← On The Chain - Blockchain and Cryptocurrency News + Opinion
On The Chain - Blockchain and Cryptocurrency News + Opinion
XRP | JP Morgan Called Crypto a Scam…Debanked Trump | Trump Sues for $6 Billion
01:07:01
Loading summary
Transcript263 lines
- [00:01]
A
Welcome to on the Chain. This is Jeff here with co host Chip. Tonight, something monumental just broke in the world of finance, and it impacts every single person who's ever believed in decentralized money. Crypto, xrp, bitcoin, all those digital assets out there. JP Morgan, the biggest bank in the United States, literally called one of the biggest banks, literally called crypto a scam. For years, we saw it, we saw Jay, we saw Jamie Dimon do that. But now, after being dragged into a lawsuit, there's a pending lawsuit here by Trump suing them. Why? Because they debanked them. And we're going to get into that. But they've quietly also flipped and admitting something they've never wanted to put into writing.
- [00:48]
B
Yeah, we're talking about debanking, Jeff, and this was happening all the time. But we were told we were conspiracy theorists. It never happened. Oh, no, nobody got debanked. If you remember Brad Garlinghouse famously saying that he was debanked. A lot of prominent people in crypto were debanked. This is what happens when a bank closes your account or refuses to serve you without any explanation. And a lot of it had to do with either your politics or the fact that you were in blockchain. And it just exploded into the national spotlight. Trump is suing J.P. morgan and CEO Jamie Dimon for 5 billion, claiming the bank shut down his accounts January 6, 2021. And in the process, J.P. morgan has acknowledged in court filings that they did, in fact, close the account. Conspiracy theory, no more. That's huge, Jeff. I mean, that's real. That's a concession that, like you said, they'd really never intended to make.
- [01:41]
A
It's really amazing when we're starting to see all the conspiracies turn to reality, you know, and the one thing that we're seeing from the big institutions, right, the big. The big banks, everything that they had accused Trump of doing. And here we go. Things are getting real. And here's the kicker. This isn't. This just isn't about Trump. There's so much more to it. This goes straight to the heart of the entire financial system. And, you know, crypto wasn't really built to replace the financial system, but it's getting to the heart of crypto. The expansion of crypto, blockchain, the financial institutions. It's really getting to the base of all of that. XRP holders have been saying for years that central banks and mega banks can't be trusted with power. And what we're seeing right here, those central banks really digging in a little bit too deep. And Jamie Dimon, not a central bank, but a mega bank. And we're seeing what happened when they debanked Trump and many others. You brought up Brad Garlinghouse chip, and there's many that have experienced that debanking. And now the banks are proving that actually everything that everyone's been talking about is actually right. This is, this is kind of a crazy time.
- [02:55]
B
So tonight, what we're going to do is we're going to break it down. We're going to break it down like we usually do. How the lawsuit could actually validate crypto more than any CEO statement ever could. And why the banking elite, especially when are panicking, especially when it comes to what's happening with the SAVE act, they are in big time panic mode and they're telling us everything we always thought we knew. What does that mean? What's next? Not just for xrp, but for the entire game.
- [03:20]
A
Right. Buckle up. Because they called it a scam. Now they're flipping the narrative and we're getting ready to start. Ready to kick this thing off.
- [03:28]
B
Let's go. Welcome to on the Chain. Oh, oh, oh, oh. Guys, where are we coming in from tonight? Tonight we're going to start off with this. Congratulations. Usa. What?
- [03:44]
A
Usa.
- [03:47]
B
Early Today. Now, people that aren't from USA are probably going to be sick of all the winning going on here. They're sick. They don't think President Trump has any influence in the world. And, you know, but that's true when it comes to governments. Governments are not happy about it, but the people are here, here every single day. And, or I see videos on it anyway. But Cincinnati's in the house. So one of the cool things that, you know, know, it's funny, Jeff and I were texting back and forth today during the game and you know, Canada played a great game. They, they're just a great, they dominated. And yet, Jeff, why do you think that the US Pulled it off, Man?
- [04:25]
A
I think it had to do with determination, the passion, the winning attitude. Not to say that Canadians didn't want to win. You know, they were shooting goal after goal after goal. But to come back when you were being pressed and you have, you know, 40 plus shots on goal when you're sitting around 20 and you still have that motivation to drive to win. And it really, we saw it all, you know, at the end when Hughes was interviewed and he said he's proud to be there, proud to represent America, proud to be an American. There was, it was the passion and, and that was super meaningful. It's all about the win and the winning. And we got a winning attitude right now here in the US and there's kind of a dearth of that in other countries.
- [05:10]
B
Yeah, well, it's starting to spread like wildfire. Anytime you have something that works and it starts showing and the elites are, you know, the whole idea of this. What's really held up the Save act is the banking cartel, who really largely fund the Democrats, but let's be honest, they fund the Republicans too. And that's where they get a lot of the money from. They don't want you to earn Yield on your RL USD 6 to 8, 10%. They don't want that because then you're not going to have your. You're not going to keep your money in their banks. Well, that's only part of it. If they were gonna. If they realized that if they don't jump in a blockchain. I see Jamie diamond is come around. He came to the point of where he said if one of his kids had bitcoin, because I think at one time they were working on the company that fight be fired anybody that's using bitcoin. Meanwhile, they're purchasing bitcoin in the back end. So you really can't trust the banker as far as you can throw them sometimes. They're not all corrupt, but many of them are always playing games. That's why they, if you deposit money on Friday night, you can't have it till Monday morning while they're making money on billions of dollars they're holding.
- [06:13]
A
So that's right now, Mark, do we, do we want to claim all of Canada as the fifth state or just Alberta? I think that's, that's the, that's yet to be decided here, but I think we're, we're good with just Alberta. That, that'd be a nice 51st state and that would make the rest of that country suffer exponentially.
- [06:34]
B
Though we saw. Yeah, that was. Jeff and I were talking about the Michigan players. Six of the players, says Mark Smithson, come from 30 minutes where I'm sitting, including Holly Connor Hollaback, who was amazing and the reason they really won. You could say a lot of things, but if it was having a goaltender that's a, a wall. I mean that shot when he, that what he blocked, when he like just know, got a stick over and it deflected it away from the goal, that was it. That could have been like the winning goal. Right. I mean it was just an incredible breakaway that he saved it Was insane.
- [07:07]
A
Plus, he was getting smacked in the face with a high stick. Bloodied, you know, tooth broken.
- [07:14]
B
Oh, that. That. That was. Yeah, that was. That was. It was. That was Hughes that scored the winning goal. He's got that teeth. Tooth knocked out many times. Like he. You know, that's why I like one. I like one of the hockey podcasts called. The name of. It's called Spit and Chiclets because they always call those chickless little teeth.
- [07:32]
A
And that's 85 of the players, I think, have missing.
- [07:35]
B
They're all missing teeth. They're all been redone. They're all fake teeth. I mean, you know, you hit the eyes pretty hard and boom, that those teeth are coming out, man. That's just how it works, man.
- [07:43]
A
Use a young guy, too. He's 24.
