Latest / The Paul Barron Crypto Show / D.O.G.E. Dividend DEAD💀Elon Rugpulls XRP Again!🔥

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D.O.G.E. Dividend DEAD💀Elon Rugpulls XRP Again!🔥 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Is the Doge dividend dead today. We'll break it down
• 0:08
  Speaker 1: for you how all of this may be affecting the
• 0:10
  Speaker 1: crypto market as well as so much more. You guys
• 0:13
  Speaker 1: don't want to miss it. My name is Small Barre.
• 0:14
  Speaker 1: Welcome back in the tech path. Let's get started. I
• 0:16
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• 0:45
  Speaker 1: Let's go over to a coverage that we have done
• 0:48
  Speaker 1: a few months ago, and it was in reference to
• 0:51
  Speaker 1: the promise and the idea of a Doze dividend.
• 0:54
  Speaker 2: Now everybody remembers Doze.
• 0:55
  Speaker 1: The Department of Government Efficiency led by Elon Musk. But
• 0:59
  Speaker 1: really what this was all about was the potential of
• 1:02
  Speaker 1: savings for the American people and then taking those savings
• 1:06
  Speaker 1: and allowing those savings to be actually paid back to
• 1:10
  Speaker 1: Americans for all this overage and abuse that existed. Very
• 1:14
  Speaker 1: big proponent we were of that problem was is that
• 1:19
  Speaker 1: part of it started failing when we got the promise
• 1:23
  Speaker 1: of the Department of Governed Efficiency doing a live feed
• 1:27
  Speaker 1: of all the savings that were going to be done,
• 1:30
  Speaker 1: and of course right here the website will improve with
• 1:32
  Speaker 1: updates real time. Never happened, guys, never happened. So even
• 1:36
  Speaker 1: with all those great engineers, this did not come about.
• 1:39
  Speaker 1: And this, I think is where one of the maybe
• 1:41
  Speaker 1: the first few times that Elon has actually been in
• 1:45
  Speaker 1: a situation where he has failed going it on things
• 1:49
  Speaker 1: like this. So I want to go to a clip
• 1:51
  Speaker 1: because this is where Elon actually gives up.
• 1:54
  Speaker 2: Take a look.
• 1:54
  Speaker 3: He said this week he's pulling back from politics.
• 1:58
  Speaker 4: I'm going to do a lot in the future.
• 2:00
  Speaker 5: And why is that.
• 2:03
  Speaker 6: I think I've done enough. Disappointed to see the massive
• 2:07
  Speaker 6: spending bill, frankly, and that reminds the work that the
• 2:10
  Speaker 6: NOOS team is doing.
• 2:11
  Speaker 2: Everything He's done on dose gets wiped out in the
• 2:14
  Speaker 2: first year.
• 2:15
  Speaker 7: Were you so surprised though, that he was so public
• 2:17
  Speaker 7: about it.
• 2:18
  Speaker 8: The only thing that would ever surprise me about Elon
• 2:20
  Speaker 8: Musk is if he bit his tongue.
• 2:22
  Speaker 1: Yea, all right, So you can kind of tell just
• 2:25
  Speaker 1: by the body language there. Elon looks a bit defeated here. Obviously,
• 2:28
  Speaker 1: the tax bill and the spending bill all combined, I
• 2:32
  Speaker 1: think sets back a lot of what he was trying
• 2:34
  Speaker 1: to do. Granted, many of what he was trying to
• 2:37
  Speaker 1: do just either did not get executed. Maybe it's the
• 2:39
  Speaker 1: blue you know, the red tape that is required there
• 2:41
  Speaker 1: in DC around all of this. But he paid a
• 2:44
  Speaker 1: heavy price for this. Elon must net favorability right here
• 2:49
  Speaker 1: since Trump, which right there January first, you guys can
• 2:52
  Speaker 1: kind of see this, Let me kind of zoom in
• 2:54
  Speaker 1: on that for you, net favorability is down negative almost
• 2:57
  Speaker 1: fifteen percent. So Tasla has paid the price. Tesla owners
• 3:02
  Speaker 1: have paid the price going forward. Now, the idea of
• 3:05
  Speaker 1: doge was actually a very good idea. This was the
• 3:08
  Speaker 1: architect of it. He was the original guy, James Fishback.
• 3:10
  Speaker 1: He was a CEO of Azoria. He was the one
• 3:14
  Speaker 1: proposing the idea of hey, with these dividends, with these savings,
• 3:18
  Speaker 1: let's go back and actually pay some of this back
• 3:20
  Speaker 1: to the American taxpayer.
