1 00:00:00,240 --> 00:00:04,680 Speaker 1: From UFOs to psychic powers and government conspiracies. History is 2 00:00:04,760 --> 00:00:09,080 Speaker 1: riddled with unexplained events. You can turn back now or 3 00:00:09,200 --> 00:00:12,079 Speaker 1: learn the stuff they don't want you to know. A 4 00:00:12,200 --> 00:00:25,200 Speaker 1: production of I Heart Radio. Hello, and welcome back to 5 00:00:25,239 --> 00:00:27,680 Speaker 1: the show. My name is Matt, my name is They 6 00:00:27,720 --> 00:00:30,440 Speaker 1: called me Ben. We're joined as always with our super 7 00:00:30,480 --> 00:00:34,559 Speaker 1: producer Alexi's code name, Doc Holiday Jackson. Most importantly, you 8 00:00:34,640 --> 00:00:37,800 Speaker 1: are you. You are here, and that makes this stuff 9 00:00:37,840 --> 00:00:40,400 Speaker 1: they don't want you to know. It's the top of 10 00:00:40,440 --> 00:00:45,640 Speaker 1: the week, which means it is time for some strange news. Uh. 11 00:00:45,680 --> 00:00:48,920 Speaker 1: You know, every time we're preparing for this, we sift 12 00:00:49,120 --> 00:00:53,840 Speaker 1: through dozens or in some cases, hundreds of weird stories 13 00:00:53,920 --> 00:00:57,000 Speaker 1: that you may not have heard, uh, and they take 14 00:00:57,120 --> 00:01:01,200 Speaker 1: us to some strange places. We're going to talk talk about, uh, 15 00:01:01,360 --> 00:01:04,759 Speaker 1: possible flashpoint for World War three. We're going to talk 16 00:01:04,800 --> 00:01:09,600 Speaker 1: about the crushing issue of debt. We're also going to 17 00:01:10,160 --> 00:01:14,200 Speaker 1: get down with cocaine and submarines. Uh. These are all 18 00:01:14,319 --> 00:01:19,000 Speaker 1: three true things. I'm wondering where we would like to 19 00:01:19,319 --> 00:01:23,080 Speaker 1: start today. Do you guys, do you guys feel like 20 00:01:23,120 --> 00:01:26,200 Speaker 1: a crime story? I love a good crime story. You know, 21 00:01:26,280 --> 00:01:29,039 Speaker 1: my mom calls those she calls him crimm ease because 22 00:01:29,080 --> 00:01:31,040 Speaker 1: we lived in Germany for a while. She said, like, 23 00:01:31,120 --> 00:01:34,559 Speaker 1: I gotta, I gotta watch my crimm e's. Well we will, 24 00:01:34,920 --> 00:01:42,080 Speaker 1: we will not disappoint with this creamy crimmy in the mornings. 25 00:01:42,280 --> 00:01:45,440 Speaker 1: Here we go. So, uh, let's begin by introducing you 26 00:01:45,480 --> 00:01:50,000 Speaker 1: to a character named Marty Timbots. Marty Tibbots, he is 27 00:01:50,040 --> 00:01:54,320 Speaker 1: there was the CEO of a thing called Clementine Live 28 00:01:54,520 --> 00:01:58,920 Speaker 1: Answering Service. Now, what in the heck is that you 29 00:01:59,000 --> 00:02:02,160 Speaker 1: might ask? And answering service? I haven't used one of 30 00:02:02,200 --> 00:02:05,400 Speaker 1: those in years? What is that? Well, it is it's 31 00:02:05,400 --> 00:02:10,320 Speaker 1: a company that specializes in assisting other companies in taking 32 00:02:10,320 --> 00:02:13,200 Speaker 1: in phone calls, making sure those phone calls go to 33 00:02:13,240 --> 00:02:17,799 Speaker 1: the right people, responding to some with a staff of 34 00:02:17,800 --> 00:02:21,639 Speaker 1: of people, or just you know, kind of just organizing 35 00:02:21,680 --> 00:02:23,840 Speaker 1: those messages and like I said, sending them to the 36 00:02:23,919 --> 00:02:28,680 Speaker 1: right place. It seems to be a fairly functional business 37 00:02:28,880 --> 00:02:32,360 Speaker 1: and makes quite a bit of money. Because Mr Marty Tibbots, 38 00:02:32,400 --> 00:02:36,799 Speaker 1: who was the CEO of Clementine Live Answering Service, lived 39 00:02:36,840 --> 00:02:42,040 Speaker 1: in a home that was worth six point four million dollars. 40 00:02:43,200 --> 00:02:48,240 Speaker 1: Uh okay, right, who knows what Mr Tibbots did in 41 00:02:48,280 --> 00:02:50,360 Speaker 1: the rest of his life to get enough money to 42 00:02:50,400 --> 00:02:53,520 Speaker 1: afford a home like that. But my goodness, that is lovely. 43 00:02:53,919 --> 00:02:57,519 Speaker 1: And can you imagine just the costs of the staff 44 00:02:57,560 --> 00:02:59,120 Speaker 1: that you would need to run a home that's worth 45 00:02:59,160 --> 00:03:02,959 Speaker 1: six point four million dollars? Good God. Well, the reason 46 00:03:03,000 --> 00:03:05,640 Speaker 1: why we're talking about him today, it's because he is 47 00:03:05,720 --> 00:03:10,320 Speaker 1: also known as Dale Johnson. He's got an A KA 48 00:03:10,600 --> 00:03:13,440 Speaker 1: to his name. Now, why would a CEO of a 49 00:03:13,440 --> 00:03:16,680 Speaker 1: tech company have an A K A like that? I 50 00:03:16,720 --> 00:03:19,240 Speaker 1: love a ceo with an K A. Matt cool to 51 00:03:19,320 --> 00:03:21,799 Speaker 1: have him. I think everybody should have some a k A. 52 00:03:22,000 --> 00:03:25,760 Speaker 1: S as alys ces. Yeah, I mean why stick with 53 00:03:25,919 --> 00:03:29,040 Speaker 1: why stick with one name? Science says you're only here 54 00:03:29,120 --> 00:03:31,880 Speaker 1: one time, which you can he always know that today 55 00:03:32,000 --> 00:03:33,840 Speaker 1: was a good day because you didn't even have to 56 00:03:33,919 --> 00:03:36,640 Speaker 1: use your A k A. Well, I guess that's true. Yeah. 57 00:03:37,000 --> 00:03:40,160 Speaker 1: Having an alternate persona is very common to us now. 58 00:03:40,360 --> 00:03:43,160 Speaker 1: Many of us have them for online purposes, right, for 59 00:03:43,280 --> 00:03:46,760 Speaker 1: existing on the internet, for existing on social media. Uh, 60 00:03:46,800 --> 00:03:50,160 Speaker 1: that's cool, that's a thing. But to have to have 61 00:03:50,440 --> 00:03:54,760 Speaker 1: a what is described by The Daily Beast as a 62 00:03:54,840 --> 00:03:58,800 Speaker 1: generic code name, it's a little different, right, It's a 63 00:03:58,840 --> 00:04:02,480 Speaker 1: little different. So why would he have this. Well, according 64 00:04:02,560 --> 00:04:07,680 Speaker 1: to prosecutors who are dealing with several issues in the 65 00:04:07,760 --> 00:04:13,400 Speaker 1: world of drug trafficking, say that this person, Marty Tibbots, 66 00:04:13,840 --> 00:04:19,400 Speaker 1: was also a drug trafficker. He was providing money and 67 00:04:19,480 --> 00:04:25,159 Speaker 1: funding operations for a global drug trafficking ring. That's that's 68 00:04:25,160 --> 00:04:30,760 Speaker 1: according to prosecutors. Um And Oh another thing you know 69 00:04:30,760 --> 00:04:33,680 Speaker 1: about Marty Tibbots, He was a very big aviation buff. 70 00:04:34,120 --> 00:04:38,440 Speaker 1: He started a museum called the World Heritage Aviation Museum 71 00:04:38,560 --> 00:04:42,839 Speaker 1: in Detroit, Michigan, and it has now been shuttered. But 72 00:04:43,040 --> 00:04:45,720 Speaker 1: he started this thing that had all kinds of vintage 73 00:04:45,760 --> 00:04:51,000 Speaker 1: fighter jets, vintage planes, other vintage flying machines that were there. 74 00:04:51,080 --> 00:04:53,159 Speaker 1: He was very fascinated by it. And he was also 75 00:04:53,440 --> 00:04:57,440 Speaker 1: a pilot. He was able to fly several of these things. 76 00:04:57,480 --> 00:05:02,240 Speaker 1: And on occasion he would fly vintage jets like actual 77 00:05:02,320 --> 00:05:08,760 Speaker 1: old jets. And on one occasion in he was flying 78 00:05:09,040 --> 00:05:13,600 Speaker 1: a fighter jet and older fighter jet and this plane, 79 00:05:13,720 --> 00:05:17,520 Speaker 1: for for one reason or another, went down it knows, 80 00:05:17,640 --> 00:05:25,520 Speaker 1: dived into a barn somewhere in Wisconsin and he was killed. 81 00:05:26,200 --> 00:05:28,800 Speaker 1: The cows. Leave the cows out of it. There was 82 00:05:29,320 --> 00:05:38,880 Speaker 1: definitely collateral. Sorry, sorry, guys um. So that that's you know, tragic. 83 00:05:38,880 --> 00:05:42,640 Speaker 1: A man dies doing what he loves, flying one of 84 00:05:42,640 --> 00:05:45,880 Speaker 1: these fighter jets um. And not a lot was known 85 00:05:46,000 --> 00:05:49,480 Speaker 1: about Mr Tibbots and his actions are his alleged actions 86 00:05:49,800 --> 00:05:54,680 Speaker 1: until until the public was made aware of another person 87 00:05:54,839 --> 00:06:00,400 Speaker 1: he really did, Donnie, who was identified as physically running 88 00:06:00,520 --> 00:06:04,360 Speaker 1: operations of this drug trafficking ring. So someone who was 89 00:06:04,400 --> 00:06:09,200 Speaker 1: a little more hands on than perhaps Marty was, because 90 00:06:09,279 --> 00:06:14,040 Speaker 1: you see, it appears that Marty was very much, very 91 00:06:14,120 --> 00:06:18,800 Speaker 1: much a a money cleaner, somebody who would transfer money 92 00:06:18,839 --> 00:06:21,960 Speaker 1: safely for this group of people, somebody who was able 93 00:06:22,000 --> 00:06:27,640 Speaker 1: to provide funds when necessary. This is a very strange story, 94 00:06:27,800 --> 00:06:33,359 Speaker 1: especially because everyone who knew Marty Tibbots, at least according 95 00:06:33,400 --> 00:06:35,719 Speaker 1: to people who have been interviewed, according to official statements 96 00:06:35,720 --> 00:06:39,400 Speaker 1: that have been put out publicly, had no idea that 97 00:06:39,440 --> 00:06:42,520 Speaker 1: Marty had anything to do with this organization or with 98 00:06:42,640 --> 00:06:46,920 Speaker 1: this kind of organized crime people the next mansion over, 99 00:06:47,400 --> 00:06:51,279 Speaker 1: or like. He was such a nice tycoon, you know 100 00:06:51,320 --> 00:06:53,880 Speaker 1: what I mean, he did. He had all the cool 101 00:06:53,920 --> 00:06:58,120 Speaker 1: tycoon hobbies he was. He was a neat guy kind 102 00:06:58,120 --> 00:07:00,120 Speaker 1: of guy you could sort of set your watch to, 103 00:07:00,520 --> 00:07:02,200 Speaker 1: you know what I mean, and you know, and he 104 00:07:02,279 --> 00:07:05,000 Speaker 1: wasn't too ostentatious. His yacht was just right, just the 105 00:07:05,080 --> 00:07:08,800 Speaker 1: right size, which is is interesting because you know, that's 106 00:07:08,800 --> 00:07:11,280 Speaker 1: how you get away with this stuff for a while. 107 00:07:11,680 --> 00:07:15,239 Speaker 1: You don't you you are not flashy and as weird 108 00:07:15,280 --> 00:07:18,840 Speaker 1: as it sounds to say, this guy recreationally flies planes. 109 00:07:19,040 --> 00:07:24,720 Speaker 1: This guy owns an opulent, an opulent mansion that's still 110 00:07:24,760 --> 00:07:31,040 Speaker 1: not particularly flashy in his income bracket. Very true. He's 111 00:07:31,040 --> 00:07:34,120 Speaker 1: a CEO. He makes some good bucks, gets those big bonuses, 112 00:07:34,720 --> 00:07:37,160 Speaker 1: and he's doing what he's doing what he can to 113 00:07:37,320 --> 00:07:41,000 Speaker 1: keep I'm sure keep that money making money, right, that's 114 00:07:41,040 --> 00:07:44,240 Speaker 1: what that's what the wealthy do. By the way, this 115 00:07:44,360 --> 00:07:48,280 Speaker 1: is this is in Michigan. I'm trying to pull up 116 00:07:48,280 --> 00:07:50,400 Speaker 1: my Google earth link, but it's so mad that we're 117 00:07:50,400 --> 00:07:53,800 Speaker 1: doing a zoom call right now. You guys, I was 118 00:07:53,800 --> 00:07:56,680 Speaker 1: gonna tell you about the area. It's called Gross Point, Michigan. 