← On The Chain - Blockchain and Cryptocurrency News + Opinion
On The Chain - Blockchain and Cryptocurrency News + Opinion
XRP Futures, Blockchain Aid, & Deep State Lies – The Truth About Trump Tariffs
01:47:39
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- [00:01]
Jeff
Welcome to on the Chain. This is Jeff here with co host Chip. What is going on, everybody? What's going on, Chip? Tell you what's going on. XRP futures, that's what the talk of the town is over on Coinbase derivatives futures and all those other usual normal financial tools and products that are available over there in the regular stock markets. Now coming to crypto. So that's pretty exciting to talk about. Blockchain. A deep state lies. Getting used to those. There's probably a lot more that need to be uncovered and what you're not being told about everything, that's what we're going to talk about today. Got to dig in, got to workshop it. Got to figure out why are some people out there in the community, maybe not the XRP community, still talking about the big XRP dumps being done by Ripple that have been going on for the last decade. Well, let's talk about that too, because some people think it's brand new.
- [01:05]
Chip
There's just so much stuff going on, Jeff. But that's okay because we're here to mini workshop it with you and break it down and give you our perspective, which we're always going to do. We're never going to not give you our perspective. So that's what we're going to do. Who's ready to go? Let's go. Welcome to on the Chain. Boom. Drop in where you're coming in from. What part of the world are you coming in from? Where do you hail from, you freedom lover, decentralized fan, boys and girls? That's what I want to know. Of course. Celebration. Chad's coming in there. The most rigged community in central Florida could be XRP Plumbing. So they finally put the documentary of the XRP unleashed or rigged from the start. It should have done that. The reason they didn't do it is they needed to fund it. So you needed to. They put a lot of money and effort and time to put that together. And so that's why they had a charge for it. That's why they had these, you know, events all over. I don't know, they had like seven or eight premieres. I went up to the one in Atlanta, had a little altercation with my pal Brad Kimes. So wrote a AI song about it. Why wouldn't we? Good morning, y'all, says Ray Ron. Loving my new nft. Hell yeah, dude. Hell yeah. That is a good. That's a good one. Dober's in the house right there. It's all rigged. Of course it's all rigged. Reborn's in here. Reborn John. Look at Reborn John. He updated his phoenix with his yeti. Gotta love it, man. You got to love it. Maybe we got to do a special thing for XRP Plumbing so he can have the plumbing. Maybe you can just use that for your, you know, the plumbing, dude. That would be awesome, wouldn't it? The plumbing, dude, the plumbing. Yeti. Bad eyes. Yeti. Yatai. Trying to see like I have it in here. Trying to look at it. Where is it? Here, this is. I have it on my phone. So there it is here. See? Bam.
- [03:10]
Jeff
Yes, there he is. He's badass.
- [03:16]
Chip
Maybe we just give that to you as your user for your avatar since it's not an official. Official official. But we'd have to do a one off to make it an nft, which we could certainly do that too. So Vince Gully says good morning.
- [03:32]
Jeff
Good morning.
- [03:37]
Chip
From Houston. John Page coming in from Australia. Do love our Aussies. The big, big fan base over there. I could send you some money, cash up. No, it's not really about the money, dude. It's just more about, you know, if you want to use a fear. It's just that we, we were talking about. You were like, you know what, let's see. Let's see if we can create something cool.
- [03:58]
Jeff
We got to see if we can mint it though. I think we can mint a one off.
- [04:01]
Chip
We can probably. We can do it. We can mint a one off. We can mint a special one off one because you can have it as an NFT as well, which would be great. We'd have to do that, like coordinate that because I'd hate to mint it and somebody else buys it. You know what I mean?
- [04:14]
Jeff
Oh, that'd be interesting. Wouldn't that be? And immediately puts out.
- [04:17]
Chip
That's the problem with it, right? That's the whole thing is like we mint it and then someone goes in and swipes it and be like, damn, swipe, Swipe. Swiper. No, Swipe. We don't want that. We don't want that to happen. So. Right. The Green Tribe. Hell, dude, we. We got the black and the. And the purple Purple drive yet to go, but we're going to be doing probably the badass chimps next. Giving away badass chips on here.
- [04:42]
Jeff
That'll be fun though. Badass chimps. Yeah, badassery.
- [04:47]
Chip
Yeah. And starting probably tomorrow night, we're going to be giving away some plots of land for the Expector verse. Oh yeah, Pretty awesome. We got some of those. That's right.
- [04:58]
Jeff
We got land.
- [05:00]
Chip
Those are Pretty highly valued. We'll do that tomorrow night. Yep, that'd be cool for the next consecutive shows. But these are valued around 100 bucks each, man. Not messing around, but so it's a good thing. So Derek set us up, so we're excited about that to be able to give those away. Klaus, he's stepping away. Well, he's been stepping down for like two years from what I've heard. Right. I mean this dude is like, he's been, he's been stepping down for like forever. It's like. Yeah, but he's also not well either. He's. He's got some health issues. But yeah, the, it failed. Jim D's in the building. He's got his coffee. Good for that. Coffee. Coffee is there. Let's go. Let's get into some news here, Jeff. We got some action packed stuff. We have so much stuff to talk about. Ripple put out this post on X. What if aid could be faster, smarter, more transparent? Well, this is so on point because what we're learning from USAID is they were sending supposedly in the form of, yeah, they'd send some things but most of that stuff was being filtered. Like maybe 10 would go to help some country and then the rest of it would get funneled into their, you know, the cronies bank accounts. So it would turn into a big, a big joke. And so, you know, Jeff, we've talked about that for a long time. Put on the blockchain. Let's see where every single, you know, dollar, whatever it is. Why don't track and see where it ends up? Because there's no transparency. It's like, oh, we gave two, $2 million. We gave $1 billion to this country. Okay, then what happened to it? Oh, who actually got it? Did the people get it? Did the government filter it? So this is a lot would happen. So this is so necessary and it's great to see Ripple with an initiative here and, and so Ripple along with this Mercy Core Ventures and also along with Diva Donate, they're piloting a blockchain powered aid using Ripple USD for drought insurance in Kenya. So satellite data detects the drought risk. Smart contracts automate the RL USD payouts. 500 plus farmers receive timely support. So this is a amazing, kind of a fun, good initiative. And so they put out this here and how it works. So the pilot uses a data driven approach to proactive drought relief utilizing the RLUSD on Ethereum. This is where we're getting the smart contracts as the payout token in combination with the Smart contract the computer program that automates predefined execution price once conditions are met. How a smart contract works and so in this case the Ripple USD will be sent to Kenyan pastorologists once drought triggers are detected via the satellite. Normal difference Vegetation Index. The NDVI is the satellite based measurement that will be used to assess the health and density of the vegetation. So here's how it works. First of all you have the Ripple USD pool. Anyone can contribute to the campaign by connecting a wallet. Number two Smart contract funds are held in escrow with the predefined drought triggers. The NDVI measurements. Vegetation conditions are measured using the NDVI and then you have automatic payouts. If those drought conditions are detected by 05-31-2025, funds are automatically released to affect the communities. So if you think about it, this is true decentralization in work. You set up a smart contract and when these predefined from via satellite it drought is detected, funds get dispersed, there's no central party. It's once it's set up you got the smart contract. They're doing it on Ethereum because Ethereum is smart contract based blockchain. Jeff, this is, this is such a welcome thing. Especially in a scenario where there is no centralized control. Once it's set up, if it happens before May 31, boom, I'll go the payments. What do you think about this?
- [09:06]
Jeff
Yeah, so you know, it's interesting, you know there's different ways we could approach this. You know number one, where's the money coming from? You know, is it, are, is the aid going to continue coming from a government fund? Is it going to be voted through or is it through private donation? So you get, you know, all these private corporations, maybe they want to participate in, in this, you know, versus it always having to come through government resource. But even though, you know government resource aid support development, you know around the world is beneficial especially for you know, exports, you know as we can start building other economies or helping other economies grow, providing tools through, you know, education and things like that to allow them to become more self sustaining and self sufficient then they become consumption based economies and they start consuming our products which is, which is good. If we look around the world, you know, for all these last decades, the level of corruption through like a USAID as an example and USA was one of those groups that was responsible for distribution of like $6 billion annually over to countries in Africa. And so how much of the money actually made it to the hands of those who were in need and you know, how much did the NGOs take? How much did the government officials on the ground take? How much did community leaders take? How much did fraudsters take? How much actually made it down to the farmer level? You know, I think that's like the number one question now, through blockchain, through transparency, cut out all that fat, right? There's no reason to have any of those middle people, because now if we can orchestrate and we have a structure in place to say, look, you know, Kenya, you know, we. We want to see what we can do to help them continue to develop using the correct technologies. Because there's technologies around the world, like if you look at, you know, over in Israel, what they accomplished, being able to plant and produce in, in desert climate. And so if you could take certain technologies like that, implement them in regions like this, in Kenya and Africa, throughout Africa, have the financial backing, and then provide that assistance and support and funding and training directly to the farmer, you just bypass. You're connecting the farmer with the technology. You're helping them help support them in the beginning. And it doesn't have to be always handouts. There could be low interest, you know, ongoing loans to help them develop and build what they're doing, but with full transparency now, this is, you know, true development and in a structure that has, you know, the transparent foundation, so that if we want to look at, if it's coming from government funds, well, here we go. We know exactly what's going on, we know who's benefiting from it, we know how it's moving, we know how it's being spent, we know where it's being spent, we know, you know, if we know where, we know what countries they're participating with. We know. And then we can track the fund from that point forward as well, you know, So I think there's so many components, you know, to this that have been achieved, that can be achieved through blockchain that are going to be critical. And it's really to the benefit, you know, of all these farmers, you know, so we can then pull back. We don't have to give 6 billion. We can give, you know, a lot less. That would be over, you know, beneficial and, you know, overall, which I think would be great. Chad is saying you sound like you're underwater, but I don't know. I don't. I don't hear it like you're underwater. Let me see, let me see.
- [13:03]
Chip
Hello. Maybe it's my microphone. I don't know.
- [13:05]
Jeff
Does your microphone change? No, since we started?
- [13:09]
Chip
It's on crisp.
- [13:10]
Jeff
Oh, okay.
- [13:12]
Chip
Hang on a second. Let me. Let me turn Crisp off. Let me see if that'll do it. Does that sound better? Let's see if that's.
- [13:18]
Jeff
No, now you sound echoey.
- [13:20]
Chip
Weird. Yeah, something. Unfortunately, I had to change browsers and it screwed everything up, but I don't hear it, so.
- [13:26]
Jeff
Like, you're underwater. That's so strange.
- [13:28]
Chip
Do you guys hear it? Hello? Anybody? Bueller. Dealer.
- [13:33]
Jeff
But something. Something definitely shifted from when we opened to right. Like, right now.
- [13:38]
Chip
Do you hear something different? I don't know. I mean, I'm on.
- [13:40]
Jeff
I don't hear like you're underwater, though.
- [13:42]
Chip
Come on. Crisp. Better. Does that sound any different?
- [13:47]
Jeff
Oh, much better.
- [13:48]
Chip
Yeah.
- [13:48]
Jeff
What'd you do?
- [13:49]
Chip
I turned Crisp off.
- [13:51]
Jeff
That's weird.
- [13:52]
Chip
I was doing something.
- [13:53]
Jeff
When you turned it off before, it was like, staticy, like, you're in a big hole.
