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Speaker 1: Welcome to the show, ladies and gentlemen. Today, we have

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Speaker 1: something that a few people might call controversial. We're talking

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Speaker 1: about Tom's We're talking about deuces. We're talking about two

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Speaker 1: dollar bills. I bet two dollar bills rule everything around me? Then, right,

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Speaker 1: dream and some money two dollar bills, y'all, No, it's

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Speaker 1: me No. And of course we're joined with our super producer,

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Speaker 1: Casey and Pegram. Casey, I'm laughing because off air, I

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Speaker 1: was wondering if we should give you some kind end

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Speaker 1: of currency related nickname for this for this show. How

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Speaker 1: about Casey Greenback's Pegram. I like that. Yeah, I'm sold enough. Ben.

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Speaker 1: You know, I only really recently realized that cream stands

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Speaker 1: for cash rules everything around me. Really, I'm a huge

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Speaker 1: fan that concept, But not just the acronym cream. I'm

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Speaker 1: a fan of all of the multitudes of slang words

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Speaker 1: we have made for currencies, both in the US and

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Speaker 1: abras Scratch yeah, cheese, cabbage, grip, yeah, there's grip, a

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Speaker 1: stack of bill. It's so it's so contextual and so

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Speaker 1: ubiquitous now, and there's such a wide range of slang

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Speaker 1: words that I feel like, if you if you say,

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Speaker 1: just a made up phrase while you're handing someone money,

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Speaker 1: then they will believe that slang for money. So if I,

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Speaker 1: if you and I and Casey were at Dave and

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Speaker 1: Busters or something, they have their own currency. Oh crap, Yeah,

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Speaker 1: they beat us that cluster Bucks. Bluster Bucks, Yeah, a

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Speaker 1: pale shadow of bend Bucks from what I hear. Objective.

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Speaker 1: So but here, like, imagine this, so we're in um,

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Speaker 1: you know, we're in some place I don't know, a

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Speaker 1: ritzy club or something, but the Ritz Carlton. There we

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Speaker 1: go literally ritzy. Yes, well that's where at the Ritz Carlton.

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Speaker 1: And if we pay someone at the hotel counter and

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Speaker 1: then we say, well, let me throw a couple of

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Speaker 1: pony bones away, and it's like two bills, they're just

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Speaker 1: gonna roll with it, and they may later refer to

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Speaker 1: cash as pony bones, which is kind of morbid. I'm

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Speaker 1: I would I would maybe be something like, yeah, let

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Speaker 1: me grease your palm with a couple of these sweet

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Speaker 1: Jim Jams, Jim Jams, Jim Jams. I feel like, yeah,

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Speaker 1: I feel like we're we've established this um interesting etymology

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Speaker 1: that's still evolving. But today's episode, as we said, is

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Speaker 1: about something a little controversial in the world of US currency,

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Speaker 1: the two dollar bill, the deuce, the tom. Yeah, that's

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Speaker 1: why the slaying terms were Ye. I wanted to ask

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Speaker 1: you at the top here. Do you have a lot

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Speaker 1: of experience with two dollar bills? Do you have a

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Speaker 1: like a story or did something happen to you? Well,

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Speaker 1: all of my life savings are in two dollar bills

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Speaker 1: inside of dirty mattresses, That's the truth. And you save

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Speaker 1: money that you would have otherwise had to spend on

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Speaker 1: cleaning the mattresses. Well, it's also like, you know, they're

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Speaker 1: super rare, right Ben, So, I mean they're gonna one

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Speaker 1: day be worth well more than two dollars apiece, my man,

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Speaker 1: am I right? Sure, they're worth their weight of in

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Speaker 1: saffron and uh, golden pony bones, diamond dust. Yeah, but no,

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Speaker 1: that is a common misconception though, right, that two dollar

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Speaker 1: bills are rare and you should hang onto them. Um,

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Speaker 1: which is kind of a funny little conundrum that we'll

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Speaker 1: get into a little later. But why don't we start

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Speaker 1: off with sort of the broad strokes. Um, what's the

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Speaker 1: history of the deuce? Excellent silent point to begin Uh,

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Speaker 1: the deuce or the tom first comes to the United States.

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Speaker 1: It's first printed, that is, in eighteen sixty two. Before

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Speaker 1: that time, the States would allow banks to print their

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Speaker 1: own currency, and that was pretty problematic. There's a good

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Speaker 1: illustration of it in this documentary you and I watched

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Speaker 1: called the two dollar Bill documentary. The two dollar Bill

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Speaker 1: document a burse of creativity. So not to try to

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Speaker 1: be addictive filmmakers, it's very very good, but come on, guys, right,

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Speaker 1: that's by a writer and director John Bernardo, and in

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Speaker 1: there they have some experts explain how the problem with

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Speaker 1: bank issued currency is that the further away you are

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Speaker 1: from the bank physically, the less likely other institutions are

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Speaker 1: to accept it at full face value. They call them

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Speaker 1: broken banknotes. Right. Yeah, So like a bank in Florida

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Speaker 1: prints out a two dollar bill or five dollar bill,

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Speaker 1: it doesn't matter. A bank in Maine might say, we'll

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Speaker 1: give you fifty cents for it. That's really funny. Or

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Speaker 1: they might also just be like, get this trash out

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Speaker 1: of my face. Yeah, get this this, get this Florida

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Speaker 1: rag out of here. Well, it's sort of the same

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Speaker 1: idea as you know, trading in in items like if

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Speaker 1: you know, like I say, a shell or or some

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Speaker 1: sort of, you know, carved wooden piece is worth something,

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Speaker 1: and then I take it to some other community and

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Speaker 1: they disagree. You know, what are you supposed to do?

