RIPPLE'S REAL ADVANTAGE JUST LEAKED

Summary

---

On The Chain - Blockchain and Cryptocurrency News + Opinion

Episode: RIPPLE'S REAL ADVANTAGE JUST LEAKED
Date: June 15, 2026
Hosts: Jeff and Chip

Episode Overview

This episode breaks new ground by challenging a persistent myth in crypto: that technological advantages drive winners. Instead, the hosts unpack a newly surfaced insight about Ripple's real edge – a decade-plus of regulatory, banking, and infrastructural groundwork impossible to replicate overnight. Alongside, the show delves into regulatory shifts, AI’s intersection with blockchain, global cultural observations, and US politics, mixing deep analysis with light-hearted, highly opinionated banter. Ripple, XRP, regulations, and the evolving global crypto landscape take center stage.

---

Key Discussion Points and Insights

1. Blockchain Hype vs. Reality (00:01 – 06:46)

• Everyone Claims Tech Superiority:

  • Every project touts "fastest, cheapest, most scalable," but these features eventually level out.
  • Jeff: "If that's the game, then eventually somebody builds something faster, cheaper, more scalable. That's what tech does... it evolves."

• True Differentiator is Off-Chain Infrastructure:

  • It's not about tech alone—it's the external things: relationships, licenses, regulatory approvals, and the decades taken to build trust within the banking and payments sector.
  • Chip: “You don’t build [banking relationships and approved licenses] in six months... some of that stuff took Ripple over a decade.”
  • Ripple’s decade-long investment in building regulatory and institutional infrastructure (the "boring" stuff) is what sets it apart.

• Ripple & XRP: The Distinction:

  • Jeff and Chip stress ongoing confusion; XRP is a decentralized digital asset, Ripple is a centralized company with its own goals.

---

2. What the ‘Leaked Advantage’ Means (06:46 – 07:36)

• Ripple as a Financial System Insider:
  • Ripple is not just keeping up in the blockchain race but is situating itself as a core player in the emerging global financial system.
  • Jeff: "While a lot of people are still debating crypto, Ripple appears to be positioning itself inside the future financial system."

---

3. Brad Garlinghouse’s Fox Business Interview [Highlight] (07:36 – 20:34)

Themes Covered:

• Confronting Jamie Dimon's Crypto Critique (08:29):
  • Brad calls out the JPMorgan CEO for dismissing crypto, noting $20B+ annual payment revenues as motive for FUD.
• Regulatory Clarity & Its Ripple Effect (10:24):
  • Explains how regulation enables institutions (not just retail) to confidently adopt crypto.
  • “When something like the Clarity Act gets passed, that certainty allows CFOs, treasurers, and bank executives to lean in... The Clarity actually puts that to bed.” – Brad Garlinghouse (10:24)
• Ripple’s New AI Starter Kit for XRPL (11:34):
  • Ripple launches tools for developers to build AI-powered apps/payments on XRPL.
  • “We are future ready and future proof... You're already seeing (with) MasterCard and 30+ other companies, this evolving ecosystem.”
• Ripple’s Real Growth Story (17:45, 18:48):
  • Growth is global, much outside the US, due to lack of clarity at home.
  • “We expect to end this year with $1 billion revenue run rate not including the XRP on our balance sheet.”
  • Major growth areas: Ripple Treasury (a CFO’s “dashboard” for global currency/liquidity management), stablecoins, and payments.
  • “Ripple Treasury is infrastructure... Those CFOs are asking, ‘how could stablecoins fit into that mix?’”

Notable Quote:

"Jamie Dimon... is trying to protect and dig a deeper moat for a business that's extremely profitable... trying to maintain the status quo."
– Brad Garlinghouse (08:29)

---

4. Reflections: The Ripple–XRP Ecosystem Evolution (20:45 – 26:56)

• Media Savvy and Brand Storytelling:

  • Brad Garlinghouse praised for his mastery of concise sound bites and polished media presentation.
  • Show hosts note: Ripple’s messaging and branding have matured, now conveying a clear product vision to a mainstream audience (14:48).

• Ripple’s Acquisition & Future Growth:

  • Recent acquisitions integrate into one cohesive growth strategy.
  • “Right now it’s kind of, focus on what we have. Stick to our knitting...” – Garlinghouse (20:01)

---

5. GSR Podcast Highlights—Ashish Birla on Real-World Adoption (22:54 – 29:25)

Core Insights from Ashish Birla (Former Ripple, now Evernorth):

• XRP’s Core Utility:

  • All the real value comes from Ripple’s painstaking efforts in real-world connectivity—a network of partnerships, licenses, and infrastructure.
  • “All the plumbing that Ripple laid over the years of connecting into financial institutions... there is no shortcutting the licensing but that is creating this connective tissue to the real world.” (23:44)

• Tokenization Is Early, But Exploding:

  • From $100M to $20–25B in tokenized equities; trillions still off-chain, massive upside ahead. (24:12)
  • “Soon, nobody will ask ‘are you on the internet?’ Blockchain will be the invisible piping of finance.”

• Use Cases Beyond Holding:

  • “Holding XRP isn’t the end state... institutions need more to do with their XRP, more use cases.”

• Liquidity is King:

  • “Nothing works unless those tokenized assets are liquid; vibrant ecosystem is everything.” (26:56)
  • Existing DeFi “peaked in high school”—only by connecting on-chain markets with the vast liquidity of traditional finance can the ecosystem multiply 100x.

---

6. Regulation: The Mark Andreesen "Reason" Speech (73:38 – 79:53)

Chip reads Mark Andreesen’s nuanced treatise on regulation (73:38), contrasting "bad" (bureaucratic, stifling, self-serving) and "good" (enabling, trust-establishing) forms.

Notable Quotes:

"If you mean the dead and clammy hand of the commissar... I’m against it. But if you mean the humble steel guardrail on the mountain road at midnight... I am for it."

• Illustration of why digital asset regulation must protect without stifling.
• Hosts link this wisdom to the AI and crypto sector, warning against both overregulation and regulatory voids.

---

7. Broader News, Politics & Cultural Segments (34:38—73:09 and Throughout)

• US-Iran Deal, Trump at G7:
  • Skeptical, often satirical commentary on global geopolitics and Trump’s brash diplomacy.
• Regulatory Clarity Act and Ripple:
  • Discussion of possible legislative breakthroughs for crypto.
• AI & Passport-Based KYC Innovation (81:44):
  • New privacy-preserving tools could allow AI providers to comply with US-only access, showing synergy between blockchain principles and AI compliance technology.

---

8. “Americana” & Cultural Observations (50:42 – 68:37, 65:32):

• European and Global Visitors in the US:

  • Multiple viral accounts of Europeans and Australians marveling at US fast food, high school stadiums, portion sizes, friendliness, free refills, and drive-thru banking.
  • Mirthful cultural reflections: “Why is this quesadilla the size of my head?” / “Nothing here is small...” (66:53, 67:29)
  • Jeff: “People have no idea the concept of the size, the sheer size.”

• Reflections on American Patriotism:

  • Contrasting foreign admiration for US opportunity and freedoms with domestic self-criticism.
  • Young American after Europe trip: “I’m coming home a little bit more convinced than ever. There is no place on earth like United States of America.” (72:01)

---

Memorable Moments & Quotes

• Ripple’s Institutional Edge:

  • “You don’t build [banking relationships and licenses] in six months... Ripple’s real advantage: not tech, but years of groundwork.” (06:46)

• Brad Garlinghouse on Fox Business (10:24):

  “The Clarity Act allows the United States to lead in an industry where we have been lagging because we haven’t had this clarity. The industry wants clarity and wants regulation.”

• Ashish Birla (23:44):

  “There is no shortcutting the licensing, but that is creating this connective tissue to the real world.”

• On Regulation (73:38):

  “If you mean the dead and clammy hand of the commissar… I’m against it. But if you mean the humble steel guardrail… I am for it.”

• On American Cultural Identity (65:32):

  “Nothing comes close to the usa. The people, the food, the landscapes, the cars, the trucks. Everything in the US simply beats anything I've ever experienced...” – British visitor

---

Timestamps for Key Segments

• 00:01–06:46: Blockchain tech hype vs. Ripple’s real differentiation
• 07:36–20:34: Brad Garlinghouse Fox Business interview (Ripple's regulatory and institutional playbook)
• 22:54–29:25: Ashish Birla (GSR Podcast) on XRP’s real use cases
• 73:38–79:53: Mark Andreesen on regulation — good vs. bad
• 50:42–68:37: Europeans/Australians react to American culture
• 65:32–66:38: British visitor praises US above all other countries

---

Podcast Signature Style and Tone

Energetic, opinionated, banter-driven, and occasionally irreverent, the hosts mix deep industry insight with cultural commentary and humor. The tone invites both veterans and newcomers to the XRP/crypto space to engage, question, and “think outside the hype.”

---

Conclusion

This episode isn’t just about Ripple or XRP—it’s a challenge to the crypto community: Look beyond the next piece of tech. The true moat is built in boardrooms, compliance offices, and regulatory corridors, a decade at a time. Ripple’s real edge is its deep industry roots, not just its blockchain speed. Meanwhile, the broader context—regulatory battles, political shifts, AI, and cultural tides—remind listeners that markets and technology don’t exist in a vacuum.

For more, tune in next episode, and don’t forget to smash that subscribe button!

Transcript

[A]

Hey, do you ever notice how every crypto project claims the exact same thing? Fastest, cheapest, most scalable, best technology. At some point, it all starts sounding, you know what? Exactly the same. What do you think about that chip?

[B]

Well, I think that's mostly has to do with the fact that at some point, everybody sort of equal. Has an equalizer. They sort of equal out. They sort of put the same features, they sort of add things. So someone maybe launches a cheaper chain or maybe somebody copies a feature. But technology is always going to be duplicated, replicated across the board.

[A]

And that sounds spot on. And that's why this story caught my attention. I'll tell you what. Because for years we've heard people argue about XRP versus Bitcoin, XRP versus Ethereum, XRP versus this chain, that chain. Which one's better? But what if everybody's been looking exactly at the wrong thing?

[B]

Well, the funny thing is the conversation, really. I don't necessarily think it's necessarily about the chain or the tech anymore. It's the technology is almost the easy part at this point. I think the hard part, everything that happens outside of the blockchain, right outside the blockchain.

[A]

Like relationships?

[B]

Yeah, like relationships. Licenses, regulatory approvals, key. And depending what country you're in, then you've got what nobody wanted before, to be a banker's coin. Now everybody wants to be a banker's coin. Everybody's vying for positions. So you have connections to banks, you've got the payment companies. Comes down to infrastructure. You know, the stuff that takes a long time to build, years even.

[A]

And you know what? That's actually where things are getting super interesting. Because a threat from GS, a thread from gsr, started laying out exactly why Ripple may have an advantage that most people have completely underestimated. Not because XRP is faster, not because XRP is cheaper, but because Ripple spent over a decade building something that competitors can't just wake up tomorrow and copy. And it's really. It's impressive what they put together.

