← On The Chain - Blockchain and Cryptocurrency News + Opinion
On The Chain - Blockchain and Cryptocurrency News + Opinion
XRP Just Flipped Solana | Dubai $16B on XRP | Tariff Shockwaves Begin
01:54:27
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- [00:02]
Jeff
Welcome to on the Chain. This is Jeff here with co host Chip. What is going on, Chip? What's going on, everybody out there in the on the Chain world? And welcome to on the Chain, where crypto power and geopolitics collide. This morning, something just shifted. XRP just flipped Solana in real world asset tokenization. This is exciting. Dubai's moving towards $16 billion in tokenized real estate. I'm super excited about seeing the development over there. And that's all on the xrpl. That's right, the XRP ledger. And while that's happening, the Supreme Court, there was a lot of noise yesterday. Supreme Court, well, they're actually, they're ruling expanded tariff authority. We're going to get into that a little bit more because most people read it wrong and the global markets are already reacting with that increase of 10 tariff across the board. We'll get more into that. This isn't noise. This is structural movement.
- [00:59]
Unknown Guest 1
Yeah.
- [01:00]
Chip
And behind the scenes, Jeff, there's institutions that are positioning. XRPL just overtook the Solana. Like you mentioned on that, you know, real world asset value. If you think about ripple pushing clarity legislation, being a big advocate for having some kind of clarity. Dubai's launch in secondary markets backed by land registry integration and custody infrastructure. And so meanwhile, this terra power just escalated at a federal level. This is probably one of the greatest stories of the week and I'm super excited about, you know, diving into that. And so when you think about financial rail shifting power of sovereign countries also and shift at the exact same time. So you kind of have to pay attention here.
- [01:42]
Jeff
You really do. On today's video, we are going to break all of that down. The XRP Phi and putting XRP to work. Dubai's real estate tokenization, the Clarity act fight over in Washington and tariff shock waves and what they really mean for global capital. Chip, you ready to get in this thing?
- [02:01]
Chip
Let's go. Welcome to on the Chain. Welcome to on the Chain, everybody. Good morning, good afternoon, good evening, and good night. Thank you, everybody. Good night. Good night, everybody. And then, boom, we're off. That's it. We're off.
- [02:22]
Jeff
We're in love.
- [02:23]
Chip
Watching your politics, nearly as good as watching Landman. Oh, good. Wow, that's a good. That's a hell of a testament. That's the greatest show ever. Thank you. What's funny, I was at a wedding, Jeff. I was at a wedding in December. It took place in Miami. And I got to talking to the groom's family and the dude's like, I'm like, so what do you do? He goes, I'm a landman. I'm like. He goes. He go. And I was. He kind of saw me do a little twitch. He go. I was like. He knew the next question was be like. Like the TV show. And he says, yes, like the TV show. And boy, could I tell you some stories. And his stories were just as good as watching the TV show. I mean, holy cow, these, some of the tax stuff going on. It was, it was super exciting. So Pittsburgh, baby, in the house. Morning. Pittsburgh, Pennsylvania. USB Canada. Tomorrow, guys. Tomorrow morning. You're going to want to wake up same time, 8:10 tomorrow. 8:10am tomorrow. Almost the same time. We went live h, give or take a few minutes. USA back playing Canada for the gold medal. We saw the women bring the house down. The women, the women's hockey team this year. There hasn't been a dominant team in the Olympics like this probably ever. I mean, especially in the women. Amazing, Jeff. They, they had only two goals scored against them. Three go four. Three go three or four goals the whole time. They had, you know, all these periods of just no goals, you know, shutouts. I mean, just. It was so dominant, I mean, in the goals. And you know, with two minutes left, you're watching on the seat of your pants, watching the cat, the captain go in there and score a goal to tie it up. And then we're four minutes into overtime. And that was a great, that was a great goal where she beat the defensive in, you know, leave the puck and boom, right through the legs. Gosh. Exciting to watch, really. Hockey and you know, it's one of the few sports that I've watched, you know, like basketball. When I watch, you know, the wnba, I watched here in the US and you know, they can't even hit layup shots. I mean, it's just, it's just not great play. There's a couple, there's like five or six great players. Everything else is just. But when you watch hockey, even these, I don't care who they play, just the level of play was, you know, it's pretty exciting. It really isn't a women's league here in the U. S. There's really not an outlet in a lot of countries because, you know, they're, they're hockey team. If they have a league, it's not for women. I gotta say, I was pretty impressed with the level of play. It seemed to exceed other type of sports. You know, same thing in soccer too. There's a women's national team. You have national Teams, but you don't necessarily have your. Your league, so that's great.
- [05:03]
Jeff
Oh, yeah.
- [05:04]
Chip
Billy Bob's the man. I love those one liners. Yeah, those are. Yeah, that's the King. The writing on that show is very strong, man. Very strong indeed.
- [05:13]
Jeff
That was a great show. I just. I couldn't stop watching it. I had to watch. And there's the. The next season coming out. So once I got into it, that was. It. Sat down, had to watch every one of them between that one and. And the. Tulsa. Tulsa King.
- [05:30]
Chip
I haven't watched Tulsa King yet. That's.
- [05:32]
Jeff
Oh, my God. You gotta watch Tulsa King. Oh, that's a.
- [05:35]
Chip
You know, Jeff, I'm just. I'm just catching up with the. The. The. The next Game of Thrones. There's a. Like, it's a. And I watched the first episode, and I was like, a little slow. Second episode getting a little bit better. But I've heard it gets really good. And you've never seen Game of Thrones, so don't even talk to me right now.
- [05:51]
Jeff
I have not watched.
- [05:53]
Chip
That is not. You are not allowed to even be on the show if you haven't watched Game of Thrones. What's cool about you watching Game of Thrones? Like, what sucked about watching it? You know, if you waited for seasons to come out, you're just. You're like, dude, like, how many seasons they have? Nine or whatever seasons they had. It took 12, 15 years, whatever. It was a long time. But you get to binge watch it. And I remember when I first watched it, it was three games. It was three. My buddy's like, dude, you'll love this show. And I'm like, okay, I'm watching the first show. Mildly entertaining. Second show, I'm like. In the third show, I'm like, dude, does this get any better? I'm like, thinking. He goes, oh, it gets better. He goes, stay with it. I did. And I was happy that I did, because it is a freaking.
- [06:30]
Jeff
A great show, I'll tell you. You know when you have a good show when you can binge watch it and you don't lose attention. Like, some of the shows, they're good shows to watch if they're spaced out, but then when you. And when you start binge watching them and you realize that every single episode is exactly the same, same exact format, and then eventually it just gets repetitive and redundant and you're like, hey, I like the characters. I enjoy watching it, but I just can't watch it anymore. Because.
- [07:00]
Chip
Understood.
- [07:01]
Jeff
You know, be like, watching the same thing over and over. But when it develops like Walking Dead, the Walking Dead show, that was amazing. I didn't watch it when it was played and when they were releasing, I. I watched it to binge watch it
- [07:16]
Chip
best way because you don't. You don't lose. But a lot of. There was a lot of like that
- [07:19]
Jeff
developed that was insane.
- [07:21]
Chip
But there was a lot of filler. It's got accused of being a lot of filler episodes. But, you know, once you see. What I liked about Game of Thrones was they had this massive budget and they were able to. Every one of them seems like its own little movie, like in. And like you string them all together. There's such continuity, which is really great. So I don't know if there's any people that love the Game of Thrones, but I came to it late. I mean, what was funny was I came to it right before the last season. So I had to wait for the last season. I had to wait every week and every new show and a new show and it's kind of boring. It was like I watched the Last of Us. I love the first season. Second season was a disaster. A lot too much miscasting going on in that. Yeah, I, Yeah, it's just good story, but just didn't really fulfill itself. But anyway, that's. That's enough of that. Enough of our entry morning banter. We never know where it's gonna go. We don't have a. Someone, there's a comment. We're off much.
- [08:17]
Jeff
There's so much to get into today. Whether it's from a crypto perspective or once we get into the geopolitics and we talk about the tariff rollout, we talk about the McConnell trapped in like a deer in headlights. I mean, there's so many things that happen. The, the level of fraud that's being committed, the things that are being uncovered. We, you and I were talking about that young kid, Nick Shirley, uncovering all sorts of fraud and corruption. And it's. And it's happening at such a fast pace. There's another video in here. A guy got in front of the legislature in Minnesota, you know, calls them out, you know, brings them to the mat as they're trying to mock him, you know, and it's. It's just, it's. And he calls them insurrectionists, you know, and. And it's amazing, you know, how they, you know, try to mock him and that. That's a. There's so many amazing things that happened just over the past couple days. Hard to. It's hard to keep touch, keep track of everything. And actually there's a good statement. You remember Macron made some, some flippant comments on free speech. So guess who, who commented on that. We have an article, we have a, some commentary from David Schwartz on that one.
- [09:26]
Chip
Oh, that's, that might be one of my favorite things and it's great. I think, I don't think we would have seen that exact sort of a post on X had it not been for. I mean he's a board member at Ripple now, but he doesn't have that day to day grind of being the chief Tech Officer. I think I've seen David, you know, when he was interviewed for Community Day, Crypto did an amazing interview with him. You guys got to go back and watch that. It's just fantastic. And I think what's happened is I think David Schwartz can finally be himself. I think he was always skirting around it, but I think that, I think that he's a little bit more relaxed when I hear him in interviews. I think he's got like more high energy and it's just really refreshing to see. And he's coming up next Friday. He's going to be at the XRP Australia. That was the event that Jeff and I mc last year. We're not going this year. It's a, it's a lot of distance to travel for one day. Even though I'm really excited about the lineup. It's going to be so many great. It's the best, it's the best line I've ever seen. Hugo's gonna be there now from fl. It would have been nice, you know, and just would have been, you know, such a great thing. But you know, I don't think we even realized it last year, Jeff. The travel time from Miami, 6 hours to LA, 9 hour layover, 16 hours to Sydney, then 2 hours up to the Gold Coast. That was a lot like you're talking about almost 24 hours of travel.
- [10:45]
Jeff
Yeah.
- [10:46]
Chip
Plus on top of being staying up that entire day, it just, and you know, when I came back it was two weeks of just being. My life being wrecked. I couldn't even get back. Even coming back from Japan took me I would say about 10 days to re acclimate. I'm pretty good at going places and figuring it out and sleeping and. But coming back and trying to function on that time schedule when you're not on vacation, it's like. Yeah, brutal dude.
- [11:11]
Jeff
Flatliner. 4:30pm look at that. It's good to see you On. We haven't seen you here for a long time.
- [11:18]
Chip
From Turkey of all places too. Yeah. Well, I saw your post the other day. You said you missed the last two shows and guess what? I missed them as well. So it's good to be back again because I was. I was with. Doing a family trip. I was in. I was in Nashville, Tennessee, which is great. It's weird. It's my first time ever being there and people are like, how did you wait? So I'm like, I don't know, man. It's like, yeah, I didn't have on my bingo card that I'd go to Japan before I went to Nashville. I just didn't. You know, it's like it's not that far away from, you know.
- [11:48]
Jeff
Yeah.
- [11:49]
Chip
You know, it's middle of the country, but it's not. It's not like you're going to like Washington or LA or something. So it's not a big draw.
- [11:54]
Jeff
Yeah, it's awesome. Nice.
- [11:56]
Chip
So it's all good.
- [11:58]
Jeff
We don't actually. We're not doing that drawing today.
- [12:00]
Chip
No drawing today, guys. So we need to.
- [12:04]
Jeff
Need more yetis.
- [12:05]
Chip
Yeah, they're. They're over on XRP Cafe. So we just have to have them send some over to us because we sent them all over there when they send us some when we need them. But yeah, to be. They're waiting to be minted by you guys. So if you guys want to. In this, in this interim, go. If you want to help the show, you enjoy the show, go over to XRP Caf Cafe and go ahead and type in yeti at the top badass Yetis and then you'll see the blue tribe or the white tribe. Pick one. It helps out the show. If you want to support the show, it's a great way.
- [12:35]
Jeff
Hey, we got. We got a nice shout out from XRP lion also as he gave us a shout out because the badass Yetis are in the X spec verse. So if you're out walking around X spectre.
- [12:48]
Chip
Yeah. See if you can pull that up while we're getting into this a little bit.
- [12:52]
Jeff
Find it now.
