← On The Chain - Blockchain and Cryptocurrency News + Opinion
On The Chain - Blockchain and Cryptocurrency News + Opinion
XRP Exposed | EU Admits Failure | Canada on the Brink
01:56:21
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- [00:02]
A
Welcome to on the Chain. Man, it's great to be back, Chip. Most people, I'll tell you what, feel like everything is breaking all at once. Crypto, governments, economies, and they're told it's total chaos. But I'm going to tell you right now, it's not chaos. It's transitionatory. Today we're breaking it down. We're breaking down the xrp, what the metrics actually are showing, why institutions are moving in right now, why they're looking, why they're getting ready, why transparency is an actual threat to all the legacy systems out there, whether it's government or banking.
- [00:40]
B
Yeah. And while XRP infrastructure is scaling quietly, governments doing just the opposite, admitting failure, fracturing internally, losing control of narratives they use to dominate. And it seems like Davos got them pretty triggered, Jeff. They are really triggered about every little thing Donald Trump said. It's not just crypto news today. It's geopolitics power money colliding in actual real time.
- [01:07]
A
And not like all those YouTube fanboys out there that are predicting 1000xRP a million Bitcoin tomorrow. Man. If you really want to understand what's happening, if you want to understand where the leverage, the power is actually shifting, why this moment in history right now matters, why you got to be paying attention. Well, I'll tell you what, now you are in the right place. Right here with Chip and I on the chain. Let's go.
- [01:38]
B
Welcome to on the Chain. Welcome. Everybody down the chain. Guys, where are you coming in from? Where are you coming in from today? Let's just see. Let's hear from you guys. And we got a lot to unpack today. Seems like our shows have been running a little on the long side. Jeff. The last two shows we did were like a minute to an hour 20, an hour 25, an hour 30. We've been kind of hitting this hour 30 mark. It's just because we post stuff and the funny thing is we don't always get to all the stuff we want to get to because we bloviate too much, we talk too much, we ran too much. But that's part of the show. That's why you guys are all here. Looking forward to hearing this one. Kyle, great to have you here with us. Really appreciate that.
- [02:17]
A
And everybody that give a quick shout out from where you are tuning in from, I'm seeing a lot of new faces or new names that are popping. It could be because YouTube messed things up, but I also think, I mean, there's tons of new names that pop in and it's great to see everyone. So make sure you guys hit the thumbs up. Hit the, like the video, hit the subscribe and get a shout out to where you are tuning in from, like directly from Snowmageddon, Pittsburgh. I know I've got 8 inches of sunshine outside right now, so.
- [02:45]
B
Yeah, yeah, they're gonna get pounded. I know my brother, I was talking to him, he lives in just a little bit north of Dallas. And they were preparing and they were saying it's the, it's, it's a storm you're gonna remember 30 years from now. That's the kind of like they're always pitching it like this big thing. And the, the real danger is pipes freezing.
- [03:04]
A
Right.
- [03:04]
B
You know, that's the big thing. And a lot of. Last time that happened in Texas, I remember, remember the grid went down, 20, 22, I think it was. And a lot of people's houses flooded because the pipes broke. Houses flooded and they were out of their houses for six, seven months. So it's a big deal. And this is why. So I, I supposedly was supposed to start last night. I haven't talked to him yet, but I'm kind of with Amherst, New York, what's up? I hail from North Tonawanda. What's up? Know Amherst very well. Grew up in Buffalo, New York. That's why I'm a Buffalo Bills fan. Josh Allen got replaced, I see, with the 589 bear he did last time was the Yeti. I'm gonna just keep moving them around. I keep putting different things up there. Josh, the season's over and we're gonna look till next year. I have a, I have a big yeti that I, you know, that I stick up there as well. So we're gonna be switching it up, just putting different things in there. Gonna watch YouTube, my TV now. I love to see that. Love to hear that. Getting ready for snow. Yeah, I mean, a lot of people are prepping for this whole snow cold ass yeti country. Colorado, Zilber's up early. What is the time? Is there six Colorado right now, seven o'. Clock. 36, 36, 26, 26 behind us. Yeah, Silver's never misses a show. He's always here. Bill's fan too. Yeah, they're pitching Mike, this McDonald McDaniel guy from Miami. I'm like, no, they're pitching all kinds of stuff and I don't want to get too much in the football, but I don't like where this direction is going. But I like, I actually like rivers. So, Jeff, do You know, the thing about Rivers, this quarterback who retired five years ago, and he came out of retirement to play a little bit chunky, moves a little bit slower, but funny enough, he did complete a lot of passes and kept them in the game.
- [04:44]
A
Yeah.
- [04:45]
B
So now he's into. Philip Rivers is interviewing for the coaching job for the Bills. I'm like, people are laughing at that. I'm like, you know, I don't know, like that Josh Allen's gonna choose who the coach is. I don't think he should be in a position to choose. I think the management needs to choose that. But who knows?
- [04:59]
A
Freezing Wisconsin, but no snow. You know what? There's nothing worse than freezing cold weather and no snow. If it's going to be cold, it's got a snow. At least the snow gives like an insulation, man. Growing up, I mean, you, you, you were from the Buffalo area. I was from the Syracuse area. At least my family was. And I lived there for a number of years. And man, I'll tell you what snow.
- [05:26]
B
Jeff, you didn't get all that?
- [05:27]
A
No. Syracuse got lake effect. We used to get.
- [05:30]
B
Did you guys get lake effect?
- [05:31]
A
Oh, yeah, it was funny. I was, I went out one night, I went out, came back late. We got in the house and I parked and there were like four or five foot snow banks on either side of the driveway. The crazy thing is I didn't see my friends waiting for me. It was like one o' clock in the morning. They were waiting in front of my driveway. Get home. I didn't see them right. They waited until I went out inside, they lifted my car and they moved my car sideways into the snow banks. So the next morning I came out and I'm just like. They moved the car sideways into the snow bank so I couldn't shovel to get it out.
- [06:15]
B
Oh, you can't shovel cold. I don't like cold, period. Man. I'll be honest with you.
- [06:19]
A
You know, you cannot.
- [06:20]
B
It's funny when it dips into like the 50s in Florida, Jeff, Everybody's got like winter jackets on. It's like they're, they're wrapped up, they got scarves on, they're wearing hats. Meanwhile, like, I remember growing up, it was like, if it got up to like 35 or 36, you were outside washing your car and shorts, you were like, that was short weather. Winter has broken.
- [06:39]
A
Oh, yes. All the time. When I was younger, I would leave the house and I remember my mom would look at me, we're going to the gym, college.
- [06:48]
B
I would always wear shorts because My legs were never tired. It was always my leg. And I like, I'm not a vest guy. My brother's like, I'm a vest guy. I'm like, I don't get vests. Like, my arms are cold. My, my chest is never cold. It's always my arms that are freezing. You know, my arms are freezing and my hats. My head's warm. I'm good. I don't. My legs, you know, I would always wear in the snow, shorts. Go places in the shorts. It never bothered me at all. Go to the gym.
- [07:10]
A
I never. But all those years, I never once owned a pair of gloves. I didn't have gloves unless I was. Unless I was out skiing or something. Other than that, no gloves. I don't even think I owned a hat. I mean, I would be outside walking the dog, zipped, and you just walk around.
- [07:28]
B
Charles, this is the. These are the people that we are thanking God for every day. People like you that love the change of seasons. Florida's already crowded enough. We don't need any more of you down here. We don't need any more New Yorkers down here. Okay? The people that love the change of seasons, we love you. Because we don't love change of seasons. We like 70 degrees all the time or really hot and occasionally a dip. That's what we like.
- [07:50]
A
Occasionally a dip. So we can have fires outside, but that's about it.
- [07:53]
B
Trump's secret Greenland plan. Trump tugboats hauling out huge iceberg chunks as fresh water for crops and municipal toilet flushing. Mideast deserts. The bloom is gardens. Vegan paradise. Yeah, I like it. More monkey business. People complain about the weather are over.
- [08:10]
A
Over 50 now. I started complaining about the weather way before that, hence leaving.
- [08:14]
B
Well, you grew up in Buffalo, you know, and it's like six degrees outside. And you know, I remember going to a Jets buff Bills game one time and it was minus 6 degrees and like with the wind chills like minus 20. And I sat on an ice block, I had one of those survival masks on where you just like the slits for the eyes, you know, And I still froze. The problem with the old Bill Stadium is like, you would go, I know what we'll do. And halftime, we'll go inside. Well, it's. You're still outside. It was like you would just not have the wind. So you felt like it was a little bit warmer, but you're still outside. It was like, there's no, not like this new stadium. It's going to be, you know, state of the art, but it's an old crappy stadium. I remember you'd go, you'd go there and it was just, it's just horrible. But global warming, Greta. Yeah. Did you see Trump put out that post on X? What happened to global warming? It's supposed to be record cold this week. He was just trolling these guys.
- [09:04]
A
That's the truth right there too, man. The younger generation can't drive in the, in the.
- [09:10]
B
Brian calls it right here baby. 100 called it right there.
- [09:14]
A
We used to drive, think about it. They've got their navigation, they got all sorts of stuff. I used to have a.
- [09:20]
B
Paper maps.
- [09:21]
A
For one year I had a DOT Twitty ZX trying to drive that rear wheel drive, you know, five speed, drive.
- [09:28]
B
That through the snow or the floor all over again.
- [09:31]
A
I broke, ended up breaking the car, but that was crazy.
- [09:35]
B
When I lived in Michigan I had a big old Jeep, big ass tires all jacked up and everything. And that thing was great because it would always, it could go through anything. You know, every once in a while Michigan we get a bunch of snow and you know, like no one can go into to work because the highways weren't plowed right in.
- [09:53]
A
Right.
- [09:53]
B
You know I remember one time I drove an hour and a half down to the, you know the, the tech center on nine mile over there and it was, it was like everything was closed. I was like what do you mean? I just drove down here like an hour and a half and threw out the snow. Did you notice anybody else on the drive in the highway? Not really. I had my big ass Jeep man. And I had a hard time for the winter time. Jeff. It was a renegade. It was a renegade and I had a, I had the hard top that I put on in the winter time that I kept in my basement and then the, the. Or my garage rather, but the. Then they put the soft top on the suburb because. But if you had that soft top bottle like that hard top made a huge difference. First of all it locked in all that, the noise. But you crank the heat up and that thing would get hot like this. You know I, I love my jeeps. When I had them it was a lot of fun.
- [10:43]
A
It didn't work so well. You know, it's, it's amazing what my, my big takeaway moving from upstate New York to Detroit area, coming from typical, you know, 8 12, 2ft of snow, whatever on the ground to Michigan where they would get six inches of snow and everything would shut down. In the Detroit area, normally different, but six, I'm like it's six Six inches of snow. What's a big deal? I'm going out. Then you go out. You can't drive because there are no snow plows. So for years, all they would do is salt the roads. They wouldn't plow the roads. And I remember one trip we were gonna. There was a massive snowstorm. We'd always drive from Detroit up through Canada, down through Tonawanda, and then down the turnpike over to Syracuse, and we'd make that drive. And I remember the one. We're checking the weather, and they said there was a massive snowstorm. They shut the turnpike down for the first time. I don't ever. And I said, don't worry. By morning it's going to be cleared. So we called morning. Yeah, no problem. We drive there. Michigan's all messed up. Canada is nice. Then we get into Tonawanda, start dropping down onto the turnpike. Not even a. Not even a drop of snow anywhere. You wouldn't even know that it snowed. You could have no idea.
- [11:58]
B
And it was.
- [11:58]
A
It was closed the night before because it was so mass. So messy. Michigan, you could barely get out of. And they had, like, four inches of snow. It was. It was such a. Like a. A polar opposite. I'm like, hey, yeah. Wow.
