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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 community, man. We got a special guest coming on with us tonight or today. This morning, I should say. What day is it, Chip? I don't even know, man. What is happening? I. I don't even know. This past week has been, you know, insane. We're going to dive into crypto and geopolitics. As you guys know, we do big shaking up the crypto world this week. Number one, the genius act at sign law. That is massive. So we got to get into that. We're going to dive into the meaning of all of that and how that really relates to the US taking another leadership role once again. And XRP skyrocketing past its all time high for the first time in Chip seven years ever. That's, it's just crazy. Ever, ever. Event just so from explosive market moves to political power plays. And this isn't just a crypto rally. This is the beginning of a new era. As we all know, the dollar going digital and the world's watching. So, Chip, if you're ready to kick this thing off, let's go.
Chip
Welcome to on the Chain.
Jeff
Right? Welcome, welcome, welcome, welcome, everybody.
JC
Where you guys coming in from? Where is everybody dropping? Where you're coming in from? You know, we got people going. We got the UK in the house. Yorkshire's in the house. Of course, we always have our Aussies in the house.
Jeff
New Zealand got the Aussies here, man. We got people coming in from all over the place, coming in from Belgium.
JC
Good to see Sean in here too. And Sean, I'm gonna connect with you later. I'm gonna, I'm gonna DM you and I'll connect with you later, man. I got something I want to run by you. What else we got here? Yeah, look at these Aussies. They're our best audience, man, next to the us, so. And South Carolina's in the house too. Well, Jeff, we got a very special guest with us today. It's always great. We have guests, we do coming in here, especially when they're local guests, which is even more exciting. So if you want to just intro JC and I'm gonna bring.
Jeff
Yeah, I'm gonna bring JC in. JC and I do a lot in politics together. And JC is actually running for a local office coming up. And we've talked about the importance of local grassroots here on the show. And so JC is doing that, but at the same time, you know, JC is Pretty interconnected here, politically speaking, throughout Broward County. And so we're, we're going to get into it, want to get JC's feedback on what's been happening events of the week and he's going to take a look, bring a little bit of a different perspective. So let me bring JC on. Let me introduce jc. So here he is right here. Boom. Jc, welcome to.
Chip
Hey, how are you? Thank you. Good morning everybody and hello to your audience.
JC
And of course, your hat is not what is. It's make something great. What does your hat say?
Chip
Advertising great again.
JC
Yeah, make advertising great. It's great. You can put any, anything in there. It's going to work, you know, make crypto great again. Make the airport lounge great again, which is a brand new lounge here. So I'm just about ready to catch a flight. So I'll only be on here for a little bit. But welcome to on the Chain. Great to have you.
Chip
Thank you so much. As Jeff was mentioning all politics, they are local. Right. So it's all building from the bottom up and then you have what you have at the top because of what you build at the bottom. And, and that's the reality of politics. Right.
JC
Sometimes people miss that point and they think it's all national and that's where they end up with a lot of pain points where they live. So that's, it's a, it's a very good strong point there.
Chip
Yes, it's the reality and it's the reality around the world. So I've been working with Jeff on a couple of projects and that's what got me. So I'm very excited to be in the program. Thank you so much for the invitation. Yeah. Great to have you.
JC
So, Jeff, what do you want to kick it off?
Jeff
So you know what I'm thinking what we're going to kick it off. I think we're going to go straight into the genius act, you know. Well, we'll talk a little bit about XRP breaking the big time, big all time high. It's been seven years. Let's start with that because, you know, there's been a lot of people in the, in the audience here that have been invested in and holding XRP. And seven years ago, 2017, XRP hit an all time high. When Bitcoin hit 20,000, XRP hit a high. There's some controversy over this high. Yeah, some say it was $3 and 40 cents, others say it was 3.84, but that was seven years ago. Ever since then we've been going through A massive, well, not ever since then, but since 2020 we went through a big shake up, big lawsuit that involved Ripple and singled out xrp. And obviously there were some really positive outcomes from that. But now all of a sudden we're seeing this rally which we haven't seen with XRP for ever since that 200717 rally that lasted for like two weeks. And this is the first time, you know, it hasn't been. Well back in what, January, February, it hit $3 and $31. Right now it's hovering around $3.45. Bitcoin hit all time highs this past week of around 123, 124,000. And now, now we're starting to see some heat up in the, in this space. What, what are your thoughts on this Chip? I want to get your feedback and JC's a little bit newer to crypto, so this is going to be a big intro for jc, but he's not.
JC
New to how Congress moves, which is, I think the, the point we want to focus on is the fact that so much has happened in record time, right? So you got the big beautiful bill that got passed, you got the Doge cuts that got passed. You know you have, I mean it's usually, you know, the way the founders envisioned it was Congress was supposed to be difficult to push legislation through. It wasn't supposed to happen that fast and quickly. And you know, you got veto power by the President. But what I see here is let's not forget who made this possible. Let's not forget who ran on campaign promises and then delivered. Right? So I think that's the big thing. And I keep reminding people on X that you know, Trump ran on it. He was certainly up there about crypto. And I said, well, but Trump hated back in the day. I'm like, yeah, but this is what's great about getting new information and being able to change your mind. If you hold on to these thoughts loosely enough, sometimes you're able to grab new information. It certainly is his sons and surrendered by a lot of great people on, on the campaign trail. He took a whole new vision of and so his promise was he would make the US the crypto capital of the world. And we are well on our way. And so guys like Tom Emmer who we've had on the program, you know, just you know, thanking him because his tireless efforts, Warren Davidson, I mean even some of the Democrats that, that stuck their neck out, you know, like Richie Torres, who has to every once in a while stick his neck up before he gets it chopped off, gets taken to the woodshed and he has to fall back in line again. But what we, I think what we're seeing here, Jeff, is just promises made, promises, you know, kept, you know, and delivered on. And that's the key thing. We got two more pieces that are coming through of legislation, are trying to get it done before the August recess, which will be incredible if they can get this done. But again, I got, I have to say there's some trepidation on my side thinking they're going to put the big beautiful bill passed because, you know, there's all this hoo ha, I knew it would go through, but it might take a little longer. So I think we're in good hands. JC I'd love to hear from a legislative standpoint, like, what are your thoughts on what's happened so far as far as the movement that we've seen? And you're also on. There you go, take yourself off mute. There you go. And the movement that we've seen, especially with this brand new Congress. What are your thoughts?
Chip
Yeah, I think, I mean this is all blockchain technology applied to economics. So I'm thinking, like I said, perspectives. One, technology being applied to currency and technology being applied to a method of payment is always progress. New technologies coming in to facilitate transactions and facilitate or stimulate capitalism around the world is always positive. Other hand also I had my, my, I've been very slow on my approach to crypto. I've seen the ups and downs. I saw the FTX before that and so I have feelings about it. I'm not like a super fan of it, but I've been following due to my background in advertising and technology. Specifically when it got to analytics, we were using a company that was pioneering in the, in the management of, of data and this, I forgot about the name right now when blank. But the CEO of that company was one of the first ones to allocate crypto towards their, their treasury. Yeah. What's the name of the company? I went blank on it, but that basically the company, he was the first one and he was going up and then it came down. But interesting what I'm seeing what's happening right now, like global companies. We just had the, the announcement of JP Morgan come up, coming up with a chip that it's by themselves, it's not crypto, but it's a token JP Morgan token. So you start seeing all of these different movements from the different technologies coming in, legislation kicking in as well to see, okay, what's more secure what's more transparent for everybody, what's going to be beneficial for the economy and what's better for the U.S. so I think there's a lot of excitement about it and contrarian moves like we just saw Florida just saying hey let's make gold a new currency, let's make silver a new currency. I'm like okay. So it looks like there's a lot of diversification through technology and also giving options to the public. Like there's so much and metals out there that could be used to pay. So you're just diversifying. Right. So you have another option to the dollar which is interesting. I don't know. I'm not a big fan but I'm seeing the benefit.
JC
Or it will convert to jc. We will convert you. We'll bring you from the dark side, from the Democrat side over to the over the Republican side. Percentage of his XRP bags at new near highs to pay down his HELOC and buy more gold and silver and JC or just mentioned that so especially in Florida too. And Jim D. Is in Florida. We've, we've, we've had dinner with him before but it's great to see what's going on with silver too. I mean silver and gold and I also think that's way underpriced that 30. I mean it should be around 25 to 30, 000 gold really. I mean it's been artificially kept low while all the governments are you know gobbling it all up. So I think Jim D. Is onto something there.
Chip
Yeah, yeah, yeah. I think that the name of the company was Alteryx. Alteryx. So yeah, yeah. So again like it's data intensive so I see. I will especially in the international markets when you have an option to transact and around. I'm just concerned also from the communists and this. Let's say Iran and all of these global sanctions that they use have North Korea. Right. So I'm also like thinking like how are these governments around the world that have been sanctioned and they cannot do transactions and they cannot how they're using these currencies also as well to move wealth or to make large transactions dollar let's say Iran buying weapons or there's a lot of people using these non traceable mechanisms to do deals sanctions that.
JC
Yeah there's, there's another mech. There's another mechanism they're using to do deals too. It's called fiat currency cash.
Chip
No I get it, I get it.
JC
I think, I think what Trump just did with Iran I think that's how you roll. Look, I don't think sanctions have ever worked. They're always temporary. They didn't work against Russia. Russia found ways. All it did was push them to bricks. Right. And bricks was a big conversation. Oh, they're all banding together. Meanwhile, all those countries hate each other. They all wanted. China was the one that wanted them to use their currency. And what we found that came out of that was the fact that the USD is strong again. And this. This, you know, having stable coins and having some legislation around stable coins, I think, is what. What. That's why they wanted to press with that first. Only because of the ramifications it has. What you were talking about, jc, which is, you know, keeping. Keeping things above board and keeping some of these countries out of being able to go ahead and mint their own stable coins and have that work. Right. So that's another. That was another fear when they were. When they were drafting legislation, as well as having bad actors. Jeff, what do you. What do you think about the, you know, what we've seen move through Congress so far?
Jeff
Yeah.
JC
And then no one is. It's good that before we go into that, I gotta. I gotta leave in, like, two minutes. I just gotta catch a flight. I'm in the Atlantic airport. So.
Jeff
Yeah, why don't you. Yeah, you can quietly, quietly exit out.
JC
I'm gonna lose it for a little bit.