- [12:54]
Chip
Yeah, change the crypto. Well, we know who you are, dude. Don't worry. We know you. Poker. Poker. Map says smash the like, you know, it's so funny. I like the last two videos I watched like on the, you know, on over there on YouTube. I watched the whole video. Like some was like I watch a lot of AI stuff. I. Most of the stuff, I'd say 98% of the content that I consume is AI and why I'm not doing an AI podcast is beside me. Almost my whole world is consumed by AI. It's like, you wouldn't know that, but everything I do is AI. It's all driven by AI. My AI subscriptions are massive, what I spend money on, and they're about to increase this weekend. But that's some of the stuff that I love. I watched. I'll watch a whole tutorial video or I'll watch somebody towards 30, 40 minutes, and I don't like it. And then I, When I was going back to reference two of them, I go, oh, I never. I never hit the like. And this is just something that happens. So it's annoying hearing that, you know, oh, you gotta hit the like. But you know what? I'm guilty of it, too. I don't necessarily always do it.
- [13:55]
Jeff
Hit the like. Give us a follow. And here you go. This is from XRP Lions. Do you have a badass yeti yet from Get Badassery with Jeff and Chip? There you go. I bet you don't. Check them out. Inside of Expector. Blue tribe, white tribe. And look at that. Look at these.
- [14:13]
Chip
Jeff, throw that. Throw that in there because it has the. Both links to the. To the yetis there. Look at that.
- [14:17]
Jeff
And there you go. There's our storefront.
- [14:20]
Chip
Stop, baby. Badass.
- [14:23]
Jeff
It's our storefront over in the. In the X world. Yeah. So we gotta. Gotta get that all figured out.
- [14:30]
Chip
So check it out, guys. Put that post in the chat there. That way it's got both the links. But go over. You like the show? Let's see if you like the show. You say you enjoy it. Let's see if you want to go ahead and support it. Because Jeff and I have always said as long as we got to keep the lights on over here, we're not coming out of pocket to do it. We have streaming software we have to pay for. We have a lot of the stuff that makes, you know, helps us make the thumbnails, and there's software and all. And other expenses with this, that. That we have. So go ahead and check that out, guys, and go ahead and smash it. There you go. You see, you forgot. There you go. All right, let's check it. Let's check this out. Jeff, let's start this up.
- [15:06]
Jeff
Go ahead. So, Chip, I'm. I'm excited about flare, as I. As I know that you are and, you know, many others out in the community are excited about flare. Lots of news dropping on almost a weekly basis multiple times per Week last show when you were, when you were out, we did a lot on Flare. Covered a bunch of different things happening. But here you go, here's more ways to put XRP to work. So from the Flare post, from Flare Networks, looking for ways to put XRP to work. Well, the XRP5 site aggregates earning opportunities across the flare ecosystem all in one place, which is really cool. Including the current APYs and APR is shown for each option. So you can compare quickly. Right. We want to know exactly what kind of return is possible. Explore, Filter. Choose what fits your approach and when you're ready. There's actually tutorials Everyone always asks about, hey, I really want to be able to do it. How do I do it? Well, they built some tutorials in there as well, so go check it out. Lots of stuff happening over on Flare. We're going to have to get Hugo on here. He's going to Australia, so when he gets back, we'll have to make sure that we get him on the show. Need to spend some more time digging into what's happening. These guys are going places. Keep your eyes tuned into exactly what they're doing and all sorts of cool things to be able to get some return on.
- [16:33]
Chip
But just remember, uh, you know, calculate your risk to this. There's nothing without risk. Anytime you are, you know, engaging in this kind of thing. But, you know, we don't want to make sure that, look, you need to do your due diligence. There is risk involved. There always is risk involved. But, you know, as I like to say, is like, you know, no risk, no reward. But it's up to you. You need to identify what risk works.
- [16:54]
Jeff
Is it risky? Is it risky?
- [16:56]
Chip
Everything's risky, Jeff. You know, potentially everything's risky. Yeah. So there you go. And, you know, interestingly enough, you know, we've got this clarity act that's happening right now. The clarity acts get kind of coming together and, you know, with. With that too. We saw Brad Garlinghouse on cnbc. He's starting to seem like a little bit of a regular over there. It's so funny. It's so great to see him over there, but he's talking to Maria Barceloma and a little bit. Here's a little bit of a piece on the clarity act that he was talking about. And we got a post from Stu, too. Stu is at the. Over there, you know, mixing it up. You had a seat at the table and it's great to finally see an administration that brings in the pros, people from all, you know, that are in the US that are some somehow attached to crypto, whether it's coinbase, whether it's a different exchange, whether it's a project. Having these seats at the table is vital. And this is what you call collaboration because governments are going to government, right? You know, they're going to do their thing. There's a lot of wacky people in there. It the community of these people that are in, in the actual business of crypto and blockchain every single day know what's best. They know what they need to actually make moves and have what Trump says that the US be the crypto capital world, can't be the crypto capital world without clarity. So this is the whole idea of the Clarity Act. But here's Brad Garlinghouse on it.
- [18:18]
Brad Garlinghouse
Our view is we need clarity. You know, Ripple has been fortunate and we got sued by the US Government and had a judge, a federal judge say XRP is not a security. We have clarity. That's brilliant.
- [18:32]
Jeff
And you got that clarity in the Genius Act.
- [18:34]
Brad Garlinghouse
We did get with the stablecoin market, got that clarity, the Genius Act. But the industry, the crypto and blockchain industry in the United States needs the same clarity that Ripple had to fight for in the courts. And I think for, for this.
- [18:46]
Jeff
XRP is a security, XRP is not a security.
- [18:49]
Brad Garlinghouse
And that's what the courts ruled very clearly. And so we were very happy to have that. But the whole industry can't live in limbo. And so our argument is the Clearance Solidarity act. It needs to get done for the industry to thrive here in the United States.
- [19:00]
Chip
So how do the rules differ when you're overseen by the cftc?
- [19:05]
Jeff
Since the CFTC will oversee non securities
- [19:09]
Chip
and the FCC will be in charge of securities. Correct.
- [19:13]
Brad Garlinghouse
So if something's a security, you have all kinds of obligations because you, if you own part of a company, it's a security. Then you get dividends, you get right title. Title and interest to governance rules, who you elect, the board of directors. That's not true in the crypto industry. And that's I think the false narrative that the Biden administration, the war that the Biden administration waged on crypto ultimately failed in the courts. And I think it was failed. The United States failed the people of the United States. And I think trying to push it into a securities framework that was developed literally 80, almost 100 years ago never made sense. And I think the courts have clarified that. And if we get the Clarity act passed, I think the whole industry can continue to thrive here.
- [19:57]
Chip
It's so funny. She's. She's like. But you got the clarity. The, the genius Bill. No, that was for stablecoins. You know, it's. And it's funny because a lot of times Maria really seems up on this stuff. But. So it is a security. No, it's not a security. But I don't know that if that was for. To bring the point home or not. But interestingly enough. But if you guys did go to XRP Community Day and lucky enough to get one of these bad boys, there it is. It's the XRP Community Day sweatshirt that I was able to. And it is a little bit hot, Jeff. I'm not gonna lie. I wore it for the show, but you don't even see it on the show. And I'm kind of sweating. It's a little bit hot in here. I need my short sleeve shirt on. But. And if you roll the sleeves up then it just stretches it out. It becomes a mess. But it is a warm shirt. Really nice of Ripple too. Give some of those out. Although Brad Garlinghouse did sign a few of them and I was like, first thing I did was like, do I have a signature one? Nope, that's okay. And that's where I wish I was going to XRP Australia and I could get Brad to sign it in person.
- [20:56]
Jeff
But.
- [20:57]
Chip
But yeah, very, very cool to that. They were giving them out and they helped. Only had a certain number, so I know a lot of people didn't get them. I just happened to hit at the right time. I was very lucky. I didn't expect to get one. So I was even a little bit. Even happier. It's so amazing, Jeff, what I'm seeing with these. With the, you know, the, the crypto media really starting to take a big interest in what's happening with Ripple with the XRPL where before it was ignored. Right. So you do see a little bit of a. A turn in the tide. You do see that. There's a little bit more like for. Here's Frank Chaparro and Frank is the founder of. Publisher of the. What do you call it? The block. He's a founding reporter over there and he has not always been that. That kind but here he posts up here the new Dubai that plans to tokenize 16 billion worth of real estate by 2033. Already 5 million in properties been tokenized. The XRP ledger with title deed backing, land registry integration and Ripple custody support. That's really, that's a huge post coming from Frank Chaparo who always hasn't been that friendly, but again, reporting on the news of things that matter. And I'm glad that he, and I'm starting to see the block report on more of this. Jeff.
- [22:12]
Jeff
Yeah. So, you know, you think about the direction that things are moving in right now, the fact that they're picking it up, obviously they want to pay attention. Everything has been so Bitcoin centric Micro strategy had a big part of that. But now as we're moving from speculative asset putting store of value into treasuries, we got to find the real world use cases. There's been so much discussion over this. The, the gloves are off, you know, the shackles are off and now development with the XRPL can take place. And the interesting thing is we're not seeing mass discussion on tokenizing assets on many other chains, you know, to this extent, to this level. And obviously there are, there is and it's happening. But what's going to happen with the xrpl? The potential that everyone's been discussing, that we've been talking about for all these years is becoming, to realize itself. Now what happens, forget, you know, putting the XRP token asset evaluation aside, but the development within the asset class, class and, and within the technology is, is very, very important. One of the things that, you know, actually I was at this, that meetup last week that I was telling you about and you know, they were asking me about XRP and the, and I was telling about the, the potential and the technology that's built into the xrpl. I said, you think about the use case, the utility Bitcoin strictly store of value in, in, in treasuries around the world. People want to make sure that they have a, you know, a steadily climbing asset Ethereum and we don't hear a lot of, a lot of noise anymore from the XRP crowd about the negative attributes of the Ethereum foundation. All that stuff, all that noise kind of went away. But the point is that Ethereum is a massive foundation. It's a massive project and because of Ethereum we actually have all sorts of crypto assets out there and all sorts of projects because of the ERC 20s and we have lots of other projects that spun off of it with use case and allowed for the development of the crypto space. Without Ethereum we wouldn't be, we're at, without Bitcoin we definitely wouldn't be where we're at today. And now as we get into financial institutional play, go fast forward a couple years and people are going to look back and, and they're going to say we're at where, where we are, where we are today because of the XRPL and that's because of the big institution play, because of the built in the decks and because of what Flare is going to accomplish also building off a cross chain. But we're going to see development and expansion of the XRPL and a big part of that's going to be tokenization, financial institution movement of money, the escrows. We're going to start seeing more of the smart contract cross train, smart contract utilization. We haven't even seen the direction that this is going to go into from a B2B perspective. Before it was all just fun and games. Now we're going into serious real world stuff and again couple years in the future we're going to look back and show how impactful the XRPL has been on that development. As much as Bitcoin has been and as much as Ethereum has been. That's my opinion. What's your take on that?