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Speaker 1: And this is issually too, because if the bank that

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Speaker 1: issued the note folded, it would become an obsolete note

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Speaker 1: and become absolutely worthless. But you know, it takes time

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Speaker 1: for word to travel, right, so it could even be

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Speaker 1: um weeks or months before someone farther away even found

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Speaker 1: out that the bank had closed, and they might still

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Speaker 1: give you you know, yes, So it's time dependent, it's

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Speaker 1: not it's not very sustainable. This changes, hopefully for the

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Speaker 1: United States in eighteen sixty two in March when they

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Speaker 1: issue currency, they is one dollar bills and they issued

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Speaker 1: two dollar bills and spoiler alert, two dollar bills are

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Speaker 1: the hot business people in that time made an average

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Speaker 1: of around fifteen dollars a month. Interesting, So if you

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Speaker 1: have two dollars and you're paying, you're throwing down two's.

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Speaker 1: That's gonna be my new sling, throwing down to throwing

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Speaker 1: down twos drop induces. Yeah wait, yeah, I think someone

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Speaker 1: beat us to that one. It's true. But here the

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Speaker 1: reason that they changed this game up is because they

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Speaker 1: needed to finance the war, right, the Civil War, that is,

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Speaker 1: the Confederacy actually had a little forethought and they issued

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Speaker 1: their own currency. But the Union tried to borrow its

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Speaker 1: way through the war at rapacious interest rates. Right, So

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Speaker 1: in response, the US passed these three legal tender acts

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Speaker 1: that resulted in the issuing of I believe in the

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Speaker 1: neighborhood of four hundred and fifty mill in UH. Legal

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Speaker 1: tender which means what, man, what is legal tender? So

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Speaker 1: legal tender or legal tender you we might be more

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Speaker 1: familiar with it through the slang name greenbacks, which is

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Speaker 1: way cooler and sexier than legal tender. Uh. These were

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Speaker 1: replacements for what we're called demand notes or earlier greenbacks,

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Speaker 1: and essentially they were a form of fiat currency. Legal

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Speaker 1: tender means that they can be used for any debt

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Speaker 1: for like a public debt perhaps the Union with face

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Speaker 1: due to the atrocious interest rates in the war, or

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Speaker 1: a private debt, except that I think they had an uh,

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Speaker 1: they had one exception. Let's see. I Yes, this note

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Speaker 1: is a legal tender for all debts public and private.

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Speaker 1: Accept duties on imports and interest on the public debt,

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Speaker 1: and as redeemable and payment of all loans made to

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Speaker 1: the United States. It's an iou Oh my gosh. Now

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Speaker 1: I thought fiat currency meant that it was backed by

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Speaker 1: just faith in the government. Yeah, the fiat currency means

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Speaker 1: that it's backed by the institute and institutional beliefs. So

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Speaker 1: there are other things that will come along, called silver certificate.

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Speaker 1: That's right. Not only that there were notes backed by coin.

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Speaker 1: There were the silver certificates, There were Federal Reserve notes,

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Speaker 1: and there were national bank notes. So you can find

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Speaker 1: in various various places online you can find a picture

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Speaker 1: of earlier currencies. We should caveat our our timeline here

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Speaker 1: because we said in eighteen sixty two, in March, that's

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Speaker 1: when we have the first wide scale printing of the

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Speaker 1: two dollar bills. There were other private entities like banks

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Speaker 1: printing things prior to that. There were also other two

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Speaker 1: dollar bills before then, but they were they were much

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Speaker 1: smaller in scope and distribution because by the time the

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Speaker 1: US broke with England, or by the time excuse me,

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Speaker 1: the American colonies at that point broke with England, they

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Speaker 1: had been putting out paper currency for nearly a century,

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Speaker 1: but they didn't like continental currency existed but they still

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Speaker 1: hadn't gotten the formula quite right or worked out the process.

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Speaker 1: And you can see in the National Museum of American

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Speaker 1: History you can see examples of this older currency and

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Speaker 1: it just looks pisspard. Oh dude, it looks like something

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Speaker 1: you'd find in a pirate wreck. Yeah, like yeah, and no, yeah,

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Speaker 1: I I see now too, Ben. I have this note

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Speaker 1: that um, they issued forty nine thousand, two dollar bills, UM,

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Speaker 1: and that was for quote bills of credit for the

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Speaker 1: defense of America. It wasn't until almost a century later,

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Speaker 1: on July eleven of eighteen sixty two, the Congress decided

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Speaker 1: to make that two dollar denomination part of the nation's

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Speaker 1: legal tender, as we discussed earlier. So I think we're

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Speaker 1: up to date with the two dollar bill. Let's talk

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Speaker 1: a little bit about a rivalry. I think I know

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Speaker 1: where this is going. A little beef Yeah, two prominent

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Speaker 1: founding fathers were what I like to call beefed up

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Speaker 1: for a long time to have this rivalry. Let's do

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Speaker 1: a slow build up to to those beefed up rivals

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Speaker 1: and explore what this bill actually looked like. Yeah, and

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Speaker 1: also like whose faces appeared, which will lead us to

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Speaker 1: the good question. Um, So these bills and all American

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Speaker 1: legal tender use a process that's called intaglio printing, which

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Speaker 1: is it's really really cool. It's like the opposite of

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Speaker 1: relief printing, UM, which means that it's got these fine lines,

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Speaker 1: these etch deep etchings um in these plates, and the

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Speaker 1: designs are cut or scratched into these plates and they

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Speaker 1: can be copper or zinc or aluminum or plastic or

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Speaker 1: magnesum or even like coated paper, and the ink is

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Speaker 1: rubbed into these grooves and then the paper is placed

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Speaker 1: on top of it, and it requires great amounts of

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Speaker 1: pressure to get that to take yes, and you end

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Speaker 1: up with this really beautiful, fine kind of embossed look.