Jeff
Yeah. Yeah, that's good that. So, you know, jc, I'm glad that, you know, you're able to join us on the show today. And it's good because you're gonna get a little bit of a. An awakening, at least an intro on, you know, the significance of crypto, kind of the direction things are going, and a lot of the things that, you know, you're bringing up. It's interesting because those are points that we've discussed, you know, over the number of years that we've done the show. You know, there's always been that baseline concern that's mainstream Main street baseline concern. And it. It's interesting to me because it. It kind of cements another point that we discuss here a lot, that the people that are into crypto have dived in and really, you know, you know, uncovered all the basics, all the basic intrigue around crypto, and also dispel, you know, all of. All of the issues that pe. You know, that. That mainstream seems to have with it still, you know, And. And it's why. The reason why I find that interesting because you're, you know, extremely, you know, educated involved, you know, in depth in, in marketing and as well as, you know, politically. But yet, you know, there's still a missing component of education on crypto. The people that are involved in crypto understand crypto. The people that, that aren't are still listening to kind of the general media rumor in and around crypto. And the reason why I bring that up is because until we get full mainstream Main street buy into it and understanding of it, we're not going to see cryptocurrencies hit, you know, the, the, the cadence, the pace that it's that we need y. Right.
Chip
At the same time, I can tell you something about it. Where I'm seeing the results of crypto has been in politics. We just got an example of a guy that was here in for Lauderdale and he just got, he moved to Ohio and, and he was elected Bernie Moreno, this guy got elected for Senate in Ohio and he got I think total campaign was $80 million and $40 million were in crypto. So there were crypto funds pouring crypto into his campaign and he was using this to exactly by Democrats and then he was able to get and chill the, the Senate saw it in November. So I've seen the effectiveness of crypto working towards politics for sure.
Jeff
It's important, you know, from a crypto perspective. And you'll find that, you know, a lot of the concerns that you have have, you know, we've actually overcome a lot of the concerns. The new legislation that's being introduced right now, we're building the base, you know, in the US The US has been kind of a, an on and off, on and off acceptance of crypto mainly because of the fact that the. There has been no regulatory clarity established in the US Market. Whereas over in Korea, over in Japan and Singapore, as you go around the world, they've established a, they've established a regulatory framework for introducing cryptocurrency into the financial institutions in the US because of that lack of clarity. And it's been introduced since 2018.
JC
Right.
Jeff
We had Congressman Warren Davidson out of Ohio began introducing the Token Taxonomy act, which was kind of revisiting and amending the securities act and the securities Exchange act of 1933, 1934. So we're going back almost 100 years of, of of financial regulation, you know, under the sec, but yet there's never been an understanding of how to bring in cryptocurrency into it. So it started back in 2018 with legislation and fast forward till now and we're only now beginning to see pro crypto legislation being passed. By Congress. So that's how long it's been. You know, it's insane that it's, that it's that far back, you know, and so I want to bring this up and I, you know, well, I want to introduce a couple videos. We'll go through these. And this is all about the Genius Act. The Genius act really has a lot of significance because it's about stablecoin and you know, stablecoin that's paid to the US Dollar. So there's a couple of them, Ripple, which is, you know, and you know, we can get into it. Our audience knows Ripple very well. They know the XRP digital asset very well. You know, we talk about other assets, but with the Genius act, it's all about providing a framework for stable coins in the US Market. Without that framework, without regulatory clarity at the very basic element of, of this, of digital asset, you know, it's going to be hard to develop. So let me, I'm going to pull up a few videos. We'll kind of watch through them and then we can comment on them as well. So this is the first with Trump here. It's a very important act, the Genius act. They named it after me. And I want to thank you. I want to thank you. This is a hell of an act. Like that. That was it. I like that video. That's just a clip. Let me go to. So here's, this is about a minute, I think this is kind of goes into. Well, let's, let's just play it. Let me put it up here. Here we go. This afternoon, we take a giant step to cement American dominance of global finance and crypto technology. As we signed the landmark Genius Act, I pledged that we would bring back American liberty and leadership and make the United States the crypto capital of the world. And that's what we've done. The Genius act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar backed stable coins.
Chip
This Genius act will unlock American dominance in the crypto industry by creating clear.
Jeff
Rules of the road.
Chip
It will update archaic payment rails with.
Jeff
A revolutionary new payment system and it.
Chip
Will extend US Dollar dominance, like you said, globally.
JC
This is a huge promise made and.
Chip
Promise kept by President Trump.
Jeff
We have a dealmaker in chief and.
JC
It'S because of your vision, your leadership.
Jeff
Your determination, your skill that we're all here today.
Chip
So thank you very much. President Trump today signing the future of.
Jeff
Crypto and the crypto industry. The US Dollar working together is going to be stronger and bigger and better than Ever before. Thank you everybody.
Chip
Very, very much.
Jeff
Thank you. That was, that was yesterday. Yesterday or Thursday, might have been Thursday. Now I'm losing track of days. But so, you know, so this, this is really important, you know, as we see this legislation like this, you know, being passed and you know, the significance that it means for U.S. leadership. So imagine JC, you know, we've been going on all this time, you, you know, the previous administration, you know, the chaos that had been caused and how it undermined us economically, it undermined our security on a global scale and domestic security. But if we think about it from a financial perspective, the fact that even the previous administration fought cryptocurrency, they, they were fighting it tooth and nail to try and, and, and basically ban it. All right? They didn't, they didn't want it to be accepted in the US in the US at all. I was going to say in the US market, but not at all. How do you see this as a significant kind of direction for the Trump administration? Obviously, a lot of promises made, a lot of promises kept. But what you, what's your feedback on that?
Chip
Yeah, I think again, this is going to give us more option from a perspective as consumers go in and do more transactions on a day to day basis. I think this is something that is about trust. Right. So it's how the general public is going to be learning about and feeling more comfortable and the convenience of using this technology. I was involved with this with some of the credit card platforms in the past, and what I noticed is that they were basically competing cash. So it's, it's called the share of wallet. And that share of wallet was always, okay, how do we compete? Credit cards are competing always against checks, and then checks were displaced by credit cards and then they're also fighting against cash. So in this case, you have a, a third big block coming in and just business. Businesses and consumers will have to figure out a way to work this. And it's good. I mean, I think that if the government is thinking about these, and these are important decisions, 10 years is because our difficult decisions, these are decisions that the government want to see, they want to trace, they want to check, and then at one point they want to start getting a little bit more. And it's always like that. They take 10, 20 years to figure out things, sometimes too late. But I'm sure that there's smart people in government that are making sure that this is beneficial and that it has a direct benefit for the U.S. economy. So we saw some experiments happening in El Salvador and It was kind of interesting to see right. That was internationally, some of these other markets trying to do some of these tests. It's just interesting that the US is coming in again. Like I think as this goes in as another payment of transaction or payment method of payment or sort of transaction, like, why not? Like there's so many services right now that you're paying online and there's recurring payments and services that are requesting. So making this, get this, this circulating in the US and testing it out. So I think it's pretty important.
Jeff
Yep. And hey, while we're doing that, I just want to thank Norseman for the support. We get a lot of big supporters here and we always appreciate everybody. We have a lot of comments here.
Chip
With xrp, I started listening a lot. It's in the media and entertainment industry. So I've, I've heard and seen a little bit of some startups starting to figure out, okay, how is that they're going to use XRP for instance, when it gets to the payment of rights for music licensing or when it gets to the payment for content licensing. And overall like you can see, okay, if you can use the XRP platform, they're figuring out okay, if there's a, if there's a contract where using specific, specific lyric or specific song, people can use that song and then pay and the money will go directly to the producer and the artist that is writing that music instead of just going to an intermediary that is going to take a percentage and then that sells this to someone else and takes another cutting the solution. So XRP and this type of technologies, I hear more and more in the entertainment industry of how it's going to be beneficial for someone to be able to be in that business and the traceability of what's happening with the payments of those licensing rights rather than going through the traditional way of okay, here's an invoice and then you have to do this and then some get like a very small chunk because there's no way that he can do all of these. And there's people that will do that accounting process and they keep a big chunk. So when you that industry, entertainment industry, whether it's movies, whether it's cinema series, music, it's gonna feel, I think it's that opportunity for more artists to come in and feel that there's less people in the supply chain that are taking away what they should be getting. So, so I, this is happening. I hear that this type of technology is starting to happen in the, in the, in the media Industry and people are very excited about.
Jeff
Yep, yeah, no, that's true. And it, it's, it really, it's, we've seen a lot of landmark progress, not just with the legislation but just across the board, you know, with development, you know, which is amazing, you know, so we've been seeing development in real estate, so tokenization of real estate, you know, so that way you can have fractional ownership. There's a company that rolled out recently over in Dubai so that you can buy real estate in Dubai but have fractional ownership. And we've talked about, there's other legacy backed companies that have developed and built in the space for fractional ownership of stock, like Prosper. There's others in the space for real estate that do the same thing for fractional ownership of real estate. But to your point, and this is where, you know, we get excited because I think the direction that we're moving in is to cut out a lot of the intermediaries. Because intermediaries are just basically money grabs. Right. But we needed them through the process. But now with new technology, a ledger of document, you know, then you don't necessarily need all of the intermediaries. I think you still need the human interaction in different points of transaction. But there's a lot of points of transaction that it's just superfluous. You know, it's just been causing a lot of issue. But it also elevates cost and cross border payments has probably been one of the biggest, you know, elements where, you know, it's extremely, extremely difficult to move money globally. And, and I, you know, and I run into it on a regular basis. I run into problems just trying to get money to somebody domestically, forget about globally. Globally is a whole different, you know, world, you know, but you know, to try to move money, it's crazy when you have to go through ACH and it takes three to five days and you can have high cost. And then if you try to do a bank wire, you know, it's supposed to be, you know, instant, but it could be four hours, it could be 24 hours if there's a glitch. You never have like clear, you know, clear visibility to what happens during your transaction. And so we, you know, want to establish it from an instant transaction perspective. Let me play this video. This is Brian Armstrong from Coinbase Up. He was interviewed and, and he has some comments on, on this legislation as well. Let me pull this up. There's a big consumer protection aspect to this and the Genius act is also very important just to update our financial system. Many of your viewers may not know, every time they swipe their credit card there's a 2% fee that the merchant does not even receive that money. And this is just bits of data flowing over the Internet. We should be able to do this very inexpensively anywhere in the world.
