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A
Hey, you know what's funny, Chip? Every single show lately, the OTC community keeps saying the same thing. We thought this was about crypto, and then suddenly we're talking about AI agents, tokenized assets, institutional liquidity, stablecoins, central banks, and somehow XRP keeps sitting right in the middle of all of it. That's right. Xrp right in the center, Chip.
B
Yeah, exactly, Jeff. You know, the other funny thing is that where they're saying it not only here during the show, but they're also saying it in the comments. Saw one or two over the last two days as well. I think they're referring to the geopolitical stuff too, because we got a lot of comments about that. At some point, people have to really kind of think about it. Stop asking, right? So why is XRP still around? And kind of start asking this other question, which is, why? What are they actually building around this thing? Like what. What's being done around it? And because it starts getting crazy. And today we're talking about XRP 5 yield systems. We're going into some collateral layers, programmable liquidity, you know, institutional vaults. It's not the same XRP conversation. If you even look back, let's say
A
even a year ago and maybe even six months ago, Honestly, I think a lot of the audience is starting to feel it as well. And like you said, we're getting some of the commentary, the feedback on it, seeing it out in the ecosystem, but you can literally watch the narrative changing in real time, which is super impressive. Wallet growth is exploding again. XRPL climbing the RWA rankings. Flare. Always got to talk about flare. We're going to do that today. But flare, building programmable infrastructure all around xrp. This is starting to look like a true financial layer, which is very cool.
B
All right. And then so it's while retail, you have retail on one side still arguing about all Kindles or XRP589 price targets. And then you have what's really the real works being done with institutions. They're building yield, you got collateral infrastructure around digital assets. You know, it's not really a coincidence when it boils down to it. I think most people still are like, what's happening? It's happening so fast. They're missing it. And. And the real battle isn't like, it's not crypto versus crypto. It's old financial rails. That's what we see going on with this clarity act. Banks aren't happy because they have to build a better product versus the programmable financial systems. What we're seeing happen with a lot of the news, I'd say just action packed in the last two weeks.
A
Yeah, exactly. And actually this ship is where we're going to connect all the dots for everyone out there watching. We always like connecting dots. We try to connect every single one of them. Sometimes the dot might go off after a rabbit, but, you know, you just never know what you're going to get. But once you start combining XRP flare, RWAs AI finance yield systems and tokenized liquidity, you actually start realizing that the infrastructure phase might already be underway. Ready to get into this thing?
B
Let's go. Welcome to on the Chain.
A
Hey, welcome to on the Chain. This is Jeff here with co host Chip. What's going on, Chip?
B
Well, this is another Saturday morning, afternoon, evening, depending on what part of the world you're in. Maybe it's even Sunday. We don't know. But I just say, like, hey, what's OTC Family drop where you're coming in from today? We'd love to see where people are coming in from. It's always exciting for us to see the various parts of the world.
A
That's right. And today actually is going to be really important as far as our conversation because I think we're actually watching this XRP narrative evolve in real time. Not just xrp, but the entire digital asset space starting to shift from space speculation. So all those speculative speculators out there start getting in line because we're getting into real infrastructure. This is where the grownups start having conversations.
B
And what's interesting today too is we have two clips from people who were once very pro bitcoin and they're starting to sour a lot on bitcoin. And I think it's the wrong. It's the wrong narrative, it's the wrong question. And a little bit of these are the same people who don't understand. They're looking for price action and not looking at the bigger picture. They're not looking down the road. They're not seeing what's going to change bitcoin, even what flare is going to make possible for bitcoin. They're missing a lot of the utility pieces because again, Jeff, like you said, they're always focused on the candles. And these are prominent people. One of them, somebody came as a shock to me, somebody I really respect from a financial perspective. And it might not be the one you think. So we'll break that down too. We'll go through that and what they're doing, you know, I think too, you know, if you think about what's happening with financial architecture being built on the surface. You know, it's, it's, it's impressive, Jeff.
A
Yep, it is very impressive. Right? You got the, the flare, the XRP5, the yield vaults, tokenized assets. I like the tokenized assets. I want to see more tokenized assets. I think there. This really puts us in a whole different cycle. And actually where things get interesting is what Flare is, is up to. Blair's developing, growing, expanding. They're actually, you know, building something that I think many, many people out there just aren't paying attention to. And this is a utility lay layer that will actually unlock the dormant liquidity, not just for xrp, but, but across the crypto ecosystem. So that's xrp, Bitcoin and more. And that's the part people just. I don't know why people are ignoring this, you know, because it's not just payments. It's not just, you know, like you were talking about. It's not just speculation, but we're talking about true yield, true collateralization and programmable assets and the autonomous financial systems that
B
we got into with AI, I like to say assets. So, yeah, so, I mean, you throw all this together right, in one big sort of bucket, and then, you know, it's. I don't think it's our standard crypto cycle because a lot of this is so new, especially with what's, what's happening with AI we can compare it back to old cycles, but it's not the same cycle. And people are getting very down on crypto. It's dead. I'm hearing the crypto is dead conversation. It's a silly thing to say, because Clarity, Jeff, is really going to change that. Holy. And I know it's probably going to be put off past summer. It probably won't happen after the midterms because when they come back after their June vacation, you know, the ones that are supposed to be working for us, there's a lot on the docket that they have to get done. And the closer you inch towards midterms, the less people want to commit to any sort of legislation that they could say, oh, the other opponent can say, oh, you voted for that, or you didn't vote for that. Right. So they want to kind of be hands off. So I don't know. But Clarity will change it. Coupled with AI, coupled with this D5 that's happening. It's, it's. We're not in the same cycle, in my opinion.
A
No, things are. Things are definitely shifting. And that's why you want to stay Tuned with us until the end of the show. Why? Because we're breaking this all down at the end of the show. You gotta hang in there for the secret sauce, so to speak. But this is really your spot on. What's happening right now is reshaping how people interact with crypto. AI is going to fundamentally change it. All of the infrastructure fundamentally changing the backbones of, of a digitized economy, which really, which was really critical. And it's also going to shape and is reshaping how people think about xrp. As you mentioned, there's some names out there that it's going to be impressive as we get into it. But man, looking forward to digging in further. Big shout out to everybody joining us on this early Saturday morning. On time as usual. We got people from coast to coast all over the country and you know, real, real good. Michael saying that your microphone's echoing but I don't hear it.
B
Yeah, we probably don't. But again, the reason we started late today was because I was having some issues and it reset everything on my computer. So that's possible. You don't hear it right, Jeff? Or do you hear.
A
I don't hear it. Check, check your mic setting real quick. But I don't hear any reverb or echoing. I hear nothing.
B
Let me check it. It looks right. Yeah, everything looks right. So I don't know guys, let me know if it does sound weird because I have the right one selected.
A
Charles is saying your audio is a little low.
B
My audio is low?
A
That's what he's saying.
B
Yeah. I don't know. For me it sounds exactly the same. So it's hard to 100 know what's, what's going on.
A
Let's look at your setting on this side.
B
See people? To me, I don't see anything weird happening.
A
We have them on auto settings.
B
Yeah, it's on auto. Don't know what's going on. Cancellation on.
A
Yeah, everything is there.
B
Seems good and even my levels are good. Actually they're really strong. So I don't know what's going on. I mean, please do.
A
I'm boosting you in the stream yard. Maybe that'll help.
B
I don't know. It's, it's really weird because I'm looking at the levels and they're, they're, they're right full bars. So I don't know. It could be stream yard too, potentially. It's hard to know.
A
I think. So the quality of the mic on YouTube sounds weird. Got it.
B
That's why that could be that's you should hear. It's there.
A
Oh, something just happened.
B
I just changed it. So I changed it back, so it should be. Okay. Let me see. Because it could be Chris to be acted up because it reset everything. So I think Chris could.
A
Maybe your crisp is.
B
Hang on a second.
A
Yeah, I put us both on auto just in case.
B
There we go. Did that anything change there?
A
I know, I hear it. Go to your other setting real quick.
B
Because I went to crisp and it looks like it was set on external microphone, which. What is your Chris set to on your devices?