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Speaker 1: And I think it takes seventy two hours to do

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Speaker 1: each side, at least here in the modern day because

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Speaker 1: of the drying. Right, because there's so much ink on

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Speaker 1: the two dollar bill if you look at either side

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Speaker 1: of it, the printing, which is beautiful, is very detailed. Also,

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Speaker 1: the coolest part is if you get a chance, go

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Speaker 1: online and watch the engravers making the plates. What a

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Speaker 1: weird rarefied job. It's pretty cool too. You see them

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Speaker 1: with those what do you call that a loop like

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Speaker 1: a jeweler's loop monocle looking thing where they're examining them

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Speaker 1: to make sure they're perfect. And each plate has a

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Speaker 1: of specific code that ends up on the front end

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Speaker 1: back of the note and can even tell you like

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Speaker 1: where it was printed. And the thing about the two

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Speaker 1: is that it actually has some of the most ornate

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Speaker 1: intaglio printing of any US note um And that's because

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Speaker 1: the back of it has a very large scene in

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Speaker 1: the middle, much much more elaborate than than some other

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Speaker 1: bills that were used to Yeah, a lot of people

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Speaker 1: think that the the back end, for lack of a

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Speaker 1: better phrase, of the two dollar bill is the signing

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Speaker 1: of the Declaration of Independence. However, we are going to

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Speaker 1: give you a gift, friends and brews. Now you will

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Speaker 1: be armed with a small bit of trivia for your

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Speaker 1: next sire. Let's just call it truth man, let's drop

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Speaker 1: some knowledge, some truth. It's time for a two dollars

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Speaker 1: worth of truth bombs here, folks. It is not actually

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Speaker 1: called the signing of the Declaration of Independence. Yeah, it's

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Speaker 1: just the Declaration of Independence. And it's a painting by

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Speaker 1: John Turnbull, and it just depicts the presentation of the

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Speaker 1: signed document to the Continental Committee, of which Thomas Jefferson

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Speaker 1: was a member. And I don't have the exact names, um,

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Speaker 1: but some of the lesser players I think they were

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Speaker 1: like forty two people pictured in this. Um. They had

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Speaker 1: to do a redone version of this for the bill

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Speaker 1: so that they could actually fit it all into that

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Speaker 1: little picture hole. That's what I'm calling it. That's the

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Speaker 1: picture hole. UM call it the frame. Maybe kind of

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Speaker 1: cropped out some dudes that they felt were superfluous, And

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Speaker 1: the fact that I don't know their names probably speaks volumes.

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Speaker 1: You can find, of course, a list of the names.

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Speaker 1: It's not too far out there to say many of

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Speaker 1: those names would be unfamiliar to the average you know

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Speaker 1: us kid today, but there are so many we aren't.

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Speaker 1: We aren't going to go through the whole list. That

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Speaker 1: would be uh, wait for it, ridiculous. Yeah, we got there,

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Speaker 1: and I see what you did. But you know, Ben

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Speaker 1: Franklin's there, Thomas Jefferson is, as you mentioned, Noel. Also,

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Speaker 1: George Clinton is there, like of Parliament funkadelic. Yep, he's

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Speaker 1: in the back. No, No, not not that George Clinton. Unfortunately, Uh,

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Speaker 1: he is a time traveler a funk, but you can

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Speaker 1: see the entire list of these people. The reason we're

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Speaker 1: bringing this up is because if you look at the

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Speaker 1: detail of this engraving, you can see how this this

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Speaker 1: separates a two dollar bill in terms of sophistication from

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Speaker 1: many other examples of US currency. And one of the

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Speaker 1: things that caught in our minds was, I, I don't

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Speaker 1: know if you had ever heard this growing up, but

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Speaker 1: people have told me in the past that two dollar

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Speaker 1: bills were bad luck. You had mentioned that earlier, Ben,

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Speaker 1: but I had not heard that. Um, does that mean

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Speaker 1: I should stop sleeping on my mattress is full of

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Speaker 1: two dollar bills? I you know, I I don't know.

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Speaker 1: I don't I don't know how it works, bad luck

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Speaker 1: or no, they're incredibly comfortable. Well, of course, it's a

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Speaker 1: comfortable mattress and good night's sleep. The two dollar bill,

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Speaker 1: like all US currency, is printed on very high quality paper.

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Speaker 1: But it may even be a mistake to call it

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Speaker 1: a paper. Yeah, it's actually a fine blend of cotton

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Speaker 1: and lenin. In fact, some of my hoarded two dollar

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Speaker 1: bills I have sewn together into a delightful sheet set.

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Speaker 1: Oh that's cool. You could also make a cape that

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Speaker 1: would be awesome pun show perhaps perhaps No, no, not both.