Chip
Instant payments.
Jeff
And that's what stablecoins are now allowing. It allows people to send the US dollar anywhere in the world instantly, in.
Chip
Less than one second for less than one cent.
Jeff
And that's a revolution to the financial system. There's a big consumer protection aspect to this. So, so to what we were just talking about, J.C. and this is based on the stable coin. So, you know, we definitely have to make sure that we distinguish between a central bank digital currency, which, you know, we've been extremely against. Trump is against, Desantis is against, you know, we, there's been, you know, multiple congressmen and centers that have come out very vocal on the fact that a centralized central bank digital currency is bad. And it gives, you know, the, them way too much control and power versus a US dollar backed stablecoin which is now signed into and codified into law. And, and to Brian Armstrong's point and to what we were just talking about, you know, that list mechanism of transaction. So imagine now if you're selling a good and I'm buying the good from you, I can then, you know, transact with a stable coin and send it to you. You know, you send me an invoice, there's an instant way for me to pay. I send you stable coin. Transactions complete, that's it. And it's instant. There's no delay. You know what, yeah, it's a whole.
Chip
Problem, I think, I know, like for instance, wires above a certain amount, the treasury has to approve them. So you think it's going directly to the bank. I've been stuck with local EOS wires for 48 hours where treasury has to go in, approve every single wire. And sometimes there's batches. You're talking to both banks and the bank said, oh no, it's, it's been the, it's in the process and it's, it's just because treasury has a batch that is, it's delayed or there's a, a holiday or something that's a reality. There's a lot of money laundering mechanisms that are in place that also delay these processes. So I think everything is pointing towards speed in transactions. Also obviously you have visa, you have MasterCard, you have all of the American Express that are highly, highly competitive have controlled their monopolies Right, their oligopolies. So they're controlling the market and this is directly affecting their business and it's taking away their control of the money electronically. Because they've been in the business in the 1960s. Right. So they don't want to let that go. And they're using all their power to have legislation that is going to protect your businesses. That's also things that are happening under the hood. Currents, deep currents are happening right now and there's a lot of lobby from these companies trying to prevent the company because they're going to be losing share of wallet and they don't want that to happen. So it's happening at certain levels, but it's going to take some time. But I think that as we're seeing is going to be beneficial for everybody and it's just going to be more trust in the transactions and I think it's really good. Again, the traceability of this ledger. Fascinated about the ledger because it will help a lot of different industries. The other industry that I'm close to is coffee. So when it gets to coffee, for instance, if you're buying type of coffee, if it's a specialty coffee, if it's something that it's very premium, let's say a twenty, thirty, a hundred dollar per pound coffee because it has certain characters coffee, then you want to know exactly that you're drinking what they're saying. So if you make a payment with crypto, you'll be able to trace or put in that ledger, more information, the guarantee on the product side, I'm not even saying on the payment, but on the product side, just using the technology of ledgers, you know exactly what you're getting and there's like a certification process where you can get, it's about traceability. So having it in currency or having it on the, to guarantee the type of product you're buying. It's also amazing. I think it's, it's really cool.
Jeff
Yeah. And to your point, you know, I think that's, and we, we've actually used the, the coffee example when you know, tracing and, and I, and I'm glad you bring it up because that's a really important component of it. You know, when you look at the way it's done right now and, and I'm sure you're, you know, pretty, you know, familiar with how, how things are, are handled with the coffee bean, you know, from, from the small batch farm, you know, forward. It'd be interesting, you know, because of, you know, your connection with that. You Know how, how would you kind of describe that movement? You know, if you go from the farm to move those coffee beans, who, who is the typical buyer from or from those typical small batch farms in South America for, for the coffee bean? Who's the typical buyer? And what kind of technology does that typical farm have to be able to access a larger market?
Chip
It's basically very similar to what happened in advertising our media. As I was explaining, you have the, you have the person that is creating the media. In this case, you have the phone and then there's a supply chain that goes through until that gets into the cup of coffee here in America, right. So you have the farmer, then the farmer is getting this all produced and it gets to association and it's the green bean that gets there. And then the green bean could go in and sometimes they even lose the track of that because the farmer is going to have to make, you know, what to do with that grain. He sells it and it's going to be mixed with something else or he goes in and sell it directly if he knows what he has. Sometimes they don't have the education. So people that are buyers or specialty buyers will come into many, many farms and they'll say like, okay, I want this characteristic, this profile, I want this type of coffee and they'll make a 10 times farmer. So again, it's a matter of education, it's a matter of traceability and making sure that you're putting the labels correctly, that you're getting what is certifying that was being produced is traced and recorded through the whole process. So it's farmer, buyer, sometimes those buyers are buying at scale and then they export that imported here. Then it goes to a roaster, roaster, then that it's the same bean, that he's not switching the bean. Right. So the bean could be, they can be taking a low quality bean and exchanging it or mixing that low quality with a higher quality bean. Right. So to create and financial gain or yielding. So then there's another critical point at the moment of export, then the roasting and then finally when it's going to be served at the cup. So having all of that chain of registration and certification is important. I'd be doing that very, in a very simple way.
Jeff
And how is that done right now it's definitely not recording manually.
Chip
It's all trust. It's a sort of, it's handshakes, it's, it's, it's very, very, in a very classical way. So again like it's very based on Human transactions. And it's, it's, it's basically honor code. Right. But a lot of this could be improved by this type of technology.
Jeff
For sure improved and, and documented and, and that way validated. Right. But it does it also then, does it also then give the. Because you know, one of the things. And this goes back years, you know, we've, and, and other big crypto companies talk about the unbanked, I talk about the underbanked. You know, if we go to South America or you go to parts of Africa where, you know a lot of parts of the world, I used to deal in India a lot. And you know, even there, you know, for them to do a bank wire transfer, they have to go into the bank branch. Right. It's not something they could do directly from. This goes back a couple years. But here, you know, everybody was banking online already and over there they'd have to go into the bank branch. And it's still very.
Chip
Some of the markets are like that. I think some markets are better than others because of different reasons. But I mean technology has finally gotten in. People are still more going into the branch and making those type of transactions rather than doing it over a computer. So it depends on the bank. It's still not that well standardized and it's part of what's the style and who's doing the transactions. So it's again, it's very slow. It's coming in very slow. So I mean this will just give opportunities for export to happen more transparent or again in the media industry, same thing. Like how do you track and how do you trace all of these rights? Using water, right?
Jeff
Yep. And I'll. And that's where the NFTs come in. So if you can have an NFT, you know, that's a record of document, right? So I can show you the NFT that I own, fractional ownership of real estate, or I'm authorized to get X amount of royalties or I'm authorized to use this media. Right. And I'm paying X royalties for it. I've already paid X royalties, but it's one NFT that I can then connect in, but I can also then transfer it, you know. So right now a lot of our rights are not easily transferred. So if I own real estate, for me to transfer that real estate to you and, or if I own, you know, a fractional ownership of this, of this real estate, I can't easily transfer it to you. I can't say, hey jc, I want to give you this real estate today. You know, we'd have to go through a whole process and protocol for me to sell you this real estate. But if it's documented in a ledger and, and that becomes the accepted way of transaction, I could easily say, hey, jc, I'm transferring this to you. Maybe there's another, you know, step to, to notarize it. But I'm sending this to you today and I can transfer it to you via the ledger, you know, over, you know, with using, you know, blockchain technology backed with crypto or stablecoin. And, you know, you pay me, I give it to you and our transaction's completed. And I don't.
Chip
I've seen a lot in the startup world. Absolutely. I'm seeing in the startup world here in Fort Lauderdale, there's an event called the Fort Lauderdale Tech Event. There's another beach as well that is happening once a month. And I see a wave of new endeavors, new startups, people that have come from banking, guys coming from fintech, they're all trying to experiment with titling in real estate. So just. I've seen at least three or four companies that are. And I think Florida changed some legislation that is enabling a lot of companies nationally. I think every state is legislating differently when it gets to the titles and the management of the trans. But I think that's why we see a lot of these guys coming to Florida. And it's exciting when you can make a process much more transparent, faster and less, less bureaucratic, let's put it that way. So.
Jeff
Right.
Chip
And saving money. So I think I saw. I forget the name of the two comp. I've seen at least two companies this year. There's. I'm gonna have a small office in a church space here in downtown Fort Lauderdale. And amazing to see they come in and they do a lot of real estate education and then they're talking about how the ledger is helping everybody to keep custody. Custody of who, what, at what point in the transaction. So it's pretty amazing it's happening right now in our time. We're seeing this happening. It's just amazing the way, the way that this is all to, to, to, to move ahead.
Jeff
And I would love to say it's happening fast, but it's now, now things are starting to happen fast, but it's, you know, it's while, you know, as we think we've seen, you know, everything kind of ramping up, you know, to get, to get to where we're at. And so I do want to go through. Let's, let's switch over it, you know, slightly different topic. And let me see here. So.
Chip
Yeah, go ahead. He was mentioning here about the tokenized fractional own real estate. That's the one that I also saw a couple of companies talking about that. That's. Yeah, I don't know, that seems to be something really interesting for people to come in and share property. Yeah, that's happening. So I think that's really cool. But that's one of the companies. They call it like a pizza. It's like a pizza property. Then you can go in and put your money there. So I think that that's ingenious.
Jeff
Yeah, that. And that is good. You know, so the, the key here and what he's talking about is how do you transfer it to an error if the, if the fraction owner loses? This is where you know from. And this is an interesting, you know, conversation overall because this is like crypto enthusiasts who have been involved in cryptocurrency from the beginning believe that you should keep your cryptocurrency off central exchanges and keep them on a, on a, on a cold storage wallet that only you have access to. And you're responsible basically for your keys. Right? So if you lose your key to that wallet, you lose all access to it. It also is very difficult then to transfer that over to an air. This is where. And I think, you know, with Chip and I are on the same page on this, and I'm sure you'd be on the same page as well with this. But you can tell me. But I believe that we need. This is the one port point where we need a centralized company software bank, crypto exchange, whatever it is, to help mainstream or Main street users manage their digital asset and manage their tokenized fractional share ownership. It needs to be held by custodian.
Chip
You need a custodian.
Jeff
Right?
Chip
There's that institutional custody.