[B]

Yeah. And if that's true, then a lot of these headlines we've been talking about suddenly start making just a little more sense. Brad Garlinghouse calling out Jamie Dimon for some statements he said recently. The tokenization narrative, the stablecoin push, the banking connections again, the regulatory positioning, all of it's starting to fit together quite nicely. And then on the heels of that, Jeff, we're hearing clarity act by July 4th. I'm a little bit doubting that, but it's a fun goal to set.

[A]

Yeah. I like that. I like that goal. Everyone's bought into the hype and actually tonight we are going to break all of that down and then some. We're also talking AI regulation, politics, Trump's America 250 plans. Mark Anderson. Absolutely unloading, unloading on the bureaucracy and a whole lot more tonight. Stay tuned. There's a ton that we got to get into.

[B]

Guys, whether you're new here or you've been here a long time, don't forget to hit that like button. Subscribe to the channel and help support on the Chain. The AI crew keeps asking for raises. We got to keep them at bay. They got expensive taste, trying to keep them fat, happy, caffeinated and moderately dangerous.

[A]

That's becoming harder almost every single day.

[B]

It really is. It really is. So all you do, smash that subscribe button and let's get on the chain to the moon. You guys ready to take it to the moon? The moon, baby. You ready? Let's go. Welcome to on the Chain with Jeff and Chip. Jeff, I was able to get a drink when all that was going down. I was able to, like, I just, I got dinner. It's crazy, right?

[A]

At all. Five course meal.

[B]

Ought to be fun to just play that because we haven't played that in a good couple years. But that was our original open. It was 26 seconds versus the one you guys usually hear, which is 86

[A]

and 30 minutes long. Welcome back to on the Chain. I'm Jeff here with co host Chip. What is going on? Chip, man, it's good to see you back again. It's been at least 24 hours, maybe a little bit more. 24 hours.

[B]

Only a few.

[A]

A little bit more than 24. And I'll tell you what, I think most people in crypto still believe the competition is about the technology. Who's faster, who's cheaper, who's got more transactions per second. Crazy. Crazy, right?

[B]

You ready to jump into it, Jeff?

[A]

Well, not yet. Got a whole bunch to get into. Because if that's the game, then eventually somebody builds something faster, cheaper, more scalable. That's what tech does. You know what, Chip, it evolves. But what if that's not the game? Because today there's a thread that we're going to get into from GSR that really gets us to start thinking. Not because of what it said about xrp, because of what it said about Ripple.

[B]

Yeah, I think that's a distinction if you think about it right there. Mostly because people tend to think that Ripple and XRP are interchangeable. I think that goes back to some confusion from many years ago when Ripple was. When the XRP was called something different. But when you get right down to it, they're not the same thing, Jeff. One is a centralized company Ripple. The other one is a decentralized digital asset.

[A]

Say it ain't so.

[B]

Oh, it's so. It is so.

[A]

And people are still going to argue that the opposites. It's crazy, right? I mean, there's so much going on really being made that XRP so important. Ripple's real advantage, not tech. But man, it's everything that's being built around it. And you and I have been really talking about and hashing out all. And for years we've talked about the infrastructure, we've talked about the geopolitics, we've talked about the relationships. There's so many more elements of this that have to come into play while everybody's been looking at price charts and the, you know. Right. And the competitive. And oh, XRP is going to become the currency.

[B]

Yeah. I mean if somebody wants to launch a faster blockchain tomorrow, they could. I mean they have and there's a lot of comparisons. But if they wanted the Ripple's banking relationships, Ripple's licenses, Ripple's regulatory approvals, Ripple's years of institutional connections. Jeff, that's, that's a lot. Yeah. If you don't build it in six months, you don't build that in a year. And some of that stuff took Ripple over a decade, decade to actually put together. And the lawsuit didn't help. Things slowed him down quite a bit.

[A]

And that's why when Brad Garlandhouse goes on Fox, Fox Business and calls out Jamie Dimon, which is big. Love that. I think there's actually more going on than most people realize because while a lot of people are still debating crypto, Ripple appears to be positioning itself inside the future financial system.

[B]

And that's exactly, Jeff, what we're going to kind of unpack today. We got some videos lined up. I think we'll jump to Brad Garlinghouse's video first because I think that probably makes the most sense. So I think what we'll do is we'll jump right over to that. But let's listen to the. Brad, it's an interesting interview. We'll probably stop it at a couple key places because it is a long one. But this is just from the other day. It was supposed to play yesterday, but Jeff, we already did a two hour show. We didn't have time to put everything on there. So let's go ahead and play it being here.

[C]

And, and let me just say that galaxy is predicting a 60 chance that the Clarity bill passes for the August recess. That's lower than a previous estimate. But you heard what Jamie Dimon said to me. He's not happy with the Clarity Act. He doesn't like the fact that the crypto companies will be able to pay rewards. He's going to fight it and continue fighting it. He doesn't believe Brian Armstrong at Coinbase is representing the industry. What is your take from Ripple standpoint?

[D]

Well, first, I think you have to recognize that Jamie Dimon has been dismissing this industry for a decade. He's called it a Ponzi scheme. He's called Bitcoin a pet rock. And if you look at JP Morgan, they generate $20 billion of revenue from their payments business and 5 over $5 billion of profit. So I think Jamie Dimon also should be clear that, you know, he is trying to protect and dig a deeper moat for a business that's extremely profitable for them and they want to kind of maintain the status quo. So I think, you know, as much as we could talk about whether or not Brian Armstrong is representing the industry, he's not. He's representing Coinbase and in certain ways he's going to look out for Coinbase his best interest. But at the end of the day, I think what Jamie Dimon did a disservice around when he did that interview with you, which I think was a great interview, is that he's representing that there's. This reduces compliance concerns or it actually makes it easier to do bad things. And that's just not true. It's either intentionally misrepresentation or even negligent to try to make support for the Clarity act go away.

[C]

Okay, well, well, Brad, I mean, this is, this is a victory for.

[B]

She says, okay, okay. I mean, that was a lot. He said, she's like, okay, okay. It's almost like she lost her spot. She's like, okay. Or she's talking to a producer in the air. Yeah, Brad's done. Go ahead and ask her next question. Okay, okay. It's like, it's like she was talking to the producer is so out of character the way she came in there.

[D]

Support for the Clarity act go away.

[B]

Okay, question.

[C]

Well, Brad, I mean, this is, this is a victory for, for Ripple and it's a victory for the crypto industry. How do you turn or convert regulatory victories here where you are looking at a framework and you are looking at the regulation open up for, for the crypto industry, how do you turn that into financial adoption when, when you look at Main street, when you look at potential customers?

[D]

Well, let's look at it. Start with the consumer. 90% of crypto trading right now is offshore, not in the United States. That is a protecting US Consumers. We actually want that to be and have protections by adopting frameworks so that more of that happens domestically. That is a step, you know, a positive step. Now as you know, Ripple is really focused on the enterprise. We serve banks, we serve payment providers, we serve prime brokerage customers, you know, corporates. So we're not focused on consumers. And what we find is when something like the Clarity act gets passed, that certainty allows CFOs and treasurers and bank executives to lean in. Where right now they might be a little bit nervous that a future regulator, a future Gary Gensler who really was attacking this industry, could, you know, rekindle some of those attacks. And so the Clarity actually puts that to bed. As Tim Scott said on this show earlier today, it allows the United States to lead in an industry where we have been lagging because we haven't had this clarity. The industry wants clarity and wants regulation. And when you have Jamie Dimon representing that somehow we're trying to circumvent regulation, like nothing could be further from the truth.

[A]

Mm.

[C]

Well, Ripple is launching a new AI starter kit for the XRP Ledger curated set of tools to allow developers to build agent powered applications and make payments on the company's ledger. Brad, this is a big deal. Congrats on this launch. Tell us more about this.

[D]

Well, we all I think are trying to figure out what AI is going to and how it's going to change our economy, how it's going to change workers, but it's also going to change infrastructure. And you are already seeing really experimentation and science experiments but you're seeing examples where AI agents and actually are enabling payments. And so we want to make sure that we are future ready and future proof is how we think about XRP and the XRP Ledger. There's an announcement yesterday where MasterCard is partnering with about 30 different companies in the industry to help construct some of that. We were a part of that and we certainly think there's going to be more opportunity around that. That's not to say there's not going to be risks. You know, I think sometimes the excitement around these things get ahead of reality. You know, I'm not going to go connect a agent to, you know, my brokerage account or my primary checking account. I'm happy to go Experiment and, you know, do things and let's see where this all goes. But I think there's going to have to be a lot of protections and structure around that before people really connect their bank account to an agent.

[B]

Well, yeah, that's great. This is such a really good interview. Remember, he used to bring him on, you remember in the days of Fox Business, he would go on, it'd be like two or three minutes. You'd be like, yeah, these are. Maria does great interviews, I have to say.

[A]

She does amazing for like an hour. It's like a full segment.

[B]

Well, I mean, an average segment is two to three minutes when they bring a guest on. Sometimes they go as much as four. This one hit here happens to be eight minutes long.

[A]

It's a long segment.

[B]

It's a very good interview. It's really well done.

[A]

And dude, it's amazing that Fox Business talking about the starter kit, I mean, in whose world? You know, if you think like 12 months ago, six months ago, where we think that in the interview the big question would be, hey, you know, or the comment would be, hey, and you guys just launched this amazing starter kit that's going to help people build AI payments, you know, utilizing the xrpl. And she mentions the XRP ledger and they're having it in discourse, conversation, Fox Business Main Street. I mean, this, it's impressive.

[B]

Good thing you point that out, Jeff, because we become so like, I guess, sort of like, I don't know what the right word is, but it's just like we, we kind of forget where we were and where we, where we are today. Like the fact that this is just a normal conversation AI starter kit to help process payments, help people build on the xrpl. It's like, it's amazing, right? It's like a whole of the fact that this is, that even she brings it up. The fact that she even kind of understands it, she's like, well, tell us about this AI and, you know, starter kit for processing payments. So I, I like the direction of that. We become so sort of like desensitized in a lot of ways. We should be pretty excited that these are the conversations because one of the big things we probably should be happy about is they finally fixed the, the Chiron where it says Bitcoin, Ethereum and no, not litecoin. It said xrp. So you said the three top. You offered years, for years we had to put up a litecoin.

[A]

So it's no, like, who knows?

[B]

It's not, it's not along on their graphic anymore. These are called the Chiron. Back on the day they make. There hasn't been a chiron in use since like the 90s.

[A]

What are they called now? I don't know.