119 00:07:57,440 --> 00:08:00,600 Speaker 1: It's a lovely area. There is not a house on 120 00:08:00,680 --> 00:08:04,320 Speaker 1: the shoreline here in the area where where Mr Tibbotts 121 00:08:04,360 --> 00:08:07,360 Speaker 1: lived that doesn't look like it's upwards of five million dollars, 122 00:08:07,800 --> 00:08:11,680 Speaker 1: if not twelve. Uh, it's ridiculous. Check it out. Gross 123 00:08:11,720 --> 00:08:16,200 Speaker 1: Point Park, Michigan. There's gross Point Michigan. Gross Point Park, Michigan. 124 00:08:16,680 --> 00:08:20,200 Speaker 1: I believe he was in the park area. Yeah, this is, 125 00:08:20,240 --> 00:08:23,640 Speaker 1: like to think of it, kind of like a wealthy 126 00:08:23,720 --> 00:08:27,920 Speaker 1: suburb of Detroit. It borders Detroit. It's kind of its 127 00:08:27,960 --> 00:08:31,840 Speaker 1: own thing. But a lot of the movers and shakers 128 00:08:32,160 --> 00:08:37,319 Speaker 1: in Detroit particularly will live in gross Point Party. It's 129 00:08:37,400 --> 00:08:42,440 Speaker 1: the buckhead of the area. I don't know where it 130 00:08:42,440 --> 00:08:44,400 Speaker 1: could be. The John's Creek is how where the movie 131 00:08:44,440 --> 00:08:49,480 Speaker 1: gross point blank takes place where Uh Timothy what's his name? 132 00:08:49,520 --> 00:08:51,920 Speaker 1: Not Timothy Dalton. He was in Beautiful Girls anyway. He 133 00:08:51,960 --> 00:08:54,520 Speaker 1: was kind of an America sweetheart actor and he plays 134 00:08:54,559 --> 00:08:57,200 Speaker 1: like in a No, it's John Cusack gross point blank. 135 00:08:57,240 --> 00:08:58,959 Speaker 1: He's like an assassin and he's going back to his 136 00:08:59,040 --> 00:09:02,680 Speaker 1: high school reunion and gross Point, Michigan. I believe. Wow, 137 00:09:02,720 --> 00:09:06,360 Speaker 1: that's cool. I did not know that. Uh, I'm it's 138 00:09:06,400 --> 00:09:08,400 Speaker 1: gonna make me want to rewatch that just to look 139 00:09:08,400 --> 00:09:11,280 Speaker 1: at the area. So let's let's talk about a couple 140 00:09:11,320 --> 00:09:14,080 Speaker 1: of the things that are alleged here that Marty was doing, 141 00:09:14,080 --> 00:09:16,000 Speaker 1: because one of them is really weird. You heard been 142 00:09:16,120 --> 00:09:20,000 Speaker 1: mentioned submarines at the top of this episode. Well, let's 143 00:09:20,080 --> 00:09:23,960 Speaker 1: we'll get you there, but first let's talk about, uh, 144 00:09:24,000 --> 00:09:30,160 Speaker 1: the the investigation that details really activities that start in 145 00:09:31,720 --> 00:09:35,720 Speaker 1: so In Marty has said to have issued a check 146 00:09:35,800 --> 00:09:39,760 Speaker 1: for eight hundred and sixty four thousand dollars. This went allegedly, 147 00:09:39,760 --> 00:09:44,760 Speaker 1: according to them, directly to the cartel, which UM authorities 148 00:09:44,800 --> 00:09:47,559 Speaker 1: think was it ended up getting cash at some kind 149 00:09:47,679 --> 00:09:51,960 Speaker 1: of cash exchange business like a pawn shop gold you know, 150 00:09:52,520 --> 00:09:57,640 Speaker 1: we buy gold kind of exchange. UM. Then he apparently 151 00:09:57,760 --> 00:10:00,800 Speaker 1: was in Washington, d C. And personally gave a three 152 00:10:00,960 --> 00:10:06,520 Speaker 1: hundred fifty dollars two di Donni. This other person you'll 153 00:10:06,520 --> 00:10:09,520 Speaker 1: need to Donny, he just like flew in, gave him 154 00:10:09,640 --> 00:10:13,560 Speaker 1: three k and then got out. And according to them, 155 00:10:13,640 --> 00:10:17,520 Speaker 1: he provided the cartel over one point eight million in 156 00:10:17,520 --> 00:10:19,760 Speaker 1: in cash and I guess assets of some sort, but 157 00:10:19,840 --> 00:10:24,440 Speaker 1: probably dealing with easily movable money like cash. UM. The 158 00:10:24,520 --> 00:10:28,880 Speaker 1: other thing that Timbots was doing for Didnni or as 159 00:10:28,960 --> 00:10:32,000 Speaker 1: almost an R and D project that they had going on. 160 00:10:32,679 --> 00:10:36,079 Speaker 1: They were devising a submarine or they wanted to come 161 00:10:36,160 --> 00:10:41,000 Speaker 1: up with a submarine, small remote controlled submersible that would 162 00:10:41,000 --> 00:10:44,359 Speaker 1: be able to be filled with cash and or cocaine, 163 00:10:44,480 --> 00:10:48,920 Speaker 1: probably both, and then make its way underneath the water 164 00:10:49,800 --> 00:10:53,520 Speaker 1: and have magnets on it where it could attach itself 165 00:10:53,880 --> 00:10:58,199 Speaker 1: to another ship, probably a shipping vessel, and then travel 166 00:10:58,240 --> 00:11:01,760 Speaker 1: with that shipping vessel under ten acted across the world 167 00:11:02,520 --> 00:11:06,320 Speaker 1: and land in another country in a customs area, probably 168 00:11:06,480 --> 00:11:09,840 Speaker 1: right before they get into a customs area, detached itself, 169 00:11:10,080 --> 00:11:12,320 Speaker 1: and then a fishing vessel or some other you know, 170 00:11:12,400 --> 00:11:16,199 Speaker 1: private vessel could come out and pick the thing up. Uh. 171 00:11:16,240 --> 00:11:19,079 Speaker 1: They were. They were developing this with a third party company. 172 00:11:19,120 --> 00:11:22,719 Speaker 1: Allegedly they paid twelve thousand dollars to just get it 173 00:11:22,800 --> 00:11:28,000 Speaker 1: up and running. But then unfortunately Marty Tibbots died in 174 00:11:28,040 --> 00:11:32,920 Speaker 1: that plane crash and they scrapped that concept. And also 175 00:11:33,120 --> 00:11:37,240 Speaker 1: allegedly with Marty gone, you'll need to Donnie had serious 176 00:11:37,280 --> 00:11:41,800 Speaker 1: issues keeping his h the organization together, you know, making 177 00:11:41,840 --> 00:11:45,320 Speaker 1: these transactions occur, getting funding that was needed to make 178 00:11:45,320 --> 00:11:49,960 Speaker 1: the transactions occur, and everything started falling apart, and that's 179 00:11:49,960 --> 00:11:52,840 Speaker 1: when authorities were able to come in and start working 180 00:11:52,840 --> 00:11:55,600 Speaker 1: on to Donni and eventually they arrested him this year. 181 00:11:55,840 --> 00:11:58,360 Speaker 1: And just to be clear, there's nothing fishy about the 182 00:11:58,400 --> 00:12:02,600 Speaker 1: plane crash at this time at least yes, at this time, 183 00:12:02,640 --> 00:12:06,040 Speaker 1: there's nothing fishy about it. It doesn't help that it 184 00:12:06,080 --> 00:12:10,760 Speaker 1: was an older aircraft that you know isn't isn't flown 185 00:12:10,800 --> 00:12:14,840 Speaker 1: by a lot of people these days, and you know 186 00:12:14,880 --> 00:12:18,600 Speaker 1: you are talking about a very experienced pilot, so you'd think, 187 00:12:19,120 --> 00:12:22,040 Speaker 1: I don't know. It's one of those regions where I'm 188 00:12:22,080 --> 00:12:27,000 Speaker 1: never not going to think something fishy happens when crashy curs, 189 00:12:27,040 --> 00:12:31,480 Speaker 1: but is literally more fishy we can agree just by 190 00:12:31,600 --> 00:12:34,080 Speaker 1: virtue of it. Okay, Yeah, for sure, man, When you 191 00:12:34,080 --> 00:12:35,960 Speaker 1: say older plane, are we talking about like some sort 192 00:12:36,000 --> 00:12:39,559 Speaker 1: of like classic plane like that isn't even around anymore, 193 00:12:39,600 --> 00:12:42,559 Speaker 1: because if his collection or just maybe you know, something 194 00:12:42,600 --> 00:12:45,760 Speaker 1: from like the eighties or nineties, an older model of 195 00:12:45,880 --> 00:12:49,439 Speaker 1: Unfortunately I do not have all of the information picturing 196 00:12:49,440 --> 00:12:51,640 Speaker 1: and being like a biplane or something, but that's just 197 00:12:51,720 --> 00:12:53,720 Speaker 1: let my imagination run wild with that one. If you 198 00:12:53,720 --> 00:12:57,800 Speaker 1: know it's not a biplane, is a fighter jet? Got it? WHOA? Okay? 199 00:12:58,040 --> 00:13:02,160 Speaker 1: Can you can online allegedly, at least if you believe 200 00:13:02,240 --> 00:13:05,040 Speaker 1: tech Gate in some of the other places here, you 201 00:13:05,080 --> 00:13:09,480 Speaker 1: can see footage of the the jet itself going or 202 00:13:09,520 --> 00:13:12,960 Speaker 1: making its way down into the barn itself. Is that 203 00:13:13,080 --> 00:13:15,240 Speaker 1: legal though? Do you have to have a special license 204 00:13:15,280 --> 00:13:18,720 Speaker 1: to fly something like that? I'm sure and I'm sure 205 00:13:18,760 --> 00:13:20,880 Speaker 1: he also had it. He ran the whole museum he 206 00:13:21,679 --> 00:13:23,280 Speaker 1: I mean, you can see pictures of him in the 207 00:13:23,320 --> 00:13:28,400 Speaker 1: cockpit of a fighter jet wearing all the correct gear. Um, 208 00:13:28,480 --> 00:13:31,640 Speaker 1: it's he seems to be a fascinating dude. I did 209 00:13:31,640 --> 00:13:33,960 Speaker 1: want to bring up something interesting that came to my 210 00:13:34,000 --> 00:13:37,800 Speaker 1: mind as I was researching Marty Tibbots. Have you guys 211 00:13:37,840 --> 00:13:44,120 Speaker 1: seen that show Ozark? Yes, okay, Uh, The main character 212 00:13:44,200 --> 00:13:49,400 Speaker 1: on there, played by the director and creator. His name 213 00:13:49,480 --> 00:13:54,720 Speaker 1: is Marty Bird. Now he plays a financial uh what 214 00:13:54,880 --> 00:14:01,000 Speaker 1: a fi that has been working for a cartel for 215 00:14:01,040 --> 00:14:03,960 Speaker 1: a long time and then ends up moving to the 216 00:14:04,240 --> 00:14:06,280 Speaker 1: you know, the Ozarks in this case, but in the 217 00:14:06,280 --> 00:14:10,080 Speaker 1: middle of nowhere, by the shore, specifically to be by 218 00:14:10,120 --> 00:14:15,520 Speaker 1: the shore with all that shoreline. Um, his name's Marty. 