← On The Chain - Blockchain and Cryptocurrency News + Opinion
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- [00:02]
A
And the system just chose xrp. Whoa.
- [00:07]
B
We're coming right out of the gate right here. Really hot and heavy here today, Jeff. Fast, huh?
- [00:12]
A
Exactly. I mean, seriously, Chip, at what point do we actually stop pretending this is all coincidence?
- [00:18]
B
Yeah, exactly. So this is interesting. You have cme, nasdaq, clarity, ACT momentum, and then at the heart of it, you got XRP being discussed alongside the biggest assets in the world.
- [00:30]
A
Man, it's. It's so exciting. Tell you what. Flare unlocking deployable XRP liquidity. Flare's making big moves.
- [00:39]
B
Yeah. And I love what's happening with AI. AI is totally getting closer to autonomous finance.
- [00:45]
A
Yeah, that's right, man. We've talked a lot about the autonomous finance game changer. Somehow people out there still think this is just another altcoin conversation. I don't know how they.
- [00:57]
B
Well, that is the crazy part, Jeff. That is the crazy.
- [01:02]
A
It's really funny. I. I don't get it. Even the YouTube fanboys, that's what they're out there talking about. Most people actually still staring at price candles while the actual infrastructure chip is actually being deployed right underneath them. They don't even know about it.
- [01:17]
B
And this is kind of where it gets interesting because today wasn't just another crypto news cycle. Kind of starting to really feel different this last week. I'm starting to feel a big shift, man.
- [01:28]
A
That's really the truth. It really did. And once we start connecting all these dots, the actual. The picture starts zooming out. Gets really, really hard to ignore.
- [01:38]
B
Yeah. It's because individually these stories are interesting, but you put them together, starts to be a different picture all together. Whole different conversation.
- [01:48]
A
Yeah, exactly. I'm glad you brought that up because the bigger question now really becomes, did the system already make its decision on XRP before the public actually fully realizes what's happening? I think it's really. That's what's going on.
- [02:02]
C
Yeah.
- [02:02]
B
And that's kind of what we're going to dive into today. Let's go. Welcome to on the Chain.
- [02:15]
A
Welcome to on the Chain. This is Jeff here with co host Chip. What is going on, Chip?
- [02:20]
B
Well, it's another Saturday, Jeff. Another news cycle. More about xrp. What's going on? I think that everybody here in the OTC community. How's everybody doing?
- [02:30]
A
What's up, OTC community? Today's conversation is big. Let's call it bigly. It's a big one because we're not just talking about XRP price action. We're talking about infrastructure. We're talking about institutional positioning. We're talking about what happens when regulation, liquidity, Rails, token classification, AI systems and global financial infrastructure all start conversion at the same time. So they one time fast, three times in a row.
- [02:59]
B
I couldn't even get time is enough. Well, you know, honestly, I kind of really don't even think that people kind of really fully understand what they're watching unfold. They hear the buzzword AI, they hear blockchain, but they're not really kind of connecting the dots of what it really means for the future moving forward. And even though banking is having a big deal with the Clarity act, look, legacy systems aren't going to survive.
- [03:22]
A
That's it. And I'm glad you, you know, brought up AI because I know you're spending a lot of time in the AI
- [03:27]
B
space as you are.
- [03:28]
A
Yeah, I think I was, I was on until like 1:00am 2:00am yesterday, as things are processing I couldn't stop thinking about it. So 6am I was back down trying to figure things out. But this week wasn't just crypto news. This really actually did feel like the system itself is actually moving one step closer toward, towards a formal integration. And we're going to break it all down because you, you brought it up. Clarity Act Momentum, CME and NASDAQ futures, including XRP commodity classification discussions flare, got to bring up flair because they're making big moves and FXRP deployable liquidity. And then let's talk about the AI and financial rails and why all of this makes matters so much more than the short term price action that everyone's so, so hyper focused on.
- [04:18]
B
Yeah, it's really important everybody. So you have to listen to this conversation with some new ears, entire conversation beginning to end. Because I think when you start looking at all the pieces together, you'll start seeing something totally different emerge and the implications really become way bigger than most people even realize. Because individually the stories, yeah, they may seem disconnected but again, one of the things you're always going to find on the chain is we connect the dots not only from crypto, but also geopolitically because it's all connected. And so by the end of this episode, I think you'll really kind of start getting an idea of one of the clearest signals yet that really xrp, the whole Bitcoin, you name it, the entire crypto market is moving into the financial system itself. So Jeff, it's time to get into it. Let's put our first story up up here which is always going to be a We always like to start off with a banger and all I have to say is, thank God for crypto, Eddie, because if it wasn't for her doing real research, I don't know. I don't know if I know about half of it. She's one of the best researchers, hands down in the business. You can always count on what she's reporting on, and she always brings the receipts. And so I see a lot of stuff, you know, my feed and my ex feed, but not everybody will break it down as succinctly as her. And I always like to, you know, give a shout out, because I think it's important that we start really understanding, you know, what's happening in the space itself, you know, and we'll give our. We put our own spin on. It's kind of what makes it interesting. But I'll throw this one story up here because this is something that we've wondered about. So since David Schwartz has left Ripple, kind of always been saying, like, who is. Like, who is replaced? There hasn't been an announcement on a chief tech officer at all. And, oh, boy, I'm getting some. I'm getting some AI warnings here, Jeff, which is not good because a lot of my stuff is. Well, I just. I have. Yeah, well, I'm gonna probably have to. I'll probably have to do a restart at some point here just because I'm getting my. My. Unfortunately, because I leave my AI windows, it blows out Chrome. Chrome's at like over 3.8 gigabytes right now. Oh, yeah, yeah, it totally. It totally blows out my Chrome. And I'm like, oh, man, I hate you guys so much. But it definitely does that. Anyway, let's jump into it and then.
- [06:33]
A
I can't.
- [06:35]
B
You should restart every time. But I leave all these windows open. I'm that guy that has all those tabs open. So one of the things she said was, who is the closest? Look at this right here. Who's the closest CTO emeritus at Ripple? David Schwartz, according to David Schwartz, more in her YouTube video. But she put a clip of this up, and I'm going to go ahead and put it on screen right now. But here it is right here.
- [07:01]
D
The head of Ripple X Engineering authors an American Bankers association article, which is. It's a very unusual place to be, let me tell you. There were years where they didn't want anything to do with anybody in crypto. And this is IO, I can't wait to play for you this short clip that David Schwartz says about IO yes, David was in a space last night, and there are so many Great clips floating on X. But I do want to bring this one out because. Well, I will just let you listen to it right now.
- [07:36]
A
Another incredible experience. I was with I.O. who's the, the new Ripple X head of engineering. Amazing person. He's probably the closest Ripple has to have a replacement me. I mean obviously they're never going to find anybody who has the same skill set. They'll find people who are better at some things, not as good at other things. You know, he is the closest to, to somebody who has like the same kind of, you know, the same kind of strengths and weaknesses that I have.
- [07:59]
D
So in his article, defi programmable collateral, tokenization and privacy are some of the key infrastructure changes that are being built today. However, the big problem that blockchain is solving is the settlement gap that is bringing everything from two to three days to an instant atomic settlement.
- [08:26]
B
Think about that. Jeff. It's pretty interesting, right? So I kind of always wondered about IoT because I see him really being a thought leader over there. But you know, just so for people like. So I used to work with banks a lot and American Banker was like one of the publications I would read very often to keep abreast of what's going on technology wise. It's a very traditional publication and what she's saying is 100% right. You have to have a subscription to read most articles anyway. It's kind of like, you know, gate locked. And I will say that like, it is surprising to me that even though on one hand you've got the banks being a total stopper with this Clarity act, because the other thing that I'm hearing, and I think it's bad, is one of the things in the Clarity act was protection from developers. Developers got protection. It looks like the Democrats are winning the war. Stripping that out just to kind of put this over. They're anti everything. I call their new name is the anti Everything Democrats. They stand for nothing. They always raise up the victims, the people who are getting pummeled. They don't, which is the American people don't want anything to do with it. And you know, it's become just 100% annoying on so many fronts. So I just, I kind of just wonder, you know, where this whole thing is going because they are non stop with the, with the, with the hate and the vitriol. Here is, here is too much. It's too much. It's, it's. Oh, it's, it's just 24, seven orange man's bad. But you say bring a solution. I Love getting in any discussion on X, I go, okay, great. Okay, so things are not going well, things are bad. I get it. What is your solution? Crickets. They don't. There's no solutions. You know, Elizabeth Warren's on there 247 by the way. All the things she wanted, no one even listens to her anymore in the Democrat party. Like they, none of the things that she wanted to get across the line or she's opposing. And even though it came out of committee, one of the guys who voted on it, one of the, the, one of her associates, I would say henchmen, he was like, just because I voted to get out of committee doesn't mean I'm a yes vote kind of bullshit is that this is right, this is, this is non partisan, this is crypto. This is like for Americans. But no, but if you said like it was for a bunch of Muslim rape gangs, they'd be like, sign it, get it in.