- [07:46]
B
He's 24. And I don't think you're gonna have anything except another gold medal. That will. Absolutely. Now, what was interesting about this game, too, Jeff, is it was six years to the day, to the day that the Miracle on Ice happened, and that was in 1980, when the United States team defeated Russia. Back then was a big deal because they were. They were not professionals. They were. They had to be amateur players. And so there was a team. And I remember watching the game. I was really into hockey growing up. I was really young when it happened, but I do remember watching it. I loved. You know, I loved hockey. And I remember watching the game. I don't know who the new players were. I was like. I was watching the Olympics the whole time. But that game, I remember everybody was watching that freaking game. If you were alive then you were watching that game, and you were even more disbelieved to see that they won, because honestly, the. It was another scenario where you had. The Soviets were just a better, stronger, quicker, everything above the same as Canada today. Canada dominated the game. They were absolutely phenomenal. Dominating. The stick handling was insane. I saw a lot of some sloppiness on the US Side where they were just, like, letting passes go by and missed passes. And how about that one? Little sluggish, crossed into the center. There was a lot of stuff that was just, you know, it wasn't that great, but it. What a. It was. It was just amazing. I caught me by surprise that. That. I mean, because you. Hughes, he, like, lifted it over. He got it through, went to the side wide open. Boom. That was amazing, man. I mean. And, like, when it went in, I didn't think it went in. I was like, did that go? You know, because I don't think they have the light like they do in hl. Do they didn't?
- [09:28]
A
No, I didn't see it because I
- [09:29]
B
always look for the light. So sometimes you can't see. Right. It was like. And even when I saw the replay, I was like, did it go in? I'm like, where is it? Like, it happened so fast.
- [09:36]
A
It went through his legs and it was 41 seconds. 41 seconds.
- [09:40]
B
It was a minute 41, wasn't it? Minute 41.
- [09:43]
A
41. 41 seconds.
- [09:44]
B
Was it 41?
- [09:45]
A
Yeah, it was fast. It was real fast.
- [09:48]
B
Well, listen, they had a heartbreak last year when they lost to the Canadian. They beat them during the regular. Was. It was. What was that called? The what? I forget what cup it was, but it wasn't on the national stage. But it was so great.
- [10:02]
A
It was just awesome to watch. Man, they're so fired up. They had a big watch party, I guess, at the Elbow room over on A1A in Los Alas. We didn't go there. I was watching from home. But, yeah, people are celebrating. It was. It was just outstanding.
- [10:19]
B
Did you notice that? Did you notice that when they were showing, they had, like, panels of different places that were watching the game? Every time there was a goal or something, the people in the top left were just sitting there staring. I was like, does anybody know? Can tell someone. Tell them the hockey games on the gold for the. For gold. Like, every time I watched it, I was like, they're just. And even when they won, like when Hughes hit the gold, I was watching and I was like, yeah, I'm not a fan of 3 on 3, though, man. I just.
- [10:44]
A
How crazy was that, though?
- [10:45]
B
I don't like it.
- [10:46]
A
It's really three on three. It was. It was kind of an unusual.
- [10:49]
B
Well, it's great because you're going to get a lot of. You're gonna get some open, you know, and sudden death. Yeah, there's a lot of space on that ice. You know, that ice is. I think it's two feet shorter than an NHL professional. So it's a little bit shorter. Not that you would really know, but there's something. Man, that first period was insane. I was like the, you know, they. They came out just striking and, you know, it's just go. It's kind of just indicative of what's going on everywhere. Yeah. Johnny Godot, it was amazing tribute where they brought us those twins, the kids. They look about the same age. Yeah, Yeah, A little boy and little girl. They said they had him on the lap with the Team pitcher holding up the jersey, parading around because he got taken out by a drunk driver. Was a 24 or 25, I think, brother, too. They're both riding bikes and a drunk driver hit him, man. You know, that's why I say if you're gonna ride a bike, motorcycle, you know, you don't have a shot. There's no fender benders. You know, who knows he'd still been alive. Again, a drunk driver hit him, killed them both. And, you know, he's got, y'. All. He had super young kids. The kids are maybe two, three years old. Yeah. So it's pretty sad, but it was great to see that kind of camaraderie go around. But, yeah, a lot of it was just an amazing day. Set the tone for the whole day. You know, USA wins. You feel like you're undefeated, like you can't do anything wrong that day. It was great. And look at that.
- [12:12]
A
Canada across the board, they lose Women's hockey, men's hockey.
- [12:16]
B
I know.
- [12:17]
A
They can't win a Stanley Cup. What's going on? What's going on with Canada and hockey? Well, come on, Canada.
- [12:23]
B
You go woke, you go broke, you lose. That's kind of how it works, Jeff. You kind of like, he's just not a lot going on there. It's just either win or you don't win. And that's just how it works a little bit. Jamie Dimon here. We'll go into some crypto news. We'll get back on to the hockey stuff. We got some stuff to show you a little bit later, but let's take a look at this right here. This is Jamie Dimon talking about Maria. Barcelona chain is real. It's been around for quite a while, but now it's becoming more effective, more efficient, because people are finding ways to do it faster and cheaper. Permissioned or not permissioned. Smart contracts, I think will probably be real. Yeah, thanks, Jamie.
- [13:02]
A
We know that it's probably going to be real. Well, it already exists.
- [13:07]
B
Well, he's like. He's like, it's. It's real. It's quicker. It's like, yeah, well, thanks for waking up and, you know, thanks for waking up out of your coma, loser.
- [13:17]
A
It'll never work. It's a scam.
- [13:21]
B
It'll never work, Jeff. It's probably not. It's probably nothing, right? It's just stupid. It's probably not going to do anything.
- [13:28]
A
I was woken up and see what happens. And those guys are making a lot of mistakes, though, man. Trump. Trump's now suing JP Morgan, Jamie Dimon, for what, 5, 6 billion? Then he's going after. What's her name
- [13:47]
B
right there. Look at this. Disclosure is made. And I'm in a five billion dollar lawsuit. So this is what happens. You have discovery and the. So there it is right there. $5 billion. And then this is the article right here. Documents confirmed JP Morgan closed Trump's bank account. But you remember they were saying, oh, it's a conspiracy, it didn't happen. And then, well, the Trump kids, I mean, the whole Trump family. But there's been tons of prominent people. I think a lot of. I think some, you know, some of the. Who was. Who's the guy from Kraken? I think his account was closed. He publicly talked about it. Brad Garlinghouse, you know, not. Not as a crypto. Yeah, a lot of people that were like, in crypto and even like influencers that were in crypto, they got just no explanation. Just, you're close. Like, a lot of times, remember, people ran, they try to move money from their bank account to a exchange. They were unable to, like, I'm sorry, who are you? It's my money, you know. What are you talking about? So this whole idea, you know, it says right here, President Trump maintained for years that his bank closures were politically motivated. Well, why else would you close them?
- [14:51]
A
Right? Exactly.
- [14:55]
B
It's the largest bank in the United States. Didn't specify a reason when it sent them the letters in February 19. One of the letters said, the bank has the right to decide for that. A client's interests are no longer served by a relationship. Oh, do they? Trump maintained for years his bank account closure. Politically motivated. JP Morgan admitted to unlawfully and intentionally debanking President Trump, his family, his businesses. What a. What a hassle. Like, you like. And a lot of times, too, they'll. They close it and you're like, where's the money? Oh, we'll send you a check in 10 days, you know, or something like that. Well, now you're in panic, though, because now you got to find a new bank.
- [15:35]
A
Right?
- [15:37]
B
This is ridiculous. JP Morgan told the Epic Times last month that the case has no merit. Now they're admitting today that they did to close the account. JP Morgan does not close accounts for political or religious reasons. They previously said, we do close accounts because they create legal or regulatory risk for the company. Well, where's the regulatory risk there?
- [16:00]
A
And they regret it now. They regret doing it, but it's too late.
- [16:05]
B
Well, I remember when. And I remember when John Deaton brought up in his debate with Senator Warren that he had talked a little bit about the whole idea about, you know what, Remember, they were running, they had a drug running boat. They're running cocaine by. We're using a boat that was owned by JP Morgan. They paid a fine. That's right. So much money, they don't care. They pay a fight and it's over. Really. So Trump's attorneys alleged in court documents JP Morgan closed it because of his woke. His. Wait, wait, what does it say? Close? The woke beliefs that it needed to distance itself. That's talking about J.P. morgan. In essence, J.P. morgan debanked plaintiffs accounts because it believed the political tide at the moment favored doing so. So, yeah, so there you go.