219 00:14:15,679 --> 00:14:18,160 Speaker 1: It's based on you know, nothing, It's just a character 220 00:14:18,200 --> 00:14:20,120 Speaker 1: that they created out of whole cloth. And then all 221 00:14:20,160 --> 00:14:22,880 Speaker 1: of a sudden we hear or we learn about this 222 00:14:22,920 --> 00:14:27,640 Speaker 1: guy named Marty who was doing kind of the same thing. Um, 223 00:14:27,800 --> 00:14:30,400 Speaker 1: I just wanna, you know, I want to know the 224 00:14:30,480 --> 00:14:35,040 Speaker 1: story that some retired official or some FBI agent told 225 00:14:35,520 --> 00:14:38,800 Speaker 1: to Jason Bateman is some late night at a bar 226 00:14:38,920 --> 00:14:42,600 Speaker 1: or something, so like big Fish, White Whale that got away. 227 00:14:43,160 --> 00:14:49,240 Speaker 1: Also the submarine, the submarine technology is legitimately impressive. A 228 00:14:49,280 --> 00:14:54,600 Speaker 1: lot of drug Cartel's submarines are definitely clandestine d I 229 00:14:54,840 --> 00:14:59,040 Speaker 1: Y affairs, nonetheless impressive, but they're built to go much 230 00:14:59,080 --> 00:15:03,960 Speaker 1: shorter distance, is right, and they're they're super dangerous as well. 231 00:15:03,960 --> 00:15:06,480 Speaker 1: It's a it's a heck of a gamble, so that's 232 00:15:06,480 --> 00:15:11,200 Speaker 1: probably why they wanted to make it unmanned vehicle. Well, 233 00:15:11,200 --> 00:15:13,960 Speaker 1: and it's very tiny. The thing at scale is very tiny, 234 00:15:14,040 --> 00:15:16,360 Speaker 1: but it is plenty space to put you know, a 235 00:15:16,360 --> 00:15:18,280 Speaker 1: ton of keel, like a bunch of kilos in there 236 00:15:18,600 --> 00:15:21,680 Speaker 1: and then run the thing a very short distance to 237 00:15:21,920 --> 00:15:24,480 Speaker 1: that ship. And we're going to talk more about evil 238 00:15:24,520 --> 00:15:29,680 Speaker 1: submarines later in today's episode. That's right. That's right. So 239 00:15:29,880 --> 00:15:32,600 Speaker 1: you know, if you if you've heard anything about this situation, 240 00:15:32,680 --> 00:15:36,560 Speaker 1: or you know, any interesting characters that live in a 241 00:15:36,760 --> 00:15:41,400 Speaker 1: mansion try to develop submarines or helicopters or whatever. We 242 00:15:41,880 --> 00:15:45,040 Speaker 1: love to hear about it, so would my dog. And 243 00:15:45,640 --> 00:15:47,040 Speaker 1: for now we're going to take a break and we'll 244 00:15:47,080 --> 00:15:56,240 Speaker 1: be right back with more strange news. And we're back 245 00:15:56,280 --> 00:15:59,480 Speaker 1: with more strange news. I'm doing something a little different today. 246 00:15:59,680 --> 00:16:02,680 Speaker 1: UM for my strange news, it's a story. Well, it 247 00:16:02,760 --> 00:16:05,960 Speaker 1: maybe isn't like a specific news item. It was a 248 00:16:05,960 --> 00:16:11,680 Speaker 1: specific coverage of a longstanding U strange and too many 249 00:16:11,720 --> 00:16:15,360 Speaker 1: disturbing item um covered by a favorite I think of 250 00:16:15,400 --> 00:16:18,200 Speaker 1: all of ours, Mr John Oliver. On last week tonight, 251 00:16:18,800 --> 00:16:22,280 Speaker 1: on the most recent episode, he did his long segment 252 00:16:22,400 --> 00:16:24,440 Speaker 1: that does at the end of the show on the 253 00:16:24,560 --> 00:16:28,120 Speaker 1: national debt. And you know, on the surface, this could 254 00:16:28,160 --> 00:16:32,680 Speaker 1: seem like a super dry concept, but it turns out 255 00:16:32,680 --> 00:16:34,680 Speaker 1: it's really not. And and he does such a great 256 00:16:34,720 --> 00:16:38,920 Speaker 1: job of kind of demystifying what the national debt is. UM. 257 00:16:38,960 --> 00:16:42,040 Speaker 1: I believe we're in the neighborhood of twenty eight trillion 258 00:16:42,080 --> 00:16:47,160 Speaker 1: dollars in the national debt UM, which is divided up 259 00:16:47,200 --> 00:16:50,560 Speaker 1: in some pretty interesting ways. You know, there's a lot 260 00:16:50,720 --> 00:16:53,920 Speaker 1: made out of like, oh, China owns US. You know, 261 00:16:54,000 --> 00:16:57,120 Speaker 1: China has so much steak in um, you know, the 262 00:16:57,200 --> 00:17:00,880 Speaker 1: United States, and you know what if that debt comes due, 263 00:17:01,360 --> 00:17:04,439 Speaker 1: all of our points out beautifully and snarkily, that's not 264 00:17:04,480 --> 00:17:07,080 Speaker 1: really how that works. It's not like these things come 265 00:17:07,160 --> 00:17:09,800 Speaker 1: due or all of a sudden we owe China one 266 00:17:09,840 --> 00:17:12,560 Speaker 1: point oh seven trillion dollars that we have to pay 267 00:17:12,600 --> 00:17:15,760 Speaker 1: all up at once um. And Oliver makes a really 268 00:17:15,760 --> 00:17:18,520 Speaker 1: great point about how essentially you know, in the same 269 00:17:18,560 --> 00:17:21,400 Speaker 1: way that having a bit of debt as an individual 270 00:17:22,320 --> 00:17:24,840 Speaker 1: kind of is a way to invest in, say a 271 00:17:24,880 --> 00:17:28,359 Speaker 1: business or you know, in a home, like having debt 272 00:17:28,680 --> 00:17:32,480 Speaker 1: that is ultimately represents equity is a positive thing. Like 273 00:17:32,520 --> 00:17:35,439 Speaker 1: you're you're in debt, you know, for your mortgage, but 274 00:17:35,480 --> 00:17:38,080 Speaker 1: you're also building equity. And so the idea is not 275 00:17:38,160 --> 00:17:43,960 Speaker 1: about how I'm just saying, like, you know, the idea 276 00:17:44,080 --> 00:17:46,720 Speaker 1: is debt can be good for you because it ultimately 277 00:17:46,880 --> 00:17:50,120 Speaker 1: a method to build equity and to do things that 278 00:17:50,160 --> 00:17:52,639 Speaker 1: you need. And all that applies to us as a 279 00:17:52,640 --> 00:17:55,040 Speaker 1: country to like we you know, all of this debt 280 00:17:55,160 --> 00:17:59,560 Speaker 1: this you know, twenty whatever trillion dollars in debt um. 281 00:17:59,600 --> 00:18:01,960 Speaker 1: It's all how you use it, right, So it's it's 282 00:18:02,000 --> 00:18:03,920 Speaker 1: not like, oh god, we're in debt. We're just digging 283 00:18:03,960 --> 00:18:07,080 Speaker 1: ourselves deeper and deeper. And different presidents handle it differently, 284 00:18:07,119 --> 00:18:11,160 Speaker 1: whether it's through tax cuts or raising taxes to kind 285 00:18:11,160 --> 00:18:13,720 Speaker 1: of even things out, and Oliver points out, how, you know, 286 00:18:13,800 --> 00:18:17,760 Speaker 1: Ronald Reagan was kind of the granddaddy of fiscal conservatism, 287 00:18:18,160 --> 00:18:20,639 Speaker 1: or you know, the idea of well we gotta you know, 288 00:18:21,480 --> 00:18:24,199 Speaker 1: count our pennies and balance the debt or balance the 289 00:18:24,200 --> 00:18:26,720 Speaker 1: budget and all that. Sorry, reduced the debt and balancing 290 00:18:26,720 --> 00:18:28,560 Speaker 1: the budgets two different things. We're not gonna get to 291 00:18:28,880 --> 00:18:32,280 Speaker 1: two in the weeds with that. But Oliver also points 292 00:18:32,280 --> 00:18:36,159 Speaker 1: out that subsequent presidents and their handling of it, and 293 00:18:36,280 --> 00:18:39,879 Speaker 1: the way that the different parties have kind of looked 294 00:18:39,960 --> 00:18:43,880 Speaker 1: upon this idea of debt bad um or debt good 295 00:18:44,000 --> 00:18:47,399 Speaker 1: has really fluctuated depending on who the president is. And 296 00:18:47,640 --> 00:18:52,040 Speaker 1: you know, for example, George W. Bush really ballooned the 297 00:18:52,160 --> 00:18:57,080 Speaker 1: national debt by cutting taxes for their wealthy primarily UM 298 00:18:57,160 --> 00:18:59,959 Speaker 1: people above a certain income bracket, which typically ends up 299 00:19:00,000 --> 00:19:03,440 Speaker 1: being the wealthy, same thing that our last president did UM. 300 00:19:03,480 --> 00:19:05,800 Speaker 1: And we have historically seen that these types of tax 301 00:19:06,359 --> 00:19:10,320 Speaker 1: cuts for the you know, super wealthy don't really trickle 302 00:19:10,400 --> 00:19:14,760 Speaker 1: down to uh, normal people, as some would hope or 303 00:19:14,800 --> 00:19:18,560 Speaker 1: have you know, made the case for actually, I would 304 00:19:18,600 --> 00:19:22,879 Speaker 1: say a million exactly. I'm trying to be diplomatic you're 305 00:19:22,880 --> 00:19:25,640 Speaker 1: absolutely right. Then what ends up what ends up happening? Then? 306 00:19:25,680 --> 00:19:28,960 Speaker 1: Ben if if they're not investing back in jobs and 307 00:19:29,119 --> 00:19:31,760 Speaker 1: infrastruct or whatever, what do they do with those uh 308 00:19:32,440 --> 00:19:36,960 Speaker 1: for those earnings? Well? Uh, in some cases a certain 309 00:19:37,000 --> 00:19:39,359 Speaker 1: segment of the ultra wealthy here in the US would 310 00:19:39,359 --> 00:19:42,199 Speaker 1: buy debt, would would take the money they had saved 311 00:19:42,359 --> 00:19:45,920 Speaker 1: right and buy more because you can, you know, debt 312 00:19:46,119 --> 00:19:49,560 Speaker 1: is a thing that you can buy. You can hold 313 00:19:49,600 --> 00:19:53,600 Speaker 1: someone's debts. So there's that also fun fact. Uh, this 314 00:19:53,600 --> 00:19:55,880 Speaker 1: this gets I love bringing this up. Whatever we talk 315 00:19:55,920 --> 00:20:00,600 Speaker 1: about this. Uh. Trickle down economics had an their name 316 00:20:01,040 --> 00:20:04,960 Speaker 1: that got changed to sound a little bit more you know, 317 00:20:05,119 --> 00:20:08,679 Speaker 1: approachable and correct. It used to be called I believe 318 00:20:08,680 --> 00:20:12,000 Speaker 1: it was. The original concept was something like horse and 319 00:20:12,240 --> 00:20:16,160 Speaker 1: sparrow economics, and the idea was that you don't have 320 00:20:16,240 --> 00:20:19,240 Speaker 1: to feed the sparrows. You just feed the horse as 321 00:20:19,280 --> 00:20:22,280 Speaker 1: many oats as it once, and then when it defecates, 322 00:20:22,520 --> 00:20:25,480 Speaker 1: there will be just enough left in their sparrows to 323 00:20:25,520 --> 00:20:28,920 Speaker 1: survive by eating the poop. Oh. So trickled down always 324 00:20:29,000 --> 00:20:31,560 Speaker 1: has made me think of being piste on by the rich. 325 00:20:32,080 --> 00:20:34,080 Speaker 1: Just for for the record, that's just d M is 326 00:20:34,160 --> 00:20:36,600 Speaker 1: there so I wouldn't say that's that much better, because 327 00:20:36,600 --> 00:20:39,879 Speaker 1: horse and sparrow is so vague that you'd have to 328 00:20:39,960 --> 00:20:41,720 Speaker 1: kind of like go into it like you just did. 329 00:20:41,760 --> 00:20:44,040 Speaker 1: Been I would not have immediately thought of that being 330 00:20:44,040 --> 00:20:48,560 Speaker 1: a poop metaphor um. But each each year and and 331 00:20:48,560 --> 00:20:51,280 Speaker 1: and and trickle down, though, I instantly think of pe 332 00:20:51,560 --> 00:20:57,320 Speaker 1: rolling downhill onto the less uh wealthy of us amongst us. 333 00:20:57,320 --> 00:21:00,159 Speaker 1: So that's all a thing. And then um oh, and 334 00:21:00,200 --> 00:21:02,680 Speaker 1: then of course, then when you know, Barack Obama became 335 00:21:02,720 --> 00:21:06,320 Speaker 1: the president, he was blamed for a lot of these 336 00:21:06,359 --> 00:21:08,600 Speaker 1: things that kind of he inherited. And that's always how 337 00:21:08,640 --> 00:21:11,720 Speaker 1: it goes. You know, you you get blamed for what 338 00:21:11,960 --> 00:21:14,879 Speaker 1: happens before your watch because then it becomes your watch, 339 00:21:14,920 --> 00:21:16,960 Speaker 1: and then it's yours, and it's an easy thing to 340 00:21:16,960 --> 00:21:20,240 Speaker 1: spend it. To be fair, you get credit if your president, 341 00:21:20,280 --> 00:21:22,360 Speaker 1: since the president only sort of afford to eight your term. 342 00:21:22,640 --> 00:21:26,160 Speaker 1: You get credit for good things that a previous administration 343 00:21:26,200 --> 00:21:29,280 Speaker 1: may have done don't really come into effect, for seeds 344 00:21:29,320 --> 00:21:32,800 Speaker 1: that are planted with things like these choices, right, And 345 00:21:32,880 --> 00:21:35,800 Speaker 1: that's the point that that ali our makes, and you know, 346 00:21:35,880 --> 00:21:37,959 Speaker 1: it's worth watching the whole segment and the whole episode. 