• 3:21
  Speaker 2: The idea was just rock solid, and maybe still is today.
• 3:25
  Speaker 1: If there could be some architecture for that to be done,
• 3:29
  Speaker 1: if Trump could actually follow through with that, maybe with
• 3:32
  Speaker 1: different functions coming out of DC, because you've got to
• 3:35
  Speaker 1: be able to play the political game, and I don't
• 3:36
  Speaker 1: think Elan was prepared for the kind of politics that
• 3:40
  Speaker 1: play out in DC. Now Here is where Fishback, the
• 3:44
  Speaker 1: author of Doge, defends some of the things that happen.
• 3:47
  Speaker 7: Take a look the man whose idea it is not Elon,
• 3:53
  Speaker 7: it is James Fishback. Those keeps getting shit wrong, James.
• 3:58
  Speaker 7: And if they just did it and then got it
• 4:00
  Speaker 7: all right and came out with it once, instead of
• 4:03
  Speaker 7: Elon having a wave around a chain saw, you wouldn't
• 4:05
  Speaker 7: get as much scrutiny.
• 4:07
  Speaker 4: Yeah, so everyone's going to get stuff wrong, Chris. What
• 4:10
  Speaker 4: I think the issue is is that at least Doge
• 4:13
  Speaker 4: is admitting it. So I'm not going to hold Doze
• 4:15
  Speaker 4: and I don't think any Americans should to this perfection standard.
• 4:18
  Speaker 1: All Right, So some of the points that they made,
• 4:20
  Speaker 1: that he made with Chris Cuomo there. Of course, some
• 4:22
  Speaker 1: of it has been around the mistakes that are made
• 4:24
  Speaker 1: and when you look at the efficiency side of government.
• 4:27
  Speaker 1: The point is is that these were designed to be
• 4:29
  Speaker 1: audits look for fraud and abuse, and these should have
• 4:33
  Speaker 1: very cut and dry situations. An audit is just that
• 4:36
  Speaker 1: an audit.
• 4:37
  Speaker 2: It's accurate almost to the penny.
• 4:39
  Speaker 1: And I think that's where some of this failed on
• 4:42
  Speaker 1: what Elon was trying to do.
• 4:43
  Speaker 2: And you go a.
• 4:44
  Speaker 1: Little bit further, and this is something that I never
• 4:47
  Speaker 1: really understood because we kind of had an anticipation that
• 4:50
  Speaker 1: the blockchain would solve a lot of these problems. Here's
• 4:54
  Speaker 1: a clip from Steve Bannon. Take a look at this.
• 4:56
  Speaker 3: I think with Elon before he leaves, we need to
• 4:59
  Speaker 3: have accounting. He's questioned the integrity of the system. We
• 5:03
  Speaker 3: need to have a very specific accounting and I mean details.
• 5:07
  Speaker 3: Treasury's got to sign off that ow Andb's got to
• 5:09
  Speaker 3: sign off in every department. Hit because he went from
• 5:11
  Speaker 3: two three in a year to one hundred and fifty
• 5:12
  Speaker 3: billion dollars next year with nothing this year. None of
• 5:15
  Speaker 3: this makes sense. The cuts you've seen that have been
• 5:18
  Speaker 3: announced are programmatic. That's a totally different thing, and that
• 5:22
  Speaker 3: has to happen I think in the month of May, and.
• 5:24
  Speaker 4: Sounds like you don't trust him not to take data.
• 5:27
  Speaker 3: Trust but Verify.
• 5:30
  Speaker 5: All right?
• 5:30
  Speaker 1: I like that trust with Verify. That's the point. Blockchain
• 5:33
  Speaker 1: is the way to get this done. The question is
• 5:35
  Speaker 1: is whether or not the American government would actually try
• 5:38
  Speaker 1: to do something like this because it would hold accountability
• 5:41
  Speaker 1: at the highest level. Maybe that is what Elon was seeing.
• 5:45
  Speaker 1: I don't know, or was it something else. Was there
• 5:47
  Speaker 1: a lot of his own ideas that he was trying
• 5:50
  Speaker 1: to implement that would benefit his companies. There's many things
• 5:53
  Speaker 1: that people are speculating around this right now.
• 5:56
  Speaker 2: Now.
• 5:57
  Speaker 1: Elon is now being questioned around his involvement with Tesla,
• 6:01
  Speaker 1: because remember he's now departed from Doze, so he didn't
• 6:04
  Speaker 1: see that through Granny wasn't there, supposed to be there
• 6:07
  Speaker 1: very long.