- [13:58]
Chip
Switch it to Scarlet, which bypasses it all together, so.
- [14:02]
Jeff
Oh, you went right to the box.
- [14:03]
Chip
Yeah, yeah, yeah. So that's why. So I don't know. Something going on with Crisp out the f. Yeah, Crispy. I'll have to fix it because even when I turned it off, it didn't seem to help. So thank you for that. All right. Sounds better. Good.
- [14:16]
Jeff
Well, thank you. Much, Much better. What a difference. Something happened, like.
- [14:20]
Chip
Yeah. I don't know.
- [14:20]
Jeff
Strange.
- [14:22]
Chip
So pastoralists, which is basically just all it means is a cattle farmer or sheep. You know, sheep or cattle farmer, which is here. But. So you connect your wallet. You can do this. But there's some more data points here. Jeff, kind of like while you were talking. There's 533 of these pass for lists, 75 target over the amount to cover the amount per. And there's 40,000 total to cover for the campaign. Takes a place with partnership with Ripple. Ripple generously contributed $25,000 to support the campaign. Additionally, there's an additional 12,000 which was remaining unreleased from previous campaigns. This is from Mercy Core and Arbitrum that have been rolled into this campaign. So that means there's 38, 000 total. Doing the math on that. 32. 37,000. What am I doing here? 37. The trigger metric talks about that donation scenario. So if. Here, let me just see if I get this bigger here. So, 100 if the NDVI is at or below 1.55, 67 if it's at 1.5, and 0 if it. It's above 1.6. So there you go.
- [15:30]
Jeff
What is NDVI? That was the metric, the Normalized difference Vegetation Index.
- [15:36]
Chip
Yeah, that's what it is normalized.
- [15:38]
Jeff
They make that up. What does that even mean?
- [15:41]
Chip
I think it's. It's what measures the. The amount of water for the. In the. In the drought.
- [15:47]
Jeff
Remember Sam Kinison?
- [15:48]
Chip
Yeah. Quantifies. Yeah. Don't. When he says, he goes, yeah, instead of shipping food into a desert, you live in a desert. Get out of the desert. The health and density of vegetation using sensor data. He goes, you know why? Because you live in a desert.
- [16:06]
Jeff
You know what this is? Sand.
- [16:08]
Chip
Get out, you live in a desert, move to where there's water. It serves as a reasonable metric for assessing drought, as vegetation density generally correlates with rainfall patterns. So, like, less vegetation, less rain, less water. Be, blah, blah, blah. So anyways, we spent a lot more time on that than I expected. So I think it was good to sort of workshop that a little bit.
- [16:30]
Jeff
It was decent to, you know what it is? It's real world utility of blockchain. You know, people really want to understand and know, like, where can we put this into play? You know, and that's it, you know, so look at that, Adrian. Arsenal is on right now. So he's not sure exactly where he's going to be. He's either watching the Arsenal game or listening to us.
- [16:54]
Chip
I know where I'm going to be.
- [16:56]
Jeff
Not watching Arsenal.
- [16:57]
Chip
No. I could care less.
- [16:59]
Jeff
So there's. There's a pub, losers, five, ten minutes from my house. That is. On any other day you wouldn't know it, but today if you walked in there, it'd be packed with Arsenal fans. Packed. That's like the hangout. And it. It's crazy, you know, everyone's got their jerseys on and just overflowing with Arsenal fans. But my son is a Tottenham fan. Refused to go in there. He wouldn't go. When they were playing Arsenal, I said, this is the greatest place to watch it. They have a massive team. Yeah, Tottenham pub.
- [17:37]
Chip
Amongst unfriendlies.
- [17:39]
Jeff
Exactly.
- [17:40]
Chip
Amongst the. Yeah, you know, not a good idea. I'm with. I stand with your son. There you go. Yeah, I stand with Aaron on this one. Sorry, not giving in. Our pal Stu Elderati, who's the general counsel over there at Ripple, he did a. He did an interview. He chatted with Kenzie Sigelos about the National Crypto association new report. We talked about this a little bit the other day. The crypto in America, which found crypto holders come from all walks of life. Who would have thought? Everybody thinks it's. Oh, it's the young people. Oh, it's the middle it's this, it's that. And the funny thing is is it's a lot. So let's put this. I was going to play the full interview. It's just too long. 1 0. Yeah, you can turn it off now. Let's see. Let's go to. Here we go. Let's go. Here we. I'm just going to play the clip. So it was an eight minute interview. And if we do that, we'll never get through all the stuff we have, Jeff. So just play the one bit here. All right, let's turn our attention back to the US for our main story. The National Cryptocurrency association is out with a new study on US Crypto sentiment. Crypto World's Mackenzie Segala spoke with Du Alderati about the study. He is president of the association aimed at educating people on how to engage with crypto.
- [18:56]
Jeff
Why was it important to conduct this kind of research? And did anything surprise you in the findings? So the NCAA partnered with the Harris Poll to conduct the largest ever study of crypto holders in America. One in five Americans, 55 million American U.S. adults own or use crypto. More people over the age of 55 own crypto than people under the age of 25. Crypto isn't just for the bros. No.
- [19:25]
Chip
That'S a kind of a staggering stat. More people over 55 own crypto. Wow, Jeff.
- [19:32]
Jeff
In America, boomers, 1 in 5Americans, 55 million American U.S. adults own or use crypto. More people over the age of 55 own crypto than people under the age of 25. Crypto isn't just for the bros. The crypto bros. Nearly a third of crypto holders are women. Nearly as many crypto holders worked in construction as do in the technology sector.
- [19:57]
Chip
See, this is good to do a study like this because there's so many misnomers. There's so much miscommunication out there. It's like, oh, it's a certain demographic and. And then finally it's really everybody. Plus, you know, a third are women. And I think it discounted like, oh, it's all crypto bros. That ain't true either. But also the crypto bros are stupid enough to go on X and, you know, the women are much smarter and don't have to be out there. Like, you know, they're just investors. They're quiet investors. They do the research and they don't have to be, you know, being stupid on. On the social media.
- [20:26]
Jeff
Crypto isn't just for the rich. 26% of crypto owning households earn less than $75,000. That's just four very quick metrics or data points. And when you dig into the report, there is more, there is more to learn. All of which I think is some is surprising, some is not surprising, some is really just confirming what we thought. But now we have a definitive survey, the largest ever of its kind in the US that, that folks can now point to and rely on.
- [21:01]
Chip
Pretty cool. Pretty interesting stat there. Stu Alderot, he also, he put. He also flashed his photo up.
- [21:10]
Jeff
Is walking home from Kelly's bar in Hamtramck.
- [21:15]
Chip
It's a little early to be drinking Kelly's, isn't it?
- [21:18]
Jeff
That that might be the last holdout in Hamtramck now that it's no longer a Polish neighborhood.
- [21:24]
Chip
Yeah, no longer. No longer. It was when I lived there. Stu says that cryptos for non crypto people too. And so here he is standing out with a giant sign in the background. I don't know where that is. Trying to get an idea. Where is that exactly? I think that's San Francisco. I don't know where that. Is that in the US I don't know. He didn't. He didn't say where it was. But cryptos for non crypto on that flag.
- [21:51]
Jeff
Look at the flag in the upper corner. See if we can get some of those words on there.
- [21:55]
Chip
Says something dot com. Oh, W a L dash dot com. So it must be hard to know. Nothing really tips you off. Trying to look in the building, see if there's anything that can kind of give it away.
- [22:07]
Jeff
That would be. That's more like New York City architecture.
- [22:11]
Chip
Well, it could be San Francisco too, because you notice, potentially. Be nice to know where he was. Let's see the manhole cover. Anything on that? Nothing. I don't know. Nobody knows. For this.
- [22:24]
Jeff
Nobody knows.
- [22:25]
Chip
I don't know.
- [22:26]
Jeff
Argentina.
- [22:29]
Chip
Argentina, who knows? I was trying to see if anybody know. Oh, look at that. Let's see how. Look. I've never seen somebody's short comments in my life. I was hoping that somebody might recognize that and say, hey, I know what that is.
- [22:44]
Jeff
Well, no, throw it into chat GPT and see if it knows.
- [22:50]
Chip
We could do that too. Yeah, let's definitely do that. Let me take it off screen here and download this puppy. Download this image.
- [22:58]
Jeff
This will be interesting.
- [23:00]
Chip
Let's see if we can figure out.
- [23:02]
Jeff
Be able to recognize. Could be anywhere. It could definitely could be anywhere. But if you look at the bricks the building, you know, just from the overall structure, it'll be crazy if chat GPT can find it, but it has been able to find things.
- [23:18]
Chip
Oh, it finds all kinds of man.
- [23:21]
Jeff
And you know, it's just. Just based off of something small like that.
- [23:25]
Chip
Okay, I just asked it. Let's see what it says. Where is this photo taken? Dude, you were absolutely right. Wall street in New York City building the backgrounds in the New York Stock Exchange, where it's one very close to it. It's known for classical architecture, prominent financial location.
- [23:40]
Jeff
There you go.
- [23:40]
Chip
The ad on the glass says cryptos for non crypto people. And it's from the national cryptocurrency Association. Appears to be part of a marketing push near the financial district. So, yeah, classic Wall street scene, rainy day business attire, and crypto banner at the heart of legacy finance, man.
- [23:56]
Jeff
Come on.
- [23:57]
Chip
There you go, man. People don't doubt. Don't doubt the.
- [24:01]
Jeff
We should. We should just invite Chat GPT on the show. Just let Chat GPT do the show.
- [24:06]
Chip
We can have a conversation with Chat GPT. You know, just have a conversation with. It's amazing. It's freaking amazing.
- [24:14]
Jeff
Justin thinks Grok is better. Grok is different. I. I create, I did a project and I use both of them because Grok elongates everything and doesn't always provide it as clean. Like, it's weird. Chat GPT puts more of the flowery stuff around it and. And Grok is just like more encyclopedia.
- [24:35]
Chip
Like, well, if I want non woke. If I don't want woke in there, I go to Grok, right? So if I want to Grok and I want the real estate, because a lot of times I'll get like, oh, I can't help you, or, oh, well, I can't do that, or you violated the rules or some kind of like that. Chat GPT. But if I want to have attitude, if I want to get like an attitude or an edge, yeah, Grok is the place to do it. But it's. It's a little bit more. It's a little more personality than it is, you know, so there's. It's kind of a fine line between them. So it's good for some things.
- [25:07]
Jeff
And I don't think you can have the same conversation.
- [25:10]
Chip
Elon Musk. It's X. So if you go into X, you can. You can go to. I mean, I have the Gro app as well, but.
- [25:18]
Jeff
Yeah, me too. Well, can you have the same conversation?
- [25:20]
Chip
I mean, it's built into ax, so you just go to AX and it's. There's a GRO thing in there. So it's the same. Same functionality. So look at this. It works.
- [25:29]
Jeff
I put chat GPT on here and it's going to listen to us. We're gonna have to invite it in and see if we can talk to it. That'd be crazy.
- [25:39]
Chip
We can talk to it and tell us all kinds of stuff, but. Oh, you know. You know, Jim's the one starting the whole yeti thing. All right, you might have to do this time, Jeff. I don't know if I've got the yeti thing up here. Let me see. Do I have it? Yeah, I do. Let's see. Let's do this. Because, guys, we gotta give away a yeti, so I've got to go ahead and get this set up. All right, we've got five entries already. My goodness.
