1 00:00:00,480 --> 00:00:07,160 Speaker 1: You're listening to kfi AM six forty on demand. 2 00:00:08,560 --> 00:00:12,960 Speaker 2: I'm Chris merrilf I AM six forty more stimulating talk. 3 00:00:13,000 --> 00:00:14,280 Speaker 3: A couple of things I wanted to open with. 4 00:00:14,560 --> 00:00:16,599 Speaker 2: First of all, thanks to everybody that made donations and 5 00:00:16,640 --> 00:00:19,239 Speaker 2: listened in on the pastathon and closing in on a 6 00:00:19,239 --> 00:00:23,799 Speaker 2: million dollars is incredible. It is incredible with with many 7 00:00:23,800 --> 00:00:27,800 Speaker 2: people expressing jitters about the economy and still opening up 8 00:00:27,800 --> 00:00:30,960 Speaker 2: here and a giving Tuesday just amazing. So thank you 9 00:00:31,000 --> 00:00:33,800 Speaker 2: to everyone, and don't forget we're we're not even done yet. 10 00:00:33,840 --> 00:00:36,640 Speaker 2: Go to KFI AM six forty dot com slash Pastathon 11 00:00:37,320 --> 00:00:39,159 Speaker 2: and remember one hundred percent of your donation goes to 12 00:00:39,240 --> 00:00:41,040 Speaker 2: Katerinas Club being still going to any of the smart 13 00:00:41,040 --> 00:00:42,839 Speaker 2: and finals, donate any amount of the checkout go to 14 00:00:42,880 --> 00:00:47,599 Speaker 2: the Wendy's restaurants in southern California. Donate five dollars more. 15 00:00:47,640 --> 00:00:49,320 Speaker 2: You get a coupon book. And then of course we've 16 00:00:49,320 --> 00:00:52,639 Speaker 2: got the auction items. And I just saw I saw 17 00:00:52,680 --> 00:00:54,480 Speaker 2: an addendum of the auction item list. Did you guys 18 00:00:54,520 --> 00:00:58,080 Speaker 2: see the addendum here? It goes on to say this, 19 00:00:58,360 --> 00:01:01,120 Speaker 2: I thought this was really unique. One of the auction 20 00:01:01,240 --> 00:01:04,560 Speaker 2: items is a private backyard barbecue with Bill and Lindsay 21 00:01:04,560 --> 00:01:06,520 Speaker 2: handle and Neil Sevader is going to be there too, 22 00:01:06,520 --> 00:01:08,840 Speaker 2: to make sure that you know Bill doesn't stab you. 23 00:01:09,480 --> 00:01:09,600 Speaker 4: Uh. 24 00:01:10,360 --> 00:01:15,080 Speaker 2: However, they added other descriptions like, no, really, it will 25 00:01:15,080 --> 00:01:20,000 Speaker 2: be fun. You'll get and I'm not joking, you'll get 26 00:01:20,040 --> 00:01:23,440 Speaker 2: a non eventful ride and handles home, elevator, a tour 27 00:01:23,480 --> 00:01:26,319 Speaker 2: of Bill's one room, a broadcast studio at a photo 28 00:01:26,360 --> 00:01:29,280 Speaker 2: op in Bill's I'm depressed, so I eat here chair. 29 00:01:30,840 --> 00:01:35,200 Speaker 3: That sounds like a good time. An elevator, Yeah, I 30 00:01:35,200 --> 00:01:36,920 Speaker 3: guess he's got an elevators. I don't know. It doesn't 31 00:01:36,959 --> 00:01:37,520 Speaker 3: let me come over. 32 00:01:38,120 --> 00:01:39,480 Speaker 2: And then it says if the stars in the line, 33 00:01:39,480 --> 00:01:40,920 Speaker 2: you get a belly rub from Neil. 34 00:01:41,120 --> 00:01:41,959 Speaker 3: So that's pretty great. 35 00:01:42,000 --> 00:01:44,840 Speaker 4: Okay, that's a negatory on the belly rub, but the 36 00:01:44,880 --> 00:01:45,679 Speaker 4: rest sounds fun. 37 00:01:46,120 --> 00:01:46,240 Speaker 5: Uh. 38 00:01:46,959 --> 00:01:50,240 Speaker 2: You get a year's supply of Zelman's Minty Mouth. And 39 00:01:50,360 --> 00:01:53,000 Speaker 2: this is actually really nice. A twelve piece professional knife 40 00:01:53,000 --> 00:01:55,880 Speaker 2: set that they say is a value to two thousand dollars. 41 00:01:55,960 --> 00:01:57,880 Speaker 2: God what I would give for a two thousand dollars 42 00:01:57,920 --> 00:01:58,440 Speaker 2: knife set. 43 00:01:58,960 --> 00:02:01,160 Speaker 3: Baby. So anyway, that's up there. 44 00:02:01,520 --> 00:02:04,120 Speaker 2: So if you wanted to pay to take a non 45 00:02:04,120 --> 00:02:07,920 Speaker 2: eventful ride in a random radio guys home elevator. 46 00:02:08,720 --> 00:02:12,160 Speaker 3: This is for you there. It is very good. Uh. 47 00:02:12,360 --> 00:02:15,760 Speaker 2: Foush was at the event tonight. Yeah, God, that was great. 48 00:02:16,680 --> 00:02:18,639 Speaker 2: That was really nice that that Fush was able to 49 00:02:18,680 --> 00:02:21,079 Speaker 2: show up and looking forward at Fush is gonna be 50 00:02:21,120 --> 00:02:21,760 Speaker 2: back next week. 51 00:02:21,919 --> 00:02:24,239 Speaker 3: I saw the video of it. He looks amazing. 52 00:02:25,520 --> 00:02:27,920 Speaker 2: And you know, you heard Conway talking about how a 53 00:02:27,919 --> 00:02:29,880 Speaker 2: lot of people thought, you know, that was a fatality, 54 00:02:29,919 --> 00:02:34,080 Speaker 2: the car accident that that he was in, and and 55 00:02:34,160 --> 00:02:36,160 Speaker 2: for him to be there and then sort of showing 56 00:02:36,200 --> 00:02:38,920 Speaker 2: off how he's you know, his physical therapy is giving 57 00:02:39,000 --> 00:02:41,560 Speaker 2: him his strength and his in his dominant armback is 58 00:02:41,600 --> 00:02:42,320 Speaker 2: just incredible. 59 00:02:42,480 --> 00:02:44,560 Speaker 3: I was talking to Ali though, and I thought it 60 00:02:44,560 --> 00:02:45,280 Speaker 3: was a little odd. 61 00:02:45,520 --> 00:02:49,200 Speaker 2: So Ali's been working as a as a tech director 62 00:02:49,480 --> 00:02:51,080 Speaker 2: while Fush is out. Of course, there's been a number 63 00:02:51,080 --> 00:02:52,639 Speaker 2: of people that have that have stepped up and done 64 00:02:52,680 --> 00:02:53,160 Speaker 2: a great job. 65 00:02:53,160 --> 00:02:55,919 Speaker 3: But Ali, Ali, you never worked with Fush, right, No? Never? 66 00:02:56,000 --> 00:02:56,919 Speaker 5: I can't wait to meet yeh. 67 00:02:57,360 --> 00:02:57,720 Speaker 3: Yeah. 68 00:02:57,840 --> 00:02:59,160 Speaker 2: Yeah, that's nice for me to say on the air, 69 00:02:59,160 --> 00:03:00,880 Speaker 2: because off the air he was like, I'm really mad 70 00:03:00,880 --> 00:03:02,720 Speaker 2: that Fush is coming back is going to cut my hours. 71 00:03:02,720 --> 00:03:05,320 Speaker 3: I thought that was rude. Hey, you thought that was wrong. 72 00:03:05,320 --> 00:03:07,520 Speaker 3: I don't think you should have been saying that. 73 00:03:07,600 --> 00:03:14,120 Speaker 2: It was in private, Chris, Nah, everybody's excited about the 74 00:03:14,160 --> 00:03:17,079 Speaker 2: fush coming back. It's just a he's a quirky good dude. 75 00:03:17,680 --> 00:03:21,080 Speaker 2: Is that fair to say? Yes, right, quirky good dude. 76 00:03:21,120 --> 00:03:23,799 Speaker 4: He is a lovable odd ball and he's part of 77 00:03:23,840 --> 00:03:25,720 Speaker 4: the family here, and it was really kind of an 78 00:03:25,720 --> 00:03:26,480 Speaker 4: emotional moment. 79 00:03:26,880 --> 00:03:27,320 Speaker 3: Yeah. 80 00:03:27,440 --> 00:03:30,280 Speaker 2: Yeah, he's a lovable odd ball and that's always liked. 81 00:03:30,160 --> 00:03:31,880 Speaker 6: My outfits and that's all I need. 82 00:03:32,360 --> 00:03:36,920 Speaker 3: Okay, Yeah, validation. Man. He is a very very sweet 83 00:03:36,960 --> 00:03:38,480 Speaker 3: he is very nice. 84 00:03:38,680 --> 00:03:41,400 Speaker 2: Lovable odd ball is kind of what we strive for 85 00:03:41,720 --> 00:03:42,280 Speaker 2: a Kafi. 86 00:03:42,960 --> 00:03:43,720 Speaker 3: Is that fair to say? 87 00:03:43,760 --> 00:03:45,840 Speaker 2: I mean, I've always heard it referred to as as 88 00:03:45,920 --> 00:03:49,600 Speaker 2: the radio station Island of misfit toys, Like we're just 89 00:03:49,640 --> 00:03:50,840 Speaker 2: a bunch of odd balls. 90 00:03:50,640 --> 00:03:51,400 Speaker 3: Too all come together. 91 00:03:51,440 --> 00:03:54,120 Speaker 2: We're the weird kids in the school cafeteria that nobody 92 00:03:54,120 --> 00:03:56,320 Speaker 2: could really get a beat on guaranteed humans. 93 00:03:57,640 --> 00:03:59,640 Speaker 3: Yeah, uh so. 94 00:03:59,800 --> 00:04:02,920 Speaker 2: I to the amazing program that I have planned for tonight. 