"Who is that?" Cam scoffed referring to Tru Life. "I don't know who that is."
"I ain't never had a problem with Bleek. I don't know why Bleek is in this," he continued. "I got a problem with Jay-Z still, you know why? Because why are you calling a dude younger than you OG and you older than him. He's older than Juan."
Juan Perez, who Jay-Z refers to as "OG Juan," formed New York City based Baseline Studios, in which various Roc-A-Fella artists, including Hov, have recorded. He is also a co-owner of the 40/40 club franchise.
"Why is he calling him OG? You don't call somebody younger than you OG," Cam sneered. "You don't know him. Juan, keep that gaffle up, I'm proud of you boy. You smart, he's from Harlem, he real smart and I know what he's doing."
"Juan is smart. He owns 40/40. He pimped Jay-Z's whole budget in Baseline," explained Cam. "He said 'you know what you getting kinda old Jay, let's open a club' and pimped him for 40/40. Then he said 'I need a label Jay, why don't you give me Roc La Familia.' No problem. Then he says 'Jay, my artist [Tru Life] ain't popping, get on this mixtape. That mixtape got more play than Jay-Z's album."
"Juan, you the official OG from Harlem. You know when you got a mule," mocked Cam. "Keep him. Keep the mule. My fault, a camel, I didn't mean a mule".
When queried about his beef with 50 Cent which was sparked after the two argued on Angie Martinez's Hot 97 radio show earlier this month, the Harlem bred rapper claimed that he was defending the Diplomats credibility after hearing the G-Unit boss say "he could shut down Koch Records."
"I had never spoken to 50 before in my life. That was the first time ever talking to him,' Cam explained. "The last year or two, when 50 mentions Koch Records he calls it a 'graveyard' or he says 'if you go to Koch you wack'. We are the only popping artists on Koch. So on that day when he was talking about Koch, I felt if you are saying Koch is a graveyard, say 'Koch is graveyard except for the Diplomats', you know what I'm saying, you are leaving too much for speculation."
Cam also revealed that while reporting to his probation officer after his beef with 50 became official, representatives from the New York Police Intelligence Division who were at his PO's office told him they will be keeping an eye on the rivalry.
"The NYPD has a budget to watch Dipset and G-Unit for the next few months," Cam stated
The Dipset honcho also disclosed that his current record contracts will be ending.
"My deals are up next month. I like this part of the year, it's over at Koch, its one more at Asylum. Juelz is at Def Jam for four more albums, so I'll be getting money with camel face and them for a minute," Cam revealed. "Shout out to L.A. Reid, that's the real CEO."
"And another thing, Jay-Z is not the biggest selling artist on Roc-A-Fella," he continued. "Kanye is the number one selling artists on Roc-A-Fella. He sold 800,000 on the first week and dropped 80%. I heard him on a freestyle saying he sold 700,000 in one week; it's a brick if you drop 80%. Kanye sells more records than you and he supports all the feminists, no disrespect to him, but he's the No. 1 artist on Roc-A-Fella."
"The Diplomats album will drop at the end of the year, that's my last one on Koch," Cam'ron added. "We will be searching for a new label for The Diplomat brand with the exception of Juelz, unless we take it to Def Jam, which could be a possibility. It will make things smoother with L.A. Reid."
"I like Def Jam a lot, I really do," Cam said laughing. "I really like it over there, I really like Def Jam, now that the check is cut over there, they don't BS."
The interview wrapped up with Cam'ron premiering his latest single "Child of The Ghetto" while taking shots at Nas.
"The song is like before Nas was wack," said Cam describing the single. "It's like 'Represent,' you know before he got coochie whipped and all that. Why would you have a jump-off baby mother and then go to another celebrity who looks like she could be jumping off with whoever. I would keep my wifeys on the low after that. People wouldn't know who my wifey is after my baby moms wrote books and all that."
"No disrespect to him, I'm really past the Nas thing," he added. "Congratulations to whatever he is doing but I like Illmatic and all that. I don't like the tuxedo and pianos that I seen in his new video. He got old school ruffle jackets on with a vest and a piano. Go to Queens bridge if you wanna shoot your video, why are using a green screen? Why you got a green screen of Queensbridge? Go the middle of the projects and shoot a video."