- [26:07]
Jeff
Well, after this, let me. Let's take a quick commercial break. That'll be cool. Here we go.
- [26:13]
Chip
Win a badass Yeti from Blue Tribe.
- [26:16]
Jeff
What's the word of the day?
- [26:18]
Chip
Yeti?
- [26:20]
Jeff
Get your sovereign wallet ready because this one's gonna be. Get ready to click. Name your own legendary Blue Tribe Yeti.
- [26:33]
Chip
Of the clan Spirit Walkers.
- [26:39]
Jeff
His name is Skull.
- [26:47]
Chip
On the chain with the badass Yetis. There you go, man.
- [27:21]
Jeff
Scalder.
- [27:23]
Chip
Let's talk a little bit more. Let's talk a little bit more about Ripple. So Ripple X. Put this out. Mic check. Is this thing on?
- [27:29]
Jeff
Yep.
- [27:30]
Chip
Listening on. Hello. Apex 2025 speaker lineup now alive. Let's take a look who's going to be at Apex this year. So you got the usual suspects. Garlinghouse, Schwartz, Monica Long, David Bichiri, who's president of the XRPL Commons. And there's a couple people that I'm really excited that are going to be there. I wonder who's gonna be on here probably next Saturday. Alexander Tichenko, CEO and founder of bnx. You got Arthur Sabinskov, which is Grove. You got Garlinghouse. We talked about him. David Simmons from Dolly. Dimitri or Streno from aws. Our buddy Fabio Marzella, who is also going to be making an appearance on the show.
- [28:13]
Jeff
Oh, that's awesome.
- [28:14]
Chip
Because he is the run that the. He runs the Z o dao. And Fabio's coming on the show. We're just going to get him scheduled. But Fabio from. From Australia. It's going to be exciting. And we met Fabio last year in Australia. Australia, which was awesome. Hugo Filon from Flair is going to be there. Ian debode from Ando, which we've been talking a lot about. Ondo got Jan Hankin from Chains Atlas. You got Joel Munn from, from Strobe Protocol. Julian Litoff from Adios. Luke Boca Hat from XRPL Commons. Matt Mankins from Kudos. You got Max Zhang from Mercurio. Got my Yuka Vidari, she's a senior software engineer over there. Ripple, Monica Long, Nathaniel Javier, uh, Nicole Wen from uh, APAC Dao and our buddy who was going to be on here next week is going to also be super from Anados, which is awesome. Also Scott Chamberlain which we got to spend some time with and meet him when we were in Australia as well. Excited about Scott. It says he's representing the Australian National University. But of course you know he's, he's got a pretty great bio because I don't see if it talks of Evernode right there. So he gets ever a neverno mention way down on his bio. But that's what he was talking about last year. Co founding Evernote. So pretty, pretty cool. Shen more Comey is going to be there as well. And of course we met. We got to hang out with Shen. We got to be on a panel with Shen and it's exciting. He runs Gen3 games. Thomas who's Net XRPO Commons. Uh, Tom Robert from Pass Entry. So good stuff. You also have Vet awesome from XRP Cafe which would be amazing. And then William Chen. So really exciting people from the community that's going to be taking a place. I think it's in June, beginning of June. Is it? When is this thing happening? I'm trying to think of when this kicks off. Exactly. I'm gonna go ahead and. There we go. When is this. That's. You think the first thing you'd put on here is exactly when it is, but I don't see. It's a C in Singapore. But wasn't it in the Netherlands last year? I think it was June 10th through the 12th. There you go. June 10th through the 12th. There it is. I thought it was the first week of June, but no it's actually the second week. So that's pretty cool. Yeah, interesting. And I think we got a video on that too. Let's see. I think we got some videos on Apex. Let's do this one. This is apex 2025. Kind of like an overview. Then we'll talk. The one with. Here we go.
- [30:59]
Jeff
Every year, XRPL Apex highlights the growth of the XRPL community. We welcome developers, institutions, industry leaders and blockchain innovators from around the world for insightful discussions, hands on workshops and networking opportunities that shape the future of The Ledger in 2025. We are thrilled to bring the event to Singapore. Come meet me. Ride Garlinghouse, Monica Long and many others in Singapore this June. Together, let's drive the next wave of blockchain innovation. I hope to see you there.
- [31:35]
Chip
There you go. And then add another one here too. So remembered through. Maybe not. Maybe it was just the one clip, maybe I didn't download the other one, who knows? But that's pretty much it on on Apex. But it'll be another great awesome event. Something you teased at the beginning, Jeff, you talked a little bit about this, but I think it's a pretty interesting development with Coinbase. So Coinbase Institutional put this post up. We're excited to announce the Coinbase derivatives filed with the CFTC to self certify XRP future bring in a regulated capital efficient way to gain exposure to one of the most liquid digital assets. Do you hear that? The most liquid digital assets. We anticipate the contract going live on April 21st.
- [32:25]
Jeff
Man, that's coming up two weeks.
- [32:27]
Chip
Yeah, maybe. Stay tuned for additional details on launch timelines and availability. Huh? What do you think about this development, Jeff?
- [32:36]
Jeff
Let's get some futures. Futures, baby, Futures, derivatives, futures, all those things. Pork bellies, all that stuff kind of terrifies me.
- [32:48]
Chip
It's a little bit. I'll be. I'm not gonna. I. I don't mess with them personally. Because you gotta really know what you're doing, Jeff, and I don't.
- [32:55]
Jeff
So it's not kind of like trading options. Exact options. Buddy of mine trades options all the time. Always has all these contracts out and you know, tells me about his kind like mad, I don't know. But once you know it, you know it. But you're still, you know, you can leverage, you know, your, you know, you can leverage, you know, much better using option contracts. But man, it's. It's a little intimidating, man.
- [33:23]
Chip
Check.
- [33:24]
Jeff
Check this out real quick. I was. So I'm looking on the XRP Cafe. This is the number one project in volume right now.
- [33:35]
Chip
The Bear Champ. That is fucking. That's hard to believe, man. Wow, interesting.
- [33:43]
Jeff
Current volume. 72,000XRP. Total volume.
- [33:47]
Chip
Holy cow.
- [33:48]
Jeff
I'm just looking at like total volume.
- [33:50]
Chip
All right. It's time to get the. It's time to ready the badass chimps, baby.
- [33:54]
Jeff
But when we look here at the volume over the last day, 43,000XRP, you know, and I look at the differentiator between this one that just rolled out the floor, 68 XRP 236 sales. The one below that is the X raptor punks at 3,000. And then you go down to. To expect or alpine the cars. You're at one point just 1500. Expect to land 1300. Look at that big differentiator. This is, you know, we were talking about this the other day that if we go over to the ordinals right now, these. The volume number is going to be in the millions, millions. And here we're in the four digits, you know, five digit.
- [34:38]
Chip
Yeah, but how much are they? What's, what's the, what's the, what's the floor price on that? 120 bucks roughly. Plus 120. 530.
- [34:48]
Jeff
130 per. And they sold 43, 000. Or the volume, the transaction volume.
- [34:55]
Chip
Who's running that project? Go back to this. Is there a website shown there? Go back to the Beer Chump trilogy. Beer champ.
- [35:13]
Jeff
Ah.
- [35:14]
Chip
Oh, that's J.C. rivera. Is that who that is? That's why. Because it's a known artist.
- [35:18]
Jeff
Yep.
- [35:19]
Chip
Go back to it again. Go back to the other one. Because it does not. I didn't recognize his work, to be honest with you. That's why you got a big name. Huge name. So he's probably bringing people from different communities over, right?
- [35:32]
Jeff
Yeah. That's really cool.
- [35:33]
Chip
That's awesome. Bringing some new stuff. Go click on the. Go click on the other art. Because like that didn't look. And it looked. Didn't look the same. Go back to the actual art on the. Hit the back button now. I don't want to see this. Go back to the last one. Go back to this project. I want to see what the project looks like. Bear Championship.
- [35:50]
Jeff
Oh yeah.
- [35:52]
Chip
So let's zoom in on some of those. I don't. I didn't recognize it as. Okay, so you know what? There's a lot actually. It's when you look at it from far away, it looked kind of muddy. But when you see it like this, you go, there's a lot. It's very cool because you know what I mean? There's a lot of shadowing and stuff. So you got a skull inside of the head with a. Yeah, that is f. Okay.
- [36:16]
Jeff
But still, you know, I mean, I get he's a known artist.
- [36:19]
Chip
Well, we're known artists too. Once we do a lot of badass chimpos. We probably should. Probably should ask him for some feedback from the community. We've been experimenting a little bit to see. Yeah, we probably should talk about that a little bit, Jeff.
- [36:39]
Jeff
That'd be A good idea.
- [36:40]
Chip
I think we should get some feedback from our, our trusted community here. It's not going to us on stuff because if you want to seek for. You can get a lot of. But I will say that. Let me go ahead, Jeff. Let me go ahead and I'm going to move some of these over and then let's get some feedback from peeps. All right, let's go to. Hang on, let me just put these into my. I'm moving them from my phone to my computer.
- [37:13]
Jeff
All right, Chip, you see this comment?
- [37:17]
Chip
Yeah, yeah. Not I. All right, it's time for the chip rant. Crypto politics, XRP dispelling the FOMO and fud. You're not gonna get it from me.
- [37:28]
Jeff
This isn't one of your YouTube fanboys.
- [37:30]
Chip
It's raw, unfiltered badassery standing up. Sit down, let's go. Not gonna bait me into it, Jeff. Play all the music you want. I'm not baiting me this time. No, no, it's. Listen the excerpt. Listen. XRP Vegas. There we go. The XRP Vegas event is a good event. You know, you got Brad Garlinghouse going to be. That's going to be a decent event event. It's. It's put on for profit, which is a little bit different than some other, you know, ones that we've. Holy shit.
- [38:11]
Jeff
But let's not do that.
- [38:12]
Chip
These things are expensive to run. They're expensive to run. They take a lot of time investment. It's a big time suck. So, you know, it's not that. That easy. But here we go, Jeff, let's go put this up. This is what we were talking about for the badass chimpos, right? This is the one that. Badass chimpies, right? That's what we're talking kind of like to give you an idea. But then, then we were talking about potentially, you know, and what happened to my other wanton. And so we were kind of looking at a 3D sort of version of these guys where, you know, so, so I guess the question is, do you guys like the hand drawn ones or do you guys like the more like 3D looking ones here?
- [39:04]
Jeff
Oh, oh, there's the 3D guys. There's those 3D guys.
- [39:08]
Chip
3D badass chimps. Bucket hat. Cool. You know, so what do you, what do you. What are you guys thinking, right? So here's this dude here and I think I got him somewhere else. So it's just a 3D version of it. And then there you go right there.
- [39:26]
Jeff
I love that guy.
- [39:27]
Chip
Badass yet he's coffee.
- [39:29]
Jeff
I love that guy. I love that little guy.
- [39:32]
Chip
So these are the badass chimps. Got the 3D version here.
- [39:36]
Jeff
Badass Yeti coffee.
- [39:38]
Chip
Right? You got the 3D version versus like, you know, the hand drawn version.
- [39:43]
Jeff
So where's the hand drawn one with the glasses?
- [39:47]
Chip
I don't know that I moved him over there. I gotta kind of move him over. I don't think I did move him. Oh yeah, here he is. Let's see. He's. He's here. See? Is it one of these? No, I did move him. I don't see him. Why don't I see him? That's weird because it did move him over.