347 00:21:37,960 --> 00:21:39,359 Speaker 1: It's just a great show. But I do think I 348 00:21:39,440 --> 00:21:42,120 Speaker 1: really want to chat with you guys about this briefly. 349 00:21:42,359 --> 00:21:44,560 Speaker 1: I'll quit um kind of summarizing a second, but I 350 00:21:44,560 --> 00:21:46,080 Speaker 1: didn't want to point out one thing that I really 351 00:21:46,080 --> 00:21:49,080 Speaker 1: want to get into this whole idea of you mentioned it, Ben. 352 00:21:49,480 --> 00:21:52,239 Speaker 1: You can buy debt, you can own debt, and it's 353 00:21:52,320 --> 00:21:54,520 Speaker 1: it's like you can treat it as a commodity. And 354 00:21:54,560 --> 00:21:58,239 Speaker 1: that's what all of these countries do. They're investing in 355 00:21:58,840 --> 00:22:02,040 Speaker 1: our country essentially and buying a piece of it, and 356 00:22:02,080 --> 00:22:05,280 Speaker 1: then like a country like China that's so heavily invested 357 00:22:05,720 --> 00:22:07,880 Speaker 1: the value of the dollar, correct me if I'm wrong, 358 00:22:07,920 --> 00:22:10,480 Speaker 1: then it actually has an impact on the value of 359 00:22:10,520 --> 00:22:14,159 Speaker 1: their currency because they're so invested in US that it 360 00:22:14,200 --> 00:22:18,560 Speaker 1: actually almost becomes like, you know, a symbiotic relationship between 361 00:22:18,560 --> 00:22:22,080 Speaker 1: these two currencies, right, yeah, yeah, I mean you're correct. 362 00:22:22,119 --> 00:22:26,040 Speaker 1: It's um and I love you point out this. This 363 00:22:26,119 --> 00:22:29,000 Speaker 1: kind of debt is not like the kind of debt 364 00:22:29,080 --> 00:22:33,280 Speaker 1: you might encounter as an individual, you know what I mean. Uh, 365 00:22:33,680 --> 00:22:35,879 Speaker 1: It's funny if you look behind the curtain, it seems 366 00:22:35,920 --> 00:22:39,119 Speaker 1: like the larger institutions get, the more lacks. They tend 367 00:22:39,119 --> 00:22:41,840 Speaker 1: to be about paying debt on time. But I think 368 00:22:41,920 --> 00:22:44,440 Speaker 1: I think where you're going here. No, if if I'm correct, 369 00:22:45,000 --> 00:22:47,960 Speaker 1: my telepathy isn't on the fritz. Are we about to 370 00:22:47,960 --> 00:22:53,000 Speaker 1: talk about bonds? Treasury bonds? Absolutely, because it turns out that, yeah, 371 00:22:53,200 --> 00:22:56,639 Speaker 1: China does own a hefty portion of our debt, but 372 00:22:56,680 --> 00:22:59,840 Speaker 1: it's only like five percent of the overall debt. And 373 00:23:00,119 --> 00:23:03,240 Speaker 1: the people that own most of the United States debt 374 00:23:03,280 --> 00:23:07,200 Speaker 1: are uh bing bing bing the the United States citizens 375 00:23:07,680 --> 00:23:10,480 Speaker 1: who who are invested in these treasury bonds because they're 376 00:23:10,560 --> 00:23:13,800 Speaker 1: safe places to park your money, and you know, it's 377 00:23:13,880 --> 00:23:17,920 Speaker 1: it's looked at as like patriotic. Maybe I'm oversimplifying it, Ben, 378 00:23:17,960 --> 00:23:20,640 Speaker 1: but I think that's pretty close to the truth. You're 379 00:23:20,680 --> 00:23:23,960 Speaker 1: absolutely I would say you're absolutely right, because it's there's 380 00:23:24,080 --> 00:23:27,919 Speaker 1: a predictability to it. It's not a buying a bond. 381 00:23:28,040 --> 00:23:31,000 Speaker 1: A treasury bond is not a it's like an IOU 382 00:23:31,280 --> 00:23:35,240 Speaker 1: that will come to fruition without a lot of fluctuation. 383 00:23:35,760 --> 00:23:38,560 Speaker 1: Um at least that's that's the understanding. And of course 384 00:23:38,600 --> 00:23:42,439 Speaker 1: it has that that selling value. You know, back in 385 00:23:42,480 --> 00:23:46,320 Speaker 1: the nineteen fifties, you guys probably have seen these commercials 386 00:23:46,359 --> 00:23:49,960 Speaker 1: before where it's like by wall bonds, which we're meant 387 00:23:50,000 --> 00:23:54,320 Speaker 1: to you know, you're kind of purchasing this again, not 388 00:23:54,359 --> 00:23:57,000 Speaker 1: to be repetitive, but you're purchasing sort of and I 389 00:23:57,240 --> 00:24:02,280 Speaker 1: owe you. And because that's a predictable bowl investment vehicle, 390 00:24:02,640 --> 00:24:05,720 Speaker 1: it makes sense that people would want to get in 391 00:24:05,760 --> 00:24:08,159 Speaker 1: the game. I mean, we've probably got some folks listening 392 00:24:08,200 --> 00:24:10,399 Speaker 1: now who have a couple of bonds locked away in 393 00:24:10,480 --> 00:24:13,520 Speaker 1: a safe somewhere or I don't know, on your coffee table. 394 00:24:13,560 --> 00:24:15,560 Speaker 1: I don't know what everybody's houses look like. I don't 395 00:24:15,560 --> 00:24:18,960 Speaker 1: know how you handle bonds, and they don't they don't 396 00:24:19,000 --> 00:24:23,159 Speaker 1: accrue insane interest, but they're super safe. And if you 397 00:24:23,200 --> 00:24:25,840 Speaker 1: were given one, like you know, or someone was holding 398 00:24:25,880 --> 00:24:28,119 Speaker 1: one they bought like in the twenties and they pass 399 00:24:28,200 --> 00:24:31,080 Speaker 1: on to you, it's probably super valuable now you know, 400 00:24:31,160 --> 00:24:35,080 Speaker 1: over time, and it's it's never gonna like lose lose value. Um. 401 00:24:35,440 --> 00:24:37,800 Speaker 1: But back to that China thing, like so so again, 402 00:24:37,800 --> 00:24:41,120 Speaker 1: this idea of China would being beholden to China. That's 403 00:24:41,119 --> 00:24:43,520 Speaker 1: sort of a myth and that's sort of perpetuated by 404 00:24:43,520 --> 00:24:45,960 Speaker 1: a lot of folks that want to fear monger and 405 00:24:46,040 --> 00:24:50,560 Speaker 1: kind of make people scared of our potential Chinese overlords. 406 00:24:50,680 --> 00:24:52,920 Speaker 1: And it turns out that China isn't even the top 407 00:24:53,000 --> 00:24:57,600 Speaker 1: foreign investor in the US debt. It's actually been surpassed 408 00:24:57,640 --> 00:25:01,679 Speaker 1: by Japan, who holds one point to six trillion in 409 00:25:02,040 --> 00:25:04,480 Speaker 1: uh US debt and China is down to one point 410 00:25:04,560 --> 00:25:08,120 Speaker 1: oh seven um. And it may well be that that 411 00:25:08,400 --> 00:25:12,120 Speaker 1: was triggered by the trade war that Trump um sort 412 00:25:12,160 --> 00:25:15,119 Speaker 1: of instituted against China. Um. You know that kind of 413 00:25:15,119 --> 00:25:18,240 Speaker 1: messed with their exports because they need their economy to 414 00:25:18,280 --> 00:25:21,200 Speaker 1: be thriving for them to invest in like other economies. 415 00:25:21,520 --> 00:25:23,480 Speaker 1: I agree with you, but I think it's been bolstered. 416 00:25:23,520 --> 00:25:28,840 Speaker 1: But I remember hearing rhetoric about debt to China and 417 00:25:29,040 --> 00:25:34,160 Speaker 1: essentially economic competition with China. But like that's been going 418 00:25:34,160 --> 00:25:38,400 Speaker 1: around for quite a while circles, Yes, since the days 419 00:25:38,440 --> 00:25:42,880 Speaker 1: of Nixon when he um quote unquote opened a new 420 00:25:42,920 --> 00:25:46,080 Speaker 1: phase of relationship with US and China. But this idea 421 00:25:46,119 --> 00:25:49,600 Speaker 1: that they could trigger some sort of economic catastrophe on 422 00:25:49,720 --> 00:25:53,760 Speaker 1: command if they so chose, that's not a thing, right, 423 00:25:54,160 --> 00:25:57,280 Speaker 1: not yeah, not really like you could. It's like saying 424 00:25:58,000 --> 00:26:01,399 Speaker 1: I'm in traffic and it's like you're driving traffic and 425 00:26:01,440 --> 00:26:05,639 Speaker 1: you're saying, you know, anybody behind or in front of 426 00:26:05,640 --> 00:26:08,320 Speaker 1: me could do something that would totally wreck my car. 427 00:26:08,760 --> 00:26:12,360 Speaker 1: The problem is it gets very close to like mutually 428 00:26:12,400 --> 00:26:16,159 Speaker 1: assured financial destruction because these things are all interconnected. So 429 00:26:16,280 --> 00:26:18,960 Speaker 1: in the analogy of the car accident, if you saw 430 00:26:19,040 --> 00:26:22,040 Speaker 1: someone you didn't like them, and you you were having 431 00:26:22,080 --> 00:26:25,160 Speaker 1: a bad day and you thought like this injustice will 432 00:26:25,200 --> 00:26:28,280 Speaker 1: not stand. Yeah, you could totally drive your car into 433 00:26:28,359 --> 00:26:32,000 Speaker 1: their car. It would also destroy your car. You know 434 00:26:32,000 --> 00:26:35,439 Speaker 1: what I mean, It's not it's not logical yet for 435 00:26:35,480 --> 00:26:37,240 Speaker 1: that to happen. It doesn't mean it always be that 436 00:26:37,280 --> 00:26:41,440 Speaker 1: way in the future, but these um you know a 437 00:26:41,440 --> 00:26:45,520 Speaker 1: lot of what countries, especially superpowers want, whether they're regional 438 00:26:45,600 --> 00:26:51,160 Speaker 1: or world superpowers, they want a measure of predictability and sustainability. 439 00:26:51,280 --> 00:26:54,199 Speaker 1: So even when you hear crazy rhetoric sold to the 440 00:26:54,280 --> 00:26:58,040 Speaker 1: domestic Chinese public or sold to the domestic Western public, 441 00:26:58,080 --> 00:27:02,720 Speaker 1: I guarantee you there's there's always another meeting where the 442 00:27:03,560 --> 00:27:06,280 Speaker 1: you know, the government officials sit down in a room together, 443 00:27:07,119 --> 00:27:11,359 Speaker 1: often especially after presidents or prime ministers change, and they go, look, 444 00:27:11,560 --> 00:27:14,600 Speaker 1: I know you and the guy before me had some issues, 445 00:27:14,640 --> 00:27:17,359 Speaker 1: But I'm the kind of person you can work with, Okay, 446 00:27:17,440 --> 00:27:20,840 Speaker 1: so maybe we can both figure out and then they 447 00:27:20,920 --> 00:27:23,239 Speaker 1: lay out their lists of compromise. After that, it's just 448 00:27:23,280 --> 00:27:27,840 Speaker 1: like negotiating a contract, really. Um. But but I think 449 00:27:28,320 --> 00:27:30,760 Speaker 1: no one. One thing that makes this a little bit 450 00:27:30,840 --> 00:27:36,399 Speaker 1: different is now China is rapidly expanding. UM is moving 451 00:27:36,480 --> 00:27:39,160 Speaker 1: from a regional to a world's superpower. And I think 452 00:27:39,160 --> 00:27:42,399 Speaker 1: that's where a lot of that um rhetoric that we 453 00:27:42,440 --> 00:27:45,240 Speaker 1: all hear is coming from. You raise a really good 454 00:27:45,240 --> 00:27:50,159 Speaker 1: point about how it's mischaracterized in the public sphere, you 455 00:27:50,200 --> 00:27:53,480 Speaker 1: know what I mean, Like when people used to try 456 00:27:53,520 --> 00:27:57,560 Speaker 1: to ramp up racist fears about which country supplies US 457 00:27:57,640 --> 00:28:00,720 Speaker 1: oil right when it turned out those per scentages were 458 00:28:00,720 --> 00:28:04,320 Speaker 1: also whacky doo. Um. I think it's something that definitely 459 00:28:04,359 --> 00:28:07,960 Speaker 1: bears them thinking about. And obviously we're all big fans 460 00:28:07,960 --> 00:28:09,600 Speaker 1: of John Oliver. I don't know about you guys, but 461 00:28:09,640 --> 00:28:12,040 Speaker 1: it makes my day whenever they do a segment on 462 00:28:12,160 --> 00:28:15,320 Speaker 1: something that we had covered. Oh always and and and 463 00:28:15,359 --> 00:28:19,119 Speaker 1: I just I love how high production value that show is. 464 00:28:19,160 --> 00:28:21,399 Speaker 1: But they save it all for the last segment, like 465 00:28:21,440 --> 00:28:24,159 Speaker 1: all that money and in this episode, uh, you know, 466 00:28:24,240 --> 00:28:25,879 Speaker 1: there's a lot of the rhetoric and the clips they 467 00:28:25,920 --> 00:28:29,480 Speaker 1: play are people historically saying, oh, you know, we're robbing 468 00:28:29,480 --> 00:28:32,240 Speaker 1: Peter to pay Paul and we're putting our children at risk, 469 00:28:32,280 --> 00:28:34,440 Speaker 1: and it's all about the future of our our children. 