- [16:54]
A
Here's whose crypto banks are for storing liabilities, not assets. Especially US Banks.
- [17:00]
B
Yo. All banks. All banks. Even the banks over there in the uk, all of them.
- [17:11]
A
It's really good to see. I mean, I'm, I'm glad to see, you know, across the board, you know, Trump is, is getting vindicated, but so is everybody else. You know, the community at large, supporters, the US Just, everything is being set back on track the way it was meant to be. We were thrown off course. And, you know, I feel like, you know, a number of years ago we weren't just thrown off course, but we're like knocked into this parallel universe. And this parallel universe is just, you know, all, all these, you know, nut jobs, you know, kind of in the parallel. And now we're moving back into the universe that we all started in and things are starting to normalize again, including the victory that we had today over Canada was obviously really great. Two to one victory.
- [17:59]
B
Let's keep way to pull that back up.
- [18:02]
A
How did you bring that in?
- [18:03]
B
I love how you worked it in. Do you remember? Well, I thought this was appropriate. Somebody put a mash up together. I thought this was so perfect. Look at. So it's, it's the hockey poster of the USA team with Trump gonna win so much. You may even get tired of winning.
- [18:21]
C
And you'll say, please, please, it's too much winning.
- [18:25]
B
We can't take it anymore. I'm not.
- [18:26]
C
Mr. President.
- [18:27]
B
President. It's too much.
- [18:28]
C
And I'll say, no, it isn't. We have to keep winning.
- [18:32]
B
We have to win more. We're going to win more. We're going to win. What?
- [18:38]
A
You're gonna get sick of winning.
- [18:40]
B
I don't know who did that, but man, God bless me, that's the best thing I've ever seen. So many.
- [18:44]
A
There's so many great JPEG images that were posted.
- [18:48]
B
God, there's so many. I couldn't even keep track of them all. There's so many good ones.
- [18:52]
A
The eagle and the. And then he had the goose.
- [18:56]
B
Whatever was the Canadian goose.
- [18:58]
A
Yeah.
- [18:59]
B
Well, here's Jack. Here's Hughes, the one that actually won the game. The game winner. He's 24 years old. And the other thing. What? I saw some of those memes that said that not only did we steal your game, but we stole your. Your best talent. I guess he's dating some young pop star over there from Canada. McCray. What's her name? I don't know what her name is. But anyway, he's apparently in a relationship or dating or something. But everyone's just been hammering Canada. I mean, Canada, the Canadian people are great. The government's garbage, but the people are very cool. And it's, you know, government's always ruining for everybody, but so what? Listen, we got trash talked a lot by Canadians. I certainly heard a lot of it on X. You know, trash talking. We're the best. And even Trudeau got in the game. But here's Hughes. Check this out. And this. I love this very patriotic country right now.
- [19:45]
D
I love the usa. I love my teammates. It's unbelievable. The USA Hockey brotherhood, it's so strong and we have so much support from ex players. I'm so proud to be American today.
- [20:00]
B
This was such an incredible game to grind out. I mean, you're bleeding right through it just looking at you right now. Can you just talk about how difficult this gold medal was to win?
- [20:09]
D
Unbelievable game by Hellebuck. He was our best player tonight by a mile. Unbelievable game. Unreal game by our team. That's just a ballsy, gutsy win. That's American hockey right there. That's a great Canadian team. But we're usa. We're so proud to be Americans. Tonight was all for the country.
- [20:26]
B
What does this gold medal mean to USA Hockey?
- [20:29]
D
It's everything. Like I said, the USA Hockey brotherhood means so much. Look at these guys. We're such a team. We've been together for two weeks. We're such a team. The USA Hockey brotherhood is so strong and we're so proud to win for our country.
- [20:43]
B
No, Jeff, what people probably don't realize is this isn't like a national team. Like, like when you, like when you see, like the. When you see, like, you know, every four years rolls around, you got the World Cup. These guys have been playing together in and out. They're playing for four years. These Guys got together two weeks ago because they decided who's going to play, but they take the best of all the NHL teams. So they're from around the league. The best of the best. A lot of them were. Most of them compete against each other. Two sets of brothers. They're two. The Hughes brothers and Tachuk brothers as well. One that plays in the Panthers. So they. You know, it's wild to see a team that has two, you know, two. Two sets of brothers on it.
- [21:22]
A
Yeah, you know, that was great.
- [21:26]
B
And it was just. It was just, you know, wild to see, you know, and he's. He's right. I mean, they had to come together and be a team. So when they're out there and they're passing and they do a line shift and you got your defensive men, your. Your offense like you, they just had such a rhythm that they looked like they'd been together for a long time.
- [21:41]
A
That's right. Yeah. These guys are pros.
- [21:44]
B
They know they're going hella bucket. Plays for the Winnipeg Jackson. He's gonna go back, he's gonna walk into the locker room, he's gonna. He's gonna wear it. And that badass mask he had. I don't know if you can find. Can you find. Can you find a picture of his mask? Oh, my God. It was fantastic. He plays in Canada. But I was just. If I was him, I would just be like. I'd wear it all the time. Like, the team meetings, I just show up with the thing. Oh, this. Oh, it's the gold medal. I mean. Oh, did I have it on? I totally forgot. I put it on this morning. You know, just a time.
- [22:17]
A
I wonder how many. How many of the players for Winnipeg are actually Canadian?
- [22:21]
B
Well, it's hard to know, really. I mean, we're gonna. We'll find out. But it's funny, when they asked a lot of young people, like, you know, because back in the day, remember, Sidney Crosby was like. He was. You know, whether you were American or Canadian, like, he just. He guy was a beast, right? So now. And I don'. Saying that he uses any Sidney Crosby, let's face it, he's got to prove himself. But it's just that people like him, right? He's young. He's 24 years old. People just really gravitate towards him. A lot of people, younger people in the US really care, you know, like this dude. So we'll see what happens with his career. But it's interesting to see right here, Canadians. You guys are awesome. Your government, your hockey team, Ah, not as good as usa, John. Crypto.
- [23:04]
A
Sorry, guys.
- [23:07]
B
And then we've got this one here from Smithson. Says hockey planners did not load manage. They play.
- [23:12]
A
Right?
- [23:13]
B
Yeah, that's a good one too. My phone non stop buzzing me of tanking crypto. Fine with me. I have bought low buy orders already set and funded. 133. We're down to on XRP. Well, there you go, fluctuating. There you go, man. That's how it works. Appreciate that support coming in comes always, man. Listen, you guys, let's just be. Let's. Let's just. Let's just be a lesson to you guys. Raf Rican always is in here. He's always in here and he's always supporting the show, man. That's. That's a lot of. Give a lot of respect to Ricky, man. Appreciate. Appreciate you, man. He must have been watching that game today and just loving life. What a great game. And even people that don't like hockey are like, you know what? This game is fast. There's no commercials. They're like, it's just boom, boom, boom. You know, this just. It moves and, you know, I have to give it to the rest. Jeff, they could have been. They could have been jerks. They could have thrown people out and they let it go. They like this. You can't. Because any other sport like football would have. Would have done something dumb. And these guys let it go, okay? They got into stuff. Look, they're used to fighting, right? This is the thing where you can punch a guy in the mouth. Oh, look at this. Mark Smithson coming in. All right. Showing the love. Love that, man. Appreciate you guys. And you know, letting it, just letting it. Just let it go. Like they're not. And there was one. I remember the one. The Canadian guy was there pulling away. He's like, but he punched me. You could read his lips, but he punched me. It's like, of course that's freaking hockey, Jeff, mildly. In football, where these guys are hitting each other, you hit a guy, you push him or you punch him, you could be out suspended for two, three games. In basketball, you barely touch the guy and he flops on the floor. Try to get a technical file. It's just ridiculous.