- [40:08]
Jeff
All right, so I don't know which they do nothing. Not everybody likes NFTs, but yeah.
- [40:19]
Chip
Then keep it to yourself that we're not asking you. We're only asking people that have an opinion and care about this. Otherwise. Right, you guys can keep it to yourself. There it is right there. So there's the.
- [40:29]
Jeff
Oh, there he is. Hand drawn versus 3D. Look at that. Kind of like the juxtaposition of both of them. That's the real one that goes into the X spectroverse. And that there's the hand drawn one.
- [40:43]
Chip
There you go. That's a lot of character, man.
- [40:46]
Jeff
There's a lot of character. Lose a little bit of character there. But it's cool, the 3D one, just really cool.
- [40:54]
Chip
There you have it.
- [40:54]
Jeff
We get them to move around, put them in a video.
- [40:57]
Chip
He said I'd hold off. And putting them out. We hold off on nothing.
- [41:03]
Jeff
For like.
- [41:03]
Chip
A, you know, we've held out these, we've created these over a year ago. So we're not holding out. A year and a half ago. We created them. So now it's time to start rolling everything out. Bear market is dead.
- [41:14]
Jeff
That's his kind. XRP set aside for the Black tribe. That's right. The black and purple tribe are going to roll out and they, they're gonna be kick ass. We got to clean them up a little bit and get them out.
- [41:26]
Chip
That's right.
- [41:27]
Jeff
Or also kick ass. Once we get the four, then we got to figure out how to get them to battle each other. That'll be really cool.
- [41:35]
Chip
It takes some time. We're not there yet. Complete another audit of the XRPL EVM sidechain Axelar integration came out stunningly well, which is great. This is what we're talking about. So Scott Melker, who's the Wolf of all streets, he said 1,1 billion XRP token unlocked from ripple escrow sparks concerns about oversupply and I'm like yeah, seven years of monthly escrow releases, now it's a concern. So I've been kind of going back and forth with Scott Melker on a bunch of different things. He started raging on the whole wolf of monsters and yeah, he started raging out a bunch of stuff and, and I said so you when he was, he was saying since the inaugural of, you know, of, of Trump, the stock markets collapsed X amount. I'm like oh, you voted, are you it's telling me you voted for Harris. He goes, I'm spitting facts. I go well the reason I referenced it is because you tied it back to Trump. Right? I mean so this is like the whole thing about the whole stock market collapse. And if you want to talk about stock market collapse, let's talk about that. Here we go. Let me see if I can some.
- [42:40]
Jeff
Really good videos on that. There's a one guy who explained it like perfectly.
- [42:44]
Chip
Yeah we have, I have him too. So John Ocasio, Rodham Nolte which I love what he puts a Costco. So he, he said the left in the regime media cannot stop making fools of themselves that any capable of even minimum critical thinking skills. So let's look at this. This is the Dow Jones. So ignore when it, when it collapsed under Biden but now it's time for panic.
- [43:09]
Jeff
Right?
- [43:10]
Chip
You know this is the whole sort of, this is how it's how it's handled.
- [43:15]
Jeff
It was devastating during that period of time when they, when portfolios were cut by, you know, down by 60 of their value. Then we live through that period of time where if you didn't go into cash and you were still sitting in your portfolio, it's down by 60%. You know, so and then people lived with it and they were okay with it. Now they talk out and now there's purpose behind, behind the, the movement with the tariffs, the collapse of the markets, the big, there's certain players at hand. There's a war going that's being waged right now. Oh yeah, absolutely don't understand the fundamentals of what the tariffs represent. But then they don't understand the crash of the markets right now. You know what exactly is transpiring because you still have these big institutions that are, that are connected to and controlled by the global elitist and the global elitist are going to fight back. They're losing their power hold. So every move that Trump does on a daily basis is being try. There's an attempt to Counteract what he's doing to put this country right. Because the more our country lives in chaos, the more they control us. The more they control us, the less money earning potential you have. And they also will continue to take all of your hard earned dollars through over taxation, taxation with no representation because then we're pushing billions of dollars into the coffers of who knows who. And that's the corruption they're finding. When you get rid of the corruption, that's their money flow, that's their spigot. You cut off their spigot, you take, you get a caged animal. That caged animal is dangerous, you know, but if you know how to control a caged animal, you can win. If you don't know how to control a caged animal, it becomes very vicious. But in either scenario, the caged animal is still dangerous. Right? And so Trump has orchestrated, and this is, if you go and look and read all these different articles that are coming out on it, Trump has orchestrated this tariff plan for like the past 25 years. He's been talking about it. So he, he keeps, and now they've gone back to reference things that he said and he's alluded to this fact of what needs to transpire to set our country back on the path of success and prosperity. That's one component of it. The other component, and chip, you reference it all the time. The book from the Art of the Deal, you know, if you read that book, you know exactly what his objectives are and how things happen. From a business perspective, you have to gain leverage. Our country lost leverage. We lost leverage against China. We lost leverage across the board. If you go to the Shark Tank and you watch the talking heads on the Shark Tank, what is the one thing they tell most people that come on, when their cost of good production was too high, they laugh at them like, oh, that should be made over in China. I can take that over to China. And our cost of production is going to drop by 50. Well, hey, guess what? You also just lost control of your product by sending it to China. Correct vacuum in this country, you know, and it's, it's crazy because when I was in undergrad, I had an economics professor, this guy was brilliant, you know, ran businesses, was CEO of multiple companies. Guy was brilliant. And the one thing that he would reference, and this is back, this would have been back, I don't know, early 90s, whenever that was. And he taught and he called it that, that we're entering in this phase of the donut economy and the, the donut or the bagel, whatever you want to call it, but all of the production is in the middle. All of the service industries on the outside. He said, as soon as you take out the production, which is every, everything that we've shipped over to China, producing, making, building, developing, all of that stuff, you take out that the middle part of the donut, everything collapses because your economy can no longer survive just on service, because you've lost the core of your economy. And this was then. Now you fast forward to now and look what happened. Exactly what he said was going to happen, and. And this is exactly what transpired. We shipped all of our production overseas and. And then we have nothing. Because as soon as they shut the spigot, you've got nothing. We, we lost control of our firm pharmaceutical production. We've lost control of, of key components that go into everything that we make, from microchips to transistors, whatever, you know, stamping plants throughout the Midwest that make components for vehicles all went to China. And guess what happens when it went to China? Not only did they steal our technology because no one put a check and balance on the fact they were stealing all of our, all of our technology and using it as their own. But the stuff they ship back here was cheap, cheaply made. It didn't last. And now you talk to people, look, go. Go to Home Depot and go try to buy something that's not made in China. Tools all cheap. You get the most of your appliances cheap. Now you know what you need to do. Just like the textile industry. I remember a number of years ago, I was working over in Italy and. And I said, well, the one thing you guys have here is textile. And they said, we don't have textile anymore. So what are you talking about? You know, Italian product? No, it all went over to China. So they shipped all this stuff they used to make in Italy. They ship it to China. But the stuff they did keep, like this goes years ago. Go and look for, like, the basic things like shoes. Try to get leather shoes. No, made in China. And if you want good leather shoes, you're gonna spend 500, $600 on shoes that used to cost you a hundred dollars, but the hundred dollar, two hundred shoes are now made in China. All of all of your components and your parts and just everything. That's what happened. And then it starts moving and you start looking. Okay, now where else could you can have it made in Cambodia, India, Jordan, Egypt, but those are, you know, minimal everything. China and meme is saying, Amazon, China, go on to Amazon and Try to buy a product and. And things have shifted a little bit. But let's say you're looking for a mouse, a Logitech mouse. Logitech is somewhere buried in the result. But everything is like, I don't know, you know, whatever, whatever weird name it has to it. You'll have a hundred of these, you know, wireless mouse devices that are made from China. And then finally you'll find the Logitech one. That's Logitech, maybe a little better, but guess where it's made? China. You know, it's just massive, massive problems, you know, in the economy. And that has to shift. Hence the tariffs. Well, they put tariffs on our products, we put tariffs on their products and we start pushing production to the U.S. yeah.
- [50:01]
Chip
By the way, for people in Australia, you know, you mentioned Home Depot. That's Bunnings Warehouse. Or it's Home Hardware, Thrifty Link Hardware, just for the comparison. There you go. We know big one here is Lowe's. And, you know, they kind of know what you're talking about here.
- [50:14]
Jeff
Yeah, yeah, but look at the appliances, too. Go get it. Go get a stove or a washing machine right now. And if you go just a random washing machine, like seven, I don't know, $600, $100. Get a quality one. You got to go to the, like, high. Like all the production. Like ge, for instance, they have appliances, but the regular appliances are cheap. When you go into their cafe series, you're going to spend like 4,000, $5,000 on appliances. But it's all high quality. That's what they used to make. But what they did is put. Make it higher, you know, productive pricing.
- [50:49]
Chip
Right.
- [50:49]
Jeff
So you got to go to like their cafe series and their washing machine series. I just got it. It's the profile series. And you have to. I was looking at everything else. Maytag cheap. Like every single item was cheap. And then you go to ge, I'm like, well, these kind of suck. And they're like, well, here's our profile series. I'm like, okay, that's nice. That's good quality. Same thing with a cafe. Like a refrigerator is a cafe series. You spend a lot of money for it. I went to look for a new stove. Cafe series, stove. Like $4,000.
- [51:17]
Chip
Yeah.
- [51:17]
Jeff
I'm like, come on, you know, what's, what's going on? But people seem okay with that because they want cheap prices, cheap products. Of course, you know, it's a shame. It's a travesty.
- [51:25]
Chip
Wolf of all streets, you know, breaking China hits U. S goods with an extra 34 tariff. Play stupid games, win stupid prizes. 6J said, I hope you're referring to China. He said, referring to terrorists in general. Everyone loses. I'm like, well, Trump responds with a 50 tariff equal to or less than what other countries have been hitting us for years now. You're upset. Were you perfectly fine with those countries charging the U. S. Sky high terrorists while no one lifted a finger? Go ahead and lighten us. Or just say you voted for Harris and then it all makes sense, right? So I put that on there. Rob Cunningham chimed in. He said, I submit a motion to change the name of wolf of Wall street to Chihuahua. Of course he spelled it wrong. Of Wall Street. Can I get a second?
- [52:06]
Jeff
But this isn't wolf of wall street, it's wolf of all streets.
- [52:09]
Chip
Whatever. Wolf of wall Street. Yeah. Of all streets. Yeah, the wolf of all streets. He goes, it's spelled Chihuahua. If you're gonna troll someone, make sure you don't troll yourself harder. And Rob said, Brilliant. Self trolled. I concur. Will said, you're obviously a good guy and very passionate, but I can say all the hair trigger responses are the reason that people take issue with other communities. Bitcoin maxis. I mean, please, dude. He said, I concur. I've been engaging the battlefield since before Trump descended the escalator in 2015. I admit the occasional lapses in war fatigue given we're still fighting this economic, political, philosophical, ideological, spiritual, financial, ngo, military, social, religious and existential battle between centralized control force versus national sovereignty supporters. The war between centralized versus decentralization is oldest human history. We're at an epic turning point, one impacting every single aspect of life on earth. Emotion, excitement, impatience, fear, anger, greed, ignorance and tribalism. It's all in the mix, causing the fog of war. Of course. Rob is brilliant as usual, but I thought that was pretty, pretty on point there. You know circle has an IPO coming out. I don't think, I don't. I know Rob. He didn't write that. With chat GPT. If you know Rob and you spend any time with Rob like I have and had dinner with him, this comes out of his mouth non stop rapid fire. He doesn't use chat GPT. I'm telling you right now, I know Rob. He talks like this and he has facts and he memorizes everything. He's that. Listen to the watch him on his podcast, you'll know. You'll see.