470 00:28:34,600 --> 00:28:37,639 Speaker 1: But the point he makes is like, well, okay, but 471 00:28:37,960 --> 00:28:41,520 Speaker 1: if we invested this money, then this debt into like 472 00:28:41,680 --> 00:28:45,720 Speaker 1: better roads and infrastructure and things like New Deal type 473 00:28:45,760 --> 00:28:50,440 Speaker 1: programs and things that created jobs and you know, education, 474 00:28:50,800 --> 00:28:55,320 Speaker 1: things that have historically been kind of stripped by Republicans. 475 00:28:55,400 --> 00:28:58,120 Speaker 1: I'm not trying to make this a part as any discussion. 476 00:28:58,160 --> 00:29:00,280 Speaker 1: It's just these are this is true the story really, 477 00:29:00,320 --> 00:29:01,880 Speaker 1: it's it's you know, I mean he even there was 478 00:29:01,920 --> 00:29:06,280 Speaker 1: an interview with Axios did with um Ted Cruz where 479 00:29:06,280 --> 00:29:08,560 Speaker 1: he basically cops to being a member of a party 480 00:29:08,600 --> 00:29:12,440 Speaker 1: that is historically kind of not done in the best 481 00:29:12,440 --> 00:29:14,640 Speaker 1: steward of this kind of debt. Uh. And you know, 482 00:29:14,640 --> 00:29:18,440 Speaker 1: I gets spent on things like military resources instead of 483 00:29:18,480 --> 00:29:22,640 Speaker 1: like roads, the roads in Atlanta garbage. I'm constantly angry 484 00:29:22,640 --> 00:29:25,280 Speaker 1: about where my tax money goes because I'm always like 485 00:29:25,440 --> 00:29:27,760 Speaker 1: falling into potholes and stuff, and I'm like, what am 486 00:29:27,800 --> 00:29:30,120 Speaker 1: I getting for this? I don't have health care that's 487 00:29:30,120 --> 00:29:33,360 Speaker 1: worth a damn. My roads suck. I can't get my 488 00:29:33,640 --> 00:29:36,400 Speaker 1: my kid into a good, worthwhile school without it being 489 00:29:36,480 --> 00:29:40,840 Speaker 1: private or charter and really inconvenient. Um so what am 490 00:29:40,840 --> 00:29:42,960 Speaker 1: I getting? And I don't know. I just feel like 491 00:29:43,200 --> 00:29:45,400 Speaker 1: if I thought that that was being I would pay 492 00:29:45,400 --> 00:29:48,080 Speaker 1: more tax if I thought that it was going somewhere 493 00:29:48,520 --> 00:29:51,200 Speaker 1: a value to me in my life. You know, now, 494 00:29:51,240 --> 00:29:54,400 Speaker 1: you guys feel But that's my hot take. I I mean, 495 00:29:54,480 --> 00:29:57,440 Speaker 1: I think that I think that's a perfectly logical way 496 00:29:57,480 --> 00:30:00,600 Speaker 1: to look at it, you know. There So the idea 497 00:30:00,600 --> 00:30:06,080 Speaker 1: of taxation is heavily politicized in this country because the 498 00:30:06,280 --> 00:30:10,400 Speaker 1: system is broken, right, That's what happened. People don't agree 499 00:30:10,440 --> 00:30:12,840 Speaker 1: on how it's broken, and they certainly don't agree on 500 00:30:12,880 --> 00:30:15,440 Speaker 1: how to fix it. But we know that it has 501 00:30:15,640 --> 00:30:20,520 Speaker 1: codified loopholes that aid and a bet uh the people 502 00:30:20,560 --> 00:30:22,920 Speaker 1: who are involved in writing those laws that is, or 503 00:30:22,960 --> 00:30:25,920 Speaker 1: their masters. That is just a fact. But if you 504 00:30:25,960 --> 00:30:29,600 Speaker 1: think about it in a non political way, then the 505 00:30:29,640 --> 00:30:33,960 Speaker 1: best way to say it is like this, picture your 506 00:30:34,000 --> 00:30:37,840 Speaker 1: country wherever you live as a club, like a like 507 00:30:37,920 --> 00:30:40,640 Speaker 1: a country club. Why not? That's not super creative, but 508 00:30:40,680 --> 00:30:46,440 Speaker 1: we're going with it. Your dues, right, So taxes when 509 00:30:46,480 --> 00:30:49,680 Speaker 1: the systems work, are the dues you pay to keep 510 00:30:49,720 --> 00:30:52,480 Speaker 1: the country club looking nice, to keep the lights and 511 00:30:52,520 --> 00:30:55,760 Speaker 1: the water on, to maybe have you know, the get 512 00:30:55,840 --> 00:31:02,920 Speaker 1: togethers for special occasions, birthday parties, member parties, kin Sierra's, 513 00:31:03,560 --> 00:31:07,760 Speaker 1: to pay all the employees salaries and healthcare to pay 514 00:31:07,800 --> 00:31:11,400 Speaker 1: the employees. Yeah, like these are. And the idea is 515 00:31:11,480 --> 00:31:15,880 Speaker 1: that you, if you're the average person, could not on 516 00:31:16,040 --> 00:31:19,600 Speaker 1: your own start a country club like I would never 517 00:31:20,440 --> 00:31:22,240 Speaker 1: you know, I'm not super into the idea of myself, 518 00:31:22,440 --> 00:31:26,040 Speaker 1: but like, why would I start the ben Bull and 519 00:31:26,120 --> 00:31:30,120 Speaker 1: Country Club and be the only member. That's just me 520 00:31:30,280 --> 00:31:34,560 Speaker 1: having a house with a silly sign on it. But 521 00:31:34,600 --> 00:31:36,720 Speaker 1: I would feel really sad if I wasn't invited to 522 00:31:36,800 --> 00:31:38,560 Speaker 1: join the ben Bull and Country Club, And I would 523 00:31:38,600 --> 00:31:41,240 Speaker 1: pay dues for that. Um. But no, I think it's 524 00:31:41,240 --> 00:31:47,200 Speaker 1: an absolutely appropriate uh um representation of how this stuff works. Okay, 525 00:31:47,240 --> 00:31:48,480 Speaker 1: And let me add this if I don't if you 526 00:31:48,480 --> 00:31:50,720 Speaker 1: don't mind, And if you were paying those dudes, and 527 00:31:50,800 --> 00:31:52,680 Speaker 1: you were going to this country club and every time 528 00:31:52,720 --> 00:31:54,960 Speaker 1: you went out to play golf you fell into a sinkhole, 529 00:31:55,240 --> 00:31:56,680 Speaker 1: you probably wouldn't want to be a member of that 530 00:31:56,680 --> 00:31:59,720 Speaker 1: club anymore. You'd probably be asking some very serious questions 531 00:31:59,760 --> 00:32:02,840 Speaker 1: about where those dudes went. And if the answer was, oh, 532 00:32:02,960 --> 00:32:05,360 Speaker 1: you know, we just like pocket them or like, you know, 533 00:32:05,800 --> 00:32:09,640 Speaker 1: launder them elsewhere whatever. I'm not trying to accuse the 534 00:32:09,640 --> 00:32:12,400 Speaker 1: government of that, but you see what I'm saying, Well, 535 00:32:14,680 --> 00:32:18,400 Speaker 1: we're paying our private security force to go to a 536 00:32:18,440 --> 00:32:23,280 Speaker 1: neighboring country club and that they can established amenities for 537 00:32:23,360 --> 00:32:28,360 Speaker 1: that country club that we don't have here right more. 538 00:32:28,520 --> 00:32:33,840 Speaker 1: Or you know, wow, we're supposed to get a free 539 00:32:33,880 --> 00:32:36,680 Speaker 1: like we're supposed to have a free cafe, right because 540 00:32:36,680 --> 00:32:39,600 Speaker 1: we paid dues. We don't have a free cafe. But 541 00:32:39,720 --> 00:32:44,080 Speaker 1: the accountant is pushing a new maserati. I feel like 542 00:32:44,120 --> 00:32:46,960 Speaker 1: I paid for that maserati and I don't think that's cool. 543 00:32:47,400 --> 00:32:49,960 Speaker 1: Why do I still have to go here? The differences 544 00:32:50,440 --> 00:32:53,320 Speaker 1: that we're talking about a country instead of a country club. 545 00:32:53,640 --> 00:32:56,720 Speaker 1: Countries are much more difficult to leave. You could just 546 00:32:56,800 --> 00:32:58,720 Speaker 1: walk out of the club. You could just put your 547 00:32:58,720 --> 00:33:04,480 Speaker 1: membership ridden seen your citizenship over taxation is much more extreme. 548 00:33:04,520 --> 00:33:07,000 Speaker 1: Move well, And that's my point. It almost feels like 549 00:33:07,040 --> 00:33:10,160 Speaker 1: these dudes we pay is literally just for the privilege 550 00:33:10,160 --> 00:33:13,720 Speaker 1: of being allowed to hang around. Um. You know, it's 551 00:33:13,760 --> 00:33:15,880 Speaker 1: like our gym is supposed to be this full service gym, 552 00:33:15,920 --> 00:33:17,920 Speaker 1: but it's actually just like a bunch of spoons taped 553 00:33:17,920 --> 00:33:20,360 Speaker 1: together in the middle and like a single kettle bell 554 00:33:20,520 --> 00:33:23,760 Speaker 1: chain to a radiator. You know, it's like, you know, 555 00:33:24,040 --> 00:33:26,480 Speaker 1: this is what this is what you get. I'm obviously 556 00:33:26,560 --> 00:33:28,480 Speaker 1: overstaying the case here a little bit. I love the 557 00:33:28,560 --> 00:33:31,320 Speaker 1: United States, I love living in this country, but when 558 00:33:31,360 --> 00:33:33,400 Speaker 1: you look at it and what you get for this 559 00:33:33,680 --> 00:33:36,000 Speaker 1: this tax, it starts to feel a little out of 560 00:33:36,040 --> 00:33:39,640 Speaker 1: whack with other countries that have socialized health care and 561 00:33:39,800 --> 00:33:42,680 Speaker 1: you know, better roads and amenities, and it's just it 562 00:33:42,760 --> 00:33:45,120 Speaker 1: starts to get a little old after a while, especially 563 00:33:45,160 --> 00:33:48,120 Speaker 1: when you look at this ballooning national debt. But it 564 00:33:48,120 --> 00:33:49,600 Speaker 1: does feel like we're kind of moving in the right 565 00:33:49,640 --> 00:33:52,000 Speaker 1: direction with some of these uh, you know, New Deal 566 00:33:52,160 --> 00:33:55,840 Speaker 1: esque programs. I think even the most vehement fiscal conservative 567 00:33:56,240 --> 00:33:59,520 Speaker 1: or people you know, Republican would probably say that the 568 00:33:59,520 --> 00:34:02,720 Speaker 1: New Deal stuff was pretty a pretty good idea. It 569 00:34:02,800 --> 00:34:05,640 Speaker 1: gave it left us with some very lasting, you know 570 00:34:06,000 --> 00:34:10,279 Speaker 1: infrastructure foundationally um that now we need to service or 571 00:34:10,560 --> 00:34:12,960 Speaker 1: build some new stuff. And also everyone pretty much agrees 572 00:34:12,960 --> 00:34:15,040 Speaker 1: that it created a lot of jobs, which gave a 573 00:34:15,040 --> 00:34:16,759 Speaker 1: shot in the arm to the economy, and you know, 574 00:34:17,160 --> 00:34:20,960 Speaker 1: during a recession anyway, I would just say two things. 