95 00:04:04,840 --> 00:04:09,720 Speaker 2: It's it sucks, but here's what I got. If you 96 00:04:09,720 --> 00:04:11,600 Speaker 2: haven't done your holiday shopping at I was doing a 97 00:04:11,600 --> 00:04:14,120 Speaker 2: little shopping too. While I was, you know, listening to 98 00:04:14,160 --> 00:04:16,719 Speaker 2: Ali complained about Foosh recovering again. 99 00:04:17,000 --> 00:04:20,960 Speaker 3: Really odd, but I was, I was trying to do 100 00:04:21,000 --> 00:04:21,400 Speaker 3: some shopping. 101 00:04:21,440 --> 00:04:23,720 Speaker 2: I'm not done shopping at I've got a few people, 102 00:04:23,720 --> 00:04:24,919 Speaker 2: and I don't know what to get him. 103 00:04:25,240 --> 00:04:26,760 Speaker 3: Like my brother, I don't know what to get him. 104 00:04:26,760 --> 00:04:27,839 Speaker 3: We're not really all that close, and. 105 00:04:27,839 --> 00:04:29,760 Speaker 2: I don't want to spend that much on him, you know, 106 00:04:30,320 --> 00:04:32,960 Speaker 2: but he's also got three kids and a wife. 107 00:04:33,839 --> 00:04:36,400 Speaker 3: Damn, I have to get him all presents. 108 00:04:36,640 --> 00:04:40,239 Speaker 2: No, no, get them nothing. So that's what he always 109 00:04:40,240 --> 00:04:42,919 Speaker 2: gets me. But that also gives me the chance to 110 00:04:42,920 --> 00:04:43,640 Speaker 2: be the better brother. 111 00:04:44,440 --> 00:04:47,200 Speaker 3: Do you do you need that? Just get him nothing? No, 112 00:04:47,240 --> 00:04:48,559 Speaker 3: I just I need to be better. 113 00:04:48,680 --> 00:04:50,719 Speaker 6: You need to pull my trick and just play the 114 00:04:50,839 --> 00:04:51,440 Speaker 6: jew card. 115 00:04:52,200 --> 00:04:52,680 Speaker 3: Here we go. 116 00:04:52,800 --> 00:04:57,120 Speaker 2: Oh god, alla, you got your hand on that dumb button, right, buddy. 117 00:04:56,920 --> 00:04:58,720 Speaker 6: I didn't say anything. 118 00:04:59,520 --> 00:05:02,400 Speaker 2: All right, Okay, all right, Marjorie Taylor Green? What kind 119 00:05:02,400 --> 00:05:04,039 Speaker 2: of space laser should I get him? 120 00:05:04,240 --> 00:05:08,440 Speaker 7: I don't buy Christmas gifts because I don't celebrate Christmas. 121 00:05:08,760 --> 00:05:10,919 Speaker 3: Oh, I see, okay? All right? Do I have to 122 00:05:10,920 --> 00:05:12,920 Speaker 3: get him like eight Hanuka gifts or something? 123 00:05:12,920 --> 00:05:15,360 Speaker 6: Then no, we don't really do that either. That's a lie. 124 00:05:15,400 --> 00:05:18,479 Speaker 7: So we never felt out of at the wrong end 125 00:05:18,520 --> 00:05:21,039 Speaker 7: of the school yard as kid, That makes sense. 126 00:05:22,320 --> 00:05:24,120 Speaker 2: I don't know what to get some people who are 127 00:05:24,640 --> 00:05:26,839 Speaker 2: you know, they're They're close enough that I'd probably helped 128 00:05:26,880 --> 00:05:28,760 Speaker 2: them move, but not close enough that I'd let them 129 00:05:28,760 --> 00:05:33,680 Speaker 2: hang out at my place after dinner, like Roner, and 130 00:05:34,200 --> 00:05:37,560 Speaker 2: so I turned to AI. So a number of people 131 00:05:37,600 --> 00:05:40,120 Speaker 2: are turning to AI this year to find the perfect gift. 132 00:05:41,000 --> 00:05:42,440 Speaker 2: I don't know if I believe that this is perfect. 133 00:05:42,480 --> 00:05:45,479 Speaker 2: You're supposed to simply type in some details about the 134 00:05:45,520 --> 00:05:48,760 Speaker 2: individual and then ask AI Chat GPT to help you 135 00:05:48,839 --> 00:05:52,039 Speaker 2: figure out what it is. In fact, so much so 136 00:05:52,160 --> 00:05:56,960 Speaker 2: that Walmart has partnered with open Ai and Target is 137 00:05:57,040 --> 00:06:01,320 Speaker 2: launching a beta version of their new app experience within 138 00:06:01,560 --> 00:06:04,600 Speaker 2: chat GPT, which is open Ai. And this is all 139 00:06:04,640 --> 00:06:07,160 Speaker 2: to try to help people find gifts. So Mark, you 140 00:06:07,160 --> 00:06:08,560 Speaker 2: tell me if I got this right. Here's what I 141 00:06:08,560 --> 00:06:11,640 Speaker 2: typed in. All right, what can I give my code? 142 00:06:11,680 --> 00:06:14,159 Speaker 2: What gift can I give my coworker. He's a radio 143 00:06:14,279 --> 00:06:17,200 Speaker 2: news anchor who loves classic cinema, does freelance writing. It 144 00:06:17,320 --> 00:06:19,080 Speaker 2: is a bit of a vampire sleeps during the day 145 00:06:19,120 --> 00:06:23,080 Speaker 2: and up all night. H Okay, it was any of 146 00:06:23,080 --> 00:06:23,760 Speaker 2: that inaccurate. 147 00:06:25,240 --> 00:06:27,839 Speaker 4: We'll just go forward with this without my quibbling. But 148 00:06:28,640 --> 00:06:31,440 Speaker 4: it's really could you make a gift more meaningless and 149 00:06:31,480 --> 00:06:33,839 Speaker 4: impersonal than by consulting AI? 150 00:06:34,320 --> 00:06:36,080 Speaker 3: No? Well, I don't know. 151 00:06:36,120 --> 00:06:37,760 Speaker 2: I mean half the crap that I buy for people 152 00:06:37,880 --> 00:06:39,560 Speaker 2: is completely meaningless an imperson I. 153 00:06:39,520 --> 00:06:41,440 Speaker 3: Mean, why don't you just address it to occupant while 154 00:06:41,440 --> 00:06:41,920 Speaker 3: you're at it? 155 00:06:41,960 --> 00:06:46,840 Speaker 2: Okay, Well, are you kidding? Mickey just said to buy booze? Well, 156 00:06:46,880 --> 00:06:48,680 Speaker 2: though you would appreciate you. Yeah, I don't have a 157 00:06:48,680 --> 00:06:50,279 Speaker 2: problem with at least that would be fine. Yeah, but 158 00:06:50,320 --> 00:06:52,039 Speaker 2: that's totally in personal. Okay, So it says I should 159 00:06:52,040 --> 00:06:55,400 Speaker 2: get you a restored classic film Blu ray or collector's edition. 160 00:06:56,880 --> 00:07:01,279 Speaker 4: Uh, but it's a boulevard of evil the third man, 161 00:07:01,600 --> 00:07:03,680 Speaker 4: I'm pretty sure I have all those. That's the problem 162 00:07:03,720 --> 00:07:06,200 Speaker 4: with movie fans. It's like it's like a you know, 163 00:07:06,240 --> 00:07:08,680 Speaker 4: if a reader or a comic book fan or something 164 00:07:08,920 --> 00:07:09,240 Speaker 4: to have it. 165 00:07:09,320 --> 00:07:11,280 Speaker 3: You have no idea what they don't have. 166 00:07:11,560 --> 00:07:14,800 Speaker 4: Yeah, that's true, that's true, and there's there's no sly 167 00:07:15,000 --> 00:07:17,680 Speaker 4: way to find out either. It's like asking a girl 168 00:07:17,720 --> 00:07:19,640 Speaker 4: what what a ring size is? You know you know 169 00:07:19,680 --> 00:07:20,160 Speaker 4: what's coming. 170 00:07:20,440 --> 00:07:23,000 Speaker 3: Yeah, yeah, I do. And I'm not telling you my 171 00:07:23,080 --> 00:07:23,840 Speaker 3: ring size either. 172 00:07:24,680 --> 00:07:28,040 Speaker 5: You could talk for about ten films that he doesn't 173 00:07:28,080 --> 00:07:30,440 Speaker 5: have but he wants, and then pick one and then 174 00:07:30,440 --> 00:07:33,120 Speaker 5: it's a half surprise he still know. 175 00:07:33,200 --> 00:07:33,960 Speaker 3: Is getting into something. 176 00:07:34,040 --> 00:07:37,400 Speaker 2: Yeah, a cinema themed desk lamp or Marquee light. 177 00:07:39,080 --> 00:07:39,480 Speaker 3: I'll tell you. 178 00:07:39,560 --> 00:07:42,240 Speaker 4: I saw a desk lamp in the shape of an 179 00:07:42,280 --> 00:07:44,600 Speaker 4: alien Xeno morph and I think the light was coming 180 00:07:44,640 --> 00:07:47,400 Speaker 4: out of its mouth. That was a festive holiday gift 181 00:07:47,440 --> 00:07:48,560 Speaker 4: that I would enjoy receiving. 182 00:07:48,640 --> 00:07:51,560 Speaker 2: That's a that's a definitely, that's a runner winner. Yeah. 183 00:07:51,680 --> 00:07:56,480 Speaker 2: About a high quality notebook for your freelance writing. Oh yeah, 184 00:07:56,640 --> 00:07:59,160 Speaker 2: you're not fancy enough. What well, just like paper, I 185 00:07:59,240 --> 00:08:02,680 Speaker 2: guess to write my hand says Writers secretly judge each 186 00:08:02,680 --> 00:08:04,840 Speaker 2: other's stationary No, no, we don't. 187 00:08:05,080 --> 00:08:05,680 Speaker 3: I didn't think so. 188 00:08:06,000 --> 00:08:10,040 Speaker 6: Doesn't anyone just want things that they need anymore, like 189 00:08:10,040 --> 00:08:11,440 Speaker 6: like socks and underwear? 