[B]

I don't know. But they used to call it the Chiron because it was an old machine you typed it was like from the 80s or something. I don't even know. I don't think I would even know what a chiron. They call it the Chiron. I don't know what the hell that is. But who knows? Someone will find someone to Google it and find out when that went into existence. But there's a lot to be happy about when this going on this interview. And Maria does a great one. I think she has a good rapport with, with Brad. A nice back and forth. Brad's very good with media. I don't know if you guys realize realize this. He knows when to just give enough and then shut up. Like he's consciously telling himself stop. Then she asked him another question. Stop. Right?

[A]

He's got his sound bites down.

[B]

Sometimes you get nervous. You want. And you know, some interviewers that go on, no, no, very succinct answers. Talk for a little bit, you know, 20, 30 second answer, boom. Then cut off.

[A]

And then look at the, the area that you pause. Perfect posture. I mean he just manages himself in, in such a nice way. So no matter what you're getting a good screenshot of, get a good screenshot image, get a nice sound bite. He's getting his message across. Which you think about Ripple a couple years ago when we were talking about all their products and they were, they were confused themselves. I mean as you got into the tech and they just didn't have a good branding of it. Right. It was this X and that X and trying to understand how it all tied together and they're trying to explain it and it was super complex. And you know, in the tech space it's like, oh, this was super exciting because there's just so many layers to it. And I was like that payments stablecoin.

[B]

Right.

[A]

Infrastructure, you know, here's what we're doing, right?

[B]

He's very good. He's very good with media training. Very good. He's. I don't know if you realize you watch it other a lot of CEOs. He's very, very good. Very pro.

[A]

Yeah, he's a definitely. If you're looking to do, you know, train and get some, you know, good tidbits of information on how to present yourself, this is the guy to watch

[B]

yeah, let's listen to the rest of a little Halfway through here.

[C]

Right. And that, that is why I think there is a very significant amount of seriousness on this issue in government.

[B]

Let me just stop this, Jeff. They're putting the bitwise ETF XRP up on the screen. I don't think I've ever seen that on Fox Business yet. That might be a new one, but that's another.

[A]

Been tracking it for a little. It's amazing.

[C]

People recognize that there are risks to agentic AI. We've seen, you know, evidence that they can act or behave unpredictably. So what kind of legislation do you want to see in place place in terms of putting the guidelines and when we look at Congress passing comprehensive digital assets legislation, what does that unlock for Ripple right now that cannot happen currently?

[D]

Well, I think as we have seen, we're kind of late to the game with legislation around digital assets. I think we should get ahead of that around AI. Ripple isn't obviously going to lead that effort the way we have around digital assets. But again, unlocking that clarity, I mean, Ripple has grown dramatically over the course of the last year. Without that, a lot of that growth is non U S. We expect to end this year with $1 billion revenue run rate not including the XRP on our balance sheet. So we're seeing dramatic growth because we're able to serve a broader set of customers. There's significant demand. And even as I said earlier, Jamie Dimon used to only say bad things about this industry. And even he is a good acknowledging things like stablecoins are really going to be an integral part of our future payment system.

[C]

Oh, you're absolutely right. So, so when you look at the growth story at Ripple, we want to take a look at XRP this morning. But where is the next major growth market right now for Ripple? Is it in, is it in payments? Is it at tokenized assets? Is it stablecoins or banking infrastructure?

[D]

Well, we have seen dramatic growth in our, what we call call Ripple Treasury. Ripple treasury is infrastructure. Think about it as a CFO's dashboard. So if you're running a Fortune 50 all the way down to a Fortune 2000 company and you've got bank accounts and currencies around the world having a single snapshot so you can see what currencies you're holding, where your liquidity is, that has been a big growth area for us. And what we know is those CFOs more than ever before are asking, hey, how could stable coins fit into that mix? And the opportunity to Then bring RL USD, Ripple, stablecoin to the fore and solve those payments problems and just making it seamless. I'm super excited about the acquisitions we made last year and how these different pieces fit together and unlock for customers like CFOs, for customers around payments. And our stablecoin growth, you know, we launched that about 18 months ago, and it's already a top five stablecoin. We're continuing to see growth there. And you're certainly excited about, you know, what's ahead in 2026.

[C]

Well, those, those acquisitions certainly made a lot of investors believe that Ripple has become part of the global financial system. And do you want to do more acquisitions to continue scaling up? Do you need that to scale up?

[D]

You know, right now, Maria, it's kind of, you know, focus on what we have. Stick to our knitting a little bit. When you go out and buy two kind of very large organizations, you're integrating those, you kind of want to take a moment and digest. There is, however, a lot of dynamic activity in our industry. You saw Bullish a public company launch, announce a deal for Equinity, which I think is a very smart deal for them. So I think you're going to continue to see opportunities and we will remain proactive. We have a very strong balance sheet both in dollars and stable and in xrp.

[C]

Brad, it's great to have you. We're watching the growth story, certainly, and we will talk soon. Thank you, sir.

[D]

Thanks.

[C]

Brad Garlinghouse joining us from Ripple. We'll be right back.

[A]

She said.

[B]

Yeah, she gave him the cue.

[A]

Yeah, shut it down. He's talking about the possibility of acquisitions in the near future. It's interesting.

[B]

Yeah, poor Max is gonna look like bigger fools than they already do, according to Bob, Bob Wise. And then the true adult in the room in crypto and infrastructure, Ripple and Brad, what else represents better 100. Yeah, he's a, he's a very good. Not only that, too, but I think Maria's really grown, too, from her time covering not only xrp, but just crypto in general. I mean, everybody on Fox Business, they would ask questions or like, you're like, yeah, they don't know what they're.

[A]

They were silly before. Yeah.

[B]

Yeah, they were kind of silly. Now they're, you know, getting into it a little bit more. But, you know, she nailed them, too. She's like, hey, what about the acquisitions they've done? He's like, we're going to focus on what we have in the, in the boat. But, you know, I wouldn't doubt there's something they're sniffing out around the corner but it could be they've got.

[A]

He's got to be planning in the future. They take time down the line like you know what. What would be the next big acquisition fit and who's going to be the right fit. I like I always said their balance sheet strong. You know they're not gonna. You know there's always opportunities out there. Something comes up, you know they're gonna grab it.

[B]

They're not gonna say that 100 and you know on the heels of that interview, another former rippler, Ashish Burla, who is the CEO and founder of Evernorth. He did a really good interview. He was on a. He's on a GSR podcast. That's the guy. Fintech. Fintech Frank. And they kind of sat down and what's really nice is that Ever north pulled some really succinct clips and I really like it was really a lot for me. It was just a pleasure to hang out with the sheesh Burl. I was like chat with her for about 15 minutes and saw him one day saw him the next day. He has promised to come on here. I'll reach back out. Let's get. Let's go ahead and get Hugo Filly on then we'll. We'll go ahead and see if. When we can go ahead and schedule a she's to come on the chain. He said he definitely would. He's probably busy too. We'll figure out a time that works. And then so kind of like right here it's like the first question is posed to him is like why xrp? So he kind of gets into that a little bit. Let's listen in there. These are really short clips World unfold.

[E]

You need the technology. And I really think that XRP as like the engine is really good at moving tokenized value. It's got a built in exchange. A lot of folks didn't know that and. And we're seeing that you know tokenization start to increase on the XRP ecosystem. You know, partially stablecoins but partially with some of these partnerships around Franklin Templeton and others tokenizing. And so I really do think that all the plumbing that ripple laid over the years of connecting into financial institutions like that is hard work. There is no shortcutting the licensing but that is creating this connective tissue to the real world. So I really think that XRP is really around this world of tokenized value and connecting to the real world and exchanging it

[B]

very. I mean this is. He said he Just said a lot right there. But he totally puts it in into perspective. This next one here he starts talking a little bit about tokenized assets on chain going from almost nothing a couple years ago, tens of billions today like another big surprise too. And when you, when you compare that to traditional markets measured in trillions. So this is Ashish's read right here on all about Blockchain.

[E]

Two years ago the number of tokenized equities just alone chain was negligible. It was less than 100 million and today that's 2325 billion and the total market is in the trillions. We are so early on but you can see all the different pieces coming together from the Clarity act to on chain capital and the products all coming together. So in the next couple of years it's almost going to be like how we think about the Internet today. No one talks about are you on the Internet. It is just the piping behind almost all the technology that we use in our daily lives. And I think we'll be talking about blockchain that way as well. And I hope that Evernorth is a household name in that. I hope that it's the, the company that has helped bring tokenization and finance mainstream.

[A]

Ever north man, he's definitely on, you know it's just, it's amazing when you see these companies, the infrastructure and what they're contributing to the space.

[B]

Yeah, it's really good. In this next clip here he talks about the fact that holding XRP isn't the end state. That's another good banger of a clip out there.

[E]

Need more to do with their XRP institutions need more institutional products to do with xrp. So actively working on developing those protocols, those defi products on XRP directly to expand that piece to give more use cases for institutions out there to use. So that's the other half of it is folks got to be able to do more stuff on chain in a regulated environment with the right kind of privacy and the right kind of compliance

[B]

and you know who's making that possible. Flare is absolutely empowering XRP users which was, which is why Saturday you're going to want to tune in here on the chain 8:00am Eastern time. We're going to have Hugo Fest Leon founder and the, and the, the. The sort of visionary behind Flare. He's going to be on here Jeff and we'll be asking questions and only on the chain. Only on the chain. It's going to be a good one. We'll have some good stuff to talk about.

[A]

We're gonna have the best interview that anyone's ever done with Hugo.

[B]

You know why? Because we said so. That's the only reason why you believe it or not.

[A]

So it's gonna be amazing.

[B]

This next clip of the she's talking about nothing on chain and finance works, Jeff, unless the assets are liquid. And so you should be able to like lend against them trades. So he's going to get into that a little bit. But liquidity is always the big topic. No matter what chain you have, it always comes down to liquidity

[E]

catalyst to the ecosystem. And again, you're talking about financial use cases. Nothing works unless those tokenized assets are liquid and there's a vibrant ecosystem around it. You should be able to lend to grant those assets. You need liquidity and all these things need capital. You've got to increase the pie coming on chain. And again, going back to Evernorth, one of the best things that are available is bridging institutional to on chain. This is an easier way to do that and put those assets to work. We don't want to be stuck in another, you know, five years and look back and it's going to be like, okay, this is all great, but the total value of assets on chain hasn't grown. We want to be talking 10x100x in the next 5 to 10 years.

[B]

It's beautiful. Jeff. This is the last and I absolutely. This line. You probably have used this at some point. You know that like one person you know and you're like. You're like, you know that dude. You're like, yeah. And you go like, yeah, he probably peaked in high school. Well, he uses that same. He uses that same line here to talk about something else. Yeah, we all know somebody has peaked in high school. Like that was it. That was Echelon. When I think of that, I think of what was his name? Bundy. On Married with Children.

[A]

He always reliving Al Bundy.

[B]

Al Bundy was talking about. He's like, he peaked in high school because everything was all about. He played quarterback and he had the winning touchdown. And that was like, that was it. That was became a shoe salesman and that was his whole world. He peaked in high school.

