETFs so you can still to the traditional route. But now you're playing. So that's where I see a lot of people. And why so many people got DTFs? Because they'll go like, is there crypto? And they're always like, no, we don't do crypto. Well, now they do. So that changed the game and I think that's why we're seeing so many inflows. All the people that hold XRP have these 401ks now they're going to put, they want to pile into another etf.

[Jeff]

So that's another, that's a big another. That's another big point. If you're in crypto and you have an opportunity to move 401k retirement into crypto also and you know the direction it's going in and you want to leverage it, why not. Why put it in other, other platforms when he, when you have an opportunity.

[Chip]

Put this out. I did see this earlier, but there's Carolyn fam right there. Oh yeah, she, she put out their rye. She got the little bird with the little phoenix with the, with the little.

[Jeff]

Tiny red robin and fire and this is cool.

[Chip]

Sudden eruption on Mount Aetna and Sicily gives the illusion of a phoenix in the sky. It looks like there's a phoenix like flying around, just rising. And what that really is, it's just the volcano erupting, but it looks like a phoenix flying over top of the.

[Jeff]

Hey Chip, it's the bottom of the hour, 30 minutes. We're gonna get a little more crypto and then heavy into geopolitics. I've got a kick ass song. We're giving away this little guy.

[Chip]

Do you want to play the song now?

[Jeff]

I'm gonna play the song right now. Let's do it right at the bottom of the hour. The bottom of the hour. And by the way, this guy that we're giving away is a brute number 280. Look out. Kick at, man, I love the Brutes. Look at these guys. Look at that double edged spear, man. The guy's badass. And we're gonna play a song. So here we go. Get ready. The Brutes.

[European Official]

The Brutes.

[Chip]

Let's Go Brutes.

[Mark Root]

But as yet is white tribe brutes.

[Chip]

Snow and stone beneath our boots Cold.

[Mark Root]

Wind howls, we answer strong brute hearts.

[Chip]

Beating is our song. Souls of frost fire inside Iron hands with battle pride Step by step the ground obeys you will know our name. We are strong, we are true Battle skin is breaking through all all passion, no fear in sight. White recruits sing into fight. When drums beat blood, you turn and run. Snow remembers what you've done. We win wars, we claim rewards. Tree song. Gentlemen, think fast. Silence knows it will be your last. On the train is on the chain on the chain, on the chain is on the chain.

[Mark Root]

Badassery.

[Chip]

Badassery, Jeff.

[Jeff]

Badassery.

[Chip]

Badassery. Badassery. Badassery. Badassery. Bad.

[Jeff]

That song work videos on YouTube. That's right.

[Chip]

Badassery, Jeff. I like that. Badasser. That's good.

[Jeff]

Badass.

[Chip]

We have one more clip from Brad Garlinghouse at Davos. I think it's a shorter clip, hopefully. Let's go. There are lots of sound bites there, a lot to respond to. You already seen the momentum. First up, Tokenized Assets. Geez, what is she saying? Wait a minute. What?

[Jeff]

She speaks.

[Chip]

Wait, I know. There are lots of sound bites there, a lot to respond to. Jump surged over 2,200% last year. Just weigh in from your perspective.

[Brian Armstrong]

Well, I think I agree with a lot of what was said here. You know, I do think the. The first poster child of tokenization is really stable coins. You saw, as Brian observed, you know, massive growth last year, I think.

[Chip]

Same clip. Never mind.

[Jeff]

That's so fast.

[Chip]

Clip. It's the same one.

[Jeff]

Sounds different because they're talking fast.

[Chip]

What's good? Number one?

[Jeff]

What do you think about that.

[Chip]

Chef? This is so funny. We were just talking about this the other day, but look at this. Someone said, are you. Are you. Are you this old? Look now look at the size of that freaking. That's giant.

[Jeff]

That was the five and a half inch floppy disc, right?

[Chip]

I think it's bigger. No, that's big. That's the 8 inch one. That's huge.

[Jeff]

That's the 8 inch.

[Chip]

Damn, dude. That was like. That was like the old mainframe type. That's before my time. It's like, you know, you had the five inchers and you had the little three and a half inches. This is the big one. Look at the size. David Schwartz said. Finally a post. That makes me feel young. Finally.

[Jeff]

Man, they should bring those back. Those things were all right.

[Chip]

They were garbage. They were stupid, Jeff. They were dumb.

[Jeff]

So people could Suffer.

[Chip]

Yeah, they were really.

[Jeff]

Let the young know what we had.

[Chip]

To type in YETI guys. Yeah, the main frames. Remember the mainframe? That was a big ass thing. What was the size of that? Eyes wide. What was the size?

[Jeff]

Are massive. Didn't they take 8 inch?

[Chip]

8 inch ones? They're big. Definitely the 8. Yeah. Look at freaking. You're like, is that a 5 inch? I'm like, dude, Guy's hand must be super small. It must be like a. One of those little people like, like.

[Jeff]

That's right. No one will ever need more than I remember. My parents got a Sony Veo and it must have had like a hundred. I don't know, maybe a gig of memory or, you know, I don't remember what it was, but it was so small. And I just remember telling him, I was like, man, that thing's gonna last forever. You guys have more than what you'll ever need.

[Chip]

640 years later was outdated. Yeah. There's never enough space. You'll always find a way to eclipse the space. No matter what happens, there's always going to be a way. We have 10 yetis in the drawing so far. It's actually.

[Jeff]

Yeah, there's. There's no way I'm bringing back a CRT. CRTs on your desk.

[Chip]

No.

[Jeff]

How about the big box? No. Nobody even remember. The kids now have no idea.

[Chip]

The big kids, Jeff, they don't remember anything.

[Jeff]

You damn kids. My dad had a tv. It was so big. It was just. I don't know, it weighed like 300 pounds. There was no way to move it. It was so.

[Chip]

I remember I had this giant. I had to like have something I was moving. One time I had to have somebody come over, like, just help me get it out of, like just get it off. I couldn't even move it. It was just massive and it was like. I don't even know, it might have been like something ridiculous, like 25 inches or something. It was stupid. It was not even. But it weighed a ton.

