The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - What's REALLY Going On with SNAP Benefits Abuse in America | Sip and Rip 002

Episode Date: November 2, 2025

FRIENDS AND ENEMIESIn this week's Sip and Rip:- SNAP Benefits for Fats- Immigrants on Government Support- Bill Gates About Face on Climate Change- Germany Destroys ItselfSponsors: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.

Welcome back, everybody, to sip and rip. It's Saturday today. About noon, I have a wedding to go to today in a bit. So I'm going to be tired in the morning. So I thought, why not record the sip and rip on Saturday? We're going to talk about a couple of things today. South of the border focus, obviously. We have the budget coming in Canada next week. So next week, sip and rip will probably cover a lot of that, even though we will talk about it on the show as well. there's going to be a lot but um let's start man the food stamps thing in the states the uh snap benefits i think they're called this is this graphic is crazy all right we've talked a lot on the show about immigration over the years but to see a graphic like this this is for people on

audio food stamp use by ethnicity 45.6% afghan 42.4% Somali 344.8% Iraqi and 23.3% Haitian. And the headline is immigrants have become very dependent on SNAP. I would argue that this is the case everywhere in the modern world. We're seeing this reported in data in places like Europe already, where you find out that after 10 years, immigrants just aren't working. They're having tons of kids who are all reliant on the government, their wards of the state basically, except when it comes to culture.

They keep the barbaric culture from which they came, but take the money from the state from which they are now. calling home it's a disaster um you know i would love to see the the the school scores standard i testing scores among this population too i'd love to see the obesity numbers i'd love to see any any number of statistics related to these people um and cat's heard obviously with the quote here you work 80 hours a week for this it is insane um Canada obviously in a similar boat though we don't call it snap the number of dollars immigrants get is unfathomable and honestly perverse and embarrassing let's listen to um one of my favorites adam carola talk about snap recipients here

i was reading that snap's going to run out you know 40 million people are going to go uh 40 million 40 million okay listen to me everybody this whole thing of like 40 million people are going to go hungry. First off, those 40 million people average an extra 40 pounds on them over the average working American. If you took the average person that's on SNAP getting free food and the average person that gets no free food from the government, the average female who gets no free food for the government is 146 pounds. The average SNAP recipient is 211 pounds. So is it a I know. First off, we talk about going hungry, hungry. Nobody could benefit from a nice fast more than the SNAP for recipients. It's spot on. You know, this is to me so telling.

You know, you're told all the time that SNAP is this thing that people need to survive and they need it because they can't afford food or whatever. That's bullshit. Everyone's seen the videos, of the stuff that's snap eligible, Uber Eats and DoorDash, lobster tails on Amazon grocery. I am of the opinion. This is one of my harsher opinions, honestly. I'm of the opinion that people who are on any kind of government support should not be given money but should be sent like chicken, rice and broccoli. They should be drug tested. They should be alcohol tested. Like you're not living the high life on the back of the taxpayer. You're surviving until you can find a way to flourish. And if that makes me, I don't know, racist, bigoted, whatever, then so be it. I think it's

obvious that there's problems with all this stuff. And the obvious problem, of course, is that all these people who are taking SNAP benefits are either taking full advantage of it or just getting fat and not interested, not having, they don't have any interest in bettering their situation. This one from Governor Tim Walls, my favorite. Every one dollar invested in SNAP generates $1.80 in economic activity. It's not about the money. Trump just wants Americans to go hungry. What a retard. This guy thinks that if we just give a dollar to snap, it generates a dollar 80 in economic activity. Obviously not true. And Geiger, you know, pointing this out. What if we just invest $10 trillion in Snap? Well, you know, to his point, this guy was almost the vice president.