- [25:44]
Chip
I could have said any Jeff, I couldn't have said it any better. I don't really, I can't. I don't think I have anything better to add to that. What you just said, I mean it's 100 spot on that we are starting to really see a little bit more maturity which is what was needed. The groundwork was always there but it's, it's important that we get there. And you know Luke Judges commented on this saying it's the XRP ledgers winning in mia which is Middle east and Africa Secondary market trading went live for these tokens last week or this week another huge unlock. So again you know this is, there's, there's a lot of, there's going to be a lot of room for a lot of different chains to kind of come in. But you know like I said there's XRPL has a lot of distinct advantages and all this stuff that the amendments they've been adding lately you really have to do with institutional and are going to make it even more exciting for expansion. Reese Merrick talked about this as well. He said he was thrilled to see phase two launch for Dubai Land department real estate tokenization project building on the pilot controlled secondary market trading now live for those tokenized properties on the XRP ledger secured by Ripple Custody via our partner control altco. You know and this is what it's, that's what it's all about. But again we see Ripple Custody, you know having a big part of this as well and that custody side, again, this is all stuff that through acquisitions where it's not this. You hear a lot of the same people out there talking. The narratives from 2018. These, these are not the narratives. We're not trying to. We're going to replace Swift and tomorrow the XRP is going to be the global currency. It's going to be the reserve. No, it's not. Okay, it's not going to be any of that. But these weird narratives are still being thrown around out there. It's a joke. And then of course, another person that will be at XRP down under over in Australia is going to be Ashish Burla, who's also going to get on the show this year. He said he would, he's just been super busy, but we'll get him on the show. But he put out this monster host, which is awesome, late last week. Of course, he is the CEO and founder of Evernorth. Late last week, the XRP ledger overtook Solana and real world asset tokenization value, which is huge because they had a pretty significant lead and leaderboard change signals that the institutional blockchain adoption is accelerating. Jeff, we've been talking about that for a while. That's what it's about. Here's why it matters and what else to track. Number one, real world assets are where crypto meets the traditional finance. So tokenized funds, your credit, your treasuries and stable value instruments. When real world assets activity grows on a chain, it means that institutions are building there. XRPL is seeing meaningful traction from institutions that value guardrails mirroring existing market infrastructure. That's where the win is that, that's
- [28:33]
Jeff
a major win chip. That, that's something that, you know, gets lost in the narrative, in the speculative narrative. And that's it right there. I mean that, that's massive. You need to have the value guard rails that. Look, we want to look at existing market infrastructure. We want the protection you want, the trust you need all of these components. And that's, and that's exactly what we're going to see. And that's the direction things are moving in. I like this conversation over the tokenization of real world asset and what that's going to mean. We haven't even tapped any surface on that yet. You know, we discussed it do Dubai's, you know, playing in that with real estate. We don't have access to what that means over here. You know, you can do peer to peer lending, you can do peer to peer real estate lending. You can have fractional ownership. Okay. You're getting a taste of it, you're not getting a taste of it when it's on the blockchain with a tokenized real world asset. And what that, that valuation of your token, what that means. Imagine I, I can't even, I, I'm, you know, just kind of thinking, you know, forward of how, how simple and fast you'll be able to move a tokenized, your, your token, you know, so if I'm holding real estate and I'm holding a part of it chip, I could easily, you know, that's value, I can move it over to you. And now all of a sudden that ownership and what that means for liquidity for these big real estate players and, and big ventures and others, even smaller venture, you want to go to a, a, you know, some sort of a peer to peer lending platform that's doing the same thing and getting that tokenized value and realizing gain, you know, so if you're going to hold the token and they're gaining and they're generating revenue now, you're getting your percent increase off whatever tokens you're holding. This, this is really changing how money is going to be generated. The, the institutions are looking right now and they're, they're monitoring what's going to happen and it's, it's crazy. A lot of the fight and AI chip, this is the other thing. When I was at that tech meetup, I had told the finance guy over there, I said, look, there's only two things you have to be concerned about as a finance guy. One is crypto, the other is AI because this Intersect that's about to happen, you start tokenizing real world asset. From a financial perspective, we don't need all these people that are going to be middlemen to help move this stuff around. I just need AI and I need to simplify my access to this tokenized, this tokenized asset. And, and that's it, you know, and probably we're investing all over the world.
- [31:20]
Chip
Like, I probably looked at you like you had three heads.
- [31:22]
Jeff
Like, I'm sorry, He kind of did, yeah.
- [31:26]
Chip
He's like, come again? Yeah.
- [31:28]
Jeff
And he wasn't, he wasn't an independent player. He worked for a major group in New York.
- [31:33]
Chip
That's exactly why he doesn't know what's going on. That's why he's like, what kind of, right. What kind of sorcery are you talking about, kind sir? You know, I mean, it's like, it's, you know, it's amazing all this stuff, but people don't even realize the revolution's coming for you know, especially the, you know, being in, you know, SaaS based, you know, enterprise software sales for a long time Jeff, that SaaS business is going away. You can now. Yeah, you know you can basically spin up clock code now. You can basically do almost everything you wanted to. It used to be hard to put features and it used to be hard to do. You know there's when you're doing like you know, testing and qa, you know or your test net used to be just so hard. Used to have departments on that AI run through it all that it'll fix itself. It fixes major problems, it'll find the bugs. A lot of times you had something in the code that was legacy from three years ago that was because every time you'd stage something to production you would get, well, something else in the website broke. Well how did that happen? Well we don't know. AI finds it like that. You don't need a department, you don't have to mull over it. You don't have to worry about your sites down. AI finds it very quick with some basic prompting and right now we're still at the infancy. So what's happening to finance and all these industries are going to get decimated at some point by what's, what's happening AI and you know, launching your own AI agents. Ashish goes on to say that RLUSD's growth is another major signal scale from 0 to 1 billion plus in issuance within months last year. And distribution keeps expanding including full aggregation at binance this week. Liquidity is deepening and liquidity has always been the problem. So when he talks about the next statement here about decentralized exchange growth on the XRPL shows an increasing on chains participation. The DAX activity hit a 13 month high in terms of transactional per transactions per day to kick off 2026. And so all these signs that Ashish is kind of getting to here, you look at 2025 over here, you know over here, right and you see how it just, you know, kind of like it moves up and it's jumping all the way around. But look at the, look at the growth. So all of these are massive signs that are happening in multiple places about you know, the Dex obviously the first decentralized exchange ever. The whole concept that was something that was rolled out in the XRPL. The XLS 66 adds new important capabilities. It's undergoing validation. Every new primitive expands what can be built more advanced financial structures. You know, we're talking about better liquidity, coordination, more institutional grade tooling.
- [34:08]
Jeff
It's just massive. It's massive.
- [34:10]
Chip
It's a thing, Jeff. It's a huge thing. And it's nice of Ashish to kind of call this out about how exciting this whole thing has been and where we're heading, because it's something that must be stated. And when you think about Stu Alderadi, he. You know Patrick J. Patrick Witt, who I had the chance to see, like, I was in the second row at Swell, and I got to see him up close and talking about, he is the executive director of the President's Council over there, you know, in the White House for digital assets. So he's right there, man. He's right there on the front line.
- [34:44]
Jeff
Cool. Department of the War office. This is about him, is meaningful. That's really mean.
- [34:49]
Chip
You know what's funny about this guy? He looks like. He looks like he should be Eric Trump's, like, long lost brother. Like. And I'm watching him, like, he looks like a Trump so much. I'm like, he reminds me of a Trump dude. He has a lot of mannerism stuff.
- [35:00]
Jeff
But, hey, I just found. Talking about Eric Trump. Just found out a buddy of mine, he's up in the Palm beach area, and. And, you know, I was talking to him, the guy's pretty jagged, and we're talking about working out and. And he starts talking about Eric Trump. He goes, man, he's a beast when he's working out. I'm like, what are you talking about? He goes, that's my workout partner.
- [35:18]
Chip
Yes.
- [35:19]
Jeff
That's why I work out with every day. I'm like, seriously? That's what you're working out with? So when are you gonna invite me to come work out with you?
- [35:26]
Chip
Yeah, man, come on. Come on. Help a friend out over here. What's up? That's wild. Stu Alderati, who's counsel over there at Ripple, said many thanks to Patrick Witt for today's meeting. His continued commitment to get clarity across the finish line. We rolled up our sleeves, went through specific language today. Work will continue in the coming days. Let's get it right. Let's make the US the crypto capital of the world.
- [35:50]
Jeff
There's a lot that has to happen. You know, we have the most financial friendly president in. In recent history. Not just financial. Right. He crypto focused. Right. Wants to see the best of the best. I mean, the last time we. We had somebody in the White House, with an administration in the White House that wanted to see American exceptionalism was Ronald Reagan. How scary is that? Right? We haven't had someone that's been focused on American exceptionalism to have America as the leader of the world since 19. I mean, the first time, you know, was n. The 1980s, right. And so Reagan left in 88. And that was kind of the, the beginning of, I don't want to say decline, but kind of as for. From an American exceptionalism perspective, that was pushing the narrative of American exceptionalism, we started seeing a drop off, you know, from Bush senior through the Clinton years, even though the Clinton years, you know, because of Newt Gingrich, you know, we saw a lot going on, you know, the Contract With America, but we also started to see the fat of federal government expanding at a massive rate at that point, which led us to where we're at today, you know, so, you know, you have to give each one of them the responsibility of how they, how they fattened up, fattened up federal government from Bush senior to Clinton to GW To Obama and obviously to, to Biden. And we had that little taste of good life during Trump's first administration. And, and now here we're at today, you know, and this is super, super meaningful. And we're leading the world from a perspective of American exceptionalism. And we have to be a beacon of hope and, you know, and that beacon of freedom on the whole world. Right? Because what's happening, direct impact from that is what we are seeing in Argentina, what we're seeing in El Salvador, what we're seeing over in Japan, what we're going to see in Costa Rica, what we're going to see in Italy soon. You know, what we're seeing in Poland and Hungary. You know, they're all looking up and saying, this is leadership. This is what we've needed in the world. And, and now it's going to galvanize in that direction. We have three years. All of this has been done in one year. Three more years of this multiply. But what we've done, and it's going to multiply probably tenfold. It's really impressive, you know, so look
- [38:29]
Chip
at this crypto world said, I'll be glad to be back in Belgium. Really had the worst holiday in ages. First time the roof flew off the hotel and got evacuated. That's not something you really plan that's going to happen on your holiday, that the roof's going to fall. That sounds horrible. You know, why? You just. Your next holiday needs to be in Miami, man. Come to a real city that you're going to love that's going to be fun, full of sunshine. You know that you probably want to do that maybe next winter. Come in when it's, you know, when it's winter time, you can get away. That's what you want to do. You want to head to the U.S. my God. I think the biggest misconception people have about the US Is they can't believe how big it is, number one. And it's like all the states have their own separate little, you know, things. They all have their own government. They have a, you know, a governor that, you know, they have their own laws. And it differs from state to state. But I think people are always shocked. Like, somebody said, like, yeah, I'm gonna go to Texas, and. And it's gonna be cool because I'll be able to drive and see my friends in the U.S. i'm like, where do your friends live? Well, some live in Colorado, some live in Florida. I'm like, you're not driving anywhere. I mean, it takes you two days to drive across, you know, Texas. You're not driving. You know, it's like, Texas is massive. And, you know, if you look at Europe, you can fit Europe inside of, you know, Texas and a little bit more. It's pretty impressive, right? So I'm like, no, you're not driving. And people even look at Texas, you're like, oh, I could drive from there to there. And it's like, 14 hours. I'm like, no, you can't.
- [39:50]
Jeff
And people like, in England, seven hours to get out of our state.
- [39:53]
Chip
Yeah, I mean, like, you drive, Jeff, you drive like, you know, you know, my girls in. In Tallahassee, it takes seven hours to get there from. From. From. From Palm beach on a freeway. Seven hours and you're still in Florida. Yeah, that's the best part. And then if you go to the Panhandle, if you go all the way across the state, it's another three hours just to get into Louisiana. It's. It's. It's a big place, man. And.
- [40:18]
Jeff
And then you're over in Europe, and then imagine where you're at in seven hours.
- [40:22]
Chip
How about this question? Jeff, can you answer this question? Crypto up wants to know, when are you two going to disagree for us? Agree, there's one topic I can bring up that will bring up disagreement, and that's the Mac versus PC, iOS versus Android, that will get disagreement every time.
- [40:37]
Jeff
But I don't like the Mac. I don't like the Mac environment, and I don't like the Windows environment. You know, I think they're both, they both have their issues. I think Mac is oversimplified. You know, it's from a navigation. Windows Navigation.
- [40:51]
Chip
I haven't worked on a Mac in ages. You have not worked on a Mac and ages.
- [40:56]
Jeff
I'll never give up. I'll never give up my, my Android phone for an hour.
- [41:03]
Chip
I can copy on my iPhone and paste it over here. I got round trip it. I got all kinds of cool stuff.
- [41:08]
Jeff
I know, I know there's cool things. I mean I can do that too. I can enter. You know what's cool though? Yesterday I was at, I was at an event yesterday and I, and I was giving a presentation and I, I said here you go. These guys were a little bit not prepared for doing presentations even though that was. The whole point is that people had PowerPoints to present, right? They had a MacBook with two USBs and they had to use both USBs or no one USB. I take that back because one was the power, they had their. They were about using it for their power and the other one, they had to connect to the monitor wirelessly. I'm like seriously, you know, how am I now going to get you my presentation when I brought it on a thumb drive, right? So I'm like here, wait a minute, let me go on to Canva. Let me download it and I'll, I'll email it. And I emailed it to him and then he airdropped it over to the laptop. To his laptop.
- [42:02]
Chip
All I know is all the software houses moved over to Mac. Why? Because it has native UNIX on it and all, all the SAS companies now issue, they'll issue Macs all the time. They don't even want to mess around with that. And a. The security is 100 times better on them. So it's not a headache that it
- [42:19]
Jeff
uses a system based on Linux.
- [42:22]
Chip
Yeah.
- [42:23]
Jeff
Is it really?
- [42:24]
Chip
Yeah, it's Linux based is what it is.
- [42:27]
Jeff
I like Linux. Linux. I used to run Linux.