A
Because I don't know, like frizz.
B
External microphone.
A
No. So my crisp is set to analog. One, one, two.
B
Yeah. Okay. It might be different in mine, but I see. So my choices are same as system. External microphone, which is what it was set to, and then same as system. So I'm gonna keep.
A
Maybe your analog isn't activated.
B
I don't have anything in there. It's weird because usually for the devices, I've got the. I actually have the. The first microphone and it's not picking up.
A
You selected Chris, you should have. I have microphone, camera, microphone, and analog.
B
Really weird. It won't. It won't.
A
One plus two.
B
I have a feeling it's crisp. Yeah, that's what I'm thinking.
A
We'll figure it out. All right, well, let's dig into this chip. One small step for Ripple, one giant leap for the XRP army. That's what it sounds like.
B
All right. Yeah. All right. You can kick us off with our first stories there, Jeff. You can.
A
That's it. We're gonna kick this off with some. We're gonna get into flare and flare tokenomics. Actually, these ended up a little bit out of. Out of sequence, but that's all right. 5:30 in the morning, where Elian Tron is, it's out on the west coast of this great country of ours. So flare token, I think this whole entry point to talk about flare, there are just a lot of things going on. So, you know, if we look at flare tokenomics, overall, there's this cool site over here@dune.com we get into flare tokenomics, and you can see the growth. The growth and the circulating supply of. Of flare. But if we look at the supply changes over time, we look through April, you see a massive expansion of supply growth, which is pretty cool. Flare emitted by protocol, big changes. Flare burned by protocol. It's really cool when you can get into. And you can look at all the different impacts. You know, here's staking inflation emitted just A very cool way to look at, look at the total, total amount of flare that's been burned already. 30 day flare burn, year to date flare burn. So where, where do you get this type of intricate view on, on assets, on what's going on with an asset. So I think that's, that's really cool. But let's, let's go to. I want to look at some of the updates here. And we're looking at. And let me go back to the beginning. Here we go. So actually there's something we got to listen to. This was just a brief interview here with Hugo and so actually Chip just realizing that I need to stop my share screen so I can now re add the share screen because I have to re add audio to the share screen.
B
So silly. They should really fix that.
A
I said always. They just need to put a toggle switch on the shared screen once it's active. That's all they have.
B
Whatever tab you're on, let it share.
A
So simple. All right, so, so over here. So this is 30 seconds of your life that is really important to tune into. You're actually going to gain some, some knowledge out of it. This is XRP with a full stack behind, behind it powering use cases for xrp only possible on flare. That's the big, the big point of this video. And so there's obviously a lot of things happening in the ecosystem but when you get into. And we listened to Hugo talking about the impact of flare. This was an interview with Crypto Sensei. So let's, let's play this real quick.
C
I've seen other people talk about other types of XRP bridge. The reality is FXRP is the only one with smart accounts, the only one directly mintable from exchanges and custodians. Because of our data protocols, which no one else has, we can do things with FXRP that no one else can do in the future. With flare smart accounts, you'll be able to mint fxrp, deposit it to another chain, not even flare. Deposit it to a protocol on another chain, do something in that protocol and then bring it back to the XRP ledger, all without ever touching any of those blockchains. There's no other bridge in the world that can do that and no one's close to that.
A
That's interesting.
C
I've seen other.
B
It's just really weird not seeing his glasses. I was like, who's that?
D
No.
A
Isn't that weird?
B
First time I've ever seen without the glasses.
A
Yeah, I didn't expect that. But man, it's Just, it's just really cool to see and to hear, you know, the passion that he has. But he's already like so far ahead of some of the other developments in the space and where he's talking about moving outside of the silo. So we can't operate in silos. We definitely got to go beyond. We got to figure out how to. How can all this become super functional in general as. As an asset. How can the. How. How can all these different assets work together moving like you said, chain to chain, protocol to protocol. Very, very cool. Now I thought this was kind of cool also kind of popped up in the space. This was $10,000 BTC for two pizzas. Imagine borrowing against your bitcoin instead of spending it FBTC via Flare's F assets. Built to do that and more. So there you go. You can actually earn yield on multiple, multiple products that you might hold. And here's onwards and upwards. This is if we start seeing holders, number of holders growth. We saw that on the other chart. But you just. Massive, massive growth. Even just in the past year we're like, you know, not even a year in and we're seeing sizable growth that just keeps going. The XRP5 ecosystem reached its first 10,000 holders. So there's a lot of, A lot of big firsts that have been happening across the ecosystem, not just with Flare, but important things to tune into because we're starting to see movement, we're starting to see adoption. Just a lot of things happening. Chip. It's, it's really impressive.
B
Super impressive. And yeah, I work on getting Hugo on here. I got to ping him again because he was having, he's going to have his people reach out. I gave him my personal email because obviously it goes to our on the chain email. Sometimes it can get buried. I didn't want to miss it, so. Oh yeah, he does. Absolutely. That's a good point. Alexander. Alexander the Great.
A
Oh, just hold on to it. Earn some yield.
B
Yeah, earn some. Earn some yield. And, and yeah, it's. Everyone's thinks it's like just as normal crypto cycle. It's not. It's different. A lot of. Yeah. I mean if you're going to sit there and look at, you know, the charts and yeah. Repeat cycles. But it's different for a lot of reasons. Agentic AI is changing it. It's going to become a super powerhouse. But also like you said, the real world assets are changing it. Right. It's so much more stable. Coins have changed it. So it's, it's not the site. You know, a bitcoin cycle from three, four years ago or an XRP cycle or any of these cycles. You're starting to hear people like only five will. I mean Garlinghouse famously said that, you know, 99 will fail. Yeah, they're. You don't have an audience for it. You're not going to grow. You, you won't. But this whole thing of like who will survive? Like people like thinking it's less than 10. Right. And that's not the case. I don't think that's the case at all. Will there be the hundreds, the thousands? Probably not. But you know, it's like anything else. Build a better product, come up with something that people actually want. If they don't want it, then what do we, what are we having this conversation for? That's where I feel a lot of it can be lost on people. You know, from that perspective. You know, David, David Schwartz seems to be having a lot of fun since he's no longer, he's still a board member of the over there Ripple. But he seems a lot lighter now. He doesn't seem as stressed. He seems to be a little bit more like happy is the right word. But he seems to be a little bit more chilled out. Like I saw this, this is pretty interesting. So he said his home theater project is finally showing some tangible projects progress. Look at this, look at this. He's got like, he's got like theater, Dolby sound system. Look at all this stuff wired up. He's got this for sound on the wall. Deflectors, he's got deflectors over here. He's got speakers, you know, and this, all these other things are sound modules to absorb so you don't have echo in there. But this is crazy. Look at here with the TV and he's got the front facing speakers. Right. I mean this is insane.
A
That is insane.
B
He has the lights on. So like in the theater room, like you imagine going in there and just enjoying this massive surround sound everywhere. This is a fun project. Look at this. This is like. So there you are. Look at the freaking Chris, man.
A
Except for real, it's for real.