[A]

Yeah.

[B]

But this line right here, this, this is the greatest light ever. But I love this number one way

[E]

is you have a lot of capital.

[A]

Yeah.

[E]

You put that capital to work. I mean the. The quick stat out there is defi is pretty much at the same spot it was five, six years ago. It used to be Frank just for other crypto users. Right like, so it sort of peaked out, right? Like it sort of. It sort of peaked in high school, right. Like it never really grew up. But now you have this financial bridge for, you know, bringing capital into these dads that can then be deployed on chain. So it is a way to grow the ecosystem by bringing that pipe or by bringing that bridge from the traditional sense on chain. And you need that to bring those. Those markets together. Right. You need really liquid markets on chain. Otherwise you're always going to be competing with a market that is 100x more liquid off chain. So you have to provide access and you have to provide liquidity.

[B]

We know we need to get. Jeff, let me put this back. Tell you what we need to get.

[E]

Grow the ecosystem.

[B]

We need to get a cardigan like that, like an. On the chain. Those things is just like on the chain. Logos all around, logo cardigans. You know what I mean? Wear those.

[A]

Or a badassery cardigan.

[B]

Or a badassery cardigan. That's like one of the merch items that nobody really has. Nobody really is carrying cardigans anymore. Jeff. I think that would be perfect for us.

[A]

Kick ass. That'd be so cute.

[B]

Badassery. We'll just like badass or something. Like a smoking jacket. You put that on and all we

[A]

need is a sleeveless cardigan.

[B]

A sleeveless card. A sleeveless cardigan. How about a white beater cardigan? You just have the. That would be. That would be something, wouldn't it?

[A]

But we should make one

[B]

about his sweater collection too, because he's got some interesting sweaters. Maybe he won't wear one on the. When we talk summertime, we should have

[A]

done the interview in the winter.

[B]

Yeah. Because he always has a bunch of interesting, you know, cardigans and sweaters and stuff that I think is really, actually pretty nice. So I really have to say that. Yeah, maybe we'll have to figure out. The cardigans are very cool, man.

[A]

I was actually thinking. I was thinking about his wardrobe as he was talking. I was like, man, he's really well put together, right? Just the layout behind him, everything, you know, just from an aesthetic perspective. And then his cardigan and the white T shirt, everything was like, nice. Aesthetically pleasing. And if you wanted to know how to get some caffeine into your system, you know what you do? You get some badass recall coffee. Obsidian. Bold badassery. Go to badassery coffee dot com. Badass

[B]

called cardigan badassery coffee and ot. What could be better than that? What? Right on, Charles. Best Thing that's been said all day by the way, I see those clips all over acts and that show can there today, it's.

[A]

I don't think so.

[B]

People would be too offended by. It was the greatest show ever. I loved it man. Some of those bits. And so I don't know if you saw this the other day but Mike, Michael Saylor, the Internet was melting down because Michael Saylor said. Oh, I never said. I know, I just said because you know strategy now used to be called MicroStrategy. His company strategy sold some bitcoin. He said I never said that strategy wouldn't sell bitcoin. I said don't sell your bitcoin. And so everyone's like oh, giving them like oh, you did say that right. Well Tom Lee, remember we played Tom Lee the other day, he had a really good take. He was talking about, you know, the AI is going to be very vital for blockchain. Blockchain needs AI. AI needs blockchain. Well interestingly enough, Tom Lee visited Michael Sailor during this interview. Look at this Jeff. This is interesting. Ethereum has collapsed. If you're paying attention.

[A]

Sorry, hi, sorry, just one small correction.

[B]

But you're the one who sold 32

[A]

Bitcoin and nuked the whole market.

[B]

It was 32 coins, Tom. 32.

[F]

Hold this.

[A]

Thank you. Please continue.

[D]

Confidence in Ethereum has never been higher.

[A]

There is no second best.

[B]

Gotta love AI, Jeff. It's made for, it's made together, it's made for moments just like that. I mean there can't really is no better way you can say that AI works. Funny is those kind of creative moments. Tom Lee shows up and basically flips a couple times and then you get back to you know, Ethereum's lost the market, they lost confidence. And then he goes okay, pick up the interview. Yeah, Ethereum's the greatest thing in the world. See guys, this is the kind of stuff we bring you. The little weird things that are found on the Internet. The different perspectives that nobody else is talking about. Why? Because we make them all up. That's why we invented all. That's what we do. That's what we're great at doing here.

[A]

Is not the creative creator of Litecoin.

[B]

No, no, you're thinking of God. What was his name? Oh, Tom Lee was Charlie. Yeah, Charlie. He was with Goldman Sachs for a long time. He's a very well known analyst in the, in the financial world. He started his own company a couple of pre match the White House, the mma. Yes, well Jeff, some good things going on we'll start this right here. The first thing that's happening here is that the deal with Iran, it looks like it's done here. Here's a, here's a post from Donald J. Trump on none other than true. The deal with the Islamic Republic of Iran is now complete. And congratulations.

[A]

The real, the real seal on the deal is when it's no longer the Islamic Republic of Iran, when it's just Iran.

[B]

That's exactly right, just Iran.

[A]

Get the Islamic group up to the

[B]

curb, get them out of there. So he says, I hereby authorize the toll free opening because remember, that was one of the things he insisted on. You're not going to run tolls of the Strait of Hormuz. And simultaneously here with authorized the immediate removal of the United States naval blockade ships of the world. Start your engines. Let the oil flow. Ladies and gentlemen, start your engine and let the oil flow. President Donald J. Trump. We've been hearing about this. This is great because he's going to the G7. He's just gonna walk by everybody and like, loser, loser, loser. And they're all getting together at Starmer's house. I don't know what they do. Blow sweet kisses at each other. Anyway, he's, he's already gotten rid of himself. I mean he's statistically out of it. He's, he's gone. This one from President Trump said this great deal will bring peace and security to the whole region. Many presidents have tried to make peace with Iran. Many have failed before me. The leaders of the region have for the first time found a president who can help them achieve real peace with the opening of the strait. Upon the signing of the deal on Friday for purposes of mine removal, oil will flow on both ends for the region and the world. President Donald Trump. J. Trump, you gotta like that. I don't know, Jeff. Iran is pretty slimy. I know when they shot that helicopter down, they were like, oh, it was a mistake. Remember before they'd hear that Iran, Iranian propaganda like, oh we, we, we're gonna just kill all of the infidels. We're gonna kill all of, you know, we're gonna, we're gonna destroy their army now. It was like, oops, we made a mistake. It was a drone hit. We didn't know. That's the first time, that's the first time that made me pause and go, maybe it is different this time. It's first time we didn't hear the propaganda machine rolling up behind the scenes.

[A]

So many of their leadership is gone. I mean, who who are you actually dealing with over there?

[B]

I think there's two leaderships, Jeff. I think there's the weird, the nut jobs in the background and then the new leadership that's in the foreground. Yeah, I don't necessarily think it's the same. I think it's, I think there's a lot of stuff going on. I think a lot of, I mean, they were doing a lot of stuff that nobody even knew about. I think this is going to be the same thing. Oh, this guy has an interesting observation here. He says, jeff, one day I hope MAGA supporters could admit if Barack Hussein Obama had done anything that's like remotely like this, he'd still be hearing about it today. And this is when, if you saw

[A]

her outside the White House, go, kick ass. That is how cool that is.

[B]

Oh, man, look at that.

[A]

Amazing.

[B]

You can't even hear the sound. I can hear it in my ears, but here it is. Look at that. Look at these motorcycles flipping by. The White House flipping. I mean, this is right outside the White House. What do we get from Biden? We got Nick, we got topless trannies. That's what we got. That was. But that, I guess that's okay, right? Anyway, so this guy checks, this guy, Anthony Thomas, this lefty right here, he says the misfit patriot says. What the left doesn't seem to understand that Trump does, is that millions of Americans love like this. He's not pandering to the elite. He's acknowledging the blue collar, hard working, dirt biking, UFC watch and forgotten men and women who make up the majority of the country. Drive 30 miles outside of any deep blue city in America and you could throw a rock in any direction at someone who watches motocross. Trump isn't putting on America 250 for the people who go to the opera. He's putting it on America 250 for the working class.

[A]

Right. Ryan saying the war is all set up just in time for the Clarity act to pass.

[B]

Boom, boom. And you know, we're going to talk a little bit about this today because anytime we had European, because right now we got the World cup happening. United States, well, it's in North America, which is Canada, US And Mexico. And what's interesting is you got these Europeans, Jeff, who've come to the U.S. they're not going to New York, they're not in LA. I mean, they are, but I'm saying, but a lot of the other venues like today was, was I was watching the game with the Netherlands and Japan. That was in Texas. That was in Dallas. Then you have, you have Atlanta and part of that.

[G]

So

[B]

there's in Auburn. So there's like all these places that are just off the beaten trail. And anytime a Europeans, they go to the, they go to Miami, they go to New York City, they go to Chicago. Like all the big blue dirt hole cities where crime and nastiness. They've never really seen the heartland. They've never seen the real people live. You know, what the lefties call flyover territory. Like it's insignificant, you know, the. You fly over, you don't ever land there. So they have that little thing, they go. It's flyover country, you know, country. Well, this is 100, spot on. Right. You got to have things for everybody. And again, to sit there and discount. It is a joke. And we're going to get into some of these Europeans that have come here and are flipping out at what they're finding in the South. Not only the southern hospitality, but the good food. What's going on, Craig Palmer? We got some Brits that came here as well. There's actually one of the Brits that's on here that I actually follow the YouTube channel. And I love this couple. I watch them all the time. There's another Brit that I watch that all he does is watch. All he does is watch videos of people from other countries coming to the U.S. yeah, I love it. Yeah, he has, he has his mom and his sister on there. And his sister ever knows what's going on. Yeah, either mom, this kid, this kid's so clued in. The mom is often left field. The sister's like completely like. There's like air coming out of her head. You know what I'm talking about? You know, this channel.

[A]

Jeff, I've seen him and he's actually traveled over here.

[B]

Yeah, he's been here. But he has to explain everything. He's gonna like spoon feed it to him. They're like, I can't. What? What? And they're like. And he would go into like, well, no, this is. And he has to explain it. And they're like, no, they're always shocked by everything they see.

[A]

Like, they, they are. It is shocking. You think about it, you know, and I was thinking about it more and more, you know, today that the average European, they don't have exposure to a lot of the things we do here. That's why you get a lot of people, they travel from Europe and they come into. I mean, it used to be go to Walmart and buy guns, you know, but. Or Target, you know, you can go, go to Dick Sporting Goods and buy guns, you know, and so, but if they go to a gun shop, they go to a gun range and they get to experience just that, forget about the big sodas. If they go to the Buckeyes and they get the huge sodas, you know, the Big Gulps, you know, or they, they just did stuff that doesn't exist in any other country, you know, and then they can get our microwave food, you know, all the things that they just don't have exposure to. And I think it's a big shock. But even more than that, when they go into the stadiums, they go to high school stadiums, they go to college stadiums, they just, it just doesn't exist over there.