- [42:29]
Chip
Linux. Well, I think it's actually Unix but it's very. I mean the whole, the whole idea is, is that, is that devs can work in whatever environment they choose. But again even the devs moved over. Just you open it up, you click it and it works. There's no not downloading drivers, there's no drivers to update. Just the shit works. And you know, I connect to a printer, I just print. I'm not sitting there trying to figure out like. And it is, it is usa. It's simplified but simplified for a reason. I don't have to be because you know, I know enough about PC because my wife being a controller and she's always, I'm her IT support since we're both remote and I'm always having to go in there and you know, do a little bit of look up, look at here, click, click, click. And when I look up the Mac stuff I just, it's, it's, it's fixed a lot quicker so there is that. But I, I just like Streamline, you know, I'm a very visual person. I've never been a fan of Windows, I don't like the look of Android and you know, I like just the way that my Apple works across the board and I've been a fan for a long time. So there you go, that's where we're going to disagree.
- [43:29]
Jeff
But every other place my, my parents will call me up with their iPhone problems. I'm sorry, I can't help you.
- [43:38]
Chip
Well, I just know, I know people that I know people in my life. My, my son in law, he is moving over the dark side obviously. My daughter grew up on iOS and
- [43:51]
Jeff
she was a big app from iOS to Chrome.
- [43:54]
Chip
No, he's moving, he's moving over from, he's like, I'm finally, I'm finally going to do it. I'm going to pull the trigger. I can't, can't stay away anymore. I've been around it now that I see how great it is. I, I'm sorry to say I'm moving back over. I'm like, why are you sorry to say? This is good, you know, this is the whole idea and people like, oh, it costs too much money. I'm like, look, you always get what you pay for, man. In the end you get what you pay for. Like it or not. That's just the way it works.
- [44:19]
Jeff
Have you had with your iPhone?
- [44:22]
Chip
I haven't had that. Well, I had one, I had one critical issue in, in, you know, my last phone just season. Some weird thing happened to it but where it lost. But other than that I've not had any issues with any of them. Going back to the first one, Crypto says I'm looking forward to a blockchain backer is going to tell the guy who's becoming a legend. That was something really cool that Jeff and I got to hang out with him in Australia and really get to know him. Well yeah, we, we hung out with him for a good bit and it was really cool. And you know, we still text each other, you know, here and there and he was a, he gave an amazing presentation There. It was really cool.
- [44:57]
Jeff
We should bring him back on the show, too.
- [44:58]
Chip
We really need to get him back on the show because he's a really good dude. I mean, not only is he an amazing, you know, analyst, but he's just a great person, man. He's a great person. He's a family guy. He's a really good dude. I mean, really can't say enough great things about the guys. Really love him. He's fantastic. So, yeah, so it's really great. Let's, let's. Let's go watch President Macron. These people are absolutely nuts, man.
- [45:21]
Jeff
You know, moved and put in jail.
- [45:23]
Chip
Isn't it weird how they're all like, like their parents, like, they don't have any kids, they have, like, no growth, and they're married to, like, men. It's weird. It's a weird thing, Jeff. There you go. So this is talking about free speech here. Here he is.
- [45:36]
Emmanuel Macron
I saw a lot of people just quoting a small part of what I saw, what I. What I said. My point was just to say I. I do believe in free speech, but what does it mean? Free speech means I will listen to you, you will listen to me, and we are in an equal relationship. A lot of people defending free speech do it based on algorithm without any transparency, with a lot of bias and with their own political agenda. It's not free speech. And when people clearly help hatred speech, racist speech to be spread all around the place, it's not about free speech. It's a jungle. So I really believe in free speech based on respect and transparency.
- [46:25]
Chip
So what he just said there, Jeff, he doesn't believe in free speech.
- [46:30]
Jeff
Put up the David Schwartz quote if you have it up. It's perfect. I think it's right.
- [46:34]
Chip
Yeah. That was the whole reason we played. That is the share with David. And this is great. I don't think we would have seen this before, but here's David Schwartz there. His. His thought was, no, you complete and utter imbecile. Free speech means people may exchange ideas on any terms free from government interference. Political leaders imposing or preferencing the terms they like best is the exact opposite of that. Jeff, spot on. Right?
- [47:01]
Jeff
It's so spot on. I'm so glad to see him put that up there, you know, and comment, because Macron, just like some of the other on the left, they just have no more narrative. Not only have they lost the narrative, but they're out of touch with reality. I think they're, you know, they're the insane running the asylum at this Point. But David Schwartz is spot on. That's why they run around. Oh, hate speech. There, there is no hate speech. There's. There's just free speech. You know, if you don't like what they say, then move on. As soon as they threaten you or they try to impede your right of free speech. Right? That's, that's the line. That's, that's where you draw the line. If you're out, like when you have these people giving presentations and people intrude on your presentation. You have all these people that are. List are there to listen to you and they think it's their freedom of speech to interfere with that speech. That's where the line's drawn. Those people need to be removed and trespassed and they need to be put in jail. Right? If you want to protest outside the venue, that's your freedom of speech. You can protest all you want. Don't harass people. Don't get in people's faces. Don't block them from entry. Don't falsely imprison them. Don't touch them. Don't commit assault. Don't commit battery, which is what all the leftists do because the leftists are completely deranged. They've all, you know, they're all getting in people's faces and, and committing assault. They touch and they commit battery. They need to be arrested. They cannot impede and, and enter into buildings and trespass into buildings and intrude on people's speeches, Especially if you, you know, and so this is the narrative. So when they say, you know, he doesn't like free speech, well, how about we get rid of all your leftist stormtroopers that are on the ground, all your fascists, you know, and all, all your totalitarian foot soldiers that you put out there and remove it and that's it. Right. Then what fun is it? Exactly. You know, it's always fun to have discourse like that, but it's like enough is enough already. You know, these, this is a leader supposedly of the free world. This guy's not a leader of the free world. He was handpicked, put where he's at. The French need to grow some balls and remove them and get some real leadership in their country. XRP plumbing Chip mentioned something over here that the world doesn't want the US to lead. I say to that the world wants the U. S to lead because they have leaders like this. They have this, this guy, this effeminate guy, you know, running. He doesn't. He's not a type A personality. He's not a real leader. You know, he's not an Alpha. You know, he's actually a beta male that, that they put in place. And you have a bunch of beta males running around in quasi leadership position. But you need alphas that lead. That just, that's the nature of the world. Alpha leaders lead and the betas shouldn't, shouldn't be in that position. And they get, they get pushed around the whole world. People throughout the entire world want the US to lead. The reason why they want the whole world, that they want America to lead is because they know that America brings American exceptionalism. They bring financial growth, they bring freedom to the world. That's, that's it. That's what our symbolism is. That's why everybody in the world wants to come here. Why do all the legals want to come here? Because they know our is so much better than the they're coming from. And that's it. That's just how it is. Chip. I, you know in Europe, Europe and Asia building and that's XRP plumbing. This guy, this Macron character. Yeah. Europe's building their financial Internet. Yeah. Good luck with that. Bricks. That was a bomb eu that's a disaster. They don't have what it takes. They just, they don't have the mental fortitude to pull all the pieces together. I'm not saying there's not bright people in that region because they're very brilliant people. They just don't have the fortitude to pull it all together and navigate what it takes to lead on, on a global scale.
- [50:58]
Chip
Yeah, no, no offense, crypto. Well, but governments, let's clarify this. Governments do not want them to lead because it's upsetting them and showing them what a bunch of cucks they are. And I said it. They're a bunch of cucks like Jeff said. Right. Just a bunch of losers. But you know where we're hearing it from? We're hearing it from people all over Europe. Go Trump, go US the government. You're right about that. The government doesn't like the U.S. canada decided not to like the U.S. because they thought they were going to play ball. Do you know that Canada's poorer than Alabama? Do you know Alabama is like a shit state here that does really poor in business. Canada is poorer than one of our poorer states. Are you kidding me? This is what's happening. You want to look at the growth has been anemic in Europe. Why? Because ineffective effeminate leaders that Jeff's just talking about, they are losers. They are the woke crowd they're going to do this. Look what happened to Germany. Germany's been decimated. And Jeff, you can talk about some, some folks you just ran into from Germany, but when you think about Germany, they have these, they, they owned design. They were the best in the world at design. They were the best in the world at car manufacturing, manufacturing anything. They were the greatest spirit that lived. I mean, they were amazing. I always looked up the German design, always thought it was incredible. And you look at, they closed down all their plants because, you know, climate change, which is a hoax. It's a complete bullshit hoax. The whole climate change thing. Climate change. And the climate change that people talk about is not those that hot, warm, cold that the man's creating it. No, man's not creating it because there were hotter temperatures going back in time. We've only been tracking it for a little bit over 100 years. We're going to basically then encapsulate thousands and millions of years into like this climate change. So what happened? Well, the power has become so expensive over there in Germany. The manufacturer is moving out of Germany. Jobs are being lost left and right. They're relying on ineffective power like solar and all this other bs and. And then what's happening to the cities? They're getting run overrun by foreigners. You go to. Jeff, who are you just talking to? You were just talking to some.
- [53:02]
Jeff
Two colleagues came over from Germany and won't mention the industry they're in. But. So they came over and we were talking about. And I said, look, I haven't been to Germany in a couple years. What's the, you know, how are things going over there? Because I saw kind of the trend when, the last time I was there. And he said, and where. He was saying, well, if you want to see real Germany, you, you can only go to, to Munich, like southern Germany area. You know, go to that area still real Germany goes everywhere else. It's difficult. And he said, don't go to Berlin.
- [53:35]
Chip
Like.
- [53:36]
Jeff
What do you mean? You know, like Berlin. You know, it was interesting because of, you know, East Berlin and seeing the, the difference between what it used. But he said, don't go to Berlin. It's dirty. You walk around there. It's dangerous over there.
- [53:48]
Chip
You.
- [53:48]
Jeff
He said, don't go to the, to the main train stations in most cities because they're dangerous. You get picked. I mean, you got to go there. But he said, be careful. But that's where there's drugs and theft and all these things going on that never existed before. But he was saying, Berlin is just a dirty city now. And he said, as you walk around the city, he said, you almost never hear German spoken. He goes, you hear all sorts of languages he doesn't recognize. And so the whole narrative of the infiltration and, and hey, you want to come over and, and benefit Germany because you're coming there to help build up Germany, hey, that's great. But that's not what happened at all, right? It's the exact opposite. It's the exact opposite. The EU was, has devastated the European Union. Has nothing to do with the Zionist banking cartel. I, I don't know what. It's always the Zionist, right, but that's an extra.
- [54:40]
Chip
Always.
- [54:40]
Jeff
It's always, always the Zionist. It's not just, look, put, put the blame where the blame is deserving. You know, it's on the eu. Leftist entities, the leftist organizations like Soros, you know, they want communism, they want socialism, they're deconstructing the positives in the world and they're decimating Europe. But the Europe was decimated because of the eu. And that's one of the things he said. The big shift happened after the 90s. Like up through to the 90s, things were great in Germany. But I remember years ago when I started going over to Germany and I would talk to people about this narrative with the eu, and he was like, man, this is, it's horrible. The German, the people, I don't know, but the government, the people don't like the European Union from that perspective because the entire EU was being financially supported by three countries, by Germany, France and, and England at the time. England's out, right? So then France and Germany, but Germany bared the weight of the financial support of the eu. Take Germany out of the narrative. But then you think about over all the years, how many other countries within that EU actually suffered because of the difference in the economy and the economic structure and prices went up and people suffered. Like in Greece, you know, there, the EU wasn't. It was, you know, just, it was not a good, a good test. It's not our standard. They try to, they try to replicate what we have over here and only take a part of it. A part of it didn't work. Doesn't work.