[Jeff]

It was 25 inch TV. 27 inch TV. You're like, look how big that TV is.

[Chip]

It's massive. And then I had a 42 inch TV and now I got an. I got a 87 inch TV. And then I saw the hundreds and I went, oh, I want one hundreds. Pretty soon your whole wall would just be the movie. You don't have to go outside anymore any, like, you know, what's the point anymore? It's just so much hassle. You got to watch all those freaking previews.

[Jeff]

What the movie you're talking about just any movie.

[Chip]

You go to a regular movie. It's just boring, man. It's like I fall asleep. I can't even stand it. Nobody can stand it. Well, the things was going on Davos the last two days, and the Europeans have been talking tough. Yeah. More than enough for everybody. You'll never need that much. That's ridiculous.

[Jeff]

Oh, at 32 inch.

[Chip]

Yeah, 30, that's right. It was. Oh, that's right. Yeah.

[Jeff]

My. My dad's on.

[Chip]

It was a 32 inch. I believe it was. It was a Sony. It was also Sony. It was heavy, man. It was heavy.

[Jeff]

How happy was that tv? It was such. It was such a massive tv. It was just.

[Chip]

Yeah, I had the same one. It was like. It was around the year, like 90s, like late 90s, early 2000s maybe. But the damn thing was heavy, man. I had helped somebody lifted to put it up on the. On the TV thing. It was like, whoa. Yeah, it was just so big, you're afraid you're gonna drop it. You need a person each end, like, you got it? Yeah, I got it. Let's go. Oh, God, here we go. So Howard Lutnick was talking yesterday at Davos. Here he is. Okay.

[Mark Root]

We are in Davos at the World Economic Forum, and the Trump administration and myself, we are here to make a very clear point. Globalization has failed the west and the United States of America. It's a failed policy. It is what the WEF has stood for, which is export, offshore, far shore. Find the cheapest labor in the world, and the world is a better place for it. The fact is it has left America behind. It has left the American workers behind. And what we are here to say is that America first is a different model, one that we encourage other countries to consider.

[Chip]

Look at the smuggler he's getting. Do you see the way they're looking at him?

[Jeff]

Yeah.

[Chip]

They're so mad. And it's so. This is so great, Jeff. Look at. Look at them. Just like they're peering through his heart. Look at that.

[Mark Root]

Which is that our workers come first. We can have policies that impact our workers. Sovereignty is your borders. You're entitled to have borders. You shouldn't offshore your medicine, you shouldn't offshore your semiconductors. You shouldn't offshore your entire industrial base and have it be hollowed out beneath you. You should not be dependent for that which is fundamental to your sovereignty on any other nation. And if you're going to be dependent on someone, it darn well better be your best allies. Okay? And so that is a different way of thinking. It is completely different than the wef. I viewed the WEF as not a flagpole in the middle, but in fact, they are the flag whichever way the wind blew. So it blew. You should have solar. You should. Should have wind. Why are you going to do solar and wind? Why would Europe agree to be net zero in 2030 when they don't make a battery? They don't make a battery. So if they go 2030, they are deciding to be subservient to China. Who makes the batteries.

[Chip]

I can guarantee they don't know what he's talking about. This does not compute with my left way of thinking. I don't understand. We're not told what to do. The European Union tells us what to do. We gave up our sovereignty to some unelected bureaucrats in Brussels. We don't know what you're talking about. They have that level of confusion on their face, you know, which I find funny. But there was some embarrassing moments, though, Jeff, I have to say, there were some embarrassing moments. For example, the. The Belgian Prime Minister, Belgium is in the house. Go ahead and chime in. Let's see how you feel about this. This is Belgian Prime Minister. Let me get his name correct here. I'll try to say it. Bart Devier, the Verver. I don't know. It is Bart Diver. I'm probably mispronouncing that, but that is the belt. So listen what he had to say, Jeff, and tell me. I want to hear your commentary after this. Tell me if you agree with this statement or. Out. Ready.

[European Official]

People want to join the European Union. Nobody wants to join China. Nobody, no neighbor of the United States says, well, we want to join the United States. Nobody wants to. They want to join the European Union just because we have respect. We have the rule of law. We do speak softly. But it is an important debate because the enlargement will, of course, test the absorbation of the. Of. The United. Of. Of.

[Chip]

Of.

[European Official]

Of United States of Europe. I wanted to say that, but give.

[Jeff]

It a couple of years.

[European Official]

I would like to confirm that they are an ally, but then they have to behave like an ally. And if you talk about the Russian threat, it's not that great if the west is united, but we are not united. And Putin sees this.

[Chip]

Yeah, this is funny. He said. He says we speak softly. You know what that's code for, Jeff? That's what it's code for.

[Jeff]

I was gonna put a P in there.

[Chip]

Yeah, lighting the loafers. That's what he's talking about. I was gonna say that too, but I said woosies.

[European Official]

That's economy of Russia is very weak. Their military threat is not very real.

[Chip]

Yeah, listen to him. Put Russia could wipe Ukraine out in literally 48 hours. Just level it if they wanted to. Tremendous restraint. Here. Look at this dude here. Looking at him, he's talking about Russia, Russia. Look at the look on his face. He's like, what you talking about, Willis?

[European Official]

It's not very real unless we are divided. But it's exactly what he sees, that we are divided when we had the last meeting of the coalition of the willing.

[Chip]

So he can't beat them if they're united, which what changes? Nothing. But if they're united, there's no chance they can beat them. What changes? Nothing.