I'll remind you that Governor Walts got on stage and admitted he had no assets, no equities, no real estate investment, none of that, and wore it like a badge of honor among the left. I suppose it is to be poor and retarded. Seems to be something that the left values. Just ask New Yorkers. And then, of course, he also said that investing in Tesla was a bad idea. I won't bring up the stock chart. You can have a look and see how it's performed. Since then, Tim Walls will leave no mark in history while Elon will be regarded as one of the probably great people of the first 2,000 or so years of this planet. So there you go.

Get another idiot. Let's move on to our buddy Bill. Bill, Bill, Bill, Bill Gates thinks climate change is a serious problem, but says it's time to focus on fighting poverty and preventing disease. This is an incredible about face. We spent years, decades at this point, talking about global warming as the key issue. Climate change is the key issue of our time. We've had people from Obama to AOC to some on the right, regardless of country, talk about just how important it is to basically destroy your economy, destroy your way of life to prevent climate change.

And now Bill, obviously, has changed his tune on that quite a bit and some comments made before the recent, I think the cop conference maybe. I should call it the Cope conference, honestly. But anyhow, a doomsday outlook. has led the climate community to focus too much on near-term goals to reduce emissions of CO2 and other greenhouse gases that cause warming. Diverting resources away from the most effective things that can be done to improve life in a warming world, Gates said. In a memo released Tuesday, Gates also said the world's primary goal should instead be to prevent

suffering, particularly for those in the toughest conditions in the world's poorest countries. I don't have the minutes or the note that he wrote, but in the note, he basically says, yeah, is it true that global warming will kill a number of people? yes, but what if we assume that that same number of people benefit greatly from technological advancement that comes from, you know, what he doesn't say is fossils and renewable energy and nuclear? But, you know, he means that. And so I think it's no coincidence that as we move into this era of nuclear energy, the green climate stuff is going to fall by the wayside. Not because people don't believe in it. I think there's still a lot of a lot of hopefuls out there.

But I think the big thing is that you can't run huge data centers, which are obviously going to become a need on, you know, wind turbines. It doesn't work. You're going to need nuclear. And many people, excuse me, in the nuclear space, have been saying this for a long time. Bitcoin has obviously been saying this for a long time. And, of course, Microsoft, Amazon, and others are buying nuclear facilities to power their data centers. They're not waiting for government approval. So you can go read this 17 pages.

is pretty funny that Bill of all people has abandoned this. There's a lot of people who have made this their personality, including Germany. Here's a tweet from Dario Cox, CPX, obviously not COX. Wonder why Germany is heading towards a crisis similar to Greece 13 years ago because real government debt is 130% of GDP, not 65. During the weekend, a friend of mine claimed how German debt is still low and the country has room to absorb 900 billion of spending that will mostly be channeled to the military. it couldn't explain why he sees signs of financial strains all around Germany.

The answer is that you're not aware that Germany has more than one trillion euro in debt at state and federal agencies with government guarantees not being included in the official public debt calculation. This is the case in Canada, too. We've heard different ministers over the last 10 years especially talk about how our debt to GDPs among some of the best in the world. We don't factor in the entitlement spending that we have to do. So provincially, you're talking about health care and pensions,

municipalities, pensions as well. And then, of course, federally pensions and other entitlement spending. We don't count those as as balance sheet, credits, credit. So I'm out of brain fart here. But the idea behind all this is that debt to GDP is a flawed metric, even in the best of times, because there's ways to spin what debt. is and one of the ways this is done is as the sweet mentions it doesn't add municipal provincial

and federal pension liabilities for example these are these are huge numbers and this might be the only thing that matters you know we've often talked on the show and we're not the only ones about the way that we're going to know that the state is having an issue maintaining legitimacy and power and one of the big ones obviously is the social safety net is going to start to fail I believe it already has. I think that retirement, unfortunately, unless you're a Bitcoiner, retirement is going to be a one, maybe one and a half generation phenomenon. The boomers and the Gen Xers might get it.