- [12:11]
B
It's all. It all depends on where you live. And I remember one time I was driving across Canada because it was always faster going across Canada, right? I remember. And I was, like, jamming music. It was just me, you know, I was. I was driving across to go see my family. And I remember, like, there was a massive. It was snowing really hard. Like, the visibility wasn't good. And I'm driving. I'm cranking music, and I'm driving slower. And I realized. I looked down. I'm like, holy crap, I'm on E now. This is before mobile phones. Cell phones, right? So I see it. I see a. I see a cop. And so, like, I flag him down. Like, I like this. He kind of, like, puts his window down. I go like, hey, man, is there a gas station close by? I just noticed. I'm on E. He goes, yeah, there's one up here. And he took off. And I was like, what the hell, dude? Like, I didn't want to get stranded in the snow. Like, no, no heat, whatever. Like, you can't even, like, sit in the car. Like, your car stops, you know, or has a malfunction. But I was like. So I was on fumes, and I got off the next exit and had to go a little ways to find the gas station. But I pulled in. Now I only ran out of gas one time and it was pulling into a gas station and as it was like chuggling in, this was in college. And it kind of just rolled and I was like, I had to push it to the pump. Like if my friends out, push it to the pump, fill it up. It's a good idea to run a gas in the well. It was the second time I actually run out of gas another time. But let's jump into it, guys. I mean, enough, enough. This is why we. That's why we go for an hour and a half, Jeff. Because we're talking. We just sit there just like we do. Like we talked before the show too. But I wanted to get jump into it here. This is a pretty phenomenal report. This is Jacqueline Melaniex. She's the founder of Token Relations. She's also the award winning host of Token Talking Tokens and Crypto America. You know Crypto America, that's one with Ali Terror. But no, you know what's interesting is what I should do. What is start promoting us. Jeff is award winning now. We just like just need to have somebody give us an award and we'll be an award. This is great. You got to just say we're award winning podcast.
- [14:12]
A
Yeah.
- [14:13]
B
Because I've said that we are a. We are. What is, what's the, what's the phrase? We use a worldwide pot. What do we use? Some. We use something like that.
- [14:23]
A
We're definitely global.
- [14:24]
B
We're a global.
- [14:26]
A
Yeah, we have. Yeah, we definitely have global reach web. We have followers, subscribers and listeners who tune. Tune in every podcast from all over the world.
- [14:36]
B
We just somebody smash likes right now, guys. Right now. Likes. Let's go baby.
- [14:42]
A
Mash them all. Every one of them. Don't even leave one to spare.
- [14:45]
B
By the way, I got to give Art a call. I've been meaning to do that this week. I gotta follow up with him. Yeah. All right. I gotta give Art a call. Here we go.
- [14:57]
A
So fill me in on how it goes.
- [15:00]
B
I will. Yeah. So we're going to be doing a little bit of experiment here. Three month experiment that I'm working on with the Art and we'll get. We'll talk a little bit more about it on the, on the podcast. But we're going to chat about it, but I gotta have a chat with Art first. But here we go. Amid a lot of market movement, Ripple and XRP have seen a lot of expansion over the last six months. Here's the latest report and break down on the XRP ETFs, the DATs, the Ripple acquisitions, XRPL network updates, Arrow USD scale and more. That's already a mouthful. This, this report is pret intense. It's impressive because it really gets into pretty much everything. We're just going to focus on a couple areas here but Ripple and XRP biannual report what is Ripple? You know you got to put all the things. What is xrpl? You know all the stuff you got to put it. But look at this, this is insane. Here's the executive summary. I don't know who put this together but a lot of work went into this notable Ripple and XRP developments talks about July 25 through January 26 kind of looking at the last six months going back to the the Control all partnership for Dubai Real estate. This is the SEC lawsuit concluded in August Ripple acquired rail for 200 million back in August September Franklin Templeton DBs securitized integrated RLUSD. In October Ripple acquired G Treasury for $1 billion billion dollars. The B Fortress and Citadel invested 500 million into Ripple. Then in November Ripple acquired Palisade A Canary Capital XRP ETF launch the Bitwise XRP ETF launched Franklin Templeton XRP fund launched back in December the 21Shares Core XRP token launched the RLUSD initiated a test phase on Ethereum L2OC bank charter application was filed and in January the SCA granted EMI license and crypto asset registration. Pretty busy six months for Ripple.
- [16:52]
A
It's a lot man. It's a lot of stuff going on.
- [16:55]
B
Here's looking at the network performance goes into RL USD, the, the D5, you know XRPL DEFY, you know transactions. But what I wanted to look at here's the trading volume. It's funny to see some of these really big peaks. Look at this. So you can see back in July and a lot of this is going to follow the price movement as well. But look at this man. I was like almost, it's almost hitting what's maybe 1819 almost to 20 billion in the, in the trading volume. You can see it's kind of gone down a little bit as we get into January over here. Market cap was at 176 billion as a mid January. Here's the metrics for the XRPL stablecoin market cap and if you look at that that's a pretty nice progression as well. You know if we look back to July it was just under 100 million probably around 75 million. Where you look right now it's close to $400 million on the stable coin. That's the RO USD. So whatever. Other stable coins too. There's other stable coins that are on the XRPL goes into what are stable coins. Here's the decentralized exchange on the xrpl. Now this is kind of weird because if you look at this, Jeff, what happened when we got to December, I mean, obviously the holidays, but look, it just fell off a cliff. So the decks have heavy volume. You can see that that mirrors what we looked at before. Probably price action too. July, mid July, going pretty strong. Died in September, back up November, early November hit a nice peak of over 20 million and then dead, boom, off the cliff, non existent. And we have a poll here too from ZOM and Wallet that put out a poll too, talking a little bit about who uses the decks. And it's so funny, Jeff. Ask a lot of people and it almost seems like they're puzzled. We talk about the decentralized exchange. The first native dex ever was on the xrpl and most people don't even use it. They'll go to an exchange and pay these high rates. They buy it, they pay commission, they sell it, they pay even a bigger one. Especially if you're on uphold or some of these other exchanges are high. But the dex is fantastic. But I don't think a lot of people understand and use it. This is one thing we'll get into a little bit later with Zalman. The Zomban team's looking to do and kind of remove some friction from that equation. Look at this, Jeff. Look at the RL USD circulating supply again, grown pretty heavily from July, just over 400 million up to 1.3 billion. So you can see it's steadily increasing here. What else we have here. There's the real world assets and tokenization. You can see, you know, some progression there and it kind of breaks them down into just different, different groups. Like for example, the light blue is open Eden all the way down to the Montes group, which is that orange area that you see here. But this report. And again, the best way to find a report like this is either go to onthechain IO after the show concludes or Jeff, you should drop in the email or drop in the website where they can scroll and they can get. And put their email in there. So they get the report after we finish, we get a link to everything we've talked about. You also, and if you miss the show too, you also get all the places you can catch the, the, just the, the podcast itself, which is voice only, it's audio only, podcast or if you want to watch it, you can, you can you watch it on YouTube. So everything is in there.
- [20:22]
A
100 on the chain IO.
- [20:26]
C
Yeah.
- [20:26]
B
Scroll to the bottom there.
- [20:29]
A
There you go.
- [20:30]
B
And if you go in there and just throw your email in there, squeezy. And look at the etf. Right. So you look at when the first ETF launch, it's been a steady incline up pretty much in mid January, still climbing. 1P kind of dropped a little bit, but again heading back, inching back up. And we've seen the inflows be pretty heavy. We've seen the outflows pretty heavy. On the bitcoin and the Ethereum, which.
- [20:56]
A
Do you have a comparative on the etf?
- [20:58]
B
I don't think they have a computer.
- [21:00]
A
There was so many, there were so many inflows already into the, into the bitcoin. I think the Ethereum ETF has suffered. I was, I had some Ethereum ETFs, got out of that and then I got into the. There was a mixed bag. Got out of that and then strictly now, just Bitcoin ETF and XRP etf. And it's interesting watching because the point that I got into the XRP ETFs XRP at the time was like 220. And so obviously it's, it's down off that mark with the Bitcoin etf. So got in way early as soon as they launched and they, you know, have gone up considerably. They've 3x since I got into them, which is really cool to see. But the Bitcoin was also, you know, lower at the time. So being able to track the development and people. It kills me that people still are trying to knock the, the etf. This is the way that you're going to see massive growth, the growth in, in the crypto market. It's going to be through ETFs and tokenized assets. The other than that, it's 100 speculative. No movement, no development, no growth. It's been stag. Not, I don't want to say stagnant, but in terms of mass adoption, we're only beginning. We're just like at the, at the first step stages of it. So stagnant, isn't it the right. We were premature is the word I was looking for. It was kind of like premature in the market because we're going through that infancy stage, then the toddler stage. The toddler finally got up and walked and then the toddler is walking, but then from an XRP perspective, they said, hey, you know what? We don't want you walking. And so the massive lawsuit and, and government overreach and over zealousness of trying to destroy the crypto market in the U.S. but now we're, we're beyond that, but we're still kind of in this. We're not in a full sprint. We're not, we're not there yet. It's not, it's not yet mature. In order to mature, we, we need more regulatory clarity. We more need more Main street use, but also more Main street dollars into it. DTF is a methodology of bringing more dollars, more focus, more attention. And then we need to see some of these projects really grow up. It can't just be ripple. We can't just be so ripple centric as the only big company that's actually doing something with the xrpl. There have to be others and then ship something that we've said a lot and you know, you've just said it. If you're going to be investing in this and holding the XRP as an asset and you truly firmly believe in the ecosystem, you have to also then engage with the companies that are trying to build in the space somehow, you know, but those companies have to bring value. They don't bring value, then forget about it. But if they're going to bring some form of value, you got to engage with them. Otherwise they're going to be crushed, gonna be decimated. And they need, they need dollars too. They need to figure out how they're going to get to the VC stage. What was, what was that company Cinnamon? We knew that was a massive, massive uphill battle to try to take on a YouTube or be a video platform. And they didn't have enough dollars to, to build their platform. And they just, and they were building on the XRPL they were trying to incorporate and use. And it was so interesting that they took that leap of faith. But then there was, there was nothing backing it and they just, they just went away.
- [24:34]
B
Yeah, it's just, it's hard to make it too. Especially when, especially the infrastructure build. Man, it's so expensive storage and everything else. Like imagine everything you put on X. Imagine every video you upload, there's storage for that. I mean, just like in the last minute, how many videos were uploaded? Multiple videos uploaded. It's incredible. This is pretty interesting here. This is a really interesting point. Ellen Tron says in 1964aminimum wage was 5 quarters or a dollar 25. Now 5 quarters dated 1964. And earlier is worth $92 in melt value because the silver just broke a hundred dollars. I think it was 102 or whatever. It's insanely incredible. Jim D says Asian guys via his boring economic channel predicts Black Sunday. Tomorrow's China dumps $688 billion in USA treasuries, total US market crashes and pension fund pandemonium. Yeah, well we'll see. Let's see how that works.
- [25:30]
A
Indeed.