Jeff
There you go. That. That's the word. Right? So we need that element of it. As a crypto enthusiast, people are super passionate now. And it's crazy, JC because over the past number of years there have been some big. In the space. There's one, he lost about $125 million worth of Bitcoin because he had no access to his, to his hard drive. And it's happened many, many times over. People threw it out in the garbage or they, whatever it is. I don't think the majority of people want that kind of. They want that kind of responsibility. Right? They want that institutional custody. Do you agree with that?
Chip
Even institutional custody, there's so much so Much money. I don't know what's the number, but billions of dollars already that are sitting somewhere that the state of Florida or any state has to be pushing back and saying, hey, you have to claim this money. Right. Sitting somewhere from bank accounts. It happens. It's natural. It's life. Right?
Jeff
That's it.
Chip
That's happening all over.
Jeff
That's right, exactly. So, all right, let's see. So I want to bring this up. This is just kind of a segue because we're gonna. I want to get into talking about what Tulsi Gab brought up. I think this is really important. You know, it's kind of the directions that we've experienced over the past number of years in terms of what our country had to go through, what Trump had to go through. So we'll get into that. Before we get there, though, I want to bring this up. Chip had posted this, and I'm glad he did. This was, you know, a. A short video clip. This is Elizabeth Warren on Ma', Am, uh, Danny's Politics. And this just kind of gives you an idea of what we deal with when we're dealing with people on the left. But here, let me put this.
Tulsi Gabbard
He said, we've got a problem with entire food deserts where people can't get access to grocery stores. Said, I'd like to take a look.
Jeff
At whether or not we can have some kind of.
Tulsi Gabbard
Yeah, like we do on military bases. You have some kind of support from the city government that says, we're going.
Jeff
To get some food. Food grocery stores in areas that right.
Tulsi Gabbard
Now are food deserts. And by the way, it's a new and fresh plan for New York City. But it's been tried in other cities.
Jeff
Around the country and has had some real successes.
Tulsi Gabbard
So what I hear Mom Dummy saying is, I want to try things to.
Jeff
Make it work for working families. And you know what?
Tulsi Gabbard
This is how democracy works.
Jeff
A lot of people in New York.
Tulsi Gabbard
City said, that sounds good to me. I'd rather try that than any of.
Jeff
The other alternatives available to me.
Chip
So let me tell you an anecdote on that. It makes me think about three years ago. I was working in Venezuela, and I go there, and one of our clients had to sell products to supermarkets. They had to sell to different. But there was one in particular that were called bodegas, and those bodegas were managed by the government. This was like, in the early 2000s. I'm like, I see anything like that. That's really strange. And look what happened in Venezuela, Right? Like, there was Already control, there's already. It just became communist, like, is exactly what happened. It was exactly what we see in Venezuela. It's exactly what we're seeing in other markets where there's a desperate attempt from the government to control the food from their citizens. It's crazy. When he proposed.
Jeff
Well, that's it. And so, and this, this kind of shows how unhinged many on the left are, you know, where they, they can't even really reflect on, you know, where you. Well, you know, the. Just, just the idea. Well, there, there's a number of other, you know, issues that she had brought up. One is the democracy. You know, the Democrats love talking about, you know, this isn't, this isn't how you operate in a democracy. They kind of forget that we live in a constitutional republic. And, you know, it's not majority rule. Democracy would be majority rule. And you can, you know, and everyone gets crushed. And you know, however they want to manipulate the data, they can manipulate the data for outcomes, you know, especially if you're not getting, you know, the people to turn out to vote, you know, or, you know, however, you know, however the cards might fall from that. But hey, let me, let me put this up. I thought this was kind of cool. Do you see the, the controversy over, over the, the, the Megatron? There is, uh, a ce.
Chip
Yeah, but before, before you go to that one, what's happening in New York, that's how this is affecting South Florida, right? So right now we're seeing an avalanche of people coming down from New York to. I met right with five people already in down Lauderdale. They're just desperate, like looking and searching for a house or an apartment to move right here because they're just fed.
Jeff
Up like this New York situation right.
Chip
Now is tilting and they're desperate to get out because they cannot take it anymore. Especially like people that have been more into the center, right? We have to get out. We cannot stand. This is going to be at the back or they don't want to suffer again another battlefield from now until November. So they're like, this is bad news for you. It's bad news for the U.S. communism is inside the House. Communism has. And only 9% of Democrats came in to vote. Listen to that. So only 9%. And what I heard also is that from that 9%, 85% of those Democrats that were taken to vote were taken by George Soros. George Soros came directly for trucks and buses to get them to vote. They're desperate and they're trying to figure to, to, to get control of the city.
Jeff
That's it. Exactly. Right. So I don't. I don't know if you saw this one. You know, there's that whole controversy, you know, over. There was a couple at a. At a concert, and they got caught out. I don't know if. I don't know if you saw this. Yeah. Oh, look at these two. All right, come on.
Chip
You're okay.
Jeff
Either they're having an affair.
Chip
Oh, my.
Jeff
People are so fast. But actually, here's. Here's the real one. Hang on a second. Let me pull this up real quick. Shoot. Hang on a minute. Make sure I get this right one. Oh, here we go. Hang on. Oh, here we go. Here's this one. Let me see if I can pull this one up real quick. Hang on. Here we go. Oh, here it is.
Chip
Oh, my.
Jeff
People are so quick. I don't know how people come up with stuff so fast.
JC
It's.
Jeff
It's just. It's funny. It's so funny. All right, let me go. So I want to get into me. Bring this up. Here it is. Oh, I don't know. This is. And have you seen that? There's protesters everywhere, right? These protesters are absolutely nuts. And in Florida, Desantis signed a. A law, you know, basically stating that if there's protesters on the streets threatening you, that you don't know, you don't have to stop your car to put your life in danger. Right.
Chip
Oh, my God. Yeah, Yeah, I heard about that.
Jeff
Yep. But here's this. This was. This was Tour de France that protested these crazy protesters. I mean, they're. They're everywhere, and they're really. I think they're getting to people's last nerves, you know? But look at this. This guy. This is how you deal with them. That's how you handle protesters. Look at that. Security gets rid of them. It's getting. It's getting out of hand. Totally out of hand with the protesters. I'm seeing them, you know, just what they do to people, you know, at this point, and it kind of definitely, you know, putting people's lives in danger on a regular basis. And we just gotta. Can't deal with these protesters.
Chip
They're organized, they're funded, they're coordinated, and they have clear objectives. This does not happen organically.
Jeff
Correct. Yep. And it's. It's interesting, too, because now there's more and more information coming out that even post October 7th, right, we had the. The atrocities on October 7th with Hamas massacring Israelis in the streets, and then there was a coordinated effort on October 8, before there was any response, before there was any announcement, there was a coordinated effort that was, that was already of printed media, printed signs, protesters were out in the streets already. There was an entire publicity campaign, marketing campaign, uh, in social media, uh, that was already condemning Israel. Uh, and this was a day later, a day after October 7th, you know, October 7th. So by October 8th, it had all rolled out. So your point, Financed, organized and determined across the board. The agenda, you know, is a, is an attack of, of my opinion. You know, it's not just, you know, that wasn't just focused and centered on Israel. It's more on what you were talking about, what happened in Venezuela and what they want to have happen here. It's a, it's a collapse of Western style life style politics. It's a collapse of our republic. And we're seeing it. You know, they're continuously attacking us in the US but we're starting to see, you know, that they're gaining more momentum on the left over in Europe as they're, as they're Islamifying a lot of the regions with the Islamist agenda. And then here we're being attacked by the socialist communist agenda and they're, and, and they're using a lot of these street protesters, you know, to try to sway public opinion. But it seems like to me it's, it's also backfiring.
Chip
Yeah, you have, these are hybrid wars. These are hybrid war scenarios where just, it's not just kinetic, but it's the public opinion battlefield trying to win the public opinion as quick as possible. Because at the end of the day, the public opinion and the people that vote are pick up the phones and call the Congress, call the senators, and they're trying to do that, influence the United nations, influence congressmen. So it's a hybrid war. So it's a pr, it's pr, it's marketing and it's well funded, sometimes more money spent on that than even the kinetic efforts that are being done and the operation that was done over there. So this is something that we've detected and we understand and now we have to fight back on those two grounds, not just kinetically, but also in the public opinion. And that's exactly what you're doing on this, on this podcast, right? You're informing the public opinion. So we don't eat everything that the stream media, intentionally or non intentionally, is presenting us. We have to learn how to digest and discern what is being put in front of us. Because end of the day, if we don't do that Then we're just going to be amplifying fake media or false information to benefit someone that is manipulating the public opinion. So I think this, what you guys are doing is fantastic, and this is why your audience is very grateful. From what I'm seeing here, what you guys are doing because you're informing the public opinion. So we don't get fooled by some of these large stations, intelligence organizations, terrorist organizations like the one we saw coming from Hamas. Right? They're terrorists. They're not. They're terrorists. And this is what they do. They do acts kinetically. And then now they've become very good also manipulating and making stunts, huge stunts on the public sphere or use of media for their, for their purposes. That's, that's what they do for a living.
Jeff
That's it. And we've seen, we've seen this embraced by the, by mainstream media. You know, it's not just at one point, you know, people might allude to the fact that they were kind of extreme, extreme actions by, by groups that kind of operate around the periphery. But now, you know, for, for the past, I don't know how many years has it been now Trump's first administration, you know, through, you know, four years of, of Biden, where mainstream media has twisted the narrative. But I think you can reflect back even years before that how the New York Times would write articles, how, you know, all these different local publications would write articles. Years. You know, I can personally, I'll track the New York Times back to the early 90s, you know, where it was at that moment. I remember I was in undergrad at the time, and one of the courses that I was taking, the requirement was that we had to read articles in the New York Times. It was a political course. So. And we'd have to come prepared to have conversation. But he's like, you have to read the New York Times every day. So everyone asked to have a subscription to it, but I don't know if the guy was getting paid on the side by New York Times, but it, but it was such garbage even back then. You know, you'd read it and, and you would see the, the twist and the slant in the writing. And I'm sure maybe there were some good writers for it, you know, but it was at that moment where you could see that, where the narrative was starting to shift.
Chip
Absolutely.
Jeff
For me, it was.