- [56:08]
Chip
You know, it doesn't work at all. And it's so funny. It's like, for example, like, you know, I ran this group of like, you know, you're. This is great. My wife is from Romania. The US is the standard and it's, I'm talking about the people. I think crypto wells, I think his, his comment is on, on, right on, right on. When you talk about governments, but you're upshifting. What's the narrative that's changed and you start seeing the, this wave of conservative sort of like, you know, just don't even call it conservative liberty. Just call it like you know, exercising some ability to reason and think like a normal person. Right. You've had. And the problem that Germany's dealing with is being dealt with all over. You don't have assimilation. And look, look, we have, I have nothing, no problem against people come here peaceful and they want to bring, they bring the best of what you have but assimilate, you know, but if you refuse to ever speak the language, if you refuse to ever, you know, second generations do anything. I mean, you know, second generations. I where I saw recently where a guy was, you know, he was in, he was in one of these city, he was a young kid and he said I couldn't believe that I had asked to run into these guys. And I asked them where they were from. And he said we're from England. And he said, because he heard him there was. And then they said, well, our families are Pakistani. And he's like, so you were born here? He's yeah. And they weren't even speaking, they weren't speaking English. They didn't speak. They spoke English with an accent even though they were born in England. So this is what I'm talking about. The assimilation. If you want to go and the AfD party, if the AfD party wins Germany and will rescue the entire EU from the madness that happens over there in Brussels, right? A complete bunch of unelected officials trying to just destroy and woke, you know, woke tar the entire, you know, take away these sovereignty 100%. You think about Germany winning two things. The AfD said they're going to do a. They're going to leave the European Union. When Germany leaves, the EU collapses. Okay. Everybody else leaves too. It's gone. So this, they don't want this. There's no, there's no wondering why seven AFD members suddenly suicided. That's weird. Seven people in the AFD party committed suicide. They were all killed. So there's a, there's other countries that do not want this to happen. There's other people in the EU don't want the AfD party. Other seed thing they said they're going to do is re immigration. In other words, get rid of the people that came there, the asylum seekers. They're not seeking asylum, they're just destroying it. And if you look these, look at Paris. Look at Paris. Looks like dirty and it's disgusting and garbage everywhere. It's, it's what you got, it's what you vote for. It's what you got.
- [58:38]
Jeff
Look at, you can definitely put the genie back in the bottle just like you said, reimmigration. If you're not a citizen of the state of the country, you're done, right? You get exported, you're, you get taken away, rounded up and you, and you're shipped back to your country and that, and that's it. If you're there illegally, you don't belong there and you need to be removed. If you're there as a guest or if you came in and immigrated and you're causing harm to that country, you need to have your citizenship stripped and sent back to wherever you came from. That's just how it needs to be. Because if you come in as a foreigner to another country and you claim citizenship in that country and you want to be part of that society to build it for the better, that doesn't mean that you're undermining the country to destroy it and bring wherever you came from. Over there. There was a great video made by someone that said, hey, you know what if the Brits, you know, go over to England today and like, hey, you know, I don't hear enough English. You guys need to speak English. I don't see enough fish and chips and my foods over here. You need to get rid of all the, you know, Chinese type foods and only have American or British type foods over here. And it, it, when you flip narratives, it just seems so awkward, you know, and people want to, they'll start pointing fingers back to colonialism. And we can see a lot of the problems in the world stemmed out of colonialism, right? Especially when you look at the board Africa. I'm talking about like the borders of Africa. You know, the colonial powers at the time artificially drew borders. And now there's issues within those African nations because the borders are. You have tribal leaderships that fight within those borders because the borders weren't really meant to be there the way they are. But that, that's history. That's like way back now look at today. And now you're seeing these mass numbers of people coming into countries because they want to bring whatever they came from. They're looking to decimate freedom. They're looking to decimate the West. And it's, it's a complete now it's right attack on, on Western civilization. And the leftist parties are Part of this and it's, and it's disgusting. Like what I saw those videos over in the uk, the woman walking her dog and there were some Muslims that said it was haram or, you know, it's, it's dirty or whatever, you know, and they want to get rid of these dogs off the street. Screw you. You know what? You know, and that's, that was the whole thing that we came up with with Randy. Fine. You know what he was saying? Choice, don't get, don't come over to our society. I don't care where you live, you know, I don't care if it's predominantly, and this goes for any, any group, you know, you're in America, you know, and if I want to walk anywhere I want in the United States, I'm going to walk anywhere I want and that's it. You know, in England, I don't know that that's, that's your problem.
- [61:35]
Chip
XRP Plumbing if the so called US government truly cares about freedom for America, let's put elections on the blockchain. Well, I think they should put everything on the blockchain. They should put, they should track like it's an indelible edge. So everything that gets money, that gets dispersed should be blockchain. I mean, Doge has been setting up this stuff, but it definitely needs to be there. 100%. You know, we're looking at stuff, look at New York City and what it looks like. Look at Los Angeles. They had over a billion dollars earmarked for homelessness. There's more homeless people than, you know, ever before. Yeah. Audit the scumbag Federal Reserve. 100%. You see, I do think that Trump is inching that way and trying to get rid of it. It's absolutely slavery. It's. The founders were against it for a reason. Even when you see what the Supreme Court case here, what they, when they, you know, I almost think that, that, that the reason they chose that whatever is the IPEE under that one statute was to only get, was to get a ruling. That was it. It's like I almost feel like a lot of this is by design. Jeff.
- [62:37]
Jeff
It is. And that's why XRP Plumbing is saying this is something people need to think about. Why isn't the government doing the best for the people? Wake up. And that's, that's exactly it. That's his trying, you know, we're, we're trying under Trump.
- [62:49]
Chip
They put Sean Strickland on here. He was, he was in Australia. I love this guy. He's an mma Fighter and says whatever the f. He wants. They asked Dana, the guy that runs the. The mma, what do you. What do we. What about this guy? And he goes, I don't tell anybody what to say. I don't tell anybody what to do. They do whatever they want. But here he is in Australia. He was in Canada calling out the Canadian. He's everywhere. He just calls people out. He says whatever he wants to say. And. And I love it whether you like what he says or not. He says it, but you can bet your ass that if he was Australian, he would not be seeing any of this.
- [63:22]
Unknown Guest 2
Talked about. You guys did throw a pregnant woman in jail over a Facebook post during that. Must be talked about. Shame on you guys. How do you feel about that? Yeah, how do you feel about that?
- [63:33]
Unknown Guest 1
Which woman was this?
- [63:34]
Jeff
You.
- [63:35]
Unknown Guest 2
How do. It was all over the news, man. How do you not know that? Here's the thing. Australia, earlier, I would like you guys so much better if you had a freedom of speech. So if you get. If you could go ahead and make a freedom of speech, like the greatest country in the world, we would get along better. I mean, how is that not standard with you guys? How do you not have a freedom of speech?
- [63:50]
Jeff
Well, there's a bit going on in mma. We've got other sports going on.
- [63:53]
Unknown Guest 2
Yeah, but it's. But it's like. But you as a country, as a whole, like, you literally, like, you. You have a government could say, if you say something we don't like, we will throw you in prison. Like, how the. Do you rationalize that?
- [64:04]
Jeff
Are you confusing us with Russia or something?
- [64:05]
Unknown Guest 2
No, I'm. No, I'm not. I. I'm saying that there is a pregnant woman who was thrown in jail during COVID I mean, who.
- [64:11]
Jeff
Who else?
- [64:12]
Unknown Guest 2
Do you guys remember that? Anybody else remember that?
- [64:16]
Chip
Oh, there's mma. He starts talking about, well, you have mma. It's like he. He's gone off on some stuff. But, Jeff, this is the question right here. If. If, in fact, let's go back to crypto Web saying that the. That nobody likes the US and let's forget. Let's. Let's just focus on the US For a second here. If the United States and so called we hate ice, we hate law enforcement. We don't. We want to keep illegals here. That mantra that we don't like. We shouldn't, you know, re. Immigrate people. We shouldn't deport them. Okay, so where are the two best places that you'd want to live that we would call the liberal meccas, New York and la, Right, New York and la. So Adam Carolla asks a question here. I think it's so on point that everybody has to ask, if it's so good, how come people aren't moving there?
- [65:09]
Adam Carolla
LA is about. Is. Is blue as you can get? It is as Democratic as you can really make a city. Shouldn't all the Democrats that live in other places be flocking to L. A? Because that's their goal, that's their dream. Like, that's what they wanted. Like, there are plenty of people who go, I'm moving to Florida because I, I like Ron DeSantis. I like the way he runs his state. I'm a Republican and that's what I want. So I'm going there. Why isn't every Democrat in the United States making active plans to relocate to the place that is run by Democrats? Completely. It should be a utopia for you. Except for, you know, it's a piece of. That's the rub. Like if you said to an alien, you go, look, we got Republicans, we got. And then Democrats, there's, oh, forget it, let's just go blue and red or whatever, and they go, what's the bluest of the blue? The bluest of the blue is Los Angeles. That's. Everybody in charge thinks like the blue people. So then they'd go, oh, well, then it must be all the blue people are dying to live there, right? No, no, they're leaving.
- [66:21]
Chip
Yeah.
- [66:23]
Adam Carolla
Wait, I don't get it. I thought there were the blue people.
- [66:25]
Jeff
They spend six months and one day somewhere else, Right?
- [66:28]
Adam Carolla
Right. No, they're moving to the red place. Well, wait a minute. They're the blue people. No, I know, but they want to live. They want to have a good life.
- [66:37]
Jeff
They want to live with. Wait a minute.
- [66:38]
Adam Carolla
Why is anyone ever vote for the blue people? The blue people don't even want to live with the blue people. So all you have to do when you're trying to figure out what's a better way to govern is just go, all right, well, let's just take Los Angeles and let's just take Florida or take California, Take Florida or Texas or Tennessee sometimes, or whatever, or Chicago, whatever, and go. What city's not run right? What city's piece of. What city don't People. Where are people leaving and where are they going? That's all. And if you're talking to an alien, they would immediately arrive at a conclusion that wherever they're going to should be. That's the way to run a city versus the Place they're leaving now.
- [67:18]
Chip
You could, you could surmise and say well the people who are, you know that lean right. These aren't people that are leaning right. Okay. You said Mark Zuckerberg uproot his business and move it to Florida. Right. You have, you have some other big person billionaire who's a lefty is leaving. So they're all leaving because they want to like tax the crap out of you, the taxes and all this other stuff and then they take their crappy politics and then they want to invoke them when they move to the new place. This is the danger of it all.
- [67:48]
Jeff
Jeff, same it, it definitely the danger of it all. I think the, the symbolism behind that extra P plumbing saying it's all part of the propaganda. Talking about what, what Corolla just said isn't the propaganda. Right. Red versus blue. Because that's the reality. Right. What we're seeing is California is a blue state with leftist socialist ideals. They want to tax you and, and destroy your company. They want to take all your money away. They want to undermine your basically your freedom across the board. Right. Everything they do in California is, has been a net negative. Florida, they want to remove your property tax. They want to get rid of property tax. They want to, they, we don't have a state income tax. They want to make sure you keep as much of your earned money as possible. It's take them a long time to get to that point. Property tax out of control. We don't need to pay property tax. You know who's fighting to try to keep property tax are the, the leftist run city governments. Right. And, and the, the rhinos and city government. Because they now have to balance their budgets, the state can operate significantly better. And so we need to minimize what that looks like. There's very limited basic essentials that the state's responsible for. Right. Road, sanitation, police, fire. That's it. Maybe a few other things. Well I guess the power infrastructure. But FPL is making money, right. So they don't, they shouldn't have to do that if it's whatever power company is, is around. Right. The sanitation, the water is run by the city. But maybe you need to privatize it. Maybe you know, there needs to be more from a power infrastructure. Everything should, you know, but so it's such a, it's such an interesting narrative but I think the clearest example of the problem within leftist run state and city is the fact that the Chicago Bears are no longer going to be the Chicago Bears because now they're moving to Indiana, how do you like that? And the people in Chicago are like, oh, but they belong to Chicago. Well, you know what? Too late. Too bad they're moving to Indiana.
- [70:06]
Chip
Five years they've been rallying for a new stadium. They've been playing in shitty Soldier Field. And before that they played a rig leader, whatever. It's to me. And because of the government. And then you had the governor come on and we were taken by surprise. And you weren't taken by surprise. You had another state say, we're going to, we're going to pay for the stadium. We're going to pay because. And all they were asking for, the Chicago Bears were going to pay for their own stadium. They weren't even asking for us. But they needed infrastructure. They needed roads, they needed, you know, plumbing. They needed, you know, they already had the piece of land. They already owned it. They just needed. And now that's different from like the new Bill stadium, which I just disagree with, was paid for out of taxpayer money to 200.2.5 billion or whatever it costs. That should never be part of. Taxpayers shouldn't pay for sports stadiums. Even though I'm a big Bills fan, that's not the obligation. The Chicago Bears American football team were willing to have the land. They had everything picked out. They were just asking for infrastructure support for five years. And then the governor's like, I don't know. Meanwhile, leftist Jade, you know, J.D. pritzker, a multi billionaire, doesn't give an F about anybody there. And so the Bears said, good luck, whatever, we're leaving. See you later. Well, they won't be able to call the Chicago Bears. Nobody cares.
- [71:22]
Jeff
Nobody.
- [71:23]
Chip
Sorry. Nobody cares.