190 00:08:12,520 --> 00:08:13,440 Speaker 3: I think I'm kind of coming. 191 00:08:13,760 --> 00:08:16,280 Speaker 2: This is why, this is why nobody's buying you Christmas presents. 192 00:08:16,400 --> 00:08:18,720 Speaker 2: Is not the jew thing, it's the it's the nobody 193 00:08:18,840 --> 00:08:20,640 Speaker 2: like your Your gifts are terrible ideas. 194 00:08:21,840 --> 00:08:25,280 Speaker 7: I'm really happy if somebody bought me socks and anddies. 195 00:08:25,480 --> 00:08:27,480 Speaker 2: Well they're not because you already pulled them. You pulled 196 00:08:27,480 --> 00:08:28,960 Speaker 2: the jew card, so you can't do it. 197 00:08:29,080 --> 00:08:31,160 Speaker 5: He just said snooze fest about a notepad, and then 198 00:08:31,200 --> 00:08:33,080 Speaker 5: you mentioned sucks socks and underwear. 199 00:08:33,520 --> 00:08:34,040 Speaker 6: Helpful. 200 00:08:34,200 --> 00:08:36,760 Speaker 7: We always wear socks and andies, so we need that 201 00:08:37,760 --> 00:08:40,200 Speaker 7: you're free socks. 202 00:08:41,200 --> 00:08:44,280 Speaker 3: How about a night creature survival kid mark. I what 203 00:08:44,400 --> 00:08:45,320 Speaker 3: is that? Okay? 204 00:08:45,400 --> 00:08:50,160 Speaker 2: So gourmet coffee or cold brew concentrate, blue light blocking glasses, 205 00:08:50,320 --> 00:08:53,840 Speaker 2: a small blackout sleep mask, and I do not disturb 206 00:08:54,200 --> 00:08:55,600 Speaker 2: doorhannger does it? 207 00:08:55,640 --> 00:08:58,240 Speaker 4: Does it come with a mask and a knife? 208 00:08:58,160 --> 00:09:01,640 Speaker 3: Yeah? A criteria collection masking nights. Okay? 209 00:09:01,800 --> 00:09:04,560 Speaker 4: Yeah, well I mean sure, I mean in a pinch. 210 00:09:04,640 --> 00:09:08,200 Speaker 4: But isn't the main reason to give gifts, apart from 211 00:09:08,280 --> 00:09:12,199 Speaker 4: the perfunctory holiday aspect showing somebody who you know that 212 00:09:12,520 --> 00:09:15,600 Speaker 4: you've been thoughtful and picked out something you want them 213 00:09:15,640 --> 00:09:16,000 Speaker 4: to have. 214 00:09:16,240 --> 00:09:19,240 Speaker 3: What about the gift that you didn't give right? 215 00:09:19,440 --> 00:09:22,160 Speaker 2: Like, for instance, I told you that we're close enough, 216 00:09:22,200 --> 00:09:23,880 Speaker 2: I would help you move, but not close enough I'd 217 00:09:23,880 --> 00:09:24,880 Speaker 2: stick around after dinner. 218 00:09:24,960 --> 00:09:27,200 Speaker 3: All right, That's that's where I am. I'll take that. 219 00:09:27,400 --> 00:09:29,640 Speaker 2: Yeah, and I always feel like if you're willing to 220 00:09:29,640 --> 00:09:31,400 Speaker 2: help somebody move, that's a real market friendship. 221 00:09:32,400 --> 00:09:34,600 Speaker 3: So yeah, I consider us to be friends. Right. 222 00:09:34,640 --> 00:09:37,200 Speaker 2: I would help you move, but I would never ask 223 00:09:37,280 --> 00:09:40,160 Speaker 2: you to help me move. And I consider that a gift, 224 00:09:40,400 --> 00:09:42,440 Speaker 2: the fact it's a gift that you'll never know you got, 225 00:09:43,440 --> 00:09:44,080 Speaker 2: but you got it. 226 00:09:44,720 --> 00:09:48,440 Speaker 4: I appreciate the being spared aspect of that. That is 227 00:09:48,440 --> 00:09:50,240 Speaker 4: a gift. Thank you, You're welcome. 228 00:09:50,720 --> 00:09:53,280 Speaker 2: Meanwhile, a number of people did find the right gifts. 229 00:09:53,360 --> 00:09:56,800 Speaker 2: I was surprised to see that Black Friday sales went up. 230 00:09:58,080 --> 00:10:00,000 Speaker 2: We keep hearing about how bad things are, we're gonna 231 00:10:00,080 --> 00:10:02,440 Speaker 2: predictions for the last few months about how a lot 232 00:10:02,480 --> 00:10:04,600 Speaker 2: of retailers were worried about spending being down. But as 233 00:10:04,640 --> 00:10:06,840 Speaker 2: far as the start to the holiday season way up. 234 00:10:06,880 --> 00:10:09,520 Speaker 2: Online sales up over ten percent, in store sales one 235 00:10:09,520 --> 00:10:12,480 Speaker 2: point seven percent. And so that gives us a total 236 00:10:12,520 --> 00:10:17,480 Speaker 2: of retail sales excluding cars. Yeh, to throw that in, 237 00:10:17,520 --> 00:10:21,120 Speaker 2: I guess, uh went up four point one percent. So 238 00:10:21,240 --> 00:10:23,319 Speaker 2: that is actually stronger than last year's growth. 239 00:10:23,720 --> 00:10:26,840 Speaker 4: Well, if you'll excuse me for interrupting, go on. Isn't 240 00:10:26,840 --> 00:10:29,360 Speaker 4: the second half of that sentence that the research showed 241 00:10:29,400 --> 00:10:32,280 Speaker 4: that people actually bought fewer things and the reason they 242 00:10:32,320 --> 00:10:33,760 Speaker 4: spent more was because of inflation. 243 00:10:34,160 --> 00:10:40,160 Speaker 2: Yes, yes, that is exactly right. So but but and 244 00:10:40,200 --> 00:10:41,480 Speaker 2: I had to explain this to a friend of mine. 245 00:10:41,480 --> 00:10:42,920 Speaker 2: I was telling them about this story, and he was like, 246 00:10:43,320 --> 00:10:45,520 Speaker 2: wait a minute, doesn't that mean that they got more stuff? 247 00:10:45,520 --> 00:10:47,920 Speaker 2: And I went, no, it means that they got the 248 00:10:48,000 --> 00:10:50,640 Speaker 2: same amount of stuff. It just cost them four percent more. 249 00:10:50,679 --> 00:10:53,120 Speaker 2: They spent more and they got less, which I mean 250 00:10:53,120 --> 00:10:56,000 Speaker 2: that explains if inflation is up three to four percent 251 00:10:56,080 --> 00:10:59,000 Speaker 2: year over year and we spent three or four percent 252 00:10:59,040 --> 00:11:01,199 Speaker 2: more year over year, that basically means we bought the 253 00:11:01,200 --> 00:11:05,120 Speaker 2: same amount of crap roughly right. And I know your 254 00:11:05,120 --> 00:11:07,600 Speaker 2: contention is we actually bought less. Perhaps we did. 255 00:11:08,360 --> 00:11:09,599 Speaker 3: But I also. 256 00:11:09,440 --> 00:11:12,200 Speaker 2: Wonder if we're at a because we have a tighter 257 00:11:12,240 --> 00:11:16,440 Speaker 2: window this year slightly. I think last year that wasn't 258 00:11:16,440 --> 00:11:18,920 Speaker 2: thanks saving on the twenty sixth last year, if I'm 259 00:11:18,920 --> 00:11:21,480 Speaker 2: not mistakes, So we have a slightly smaller window, slightly 260 00:11:21,520 --> 00:11:23,400 Speaker 2: fewer days until Christmas, which means you have to pack 261 00:11:23,440 --> 00:11:25,679 Speaker 2: in a little bit more on your on your Black Friday. 262 00:11:25,840 --> 00:11:27,560 Speaker 2: I found Black Friday sales sucked. 263 00:11:28,600 --> 00:11:30,880 Speaker 3: You've got nothing you bought not a single thing. I mean, 264 00:11:30,920 --> 00:11:33,560 Speaker 3: of course I did. Yeah, okay, you know I don't 265 00:11:33,600 --> 00:11:35,320 Speaker 3: have handle money, but I'm not bro Well. 266 00:11:35,480 --> 00:11:39,000 Speaker 4: The thing is that bookmark things that you're interested in 267 00:11:39,040 --> 00:11:40,880 Speaker 4: so that you can see how you're not really getting 268 00:11:40,880 --> 00:11:43,360 Speaker 4: a good deal on Black Friday, especially on Amazon. 269 00:11:43,600 --> 00:11:46,400 Speaker 2: One of the things I love to do is Amazon 270 00:11:46,440 --> 00:11:48,560 Speaker 2: now has a feature where we'll say price track this, 271 00:11:49,760 --> 00:11:51,600 Speaker 2: so it will show you. In fact, let me just 272 00:11:51,679 --> 00:11:54,079 Speaker 2: let me just grab something. Oh look, I have Amazon 273 00:11:54,120 --> 00:11:56,440 Speaker 2: bookmarked right here. Let me just pull this up real fast. 274 00:11:56,480 --> 00:11:58,240 Speaker 2: I will bring this out here. Let's see. 275 00:11:58,640 --> 00:11:59,320 Speaker 3: Is this the one? 276 00:11:59,720 --> 00:11:59,880 Speaker 8: Oh? 277 00:12:00,000 --> 00:12:01,600 Speaker 2: Maybe it's an app I have on here that says, 278 00:12:01,600 --> 00:12:04,040 Speaker 2: you know, track the price. Oh yeah, no, no, it's on Amazon. 