- [25:31]
B
Yeah. So last year 1oz of silver bought 9.8 xrp. Now 1oz of silver buys 53 xrp. I started beefing up my XRP bags rolling a little silver and xrp I would have been rolling it the other way. I was rolling stuff in this over like when it was like 40, $42. So that's interesting but, but if you look at just like this whole report, I mean we can't get into everything but it's really well done and it has so much here to unpack. We can do like two hours on this alone. But talks about the, the dad investments, everything from Evernor Trident Digital. Look at the amount of money being put in. There's weavis, well just six. All this stuff. One billion plus 500 million, 300 million. You look at these Treasuries, insanely huge. The XRP treasury strategies emerged a significant trend in 25 with public debt disclosures confirming large strategic. So you start to see more companies and of course Michael Saylor who's the one that dug that well and made it even possible. I don't think anybody was ever thinking as far as a company of investing in any digital asset, let alone going all in on Bitcoin. And now it's just regular fodder. You see that companies have gone into Solana, you see they've gone into Ethereum and now X Add XRP to that list. XRPL upgrades and roadmap talks about multi purpose tokens and all the things happening with the XRPL itself. But the EVM sidechain, like what? Nice thing about reading a report like this is 2025. You realize so much activity's gone on and even though we cover a lot of this three times a week, you almost forget how much stuff has actually transpired when it comes to the XRPL in general. You talk like about vertical. Some of the acquisitions that ripple has made, you look at some of the builders and what they're doing. It's pretty much amazing. The tokenization, what's going to happen with that coming in 26, I think 26 is going to be the year of tokenization. This is all up on X for you guys to take a look at, but really well done report. And I don't know how much time went into that, but a lot of time. What is that? Just aggregating all the information. Here's something interesting too. This is from Evernorth, obviously a billion dollar XRP treasury. And it's funny because we just covered T54 the other night. T54AI. So now there's. They say that as we scale the world's largest institutional XRP treasury, they're going to be working and collaborating with T54AI, which we talked about just the other night to explore AI based agentic finance verification and more with the xrpl. And if you guys, you know the word agentic, if you guys don't know what that means, AI is agentic. You have agents that are actually can do things. A lot of, you know, regular AI is you type a prompt, the prompt returns something. When you have agentic, agentic is a little bit different. You can actually do stuff in the business world. It can notate stuff. Like you can go to a spreadsheet and it can add stuff. Customer service, it can go and notate notes, it can spit back information. But it also can generate things inside of a system. So if you think in terms of what it can do on the AI side, the agentic stuff can actually go and notate stuff. So it can do some automated things. Especially when you're talking about verification and different things around the xrpl. It can do things and it can actually notate and make things happen where it's a little bit more advanced than what we're accustomed to with just regular prompt engineering. They came out with this Jeff, this big look at. Did they put Evernorth big enough on there? Hell yeah. Ever north. So here it is. Talks about a little bit about the autonomous organization operations. AI agents are increasingly positioned to assist the operations, executing strategies, managing liquidity, responding to market conditions in real time. For institutional. And it's. It's stuff that can be handled by AI that you need a bunch of people and then just to be able to do it in real time. And especially when talking about liquidity or moving stuff. And it's huge. So Evernorth looks to embrace AI powered operations. The right infrastructure is essential. How do you verify agent actions before settlement? How do you access risk in real time? How do you maintain compliance auditable across an autonomous workflow? So this is where they're going to collaborate T54. Good stuff Jeff.
- [29:46]
A
Yeah, I like it. I like, I like seeing the development, I like seeing projects growing, advancement. There's so many pieces coming. We're still so early in this space. However we want to look at it. Things are really heating up. We're be, we're beginning to see all of the components that are required to have real world growth and expansion. You know, if you think back a couple years and even now if we sit where we are today and you said okay, let's put crypto on blockchain full, full into our current, you know, economic and business infrastructure, not going to happen. It's too early, you know, so we're start. NFT into contracts. How do you get representation of ownership with an nft, Representation of membership with an NFT that's transferable. Right. So if I own that NFT and I send it to you chip and we put it through a smart contract and there has to be some sign offs on it, not just a direct transfer but NFT is representation of ownership in X. Now I'm sending it to you, I can do that 24 hours a day, 300 and you know, 60 plus days per year. Whatever it is. I don't know if it's ever, it should never close. There should never be days where it closes. Right? So let's go all year, not no holiday, so let's go all day. Every day, you know, is 365 days a year, 7 days a week, 24 hours a day and, and let's call it a day, you know, and it would be amazing to where we get to that point. And it's interesting because if you think about the blocks that are put into trade and banking right now is that banking has a cutoff window. And so the only, you know, the mechanism behind that is A, it was heavily tied to personnel, B, the banks make interest at those close dates. So the longer they can hold your asset, your currency, then the, the more interest they can make. Even if it's short term, they're making money when you sleep. We need to take that part away. Not that people have to be, have to bank themselves. We want institutions that could potentially serve as a middle person or a middle institution. But it's, it's changing the fabric of what the bank is, is going to change dramatically. And we've seen that happening over years. We've seen online banking where you have, you don't have a branch, don't need a branch and, and yet, and here we go, we're making these changes, we're making Development, we're growing. A lot of things are being exposed right now. And this is really important to the adoption. Transparency, trust lines. How do we, how do we establish ownership and show representation of ownership of whatever this digitized asset is going to be or tokenized asset? There's so much to it. We're still all. Everyone's still experimenting and playing around. Kind of like the Metaverse. Did people really want a metaverse? Was the Metaverse really needed? Was the Metaverse really a solution to anything? Was Metaverse really meant for people to gather in a gaming environment? Nobody wanted it, nobody engaged with it. You know, it's died every other time. And there's certain like Final Fantasy type people, you know, maybe, you know, you could put Final Fantasy into a metaverse, but it already existed. You know, the, the problem wasn't with the gaming infrastructure. The problem was with the asset infrastructure. How do you transfer and sell asset? Well, Second Life, or whatever it was called years and years ago had an entire economy, right? Had an entire economy with real value to the currency, with a trade to the USD and other currency had real value. All of that was already built. What, what were people doing with the Metaverse and trying to reinvent all of that again when it already existed? It made no sense. People are pumping millions and millions and millions of dollars into something that already existed. What's different and the change is where we're going. Like with Expector grew. They've understood, they've, they've been nimble and now they're looking at it like, what can they do from an educational perspective. Yeah, Dirk is, Dirk is definitely hyper focused now, but he's gone through the pain. He's had to live with it. But he's been nimble and he's like, okay, I'm learning, I'm changing, I'm, I'm going to where the business has to go. And I'm loving seeing Dirk's pose and the engagement, you know, and it's 100, you know, it's, it's a completely different thing. But man, the, the space was new, the space was young. And if you've, if you're able to bootstrap it and you've got that, you know, it's, it's not endless, but if you can change and learn from your, from your experiences and that's, that's where xpect is going. I'm loving also.
- [35:03]
B
Yeah, he's also pivoted quite a bit too, which is fantastic too. And I still gotta, he sent me a hack on how I can Use the Mac. I just gotta spend a little bit of time to see if I can do it because I'm really excited about going in on there.
- [35:13]
A
Yeah.
- [35:14]
B
And it's funny that.
- [35:16]
A
Yeah, sorry, I didn't mean to distract you, but I was just posting that up there.
- [35:20]
B
100. It's funny because I tried to meet up with Minus when I was in Japan, but he was just coming in after being up 20 plus hours, not feeling 100. I was kind of just on the way out of Japan. We were trying to, we were that close, man. We were that close to, to meeting in Japan. But, but I, but more than anything, I, I think, I think Japan ruined food for me forever because nothing will compare to how amazing. You know, everything from the sushi to the ramen is just next level. And I know, I know Minus is a huge ramen guy. He's like the Ramen king over there. If you want to go minus, drop your channel in there too, man. He's got this cool channel. It's not crypto focused, but it's super interesting. But drop your channel in there, your link in there, because I, I. You're always doing stuff, especially when you're doing stuff on Japan too. But if you're even out, you know, if you're stateside too, and you're out there as well, but put that up there too. I think that's. By the way, did you know that Minus is a metal metaverse expert? By the way, did you know that?
- [36:16]
A
I did not.
- [36:16]
B
Did you know that? We're crypto. We're self anointed crypto and political experts, you name it, we're the experts and everything. We're never wrong. Right, Jeff?
- [36:24]
A
We're always, We've never been wrong. I don't, I don't know a point which is insane that we've ever been.
- [36:30]
B
Throw your YouTube channel link up there. That's, that's, that's you on ax, which is good, but. Oh, that, that. I think that if you click that on YouTube, that will get you there. I believe so.
- [36:40]
A
But I'm glad Minus Wells is a metaverse expert and he agrees with us. All right, So I think that the metaverse was, you know, they tried to make it a computer game.
- [36:50]
B
We just call them another whack a doodle. Yeah.
- [36:53]
A
VR makes no sense. Nobody, nobody is going into VR. I just, I just don't see it. If it's just like, just general stuff.
- [37:03]
B
Meta backed off, meta backed off, the whole thing. Everybody put a billion dollars on it. But see, the Thing is like, just like anything, if you look at Apple, Apple had something called the Newton. It was this little pad. It was this little tiny thing and I, I had one.
- [37:16]
A
Dude, I remember it.
- [37:17]
B
Oh, it was too early, Matt. It made a lot of sense. It's just you had to wait like 10 years for, for tech to catch up. But it was like the Newton, by the way, somewhere I have these, I have the original docs on the Newton, you know, the Apple Newton. And it was great, but, you know, was way too early. Couldn't do some of the things that you needed it to do. It was way too expensive on top of it. But by the time it caught up, you know, the Newton transformed into an iPad and all that stuff. So that's not me, that's James Rule. Told you.
- [37:44]
A
Look at that. Told you. Is that James Rule?
- [37:50]
B
Told you so.
- [37:52]
A
That's awesome. We should all, all get one like that.
- [37:54]
B
Yeah, yeah. Everyone's backing off The Meta. Yeah. 100 chaps. Beautiful.
- [38:00]
A
It's a moment.
- [38:01]
B
I'm gonna put one of Chaps. I'm gonna put one. I'm gonna put one of Chaps comments up here, which is spot on here in a second here. So hang on for that. I wanted to jump into this.
- [38:11]
A
Jeff, hang on. Before we jump in, look what time is gotta. We gotta take a momentary break. We're chopping up this.
- [38:18]
B
This is why we can't do an hour podcast. Jeff, we talked too much.
- [38:21]
A
I know. We talked much.
- [38:24]
B
Go ahead. I know that up there, this is.
- [38:26]
A
Called the Tempest Cling Stomp.
- [38:29]
B
And I hated the BlackBerry so much that I wanted to crush it. I wanted to smash it with hammers. I hated this thing. It's like a PC to me. When iPhone came out, it really highlighted exactly why I hated the BlackBerry so much and why I despised it so much and why had I had one. And I hated it so much. I just hated everything about it.
- [38:50]
A
Jumped out of it. But I loved it.
- [38:52]
B
I love, I love the concept of being able to respond to emails. I love the concept of carrying with me. I just hated the interface. I hated everything about the way it looked, the way it felt. And there's no. And there's a reason BlackBerry's gone. Right? And they had to reinvent themselves. It's just the crap company with a crap organization.
- [39:09]
A
I know they've been trying.
- [39:10]
B
They tried to do some other stuff. I don't know what they did. And then when they had the co CEOs, I'm like, they're doomed. This company's going down. The BlackBerry. What a joke that was. My God. That's when you say the word PC to me.
- [39:23]
A
I had a BlackBerry for global travel, and. And it was great because that was kind of before, you know, it was hard to bring your cell phone globally and any country. I went to my black.
- [39:34]
B
That's crazy. What a freaking sim in it. That was very easy.
- [39:39]
A
No, like trying.
- [39:40]
B
Let's roll, guys. We're doing a giveaway for the badass Yetis. Nft. Go ahead. And we're gonna roll. We. Every time we put together a custom song, you're gonna count on one thing on the chain. Custom song every time for the giveaway. Jeff, go ahead and roll this puppy. Tell us what we're winning today. Look at that.
- [39:57]
A
Winning Badass Tempest. Badass Yeti number 216, Clan Tempest. This guy is absolutely badass. He's got the blue eyes and he's unique. And this guy hits hard, so. And you're about to hear how hard he hit.
- [40:12]
B
So here we go, Tempest. Let's go. Let's. Let's see this. Roll it, Jeff. Roll the. Roll the. The Tempest song.
- [40:18]
A
Here we go.
- [40:21]
D
What's that noise? That's Clan Tempest coming for your hide. Fur all white, smile real cute. Bash heads to the very last Tempest best roll and the ground goes fast. Cuddly friendly, cross that line, we crush your spine. Stand your ground, not so smart. Now. Find your shaman that catch your spear. We don't fold, we don't sink. Fight the last breath. Tempest made Tempest laugh. Drums hit loud, you get stomped. That's the plan.