- [25:04]
A
In hockey, they're out there. They're out there fighting. I guess they have a new. A new boxing league and it. They're on skates in a mini.
- [25:13]
B
That makes sense. That makes a lot of sense since there's a lot of fighting that happens on. Well, so the thing was, like, I really did feel Bad for the Canadians because let's face it, they really played.
- [25:25]
A
And they played their asses off.
- [25:27]
B
They played their asses off. They left everything out there. And the fact that now I will say this, Jeff. If you have a five on three and you can't put a goal in, when that happened, I started feeling like the US Had. Can take this. Yeah. Five men on three. Two guys in the penalty box.
- [25:43]
A
Yeah. Is that possible?
- [25:44]
B
How do you. And did you see, like, when they cleared the park? They're like. But every other. Now aside from that, they were playing like mad men. The pass is hitting. Boom, boom. And they even got a good couple hits on the U.S. i was like, they came to play, but yet when they, like, cleared the puck, you got five on three. And he's like, sauntered back. La la la la. No urgency. I'm like, dude, you have five on three, right? Well, listen, so they lined them up and they get the. You know, they do the medals, the silver medal first and then do the gold medal for the usa and then they give him this dumb little. They gave the. They gave the Canadians this dumb little stuffed animal, right? Now look at this dude. I'm not sure which. Which Canadian he is, what team he plays for, but look at this right here. Look at his. Look when he. Look what he does. He's like, what the f is it? What is this? Look at this look on his face when he gets this stupid trophy. This little. Look at him. He's like. I mean, look, look, you're sad enough, like, you gotta stand there. You lost the game. You know, it's your. It's your country's game, right? Hockey. You live and die for hockey. And look at. Look at this. He looks at. He's like, what is this? He's like, this is the greatest thing ever. He's like, right?
- [27:05]
A
This is great.
- [27:06]
B
He's like, what is this? I mean.
- [27:10]
A
Oh, it's definitely another hockey game. Tony saying, another hockey game for the ages. Oh, without a doubt, man. It was. It was so. It was so exciting to watch that game.
- [27:18]
B
You want to see a close up of what they gave?
- [27:20]
A
The OT was exhilarating.
- [27:23]
B
Oh, God, I was. I couldn't. I could almost not even breathe anymore. I was like, so into this game. Do you want to see a close up of what the. The stuffed animal they gave the. Gave to him? It's a little Olympic little dude. A little stuffed animal and on his forehead says, second place losers. It's horrible. Yeah, that's what I'm saying. The memes were just. The memes were outstanding. Did you see. Look at. Here's. Here's one from Trump. Here's your. Here's. Here's Trump giving Carney one. Here's your emotional support. Stuffed animal Mark, what it is. So he's giving him the stupid. I don't even know. Is it a bear? Is it a mouse? I don't know what it is.
- [28:04]
A
I don't know what it is. I have no idea what it was.
- [28:06]
B
Like the official movie mascot of the games. I'm like, is what is it?
- [28:12]
A
I don't know what it was.
- [28:13]
B
I'm like, is it a. Is it a creature? Is it a mouse? It's the weird, like, who thought that was a good idea to give that to the athletes. And they're like, come on, man. I wanted one of them. Who's the brawler? The big time brawler dude on. On. On the Canadian team. He's always fighting. He's always getting in trouble. They gave it to him, and I was surprised that he showed restraint. I would have punched the guy in the mouth.
- [28:34]
E
Well.
- [28:34]
B
Or I would have threw it over my, you know, the back over there. So it would have been. It would have been something to have seen that, man. Oh, my God. I have to tell you, what a. What an impressive game. What a. I mean, God, they pulled it out. And again, sometimes, you know, the better hockey team doesn't always win. You know, in that case, you just got to say how strong it was. I mean, they were just. They came to play and, you know, part of me just felt bad for him. It's like, you know, so to. Not. To. Not to not win. It's. It's always a little defeat. So you're probably thinking, Jeff, what did Canada lose this year? Well, here's. Here's what. They lost this over the course of this year. I'm gonna put this up now. One of these isn't fair because they don't compete in the sport. But just to show you. So Canada lost the Stanley Cup. They lost to Edmonton. They lost in six to Florida Panthers. They lost the World Series to. To Toronto. Lost in seven games, right? He lost in three, seven. The Olympic hockey women team, they lost gold in overtime to usa. The Olympic hockey men's team, they lost gold to the overtime in the USA and zero Super Bowls. But that's not really fair because they don't play the super.
- [29:43]
A
But yeah, that's not really.
- [29:44]
B
It's still fun to put up there, isn't it? But look at that.
- [29:48]
A
Maybe one day Though.
- [29:49]
B
That's rough. The Stanley cup, The World Series 2 Olympic men's and women. And the women were dominant, man. Holy cow. They were incredible. That what. What an amazing.
- [30:01]
A
Hockey is their thing. I mean, that. That to me is. It's amazing that they, you know, maybe. Maybe this coming years, their year for the Stanley Cup. Probably not, but maybe.
- [30:11]
B
Well, I don't know. They haven't once it was the Habs one in like 93 or 94 or whatever it was.
- [30:16]
A
It's a couple years.
- [30:18]
B
The White House put this. If the White House put this up, an eagle basically with the goose, slapped him right down the ground. Bam.
- [30:26]
A
Macum.
- [30:27]
B
You just gotta love. I mean, you gotta love this account, man.
- [30:32]
A
Has a cartoon mascot, but we don't know what that mascot is. We don't know if it's a bear. We don't know what it was.
- [30:38]
B
We don't know what it is. So this is it. Because Trudeau, Justin Trudeau, former Prime Minister of Canada, posted this on X. You can't take our country and you can't take our game. And that's when the White House reposted it with this. You gotta love it, man. Oh, yeah. God, you. You just have to love it. It's just fantastic, man.
- [31:02]
A
Yeah, that. Stay behind him. I mean, it was just insane to be able to get a save like that. But he's dropped so many. I mean, if. What was the total tally? That was. It was like 41, 42, 40. I don't know what the last number was. Shots on goal. The fact that the US was at like 22 or 23. What? And then obviously OT but that was. It was insane.
- [31:30]
B
It was. That's what I was. I was surprised. I mean, they just were rocketing shots and there was times when like that, like the one that went off the. Well, the US had the one that hit the double. Double right off the moon.
- [31:45]
A
That should have gone in. It was like right behind him. Oh, it's going in. That would have been their 2:1, but. Nope. That's the fickleness of the hockey gods.
- [31:58]
B
Yeah, that would have been. I mean, it's just this. I want to throw this video up here.
- [32:06]
A
Some good videos. Got a whole bunch of videos.
- [32:08]
B
Yeah, I'm trying to load this one. For some reason it won't. It's just not going. Here, let me. I'll have to share my screen with the sound on. Because this guy calls it right here. This guy pretty much nails it.
- [32:19]
A
This is perfect.
- [32:20]
B
Let's see. So we got to share that with the sound and tab. There we go. Tell me if you don't hear it. If you don't hear it, just let me know. Here we go.
- [32:29]
A
There we go.
- [32:30]
B
Sure the sound is up here? Yep. Here we go.
- [32:34]
F
I mean, this curse. And Olympic hockey strikes again. Just a little while ago, the United States men's hockey team scored a game winning goal to defeat the new Communist in Canada on ice. Just like happened back in the 1980s when an overmatched U.S. men's hockey team somehow found the will and the energy and the courage to defeat a much stronger, much better USSR Communist hockey team. Just like the old saying goes, go woke, go broke. Go commie. Losing hockey. And now the Canadian hockey team and all their fans are going to have to spend the next four years with the memory of chance of usa USA echoing throughout the Olympic hockey ring.