- [10:40]
A
They're all over it.
- [10:41]
B
They're all over it, right? They'd be all over it, you know, in a heartbeat. Here's Brad Garlinghouse. This is Brad Garlinghouse on xrp. Listen, what he has to say about xrp.
- [10:53]
E
I'm Brad Garlinghouse. I'm here for my second crypto in a minute here at XRP Las Vegas. So we're doing something special to make it XRP in a minute. I'm Brad Garlinghouse and I'm back for XRP in a minute. What makes XRP unique? Let me go way back in time and talk about the earliest inventors of XRP ledger who had been contributors to the core of Bitcoin. And they saw in that an opportunity to build something specialized and specific and unique to really solve a payments problem. And so what makes XRP so unique is its speed, settling transactions in three to five seconds, its cost, extremely low cost, fractions of a penny per per transaction and its scalability now Having completed over 4 billion transactions, you add in that with a special dash of an incredible community around xrp, what I like to call the XRP family. Sometimes we're going to be the XRP army, depending upon what's going on.
- [11:52]
A
It's like the OTC put those things
- [11:53]
E
together and you include the longevity of this blockchain. You have something special and unique that is poised for great success in the years ahead.
- [12:03]
B
That was succinct and very good.
- [12:06]
A
Oh yeah, Tommy Robinson rally in London.
- [12:08]
B
Oh yeah, we have stuff on that. By the way, I have to tell Tommy Robinson, Tommy, I really love you, dude, I appreciate you. You know what's great about rallies? They make you feel good inside. They make you feel like you're accomplishing something. They give you that spirit, and then you go back home and nothing changes. Why?
- [12:24]
A
Nothing of.
- [12:27]
B
That's why you take your country back. Not by going watch Harvard, Riley. Keir Starmer's evil. Well, I had news for you. Keir Starmer's out. And you know who he's going to be replaced by? Keir Starmer 2.0. Who's going to be worse than Keir Starmer? The leftist always put somebody a little bit more left in the position. Like, they start off with, like, saying all the right things. Oh, the leadership was bad. And we're going to do things differently, and they're not going to do anything differently. So you either, you either find a way, and I'm not calling for revolution, but you have to start making things that work, or you lose your country. And, and losing the UK is way too. That's exactly. Joe, buddy. That's exactly what it needs. It needs 1776 because. And I love Tommy Robinson, do not get me wrong. But I have to give him. I have to tell him this is. This is just a nice, pretty picture. And everyone's going to be happy for one day. And look at. We're all together and everyone goes to the pub, has a pint, and then they go home and they get up their miserable jobs and go back to bitching about the tax, the migrate, immigration and all that stuff, and nothing ever changes. You guys take it back. Stop with this already. Sorry, Jeff. That's my, that's my rant for today. Enough of this, all right? Get busy. Organize. You guys have the numbers and thinking something's going to change with government, you know, at least you got people rising in the background, right? So you have Nigel Farage, you have what's, what's the other dude's name? I can't escapes me right now. But you got things that are happening. But again, I think that's timid, too. I don't know if Nigel Farage has the fortitude of a Donald Trump. I just don't know. And I don't know if I don't
- [14:01]
A
think that he does. He's already shown that he doesn't.
- [14:03]
B
He's already been weak on certain things, which I think why he's been sort of displaced a little bit. I, I just, you know, I, I like the guy. I've liked him for a long time. But again, the problem with, with the UK Is every, is this, is. Everybody is too kind. They're going to be nice. I don't know how that would go over well. You can see how it's going over here. You got everybody up in arms. You got the, you got the, the Republicans, half the time they don't understand what Trump's actually accomplishing. So they're missing it all. They don't understand what's happening with AI and blockchain. It's like you don't understand if you don't, if you're not on the top of blockchain and AI, you're getting, you're going to get destroyed economically, you're going to go under. That's how big it is. What do you think Trump was doing in China? China.
- [14:47]
A
China.
- [14:48]
B
He was there for a reason, Josh.
- [14:50]
A
He was crushing it over there.
- [14:51]
B
He's crushing it so. And that was really fun. Here's another thing Crypto Eddie came up with, which is another phenomenal one. She said there's a press release from the United States Committee on Banking, Housing and Urban Affairs. And what's interesting, Jeff, is they quoted, they actually quoted Brad Garlinghouse when they put this out. So it says the Senate Banking Committee is putting in the work as it moves the Clarity act forward. Again, this is a quote from Garlinghouse. Incredible leadership. Millions of American are already in the market. Ripple stands behind this bill because they deserve the same rules and protections as every other asset class. And if the largest economy in the world is going to lead on crypto, and it must, this is the moment, says Brad Garlinghouse, CEO of Ripple. I love that. Very well said, very well said. And it's cool because there's been a lot been made of, you know, Brian Armstrong. Like he's some magical guy leading the fight. They run an exchange. Brian, okay, you're not, you're not the world's leading fintech company like Ripple. I mean, you talk about what Ripple's doing. You didn't, you rolled over when the SEC was like at your doorstep and you were like, sure, bend the knee. You didn't put up the fight. You didn't spend $200 million on a fight, you know, for the industry. So sit down. That's what I have to say. I like Brian Armstrong, but sit your ass down. He actually, he's acts like he's single handedly, like doing something pretty big here. David Schwartz came out with this. He said, scam alert. There has been a huge escalation lately in airdrop and giveaway scams targeting XCRPL users lately. And any such posts you've seen, they're all likely scams. And anybody claiming to be me on Instagram, Telegram, almost anywhere else is a scammer. Stay safe XRP fam. That's interesting that he's calling a fam now. He's not. He's not, you know, he's on the board of Ripple, but he's stepped away from his position. He's being a little bit more friendly. I love that. Stay safe XRP fam. And then the XRP Ledger foundation commented, saying about the scams targeting the XRP community. Yeah, you know, if it doesn't seem right, air drops, giveaways. Nobody's giving away airdrops to make. Yeah, flair did it. Okay, but that was. We knew that that was legit. But no one's gonna be like knocking on your door, giving you stuff for free and like, hey, this is great. No, you know, David Schwartz isn't reaching out to you on Telegram. So, guys, be vigilant out there. We can all. It's easy for us all to kind of in a brief moment, get excited about something and pull the trigger and know that we're going to get scammed out of a lot of money.
- [17:28]
A
So you can win a million dollars today. Million dollars in xrp.
- [17:33]
B
That's the downside of AI. It's making scammers more. More powerful. Unfortunately.
- [17:38]
A
That's scary.
- [17:39]
B
That part is 100%. It is scary, man. And look at this right here. So you have coin, market cap, hot topic. There's 16 tokens in the Clarity act list. So you've got Bitcoin, Ethereum, XRP, Salon, and there's 12 others that stand to gain permanent commodity status. I like that. Permanent commodity status. Some say bitcoin's the anchor. Some say that XRP gets the biggest unlock. Others are betting on link which ones benefit the most. And there was this cool article that was put up. I like this. Here we go. Somebody just talked about this. I don't know who Segsy is, but it said Clarity act passes for a lot of crypto projects. That headline would change everything overnight. But among the 16 tokens the most exposed, the US regulation. XRP still looks like the biggest winner after years of SEC pressure. Any law that clearly separates commodities from securities could completely reshape XRP's narrative. The market would likely react fast. XRP has been held back by legal uncertainty, more so than weak adoption. And that's why traders see it as the most explosive beneficiary. A cleaner regulatory framework could Open the door for more exchange listings, institutional products, broader banking integration around Ripple's ecosystem. Solana and Link also look incredibly strong under Clarity style framework. Solana already dominates in speed, stable coins and consumer apps. Also transactions as well. Transaction time and then chain Link sits at the core center of tokenized real world assets on chain data infrastructure. And if institutions finally get that legal confidence, both could seriously attract capital rotation. Then there's projects like ADA and hbar and ICP that might quietly benefit from over time. These ecosystems already lean heavily into decentralization infrastructure and enterprise use cases. The biggest shift in the Clarity act may not be the price action. It just could be the moment that institutions finally stop treating major altcoins like regulatory landmines. What are your thoughts on that?