- [41:14]
E
We get.
- [41:18]
D
What we do. We back down. White tribe. On the chain. This is badassery.
- [41:51]
B
Jeff. We forget to tell people the show is sponsored by Badassery. What is Badassery? Oh, that's our unique coffee that is custom roast to order. Order comes in, gets roasted, goes out the next day. You probably ever never experienced that, Jeff, if you could pull that promo up real quick. The promo, the show is brought to you by Badassery Coffee. Badassery Coffee dot com, baby.
- [42:17]
F
Go ahead and pull 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 badasserycoffee.com.
- [42:59]
B
There it is people. Go ahead and get yourself coffee. Here we go. Put out this poll. We're just talking about the decks here and what the question they're asking here is have you ever traded on the XRP ledger Dex or AMM with Zaman if you picked no. What's the number one blocker reply in the comments? We're actively working on removing friction for seamless custodial access to trading XRP and the other one. So I was just curious. I didn't answer this poll but I was curious what the consensus is with everybody. Kind of drop a comment in there. Have you ever used the decks? Have you used it using Zomban wallet? A lot of us have Zomban wallets. We have XRP sitting in there and it is pretty easy to use. And also too, you don't have to pay the fee with this massive fee, especially if you get it with uphold. Uphold has some pretty good fees. Why or why not? And the. And the options are yes, regularly. Yes. I tried it once. Not yet, but interested or not yet? Not interested. So just curious, what does the consensus feel here on what you guys have had? Coffee is in my lifeblood. Yeah, Drinking some badass shitty coffee right here. Here it is. Here's a bag of it right here people. Right there. Bam. Badassery. There it is. Boom.
- [44:13]
A
Badass free coffee. Whole bean.
- [44:16]
B
That's what it is right there. So I'm drinking some of that right now, you know, so. Oh geez, Jeff, look who just popped in. There he is back there as well. So there you go. Coffee in my life blood. Yes. Yes, regularly. Good. So flow says regularly. If I don't see anything else, we're gonna choose regularly. I've used it a bunch of times for, for getting xrp. I've used it recently a bunch of times. Super easy to use man. And again you don't have to pay those fees so let's go with that. Yes, regularly. So look at that. Man and neck. 36.8 have said yes regularly. 36.4 said not yet but not interested. So you got it pretty divided. You got a couple 17 that tried it once and then there's like 9% that love paying high fees and using exchanges. They probably don't use a self custodial wallet. They probably keep it on the exchanges. So that might be why it's a little bit. But I wanted to get into some of the comments. Bill Morgan said only 39 regularly. As the poll numbers currently sit, many in the XRP community are really missing out. So why wouldn't you use Almond for self custody and trading given how the low transaction cost the xrpl? Solid question. Chap says it was just in the comments right here he said I'm in the yes regularly camp. The seamless integration and ability to trade without losing custody is a game changer. 100% agree on that as well as the ease to integrate XAMAN into dapps. The main hurdle that I've noticed is the learning curve for new users but once they get the hang of it, it's seamless. Let's keep streamlining Access and that's 100% true. So we've always talked about the friction points in crypto period. But if you're a guy like Jeffs, you understand how to navigate. Yeah, it's a little bit easier. You use the docs, you're like, it's easy. And you know, even swapping is pretty simple when you know how to do it. The barrier of entry is like, oh, what if I screw up and do something wrong? You really can't. But again once you, you know, once you go ahead and figure out what your payment methodology is, it's pretty simple to use and once you're set up there. But he's pulling out a really good point here, is that the more friction you reduce here, the better it's going to be. And I 100 agree with that, with that sentiment. So that's it.
- [46:28]
A
That is it. Man, we drink so much coffee, we're wired all night. Don't drink. I drink coffee at night. I'll drink espresso after dinner. Not every night, but if I'm out to dinner, always have espresso.
- [46:39]
B
Well, this is already my second batch of badass Yeti's coffee. So what happened was doing show prep and pulling videos and stuff that Jeff and I do early mornings just, you know, before we get this, as I pull one cup and I'm like, oh, I've been drinking that whole thing, I better go get some more. And then I go with some more coffee and then wired, just wired all day. So there you go.
- [47:00]
A
There you go. And there's a segue right there from GEB. What does that say? Gab, Russell, grab whatever 8817G and all this stuff in between Canada without the US is nothing.
- [47:20]
B
Yeah, I mean it's just, I don't know what happened to my feed but it got totally destroyed by leftist Canadians and leftists that are Tweaked by what Trump said over in Davos. A lot of people have been getting very tweaked by this. I know that the one that's really affected the most and even people that I know that they have said because Trump said Trump made a generalization and what he said about the NATO forces in Afghanistan is they weren't really much on the front lines. Now that one comment blew up to everybody, including Nigel Farage who's very friendly with Trump, saying he didn't agree with that 457ish. Some lives were lost for, you know, Brits that actually fought in the conflict. I get that. I think it a generalization, but everyone took it as a put down that he was trying to say like he was making a generalization that most of the time it's the United States that's at the front and a lot of times it's NATO that takes a back seat. He wasn't discount the fact that amazing, these amazing humans are no longer on the earth that their lives were lost but everybody took it as a slight and they'll, they'll get microscopic on everything that Trump says. Yeah. Trump had some gaffes about Jeff on the other night. We're talking about Greenland. I switched over to Iceland and I went back over to Greenland. And then Trump did it where he was talking about Greenland. He, he went to about Iceland, talking about. It's like it happens sometimes, you know, and you're gonna make gaffes. Trump is a gaff machine at times.
- [48:47]
A
Well, we were talking about Sweden and Switzerland.
- [48:49]
B
We were talking about Sweeter and Switzerland. You know, I mean, let's face it, it happens, man. You just the other night we started this conversation about Sweden, then it transitioned into Switzerland or we started on Switzerland. We, you know, it's just, it just got all miscombobbled and everybody got all triggered and it got to be some big thing.
- [49:07]
A
Yeah. What's that chip? What's that new peace group or the peace organization. What is he calling it instead of the UN it's something else.
- [49:15]
B
The peace board or the piece Trump's.
- [49:19]
A
Peace whatever, whatever it's called. The objective is to get rid of these. Right. Get rid of the UN Replace it with a border peace. And then if there will be some sort of an office for people to gather at for the meetings, put it in Greenland. We don't need it in New York City. Don't put it in, in any major city, especially not in the US let's put it in Greenland, you know, because no one's going to want to be there all year round, way too cold. And put it somewhere there where people come in for meetings and then leave. Here in New York, the people come from all over the world, then they bring all their diplomats and they stay and they cause chaos. Don't want them. They can go back home. Yeah, don't need to be us. So I'll put it in.
- [50:02]
B
Set it up in Switzerland if you want. We don't care.
- [50:04]
A
I don't want it in Switzerland. I just want it in Greenland. Somewhere where people don't want to stay, they are forced to go back home. You put in Switzerland, they're going to want to stay there too. You know, we want them to leave.
- [50:14]
B
And they have diplomatic community so they can just go kill people and they're fine. They don't. They don't have to even go there.
- [50:21]
A
There we go.
- [50:22]
B
Well, it's amazing.
- [50:23]
A
Sounds like Department of War. It does. Exactly.
- [50:25]
B
Right, Right. Well, whatever, man. To me, I don't get caught up in names. I get caught up in the. Listen, if Trump's doing the right thing by getting off the teeth of the, of the Federal Reserve and slowly crushing it like a grape, the u. Think about governments. Governments only take. They don't make anything right. All they make are new tax regulation and new ways to basically hose, you know, people is what the governments do. So Trump says, you know, puts out the tariffs and now he's cut the trade deficit more than in half. It's by 60%. And then you also create a way to start paying down the debt. And you could also eliminate a lot of the, you know, income tax, especially for people making 150k or less. There's ways to. And then if you. And then there was a report that was put out recently that about a one third or more of the US Budget goes to fraud. So you cut that out, you bring the tariff stuff in, now you've got a way to reduce debt in a good way. But no, people want to hear this stuff because everyone's got their hand in the cookie jar. The Republicans and the Democrats are both reaching in there, which is why they don't want to have fair elections, which why they're not interested in that. Because they love the setup. They love the setup that you can have them in office. Once they get in there, once they bow and they bend the knee to the, the deep state and they keep, you know, following orders. They stay there forever and they get rich. This is kind of how it works. The chancellor, this is the German chancellor, right? Here, and this was kind of surprising. So here's the course, the gravy train. Here's the German Chancellor talking about European Europe. We are aware of those problems. Both Germany and Europe have wasted incredible potential for growth in recent years by dragging feet on reforms and unnecessarily and excessively curtailing entrepreneurial freedoms and personal responsibility. We are going to change that now. Security and protection predictability take precedence over excessive regulation and misplaced perfection. We must reduce bureaucracy substantially in Europe. The single market was once created to form the most competitive economic area in the world. But instead we have become the world champion of over regulation. That has to end.
- [52:43]
A
That's it.
- [52:43]
B
So it's a hit on the EU, Jeff, it's a hit on the EU. 100% bureaucracy doesn't.
- [52:49]
A
They don't need it.
- [52:50]
B
They don't need it. And the AfD leader, and I think the reason he makes a speech like this is because the AfD leader, which is the, the, the right party in, in Germany, came out and made a very public speech recently, which is why I think you're going to see the Chancellor say this is said that if we AfD party wins, we're leaving the EU. If Germany leaves the EU, it's over. And also they're going to do, not only they're going to deport but they're going to do re immigration, which means they're going to be shipping people that came in there. They're leaving. You can't, if you can't assimilate in German culture, you're gone and a lot of people are going to be gone. So this is what leads something like the Chancellor doesn't come out and say this for no reason and take a major shot at the eu talking about over regulation, security, everything else. What he's basically talking about here is stripping sovereignty from Germany. Germany. Look at how, look at how wealthy Germany was. What did they do? They went on the green New Deal scam. They closed their nuclear down, right? So now they're factories. You got people like Mercedes looking at like moving their entire operations potentially to us or other parts of Europe because they don't have the power. They don't have the power. They went to all this green new energy scam that's not really ready for prime time. And what happened? Germany, Germans were the best designers. They were some of the, in my opinion, some. I look at any kind of design, if it was like a gadget, if it were cars, they were the best in the business. And now they're having to move out of Germany and go to other places because they can't even operate in their own home country because they don't have power. Because they went in on this green deal scam, you know, wind and turbo and, you know, these. It just can't produce enough energy. And Jeff, as a result, a lot of this, they had to go in all in on, you know, Russian oil. Just. They're being crushed from internally. But these are internal problems. And this is why I like the AFD party. The AFD party will get this solved in a year. Close the border, deport the people, turn the nuclear back on. Germany's humming. Germany's gonna see a major GDP growth of 3 to 5% overnight. But geez, if you want to control people, that's probably not the way you want to go. Jeff, if you're looking at controlling people and keeping them small and crushing them, and not only that, but the taxes that have gone up in Germany, Germany really ought to just break away from the EU because Germany will soar. It will, it will. It will get to be so huge. And I just hope the AfD party wins. And that's why, you see, you say, like, oh, that's weird. The Chancellor would say that. Well, yeah, you're pushed to say that based on what is coming, Jeff. And big news in Japan here.
- [55:29]
A
Interesting, Chip. It's really interesting. If you look at gdp, right? Look at the, look at the big gap in GDP from the U. S.$30 trillion, second only to China, 19 trillion, right? Then you go down. Number three is Germany. Number three in the world for GDP is Germany. So when you talk about a powerhouse that's controlling and financing the EU, it's 100. Germany because of, because of their GDP. Then you get down there, Japan ranks India. Look at the big difference between India and China, right? And India has to start moving up in terms of GDP there. You know, they're definitely trailing, followed by the U.K. france, Italy, Russia, and then Canada's number 10. Go. Go figure, you know, that Canada is number 10 on, on GDP. What is going on with all of this? You know, there, there has to be, you know, some massive, some massive changes. This is 20, 25, 25 predictors for 25 big gaps. You know, a lot of things have to change. A lot of things. You know, we, we need to see more development across the board. Netherlands 1.3.