- [33:18]
A
That's right. That's awesome. That was perfect.
- [33:29]
B
It was a friendly crowd.
- [33:31]
A
Yeah, yeah.
- [33:33]
F
Hopefully when you go commie, you lose at hockey and you suck at life.
- [33:44]
B
Oh my gosh. Wow. Just amazing. Some of the stuff that it's. It's crazy. Usa. Usa. Man.
- [33:54]
A
That's right. Quinn Hughes scored ot.
- [33:58]
B
Oh, yeah. The winner. Yeah.
- [34:01]
A
Yep. That was good.
- [34:04]
B
You gotta love the brothers. I mean, having the brothers on there, man. How cool is that? Like, how cool is it? You win, but also your brother wins as well. It was a really kind of really fantastic.
- [34:14]
A
Was it 76 or 1980 Philadelphia Flyers beat the USSR in hockey, right?
- [34:22]
B
Yeah. But the whole idea of the Olympics was these were. They were not. It wasn't until later that they allowed pros to. To play because it was just supposed to be amateurs. But what's the point? You want the best of the country, right? Who cares?
- [34:34]
A
Ken has just decided to not field an Olympic hockey team for the foreseeable future.
- [34:39]
B
Well, I don't know about that, but I'm just saying they.
- [34:41]
A
They got men or women?
- [34:43]
B
Yeah, they got their asses, man. It's. Listen, for them to lose in hockey, there's really no other. No other thing that could be compared to that. It's just the most horrible thing that can happen. And that's why my heart goes out, because I just know how steep they are in the game, Jeff.
- [34:57]
A
That's the only sport they got. They got that in baseball, I guess. Oh, what's that other thing that they poke that floating thing on the ice? Curling, probably.
- [35:07]
B
Curling, yeah, the curling thing. Yeah. The guy was cheating and then they caught him with a video.
- [35:12]
A
Oh my God.
- [35:13]
B
It's just. It's not A good look. Who's gold? I mean, listen, the women's. Okay, you lost gold there. But to lose with the men and the women in overtime.
- [35:22]
A
Curling. Yes, it's just curling.
- [35:25]
B
Yeah. The one where he. They're all the memes where he was pushing the goat, you know, the, the
- [35:31]
A
pushing the hockey puck in the neck.
- [35:32]
B
There's a whole, there's a whole ton of those, you know.
- [35:36]
A
Oh, my God. There's the bartender. The difference between the bartender, Canadian bartender and an American. American bartender pushes your beer. The Canadian bartender pushes the beer as it's sliding. He hits it with his finger.
- [35:51]
B
Yeah, it's too much.
- [35:53]
A
The guy's like, didn't you just hit my beer with your finger?
- [35:56]
B
No lying. What the hell's wrong with you and Jeff? Things are heating up in Mexico, man. There's the update. The, the fighting between the Mexican military and narco terrorist cartels. So this is burning stuff down. You know, airports were starting to close as people were on the tarmac and, and taking hostages. Hostages. It's burning. It's like they took out the, the main dude, and they're just like retaliating. But look, Trump said, hey, he told Shine Bomb, look, I can give you, give us, you know, come in, we'll eliminate them all in just a small period of time if you let us come and help you. And she's owned by the cartels?
- [36:33]
A
Oh, yeah, she definitely is.
- [36:34]
B
You know, this is just.
- [36:35]
A
She got. That's how she won.
- [36:37]
B
That's how she won. That's why they killed the other candidates. So, you know, there's a whole reason why, you know, there's something going back on there. It's just insane. And this guy Mandami, Jeff, this we said before he was elected he's gonna have, he's gonna give us so much material.
- [36:54]
A
Oh, yeah.
- [36:55]
B
I mean, it's just endless. Every day, every day. It's mind boggling. It really is. It's really, it's just hard to understand. So here, here's him. Here he is.
- [37:09]
A
Can't even make this stuff up, honestly.
- [37:13]
B
And he thinks he's like a media personality, right? Because his mom used to do these, you know, these movies or whatever. But he has to be in the video. There has to be music behind it. He can't be a normal guy. He's always going to be on location. Dude, are you the mayor? What are you running for? You're the mayor, come on. But here, this is him talking about right now. New York City is getting hit with a. Just a blizzard. Now the last time that happened was 2016. I was there on business. They said they're closing the city down. All the cabs stopped, the Ubers. And they said, I got a last Uber out to a party that was like 12 or 14 blocks away. New York City blocks. And then when the party was over, it was like one of these private business parties. It was great. And me and this other dude were staying at the same hotel. And we're walking back and we're walking down 6th Avenue. Not a car in sight. Silence. Snow coming down, a couple feet of snow. We're trouncing through the snow. And I don't know if you know, a city block in New York, but, man, 12 to 14 blocks. It took us a while. So I remember us. I'm like, well, let's walk for a little bit. Oh, that place is open. Let's go in there. We go in, like, this bar and have a beer. And then, you know, we'd go down, we'd walk a little more. Gosh, it's cold. My feet are freezing. Let's go in another one. Took us like an hour and a half to get back. And I remember this one. I remember this one bar. I'm like, he goes, dude, I think that's a gay bar. Are you cold? He's like, yeah. I'm like, let's go grab a beer. We go and we grab a beer. He's like, we. We get in there and, you know, grab the beer, drank it, then headed back out again. But, yeah, I got pictures. That's the weirdest thing even. You know, we were staying at the Marriott in Times Square there, and the. It's just weird because Times Square, there's nobody there. Like some apocalyptic thing hit. So that was the last time it happened. 2016. Here we are 10 years on and happened again. But here's Mandami. Here we go.
- [39:06]
G
Been here before, but yes, another major winter storm is on its way to New York City. And it's not just a storm, it's a blizzard. The first one we've seen since 2016. Forecasts are projecting between 13 and 17 inches of snow starting Sunday morning, and there's a chance you might see more than 20. New York City is ready. We are in an enhanced code blue, and our winter weather plan is in effect. Sign up for Notify NYC for regular updates. Sanitation has mobilized its full fleet to plow the roads. They've activated more than 2,200 emergency snow shovelers in advance and will be deploying more than a thousand starting tomorrow.
- [39:36]
H
Night.
- [39:36]
G
If you'd like to sign up to be a paid snow shoveler, you can go to any DSNY garage from 8am to 1pm tomorrow. On Sunday, property owners salt your sidewalks and be ready to clear snow promptly. If your building loses heat and your landlord does not respond, call 311. Any call to 311 about a homeless New Yorker in need will be rerouted to 91 1. Outreach teams will be working around the clock to bring people in from the cold. We'll be deploying warming buses, warming spaces, and warming centers. The storm is set to be even bigger than the last, so here's what we're doing to enhance our response. We've brought in additional snow clearing equipment ahead of the snowfall. We're expanding geocoding tracking of bus stops, pedestrian ramps and crosswalks. We've mandated that a path of at least 4ft be cleared at across all sidewalks to accommodate wheelchairs. We've gotten lift to increase the number of snow clearing crews for their city bike stations. Even with this preparation, Monday morning's commute will be hazardous. If you can stay home, stay home. If you must travel, use public transit. You will see delays to trash and recycling collection on Monday with alternate side parking suspended as well. We'll make a decision on the status of remote learning at New York City public Schools by Sunday at noon. This winter has tested us, but spring is just around the corner. Stay warm, stay safe, stay inside if you can.