575 00:34:21,200 --> 00:34:25,760 Speaker 1: The opinion is gonna very it's gonna vary widely on 576 00:34:25,760 --> 00:34:30,080 Speaker 1: on that topic, just I know. So. Um. The other 577 00:34:30,120 --> 00:34:31,799 Speaker 1: thing is I want to stick up for the accountant 578 00:34:31,880 --> 00:34:35,719 Speaker 1: because I think the accountant was actually driving an old 579 00:34:35,760 --> 00:34:38,879 Speaker 1: company car that he even handed down to his son. 580 00:34:39,280 --> 00:34:41,520 Speaker 1: So like, I don't think the accountant was the one 581 00:34:41,800 --> 00:34:43,879 Speaker 1: pocketing all the money. Just just putting that out there, 582 00:34:43,920 --> 00:34:49,439 Speaker 1: all right, it's a hypothetical accountant, Matt. It's not it's 583 00:34:49,480 --> 00:34:53,399 Speaker 1: not the account that I might be thinking of. But 584 00:34:53,640 --> 00:34:56,560 Speaker 1: it's not the accounting from Matt story or the Mardy 585 00:34:56,600 --> 00:35:02,560 Speaker 1: Bird or whatever. Yeah, yeah, yeah, this is an important thing, 586 00:35:02,880 --> 00:35:06,160 Speaker 1: you know. And one big piece that I think would 587 00:35:06,160 --> 00:35:08,920 Speaker 1: be readily apparent to a foreign observer who is not 588 00:35:08,960 --> 00:35:13,239 Speaker 1: in the US is that it's incredibly confusing how many 589 00:35:13,400 --> 00:35:17,480 Speaker 1: mixed messages you get about the debt over the years, 590 00:35:17,760 --> 00:35:20,320 Speaker 1: you know what I mean, Like, like to your point, well, 591 00:35:20,400 --> 00:35:25,279 Speaker 1: it does depend a lot on administration, but also these 592 00:35:25,320 --> 00:35:30,239 Speaker 1: investments can be a tough sell because we can make 593 00:35:30,280 --> 00:35:33,560 Speaker 1: good guesses about how they how much they will benefit 594 00:35:34,120 --> 00:35:37,040 Speaker 1: the average person in the US. But those are guesses 595 00:35:37,200 --> 00:35:43,120 Speaker 1: over time, and unfortunately, the human species does not have 596 00:35:43,200 --> 00:35:46,520 Speaker 1: the best track record of saying I'll sacrifice even a 597 00:35:46,560 --> 00:35:51,000 Speaker 1: little bit of my today to get some to massively 598 00:35:51,040 --> 00:35:53,920 Speaker 1: improve things for people fifteen years from now that I 599 00:35:54,000 --> 00:35:56,560 Speaker 1: may never meet. I'll just say I I don't know, man, 600 00:35:56,680 --> 00:36:00,879 Speaker 1: two dollars fifteen cents like a cheeseburger money totally. When 601 00:36:00,920 --> 00:36:03,560 Speaker 1: I add one final thing, this notion of China calling 602 00:36:03,560 --> 00:36:05,640 Speaker 1: in its debt or like you know, say okay, that's it, 603 00:36:05,760 --> 00:36:08,640 Speaker 1: pay up. There's a really great article that that summarizes 604 00:36:08,640 --> 00:36:10,719 Speaker 1: a lot of this stuff in a really straightforward way 605 00:36:10,760 --> 00:36:13,879 Speaker 1: on the balance dot com um and there's a whole 606 00:36:13,880 --> 00:36:16,239 Speaker 1: segment section on this article. If China called in its 607 00:36:16,239 --> 00:36:19,000 Speaker 1: debt holdings, and it's exactly like you say, Ben with 608 00:36:19,040 --> 00:36:22,160 Speaker 1: your traffic aunt with your traffic analogy. If China called 609 00:36:22,160 --> 00:36:25,000 Speaker 1: in its debt, demand for the dollar would plummet. The 610 00:36:25,120 --> 00:36:30,480 Speaker 1: dollar collapse would then cause chaos and international markets um 611 00:36:30,680 --> 00:36:32,719 Speaker 1: way worse than what we saw in two thousand eight. 612 00:36:32,880 --> 00:36:36,280 Speaker 1: And guess who else would suffer along with US? China. 613 00:36:37,400 --> 00:36:41,040 Speaker 1: So it is that mutually assured finance, maybe not destruction, 614 00:36:41,640 --> 00:36:44,360 Speaker 1: and it certainly is like a flex and a finger 615 00:36:44,480 --> 00:36:48,080 Speaker 1: on that detonator that they could, you know, wield politically 616 00:36:48,120 --> 00:36:49,920 Speaker 1: if they wanted to, and I'm sure they do in 617 00:36:50,000 --> 00:36:52,040 Speaker 1: some ways, but it just it doesn't make sense, and 618 00:36:52,040 --> 00:36:53,680 Speaker 1: they certainly wouldn't do it all at once. It's article 619 00:36:53,760 --> 00:36:56,319 Speaker 1: points out they would probably do it slowly, sell off 620 00:36:56,320 --> 00:36:59,759 Speaker 1: its treasury holding slowly, um and even at that slow 621 00:36:59,800 --> 00:37:02,720 Speaker 1: pay the demand would still drop, which would still hurt 622 00:37:03,040 --> 00:37:06,239 Speaker 1: China's competitiveness. And and to your point, been with the 623 00:37:06,280 --> 00:37:09,520 Speaker 1: expansion they're going for, that's not something they want to do. 624 00:37:10,080 --> 00:37:13,040 Speaker 1: So I think the takeaway from the Oliver pieces like 625 00:37:13,200 --> 00:37:15,520 Speaker 1: you'll just slow your role. It's not that bad, and 626 00:37:15,520 --> 00:37:17,880 Speaker 1: and it's you know, if we're how are we spending this? 627 00:37:17,960 --> 00:37:19,560 Speaker 1: What are we getting out of it? That's those are 628 00:37:19,560 --> 00:37:21,640 Speaker 1: the questions you should be asking and stop, you know, 629 00:37:21,920 --> 00:37:25,040 Speaker 1: using children as a scapegoat politically, or like what about 630 00:37:25,080 --> 00:37:27,520 Speaker 1: the children? You only care about the children when it's 631 00:37:27,560 --> 00:37:31,520 Speaker 1: like a soapbox moment. But yeah, I would agree. I 632 00:37:31,600 --> 00:37:34,360 Speaker 1: just I can't help you, guys. I hear all the 633 00:37:34,400 --> 00:37:36,600 Speaker 1: facts you're saying I hear are all the points that 634 00:37:36,680 --> 00:37:41,839 Speaker 1: John Oliver made. It still bothers me fully that as 635 00:37:41,840 --> 00:37:46,680 Speaker 1: a country we're so deeply in debt. Yeah, that's how 636 00:37:46,680 --> 00:37:50,840 Speaker 1: the systems designed. Yeah, and it it's like really quickly, 637 00:37:50,840 --> 00:37:54,120 Speaker 1: like I mean, it's we're in debt to Brazil, Hong Kong, Luxembourg, Ireland, 638 00:37:54,160 --> 00:37:57,360 Speaker 1: the UK, China and Japan just happened to be the 639 00:37:57,360 --> 00:38:00,160 Speaker 1: two biggest pieces of the pie. Also Switzerland, and then 640 00:38:00,200 --> 00:38:02,400 Speaker 1: again like to to to what we talked about earlier, 641 00:38:02,760 --> 00:38:06,280 Speaker 1: the largest holders of that US are our own citizens. 642 00:38:06,400 --> 00:38:08,719 Speaker 1: Was to me, feels like you're investing in your own 643 00:38:08,719 --> 00:38:11,840 Speaker 1: country and that doesn't seem so bad. Yeah. One of 644 00:38:11,840 --> 00:38:14,840 Speaker 1: the I mean one of the secrets about about the 645 00:38:14,880 --> 00:38:19,080 Speaker 1: necessity of debt here, without going into you know, balance 646 00:38:19,200 --> 00:38:22,640 Speaker 1: and trade and so on, one of the secrets, at 647 00:38:22,719 --> 00:38:27,600 Speaker 1: least for the US, is that having other countries hold 648 00:38:27,800 --> 00:38:33,480 Speaker 1: US debt strengthens the hegemonic nature of the dollar as 649 00:38:33,480 --> 00:38:36,319 Speaker 1: a global reserve currency. You know what I mean. We 650 00:38:36,360 --> 00:38:39,200 Speaker 1: talked about the petro dollar. But again, concept of a 651 00:38:39,239 --> 00:38:42,080 Speaker 1: dollar is a pretty intangible thing. It's literally an article 652 00:38:42,120 --> 00:38:45,319 Speaker 1: of faith. So the more people you have treating it 653 00:38:45,360 --> 00:38:48,879 Speaker 1: like a real thing, the more places and people you're 654 00:38:48,880 --> 00:38:52,600 Speaker 1: gonna have accepting it as currency, you know what I mean. 655 00:38:52,640 --> 00:38:55,480 Speaker 1: A dollar is a very useful thing to have around 656 00:38:55,520 --> 00:38:59,239 Speaker 1: the world, and part of it is because so many 657 00:38:59,280 --> 00:39:02,400 Speaker 1: other countries needed to be real. I mean, what if 658 00:39:02,400 --> 00:39:05,480 Speaker 1: it crashed like beanie babies or powks, Japan and China 659 00:39:05,520 --> 00:39:10,560 Speaker 1: would rightly belived because they you know, I guess they're 660 00:39:10,600 --> 00:39:14,160 Speaker 1: like maybe three people in the audience today who are going, oh, yeah, 661 00:39:14,280 --> 00:39:17,319 Speaker 1: I lost the farm on beanie babies. But that's kind 662 00:39:17,320 --> 00:39:19,719 Speaker 1: of what would happen if everybody like agreed that the 663 00:39:19,760 --> 00:39:22,600 Speaker 1: dollar was worthless, which goes back to your point all 664 00:39:22,640 --> 00:39:27,400 Speaker 1: about connected chaos can be power. The problem is it 665 00:39:27,440 --> 00:39:30,759 Speaker 1: won't matter if inflation hits hard, right, and we've seen 666 00:39:30,800 --> 00:39:33,680 Speaker 1: that before, and inflation is one of the things that 667 00:39:33,680 --> 00:39:35,799 Speaker 1: can happen. Even John Oliver talked about as long as 668 00:39:35,840 --> 00:39:40,520 Speaker 1: inflation doesn't increase, all of this is fine. Uh. I 669 00:39:40,560 --> 00:39:42,920 Speaker 1: would just say I think that is I don't know, 670 00:39:43,040 --> 00:39:46,200 Speaker 1: I don't mean. I just think inflation is way more 671 00:39:46,239 --> 00:39:49,879 Speaker 1: of a specter than a scary specter than we want 672 00:39:49,920 --> 00:39:53,240 Speaker 1: to believe. And I'm sorry, we understand what you're saying. 673 00:39:53,320 --> 00:39:56,319 Speaker 1: Inflation happens kind of, I guess, not naturally. I mean, 674 00:39:56,480 --> 00:39:58,560 Speaker 1: but it happens a year over year. Inflation is the 675 00:39:58,560 --> 00:40:02,080 Speaker 1: phenomenon of like dollar being able to buy you more 676 00:40:02,160 --> 00:40:05,680 Speaker 1: in nineteen thirty two than it does because over time, 677 00:40:05,680 --> 00:40:09,000 Speaker 1: inflation just happens. Are you saying there's some event or 678 00:40:09,080 --> 00:40:12,640 Speaker 1: series of events that would trigger massive inflation overnight that 679 00:40:12,800 --> 00:40:16,759 Speaker 1: is out of proportion with that gradual inflation over time. No, 680 00:40:16,840 --> 00:40:19,960 Speaker 1: not really. There isn't much that happens in the financial 681 00:40:20,000 --> 00:40:22,920 Speaker 1: world that happens overnight. Besides, you know, stuff in the 682 00:40:22,960 --> 00:40:28,319 Speaker 1: stock market, which is very possible. Um. But yeah, the 683 00:40:27,760 --> 00:40:32,560 Speaker 1: inflation is the one thing you know that took down Germany, right, 684 00:40:32,560 --> 00:40:36,200 Speaker 1: we talked about that inflation took it down, Um, the 685 00:40:36,200 --> 00:40:40,520 Speaker 1: Weimar Republic. We just have to be careful. I don't know, 686 00:40:40,719 --> 00:40:43,320 Speaker 1: it's still it still worries me. I think. I think 687 00:40:43,360 --> 00:40:45,600 Speaker 1: my problem, guys is that when I watched that John 688 00:40:45,600 --> 00:40:49,600 Speaker 1: Oliver's segment, he gives me a sense of calm or 689 00:40:49,600 --> 00:40:52,799 Speaker 1: an ease, even though we're talking about hard topics a 690 00:40:52,800 --> 00:40:54,920 Speaker 1: lot of times, and I think every once in a 691 00:40:54,920 --> 00:41:00,719 Speaker 1: while I feel as though I can't trust the the get. 692 00:41:00,880 --> 00:41:03,160 Speaker 1: Maybe that's fair. I don't think there's plenty of other 693 00:41:03,200 --> 00:41:05,960 Speaker 1: things to be anxious about. It's nice to be able 694 00:41:05,960 --> 00:41:07,759 Speaker 1: to at least sort of check one off the list. 695 00:41:07,760 --> 00:41:10,000 Speaker 1: But it's not like it's, you know, hard and fast. 696 00:41:10,080 --> 00:41:13,560 Speaker 1: But I think we've we've we've we've spent enough podcasts, 697 00:41:13,680 --> 00:41:16,919 Speaker 1: uh inc on this one for for now. But something 698 00:41:16,920 --> 00:41:18,399 Speaker 1: to keep an eye on. But let's take a quick 699 00:41:18,760 --> 00:41:21,480 Speaker 1: break to hear from our sponsor um and then we'll 700 00:41:21,480 --> 00:41:31,440 Speaker 1: be back with one more strange news. And we have returned. 