279 00:12:04,080 --> 00:12:06,400 Speaker 2: It says price history, so it tells me what the 280 00:12:06,400 --> 00:12:08,640 Speaker 2: price history is. And then I've got other apps on 281 00:12:08,679 --> 00:12:11,080 Speaker 2: here that will tell me that, yeah, that is the 282 00:12:11,120 --> 00:12:13,680 Speaker 2: lowest price in thirty days. 283 00:12:14,240 --> 00:12:18,319 Speaker 3: Okay, so that's good. Now I kind of want to 284 00:12:18,320 --> 00:12:20,680 Speaker 3: buy it, all right, Well, maybe I'll just have to 285 00:12:20,679 --> 00:12:22,760 Speaker 3: buy this here. What is it you're circling around there? 286 00:12:23,000 --> 00:12:25,800 Speaker 2: There's a steak knives that match the other set that 287 00:12:26,000 --> 00:12:28,760 Speaker 2: the other you're obsessed with knives kind of am Yeah, 288 00:12:28,960 --> 00:12:30,520 Speaker 2: I think I think there may have been a ninja 289 00:12:30,559 --> 00:12:31,360 Speaker 2: in a previous life. 290 00:12:32,280 --> 00:12:34,760 Speaker 4: I think your obsession with knives is kind of proof 291 00:12:34,800 --> 00:12:36,360 Speaker 4: you shouldn't be around knives. 292 00:12:36,480 --> 00:12:38,920 Speaker 2: So what is interesting, though, is that as we're worried 293 00:12:38,920 --> 00:12:42,040 Speaker 2: about the economy, we're still spending the same amount. We're 294 00:12:42,040 --> 00:12:45,040 Speaker 2: spending more money, even if we're getting less, We're spending 295 00:12:45,040 --> 00:12:47,080 Speaker 2: more money. And if we're so nervous about the economy, 296 00:12:47,120 --> 00:12:49,160 Speaker 2: why are the holiday sales up so far? 297 00:12:49,360 --> 00:12:53,800 Speaker 3: I have answers to this. That is next, Chris Meryld. 298 00:12:54,640 --> 00:13:03,160 Speaker 1: You're listening to KFI AM six forty on demand. 299 00:13:00,600 --> 00:13:04,480 Speaker 2: Thanks to everybody that participated in the postathon. It continues. 300 00:13:04,559 --> 00:13:06,360 Speaker 2: Just go to camf I AM six sporting dot com 301 00:13:06,360 --> 00:13:09,040 Speaker 2: slash pastathon and it looks like we may hit our 302 00:13:09,040 --> 00:13:11,200 Speaker 2: goal up over a million dollars this year. 303 00:13:11,280 --> 00:13:12,400 Speaker 3: Really incredible. 304 00:13:12,559 --> 00:13:14,160 Speaker 2: And the work that you're doing to trying to help 305 00:13:14,200 --> 00:13:16,800 Speaker 2: out of the kids that are fed by Chef Bruno's charity, 306 00:13:16,840 --> 00:13:19,079 Speaker 2: which is Katrina's Club. More than twenty five thousand meals 307 00:13:19,120 --> 00:13:23,280 Speaker 2: every week go to kids in need in southern California. 308 00:13:23,840 --> 00:13:27,120 Speaker 2: And I'm no mathematics whiz, but I think that's like 309 00:13:27,360 --> 00:13:30,400 Speaker 2: one point two even more than that if it's per week, 310 00:13:30,480 --> 00:13:33,040 Speaker 2: so it's like a one and a half million meals 311 00:13:33,480 --> 00:13:36,400 Speaker 2: a year that they provide. That is really wild, So 312 00:13:36,480 --> 00:13:39,160 Speaker 2: thank you to everybody that helped to make that happen. 313 00:13:40,000 --> 00:13:43,840 Speaker 2: Spending this holiday season is up, what you get is 314 00:13:44,360 --> 00:13:48,760 Speaker 2: down thanks to inflation. But we did see that on 315 00:13:48,840 --> 00:13:54,840 Speaker 2: Black Friday anyway, numbers went up, retail data showing that 316 00:13:54,960 --> 00:13:57,440 Speaker 2: the retail sales excluding autos went up by a over 317 00:13:57,520 --> 00:14:00,000 Speaker 2: four percent year over year, which beats out last year, 318 00:14:00,080 --> 00:14:01,320 Speaker 2: which was at three and a half percent. 319 00:14:01,600 --> 00:14:03,719 Speaker 3: Although it was interesting, it all depends on who you're 320 00:14:03,720 --> 00:14:04,200 Speaker 3: listening to. 321 00:14:04,600 --> 00:14:07,680 Speaker 2: So I went looking for audio for the story and 322 00:14:07,679 --> 00:14:13,440 Speaker 2: it ran across the story from Fox four, w FTX, Naples, 323 00:14:13,520 --> 00:14:17,080 Speaker 2: Florida and others. I just grabbed this one because it 324 00:14:17,120 --> 00:14:19,880 Speaker 2: was the first one that I found. And here's what 325 00:14:19,880 --> 00:14:22,480 Speaker 2: they were talking about. They said, Oh, we're spending less. 326 00:14:22,600 --> 00:14:25,920 Speaker 9: A new survey from coupon follow shows nearly one in 327 00:14:26,040 --> 00:14:29,920 Speaker 9: three people planning to spend less this holiday season compared 328 00:14:29,920 --> 00:14:33,400 Speaker 9: to last year. Forty percent are cutting back on gift 329 00:14:33,440 --> 00:14:36,560 Speaker 9: giving due to inflation. The studies surveyed more than one 330 00:14:36,600 --> 00:14:40,560 Speaker 9: thousand US adults about their holidays spending plans. Nearly two 331 00:14:40,560 --> 00:14:44,880 Speaker 9: in five Americans say they feel financially insecure about affording 332 00:14:44,880 --> 00:14:46,000 Speaker 9: the holidays this year. 333 00:14:46,920 --> 00:14:50,800 Speaker 2: So it's entirely possible that this is consistent with what 334 00:14:50,840 --> 00:14:53,160 Speaker 2: we saw throughout the year. There have been a number 335 00:14:53,160 --> 00:14:55,120 Speaker 2: of stories about how the economy is being propped up 336 00:14:55,160 --> 00:14:57,600 Speaker 2: by the halves and have nots continue to suffer more 337 00:14:57,600 --> 00:14:59,680 Speaker 2: and more. So it is totally possible that the people 338 00:14:59,680 --> 00:15:02,080 Speaker 2: with my he spent more money this year to make 339 00:15:02,200 --> 00:15:04,080 Speaker 2: up for the people who didn't have as much money, 340 00:15:04,080 --> 00:15:06,200 Speaker 2: and the same way that you may have heard about 341 00:15:06,200 --> 00:15:09,040 Speaker 2: how the economy is largely being propped up by the 342 00:15:10,400 --> 00:15:15,400 Speaker 2: enticing nature of the prospect of AI. So Nvidia doing 343 00:15:15,440 --> 00:15:18,640 Speaker 2: really well, whereas some of the other companies not doing 344 00:15:18,720 --> 00:15:21,480 Speaker 2: quite as well. But now let me turn to another 345 00:15:21,480 --> 00:15:24,320 Speaker 2: story out of ABC in Austin, and again, first one, 346 00:15:24,320 --> 00:15:27,480 Speaker 2: I found Kvue out of Boston, and don't read anything 347 00:15:27,480 --> 00:15:31,240 Speaker 2: into Fox is talking bad things. ABC's saying good, no, no, no, 348 00:15:31,280 --> 00:15:33,200 Speaker 2: there's nothing I was finding it from all the different networks. 349 00:15:33,320 --> 00:15:36,040 Speaker 3: Has nothing to do with that. This was in Austin. 350 00:15:36,080 --> 00:15:37,840 Speaker 3: They say, oh no, we're all going to spend more and. 351 00:15:37,880 --> 00:15:41,360 Speaker 8: A less, say Black Fridays on increase in shoppers, with 352 00:15:41,480 --> 00:15:45,640 Speaker 8: consumers spending about eleven point eight billion dollars online. That's 353 00:15:45,640 --> 00:15:49,120 Speaker 8: a nine point one percent increase compared to last year, 354 00:15:49,600 --> 00:15:52,960 Speaker 8: but the amount of people shopping in person decrease this year. 355 00:15:53,360 --> 00:15:55,080 Speaker 6: Retailers say the biggest. 356 00:15:54,800 --> 00:15:58,400 Speaker 8: Challenge is a lack of change, and with the last penny. 357 00:15:58,160 --> 00:15:59,480 Speaker 3: Mint Wait a minute, say that again. 358 00:16:00,040 --> 00:16:01,280 Speaker 6: What retailers say? 359 00:16:01,360 --> 00:16:04,240 Speaker 8: The biggest challenge is a lack of change, and with 360 00:16:04,320 --> 00:16:08,040 Speaker 8: the last penny minted just three weeks ago, stores are 361 00:16:08,080 --> 00:16:11,760 Speaker 8: having to round down to avoid disputes with shoppers. 