- [40:39]
B
Jeff, did you notice how many locations, like, you're putting this out quick? Yeah. You must have spent two, three hours just going around New York and how many. You know what? You don't get this right in the first take. Yeah, like four or five or six takes and someone else.
- [40:51]
A
Probably a day. This is probably the entire day and
- [40:54]
B
a whole day being Mr. Media Personality over here. Like, yeah, like a total stooge.
- [40:59]
A
I mean, you got, you got to admit, whoever put it together, you know, it's like a typical social media. You know, it's got the excitement factor, it's got the music. But how often he could have done that sitting at a podium and he could have finished this in his 32nd spot and it could have looked more professional instead of like, hey, let's get out the vote campaign. You know this.
- [41:22]
B
He's a media person.
- [41:24]
A
Yeah, it's himself. He thinks way too highly of himself. That, that spot he should have done standing at the podium with some of the, you know, key personnel next to him and said, here's what's going on. You know, We've got all this stuff happening, you know, and he could have done it in 30 seconds. And how much money did he spend on that? You know, how, what was the resource? The amount of, like you said, the amount of time just everything, you know, clustered up. And the, the funny thing is he's talking about, you know, come and be a snow shoveler. Detroit did that. I think it was the last year, the year before Detroit asked for people to come out and help and come out and shovel. You know how many people came out? Zero. You know, maybe three.
- [42:05]
B
Do they get paid?
- [42:07]
A
I don't know if they're getting paid or not. Like coming out. I was like, well how about you guys have sanitation people or you have snow plowers? You know, get your, get your people out on the streets. You know, you can't have just regular people going out there with their, you know, regular non commercial snow shovels. You know, people are going to go out there and have a heart attack. Who's paying for their medical bills? Who's, who's gonna pay for it when they, you know, injure themselves the following day? So, so the joke of it, how many forms of ID did they have to bring? Passport photos and, and photo ID and
- [42:41]
B
you know, so here's a, here's a girl went and checked it out. So listen to this. Let's watch this.
- [42:46]
H
No storm coming today and our mayor says that we need emergency snow shovelers.
- [42:51]
G
You'd like to sign up to be a paid snow shoveler. You can go to any DSNY, garage, garage from 8am to 1pm tomorrow. On Sunday.
- [42:58]
H
I saw that the mayor said that we were supposed to report for duty between 8am and 1pm today to. For emergency snow shoveling. Why?
- [43:08]
B
I think the earliest that we can put you out there is 8pm tonight.
- [43:12]
H
It's $20 an hour.
- [43:13]
B
I think it's actually higher.
- [43:14]
H
Now I believe if I have a snowblower and I can do the work of three to four people, can I get paid more?
- [43:21]
B
I don't think so.
- [43:22]
H
I thought we could just tax the rich. Need two forms of id. What happens if I only have one?
- [43:27]
B
You need two forms to sign up. One from this side and one from this side.
- [43:31]
H
It's so interesting cuz they want to tell us we don't need ID to vote, but we need two forms of ID to shovel. You know, do I need to print the photos out? I have to print those? Yes. What if I don't have a printer?
- [43:43]
B
Go to cbs.
- [43:44]
H
Okay, thank you.
- [43:46]
I
Here.
- [43:46]
H
Our mayor said to show up at the garage at 8am I was just told inside that I have to come back at 8pm and that my shovel is outdated. But they have another one waiting for outdated model. They're gonna hold on to it for me. I have to come back with the proper attire. Two forms of ID, a Social Security card, two photos printed out, get paid $30 an hour.
- [44:09]
B
Last time I checked. That's five things you need, Jeff. Okay, two forms of ID, two photos and a Social Security card.
- [44:16]
A
Well, because they want to tax you. How much, what is the tax rate? They're going to tax you for their employment. Is that based on self employment, part time employment? Like how are, how are they going to, how are they going to tax those?
- [44:26]
B
Are you really going to get paid? I can see like that's the next press conference. Well, here he is being asked that very thing in the next press conference. Listen to this.
- [44:33]
G
There's been this controversy over the snow laborers and the sort of what, what some see as onerous, need to have documentation. Can you just talk about if that's new, what you make of the controversy? This is all long standing. This is a long standing program and long standing requirements. And this is a way that New Yorkers get paid to shovel snow in assistance with the city's response to a winter storm event. Federal.
- [45:05]
B
Can you imagine, Jeff, that he's got to sit up there and tell you it's been a long standing event and you know, in order to get paid. Well, you just totally crushed that left narrative, right? Nobody knows they can get, nobody has their birth certificate. Nobody knows. You basically need an ID to do anything. You want to get, you got Medicare ID, you want to get Medicaid, ID, you want to get on the food stamps, ID, everything you get from the government. You need to prove who you are. You need a Social Security card. You know who you are, right? Every single thing you want to get to. You want to get on a plane, Idaho, you want to, you want to go to the government building, Idaho, you got to go to court, Idaho, But. And you want to register your kid in school, you need an id, right? But they were told you don't need it. Now he's being asked the question. He's like, it's a long standing event.
- [45:50]
G
New Yorkers get paid to shovel snow in assistance with the city's response to a winter storm event. Federal law requires that employers get authorization and documentation to pay people for their work. We are not allowed to just cut checks to individuals for their work. And these are the policies that we've had in place. But I understand that for many, it's the first time that they've ever heard about it.
- [46:17]
B
Like, this is how they think we're stupid. They really think we're stupid. He's out there telling you it's a long standing thing. It's a federal law. Oh, wait a minute. So anybody can show up. To get paid, they need to have two photos, two forms of ID and a Social Security card. Right? Is that. Is that right? Did I get all that?
- [46:35]
A
It's amazing how much, how many types of ID you need just to go and do something temporary for one day. You're gonna do a one day job. You have to come up with all that. And they can't figure out a different way. These people are volunteering and say this is volunteer because the city. It's because the city. First of all, you know, from a liability perspective, they got to fill out all the correct forms. Then they. Then they want to be able to tax all these people because God knows that the city has needs to get money back. And they're using, you know, tax dollars to pay the people. So they need to tax them, you know, based on the earnings they get so they can get tax dollars back. It's such a show, like I said in Detroit. They tried it there, at least. They were just looking for volunteers. This guy spent. How much money did he spend on that ad? You know, just. It's just so ridiculous.
- [47:26]
B
Look at this here. Joe, buddy, want to vote? No idea allowed. Go ahead, man. You can just go. It will. So here is my favorite.
- [47:36]
A
Has he ever had it? Is mom dummy ever worked?
- [47:38]
B
No, he's.
- [47:39]
A
They do anything before? What was his job before? Nothing, right?
- [47:42]
B
Being a rich kid who's like a trust fund baby. That's pretty much his job. Two rich parents. So here we go. So here's been. Here's Rapaport. Michael Rappaport, the actor. He's the best account. Remember, he used to hate Trump and then he made a turn. Used to call him Pig D. Trump. Anyway, so here's. Here's Rapaport talking about Mandami. I love when he laughs. This cracks me up every time.
- [48:05]
G
They're needed faster. And for those.
- [48:08]
B
If you're listening on the audio podcast, you got Rapaport in the background with a shovel about ready to start cracking up. When you hear Mandami get talking about
- [48:16]
G
the press conference, here's where they're needed faster. And for those who want to do more to help your neighbors and earn some extra cash, you Too can become an emergency snow shoveler. Just show up at your local sanitation garage between 8am and 1pm tomorrow with your paperwork which is accessible online@nyc.gov snow and you can get started right away.
- [48:38]
B
If you want to help out and shovel, you do need to bring two forms of id, fill out the paperwork and your Social Security card. But to vote in an election, you
- [48:47]
A
don't need any of that because that's racist.