- [56:50]
B
That's amazing.
- [56:51]
A
I think, you know, if you look at it, I think that Elon Musk could come in and say, hey, you know what? I'm going to buy A country, you know, and then, and then let's put an end to it.
- [57:01]
B
Can you imagine? He buys a country, sets up a country, just buy a country. You're trying to do that with Greenland. What about Somalia? Where's Somalia's gdp? Non existent. Okay. I don't even think it's on there. Jeff, see if you can locate it. It's 20 million. It's $20 million and that. And that's probably because, you know.
- [57:20]
A
Because all the fraud, all the money that, that they've been sending from this country and others.
- [57:25]
B
Yeah, exactly. Zober says in America the motto is land of the free, home of the slave. Well, thanks to things like the, the Federal Reserve.
- [57:32]
A
13. 13.9 billion.
- [57:37]
B
13.9 billion. Gosh, that's a little bit tiny.
- [57:40]
A
So the GDP per capita, $798.
- [57:47]
B
Okay.
- [57:47]
D
Wow.
- [57:49]
A
They're modest growth, driven by agriculture and livestock. They have a 4.1% growth rate recorded in 24. They're expecting it actually to be 3.7 when it all balances out. But this is their projections for 26. They still won't pass 14 billion. So they're at 13.9. So the majority of that. Think about how much money has been siphoned from the US From California, from Minnesota. Let's go around the country and see how much money had ended up being siphoned out of the U. S. Taxpayers through, through the fraud and deception and sent over to Somalia and other countries around the world. And The Democrats have. Are 100 linked to it. 100%, you know, and so once we find that out, this is their last bastion of hope for their, for their fraudulent financing. They're getting crushed and kneecapped across the board, getting all their funding taken away from them that they've decept, deceived out of the.
- [58:57]
B
Jeff, do we lose your mic again? Your mic went. I don't hear you. Hello? Maybe I.
- [59:04]
A
Then the Democrats won't be able to fund anymore. And that.
- [59:07]
B
Weird. Did your mic go out or was I maybe one of the two? Because like I saw you moving but I didn't hear your voice. It was weird. Second time it happened.
- [59:15]
A
Yeah.
- [59:17]
B
So Prime Minister Takachi over in Japan. Yep. She has done something pretty, pretty, pretty bold here. She basically dissolved the House of Representatives. So let's take a look at this. Now listen to. Now listen. When you hear the crowd, you hear some, a little bit of the sent. Now you can tell the party that's excited about this and the party that's not so excited about it. Right. It's amazing. It's the first female Prime Minister of Japan and she's a badass. She's like. She's not. And this is a bold move right here, Jeff, because potentially, you know, the thing is, if you go ahead and dissolve the House of Representatives, you got to have a snap election. A snap election. You. It could be, could work against her. It could actually back. You know, it could potentially fail or it could have some sort of an issue here. But if you want to look at. I want to throw this up here on the screen here.
- [60:35]
A
They're dissolving the Congress.
- [60:37]
B
Yeah. Basically dissolving Japan's Minister of State for coexistence with foreign nationals. Onoda Kimi made a long post today expressing her views on immigration. She stated that some industries in Japan cannot function without foreign workers and that we should not ignore this reality. It's drawn extremely negative reaction from anti immigration netizens. They don't want to be told why Japan needs foreign workers. They want to revoke Prime Minister Takachi's policies that are increasing the amount of foreign workers in Japan. I think it's just really the opposite of that. This is interesting too because this Denny says, the first time I went to Tokyo in 2013, every restaurant, every Family Mart, Lawson's, Seven Eleven, etc had mostly Japanese staff. Now almost every Family mart has at least one foreigner working there. Yesterday I went to McDonald's and Ioma and almost every staff was Indian. It's just crazy now when I was just there because I frequented, you know, the Family Marts, the Seven Elevens, you know, the Lawsons, which are there big chains. And I didn't never saw any native Japanese there. It was all. It was either it was all foreigners of some kind. Now the good news is they also like the Indians, they spoke English, which was good for me, which I did see one, the Lawson's. It was by our hotel when we were in Tokyo, the first hotel. It was. Yeah, there was one. I saw one Japanese, you know, native Japanese, but every other one, none of them. So, so, so why was it okay in 2013 to have, you know, natives, you know, Japanese work in there? But now it's not. It's. I think it's a little bit of a, you know, a big deal too. And the other, the other thing too was when I was down in Kyoto and I was searching for restaurants, looking on an app, man, I saw so many halal restaurants that I was shocked. I was like, wow, how many? It's like every. It was like it was almost Like a two to one comparison, like of halal restaurants in Kyoto, which is where all the, the Shintu shrines and the, you know, the, the temples are, the Buddhist temples are, you know, they're everywhere, they're all over the place. And I was just like. Well, I've been told that it's a lot of, it's for tourism. And I did see quite a few, you know, Muslims there. It makes a lot of sense. But there were a lot of, But I also saw a lot of, I did see some, you know, a lot of Asian, you know, type Muslims too, you know, so I don't, I don't know, man, I'm, I'm not, I'm out. But I was just like shocked. I was expecting it. Now it expects to see something more like that in a Tokyo where I didn't see, I didn't run across any one halal restaurant. But I mean, Tokyo is huge. Seven times the size of New York City. It's massive. I mean, what would you know? Well, I mean, of course, would you. It might be prevalent there because of tourism, but I certainly didn't see it. But the catchy here, she's taking a big bold move, but man, she's moving quick. So she has a snap election and can transform the government overnight. She can start enacting a lot of her policies. She's been very bold and talking about, you know, the kind of people. And again, when I, if, if I think about Japan and the reason I love Japan is because of the culture, the culture there, the food, everything about the Japanese culture is next level. And I, I would certainly hate to see. Why would Japanese want to erode their culture by bringing in people that are not willing to assimilate and not willing to, you know, toe the line. And you think about from education all the way up, you know, the, it's one of the few cultures where elders are very respected. And what I was amazed by just being, you know, coming from the US and being able to look at it from an outside lens. I was impressed that even young kids, how well behaved they were. You know, you jump on a subway and it's quiet, except when you get these loudmouse, you know, foreigners coming in screaming, laughing at the top of their lungs, not respecting Japanese culture. Even as a tourist, you should read up on what the Japanese culture looks like. And we were quiet. We never talked on subways only because it was the culture, you know, we, we knew about it. And who did I always see talking and make it a scene? English, of course. They're Loud at time, drunk half the time, midday, hammered out of their mind, talking loud. A lot of foreigners coming on there. It's like, if you need to have respect for the culture and the underlying thing, it's why my wife and I went to. We. When we asked for places to eat, we said, where are the places that the Japanese eat? We don't want to go to tourist places. We want to go to traditional stuff. That's why we had a traditional breakfast. We were only. The foreigners in there. We're very respectful. Wanna. Want to respect the culture, you know, speak as much Japanese we can and. And try to communicate, you know, with our phones and their language because, you know, you want to. You want to make the best effort you can. And unfortunately, I was embarrassed by a lot of Americans that just walked around speaking English, making a scene, being loud and boisterous. And there's no. There's no wonder why Americans are hated, because most. I always. I've always had this assertion of, like, is every American that travels an. I've been. I was in France. I was trying to speak my best friends. I was looking at that, and they met me in English, right? But they understand that I was trying to communicate in French. I was making the attempt. Meanwhile, people complaining about their food, and I'm like, great, loud Americans given, you know, complete. To every American that travels. And anybody just quiet and respectful of a culture and trying to understand what the culture is like. It was just. It was embarrassing on so many levels just to see how people act. And you're like, you want to just go over and smack them. But if I was 4, I was far away from those foreigners on the. On the. My wife's like, don't get involved. I'm like, I'm gonna go tell those guys to shut the up. And she goes, don't do it. And I said, I don't care if there's six of them. I'll take all six of them on. I go, I am not gonna put up with this. I was gonna go up there and say, respect Japanese culture. Please keep your mouths. You know, please keep your tone down. But it was over the top, Jeff laughing like that, just being complete idiots. She's like, don't do it. I'm like, because I'm with you. I'm whispering because I won't do it. But, you know, if Jeff and I were there, I'd go cut right through that crowd. Go tell them to shut the hell up.
- [66:34]
A
Yeah, it's too much, you know, but it's. It's interesting too to see how Japan has shifted in terms of perspective, you know, because a lot of the, you know, commentary previously over the years is that Japan was very kind of xenophobic against other cultures living there, meaning it was extremely difficult for someone to come and even get some sort of residency in Japan. I don't know, I don't even know if you can get, I mean, it's probably change and we could talk to some, some of our, our viewers here that are in Japan can tell us a little bit about the citizenship path, if it's even possible. But what's interesting is that Japan is bringing in people that come in without education, you know, so what is the purpose of importing these quote unquote migrants from third world countries to bolster your bottom economy? Is that, you know, like what we're just reading, to have them come in and work in the, in the fast food restaurants or do some of that work? Do you really need them there? Because if you didn't have them, someone's going to have to do the jobs, someone's going to have to do the work, you know, and, and so let's, and you really, you know, see where is it needed. And then if you're going to change the fabric of the country and this is what they're fighting for, be very cognizant. You know, Japan is really the last country that I would anticipate would get caught up in this, you know, only because of, of their history and to see where, where they, they come from and where they're going to as a, as a smaller kind of island nation, you know, they have to learn from, from, from the, the current affairs of what's going on throughout the EU, what's happening in the U.S. but again, like Japan, the last South Korea is the same thing, you know. Remember years ago when we were there 15 years ago, there was one Middle Eastern restaurant. There was one, it was, it was a kebab place, was shawarma owned by a Turkish guy. We went there and I kept going back. The food was so amazing. Talking to the guy and kind of befriended the guy and would go back almost every day for lunch. And then this last trip when we're there, Chip, it was, I was amazed because in, in Itaewon, along that street, there must have been, you know, 10 different restaurants.
- [69:06]
B
Wow.
- [69:06]
A
And halal was everywhere, you know, and I was crazy. I was a little surprised to see that too, to see those types of changes because here's a country just like Japan, you know, they're they're, you know, not as necessarily open to this foreign influence. And then South Korea has had heavy American influence. But why make a shift to bringing in? And, and we didn't see a lot of it, but why bring that in? Why are you going to bring that element in? And much of it like in Japan and in South Korea could be. Is tourism related? Much of it is because of automotive and electronics industries as they expand into the Middle East. So naturally you're bringing people into the country, but be very cognizant, you know, just like we have to worry about here, you know, we have to protect our borders. You know, don't just bring in uneducated migrants to do the low level work because that's, that's not what you need. You know, it's 100, Jeff. Yeah.