362 00:16:12,560 --> 00:16:16,520 Speaker 2: The biggest challenge is a lack of change. I'm skeptical 363 00:16:16,560 --> 00:16:17,240 Speaker 2: about that too. 364 00:16:17,640 --> 00:16:18,080 Speaker 3: Yeah. 365 00:16:18,280 --> 00:16:20,000 Speaker 2: Yeah, it's not often you and I agree, but we 366 00:16:20,080 --> 00:16:22,280 Speaker 2: are on this one. I know it's boring when we agree, 367 00:16:22,360 --> 00:16:22,960 Speaker 2: it kind of is. 368 00:16:23,080 --> 00:16:23,600 Speaker 3: Yeah. 369 00:16:23,760 --> 00:16:26,040 Speaker 2: No, I'm not buying that, and this whole thing with 370 00:16:26,080 --> 00:16:30,880 Speaker 2: the penny. You're not telling me, Oh, our sales are 371 00:16:30,920 --> 00:16:32,640 Speaker 2: way off because we had to round down. 372 00:16:33,040 --> 00:16:38,400 Speaker 3: No, no, I'm not buying that either. No no, no, no, no. 373 00:16:37,520 --> 00:16:40,080 Speaker 2: No no no. In fact, I'm in camp get rid 374 00:16:40,160 --> 00:16:43,200 Speaker 2: of change altogether. Let's just go to paper currencies. Let's 375 00:16:43,240 --> 00:16:46,000 Speaker 2: just do that. Oh no, I'm definitely the minority on 376 00:16:46,040 --> 00:16:48,320 Speaker 2: this one. I know it, but I say, just you 377 00:16:48,360 --> 00:16:50,520 Speaker 2: know what, Nichols dimes all of those get them out 378 00:16:50,560 --> 00:16:52,320 Speaker 2: of here. I might let you get away with quarters, 379 00:16:52,520 --> 00:16:54,640 Speaker 2: but for the most part not just get rid of 380 00:16:54,640 --> 00:16:57,400 Speaker 2: all that crap. We don't need any of it. So 381 00:16:57,440 --> 00:16:59,880 Speaker 2: why do people? Why are people spending so much money? 382 00:17:00,040 --> 00:17:02,520 Speaker 2: And if if we're hearing about how broke they are? 383 00:17:02,640 --> 00:17:04,400 Speaker 2: And I think, Mark, I think you hit a big 384 00:17:04,440 --> 00:17:08,680 Speaker 2: one on the head when you said this perfunctory gift buying. 385 00:17:09,359 --> 00:17:11,840 Speaker 3: Did you use that the big word? 386 00:17:11,880 --> 00:17:14,679 Speaker 4: That does sound like something i'd say, yeah, And I 387 00:17:14,720 --> 00:17:16,040 Speaker 4: just think that is so true. 388 00:17:16,760 --> 00:17:18,520 Speaker 2: We've got it. Well, I got it. I have to. 389 00:17:18,720 --> 00:17:20,959 Speaker 2: It's Christmas. We always do it. Well, I have to. 390 00:17:21,320 --> 00:17:24,560 Speaker 2: If I don't, then the relatives are gonna think that 391 00:17:24,600 --> 00:17:25,960 Speaker 2: I'm poor, and I don't want that to happen. 392 00:17:26,040 --> 00:17:27,000 Speaker 3: Well, what if I. 393 00:17:27,000 --> 00:17:29,320 Speaker 2: Don't and then my kids go tell the neighbors that 394 00:17:29,320 --> 00:17:31,200 Speaker 2: they didn't get as much stuff. I don't want anybody 395 00:17:31,200 --> 00:17:34,000 Speaker 2: in the neighborhood talking. Oh, I don't want any I 396 00:17:34,040 --> 00:17:36,680 Speaker 2: have to make sure everybody knows it. I got to 397 00:17:36,760 --> 00:17:40,600 Speaker 2: keep up with the Joneses. No, you don't. I have 398 00:17:40,680 --> 00:17:42,600 Speaker 2: a simple hack. Are you ready for this? 399 00:17:43,760 --> 00:17:47,760 Speaker 3: Tell people you're broke. Yeah, sure, I get it. 400 00:17:47,840 --> 00:17:49,679 Speaker 2: You're like, oh, yeah, but my ego can't handle that, 401 00:17:49,760 --> 00:17:51,879 Speaker 2: and I don't want people to think I'm But I 402 00:17:51,960 --> 00:17:53,320 Speaker 2: just want you to think of that. Think of all 403 00:17:53,359 --> 00:17:55,560 Speaker 2: the money you would save if people thought you didn't 404 00:17:55,600 --> 00:17:56,520 Speaker 2: have any to spend on. 405 00:17:56,480 --> 00:18:00,760 Speaker 4: Them, And in seventy percent of the cases you wouldn't 406 00:18:00,760 --> 00:18:01,240 Speaker 4: be lying. 407 00:18:02,400 --> 00:18:05,080 Speaker 3: Yeah, but even I'm actually okay with the lying too. 408 00:18:06,040 --> 00:18:09,480 Speaker 2: But yeah, no, you're right, you're right. In many cases 409 00:18:09,720 --> 00:18:13,280 Speaker 2: you're right. But also there's nothing wrong with lying. I'm 410 00:18:13,320 --> 00:18:16,359 Speaker 2: totally okay with it, all right. You keep saying that 411 00:18:16,359 --> 00:18:18,600 Speaker 2: you're being careful with money, but your your credit cards 412 00:18:18,600 --> 00:18:20,760 Speaker 2: are working overtime. There is a little trick to making 413 00:18:20,760 --> 00:18:22,960 Speaker 2: sure that your only a regret from this holiday season 414 00:18:23,760 --> 00:18:25,760 Speaker 2: involves drinking too much and telling your uncle what you 415 00:18:25,760 --> 00:18:28,960 Speaker 2: think about as politics, credit card hacks are next. 416 00:18:29,040 --> 00:18:34,720 Speaker 1: Chris Merril, you're listening to KFI AM six forty on demand. 417 00:18:37,960 --> 00:18:39,200 Speaker 3: Hey, even, I'm Chris Merril. 418 00:18:39,320 --> 00:18:45,640 Speaker 2: KFI AM six forty more stimulating talk and on demand 419 00:18:46,040 --> 00:18:49,960 Speaker 2: anytime the iHeartRadio app. Thanks again to everybody that participated 420 00:18:50,000 --> 00:18:53,160 Speaker 2: with the fifteenth Annuel Kfi Pasta than Chef Bruno's charity, 421 00:18:53,200 --> 00:18:55,720 Speaker 2: Katerina's Club, providing more than twenty five thousand meals every 422 00:18:55,720 --> 00:18:58,760 Speaker 2: week to kids in need in southern California. It's your 423 00:18:58,800 --> 00:19:02,840 Speaker 2: generosity that makes that all happen. But you're pretty great, 424 00:19:03,119 --> 00:19:06,679 Speaker 2: So donate anytime KFI am six forty dot com slash pastathon, 425 00:19:06,760 --> 00:19:08,520 Speaker 2: and remember one hundred percent of your donation goes to 426 00:19:08,560 --> 00:19:11,520 Speaker 2: Katarina's Club. All the details KFI am six forty dot 427 00:19:11,560 --> 00:19:13,919 Speaker 2: com slash Pastathon. You can also bid on the KFI 428 00:19:13,960 --> 00:19:17,960 Speaker 2: exclusive auction items that are there, including hanging out with 429 00:19:18,600 --> 00:19:21,720 Speaker 2: either John No excuse me, John Cobalt. You could co 430 00:19:21,800 --> 00:19:24,000 Speaker 2: host an hour with him, or you can do a 431 00:19:24,000 --> 00:19:26,879 Speaker 2: Dodgers game with the Dean and Tina Sharp or with 432 00:19:26,920 --> 00:19:32,199 Speaker 2: Garyan Shannon. So good stuff on that list. Or the 433 00:19:32,320 --> 00:19:36,240 Speaker 2: Vegas package Oh Baby, three days, two nights, two adults 434 00:19:36,280 --> 00:19:38,359 Speaker 2: and one hundred fifty dollars in food and beverage credit 435 00:19:38,359 --> 00:19:42,920 Speaker 2: Resorts World Las Vegas gotta be over twenty one. So yeah, 436 00:19:42,960 --> 00:19:45,359 Speaker 2: good stuff on the on the auction blocker, you see 437 00:19:45,359 --> 00:19:49,080 Speaker 2: that very good. I did happen to see two on 438 00:19:49,280 --> 00:19:52,960 Speaker 2: the KFI Instagram. I hadn't seen this before the first 439 00:19:52,960 --> 00:19:57,679 Speaker 2: time I ran across it the legal addendum that's been 440 00:19:57,720 --> 00:20:06,040 Speaker 2: added to the broadcast. The legal addendum is the requirement 441 00:20:06,080 --> 00:20:09,000 Speaker 2: that there be no fewer than three hundred, but no 442 00:20:09,119 --> 00:20:11,640 Speaker 2: more than five hundred and fifty bagels delivered to any 443 00:20:11,680 --> 00:20:16,760 Speaker 2: and all Pastathon Live broadcasts. Not only is it a 444 00:20:16,880 --> 00:20:19,320 Speaker 2: legal addendum, he signed it, it's also been signed by 445 00:20:19,480 --> 00:20:23,080 Speaker 2: the corporate lawyers. It's really funny if you, if you 446 00:20:23,119 --> 00:20:26,080 Speaker 2: get a chance, look at it. Can if I Instagram page, 447 00:20:26,920 --> 00:20:30,359 Speaker 2: so there, you know all my friends, let. 448 00:20:30,320 --> 00:20:37,199 Speaker 3: Me see taking a look. Okay, all right, I was 449 00:20:37,240 --> 00:20:40,639 Speaker 3: just looking NICKI said that. Somebody was saying, oh yeah, 450 00:20:40,680 --> 00:20:42,760 Speaker 3: hold on, what is this? Hang on? 451 00:20:42,880 --> 00:20:45,119 Speaker 2: Somebody from the talkback talking about Nicky wanted to do 452 00:20:45,400 --> 00:20:46,840 Speaker 2: socks and undies for Christmas. 