[Jeff]

All these years that you had the coalition, the European Union, and even during the previous administration and all the leftists, all the protesters, all coming out in favor of Ukraine. Where. Where did that get anybody? So they were united. They were united again, you know, against Russia. And then we're still at where we're at. They gave Ukraine money, they send them weapons, they did all this stuff, and we're still where we're at. So where. Where is the united threat that all these years have been fighting all these people that have died? We still don't see a lot of video from it, but, you know, so let's say it's. This is all going on under their guys, under their watch. Where. Where's the United Coalition? Where. Where's Russia backing down? Russia hasn't backed down. There's no threat from the eu. The EU is as. As has always been and. And will continue to be kind of a nullified organization entity. I mean, it doesn't. It doesn't have any teeth. NATO can have some teeth. But even there, you know, where. Where is Russia on that? You know, the whole point. Say they were pushing Ukraine and they were pushing all this stuff to get into NATO in opposition, and they were going to threaten. I mean, it was all a lot of big threats. And then also we had previous administrations that were talking about the Russian collusion, and Russia is the skid. This and Putin and Hillary Clinton and Biden, and they kept pointing fingers at Russia and screaming about Russia and. And, you know, Trump collusion and this collusion and that collusion. And they kept using that as a scapegoat. You can't keep putting these guys on the front cover, good, bad or indifferent, without expecting some sort of a reaction. So they kind of built all this up, and now they're Going to sit back like their countries aren't under some sort of a threat. Invasion from. From third world countries as they're coming in and raping and pillaging, you know, across. And they're going to talk about Russia not being a threat. Come on. I mean, these guys, they love the pontificate Russia is a threat. Well, that's the whole point.

[Chip]

Let's check in with our Belgian correspondent, Crypto World. He says, sorry, but we do have elections in Europe. No, but you sold your sovereignty to the EU, which has unelected bureaucrats that make up 60 of the garbage they tell you you got to adhere to. Look what happened to Hungary. Hungary's like, we're not letting it illegals. And Poland's like, we're not letting them in. They get fined like a million dollars a week or a day or something like. Like that. They get fined on it. Well, I'm sorry, but who are you? Who put you in charge of Hungary or Poland sovereignty? Nobody did. So there you go. Yeah, you have. You have them, but they're useless. Chad says the EU funds both sides of this metagrinder. Yeah. And then we also have. And it says they trown a pig's head on his driveway. So there you go. But, yeah, this, this guy's looking up, look, his nose, mouth's open. He's like, dude, what are you talking about?

[European Official]

Started their opening statement by saying, we are not here to take a side in the conflict. I found this very shocking because I grew up in the 1980s where the west stood for something, for the sovereignty of the people, for democracy, for freedom.

[Jeff]

They've taken away the sovereignty of the people.

[Chip]

Dude, this is such a parody in their own countries. Yeah, he's like, he's. These people don't even know what they're talking about half the time. They're completely just. Their leftism can't even just defines all logic and reason here.

[European Official]

The idea that in a conflict between a tyrant and a democracy, the United States was. Well, we're not going to take sides in a gathering of the coalition of the willing, pro Ukraine of democratic allied countries, saying, we're coming here together because one of us is threatened by Russian aggression, we have to support him. They said, we're not here to take sides. We're here to make a deal. Putin sees this. This is. His strength is our division. And of course, if he know, if he follows the news and says, now a NATO country is threatening another NATO country with military invasion, it will not discourage him to continue his war on Ukraine. It will certainly not discourage the Chinese to choose for an imperialistic agenda.

[Chip]

First thing question I have to ask. Every time I hear one of these leaders open their mouth, are you retarded? That's the first thing I think about, right? Are you stupid? Here's why. First of all, Trump's been trying to end this war and who has been trying to continue it? Germany, France, I mean these other European Union, uk they want more weapons. You're not beating Russia on any day, anytime. You're not losing 30, 000 men getting killed in a conflict a month. And who wants to end it? Putin's like, I'll come to the table anytime, any place. Let's go. Ukraine doesn't want to. And how do we, how do we know that with Ukraine? Well, it's not a democracy because they've now he's, even though he, when he was in the White House, Zelensky said he would is open to elections. Well, here it is not even like 60 days later and he's already canceled the next elections. A not a democracy. Then they got rid of any of the, the Christian churches there. Yeah, okay, clapped on that. Then they took all the media and made it state run. But sure, keep telling us it's a democracy, right? It's a democracy we got to stand up for. Meanwhile, Russia is democracy. Right? And I just think that there's been so much. The Trump spiders settle this. Zelensky comes to the White House, he says yes, in theory. Then he goes, hangs out with Macron, then he goes and hangs out with Starmer. Then he's over there, you know, it's piling up with the Germans. This is ridiculous. Like Trump's been trying to end this war. You know who doesn't want to end it? Europe. They. These feeble leaders who want to take the heat off themselves for being ineffective, letting mass immigration destroy their cities and their towns and their culture. And now they're going to speak up.

[Jeff]

That's it.

[European Official]

And if the Atlantism would really die, I hope not. But if it dies, globalization will die with it. Yes, that's very clear. We cannot stay a herbivore in that world. That's the European lesson we have to learn. We have to wake up, we have to rearm, we have to integrate our market and we have to weaponize our market. And we have to seek new alliances. I don't think we have to annul the alliance we have, but we have to seek new ones. Mercosur was very useful. They have to do it in 20 in 2007. The numbers don't lie. The European economy was 10 times bigger than China. Now we're equal. In 2007, we were the equal of the United states. Now they're 50% in front of us. The entire difference is the tech sector. We've become totally dependent on tech.

[Chip]

A lot of it's wokeism to look at Germany closed all their nuclear power plants down. Now they can't, their factories don't go anymore. Their factories don't even work. They were, they made the, they were the greatest German sort of designers and inventors in the world. And then they said, oh, we need a green new deal. And they basically closed all their factories. Jeff. Most of them can't even operate.