- [48:51]
B
I, Someone should ask him the real question. That's a good point. It's like, isn't that racist? Are you saying that you're, you're only looking for a certain kind of snow shoveler? Say that three times. No, we're just. You're racist. Why are you so. Why are you being so racist? God, I love that. Mom. Donnie. What a nut job.
- [49:09]
A
Yeah, it's so, it's so crazy. You know, he was, he got elected, let's see, he was elected in 2020 to the new York State Assembly. So before that he had a whole variety of jobs. He never really had a real job.
- [49:24]
B
No.
- [49:24]
A
Everything he did was kind of fictitious. How stupid the people in New York City are that they've elected someone to run their city that has zero running skill set. Meaning he's never run a business, he's never managed money, he's never done anything of importance in any career, in any job that he's ever had. Like, you know, and, and it's just stacking up a bunch of, of, you know, semi, semi part time work. And this is how dumb people in New York City are that they elected him. I, I'm just, I'm stunned at the level of, of ineptitude that the s. The citizenry of New York City show to elect someone like this. It's stunning to me, you know, because when you look at, you look at them, it's like, how do you elect somebody to be mayor that has no skill sets?
- [50:16]
B
They're going to complain, but they won't do anything about it. The thing is like a strong man, like, well, let's complain about this. Well, you know, you elected a guy. I know, but. I know, but you elected the guy. Like you have a part in this. Here's Byron Donalds.
- [50:29]
A
He looks good on TV though. He looks really good on tv.
- [50:31]
B
Yeah, he's a good media personality. He does know jack about what's going on.
- [50:35]
E
You put in a communist and yes, communist policies. That's what Zoram Ondani is talking about.
- [50:41]
B
Not a comment socialist. He says he's.
- [50:44]
E
I can't Tell what the difference is. Well, he can explain what the difference is.
- [50:47]
B
He can describe differences for you. The socialism is not the same basis of communism in this country. You know that quite well.
- [50:52]
E
The man wants to create. The man wants to create government run grocery stores. He wants free transportation, both of which are impossible to do because how is
- [51:00]
B
that Congressman is a trigger word to undermine all of his policies. He's not a. He says he doesn't.
- [51:04]
E
I don't need to, I don't need to undermine his policies, his underpinned policies. Undermine himself because they've never worked. Here's all I want him to do, tell me where they've ever worked. They've never worked. He knows that. I knows that. But what he's trying to do is promise everybody something that they can't have. And the truth is there is no free lunch. Just like there's no free bus. Because you know what happens when you have a free bus. There's nobody there to fix it or to drive it. He knows that. I know that. You know that. America does know it. And it's unfortunate that the city of New York, my former home city, is probably going to have to go through this.
- [51:39]
B
She said the trigger word is communism. She's all worried about the communism word. Like socialist is fine. We're good with socialism, we're cool. Because he's a Democrat. Socialism. So he's, you know, it's a little bit different. But the communism that she said, that was a trigger word. You're using that as a trigger word. It's like to undermine the policies. Like what policy? The policies undermine themselves. They're not even possible here. Is Trump talking about or pal Adam, shifty shift the other day.
- [52:06]
A
Oh my God, this is awesome.
- [52:08]
E
How's the family of four live in a one bedroom apartment?
- [52:11]
C
No, it looks like Adam Schiff really did a bad thing. They have them now. Let's see what happens. It's not up to me. It's not up to. I stay out of it purposely. But it's mortgage loan fraud. It's a big deal. He defrauded banks and insurance companies and the federal government. But it's very simple. It's mortgage loan fraud. And you're right, it's a lot of people to live in a one bedroom apartment. Right. But he put it down. But he has a lot of other things far worse than that. So no Adam Schiff, they have him 100% on mortgage fraud.
- [52:48]
B
I love it. We heard about this like months ago. What's happening, you know, mortgage fraud. I Think they're waiting to get some non liberal judges in there because, man, this is, it's going to be a little bit too much, Jeff. I mean, with all this stuff, man, it's just, it's just a lot. Donnie cracks me up though. This guy's, you gotta hand it to him, man. He really does. He does think. Speaking of communism, speaking of, like, you know, let's, let's talk about why Europe? Look at this question that Bernie Sanders was handed by a student. It's a great question, by the way. Listen to this.
- [53:27]
J
Levels of education and development. Europe has produced almost none of the world's largest frontier tech firms, while the United States dominates global tech innovation. I want to ask, what institutional or economic features do you think explain this difference? Earlier, Congressman Khanna said that government dollars led to AI. Why haven't European government dollars led to such innovation? Are our congressmen, like, y' all so much smarter investors than them? Or is it that our entrepreneurs face a better set of incentives at the margin than them? In short, I'm asking you to explain not why we have inequality, but why we've had so much growth over the last two decades.
- [54:04]
A
Because what a great question. Who have been incentivized, who have worked very hard. But you know what? In most European countries, all people of health care is a human right,
- [54:18]
B
okay? So this is the best part of it. Okay, great. But they're, they're, they're anemic growth. GDP is like half a 1%. Okay? So he's asking them, he puts it out there. But you know what? They'll have healthcare. They have health care. They'll have health care. Yeah, they all have healthcare. They pay their asses off when it comes to taxes. You can have health care, health care for everyone. How many, how many citizens? You have? Seven million. Okay. Oh, seven million. Okay, so what is that right? You have illegals coming in.
- [54:53]
A
In most European countries, it doesn't cost
- [54:55]
B
$80,000 a year to go to college. In most European countries, they have strong child care systems.
- [55:03]
A
So the chips, they keep referencing this whole thing over college and free college. Now, the problem in the United States, the reason why tuition keeps going up. Now imagine you're paying for a professor to regurgitate information that he studied over time to you so you can take his test, so you can get a grade, so you can then pass and get a piece of paper that gets you, that allows you to go get a job. So basically you're transferring money. You're paying money for a piece of paper, right? For A degree, that's it. You can figure out how you can get education. Not. But the person that's giving you the education, does his value change over time? Is it becoming more scarce? Is his information more scarce or is it less scarce information? Now with the advent of the Internet, the advent of AI spit, you know, YouTube doesn't matter, just online access. Is information less scarce or more scarce? Right. So now does that make that professor less valuable or more valuable? Is his information less valuable or more valuable to what I'm going to pay for it? Now, when you start considering all of that, that they start inflating the cost of tuition, and because of the fact that the federal government is backing loans to students that come out of high school, massive loans are being backed by the federal government in order for them to pay these colleges. So essentially we have a transfer of wealth from the taxpayer to these leftist socialist professors and universities so they can regurgitate information that they never got out of real world life, that they got out of other people's work. Maybe they did their own research, maybe they didn't. They've read other people's books. Some of them have actually been in the real world. Most of them haven't. So you go there and you get this regurgitated information that you're paying inflated prices for. And then someone like this socialist tells you, well, the cost of tuition is now $80,000. Okay, great. Why is it, let's go back to the fact of why it's $80,000. Why was it $5,000 a number of years ago? How did that value of that tuition of that education change? It's now, it's now less scarce. Information is less scarce. But you're paying more money for the piece of paper that you get at the end. At the end, again, it's all tied back to the government, you know, funding loans to students at ridiculous amounts of money. You can't get a loan to start a business as a, as a high school kid. You can't get loans to do anything, but yet you get hundreds of thousands of dollars to transfer wealth to these universities. That's the only reason why. And the universities know very well that if they're 10,000 and they charge 20,000, the government's going to back loans for 20. If they go to 30, the government's going to back 30. If they go to 40, they're going to back 40. If they go to 80, they're going to back 80. And this is the problem. And it's this. And it's systemic across the board, that this is going to keep happening, you know, until they decide that, hey, we're not going to, we're not going to, you know, start funding these loans for students anymore. Stop funding, stop. Cut it off 100. Stop. The backing of these loans have, you know, and then that's it. How many, how many banks are going to start funding loans to high school kids at 18 years old to spend a hundred thousand dollars a year on, on tuition where their job, when they come out at the other end, they're going to make 60 to 80.
