The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - The Somalian Scam - Why Immigration Needs to Be Completely Revamped | Sip and Rip 006

Episode Date: December 1, 2025

FRIENDS AND ENEMIESIn this week's Sip and Rip:Alberta and Ottawa Ink MOUTrump vs. ImmigrantsCoinbase UBIMSTR vs MSCITether Buys Goldand moreSponsors:easyDNS - https://easydns.com EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. With DomainSure and EasyMail, you'll sleep soundly knowing your domain, email and information are private and protected. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - ⁠⁠https://mission.bullbitcoin.com/cbp⁠⁠ The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for 25% off fees FOR LIFE, and start stacking today.256Heat -⁠ https://256heat.com/ ⁠ GET PAID TO HEAT YOUR HOUSE with 256 Heat. Whether you're heating your home, garage, office or rental, use a 256Heat unit and get paid MORE BITCOIN than it costs to run the unit. Book a call with a hashrate heating consultant today.

like a threat. And one of the things that can't be attacked is your self-custy Bitcoin. And one of the things that can be attacked is the ZDF. Can't be exposed to that. That's my view. It's not a good idea. And by the way, that'll hit an MSDR too. You'll probably know this stuff as well. Friends and enemies, welcome back. Can you think Bitcoin's podcast? Friends and enemies, welcome to the CBP want to be better and formalists to lend and joey spots Friends be careful right up the top of Bitcoin in the CDNF media. It doesn't matter what topics discussed. Quality and entertainment and information you can trust.

Friends and enemies, welcome to trust. Send that guy some value. Boost them with some stats. Bitcoin is a scarcity. Yes. I mean it's just a fact. Friends and enemies, welcome to a late night. Welcome to a late night sip and rip, where I'm actually not sipping anything.

I just started this thing and realized I left my water bottle outside the podcast studio. So I'm not going to be slipping on anything tonight. I am also going to try and interact with the chat a little bit, but it's going to be hard for me to see it, given that I'm going to be sharing a window and doing this without doing any edits or really much prep, to be honest with you. I know I usually record these in the mornings, but I've been so busy the last few days with a number of different things. that I didn't have time to do it until tonight. And I thought, why not do it live since you guys seem to like it? So here we are.

First, as always, or is it as always? Let me get my... There we go. This is the Zellers at Sherman and Mohawk right here in the photo. I don't know if you guys can see that. Hopefully you can. I'll try and switch back and forth here

so you can see it. Anyway, this is where I got my first job. And when I started at Zellers, I was 16 maybe just about to turn 17 probably yeah I was in grade 12 and I'd never had a job like that before I had a bunch of paper roots and stuff and did odds and ends like roughing basketball scorekeeping stuff like that that I had an opportunity to do along the way as well but nothing really wild ever happened in my life honestly until I got that job I made a lot of friends and I think matured quite a bit too I used to work as a cashier when I first started and then

at the service desk. You can imagine what it's like doing returns, complaints, and other things for people who shop at Zellers. It's quite an interesting clientele. It's a wide variety of people. Why do I have this up? I went to Walmart today. I want to talk a bit about that.

And I figured what better way to tease it than to give a little backstory on what Joey did. As a kid, first of sponsors, EasyDNS, the best place for YouTube, buy, sell, host, transfer. Look at this. Fast and secure. domain name dns and hosting services mark's got tons of stuff on his website cheap safe secure and uh having worked with um mark on a few things now over the years i can tell you that it's very

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very excited to have him as a sponsor. Head over at 256heat.com. Pick up your minor, your home hash rate heater today. At Walmart today, I went to, my daughter needed diapers and some other stuff.

So my wife and I went, they have some good deals on cereal there. I'm a sucker for a good bowl cereal still. Every single person I saw working there was Indian. All of them. And I just want to point out that like if you look at the youth unemployment rate in southern Ontario,

between 15 and 24, second quarter Q2 or Q2, or Q2-2-2-5, almost 17% unemployment. Higher than the national average. And obviously, I don't think it takes into account the number of kids who are just not looking for work because they just don't bother or because they know it's not going to pay that much.