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Speaker 1: You can't wear him. At the same time that people

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Speaker 1: wouldn't take you as seriously. Poncho and a cape. People

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Speaker 1: would be like that guy needs to be more definitive

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Speaker 1: in his decisions. A poncho is kind of just like

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Speaker 1: a cape all around, a light cape, you know, yeah, exactly, Yeah,

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Speaker 1: that would be extreme to wear a poncho. Do you

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Speaker 1: think anybody has front capes? Oh? Yeah, aprons? Never mind,

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Speaker 1: moving on. Yeah, this this stuff, it's got a surprising

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Speaker 1: amount of cotton in it, which helps with the durability

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Speaker 1: because when we think about it, if you had typical

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Speaker 1: printing paper and stuff was printed on there, it would

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Speaker 1: be easier to counterfeit, but it would be much more

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Speaker 1: vulnerable to wear and tear. And that's a whole big

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Speaker 1: part of the processes they used to make these bills

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Speaker 1: is to make them hard to duplicate um. In fact,

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Speaker 1: there's a whole another step in the printing process where

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Speaker 1: all of those little stamps and seals, those are all

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Speaker 1: done in a separate, completely separate layer, so it's like

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Speaker 1: a different set of ink, and it's you know, it's very,

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Speaker 1: very difficult to successfully counterfeit. And did you yeah, and

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Speaker 1: did you know that one company supplies all of the paper.

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Speaker 1: It's a place called the Crane Company. I did not

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Speaker 1: know that, but it makes sense, right, if you could

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Speaker 1: just get it anywhere, that'd be no good, you know,

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Speaker 1: But talk about a great business model to those guys

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Speaker 1: are set. Yeah, And in the film that we're talking about,

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Speaker 1: the documentary about the two r bill, it shows this

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Speaker 1: process and the folks that craft and maintain these plates,

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Speaker 1: they're really like, you know, artisans. I mean, it really

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Speaker 1: is a very high precision skill to be able to

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Speaker 1: work with these I mean, you're, like I said, they

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Speaker 1: are doing a lot of it by hand, and it's

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Speaker 1: very intricate form of printmaking essentially right, And this process

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Speaker 1: has proven to be beneficial for the US, and a

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Speaker 1: lot of other countries have modeled some behaviors off of this.

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Speaker 1: But I want to get back to I don't want

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Speaker 1: to get lost in the conversation. And we lost the beef,

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Speaker 1: well lost the bad luck luck and then because I

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Speaker 1: was yeah, yeah, yeah, So a lot of us have

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Speaker 1: heard that the two dollar bill is associated with bad luck,

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Speaker 1: and the question is why because, as it turns out,

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Speaker 1: it is not associated with any specific tragic event or

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Speaker 1: a murder. And yes, the forty two people that are

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Speaker 1: in the in the Trumbull painting or engraving rather are

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Speaker 1: all dead. But that's just because that's what happens to

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Speaker 1: be the way of the old white dude. It was

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Speaker 1: not unusual. Uh And we have to dig into a

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Speaker 1: little bit of speculation to find where this superstition occurred.

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Speaker 1: Superstition is the correct word. It's kind of like four

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Speaker 1: leaf clovers being lucky, you know. Uh So two dollar

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Speaker 1: bills were tied to brothels early in the twentieth century.

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Speaker 1: You could use a two dollar and it kind of continues,

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Speaker 1: but you could use a two dollar bill for a

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Speaker 1: m well, we're family show. Maybe the best way to

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Speaker 1: put it is a a very quick experience, you know

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Speaker 1: what I mean, not the premium treatment whatever that was. Also,

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Speaker 1: two dollars used to be a standard betting price point

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Speaker 1: in horse races. That is pretty cool, man. I'm gonna

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Speaker 1: go ahead and drop this now. It's because it's neat

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Speaker 1: and in associate with what you're saying. But there's a story,

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Speaker 1: um in the modern day of two dollar bills being

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Speaker 1: associated with not brothels, but strip clubs. Gentlemen. I think

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Speaker 1: we talked about this on a previous episode, that Oregon

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Speaker 1: Portland in fact has the highest number of strip clubs

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Speaker 1: like per capita or something like that, which is still

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Speaker 1: so amazing. You know. I learned that from my uber

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Speaker 1: driver when you were visiting. Yeah, and that you do

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Speaker 1: so you mentioned that, and that kind of blew my mind.

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Speaker 1: I was not expecting it. But um, as it turns out,

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Speaker 1: there's one strip club in particular called Club Diablo UM,

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Speaker 1: where the proprietor thought it would be really clever to

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Speaker 1: get a whole bunch of two dollar bills because you

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Speaker 1: can get them easily. Just get them, get them today,

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Speaker 1: get him at the bank, um, and stain them in

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Speaker 1: red ink to make them look like they were blood stained,

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Speaker 1: and then he would give them out as change as

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Speaker 1: kind of a gimmick in his establishment. But it turns

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Speaker 1: out that they ended up circulating all over town and

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Speaker 1: people stopped taking them and it became an issue. It's

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Speaker 1: like it's a Charlotte letter, and the word got back

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Speaker 1: that it was all as a result of of this,

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Speaker 1: this strip club impresario's little gimmick which was meant to

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Speaker 1: connect his place with the vampire film from Dust Till

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Speaker 1: Dawn by Robert Rodriguez and with Quentin Tarantino in it,

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Speaker 1: where there is like a strip club, you know, populated

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Speaker 1: by blood sucking vampire ladies. Um. And he actually got

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Speaker 1: the law on him pretty hard. The c I a

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Speaker 1: UM was investigating him and the FBI actually came to

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Speaker 1: the bar. And you know what, that wasn't enough to

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Speaker 1: spook him. This guy, by the way, has it made

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Speaker 1: using strip clubby name of Johnny Zukle. Johnny Zukle. Pretty

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Speaker 1: you gotta say it with a little bit of rasp

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Speaker 1: in your voice, Johnny Johnny Zukle. He he was not shaken. Um.