• 6:07
  Speaker 2: But the idea was get the job done. Didn't get done.
• 6:11
  Speaker 1: Now let's go do the job of running the company
• 6:14
  Speaker 1: that he should be running, which is Tesla.
• 6:15
  Speaker 2: Here's what he had to say. Take a look, so.
• 6:17
  Speaker 5: Now you committed to still being the chief executive of
• 6:20
  Speaker 5: Tesla in five years time. Yes, no doubt about that
• 6:26
  Speaker 5: at all. Does that mean that the value of your
• 6:29
  Speaker 5: pay doesn't have any bearing on your decision?
• 6:37
  Speaker 6: Well, that's not really, sorry discussion in this forum.
• 6:40
  Speaker 5: Your decision to be committed to Tesla for the next
• 6:44
  Speaker 5: five years as long as you are still with us
• 6:46
  Speaker 5: on this planet is completely independent to pay. No, it's
• 6:53
  Speaker 5: not independent. So pay is a relevant factor then to
• 6:56
  Speaker 5: your commitment to Tesla.
• 6:57
  Speaker 2: I can't be sitting there and one to get tossed out.
• 7:01
  Speaker 2: That will be unacceptable.
• 7:02
  Speaker 6: That's all that matters.
• 7:04
  Speaker 4: Now, let's move on.
• 7:05
  Speaker 5: Okay, Well just one question?
• 7:07
  Speaker 6: Move on?
• 7:08
  Speaker 1: Well, all right, So you can see very sensitive on
• 7:12
  Speaker 1: this issue. Many of this may be because of the
• 7:15
  Speaker 1: pay debacle that Elon went through about getting bonuses after
• 7:19
  Speaker 1: he achieved certain results. Part of this also could be
• 7:23
  Speaker 1: him being burned by DC. So there's just a lot
• 7:26
  Speaker 1: of issues I think that are facing Elon Musk and
• 7:29
  Speaker 1: the companies that he's involved in. So Tesla uh, definitely
• 7:32
  Speaker 1: in a different place.
• 7:33
  Speaker 6: Now.
• 7:33
  Speaker 1: The one company that are I guess initiative that he's
• 7:36
  Speaker 1: very focused on is this one right here, and that
• 7:39
  Speaker 1: is Xai. Xai is involved heavily with obviously x and
• 7:46
  Speaker 1: groc all of this eventually, I think will either tie
• 7:49
  Speaker 1: into two areas of where the potential of his empires
• 7:53
  Speaker 1: could flow, and that is going to be in the
• 7:54
  Speaker 1: AI side. I do think robotics is going to be
• 7:56
  Speaker 1: a big part of this, even though it's still very
• 7:58
  Speaker 1: very early for op to miss in some of the
• 8:00
  Speaker 1: things that are happening there. Full self driving, still struggling
• 8:05
  Speaker 1: with it completely getting done. We're going to see continuing challenges.
• 8:09
  Speaker 1: I think with Taslin. Now that the tax.
• 8:11
  Speaker 2: Credit is off the table, it is a very.
• 8:14
  Speaker 1: Difficult time I think for a lot of these companies,
• 8:16
  Speaker 1: and Elon is now starting to realize all of that.
• 8:19
  Speaker 1: Here is a little bit more of a clip that
• 8:22
  Speaker 1: may reveal how Elon maybe stepped away.
• 8:27
  Speaker 2: Take a look.
• 8:28
  Speaker 3: The first big fight we've had with Elon was over
• 8:31
  Speaker 3: Elon pushed Howard Lutnick and Bannon and war Room pushed
• 8:36
  Speaker 3: Scott Bessen and that got very nasty and mar Lago
• 8:38
  Speaker 3: I'll be blunt if Howard Lutnik had been Secretary of
• 8:40
  Speaker 3: the Treasury been an unmitigated disaster. And this is about
• 8:44
  Speaker 3: people putting their own interest first, like Elon, versus putting
• 8:49
  Speaker 3: the nation's interest first.
• 8:51
  Speaker 2: I first of all, I agree with that statement.
• 8:52
  Speaker 1: You cannot have your interest first if you're performing or
• 8:56
  Speaker 1: serving in public office.
• 8:58
  Speaker 2: It is the will of the people that you're trying
• 9:00
  Speaker 2: to do this for.