- [53:43]
Jeff
My coffee thing doesn't open.
- [53:44]
Chip
Well, that sucks. Jeff. So who is from modular capital? Put this out he goes. You know, Circle earned 1.7 billion revenue in 2024. You know they have an upcoming, upcoming IPO, but they paid out 900 million to Coinbase as a distribution partner. That 1 billion going to Coinbase likely comes with little to no cost of cost to serve. And at 10x earnings, a 10 billion market cap and likely contributes 25 of the coin valuation. So for perspective, coin is targeting 4 to 5 billion dollar valuation for its IPO with around 300 million of 2024 adjusted EBITDA earnings before income taxes. And I forget what the other is there, but part of a way. Coinbase has monetized its brand platform and distribution with the Rev Stream less cynical than its core trading transactional business. And so he just basically talks about it. Look at Coinbase is getting freaking rich versus oh yeah they are. You know, and then she's burlo who now who used to be with Ripple. He now sits as a board member of Ripple. But he put this out, he said this is interesting too. Ripple A Circle's IPO is rumored to be between 4 to 5 billion far below the threshold at which liquidation preferences do not matter. Which is 8 billion preferred stockholders. Investors will get the first 1.1 billion before common stockholders, which are the employees etc can Redeem. Given that 99 of Circle's revenue is based on interest from USDC deposits, anticipated interest rate cuts will only massively impact Circle employees. And so this guy said, camshot, would you care to elaborate a little bit more on the liquidation press preference? Now here's the money shot right here. Later stage Circle investors E and F, you know, stage on the investment side, put a clause in their investment that stipulate that they are guaranteed return of 8 billion on their investment in a liquidation event. So if the IPO is under 8 billion, those investors get paid first and then everyone else.
- [55:52]
Jeff
Amazing.
- [55:54]
Chip
Not a good. I mean this is what, this is great when you follow people that are smart and are studied and knew how their E AT F rounds and these investors put that in there. So they're going to gobble up 1.1 billion of the stock. The next one will go to the, the, the the company and then finally you out there will be whatever is left over. Slivers, retail, the payout, the retail and then the payouts there. So like this is an interesting sort of amazing development ever.
- [56:26]
Jeff
Retail never gets a payout.
- [56:28]
Chip
Retail doesn't get paid out. No, it's not for that.
- [56:30]
Jeff
Nope.
- [56:33]
Chip
Ali, Tara, put this out here. You got there getting rid of the Federal Reserve first, then setting up terrorists would have been the way to do it. No, that's not the way to do it.
- [56:44]
Jeff
You want to elaborate?
- [56:45]
Chip
You can't. You can't get rid of the Federal Reserve. Like, let's turn it off. No, you gotta. The tariffs are what is going to allow us to get rid of the Federal Reserve. Why? Because money coming in that replaces income tax. The whole idea of the Federal Reserve is it's a debt system. So you borrow a dollar, and now you got to pay interest on the dollar to a third party. That's not federal, it's not a reserve, and it has nothing to do with the sovereignty of the United States. Okay? If you take that dollar and you keep borrowing that, you got to borrow another dollar to pay back the interest on that. If you set up tariffs and tariffs come in and replace, and then, you know, what Trump's saying is people making 175,000 a year or less, it'll probably start to look, the threshold will probably start lower that maybe 75,000, maybe 100,000. Those people no longer pay income tax. Right. Because now you got money flowing in from somewhere else. When the money flows in enough to where you don't need to pay taxes, you also don't need to take money from the Federal Reserve. And that's how you kill the Federal Reserve. You destroy the Federal Reserve by not needing it anymore. And you let them. And what are they going to do? You know, you have money coming in from other, other places. So that's how the tariffs. That's why the tariffs are a great idea, and that's why most of the people are coming to the table. Like, you know, like, Vietnam came and said, hey, I'll tell you what, what if we go to zero, would you guys negotiate? And Trump's like, yeah, we'll have a conversation about that. Doesn't want to do negotiation yet. So what he's really doing, you know, the whole idea of China, dude, we don't need China. That's the point. We're bringing all the manufacturing back here. Go ahead, put tariffs all you want. You guys can, you know, Canada did the same thing. We're going to turn a few. Well, good. You're going to collapse your economy because guess what? We only have, like, point, like 2%, 1%. It comes from Canada or Mexico. Meanwhile, Mexico is like 25. And I think Canada is in the 20, too. You're talking about 1/5. Your economy is dependent. So, yeah, I mean, you can say it's. It's It's a losing proposition overall. Yeah. On the tariff side, Jeff, we're on.
- [58:48]
Jeff
The winning side of it, you know, a hundred percent. The problem is that they've been implementing tariffs across the board, you know, so I think there was some discourse, you know, over what, you know, the US now is going to have tariffs as well in on Australian goods. But you know, you look at Australia for the most part had brought tariffs on US Goods pretty close to zero, but yet there's still some products that go to Australia because they're trying to protect their own domestic industry. Like the wine industry over in Australia as an example, they put a 29 tariff on all incoming U. S wines. So that means that the Australian wines will automatically be 30% cheaper, you know, just based off of that tariff or that gst. So they levy higher taxation, might not be an exact tariff, but they levy higher taxation on certain products based on region of where they're coming from. So like wine for instance. So although from a, if you go on the higher level you would say oh look, Australia has no tariffs. Okay, but let's go down to the micro. Let's look at specific product. Oh look, 29% GST taxation on top of whatever your other local regional tax is on, on US Based wine product. So that's what we got to start looking at now. We put our tariff on Australia and they're like, well maybe we need to come to the table and let's create a, a level playing field. So it's like if you can dump your product in our country, let us, you know, come to you. If you know, your people want our wine, then let them buy it at a 30 lower price point. You don't need to put that high taxation on it. And that's another way countries hide it across the board. You know, they're trying to raise money. Some countries have a hundred to 12550 taxation on American made vehicles, on American pro American cars. So if you go buy a car in some of these other countries, I could list them but you, you'll end up spending twice. So if you buy a car here, let's say now that it costs 50,000, you're spending a hundred thousand dollars in that country for that same vehicle which is why the U. S. Vehicles won't sell as well in that country and you're going to find other cut. You know, it just, it's amazing. It really.
- [61:09]
Chip
That's not a fair thing. So that's what.
- [61:11]
Jeff
It's not fair.
- [61:11]
Chip
So I thought, I thought Nolte had the best explanation of this. He goes, people need to understand that Trump is unplugging the American economy, waiting 30 seconds and then plugging it back in. It's a reset.
- [61:23]
Jeff
Yep.
- [61:23]
Chip
And. And the funny thing about it is the people complaining and bitching about Trump. I mean, dude, it's. I mean, just grow up. I mean, you had somebody in there that wasn't even sane, that didn't sign it. They had robos think signing it, never knew where he was. Complete incompetent fool. And everyone's like, this is the greatest president in history. Then you had the dumbest candidate to ever run for office with Kamala Harris. Dumber than dumb. Dumber than a box of rocks. And everyone's like, she's the greatest ever. I mean, come on, people. And now you're gonna complain. I mean, what is wrong with you people? I mean, you guys are absolutely out of your mind. By the way, did you know that Trump signed a new executive order, Jeff. On that. On what He. On. On here, look at this. This is the new executive order you sign right here. Executive order is for allowing people who are complaining about your tariffs to be permanently labeled as whiny, retarded, sad, little.
- [62:20]
Jeff
This is a good one.
- [62:22]
Chip
Is that everybody listening? It's a good one, right, Jeff? I mean. I mean, it. Sad, whiny, little. This executive order is for allowing people who are complaining about your tariffs to be permanently labeled as whiny, sad, little bitches. Hold it.
- [62:40]
Jeff
This is a good one.
- [62:41]
Chip
Is everybody listening? Everyone's listening. President Trump. Everybody is. Everybody's listening. I mean, why wouldn't you listen? It's fantastic, Jeff. It's so much great stuff. Why wouldn't you be listening to any of that? And then this. This I saw, too. This is. You want to see what it looks like the difference between MAGA and MAGA with port stock portfolios looks something like this. So for people listening to podcast, it's a clip of Elon Musk standing next to Baron Trump. Baron has got the stoic face on there. Elon Musk is hamming it up, clapping his hands, laughing wildly, throwing his hands in the air. And you got Baron Trump is, like, sitting there, this, you know, with a straight face, and he's the. He's the one with MAGA with stock portfolios, and Elon Musk is just regular maga. So it's just this funny stuff.
- [63:37]
Jeff
Would have liked to have called the cops.
- [63:50]
Chip
He's still pissed about the whole. The whole. When he went over and whispered in Biden's ear. Yeah, that was, that was funny. That was some good stuff, man.
- [64:01]
Jeff
Miguel, people complain about Trump terrorists because they don't understand how the economy works. Blame the education system. That's right. That's exactly spot on. They, they don't, they just don't get it. And they also don't get that Trump has been playing 3D chess while the rest of these people play. I don't know, they're, they're playing marbles. They're not playing the same. They're not on the same board.
- [64:26]
Chip
Tittly wings. Look at this right here. They changed, by the way. They just changed the opening buzzer for the stock exchange here. Ready? Here it goes.
- [64:42]
Jeff
Oh my God.
- [64:45]
Chip
Oh, that is some funny stuff. You gotta like that. Hey, something else. I saw that. I think for some reason I, I thought that this was interesting. Let me see. I think I have to share screen for this because. Yeah, we can't. There's no sound on it, but there was a. So the Houthis were gathered for instructions on an attack. Have you seen this yet, Jeff? The Houthis. The Hoot. Houthis. The Houthis.
- [65:09]
Jeff
I did see that one.
- [65:10]
Chip
Yeah. So let's see. Let me show you this right here. The Houthis were gathered. They were gathered. They were waiting for. Talking about an attack and then this happened. Jeff, let's show this here.
- [65:21]
Jeff
It looks like Everton just scored.
- [65:23]
Chip
So there they are right there. They're. They're gathered for, you know, talking about attack, how they're gonna sink some more ships. And then this broke out. Jeff, look at this. There they are. And. Well, they're. They're gone. My goodness. Just like that, evaporated. Holy cow. Boom. A big crater. I wanted to see more of the video at the end, but I think what you see is just like a crater.
- [65:46]
Jeff
That's all it is.
- [65:47]
Chip
I mean, that's pretty much all that there is, man. Look, it's just a crater. Look at that. My God. Holy cow. You look at the car, there's nothing. Dude, it's just, it's done, man.
- [66:00]
Jeff
No coming back from that one, that's.
- [66:02]
Chip
That's definitely going to leave a mark, Jeff. Without a doubt. That's gonna leave some sort of a. Some sort of a mark. And when we think about Jeff, we think about the. This is probably a good. Here's Stephen Miller on trade. He totally. And you already kind of explained this, but this is a sort of his attack, his touch.
- [66:23]
Jeff
And they're. And there's the comment right there. Chip. I watched a video of Trump 35 years ago on Oprah talking about how America is getting screwed with tariffs.