[Jeff]

No, I mean then look at, you know, what happened to Sweden and we talked about Volvo. Look at the UK with Jaguar is gone. Land Rover is gone. You know, it's Lotus. Look at, there's another one, Lotus, also owned by a Chinese company. All of them, the Chinese companies, they got the money. You know what China has, has a societal problem also. They definitely have a numbers problem in terms of age and everything else. They're, they advanced, they pushed, they've got money. They sold a lot of cheap product. They've replicated and duplicated every product on the market. In some cases the Chinese are doing it better. They're doing it better, they're doing it cheaper. It's easy when you have cheap labor to make it happen. And we, we've heard, you know, that you got to get away from that. It's not about. And it's interesting because what are these guys protecting? They destroyed, they go to Italy and, and try to get product textile made in Italy. You know what they did, they exported all to China. You know, where was the epicenter in Italy during that beginning stage of COVID it was in the exact textile region where all the Chinese were coming in. So there, you know, so there are a lot of things going on. But they've destroyed and decimated their industries like you just said. They what, what do they have? He said they're tech, tech heavy tech reliant. Now they're bringing the invasion in. All these low educated, no money, you know, mass numbers of people that are coming in and taking advantage of. They're open leftist society and they're just giving to all these illegals. They're takers. They're not contributing. They'll never pay back into society. Then they try to look at immigration like in this country. Now they're saying Somali's built, built up Minnesota and helped build this country. They did not, they didn't do one thing to build up any part of the economy, no part of the society. Now you want to go back in history and look at all the minority groups over, over the years that have come into this country and contributed and came here because they were looking for a better life. And now you see mass migration that's coming in to supplant indigenous population. And these people are coming in because they want to take tax dollars, not contribute back to society. I guess with the Somalis, they're looking to put money in their pockets. They figured out how to defraud the, the economy, the system and how to pop up all these daycare centers and, and defraud the tax dollars of hundreds and hundreds of millions of dollars and maybe billions of dollars. And now they're going to do the same thing in New York, they want to do the same thing in Michigan, they want to do the same thing in California because the Democrat leadership understands very clearly how to defraud the system and how to put these people in place. All right, the Somalis were the patsies because they needed that. But Chip, not that long ago we talked about, we put videos on of all these people coming from these regions that are clinically because of inbreeding, because of whatever. We did a whole thing on the IQ across the globe and we have people that, whose IQ puts them in a position of being clinically. And now you're going to mass migrate. These people, they're acting out because they don't know, not that they don't even know any better. They don't even have self control. They have no self control, no self discipline. They come from backwards society that also had no self control, no self discipline. Societies that were run by tribal leadership. And it's just, it's a, it's a show. Now you're going to bring that culture into your Western civilization culture and expect them with zero way to blend them into society. And you want to expect them to, to partake and then you have leadership like this guy that's going to turn a blind eye to it because they're so hyper focused on the Russia, Ukraine thing. And that's it.

[Chip]

Yeah, Jeff. And well, the funny thing comes out to two, two things, right? So who are you going to blame? Well, if you're white, you got to blame people for being racist. Of course, if that doesn't work, just blame the Jews. It seems like it's pretty obvious, right?

[Jeff]

It's like easy button.

[Chip]

It's like just press the Easy button. It's like, well, I must hear. It's so funny here on the Internet. It's like everybody, well, Jews, the Christians are the ones that, like, screwed all this stuff up and blah, blah, blah, blah. It's like, well, you know, it's. It's always like going to be the go to answer. So, Jeff, the Finnish president, his name is Alexander Stub, stuff that's right at the learning center. And they don't know that it's not spelled. They never. They probably still don't understand why people are laughing at it. It's not spelled right. It's missing an end. Right. But, Jeff, this is Alexander Stub. He is the Finnish president. He was talking. Now, just check this statement out. It's 11 minutes apart. So thank God, because I remember seeing the first one. I was like, wait a minute, weren't you just saying 11 minutes apart? Look at this. Talking tough and then gets called out of shit. Look at this. It's a direct answer to the question of this panel. Can Europe defend itself? My answer is unequivocally, yes. Without the Americans. Without the Americans. I mean, how. Look, but you're relying on them for these key elements. You've said earlier that Europe can defend itself without the Americans. If it comes down. Not exact, Mike. So that's not a quote.

[Jeff]

More or less.

[Chip]

Let's go back to the translation. More or less.

[Brian Armstrong]

I love journalism.

[Jeff]

Oh, my God.

[Chip]

But. But if it's.

[Jeff]

They didn't all hear.

[Chip]

This is the best direct answer. Look at the talk tov. I'm going to be. This is how they all are. They're a waste. They're a waste of energy. They're a waste of hot air. Look at this guy. The question of this panel, can Europe defend itself? My answer is unequivocally. Unequivocally, yes. She says without the Americans. Yes, without the Americans, without the Americas. I mean, how. Look, but you're relying on them for these key elements. You've said earlier that Europe can defend itself without the Americans if it comes down. Not. Not exact, Mike. That's not a quote. More or less.

[European Official]

Let's.

[Chip]

We'll go back to the transcript. More or less. More or less.

[Brian Armstrong]

I love journalism.

[Chip]

And he plays it on the journalism. I love journalists. Yeah, because they call you on your.

[Jeff]

Oh, my God, that was awesome.

[Chip]

You know, in front of everyone, right? Totally. Like, he was so embarrassed, laughing. What an embarrassing. We're talking about Trump's an embarrassment. Trump's fighting for American people. Trump's bringing, you know, investment dollars in the U.S. look at this. This is Christine Lagarde, she's in charge of the, you know, European Central Bank.

[Jeff]

Oh God, another one.

[Chip]

Here we go. You're. I haven't even played it yet. You already. Let me hear your, Let me hear your reaction on it already. I want you already. We can comment because you're going to be right. We don't have to hear the clip, but we'll hear it just to humor people. Here we go.

[Jeff]

Ready?

[Chip]

It's a short clip. And she always talks with such authority. You're nobody. You run a central bank, you're nobody. This is a wake up call, a bigger one than we ever had. And I think that Europe is going to look at its strength, look at its weaknesses, do a big swot analysis and decide what do we need to do to be strong by ourselves, to be more independent, to rely on the internal trade that we do with each other so that we can just not ignore, but at least be prepared and have a plan B just in case the normal relationship is not restored. So Jeff, she calls it a wake up call. What do you, what do you call her assessment of the wake up call?

