Brad Garlinghouse isn't holding back. 🚨 The Ripple CEO just went on Fox Business to call out Jamie Dimon’s pushback on crypto regulation as an "intentional misrepresentation."
“$13 TRILLION in legacy volume, 0% on-chain... yet. 👀”
"Stablecoins are the ChatGPT moment of finance." 💥
He revealed Ripple Treasury handled a massive $13 TRILLION in legacy payments last year and explained why that multi-trillion dollar gap is the ultimate crypto opportunity.
The tides have officially changed. 👇
Just another day as a missionary.
"If the world hates you, know that it has hated me before it hated you...If they persecuted me, they will also persecute you"
[Language]
I initially thought Agentic payments are bs.
I get it now. It's a channel, like PayPal, visa or MasterCard, but allows your agent to buy stuff, a protocol for human in loop approval, and payment in the background.
I like it. Cool.
Bessent is restoring the Hamiltonian American System, and the market has not priced what that means. This is not standard Republican deregulation or a normal tariff cycle. It is a coordinated shift toward national-development capitalism: tariffs, energy abundance, AI infrastructure, reshoring, strategic credit, and productive capacity.
Warsh fits that framework. His AI-productivity argument gives the Fed a path to cut or hold easier than consensus expects because the policy story is not “stimulate demand.” It is “finance supply.” CPI may shake the market near term, but if inflation cools while investment accelerates, this becomes the dominant narrative.
My view: this market goes further and lasts longer than most expect because the administration is trying to launch a new credit and investment cycle around AI, energy, manufacturing, and American industrial capacity. The market is still treating the pieces separately.
https://t.co/pFLmRxrgL2
https://t.co/7c2whWs1lR
Henry Clay and the American System
The economic revolution underway in America is a return to the system that built the country in the first place.
Henry Clay called it the American System. Hamilton understood the same architecture before him. A serious country does not outsource its industry, surrender its credit system, neglect its internal improvements, and then pretend it will remain sovereign because the S&P is high and imported goods are cheap. That is managed decline.
I am from Lexington, Kentucky, where Henry Clay’s home Ashland sits at the center of town with quiet authority, I’ve walked the grounds more times than I can count. My grandfather always told me that Clay said he’d rather be right than President, and I think we have a President who’d rather be right than popular.
The American System was tariffs, credit, and infrastructure. Protect the industries necessary for independence. Use finance to build productive capacity. Connect the interior of the country so farms, factories, mines, ports, towns, and cities could become one national market. Orders become production. Production becomes wages. Wages become families, towns, savings, skills, and power.
We abandoned that logic and called the abandonment sophistication. Free trade became a sacrament, financialization became growth. Cheap labor abroad became efficiency and the Rust Belt and Appalachia was told to learn to code while its tax base, churches, schools, machine shops, and civic life were turned to frogs boiling slowly in the pot.
Trump, Bessent at Treasury, Warsh at the Fed, and Navarro openly invoking Clay are not random data points, but signs that the old framework is being challenged directly. Tariffs are no longer just “protectionism.” They are leverage to open markets, bargaining power, and industrial policy. Credit is not just liquidity for Wall Street. It is a question of what kind of country we are financing.
Markets are still trying to process this through the old machine. Strong jobs come in and the reflex is still “bad news, the Fed won’t cut.” That is the world we live in: growth as a problem, labor strength as inflation, productive ambition as something to discipline. But if the policy regime is changing, then the market regime changes too. The winners are not necessarily the same winners of the last 30 years.
This is why “America First” is not, at its best, a slogan. It is a question. Does this make America more capable, more independent, more productive, more skilled, more secure? Does it build power here, or does it merely optimize other power structures?
Bernie voters and Trump voters both sensed the same rot from different directions. They knew the system was rigged toward finance, management, credentialed language, imported labor arbitrage, and asset owners. They did not use the same words, and they did not want the same remedies, but they were looking at the same boiling pot.
The next phase is about production. And it is here. Energy, metals, machinery, skilled trades, shipyards, grids, factories, housing, transportation, defense, credit, and the dignity of making things again. The American System was never quaint. It was the operating system of a young republic that intended to become a great power.
What’s old is new again, right in time.