Chip
Early 90s is not the only country. This happens around the world, every country. I mean, remember, politics and media are intertwined, right? So one lives out of the other one. So this is not the only country where this happens. And it's not just the last. Been happening for 100 years. Right. So no matter where you look at it, for one side or the other, media is always going to be tended. There's about editorial neutrality. But we're human beings and the influence of politics and power into media are always going to be biasing. We have best example of that is what happened in Mexico with the political movement called Pre PRI and Televisa. So Televisa is monopoly in media around the world, which, by the way, they're very influential with the World Cup. We'll talk another chapter about that. And how did they build. But then they were so powerful that they were just cementing every election, Every election. They were basically helping that one party stay in power for 40 years. And it happens. That's how powerful media is. Some people call it the fourth power. Other people that are in politics, we call it the first power because it could put someone up or take them down of whatever position. So it's the reality. And as citizens, regular citizens, we have to understand how to discern what's coming and being thrown on us and then watch all the perspectives and then make our own calls on what's happening because it happens. And now social media is the same thing. This was invented back then. Beginning of the century, PR influence media. We saw it in World War I, World War II. This comes back from the world wars and perhaps even before that. We don't track it, but there's always a way to inform and influence. And as long as there have been government and they're being. Yeah, and before that, I'm sure it was happening voice to voice, person to person, peer to peer. So it's always been like that. And now we just have different platforms making this happen. Where there's a political party or it's an institution, or it's someone like the Democrat, which is very sophisticated on this. Much more than the Republican Party for sure. It's, it's happening. And, or a terrorist group like Hamas, they have PR machines. Right. They, they, they, they're, they know how to manipulate global media on their favor and sway the opinion. So we see it and we have to give it to the Democratic Party. They have a big media apparatus supported by a lot of people.
Jeff
Yeah. And one of the things that you're referring to that dates back actually to somewhere in the 1890s. So it was before the turn of the century of the 1900s, there was something called yellow journalism. I'm sure you've heard of that. So that was specifically, you know, featuring sensationalized, exaggerated articles to bring readers in, and that would, you know, impact people's opinions, you know, and so that was at least documented and coined, you know, back in. In the late 1890s. So think about, you know, how long this has been occurring. It's probably happened before then as well, you know, but that's at least where, you know, to current record, you know, we can date back and say, okay, here's where it started, you know, the yellow journalism. At least there's a terminology for it.
Chip
I don't know who came up with the term, but, yeah, it's. It's. It's like that.
Jeff
It's, It's.
Chip
It's. It's very powerful.
Jeff
Yep, exactly. Hey, I'm gonna. Let me put this up. So this is tall. I think this is massive news, and this is something that has been alluded to. This is going to be the hoax, right? This is the Russia hoax. This is Tulsi Gabbard. People say, okay, you know, Trump came in, we want receipt, we want the receipts. We want people to be held accountable for things that happen. And we still want to see people held accountable for, you know, for what happened, even under Fauci, you know, with COVID and all of that. But let's go back, you know, to Trump's first administration, 2015, 2016, you know, when he's running for. For office. And then it was just Russia, Russia, Russia, all this entire hoax that had been orchestrated to try to take Trump down four more years from 2016 through 2020, more conspiracy, impeachments, you know, everything to take him down. And it. He was a threat really on a global scale at that point. You know, the. Those that were the power holders, the deep state, obviously, were going to fight back, still fighting back. But I think, you know, this is probably one of the biggest things that is coming out at this moment, which is who is actually behind this, you know, this whole hoax? You know, what exactly happened? You know, she's declassifying. But who created it, who's behind it, and what's exactly happening? Let me. Let me just play this real quick.
Tulsi Gabbard
Yeah. Thank you so much, Sean. This is such an important issue, and I just want to start by saying. Saying that this is an issue that is important to every single one of us as Americans. This is not a partisan issue. It has to do with the integrity and the strength of our democratic republic. And it lays out this over 100 documents that you're referencing that I released declassified and released spells out in great detail exactly what happens when you have some of the most powerful people in our country directly leading at the helm. President Obama and his senior most national security cabinet, James Comey, John Brennan, James Clapper and Susan Rice and others essentially making a very intentional decision to create this manufactured, politicized piece of intelligence with the objective of subverting the will of the American people, who in November of 2016 delivered a historic victory to President Trump, defeating Hillary Clinton and President Obama and his team. Their goal was to essentially not accept the decision of the American people and to use this manufactured politicized intelligence as a means to enact what would become essentially a years long coup against President Trump. You have gone into great detail over these years of what the effects of this document and this decision have resulted in. Obviously a years long Mueller investigation that cost taxpayers almost $40 million to congressional impeachments, endless smears and attacks against not only President Trump but his family. He had senior members of his team who were investigated, some arrested and jailed. We had heightened and increased tensions between the United States and Russia. The list goes on and on about the consequences of President Obama and his senior cabinet members politicizing intelligence once again. And I say these words very clearly to enact what was essentially a years long coup, subverting the will of the American people in that election in November. Now you reference this, this president's daily brief document.
Jeff
Think you know, she said some really important things there, one of them that stands out as a coup. What are your thoughts?
Chip
I think again big operation, lot of money, very clear strategy. How do we take the President down using intelligence brief. How do you use all of these to politicize and then bring someone down? So definitely it's an attempt to do that and we saw it in action back. It was very effective. And that's the way they do it. And that's part of unfortunately it's been done forever. I don't know if that's ever going to be able to be completely clean out of the system because as long as there's a strategies as information that could be, can be manipulated, we, we think this is, this is very complicated and what I don't see is people going to jail. Right. Like we see these huge operations, millions of dollars, there's PR agencies and strategies working on this. Anybody going to travel for this one specific. So it's like how do you handle this? It's unfortunate. I'm sure it's not going to be the last time it tries something like this. I think what it started with Nixon was very clear, right? That's a Watergate. That's one of them, at least that it's very well known. But we see these type of things and it's just part of politics. Politics. And I don't know, I don't know what to tell like she at least hang out and she's being very transparent bringing that up to the surface. But it's always been like that. Like it's, it's. Unfortunately there's very well known case even in sports, like when you see things that are happening for the FIFA World cup, who's going to take it? There's massive amount of monies that get pouring today to create false perception, to manipulate, to just make sure who is going to get the next world, which represents billions and billions of dollars in this case for politics. There's people just specializing on these type of things. And it was, unfortunately it was a bad moment in our history of the country. And I don't know what's happening right now in terms of how can we prevent these things from happening in the future.
Jeff
Yeah, that's, it's a, you know, a solid question, you know, or point, you know, to make, you know, how do we prevent it? How do we stay aware of it? I think a lot of people have gone through many years ignoring politics. The one thing that, you know, that impresses me every day from our audience and you know, just in general over the years we've done the podcast is how many people, how many smart people we have, you know, that come into our chat. You know, we learn so much just from reading the commentary, to get it to, with that engagement. Then I think about everybody's sphere of influence, you know, how many people do you influence around you? You know, can we use our knowledge and information to help educate people and change people's perception on, you know, on being active, taking action, you know, similar to what you and I talk about in some of our meetings. It's like, hey, it's great, come to a meeting, but you can't just come to listen to a speaker and leave again and not get involved in some way, shape or form. But involvement is, is number one. I mean, for years I remember just going, you know, talking to people and they would say basically along that line, well, it's politics. I don't like it. I don't get involved. I'm not, I don't even go out and vote. Why would I vote? My vote doesn't even mean anything, right? It's not going to change anything. And so this is years and years and years in the making that people feel like their. Their voice doesn't matter. They'd rather go to a sporting event, or they'd rather sit home and watch football on tv, which is. Which is awesome. I mean, that's like, people want it. You know, you want to be able to live your daily life, but at some point, you also have to say, look, I've got to get actively involved. Right? We.
Chip
It was the Russian. It was what. It started the. The same day Trump got into office. Right? The next day they. They started. It was. It was a whole. Yes. Come after him and try to knock him down. So I think that was the same. And then the second moment they did this was January 6th, right? Same. If you. The configuration. If you see the modus operandi, what happened for that. And then you see January 6th. I. I was watching January 6th when he was talking newscast, or he was just presenting there. I'm thinking, like, they're gonna use this for something. Because it was a lot of people coming in into the. And you see them coming in. I'm like, I live in South America. When you see people coming into the capital, they come with weapons, and they come and burn down anything. That's a real demonstration of. I saw what happened here. I'm like, okay, is this something? But I saw it, and it was like, no, like. Like, people weapons or anything, but it's just like, yeah, it's like. And it's like a great opportunity to build some sort of narrative out there. And I'm like, you're gonna. Hopefully they don't use this for something. And they did. And they. It was just like, one thing after. There was one person that died that was a misfortunately, unfortunately. But I'm like, okay, are they gonna do something with it? And then, boom, boom, boom. It just escalated, like throwing money and media, and they created. It's a crisis under the world guy out there that says a crisis. You don't. They cannot let this. They're experts in that. They create doubt. They're experts, and they're just professionals. And millions of dollars put down to narratives, those false narratives. And. And that's, you know.