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Speaker 1: It wasn't until you know, things started to escalate that

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Speaker 1: he finally backed down. Um. But just wanted to drop

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Speaker 1: that in there. And because I think that's that that

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Speaker 1: ties in with what you were saying. But let's go

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Speaker 1: back back to the back, back back to the beef,

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Speaker 1: back to the backy, back to the beef. Let's see

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Speaker 1: who's beefed up. So we mentioned that in terms of

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Speaker 1: bad luck, the superstition probably originates more from people's perception

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Speaker 1: what the money was used for, and as no point out,

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Speaker 1: that's still around a little bit today, but it's not

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Speaker 1: associated with a tragedy. We did a little bit of foreshadowing.

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Speaker 1: We mentioned the people on the back of the bill,

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Speaker 1: but let's pay off the foreshadowing. Now, who are the

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Speaker 1: people on the front, because they change over time. Well,

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Speaker 1: remember when we were talking about those um early versions

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Speaker 1: of currency, when all of the regions I guess are

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Speaker 1: smaller areas could have their own There were in those

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Speaker 1: days around a thousand completely unique two dollar bills just

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Speaker 1: floating around, and we mentioned what a problem that was.

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Speaker 1: Then enter the Civil War. We now have legal tender

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Speaker 1: and the first two dollar bill it's officially issued has

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Speaker 1: Alexander Hamilton's Alexander Hamilton's Alexander Hamilton's like the the guy

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Speaker 1: from both the musical and also fun fact, a real

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Speaker 1: life founding father of the United States. Very true, he

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Speaker 1: along with his nemesis. I don't know if that's fair.

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Speaker 1: We're probably creating a bit of a false narrative there,

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Speaker 1: But no, no, they had issues. They definitely had issues.

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Speaker 1: Hamilton's and Jefferson both founding fathers. They had very different

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Speaker 1: ideas of what the government should be. Hamilton's Federalist party

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Speaker 1: wanted to centralize the government, um wanted to represent the

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Speaker 1: interests of trade, manufacturing, big city, you know, cosmopolitan ideas.

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Speaker 1: Thought these were forces that would be crucial for progress

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Speaker 1: in this new society. Strong central government, strong central currency,

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Speaker 1: public debt. He didn't like, Radicals, didn't want him, didn't

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Speaker 1: trust him anyone to maintain good relationships with England because

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Speaker 1: they would be a trading partner, you know, right. And

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Speaker 1: Hamilton's economic plan for the nation included making a bank,

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Speaker 1: national bank, like the kind that existed in England, for

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Speaker 1: the purpose of maintaining public credit. One of the very

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Speaker 1: controversial things that he proposed at the time was to

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Speaker 1: consolidate state's debts. And Jefferson and his faction Republicans also

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Speaker 1: known as the Republican Democrats at times Republican dash Democrats.

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Speaker 1: It's a weird one. This faction took the position that,

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Speaker 1: let's say, Virginia should not be responsible for debts accrued

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Speaker 1: by New York. So it's a very almost isolation anist

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Speaker 1: states rights kind of vibe federalist anti federalists exactly. And

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Speaker 1: if Hamilton's is the city mouse, Jefferson is the country

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Speaker 1: mouse because the Republican Party wanted to mainly take care

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Speaker 1: of agriculture and agrarian have an agrarian society, did not

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Speaker 1: trust bankers unconcerned with manufacturing and commerce. Again, like you said, Ben,

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Speaker 1: all about these states rights, self sufficient communities. Um, there's

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Speaker 1: a great quote where he said, I am not a

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Speaker 1: friend to a very energetic government, right right, So this

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Speaker 1: is weird because originally is Alexander Hamilton's on that first

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Speaker 1: two dollar bill and that was because, of course he

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Speaker 1: got his way. He was the Secretary of the Treasury.

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Speaker 1: He got that National Bank that was established in February

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Speaker 1: of seventeen ninety one. And then a little time goes

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Speaker 1: by eighteen sixty two rolls around that too, that deuce

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00:23:57,400 --> 00:24:00,639
Speaker 1: comes out. Uh, we got old alex Hamilton's face on

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Speaker 1: the front because like you said, he was the Secretary

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Speaker 1: of the Treasury. And I guess maybe you want I

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Speaker 1: don't know, do you think he wanted it? Do you

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Speaker 1: think he pushed for it? You get care and I

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00:24:07,960 --> 00:24:10,520
Speaker 1: don't know's you know, you have to wonder is it

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Speaker 1: awkward to bring that up in conversation, to be the

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Speaker 1: person who says, you know what would what would be

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Speaker 1: a great portrait, guys, because we're doing portraits for these

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Speaker 1: for these dollars. I'm in Secretary of the Treasury, so

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Speaker 1: I think like we could do an equal but we

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Speaker 1: should We should probably do me. That just seems very weird.

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Speaker 1: And there's something Kanye west Ish about it, you know,

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Speaker 1: Kanye West is talking about is it dragon power these days?

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Speaker 1: Or egal egal power, Eagle power? It should be Eagle

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Speaker 1: Bays dragon power. I think it's dragon energy, dragon energy.

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Speaker 1: Thank you. That's been Casey on the case. And you

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Speaker 1: may be asking yourself the question we asked ourselves off air.

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Speaker 1: Uh A dragon energy and higher blood related. Did they

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Speaker 1: play some sort of role in the publication two dollar bill? Uh?

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Speaker 1: That is currently lost to history? But right, and if

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Speaker 1: you have any ideas, you know what else has lost history?