- [70:04]
B
So Jeff, you want to see. So somebody posted this. This is what the Japanese Congress is going to look like six months from now. I was like, this looks pretty awesome. Pretty, pretty, pretty awesome. There you go. Warriors, man. They check it out. So it's like, there you go. You can always, you know, I always love going into comments and sometimes the comments are better than the post itself and you gotta just love, you know, what we're seeing. That was put out by Jason Prompt up there. He's like 6 months later and thank God for AI. If the one application for AI isn't like advancement of tech and agentic agents, it certainly has to be the level of memes that have been updated and gone to a whole new freaking level, which I have to say that I absolutely love 100%. One of the things that I've said about the Trump administration, Jeff, we've commented on pretty often is how amazing Scott Besant has been. This guy's a warrior, this guy. And also Lutnick. So Lutnick and Bessent were over there and they were, they kind of were like the pre party. So they went over there two days before and they started already, you know, doing interviews and stuff. But I gotta say, you know, pulled a lot of clips from Besant because he's such, I've just been so impressed with how just amazing this guy is. And also here's Bessentra right here on Alberta. Here he is talking about Alberta, you know, because Carney went up there and got a speech and he, he was the guy chosen to make the elites, the globalist elite speech. So he was going to get up there and he was going to talk about how amazing it was that he was going to go and start talking about the United States is this and that and they're not doing. It was just a really over the top speech that everybody, you know, basically ingested and loved it. Every, you know, leftist talk show had, you know, the speech and the Canadians just filled up my, my feet. I couldn't get away from talking about. This was the right man we chose. I'm like, you guys, this is the right man you chose. Leading you off a cliff is that it's so amazing to live in Canada is why Alberta is going to secede. Did you see the amount of people that are lined up daily to sign the petition they want out, you know, in Saskatchewan. I'll be right behind it. You know, it's funny because a few years back it was Quebec that wanted to secede and they were like, well, they're going to end up seceding because the rest of the country is going to leave. And so he's the guy that was tasked with delivering the speech. Right. And he's hailed as the genius. And unfortunately, here's what it looked, here's what he said about Alberta seceding. All the oil and the natural resources.
- [72:42]
F
Coming out of Canada.
- [72:43]
B
Texas, still larger.
- [72:45]
G
Look, Alberta is a wealth of natural resources, but they, they won't let them build a pipeline to the Pacific. I think we should let them come down into the U.S. and Alberta is a natural partner for the U.S. they have great resources. The Albertans are very independent people. Rumors that they may have a referendum.
- [73:10]
B
Them on whether they want to stay.
- [73:11]
G
In Canada or not.
- [73:12]
B
Sounds like you may know something up there.
- [73:15]
G
Look, people are saying, people, people, people are talking. People are talking. People want a sovereignty. They, they want what the US has got.
- [73:27]
B
Jeff, what do you think about that? I mean, is he wrong here? They won't let him build the pipeline, which is dollars into Canada for the Canadians. Like they keep trying to cut their nose despite their face. This is insane. Foreign.
- [73:41]
A
It's crazy. It's crazy to see the punitive measures that Canada is taking to really create an environment of suffrage. Right? So you can't build, can't develop, can't tap resources. Can't do this. You can't talk. You're going to be tracked. You can't, you can't protest. You know, they're going to shut you down. They're going to take away, they're going to shut off your bank accounts. Canada has turned into a dangerous totalitarian state. You know, they're on our northern border. I don't, I don't know how with this existing government. It keeps getting worse. In Canada. Plus they've mass migrated for years. People that want to flip the country in Canada, 30 million people in Canada, very, very easy to flip that population. They are on the brink of extinction as a, as a Canadian people. And, and it's dangerous. So Alberta recognizes the danger that, that the Canadian government has put them in. They want to be able to live and develop and expand their gdp. We looked and saw where the Canadian GDP was. They should be in the top five. And, and they're suffering. Their people are suffering. They have, they don't even have to spend much money on military for protection. Just like Trump said. Canada is the direct benefactor of the beneficiary of our, our, our military might, that's protecting uh, the Canadian uh, borders all around on every side almost. What do they have to worry about? And yet they take this approach that's bad for their people, it's bad for our country, it's bad across the board. It used to be an amazing, you know, fun place to go visit I'm sure. You know, just from a geographical perspective, it's amazing. Windsor switched, Toronto is switched. Montreal has, is going down. They've brought people into their country, they, that don't represent the interests of the west or the free world. And again, Canada with 30 million people, they don't even know the damage that they've caused themselves. And we need to see a direct change. And change is going to come when you have a, a territory like Alberta that is going to secede. If they can become a protectorate of the US Kind of like a Puerto Rico, that could be interesting. I don't know how they survive on their own, but it's possible, you know, but they're going to need military support, they're going to need protection against the rest of Canada. And, and so they're in a very interesting position right now because if Alberta secedes, then we'll see potentially others succeeding as well, you know, and so I, I like the beginning of it because it puts the rest of Canada on notice that hey government, we're not putting up with your nonsense. They're going to vote for secession and then as soon as they do secede, they're going to align themselves with the US we'll become the direct benefactors then or beneficiaries of, of of the resources in Alberta. Why? Because Alberta is going to need a major trade partner. They're going to then do what they have to do to tap their resources. We'll buy those resources, they'll have lots of money, we'll help them with security on their borders, they're going to have to put up borders against the rest of Canada. It can't be open borders. So they're going to have to protect themselves against the fascist state of Canada because that's the direction that they're going in. But what it will do is put the rest of Canada on notice to say, hey, guess what? You're losing a major resource. That's it. You're going to move from number 10 on the list. You're going to keep dropping for GDP. It's going to become a very bad air, you know, and it's, it's hard to say, you know, but it's going to switch. It's inevitable that Canada is going to switch. And, and we're going to have to be very cognizant of who crosses that northern border. It's going to become more difficult to cross the northern border over the years. We're talking about, like the next decade, not tomorrow, but it's already transitioned over the last decade, plus another 10 years. So let's say the last two decades, the last 25 years, Canada has shifted dramatically. And now let's see what happens over the next decade. It's got to shift. We've got to see a switch in reverse. Once we start exporting all of the illegals, we crush the fraud here, there won't be as much money flowing up into Canada either. Canada is going to have to take direct notice. If we can take Alberta. Yeah, that's it. You know, we've already put our, our got Greenland moving in the right direction and, you know, and so there'll be a lot of good things happening. There you go. Yeah. Charles said Trump just threatened Canada with 100 tariffs. That's what they need. They think they can go without us. Hey, good riddance. Good luck. Because we're going to pull our manufacturing back. We don't need, we don't need GM manufacturing in Canada. We don't need Ford manufacturing in Canada. Bring it all back home. Let's see how you do. Without us, they're not going to exist. Canada does not exist without the U.S. they think they want to rely on the, on the British crown. You know, they want to, they, they want to bow down to the monarchy of, of, of England. Good luck with that. Let's see how far that goes.
- [79:14]
B
Well, Jeff, that's interesting you say that because I just pulled too close. But I want to talk a little bit. Here's Howard Lutnick a little bit about Carney and his speech. So here we Go, we'll take this and we're going to talk. Then we're going to transition to the Canadian finance minister. Talking about the sense comments and supporting that. One of the things that Alberta did which was really intelligent was they went to the US Government, they said, hey, for some reason, if we leave, what would happen? The US Said, we'll recognize you as a sovereign country, we'll immediately help you with the pipeline, we'll help you with whatever you need. So that's all that they needed. Alberta is aligning with the US and they're going to blast off in the stratosphere. And the problem is, the problem they're going to have is everyone's want to want to move to Alberta. Now the other free thinking people that live in Ontario and Quebec are all Saskatchewan are all going to want to like flow into Alberta. So they'll, they might have a border thing going on, but it's not, not necessarily a bad thing because I think other provinces, once you show the way, the other provinces will follow because they want to attach yourself to greatness. And what do we all want as human beings? I don't care what country you live in. You want to be able to do the best for your family, you want to be able to provide, you know, you want to be able to work, you want to earn a good living. You want the government not involved in your life. You want them, you want them debanking you because you disagreed with the vaccination, Right? Like the truckers got debanked. So let's listen to Howard Lutnick and then we're going to go into what are they saying internally in Canada with regard to what Carney's speech was? Let's listen to Lutnick first here.
- [80:40]
H
Canada is just thinking in this arrogant kind of thought.
- [80:44]
I
Well, but just to build on what John is talking about, it's a style question.
- [80:48]
B
Now you gotta look, you gotta look at this woman here, okay? Classic leftist. And this is the way, this is the way when you're Lutnik or you're besent, you don't take any of this. Listen, the way she frames stuff, listen, you can sniff it a mile away, right? Lutnik's having none of it.
- [81:05]
I
Can you get the same results without using words like calling leaders weak or their economies decaying?
- [81:11]
H
Right.
- [81:12]
I
Is it necessary to provoke the visceral feeling that we feel?
- [81:15]
B
Jeez, are you a classic leftist or no?
- [81:17]
I
Among a lot of leaders here and in conversations with international. Is there any other way? Is that style more harmful than it is helpful.
- [81:27]
H
Well, I think it creates listening. Like people. People pay attention to it and listen to it. If you just sort of blend in, no one hears anything in Davos. Right? Everybody says the same, blah, blah, blah, blah, blah. And if you need to break out and you need to say it. So my view is right, that Canada has never expressed to the world that they have the best deal, the second best deal in the world. The best deal in the world is Mexico, because remember, they have USMCA, which means 85% of the. The Canadian economy comes into the United States for zero. And there he is complaining that he's going to go to China and improve it. What's he going to do? China's delighted to sell to him, but do you think China's going to open their economy to accept exports from Canada? This is the silliest thing I've ever seen. They have the second best deal because Mexico's got a little better deal. They have 25% on the extra 15%, whereas Canada's got 35% and the extra 15%. But give me a break. They have the second best deal in the world and all I got to do is listen to this guy whine and complain.
- [82:29]
I
Mr. Secretary, in fairness, you've listened to her.
- [82:32]
B
She doesn't hear a word he says. She's just dumber than a box of rocks.
- [82:35]
A
Okay?
- [82:36]
B
No, he just told her, look, you got to create the listening. Basically what you said, Jeff, tell the truth. Right? And then he brings the receipts because of the USMCA deal, because this whole north, this trade agreement that Trump renegotiated in the last term, they've got the second best deal to Mexico, 85 of their economy. And this guy's out there bitching because he was the one chosen on Mark Carney. I already destroyed the bank of, you know, of England. And I'm gonna go now. Destroy. He's gonna preside over the demise of Canada. That's what he's going to go down to history for. Yeah. So let's play the rest of this.
- [83:09]
I
Scene from the airplanes. You've seen about a 30 decline in Canadian visitors to the United States, if not significantly more.
- [83:15]
B
Listen, they visitors don't come Canada and go to the US anymore. Give 0f's about this as well.
- [83:21]
I
You've seen a similar type of decline. China, European travelers inbound have come down.
- [83:26]
B
You know what I've noticed, Jeff? Less traffic in Hollywood. Do you notice there's. During the winter, there's less traffic in Hollywood. You can get places faster because there's no more Canadians coming down. Oh, boohoo.
- [83:35]
I
Is a sense that people do not want to come to the culture of the US and there is this anger about it. I just wonder if you think that's just temporary or you just sort of dismiss that or you think it's irrelevant to the actual issue.
- [83:46]
C
People are coming.
- [83:47]
H
That's I think what that is.
- [83:49]
A
People are coming.
- [83:49]
H
Political marketing.
- [83:51]
D
Yeah.
- [83:51]
H
The Canadians have the second best deal in the whole wide world. If they continue this path, right? Which is a political path of a certain thing, I'm going to go fly to China. I'm going to open up my markets to China. I'm going to take Chinese electric cars and do all sorts of this stuff. Then when USMCA gets right, that's what.
- [84:12]
A
They'Re bringing in this year.
- [84:14]
H
This year, sort of like towards the end of the summer, in the middle of the summer, do you think the President, United States is going to say, you should keep having the second best deal in the world? I mean, you guys are such great friends. I mean, they are playing with a set of rules that they haven't really thought.
- [84:31]
B
I can hear it in your voice. You're excited about. About negotiating this, aren't you? Later this year, well, let's bring in the lefty Brit guy whose country has been destroyed from within by Islamic invaders who are raping the women, but we are not prosecuting them because racism, Right? So this is insane. Like these. You sound excited, mate. My God, these people are insane. This is what happened. And Lutnick doesn't give us look Latin. This is the old Republicans would cower and like. Well, I mean, it's like punching him in the face.