They can't compete with cheap foreign labor on their home territory. Heard a couple of different conversations at the store. This was the one in Waterdown, so a little bit away from our house, but not too far. Not in English. I don't know how you can look at this and other immigration related data and say that everything is fine.

I don't have the tweets as part of the show tonight because I don't think it's fair to necessarily comment on the things that other people say about immigration that I think shows they are leaning toward what used to be an extreme position, this idea that we have to just stop immigration entirely or close. Ravidoo is one, Luke Roman, another. I think most people now are seeing that the rational position has always been very, very limited immigration. And we'll talk about immigration from certain areas next. But the idea that this is an extreme position is fading very quickly, much more quickly than I think anybody imagined it would. And it's in part because of what the president's been saying about the latest Somalian scams in Minnesota, more than $1 billion since COVID funneled to Somalian terrorist groups, governments, Somalian residents, a complete nightmare and disaster. and a scam that should have been expected. Let's listen to Trump talk about Somalia.

The people from different countries that are not friendly to us and countries that have had in control of themselves. Countries like Somalia that have virtually no government, no military, no police, all they do is go around killing each other. Then they come into our country and tell us how to run our country. We don't want them. You've got to talk about. How many countries?

Is there our West? Well, I guess we gave you 19, right? That is probably more than that. Is that what you mean when you made third world countries? No, I don't think they're all third world, but in many cases they are third world. They're not good countries. They're very crime-ridden countries. They're countries that don't do a good job.

They're countries that don't register from the standpoint of success. And we frankly don't need their people coming into our country telling us what to do. telling us what to do i'm talking about like samalia where you have a congressman goes around telling everybody about our constitution and yet she supposedly came into a country by marrying her brother well and that's true she should be a congressman and we should throw the hell out of our country so that's a harsh clip um or is it uh i don't know about the marrying the brother commentary there i do know though that he is correct uh both directionally and And in terms of his instincts, as far as should we be letting a number of Somaliants in the United States, I say we, it's sort of the royal we in this case.

Obviously, I'm Canadian. We'll talk about Canada in a bit. But he is correct, obviously. Somalia, you know, one of the highest crime countries on the planet, heavily, heavily, just barely governed at all. Country sort of in name only, certainly not by function or by capability. High on the gold machine gun index for people who've been listening to this. show for a long time. Very high on that. We see here on just a simple Google search, and Google always slants these results away from the truth, unfortunately, but even Google

can't ignore this. Violent crime is widespread. Kidnapping, significant risk for foreigners and locals. Piracy. This is not stealing movies. Attacks against ships continue in the coastal waters of the Indian Ocean and the Gulf of Aden with pirate groups recently increasing their activity. Human trafficking, illegal roadblocks, financial crimes, weapons, tons of stuff. And this is sort of the bullshit part here, right? Weak governance, corruption, traditional justice, and instability contributing to these crimes. What about the Somalian community in Minnesota that just stole a billion dollars over five years? Which of these four things is prevalent in Minnesota?

Arguably none. It raises some interesting questions. Here's a list of the Minnesotans in quotes there from Lipsa TikTok charged so far. 75 people, not a single, even like adjacent to American, adjacent to Anglo-Saxon name. I don't know how, the reason I'm bringing this up is not because I'm, you know, suddenly interested in Somalian culture. I'm not. I don't care.

It's an inferior culture from an inferior country and inferior part of the world. What's interesting to me and what's important to me as a father should be important to you as a father or someone who cares about the place that they live is all. All these people came over, legally, it sounds like, and the problem with legal immigration from these places is that it's been framed as okay or a good idea or whatever. And clearly here, we have an entire community of people who not only stole, but I would argue above and beyond these 75 people probably work together to conceal the crime for as long as possible and the breadth and depth of the crime.