[Jeff]

It better be a wake up call. It's a wake up call that there's a, there's a new sheriff in town. We're bringing back American exceptionalism now the US I don't care what anyone around the world, you know, thinks about the US or thinks about Trump or things about whatever, you know, the, the whole point is historically, and it's taken time, World War I took the US a little bit of time. We got involved. World War I ends. World War II took us a little bit of time. Finally get involved. World War II ends. We came to the rescue of Europe two times in, in massive fashion. And then 9, 11, we get hit. We have a few allies that joined us, you know, to fight back and, and kind of start going after terrorists. And then what happens? 24, 25 years after 9, 11, all of Europe is now completely, you know, overrun, invaded. Not just there, also here. But the whole point is that it's a wake up call, that things need to change. That's the wake up call. She's got the wake up call wrong. The wake up call is for them. They gotta wake up because we're not going to be patsies any longer. Time to put it into this.

[Chip]

Well, the problem is, so I had, unfortunately, sometimes just to like clear the air in my own head, I have to like respond. Not that anybody ever reads this stuff. Sometimes you just gotta well, we'll read it here. So it'll always get some. It'll always get a little impressed. But I had a comment on this. Here we go, right here. So this is Europe. This is Christy, the guard. There she is. We need to look at its strengths, its weaknesses, blah, blah, blah, blah. The wake up call. And I was like, europe, wake the hell up. You've been hitting the snooze button for years now. The alarm is screaming at you. Your economies are barely crawling along to a pathetic 11 1/2% GDP growth in recent quarters. Projections for 2025, 26 hover on the same limp numbers. The Eurostat and IMF data show the euro area roughly 0.2 to 0.4 quarterly of annual growth, about 1.3 to 1.4%. That's not recovery, that's stagnation dressed up as progress. While the rest of the world, especially the US under stronger leadership, leaves you in the dust. You swallowed the woke poison and the suicidal green deal fantasies. You shackled your industries with high energy costs, virtual signaling regulations net zero delusions and kill jobs and competitiveness. Congratulations. You've turned reliable energy into a luxury, handed manufacturing advantages to countries who don't even handcuff themselves with ideology. Worse, you've handed your your national sovereignty to a bloated, unaccountable European Union monster run by unelected technocrats in Brussels who dictate terms while you pretend it's cooperation. Sovereignty isn't a suggestion. It's the foundation of a functioning nation and you've traded it for bureaucratic bloat. And let's not sugarcoat the open borders disaster. Mass uncontrolled migration has turned streets into unsafe, with sexual violence and rape reports surging across multiple countries. Eurostat notes sexual violence fences up 79% from 2013 to 2023, and rape cases more than double. Germany and UK data show disproportionate foreign national involvement in sex crimes and low conviction rates in many cases. Young women are paying the price and increased assaults. Yet prosecutions and real consequences remain a joke in too many places. Diversity isn't a strength when it comes to the cost of safety of social cohesion. Trump literally warned you in his first term about energy dependence, unfair trade, loss of sovereignty and the dangers of unchecked migration. You laugh. Virtual signal. Double down on the same stupid failed policies. Now look at you. Declining, divided, increasingly irrelevant on the global stage. This isn't a gentle nudge. It's a brutal reality check. Keep ignoring the warnings. Keep. Keep clinging to Your sacred cows of ideology and super nationalism. And then watch your continent fade into mediocrity or finally grow a spine. Reclaim control, secure your borders, ditch the self sabotaging green dogma and start acting like nations that want to survive. Clock is ticking and you wasted enough time. There was my counter to Christine Lagarde's wake up call. That wake up call. Trump dialed it up in 2016 when he, remember he spoke at the UN he told them right to their faces, you guys got to stop this. They laughed at him. Well, who had the last laugh? Jeff.

[Jeff]

And he's coming and told them again.

[Chip]

He's told him again right to their face. I mean, this is the greatest thing ever. He's told him how many times he has he mentioned it time and time again.

[Jeff]

He's come in, he's got to mention it, he's got to bring it up. I mean that it's been, it's been written, it's been shown. The president of El Salvador, the president of Argentina, you see all this stuff that's going on globally where they're reclaiming their countries, but the Europeans are, are a little bit negligent. I think we have an opportunity right now in Germany and an opportunity in Italy to try to reclaim, you know, and you know, other than Poland and Hungary and some of the other countries that are there throughout Europe, but those countries have an opportunity. The rest I hope. France, I see people marching in the streets of France. I hope that France kind of gets their act together. They're definitely, you know, under the gun. Spain, I'm not really sure sure where their fluctuation is going to be, but they, they keep talking about the EU as though everything is equal throughout the eu, right? As though certain countries didn't suffer over all the years as a direct result of the imbalance of the economies, you know, as they all had to move to the euro. And I think some of these countries, like, you know, Greece are still, you know, struggling. I mean, they're not all countries are on an even footing, you know, when it, when it comes to that. Germany for many years was funding and supporting the eu. So, you know, how does that work? When Germany finally says, you know what, enough's enough, we're not funding the EU any longer. How did, what happens to the rest of it? Where does that go?

[Chip]

You know, look at that comment. Their alarm clock sounds like some kind of a prayer call. I love the comments. Well, the AfD leader, the leading candidate for, for president, she said she's ending and she's re Immigration. So she's kicking us closing the borders, kicking out people. Sounds very Trump esque. Yeah, and she says they're leaving the European Union. Collapse it. So in France. But you mentioned Javier Malay, the Argentinian president. Here's what he said.

[Jeff]

Time now.

[Chip]

And for some strange reason the west.

[Jeff]

Began to turn its back on the ideas of liberty.

[Chip]

That is why in this Same place.

[Jeff]

In 2024 I stated that the west.

[Chip]

Was in danger as a result of having embraced increasing doses of socialism in.

[Jeff]

Its most hypocritical form, which is wokeism. In turn, in 2025 I explained the mental parasites sown by the left in humanity. However, 2026 is the year in which I bring you good news.

[Chip]

The world has begun to awaken. The best proof of this is what.

[Jeff]

Is happening in the Americas with the.

[Chip]

Rebirth of the ideas of liberty. Therefore the Americas will be the beacon of light that will once again illuminate.

[Jeff]

The entire west, thereby repaying the civilizational.