453 00:20:48,200 --> 00:20:49,080 Speaker 5: I agree with her. 454 00:20:49,240 --> 00:20:52,080 Speaker 10: I think that socks and undies are a perfect gift 455 00:20:52,520 --> 00:20:55,120 Speaker 10: and I would love to get those for her if 456 00:20:55,160 --> 00:20:56,679 Speaker 10: she would try them on in front of me. 457 00:20:59,200 --> 00:20:59,960 Speaker 6: I mean, I am. 458 00:21:02,320 --> 00:21:06,480 Speaker 2: Don't guys, and most people would be creeped out by that. 459 00:21:06,520 --> 00:21:08,120 Speaker 2: But you're like, well, you know, we'll give it a show. 460 00:21:08,280 --> 00:21:10,600 Speaker 6: I mean, I'm Australian, We're filthy. 461 00:21:10,920 --> 00:21:14,160 Speaker 11: I don't I don't keep crushing back on that, huh, 462 00:21:14,200 --> 00:21:16,760 Speaker 11: it's true. I don't think it's an Australian things. It's 463 00:21:16,760 --> 00:21:21,160 Speaker 11: a youth Australians a youth. It might be a Commonwealth thing. 464 00:21:22,800 --> 00:21:23,880 Speaker 3: We were a commonwealth. 465 00:21:25,000 --> 00:21:27,399 Speaker 6: It's not like we were. 466 00:21:28,119 --> 00:21:29,679 Speaker 3: I mean, we were never a penal island. 467 00:21:29,720 --> 00:21:35,800 Speaker 2: But okay, credit cards are where everybody's going this holiday season. 468 00:21:36,200 --> 00:21:38,840 Speaker 2: We're packing it up on the credit cards. According to 469 00:21:40,920 --> 00:21:44,800 Speaker 2: oh some dude called the oh Meade team on on 470 00:21:44,840 --> 00:21:47,840 Speaker 2: the YouTube breaking down the credit card usage, there's. 471 00:21:47,640 --> 00:21:49,199 Speaker 10: A lot of folks that are spending a lot of 472 00:21:49,200 --> 00:21:52,200 Speaker 10: money on credit because they are seeing their four one 473 00:21:52,280 --> 00:21:55,200 Speaker 10: ks they're not as of late anyway, but their digital 474 00:21:55,240 --> 00:21:58,680 Speaker 10: currency accounts things like that. They're seeing all their investments 475 00:21:58,760 --> 00:22:00,680 Speaker 10: go up the way that they is. Oh now, that's 476 00:22:00,680 --> 00:22:03,520 Speaker 10: all on paper because unless you cash that out, you 477 00:22:03,520 --> 00:22:06,560 Speaker 10: don't have the money yet, right. So because they see 478 00:22:06,560 --> 00:22:09,920 Speaker 10: that on paper, then they feel safe spending and overspending 479 00:22:10,000 --> 00:22:13,680 Speaker 10: on their credit card. So forty two percent of consumers 480 00:22:13,760 --> 00:22:18,439 Speaker 10: are using credit cards for Thanksgiving and Cyber Monday shopping, 481 00:22:18,480 --> 00:22:22,040 Speaker 10: and that's up from thirty eight percent. So the reliance 482 00:22:22,119 --> 00:22:25,919 Speaker 10: on this, especially in addition to the buy now and 483 00:22:26,000 --> 00:22:29,480 Speaker 10: pay later that's now on the rise, should be of 484 00:22:29,560 --> 00:22:31,600 Speaker 10: some concern to all of us who are living in 485 00:22:31,640 --> 00:22:32,359 Speaker 10: this economy. 486 00:22:32,440 --> 00:22:33,120 Speaker 3: So here's the thing. 487 00:22:33,160 --> 00:22:35,120 Speaker 2: If you're feeling like, oh, I can spend that money 488 00:22:35,160 --> 00:22:36,760 Speaker 2: on my credit card because my four oh one king 489 00:22:36,920 --> 00:22:40,440 Speaker 2: is doing well, that's not a great plan. And let 490 00:22:40,440 --> 00:22:43,439 Speaker 2: me give you an example. I'm old enough to remember 491 00:22:43,520 --> 00:22:46,840 Speaker 2: something called the Great Recession. And one of the things 492 00:22:46,840 --> 00:22:49,440 Speaker 2: that happened prior to the Great Recession is that home 493 00:22:49,520 --> 00:22:53,680 Speaker 2: value started a skyrocket. And as home value skyrocketed, people 494 00:22:53,720 --> 00:22:57,800 Speaker 2: became very comfortable in borrowing against the equity of their homes. 495 00:22:58,320 --> 00:23:00,520 Speaker 2: So it's not that they had paid down their homes. 496 00:23:00,600 --> 00:23:02,600 Speaker 2: Is that you buy a home, and let's say you 497 00:23:02,600 --> 00:23:04,760 Speaker 2: bought a home for five hundred thousand, things started going 498 00:23:04,840 --> 00:23:05,920 Speaker 2: up and up and up and up, and all of 499 00:23:05,920 --> 00:23:08,440 Speaker 2: a sudden, your home is worth eight hundred, nine hundred 500 00:23:08,480 --> 00:23:12,680 Speaker 2: thousand dollars and your net worth has gone up three 501 00:23:12,720 --> 00:23:17,160 Speaker 2: or four hundred grand. And so in your mind you're thinking, sure, 502 00:23:17,200 --> 00:23:20,679 Speaker 2: I may have only paid off eighty thousand dollars in 503 00:23:20,720 --> 00:23:24,920 Speaker 2: this house, but look, I'm worth four hundred. 504 00:23:24,680 --> 00:23:27,800 Speaker 3: Eighty thousand dollars. I can have a merry Christmas. 505 00:23:28,640 --> 00:23:30,520 Speaker 2: And so they start spending on the credit cards thinking 506 00:23:30,600 --> 00:23:32,639 Speaker 2: I got the money if I need to, or they 507 00:23:32,720 --> 00:23:35,639 Speaker 2: start taking out home equity lines of credit and then 508 00:23:35,640 --> 00:23:38,920 Speaker 2: they start buying toys, jet skis. 509 00:23:38,560 --> 00:23:40,400 Speaker 3: Boats, whatever it might be. 510 00:23:40,560 --> 00:23:44,800 Speaker 2: Right, So they started buying toys, and then what happened, Well, 511 00:23:44,800 --> 00:23:50,240 Speaker 2: then obviously the roof crashed in and they found themselves 512 00:23:50,320 --> 00:23:52,439 Speaker 2: not only is their home not worth anything, they have 513 00:23:53,400 --> 00:23:56,840 Speaker 2: an ass load of debt and they're paying on their 514 00:23:56,880 --> 00:24:00,320 Speaker 2: home equity lines of credit. Plus their mortgage on a 515 00:24:00,359 --> 00:24:02,520 Speaker 2: home that they bought for five hundred went up to 516 00:24:02,600 --> 00:24:04,359 Speaker 2: nine hundred and that was only worth two fitty. 517 00:24:06,040 --> 00:24:09,280 Speaker 3: So that didn't work out very well. Because you're net worth. 518 00:24:09,320 --> 00:24:10,920 Speaker 2: You thought you were worth half a million dollars and 519 00:24:10,960 --> 00:24:13,280 Speaker 2: all of a sudden you are in the negatives. And 520 00:24:13,320 --> 00:24:15,960 Speaker 2: so let's just it's not great money management. It's not 521 00:24:16,520 --> 00:24:20,080 Speaker 2: it's not using very good constraint on your own impulses. 522 00:24:20,640 --> 00:24:23,120 Speaker 2: So you gotta you gotta plan ahead, you gotta track 523 00:24:23,160 --> 00:24:25,199 Speaker 2: your spending. You gotta do all the boring things that 524 00:24:25,240 --> 00:24:26,600 Speaker 2: our parents told us to do. You gotta do all 525 00:24:26,640 --> 00:24:28,880 Speaker 2: the boring things that our high school econ teacher told 526 00:24:28,920 --> 00:24:32,080 Speaker 2: us to do. You gotta you gotta shop around. You 527 00:24:32,119 --> 00:24:35,240 Speaker 2: have to try to avoid going into debt using credit 528 00:24:35,280 --> 00:24:38,600 Speaker 2: cards in the first place. And look, it's a bit 529 00:24:38,680 --> 00:24:41,160 Speaker 2: hypocritical because I do use my credit card for about everything, 530 00:24:41,160 --> 00:24:42,000 Speaker 2: but then pay it off at the. 531 00:24:42,040 --> 00:24:42,600 Speaker 3: End of the month. 532 00:24:43,320 --> 00:24:52,160 Speaker 2: And I'm not exactly a shining example of great fiscal responsibility. 