[B]

That's just, you know, they've never heard about it. They've never seen it. So because they go to like a New York or they go to like a Chicago, they've just never, they don't. And what they're really emphasized by. Because I miss. One couple had driven, they were. They go like, oh, it's just. Right, it's, it's in Texas. They drove 10 hours. And like, you can. From, from one side of Texas to the other, you can drive for two days. That takes you two days to get out of Texas. People in Europe don't. They, they don't comprehend that. They're like, ah, it's in Texas. We'll just drive there. No, it's like driving to, it's like the Tip of Scotland down to the, to the, to the, you know, the, the channel. I mean, my God, it's, it's. And they're like, well, you know, even going from here. My kids go to school up in, in Tallahassee. It was seven hours, Jeff. You're not even left Florida. Seven hour drive. You know, you're still in Florida. It's like, if you want to go to Louisiana, it's another three hours. So it's like, it's a lot.

[A]

They have no idea the concept of the size, the sheer size.

[B]

No, they don't have any idea. Especially people in Texas. They think everything's close. And that's a lot. That's the. What's behind a lot of these videos, Jeff? We want, we showed this one the other day where Elizabeth Warren was saying, bitching about Elon Musk becoming the world's first trillionaire. She's like the typical American household, blah, blah, blah. We need a wealth tax, right? They always need a wealthy. Look at all the taxes they raised in California. First of all over a million people left. The rich people left. Their tax base is gone. And they raise taxes and it gets worse. Okay, so she got checked right here. And this is Brad. Bad hombre. This guy is fantastic. She said, you know, every dollar Elon Musk has made is traceable. Every product sold, every service rendered, every government contract awarded, every share of stock bought or sold, all on the record. You, on the other hand. Pocahontas, that. He didn't say that I did. Haven't built a company, invented a product, created anything people willingly pay for. You spent the last 14 years collecting $174,000 Senate salary. Yet somehow you managed to buy a luxury D.C. condo. A 4 million dollar Victorian mansion in Cambridge. And you saw your net worth balloon by 150 to 12 million dollars. Everyone knows where Musk's money came from. The same can't be said of yours.

[A]

Perfectly said.

[B]

I mean, these people are so full of. And then Bernie. Well, Ro. Khanna. What a douchebag he is, dude. My God, how big that is.

[A]

XRP Poker said if you start in East Texas from Beaumont and drive to Los Angeles, by the time you get to El Paso, you're halfway there. Still in Texas.

[B]

That is wild.

[A]

Halfway.

[B]

Halfway. You're halfway there. Well, my.

[A]

Hey, sex is a scam to only benefit itself. So says Ryan.

[B]

Well, Jeff, my power just went out.

[A]

Oh, that's weird. You're all. Your power.

[B]

Yeah, there you go.

[A]

You're back on.

[B]

Luckily, I have a backup. Yeah, I'm kind of back. Everything just went. Now everything's starting out. My printer's starting. Well, we've been getting hammered with some rain up here, so it's like power, you know.

[A]

We had a massive thunderstorm here. So I was watching like as we're driving, we went just a little bit south. Massive thunderstorm coming out of Pembroke Pines. Then we drove to the beach. Sunny skies. It was beautiful there. But you could see this massive cloud. And we're. We're on the beach and the clouds coming. People are leaving. Never came. But I was tracking the. The weather map just in this area. Massive. It just hovered over Pembroke Pines to Davie to. And it was just kind of hovering there. It was supposed to come to the beach down into Hollywood. Never made it there. Yep.

[B]

Look at this here, Jeff. It's weird. Everything. Everything kind of took. Went down a little bit here on my side. I'm gonna skip over that Rokhana thing because it is kind of boring. Because he's. It's predictable. Let's go to this Lizzie Lizzy says, you know, call me old fashioned, but I think New York City mayoral announcement should probably be in English. Well, this is all in Arabic because we got a Muslim communist as the

[A]

mayor because he's not speaking to the American people.

[B]

And it says translated from Arabic. So to the soccer fans who watch the matches in the New York, New Jersey stadiums, please give yourselves enough time to get to the matches. But he had to put this out in Arabic. Now, the best thing of all, Jeff, you know, they put community notes on stuff. Sometimes they put the community note that only does one thing. It enforces the original statement, which is, call me old fashioned, but I think announcements should probably be in English. And sometimes they put these community notes. Look at the community note on this. Oh, wait, maybe it's on the other one. Let's see. Maybe it's here. You know what? They took it off. They took it off because it was embarrassing. The community note said, to be fair. He also put it in Spanish in some other language, Arabic. And I was like, it looks like they removed it because it was just reinforcing this. Yeah, I think they should be in English. Yeah. Who cares if he did them in other languages? The whole point was they should be in English. It was out there. It looks like removed. Sometimes they do a great disservice by doing stupid things. Jeff, let's get to the fun stuff. Let's talk about Europeans coming to the United States. This is the best part. Europeans crying for the last €4. A world cup in the United States sucks. Stadiums will be empty. The games in the United States, so far, there's four of them. And here's what they looked like, people. They have just been fantastic. Boom. Look at that. That was phenomenal watching that. That was. That one. That was Los Angeles. That was the Friday night audience ever in the United States watching a World cup game. Watch that game. I forgot what the. The stats were silly. Number. Then there was Brazil. That was funny. That was a 1. 1. I was shocked with that result. My wife, she's like, are you gonna. What are you gonna do? You gonna watch World cup all day? I'm like, yeah, that's what I do every time the World cup pulls around. Like, watch as many games. This one, this was Morocco. My buddy was at this game because his wife is from Morocco and. And Brazil. And this was in New Jersey. This was in the. The Meadowlands, I think. I think it's called the. Whatever it's called. It's New Jersey stadium. But that was up in New Jersey. He Was. He sent me a picture, and he was sitting, you know, up in this region up here, right around here. He said, I pounded a couple Miller highlights. I go, dude, why'd you do that? He goes, because that was all that was available. So I was like, okay. So he said the. He said to me, he said, you know, all the Brazilian girls think it's carnival. I'm like, dude, apparently you don't have a lot of exposure for those things, like, dress 24 7, middle of winter. That's how they dress, you know? He goes, jeez, they think it's carnival. I'm like, that's how they dress, right? I mean, there's a. There's a heavy Brazilian community, and I go to the Brazilian shops all the time, and it's like, they have a Brazilian bank, and they got a bakery, and the bakery is the best. And I'm like, dad, that's just kind of how it works there. But it was just great. And they're like, the stadiums are shitty. Look at. I mean, look at. Filled the capacity, man. Look at that. Just. Just incredible. In the United States, and of course, they had one in Mexico, and there's. There's one or two games in Mexico on Thursday night. Shout out to our neighbors in Canada as well. So there he goes. There's Canada, so it's beautiful. And Mexico, So that's. It's all good stuff. Also packed. Euros are buying again. There they are, man. And they're just. They're kind of shocked by some stadiums. Yeah, a lot of. A lot of damage and stuff. Anyway, I thought it'd be good to kind of go around the horn here and watch some of these reactions, because these are. These are fun to watch. Jeff, I'm sure you've seen a bunch. I'm sure everybody has, because they're sort of all over the. But here's Europeans reacting. Look at this guy. Now, Jeff, this is funny. In this clip, we're going to talk about this. The guy reacts to this clip. This neighborhood, like, he thinks what he's seen in movies were built just for the movie. Like, he can't believe it's a real neighborhood that looks like stuff he's seen in the movies almost, because, you know, the way neighborhoods are constructed, they're very different. If you go to, like, a neighborhood like, I've got friends in. In the UK and in Europe, you go to their houses. They mostly live in big cities right outside a big city. They're kind of samey, right? So they're just shocked at what these Neighborhoods look like. Listen to this guy. He's like. He can't believe it. Look exactly the same as every movie we've ever seen.

[A]

The American flags.

[B]

People have got race flags up. This old couple just walked past me, and they go, good morning. I was like, what the hell? You guys talk to each other here? Yeah, in the south, they talk to each other. He went to just a regular neighborhood. Dude, my giant flag out front, dude, everyone has their flag out in front. You go to someplace. You go to blue. Go to a blue liberal hellhole. There's no flags, dude.

[A]

No flights. No.

[B]

Zero flags. Well, there's a stat out there. I remember. Don't quote me on it, but it's like 85 of houses that have flags, have guns, that ammunition inside, you know, so they don't. It's kind of a. Like a. It's a no to a burglar. Don't come here unless you want to leave maimed or dead. Like, this is a high school stadium. What? Look at the amount of seats in this place. Do they actually fill these stadiums? Like, do people actually come for the games that. Yeah, they do. You ever seen Friday Night?

[A]

People love high school games.

[B]

Remember, Friday Night Lights was all about high school in Texas, Right? High school games in Texas. And they were, like, always a big show. Yeah, man. It's a big thing. By the way, Jeff, Florida produces more NFL talent than almost any other state. Why? Because the high schools. Because the high schools play it. They play it coming up through, and they end up, you know, going off. Even if they go to a different school, you'll hear when they talk about the guy. You can play for some other school, but, you know, for. For college. And then in pros, they're always from. They're always from Florida. He's out. Because that's honestly mental. Like, that is crazy. There is a ton of seats in here. If this was England, it would literally. Literally be, like, on a little park field with dog everywhere.

[H]

Guys, I'm not right now. If we had Chipotle in Australia, I swear to God, I swear to God, I would be there every single day. It is so good, guys.

[B]

Guzman needs to take notes. Like, how bad is the food in Australia and the UK because, dude, they're flipping out over stuff that I don't even eat. Okay? Not to say it's not good, but I don't eat it, Okay? I don't go to Chipotle. I don't go to.

[A]

You go UK Right.

[B]

In and out burger. I don't go to five Guys, you know, but they just can't believe this.

[H]

Like, what is in this crap?

[B]

It's just incredible.

[A]

Absolutely incredible. There really is, like, no other.

[B]

I honestly think unless you've. Unless you live in America or less you.

[I]

Or unless you visit here, you can't really comprehend how nice these areas are.

[H]

About to have my Alfredo fetuccini.

[B]

Holy. That's the best pasta I've ever at in my life.

[F]

Wtf?

[B]

That's the best pasta I've ever had. I love it here. Happy birthday, Holly.

[H]

Happy birthday to you. That was the best day of my life.

[A]

Garden.

[B]

This is the best ever, Jeff. Like, we don't.

[A]

Come on, come on.

[B]

My wife and I always laugh about the Olive Garden, right? We're always like, do you want to get some really good Italian? We'll go to Olive Garden. She's like, no. Yeah, Mose is pretty good. Welcome to Moe's.

[A]

Got Olive Garden.