- [19:44]
A
Go back to that last statement. That's really interesting. They, they want. The biggest shift from Clarity may not just be price action. It could be the moment institutions finally stop trading major altcoins like regulatory landmarks. Well, yeah, I think you know, that that could be, you know, a big move. But right now the financial institutions are looking at the crypto space and like I, I don't know if we can get into this thing. I mean they're getting into it, right? We have the Bitcoin ETFs, we have XRP ETFs because it's very still speculative in nature. They're creating more of an investment vehicle, but the utility of the vehicle and I think that's where they start really building out their platforms based in the crypto space. And Ripple has really proven it. Flare has to go institution, but they're building out a phenomenal platform. The Clarity act is the transformative move to where big institutions are like hey, you know what? On mass we're going to adopt this. This is going to be our, our core infrastructure. What we could also see with Clarity act and the stable coin and just the whole functionality of crypto, the identifier of where it goes also pushes us to full utility options within blockchain. There's probably going to be more legislation that needs to come down to clarify that. But we can also push to show that any public information has to be put in blockchain, that it needs to be transparent, it needs to be visible, it needs to be non corruptible data. So right now we see expenditures can be corrupted. We can, we know accounting can be fudged. We see all sorts of corrupted individuals within Congress and they're enriching themselves. Okay, let's see where the money sources are actually coming from. Right. Everybody is super hyper focused on certain lobby groups as an example. But who are the biggest lobbyist groups in the United States government? Which countries are actually the largest lobbyist groups? And where, where does a bulk of the money actually flow from? China and Qatar. And so when you start actually looking at the real money flow, who's manipulating our congressional representatives, who's manipulating our universities? Right. And we can have this conversation deeper later. We know that, we know that the libertarians and the leftists and some of the others out there want to label one specific country and, and one specifically religious group. And we can dig into that later. But if you actually look at real numbers and real fact, you know that Qatar and China are some of the biggest sponsors and the biggest financiers of universities in the United States and corrupting the minds of the youth and also our government. So think about that for a minute. But why is that critical? Because once we can get clarity on legislation for implementing blockchain technology within our government ecosystem for accounting and also voting, now we're, now we're in a pivotal moment for the future of our country. And that's big, but it has to start someplace. That's why the clarity act is so, is so vital. It's so critical right now. You know, we really need to know exactly how we're going to get there. And then now it's transformative. So step by step stepping stones. But this was really important. Definitely.
- [23:12]
B
Oh yeah. And then here we have second life Philippines. Shout out to Chip and Jeff. It's crypto navigator saying hi crypto navigators and OG man, good to see you. Great that you could join. I mean it's fantastic. Any thoughts on defy, flare and spectra? Well, we have thoughts on defy and flare coming up, so stay tuned. That's happening as well. I like this by Joe Buddy. This section also prevents the SEC from determining that a digital asset is a security if prior to enactment a U. S. Court determined in a non appealable judgment that the digital asset was not a security. So it's like that regulatory clarity is going to be huge. I say huge. It's gonna be, it's gonna be absolutely huge business.
- [23:55]
A
Jeff.
- [23:55]
B
Yeah, this is right here. This is impressed. James Boone. This is right, guys, pay attention. He says, I've seen a couple YouTube videos telling you to send your XRP to them. You'll get double sent back. I thought it was a scam right off the bat. So hopefully people have common sense.
- [24:11]
A
They don't. People get caught up in that stuff.
- [24:13]
B
It's sometimes you get excited and sometimes you think, oh wow, this is amazing. You know, and, and the problem is, is like the fact. YouTube video.
- [24:20]
A
Yeah.
- [24:21]
B
And like they're not detecting the apps. Blatant fraud in there. And they're using Brad Garlinghouse. They're doing AI videos that he's doing a ripple airdrop. Guys, nobody is. Nobody is. Nobody credible is doing this. So guys, stay vigilant. Really have to be. Look at that. Hey, Shout out the monkey business. He's been here a while too. Agreed. Monkey business has been for. He's another og. There's so many great people that it doesn't matter what's going on. They do not get spooked.
- [24:48]
A
You know, that's it. Well, Second Life saying he misses hanging out with us. Why? Because there's a 12 hour difference.
- [24:53]
B
Right on.
- [24:53]
A
Right now it's. Right now it's quarter to nine at night, so it's perfect. So Saturday is a good day for you to hang out. We get it. You know, Sunday, you're probably working Monday morning, you're probably working Thursday morning. You know, Saturday is the day you can hang out with us, which is great. Unless you go out then.
- [25:10]
B
Unless you're having fun. Look at who else is here. Look who else is here. Karma. Karma. Michael, another OG. There you go. So you got a lot of OGs hanging. I love that. It's what we always appreciate. You guys, this here, Jeff. Coindesk. This is great. When you see this out of CoinDesk, CME Group and NASDAQ. I hope you're. I don't know if you're at the rally today, but go feel good. Yay. The CME Group and NASDAQ announced a launch of a crypto index, futures tracking. So you got Bitcoin, E, Solana, xrp, ada, Link and XLM in one single contract. So you're starting to see that grouping of those, you know, that we talked about, that's in the regulatory clarity. And let's face it, yeah, they're the ones that are mentioned. But it's going to be all of you know, you have. There's things you have to prove with this new clarity build. But it's essentially the, the whole. What we call altcoin. The reason we call them altcoins, because we're assuming the Bitcoin is the only coin. I even hate the term altcoin. But digital assets are going to get some clarity. But I love this. I mean there's no two bigger ones than CME and nasdaq. Like this is finally in the public conversation, it's not hidden. It's not like, oh, what's crypto? We're way past those points, Jeff.
- [26:22]
A
Yeah. Hey, when is NASDAQ moving to Miami or Palm Beach?
- [26:26]
B
You know, I think Miami is going to become the new financial capital of the world because people are fed up with what's happening in New York. Speaking of Flare, we got this right here. Flare devs from Kraken, Binance, Crypto.com and OkX, which are exchanges. Flare define one withdrawal. The new F assets flow. They set, you set the tag once, then every XRP withdrawal arrives on F XRP ready to deploy. And this is just a little video kind of showing you, you know, what it, what it's like. There it is on Binance so you can see how it. I mean this is big to have this much involvement with Flare on these. These are big exchanges, right? So it's pretty cool you're seeing what's happening right here on, you know, as this little. There's no music or narration on it, but it's just stepping through the different exchanges and how they work. Then we've got this. Hugo commented saying direct withdrawal of XRP to Flare from an exchange. It's such a great use of native XRP functionality, flares, data flares data protocols and the FXRP system. And Hugo has agreed to come on there. I did. I had pinged him again and he's just busy, right? He's building a freaking amazing thing. So you know when he has time. But he has agreed to come on the chain and have a conversation with us. It'll be probably like no other you've seen. We'll probably ask him a lot of questions. We'll get into some other things as well. Like I said, I had the chance and privilege to meet, meet him at a up at and spend some time with them. About 10, 15 minutes, just chatting with him. He's a great dude. I love, you know, the direction, leadership from him and where the project's going. So I have to say this huge
- [28:03]
A
shout out to Hugo and I can't wait. I can't wait to have mod and really dig in because we're such huge fans of, of flare activity. I don't not gonna, you know, give anyone advice on the flare token specific but just in terms of their activity, of their company, what they're building, where they're moving, removing silos, getting cross chain functionality, that's where it's all at. So from that side of it, I would like to see when they actually go live. Real time and get some institutions utilizing their technology and start seeing that build up and you know where that can go to. Exciting but just. Hey, quick note on the massive migration of finance, of the finance industry out of New York, heading south. And this is a really important note. $1 trillion in managed assets and thousands of high paying jobs have left New York for Florida, Texas and Tennessee. One trillion in managed assets. Imagine that. So Florida, between Miami and West Palm. Citadel hedge fund giant Ken Griffin relocated the firm's headquarters to Miami, developing a $2.5 billion campus not in New York. And then other heavyweights, Elliot Management, 0.72 and Millennium Management have all established major presence in the Palm Beaches. Wells Fargo moved its wealth management headquarters to West Palm Beach. And then Dallas, Texas gets Goldman Sachs. The mega bank is constructing a massive 800,000 square foot campus in Dallas and it's opening up in 2028 and consolidating 5,000 employees in Texas. JP Morgan that has 31,000 now has over 31,000 workers in Texas, more than its New York headcount. And then Tennessee benefits Alliance Bernstein transferred its global headquarters from New York and moving, relocating 1,000 jobs to cut costs. So while New York, and this is all kind of AI pulling in some different articles, but while it's still the primary global capital for large asset managers, financial heavyweights are aggressively carving out major business units or establishing secondary headquarters in the south to avoid higher state taxes and overhead costs. So we're going to see so much more of that.
- [30:23]
B
That was the one thing I was going to bring up. You know what all those three states have in common? No state tax. Okay, that's a huge one because if you're in the city, you're paying anywhere between 8 and 12% state tax on top of the federal tax. This is what, if you want to know what the left is really good at, and this is worldwide, they love raising taxes because that's going to fix the problem. The problem always gets worse. It gets exasperated by poor leadership. Fraud goes through the roof because they don't have solutions. They're the dumbest humans on the planet and they're controlled by their bizarre ideology. Sorry, Jeff, did I just say that out loud? I think I did. Their, their, their bizarre ideology of always protecting the victim. They, and they, and they see themselves as victims. Right? All of the stuff, the dei, all this stuff, what happened in Virginia, perception of a victim. Well, yeah. In 2020 everybody came together bipartisan and 70% of people said like no, let's don't make issue and as soon as Spamberger gets in the Virginia, the new Virginia governor, boom, they start pushing through. We're going to get forward, we're going to try to get these through. And then look what happened when you were drawing, when you were drawing lines based on racial profiles. Okay, well, clearly that's unconstitutional, right? You can't do it based on race. You can't do it based on income, which Mandami is trying to do. Well, we're going to go tax the white people in this certain section because they're rich and they're going to make more money. It's a clear sign that you really lost the plot. So many levels, Jeff.