- [71:24]
Jeff
MD is saying Florida property tax cancel is a head fake. It'll force peons to pay high tax sales tax on every good. And so you know what? I don't care. I don't care if they raise the sales tax to 15 from 7%. The reason why I don't care is because I won't pay as much money in sales taxes I'm currently paying in property tax that level. It won't happen. I'm going to save so much money a property tax. I'm not going to reach that level unless I'm buying huge, you know. You know, unless you're buying lots of vehicles or you're, you know, this is
- [71:58]
Chip
the kind of thinking that our country. Right here. Jim D's thinking. Jim D's thinking right here is what f the country. Want to know why? I'm going to tell you about a little thing called AI. You can get rid of 50 of the people. You know the other thing, the reason? That's because it's only for owner occupants. If you own your property and, and you live in your property, you don't. Why are you paying tax for owning your property? You don't pay tax. Why do you pay in a property tax? Chad, we need the infrastructure. No, we don't figure out a different way. AI is going to wipe out all the stuff. And what it's going to force people to do is what you and I have to do. Live on a budget. We have to effectively say, hey, if we don't have the money, we can't spend the money. Sure, you can run up credit cards, but this limited thinking of, of, well, that's gonna force the proper, the tax. Great. That means I don't have to pay 11 grand a year to the state for what, what are you giving me? I mean, I can see on my, on my tax bill that I pay 500 bucks for, for garbage collection. Great, I'll pay it out of my pocket. Fantastic. Private company, this kind of limited thinking like. And everyone has this argument, but you don't understand. Well, guess what? Businesses are still paying property tax. Airbnbs, people that own secondary real estate, they're still paying property tax. It's for owner occupants. It's unconstitutional to be levying a tax on a piece of property people own. And what I love about Florida is it's leading the way. When Florida passes this and the people say, you're right, we don't want that. Sure. Government's. You think what government is run effectively, which government has, doesn't have way more people than they need. They raised the, the tax every year. They put more people in government and then, oh, we need more money. No, no, no. AI is going to destroy it all. AI will run half of it. Efficient systems will run most of the city better than humans will. And AI is going to fix all that and you're still going to have a tax base. You're just not going to, People are going to rally, get the vote on state, you know, Inc. You know, the sales tax.
- [74:03]
Jeff
Take away the income tax. Let people. So that's where you know the, the, the whole concept here, you know, of a higher sales tax. You want to generate revenue, do it through tariffs and do it through a sales tax. Do it through a consumption tax. Get rid of income tax. Get rid of federal income tax. Get rid of. Yeah, I would agree. AI. AI is a component of it. I, I think we could do all this without AI too. We don't, we don't really need the AI to get rid of taxes, you know.
- [74:30]
Chip
No, no, I'm not saying about, I'm just talking about AI when they're talking about.
- [74:32]
Jeff
I know structure.
- [74:33]
Chip
You don't need all these people. And the robots are coming too. Have you seen the robots coming from China? They had a demonstration real, real recently. They had to cut open the leg to show it wasn't a person in there because it anatomically moves like a person. They said like, no. And Teslas look like a robot the way they walk all weird and stuff. And guess what? The robots will get in the car, they'll go ahead and dig the holes and fix the stuff. This is how it's. People don't think it's coming. It's coming way faster than you think. If you keep up with AI. I mean it's, it's just gonna, this is the way it's gonna, it's gonna happen. Let's move to trump terrorists.
- [75:06]
Jeff
If you could keep a hundred percent of all your earned income, let's say I don't want to consume AI Won't do jack.
- [75:12]
Chip
It already is doing it, dude. It's replacing. What do you think all these layouts
- [75:14]
Jeff
are from a regular. Yeah, it's, it's terrifying how you probably
- [75:18]
Chip
don't, you're probably not as steeped in it that I am, but you can spin up agents that will. I mean, you think the bigger thing you have to worry about which, which are the, the tokens it consumes, they can get as costly as an employee. But the thing is, you don't have an employee in the mix anymore. And these AI agents that you can deploy are doing all the stuff. They're doing all the stuff they used to do hand entry. They're doing it better, quicker, faster. The AI is reading scans 80% better than doctors that have been doing it for 20 or 30 years. It's destroyed and it's coming. These latest models that were just released in February are mind blowing and way faster than people thought. And I'm telling you right now that either you get on that AI train or you're going to be decimated by it. AI will, absolutely.
- [76:01]
Jeff
Yeah. Chip, you just brought up something really important is that on the medical side of it, you think about right now, there's a lack of radiologists. For whatever reason, it's hard to find radiologists for reading imaging. Across the board, AI is. Last year wasn't so efficient. This year, significantly more efficient. It's getting To a point where a, where you could have a, an imaging scandal. Let's say you do your ct, mri, whatever you do, beat it through AI. AI they've been working on, it's been intervening. Sometimes it makes mistakes, radiologists makes mistakes. But if you can do the majority of, and if it gets good enough, you're going to get instant results, right? You'll, you'll have an MRI done. Boom, there's your interpretation. Maybe have a radiologist just quickly review, sign off on it or the doctor, whatever it's going to be. But we're at that point that even in the medical space we're going to see a major change. Robotics from, you know, from a surgical perspective, you can now today have a doctor sitting in Singapore doing surgery in the US or a certain, you know, it's amazing the access to medical care. Forget about just the video conferencing that you can do. It's. The medical industry itself is changing at a rapid rate because of technology, because of AI, because of robotics. Everything else is shifting too. Go into an Amazon warehouse and you see how the AI is shifting things around and they don't necessarily need the personnel. If they can figure out the self driving, self driving transportation with easy delivery where you don't need that personnel, you know that that's going to happen real quick. But that's maybe a little down the road because of regulatory issues with self driving vehicles and it. But everything else that chip you brought up and it's just, it's so spot on. People need to know. Let's go back to the narrative, right? There's two things you need to know right now, today. You need to know about crypto blockchain and you need to know about AI and even this next generation coming up because of the fact that they're going to have to be able to utilize, they have to know how to use AI to the benefit of whatever their career outcome is. That's what I tell my son all the time. I say you have to know AI, you have to use AI, you have to be steeped in AI however you want to implement it. Understand how you're going to implement AI, you know, for your future and you're going to be that much further ahead of people. Makes a big difference.
- [78:26]
Chip
Jim says the debt can't be paid. The tax has to come from someplace.
- [78:30]
Jeff
Consumption tax.
- [78:31]
Chip
Well, well. But the other part of it is, is like. No, it doesn't. It absolutely does it. When you, when you analyze infrastructure and what has to be done, sure, you got road work you have to be done. You've got city infrastructures that have to be done. But I'm telling you, 50% of it, almost 50% of it today, can be replaced with some type of AI with human oversight. Not 100 AI, but it can be eliminated. And what's coming down the pike is you're going to have to figure out how to do it with less because you've had, you've just been bloated. Governments are bloated. You're still going to have a tax base. You're just not going to have owner, occupants. Why? You know, this whole idea, this unc. We just, we, we accepted things in this country. You look at the Federal Reserve. Oh, we can pass it amendment, but it's unconstitutional. You, how are you, how are you taking. How are you having a third party that's never been audited doing a shakedown? If you think there's fraud in the government, just wait till you see if it gets exposed with the. You want to talk about collapse? You're talking about collapse. And the best part, Jeff's laughing up. Jeff's laughing over here.
- [79:32]
Jeff
Sorry.
- [79:34]
Chip
So that's. The state's falling apart. Well, yeah, listen, none of that's going to change whether you get more tax base, double the tax base, still going to be falling apart. Nothing's going to change. What's going to change is the way the efficiencies. And this is why I like a guy like Desantis or like a guy like Byron Donalds who totally get it. And you, you know, to have the. That's why I call it the Free State of Florida. It is the free state of Florida. You look at, you look at what's happening in, in, in Texas, in Dallas specifically, they put up 40 mosques. You think these 40 mosques, these people are assimilating? No. You have a way of life that's incongruent with, with, with the people in the Western culture. It's not congruent with our lifestyle. We believe in freedom. You believe in restrictions. You believe, you believe in everything. You're going to tell us how to do it. You believe in sh.
- [80:22]
Jeff
Law.
- [80:23]
Chip
Sorry, that doesn't work here. Get out.
- [80:25]
Jeff
It's very simple. Your point? In Texas, unfortunately, also found out that the one guy, there's a Pakistani guy, billionaire, behind a lot of that money that's flowing into Texas to, to build those mosques. And they're also, and that guy's also a major donor to the Abbott campaigns. You know, so I, I don't. I was just reading a post I don't know if it's 100.
- [80:48]
Chip
It's hard.
- [80:50]
Jeff
However, you know, a lot of what's been happening to undermine our, to undermine our, our states and kind of civil society. And also the fact that you're starting to see more and more Islamists elevate into different elected position, all being supported and orchestrated by two terrorist entities. One is CARE and the other is the Muslim Brotherhood. Both of them are recognized as terrorist entities. And so you think about that. They are financially supporting Islamists into seats and position of government and that's why they're getting elected. And there's some video we had on it to show what, how frustrating all of that.
- [81:32]
Chip
This is hilarious. Do you guys get paid 25 grand for talking about Ripple? I wish I could tell you, yes. Yeah, I wish I could tell you that it was a monthly stipend for talking about Ripple. No, as a matter of fact, if you want to know about Ripple, for the six years we've been doing the podcast, we've rallied to get Brad Garlinghouse on here. He chooses to do other podcasts. We have been critical at times of Ripple. They don't do, they don't do this podcast. No. We've asked for multiple people from Ripple to come on the show. We've been denied. Okay. So no, I don't think we're, I don't think we're anybody. Ripples fanboys, because we call them out. We, we're going to call it the way we see it. If we see it going down a road that looks like woke, we're going to call it out. If you're doing things that don't advance what we want to see in blockchain, we're going to call it out. But it would be nice if we got money. I would love to be on the payroll. Like I know other people in the community are on the payroll. We are not. But again, if you want to have the conversation, I'm open to having it.
- [82:29]
Jeff
Yep. Corey says consumption taxes level the playing field. Folks with more money, spend more, buy more expensive things, pay more tax. Poor people spend less, pay less tax. If I don't buy anything, why am I paying taxes? If, if, if my son doesn't go to a public school, then why do I have to pay for other people to go to that school? Fortunately, and you know the state of Florida, they education wise for the state of Florida, top notch. And they're supporting the whole infrastructure based off of that. You want your kid to go to a different school, they get to go To a different school. You know, it's Florida. Florida is so ahead of the curve. Florida used to have really bad schools. They were known for that. Florida is so ahead of the curve right now. From an educational perspective, what Florida does for, for their students with the bright futures to get into college even and pay for college is unbelievable. I don't, I don't see that in any other state. Like, that's where the, you know, the, the lotto money goes to helping all students get into college.
- [83:28]
Chip
Right?
- [83:28]
Jeff
You know what, you know where a lot of money goes in the other states? I have no idea. You know, supposedly it's for the education fund. It all goes into their corruptive governments because they, they tax you to death. Look at New York City, who is now, he wants to shut everything down and telling people that they can't even run their budget in New York City. What, what, what are they spending their money on?
- [83:47]
Chip
Like, well, I only hope that in New York City it gets excruciating and painful. I hope it gets cranked up to 11 in the pain department because you got the dumbest humans on the planet to live in New York City. And right now they're like, geez, how come the, how come the call to prayer is going off at 5am? I don't know. Maybe because you just elected a Muslim mayor. I don't know. Like what's going off in different parts of the city that was never there before. Wait, how come I can't get through Times Square because everybody's praying? Well, geez, I don't know. Because maybe you voted for it. How come my property tax are going up? Huh, Weird. I guess you would. The guy who said he was going to have free buses, the buses went up a dollar. Okay? Almost like the very next day he got in office, buses went up. Okay, so no free buses. Said he was going to put restrictions on rent. Well, now you're raising the property taxes by 10%. What do you think? Do you think the people that rent aren't going to raise the rents by 10% to cover. I mean, use your heads. This is what happens when people that have never been in business before want everything to be free. And it was funny because the Babylon Beat did an article and it said in a historic first, the socialist mayor ran out of other people's money. So it's like, you know, it's so it's, it's like, where do you think the money's going to come from? Jim D's making good points. Like it has to come from somewhere. Or you have to live with limitations, or, I'm sorry, you're going to live the way we live, on a budget. You're going to have to figure it out. And when people. So weird that the left is against tariffs. Okay, the United states up till 1913 was fun. There was no income tax. There was no income tax. And how did it start? Well, the ritual, pay their fair share, it'll be 1% and only the rich will pay. Well, now we're all paying it. We, we were rioting in the Boston Tea Party against the British for paying a 3% tax. 3%. Nobody pays. Jeff, how much would you love to say, knock on your door and say, jeff, just want to let you know, across the board, you're going to pay 3%. Okay, great. You know, it's like, since when? I mean, you're on your income, you're going to pay 3%. How about I pay nothing? At least. Look, will Trump get there? I don't know. At least he's putting it out there, making bold moves, saying, hey, people making 150,000, a hundred thousand less, we can wipe it out. We can. We don't need the income tax anymore. And the big, the biggest problem here is you've got the inside people. You want to call them careful with words I use. But they don't like this whole thing. So you don't have to rely on the Federal Reserve because the government only takes in the past. Now, when the government takes from other people, you could argue that goods get a little bit more expensive. Maybe they do, maybe they don't. But if you don't have to pay income tax anymore, it goes back to Jeff's argument. Who cares if I don't have to pay anymore? So they thought they were doing a big thing. I actually think this was by design from the beginning to use this one statute because they always knew that it was going to probably get shot down the Supreme Court. When I think about that, Jeff getting shot down the Supreme Court, there were two other clauses that were ready. Well, guess who had them ready to go as soon as the decision dropped. Here are two, two clips from, from Trump's presser. And they were not counting on this because they just made Trump way more powerful and the US More powerful. And did they F up big time.