[B]

No, the Olive Garden, dude. The Olive Garden is a place that nobody goes to. Like, old people go. Like, it's. I don't know. But she's flipping out over the Olive Garden. Wait till she goes to a really good restaurant, because we have great Italian restaurants here.

[A]

Oh, my God. Yeah.

[H]

Out of 10. Wish I could go back every single day of my life. A beige food girl stream.

[B]

Like, that's got to be that one. All of them. They're so beautiful. Everybody's so friendly. Southern hospitality.

[H]

The air smells nice when you're in the uk, okay. If you're next to the beach, it smells. The beach doesn't smell here, right?

[B]

No, everything's beautiful. I had this guy by himself, but this is. This is good. This is an Italian dude. He can't understand. He doesn't even comprehend that you can get free refills. Jeff, I can refill this a thousand times. Yeah, but you won't drink a thousand cups. And it's free. You paid for it.

[E]

You paid it once, bro.

[B]

Slow down. Look at this. It's the best burger. Honestly. It's so good. And then I also got the animal style fries.

[A]

Oh, my God.

[H]

And diet lemonade for balance. It's pink.

[B]

I just love it here. Like.

[H]

And they give to fight human trafficking, which is awesome.

[B]

They have Bible verses on the bottom of their cup. Never

[H]

if you can see.

[B]

But yeah, look at that burger. It's so good. I love America. I can never leave. I am right.

[H]

Cannot live without this food.

[B]

I've been back home in the uk, I haven't felt like myself, which sounds so crazy. I now live for that Adventure, that crazy lifestyle that. Meeting new people, seeing new people every day. And I just long for it. And in America, it is so amazing. Oh, yeah, it is. Seriously, Americans, what have you done to me? I need to come back. Great. Is this the watch?

[A]

I love it.

[B]

It is so fantastic to watch, man. It really is. We got a bunch of these like this, but, man, I've enjoyed watching these next couple days. There's a guy called Freddy. He's a. He's a German guy. He went into Louisiana. They were talking about him on the radio as he was coming into Louisiana because he said he was going to Louisiana next. Someone rigged up on welcome to Louisiana. It said, welcome, Freddy. So this guy is blowing up. He's got, like 500, 000 subs, you know, followers. He had like. Like 15 or something before that. But here's the extended thing here. Listen to this girl here, Jeff. This. She's flipping out over this. I'm like, this is like. It's so nothing. Look at this. She's flipping out over the soda. And I'm not used to, like, the drinks. Like, if you look here, got all these options. Powerade, no sugar, sparkling water, vitamins, water, no sugar. Fanner, no sugar. Look how cool this is. Minute made, zero sugar. So I'm gonna try. Oh, There you go. 100 plus choices. I'm gonna try. That's what's funny, is, like, still you gotta go through the menu to pull up the other ones. People can't believe you can get a hundred different sodas out of one machine. They're like, what?

[A]

That is.

[B]

The other thing they're doing is they're just pressing the ice thing and watching their cup fill up with ice because they can't believe it either. They're just. The one guy fits, and it just overflows and he empties it. He does it again.

[A]

It's funny taking the ice. I saw that one, too.

[B]

That's funny. This. Then I guess I cook it. Oh, my gosh. Oh, my gosh.

[A]

I can choose our flavor.

[B]

Oh, my God. The Ch Flav, cherry, strawberry, orange. Fruiton's great. Peach, lime. Oh, my gosh. Grape or peach? Peach. Oh, my gosh. Yum. What is this? Hold to pour. Oh, my God.

[H]

And then stop.

[B]

Oh, my God. That is so.

[A]

Oh, my gosh.

[B]

It tells you the calories, too. I didn't expect all those flavors. That is so fun. All right, let's try this. We're in Frontier, by the way. Let me see.

[A]

Oh, my God.

[B]

That's actually so good. I Did not expect that over a soda machine. This is the greatest thing ever. This World cup is great for so many reasons, but just these videos, Jeff,

[A]

because they don't have anything like this was shocking.

[B]

Watch the. Here's one on Southern hospitality. Watch this one, Jeff. This is. This is the couple that I follow. And they're a lot of. They're a lot of fun. They're. They're having a blast here. I don't know how long they're here for it, but they just post all this stuff. They were in Alabama. They're pretty close. I'm pretty close to Alabama. Well, when I'm up here, you know, not too far away from Alabama. It's funny to see the. The what? Alabama is what, two states away, Jeff. You got to go up to Georgia and then right over there, right? So not too far from. From Florida. Now, what's funny about them is that they flip out over, like, they'll make notes and they'll do a whole video on, like, this is what we discovered. One of them was a drive up teller. Apparently in the. In the uk, you can't do a drive through. There's no drive through ATMs.

[A]

They're banks.

[B]

Like, simple things for granted, right? I mean, it's weak. So look, here they are.

[J]

Says, oh, no, the man in the hat already paid for your beers. So we go up to shake his hand. We think it's probably the guy in the big cowboy hat. And he's shaking our hands as a firm handshake. And it's a.

[B]

Funny enough. He buys them beers, right? Didn't even know this dude. He buys them beers. He's got this firm handshake. Yeah. Welcome to America. We don't have those little limp wrists. Okay. You know what I mean? Those little soy boy handshakes. We don't do that here.

[J]

Proper, proper Texas hospitality. He's like, oh, yeah, he's just chatting away, asking us where we're going, where we're from. Lovely, lovely, lovely Texas, man. And then he's like, hold on, wait here, I've got something for you guys. And he gave us both this heavy duty pin from the Amarillo Police Department. And it's heavy. It's really heavy duty. And he's like, this is for you guys. And then everyone's chatting away and we're shaking everyone's hands. And as we're leaving, somebody else is like, oh, I overheard you chatting. Everyone is so, so friendly. Normally this kind of bar maybe would intimidate me a little bit in Texas. No Point in being intimidated because everyone is. Literally has a heart full of gold. It seems like it. That was the nicest thing.

[B]

Pockets full of gold.

[J]

Yeah. And pockets full of coins.

[A]

Oh, my God.

[B]

How amazing is this?

[A]

Canada is the first country to come to mind when thinking about the third world.

[B]

Well, that. But you know, it's so funny how perceptive our. Our audience is, because here is. Here's. Here's one right here, Jeff, that you're gonna love. Here's a Canadian who's been living in the US for two years who went back to Canada, and she's going to talk about her journey back. And geez, it doesn't sound too dislike what we just heard. And that comment, I don't know who put that up. Where was that comment? Jeff Alien. Tron. Right?

[A]

Yeah.

[B]

There you go. Well, it's funny how you guys always guess what's coming next because listen to this.

[K]

Canadian living in the United States. I've been here for almost two years now, and I went home a couple weeks ago. It was the first time I had been back in almost two years. And it breaks my heart to say it, but it just didn't feel like home anymore. I would like to share with you what it felt like going home. So today I made some notes now before anybody loses their mind on me in the comments, because it happens daily. This is not about race. It's not about whether immigrants are good people or bad people. Most people are just trying to build a better life for themselves and their families. This is about what happens.

[B]

That was the disclaimer.

[K]

When a country changes so fast that the people who grew up there simply can't recognize it anymore. I walked through places that used to to feel familiar. The stores were different, the languages I heard were different. The culture felt different, the atmosphere felt different. And for the first time in my life, I felt like a visitor in the place that I was born and raised in. And it wasn't just that. What shocked me even more was the decline. There was people nodding off in public in the middle of the day. I saw homelessness on a scale that I did not grow up with. My town has about 28,000 people. Okay, 28,000. There are four homeless encampments, literal tent cities. That absolutely blew my mind. And maybe some people will be like, yeah, that's normal. Some people may be like, you're exaggerating. But if you grew up somewhere and then leave for a little bit and you come back two years later, and then all of a sudden there's just tent cities all over the place.

[B]

You're going to notice when you import the third world, you become the third world.

[K]

You can disagree with me all you want, because I know that there's going to be to be people who do. But a lot of Canadians feel this way and they're just afraid to say it out loud because the second that you mention it, somebody's going to call you a racist. But asking whether mass migration changes the country is not racism. Of course mass migration changes the country. If millions of people arrive in a short time, neighborhoods change, schools change, communities change, cultures change. And this is not, you know, what

[B]

will never change, Jeff? What will never change is the Canadian team winning the NHL Stanley cup, because, again, a US team is going to win it again this year. That's what. That's what will never change. You can bank on that.

[K]

A judgment. It's just reality. The question isn't whether change is happening, because change is happening. The question is how much change can a country absorb before the people who built their lives there start feeling disconnected from. From the place that they once called home. And standing there after two years away, that is exactly how I felt. Not angry, not hateful. I'm just surprised that the place that I missed so much just didn't feel like home anymore.

[A]

Interesting.

[B]

Yeah. How about that, Jeff? What an interesting investment. Now here's. Let's watch the whole clip of the world of Canada. Who is shocked about the free refills? I can refill this a thousand times. Yeah, but you won't drink a thousand cups of coconut. And it's free. You paid free.

[E]

You paid it once, bro.

[B]

Slow down.

[A]

Noticed he barely has any ice.

[B]

Slow down, it's cold. Slow down. Slow down. Why?

[G]

That was good.

[B]

Because it's free.

[A]

Yes, please.

[B]

Thank you, Brother. Cheers. Another one. Should I finish this one, too? I'm gonna explode. That's too much sugar. You don't need that. That's true, but it's free. Brain freeze. Yes, that's what's happening to me. But it's so good. You just gotta love. This is so much fun for us to watch. Here's another one. This is a European again. Here we go. Talking about the United States.

[H]

Well and truly. Born in the wrong country. I'm a British girl and I have been to around 27 different countries in my whole life. I've been to the Caribbean. I've been to St. Lucia. I've been to Barbados. I've been to Southeast Asia, Thailand, Bali. Places in Europe. I've been all over the world, basically. And Nothing comes close to the usa. You don't say every single landscape, every single climate, every. Like you can get everything in the us. The people, the food, the landscapes, the cars, the trucks. Everything in the US simply beats anything I've ever experienced anywhere in the world. I was born in the wrong country. I feel like I belong in the us. My heart is there. I mean, we found a puppy in the us. We rescued a puppy in the US and brought her home to uk.

[B]

The.

[K]

The uk.

[H]

There are no words to describe how lucky you guys are to live there. Americans are so lucky to live in such an amazing country. And I wish I was there, guys, honestly,

[B]

this is so great. Now this guy, this is probably the funniest clip of all that I'll show. He's just shocked at the size of the quesadilla he ordered. Here we go. Listen, this. This is probably the funniest clip.

[G]

America. When they say everything in America is big, I understand it. Why the hell is this quesadilla the size of my head? Somebody explained to me why this piece of food is the size of my head. And I've got three of them. Nothing here is small. This is. This is. This is a normal water bottle.