- [66:31]
Chip
She's a new people. He knows what he's doing. Look at this original sin of how.
- [66:35]
C
The modern economy in America is structured. The President talks about more than anything else. I guess, to Caroline's point, about the overall economic vision, the original sin was that we created a tax system that.
- [66:47]
Chip
Punished you for making something in America and rewarded you for making something in China or a foreign country.
- [66:53]
Jeff
So in other words, if you had.
- [66:54]
C
Your factory in America, you paid a.
- [66:55]
Chip
Sky high corporate tax rate, you were.
- [66:57]
C
Beaten to death with regulation, you had.
- [66:59]
Chip
Radically unaffordable energy prices, and Washington just.
- [67:02]
C
In every way, made your life miserable.
- [67:04]
Jeff
And the political class didn't do anything about it. They allowed it to happen. They sat by and watched it happen for decades.
- [67:10]
Chip
They actually wanted the opposite to happen. Especially if you look at the 90s, when we had NAFTA, we had the WTO, we had the entry of China into the WTO. The goal very clearly was to remove US tariff and trade barriers to make it easier for people to outsource to China. Because once we gave China what we call permanent normal trade relations, all of your manufacturers in the United States who are thinking in short terms in terms of quarterly earnings and that kind of thing, they said, listen, now I can go move my factory from Indiana or wherever. I can put it in China, I can put it in Mexico, and I know I will have shore access to the US Market. Today, President Trump is saying the best place to make American products and sell American products is here in America.
- [67:51]
Jeff
That's right.
- [67:53]
Chip
I mean, but you don't hear this kind of, like this kind of conversation happening. It's just Orange man bad overreacting. No matter. I mean, and what, what, in a sense, what's happened with the Democrats is they look like fools because they're, they're basically arguing for corruption, mismanagement of funds, because they're upset about it. Jeff. So how do you think somebody like, here's Schumer Talking about it 25 years ago, a very young Schumer, gentlemen, salute.
- [68:22]
Jeff
Him for his work on this rise.
- [68:23]
Chip
In support of the American 29 years ago.
- [68:25]
Jeff
First of all, Social Security card is used from one end of America to the other as an identification card right? Now, who are we kidding? If you want to pass a law and says it shouldn't be, I would ask the chairman and the distinguished minority member of the Social Security meeting the committee to pass that law. But let's, let's admit the truth, everywhere people go, they're asked for a Social Security card. In fact, one way to prove you're a bonafide person who can have a job is to ask for a driver's license and a Social Security card chip. You know, I just want to pause it there. I didn't mean to stop it completely. But you know, I find it really interesting. You, you look at the amount of absolute power that these people have. They've been in Washington way too long. So 1996, fast forward to now. Too many years in Congress, too many years of corruption. He's enriched himself. The guy is worth way too much money. But when he first went in, you know, you can look at the difference between then and now.
- [69:26]
Chip
Oh God.
- [69:26]
Jeff
Then he was in a normal state of mind. Now because of the amount of money that he's made, because of his political positioning now he doesn't want to relinquish it. Plus who knows what they have over him. But beyond that, it's just that the temptation of making millions of dollars through corrupted behavior. And so you, as if you fast forward to now. His, his tonality and the things he says are polar opposite of what he believed in then, you know, now he's self serving, you know, him and the rest of them. And it could be he can have a D after his name and R after his name. Doesn't matter. When they're there that long, they become corrupted. And we've seen it time and time again, you know, and so you look at that component of it, the new party. This is why conservative constitutionalism is so critical. And also having a barrier of term limit or a, a barrier to have no term limit, you know, I mean we have to have term limits there. You know, you can't allow this absolute corruption to take place for so long. Absolute power will always corrupt. Absolutely. And we've witnessed it, we've seen it, we know the outcome of it. And it doesn't matter who they are because they're all buddies at the end of the day. They are the D's and the R's, they'll do all this stuff and debate and negotiate, you know, and then they'll go out to dinner together, they go to the same parties together, they hang out with each other after the fact and it, and it's a good laugh, you know, but they, maybe they have difference of opinion. But now, you know, now they're all, they made so much money. You got to take the money out of politics. Don't allow these guys to make their millions. Put A cap on what they make. If they make 180000 guaranteed, those people won't be in office that long. You know, if you say you can't get anything else and you can't make money after the fact from your political positioning.
- [71:18]
Chip
Here's a young Nancy Pelosi. Let's hear what she has to say.
- [71:22]
Jeff
How far does China have to go? How much more repression, how big a trade deficit and loss of jobs for the American worker and how much more dangerous proliferation has to exist before members of this House of Representatives will say I will not endorse the status quo. As I mentioned, it's about jobs proliferation and human rights. And there are those who say we shouldn't link human rights and trade and proliferation and trade. I disagree. But if we just want to take up this issue on the basis of economics alone, indeed, China should not receive most favored nation status for several reasons that I'd like to go into now. I'd like to call the attention of our colleagues to this chart on the status quo that the business community is asking each and every one of you to each and every one.
- [72:14]
Chip
Sorry, Jeff, does that say tariffs? Oh my goodness, there's tariffs there. So the average U.S. tariff on Chinese product is 2%. This is from 1996, 29 years ago. The average Chinese tariff on the U.S. is 35%. Okay, Nancy Pelosi's going off about this. She's tying it back to human rights. She's talking about, you know, basically America getting ripped off. Right. She's this is the trade deficit was $34 billion in 1995, 29, you know, or 20, 30 years ago. She's talking about the Chinese jobs supported by the US terror US you know, 10. I mean this is such an imbalance. But what happened to these Dems, Jeff?
- [72:57]
Jeff
What happened to endorse today? Right now we have a $34 billion on the job times in the last serious of these transfers of technology are in the airline industry.
- [73:11]
Chip
So they wrote they were fighting for it back then. But because is it because Trump. I don't even think they believe it because they didn't bring up tariffs. But there's also a clip of Jean Pierre, whatever her name was, the former press secretary talking about tariffs. He did a whole thing on tariffs and China tariffs and this nut. Nobody lost their minds, nobody lost their. And nobody cared. But as soon as Trump does this thing and so the people that are crying the loudest, those are the people you want to avoid.
- [73:37]
Jeff
This is an anti fraud amendment all over. Where we go, people say, well, why can't you stop illegal immigrants or others from coming here? And the number one answer we give our constituents is when they come here, they can get jobs, get benefits against the law because of fraud. And here, the gentleman from Florida has put together the most effective anti fraud measure we can find without it changing the actions of the government one bit, and we find all this opposition. Ladies and gentlemen of this chamber, what I worry about is that this bill, which started out with good intentions, whether you agree with it or disagree with it, is going to end up being the same kind of thing that the public gets angry with us on. We say we're doing something and we do nothing. Because every time someone makes a rational and small proposal to get something done, people say, well, what about this hypothetical, that hypothetical, etc. I urge support of this amendment. If you believe you want to stop fraud in immigration, you have no choice but to support this amendment.
- [74:52]
Chip
And what did Those just uncover? 5 million Social Security numbers handed out to illegals. And who do you think that's going to trace back to? The D's going to be prosecutions? It's your, it's basic treason. So you're gonna, I don't know if you know what, what people, people. What happens to people with treason doesn't end well. It's not a good pleasant death, but this is what's happening. So you want to know why they're so worried about what Trump's doing? Because he knows where the, the dead bodies are buried. They listen, everything is set up for success. Gonna happen overnight. First of all, you're like, Cash Patel's not doing in the FBI. Well, first of all, he's got to root out all the corruption. He's got to get rid of all the people that are leaking stuff to the press and all kinds of garbage. The same with the Justice Department with Pam Bondi. They've got to make some changes. They've got to be able to right the ship first so the ship can sail, and then you're going to have a lot of this. But what's about to happen when I see President Trump after, when you see Elon Musk come out there and start accusing Elizabeth Warren, like, hey, how did she get so wealthy? How come she's worth $60 million? Hey, how come Maxine Water is worth this much money? Geez, I wonder why they became so rich. And then Trump, on the heels of that, chimes in and says, huh, I wonder who's getting the kickbacks. You know, if they're Asking, they already know. So it's just pushing them. It's just then you have Elizabeth Warren who's jumpy as hell. She's, she's on x 24 hours a day spewing garbage like they're going to take away your Social Security, they're going to take away all your benefits. The Republicans are trying to destroy education. They don't care about education. Well, out of the, all the education budgets, when they got rid of the, what was it called? This, this, the scam, the Department of Education, 80% of that was, was sent, was spent on infrastructure and for losers, you know, bureaucrats to run the system. And so by the time the money made it to the states, there was no money. Trump said, this is dumb. Let the states. And again, if you go back to the founder's vision, it was always supposed to be states rights, right? It was supposed to be states versus the whole nationalized thing. And so what happened is now all this money go gets distributed evenly. If you live in a blue state, you're going to get more garbage woke bs. And if you live in a red state like Florida or Texas, you're going to get an education system reflects the values of the US and you're going to be teaching kids about real history. They hardly learn about history anymore. And you're not going to be, you know, basically all this propaganda wokeism and people are losing their minds. Yeah, because you're no longer controlling everybody. You can control the people in the blue states. Same thing happened with abortion. Abortion was always legal in the states, the blue states. But then they started, we can't get an abortion. We can't. We go to a state where you can cross over. Go. I mean, what's the big deal? I mean the whole idea is let the states govern the way these states want to govern. If you don't like that state, move someplace else. Same with gay marriage. Half of the states had gay marriage. But why did you have to nationalize it? Well, let the states, you know, it should be states rights. States have the ability. It's what the founder's vision was that the national was supposed to only provide for the common defense, border control, you know, roads, that kind of stuff. That was pretty much it. And it's got so off the rails, Jeff. My God, I mean, we're at a point where there's so many, so much evidence of where the Democrats used to believe in stuff and you can see how twisted the party's become. There's nobody that can't get behind what, what schumer and Pelosi were saying there. I mean, they're. They're right. You're talking, you know, Schumer talking about the whole fraud of not being able to hand out Social Security and give benefits to illegals. And now that's what they've just done under the Biden administration. And now talking about the whole idea of tariffs and how we're getting screwed, though. So 30 years ago, it was a good message, but apparently now, Jeff, it's. It's a bad message. It's just insane. And then look at this nut job you have. Here's Gavin Newsom with his message. Trump's. And he is, if you guys don't know, he's the governor of California, represent all Americans. And Donald Trump's tariffs do not represent all Americans. And on behalf of 40 million Americans that live in the great states, California.
- [78:51]
Jeff
The tent pole of the US economy, 14% of the US GDP, the fifth.
- [78:56]
Chip
Largest economy in the world, the dominant manufacturing state in America.
- [79:01]
Jeff
Our state of mind is around supporting stable trading relationships around the globe. And that's why today I've directed my administration to look at new opportunities to expand trade and to remind our trading.
- [79:14]
Chip
Partners around the globe, hope, that California.
- [79:17]
Jeff
Remains a stable partner.
- [79:20]
Chip
Do you know what he just said there, Jeff? Nothing.
- [79:25]
Jeff
What did he say?
- [79:26]
Chip
He said nothing.
- [79:27]
Jeff
Anyone interpret it?