- [31:51]
A
Yep. And Art on the Lake said, New York is the new, is the new Detroit. And that's exactly what happened after the riots in the 60s in Detroit. The communities in Detroit fled and started building out in the suburbs. Lots and lots of money. I can remember when I was in graduate school, I. I worked for the Detroit Symphony and I was doing fundraising for them at the time. And I remember speaking with, with somebody. I was raising money and she gave. I don't remember what it was. It was a big number. Might have been a thousand, 2500, 5000 plus whatever the number was. I worked with all the big donors. And so she was giving some big numbers every quarter, every year. And. And she lived like out in West Bloomfield or something. And I said, oh, that's amazing. You know, here's all the stuff that you're going to get. You'll be able to attend a Detroit Symphony. She goes, you know what this was? This was probably like mid-90s or whatever. She goes, I haven't been to Detroit in 30 years.
- [32:52]
B
Whoa.
- [32:53]
A
When Coleman Young told us to get the F out if we didn't like it, we did. And we never went back. Literally. I mean, think about West Bloomfield to Detroit. What is that, like a 20 minute drive, 30 minute drive maximum, you know, down the freeway to go to go out someplace she hadn't set foot. So she hadn't even gone to the symphony in all those years. But here she is. She was a big major supporter of the symphony, but wouldn't set. And there were a lot of people that had that same mindset. They're like, they told us to leave, we left and we didn't go back. We took our money and we. And that was it. And Coleman Young, devastated.
- [33:28]
B
He got elect. He was there for 20 years or something like that. He kept getting reelected, the city kept dying. He's like, well, we need more money. We need more money. We need more money.
- [33:36]
A
And.
- [33:37]
B
Yeah. And he. And he was the guy. Yeah. If you want to look at who destroyed Detroit, I mean, he's a big part of it. And my God, it was a. Look at this here. This is another reason I really put a lot of emphasis, Jeff and I, on flare. FA Assets system update. Earlier today, F Assets Redemptions were paused by our monitoring partner, Hypernative Labs, out of an abundance of caution following a security alert. Subsequent review, including analysis by Hypernative, has validated that alert as a false positive. There's no vulnerabilities were identified. F Asset System has been safe and it was restarted. It's fully operational. It's this attention to detail, to spotting something and shutting it down right away before anybody gets hurt. And that's one of the reasons that, you know, there's the. I think the security detail around that, because nothing's safe. You can say, oh, I can't believe they stopped it. Yeah. But it's. If people got. Got hurt, then be like, oh, I can't believe they didn't step in. So there's always two sides of that coin at all places. Cointelegraph, check out this insight. If $60,000 holds as Bitcoin cycle low, this would be the shallowest bear market in history. If you look throughout going back to 2014. Yeah. I mean, look at the volatility you saw there and then like this. And so that's why I don't think people understand clarity is going to be just so massive because anybody who was sitting on the sidelines, like, you say what you want about the world, a lot of the financial things that are set here in the United States, they happen here in the United States. You think that you would see the AfD party rising in Germany if Trump's not president. You think you would see the kind of blowback and pushback you're seeing in the UK If Trump's not president. Do you think you'd see some of the stuff that's happening in France? It's been happening since Trump's first term. Basically socialized it and made it okay. And you don't think you. You would have. You go from a communist to a, you know, a conservative leader down in Chile. You don't think you'd see, you know, other state, other South American countries turning. It's okay. He made it okay for people to say, no more migration. We're tired of it. It's time to start living.
- [35:48]
A
Lots, lots of benefactors there, Chip. Argentina, El Salvador, Chile.
- [35:53]
B
What Was the latest.
- [35:56]
A
England, Germany, they're all moving in the, in a positive direction at least. Still lots of uphill battles over in Europe, but there's, there's others. Who else?
- [36:05]
B
There was another one that just we were talking about the other night. It escapes me. Paraguay, Longstone. Oh, that's socially conservative. But there was another, there was another one that just recently flipped from left to right and they said they were going to adopt the El Salvador model. They're going to basically put all the criminals in jail and they're going to. You know, like I said, good dictators are great man, if you got good intentions. Hey, maybe I'm for dictatorship, but forget about due process. Throw them all in jail. Hey lads, thanks for the great contents. You in Australia again one day? Yeah, absolutely. You might remember me as the number plate guy from the Gold coast event. Oh yeah. All right, cool, good. I love. So you gotta identify yourself like that. Then we remember coastal haters, NSW Australia. Yeah, Australia is a great country and you guys need to fight too. Man's a great fight, man. Don't put up with that. These, these weak ass leaders. Soy boys. I mean, my God, they're just disgusting. You know what the greatest thing happened?
- [37:04]
A
Look at that. We are one of the highest tax countries in the world. That's crazy.
- [37:09]
B
And you guys are number, number two audience just behind the US market. So that's another reason we love you guys, because you guys are, you guys are fighters, you're patriots and there's so many patriots. That's why I said like in the uk. The UK is amazing. Or country. I love the uk. I love, I love. And it just, it breaks my heart to see what's happening over there. But at some point it's gonna break, man. At some point it's just gonna break and it's gonna go nuts.
- [37:34]
A
Well, look at this Dazzle Ford saying you can't even talk about the left unless you want police knocking. How scary is that? You know, you want, you want the SS coming at your door in the UK saying hey, you just talked about the other political party, we're taking you to jail. But you can have, you can have the Islamists in the streets brain and conquering your streets and, and the rape gang roaming around. But, but the police are so feckless in the uk. It's amazing. Every time I see these videos and you'll see like six of them trying to tackle one person and they can't even do it. It just.
- [38:06]
B
The guy with a knife, Jeff, there's like 13 cops and they're running around. First thing you hear from a US cop is stand back, stand back. Drop the weapon. Drop the weapon. You will get shot. And then six shots are fired and that sucker is down and eliminated from the planet. That's how it works here.
- [38:23]
A
Amazing.
- [38:23]
B
You're warned and then you're taken out. Take out the trash. Just like Spencer Pratt. Take out the basura, which is trash in Spanish. Kids White calls her Karen Barcura. That's fantastic. You know what the greatest thing that happened this week? This is gone. Another feckless leftist who is trying to hurt Donald Trump and the American economy. Jerome Powell officially steps down. Well, because is over after eight years at the Federal Reserve chair. He wants to stand as governor because he wants to be another no vote against Donald Trump. And he's a complete and absolute and a complete and just a just a nut job. So Kevin Warsh, who is the new Fed chairman, I wanted to play this. Jeff. Somebody surfaced this interview and it's weird because it's a good thing that the left didn't find this interview before somebody put it out there. But here is Kevin Warsh talking about, basically talking about, you know, politics and stuff. But listen to this. This is fantastic for reform.
- [39:30]
A
That won't, that won't make matters worse.
- [39:34]
C
Yes. Well, this might upset part of your audience, Peter. So this is a trigger warning. This is what one people like you and I do on campus. I believe this administration inherited a mess, a fiscal and monetary mess. And it is incumbent on the administration to get out of it. No one said it would be easy. We didn't get into this mess overnight. We're not going to get out of it overnight. To make the numbers you said somewhat easier, I think to understand we were paying about a billion dollars in interest expense every day the day before COVID we're now paying more than $3 billion per day in interest.
- [40:11]
B
Let that sink in. Billion dollars in interest. Why is the United States borrowing money from a corrupt Federal Reserve that's neither federal or has any reserves that we know about. Never been audited in over 100 years. What a. What you talk about a terrorist organization holding, making slaves out of every country with their central bank. I'm telling you, if Trump is successful in ending the central bank here, it spreads like wildfire and all the central banks are done. That's how it works. So I was just 1 billion to $3 billion not as sustainable. And what he says about inflation here is so spot on expense.
- [40:53]
C
None of that's going to strengthen the military or help the least well off among us that is being squandered away. So what do I suggest? As you pointed out and as you and I have discussed, but I'm not sure the economics profession believes this, there are two monetary policy instruments. One is setting of interest rates and the other, this money we keep talking about, we call it qe, we call it the central bank's balance sheet. If we would run the printing press a little quieter, we could then have lower interest rates because what we're doing right now is we have all this money that's being flooded into the system which causes inflation to be above target. That's the $7 trillion balance sheet you're talking about. An order of magnitude larger than when I joined the Fed. And at the same time you have another monetary policy instrument and that's interest rates. They don't work perfectly together. They're not perfect substitutes for each. But they're both monetary policy. And too many that are in the central banking business say, no, no, no, that balance sheet has nothing to do with monetary policy. Well, if it did when you were growing it, it should have something to do with the conduct of monetary policy when it's going the other direction. I think we have to be honest about these two instruments and because I believe that growing the real economy is the more important piece for revenue, for fairness, for.