701 00:41:31,600 --> 00:41:36,800 Speaker 1: Our final or final story in this week's segment, takes 702 00:41:36,920 --> 00:41:40,160 Speaker 1: us to the far North, literally as far north as 703 00:41:40,160 --> 00:41:44,080 Speaker 1: you can go and still be on planet Earth folks. 704 00:41:44,120 --> 00:41:49,359 Speaker 1: As we record today, the race for the Arctic continues. 705 00:41:50,040 --> 00:41:52,680 Speaker 1: We did a previous episode on this who will Control 706 00:41:52,760 --> 00:41:57,759 Speaker 1: the Arctic? Long story short. For a number of decades now, 707 00:41:58,640 --> 00:42:02,400 Speaker 1: the ice caps in the North Pole have been melting. 708 00:42:03,040 --> 00:42:06,960 Speaker 1: I'm sure you have seen many, many think pieces, many studies, 709 00:42:07,080 --> 00:42:12,920 Speaker 1: many news stories on the various terrible consequences of the 710 00:42:12,960 --> 00:42:17,640 Speaker 1: ice caps melting. But there is one group of huge 711 00:42:17,920 --> 00:42:21,200 Speaker 1: benefits and it may even in some way, depending on 712 00:42:21,239 --> 00:42:26,280 Speaker 1: where you live, benefit you when those ice caps melts, 713 00:42:26,800 --> 00:42:31,360 Speaker 1: When when the water unfreezes and becomes navigable for ships. 714 00:42:31,760 --> 00:42:38,600 Speaker 1: There is an entire an entirely new, unique trade route available. 715 00:42:38,640 --> 00:42:41,080 Speaker 1: So it goes back to what we're talking about previously 716 00:42:41,280 --> 00:42:47,200 Speaker 1: with the the strange shell game of international trade. Essentially 717 00:42:47,239 --> 00:42:49,839 Speaker 1: all the like if you if you imagine in your 718 00:42:49,880 --> 00:42:54,880 Speaker 1: mind a map of the North Pole, all the countries 719 00:42:55,160 --> 00:42:58,319 Speaker 1: that are around the Arctic Circle, and even countries that 720 00:42:58,360 --> 00:43:01,759 Speaker 1: don't really have a geo physical claim to it, they're 721 00:43:01,760 --> 00:43:04,560 Speaker 1: all trying to slice out the pie and be the 722 00:43:04,640 --> 00:43:09,520 Speaker 1: person or be the entity that controls the trade routes 723 00:43:09,960 --> 00:43:13,360 Speaker 1: right and be the entity that also controls the mining 724 00:43:13,480 --> 00:43:18,000 Speaker 1: rights for minerals, for fossil fuels and what have you. 725 00:43:19,400 --> 00:43:23,960 Speaker 1: Right now, a lot of people are incredibly nervous because 726 00:43:24,200 --> 00:43:27,200 Speaker 1: the Russian military, which I think we may have talked 727 00:43:27,239 --> 00:43:30,600 Speaker 1: about this before, they are they've been going hard on 728 00:43:30,640 --> 00:43:34,760 Speaker 1: the paint to have this access for a long time. 729 00:43:35,280 --> 00:43:36,880 Speaker 1: And you know they have a they have a decent 730 00:43:36,920 --> 00:43:39,799 Speaker 1: claim because if you look at the map, a ton 731 00:43:39,880 --> 00:43:43,480 Speaker 1: of Russia butts right into the North Pole or the 732 00:43:43,600 --> 00:43:46,719 Speaker 1: Arctic Circle, we should say. And right now a lot 733 00:43:46,800 --> 00:43:51,280 Speaker 1: of international observers are incredibly nervous because it turns out 734 00:43:51,880 --> 00:43:56,960 Speaker 1: that Russia has doubled down on their military build up 735 00:43:57,160 --> 00:44:00,880 Speaker 1: in the Arctic, and they've done they've done some things 736 00:44:00,920 --> 00:44:05,040 Speaker 1: that they haven't done before. First off, because of the 737 00:44:05,120 --> 00:44:07,520 Speaker 1: nature of the climate and Russian in the Arctic circle, 738 00:44:07,680 --> 00:44:10,840 Speaker 1: they already had a lot of infrastructure that was set 739 00:44:10,880 --> 00:44:15,799 Speaker 1: to function pretty well in the Arctic North. However, the 740 00:44:15,880 --> 00:44:18,440 Speaker 1: issue is that they had a lot of just like 741 00:44:18,480 --> 00:44:20,400 Speaker 1: with the U S infrastructure, they had a lot of 742 00:44:20,440 --> 00:44:24,480 Speaker 1: infrastructure problems. They weren't maintaining things the way they needed 743 00:44:24,520 --> 00:44:27,840 Speaker 1: to be maintained. But for the record, if you're filling 744 00:44:27,840 --> 00:44:31,960 Speaker 1: a venturous you can take a ride on a a 745 00:44:32,040 --> 00:44:36,240 Speaker 1: Russian icebreaker nuclear power. It's called the fifty let Pomity, 746 00:44:36,640 --> 00:44:40,160 Speaker 1: which means fifty years of victory. Anyway, that aside, they're 747 00:44:40,200 --> 00:44:46,440 Speaker 1: building this massive, massive agglomeration of military might, which is 748 00:44:46,520 --> 00:44:49,680 Speaker 1: an intimidation move, but also it's kind of trying to 749 00:44:49,719 --> 00:44:53,000 Speaker 1: be the first to the gate in a world where 750 00:44:53,040 --> 00:44:56,560 Speaker 1: possession is very much nine tenths of the law. This 751 00:44:56,600 --> 00:44:59,160 Speaker 1: has happened before. Russia has been planning this for a 752 00:44:59,239 --> 00:45:02,560 Speaker 1: long time. These kinds of explorations have occurred. You may, 753 00:45:02,719 --> 00:45:06,120 Speaker 1: you may, in fact, fellow conspiracy realists recall a moment, 754 00:45:06,640 --> 00:45:11,480 Speaker 1: uh several years ago when Russia planted an underwater flag 755 00:45:12,280 --> 00:45:15,960 Speaker 1: as like the old school colonialism, right, I got a flag, 756 00:45:16,000 --> 00:45:19,520 Speaker 1: I put it here. This is my DIBs on on 757 00:45:19,600 --> 00:45:24,080 Speaker 1: this entire continent or this entire mass um. But what's 758 00:45:24,080 --> 00:45:27,560 Speaker 1: different now is that they have a new toy, very 759 00:45:27,640 --> 00:45:33,920 Speaker 1: dangerous toy. It's called the Poseidon to M thirty nine torpedo, 760 00:45:34,120 --> 00:45:37,759 Speaker 1: but torpedo wild torpedo, it may be. It's it's a 761 00:45:37,760 --> 00:45:42,000 Speaker 1: little misleading. It's a lot more like that unmanned submarine 762 00:45:42,239 --> 00:45:45,120 Speaker 1: that your guy was designing, Matt before he killed all 763 00:45:45,160 --> 00:45:48,799 Speaker 1: those cows. I'd like to talk a little bit about 764 00:45:48,840 --> 00:45:55,520 Speaker 1: what the Poseidon is. It's autonomous, I'm manned, it's nuclear powered. 765 00:45:56,400 --> 00:46:01,280 Speaker 1: It's called a super weapon. And honestly, although I usually 766 00:46:01,280 --> 00:46:05,359 Speaker 1: think that kind of stuff is hyperbole, guys, this this 767 00:46:05,440 --> 00:46:08,440 Speaker 1: is very much not It's about the size of a 768 00:46:08,480 --> 00:46:11,800 Speaker 1: small submarine and the ideas that will be used against 769 00:46:11,840 --> 00:46:18,160 Speaker 1: hostile bases or naval stations. But it has so the 770 00:46:18,239 --> 00:46:23,320 Speaker 1: problem with the Poseidon is that it is quite potentially 771 00:46:24,719 --> 00:46:30,520 Speaker 1: capable of rendering an entire area unlivable. I'm gonna send you, guys, 772 00:46:30,640 --> 00:46:33,400 Speaker 1: it's it's really it's like a it's like using a 773 00:46:33,480 --> 00:46:36,560 Speaker 1: chainsaw when a steak knife would do. I'm gonna send 774 00:46:36,560 --> 00:46:41,920 Speaker 1: you guys a picture here in our group chat where 775 00:46:42,000 --> 00:46:47,200 Speaker 1: you can see something called a nuke map. The Poseidon 776 00:46:47,320 --> 00:46:52,600 Speaker 1: is capable of creating a one hundred mega ton explosion. 777 00:46:52,800 --> 00:46:56,239 Speaker 1: And if you look at this map, nuke BAP, by 778 00:46:56,239 --> 00:47:00,360 Speaker 1: the way, is really cool tool. Then you can model 779 00:47:00,400 --> 00:47:04,840 Speaker 1: out the detonation of what would happen, like how how 780 00:47:04,880 --> 00:47:08,919 Speaker 1: this thing, this bomb with this yield, how it would 781 00:47:08,920 --> 00:47:10,839 Speaker 1: affect the world. So if you look at the map now, 782 00:47:11,120 --> 00:47:15,600 Speaker 1: you'll see, just from that screen cap that we wanted 783 00:47:15,640 --> 00:47:21,080 Speaker 1: to see, what happened if the Poseidon somehow was deployed 784 00:47:21,360 --> 00:47:27,360 Speaker 1: in New York, the fallout goes clear to the Gulf Coast. 785 00:47:29,360 --> 00:47:35,000 Speaker 1: Holy from Wow that rain, Yeah, oh I see, So 786 00:47:35,040 --> 00:47:37,359 Speaker 1: it's yeah, because of all the water, it's probably like 787 00:47:37,680 --> 00:47:41,040 Speaker 1: I see, yeah, radioactive rain and fallout essentially, Yeah, that's 788 00:47:41,360 --> 00:47:45,600 Speaker 1: that's pretty messed up. It also irradiates the water. So 789 00:47:45,680 --> 00:47:50,359 Speaker 1: we're talking if this thing was ever used, it would, 790 00:47:50,520 --> 00:47:56,760 Speaker 1: according to multiple breathless headlines, create radioactive tsunami. This isn't 791 00:47:56,800 --> 00:48:00,440 Speaker 1: technically true unless the payload is far more just destructive 792 00:48:00,520 --> 00:48:07,840 Speaker 1: than imagined. Ben. That's from the star bomba the largest bomb. Yeah, yeah, 793 00:48:08,000 --> 00:48:10,959 Speaker 1: and that's that's I apologize I had to walk away 794 00:48:10,960 --> 00:48:14,160 Speaker 1: for one second for my family, but it was that's 795 00:48:14,160 --> 00:48:20,560 Speaker 1: that's the yield of these poseidon like um torpedoes. Yeah, 796 00:48:20,600 --> 00:48:23,880 Speaker 1: it's uh, they're they're believed to we don't know everything 797 00:48:23,920 --> 00:48:27,080 Speaker 1: about them. They're one of six super weapons that were 798 00:48:27,160 --> 00:48:32,080 Speaker 1: proposed by the Russian administration in Uh. This Poseidon is 799 00:48:32,120 --> 00:48:37,359 Speaker 1: what's called a cobalt bomb, and you know, it's there's 800 00:48:37,400 --> 00:48:40,080 Speaker 1: a tragic story here. There's always a tragic story when 801 00:48:40,080 --> 00:48:44,480 Speaker 1: you talked about nuclear weaponry and physicists. But the physicists 802 00:48:44,480 --> 00:48:48,160 Speaker 1: who first proposed the idea of a cobalt bomb was 803 00:48:48,239 --> 00:48:53,719 Speaker 1: not to have it built. Leo Sziszlard, I believe, literally said, look, 804 00:48:53,800 --> 00:48:57,120 Speaker 1: I'm not showing you all that this is possible because 805 00:48:57,239 --> 00:48:59,920 Speaker 1: anyone should build one. I'm showing you that we're getting 806 00:49:00,000 --> 00:49:04,480 Speaker 1: to the point where nuclear technology can quite literally end 807 00:49:04,640 --> 00:49:09,920 Speaker 1: human life on Earth. This should be considered a doomsday device. 