I think that will come out soon if I had to get. guess. Here's Senator Tim Cain. It seems like the Democrats have just, like, continued to pick the most retarded people as vice presidential candidates over the last few years. Tim Kamala after that. And then obviously Walsh recently was in the news. I didn't pull his recent tweet, but I mean, he's at heart as well, as Trump says, you know, the other day. Crazy, crazy times we're living here in the media. Let's listen to Tim. Go after a criminal to the full extent of the law. But don't say that all Afghans in the United States, those who served with our military and who lost their lives and their health and their families in many ways by doing so, don't say that they're all

bad. Don't say that people who come from third world countries are bad. Virginia, about one out of nine of us is an immigrant. And our immigrant communities in Virginia have been an enormous source of strength to our commonwealth and to our country. And it's wrong to target them all for the bad actions of an individual go after a so i have a real problem with this comment as well um immigrant communities are not all created equal if you look back at what came from the world wars you have immigrants you know italian polish uh many many different kind of european dare i say like judeo christian um countries that were already democratic or we're trying to embrace democracy that were not particularly high in violent crime we're not religious uh you know zealots

coming over to places like Canada, the United States. And oftentimes, I think Senator Kane here, knowingly or unknowingly, I suspect unknowingly because he just doesn't look that bright to me, there's a conflation in terms between someone who immigrated here and is living off the land, or living off what I should say is the work of others immediately. And people who came during World War, you know, one and two, for example, with barely the promise of a better life, just the promise of a better opportunity. There was no, uh, free handouts for Italian, Polish,

you know, Ukrainian, whatever, uh, immigrants during the 50s and 60s, 70s. And like, they weren't giving away money to people by the thousands, certainly not putting them up in hotels and giving them PS5s and things like this. Equating current immigration and current immigrants with past immigrants is insulting to me, I think, uh, should be insulting to you too, if you're part of that crowd. I would even say people who came here in the 90s and 2000s should be insulted by that. And I know many of them are. I hear from a lot of you guys, many different colors, races, ethnicities, religions, countries of origin. You're sick of it. I've talked to many of you guys through the show and obviously in private as well, through my personal life and some of the stuff

I do outside of the podcast. I hear this all the time. This has to stop, this idea that, you know, there needs to be immigration from places where people are more likely to kill each other than they are to start a business. It has to stop or more likely to steal from the new home nation than they are to start a business or to graduate from high school. It has to stop. We've seen the data. Again, I didn't pull this up, but you can go look at yourself. Several European countries now posting data, again, because the Overton window has shifted so much in the last like eight weeks. European countries are posting data about whether or not second generation immigrants are even net economic benefit. Shocker, surprise, spoiler alert,

they're not. It's not even close, actually. It's not even close. You have, you know, decades and decades of quote-unquote the best and brightest doctors and engineers, pick your meme, coming over to Europe, Canada, the United States, and just destroying the culture. And all while you're paying for it. The taxpayers are paying for it. The incumbents are paying for it. It's ridiculous. It has to stop. Somalia is in the sort of crosshairs for me because of what's going on. And I have a very strong opinion about Islam and its threat to Western civilization. I have a daughter. It's not compatible with women's rights. It's not compatible with LGBT rights. It's not compatible with like, you know, the idea of Christian values or living a certain way. And by the way,

I'm not afraid to say that that's a superior way of living, not because I think, you know, quote unquote, my God is better than your God. I don't care about that. The civilizational curves of those two sets of values tells the story. It's not a debate. You can pretend it's a debate, but it says more about you than it does about me. 99% of Somalians in Somalia are Muslim, Sunni Muslim. The total Muslim population is 19 million. I mean, you can't, if you're willing to live in a place that's 100% Muslim,

the likelihood that you leave and convert to a different way of life is basically zero. It's not absolutely zero, but it is basically zero. I'll also point out that we've had several waves of globalization and immigration, what I'll call immigration pull for a number of different reasons. I already mentioned the two great wars in the 1900s. There's been others as well. As technology improved, we saw, I think, really high IQ, good people come for some of these countries who truly wanted to get out and try something different and change the life that they were leading,

which included abandoning this oppressive religious ideology, idealism. I think most of those people are already out of those countries. The people coming now, in my view, and according to the data as well, are net drains on society financially and also fracturous culturally

just by being here. There's many examples of this. I remember in 2016 talking about no-go zones with some of my friends. And they'd never heard of it. They never thought of it. It had never occurred to them.