Jeff
You know what made that easy, right? You know what made that easy for them? The January 6th event was that they had the Summer of Love, or whatever they called it, where we had BLM and Antifa rioting in the streets, burning city blocks down, taking over a city block, breaking windows. You know, they were making it, you know, invading street spaces like we see now these, you know, those people that are supposedly protesting for the Palestinians, you know, they come out in the streets and they, they harass people. Came right from the top echelon of government with Maxine Waters and others that say, get in their face, go out and protest. You know, don't, don't, you know, if they're at a restaurant, get in their face in a restaurant, they're at a gas station, they basically, you know, release the hounds. They let their, they wanted their foot soldiers out on the streets harassing people. Right? The one thing that you don't do, they began their coup at that point when, when the congressional representative said, this is what we want you to do up, the narrative started. But the thing is, is that. So, you know, I don't remember when was that Summer Love. And when they, you know, we saw everything happening in Portland and then we saw it in New York and we saw it in Seattle and then we saw it like all over the place. And that's where Antifa started to, to rise up. And then we had the Proud Boys. And I watch every single live stream YouTube video with the Proud Boys, you know, when they came out and they were, they were out in the streets fighting Antifa and defending the streets, you know, against, you know, against BLM and everything that those guys were doing. And there's the Proud Boys. The mainstream media immediately singled out the Proud Boys as the ones that were the ones doing the injustice where the, the, you know, they were the problem, but they were the ones. And it was so crazy watching all these narratives unfold. You know, Jim, we're actually not doing a yeti this show. Unfortunately, there was a technical glitch with the song. I was trying to put this song together and ran into a technical glitch with it, with, with the platform. So tomorrow though, we will have a special JC. Normally we give away a, an NFT. We give away one of our badass Yeti NFTs and we have a song that we put within. We create old video segment. But I ran into some glitches trying to get that together for this morning. But tomorrow night we'll definitely do that. But you know, so, so that Summer of Love that became the, you know, was, was, you know, you remember the reporters came out and said, there's there, it's all peaceful there, nothing's happening. And you saw the, the buildings burning down behind them. Then when they went out and burned the church down in D.C. you know, there all these things that were going on being orchestrated that was then emblazoned in the minds of anyone who watched news, right? Anybody who tuned into the news saw the chaos in the streets. They saw the buildings burning. They saw the violence happening, right? They saw all of this stuff going on. And then come to January 6th now, people. It was an easy correlation because now people are like, oh, my God, look at the violence in the streets. Look at everything that's been happening over these past couple years, right? And now they want to relate that it was an easy relation to January 6th. So now they've created this. This narrative, and now we get to January 6th, and, you know, to your point, they're like, oh, my. You know, and the mainstream media came out, but, like, you're saying the one element that was missing, where are the weapons? If you're going there to take down the government, you're going there with weapons. There wasn't one person in that entire crowd, any of them that were there with weapons, and they weren't doing anything. There was no burning of buildings. There was no looting. You know, there. None of that was happening. There was one guy that went around breaking windows, and, you know, and supposedly that guy was already undercover, right? And so then the question comes, why were there so many? You know what. And they. And it was all in. In the, you know, congressional hearings, they said, well, how many FBI agents were embedded in the crowd? You know, where. How many were there? Oh, we can't tell you. But yet you get. There's scores of videos where you see all these guys in press shirts and khaki pants with a brand new MAGA hat on, and, you know, everything brand new, like, perfect. And there those guys go, you know, into the crowds and. And there's, you know, a lot of video of them. And then there's a lot of missing video, you know, from that time period. And there was one woman that was killed, and what. What happened with that? You know, she was unarmed, all those people were unarmed, but yet she was shot, you know, and yet at the same time, the police opened up the doors. So there's all this stuff being organized, orchestrated. And they took that narrative, like you said, they twisted that narrative. And it's amazing to me where we had been, you know, for four years and, you know, as they invoked under Covid, you know, to shut everything down and how detrimental that was to the human psyche, you know, from a psychology perspective, to have people locked up in their homes. I never stayed in my house one. One day that entire period of time. There wasn't one. There's no way we're gonna get that injection. I was surrounded by the right doctors. I, I know my science, they know their science. You know, there's no way we're gonna buy into that conspiracy. You know, we sent our, our son to summer camp immediately. You know, after that, I wanted him to be in school. You know, say, I get it. You want to take a three week hiatus like it's a hurricane. You know, everyone acted like it was a hurricane. That was like, hey, we're gonna, we're ready to go back to business. You know, unfortunately, jc, you know, for us in Florida, we're back to business within a couple months. Michigan, New York, all these other states, they stayed, they had their restaurants closed for a year. You know, and the chaos that ensued in these leftist states.
Chip
There were very dark moments.
Jeff
Yeah, we can't forget it, but we can't forget about that because those people can't go into silence. Right. We can't let them just kind of bleed back into the framework. You know, we have medical professionals, government officials. There's many of them that still need to be held accountable for what they did. Right. But yet, you know, step by step and this, I kind of went down this path because you brought up, where's the accountability? Right. Why aren't we seeing people arrested or why aren't we seeing people being put in front of a court then? You have been seen courts, right?
Chip
We haven't seen courts in action because no one is suing. No one is coming after anybody. Is the government. No one wants to go after the government with exceptions. Right. I think we have people going after Fauci, but not a lot of people are doing things and they have, like, privilege. Fauci got protected, right, didn't he? Like he got immune or something.
Jeff
Yeah, that's right. It's crazy, man. I mean, the whole thing. Then you have to question the activist judges.
Chip
Yeah. What happened with the governors? To the governors that shut down everybody and put them into jails for, for one year? Right. Like we had the Santis over here. But what about the other states? I has to talk about that and be responsible. Like, I don't know. I think there's immunity for a lot of these people. Right. Because their government during, during you.
Jeff
It's just fortunate they shouldn't be. You know, there were, there were a lot of medical professionals who came out, you know, talking about, again, saying that what is happening is contrary to real science. Wearing masks on an airplane. That was the stupidest thing. I would go on a plane. Everyone's wearing their Mask. You know, I would sit there, you know, if I was in economy comfort or first class or whatever, you know, I would sit there drinking my bottle of water. You'd have your mask thing. I wouldn't wear a regular mask. You know, I just had a thing you put over your face. I'm like, this is ridiculous. You know, none of this is blocking anything. But the, the craziest was in restaurants and airplanes, right? In an airplane, they're like, well, when you eat your snack, take the mask off, you know, take your drink of water, eat your snack, and then you got to put your mask back on.
Chip
Right?
Jeff
And I said, the moment the entire plane took their masks off the first time, it's over. Right? What, what did you just accomplish? You accomplished nothing. First of all, the mask doesn't do anything to begin with. But secondly, as soon as you have people take it off because they eat their snack, it's. It's over and done with. Right? And it was the same thing in the restaurants. If you were walking in the restaurant, you had to wear a mask. If you were seated in the restaurant, you could take your mask off. It was like these people, like all rational thought was just thrown out the window. These people are insane. Just absolutely insane. And yet these people just bled back into society like everything is normal. But I think we're seeing the ramification of it. You know, I think there's a lot of people that suffered some form of, you know, PTSD trauma from locking themselves in their homes. You know, it's crazy. It's just crazy.
Chip
Yeah. And, and there's people still recouping from that. I mean, I think the spike of mental health as problems people still. I see a lot of people still affected dealing with the, the impact of that three years ago or five years ago. So it's a reality and hopefully we don't forget about that. And because it could happen again. I, I think with this, something like this could repeat. Right. 100 years now, hopefully more. But we learned a lot of lessons and it was amazing that we survived it. The ones that we went through it. And hopefully I think we'll become smart, we become 10 times smarter on how to deal with this type of thing. So again, it's. I, I still in my mind think that of this was obviously coming from China. It was probably. It was a leak and then the leak again. It was used to, to. To. To in one way or another to affect the country and many countries. I mean that's, I think all the, all the administrator in place lost their Seat, kind of, if you, if you see around the world, I haven't run the stats, but a lot of the governments that were dealing with COVID were a war scenario. So as you're concentrated on that and people are thinking, okay, is this the correct person to go after? They couldn't campaign, they couldn't defend their campaigns or positions. So a lot of these guys, a lot of presidents around the world suffered and lost and got out of that city because of COVID So playing definitively against them because it was a war scenario, it was very, very difficult. And, and, and it had a cause for a lot of the candidates running that year or down in that cycle.
Jeff
Yeah. Yep. To your point, last video that I want to put up. And I think this is also, you know, kind of very timely. Let me. One second. Here we go. It's Pete Hegseth. Earlier this week, we were alerted to a potential vulnerability in our DoD computer systems. And we've been checking into it ever since. It turns out that some tech companies have been using cheap Chinese labor to assist with DoD cloud services. This is obviously unacceptable, especially in today's digital threat environment. Now, this was a legacy system created over a decade ago during the Obama administration, but we have to ensure the digital systems that we use here at the Defense Department are ironclad and impenetrable. And that's why today I'm announcing that China will no longer have any involvement whatsoever in our cloud services, effective immediately. And at my direction, the department will also initiate, as fast as we can, a two week review or faster to make sure that what we uncovered isn't happening anywhere else across the dod. We will continue to monitor and counter all threats to our military infrastructure and online networks. And I want to thank all those Americans out there in the media and elsewhere who raised this issue to our attention so we could address it. And that's why we're talking to you today. As the President would say, thank you for your attention to this matter and God bless our war fighters. I'm going to sign that memo right now initiating that review. You believe that? I mean, I believe it, but can you imagine they're using Chinese cloud servers.
Chip
Yeah, I thought, I remember. I think it was five, six years ago that we had the Chinese servers and I forgot the brand, but they were kicked out of the US There was a big battle about that. Big, big fight about that. And that things, I mean, we're living in this modern era where there's so many processes and things that have been outsourced into China that We have to be careful. Probably this is not the only case. I'm sure that if they do an audit, they're going to find more and more stuff. It's like trying to use all of these public people using tick tock, right? Like, okay, so everything is going through into China and coming back. So that's the reality. I don't think we're in a kinetic world war, but we are somehow in an economical war with China right now. And we're competing technologically, we're competing. There's espionage, things going on, currency exports, imports, tariffs. And if you remember, before COVID hit, that's exactly where the US was, right. It was a direct fight with China and then boom, we had Covid. So the timing of COVID was just very bad for the relationship between both countries. I think definitively the US was involved with what was going on in that lab because if it wasn't, the better, we would have gone to war and come after them. Right. But it happened. And, and that's what's happening. And we have to be careful. This is, this is not surprising. This is not surprising.