533 00:24:53,040 --> 00:24:54,760 Speaker 2: But I made enough mistakes to learn a few things 534 00:24:54,800 --> 00:24:57,720 Speaker 2: along the way. And in fact, I was just sending 535 00:24:57,880 --> 00:25:01,040 Speaker 2: a photo to my buddy who didn't believe we We 536 00:25:01,680 --> 00:25:04,600 Speaker 2: lost touch and then reconnected here recently, and he's, you know, 537 00:25:04,720 --> 00:25:06,359 Speaker 2: how are things going. I said, well, I lived in 538 00:25:06,359 --> 00:25:08,000 Speaker 2: an RV for two years. Well, my wife and I 539 00:25:08,040 --> 00:25:09,520 Speaker 2: paid off that. He didn't believe me, and I sent 540 00:25:09,640 --> 00:25:12,000 Speaker 2: him pictures of it. I said, yeah, Look, we lived 541 00:25:12,000 --> 00:25:14,040 Speaker 2: in this fifth wheel trailer for two years while we 542 00:25:14,080 --> 00:25:16,440 Speaker 2: paid off our debt. Now I was fortunate we could 543 00:25:16,440 --> 00:25:20,639 Speaker 2: stay at the My family has a few acres, and 544 00:25:20,680 --> 00:25:23,160 Speaker 2: we were able to basically build ourselves our own pad 545 00:25:23,400 --> 00:25:25,320 Speaker 2: and live there, you know, without having to pay a 546 00:25:25,359 --> 00:25:29,240 Speaker 2: monthly fee, which is very helpful. But by golly, we 547 00:25:29,280 --> 00:25:34,320 Speaker 2: lived in a three hundred square foot trailer for two years, 548 00:25:34,359 --> 00:25:36,760 Speaker 2: my wife and I did, because we made all those 549 00:25:36,800 --> 00:25:40,399 Speaker 2: mistakes along the way. So the other one that you 550 00:25:40,400 --> 00:25:42,280 Speaker 2: gotta be careful of this buy now pay later is 551 00:25:44,480 --> 00:25:47,240 Speaker 2: it's catching a lot of people, and they're putting the 552 00:25:47,240 --> 00:25:49,320 Speaker 2: goofiest things on there too. When you're when you're putting 553 00:25:49,320 --> 00:25:52,359 Speaker 2: burritos on your buying now pay later, that is not 554 00:25:52,520 --> 00:25:56,520 Speaker 2: a great plan. Just if you're using Klarna to buy 555 00:25:56,560 --> 00:26:00,960 Speaker 2: your takeout, not a good indication that things are going. 556 00:26:00,760 --> 00:26:01,280 Speaker 3: Well for you. 557 00:26:01,440 --> 00:26:03,720 Speaker 6: Is that a gen Z thing exclusively? 558 00:26:04,359 --> 00:26:06,439 Speaker 2: I don't think it's exclusive, but I think it's I 559 00:26:06,440 --> 00:26:10,000 Speaker 2: think they're may be more familiar with using Klarna back 560 00:26:10,040 --> 00:26:11,160 Speaker 2: in back in our day. 561 00:26:11,400 --> 00:26:13,400 Speaker 3: Oh, we had kmart lay. 562 00:26:13,320 --> 00:26:17,080 Speaker 2: Away, you know, where you could and I never really 563 00:26:17,119 --> 00:26:19,160 Speaker 2: understood it lay away either other than making sure somebody 564 00:26:19,160 --> 00:26:23,639 Speaker 2: else didn't buy it. But basically, if you're unfamiliar, you 565 00:26:23,720 --> 00:26:25,840 Speaker 2: found something you wanted at Kmart, you took it back 566 00:26:25,840 --> 00:26:27,639 Speaker 2: at the layway desk, They put it on a shelf 567 00:26:27,640 --> 00:26:29,040 Speaker 2: in the back, and then you made payments on it. 568 00:26:29,080 --> 00:26:31,639 Speaker 2: Once it was paid off, you left right then it 569 00:26:31,720 --> 00:26:36,680 Speaker 2: was yours, which is actually way more responsible than using 570 00:26:36,680 --> 00:26:39,840 Speaker 2: credit cards because you know they're at I think they 571 00:26:39,920 --> 00:26:40,920 Speaker 2: charge you a layway fee. 572 00:26:40,960 --> 00:26:42,679 Speaker 3: Do you remember Mark? Did they charge they charge a 573 00:26:42,720 --> 00:26:43,359 Speaker 3: layway fee? 574 00:26:43,440 --> 00:26:45,320 Speaker 4: Right, I'm sure some places did, But I don't think 575 00:26:45,359 --> 00:26:46,800 Speaker 4: it's a gen X thing so much as it is 576 00:26:46,840 --> 00:26:49,400 Speaker 4: a crappy economy thing, because we're reading more and more 577 00:26:49,680 --> 00:26:52,439 Speaker 4: about people just having to put groceries on their credit 578 00:26:52,440 --> 00:26:53,520 Speaker 4: cards to make it. 579 00:26:53,760 --> 00:26:57,000 Speaker 3: And I hear that right to Mike. 580 00:26:58,200 --> 00:27:00,640 Speaker 2: But there's a difference between I have to have groceries 581 00:27:00,640 --> 00:27:04,159 Speaker 2: and I'm putting out of my credit card versus I 582 00:27:04,160 --> 00:27:07,520 Speaker 2: can use buy now, pay later to order my Chinese takeout. 583 00:27:07,760 --> 00:27:11,600 Speaker 2: You know, Chinese takeout is not necessary. Groceries are, so 584 00:27:12,400 --> 00:27:13,920 Speaker 2: I don't know. I don't know if gen Z's using 585 00:27:13,920 --> 00:27:17,000 Speaker 2: it more than others are. If they are, I think 586 00:27:17,000 --> 00:27:20,080 Speaker 2: it's probably has more to do with familiarity and maybe 587 00:27:20,119 --> 00:27:26,120 Speaker 2: impulse control, because every generation has had things where they've gone. 588 00:27:26,240 --> 00:27:29,720 Speaker 3: You know, I shouldn't be doing that. I put groceries 589 00:27:29,760 --> 00:27:30,720 Speaker 3: on my credit card. 590 00:27:30,760 --> 00:27:34,879 Speaker 2: Really, and I pay them off though I'm the person 591 00:27:34,920 --> 00:27:37,800 Speaker 2: that makes everything so expensive because I want my airline miles. 592 00:27:38,200 --> 00:27:40,199 Speaker 4: Oh well, yeah, okay, I do the same thing as you. 593 00:27:40,359 --> 00:27:42,200 Speaker 4: I pay off my credit card at the end of 594 00:27:42,240 --> 00:27:45,879 Speaker 4: every single month. Yeah, to the shock and surprise of 595 00:27:46,320 --> 00:27:48,560 Speaker 4: the teller at the credit union, because. 596 00:27:48,640 --> 00:27:51,959 Speaker 3: It's well, yeah, exactly. 597 00:27:52,119 --> 00:27:54,400 Speaker 4: They'll tell me what the minimum payment is, and when 598 00:27:54,400 --> 00:27:55,920 Speaker 4: I say, well, just tell me the balance and I'll 599 00:27:55,920 --> 00:27:59,960 Speaker 4: pay that, they like I've just presented them with pluton, 600 00:28:01,920 --> 00:28:05,600 Speaker 4: And so that's that's always good. But it's also kind 601 00:28:05,640 --> 00:28:07,760 Speaker 4: of watch list somewhere. It's good for your credit to 602 00:28:07,800 --> 00:28:08,600 Speaker 4: do that as well. 603 00:28:08,960 --> 00:28:13,040 Speaker 2: Yeah, yeah, so yeah, I mean I use it. I 604 00:28:13,160 --> 00:28:15,679 Speaker 2: use it instead of cash, although studies show that when 605 00:28:15,680 --> 00:28:18,320 Speaker 2: you do, they end up spending more money than you 606 00:28:18,359 --> 00:28:22,199 Speaker 2: intended to. So you think maybe having a dozens of 607 00:28:22,200 --> 00:28:25,360 Speaker 2: credit cards as irresponsible. Mark and I and me talking 608 00:28:25,359 --> 00:28:28,240 Speaker 2: about getting my airline miles. Some people are treating the 609 00:28:28,280 --> 00:28:31,280 Speaker 2: whole credit card hustle like a whole business, and they 610 00:28:31,280 --> 00:28:34,480 Speaker 2: earn thousands by opening and the closing the plastic accounts. 611 00:28:34,800 --> 00:28:38,600 Speaker 2: The side hustle is literally their wallets. How they're doing 612 00:28:38,640 --> 00:28:41,440 Speaker 2: it and whether or not you want to dip your 613 00:28:41,440 --> 00:28:43,520 Speaker 2: toe in these waters is next, Chris Merrill. 614 00:28:45,320 --> 00:28:52,640 Speaker 1: You're listening to KFI AM six forty on demand. 615 00:28:54,680 --> 00:28:56,600 Speaker 2: So I've always been tempted to do this, and I've 616 00:28:56,600 --> 00:28:59,360 Speaker 2: never actually been willing to play with fire. 617 00:29:01,080 --> 00:29:03,120 Speaker 3: Enough to I just don't have the I don't have 618 00:29:03,160 --> 00:29:04,280 Speaker 3: the gonads to do it. 619 00:29:04,960 --> 00:29:07,320 Speaker 2: Have you heard of churning when it comes to credit cards, 620 00:29:07,480 --> 00:29:11,560 Speaker 2: churning shirt churning sounds like somebody with a speech impediment 621 00:29:11,600 --> 00:29:16,480 Speaker 2: trying to say turning, but it's churning. Churners open is 622 00:29:16,520 --> 00:29:20,720 Speaker 2: in like they're yeah, it churns okay. Churners open numerous 623 00:29:20,720 --> 00:29:23,280 Speaker 2: credit card accounts in a short span to collect welcome 624 00:29:23,320 --> 00:29:25,760 Speaker 2: bonuses like cash back, miles or points, and then they 625 00:29:25,800 --> 00:29:29,600 Speaker 2: cancel a downgrade before the annual fees start to apply. 626 00:29:30,640 --> 00:29:32,440 Speaker 2: So you may get a credit card offer. For instance, 627 00:29:32,480 --> 00:29:34,200 Speaker 2: I told you I like to say my airline miles. 