- [58:34]
B
Why don't they do like the mortgage industry? You know, you want to buy a house and someone's asking like 500,000, but the market value is only 475. They're not going to give you the 500,000. You have to go ahead and get an appraisal, right? So if it doesn't appraise, then you, then either person has to lower their price or you have to move on. It's a cash deal. You're not worried about it. But you're right, they rate. They've been raising it. Now, Elizabeth Warren, Pocahontas, 13 years ago, when she, she spent two decades at Harvard as a professor, right? She taught a limited amount of credit hours. She's making 400K.
- [59:07]
A
400,000 for what?
- [59:09]
B
$400,000. Who knows?
- [59:11]
A
Why would she worth $400,000?
- [59:12]
B
I don't know.
- [59:13]
A
Why would any professor. Why would any professor.
- [59:17]
B
But she lied about being a Native American because mama and papa had high cheekbones. Are you, are you kidding me? This woman's still in Congress. That's. They're so into like cultural appropriation. And here's the most egregious case of it all. They're so full of. They're all full of. They're all garbage.
- [59:35]
A
Then they create the scenario. The scenario they create fictitious. The fictitious value of a degree based on the insignia that goes on it, right? So if you have a degree from Harvard, it's going to be more valuable than this degree. So then they can charge more and then it kind of down, down the line. Now, to some extent you go to certain universities and you can actually get and have exposure to vc. You can have exposure to mentors that have created businesses. And as long as you kind of navigate that path, you can find some amazing support there. But imagine you took all of that money and you decided, hey, you know what? You know, I want to become a realtor. Or, you know, and a lot of people end up. They go to college, they spend all this money and they end up going into realtors estate. So now imagine you take all that money that you would have invested and say, you know what, I'm going to invest it in myself to become a stock broker, I'm going to invest in myself to become a realtor, right? Or I'm gonna go and I want to become, you know, learn, become an electrician or H vac or trade or whatever. And then you want to start your business and take all that money that you invested in that socialist institution and invest it in starting your own business. 100, you know, or figure out that path. I mean, obviously you took a loan to get it, you know, to get that money that you're going to be subservient to for the next decade plus. There's so many nuances to this whole conversation and argument, but the Democrats approach it from such a way that somehow, oh, education's so expensive. All right, but you guys are the culprits, you guys are the ones tied to these high end education, you know, and then it all ties back into the system, into the narrative, right? Where hey, before it was a high school degree, then it was a four year degree, then it's a master's and then it's a higher, you know, I mean it gets to a point where,
- [61:30]
B
well, it used to serve a purpose. It proved that you could memorize, it proved that you could get through four years of a scheduled type of a program where you had to pass certain, you know, milestones to be able to achieve. But in the age of today, I mean, honestly, I mean I'm running clock code and I've watched two, I've watched these, I don't know who they are, random dudes on the Internet that they make, they have YouTube channels, they laid everything out, exactly what I had to do, step by step. You do this, you click this, you do, you take all your notes. Dude, you're not learning that you're not, there's no, nothing in AI you're gonna learn by going to college. It's not happening. Right? No, real, I mean there's half the things, they can't even keep up with the time the times are changing and the technology is changing so quick. They're not going to tell you how to train you how to, to sell, you know, generative AI to enterprises. They're not going to teach you how to sell security SaaS software that's $300,000 with add ons. How are they going to tell you that? You don't, it's, they have no idea. They have no idea. So, like, to me, in positioning and all the best stuff I learned was out of books. I learned how to write a book. I got a business book. I took a course. I did this. Like the people that actually did. You always say this. For a long time, people that do can also teach. But people who can't do much, that's all they can do is teach. They just can't be effective. So I think we play one more video and get out of here. It's already time. It's one hour in.
- [62:57]
A
We can keep ranting on this subject.
- [62:59]
B
Yeah, we can go on and on for this.
- [63:00]
A
And you know what? It all goes back to the fact that the US beat Canada 2 to 1.
- [63:04]
B
Absolutely.
- [63:05]
A
Over time and took the gold medal and sent Canada home. They got a silver medal. They got second place losers.
- [63:14]
B
Meanwhile, US Skin, teeth. I got by there. That's what it's.
- [63:19]
A
They played a good game. They played a tough game.
- [63:22]
B
Well, I was. I'll be honest. I'll be honest with you, Jeff. I was really shocked that this was the stuffed animal that they gave to the Canadians. Police, losers put the Olympic rings on there.
- [63:39]
A
I don't know what this stuff. I think everyone got this stuffed animal, didn't they?
- [63:42]
B
Yeah, everyone got it. But it's just funny. Like, look, it's bad enough like you won the silver medal. It's depressing, okay? You gotta feel bad for them. And then they hand you some stupid stuffed animal like it's like the session trophy or whatever. It's like, what is this? Throw right in their face. But here is. Here's Kennedy, John Kennedy, Senator. And aoc. He's talking about aoc, but this is the baby version of it, which, which makes it even more fun.
- [64:11]
I
Congresswoman is kind of like Vice President Kamala Harris, but with more bartending experience.
- [64:18]
B
She.
- [64:18]
I
She has never. She has never been accused of being a policy maven. You put her in a presidential primary with Elizabeth Warren or Rahm Emanuel, they will devour her like a light snack. I probably shouldn't say this, but she can. She can get me back. Somebody told me a joke today. They said, Congresswoman Ocasio Cortez announced today categorically that she is not a moron. And she went on to say she hasn't even been to Utah, much less embrace their religion. Now she can get me back. I don't. I don't dislike the Congresswoman, but. But our plan for dealing with her, as I've said before, has always been Operation Let Her Speak and so far it's working. And my. My message to. To. To my friend the congresswoman is you go, girl. You just keep it up.
- [65:19]
B
It's just so much funnier when it's in the baby version. I don't know why this channel does this. The best thing ever. Well, guys, before we get out of here, I just want a big thanks, big shout out to one rough weekend for that big support. And also Mark Smithson for the support as well. Thank you, guys. I really appreciate that. It does help out a lot. Really appreciate it. Much love.
- [65:39]
A
Could have handed players a bed of bag of badass.
- [65:42]
B
We didn't even. We didn't even shill anything tonight, Jeff. This is like the non chill broadcast. No bad badass yetis. We are now. We're subliminally. We're not gonna. We're not gonna convince you or we're not even asking you to go to XRP Cafe and purchase one. We're not even asking you that. Or get a bag of coffee at. At Badass recall. We're not. We're not doing it tonight, Jeff. We're not doing it.
- [66:04]
A
That's right. We're not telling you to scan that QR code.
- [66:07]
B
No, don't scan it. Do not scan.
- [66:09]
A
Go check out do not scan that barcode and do not buy anything on that site of badassery coffee dot com.
- [66:15]
B
Right? And we're not pitching merch either. We're not doing that. So none of that tonight, guys. So anyway, that's all we got tonight. It was a short one. Felt like a short one. It's just a normal one coming on two hours yesterday. But it's time to get out of here, guys. Really appreciate you guys coming in. Have a great rest of your week. I'm sure lots of fun things will unfold. We'll see you back here on Wednesday, Jeff. Anything before we get out of here?
- [66:36]
A
Wednesday, 8:00pm Eastern Standard Time. We'll see you on the next one. That's it. Let's get out of here.
- [66:42]
B
Chipping, Jeff. Oh,
- [66:46]
A
are you down with otc?
- [66:48]
B
Please, like, subscribe and click the bell to be notified when the next video drops.