- [42:22]
B
What does that say to you, Jeff, about what his tenure is going to look like?
- [42:26]
A
Well, it tells me that, you know, free market economy has to, has to be, you know, in the horizon. But it's interesting to me that, you know, as he's starting to talk about these financial instruments and the relevance of them, you, you have to focus on that. If no one's focusing on it. And he's talking about growing the economy, growing the economy through free market tour, through entrepreneurship, making sure that there's access to capital for these companies to grow and build. You can't stagnate, you can't cause artificial or cause inflation by flooding the market with too many dollars. You also, you know, and so this is the game that they're playing and this is the game they've always played. They want to control our economic growth. Well, it's through supply of currency and it's through interest rates. And they're playing this game and that's, and that's what the central bank has been doing to try to regulate if our economy is too hot and we're making too much money. Well, how do we devalue the currency? How do we impact investment? How do We INV Impact real estate purchase. Well, you increase interest rate, you make it more difficult if you want to, you know, fuel, then you decrease. And it's interesting, I mean this whole game that's, that's being played and we think about towards the boom era of, of real estate and a lot of those instruments and you were in it, right? A lot of the instruments for zero down towards creative financing. All of that had to be approved by the Federal Reserve, had to be approved through the, the, the, the Federal Reserve banking system and had to, you know, through government oversight then you know, because the banks were going to approve it. The mortgage lenders were, were packaging all this stuff up but the only way they could package it up is because there were products that were available to them. You know. But then it all, it all goes back into that ecosystem. And we saw it start in like Jimmy Carter era where they were pushing to give loans to underserved communities that couldn't afford to get a mortgage. And so they were pushing it out there. Those programs obviously expanded immensely and that's why a lot of people are upside down. But the government knew it, the central bank knew it and they manipulated it to a point where as people become over leveraged and they knew this was going to happen because they allowed it to, to grow over time. Then they pull the carpet out from under people's feet. It wasn't a steady decline, it was a fast pull. Mortgage companies shut down overnight. People went upside down because they're over leveraged on properties and people lost their, you know and that was the, the real estate crash in, in 2008. But we saw the same thing during the dot com era where it was just, just let it blow up. People were put pouring tons of money. People were worth you know, hundreds of millions on paper. And then they, they came after Al Gore and Bill Clinton came after Microsoft because of, because of the browser and they filed a lawsuit against them. And that was like we had this overinflated economic state because of all the investment in dot com. They pricked the bubble and it just destroyed, destroyed people overnight. It wasn't like a slow hey, how do we get figure out how to get this back in check? Nope. What they, what they always did just pull the carpet under under people's feet and they rug them and people just got devastated. And we saw the same thing with the automotive industry and the big banks when they decided who was too big to fail and they bailed some out and they bailed out General Motors instead of figuring out hey, maybe General Motors should be broken up into smaller assets. Maybe we need to figure out. So they bail it out and then look what happens. Right? I mean, it's just crazy stuff like this chip, like now, now what's the direction? What is he going to. What are your thoughts on this? I mean, I'm just like, oh, my God.
- [46:21]
B
You know, it's like, it's super, super refreshing because this is a. I mean, I did a little bit of research on this guy. I found some other interviews. But I love this interview too, too, because you can tell he gets it right. He understands fiscal policy, but he also understands that, look, when you run the printing presses, you're gonna do like you just were saying, Jeff, you're just gonna. That's what the inflation is. People are. And the Federal Reserve thinking they're gonna stop the. The Federal Reserve loves high interest rates. They make more money. Ah, we're controlling the economy. They're supposed to. They're supposed to control jobs. And so you know what? They control nothing. They control slaves. They made slaves of everybody to the central bank. And you. You get this, this runaway. Between. Between that and fraud, you can never pay. You run a deficit, you can never pay back. So what he's talking about here, especially about the interest rates, tells me the interest rates are on their way down. But then you got someone like Powell is trying to stay on as a governor, so he can. Because you got a vote on it. And you could set the tone as a chair, but you have to have enough votes to be able to go ahead and put through. But this whole idea of high interest rates curbs inflation is complete bullshit. Inflation is curbed by. Stop the printing presses. That's exactly right. Let's listen to the rest of this. But I like this interview a lot, very telling on what kind of Fed chair he's going to be.
- [47:38]
C
Efficiency and growth. Because you have higher inflation caused by the bigger balance sheet, we want to shrink that. We can't do it overnight. We want the Treasury Department and the Federal Reserve to come to some accord, much like the treasury and the Federal Reserve came to in 1951. Who's responsible for what? Who's going to be managing interest rates? The Federal Reserve. Who's going to be handling fiscal accounts? The Treasury Department. We have blurred these lines about who's responsible. And when a president comes to power, his treasury secretary should be responsible for as the fiscal authority, instead of blurring that over to the Federal Reserve, which only brings politics to the Federal Reserve and I would say interrupts their normal Ordinary course, in my judgment, we should be shrinking the central bank balance sheet, taking the Fed out of these markets unless and until there's a crisis. And in so doing, you'd have less inflation that way. You and I might call that a practical monetarism. I think that's what our intellectual heirs might be thinking about, intellectual teachers might be thinking about. And in so doing, you might actually be able to pull off lower interest rates, which matter more to the real economy than the balance sheet.
- [48:59]
B
All right, the other dude's looking like he's hearing something for the first time. He's like. With all the faces, right? I was like, dude, this is common sense again. You see Spencer Pratt, the candidate for mayor in la, it's common sense. He talks like we talk. He talks like you talk. He. He's just like a regular person using common sense. Like, hey, and what we've discovered, Jeff, not very common anymore. As a matter of fact, common sense is so uncommon that when you find it, you're shocked. When you see a political candidate running that says things that are interesting, you're like, oh, that. That's me. That's how I think. That's what I'm bitching about. So it is remarkable to see that. I wanted to just. The guy that posted this interview is a guy called Crypto Tyson. He said this new Fed chair signaled a major shift. Kevin War says QE is fueling inflation. The Fed's massive balance sheet part of the problem. The Fed should exit markets outside of crises. This is not Powell talking. This is a completely different philosophy. Powell printed. Warsh wants to stop. Powell expanded the balance sheet. Worse wants to shrink it. 6.7 trillion in federal assets. Worse. Told you the number needs to come down. Less liquidity, higher rates for longer risk assets. Reprice. The market has just been betting on easy money. The new Fed chair is going to bet against it. Everything changes today. I think it's a very positive move. Huge. Yeah, it's huge. This Kevin Worse guy is something else. It's so great to see this happening and I'm glad to see him out
- [50:28]
A
and big changes coming. I mean, and the thing is, you know, we're, we're so, you know, new into this, into this administration, you know, this. And so we're, we're creeping up on the 2028 election and all the media, you know, they've trying to push this narrative and the rhinos and all the naysayers trying to push this narrative that somehow Trump was doing things that weren't turning out. And we're going to see a big change over to Democrat control. And it's so far from the truth. That's why they're just trying to broadcast their cheat, they're trying to, to sway minds. But the whole structure, you know, now we're seeing, you know, the lines being redrawn in Florida and across the country and it's amazing to see this, but then you see those types of interviews and we see the direction that we're moving into, into an era of financial responsibility, but not just financial responsibility for the government, but financial responsibility that the government identifies that in order for the country to survive we need massive economic growth. And to get massive economic growth, it starts at the base. It's not how many taxes can we raise to get the government fat. No, it's how much money can the people produce to enrich themselves so that we have a solid base of functionality from a financial wellness perspective and everybody has got money. And then, and then from there we see massive growth. That's why Florida is such a net benefactor because we have all the big companies moving here because we're a free state that wants to see economic prosperity. New York, on the other hand, is not a free state any longer. And they do not want to see economic prosperity from the governor's mansion to the mayoral mansion in New York City. They want to destroy your economic well being. They don't want to bolster it and boost it up. No, they want to bring people from outside the country. They want to give them your constitutional rights when they're not a citizen. And they want to feed them and clothe them and house them and give them money and put them on a, on a, on a systemic dole system that's corruptive in nature and will create a cancer sickness within the country, within a well economically positioned country. So here we have a capitalist form of, of, of economics, right? We want to produce. But if you bring this cancer into the, into society that, and you have a mass number of people that are on handout, it forces the government to have to continuously raise taxes to take care of them. And the objective is to take from the producers. It's not even to say, hey, we need to support this and support our own people. It's like, no, we're bringing more people in to devastate the system. They want to position and move us faster and faster towards communism. Because that's exactly what it is. So we can't candy coat it, right? The left and this leftist narrative is 100 leading towards communism. And again from within. They're trying to topple us. And where does that money come from? It comes from countries like China and comes from countries like Qatar that are feeding this base narrative and we have to be very cognizant of, of those facts. And that's where the transparency. And again goes back to the blockchain and transparency. And we have a fortune. We have a government in place now and a president that understands it and is dancing circles around not just the leftist leadership in the country, but the entire world. They don't even know what he's up to. Like he's so far ahead. His chess pieces, you know, they're already playing three dimensional chess and he's on a different stage already.