Jeff
It also pushed, it pushed China. Like you said, we're in a head to head with China at the time. We're, you know, the single hegemonic superpower in the world. There's nobody competing with us for many years since the collapse of the Soviet Union. And so here's China rising up, trying to take a position as a major superpower to offset, you know, our, our superpower status as the sole hegemonic superpower. So it was at that moment that China got a leg up financially. Their economy was still on shaky ground at the time. They were established, but they weren't established. Right. So they're still having a lot of currency manipulation. There are a lot of things going on behind the scenes as there still are, but their influence wasn't a hundred percent there yet because they didn't have the, the, the, they didn't have that financial foothold yet in many different markets. So what? They weren't accepted yet. So it was an interesting dynamic because with COVID all of a sudden China rose to a completely different level. Right. All of a sudden. And it, a lot of it had to do with them being globally recognized as a true manufacturer of product to be able to support the global economy. So they could never in any other scenario have been able or given an opportunity to try to prove to the world that they could be a global supplier, meaning under Chinese manufactured brands, not under other people's Brands. So for many years, they've been stealing the intellectual property rights of many different companies. And, and they've allowed that to happen. Everybody knows it happens. All the fake products coming out of China are, you know, theft of intellectual property rights right up. But what happened is that with COVID all of a sudden, Chinese brands started taking center stage up as they started selling ventilators, medical products, mass. They converted warehouse after warehouse after warehouse into manufacturing facilities for ppe. And then all of a sudden, everyone's like, china, China, China, China. China is the only one, one that has operational factories. China's the only one that can supply the world with mass. China is the only one that can supply the world with gloves. Oh, by the way, everything's manufacturing in China. But now it's not, you know, whoever, I don't know, let's say it's J and J. I don't know who the main manufacturer of gloves are. But now all of a sudden, every company in the United States had a shortage supply of their own branded mass and gloves and ppe. China enters and they say, we have tons of it. We have warehouses filled with mass. Right. All those three Ms. Or whoever, you know, the primary maker of those mass. They were out. None of. There were no N95s, no whatever, you know, types of mass. China all of a sudden had everything. Yeah. And they were supplying the world with everything. That was the major step up that they needed to get global recognition. Now all of a sudden, they're a major player at center stage, economically speaking. Product development, product supply chain speaking. You know, now they've been brought down a little bit, but they're. But if you go to Amazon now and you do a search for a product, there's lots and lots of products out there under Chinese branded names, good or bad. You know, some of the. There's some really great products that come out of China. Then there's a lot of garbage that comes out of there, you know, but, but that's the, that's the thing is that it elevated them and it happened. They. It sped up the process. At some point, they might have gotten there, but it sped them up, you know, maybe decades early. Maybe it was a one decade early, Maybe it was 15 years, maybe it was two decades early, but it sped up the process of getting that them, you know, and so that's where did they take advantage of the situation or was it already plotted and planned, you know, that they would collapse the, the, the global economic system for them to get that foothold, you know, so that's where you know, it's got to be studied even more in depth. But you're right, you know, we have been at in a battle with China and they're the only other power holder right now that could be considered, you know, a competitor to our soul hegemonic superpower.
Chip
I think it was similar to what happened with Japan in the 80s. Like all of these economists start copying. So it's like a certain progress on Lucian. Like they start copying and then going into their own stuff. But I think that was similar to what happened with Japan and now with China. That I think things one is the, the, the labor is so cheap, right? Like you have so much people. So for one hour here, if you get $15 per hour, because you can pay one day for $15 in China you can pay one week for $15, right? A Chinese employee will work one week for 15. That's amazing. So it's a factor of one to I don't know, 100 or a thousand, I don't know. It's huge. So that having that have a competitive advantage upon the U.S. it's a reality. But also when we were able to see through Covid, one of the positive things of COVID and build the strategic problem in the supply chain we had as a country and as the western world had as a strategically, I think they were producing weaponry or ammunition for us. They were producing all the medicine. So you start unveiling all of these web of supply chain that is interconnected with China. But then there's strategic things. You cannot be producing there. It's fine if you're producing a, a toy, right? There's no one is gonna that's strategic. But if you're giving them the power of weapons, the power of pharma and you're producing over there, that's causing trouble. That was like mind blowing that there's no constraints for some of these things happening over there. So it's like how, how do we prevent this? I think the government took action. I believe there's a lot of things put in place. But it's just like crazy that this happened. And if it wasn't for Covid, we would have been able to, to see all of this. I think Covid helped us to understand this much in a much better way. Which was something that probably Kissinger started back then and then Bill Clinton enacted. And we saw Latin America coming from Latin America. We saw a big economical debacle debacle in Latin America. We were exporting products from Mexico, from Colombia, from Argentina into the US now all of a sudden that got shut down and got all of that was transferred. So the countries in Latin America got affected by China. So I think that's also something that should be be around the minds of these import exporters. Like, okay, how do we reactivate the neighbors? How do we reactivate and create jobs down there in South America? So we have a stable down there so they don't have to come up here. We support them with more manufacturing. It's right there. You take a truck and your product is here 24 hours later. You don't have to wait two weeks ship to come in from Beijing over here or from wherever it's coming. So I think there's a whole thing that we put in, it was put into game in 1990s by the Clinton administration that we need now to figure out, okay, how do we correct some of this? We have the tequila effect because what happened was that all of that major economical throughput was taken out of Mexico and then moved to China. Everybody went to China. So now China, Mexico has recouped from that. But I think. And then the other thing too, like you have a lot of Chinese companies sitting on the border in Mexico. So they're figuring out ways of finding loopholes to bring product that is Chinese and they're saying it's Mexican, but in reality it's Chinese. So I think the current situation with the tariffs have been able to control that. Like you can see very clearly on that, that strategy that they're trying to put pressure on in Mexico, not for the Mexican products, for the Chinese products coming out of through Mexico or the ones in Vietnam. The targets for Vietnam, 150, whatever it was, 90 of the export of Vietnam are Chinese products. So that's against China. Right. So I think the government's smarter and moving more like a business than a government. So I think that dynamic was injected by Trump definitively. And he's figuring out all of these, the transactions that are there that are a reality. And he's trying to react to that. That's the correct thing to be doing right now. After 30 since Clinton, there hasn't been something put in place to counter a little bit the, the trajectory of what China is going on. So I think it's. It works. Were these were moves and both from a strategy perspective, political, economical, this. I was, I, I know it sounded very controversial, but it was definitely the correct move. This country has to be more on top of their game when it gets to imports and exports.
Jeff
Agreed. Now that, yeah, definitely, you know, we have to be very much aware of that. And it is interesting because a lot of things came to light during COVID you know, the good and the bad, right? We saw all the different power plays very, very clearly. Unfortunately, a lot of people slip back into, you know, just let's go back into regular every day and forget what they learned. But enough people learned, you know, what they needed to learn to make sure that things do change. Like Vincent saying, hopefully our, our, we learned, you know, we can't have medication produced in other countries, especially not a country that could be considered a potential enemy of our country.
Chip
Right?
Jeff
With what they're, they're trying to accomplish. Jim D. Said and this, this is really poignant and it's something that has, you know, I've known, you know, for many years as well and I, I agree with this. You know, they're also in a very bad position, which is why China had to advance their economic boost as fast as they could. Because of what he's talking about, what Jim D. Mentions here. China does have a major issue because of older age, lower fertility, the one child per couple. So then you basically have two people taking pair, taking care of both sets of parents and themselves based on the generation, right? And, and culture. So you have a family of two, one child. So they're taking care of the three of them plus the two sets of parents, you know, so they, they're taking care of seven people, you know. And so it does have a major impact on the economic well being of the country, of the individuals as they try to push into a more capitalist form of, of of economy. And China's always had that conflict, right? Communism politically and capitalist economically. And they try to blend the two. When a business gets to a certain size, the country steps in and the, and the Republic of China, you know, they get a seat at the, at the board of that company. So that company is no longer a private company. It's now relatively controlled by the government of China, by the Communist Party, I mean, of, of China. And so that also becomes a major issue. Are there real friends working? They actually act.
Chip
We had friends working in, in private banks in Latin America and then Chinese, I think it was this Chinese national bank, cnbc. I think they came in and they bought like the largest banks, the largest, largest buildings. They took over, man, silently five, ten years ago. And when these guys were working for banks, they were basically. And they had to go to China for training. They were in Latin America. They made them go to headquarters, they had to sit there to do some trainings and Then the party will bring in and do their sessions. They'll pick an hour and then everybody will have to step out of their meetings or whatever they were doing and they'll go to a party, party union, CCP meeting in the office. They will put into a separate room. No non, non ch, non Chinese coming into that meeting. They have to stay outside. The bureaucrat from the government will sit down and give them their discourse. One hour, two hours later. Part of that meeting. But it's mingling of the government into your business. It's, it's radical, is wrong, it's controlling and it's unfortunate. And that's exactly what we're going to start seeing in, in New York if this guy gets elected.
Jeff
Right. It's exact, exactly what they were. And we played Elizabeth Warren's clip earlier. You know, it's exactly what he was talking about. It starts with the grocery stores. Think about the takedown of Venezuela and other, other areas. They started incrementally taking over certain areas. It seemed like it made sense right to the people. Like, yeah, that makes sense. Let's let them do. There's just a little bit. They just want to help, you know, people get access to grocery stores and food. And then it's like, oh, we, we just, we don't need to take our guns out of the house. We don't need to buy ammunition, we don't need to defend ourselves. Then it was, yeah, it's okay. Let them take over the golf courses in, in wealthy neighborhoods and put tenement housing there. You know, that's okay. We'll let them do that. You know, that little by little, all of a sudden, now you have no country left.
Chip
Yeah. Also we saw a little bit of what happened with the, this recently with the tariffs, all the luxury brands, Louis Vuitton, Salvatore Ferragamo, all of these luxurious brands. They just, the guys turn around and say, hey, if you're not going to buy them, we're going to sell them to you directly at cost. Right. So they infringe on all the non disclosures. They infringe on the IP, they're infringed. Turnaround. Instead of paying your $2,000 for a pair of shoes, I'll send them for you at the cost, which is $50, $60. So this also show a little, you're doing business with people in China. If there's a crisis, they won't hold to the, to their commitments, they won't hold to their principles. I was like, I mean, we knew that was happening, but it just it's just like, it's all the marketing. They do that. These are Italian shoes, these are French shoes. These are made in Italy, they're made in China. They're just branding and finalizing probably, but it's, it's every. Every large corporation is doing the same thing. All of Procter and Gamblers over there, Unilever, huge factories, they're producing a low cost. They do this and we, we don't know that. We don't know or we don't. If we dig into it, it's like industry has something going on in China because. So cost advantageous.
Jeff
There you go. Daniel Smith. I love Brazil. November, November. During the G20, there were more Chinese flags than Brazilians. Made me rethink retiring there. There you go. That, that's a really interesting point, especially considering how hard it is to get into the Brazilian economic system for trade, you know, so to bring product in there, it, you know, it. You go through, you know, all sorts of hoops to try to sell a product there to get registered in Brazil. They'll always give preference to an indigenous made product or they'll create whatever, you know, cooperation with one company, but just getting that product in, you know, it. So the fact that, you know, China is maybe they're trying to get a stronger foothold there, but I know China had operated throughout Latin America with a lot of different products and a lot of those products. A lot of the companies in Latin America in the beginning, they're like, yeah, bring all the Chinese products in, especially like in the medical space. And then eventually, you know, people are like, well, these products aren't any good. We don't want them anymore. You know, China came in cheap, but we don't want those products. And so they turn back to some of the bigger brands and then you find out to your point, some of the bigger brands are making their products over in China. You know, so it's just like a vicious cycle. But, yeah, I think we got a wrap. We're actually on a lot longer than we normally are. Normally we're on like an hour. Sometimes Saturdays we go over, you know, we're at this hour and 45 minute. Do you have any parting comments? You want to say anything about what you're doing here locally or do you want to save that for another show?