• 9:01
  Speaker 1: And if you guys remember there's actually been some X
• 9:05
  Speaker 1: drama out there where Besson and Elon actually got in
• 9:08
  Speaker 1: a shouting match. So and I think a lot of
• 9:10
  Speaker 1: this has been built around the whole issue around payments
• 9:13
  Speaker 1: and the issue that Elon was really messing up in
• 9:16
  Speaker 1: terms of trying to function on this new evolution of
• 9:20
  Speaker 1: what DOGE was well, Scott Bessen actually had some plans
• 9:24
  Speaker 1: that he thought would work and may actually work. One
• 9:27
  Speaker 1: of them was saving two billion that could be cut
• 9:30
  Speaker 1: from the IRS technology budget without disruptions, and that was
• 9:33
  Speaker 1: one of the key things that Elon really did not
• 9:37
  Speaker 1: do because he was causing a lot of disruptions mostly
• 9:40
  Speaker 1: because of personal interest, maybe personal interests to our companies,
• 9:44
  Speaker 1: personal interest towards certain kinds of benefits to the companies.
• 9:47
  Speaker 1: We don't really know the full extent of.
• 9:49
  Speaker 2: What it was. What we do know is the execution.
• 9:53
  Speaker 1: Was horrible, and I think he is now starting to
• 9:55
  Speaker 1: see and one of the reasons, of course, beyond just
• 9:58
  Speaker 1: the point of everybody pointing fingers at Elon Musk. He
• 10:01
  Speaker 1: is now he's starting to see his failings, especially around
• 10:04
  Speaker 1: someone like Besson, who has been running hedge funds for
• 10:08
  Speaker 1: quite some time. Not that you know Elon can't run companies,
• 10:11
  Speaker 1: but he's a great engineer. He's not an auditor. He's
• 10:14
  Speaker 1: not a guy that really understands the financial system. That's
• 10:16
  Speaker 1: where Besson comes in, and I think that's the big
• 10:18
  Speaker 1: factor going forward.
• 10:21
  Speaker 6: Now.
• 10:21
  Speaker 1: I want to go to another clip here, because this
• 10:22
  Speaker 1: is when Bessett came in and said, all right, we're
• 10:27
  Speaker 1: going to be able to draw the line in the sand.
• 10:28
  Speaker 2: Here. Take a look.
• 10:30
  Speaker 8: I guess I was going to ask, was you just
• 10:32
  Speaker 8: mentioned there were two people were working with respected does
• 10:34
  Speaker 8: at the time.
• 10:35
  Speaker 6: Yes, sir, that conversation was about a discussion of the
• 10:40
  Speaker 6: payment system.
• 10:41
  Speaker 8: He I got asked for the short version, oh, that.
• 10:45
  Speaker 6: It was people like this individual who were hitting send
• 10:48
  Speaker 6: on the payments. I've come to find out a huge part.
• 10:52
  Speaker 8: Of the cappologizic. Well, mister Ales had worked at mister
• 10:55
  Speaker 8: Musk's SpaceX company. This man resigned that individuals dominated.
• 11:00
  Speaker 3: He was terminated.
• 11:01
  Speaker 8: Okay, I appreciate that, although it appears that he then
• 11:04
  Speaker 8: later turned up that he was rehired, I guess.
• 11:07
  Speaker 6: And that he's continuing Treasury stirt. Okay, I didn't follow
• 11:10
  Speaker 6: his career. Okay.
• 11:11
  Speaker 8: Would you have brought him on in the capacity that
• 11:13
  Speaker 8: he had at the Department of Treasury?
• 11:16
  Speaker 6: I think the Office of Personal Management would have flagged
• 11:20
  Speaker 6: would you have brought him on? Sir? Again, I'm not
• 11:24
  Speaker 6: going to speculate the chair.
• 11:27
  Speaker 1: I Basically what he's saying is the guys that were
• 11:29
  Speaker 1: working for Elon, they were doing the various things, we
• 11:32
  Speaker 1: got rid of them. No, we're not going to bring
• 11:34
  Speaker 1: them back in to the office in any way, even
• 11:36
  Speaker 1: though they were attempted for a rehire. Now Bessett looks
• 11:39
  Speaker 1: at trying to restructure a lot of this, and many
• 11:42
  Speaker 1: of his ideas have been interesting. The question is, is
• 11:45
  Speaker 1: Kenny execute Here's a clip that kind of breaks down
• 11:48
  Speaker 1: how he's going to modernize the IRS.