- [54:11]
B
And they're on status quo. One last thing from Federal, from, from Powell before we get off this subject. We are well positioned to wait. Here we go. Listen this, listen this. For the time being, we are well positioned to wait to learn more.
- [54:26]
A
You're fire.
- [54:40]
B
That'll never get old. Interest rate, meanwhile, when inflation was 9.4% right before the election. Oh, we're seeing a rebound. We're seeing a rebound. We're going to bring, we're going to lower interest rates, we're going to drop it. Yeah, not a leftist. And they go like, oh, keep politics out of it. He's a leftist man. He wants to stand. It's never happened where a chair has left and wants to stay on just to go ahead and block the guy, you know, the, the president. This is when you're blocking progress. And how do you know you're doing a great job? Because the Republicans are the biggest obstacle to Trump's agenda. The Democrats, they just suck, let's face it. They, they're, they're destroying themselves on a rate that's going to decimate that party. I mean what next year is going to look like with Pelosi and all these nut jobs out of office is going to be just glorious. The Republicans, the rhinos, the people Republican in name only. The ones that say the Republicans. And you know, every time you have the leader in, in the Senate is always a raging rhino. Thune is that raging. They always vote in every single time. Now the House is different. The House is way better. There's a lot better stuff. The House has been really doing a lot of critical things, you know, things going to Senate to die. House passes, it goes to the Senate with a bunch of old age nut jobs in there and rhinos and it just goes ahead and goes nowhere, Jeff. And it's just, it's insane to See all this stuff. But anyway, let's go, let's move. Right on. I wanted to play this clip, Jeff, get your thoughts on it. This is from. This is on. This is Jesse Waters talking about Trump's visit. I thought it summed it up pretty well. Here it is.
- [56:20]
F
Fox News alert. The president back on his home turf. But before bidding farewell, Xi took POTUS through the hidden heart of Chinese power.
- [56:29]
G
Nice.
- [56:30]
F
Nice place.
- [56:31]
G
Nice place.
- [56:34]
B
I like this place.
- [56:37]
F
Once in Imperial Garden, Zhongnanhai is now home to the Chairman and his secretaries. The 1500 acre compound is one of China's most secretive sites, hidden by high walls and guarded gates with pavilions, temples, and serene swimming pools. After the Communists won the civil war almost 80 years ago, Mao chose the garden for his palace, saying he wanted to distance himself from China's past. And now they call it the Chinese White House. And guess what? It has a ballroom. No one ever gets a peek inside. Chi told the President, very few. And then whispered, crazy Putin. American presidents have been there in the past. Nixon was the first George W. Surveyed the lake. And Barack Obama. Xi showed him the jail cell. The president got a full tour of the ancient botanical garden. Xi showed him a tree that's over 4, 400 years old. The president asked, they live that long? She says he has a tree over a thousand years old. But that wasn't part of the tour. At one point, the chairman encouraged the President to touch the bark. But the only thing that really caught 47's eye, the Chinese roses. POTUS told the chairman that they were the most beautiful roses anyone's ever seen. I've never seen roses so big, he said. So Chi packed him some seeds to bring home to Melania.
- [58:09]
A
The President was interested to learn all about that, including the Chinese roses, which we looked at. And I agreed to send the seeds for these roses to the president as a gift.
- [58:22]
B
Hello.
- [58:24]
F
The President says we'll be planting them in the rose garden. Let's hope the seeds aren't bugged. Body language experts told the New York Post. These two men interacted with like the two world leaders were two old buddies. Xi, who tends to be a little rigid, had a change in posture. Quote, we really have seen Xi very stiff and very straight before. This is big thing. When you see shoulders relax like that, that's huge. Experts also noticed the two leaders had their toes facing each other, which signified a connection. Trump says Xi actually surprised him.
- [58:58]
G
Decentral casting. You couldn't find a guy like him, even his physical features. You know, he's tall, very Tall and especially for this country because they tend to be a little bit shorter. If you went to Hollywood, you wouldn't find that. You're not going to find a guy to play the role. He's good.
- [59:17]
F
Xi even invited the President for a little afternoon tea. But the Chinese do tea a little differently than the British do. On the menu, minced codfish in a seafood soup, crispy and stir fried lobster balls, pan seared beef fillet stuffed with morel mushrooms, kung pao chicken and scallops, stewed beef in a bun. And of course, it wouldn't be a Chinese buffet without steamed dumplings, pork and shrimp. Obviously they had Mickey D's. The Chinese gave them bags with Big Macs. But no fries.
- [59:47]
B
But no fries. I like when someone says, why are you watching this? Well, because if you watch the show, we do crypto and geopolitics, they're all connected. So even though you saw a lot of friendly stuff there, what you didn't see when Taiwan came up, a little bit muted there. But what you do see is that there is a massive race going on. It's the AI race. It's the, you know, the US Shutting China out of the oil. They were getting amazing, great oil from Venezuela that's gone. And now the straits are closed. Straights are amused. And now they're getting. So guess where they're coming. They're going to come to the US like everybody else can become a gas station. They'll pull up to Alaska and start getting their gas.
- [60:25]
A
They're.
- [60:25]
B
This is two enemies pretending to like each other and smile and everything else and say the pictures. Meanwhile, they're battling in the background. Trump brought his own chefs, ate his own food, does not eat any of the food. So that's, it was a quick trip, but again. And supposedly there's going to be some trade things going on. We'll wait to hear more on that, but it's interesting to hear, you know, how this thing's all going to play out. But it's some, it's a, it's a war, but it's an economic war. It's. That's erupting. So, and this is Trump on his visit. This was Trump talking about his visit to the China. And then we'll hear from Xi Chua.
- [61:02]
G
My dear Chinese amigos, your favorite president is here in China. I'm here to meet with your lovely dictator Xi, great friend of mine, a bit of a party pooper. I told him he was the Kung Flu panda one time and he didn't even smile. And when I ask him for McDonald's and a diet Coke. You are my dear Chinese amigos. Great friend of mine, a bit of a party pooper. I told him he was the Kung Flu Panda one time and he didn't even smile. And when I asked him for McDonald's and a diet Coke, he offers me tea and friggin sushi or whatever it is you guys eat here in China. Probably dogs like Somalis in Ohio. Anyway, thank you for inviting me to your lovely country, Jeff.
- [61:50]
B
I think that was a. I don't think that was real. Well, here's Chi and his thoughts about the President's visit. Trump is real asshole. I keep trying to take Taiwan, but he keeps saying no. He be like, you can't take no Taiwan, Xi. And I like, why not, nigger? You took Venezuela and Iran and all that. And he be like, you take Taiwan and I'm a tariff your fat Chinese ass. He and that hurt feelings cause he also got big fat ass from eating McDonald's all day. But he only calling President Xi fat ass. He also keep calling me Kung Fu Panda. That shit ain't right, asshole. Anyway, enjoy. Kung Pao chicken. Totally made of chicken. I promise.
- [62:37]
A
She's.
- [62:37]
B
I don't think that was really. I think that was. That might have been AI too, Jeff. Funny as hell. Funny as hell. You got to have a little bit of humor in there. Some great news. You guys been following the saga of Tina Peters. She was investigating the fraud in a particular state and guess what happened, Jeff? They threw her in jail. Well, Tina Peters is finally going to be freed. Let's listen. And this is. And it was because Trump. A lot of pressuring from Trump here on violent offender.
- [63:09]
H
That is on the commutation list. She was sentenced to almost nine years in prison. And to be clear, she deserved to go to jail. She committed a crime. What's at issue here is how long the sentence is. And I agree with the appeals court that in the sentencing hearing, remember this
- [63:26]
B
is the Democrat governor.
- [63:28]
A
That's right.
- [63:29]
B
Saying she deserved to go to jail. Yeah, because you were sniffing around and getting too close to the fraud in
- [63:35]
H
the judge incorrectly looked at and considered her bizarre viewpoints, her speech, and held her speech against her. She happens to be somebody that's espoused what I believe to be what anybody objectively would believe to be incorrect opinions, conspiracies, et cetera. That is not a crime in our country. What is a crime is. Along with two other co conspirators, one got six months, one got parole, only accessed After a municipal election election, computers to download software for an independent audit prior to the software being updated. That is the crime. There were four felonies. Those felonies will stick with her. She's a convicted felon.
- [64:15]
B
And so listen to what he said with a straight face that she secured the data of the fraud and how it was done. And that was bad. She shouldn't have done that.
- [64:27]
H
I believe that the four and a half years that I'm committing her sentence to, she'll be on parole along with a number of the other nine next month. Is a fair, just and tough sentence for her crime.