Chip
Yeah, no, we can save it for our show, but no, thank you so much for having me here. I mean, like, what we're trying to do in Cooper City, this is a nice neighborhood, nice area, nice city, families. So I think we Have a great opportunity to keep doing things well down here. And we're trying to get a lot of people what's going on and to become more participative on what's going on in the city. And that's it. I mean, it's nothing more than that. We're focusing on security. Definitively enhance and make infrastructure, make sure that things are running the correct way. And the focus is going to be also on the community. How do we make people like, how do we build an environment for people to thrive and their families to thrive here in Cooper City. So that's, that's basically the three topics that we'll talk further.
Jeff
Yep. Awesome. Love that. And monkey business. Said that before you know it. Just working in Congress and Elizabeth Warren is holding 90 of the Yeti. Our Yetis are NFTs.
Chip
Okay.
Jeff
Afterwards. So everyone, everyone, we, we do our giveaway on typically on every show. But my song didn't come together today. So we're not going to be doing the giveaway. We're going to do it tomorrow. But when we give the giveaway, the funny thing is is that if you don't get, if you don't win when we do the drawing and we have a way to do the giveaway software that is used and it's random, it's randomized, but you'll see people tick away and it's funny, you know, so they. Everyone who loses just claims that our system is rigged. But just, just some parting comments here. And Daniel, correct 40% tariff on US electronics in Brazil. Great show. I appreciate you and JC for the show today. Thanks Jeff and JC.
Chip
Nice to meet you guys.
Jeff
Yep.
Chip
So I need to try the jetty coffee too. You have the J coffee?
Jeff
Yeah. So let me, let me just. Let me just play that before we head out of here. I'm gonna play the. I'll play the. The words behind it and I'm gonna put it up here on the screen here. Roasted beans straight to your cave month Sleep without burning your wallet. If it actually no fluff, no fad. Just great coffee. Just great coffee. Handpicked hand. Small batch. Small batch roast Yeti approved. Approved Holder. Join the join the rebellion Drink like a legend. Like a legend. Badass Badass haters Coffee no coffee no come the percolation. The percolation never stops. Never stops.
Chip
Very nice.
Jeff
They get your badass Yeti coffee atbadass yetis coffee.com and we're actually getting ready to rebrand Badass Yeti's coffee into badassery coffee. So that's gonna be pretty exciting. Got the whole badassery theme. Getting ready to rebrand and the coffee is going to be right at the top there. So it's badassery Coffee is going to go live soon. If it's not live already. Let me see if that's actually active badassery dot coffee. I'm not sure if we had that. No, it's not. It's not up yet. Eventually that will be. Oh, I spelled it wrong.
Chip
Yeah, it's there.
Jeff
Badassery. Well, Badass Yeti's coffee is there. The question is if my. If we. Badassery. Let me see if we know. We didn't point it yet. That's all right. Badass Yeti's Coffee.com is definitely live. And it's up. Get your. Get your bag. It's fresh roasted. What's unique about Badass Yeti's coffee is that when you order it, it gets roasted, packaged and then shipped. So it's not a coffee that sits on a shelf for a couple months getting stale. That's the key. It's really good quality, really good stuff. That's it. So that's it. That's all we got today. Look forward to seeing everybody back here on the show with us Sunday night, 8:00pm Eastern Standard Time. Oh, by that's tomorrow night. And so looking forward to tomorrow. We will do the badass Yetis giveaway tomorrow. I think we're going to give away one from the white tribe. I had actually picked it out. So we have him ready to go to for tomorrow night and with that we will check you guys out on the next one. Jeff, JC out. We are out of here. Hang in there for.
Chip
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Jeff
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Chip
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Podcast Title: XRP SKYROCKETS | Trump Signs GENIUS Act | Dollar-Backed Crypto Revolution
Host/Authors: On The Chain
Release Date: July 19, 2025
In this episode of On The Chain, hosts Jeff and Chip delve into a week of significant developments in the cryptocurrency and geopolitical landscape. The discussion centers around the signing of the GENIUS Act by former President Trump, the meteoric rise of XRP, the evolving role of stablecoins, and the broader implications for U.S. leadership in the digital asset space. Additionally, the episode features a special guest, JC, who brings insights from the local political arena in Broward County.
Jeff opens the discussion by highlighting the passage of the GENIUS Act, a landmark legislation aimed at establishing a clear regulatory framework for stablecoins in the U.S. This act is portrayed as a pivotal step towards cementing American dominance in the global financial and crypto industries.
Notable Quote:
Jeff [19:08]: "This Genius act will unlock American dominance in the crypto industry by creating clear rules of the road."
The GENIUS Act is lauded for updating outdated payment systems and extending the dominance of the U.S. Dollar globally through the integration of stablecoins. The legislation is seen as a fulfillment of Trump's campaign promises to position the U.S. as the crypto capital of the world.
A significant portion of the episode focuses on XRP's recent surge, marking its highest value in seven years. Jeff and Chip discuss the implications of XRP breaking its 2017 all-time high, emphasizing the asset's resilience despite past legal challenges involving Ripple.
Notable Quote:
Jeff [05:46]: "This is the first time, you know, it hasn't been... back in January, it hit $3 and $31. Right now it's hovering around $3.45."
The rally is attributed to renewed investor confidence and the positive outcomes of Ripple's legal battles, positioning XRP as a strong contender in the cryptocurrency market.
The hosts discuss the long-awaited regulatory clarity for cryptocurrencies in the U.S., highlighting the Token Taxonomy Act introduced by Congressman Warren Davidson. This act aims to modernize financial regulations to accommodate digital assets, which have been in limbo since 2018.
Notable Quote:
Jeff [16:13]: "We had Congressman Warren Davidson out of Ohio began introducing the Token Taxonomy act, which was kind of revisiting and amending the securities act and the securities Exchange act of 1933, 1934."
The conversation underscores the importance of clear regulations in fostering innovation and adoption of cryptocurrencies, contrasting the U.S. approach with more progressive frameworks in countries like Korea, Japan, and Singapore.
Chip shares anecdotes about the growing influence of cryptocurrencies in political campaigns, noting instances where significant crypto donations have shaped electoral outcomes.
Notable Quote:
Chip [15:22]: "I saw the effectiveness of crypto working towards politics for sure."
The discussion highlights how crypto donations, such as those to Senator Bernie Moreno's campaign in Ohio, are becoming a powerful tool for political fundraising and influence.
A critical comparison is made between stablecoins and Central Bank Digital Currencies (CBDCs). The GENIUS Act favors stablecoins backed by the U.S. Dollar, emphasizing transparency and consumer protection, while disfavoring CBDCs due to concerns over centralized control and privacy.
Notable Quote:
Jeff [28:05]: "That's because of the ramifications it has... keeping some of these countries out of being able to go ahead and mint their own stable coins."
The conversation stresses the advantages of stablecoins in providing a flexible and transparent payment system without the governmental overreach associated with CBDCs.
Jeff and Chip explore the transformative potential of blockchain technology beyond finance, particularly in the entertainment and real estate sectors.
Entertainment Industry:
Blockchain enables direct payments to artists, eliminating intermediaries and ensuring fair compensation for content creators.
Notable Quote:
Chip [25:05]: "They're figuring out okay, if you can use the XRP platform, they're figuring out okay, if there's a contract where using specific, specific lyric or specific song, people can use that song and then pay and the money will go directly to the producer and the artist..."
Real Estate:
Tokenization of real estate allows for fractional ownership, making property investment more accessible and reducing barriers associated with traditional real estate transactions.
Notable Quote:
Jeff [25:05]: "Tokenization of real estate, you know, so that way you can have fractional ownership."
These applications highlight blockchain's capability to enhance transparency, reduce costs, and streamline processes across various industries.
The episode addresses the challenges of mainstream crypto adoption, focusing on the necessity for institutional custody solutions to manage digital assets securely.
Notable Quote:
Jeff [42:09]: "This is the one port point where we need a centralized company software bank, crypto exchange, whatever it is, to help mainstream or Main street users manage their digital asset and manage their tokenized fractional share ownership. It needs to be held by custodian."
The hosts discuss the importance of custodial services to prevent asset loss due to factors like lost private keys, advocating for a balanced approach between decentralization and security.
A significant portion of the discussion shifts to the manipulation of public opinion through media and protests, likening these tactics to hybrid warfare. Jeff and Chip express concerns over coordinated propaganda efforts by various political and terrorist groups to influence public perception and destabilize societal norms.
Notable Quote:
Chip [51:35]: "This is something that we've detected and we understand and now we have to fight back on those two grounds, not just kinetically, but also in the public opinion."
The conversation touches on the role of social media and traditional media in shaping narratives, emphasizing the need for critical thinking and information discernment among the public.
The hosts examine the escalating economic and technological competition between the U.S. and China, highlighting concerns over supply chain dependencies, intellectual property theft, and strategic dominance in key industries like manufacturing and technology.
Notable Quote:
Jeff [91:39]: "All of a sudden, China rose to a completely different level... they're a major player at center stage, economically speaking."
The discussion includes the impact of COVID-19 on accelerating China's economic influence and the U.S.'s strategic responses to mitigate risks associated with Chinese technological and economic advancements.
As the episode wraps up, Jeff and Chip emphasize the importance of community involvement and education in combating misinformation and fostering a robust crypto ecosystem. They encourage listeners to actively participate in local politics and support initiatives that promote transparency and technological advancement.
Notable Quote:
Jeff [70:03]: "We have to use our knowledge and information to help educate people and change people's perception on, you know, on being active, taking action."
The hosts also mention upcoming giveaways and rebranding efforts for their coffee venture, reinforcing their commitment to engaging with their audience and building a supportive community.
This episode of On The Chain provides a comprehensive overview of the intersecting worlds of cryptocurrency, politics, and global economics. By exploring legislative advancements like the GENIUS Act, the resurgence of XRP, and the strategic maneuvers in U.S.-China relations, Jeff and Chip offer listeners valuable insights into the forces shaping the future of digital assets and their broader societal implications.
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