[Chip]

Debt with expressions of gratitude towards the.

[Jeff]

Foundations in Greek philosophy, Roman law and Judeo Christian values.

[Chip]

We have have a better future ahead. But that better future exists only if we return to the roots of the.

[Jeff]

West, which means returning through the ideas of liberty.

[Chip]

May God bless the West.

[Jeff]

May the forces of heaven be with.

[Chip]

Us and long live freedom.

[Jeff]

Damnit. Thank you very much.

[Chip]

I love this guy. Man, that's a fantastic speech.

[Jeff]

It's amazing. You think about where Argentina was, you know and think about where, where what Bukale also did, you know El Salvador, I mean these countries were on the brink, Argentina on the brink. It was not safe and their economy's in ruin. And he had the socialist mindset that was getting ready to that we saw kind of sweep across South America and, and socialism. It took or was taking root throughout South America, Cuba, Venezuela, you know Cuba obviously manipulating, controlling Venezuela. The influence coming from Russia, the influence coming from China, they do it on per. There's resources, it's control, there's all sorts of components to that and that I, I love what that guy said. I mean he's so spot on. Need to take that, inject it into, into Europe, let the EU kind of break down. The EU has been kind of a. I mean good and bad. It's good. Oh so there's open borders, easy to travel throughout the, throughout Europe they have one shared currency. I don't know when I'm traveling around country to country the way it used to be, you know when you'd be able to get indigenous currency, the sovereign currency versus now everyone's trading in the E. You know, in the. In the euro. It's easy, I guess, as you're traveling, but I don't know, it takes a little something out of, you know, every country having their own currency. And that experience, you know, now with credit cards, you kind of get away from that. But there was something about, you know, that change of money and looking at, you know, who's on the bills and, and the coins and all of that stuff. Kind of lose that with the European Union. Isn't the United States. You know, they're trying to.

[Chip]

But they. They wanted to sell it as this united thing, but they didn't talk about the part where they would just dictate shit and like, you were supposed to just suck it up.

[Jeff]

Yeah.

[Chip]

There were so many zingers by Trump, but here's one. Here's a zinger by Trump from Davos.

[Mark Root]

This in World War II, when Denmark fell to Germany after just six hours of fighting and was totally unable to defend either itself or Greenland. So the United States was then compelled. We did it. We felt an obligation to do it, to send our own forces to hold the Greenland territory. And hold it we did at great cost and expense. They didn't have a chance of getting on it, and they tried. Denmark knows that. We literally set up bases on Greenland for Denmark. We fought for Denmark. We weren't fighting for anyone else. We were fighting to save it for Denmark. Big, beautiful piece of ice. It's hard to call it land, it's a big piece of ice. But we saved Greenland and successfully prevented our enemies from gaining a foothold in our hemisphere. So we did it for ourselves also. And then after the war, which we won, we won it big. Without us, right now, you'd all be speaking German and a little Japanese.

[Chip]

Perhaps a little Japanese. You all be speaking German. There's like, you hear, there's a couple hahahas in the crowd. You're not going to get a lot from this group. I mean, you're just not. You're just not. But I want to go to. I want to go to Mark Root here from. He's in charge of NATO and we're going to lead into the whole Greenland conversation here. Statements from me will not add anything here. And when it comes to the Arctic, I think President Trump is right. Other leaders in NATO are right. We need to defend Arctic. We know that these sea lanes are opening up. We know that China and Russia are increasingly active in the Arctic. There are eight countries bordering on the Arctic. Seven are a member of NATO. That's Finland and Sweden and Norway and Denmark, Iceland, Canada and the U.S. and there's only one country bordering on the Arctic outside NATO, and there's Russia. And I would argue there is a ninth country, which is China, which is increasingly active in the Arctic region. So President Trump and other leaders are right. We have to do more there. We have to protect the Arctic against Russian and Chinese influence. And that's exactly what NATO ambassadors decided to do in September. We are working on that, making sure that collectively will we defend the Arctic region. That's huge, man. I mean, that's quite honestly very, very huge. And then he. He kind of. Trump talks about this two more times here.

[Mark Root]

It's going to be put out pretty soon. We'll see. It's right now a little bit in progress, but pretty far along it gets us everything we needed to get.

[Brian Armstrong]

Will the US still get Greenland? But the US still get Greenland, sir.

[Chip]

That convinced you?

[European Official]

Say it.

[Chip]

What did Mark Root said?

[Mark Root]

Well, he's a great leader. I think he's fantastic. The secretary general was representing the other side, which is really us, too, because, you know, very important member of NATO. I've done a lot for NATO and it's really nice. I mean, it's a deal that everybody's very happy with.

[Chip]

So let's hear some more on that.

[Mark Root]

We have a concept of the deal. I think it's going to be a very good deal for the United States, also for them. And we're going to work together on something having to do with the Arctic as a whole, but also Greenland. And it has to do with the security. Great security, strong security and other things.

[Chip]

The market, 600 points. Getting back a lot of some of the nervousness we had in the last couple of days. The tariffs are off. Nothing happens on February 1st.

[Mark Root]

No, we took that off because it looks like we have pretty much a concept of influence deal, a deal of ownership, a deal. Well, it's a little bit complex, but we'll explain it down the line. But the secretary general of NATO and I and some other people were talking and it's the kind of a deal that I wanted to be able to.

[Chip]

Where does Denmark. Did they weigh in on. On what they want, what they would agree to?

[Mark Root]

Well, I assume they did because he very much represents. He's a strong leader, Mark, you know, most. And he. I assume he's been speaking to them. He's been speaking to all of them.

[Chip]

Are mineral rights involved? Is ownership involved? Did the Golden Dome sway people?

[Mark Root]

I don't want to say yet, but.

[Chip]

The Golden Dome was very compelling today when you talked about that.

[Mark Root]

Yeah, yeah, the golden dome. And they're going to be involved in the golden dome and they're going to be involved in mineral rights and so are we.

[Chip]

It's not, not specific enough to know at this point how long this lasts. How, whether forever. Forever.