And then my wife and I went to London in 2017, I think, 2017 or 2018. And there was places that we were told not to visit. Couldn't go out in certain places, you know. And the reason was always just because the people there are not going to be friendly toward tourists, right? You can make it that what you will. I'm making the inference there. And obviously now we see in places like Minnesota.

in the United States, Dearborn, Michigan as well, where people are calling for the death of the infantata. I don't even know what that means, but it's some stupid religious thing that these people say. There is no fix for this domestically. You have to address this a different way. And it seems to me like what's becoming popular is remigration. I don't know what that would cost in terms of, I mean, dollars and cents for sure would be an incredible burden, but manpower. Does the United States have the cultural capacity for a program like that? it might. If any country does, it's them. But it's just like, how did we get here? And the answer is we got here because we pretended, you know, like all people all over the world and all cultures

were all the same. Raises two questions, obviously. You don't have to be a genius to think of these questions. The first is if all these people are doing culturally similar things or equally valuable things, why is it that these other cultures are, you know, complete disasters where there's nothing but crime, rape, kidnapping, and corruption, while others are building the Sistine Chapel. That's question number one. Question number two is if all these cultures are equally valuable, then why do we need diversity? These are important questions that weren't being asked five years ago that suddenly everybody is asking. And they're not asking them because they want to, or they're not asking them because they've gone through a period of deep introspection. People in Michigan

are asking them because there's people in the streets calling for their death. Minnesotans are asking them because they've sold, they've had a billion dollars stolen from their coffers. There needs to be introspection from these people and these groups at some point. I don't know what's going to trigger it, but I feel like we're getting closer. In Canada, in Europe, they've imported tons of Muslims over the last little while. Like an unbelievable number almost. It's, it's just like, it is, it is almost a crime. what's been asked of Europeans over the last little while,

almost a crime. This is an important number here. In 2023, immigrants from Muslim majority countries accounted for 13% of total U.S. legal immigration, 150,000 people. The foreign-born Muslim population represents 1.1 of the total U.S. population. I have made this challenge offline before. I think I might have said it on CBP, but I'll say it now. I challenge you to find a country that.

is like more than 12 or 13% Muslim that you would live in or raise kids in. There isn't one. And so if you factor, if you take this 1.1% and you look at the declining birth rate among Native Americans, that includes European immigrants. It includes Indian immigrants from years ago and, you know, even immigrants from Muslim countries years ago. The birth rates for those groups are falling precipitously and they are being outproduced and, you know, also just being outgunned by the,

number of people coming over and chain migration and dependent migration and all these different things in Canada you know again AI will do whatever it can to tell you that this is like not not what's going on but here we are in Canada a distinct pattern with accelerating Muslim immigration over successive decades between 20 2001 and 2011 it was about 19% being Muslim and now it's about 63% of the total Muslim population where immigrants those are those are huge numbers and again i feel like we have to say this now because i have a family here i don't want to leave i know len and i talk about this on the show i'm not interested in leaving because we refuse to accept that some people come here and just don't

have what it takes to live in a western society i those again harsh words but i challenge you to point to statistics or data that shows me that I'm incorrect in that assessment, because I don't see any, anywhere. Germany, you know, sort of a fun experiment in this. Obviously, we talked about it. And it's been really one of the biggest factors in allowing for immigration from these places to go on basically unfettered for decades at this point. We need to bring in third world migrants to pump up GDP, raise the tax receipts, and help pay for the social safety net. in Germany, they're telling Germans, high income, high productivity Germans, you have to work longer because you have to pay for the migrants. Maybe not in those exact words, but you can do the math yourself.

It's a mess. This is a mess everywhere. And CTV and CBC and CNN and NBC can only frame these opinions as far right for so long. I'm not an unreasonable person. I'm not a racist. I'm not a xenophobe, not any of those things. I look at the data, I look at my own community, I look at the community from which I moved a few years ago, I look at communities like Toronto, Vancouver, some of the large metropolitan areas here in Canada and the United States, I watch the videos online, I see the patterns. And until someone shows me a pattern to the contrary, I'm unwilling to change this position. I think everyone else should be too.

