🚨 WOW! JD Vance says it PERFECTLY
VANCE: "I was a critic of Trump in 2015 and 2016. Now I'm the VP of the US in the Trump admin."
JOY BEHAR: "Yeah, what happened?"
VANCE: "Well, Joy, a little HUMILITY. When you make predictions and those predictions turn out to be false, you got to ask yourself, well, what made me wrong about that? What did I not understand or not appreciate?"
"For example, I said that Donald Trump's economic policies would not lead to wage growth. They did in the first term. That was actually a major, major thing!" 🔥
"I said that we couldn't bring back any of those factory jobs because I kind of had given into this idea that those jobs were disappearing, but actually Donald Trump, you saw a manufacturing boom during that administration!"
"So there's a certain point where you say, you know, I made predictions about this. I ended up being wrong. And in politics and anything, I think it's important to just say, you know what, I got some things wrong and I was wrong about him."
Boom!
@DefiantLs So..only for one day??? Lolz.. so that mean you'll shop the day before and after. Lolz.......you should try 1 month... lolz you wouldn't survive a week
With all the noise lately around SWIFT vs XRP (which is such a dumb comparison), I will weigh in on what SWIFT really is, and I will comment on how Ripple will (eventually replace or augment it). And yes nothing Bout XRP, mooning or switch flipping.... But if you are after some clear, unhyped, unbias info, read on....
I can appreciate most people haven't used SWIFT, and don't know how painful and expensive it is. Which is why fragmented providers do remits, but on a much much smaller scale. Think a company has to pay $13M A month.
Most of the problems aren’t in the software — they come from how SWIFT and correspondent banking actually work. SWIFT is only a secure messaging system, it doesn’t move money. Settlement depends on chains of banks holding balances with each other (nostro/vostro accounts).
Example: A customer in Japan (BOJ) sends $100 to a customer in Australia (CBA).
SWIFT process:
1. BOJ customer initiates a SWIFT payment (T+0h).
2. BOJ routes through its USD account at Citibank in New York (T+2–4h, subject to cut-offs).
3. CBA maintains a USD account at Bank of America in New York (T+4–8h).
4. SWIFT instructs Citi to debit BOJ’s account and credit BOA’s account (T+12–24h, dependent on US domestic rails and batch processing).
5. BOA confirms receipt, SWIFT relays confirmation (T+24–48h).
6. CBA finally releases funds locally in AUD (T+48–72h).
End result: multiple intermediaries, FX exposure, compliance checks, and settlement delays stretching over days.
**Total time: 2–3 days.**
Ripple process:
- BOJ converts JPY to XRP instantly at a local exchange in Japan.
- XRP is transferred directly across the ledger within 3–5 seconds.
- XRP is converted to AUD at a local exchange in Australia.
- CBA (or the receiving bank) credits the customer’s AUD account almost instantly.
Of course this is oversimplified, and the bulk of the complexity is actually establishing a compliant framework for this to happen.
End result: no nostro/vostro accounts, no multi-day settlement, near-instant finality with lower cost and transparency.
Total time: ~5–10 seconds.
Building reusable rockets is hard, quantum computing is hard, self driving cars is hard, AI is hard, and Ripple changing how we use money internationally IS HARD. We in it for a long time, not good time.
With all the noise lately around SWIFT vs XRP (which is such a dumb comparison), I will weigh in on what SWIFT really is, and I will comment on how Ripple will (eventually replace or augment it). And yes nothing Bout XRP, mooning or switch flipping.... But if you are after some clear, unhyped, unbias info, read on....
I can appreciate most people haven't used SWIFT, and don't know how painful and expensive it is. Which is why fragmented providers do remits, but on a much much smaller scale. Think a company has to pay $13M A month.
Most of the problems aren’t in the software — they come from how SWIFT and correspondent banking actually work. SWIFT is only a secure messaging system, it doesn’t move money. Settlement depends on chains of banks holding balances with each other (nostro/vostro accounts).
Example: A customer in Japan (BOJ) sends $100 to a customer in Australia (CBA).
SWIFT process:
1. BOJ customer initiates a SWIFT payment (T+0h).
2. BOJ routes through its USD account at Citibank in New York (T+2–4h, subject to cut-offs).
3. CBA maintains a USD account at Bank of America in New York (T+4–8h).
4. SWIFT instructs Citi to debit BOJ’s account and credit BOA’s account (T+12–24h, dependent on US domestic rails and batch processing).
5. BOA confirms receipt, SWIFT relays confirmation (T+24–48h).
6. CBA finally releases funds locally in AUD (T+48–72h).
End result: multiple intermediaries, FX exposure, compliance checks, and settlement delays stretching over days.
**Total time: 2–3 days.**
Ripple process:
- BOJ converts JPY to XRP instantly at a local exchange in Japan.
- XRP is transferred directly across the ledger within 3–5 seconds.
- XRP is converted to AUD at a local exchange in Australia.
- CBA (or the receiving bank) credits the customer’s AUD account almost instantly.
Of course this is oversimplified, and the bulk of the complexity is actually establishing a compliant framework for this to happen.
End result: no nostro/vostro accounts, no multi-day settlement, near-instant finality with lower cost and transparency.
Total time: ~5–10 seconds.
Building reusable rockets is hard, quantum computing is hard, self driving cars is hard, AI is hard, and Ripple changing how we use money internationally IS HARD. We in it for a long time, not good time.
It appears that this is the kind of resistance one encounters when challenging and attempting to change a well-established industry standard that is resistant to change. #XRP
XRP News Today: 42 Banks Oppose Ripple's Federal License Bid Over Regulatory Clarity and 2.5-Week Review Concerns https://t.co/HA56M9D64b
Elon Musk “I'll tell you a lesson I learned at PayPal. You know who complained the loudest, the quickest and the loudest and with the most amount of righteous indignation? The fraudsters. That's who complained first, loudest, and they would generally have this immense overreaction. That's how we knew they were the fraudsters."
"Xi can only stay the Supreme Leader if people are employed."
"America is the #1 economy on earth with all the cards. We will not have that forever. It's time to squeeze Chinese heads into the wall."
Kevin O'Leary calls for 400% tariffs on China.
I believe in the use of strategic tariffs and believe something needed to be done to stop America from being taken advantage of. I am, however, like many, concerned about the implementation of the tariffs, including the methodology used to calculate tariffs but, if @SecScottBessent is in charge moving forward, I become much more confident. He is quite impressive and he talks about issues, like the disparity in the wealth gap, and the lack of affordability for working families to own a home, things other @USTreasury Secretary’s have not openly discussed.
China has been hit much harder than the USA, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless “whipping post,” but not any longer. We are bringing back jobs and businesses like never before. Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast! THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the end result will be historic. We will, MAKE AMERICA GREAT AGAIN!!!
Donald Trump Truth Social 04/05/25 08:34 AM
Liberals on X with $17.86 in their savings accounts, 12 credit cards maxed out at 23% interest rate, a 10 year car loan with an 18% interest rate, and a 30 year mortgage with no money down at a 7.8% interest rate ... want you to know why the self-made billionaire President's tariffs won't work, and why the richest man on the planet doesn't know how to cut waste and abuse.
“I’m not a Pro-Trumper at all. But I believe in it. I’m a business owner. I know how it works”
Trump’s Tariffs explained in simple terms! America’s business owners want this!! 🔥👇🏼