- [85:02]
H
This is given a sort of a roadmap of saying, so I guess we should change the whole deal. Right? You want to be like the rest of the world. You don't want to be this favored neighbor because you've taken it so for granted that you're willing to come to Davos and say there's two hegemic powers in the world and we're going to decide which one we're going to work with. Really? You're going to either work with the United States of America, where 75% of your economy, me, is. Is totally tied to it, or China. Why would you say that? It just. I think it's political, you know, I think if we take it correctly, we should look at it as just political noise coming out of a prime minister and maybe this is working for his election.
- [85:42]
B
Right?
- [85:43]
H
Because I don't think it can be real. Because if you took out the math of Canada's economy and it's doing business with the United States of America, America's 30 trillion dollar economy, there's no such thing as changing what they have today. No one would vote for changing what they had today. Now, marketing it well, but they're just for their politics, but they're surely not marketing it well for their fundamental economics for long term, the United States.
- [86:10]
B
Okay, as this goes on, we don't have the time to replay it, but the whole interview is fantastic. You guys should check it out on and on. Now here's the Canadian finance minister talking about the scent and the comments that he made about Alberta. Shouldn't you be a little stronger?
- [86:26]
C
Like Scott Bessant is talking about Alberta.
- [86:29]
A
Joining the U.S. shouldn't you be telling.
- [86:31]
B
Him to lay off here?
- [86:32]
J
Listen, one thing I've learned over time is that you don't need to comment on every single comment that, that that are being made. One thing I would say is that we have signed an MOU with Alberta. Canadians are proud people. Canadians know how to build resources. Canadians know how to grow our economy. And I would say they will see that Canada is taking steps with Alberta to do things differently, to grow our resources, to create growth in the country. And Canadians are very proud. We're a proud nation with proud values and a very strong economy. So I would say no, you know, thanks, but no thanks. We will do our own things and we will be able to develop our resources with Albertans, with Canadians. And that's something that will remind him next time I see him.
- [87:28]
B
Well, good, you go ahead and remind him next time you see him. It was kind of a dodge in a sense. He was kind of like, we're proud, we're this and that. You're so proud. And Carney gets out there and makes a speech where one of the major provinces, because the way their constitution is written, formulated, allows a, a province to secede. And it's going to happen. The people want it. It's been shown that they are stand up and he kind of handles it diplomatically. But here's what's being said. Now. One of the things that you heard Lutnick talk about in that last clip was Carney went out there and somebody put the clip side by side. Back in April, Carney said the biggest threat is China. And then he just went to China and now he's going to flood the market with cheap Chinese EVMs. Right. Which basically don't work that well in the wintertime with the battery. But anyway, he's going to flood the market. Well, here's the counter argument to that internally in Canada.
- [88:19]
C
My name is Brian Kingston. I'm the President and CEO of the Canadian Vehicle Manufacturers Association. Canada's auto industry is under enormous pressure. With over 90% of Canadian production destined for the United States, there is no industry without US Access and North American integration. Diversification is not an option for automotive as markets in Europe and Asia are better served by assembly plants in those regions. Canada's market alone is too small to justify large scale manufacturing. The future of Canada's auto industry and the hundreds of thousands of jobs that it supports depends on securing our trade relationship with the United States. The federal government's decision to open the Canadian market to Chinese EVs is deeply concerning. The Canada China Strategic Partnership has the potential to undermine Canada's auto sector and presents risk to the future of our integrated North American automotive supply chain. As the Premier has outlined. It is critical that the federal government rectifies this situation by taking immediate action to bolster the competitiveness of the very companies that have been building cars and employing Canadians for over 100 years. Step one is repealing the costly and redundant EV sales mandate. Under the new Canada China Strategic Partnership, Chinese manufacturers that do not build cars in Canada or employ Canadians will receive up to $980 million per year in compliance credits. These compliance credits will be paid for by the very companies that operate here, taking money that could be reinvested in Canada in Ontario and sending it to China. Step two is taking action to make Canada more competitive for auto. We must urgently lower the cost of investing in plants, machinery and R and D to give Canada an edge over other jurisdictions. The future of Canada's auto industry hangs in the balance. The actions that we take now will determine whether or not we have an industry for 100 more years. Thank you.
- [90:37]
B
Okay, so 100% spot on. And thanks for this guy for speaking up because he's representing 100,000 plus Canadian workers. He's talking about just how detrimental this is. Especially calls out the fact that 90 of the production is headed for America. Why would you cut, why would you Destroy Canadian lies 100,000 plus lives? Because you want to go over to China and you want to dump cheap evs. This is what Chinese does have. Battle ass electric cars. Oh yeah, and all the videos, they look fantastic. Do you actually get them and they stop working six months? Look at the people that import these things. They're garbage. It's garbage tech. It's cheap manufactured tech and it doesn't work. People that get these so called badass things that have so many features, well they don't. They stop working three to six months later they have all kinds of failures. Look up, look at the history on these things.
- [91:24]
A
So chip it's appearance over substance. China has been known for that across the board. There's a handful of manufacturers in China that make really good stuff and then the rest of the are all reverse engineered 0r and D. They make them to look fancy. They make you, they want to, they pack them with every possible feature. But like you said for the most part those, those same machinery and that's across industries, not just, not just in automotive. They break down, they'll fall apart and, and you can go country by country by country and you'll see where Chinese industry was dumped in those countries and then those very countries the companies there have and the consumers have now turned to US made or they want better product. Whether you're medical industry, whether you're automotive industry or you know just across the board even you know, home practical goods. If you get the China made good you can, you can tell for the most part this would be the bulk majority of whatever is being manufactured is super lowquality. Then if you go to, you know, if you there again there's a handful, you can probably count them on one hand within each industry with good quality product with their manufacturing is stellar, top notch. And those are the. But it's hard to find them automotive. There's a lot of problems within the automotive. Go around the world and you'll see where they are. They come in, they invade with their product, their lower price. But there it's not exclusive just to the China made. That's where we're at right now. If you go back in time think about some of the original Korean made vehicles. If you look at the Hyundai when Hyundai first hit the US market and they had the roll down windows, you would roll down the window and the handle would fall. I remember a friend of mine had a Hyundai and it was a really badly made vehicle, low price, had a lot of features, looked nice and impressive. It would fall apart. But now look at where Hyundai is today. Hyundai is probably one of the best vehicles made similar to like Kia also Kia's up there. But with the China you have to be very cautious because across the board right now and today people are being sold a bill of goods with, with the product, you know, just very low quality product.
- [93:46]
B
I don't know screen cars still aren't there. Jeff Japanese are the best in my.
- [93:51]
A
Opinion, oh, Japanese is solid state. But if you get, look at the Genesis, they still pack it. There's still always something missing. Like it could be the, the functional, the buttons, the buttons just don't live up to it. Maybe the quality of the leather, the quality of the plastics, a switch. You'll always feel it in something. It has it, but it doesn't have it. There's always 100 being a little bit missing.
- [94:17]
B
I want to get to these other clips on percent because he's just here's percent ripping into the Carney here. Listen to this. Just can't get enough percent. Lutnick, Trump. It's just the greatest thing ever. Punching these elites right in the face.
- [94:29]
A
Yeah.
- [94:30]
G
Prime Minister Carney should say thank you rather than giving, you know, the, this value signaling speech. I don't know. It strikes me that Mark Carney has gone back to his, his old days. He was the UN Climate czar. He's tried to morph his position. He's saying, oh, Canada's going to become an energy powerhouse. Which of those does not make sense?
- [94:54]
I
He also said that, quote, the middle powers must act together because if we're not at the table, we're on the menu. I think some people are a bit surprised at the relationship between the US And Canada. And some of the Carney's remarks is, this is coming from someone who has been historically one of our closest allies. Do you worry at all about the consequences of that relationship deteriorating? Like, for example, pushing Canada to develop a closer relationship with China?
- [95:24]
G
Well, again, his trip to China was scheduled long, long before any of this. And Canada should trade with China. Canada should trade with China. President President Trump said that. So Prime Minister Carney should do what's best for Canada. In the context of the United States, I'll point out the Canadian economy is smaller than the economy of Texas.
- [95:48]
B
Here he is. Here's, here's Besant again.
- [95:51]
G
We've seen the lack of energy security from this manufacturing push for net zero, which I think we've seen in some recent scientific journals have been pushed back. Even Bill Gates is saying the 1 degree, 2 degrees, 3 degrees. I'm not sure it matters. If you look at what he's doing with his own money, it looks like he believes we're going to innovate our way out of the, any perceived climate problems. So I think that's on one side. And then again, I think this, I think we almost reached a Saturday Night Live moment a few years ago when it was, you're not going to own Anything you're going to eat insects. I mean, it was just the inmates were running the asylum at that point.
- [96:45]
I
You're not into the bugs.
- [96:46]
G
Well, I can tell you the. After a few days of Swiss, German food, I may switch to bugs.
- [96:54]
B
I'm bringing brutal, brutal rock star. He may switch the draw. And then I had to pull this clip. Jeff. This is him talking about Gavin Newsom, but we probably should play the Newsom clip because Gavin News went off. Jeff. He. He had a little bit of a. For some reason, he went over there going crazy on the. On the whole.
- [97:12]
A
Let's see.
- [97:12]
B
Where is the Newsom clip? Here, let me pull it here. I thought I just had it. My goodness. What the heck? Here, I just had this clip up. Is that the Newsom? Here it is. Newsom. Look at this meltdown he had in Davos. Here. The message for Europeans who are concerned.
- [97:29]
A
About the messages from the White House around Greenland this week.
- [97:33]
B
Yeah. It's time to buck up. It's time to get serious and stop being complicit. It's time to stand tall and firm, have a backbone. You know, it's. I've seen this in the United States, the supine Congress playing both sides. You know, say one thing on a text or tweet another publicly, should you. It's time to stand tall. Tall, strong. Does that mean stand united? You make that determination. I don't make that determination.
- [98:04]
H
When you say standing collectively, just.
- [98:06]
B
I can't take this complicity, people rolling over. I should have brought a bunch of knee pads for all the world leaders. I mean, handing out crowns and handing. I mean, this is pathetic. Nobel prizes that are being given away. I mean, it's just pathetic. And I hope people understand how pathetic they look. And the world. Anyway, it goes on and on about him. Blah, blah, blah. Pathetic. Ooh. You know, I mean, stupid. Yeah, of course. Yeah. And this.
- [98:37]
A
This is.
- [98:37]
B
So here's Stephen A. Who's not. He's not really a right guy. He's a left guy. But here's what Stephen A. Had to say about it.
- [98:42]
E
The newome. Respectfully.
- [98:46]
B
Here he goes.
- [98:47]
E
What are you doing? You're the governor of the state of California in the United States of America. Why are you over in Davos, Switzerland, talking to folks and speaking negatively about the President of the United States? I have no problem with Gavin Newsom being candid and open about his feelings about our president on United States soil. To go over to another country, Switzerland, to go over there and to be in the presence of other European leaders speaking against the President of the United States. I'm not down with that. Y' all might be. I'm not down with that at all. Say whatever you want here. As a governor from the opposite side of the aisle of a state in the United States, on American soil, fine. But I'm one of those people, when we go somewhere else, it's America first. You know, our problems. Yeah, our problems. But we ain't taking dirty laundry outside. You don't go on a world stage to disrespect your own house, which is the United States of America. I don't like that at all. Not even a little bit.
- [100:28]
B
Spot on, Jeff. Yep. I mean, spot on.
- [100:32]
A
I mean, it's, it's really amazing, you know, to see what, what the, what, what was Newsom even doing over in, in Davos? That doesn't, doesn't even make sense. He's obviously trying to prepare himself as though he could be a global leader, and he could, but he also got kicked out. You know, they didn't, they said, no, you don't, you don't belong here. Time.