This is the audio-only version of another clip. I couldn't find it before. Stephen Miller, Trump aide, Trump cabinet guide, the Democrat Party is organized around one essential command. No limit on, of any kind can be placed on the entry of third world migrants. The failed states of the world must be allowed to empty themselves out into America and you must pay for their every need forever. I think there is like a racist undertone to some of the comments here, yeah, like white replacement. The thing is that even if you don't, even if you don't think that white replacement is the

goal, it is going to be the outcome regardless. And people are naturally upset about that. I don't know that it's going to continue at a pace that needs to be, that needs to concern anybody. It seems to be like this is changing quite a bit. But I just want to point out Miller's comment because on the economics side, you know, we're seeing all over the world now and shout to Larry Lepard for mentioning this on the Bitcoin side as well. The big print is coming. There is no way to pay for the programs that the government must pay for to prevent riots.

And what they've done by bringing in third world migrants is add another fault line, add another danger, add another issue, add another welfare requirement. You know, you pick your phrase there. But the idea that this is going to work forever is obviously not true. So if there's a natural stopping point for this anyway, a natural limit, then we need to either know what it is or we need to stop now before we reach it. And I think either of those positions are, are reasonable. The latter is the one that I think we should take for now. Let's talk about the Canada-Alberta MOU. So there's going to be a pipeline, maybe. We want to do a pipeline to the coast on the west, the west coast of the country. You know, this is an interesting kind of political game of chess here. You know, there's comments in here and requirements in here that they have to find a private sector financier, the indigenous people. have to be consulted, a number of other different things. You can look this up yourself.

This is on the PM website. I find this fascinating because I actually don't think the pipeline gets built. And I'll tell you why. Here's what I see. I see Carney and Smith, who I think, who I don't think see eye to ion energy, number one, on energy sourcing. number two, I see two people who are at odds in terms of their political incentives and I see Eby as more easily aligned with Carney than he is with Daniel Smith. Here's how I think this is going to look.

Carney gets to say to Albertans, look, I signed the MOU. I signed off on this. I've done my part. Ottawa has cooperated with Alberta. We made some significant concessions here. We're still talking about 2050 emissions targets. We're still talking about indigenous rights, but I signed off on it. If you guys can figure that out, the federal government will back you 100%.

Great. Now he gets Albert off his back. And he also gets the oil and gas people off his back. So that includes Ontario Conservatives probably and a few other groups that are keen on this particular portfolio. For Eby, for Smith, I should say, start with Danielle. for Premier Smith, she scores points with her more reasonable base, the mid-curve base of her supporting, of her constituents. They want to see a cooperative Alberta work with a Ottawa that is operating,

or at least appears to be operating in good faith. I think that's happening here. And it takes real steam out of the separatist movement, I think. because now you have a government that's cooperating on your biggest issue. What other issue do you have that requires you to separate from the country? If your resources are unlocked, then that's really a significant move to halt that separatist impulse. So that's interesting. Now, EB comes into play.

I think Eby's going to be the guy who stops this. And I'll tell you why I think he's going to be the guy who stops it. Number one is he actually, I mean, he's NDP. So he has a benefit, he would benefit greatly, I think, from being able to say to his constituents, I don't care what Ottawa says. I don't care what Daniel Smith says. We are for the people. We're protecting the indigenous rights.

We're protecting the coastline. We're protecting nature. We're sticking to our climate goals. We're protecting, quote, unquote, real projects. Are these real projects in the room with us right now? David E. Please let me know. So you can write it down.

This is a big. win for him to be able to say, I refuse to do this. And I want Ottawa to fund and support and encourage real projects in British Columbia that make more sense for our people, more sense for our industry, more sense for our indigenous populations, all this stuff. It's a win, win, win all the way through and nothing has to happen. Nothing has to happen. very rarely do you see this but the prime minister you know to his credit i was talking about this with mark a little bit he's he's running what's basically a center right platform i cannot really argue with the the themes of his platform so far the spending you know bitcoiners get upset about

that or maybe not upset they get hyped up i guess maybe about more deficit more debt because it might be good for our bags but i think that would have come regardless of who is prime minister you know i I do think there is no stopping this train, as Lynn says. And as far as the social programs and stuff, I see a much less focus on in vogue social issues than I do on economic issues in the country. I applaud it. I'm cautiously optimistic. I've been cautiously optimistic.