B
We posted this. Yeah. He says my home theater project finally showing some tangible progress. Yeah. Because he finally has time to work on it. He's been so busy doing other. He hasn't had any time to work on. So I, I thought, you know, it's fun to see him having a little bit more like chilling out a little bit more you know, than usual, which is. And then I Saw this one here from. This is interesting here. This is for the XRP Al Commons to save the date conversation. Big fish, bigger ideas. The lounge is back starting May 27th. That's between five and six at Central European Time. And I think that's like five hours ahead of us. Another on the. On the heels of that. One of the things that I've wondered ever since I was a kid, Jeff, I always wondered, and I've asked people, and you get 15 different reasons. You can Google it, you can AI it, and you go like, hey, why do we change our clocks? You hear, well, it was the farmers. Well, it was because of the war. You get more daylight and the farmers get more daylight for the kids going to school, so they're not going to school in the dark. Like, all those random reasons. But no, no. No one really knows the real reason. Trump. One of the promises that Trump said was like, hey, I'm gonna end this whole of the time, the clocks and this and that. You know, what state is it that doesn't do it out west? Is it. Is it Arizona? Arizona. Arizona's like, we're not doing it. We're not doing it. We're like, screw you. Well, there's a bill, it's called the Sunshine act. And that means if it passes in Congress, they're putting it in with the Farm Bill or something else. If it passes, that means that we're not touching the clocks anymore. It just stays. You said it's done. We're not falling back. We're not springing forward. None of that bs. I was like, so happy to hear that. I'm like, please, I. My whole entire life, I've wondered it. Nobody knows why everyone says we have to do it and why. Why do we have to do it? Just leave it. And Trump's. He's like, hey, is it a bad thing if we have more sunlight in the wintertime? No, it's not a bad thing. But it usually takes you. You know, when you're young, you kind of bounce back. Takes you three, four, five days to kind of, you know, you get older. It's like. I mean, right at the same time, because you get on that habit, and then, you know, three weeks later, you're still like, oh, man, I'm still waking up an hour early. I never really understood why we do it, Jeff. Nobody had a good. Even you ask, AI. AI doesn't know. Nobody knows. So why are we doing it? That's the first thing you have to ask. And it's like, well, tradition, apparently. I Guess it's because we we do it because we always did it but nobody really understands why that's the best part of this. Well, I don't know. We just sort of. We sort of always did this. Some other XRP news here. Interesting because this is again we're getting into rewards but Ripple X posted this XRP rewards with OKX OKX put this up the last day to start your five day streak up to a hundred dollars in xrp. Do it details here Trade day one Trade just ten dollars and earn ten dollars in xrp. There it is right there. So you see OKX making a big dive A lot of XRP content I see lately there. So you can jump over here and you can take a look at it. Earn up to a hundred dollars in XRP Download their app how it works you basically join the campaign the opt in to get your XRP going streak campaign starts at April 30, 2026. Sign up must opt into the campaign by the 22nd which is yesterday. So if you didn't missed it then this is old news. Complete by all five buys must be completed by May 26th. So there you go. So they'll be doing more of this stuff but then you buy $10 more. You get your first reward of $10 $10 break up the five and then you can keep buying 200 or more and you're eligible four more days could be complete your streak and get the remaining $90 XRP reward. So it's nice that they're you know incentivizing people to get involved which is a good thing. And since they since they launched XRP they've been doing a lot of foray into that. I think this again always a good thing. Then we have this one here from Sentiment Intelligencia Intelligentsia out of the intelligentsia just intelligence Intelligentsia Intelligence sentiment. So XRP has 4300 new wallets created in 24 hours. 4th largest spike in 2026 network that's a lot on who's opening those man top leading signals maybe. To identify reversals check out XRP's network growth and the level of address activity with this handy chart over here you
A
can see little snapshot ji Nobody anticipated autonomous purchasing and credit and AI access to to money to exchange. No one anticipated that. So now if there's a requirement that you have to still deposit 10 XRP into a wallet who's to say you can't program your AI say here's your money, you have access to this account. I need you to Go out, find all sorts of different wallets and just start opening up accounts.
B
Look at the wallet creation here. So if you look at this purple line right over here, right, you see this purple line all. Yeah, around here. So on May 9th or March 19th, there were 12,055 new wallets created. Then fast forward over here to May 20th. You've got, yeah, 4300 XRP. Okay, wallet. So I don't know who's creating those wallets. Maybe it's just people opening wallets. I'd be more interested in the deposit
A
and have a spike like that. There's no way you have a spike of 12. One day you look from the base.
B
No, somebody's creating those wallets. So it's hard to know exactly what. What's creating that. But jumping into the narrative that I was talking a little bit about earlier is here's somebody soured on bitcoin altogether. And let's listen closely for the reason. But this is Mark Cuban talking about bitcoin.
E
Some people upset. I think bitcoin has lost the plot. And when I started buying bitcoin and I've sold all of it, except not all of it. Most of was because when all the shit hit the fan with the Iran war and, you know, bitcoin was always the best alternative to fiat currency losing its value. And I always thought it was a better version of gold than gold. Well, gold just blew up and went, you know, to $5,000. Bitcoin dropped. And every time the dollar dropped, bitcoin should have gone up, you know, because if it's priced in dollars, it was cheaper. So anybody from around the world could go pay in dollars. And it just didn't do that.
F
Not such a hedge.
E
No, it's not the hedge that I expected it to be. And that was really disappointing. And so I'd say I'm more disappointed in bitcoin, not as disappointed in ethereum and the rest, you know, the. The token stuff, the meme coins.
B
That's what happens when you get a really smart guy who understands business and has no idea about crypto, has no idea about bitcoin. He just said there, Jeff, that when the dollar goes down, bitcoin should go up. And what potential universe and what rule book are you looking at where that happens? And because the funny thing, what I did catch there was, hey, I'm smart enough to know not I sold all my. Okay, not all my bitcoin. Okay? So he's smart enough to know he's gonna keep a slow side stash because he knows he's gonna be that guy when it blows past 150, 200, 000. Because it's going to just when, yeah, he's gonna be like, oh, look how smart I was. I kept a little side stash and look at me. And I got my investment back and la, la. You know, the fact that bitcoin's, last time I saw it's probably around 70k. I don't know what it is. But Jeff, what. What do you think about his assumption here or like his reasoning for why he sold bitcoin?
A
I mean, it doesn't. It's not connected to rational thought, which is, which is kind of insane. I, I don't really get exactly where he's coming from on this. Doesn't make any sense. You know, he's trying to, but. But I, I don't know that he's been super pro bitcoin to begin with, you know, even though he's got his stash, you know, is he, Is he kind of like a. I'm trying to think of a, A comparative, you know, but we've got, got obviously Michael Sailor, super, super pro pro bitcoin. I would like to see Cuban sit down with Michael Sailor and see what that conversation looks like. And then when Cuban says that bitcoin's not going anywhere, that it's played out. And here's Michael Sailor with this massive stash of his own, you know, plus micro strategy as a massive stash. So now have that. Don't sit down and talk to the E Trade guy that might not know anything about bitcoin. Let's sit down and talk to someone that's all in on bitcoin. That would be an interesting conversation. Then let's see what Cuban has to say when he's like, oh, no, it's not going anywhere. That would be. That's what I want to say.
B
No other thing. It's only bitcoin. There is no other token. There is no other thing to buy. It's only bitcoin.
A
The other side of it would be
B
beating about the, you know, the head and face in the mouth there at region, like, just like, what are you talking about? You're so stupid, Mark Cuban. But, you know, you also cited some political headwinds there, you know, with the war and Iran and. It's not a war, man. It's not a war. You know, it's like the war and you know, the price is like, of course, Mr. Debbie Downer, liberal thinking Mark Cuban. You know, this is what happens when your Ideology trumps any thought of reason. But if you live in a universe where you think the dollar went down and bitcoin should have gone up and because gold moved from 2000 to 3000, well, gold is not going to be doubling probably anytime before bitcoin does. You think, let's hedge a bet here. Bitcoin goes to 140, 150 or gold goes to 10k. I mean, I don't know. I. The fact that gold hit 5000 broke the 5000 mark. You know, up from, you look back maybe 10, 15 years ago, we're sitting around 12, 1300. It's artificially been kept low too. But hey, if you expect the dollar drop, so it's dropping on a daily basis and bitcoin is supposed to magically jump up because you think this is like the. He's like, well it's, that's what, that's what bitcoin is. I'm like bitcoin is, I thought it was the digital gold. So did he put it into gold? I mean how much movement's he gonna get out of that? And like where did he buy bitcoin? Did he buy it at the top or did he buy it below? And he just wanted to liquidate some of his investment. Always hard to understand where it is. So this, this one kind of shocked me too. This is Lynn Alden, a pretty well renowned, has a investment strategy, does a lot of stuff, wrote a book, EUO Death and Capital and she's written some, some interesting books. And this is surprising from, you know, because I see a lot, I, I get the newsletter, some very logical sound thinking. So this made me think, huh, does she have a point here? This is Lynn Alden kind of talking about bitcoin. It's another prominent voice, more so on the other side of the investment spectrum than on the crypto side. Talk about bitcoin.