[Mark Root]

It'll be forever for Greenland at this point. Forever.

[Chip]

That's a staggering.

[Mark Root]

It's better than a 90 day.

[Chip]

This is, this is what, two hours after.

[Mark Root]

It's better than the Obama deal with the famous Iran nuclear deal. With a nine year, with a nine year deal now. This is forever. This is a long, long term.

[Chip]

It's forever, Jeff.

[Jeff]

Forever. That's it.

[Chip]

That guy's trying to get something out and Trump's not budget. He's like, tell me a little bit what's going on. I mean, tell me what's going on. Is that what it. So what happened? It's like two hours after the speech, all of a sudden they put together some kind of a deal. It sounds like they're going to be able to license something long term, sort of, you know, they're not going to take it over, but basically they're going to give carte blanche to the United States. Jeff, this was another, this was one of these things that kind of came.

[Jeff]

Out and start, maybe move there. That'd be kind of cool.

[Chip]

The people were like, what? This came out like nowhere.

[Mark Root]

Listen, this one, the miles away, separated by a giant ocean. It's a war that should have never started and it wouldn't have started if the 2020 US presidential election weren't rigged. It was a rigged election. Everybody now knows that they found out. People will soon be prosecuted for what they did. It's probably breaking news, but it should be. It was a rigged election. Can't have rigged elections. You need strong borders, strong elections and ideally a good press. I always say it. Strong borders, strong elections, free, fair elections and a fair media. The media is terrible. It's very crooked, it's very biased, terrible. But someday it'll straighten out because it's losing all credibility. Think of it. When I went in a landslide, a giant landslide, won all seven swing states, won the popular vote, won everything. And I only get negative press. That means that it has no credibility.

[Chip]

So it's funny, he said there'll be people be prosecuted. Jeff, first time we heard that, it's coming, I think he was like, oh, this shouldn't. It might be breaking news. It shouldn't be. But of course, man, I was a little bit shocked by that. Whole thing.

[Jeff]

But it's coming.

[Chip]

It's coming. It's right turn for the midterms. Isn't that funny the way timing works like that, Jeff? It's funny how that works, isn't it?

[Jeff]

So they're talking about Hillary Clinton again. I mean, everyone surfaced. There's so much evidence now, it's insane. How much evidence is coming out with the, with the Dominion machines now that they've, you know, taken out the leadership in Venezuela and they can gain access to, you know, the company to the Dominion was based out of, out of Venezuela. So I think there's a lot that we just haven't. That's. It's just pouring out.

[Chip]

It's.

[Jeff]

There's gonna be a lot more. It's insane.

[Chip]

Yeah, right here, too. It's more than just the golden dome. It's to add logistical support and control, Naval access, sub ships, stage material, strategic choke point 100. They laid it out, they got it right because they're like, okay, there are. I mean, you see that China's already there, Russia's already there. Either you deal with the US or you're gonna be too late to be like, sorry, we're not going to help you. But here's another one of.

[Jeff]

Here's.

[Chip]

Check this out.

[Mark Root]

We want from Denmark.

[Chip]

Well, this is, I think this is a clip about Mark Carney. So Mark Carney got up there talking. We got new alliances. We don't need the United States. Meanwhile, Doug Ford, who's from Ontario, we was super pissed that he's going to be flooding these cheap EV vehicles into Chinese. Yeah, Canada. And they're. Jeff. They have their own. They have their own factories that produce cars. So they're just basically going to cut. So Doug Ford is not happy about that.

[Mark Root]

For national and international security and to keep our very energetic and dangerous potential enemies at bay, is this land on which we're going to build the greatest golden dome ever built. We're building a golden dome that's going to, just by its very nature, going to be defending Canada. Canada gets a lot of freebies from us, by the way. They should be grateful also. But they're not. I watched your Prime Minister yesterday. He wasn't so grateful that they should be grateful to us. Canada. Canada lives because of the United States. Remember that, Mark, the next time you make your statements. What we did for Israel was amazing. But that's nothing compared to what we have planned for the United States, Canada and the rest of the world. We are going to build a dome like no other.

[Chip]

It's Going to be like the iron dome. So this could be a lot bigger, Jeff. It's going to be a lot bigger. So let's talk. Let's do that drawing. I think it's time.

[Jeff]

That time.

[Chip]

Candles, please. It's time, dude. You're going to do that. Let's get ready to roll that puppy, would you?

[Jeff]

Yeah, let's get this song going real quick.

[Chip]

Batteries hate winners. Yeah, of course they do.

[Jeff]

One last roll through on the the brutes for battle.

[Chip]

Here we go. That's weird.

[Mark Root]

But as yet is white tribe brutes.

[Chip]

Snow and stone beneath our boots Cold.

[Mark Root]

Wind howls, we answer strong brute hearts.

[Chip]

Beating is our song. Souls of frost fire inside iron hands with battle pride Step by step the ground obeys you will know our name we are strong, we are true Batt is breaking through all passion, no fear in sight White recruiting into fight. When drums beat blood you turn and run Snow remembers what you've done we win wars, we claim rewards who sing the victory song, Guys, think fast Silence knows it will be all. On the chain is on the chain on the chain on the chain is on the chain Badassery. All right, Jeff, let's do this. We got 12 in the drawing, guys. Only 12.

[Jeff]

That's it.

[Chip]

That's all we got. Great. Addie, Rotisserie spear stick. Yes, absolutely. Right there. Cool song, cool song. His Last 1. Y y. 13 in now. Last chance, guys to go ahead. In there. This is it.

[Jeff]

Where is it?

[Chip]

You got.

[Jeff]

Pull it up. You didn't pull it up yet.

[Chip]

I'm pulling up, man. Mine, mine, mine, mine, mine, mine, mine. Ready? Was it going to be who? Oh, Rod. Hail 589 Rod Hill with this big old gun. Yeah, Rod. Winner, winner, chicken dinner you got. There he is. He's ready.

[Jeff]

Ready?