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Speaker 1: And it's that Why did Jefferson swoop in and knock

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Speaker 1: his old nemesis Hamilton's off of the bill? Yeah? In

425
00:25:06,680 --> 00:25:11,040
Speaker 1: eighteen sixty nine, just a few years later, Thomas Jefferson's

426
00:25:11,080 --> 00:25:14,000
Speaker 1: portrait replaces Hamilton's and it's used on the two dollar

427
00:25:14,080 --> 00:25:18,240
Speaker 1: note for the first time, and it's been used ever since.

428
00:25:18,280 --> 00:25:20,800
Speaker 1: But what I'm saying as no one. I have not

429
00:25:20,920 --> 00:25:24,440
Speaker 1: found any sources saying why this happened, Why did Hamilton's

430
00:25:24,440 --> 00:25:27,320
Speaker 1: fall out of favor? Right, And there's there's a really

431
00:25:27,320 --> 00:25:31,959
Speaker 1: cool part in this documentary where in one of the

432
00:25:32,119 --> 00:25:36,960
Speaker 1: historians explains when when asked about all these different portraits

433
00:25:37,000 --> 00:25:41,159
Speaker 1: that are on various forms of currency in the US,

434
00:25:41,200 --> 00:25:44,720
Speaker 1: he says that the history is largely unwritten, and many

435
00:25:44,760 --> 00:25:47,600
Speaker 1: times the best thing historians can say is just that

436
00:25:48,119 --> 00:25:51,959
Speaker 1: it is ultimately up to the Secretary of the Treasury

437
00:25:52,000 --> 00:25:58,359
Speaker 1: to decide. So Alexander Hamilton's is no dies, so he

438
00:25:58,480 --> 00:26:01,880
Speaker 1: certainly had no saying. Neither did Thomas Jefferson. Maybe our

439
00:26:01,920 --> 00:26:06,439
Speaker 1: best bet is to ask ourselves who the Secretary of

440
00:26:06,520 --> 00:26:09,480
Speaker 1: the Treasury was in eighteen sixty nine when that picture

441
00:26:09,560 --> 00:26:15,040
Speaker 1: change occurs. That's Hugh McCullough from Indiana, the secretary. Maybe

442
00:26:15,040 --> 00:26:17,280
Speaker 1: he was beefed up with Hamilton's two and just wanted to,

443
00:26:17,680 --> 00:26:22,200
Speaker 1: you know, give his legacy a good thrashing. Perhaps perhaps,

444
00:26:22,200 --> 00:26:26,439
Speaker 1: Oh and let me amend that same year mccullo was

445
00:26:26,480 --> 00:26:31,360
Speaker 1: replaced by George S. Bookedwell, who also may have been

446
00:26:31,359 --> 00:26:35,040
Speaker 1: beefed up with Hamilton's very volatile times in the Secretary

447
00:26:35,080 --> 00:26:37,760
Speaker 1: of the Treasury, and and like you said earlier, these

448
00:26:37,800 --> 00:26:42,440
Speaker 1: bills were popular because of the nature of of wages,

449
00:26:42,960 --> 00:26:45,399
Speaker 1: and the two sort of two would be like the

450
00:26:45,400 --> 00:26:48,560
Speaker 1: way we might drop a hondo today, you know, to

451
00:26:48,680 --> 00:26:52,119
Speaker 1: really throw throw a weight around. And there was also

452
00:26:52,640 --> 00:26:56,960
Speaker 1: the Gold Panic in eighteen sixty nine, so maybe those events,

453
00:26:57,000 --> 00:26:59,600
Speaker 1: those events tied into it. So we should probably do

454
00:26:59,760 --> 00:27:03,439
Speaker 1: an episode on some of those catastrophic financial disasters that

455
00:27:03,480 --> 00:27:07,760
Speaker 1: occurred in the eighteen hundreds that remain relatively obscure today.

456
00:27:08,000 --> 00:27:10,719
Speaker 1: You know, I love anything with panic in it, Gold Panic,

457
00:27:10,840 --> 00:27:14,320
Speaker 1: Satanic panic, Satanic panic, panic at the disco, manic panic.

458
00:27:14,320 --> 00:27:17,280
Speaker 1: Remember that haired out hair dye? Yeah, yeah, skate shops

459
00:27:17,280 --> 00:27:19,080
Speaker 1: back in the day, back at gad zooks. Do you

460
00:27:19,080 --> 00:27:20,920
Speaker 1: ever die your hair bright pink or red? Do you

461
00:27:20,960 --> 00:27:23,159
Speaker 1: ever have a you never went through a phase like that.

462
00:27:23,800 --> 00:27:28,760
Speaker 1: Our our coworker and um compatriot, Holly fry Gate, brought

463
00:27:28,760 --> 00:27:31,720
Speaker 1: me some silver hair dye today because I have this

464
00:27:31,840 --> 00:27:34,719
Speaker 1: really dope silver gray gray streak in my hair. Got

465
00:27:34,840 --> 00:27:36,600
Speaker 1: characterized it as being dope because I'm just a fan.