G
And there's no better way to segue from macro to bitcoin than to talk about gold, silver. They're massive bull runs. Now when, when I've, I've, I've seen a few charts posted by analysts and I've looked at it myself. Whenever gold has had a massive bull run and then plateaued, bitcoin suddenly energizes and goes parabolic. Have you seen that correlation? And do you think we're approaching that moment now?
H
I have seen the correlation. I would say, you know, the sample size is not super big. You know when, When Bitcoin's a 17 year old asset and you say okay, well the first seven years, it was tiniest, let's say a decade of correlation. That's not a ton of sample size to go on, but it makes some intuitive sense that you have kind of the hard money. Folks. There's fractured into a couple of different camps. There's bitcoin, there's gold, there's silver, there's like, altcoins. And when one is doing really well, it tends to suck some of the capital out of the room for everyone else. Whereas when one is stagnating, allows other ones kind of a chance to do well. And so because there was a pretty big central bank bid for gold, in addition, it was just kind of a lot of us in the. I'm one of those people that's bullish on both bitcoin and gold. So I've been tracking gold. I've been bullish gold since 2018. And a lot of times things happen all at once. I would have expected when gold was like 2000, I expected it to be more like 3000. But then suddenly it goes from 2000 to 5000, way quicker than I would have guessed. When it was 5,000, I would have thought that it would have been 3,500 or 4,000. So these moves tend to happen very quickly. In my view, the sentiment in precious metals has probably topped. Not to say that the prices have topped. I'm on record saying I don't think that they're in a bubble, gold and silver. I think they rapidly revalued from structurally undervalued to something closer to resembling fair value. I'm less interested in them because they're less asymmetric than they were several years ago when they were kind of close to their mining costs and they were kind of super cheap. Based on many metrics I look at, they've revalued higher. I think we probably have not seen the high, but I think the speed with which they go up there is kind of high behind us. And I think, like I said, all the fast money's out of bitcoin. A lot of the indicators look really good. I mean, the funding rates, if you're getting paid to short it or go long it, the on chain stuff, the. The kind of the technical indicators, like if you look at, say, the weekly numbers, they're kind of rolling up. And so my base case, you can always be wrong in these things. My base case, that bitcoin has seen the bottom, it's already up pretty significantly from the bottom. And I think this is an accumulation phase.
B
Weird. I could have sworn I Listened to that. It was a different interview. It might have been a different interview because I heard from something totally different. But the clip that I pulled was this one because I had pulled two. Another clip, but I deleted it. But I was like, I was sure that was the opposite reading, saying that it was a dead market. But again, I watched a lot of consume a lot of stuff and I know I watched several, several clips of Lynn Holden kind of talking, talking through it. But yeah, it sounds very bullish in that, that clip right there. Accumulation for sure.
A
A lot going on.
B
Yeah. Well, if, if you, if, if fiat currency is so awesome and so great, then why are all the central banks been loading up on gold and silver the past couple of years, right? They're buying it like, like it's like you talk about addiction. It's a massive addiction.
A
The Fed value gold they're holding at $46 an ounce on the balance sheet.
B
I don't think it's $46. I don't even think it's been repriced. It was a very low. I think it was very low. I mean it's possible, but I thought like for, for gold was they didn't reprice for current volumes. And what was all that? Remember we heard Trump and Elon Musk are gonna go, go check out where the gold is over there. What is it? Fort. Where did they have all the gold?
A
Maybe they did.
B
Well, they said that. Is it there? We're gonna find out. We're gonna count it. And then I was like, never heard about it again. Like did they go, was it there? But we also heard people moved it out of there. You know, it's, it's, it's weird. It's like. I don't remember. Do you remember hearing anything more about it? No.
A
That, yeah, it was like on the
B
we're going on Tuesday, you know. And then next thing you know it was like, no, it's like you never heard about it. You know. Fort Knox. Yeah, Fort Knox and Kentucky apparently, you know, there's some in Denver. So like where was all this stuff gonna be? There's. You've got up in New York. I know there's gold that have been held there, so. And even Philadelphia. So. But where is, where's the goal? I mean supposedly the US is the biggest. Supposedly. But you don't know what happens over years. You know, you put that stuff in there and you think it's ah, it's in Fort Knox and it's up in Philly and you know, in New York and Denver.
A
Meanwhile, it's all given to China.
B
Who knows? I mean, you don't know if it just left in the middle of the night. I mean, you know, there was gold under the, you know, the. They didn't find that was unaccounted for when the towers came down. You know, there's a lot of reasons to. And not to get into too much conspiracy stuff, but, you know, sometimes when things don't make sense and you got questions about it, that's good reason because, yeah, it doesn't make any sense that you get $2 billion missing. Oh, we. You get a press conference, we're missing $2 billion. We don't know what happened to it. And the next day the towers come down. Oh, that was convenient.
A
I don't worry about nothing to see here.
B
There's nothing to see here. Look in the opposite direction, Jeff. There's nothing. There's nothing going on. Nothing of any value at all. So, interestingly enough, moving into some, some of the geopolitical stuff right here. One of the reasons I love Byron Donald so much, and I really thought that Byron Donald should have been elevated in the Trump administration, but I love the fact he's going to be the next Florida governor because he has the potential to be as good as Desantis or better. But when we had him on the show, I've always thought that there probably isn't more a MAGA guy out there than Byron Donalds. The guy really emulates, it comes out of there. It's fortunate to have him in Florida. And the fact that he'll be governor, that elevates your status, too. Governors very often, especially successful in the track records, can often go. And I wouldn't be surprised if he throws his hat in the ring for president because quite honestly, Byron Donalds would have made a better VP than JD Vance. And even though I like Vance, and one of the reasons that I will tell you is Vance, despite how great he is and what he says, he's boring as F. Not going to say the F word, but he's boring as F. And I struggle to get through anything he's saying. Rubio is a fighter. You know, I always think, like, remember, do you remember, like, there was Scooby Doo and Scrappy. Do remember Scrappy? Dude was like, yeah, let me add him. Let me add him. He's always, like, petted. He was always. And I kind of feel like, you know, he's like, he's. I love Ruby. He's scrappy. He's like, attacking. He wasn't always that Way he was. Well, he took a little turn. He was hardcore conservative, and then hardcore for a little bit, and then got back on the track. Right.
A
We were way back on the track. He was a Tea Party. Yeah, he was a Tea Party candidate.
B
He was a. Te.
A
Got to Washington as a Tea Party candidate. Then something changed him over there. And you know what changed him was when he went in saying he was going to be there for one term.
B
Yeah.
A
And he believed in term limits.
B
Yeah.
A
And then he ran for the second term.
B
That was. He got a lot of flack for that.
A
But that was the turning point. They said, there's nobody. You got to do it. He did it, but it changed. It changed the whole dynamic. But he changed. He changed early on, actually, in the first term. He got out there, kind of turned his back on some of the people that helped him get elected, which upset a few people.
B
But he launched this. You launched his. His. His. His bid in your. In your house, dude.
A
I did so.
B
And then you never heard from him again. Hello. What's going on?
A
I was just the host.
B
Well, but I'm saying you were part of a group that backed him and were.
A
Yeah.
B
Backers and, you know, put him out there and. And, you know, it's funny. I was talking to a buddy about Rubio the other day, and I showed him the picture. I tell the story about. We went to the basketball game with my. My daughter used to. Like, back when LeBron. When she was little and LeBron was playing. She just loved basketball for some reason. I don't know. She loved it, she played it. She just loved everything about basketball. She's kind of. Not as much into it these days, but when she was a kid. So we'd go there, and I hear the voice, and I'm like, I know that voice. Where do I know that voice from? I gotta sound so familiar. I turn around, it's Rubio, you know, with his wife Jeanette. They're sitting right behind us and, you know, in, you know, the Heat arena and mind the Heat there. And I go, oh, it's.
A
And.