[Chip]

Okay. Get your bullet, Rod, and we'll toss it over to them, man. Congratulations. Rolling in. Beautiful. Beautiful. All right, there we go. Come on, Rodhill. We'll wait for that. While we are waiting, of course we will put on a nice video. So there's some other things. Did you know that Gavin Newsom was there?

[Jeff]

I did not.

[Chip]

Well, he was also there, and he was also. It was kind of funny because he was actually in the room when Trump was giving his speech. Speech. So Trump had a couple things to say. So the first little clip we got for you.

[Mark Root]

Call him Gavin Newscom. When you think about it, he's kind of. People say he's gay because of the way he moves. You know, he's always doing his weird little dance when he talks But I don't care about that. I just think he's incompetent. And they say he likes to watch.

[Chip]

Watch.

[Mark Root]

Remember his wife had sex with Harvey Weinstein? Remember that? She said his penis looked like a fish. If you think about it, it was probably a small little fish, like a baby goldfish. Anyway, Gavin was probably sitting on his little chair watching, believe me.

[Chip]

Geez, Jeff. That's pretty harsh, wasn't it? Of course I was, AI. That wasn't real.

[Jeff]

Just.

[Chip]

It looks pretty official. Doesn't it, though? That's good. Yeah. Thank you. All right. Beautiful, man. Here's the other clip I pulled for this.

[Mark Root]

This is for you.

[Chip]

Middle finger. He gave him the middle finger. He gave him the total. The middle fingers. What he gave him. That's what it was. You know your pal Ilan Omar? Oh, yeah. She was talking and Trump came out and said something or listen. White men.

[Mark Root]

Quiet, piggy.

[Chip]

Quiet.

[Jeff]

She's under investigation right now.

[Chip]

She is.

[Jeff]

She was worth $72 and a year later worth 25 million.

[Chip]

Go figure.

[Jeff]

How did that happen?

[Chip]

I don't know. It happened, though. Here it is.

[Jeff]

Fox News under investigation after racking up millions while she was in Congress. Senior national correspondent Kevin Cork has it. What's up, Kevin?

[Brian Armstrong]

See, my friend, what's the old saying?

[Jeff]

Follow the money?

[Brian Armstrong]

Well, that's precisely what the House Oversight Committee is doing. They are probing squad member Ilhan Omar's skyrocketing family wealth, Jesse, especially in the wake of that $9 billion, some would argue $19 billion Somali social services fraud scandal that exploded in her district in Minnesota. The oversight chair, James Comer, says his team's lawyers are exploring the extraordinary step of subpoenaing Omar's spouse over his curious business practices. Republicans want to know how the Somali born Omar and her politically connected husband, Tim Minette went from being nearly broke to being worth around 30 million bucks in just a year, according to her 2024 disclosure forms.

[Jeff]

Quoting Comer. Now, there are a lot of questions.

[Brian Armstrong]

As to how her husband accumulated so much wealth over the past two years.

[Jeff]

It's not possible.

[Brian Armstrong]

It's not.

[Jeff]

And he's a money guy.

[Brian Armstrong]

Manette and his partner Will haler, back in 2022, formed an investment firm Jesse named Rose Lake capital. They had 42 bucks in their bank.

[Jeff]

Account at the time, but in a.

[Brian Armstrong]

Year, up to 25 million bucks, according to Omar's filing. By the way, he also has a wine business that went from next to nothing to millions on its books. Not surprisingly, associates were so perplexed about the Irregularities.

[Jeff]

They brought information and attention to the.

[Brian Armstrong]

Feds to, you know, look into it. Now, for her part, the congresswoman has repeatedly, and I say defiantly denied any wrongdoing while being also careful to criticize the ongoing probe. But, you know, sometimes I say, jesse, the ones who yell the loudest have.

[Jeff]

The most to hide. Well, innocent until proven guilty. I'm sure everything was perfectly legal. We're just checking to find out.

[Chip]

It's all on the up and up, as they say. Jeff, it was all legal. Nothing weird happened. No improprieties. It was all just absolutely 100% guil. Good.

[Jeff]

Boom, there we go. I just transferred rod, his 287. Proud owner of a brute. And then as I was looking through the records, I saw that we had had a note that said, we owe you want. And that was under Rod from like last year actually. So somehow fell through the cracks. And so, Rod, I sent you a brute. And then also I just sent you one of the little prowlers. That's pretty kick ass. So Rod, he just got two badass yetis that were just sent over to you.

[Chip]

Fantastic, dude. Beautiful. I love that. I love how that. I love it.

[Jeff]

Yes. Two.

[Mark Root]

All right.

[Jeff]

Well, there you go.

[Chip]

I remember. See, Rod remembers. Pepperidge Farm remembers.

[Jeff]

It's awesome.

[Chip]

Yeah, awesome. It is awesome. Cool, man. All right, well, that's all the time we have, guys. It looks like we will be seeing you on Monday. Monday morning, Saturday morning, Jeff, when are we. When is this show on anyway, Jeff?

[Jeff]

Monday, Monday, Monday. We'll be back Monday, Saturday morning, 8:00am Eastern Standard Time. Not Monday, not Tuesday.

[Chip]

Confusing.

[Jeff]

Not Thursday, not Friday, but Saturday morning, 8:00am Eastern Standard Time. We'll be back. We do stream, as you guys know, Saturday 8am, Sunday, 8pm and Wednesday 8pm Sometimes 8:20. Today we went late. We started 8:20, went to 9:50. We got a whole hour and a half of pure streaming bliss.

[Chip]

That's right. And there was this one shot that was taken with Gavin Newsom and Trump. Look at this right here. They see it. There you go. Gavin Newsom has the knee pads on. That's weird. That's kind of. That must be AI, Jeff. I can't be real. Do you think that's real? I don't think so. I don't think so. I'm not sure it is. Yeah, I'm not sure that is real. Anyway, guys, we'll see you guys on the next one. Yeti. Yeti. Yeti. See you guys. Have a great Yeti week and we will see you on the next one. Chip and Jeff. Oh, almost.

[Jeff]

Not late.

[Chip]

I'm hitting the button while this is happening.

[Jeff]

Are you down with otc?

[Chip]

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