[B]

Now what's funny about that? That's a small water bottle. Jeff. He doesn't know that, right? He doesn't know. That's the funniest part about this. He goes. This is. I'm like, dude, that's the tiny swaddle. That's the little one, the little Fuji. I always get the big one, right, Joe? He doesn't know that. Look at this. He's so excited about it too.

[G]

Nothing here is small. This is.

[B]

This is.

[G]

This is normal.

[A]

You're already in the toilet.

[G]

Sorry, let me change my accent for the Americans that are watching. This is a normal water bottle. Why is it the size of my whole flipping chest? My torso. But let's go back to the quesadilla. This. This is gonna enter my body. Oh, my gosh. This one looks like high cholesterol, high calorific, big back material. No wonder the people here are double the size. There's no. Tastes nice, though. There's no such thing as considerate sizes. Everything just big ginormous, extra large 3x's from this one meal alone. I'm probably chomping on 6, 000 calories. My ballet is gonna be protruding like a. I'm pregnant even look outside. Even this building here. Why is the building so big? The building is so big. Everything is so big. God, Bless America. Hey, I've just picked up the other one. The other one's even bigger than this. Oh, my gosh. The other one's even bigger than the last. My belly's already farting. I'm lactose. Why am I eating this much?

[B]

Chase just.

[G]

Just always amaze me. Nothing in this country is small.

[B]

Flip. Why is this the size of my head so great? Why is this the size of my head, Jeff? In this clip, Europeans discovered cheerleaders. I gotta cut the sound on this, but watch this. Watch the look on this guy's face when they discover the cheerleaders.

[A]

All right? Look at them, right?

[B]

They don't have up on the cheerleaders on the screen. Yeah, there they are, shaking their butts around, doing their little cheers. Now watch the guy's face. It's so funny. They've got the Dallas cheerleaders that they're. I don't know.

[A]

Oh, my God.

[B]

Yeah. The funny thing is you don't have cheerleaders at a football match. But they'll know. I mean, like American football, but you don't have it. The greatest thing in all, the guy's face.

[A]

Like, what the heck?

[B]

We forget they don't have cheerleaders, Jeff.

[A]

They don't.

[B]

We not know that they don't have cheer. There are no children. That was so much fun. Just, like, tripping through that, enjoying that. Now, here's another weird thing so true. Do you remember when Justin Trudeau said, Everybody boycott the U.S. he was saying all kinds of. Well, funny enough, he's been dating Katy Perry. They still. They say. But here's. Here's.

[A]

Justin Trudeau is dating Trudeau and.

[B]

And Katy Perry at a game, and he's cheering for the United States. This is at the US Game on Friday night. Look at this. Boy, how times change. Jeff.

[A]

How does that even happen? How is she dating Trudeau? I don't understand how that even comes to.

[B]

To be.

[A]

I don't know, man.

[B]

I thought he was a lesbian. Be honest with you. I mean, quite honest. That. I mean, didn't you. I mean, I thought he was a soy boy. I thought he was. And then finally, Jeff, we got to talk about this kid here. This kid travels to Europe, and you know how we're always told that, oh, they don't respect us, they hate us over there. Well, that's not what this kid discovered this morning.

[F]

I was born in a crowded metro, and a French college student told me that if it wasn't for you Americans, we'd all be speaking German. So she prays every morning to thank God for America. Well, a week ago, I was on a college campus doing one of our Q&As, and an American student told me something a little different. He said that he prays every night that God wipes America off the face of the planet. That contrast right there should tell you everything you need to know about my generation. I've spent the past month backpacking through Europe with some of my college buddies. We've gone through Paris and Hamburg and Amsterdam and London. Europe is beautiful. The history is incredible. These buildings are older than our entire nation. But you know what I noticed? So many young Europeans here seem exhausted. They seem to seem cynical. They're afraid to speak freely about faith or their ideas of government. Less optimistic about their future because the socialist government here hands them everything. So they also tell them what to say and think. They all dream of America and tell us that because they hear my Southern accent.

[B]

Why?

[F]

Because we're not a country built on bloodlines or kings. We're a country built on an idea that rights come from. From God, not from governments. That ordinary people can still challenge power. That freedom belongs to everybody. Meanwhile, back home in America, Americans can't stop hating on our own country. I'm a college freshman and I spend most of my time surrounded by people in packed lecture halls who talk about America like it's a disease. Instead of the greatest experiments in self government ever created on too many of our campuses, patriotism is treated like a personality flaw. Faith gets mocked as backwards. Free markets are blamed for every single inconvenience in life. Students that are born into the most prosperous and opportunity filled nation in human history walk around acting like they're victims because of it. No, America is not perfect. But after spending the past few weeks overseas with some of my college buddies, I'm coming home a little bit more convinced than ever. There is no place on earth like United States. United States of America.

[A]

Right, man. Freshman in college. And the guy's got it. He's got it spot on.

[B]

Now, somebody posted this. Now, I know this is AI, but it's funny. It says Trudeau's transformation into a lesbian is almost complete.

[A]

Oh my God.

[B]

Oh boy. Just love to poke fun at that dude.

[A]

Social is a wet blanket of unambition.

[B]

Ellie and Tron 100. Man, we didn't even get to the and reason. Jeff, you got to read this because I. I'm done talking. It's long, but you got to read this. I think it's really good market reason piece. Go ahead.

[A]

What do we Got here, mark and reason. If when you say regulation, you mean the dead and clammy hand of the commissar, the gentleman who has never in his life built a single thing drafting rules to govern a thing he cannot define, to be enforced by men who cannot read them. If you mean the form in triplicate, the impact assessment upon the impact assessment, the compliance officer who breeds in the warm dark of the org, chart further compliance officers onto the third and fourth generation. If you mean the moat, the deep cold moat that the giant digs around his own castle, and Christians with a perfect perfectly straight face, public safety, the drawbridge he he hauls up behind himself the very instant he is crossed, lest any hungrier and hungrier men shall should follow. If you mean the precautionary principle which had it governed our for our grandfathers would have banned the wheel pending further study of the hill, and left us yet shivering and raw in the mouth of the cave, blessing its excellent ventilation. If you mean the European disease that magnus magnificent open air museum of a continent which produces in our time precisely two things in great abundance, and they are regulation and the etiquette and, well, footnote regret of cultivated men explaining at length why they have produced nothing else. If you mean the license required to think, the permission slip for honest arithmetic, the king's wax stamp pressed upon the forehead of every new idea before it may draw its first breath. If you mean the agency dispatched the trumpets to slay a single dragon which arrives at the cave, surveys the accommodations and moves in, and spends the ensuing century laying eggs and devouring the very villagers it has sworn to defend. If you mean the startup the parishes not of the market's honest verdict, but of the filing fee, the genius decamping by the next tide to a freer and warmer shore. If you mean the law that arise faithful as the swallows, exactly one whole epic too late, helmeted, plumbed, plumed and magnificently armed to regulate the stagecoach, then certainly, my friends, I'm against it. But. But my friends, if when you say regulation, you meet instead the humble steel guardrail upon the mountain road at midnight, the very thing you curse on the easy days and bless on your knees the one night the fog comes down. If you mean the brakes, for it is the brakes and not the engine alone that permit a sane man to drive fast and yet arrive alive, and the buttress without which no cathedral was ever flung so high, but only in spite of which. But because of which. If you mean the meat inspector, it was the single homely reason a man may eat A sausage in this republic without first composing his last one testament. If you mean the firebreak cut clean through the forest before the dry season of the burning, the smallpox cordon, the buoy that marks the channel, the rule of the road that lets 10,000 strangers hurdle past one another in the dark at fearful speed and arrive but by its a quiet grace, every one of them home. If you mean the honest scale and the true weight, the re the reason a pound is a pound and a dollar is a dollar. From not just to row to gnome. If you mean the firm and decent wall between the counterfeit voice and the wit and the widow's bank account, between the deep fake candidate and the ballot box and the eve of the vote, between the loose and loveless machine and the schoolyard it neither knows nor pities. If you mean the simple plank of law that says the strong shall not in the gray dawn and feed the wheat quietly into the furnace and sell the rising smoke as progress. If you mean in the end, the one slender thread of trust without which no citizen will ever dare to use the marvelous thing at all. For where there is no rule, there is no trust. And where there is no trust, there is no commerce. And a miracle that no man dares to touch is no miracle, but only a handsome and expensive ghost, then certainly I am for it. This is my stand. I will not retreat from it. I will not compromise one inch of it. There you go. That's a great thing.

[B]

I mean, what I love about this. It draws this really sharp line between bad regulation. Jeff. And good regulation. And where does it start? He takes it all the way back to the kings and the. And you know, what ended up being Parliament and a really bad system that doesn't work.

[A]

That was a lot.

[B]

And it's. It's kind of modeled after, like this famous speech was given in 1952. I was a Mississippi politician. No, he. And his name was. He went by Soggy Sweat. And so he kind of took that same format and. And you know, you know, about a modern debate about regulating technology, especially here. I think he's taking a dig at this whole thing going on with AI Maybe with crypto as well, a lot.

[A]

There's so much dug into that.

[B]

Yeah, there's so much in there, you know, the difference between bad regulation and good regulation that I love how he opened it up that, you know, bureaucrats, they don't build anything, but they're the ones writing all the rules about what you can do. Right. And do you think under. Like communism and all this, you won't have a SpaceX. You wouldn't have this, you wouldn't have A.I. you know, talking about this.

[A]

Well, there's, it's them, it's all about their interest, it's about their motivation, it's about their power, it's about their cravings and it's a matter of how do you then maintain the power. So if you allowed a SpaceX, you'd be relinquishing power.

[B]

Right.

[A]

But then he kept it so tight knit, even their space race or their missile development. The space race was another direction for missile development. Intercontinental ballistic missile or nuclear capabilities. I mean that was the whole purpose, right? I mean at the end of the day, well, we had to get to the moon first. You had to do the space race first. But it was all about if we could do that, we can also hit you, right? And then it's first strike capability or second, you know, so there, there are so many elements to it. And that was the real race.

[B]

Yeah. When he talks about like the simple things, like, you know, if you think about the right kind of infrastructure, regulation, you know, having brakes on cars, you know, like even he talks about the meat inspectors. He's like, you didn't even have, you can eat sausage that you can, that's actually healthy to eat, you know, things, things along those lines. So he talks about no matter what, you know, everything pounds, a pound of dollars, a dollar type of thing. Touches a little bit about fraud, but the whole idea of the, of this whole thing is that it's so extremely written, you know, and in swords, sort of the sort of, you know, over the top type of thing. But it's, it's 100 cool and it's, and I like entries and the guy's always sharp in interviews and stuff. This, this is a long read, but I thought it was a very good one. I was glad that we read it. We did tease that one. Sometimes we don't always get the stuff. That's right, Jeff. This was really interesting. I want to dive in a little bit of AI. Look at this here, this here, you know what just happened with Dario Modi and Anthropic? So this Renee says like, hey, Dere Ario and anthropic Claude with Fable 5 was the best software product I've ever used. Losing access was a gut punch. I know. I had Jeff, I had read all my research. I had my one prompt to shot a website that I needed to get done. They yanked it. So he says, I know I'm far from alone, but I want to Bring it back fast. He goes at self. We've built this missing piece to make anthropic compliant with the government's directive. A way to gate Fable five and meet those five to verified U. S Customers. Self lets Claude users create and share cryptographic proof of U. S Citizenship by NFC scanning the biometric chip in their US passport. It's privacy preserving. Independently audited and already trusted by major companies at scale. My team's ready to work with yours starting today to wire this in. Everyone in the US wants their Fable 5 back. Let's give it to them. And so this is the.