- [64:38]
B
Crime, Jeff, she, her crime of, of taking an interest and trying to. And I mean, it's amazing now he's, he's back, you know, he's walking a lot of it back. But I mean, what, even what he says here is just frightening on so many levels. Here is his executive order. James Paul is the one we just heard from. This is executive order commutation of sentence for Tina Peters. So grant the clemency limited to community sentence of Tina Peters on her total sentence, inclusive time in the county jail and Department of corrections, commuted to four years, four and a half months. She's granted parole effective June 1, 2026. My God, she must have let out a sigh of relief. I mean, going to. This is. And you talk about the uk, we got this stuff going on here. Democrats are dangerous, man. Man, Democrats, they want you dead. They hate all of you collectively. Here's another thing where, you know, they'll liable anything. They'll just make up all kinds of stories. Here's Eric Trump. Well, Eric Trump is not sitting idly by and he's going to be suing Ms. Now. So here's this.
- [65:42]
I
Trump's adult son, Eric is right now. Well, he's with his father in China now. Eric Trump does not have a role in the US Government. In fact, he's supposed to be sort of firewalled off from any US Government activities because he took over the family businesses when his father reentered the White House, supposedly to prevent conflicts of interest. But there he is. You can see him now. I should say that when asked about Eric Trump joining the trip, the White House simply said that there were no conflicts of interest there, I guess. Thanks for that. A spokesperson for Eric himself said that Eric was just joining the president in his own personal capacity, saying that Eric will not participate in any discussions or meetings related to any business entity and that Eric Trump does not have business ventures in China or plans on doing business with China. Now that is quite an interesting denial given this piece in the Financial Times out just today. And here's the headline. Eric Trump joins Beijing trip as family linked group chases China deal. You see, Eric is on the board of a company called Alt 5 Sigma and you can see him and Don Jr here ringing the opening bell at the NASDAQ with the name of that company and the name of the Trump family crypto company right behind them.
- [66:58]
B
Anyway, blah, blah, blah. So anyways, Trump, Eric Trump said, I have zero, zero involvement any merger discussions involving any public enemy. I do not run or control zero business interest in China. No properties, no investments, nothing. I joined the trip for one reason. As a loving son who adores my father. I wouldn't miss being by his side for this incredible moment during the bilateral talks. Lara Trump and I went to the Great Wall of China and so this. But you know what's. She was like, oh, it's interesting. What's. You know what's interesting? I remember any stories about Joe Biden's son, you know, doing crack cocaine off of a hooker's ass. I weird, I don't remember that. There was no stories like that. It's just the left is so just they don't, they make stuff up out of nowhere and so she's getting sued and it probably will not end well for, for them. Yeah, you can't be spreading all kinds of stuff. It's like, oh, by everything the Trump administration's bad, everything's evil. It's all bad. Jeff, you didn't know it was all bad. Everything's horrible. Yeah, they're horrible people. I mean it's, it's got to the point of where it's gotten just over the top man ever. It's non stop. And you know, since all this, since there's really little leaking going on right now. Well, SCOTUS was, you know that Virginia trial elevated the scotus and here's what happened. Virginia Democratic leaders are going to the
- [68:15]
A
U.S. supreme Court to try to overstay
- [68:17]
B
overturn a state ruling striking down their
- [68:20]
F
new gerrymandered congressional map.
- [68:22]
B
The 4 to 3 decision at the
- [68:24]
A
Virginia State Court Supreme Court rather found
- [68:26]
B
that the Democratic controlled legislature violated the commonwealth's constitution by not following clear and simple rules for a public vote on a constitutional amendment. It's unclear tonight whether the Supreme Court will even take up the. They won't. There you go. So bummed out. Just you know, pounding dirt. This whole, it's just insane, Jeff. The whole thing insane. Spencer Pratt these ads just get better and better. Then we'll. We'll migrate over to the UK here. But look at Spencer Pratt here. Look at these ads again. Common sense, guys.
- [69:01]
J
The carrot is panicking. Karen Basura sent a panicked email to her dwindling supporters invoking my name to beg for money as her internal polling sends shock waves through her campaign showing that I'm her number one threat. Some polls already have me ahead of her. So what does she do? She throws all the spaghetti at the wall to see what sticks. Including this impotent attempt to scaremonger, saying that Pratt will work with the President. Um, yeah, it's the President. You'd have to be a moron to not work with the most powerful person on earth. I don't care if it's President Trump, President Vance, OR President Newsom, L.A. can't have a mayor holding the city hostage out of spite, attacking DC for petty political BS like Karen has been doing for over a year. He'll work with the President. How is that a diss? To make it even more potential sympathetic as the feckless hypocrite Karen is, what is she doing this week? Flying to D.C. to work with the president.
- [69:59]
A
Why?
- [70:00]
J
Because in the 14 months since she let the Palisades burn to the ground, the only ones to provide any kind of support and recovery has been the federal government. President Biden paid for 100% of the firefight. The President paid for 100% of the clean up with the Army Corps of Engineers. In over a year since the fire, Karen Basura has done not a thing except make our lives hell with burdensome regulations and using her expensive lawyers to intimidate firefighters who blew the whistle on her failures. So now, after a full year of mindless sparring with the President, all of a sudden she's grabbing a pair of Gavin Newsoms signature knee pads and she's crawling to beg the President for money to try and score some political brownie points as the election nears and her campaign is spiraling. Just this week, her second communications director in four months has abandoned the sinking Karen ship. Yeah. Cause nobody can sell what Karen Basura is offering to la. We've all seen your work, Karen. Aaron. Nobody's excited for four more years of Basura.
- [71:12]
B
Yeah, I mean, it's fun. It's. It's. It's right on camera.
- [71:18]
A
All of his. All of his videos coming out, just one after another. I've noticed.
- [71:22]
B
He says what we think, though. That's how we think. She just says it. Here's another one. Another AI video by the way he's not doing these AI videos. People are making them and someone else is trying to do the next cool one. Here's one. I can't keep up with them all, but this is another one I thought was pretty good.
- [71:36]
A
He reposted an AI video.
- [71:38]
B
I think it's a very dangerous trend.
- [71:41]
C
I mean, I was kind of freaked out.
- [71:42]
B
150 fiction. His social media is now taking on a violent turn. Okay, Karen, you want no violence.
- [71:53]
A
Doozy of a dookie.
- [71:55]
B
Crap on the sidewalk.
- [71:58]
C
Pinching a low thumb.
- [72:05]
B
Crap on the sidewalk. Ping channel. Just a wave of my stick to finish the trick.
- [72:21]
A
Oh, my God, that is hilarious. Oh, my God, he's so perfect.
- [72:28]
B
Yeah, it's so fantastic. So speaking of Kirk Starmer. And by the way. Yeah? Starmer will eventually get outed, but you act like. Like in the U.S. like, so this again, nobody thought like, huh? The U.S. is a pretty interesting form of government. Written by the people, for the people. I know what we'll do. We'll let the government continue to write our constitution and give us free speech as long as we agree with it. Good job. You don't have the first or second amendments. That's why you're aft. You take no guns. You're done. Here is this. And I love GB News. This is the greatest network over there.
- [73:03]
K
Clip is exactly why Keir Starmer is the most unpopular prime minister in history and why Labour is finished. Tomorrow's march in London is a reminder
- [73:12]
B
of what we're up against in the
- [73:13]
K
battle of our values. The organizers, including convicted thugs and racists, are peddling hatred and division, plain and simple. Right? Who do we think he's talking about here? Okay, Is it this lot?
- [73:31]
B
The only solution is jihad by the armies of the Muslim countries, not by you. Me?
- [73:37]
F
Who are we?
- [73:38]
B
What training do I have? There are people with arms in Egypt, in Pakistan.
- [73:43]
K
Was it the people talking about jihad on the streets and the Muslim armies? Is he talking about this lot? Gosh. Are the people who chant Long live the Intifada on the street? Or maybe it's these people, People who chant death, death to the idf. I mean, oh, gosh, you know, or the people who attacked serving members of the British military on their way into the Ministry of Defence. Is he talking about. Look on your screen there, pictures of Hitler, right? At these. At these pro Palestine marches. He's talking about people who regularly bring swastika. Swastikas what appear to be Taliban or ISIS flags, pictures of Hamas paragliders with them every single week. Is he talking about those people. No, no, he's not. He's talking about the Unite the Kingdom March tomorrow, isn't he? And here's what else he had to say.
- [74:59]
B
My government will not stand in the
- [75:01]
K
way of peaceful protest, but we will act decisively against hatred. We will use the full force of
- [75:08]
B
the law when that hatred manifests as violence.
- [75:11]
K
And we will ban those coming into the UK who seek to stir it up. Oh, really? Really? You're all laughing at me, but that tells you everything you need to know, doesn't it? I find it hilarious that he says that an asylum seeker who walked into a kosher supermarket with a knife trying to stab Jews was given a suspended sentence of a couple of years. Probably not going to be deported, is he? Did he give a speech like this when three failed asylum seekers raped a woman on Brighton Beach? No, he didn't. I mean, they didn't feel the full force of the law then, did they? You know, they'd been rejected, they still weren't booted out and they went and did what they did. Look at this from the CPS today, the Crown Prosecution Service, they're bringing in new legal guidance to clamp down on slogans and banners because basically a lot of working class people are coming down to the capital to show their patriotism. Every flipping week, every flipping day, we have stuff like this.