808 00:49:10,600 --> 00:49:12,520 Speaker 1: And then, you know, shout out to that great Mitchell 809 00:49:12,560 --> 00:49:16,560 Speaker 1: and Web sketch about the inventor who keeps trying to 810 00:49:16,600 --> 00:49:20,680 Speaker 1: make peaceful weapons of war. The problem here is that 811 00:49:21,400 --> 00:49:28,160 Speaker 1: these sorts of weapons, they don't respect international boundaries, you 812 00:49:28,200 --> 00:49:30,680 Speaker 1: know what I mean, They don't go through customs. If 813 00:49:30,719 --> 00:49:34,160 Speaker 1: you if you fire this at a naval base, it's 814 00:49:34,200 --> 00:49:37,799 Speaker 1: not going to stop at the perimeter of the naval base. 815 00:49:37,960 --> 00:49:43,040 Speaker 1: This will have real and lasting implications. We're talking about 816 00:49:43,080 --> 00:49:45,600 Speaker 1: the nuclear equivalent of so in the earth with salt. 817 00:49:45,840 --> 00:49:51,680 Speaker 1: It will render large swaths of any shoreline nearby unlivable. 818 00:49:52,000 --> 00:49:56,320 Speaker 1: So what this means, first off, is that it's scary 819 00:49:56,360 --> 00:50:00,840 Speaker 1: to imagine the situation where the Russian government I decide 820 00:50:01,600 --> 00:50:05,800 Speaker 1: to deploy this weaponry. It also means I'm gonna sneak 821 00:50:05,880 --> 00:50:09,200 Speaker 1: one other thing in here before we close. It also 822 00:50:09,400 --> 00:50:16,120 Speaker 1: means that it's a perfect toy for Vladimir Putin's administration 823 00:50:16,400 --> 00:50:20,960 Speaker 1: because he just signed that law I told you guys 824 00:50:21,000 --> 00:50:24,560 Speaker 1: about a few months ago where he could be president forever. 825 00:50:26,080 --> 00:50:28,640 Speaker 1: I thought you refer to you. Yeah, oh sorry, any 826 00:50:28,680 --> 00:50:34,080 Speaker 1: Russian president. It's just any Russian president. We know it. Yeah, 827 00:50:34,120 --> 00:50:38,680 Speaker 1: we know what you are up to, Vladimir. So this 828 00:50:38,680 --> 00:50:42,600 Speaker 1: this means that he quite possibly if no health conditions 829 00:50:42,680 --> 00:50:47,320 Speaker 1: or assassins or accidents across his path he could become 830 00:50:47,360 --> 00:50:51,399 Speaker 1: the longest the ruler in office for the longest time 831 00:50:51,520 --> 00:50:57,399 Speaker 1: since Joseph Stalin. So there's not so it's a little 832 00:50:57,440 --> 00:51:02,680 Speaker 1: more difficult to imagine something that would disincentivize him. Like 833 00:51:02,719 --> 00:51:07,799 Speaker 1: if domestic Russian opinion said, hey, don't put out this bomb. Uh, 834 00:51:07,880 --> 00:51:10,720 Speaker 1: then he could say, well, so what are you gonna 835 00:51:11,600 --> 00:51:13,920 Speaker 1: and what are you gonna? Not elect me? It's very 836 00:51:14,040 --> 00:51:19,280 Speaker 1: dangerous for your health, very oh man. Yeah, this sounds 837 00:51:19,360 --> 00:51:22,879 Speaker 1: terrifying all around. Ben, Yeah, which is a shame because 838 00:51:22,880 --> 00:51:26,040 Speaker 1: I still really want to ride on that icebreaker. And 839 00:51:26,160 --> 00:51:29,800 Speaker 1: this is where I want to pass the past the torch, 840 00:51:29,880 --> 00:51:33,239 Speaker 1: to pass the question to you are fellow listeners in 841 00:51:33,480 --> 00:51:36,560 Speaker 1: the audience, what do you think the future of the 842 00:51:36,760 --> 00:51:41,520 Speaker 1: Arctic will be? What direction do you see things going 843 00:51:41,800 --> 00:51:45,840 Speaker 1: in here? The what what's the long term goal of Russia? 844 00:51:46,360 --> 00:51:48,680 Speaker 1: What should the long term goal of the rest of 845 00:51:48,719 --> 00:51:53,640 Speaker 1: the world be? And is losing the North Pole in 846 00:51:53,719 --> 00:51:57,399 Speaker 1: the ice there is it worth gaining this trade route 847 00:51:57,480 --> 00:52:01,200 Speaker 1: over the long long term? I would argue probably not. 848 00:52:01,480 --> 00:52:04,879 Speaker 1: But again, as our previous story showed, Uh, we're not 849 00:52:05,440 --> 00:52:09,120 Speaker 1: you know, we're not expert economists, so want to hear 850 00:52:09,680 --> 00:52:14,799 Speaker 1: your view. Also have you built, uh, cocaine submarine? Let 851 00:52:14,840 --> 00:52:18,960 Speaker 1: us know, have you what's your opinion on national debt? 852 00:52:19,200 --> 00:52:21,240 Speaker 1: And don't want to add to that end really quickly. 853 00:52:21,400 --> 00:52:25,000 Speaker 1: If you are interested in the minutia of that national debt, 854 00:52:25,360 --> 00:52:30,040 Speaker 1: there's a really cool active graphical site called US debt 855 00:52:30,040 --> 00:52:33,080 Speaker 1: clock dot org. Not only shows you the tick tick 856 00:52:33,160 --> 00:52:35,200 Speaker 1: ticking up of that national debt, but it shows you 857 00:52:35,360 --> 00:52:38,000 Speaker 1: all these other amazing stats. Uh. And you can tell 858 00:52:38,040 --> 00:52:40,560 Speaker 1: which ones are in the positive or the negative by 859 00:52:40,600 --> 00:52:43,399 Speaker 1: whether they're green or red. Um. But it gets shows 860 00:52:43,400 --> 00:52:46,560 Speaker 1: you like, you know, the medium income, medium debt, you 861 00:52:46,600 --> 00:52:50,000 Speaker 1: know of of the citizen or taxpayer, etcetera. And all 862 00:52:50,000 --> 00:52:53,280 Speaker 1: of it's active and tied to you know, um stats 863 00:52:53,320 --> 00:52:55,279 Speaker 1: that are that are constantly updating in real time. So 864 00:52:55,480 --> 00:52:57,680 Speaker 1: it's it's really interesting but also kind of terrifying, but 865 00:52:57,880 --> 00:53:01,200 Speaker 1: hopefully a little less terrifying after our conversation today. And 866 00:53:01,239 --> 00:53:04,279 Speaker 1: if you'd like to learn more about the ins and 867 00:53:04,320 --> 00:53:08,359 Speaker 1: outs of Russia in the Arctic, which I am telling you, folks, 868 00:53:08,440 --> 00:53:11,680 Speaker 1: it's an important story that should be more widely reported 869 00:53:11,719 --> 00:53:15,760 Speaker 1: at the moment. Uh, please do check out some works 870 00:53:15,800 --> 00:53:19,400 Speaker 1: by the Carnegie Endowment. Uh. Please do also check out 871 00:53:19,480 --> 00:53:23,040 Speaker 1: some of the excellent reporting over at Herrets and The 872 00:53:23,080 --> 00:53:28,239 Speaker 1: Guardian as well. Thanks as always for tuning in. We 873 00:53:28,440 --> 00:53:32,120 Speaker 1: cannot wait to hear from you. You can write to us, 874 00:53:32,280 --> 00:53:35,240 Speaker 1: you can call us, you can contact us any number 875 00:53:35,239 --> 00:53:37,520 Speaker 1: of ways, and you might just end up on our 876 00:53:37,600 --> 00:53:41,399 Speaker 1: weekly Listener male segment. That sounds like a deal. You say, 877 00:53:41,719 --> 00:53:44,920 Speaker 1: I want to do that before a nuclear torpedo destroys 878 00:53:44,960 --> 00:53:48,040 Speaker 1: my country. How do I get in contact with you? Well, 879 00:53:48,320 --> 00:53:51,040 Speaker 1: we try to be very easy to find online. Yeah, 880 00:53:51,120 --> 00:53:54,480 Speaker 1: the Internet, so it's a wild and wooly place. Um, 881 00:53:54,480 --> 00:53:56,759 Speaker 1: but we're on there in multiple locations. You can find 882 00:53:56,760 --> 00:53:59,680 Speaker 1: this on Facebook and Twitter where we are conspiracy stuff, 883 00:53:59,760 --> 00:54:02,799 Speaker 1: can bearcy stuff show on Instagram. Um, why not join 884 00:54:02,880 --> 00:54:05,239 Speaker 1: our Facebook group. Here's where it gets crazy to get 885 00:54:05,280 --> 00:54:07,680 Speaker 1: in on the conversation in real time, just like that 886 00:54:07,920 --> 00:54:10,920 Speaker 1: National Debt Clock website. The National Debt Clock, I believe 887 00:54:11,040 --> 00:54:13,920 Speaker 1: is brought to us by the Durst family, the one 888 00:54:13,920 --> 00:54:16,640 Speaker 1: in New York City, Yeah, Manhattan, the Durst of the 889 00:54:16,920 --> 00:54:19,480 Speaker 1: how does how does Oliver put it? The murder bathroom 890 00:54:19,560 --> 00:54:22,560 Speaker 1: murder Dirstys or something like that. It's pretty funny, but yeah, 891 00:54:22,600 --> 00:54:25,160 Speaker 1: it's it's a thing. Um and it's you know, and 892 00:54:25,200 --> 00:54:26,920 Speaker 1: it makes a nice joke of it not being an 893 00:54:26,960 --> 00:54:30,319 Speaker 1: actual clock, because that's not how clocks work. But um, yeah. 894 00:54:30,400 --> 00:54:33,040 Speaker 1: And and the company that are the group that was 895 00:54:33,040 --> 00:54:37,279 Speaker 1: paid to make that submarine for the first episode we 896 00:54:37,280 --> 00:54:39,640 Speaker 1: talked about today, they, according to them, at least, they 897 00:54:39,640 --> 00:54:41,000 Speaker 1: had no idea it was going to be used for 898 00:54:41,000 --> 00:54:43,440 Speaker 1: those purposes. They thought it was just a special submarine 899 00:54:43,480 --> 00:54:47,200 Speaker 1: that latches to the bottoms of you know, ships. It's true, 900 00:54:47,239 --> 00:54:49,200 Speaker 1: I had I had no idea, you know. And a 901 00:54:49,280 --> 00:54:51,680 Speaker 1: small business owner, you just cash the check and do 902 00:54:51,719 --> 00:54:55,080 Speaker 1: the specs, all right, that's right. But yes, as you're saying, well, 903 00:54:55,360 --> 00:54:57,000 Speaker 1: you don't have to do that stuff, you can head 904 00:54:57,000 --> 00:54:59,960 Speaker 1: on over to our phone number. How do you do that? Well, 905 00:55:00,040 --> 00:55:02,319 Speaker 1: you pick up your phone, you dial this number one 906 00:55:02,520 --> 00:55:05,560 Speaker 1: eight three three S T D W y T K. 907 00:55:06,320 --> 00:55:09,120 Speaker 1: Wait for Ben. He'll tell you what to do. Then 908 00:55:09,239 --> 00:55:11,600 Speaker 1: you've got three minutes. Tell us the name you'd like 909 00:55:11,640 --> 00:55:13,160 Speaker 1: for us to call you, whether or not we can 910 00:55:13,320 --> 00:55:16,000 Speaker 1: use your message on air. Leave your message then if 911 00:55:16,000 --> 00:55:18,359 Speaker 1: you want to say anything at the end, just for us, 912 00:55:18,760 --> 00:55:20,919 Speaker 1: please put it there. If you need to go over 913 00:55:21,000 --> 00:55:24,120 Speaker 1: three minutes for any reason, we recommend instead of leaving 914 00:55:24,200 --> 00:55:28,480 Speaker 1: multiple messages, send all that good info to us via email. 915 00:55:28,960 --> 00:55:32,040 Speaker 1: You can always reach us. We are conspiracy at i 916 00:55:32,120 --> 00:55:53,239 Speaker 1: heart radio dot com. Stuff they don't want you to 917 00:55:53,280 --> 00:55:56,040 Speaker 1: know is a production of I heart Radio. For more 918 00:55:56,080 --> 00:55:58,879 Speaker 1: podcasts from my heart Radio, visit the i heart radio app, 919 00:55:58,960 --> 00:56:01,800 Speaker 1: Apple Podcasts, or wherever you listen to your favorite shows.