- [86:59]
Donald Trump
Listen, in order to protect, and it says so, in order to protect our country, a president can actually charge more tariffs than I was charging in the past period of a year under the various tariff authorities. So we can use other of the statutes, other of the Tariff authorities, which have all also been confirmed and are fully allowed. Therefore, effective immediately, all national security tariffs under section 232 and existing section 301 tariffs. They're existing, they're there. Remain in place. Fully in place and in full force and effect. Today I will sign an order to implement, impose a 10% global tariff under section 122 over and above our normal tariffs already being charged. And we're also initiating several Section 301 and other investigations to protect our country from unfair trading practices of other countries and companies.
- [88:12]
Chip
There you go. So people are wondering, like, oh, geez, what happened? The left was celebrating. Yeah, Terrorists. The terrorists got struck down. The terrorists. We want people paying income tax. We love. People paying more money. We love. We're the tax people. We're the big tax collectors. Right. Well, what this effectively did was they can leverage other parts like you talked about. 301. You got to do some paperwork, launch, investigate. There's certain things you have to do. There's already two other statutes that they can use that they're going to use. You know what that's going to do, Jeff? It is absolutely 100 going to bring it down. The fact now Trump is able to pay more. And listen to this. This is even funnier because foreign nations already did their research. The Democrats never do. They're just talking points and blah, blah, blah, propaganda. But look, the other nations already looked into it, and they knew immediately what this meant. Check this out.
- [89:00]
Donald Trump
He just left. The top person in a place called Vietnam just left my office. Great gentleman, strong and smart. He said, you know, I think this means you're allowed to charge us more tariffs than before. And Canada said to Jameson. I might want to say it, Jameson, but Canada said, I hope you win this decision, because if you don't win, you'll actually be allowed to charge us with a little additional work. Higher tariffs. Jameson, you want to comment on that?
- [89:33]
Chip
This is the greatest move of all. And I think it was actually by design. So when this went into effect, he raised all the existing tariffs by 10% because he was limited on the other one. So this is what you get. You're not going to outsmart a guy That's. That's. That already has it figured out. You know, the other thing that I thought was incredible here was the fact that. Here, let me look at this. Let me pull this other one up here on the terror. Let's see, where is it? I don't know if I can find.
- [89:59]
Jeff
Second plank of the communist mesto is Graduated income tax. There you go. They take and take and take and take. Everything is taxed across the board. They tax you for everything. Remove all the taxes. Consumption tax. When you buy something, then when people are visiting your state, they're contributing to your overall state tax base. There's. It's just significantly better. And then, you know, across the board it makes, especially a state like Florida, which you have people that come here, they live part time, they're still going to pay higher and property tax. But all the visitors, you know, Florida, you know, as a tourist center, you know, we have a large amount of revenue coming in because of tourists that come through here, whether they're staying or they're going on cruises or whatever it is. Let the people, you know, benefit from that. Instead, you know what's, what's happening. Real estate prices are skyrocketing because people want to move here. And as your real estate prices go up, like, oh, your real estate pro. Your real estate value went up, so now you're paying more taxes for, for what? Why, why are my property taxes going up if my value pro. My property value 1. How does that impact the garbage collection? Just because my house is worth more now? My, my supporting the infrastructure costs more. It just makes, so it makes no sense at all.
- [91:19]
Chip
It's a great question, Jeff. The question was raised by 10 or they went to 10. No, they were raised above and beyond because now they're able to charge more. Yeah, use leveraging other parts of the, of the code and the law. It says right here, I'll sign an order, impose a 10 global tariff under section 122 over and above what our normal terrorists are. So this actually allowed to cause more. So this person. Because a lot of what we heard on. On acts were like, he's going to defy the Supreme Court. No, no, no. He's just going to leverage other parts of the. And this is funny because scholars said this off the bat, like, why would you even use this part? You know that it's going to get struck down. Because everything Trump's been doing, when you have all these liberal libtard judges overruling it, he's gotten clarity. He's won 92% of things that have gone to the Supreme Court. So now he gets clarity. Boom. Same thing as Ripple got clarity. Boom. He gets clarity. And it's part of law. This person says he's making it easier and easier for upcoming impeachment trials. This guy Xander says Kavanaugh literally told him what sections to use in his SCOTUS Descent. So he. He said, even though I firmly disagree with the court's holding today. This is Kavanaugh. Judge Kavanaugh is one of the Supreme Court justices. This decision might not substantially constrain a president's ability in order tariffs going forward. That is because numerous other federal statutes authorize the President to. To impose tariffs and might justify most, if not all, the tariffs that are issued in this case, perhaps with a few additional procedural steps that the ieepa, which is what the tariffs were levied under as an emergency statute, does not require. Now they're just using that. What that required. These statutes include, for example, the Trade Expansion act of 1962, Section 232, and the Trade act of 1974, Sections 122, 201, and I think it's 3. 301. Yep. And the Tariff act of 1930, Section 338. Here's the Supreme Court justice in his dissent, basically given them the green flag, saying that you're clear to go forward. This right here, there's just so much winning we got. We have so used to winning, we forgot that we're winning all the time. It's just the greatest thing ever. I mean, the constant winning is just phenomenal.
- [93:36]
Jeff
Do you know what a wheelie bin is?
- [93:39]
Chip
I don't know what a wheelie bin is. No. It must be a different. I don't know. What's a wheelie.
- [93:43]
Jeff
Is that a garbage.
- [93:49]
Chip
Wheelie bin? What is a wheelie bin? What is a wheelie bin? Oh, the wheelie bin is those. Those garbage canyon. You roll it out to the, okay, trash thing.
- [94:00]
Jeff
But ours is, you know, our wheelie bin. You know, we have. We used to have waste management, now we have Coastal. But those are private garbage collectors. But they're managed through your city taxes. Other places you have to pay. You have to. You contract. You have a couple different options. Like here you still have waste management, you still have Coastal. So as a homeowner, we should have our option to decide who we want to collect from. Or maybe it's neighborhood wise. But you can't have like three different garbage collectors roaming around neighborhoods. That would make it a mess. So, you know, so in that scenario, they set it up.
- [94:37]
Chip
I wanted to get to this before because I love questions like this. They're really great questions. They really are. So crypto web. Wanted to know why you call foreigners aliens. Aliens, for me, are extraterrestrial beings. Well, because it's the legal definition of actual definition of what alien means. Alien adjective belonging to a Foreign country or nation. Noun. A foreigner, especially one who is not naturalized. Citizen. The country where they are living. Right there. An illegal alien. Hello. There you go. That's the definition of the word alien belonging to a foreign country or nation. Now we use it as aliens because they're coming from a foreign place. A place. Place outside. There you go. So in case anybody wanted to know, now you know.
- [95:26]
Jeff
And why are they extraterrestrial?
- [95:29]
Chip
Because they're not from the terrestrial part. They're extra.
- [95:31]
Jeff
They have terrestrial. They're extra. They're not just.
- [95:36]
Chip
Jeff, when we were growing up, used to be UFOs, now they're. Now they're raps. I don't know what the hell they call it now. It's like some other. Who cares, man? I mean, it's. You can change the language all you want, it's always going to be some kind of BS that they're going to change the language on. But this whole thing with Trump's. You have to love this whole thing when he talks about the, the terrorists, because. And here's John Kennedy on terrorists. So this is a good one.
- [96:00]
Unknown Guest 1
Can I put this. He believes in being a bear and he thinks if you're going to be bear, a bear, be a grizzly. And I don't expect Western civilization to end here. And I don't expect the President, whether you agree with him or not, to back up on, on, on tariffs. The most interesting question is what do we do with all this money? We've got between 150 and 400 billion dollars in tariffs collected. That money's not in other countries. It's here. My Democratic colleagues are saying, oh, give it back, give it back. Well, they're better. My Democratic peeps better be careful what they ask for because, because if he, if he, if he, if he, if he gives back $300 billion worth of tariff money to the, to the business community in America, this economy is going to roar, man. And the midterms are only a few months off.
- [96:55]
Chip
So, of course, before we had the infernal income tax and the federal income tax, our entire federal government was largely
- [97:03]
Donald Trump
run on those tariffs, tariffs. People today love to point out that, oh, no, you couldn't do that with
- [97:08]
Chip
the federal government today. What do you say to those people?
- [97:13]
Unknown Guest 1
Well, this is what I say. One of the people on, ahead of me made the point. Article 1 of the Constitution is pretty clear. Tariff authority presides with Congress. Now, Congress on occasion, has shared that tariff authority with the executive branch. The Supreme Court today said we didn't share as much tariff authority with the President as he said we shared with him in the IPA statute, so he can amend that statute. But my point is, in the meantime, he didn't wait around for a Supreme Court opinion. He used the leverage from IPA to negotiate trade agreements. And I don't agree with everything he done on trade, but if I'm, if I'm sitting there in the President's shoes, I'm going to take my win, right? And that's why I say my views are I'm going to take my win, right? This is not a total defeat.
- [98:08]
Chip
It's not defeated all. It's a win all across the board. And all these people that are complaining about people want to pay less tax. That's the bottom line. And with the Democrats, always raise taxes. You saw this Mandami character get in there, and he said, if we can't tax the rich. And the governor, you know, he's the mayor, so the governor has authority and says, look, we've had $16 billion in tax revenue leave, right? Mostly to Florida and Texas and, you know, Tennessee and other places that a don't have state income tax, people move to where they're going to pay less tax. And she said, I'm not doing it. We can't have more people leave. So he's like, I got a better plan. We're going to tax. We're going to raise your property taxes. Suckers. And then we're going to also raid the rainy day fund. That's for emergencies. Apparently, this is emergency. But you know what they're not doing well, they're not cutting money for the illegals that are coming in. Oh, no, no, no. They're still putting them up in expensive hotels. They're still, you know, instead of deporting them and letting ICE come in and take care of it and having a nice clean city to work with. No, they're not doing that. They still have all this LGBTQ and the castration of people. All that stuff's on the books, but they're not doing the hard stuff. And there's some other stuff that I'm not going to get into here, but other stuff that I disagree with being on that bill. So, like, what, what are they really doing? They're not really helping anybody. This is what happens when you get to, when you. And speaking of tax, here's Elon Musk on his tax.
- [99:31]
Elon Musk
For what it's worth, I'm the, the, the, the largest individual taxpayer in history. So I, I paid $10 billion in tax over $10 billion in tax.
- [99:42]
Chip
That's not enough.
- [99:43]
Elon Musk
Welcome. Like, I sort of thought maybe the IRS would, like, you know, send me, like, a little trophy or something. You know, like one of those, like, doesn't have to be expensive. It could be like, you know, one of those, like. Like things you get for when kids win a karate competition. Like, little plastic gold trophy or something like that, or a cookie or something. But I didn't get anything. I was like, you know, and. But I was happy to pay the taxes. I don't mind, you know. Yeah, it's a good week this week. Yeah, Stock market's wild. Wild.