- [76:19]
A
That should be an immediate expel from England.
- [76:21]
B
Yeah, get out.
- [76:22]
A
Especially if they're not sitting. They don't, you know, you're not a citizen here. Get out. You're supporting the enemy. The enemy that wants to destroy the country.
- [76:31]
B
I mean, if, if, let's say, you know, they say if, if the UK was in a war with any Arab country, would you support the Arab country? They say, the Arab country. Boom. Immediate dispelled, you're gone.
- [76:42]
A
Yeah.
- [76:44]
B
Forever.
- [76:45]
A
Yeah. They don't belong there. They're there specifically and strictly to take the money. They're taking the money and they're, they're spreading their, their ideology to destroy the country. That's it. That's the only purpose.
- [76:59]
B
Starmer banned like 8 or 10 people that were coming into the rally as speakers.
- [77:03]
A
Right.
- [77:03]
B
Robinson is just going to put them on a TV and they're going to be even more popular and they're going to talk about getting banned. Like, it doesn't help his case to sit there. And so, I mean, GB News makes this amazing point here that. Is it any of these people. Oh, no, this. Not at all, Jeff. But I mean, this is unbelievable. He's amazing. Good.
- [77:21]
K
We all Love the Ayatollah. Yay. Fantastic. Every day we have this stuff. Keir Starmer talks about Britain. He talks about British values. I don't think he knows the first thing about what they are. When people were resigning from his government, in their resignation letters, they kept saying, I know Keir is a decent man. I'm sorry, I don't think he is. I've never seen any evidence to suggest that he's a decent bloke. In fact, I've spoken to quite a lot of people who know him well who say he's far from a decent human being. And let me tell you, Keir sama, Actually, let me tell you this. His words, your words have had the opposite effect. I know people who weren't going to this Unite the Kingdom march, but watch the video that you put out today. They feel like you slagged them off and called them racist. And now they're going, now they're going
- [78:11]
I
to.
- [78:12]
K
That's it. That's it. And what's he going to do when he sees the sheer number of ethnic minorities who are on this march? Are they all far right? Are they all far right? I don't think so. And look at this pathetic video from today as well.
- [78:25]
B
They can see what they want to see and it's a moving movie. So a bit like we do with Notting Hill Carnival, we're going to have a crowd monitoring cell that will look at crowd density and give us an
- [78:34]
A
idea of where the crowds are building up.
- [78:36]
K
Starmer and Sadiq Khan that monitoring the situation. Facial recognition, armoured police vehicles have been roped. Let's have a look at the arrest figures from some events, shall we? The arrests at the Last United Kingdom March, 23, one of them was a counter protester. The arrests at the last large Pro Palestine March, 523 arrests at the last Notting Hill Carnival, 423 firearms offences, stabbings, drug abuse, attacking emergency workers. And that happens every single year.
- [79:12]
B
I mean, unbelievable, Jeff.
- [79:13]
A
Crazy. Crazy.
- [79:15]
B
It's just. It really is hard to understand. I mean, why this dude? So look, remember I. I kind of told you, like, hey, this is what let's talk about. Elon Musk says it perfectly. He totally captures the left 100% here. I think the, the fundamental moral flaw of the left is empathy for the criminals and not empathy for the victims. There you go. Empathy for the criminals but not empathy for the victims. And there's, there's been way too much of that. That needs to stop. To the President's point. There's been Immense judicial overreach. That is unconstitutional. That was never intended. And it's undermining the people's faith in the legal system. Yeah, there you go. Succinctly said, Jeff. I mean, perfectly said. And you know, here's some earlier video. I don't know, I haven't, I haven't seen all the video, but here's some video the Tommy Robinson posted up on X. Thousands are already gathering in the streets of London from the United Kingdom and the people are going to probably go to jail because of the flags. They've got flags. You know, there's patriots and I saw some American flags in there, so you can't even rate. You know, it's like it's, it's gotten to a point of where you think it's parody, but it's actually true. And Starmer puts out a video knowing his popularity is in the toilet, and he puts out a video just emboldening people even more to just go like nuts. And it's, you know, this is a tale of. And again, Starmer's out. What's. What's he gonna do, Jeff? I mean, you're gonna get Some other Starmer 2.0. That's going to be another douchebag. And everyone's gonna be like, oh, we gotta do something. Let's have one on the rally. No, enough with the rallies. Band together. Stand for your country or you lose it. You're already losing. Look how many elections have been lost by these radical Muslims. They're going to control everything. You got that nut job in, in London, you know, it's, it's pretty much going to be over because they, They've already got 10 control in the local elections. And that will spread like wildfire. You got, you got. People up in Scotland have taken seats that aren't even citizens because apparently that's okay. And guys, take it back, get it. It's hard to understand. You really understand the patriots, you know, the founders of the U.S. those guys have put their life on the line, man. Yeah, whack jobs. Wackadoodles is what they are. Jeff.
- [81:42]
A
100 and you know, we had, we had over, over 90 people here that were on YouTube. We started getting into some of the end politics. People were here with us for over an hour and now we're like 70 on YouTube. 152 between X and YouTube. But YouTube has been opening up. We've been fixing the algorithm for the benefit of everybody out there, which is amazing. We're getting to more people, we're getting new people. In which is amazing. Like James. It's. It's getting picked up by YouTube at a much higher scale. Continuous growth like show over show over show. The growth metrics are phenomenal. You know. And I just have to say we made some tweaks. But it's all an account of you guys out there that continuously show up and watch and new people like James that are popping in here that want to see the full scope of everything. We covered some amazing topics today. Chip on XRP and flare and really putting things into perspective. We connected a lot of dots here. So if you guys watched and saw through it and connecting. You have to connect all the dots. Right? Chip. Between the crypto space the financial the economics and the geopolitics. It all relates one to another. And that's why we see a collapse of like the uk. Hey what good is your money when the whole country collapses? If you had a stable coin based on the pound and your country collapses because it's being eaten away from the foreign intervention that you have over there. Then what happens? You have no money. I don't care if you have a stable coin. A crypto doesn't matter. Your country is. Is accessible. You know. But we have to. We have to fix and make sure that we keep everything moving in a positive direction. 100 therefore you have to understand all of this picture all the narrative. That's why we bring and connect all the dots on every show. It's amazing.
- [83:33]
B
We do love it. But I have one question for you. Is it delightful? No. What about this one?
- [83:42]
A
Margaritas. I love that explosion.
- [83:51]
B
It's like margaritas and one last.
- [83:54]
A
I only drink badasserie coffee.
- [83:59]
B
Dude.
- [84:00]
A
He doesn't. He doesn't have the. The lingo down. It's badassery.
- [84:03]
B
Yeah. Get it right.
- [84:04]
A
Dude.
- [84:05]
B
You can't drink it if you can't pronounce it. You know what I'm saying? Son. I appreciate you but you know let's work on that pronunciation. That's all the time we have guys. We appreciate you be back on tomorrow night. We got some other cool flare stuff. It was too much to fit into this episode. We got a cool. Something really awesome is happening with flair. And we'll. We'll play that tomorrow night. And it's a really good breakdown of. Of. Of. Of. Again. Some very forward thinking. So the bacon fest. Sure. I think people. I think that's going to go over very big in London. I think they're going to really love it. Is it halal bacon? Halal bacon. That's what you call an oxymoron, Jeff Kalal Bacon. If they made it halal, it would be in fashion. Right? So there you go.
- [84:46]
A
That's right. It'd be beef.
- [84:48]
B
Anything to say before we get out of here, Jeff?
- [84:51]
A
That's it. See you guys tomorrow night, 8:00pm Eastern Standard Time. You guys are amazing. Show up, be there. Doesn't matter what time it is in your home country. It could be 12 hours ahead, 14 hours ahead. Whenever we go stream live, then you guys are here with us. It's awesome.
- [85:06]
B
Yeah. You also forgot to say, Jeff, that on the re watch, it gets somewhere in the neighborhood of 2300. Anywhere from 1800 views to 2300 views, which is great. We appreciate all you too, that watch us as well. If you're watching that one person that's still here.
- [85:19]
A
So appreciate you that one person that's still here. We're pushing. We're pushing this back to the $3,000 numbers or 3,000. 3,000 viewer numbers and above. That's right. We're. We're getting there. You guys are helping support us. Thumbs up on the way in, thumbs up on the way out, and we'll see you guys Sunday at 8:00pm Eastern Standard Time.
- [85:39]
B
See you on the next one. Chip and Jeff.
- [85:40]
C
Oh,
- [85:43]
B
are you down with OT? Please, like, subscribe and click the bell
- [85:49]
A
to be notified when the next video drops.