628 00:29:34,680 --> 00:29:36,120 Speaker 2: You may get a credit card offer. This is if 629 00:29:36,160 --> 00:29:38,560 Speaker 2: you spend three thousand dollars in the first three months, 630 00:29:39,000 --> 00:29:43,520 Speaker 2: then you'll get one hundred thousand airline miles. And so 631 00:29:43,760 --> 00:29:48,400 Speaker 2: somebody takes that card, They open the card, they buy 632 00:29:48,480 --> 00:29:52,440 Speaker 2: their normal everyday stuff on that card, and then uh, 633 00:29:52,680 --> 00:29:54,880 Speaker 2: they get their airline miles. Then they cancel the card 634 00:29:55,040 --> 00:29:57,040 Speaker 2: before they have before a year rolls around, they have 635 00:29:57,080 --> 00:30:01,040 Speaker 2: to pay the annual fee. For some people, they go 636 00:30:01,280 --> 00:30:06,800 Speaker 2: crazy and they open dozens. In some cases they say 637 00:30:06,800 --> 00:30:08,880 Speaker 2: they make a couple grand. They had a couple grand 638 00:30:08,880 --> 00:30:10,720 Speaker 2: in a year just opening this card with these different 639 00:30:10,760 --> 00:30:12,800 Speaker 2: cash back things. 640 00:30:12,960 --> 00:30:15,080 Speaker 3: Or miles or whatever it was. 641 00:30:15,840 --> 00:30:18,360 Speaker 2: And so some people are they're looking at this almost 642 00:30:18,480 --> 00:30:22,520 Speaker 2: like those those extreme couponers. Do you know what I'm 643 00:30:22,520 --> 00:30:25,360 Speaker 2: talking about with the extreme couponnors, where they they somehow 644 00:30:25,360 --> 00:30:27,000 Speaker 2: they go they go to the grocery store and they've 645 00:30:27,040 --> 00:30:28,800 Speaker 2: got six hundred dollars worth of groceries and it ends 646 00:30:28,880 --> 00:30:30,880 Speaker 2: up costing them like eight dollars. 647 00:30:30,960 --> 00:30:34,800 Speaker 3: That's ambitious. I don't know how they have the time 648 00:30:35,160 --> 00:30:35,680 Speaker 3: to do that. 649 00:30:35,720 --> 00:30:38,520 Speaker 2: I mean, I'm impressed by the organizational skills. 650 00:30:38,520 --> 00:30:39,520 Speaker 3: I'm impressed by what they do. 651 00:30:39,560 --> 00:30:42,640 Speaker 2: But they have to buy massive quantities of some of 652 00:30:42,640 --> 00:30:45,200 Speaker 2: these things, and they have to have entire rooms dedicated 653 00:30:45,240 --> 00:30:48,480 Speaker 2: to holding all the different supplies. But they if they 654 00:30:48,480 --> 00:30:50,000 Speaker 2: do it, they do it right, and then they end 655 00:30:50,080 --> 00:30:52,720 Speaker 2: up getting their their groceries or whatever their goods are 656 00:30:53,280 --> 00:30:54,000 Speaker 2: for next to nothing. 657 00:30:54,040 --> 00:30:56,520 Speaker 3: I'm amazed by it. It takes so. 658 00:30:56,640 --> 00:30:59,160 Speaker 2: Much time and focus, and I think that's where you're 659 00:30:59,160 --> 00:31:03,760 Speaker 2: playing with fire. If something slips through all of a sudden, damn, 660 00:31:03,840 --> 00:31:07,840 Speaker 2: you are getting slammed with annual fees. You're getting slammed 661 00:31:07,840 --> 00:31:10,640 Speaker 2: with interest on the money that you spent in order 662 00:31:10,680 --> 00:31:13,920 Speaker 2: to get your bonus. That's why the credit card companies 663 00:31:13,920 --> 00:31:15,600 Speaker 2: offer it in the first place is because they figure 664 00:31:15,640 --> 00:31:17,000 Speaker 2: they're going to make more money on you in the 665 00:31:17,000 --> 00:31:17,520 Speaker 2: long run. 666 00:31:18,320 --> 00:31:20,680 Speaker 3: And even if you even if you are paying things. 667 00:31:20,440 --> 00:31:22,640 Speaker 2: Off every month, like Mark and I talk about doing, 668 00:31:23,120 --> 00:31:25,720 Speaker 2: and the world is still amazed Mark does it, they're 669 00:31:25,760 --> 00:31:28,080 Speaker 2: still making money on your transactions, so they want to 670 00:31:28,160 --> 00:31:30,160 Speaker 2: encourage you to use that card. Then they make money 671 00:31:30,200 --> 00:31:33,760 Speaker 2: from the retailer on the transactions. The people that are 672 00:31:33,760 --> 00:31:37,240 Speaker 2: taking advantage of the system, however, are starting to catch 673 00:31:37,280 --> 00:31:41,680 Speaker 2: the ire of the credit card companies, and so a 674 00:31:41,760 --> 00:31:44,240 Speaker 2: number of banks, credit card companies, the banks, the lenders, 675 00:31:44,920 --> 00:31:48,840 Speaker 2: they're putting forth the five twenty four rule, so it 676 00:31:48,960 --> 00:31:52,000 Speaker 2: basically will reject you if you've opened five or more 677 00:31:52,000 --> 00:31:57,120 Speaker 2: credit cards in the last two years. Some people say, well, 678 00:31:57,120 --> 00:31:58,600 Speaker 2: you don't want to do that, because if you every 679 00:31:58,600 --> 00:32:00,320 Speaker 2: time you open a card, it's going to be a 680 00:32:00,360 --> 00:32:02,120 Speaker 2: hard credit check on you. 681 00:32:02,200 --> 00:32:04,040 Speaker 3: And if it does a hard credit check, then it's 682 00:32:04,040 --> 00:32:05,920 Speaker 3: going to lower your your. 683 00:32:07,080 --> 00:32:10,080 Speaker 2: Your credit rating, and it's gonna decrease your average age, 684 00:32:10,480 --> 00:32:13,840 Speaker 2: and that would reduce your credit score. The thing is 685 00:32:13,840 --> 00:32:16,240 Speaker 2: is that those are weighted so lightly when it comes 686 00:32:16,280 --> 00:32:19,560 Speaker 2: to credit scores by something that's weighted very hard is 687 00:32:20,280 --> 00:32:23,400 Speaker 2: your debt usage. So if you open a bunch of 688 00:32:23,400 --> 00:32:26,200 Speaker 2: credit cards and they're all at five thousand dollars, let's 689 00:32:26,200 --> 00:32:28,440 Speaker 2: say you open ten credit cards at five thousand dollars, 690 00:32:28,520 --> 00:32:33,320 Speaker 2: that's fifty thousand dollars in available credit that you're not using. 691 00:32:34,080 --> 00:32:37,680 Speaker 2: So now your credit usage number is so incredibly low. 692 00:32:37,840 --> 00:32:41,440 Speaker 2: It really offsets largely the hard inquiries and then the 693 00:32:41,600 --> 00:32:44,000 Speaker 2: average age of your credit. So they're saying, well, it 694 00:32:44,000 --> 00:32:46,720 Speaker 2: doesn't actually hurt that doesn't actually hurt me. But I'm 695 00:32:46,760 --> 00:32:51,600 Speaker 2: making so much in my miles, my bonuses, my free vacations, 696 00:32:51,640 --> 00:32:54,800 Speaker 2: whatever else it is. I'm just not willing to I 697 00:32:54,840 --> 00:32:57,040 Speaker 2: am not willing to take the risk. For some people, 698 00:32:57,040 --> 00:32:58,960 Speaker 2: they just do it because they like the thrill. They're like, ah, 699 00:32:59,000 --> 00:33:02,880 Speaker 2: I beat the system. Okay, congratulations, you beat the system. 700 00:33:03,440 --> 00:33:08,880 Speaker 2: Nobody cares it is. It is absolutely a win in 701 00:33:08,920 --> 00:33:13,640 Speaker 2: your own mind. You didn't somehow find a hack that 702 00:33:13,840 --> 00:33:17,840 Speaker 2: makes you the all powerful credit card churner. You can't 703 00:33:17,920 --> 00:33:20,080 Speaker 2: quit your day job. It's not paying for your retirement, 704 00:33:20,200 --> 00:33:23,800 Speaker 2: so to me, just not worth the effort. But look, 705 00:33:23,840 --> 00:33:25,280 Speaker 2: if that's what you want to do with your free time, 706 00:33:25,320 --> 00:33:27,840 Speaker 2: you do whatever you want. We all do things with 707 00:33:27,840 --> 00:33:29,840 Speaker 2: our free time other people wouldn't do. If that's your thing, 708 00:33:30,000 --> 00:33:33,240 Speaker 2: do your thing to me. Not worth my time, That's 709 00:33:33,320 --> 00:33:35,880 Speaker 2: not worth it. The Supreme Court heard something today that 710 00:33:35,920 --> 00:33:40,920 Speaker 2: I think is really fascinating, largely because it could mean 711 00:33:41,000 --> 00:33:46,560 Speaker 2: the end of the Internet. I'm not really exaggerating too much. 712 00:33:47,080 --> 00:33:50,440 Speaker 2: Maybe a little, maybe a little. Your Internet bill at 713 00:33:50,440 --> 00:33:52,920 Speaker 2: the very least could continue to climb as a result 714 00:33:52,960 --> 00:33:55,840 Speaker 2: of what the Supreme Court heard today if they rule 715 00:33:55,880 --> 00:33:58,840 Speaker 2: in a different way. However, if you're an artist, you 716 00:33:58,880 --> 00:34:00,520 Speaker 2: may be willing to make that sack fight of other 717 00:34:00,520 --> 00:34:05,120 Speaker 2: people's bills. What it is that could cost billions is 718 00:34:05,520 --> 00:34:07,400 Speaker 2: very drama loaded. It's next 719 00:34:09,719 --> 00:34:12,280 Speaker 1: KFI a M six forty on demand