• 11:50
  Speaker 6: The tech monetization program at the RS was begun in
• 11:54
  Speaker 6: nineteen ninety that the young man who I put in
• 11:58
  Speaker 6: charge of it was not even born then, so that
• 12:01
  Speaker 6: it's fifteen billion over budget, it's three and a half
• 12:05
  Speaker 6: billion a year budget. I think it's running on Cobal
• 12:09
  Speaker 6: which is work. So we are going to fix that,
• 12:13
  Speaker 6: and I think it could be substantial savings to the
• 12:16
  Speaker 6: American people because the IRS roughly processes as many transactions
• 12:22
  Speaker 6: as a mid size US bank.
• 12:24
  Speaker 1: The damage has been done over many decades. Besson is
• 12:29
  Speaker 1: attempting to try to go in and restructure a lot
• 12:31
  Speaker 1: of this. And even the guy who authored the idea
• 12:35
  Speaker 1: of DOZ this was James fishback on the idea. Here's
• 12:39
  Speaker 1: Charlie Kirk just asking which member of Trump's cabinet is
• 12:42
  Speaker 1: doing the best job right now? Bessant hands down, clearly
• 12:46
  Speaker 1: the way to go. So this has been one of
• 12:49
  Speaker 1: those scenarios that, of course has been a great idea,
• 12:51
  Speaker 1: did not get executed on. In fact, may have had
• 12:54
  Speaker 1: some other underlying things that were going on. So last
• 12:58
  Speaker 1: point I want to make here is if you are guys,
• 13:00
  Speaker 1: will remember this is kind of what got us so
• 13:02
  Speaker 1: charged on this thing, and that was that the idea
• 13:05
  Speaker 1: was that government efficiency programs would start to fall to
• 13:09
  Speaker 1: the blockchain and this is where no shenanigans could be done.
• 13:13
  Speaker 1: And I think that was the effort and the hope
• 13:16
  Speaker 1: of where it could go, but it never happened. That
• 13:19
  Speaker 1: was an article back in January. That was the future.
• 13:22
  Speaker 1: That was the idea, the hope, you know, the vision
• 13:25
  Speaker 1: of what could be with doge, and it actually became
• 13:30
  Speaker 1: poop instead of DOGE. Remember that Avalanche is already executing
• 13:36
  Speaker 1: on a lot of this, some of it has been
• 13:38
  Speaker 1: around FEMA and also the DMV California DMV. Remember if
• 13:41
  Speaker 1: you're running something of that stature and you're doing it
• 13:46
  Speaker 1: just as an l one or just as a side project,
• 13:48
  Speaker 1: imagine what you could do if you.
• 13:49
  Speaker 2: Really got investment and buy in from a government.
• 13:53
  Speaker 1: Entity like the US government. This is a big deal
• 13:55
  Speaker 1: that could really make a change in the future. With
• 13:58
  Speaker 1: all that being said, let's not forget well everything else
• 14:02
  Speaker 1: here in the United States around dose is not necessarily happening. Well,
• 14:05
  Speaker 1: we've got some things happening over in Dubai and that
• 14:09
  Speaker 1: is all being built right now on the XRP ledger.
• 14:12
  Speaker 1: And much of this is being done not only with
• 14:15
  Speaker 1: the idea of going on the ledger, but it's also
• 14:17
  Speaker 1: the transactions that are happening as well. Seven percent of
• 14:21
  Speaker 1: devised total property transactions now being executed on blockchain. Guys,
• 14:26
  Speaker 1: this is ridiculous for the United States to not be
• 14:29
  Speaker 1: this far along with one of the best technologies out there,
• 14:33
  Speaker 1: and it's a little bit demoralizing, especially when you think
• 14:36
  Speaker 1: about David Sachs, who is the guy who can make
• 14:40
  Speaker 1: a lot of this happen, is the czar for Crypto
• 14:42
  Speaker 1: and AI I don't understand.
• 14:44
  Speaker 2: I know he's a good.
• 14:44
  Speaker 1: Friend of Elon Musk and I understand that with the
• 14:47
  Speaker 1: podcast and all that, but the reality is there.
• 14:50
  Speaker 2: Is some opportunities here.
• 14:52
  Speaker 1: Execution can happen on the blockchain if we can get
• 14:55
  Speaker 1: the right people in there to get it done. If
• 14:58
  Speaker 1: you guys are not tuned in to the Diamond Circle,
• 15:01
  Speaker 1: that's our own special place for you guys, and it's
• 15:03
  Speaker 1: absolutely free. You can also communicate with me out there
• 15:06
  Speaker 1: on Telegram which is just in the link down below,
• 15:09
  Speaker 1: and follow me on x at Paul Baron. We'll catch
• 15:11
  Speaker 1: you next time right here on tech Path