- [100:52]
B
Well, they. Well, I think he said he blamed the Trump White House for canceling, for calling and canceling his speech. But you know how they, you know that baby, they always pull the baby version. This is really be. Since talking about it, but they pulled the baby version of it. The baby version is way funnier. So I'm going to play that version of it, even though I like this version too. Where they put a maga hat on him and sunglasses. Look at this one.
- [101:11]
G
Evan Newsom may be cracking up with some of these things.
- [101:14]
B
So, so that's, that's the one. They put a maga hat on them. And here's the baby version of Descent.
- [101:19]
G
Nome, who strikes me as Patrick Bateman meets Sparkle. Beach Ken, maybe?
- [101:24]
B
No, no. Patrick B. Was the character from American Psycho and Sparkle Be. This is just, I don't know where. I mean, Bessen is just really bringing it hardcore. Look at this.
- [101:35]
G
Governor Newsome, who strikes me as Patrick Bateman meets Sparkle BE beach kin may be the only Californian who knows less about economics than Kamala Harris. He's here this week with his billionaire sugar daddy, Alex Soros. And the Davos is a perfect place for a man who, when everyone else was on lockdown, when he was having people arrested for going to church, he was having thousand dollar a night meals at the French Laundry. And I'm sure the California people won't forget that. And I can tell my message to Governor Newsom is the Trump administration is coming to California. We are going to crack down on waste, fraud and abuse. And I was told he was asked to give a speech on his signature policies, but he's not speaking because what have his economic policies brought? Outward migration from California, a gigantic budget deficit, the largest homeless population in America, and the poor folks in the Palisades who had their homes burned down. He is here hobnobbing with the global elite while his California citizens are still homeless. Shame on him. He is too smug, too self absorbed and too economically illiterate to know anything.
- [102:59]
A
Thank you very much.
- [103:00]
G
Let me know if you need any further clarification.
- [103:04]
A
Too economically illiterate.
- [103:06]
B
I mean, he just threw off the coffee. Just like destroyed that dude, man, I love this. I love him in the hat though.
- [103:11]
G
I think he may be in over his hairdo. Being on the national stage is very different than being governor of California. You with no signature achievements, but to save strength, things like President Trump is a Tyrannosaurus rex. What the hell does that mean? You know, I could say Gavin Newsom is a brontosaurus with a brain the size of a walnut. And, you know, if he brought the knee pads, maybe that was for his meeting with Alex Soros.
- [103:46]
B
Gotta love that.
- [103:46]
A
Look at that. Oh, my God.
- [103:48]
B
You gotta love it. He's got the FA f around. Find out hat on.
- [103:53]
A
Oh, it's great. It's great.
- [103:54]
B
It's just great on so many levels, Jeff. There's so much.
- [103:58]
A
It's beautiful.
- [104:00]
B
It's time for the giveaway.
- [104:02]
A
It is time for the giveaway. Let's roll this song one more time. This is nine people. Nine. That's it. Well, by the way, today's show is brought to you by Badassery Coffee. Badasserycoffee.com Here we go.
- [104:16]
F
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 co coffee fresh, fierce, great roasted fresh, ship free. Chaos pending order now@badassery coffee.com. badassery coffee.com.
- [104:58]
B
There you go. There you have it.
- [104:59]
A
One ting cup to roast your coffee in.
- [105:03]
B
That's it, baby. You know what? So much more advanced here. We got Yeti. So we got 10 of them. In here, Jeff. So one of 10.
- [105:09]
A
Yeah, 10. All right, here. We're gonna roll the song. Now, by time the song's done, there should be at least 15.
- [105:14]
B
We gotta get people.
- [105:17]
A
We've got. There's 11 right there on YouTube. We've got like 175 people between X and YouTube. So let's get some more Yetis. So here we go. This is the Tempest Clang Stomp. That's the name of this song.
- [105:35]
B
Do it.
- [105:38]
D
What's that noise? That's Clan Tempest. Dum dum dum da Coming for your hide Fur all white, smile real cute Bash heads to the very last Tempest Roll and the ground goes crass, cuddly yeah, friendly man cross that line, we.
- [105:59]
B
Crush your spine.
- [106:03]
D
Stand your ground not so smart.
- [106:13]
J
Now.
- [106:13]
D
Find your summon, summon that, get your spear. We don't fold, we don't fade Fight the last breath Tempest made Tempest laugh. Drums hit loud, you get stomped. That's the plan. What we do, we back down. On the chain. This is badassery.
- [107:13]
B
I like that, Jeff. That is awesome. That's so badass. Yeti born for battle, made for legend.
- [107:26]
A
We're gonna go with it.
- [107:28]
B
Crypto wealth's laying claim already. Look at this. Damn.
- [107:32]
D
Here we go.
- [107:33]
B
Who's gonna win? There we go. Who's gonna win?
- [107:48]
A
Haven't seen a win from Charles in a long time.
- [107:51]
B
Two times.
- [107:52]
G
I know.
- [107:53]
B
Two nights ago. Charles is back in 2026. You know, not messing with the man. He's back. He's back with a vengeance. He took a little bit of time off. He has, like, been win for like four months, man. Bam. He's back.
- [108:11]
A
He's a winner of your wallet.
- [108:12]
B
We just want to make sure you're present to win.
- [108:16]
A
Carl, even here.
- [108:19]
B
I think he should be here. He was here earlier. How to be present to win, though. That's the thing. You can win multiple times. Times you got to be present. So we need to hear from.
- [108:28]
A
It's definitely rigged. Rigged from the start.
- [108:30]
B
Well, if you don't hear from Charles, I mean, we gotta. You gotta be present.
- [108:34]
A
Okay, now I gotta go to the YouTube. Let's see if Charles is logging in. Charles is here. He just won last week. Yeah, we know.
- [108:42]
B
We know. He's here from him, though.
- [108:44]
A
He want a badass yetis of the blue tribe. Last week.
- [108:46]
B
I just won last week. Are you saying you want to give it up or you were saying you want to accept.
- [108:49]
A
You can claim it. You can claim it, or you can forward it if you want to pay it forward. Either Roll. Say pay it forward. Roll. Pay it forward. Choose someone or claim it.
- [109:01]
B
Yeah, man. It's your choice. You.
- [109:03]
A
You got.
- [109:04]
B
This is not. This is a third party.
- [109:07]
A
It's pay it forward. Okay. Pay it forward. To whom is it a roll, Pay it forward, or should we just roll it?
- [109:14]
B
We'll go ahead and pay it forward. Nice, Charles. Appreciate that. We'll go ahead and we'll pay it forward. Go ahead and roll it.
- [109:21]
A
Hang on, wait.
- [109:24]
B
Let's get the. Get it ready, Jeff.
- [109:26]
A
I was. I was in the YouTube already.
- [109:28]
B
It was a little bit long. There we go.
- [109:31]
A
Ready? Yeah.
- [109:32]
B
Here we go, guys. Gonna draw again, see if you're in. Let's go and say rigged if we're drawn again. Charles is a good dude. He's gonna like it.
- [109:39]
A
Forward.
- [109:41]
B
There it goes. There it goes. There it goes. Where it lands? Nobody. What do you know? There it goes. There it goes. Crypto.
- [109:50]
A
Look at that.
- [109:51]
B
What did I tell you? He was put. He was telegraphing it with his wallet there. He already had his wallet up there.
- [109:58]
A
Oh, is crypto wealth still here?
- [110:00]
B
Somebody is. Yeah, he's here. It was crypto up right there. Ray Ron was trying to do it as well.
- [110:07]
A
Oh, look at that. Ray run.
- [110:09]
B
The wealth needs to be here. Send it, Jeff.
- [110:13]
A
All right, we're gonna send it to you.
- [110:15]
B
Congratulations. Thank you, Charles, for being a good dude and paying it forward. He's awesome. Winning is Belgian ever. Oh, yeah, You're a Belgian correspondent on the ground. You're one responsible for on the chain over there giving us all the. The infos, as they say. Winning is Belgian ever, baby. Coolest Belgian ever as well. So we want to make sure. You know what's crazy?
- [110:41]
A
I can't find him in the chat. Hang on. I'm sure I already have it.
- [110:47]
B
By the way, while you're looking at that, Jeff, you want to see what happens when you come by and you try to flip your neighbor off for having a trump flag? Check this out. This is what happens when you drive by somebody flipping them off, giving them a bird because they have a trump flag. There's the bird, and.
- [111:08]
D
Oh, jeez.
- [111:12]
B
The guy's not paying attention as he's flipping off the neighbor about the thing, and he hits the parked car. This is the greatest. There he is. See him with the bird? Screw you and watch him hit the park car. That's what happens when he gets out of the car. Oh, no.
- [111:30]
A
Address for crypto up. And I can't copy the one that's there. It's not.
- [111:34]
B
You got the one Right here.
- [111:36]
A
He just posted it again. I got it now.
- [111:38]
B
It's been in here. You posted it.
- [111:40]
A
Oh, I know, but it wasn't coming up, unfortunately. All right. In the YouTube.
- [111:44]
B
While you're doing that, Jeff, I'm gonna go ahead and play a little meme on what happens when Trump takes Greenland. Here we. Pulling up with the money. Gotta love that crypto.
- [112:41]
A
Well, you are now the proud owner of Badass Yeti 216 of the Tempest from the White Tribe. That's it. You are the winner.
- [112:51]
B
You are winner, winner, chicken dinner. You gotta love that. That's a fantastic. And you want to see, Jeff? What? This clip. Where the heck's the clip?
- [113:06]
A
And right off that, I gotta leave. I've got an appointment at the gun range. Gotta get out of here.
- [113:17]
B
All right, sue, two last things, Jeff. This week, the new symbol, the mark for the Democrat Party was rolled out. And here's what it looks like. The official seal of the United States Democrat Party is a whiny little baby. Right? Appropriate, as you can see there. My God, that's so perfect. I don't know who does these memes, but they're fantastic. They really are. Two wins for 2026. I'm back. The G. My typing today sucks. There you go. Thanks, guys. All right, listen, one last thing, guys, before we go. This woman posted this up on X. Listen to this video. No, it's bananas. The picture I'm about to show you is pretty controversial. Wait for it.
- [114:20]
A
They finally surfaced.
- [114:21]
B
Photographs of Donald Trump grabbing up. Here it comes.
- [114:26]
A
And I'm disgusted.
- [114:28]
I
He is supposed to be the President of the United States, and yet this is what. This is what we have.
- [114:33]
A
We have a guy that goes around grabbing.
- [114:39]
B
Of course, it's shaking hands with Macron, with Newsom, with all the.
- [114:50]
A
That's so funny.
- [114:53]
B
Gotta love you gotta love it, man. Love is right on. And unfortunately, we get really long today. Almost two hours, guys, we had so much stuff.
- [115:05]
A
I missed the discussion.
- [115:06]
B
You missed a lot of discussions. If you just popped in right now, you can always rewind. But we did talk a lot about XRP. Went through a lot of market type stuff with XRP. We. We do 20 minutes on crypto and the rest of its. Geopolitics actually did longer, about 30, 35 minutes on crypto. And then we go to geopolitics. I think it's the only crypto geopolitics show out there that's focused because they're connected. Decentralization equals freedom. And that is not a comp. That is a concept. Embraced worldwide by everybody. And now, guys, I will say this. Jeff, anything you want to say before we go? We'll be back tomorrow night.
- [115:37]
A
We're gonna be back tomorrow night, 8:00pm Eastern Standard Time, only here, only on the chain. And you want to tune in for the two guys that are right on pretty much everything, then that's it.
- [115:50]
B
Not saying any names, Jeff. But here we are. Right here we are. And if we're wrong, keep it to yourself. You know, that happens once in a while. Nobody's perfect. Okay, guys, we'll see you tomorrow. See you on the next one. Chip and Jeff.
- [116:04]
A
Oh, oh. Are you down with otc?
- [116:10]
B
Please, like, subscribe and click the bell.
- [116:14]
A
To be notified when the next video drops.