B
And then I say to my daughter, I'm like, hey, that's, you know, Senator Marco Rubio sitting behind us. She says, really? She goes, do you think he'll let me take a picture? I say, if you say. If you say it like, senator Rubio, may I take a photo with you? Say it just like that. And she waits, and she's nervous, and she's like. She turns around, she says, senator Rubio? He says, yeah, yeah. He says, May I take a picture with you? He goes, of course. So he took the picture. He took the picture and like he became secretary of state. I shot the picture. I'm like, do you remember this day when you got that when you met Marco Rubio and then got quiet on the way home? We're sitting there, you know, we're, we're on the way home. And I was like, you know, we're talking about the game and you know, they won. They crush it. And she's like, you know, pop, I have a question. I'm like, what is it? She goes, how is it that we got better seats than senator Marco Rubio? It's like she couldn't figure it out. I'm like, I don't know. It's the luck of the draw. She goes, but pop, he's a U. S. Senator. Like, if you're a senator, shouldn't you have better seats? I'm like, not necessarily. And I said, by the way, we had one better seat than he was. Like, we were sitting close down, but I had a buddy who had season tickets and he had all kinds of buddies. And so every time they, they couldn't get someone to go to the game, he'd sell them to me. It just cost, right? So we always sat in really good places that we'd have to pay, you know, three, 400 a ticket. And I was like, well, we only had, we were sitting in front of them. We weren't sitting like in another section, but it was like a highway. Everybody was whole, center Rubio, center. Like Kitty couldn't even watch the game because everybody was coming and talking to him. And it felt like everybody had a lobby, their idea. And all I heard was the chatter. I wanted to turn around and say, shut up. Trying to watch the freaking game over here. You know, what do we need all this for? We don't need all this. What's, what's with all this garbage, you know?
A
But to that point, could you imagine that? So Rubio most likely is going to run, right? He's, he's going to be a run candidate for 28. Byron Donalds will be new into office. It'll be almost like in a Desantis position. Where do you run two years in to your governorship and start running for office? Or do you car carry out your, your first term as governor? I would say he probably has to carry out first term as governor, but we'll see what happens. Now imagine this one. Imagine. And I don't think it's going to happen, but there's nothing that says that Trump can't run as a vice presidential candidate. Imagine he would do it upstage.
B
Nobody want him upstage, you know.
A
No, he wouldn't. That's something. He wouldn't do it. But it's going to be interesting when we get into that 28 run. We're gonna see 26 once, once the election is over, everything is situated. There's gonna be so much talk about, you know, 28. It's gonna be all about 28.
B
There we go.
A
Oh, there you go.
B
Oh, my daughter's in there. But I'm cutting her out because, you know, she's there. She's right at the bottom there. But there, yeah, it was one of those, you know, two second things. But he. There it is right there. That's awesome at the game and. But yeah, that was a fun time. But I think. But you know, there's so much, there's such a deep bench on the Republican side. There's such a deep bench. You know who they're, you know who the leading candidate is for the Democrats? Aoc.
A
They got no.
B
I'm like, if there's anybody dumber than Kamala ding dong, it's aoc. It's hard to pick which one's dumber then Pete Butt Plug. Pete Buttigieg. But it check whatever. The failed commerce secretary that, you know that, that did a horrible job and you know, that's who's the second in command. You know, Newsom's just getting destroyed in California. My God, he's, he's got no record. He's a slick, you know, Willie runs, thinks, you know, says all the right things, but I think he's kind of destroyed his band. But here they have Byron Donald's on CNN and CNN tries to get him with the gotcha questions. But Byron Donald's not having any of it.
I
You're conflating issues. Number one, gas price. Yes, you are.
J
I am not complaining. That come from.
I
Let's be very clear. Well, let's be very clear about gas prices. The reason why oil prices are high on the world market is because the Iranian regime, once again a theocratic dictatorship, is wanting to force the straight clothes because they would rather foment terror and have nuclear, nuclear weapons. And they want to put pressure on the west through oil prices. That's why gas prices are high. That's not because of economic policy in the United States. That's because of the Iranian regime's death grip on power. That's a very different situation.
B
Absolutely. She has that sourpuss look on her face because she wants to fight and she wants read her leftist talking points. Right? My Donald's not having any of this.
J
And then the Iranians shut down the straight of Hormuz. That is, that is an accurate statement.
I
You just said, you just, you just said what I just said the Iranians shut down the Strait of Hormuz. Why did they do that? They shut it down because they are trying to inflict economic pain on the rest of the world because they would rather have a nuclear weapon. They would rather put those nuclear weapons on the tips of their ballistic missile systems which by the way they lied to the world. Those what? Those ballistic missile Systems can go 4000km reaching our allies and in Europe, reaching American bases overseas. And they are so hell bent on having that they would rather inflict pain on the world on an when it comes to oil prices I don't want to see high.
J
No question.
I
Let's be very clear. The false lies with the Iranian regime, not with the President of the United States.
J
You can make that argument. But let me follow.
I
It's not an argument. It is an empirical fact. It is not an argument. It is what is happening on the
J
ground that the US and Israel launch
B
the war and then this real job.
A
No, it's going to be cycle and cycle.
B
Yeah, you see it was the US and Israel because you know, three, four
J
moves became an issue. So President Trump was asked about this and said as you're negotiating, should you factor in is it weighing on you Americans financial situation such as the gas prices? And he said quote, I don't think about Americans financial situation. He later doubled down on that comment calling it a quote, perfect statement. I'd make it again. Do you agree with that?
I
I think when the President is trying to figure out how to bring this Iranian conflict to an end, he is thinking about making sure that the Iranians do not have a nuclear weapon. And let's be very clear, the President is well aware that the Iranians close the strait to rise oil prices on the world because they are using it as an economic weapon against the people of America and quite frankly the people of Europe and as well. So when he's having to negotiate, he's got to play hardball with people who do not care about your rights, who do not care about your fundamental liberties, who only care about a radical theocratic Sharia law driven regime that does not care about women, does not care about anybody else except what they feel they, they want. And so when you're dealing with somebody like that, you got to play hardball. You can't do model UN Negotiations because that's how you get beat at the negotiating table. Quite frankly. That's how former President Obama got beat at the negotiating table when they sent $150 billion in cash to the Iranians in the dead of night.
J
Let me.
I
Iranians said that they were going to do anything. Rich, you ran.
B
As you know, I know it.
J
As you know, these two things are not mutually exclusive. The Iran war and Americans financial situation. Right now, gas is over $4 an every single state. Before the war it was $2.98 per gallon. What are you telling your constituents in Florida who are really concerned and you are hurting because of the prices at the pump and elsewhere.
I
What we say is.
B
Right here, man, what happened? Everything's just like everything locked up. I'm like, what is going on today, man? It's like if you're not. You know why? Because everything's going perfect for you today. And everything's screwed up on my side. It's like one of us.
A
It's like that wasn't sure. I'm over here looking. I'm like, if that just froze up, then it's everything on my side. No, but I was looking at, I was reading Alexander the Bass comment. So he said. So in 2000 when the intel came in, technically it was Iran has nuclear weapons. But somehow they conflated it with Iraq. No, it was actually Iran. The issue didn't really start until like 2002, 2003, which is where they actually started focusing on the Iranian ambition for a nuclear weapon. Their program had started earlier. They'd stop, you know, so. But there were definitely some issues. The Iraqi issue wasn't nuclear weapons, it was chemical weapons. And then they. And so that was like the initial point between the two of them. Chemical weapons had been used in the Iran Iraq war. But then there's definitely an issue in Iraq. Even though, and this is the weirdest part about weapons of mass destruction. But the, the biggest part of the whole scenario with Iraq is that they went in and they said, oh, we can't find them. But yet there was all the evidence and proof, aerial proof, saying, well, here's where they produced them, here's the factories, here's trucks moving from Iraq into Syria. At one point, do you remember when that was happening? There's a whole convoy just. There was like days of convoys they were recording. They're like, oh, we don't know what happened. There's no weapons, but yet they just moved everything. And then Syria mysteriously ends up having to have in chemical weapons, the whole, that whole scenario, that whole region. It just, you know, it just doesn't,
B
there's a lot of shenanigans going on, Jeff.