[A]

Oh yeah. How do people come up with this so fast?

[B]

But this. What I like is you scan the NFC thing. Yeah. With your phone. There's. It's. It's the NFC chip in your. Right. So he shows this whole thing about how this could be integrated Fable. So he changed this. The fable access. You kind of go in there, you enable your brilliant. I mean this is phenomenal because the reason they shut it down was they didn't want bad actors, they don't want foreign nationals. But if you prove you're a U.S. citizen, you're done. Got a U.S. passport.

[A]

Exactly.

[B]

Shows the whole thing. There's the proof. It's on there. High security. You're over 18.

[A]

It's a KYC. I mean it's perfect. It's a perfect kyc.

[B]

You can't hear all the little. I'm hearing all the sound effects going off the bleep, bleep, bleep and all that stuff, but how cool is this, Jeff? I was like, I saw this and I was like, wow. I could literally do that. I get my passport. Beep beep. Done. I'm in. I got Fable 5. Will they do it? Will they do it? No, not a chance in hell. They'll do that. Makes way too much.

[A]

You know what? I'm using Opus 4.8 extra extra high mode.

[B]

Yeah, that works. Some guy said he ran a prompt that almost was like this far away. He says, I'm wondering if it's the prompting or because he ran an extra high too. And he said he different. Which was different when he was. He said it was very close to what he was achieving. Now every once in a while, Jeff, and it happens more and more, is that you have a. A democrat that actually wakes up.

[A]

They wake up betterment. I got.

[B]

Hang on a second. I turned that. I got to turn that damn thing off. That thing's beeping and buzzing in my ear. I forgot that video was still running.

[A]

Betterman woke up.

[B]

Well, it happens. But this. Now listen to this guy. Listen to this Democrat.

[A]

Oh, you got another one.

[B]

Here's another one, Jeff.

[I]

Someone had told me 10 years ago, right around this time, mid June in 2016, that I was going to be a conservative Republican. I would not have believed them. None of my friends would have believed that person either. As a matter of fact, not only would I have laughed in that person's face, I probably would have cursed them out. I would have blocked that person. I would have dug my heels in and I would have said something akin to, how dare you say that to me? Would you think I'm racist? Would you think that I am internally homophobic? Would you think that I am

[B]

a

[I]

bigot and anti immigrant? Because I was propagandized, I was groomed by the mainstream media, including the entertainment and music industries, and I was groomed by the news media to live in a constant state of anxiety and fear.

[B]

Bingo.

[I]

And hyper vigilance and paranoia, all because of the fact that a year prior to that, a man came down an escalator inside Trump Tower who had been known for decades as the symbol of the American dream and a darling of the media, and spoke up against corruption and lawlessness and crime. And he wanted to put this country first. And the news media hacked that speech to pieces, and they twisted his words and they warped it and they used it to brainwash half of the American voting populace into thinking that he was a bigot and a racist. And when certain women in the entertainment world came at him and he went back right at them with the same energy, they called him a sexist and a misogynist. And I didn't vote for him, not once, because I was terrified of him. Moreover, the news media started airing clips of the rallies that he was hosting and showing people who were energized at these giant gatherings and calling them racists because they weren't showing the black people that were in the audience. They weren't showing the Latinos that were in the audience. They exclusively showed people who looked like this. Never once did they show black or Latino Americans that were at his rallies, even though they were 100 there. They didn't show the gay people at his rallies or the lesbians at his rallies. They made that man and all of his supporters into monsters.

[B]

This is only halfway through this. I'm not gonna listen the whole thing, but we're only halfway through it. But it's really good. I mean, he gets.

[A]

I'll tell you, there's distinction with this. And And I've said this to so many people. The biggest difference between Democrats, Republicans, overall, and I try to spread this message, you know, with the conservatives, because it's critical. We'll always have our arms open to welcome them back into the fold. You know, they've left the reservation completely. If it's the other way around, they could give it. They don't care. They don't care. They're going to demoralize you, they're going to demean you, they're going to destroy you, they're going to devastate you. But people like him, they wake up. It's so important, because as soon as they have that little glimmer that they're waking up, you bring them in and, and you just offer that little by little. And how many times have you and I witnessed, you know, people go through this process, and we've seen it on X, some big names where they kind of go through. And like he said in 2016, he would never even believe that he got to the point he's at, guaranteed over the time that from then till now, he had the same exact path to where. Right. That initially it was probably he was explaining and rationalizing why he had a support for a certain cause, but he still needed Trump. Then it was a matter of, well, he's actually doing some good things, but I still don't like them. You don't have to like them. Then it's just like. Well, actually. Right. And then they go through this, but then there's anger. Then they start getting upset about it. Yeah. Then they, they flip the other direction. Right. And then I call, my God, I've been lied to.

[B]

Right.

[A]

And then they finally get to this whole awakening moment and it's, it's so impressive to see it.

[B]

It's funny because I have a Dutch friend and, and, you know, because I was watching. I was watching the Netherlands and, and we used to be really good friends. And she says, how come you don't. Guys don't talk anymore? I go, well, they started making everything about politics, we hate Trump. I go, yeah, okay, good. Yeah, I get it. You don't like the guy. He's an okay. He's an okay. We hate him. Okay, that's cool. We don't have to talk about it. We can. There's a lot of things we can talk about. Like, I have a friend who's a, who's a hardcore liberal. We didn't ever talk about politics. Been friends for 30 some years. We never talk about. He knows I'm a Conservative. I know he's a lefty. We never talk about it and we never get into it, but some people make it all about. They like the fact it's like, oh, we, we. You like. You like Trump's like, so what? Okay, so you like Obama. Okay, I don't care. That's the other distinction is like, we don't care, Jeff. We just don't care if you hate Trump thinks an asshole. Okay, got it. I got your position. You think he's a jerk. You think he's a bigot, a racist, he's a felon, he's this and that. Who cares? I don't care. And. And I said it just became always about the politics. There's another friend of ours, like that closer friend that's like, that's wants to shoot me. All these negative things. And I look at him and I laugh, and that's all he wants to talk about. I'm like, dude, there's so much better, so many more topics to talk about that I just like, who cares anymore? One last thing, Jeff, before we get out of here, we got to see this. Because when Hillary Clinton gets checked, there's nothing better. And she gets checked by someone who sat in the administration. Hillary Clinton said, remember, during today's literal cage match on the White House grounds, no matter what, it's not his house, it's our house. Get a hat, a coaster, a sticker to support groups and candidates who will respect the form and function of the People's House. Well, Buzz Patterson was having none of that. Buzz Patterson used to carry the nuclear football for President Bill Clinton. He says, here, ma', am. Here. Dear Hillary Clinton, ma', am, I was on Air Force Lieutenant Colonel who carried the nuclear football for your husband inside that people's House, and you suddenly so precious about. I saw it up close for two years while Bill was getting blow jobs in the Oval Office from an intern and groping female Air Force enlisted crew on Air Force One. You and your staff treated the military with open disdain, like we were to help, not the men and women sworn to protect this nation. The respect for anything non Clinton was palpable. You lecture about respect for the institution while your husband lost the nuclear codes and shrugged it off. And then when you finally slinked out in 2001, you and your crew trashed the place. Vandalism, theft, glue and drawers, obscene messages, stolen property, the filth left behind for the next administration. The GAO confirmed it. Classy exit from the People's House. The White House belongs to the American people. Not your grifting dynasty. They just elected a fighter who actually respects the military in the office. Keep ripping off poor kids in Haiti, selling your merch and clutching pearls. Sit down. The adults are back in charge. Big Patterson opened up a can of whoop ass there.

[A]

Everyone's forgotten about Hillary. She's come back. You're trying to make yourself relevant again. That's what it is. Yeah, that's right.

[B]

And you know what else they did? They broke off the W's, off all the keyboards because W, you know, was coming in GW. Yeah, GW. They broke the W's up.

[A]

I mean, so there's been two. Two KOs, by the way, featherweight and middleweight. We have a KO, Diego Lopez and Bo Nickel. Diego beat out Steve Garcia with a KO, and Bo beat out Kyle Dawkis with a KO. Round one, four minutes, 34 seconds. Diego took round two, two minutes and 42 seconds.

[B]

I love knockouts.

[A]

We're missing all that. Then there's some more stuff coming out. And I think. Was that. Am I, am I mistaking it? That was tonight. That was all today. Two down. And there's more. More coming. We've got. Sean o' Malley is fighting later in bantamweight. That'll be a good one.

[B]

Socialism isn't beautiful. No, it's. It's a lot of great stuff, guys. Well, thank you for showing. We had a little fun watching Europeans and other folks coming to the US and see in the real US it's not the blue cities. There's a lot that goes on behind there, you know. So she's still around. Apparently she is like, don't worry, she'll be 110 years old and she'll still be on you damn kids. Show's over. Already skipped me, my wife to watch your show. Damn. Don't ever do that.

[A]

Another hour, man. We've been an hour. One and a half hours in.

[B]

We did two hours yesterday. Time to get this done. We get Hugo on, it's going to be an hour. I told him, I promised him it'd be an hour.

[A]

So an hour plus an hour. It's going to be an OTC hour.

[B]

Yeah. Remember in the old days, Jeff, we used to do another show called the after show and that was all just us bullshitting about movies and all that stuff. Those were actually a lot of fun. We would get a guest on, he's like, hey, got another half hour. We'll do the after show. And then we put that on a different. That was on cinema back then to

[A]

do that when we move her to Riverside, because with Riverside, we can actually invite audience members into the chat with us, which would be kind of.

[B]

Well, I think we'll be running that. So we. Let's try to run that for Wednesday because we're going to need that for Saturday's interview to try it. We'll have to start loading up the assets and we'll get. We'll do it. We'll do it on there. And it's got. There are some issues, but we'll get through it. Come on, man.

[A]

Little technical issues. Come on, man. Come on, man.

[B]

Sure. I appreciate, man. Appreciate it.

[A]

That's all we got. We'll be back Wednesday night, 8pm Eastern Standard Time, right here on the chain. That's right.

[B]

And as we played the new, we played the old, old open. We're gonna play the old, old Outro, which is also a little longer. See you guys in the next one.

[H]

Chip and Jeff, are you down with otc?

[B]

Please, like, subscribe and click the bell to be notified when the next video drops.