466
00:27:36,760 --> 00:27:38,359
Speaker 1: It just isn't just the right place. People think that

467
00:27:38,400 --> 00:27:40,560
Speaker 1: I did it on purpose, but I didn't but Holly's like,

468
00:27:40,600 --> 00:27:41,679
Speaker 1: you know, you need to really take that up a

469
00:27:41,720 --> 00:27:44,760
Speaker 1: notch and just make it like shiny silver. I thought

470
00:27:44,800 --> 00:27:48,560
Speaker 1: she was joking like Rogue in the Oh wait silver

471
00:27:48,640 --> 00:27:51,120
Speaker 1: not white silver. Not well so she's totally like Rode

472
00:27:51,160 --> 00:27:53,439
Speaker 1: the next Men. But she presented me with a tube

473
00:27:53,480 --> 00:27:58,920
Speaker 1: of hair stuff. Maybe congratulations, thanks man. Yeah, and we're

474
00:27:58,960 --> 00:28:01,560
Speaker 1: gonna drop it in. You gonna don't do it over

475
00:28:01,600 --> 00:28:03,199
Speaker 1: the weekend. I don't want to hurt how he's feelings.

476
00:28:03,280 --> 00:28:05,080
Speaker 1: Does it wash out or is it a permanent one?

477
00:28:05,960 --> 00:28:09,440
Speaker 1: It looks permanent. Look it's a commitment, commitment. Maybe try

478
00:28:09,480 --> 00:28:11,880
Speaker 1: some some of that washout dive first, see how you feel,

479
00:28:11,920 --> 00:28:14,280
Speaker 1: get some of the theater stuff that you just sprayed.

480
00:28:14,440 --> 00:28:16,000
Speaker 1: I was just sort of like, Holly, I don't think

481
00:28:16,040 --> 00:28:19,159
Speaker 1: I'm I'm not lacking. I'm good with this. She's like, no,

482
00:28:19,240 --> 00:28:21,280
Speaker 1: it can be better. You can take it up a notch.

483
00:28:21,520 --> 00:28:24,439
Speaker 1: But anyway, we digress. Best of intentions always, no, Holly's

484
00:28:24,440 --> 00:28:31,200
Speaker 1: the best, so so yes. Panics aside and motivations somewhat

485
00:28:31,280 --> 00:28:35,800
Speaker 1: unknown or murky, The fact remains that Thomas Jefferson replaced

486
00:28:35,840 --> 00:28:39,640
Speaker 1: Alexander Hamilton's on the two dollar bill in eighteen sixty nine.

487
00:28:39,720 --> 00:28:42,760
Speaker 1: And the fact also remains that over time, a good

488
00:28:42,800 --> 00:28:45,960
Speaker 1: bit of time, the two sort of fell out of favor.

489
00:28:46,400 --> 00:28:50,640
Speaker 1: Yeah yeah, And it had lower printing numbers starting in

490
00:28:50,680 --> 00:28:54,440
Speaker 1: about the nineteen fifties, and this is what led to

491
00:28:54,560 --> 00:28:56,640
Speaker 1: for a time the two dollar bill becoming the rarest

492
00:28:57,240 --> 00:29:02,320
Speaker 1: current denomination of US currency, and people started to hoard

493
00:29:02,640 --> 00:29:05,600
Speaker 1: two dollar bills. But as a result, this decreased the

494
00:29:05,640 --> 00:29:09,400
Speaker 1: circulation even more. It's right. It's a really great Mental

495
00:29:09,400 --> 00:29:13,400
Speaker 1: Faces article about the curious case of the two dollar bill,

496
00:29:13,880 --> 00:29:16,800
Speaker 1: and they talk about the idea of the two dollar

497
00:29:16,840 --> 00:29:19,560
Speaker 1: build sort of being surrounded by circular logic, one of

498
00:29:19,600 --> 00:29:23,600
Speaker 1: those notions being that no one uses them because no

499
00:29:23,640 --> 00:29:28,200
Speaker 1: one uses them, right, Yeah, So they're not printed because

500
00:29:28,200 --> 00:29:30,640
Speaker 1: people are disinclined to use them, But people are disinclined

501
00:29:30,680 --> 00:29:33,920
Speaker 1: to use them because they're not printed very often, right,

502
00:29:34,480 --> 00:29:38,040
Speaker 1: And they're always something worth commenting on. Their Many people

503
00:29:38,040 --> 00:29:41,920
Speaker 1: find them to be remarkable in some way or memorable,

504
00:29:42,000 --> 00:29:47,959
Speaker 1: which is why at modern day gentlemen's club, gentleman's parlor,

505
00:29:49,960 --> 00:29:52,720
Speaker 1: gentlemen's lobby. I'm just thinking of different words for building.

506
00:29:52,840 --> 00:29:56,080
Speaker 1: It's a lounge. There we go, there we go uh.

507
00:29:56,120 --> 00:30:00,360
Speaker 1: In this article by Hannah Keyser, we do see that

508
00:30:00,920 --> 00:30:05,440
Speaker 1: this logic works against at least the the prevalence of

509
00:30:05,480 --> 00:30:08,720
Speaker 1: the two dollar bill, uh, even if it does help

510
00:30:08,800 --> 00:30:15,400
Speaker 1: its popularity. And this eventually leads to the federal ment

511
00:30:15,440 --> 00:30:18,280
Speaker 1: just throwing up their hands and say no more. Right. Yeah,

512
00:30:18,320 --> 00:30:21,440
Speaker 1: it was in nineteen sixty six that they decided to

513
00:30:21,720 --> 00:30:27,760
Speaker 1: discontinue this particular denomination of currency. Um. So it stayed

514
00:30:28,040 --> 00:30:33,440
Speaker 1: entirely out of production, out of print for ten years. Yeah.