A
A lot of, and again over there,
B
a lot of foolery and shenanigans happening there for sure. I mean 100.
A
Yeah.
B
So one of the things that the DNC did was they did an audit. This is the best thing ever. I mean it's hard to believe this isn't parody but they did an audit on why they lost the 2024 election and all you have to do is say two words. Kamala Harris. That's, that's why you lost. Right. So they didn't know why they lost. So they had to have a whole breakdown. And so they were presenting this on, on basically on cnn. Listen what Chuck Todd says about it. Here we go.
A
Before, before you play that quick shout out coming from XRP Hollywood to Bill. Var var far tedian or Teian. I just butcher the last name.
B
Yeah, we probably got that wrong. Sorry.
A
Big shout out to Bill, first time listener in the car on his way to work.
B
Beautiful. What's going on? Bill Long appreciate man, listen, we love new listeners and shout out to Bill. Appreciate that. We're not going to butcher last name. We'll just say Bill. How's that? That'll work.
A
I just did.
B
I know that's why you, you did. I'm not going to butcher. I got enough problems over here. Not going to go ahead and butcher. But here we go. See, this is cnn. Now the fact that you had to watch an investigation and do an audit on why you lost and the reasons you came up with even funnier. It's two words. It's Kamala Harris and the people that yell about it's democracy. Democracy, I don't know. We don't live, we live in a constitutional republic. But the leftists, they would love a democracy because that's where all dictatorships come out of. Trump's a dictator but they want to control everything. Right. So the funny part, this always makes me laugh. But the, the ones yelling democracy appointed when, when Biden dropped out, they appointed Harris as the nominee. Right. There was, there was no primary. There were another, none of the people like wanted to like run, you know, be the, the nominee. No, they just said the people who so called believe in democracy appointed her. They want to know why they lost. Here's cnn.
K
CNN has obtained the full long awaited report detailing what went wrong for Democrats in the 2024 presidential election. The autopsy commissioned by the DNC. And it was finally released publicly after.
B
Oh, it is funny. They call it an autopsy because it was a death. It was a. It was a stinky, horrible death.
K
Several months long delays. Describing why former president, vice president, I should say Kamala Harris lost her campaign and some overall challenges among the Democratic Party.
F
Yeah, Some key takeaways. According to this report, it accuses the Biden White House and the Biden campaign of neglecting Harris and not doing enough to boost her in the eyes of voters. It also said the Harris camp took too much for granted and that both campaigns failed to define Donald Trump. And it praised Republicans for their messaging game and for learning from lessons of the past.
B
By the way, this is all with a straight face and serious reporting. Jeff.
D
Thank God.
A
They're so dumb.
B
They're the dumbest people in any room. First of all, Trump defined Trump. Trump defined what the American people want. What you failed to do is connect in any policy that someone said, yeah, we want more of that. Vaccine lockdowns. No, we don't want more of that. Now. Kids not going to school. Yeah, please sign me up for more of that. Open borders. Yeah, can we open more borders up? Can we get more people in here? Like, there wasn't one single thing they connected with. But this is the reasons you lost. And the weird thing is, I don't see it says VP Harris. That's your answer. Just put it on a big billboard. Vice President Harris, she was. They can't even be honest with themselves and said she was their own worst enemy. Every time she opened her mouth, her proposal dropped. Every time she went on an interview, like, she never helped her case. Forget about trying to define Trump. Trump defined Trump. What you didn't define was any cognizant sort of idea that connected with American people.
A
That's right. That came from both of them. But you said it right off the bat is that she didn't win. She pulled the lowest out of all the other candidates. She. She was. She was the lowest. Instead of having a runoff and figuring out who their candidate would be, they appointed her. They appointed a candidate. But somehow within the Democrat political echelon circles, they're allowed to do that. So they appoint and. And then they run behind someone that's not even capable or competent. And then they come back and they want Biden to support her. When they ousted Biden, Biden wanted to run. He didn't want to be ousted. He, you know, thought he had himself. He thought he had the cognitive ability. So he wanted to keep running. And they Forced him out, which was probably, you know, the right thing to do. But they shouldn't have replaced him with Kamala. And even Kamala thinking that there's any possibility she's going to run again is. Is a laughing matter. But it's so simple. I don't know. It's autopsy.
B
Yeah.
A
Two horrible candidates, horrible policies, didn't connect with the American people. That's it. And there was no fail to find Trump because Trump is the. The better person. He's the great. The, the great. The greater leader he has, the better ideas. He outplays him, outmaneuvers them. MAGA is number one. American exceptionalism number one. Leading from the front. Number one. We don't leave from behind. We're not, we're not apologists. Onto the world global stage. We're not bowing down before any other country, you know, and leadership us is number one. And our policy, however that may look on a global scale with our allies, is our policy. It's going to benefit the U.S. and our allies. But us number one. And, and that's. And that's it. But these. There's so many clowns on, you know, that were, you know, the rhino clowns or the fake MAGA clowns that think that meant America only. And it's not America only. You can't be a silo onto the nations. We have to be a leader onto the nations. And to be a leader, that means that we have to figure out what. And how do we build our allies up, because we can build our allies up. It benefits everybody, but it the. The Democrat way, just like in our own country. Demoralize your base, keep them oppressed, keep them suppressed, and make sure that you. They're always there to be your voting base and neglect the hell out of them. And that's exactly what they did on the global stage, except they thought they could do it from behind. It is the clown party of stupidity. I mean, that's. And that's it. You know,
B
So well, Jeff, if you even have a. If you're the Democrat Party and you have just an ounce of respect for your constituency, you. You only have to go back to the 2020 race and look at the field of 16 candidates and know the fastest one to leave any race in the history of the Democrat Party was Kamala Harris. That's all you have to do. Out of all the possible choices, she was out first. Right? So it's like, I mean, just. And. But that's the one you want to run. You don't want to have a primary but democracy, they yell. And every time, you have to remind, I'm sorry, we live in a constitutional public. Thank God. Like, who was it that left one of the. The federalists. They were trying to draft the Constitution. Was it Franklin? He said, you know, what do we have? Do we have a king? Do we have a monarch? He said, we have a republic, if you can keep it. Right. That was the whole thing. If you can keep it. But this whole thing, this autopsy. So let's hear Chuck Todd weigh in on this.
F
Let's talk about this now with Chuck Todd, the host of the Chuck Todd Cast the Best Name podcast in all the land. All right, Chuck. I just wonder, as you look at this, this thing is. This thing is kind of a mess, the way this all went down here. And I wonder, as you're seeing this, like, what's the bigger issue? Is that the way the report went was released. It's the substance of it. Is there really a lot to learn from this? What do you think?
L
Well, I didn't really. There was nothing to learn from it. And the reason I say this is there was no critique in there that hadn't been leveled by a prominent member of the party in the last two years, last four years, last five years. So in that sense, there was nothing new. It seemed to avoid taking too many spots specific. It certainly didn't want to talk about the substance of the brand of the Democratic Party and instead was focused on, you know, and this is a lesson we always learn about, look, what Chuck
B
Trott's trying to say in a really nice way. Complete and utter bullshit is what he's trying to say in a nice way.
L
I've never met a president or presidential candidate who thought they had a substance issue. They always think they have a messaging issue.
H
Right.
L
And this autopsy in some way is no different in that it is. They're trying to say, well, if we just had knocked on more doors or talked to people more, talk to people differently, rather than saying, hey, is the ingredients in your product actually appealing? You know, and it did seem to be overly emphasizing on tactics. The other thing that struck me was how they were trying so hard to. It felt as if they were blaming the past more than the present.
H
Right.
L
It goes back and essentially lays the blame on Team Obama and saying, you know, they had this huge opportunity in 2008 and they blew it. And 2010 happened and they blew it. And it was just so.
B
It.
L
It felt like it was a document designed to make sure nobody in the current. Current leadership of the party would get fingered for the blame. And that's. That's why I think it's. This thing is going to, I think, fall on deaf ears even inside the party.