But at the end of the day, I think that the currency is really where the problem is and the deficit's really where the problem is. This is the case everywhere. And so whether Mark Carney is a PM, Daniel Smith, is a business. PM, David Eby's the PM, Pierre's, it doesn't matter. It doesn't matter. It's just going to be, it's going to be like this. And it's going to get worse and worse. Let's talk about the Coinbase, I love this, the Coinbase UBI platform pilot begins in New York, $12,000 in USDC given to 160 people in New York. So I don't know how that's going to work. But payments started

in September, $800 monthly plus $8,000 lump sum in November, and the program ends in February. The funds come from Coinbase's donation to a nonprofit after it shut down. It's Philanthropy Unit two years ago. So there you go. Some New Yorker is going to be experiencing life on the high road, living in the lap of luxury on $800 in month plus an $8,000 stipend, I guess you'd call it. I continue to believe, again, in keeping with, as I try and rip the, the paces from my mouth here. In keeping with unpopular commentary tonight, I think that the

problem with the people who get UBI is not the UBI itself. If you gave me $800 a month, I'd find something productive to do with it. I'd buy new equipment. I'd spend more on the podcast. We'd increase production value somehow. But if you give a guy who sits on the couch all day, $800, you're going to get $800 of value that that guy thinks is valuable. And I don't think that that's the answer for this. We talked about Snap on this show, the sip and rip, but also we've talked about it for a number of months now since that payment system was halted or at least slowed down for a bit, the problem isn't necessarily the money. It's that the people who get the money don't know how to spend it.

They don't know how to feed themselves in a healthy way. They don't know how to go to the gym. They don't know how to help their kids. They don't know how to do fuck all. They don't know how to do fuck all is the fact of the matter. And so you have to stop giving people who are dumb and lazy money. You have to give them work and education. And unfortunately, as is the same in the drug and abuse silo,

addiction silo, pretty soon it shouldn't be their choice. Shouldn't be their choice. They should either be going to school. You can't have needs, not an education, what is it, education employment or training. Can't have that in a modern society. You need to have people working, producing, contributing, and maybe most importantly, finding a sense of purpose for themselves

to avoid living in the slip, as my brother-in-law likes to say. this is a sort of gimmicky, you know, crypto is cool, but it's not going to work because the people involved don't have what it takes. This is, I wasn't going to talk about this, but I thought I may as well add it. MSTR is down 9% after MSCI considers index removal. Let me check. Let me get a good look here at the price of Bitcoin. Going to be down more than 8% tomorrow too. I'm not sure MSCI has a lot to do with that.

MSCI is saying they're going to remove it from their index because they have too much Bitcoin. This is not a story I particularly care about, but it links in with this tether and gold story. So tether's buying tons of gold for their reserves at the same time that the S&P downgraded the tether stable coin and the peg to weak because of the high percentage of Bitcoin in its reserves. So, I mean, you look at all this stuff together. Tether, MSCI and MSTR. you know, is tether the company with its finger in the wind? It might be. It might be. It's easy for me to say that tether's done some things I don't like, some things I like over the years.

They're kind of a mixed bag in my opinion. But the thing that I think is probably true is that they now have a sort of porous rapper to domiciled in the United States through this 21 thing. They have a lot of people who are ready to contribute to U.S. government initiatives, if need be, and I think the government will be taking them up on that. And I think that they want to be viewed as stable. And part of the way they're going to do that is to not necessarily sell their Bitcoin like Jason Kalkanis says. Like I was a total idiot. But I think they will decrease the share of their reserves that are held in Bitcoin by buying gold. They bought more than central banks in Q3. So make it this what you will. I'm kind of looking at the page again here. Yeah, they did buy more than any central bank during Q3, any official reporting of a central bank anyways.

So something to keep an eye on. That's it for tonight. No sipping, just ripping, 33 minutes and change. I will see you guys tomorrow for the flagship. 7 o'clock, same time, same place. Check you later.