- [79:28]
Chip
He's. He's mad about the tariffs, right? Well, dude, I mean, which Trump is charging? 50 of the tariffs are being charged on us. But, like. And like, someone mentioned that the conversation he had with Oprah 35 years ago, he was complaining about tariffs. Trump's the same guy. He's always been. You go back 30 years, 40 years, 20 years, he's the same guy, right? Yeah, he was a Democrat back then, but he was still, you know, he was still on point talking about all this stuff. It's insane to me. I mean, the whole thing has just gotten so. And nobody points it out. Look at. Look at our pal John Kennedy. John Kennedy, the phenomenal senator. I wanted to show this to you, Jeff, because this guy's. He's always on point, and he always brings a little bit of wisdom to almost everything he does. Here he is right here.
- [80:09]
Jeff
Thank, Judge, that Mr. Musk and his team's efforts to control spending are the most important in the history of ever, certainly in my lifetime. My Democratic colleagues would prefer that we ask who needs to pay more in taxes. The American people want us to ask, ask what the hell happened to the money?
- [80:35]
Chip
Damn right, what happened to the money? Here he is again.
- [80:38]
Jeff
What I think America is rich. We buy a lot of stuff. President Trump is saying that if you American business, are you a foreign businesses want to sell in America, then move your business here and hire American workers. That's an audible goal and I support it. It'll work long term, but as you, you mentioned, in the long term we're dead. Short term matters and the truth is nobody knows what the impact of these tariffs are going to be. Bill, I listened to my friend on another network, Willie Geist, this morning predict raging inflation. Now, I know Mr. Geist is smart and well educated because he went to Vanderbilt, but that's just a wag. That's a wild ass guess. China has huge trade barriers. They don't have inflation, they've got deflation. India has, has a lot of trade barriers, they don't have raging inflation. We'll know more in the next couple of months. If, if you want a surefire investment, go book as many rooms as you can at the Hay Adams Hotel across from the White House because every foreign trade representative is going to be coming to America to meet with the Trump administration, try to negotiate. So it'll be three or four months before we know what the final tariffs are going to be.
- [82:03]
Chip
Go to the hotel across the White House because everyone's going to be going there to try to negotiate. You already saw, you know, Vietnam come out and say, hey, we want to negotiate. Trump's like, that's awesome, Great, thank you. You know, listen, people that don't make big bold decisions, don't try to change things for the better. Trump steps up for the American worker who was getting destroyed. You got people in factories losing their jobs here because we removed, we made it so difficult to do business here. And you know what, you know what really shown the big bright light on how what a bad scenario we're in. Jeff, when the pandemic happened, there were no masks. Like, not that I'm not a fan of masks, I thought they were the dumbest thing ever. But you couldn't get one here, right? You couldn't even get medical supplies here, Right? Because China basically made it. All China and other countries, not saying all China, but you couldn't even get it here. You couldn't get it shipped here. So we were left with our pants down because we had no, we didn't have access to medical supplies. We didn't have access to proper medications because they were all being shipped in. A big farm was making them overseas and they had to come in. And that's where you saw firsthand of you not, you know, and your donut, you know, analogy that you used earlier when you cut out that whole manufacturing piece, you don't control it anymore. You're just a reseller. You're a reseller of garbage and you have basically given up the farm because you don't, you don't have any control over anymore. What Trump's trying to do is bring this back. People can't understand that. They'll complain. And, and I got the lefties going. Oh, Trump collapsed. Stock market. Okay, great. Guess what? Great time to buy it. You don't like it. The stock market's never been the arbiter of what the economy is doing. And if you think about the economy, if you're going to tie everything in the stock market, it's so heavily manipulated, you don't think. Then you got Powell, he's talking about maybe I should increase rates. Powell doesn't want Trump to succeed. They're all lefty loon jobs over there. And also too, if you remember in the first administration, Trump kept hammering the Fed, kept exposing the Fed and all of a sudden they basically bent over because they didn't need any more bright lights shown on them. But I have a feeling the audit is coming. It will move through Congress. You will have an audit. But by the time the midterms show up, The Democrats have 18% support across the board, the lowest they've ever had. I just hope they keep doubling down on stupid because it seems to be working marvelous for Trump, not for them, but it seems to be doing wonders for them.
- [84:30]
Jeff
Yeah, they, they've definitely, you know, put themselves in a predicament, you know, and that's, and that's the brilliant part about it, is that we're going to see kind of, we've witnessed their downfall, you know, and the other part of it is that the rhino movement is, is fighting back. We're witnessing their collapse, we're witnessing the collapse of the far left. That's why they're coming out violently now. Why do you think they're bringing out their foot soldiers once again? You know, the quote unquote antifa type people, you know, they're, Officer Tatum had had an event that they went and they were up against these people and they came and attacked them, attacked the Officer Tatum people that were holding an event. And these people were all just super limp wristed, you know, but they were attacking, destroying property and they were coming as a group. Right. Because the group mob mentality doesn't matter if they're limp wristed or not. You know, but they, they're just weak individuals. On a. One on one, they would be de. Destroyed, you know, instantly. But as they come with a group, they think, you know, power in numbers. But, you know, one of us could probably take out five of them instantly, you know, but the problem is, is that an Officer Tatum said it yesterday on his show that, you know, the police, and this is all in California, did nothing to prevent what was happening. They just stood there and he said, what's going to happen next? Are they going to bring knives? Are they going to bring guns? Like, what's going to happen? Because we're already seeing them burning Tesla vehicles on a broad scale. They're defacing the, the places of business, they're destroying people's vehicles, they're coming out, they'll attack the individuals. Their mindset is so corrupted and upside down. These people are the enemy of this state and they've, and they've been bred and brainwashed through our school system. Hence, you know, the undoing of this demented Department of Education from Washington that has corrupted the minds of the youth. Right. And so here we are when we go online and we try to consume as much information as we possibly can. And you said earlier, like the difference between chat GPT and grok, you know, with chat GPT, we know we can go on there without this, you know, kind of libtard mentality of corrupted information, which on chat GPT, you know, you don't know if the, you know, the, the information there is only as good as the people that plugged it in and they gave it a leftist slant. Even though I think, Chip, some of that is changing as well, you know, because of the change in policy. But this is where we have to get way beyond it. You know, this is, you know, it's time to make a stand. And it kind of goes all the way back to the first thing we talked about, which is what Ripple is doing and being able to use the blockchain to start helping other countries and seeing it through transparent mechanism. We need the exact same thing in this country to where we can transparently help individuals in this country, not through direct handout, because that doesn't help anybody. Right. The whole adage, right, if you teach a man to fish, he's going to fish for a lifetime. But if you give him a fish, he's only going to eat for that one day. We can't continue to feed people for the one day. We can help them, give them the tools that are going to be necessary so they can lift Themselves up by their own bootstraps. And that's what's critical. Sometimes people fall down. That is what our welfare state was originally meant for. It was to help women back in, during World War II that were needing assistance because the men were all being shipped overseas. And then they all of a sudden decided, hey, you know what, this is a great long term strategy of controlling the populace. So we don't want people to be on, you know, long term assistance. We want to be able to provide that support when it's needed because people do stumble and fall down. And we want to make sure from a societal perspective, let's get everyone back into productive state. And that. And that's what's really important. And just kind of a final note and this is something that Osman brought up and this is why we want the production. We want the majority of members of society to be productive. We don't want them demoralized and told by the Democrat liberal education system that certain groups of people aren't smart enough to do for themselves because it's all right, it's all through racial division and societal division that they put these certain ideas into people's brains. But here, what Osman is saying, I'm not sure if those companies bring their factories back to the US this talking about when we start, you know, through the tariff, we want stuff made here. There's not enough people willing to work. And I it's not the minimum wage, it's that we need to start getting people who are willing to work. There's a lot of people that are not working that are on government assistance right now. If we go to Governor Angler in the state of Michigan, when he was governor, he had a work for welfare program. You want support from the government, Guess what? You have to. Either you have to be actively looking for work. I'll take it to another level. You want assistance through the government, you have to work. There's no more. You're getting assistance for free. Screw that. If you're disabled, not able to work, that's different. But when you're able bodied and you can work and you want the assistance, that's where you're going to work in these factories that are they going to provide minimum wage? I don't know. You're getting government assistance sitting on your ass doing absolutely nothing. Guess what? You want a dime out of the government, you're working and that's it, you know, and if we have to balance things out a little bit to help the corporate, you know, development from this perspective, to bring production back into this country. Short term, not long term. The thing is, is that through AI and robotic development, a lot of those minimum wage jobs and factories aren't needed anymore. But there's still need for that human element to help move the product and make sure that the facilities are operating. That means that there has to be a re education program. That also means that individuals that when they're in high school they need to learn trades. We have to bring back the trade. And trade might be plumbing, might be construction, might be electric, it might be automotive repair, it might be computer repair, it may be I AI understanding how to code, you know, AI how to code robotics. Why not start bringing actual to all segments and not everybody's going to fit every category. Let them fake, you know, they'll figure it out. But bring it back to the high school and then let's take it to a whole nother level and start allowing, you know, the high school, the businesses to start recruiting high school kids for summer programs to get interns. Whether it's out in the field again as a construction, electric, plumbing, automotive programming. Allow some sort of a program so that kids can start getting skill set instead of just doing absolutely nothing. Same thing goes for college. College is useless if the kids that are in college aren't learning actual real world situations in real world environment. Not getting their garbage out of books from people that probably never worked a day in their life. So propaganda though, it'd be important.
- [91:49]
Chip
That's important. They get important propaganda. What you don't realize about that, about talking about minimum wage? No, I mean first of all, five, four trillion dollars is coming back to the US in investment, right? In the last next year and a half, two years, you'll see the investment. But also the reason it went overseas, you saw that earlier segment, was because of the regulation was crippling them and the taxes were crippling them. So they could send it over there, bring it back for nothing, ship it and get it back here. And it was a lot less money. So that's why they did it. So regulation is part of it. Cutting regulation and taxes, giving tax breaks as well. That's where you're going to be able to pay, you know, you're not going to be paying minimum wage for this. Here's a guy talking about Trump. This is a guy's take on Trump right here. This is pretty good.
- [92:30]
C
Think of Trump, his economic plan makes complete sense. The US has 36 trillion in debt. In 2025, they will spend 6 trillion but will only collect 4 trillion in revenue. So they need to borrow 2 trillion and this will increase their debt to 38 trillion. Trump economic plan is based on three levers. Number one, cut expenses by 1 trillion, which is Doge Elon Musk. He's targeting waste and fraud like Social Security payments for people who are 150 years old. That is just fraud. Two, increasing revenue by 1 to 2 trillion through number one, tariffs. They will increase tariffs from 50 billion to 500 billion. Target people will say. But other countries will retaliate. They will not be able to do it. The US is the biggest customer on earth. They consume 20 trillion every year. They are the biggest importer. They import 3 trillion every year. Plus the current tariffs is actually not fair. Why should US cars entering Europe faces 10% tariffs while the European cars entering the US just pay 2.2.5%. It's not fair. And because of the tariff changes, it now makes economic sense to build factories and businesses inside the US again. That means more jobs, means tax paying businesses and more foreign investment coming in. He will also increase revenue by deregulation. He will remove unnecessary regulations and rules making it easier to do business so business can grow faster, generate more tax revenues. He also makes this gold card which is offering lifetime US residency for 5 million. I think at least 1 or 2 million individuals globally can afford it. So if just 10% of them, if just 100,000 people buy this card, that's 1 trillion in incremental revenue. The third lever is he will reduce taxes. If he successfully cut 1 trillion in waste and expenses and add 1 to 2 trillion in revenue, the US will have a surplus. They will have more money than they want. So he will cut taxes for individuals. Anyone gaining more than 150k, he will make them pay zero taxes. And on corporate taxes he will go down from the current 21% to 15% compared to the European average of 22%. France averages 25, I think and Germany is 30. So at 15% corporate tax, the US will become one of the most business attractive countries on earth. Bottom line, this is exactly how government should be run efficiently. Because when you eliminate waste, the money can actually go where it is actually needed. To the elderly, to the sick, to people who, who cannot work. And that is the real purpose of government, to protect the weak. Very few countries have the political will to do it. It takes leaders with backbone, charisma and clarity of vision. Do you have leaders in your country pushing for real reform or are they talking about non relevant side topics? And let me know if you think Trump plan is bad. Let Me know why? Because I think it is just common sense.