But broadly, I think a lot of people my age and younger are going to work until they die or be on some kind of UBI, you know, golden brick road to surf them. Interesting stuff here anyway that Germany is starting to think about these things. Then, of course, Germany, Europe's growing tumor from Michael Nicoletos and Nicolettos on Twitter, there's a lot of good data here. I'm not going to read all of it, but I'll try and summarize it. The euro obviously having trouble because Germany is not producing. Germany made Europe entirely dependent on one supplier, Russian oil and gas.

Obviously, that's not going well. In the name of global warming, which I mentioned earlier, is not going to carry forward by the looks of things. In the name of global warming, which then changed to climate change. Germany backed CO2 emission credits, destroyed European heavy industry. Germany enforced brutal austerity on Greece. causing a depression worse than the Great Depression. And now Germany demands a huge spending plan to address its own economic woes. You know, the Greece thing was like 10 years ago.

It wasn't that long. And now you have Germany basically saying the same thing. Unelected Brussels politicians run Europe with their own agendas. There's no such thing as the Eurozone. It's a failure. We've talked about this a bunch on the program. If you listen to CBP, you know that I have strong feelings about the Eurozone. I think it's a complete failure from a democracy standpoint, a culture standpoint.

and of course an economic standpoint, all of which I think are basically fracturing at the same time here in a very public way. It's embarrassing. The European Union should be embarrassed by the way that it's carried itself over the last decade or so. And I think for people who still think the Eurozone has a backbone or can last into the future, I would ask why. Why do you think that? Again, your industrial base is completely hollowed out. You have no military. Donald Trump is dictating terms to you on trade, even though you're, quote, unquote, the most important economic union in the world. It turns out you're just a completely flaccid, spineless joke. And everyone is seeing this now, including it seems to me, Europeans for the first time,

virtue signaling no longer something that they can worry about. So maybe if they want to leave, they can expect to see a wealth tax, the UK starting to entertain what they're calling a settling up charge when they leave, which is hilarious in the story here. I have it archived. I'll put this in the notes. It's an exit tax. We, you know, we've discussed this on CBP over the years, and we're not the only ones who've talked about an exit tax. The fourth turning requires that governments try to stop capital from leaving their jurisdiction, because if you don't, inevitably and invariably, the increasing dystopia and and increasing levels of dystopia and, the overt just, you know, theft through taxes of the most productive people to support,

as we mentioned earlier, food stamp recipients and other bullshit like this, people will just leave. And, you know, the idea is that you have to discourage people from leaving by taking everything they've earned on the way out. It's completely ridiculous, but it's going to become the norm. The idea that a country, it's funny, the idea behind this, like, if you ask a proponent of the tax or the settling tax or whatever they want to. to call it in all these uh communist nightmares excuse me if you if you ask somebody what the what the

idea behind this is it's that the jurisdiction from which this person is fleeing enabled the business success of that person and so they should have to pay on the way out to you know thank i guess the country in a way the thing is that this is no longer true many of the biggest success stories in europe and canada the UK here obviously the biggest success stories are actually now developing in spite of the best efforts of those nations to slow them down. Anywhere where you see a left-leaning government, it's socialist policy, it's communist leanings, it's tax the rich, it's eat the rich in some places. You know, they can always pay 2%, 3%, 4% more.

Again, so that obese minorities and immigrants can be 50 pounds heavier than their working counterparts. I can't express my distaste and disgust for this with words that are suited for sharing on the internet. But you can imagine how I feel about this. This is going to be a disaster. And this is why Bitcoin's important, by the way. It's easy to take some money out of people's bank accounts or based on their tax returns. If you're a Bitcoin holder and not a seller, you don't have any tax claims or capital gains to pay, capital losses to claim, whatever. Those 12 words are be very important to you when you try and leave the UK, Canada, any number of other places. I wouldn't expect to see Canada try something similar, by the way.

So just keep that in mind as we head into the end of a budget-free life here in the Great White North. Anyway, don't forget to check out the sponsors, Easy DNS, 56 Heat, and Bull Bitcoin, the best places to do all the things that those guys do. And until next time, friends, take care yourselves. Thank you.