- [100:17]
Chip
Yeah. It's like $10 billion. Oh, no, no, no, no, no. You didn't pay your fair share, dude. No, no, no, no. That's not enough. Where does it end? You know, it never ends. That's the point. The point of taxes never ends. Like in Florida, you know, what's really prominent. It's really almost hard to live anywhere, Jeff, without an HOA homeowners association. Now, the good of a homeowner association is some. Your neighborhood that lives right next door to. You can't paint his house purple, right? Because no one wants to live next to a giant purple house, so. Or if somebody doesn't clean their, you know, keep their property clean, Their roof is dirty. It was all black. Right. You know, we have these barrel tile roofs here in Florida, and if people don't want to deal with that. Right. That's the good side. Now, the bad side is the knock on your door you get or comes via letter, is that the HOA is increasing the payments you've been making. I know. My parents moved down here in 2012, and they were paying. They moved into a place, they're paying 600 a quarter. Well, that jacked up to more than double of that just in a short time. 13 years. It's now they're paying almost two and a half times that of what you know. You're talking about going up to $2200 a quarter from 600, from 2012. I know that. You know, when I. When I bought a house a couple years ago, I didn't realize that I had two HOAs. Jeff. I don't know if you've heard of this. There was an HOA that was the master, then the individual. This is up in. Up in Boca Raton with the. The Mission Bay Area. And I had an individual one. And I didn't know it till I was going through the buying process that I had two HOAs that I had to pay. I Had to pay the master. And then I had to pay the one that was specifically for that because it was a gated community. And supposedly they did more, didn't do anything. And when I left that house over 10 years ago, was paying an incredible amount of money. It's up to like $900 a month. And I think I left when I was paying 450amonth for both. Now it's up to 900 bucks. So we definitely no these guys. And Jeff, I know you're involved with your hoa, but nobody. They're always running efficiently. You have costs that rise. Usually. A lot of times the people that run these things, they're not. It's always run by people in the community. Sounds like a good idea. They need to hire a management company to do some of it. Some. But almost in every case, even that one that I left Mission Bay, they ended up putting two of the people in jail because funds were embezzled, mismanaged. And that's how it ended up being 900 bucks a month. Now I heard it's going to 950 for this new year because I still have friends that live there. A month for what? You know, I had a little patch of land. They cut. Guess what? I cut my. You know, and where I live now, it's a hundred dollars for HOA. It used to be 75. For years it went up to 100, and it's the lowest in Boca. Tone, people are paying 4 or 5, 600. I mean, I don't know how much you pay a month, Jeff, but it's insane. And how much did you pay? How much has it risen since when you bought your house to now?
- [103:12]
Jeff
Actually, it steadily went up. This year, we're seeing the biggest increase in our hoa. We also. We have a master and a subdivision hoa. So the master. The master takes the bulk of our HOA payments. They're continuously going up, up. Being on the board, you know, and. And running our HOA here is. Has, you know, in. In the past is really difficult, mainly because, you know, there's certain things you have to do within the community. Dealing with the management companies is a disaster. I oversaw switching two times to two different management companies. We're now going through it again. Our entire master subdivision, our master community, is switching over to a new management company. We're moving also our community moving to that management company. We have 10 communities within our. Within our master community, we have over 1700 homes. It's a huge area. And so I think it's one of the Larger properties, all private homes, but it spans, you know, a big area. And so it, you know, it's. It's really. It's difficult, you know, when you look at all the expense that goes into maintaining all the properties. And then you have to hold these guys accountable, you know, because you have. You have lawns that have to be manicured, you have property entrance that have to be taken care of, and then the. Each. Then you have the pools that have to be taken care of and tennis courts that have to be taken care of. And there's just. There's a lot. And then you have to deal with the city or the towns, you know, around it, and there's all. All sorts of different intricacies that have to be dealt with. When you're dealing with the hoas, but not. But to your point, you know, I mean, you're. Those numbers don't go down. They're always going, what's the.
- [105:04]
Chip
I want to know the increase from when you bought it till now, just to like, round it up and your head. How much percentage more? 20 more? 30 more?
- [105:11]
Jeff
Yeah, no, it's probably gone up. Probably at least 30%. It stayed fairly consistent over. But it's definitely gone up. I mean, this was the biggest increase.
- [105:21]
Chip
But we don't.
- [105:22]
Jeff
We don't even. Amazing, though. Yeah. Property insurance has been crazy because that's always a fight. You can't control taxes, but property insurance is a fight every single year. And some people just let it go up like crazy, you know, so it's always a matter of constantly being on the, you know, on, on the phone and, you know, forging. My wife handles. Handles that because it's a lot of. It's a lot of work to make sure that that's managed out on, you know, finding a new property.
- [105:52]
Chip
It's a nightmare, dude. You know, and it's one thing. The one thing I've had issues with Desantis is that was your one job. When you're out gallivanting, running for president, you should have been paying attention to what was going on. But, you know, hurricanes come through that massive damage, then you get regulated to, oh, sorry, you're going to be on the. The state insurance because everybody else pulls out. I had the insurance that I had was there for. They opened it up for five weeks. I happened to get in and then they pulled out, and then I had to find somebody new and it went way through the roof again. It's just insanely ridiculous. But, you know, we'll call things out where we think we need to call things out. And look, it's always going to be our opinion. You don't have to agree with it. You just saw Kennedy saying he doesn't agree with everything from Trump. But look, he wanted to get the win. That's going to happen with you guys. Not going to agree with everything. But you know what, it's good that we can have a, we can share your thoughts and have a, you know, a dialogue on it.
- [106:38]
Jeff
You know there's Jim D. When he bought 20 years ago was 360. Now it's 1300amonth. Jesus, man, what kills me? And that's in a condo. So imagine you go down to Miami. A friend of mine lived in Miami. He was paying just his HOAs like that every single month. He was paying more than that. That was years ago. He was paying over a thousand dollars a month, you know, just for the hoa. I'm like, that's, it's insane.
- [107:04]
Chip
You know, you join a community, like if you have, join a woman that has a golf course. I remember we were looking, my wife and I were looking, there's this community. We ended up, it was funny because our, we backed up to where the golf course was, but we didn't pay for the golf course. So at some time they brought these giant massive trees in to block our view, which was great because it gave us more privacy. We didn't have to see know we didn't see golf balls coming in the yard as much. But here we were like on the golf course. So that means there weren't any houses anywhere near us, you know, on the other side of the, of the course. But I was like, why are these houses so cheap? 200, 193 bedroom, two bath, you know, 2300 square feet. Why? Well, because you had to pay a $60,000 non refundable entrance fee just to buy into the thing. Then you needed to spend fourteen hundred dollars a month at the club on top of this massive eleven hundred dollar HOA payment. So I was like, oh, these people are the people leaving and fleeing. They can't, they're, they just want to dump their property because they need to get out from underneath that. So you were basically paying committed to $2400 a month. If you didn't go eat at their club, you had to pay it anyway. So I was like, oh, now I see why. So a lot of these clubs have been decimated now the properties, you know, the taxes are going up, your property insurance is going up. Florida used to be in Jim D. Can attest to this 20, 30 years ago, my God, it was a great place. It was. Taxes were so cheap. Everything but you know, hurricanes came through and wrecked stuff and they didn't officially management. And then on the radio right about that six months before that three year gap ran out, you'd hear does your roof decimated. And it was a lot of fraud involved come out some adjuster comes out or put it through, write up some paperwork. And then it just kept getting worse. You got a whole new roof, but you didn't really need a whole new roof. These kind of things. So it was always like by that three year cut off and as soon as that happened for the last hurricane boom. Property taxes shot through the roof the next year.
- [109:02]
Jeff
They always find a way to gain their money. A buddy of mine, a buddy of mine decided he was going to put solar panels on his roof. He's done, he's done so much work overall on his property. Like his backyard looks like a, a resort. I mean he's done really amazing things in his house. But then he decided he was going to put these solar panels. I'm like, why solar panels? But he hired this company right at the end of the project. All of a sudden there was a news report like the guys just disappeared. Then there was an article that came out that like after 25 years or 30 years of being in business, they shut their doors my power and they hadn't finished his project. I saw that all of a sudden it got dark.
- [109:45]
Chip
Yeah, well, luckily I've got a battery backup. I don't know how long. I haven't tested it long enough to know.
- [109:50]
Jeff
But all night out out. I thought he just flickered.
- [109:52]
Chip
No, no, we. There's a storm up here. And I was like, oh man. I heard a big boom and I heard power is gone. So I'm on a battery backup right now that's running my computer and my lights here.
- [110:03]
Jeff
All right, so let's play this last Bill Maher and then who?
- [110:09]
Chip
You know, he's on the lap but at least he has some, some reasoning power. He doesn't like everything Trump's up to, which is fine. I mean this but he's calling out the woke bullshit. So he was being asked. He was on the stock show. And this is effectively calls out the left for stupidity. And he's. He's 100% right. It's tanked the entire left in the party. What, Abolish the police, Tear down statues of Lincoln? Maybe give communism another shot. Get rid of the border patrol, get rid of capitalism. White supremacy has Never been worse. Gender is always just a social construct. It's okay to have penises in the women's swimming pool, in women's prisons. No, it's not that I'm old. It's that your ideas are stupid. Pretty much. Pretty much called it right there, Jeff. They are stupid. Stupid that. Jeff. We were going to hit the stories. We didn't hit today. We'll hit them tomorrow. We got a little off on tangents, which is kind of how the show works.
- [111:06]
Jeff
But Mana, look at this.
- [111:08]
Chip
Our stupid condo beautification committee says Jim D. Just special assessed us big money to put in petty non native Florida bushes and trees for the bugs tonight and the 35 per tree to trim. Cold weather, all native.
- [111:24]
Jeff
You have to put native. It's amazing. You have to do non native.
- [111:27]
Chip
Yeah, the cold weather just killed. So this is what happens when you have stupid people. Jesus. I wonder if this. It killed our stupid condo beautification community. Did the community just kill it twice?
- [111:40]
Jeff
Yeah, the huge amount of money put in and it was a special assessment. So tons of money out of.
- [111:46]
Chip
Some lady went to jail in Tampa because her grass wasn't green. And the association arrested and put it in jail for not taking care of her grass. Look it up.
- [111:53]
Jeff
Yeah, stuff like that is crazy. You know the. The HOA police, who are they connected with?
- [111:59]
Chip
Yeah, it's a. I mean, you're making a good point. XRP Plumbing, it's always.
- [112:03]
Jeff
Or they connect to it.
- [112:05]
Chip
They always give it out to their friends and everything else.
- [112:07]
Jeff
It's all connected.
- [112:09]
Chip
It's all connected. It's all. You're not going to get away with that. It happens on both sides. You can say like, well, one side does it. No, they all do it, man. They all do it. It's insane.
- [112:18]
Jeff
Those HOAs. The management company, typically the HOA, has to hold the management company accountable. So the management company is always dipping in and some of them and trying to figure out which. Which contractors they're going to use. Always the big question that airs out there is are they getting some sort of a kickback? You know, what exactly is happening, you know, as they. It just. And if they have good quality contractors. But then you have to qualify question some of the contractors that come out and what they do and who they. You know, so there's a lot to it. Always suspicious. Always very suspicious with that. Let's put that on the blockchain too. One more thing to. On the blockchain.
- [113:00]
Chip
Put it on the blockchain, Jeff.
- [113:01]
Jeff
Everything on the blockchain. Everything Right now.
- [113:03]
Chip
Massive rants today. We're at almost two hours. And we're almost at two hours, Jeff. We didn't get through half of our stuff. Not even half of it. We need to replace by AI Efficiency is not that good, Jeff. All right.
- [113:16]
Jeff
Yeah. Ourselves.
- [113:19]
Chip
AI would have had it done in an hour. Boom, boom, boom, boom, boom, boom. Hit it all out, right?
- [113:23]
Jeff
So we're gonna program our AI bots to just.
- [113:26]
Chip
What are you gonna do, man?
- [113:27]
Jeff
We just be our representative. Look like us. It'll sound like us.
- [113:32]
Chip
Way more efficient.
- [113:33]
Jeff
Be way more efficient than us.
- [113:35]
Chip
Don't have to show up for the show anymore.
- [113:36]
Jeff
And then you know what will happen. The AI will kind of the. We'll train
- [113:41]
Chip
all of our shows so
- [113:42]
Jeff
it knows the AI will go off on squirrels.
- [113:45]
Chip
I don't think it will. I'd be like, sorry, we're not talking about that today.
- [113:48]
Jeff
Yeah.
- [113:49]
Chip
Talking about bears. So that's. Anyway, guys, enjoy the time as always. Go out there, be productive. We'll be back tomorrow night, 8 o' clock Eastern Time. That's right. It's late for some of you. Always appreciate you guys coming in, but that's all we have. Anything else, Jeff? In closing.
- [114:04]
Donald Trump
That's it.
- [114:05]
Jeff
See you guys tomorrow night. That's it. Let's get out of it.
- [114:08]
Chip
Jeff. Oh, it's you. On the next one. Are you down with otc? Please, like, subscribe and click the bell
- [114:18]
Jeff
to be notified when the next video drops.