- [95:23]
Chip
Brilliant.
- [95:24]
Jeff
Jeff, man, that guy, that guy is smart. He broke it down so well. You know, it's people that come to this country from other countries. I don't even know he's in this country. Maybe he's outside the country just talking about it. But people understand, people get it. You know, he's obviously educated in the technique of business and understands finance and economics. Then you have all these dummies out there that are standing on street corners that know nothing. You know, I just want to reference here with Osman also. He said the reason I question is because I know from UK that people are made lazy. So instead of working they go to pubs and get benefits from the government. Is US ready for a big workload placement? I say yes, Americans are different. They tried the UK system. This is why the Democrats are now out of office. This is why the Democrats try to introduce systems and, and policies like they did in the UK and you're right, the UK policies made people inherently lazy. People in Europe are inherently lazy compared to the U.S. you know, and then if you go to other countries like let's say Japan, they work at a whole different scale as well. But in the US People, they don't have a work life balance like in, in Europe. In Europe they favor their vacations more than they do product productivity, you know, and so they give people automatically like eight, eight weeks of vacation. I don't know, they take the whole summer off. It's amazing to me. Are people more satisfied, happier? I don't know. You know, the cost of your housing and, and, and cost of goods is significantly higher due to high taxation. But we can't really compare the European culture to the U. S Culture. The US Is just built different, you know, and so people here are sustained based on the productivity of the individual. The individual has to go out and you have the ability to accomplish anything from zero to whatever. It's an unlimited category. What you can do if you decide you want to go and start a painting business tomorrow and you're talented in painting, you don't, you know, you can start a painting business, you know, but people are not as inherently lazy as they are in the UK and you, you kind of hit it right on the head that the UK incentivizes people right out of high school to be lazy. Why? Because they pay them and they put them on the dole. So if you put people on the dole and you start paying them right out of high school, how do you incentivize people to go get a job and work. There's no incent incentive. So that's why they'd rather go to the pub and live off government benefit. Because it. You're paying, giving them too much. Just enough to exist. They've done that experiment here. You see it in the projects and in, in poor communities, white, black, Hispanic, whatever it is, where the government gives handouts and allows them to be. Become kind of dependent on those government handouts because it's not enough to really live well, but it's just enough to survive and exist. And when they talk about poverty in this country versus poverty in other countries, if you've ever gone to India and you've seen poverty on the streets of India, which is beyond anything you could ever imagine up and then you come over here and. And you see poverty. And these people are living indoors with indoor plumbing. They've got color TVs, they have food in. In their refrigerant. They're not living well. Not saying that, but the poverty level is drastically different, you know, from one country to the next. But we don't want people to become subservient and reliant on government handouts. But I think that when you institute certain policy, just like Governor Angler did in Washington where it required people if you wanted government assistance, you have to be actively looking for a job. And that terminal, and that term is cut off. There's only a certain period of time to where you can continue to get. At least it was. Now it's different with the, the, you know, liberal fascists that are controlling Michigan now. But, you know, but the thing is, is that that's, that's the differentiator. And again, there's lots of people in this country that want to work and should work, and you'd have to get them back into that, that mindset. And you go around the world. Haitian poverty. Think about the corruptive nature within the Haitian community. It's so corrupted, you know, and you go around the country, around the world, and there's so many places just like that that the poverty is there because of the corrupted nature of those who control the country. You know, and so there's. There's a lot. So let's, let's get this ready. Chip, let me. Yeah, I know. Yeah, we gotta go. I gotta go. Got places to be. Let's run this commercial and then do the drawing. So maybe we'll get the 30 just based on this commercial. Chip.
- [100:13]
Chip
Let's go.
- [100:13]
Jeff
Let's go win a badass yeti from Blue Trimester, what's the word of the day? Yeti, get your saw and wallet ready because this one's gonna be get ready to claim your own legendary blue tribe.
- [100:33]
Chip
Yeti of the clan spirit walkers.
- [100:40]
Jeff
His name is golden.
- [100:43]
Chip
I'll see go.
- [100:48]
Jeff
On the chain with the badass yet.
- [101:01]
Chip
There you go. And we got 25 in the drawing. Here we go.
- [101:05]
Jeff
Let's do it.
- [101:07]
Chip
Ooh, blue tribe. Nice blue trap.
- [101:11]
Jeff
No, I've never seen a blue tribe before.
- [101:13]
Chip
How about this? Mentalact. Mentalact. Should have a mental list to go with the mental act. Name there mental act. And you need a mentalist. A blue tribe. So I hope you entered this drawing and maybe you'll win the blue tribe. Mentalist. Let's go. Ready? Let's draw it. Let's see who's gonna win. Tickety, tickety talk. Who's gonna win. Tick, tick, tick, tick, tick, tick, tick, tick. Boom. Charles a repeat winner. Charles wins tomorello. You can't say it's rigged, Charles. You cannot say it's rigged. Didn't Charles just win last week?
- [101:49]
Jeff
I think so.
- [101:50]
Chip
Damn, son. There you go. You got a blue tribe coming to you. There you go. So well rigged. Who's the other person that's won more than anybody else? But at least he's given away his though. I would say rig. It's always rigged. Listen, if you don't win, it's Rick too. Yeah, well, you can't claim. You can't complain it's rigged. But. But Mike says congratulations, as does who else did. Osmond says, well done.
- [102:22]
Jeff
When did Charles win last? It's been a while. It was two Times ago. Okay, March 29 was his last win.
- [102:28]
Chip
Well, that was two weeks.
- [102:30]
Jeff
But then he also won on the. On March 22nd.
- [102:34]
Chip
Damn.
- [102:34]
Jeff
Those are two. Those are only his only two. So this is. He'll complete the trifecta. And. And then he's get. Gets the perfect hat trick on the wins. And now it's time to. And then we'll see who wins tomorrow night. But is Charles here?
- [102:49]
Chip
I don't see him chiming in there. Dude, better see you're here quickly.
- [102:53]
Jeff
Otherwise we are moving 4:58.
- [102:57]
Chip
I don't see Charles saying, oh, there he is. So he's got his wallet address. Done.
- [103:01]
Jeff
All right, let's go. All right, Charles, does it start with rg and end with hvv HVV correct.
- [103:09]
Chip
Starts with rg and ends with hvv correct.
- [103:12]
Jeff
Perfect. All right, let's do this.
- [103:15]
Chip
Charles does need a blue wrench at this point.
- [103:17]
Jeff
I Think so too. That'll be the. With the trifecta. Win gets a blue wrench.
- [103:23]
Chip
Black tribe is a ways off. We gotta do the. The chimps first. So. But anyway, while Jeff, while you're doing this, while you're giving him handing it over, I wanted to show you this. Some guy went into a crowd with the. With the finder, and look what he found.
- [103:38]
C
Think of Trump. He's.
- [103:40]
Chip
There you go. What's going off left and right? Oh, my God.
- [103:45]
Jeff
Don't touch people.
- [103:46]
Chip
Come on.
- [103:46]
Jeff
Keep your hands yourself up. Keep your hands. They're so. Why you always go to violence and keep the Teslas and throwing Molotov cocktails? Why do you always have to get violent?
- [103:57]
Chip
So people that are on the podcast, it's basically people protesting against Elon Musk. Make Maga go away. Make Elon go away. And so this guy's got one of those scanners and it says finder on it, and you can hear it's buzzing as he's wiping it around.
- [104:14]
Jeff
Peaceful protest.
- [104:15]
Chip
Peaceful.
- [104:16]
Jeff
Peaceful protest.
- [104:18]
Chip
The finder is going off, Jeff.
- [104:20]
Jeff
Peaceful protest. Peaceful protest.
- [104:25]
Chip
Not myself.
- [104:27]
Jeff
Crazy. Oh, my God. What's wrong with these people?
- [104:33]
Chip
There's a lot of mental. Mental illness is the first problem. Look at the finders going crazy. Holy cow, Jeff, you're a Nazi. The best part is all the. All of the. The. The vehicles are. The facing are probably all liberals because they. That was back when they loved them. And he was awesome. Matt says. I'm surprised he didn't blow up from overloading. Charles. Got it. Thank you. Awesome, dude.
- [105:03]
Jeff
Awesome.
- [105:04]
Chip
Well, Charles, what are you gonna replace your. Your avatar there? You've won three of them already. Let's go, baby. Does she have a green card? Well, that's all the time we have, guys. We will be departing here. We did an hour and 45 minutes. Holy crap. That's quite. Thank you for sticking with us. Appreciate everybody there. They're eating their own. I love it. Mike, Mike, Mike, Mike, Mike, Mike. I love it. Mike, Mike, Mike. All right, let's do this, guys. Let's get out of here. We are gonna go. Oh, boom. Charles throws out the big support right there. Boom with the support. Thank you, man. Appreciate it, Charles. Thank you very much. And thank you. If you want to support too, you guys can go over to XRP Cafe. Searching badass yetis. You can go ahead and get your own badass yeti if you want to buy one. You want to take a look? Thank you, brothers. Appreciate it. Tops. Mark, gents. Beautiful. Iconic white people calling other Nazis Come on, man. Come on, man. Meanwhile, I like the video going around all the Democrats doing the Nazi salute. Oh, no, that wasn't a Nazi salute. No, no. Yeah. You know, apparently protecting, you know, people against fraud. That's bad. Because what they've done is they've cut out the funding mechanism for all these protesters when that money goes away. That there was all this USA Aid and all this other stuff was being funneled to NGOs, which got funneled back into judge races and all this. I mean, funneling all this stuff. Well, that's all cut off. So they're cut off at the knees. The funding's going away. You see all these people, they track cell phone moments. They move from RAM rally to another. They're acting like it's grassroots and it's all Astroturf paid nonsense.
- [106:41]
Jeff
Mad. I'm so upset that he lost. He had to go buy a Blue Tribe. Thank you for that.
- [106:47]
Chip
You're always. You're always supporting. You've always supported a lot at S. Yetis, so appreciate that.
- [106:53]
Jeff
That's awesome.
- [106:54]
Chip
Boom. We got the Howard Dean boom.
- [106:56]
Jeff
Appreciate it.
- [106:57]
Chip
Where's that Howard Dean Boom. We got that. Boom. Where's that Howard Dean boom? There it is. There it is. Boom. Okay, there we go. We played them all. Let's get out of here. Guys. We. I mean it, guys. We'll see you tomorrow night. See you on the next one, Chip and Jeff. Oh, see you next time.
- [107:23]
Jeff
Are you down with otc? Please like, subscribe and click the bell.
- [107:29]
Chip
To be notified when the next video drops.