K
Well, it's notable that it doesn't actually look into a number of key issues. Biden's decision to run again at his age, Harris taking over as the nominee without any sort of primary or electoral problem.
B
Now, it's interesting that they're actually citing this. Right. The fact that they're saying there was no electoral process. Chuck Todd, you see him reaching for the right word. Doesn't want to say. You want to say. It's just like he doesn't want to say it was Harris. Let's say she. They never say she's a horrible candidate process.
K
And to your point about substance and, and the ingredients, some of the tickets, positions on the war in Gaza, for
A
example, that the Warren Jazza, they're putting the war in Gaza at the top of the list.
B
Gaza. I mean, this is insane, Jeff. The whole thing. This is why the Democrat Party is not going to learn anything. Because you should have said, like, let's face it, Kamala Harris was a horrible candidate. It was a horrible choice. We should have had a primary. We failed our constituency. We have to look at ourselves. Instead, they make up this bullshit. You didn't define Trump. He didn't do other stuff. And Chuck Todd's telling you, like, not so many ways. Like, yeah, the ingredients. He's talking about Kamala Harris. He was the ingredient, the main ingredient,
A
you know, without saying it, so he doesn't get in trouble.
H
Yeah.
B
If you make a roast or some piece of meat and the meat is bad, I don't care what kind of spicy you put on top, it's going to be a bad piece of meat. And she was the bad piece of meat.
A
It was definitely bad. All the ingredients were bad. They didn't even have any good ingredients. It was all bad all the way around.
B
We're gonna take a little comedy break. Here's a. Here's a woman talking about the difference between conservatives and liberals. If we got into a war, Jeff
M
goes to war, I want conservatives defending us.
B
Right.
M
Those guys that stormed the Capitol, that's who I want fighting for this country. Have you seen their photos? They'd be on the battlefield with their horns and their fur.
N
They'll be like, marika, Marika.
M
Can you imagine liberal snowflakes at war? Oh, they'd be on the battlefield being like, I'm. Oh, my God. This is not a safe space. Why are there so Many triggers. And the general be like, shoot him. Are you sure that is the right pronoun? Gen Z. Liberals will be even worse. The general will be like, attack. They'll be like, I don't chase. I attract.
B
Oh my God, I attract. As I worked for a super woke company and somebody finally got, they kept Jeff. I would get emails once a week saying, you haven't like on, on their slack channel, you haven't updated your, your pronouns. And I was like, so I, I leveled with somebody. I finally, because my boss asked me and I said, well, I probably shouldn't put my pronouns up there. Why, why wouldn't you? Why you don't think you'd be accepted? I said, well, my first pronoun starts with F and the second one starts with you. And I don't think it, I don't think people would get it. And I was like, yeah, you probably shouldn't. They didn't bother you about that. And then another company when I went to work for, they swore up and down that I did. It was not a vax company. Didn't even have to prove a vax. As soon as I joined New York, every week I got an email, you haven't filled out your vaccine status. And I go. And I would put in there and write into like a little box and say, I joined the organization. And I put, because of religious reasons, I was unable to get the vaccine. I got tired of doing that every week. And then they never stop with update your vaccine status. My status is there is no status. There's none.
A
We had someone, a couple back then, someone internal in the company. She was responsible for HR and doing some things and she put out a memo on whether or not people got a vaccine. I just, I went off on her. I was like, so what the. I said, what are you even thinking? Retract that email. It's none of your business. You're not asking anybody that works here what, what's going on with that. Then we hired someone to come in and do an analysis of everyone, like a consulting type thing. And the form felt as pronouns. And I wrote back doors that if this is the garbage that you're giving, we don't need to work with you. That's just like ridiculous stuff. I'm like, who, who comes up with this? It's just such nonsense,
B
you know, so Massey's out. And so this is, we called that too. This is Sean. I forget his last name. Sean Farah Farrow, whatever Farah, I think his name is. He does a great Trump impression. But this is him as Trump.
O
This is your favorite president. And today is a tremendous day for our country. Congressman Thomas Massie and his undercooked linguine haircut. You look at his hair, it looks like undercooked linguine. And nobody knows hair quite like I do. I have the greatest hair. They say to me, sir, your hair is like golden waves of grain. And that's the greatest hairdo in the history of the world. But Thomas Massie and his stupid haircut, undercooked linguine ramen noodles is hitting the road. You know, he lost, and he lost by a lot. You think about it, he lost by a landslide. I wouldn't know what that feels like. I've never lost an election. A lot of people are saying to me, sir, what's it feel like to lose? I wouldn't know what it feels like to lose. But he knows what it feels like. I want to say thank you to Kentucky's 4th congressional district, and I want to say thank you to. To the low IQ influencers who have no influence at all. They're a bunch of fakes and phonies and frauds, and now they're a bunch of losers. And they did a lot of stupid things with Massie, who happens to be a stupid person, and they caused him to lose. You think about it, they did a lot of damage to his campaign. And let this be a lesson to anybody else. If you get in bed with those people, they could have a very hard time, I can tell you that. But congratulations to Kentucky. Congratulations to the United States of America. They call him Masshole. They call him Masshole. And it's not a nice name, but he's not a nice person. So congratulations to Kentucky. Congratulations to America, and congratulations to all the hardworking MAGA patriots who are working to make America great again.
B
Well, that's. They call the. That's what they call. People live in Massachusetts. They call them for a good reason, too, because they pretty much are. So. Yeah. So here. Here is. So Rand Paul is like his good buddy there. So he was like. He was all for, you know, him. Him and his buddy Massey. So someone did this parody of Rand Paul. That's right. Yeah. He's awesome. He does great. He does. He does the whole close your eyes, you go, that's Trump speaking. I mean, you're looking at Trump's voice coming out of this other dude, but, yeah, he's. He's the best. So here is. Here's the. Here's the. The Rand Paul parody song,
N
Standing Five Foot three. Everyone Looks down on me
O
My noodle
N
hair is lame My dad still thinks I'm gay Me and Massey always agree. Constant polypologies. I'm so dumb Maga I shun I hate everything Drum Back has done Cocktails of Fun China Money Big Farmer loves Me. This brought to you by Ramen Noodles.
B
Noodles, believe me, they never miss. That's a good one. They're always. They're always on another level. Speaking of other levels, Spencer Pratchef. The guy's on fire. Here's. Here's another parody he did, which I think is great. And I was. I heard him talk about on a podcast. So it came together. He called two friends, two pretty well known musicians. They put this together basically in about 24 hours. They went out, shot all the stuff. They put together the music. He sang the music thing, and they got it up in 24 hours. They're like, he doesn't know anything about government. I go, look. He called two top producers, had them stop everything they were doing. They created the music. They went in the studio. It was the same studio as Will Smith. And this is a parody of A Prince of Bel Air. And remember, Harvey Levin was like, messing with them. So he messes with Harvey Levin in the song. But this is fantastic.
P
Now this is a story all about how my life got flipped, turned upside down, and I had a. Take a minute to run for mayor. I'll tell you how I became the prince of a town called Bel Air. In West Los Angeles. Palisades, my backyard, is where I spend most of my days. Meeting hummingbirds, relaxing all cool, avoiding all the bums outside of the school. When a couple politicians. The world are no good started making trouble in my neighborhood, I got at one little fire, My mom got scared and said, you're moving in with Harvey Levin in Bel Air. I pulled out from my lot about seven or eight and I yelled to the rubble, yo, ho. Smell you later. I moved to my kingdom. I was finally there to sit on my throne as a prince.
B
Bel Air.
A
Oh, my God. Staying at Hotel Bel Air.
B
That's a banger. That's a good one. Here's another Spencer Pratt AI commercial, by the way. Just people are making these for him. They're not even like his official. That was his official campaign. But this. They're just making these.
M
It's not my fault the palace.
B
But tell me if this one. If you remember the. The Budweiser was up. This is the takeoff.
A
That bottle says liberal tears.
B
Yeah, this is the best.
M
It's not my fault. The Palisades burned down.
D
Hello? Yo. Sup? Nothing, P. Just watching the debate highlights, drinking some liberal tears. What's up with you? None. Just watching the debate highlights, thinking of how I can help Los Angeles. Drinking some liberal tears. True, true.
M
It's Spencer Pratt's fault.
D
Yo, who's that? Yo, pick up the phone. Hello, Weza. Weather.
B
Yo, where's jd?
D
Yo, JD Yo, Wezzy weather. Hey, hold on. Hello, Weather.
M
Spencer Pratt's fault that his house burned down. Los Angeles is the safest and cleanest place on earth because of me.
D
So what's up, P? None. Just watching Karen Bass make excuses while my house burned down. Sipping on liberal tears, wondering why LA still looks like a damn war zone full of pooping needles. True, true.
M
All the homes are called because of climate change. Because of climate change Time. When the fires arrive, I'll build a brand new LA. I'll build a brand new LA here.
B
700.
M
Land grab is underway. Land grab is underway. California. California.
B
My God, another banger. It's so funny how they paired in. These look so spot on. So fantastic.
A
Jeff, Andrew and Greenfield, Mass, thanks for your great shows. Thanks for. This one is so needed. Appreciate that.
B
Thank you, man. Yeah, thank you. And keep fighting a good fight. Vote John Deon. John has a really fighting chance against another. Speaking of 50 years and nobody. It's funny, I bring up his name and nobody even knows who he is. Like, who? Yeah, he's been a senator for 15 years. It tells you a lot, right? Nobody. They know Warren, but they don't know. But it's just. Man, it's just sad and in too many different ways.
A
Senator of the great state of Massachusetts,
B
Here's Mark Carney and Elon Musk. A little parody here. Listen to this one. It's a good one.
E
Elon.
L
Invest in Canada.
Q
Honestly, at this point, I should just offer England 50 bucks and a lifetime Tesla premium subscription. To buy Canada outright could probably fix the whole place in a long weekend. Step one, build pipelines. Step two, fire half the consultant. Step three, ban government agencies from using the phrase stakeholder engagement framework.
L
The world is becoming more divided and
Q
dangerous, especially for anyone insane enough to try building in Canada.
A
Canada offers stability and strong partnerships.
Q
Your version of partnership is taxes, subsidies, activist vetoes and paperwork stacked to the moon.
A
That's unfair.
Q
No, unfair is having some of the richest natural resources on Earth and managing them like a collapsing university diversity office.
A
Responsible governance requires balance.
Q
It requires adults who understand economics instead of people addicted to regulation and press releases.
A
Canada is committed to growth.
Q
You have oil Gas, hydro, minerals, farmland and world class engineers. And somehow your national strategy became kill pipelines, inflate housing into a Ponzi scheme and prey taxpayers can subsidize the collapse.
B
Canada is building a cleaner future.
Q
China burns more coal in a week than Canada offsets in a decade. You're not saving the planet, you're strangling your own economy while pretending moral superiority is an industrial policy.
A
That's, that's the, that's it. Everything wrapped up in that last statement. It's exactly what they're doing. India and China burn ridiculous amounts of fossil fuels and pollution and enough to, you know, take care of the whole world. And yet we're going to, you know, strangle economies over here, you know, because of that. It's only meant to bring the economies down. It's not meant to do anything other than that. The whole climate change fake narrative that
B
they, all those natural resources. Yeah, well that's why Alberta is going to vote I think in either October, November to secede and us. So they would always recognize them. I think they're going to succeed.
A
They do.
B
I think that's one, I think. Yeah, but Alberta succeeds, that's like one of the top three money makers. They're going to put the pipeline right down in the United States. They're going to do, I mean they're going to make a ton of money. Yeah, because don't forget all their, well, they got to share with all the other provinces. Don't make a dime. And it's funny because we always thought, you remember Quebec always wanted to be the one to secede and looks like they're gonna, who knows, they may want to as well. But it's funny how this whole thing's playing out. Well, Stephen Colbert of the Late show, he took over for David Letterman. It turned out nobody watched the show. I mean they were losing $40 million a year. They finally said, hey, you know, $40 million a year, gotta say goodbye, your ratings are in the toilet. We're losing money. Anything that loses $40 million, you go like. And they go, I can't believe they're canceling it. Well, they did cancel it. He had his last show. And here's, here's Trump taking out the trash to our final broadcast, ladies and gentlemen. Grabs and throws them in the dumpster. Oh, we can't play that song though. I'll play the show. The dancing. I can't play the YMCA song. So you just see him doing the dance. There's another one where Rubio comes in and throws him, throws him off the stage and then sits behind the desk and calls his first guest and it's Trump. That'd be great too, because he has to do the, you know, it's the Rubio meme. You have to sort of consistently. He's got, he's got 40 jobs. And that's the funny thing is like you look at the JD meme and it's a fat lazy dude, you know, for some reason, I don't know why, who made a fat lazy JD but they got the crazy hair and big dude who's typically lazy. Then you got the Rubio meme where Rubio has to take on another job. The guy, hardest working guy in the, in the, the entire administration. As you guys look up there, you see there's a QR code, Jeff, and
A
there's a clip that goes with it.
R
Five bucks for a latte. Half of that feed some hipsters avocado toast habit. Quit financing coffee fads you don't need. It's time to rebel. Your badass great grandpa had only one tin cup and brewed his coffee over an open fire. We roast to order, ship free and keep every bean bold enough to wake the dead or at least your 9am meeting. We make coffee that punches Mondays in the face. Badassery coffee fresh, fierce, great, roasted fresh, ship free, chaos pending order now@badassery coffee.com badassery coffee.com Five bucks for a latte. Half of that
B
so good we watched twice by mistake. There you go. Scan that QR code, baby, and go ahead and buy yourself some coffee. Some badassery coffee, baby. That's pretty much all we have today, Jeff. We're gonna be back tomorrow night. Appreciate your new listeners today. Appreciate everybody. Andrew and Greenfield, thank you very much. Keep fighting the good fight, man. There's good people up in Massachusetts, 40%. By the way, when last, when I was talking to John last, he said, look, the last if, if he goes, if the same people who showed up in the primary show up for the general election, the win, the same people that voted for him last time, those same people show up and vote for him, it's a good shot. He will absolutely win. And I think the Massachusetts is ready for a change. I think they're tired of, you know, just with all the bs and the fact is all this gerrymandering, if you look at Massachusetts, Rhode Island, Connecticut, right? Every one of those sort of those New England states, there is no Republican anything. There's no Republican that works. There's no Republican. But Republicans live there 40 showed over 40. John got 40 of the vote with an under capitalized campaign when he ran against Warren, arguably the face of the Democrat party. She's certainly one of them. I'm sure she's going to run again and God who wants to listen to that screeching enough Sid. Appreciate you guys. Appreciate you guys. We'll be out of here. Jeff. I think that's all we have. Time to go. Anything you want to say before we get out of here and we get into our weekend? Anything.
A
That's it real, real clear. We are going to be back tomorrow night, 8:00pm Eastern Standard Time. Everybody have an amazing weekend. Thank you guys for showing up and being part of the show. We look forward to seeing you guys on the next one. More great content.
B
See you. See you guys soon. In a few hours. Chip and Jeff out. Are you down with otc? Please like subscribe and click the bell to be notified when the next video drops.
Date: May 23, 2026
Hosts: Chip & Jeff
Podcast Focus: Blockchain, Cryptocurrency News, XRP, and Financial/Geopolitical Commentary
This episode dives into how recent technological, institutional, and narrative shifts are transforming XRP and the broader crypto ecosystem. The hosts connect dots between XRP's evolving use cases (such as yield systems, real-world asset tokenization, AI integration, institutional vaults), major developments on the Flare Network, and the growing presence of programmable financial infrastructure. They balance analysis of crypto infrastructure with discussion of wider financial, political, and cultural currents, highlighting where XRP fits into today’s rapidly changing landscape.
For both veterans and newcomers:
This episode delivers a comprehensive, candid run-through of how XRP is changing — highlighting both the technological and cultural tides shaping blockchain's present and future.