515
00:30:33,600 --> 00:30:38,000
Speaker 1: And the Economic Review said that they were pulling this

516
00:30:38,240 --> 00:30:42,040
Speaker 1: because people weren't using it, you know why, people were

517
00:30:42,040 --> 00:30:46,160
Speaker 1: hoarding them in their houses. But then one faithful day

518
00:30:46,200 --> 00:30:50,320
Speaker 1: April thirteen, the spring day of nineteen and seventy six,

519
00:30:50,800 --> 00:30:54,800
Speaker 1: the centennial. That's right, the two dollar bill was issued

520
00:30:54,920 --> 00:30:58,400
Speaker 1: once again for the first time in a decade. UM,

521
00:30:58,480 --> 00:31:03,480
Speaker 1: and it was announced by President Nixon. Nixon, the two

522
00:31:03,520 --> 00:31:08,600
Speaker 1: dollar barrels back. What is that? I think I think

523
00:31:08,640 --> 00:31:12,000
Speaker 1: we get there. It was. It was crazy Nixon. Uh,

524
00:31:12,720 --> 00:31:15,600
Speaker 1: wrestler Nixon. He's kind of tough to say two dollar

525
00:31:15,760 --> 00:31:18,880
Speaker 1: to dollar. I see you really, you've got the cadence,

526
00:31:18,920 --> 00:31:22,000
Speaker 1: you've got the tone. More. I think we we've got

527
00:31:22,600 --> 00:31:24,400
Speaker 1: you and I have some practice ahead of us. I

528
00:31:24,440 --> 00:31:26,800
Speaker 1: think if we combined our impressions, we'd be pretty close

529
00:31:26,840 --> 00:31:28,800
Speaker 1: to the mark. But you've got the Bark down sort

530
00:31:28,800 --> 00:31:31,680
Speaker 1: of Vultron, the Nixon, You've got Yourse've got the bark

531
00:31:31,720 --> 00:31:36,120
Speaker 1: and the quaver down. So so we, uh, we have

532
00:31:36,280 --> 00:31:40,800
Speaker 1: some a montage ahead of us, you and I off

533
00:31:40,840 --> 00:31:43,320
Speaker 1: air when we when we get Nixon up. Yeah, we're

534
00:31:43,360 --> 00:31:47,120
Speaker 1: gonna have a Nixon off Yeah, we heard your emails.

535
00:31:47,400 --> 00:31:49,840
Speaker 1: At first we thought you were joking, But I don't

536
00:31:49,840 --> 00:31:51,959
Speaker 1: think people are joking noll. I think they want us

537
00:31:52,000 --> 00:31:55,600
Speaker 1: to do a full to go full Nixon. Well, I

538
00:31:55,600 --> 00:31:58,040
Speaker 1: think if we're gonna do that, then it probably has

539
00:31:58,080 --> 00:32:02,600
Speaker 1: to be a bonus episode just for the uper fans. Yeah,

540
00:32:02,720 --> 00:32:05,920
Speaker 1: we don't want to alienate out there. I was thinking

541
00:32:05,960 --> 00:32:08,800
Speaker 1: about that. So what when someone tunes in for the

542
00:32:08,880 --> 00:32:12,640
Speaker 1: first time and they're they're like, who are these cars?

543
00:32:22,160 --> 00:32:24,160
Speaker 1: Even the sound effect has to be in a Nixon voice.

544
00:32:24,240 --> 00:32:27,240
Speaker 1: Everything must be Nixon. We could get the Nixon filter

545
00:32:27,360 --> 00:32:29,520
Speaker 1: we've been talking about so much on our vision board.

546
00:32:30,360 --> 00:32:33,280
Speaker 1: So Nixon announces this and there's a little bit of

547
00:32:33,360 --> 00:32:37,000
Speaker 1: finger wagging from a New York Times article about the

548
00:32:37,000 --> 00:32:40,160
Speaker 1: reintroduction where they say, oh, dish it man, I don't

549
00:32:40,160 --> 00:32:41,560
Speaker 1: know what you're talking about. I didn't read this one

550
00:32:41,800 --> 00:32:45,440
Speaker 1: where they say public reluctance to accept and use the

551
00:32:45,480 --> 00:32:49,160
Speaker 1: two dollar bill was the principal cause of its discontinuous

552
00:32:49,320 --> 00:32:52,520
Speaker 1: nine years ago, and the main reason for that reluctance

553
00:32:52,720 --> 00:32:56,480
Speaker 1: was the relative scarcity of the note in circulation. So

554
00:32:56,600 --> 00:32:58,600
Speaker 1: to me, that comes off like the tone of it

555
00:32:58,680 --> 00:33:03,000
Speaker 1: is okay, kid, it's America, do better this time. You

556
00:33:03,040 --> 00:33:05,560
Speaker 1: can have it back, But remember what happened? Like you're

557
00:33:05,600 --> 00:33:07,680
Speaker 1: they're giving like you're giving a kid a toy back.

558
00:33:07,960 --> 00:33:11,480
Speaker 1: Here's the thing, though, America did not play nice, and

559
00:33:11,520 --> 00:33:15,040
Speaker 1: there was a functional reason beyond just a delightful little

560
00:33:15,440 --> 00:33:19,320
Speaker 1: bicentennial gimmick for releasing this. They needed there was a

561
00:33:19,360 --> 00:33:23,000
Speaker 1: gas shortage, I believe, and they needed to release a

562
00:33:23,040 --> 00:33:27,320
Speaker 1: certain value amount of currency, but not they didn't want

563
00:33:27,360 --> 00:33:29,600
Speaker 1: to print as many ones, so they were able to

564
00:33:29,600 --> 00:33:33,800
Speaker 1: print like half as many two's. And I'm no economist,

565
00:33:34,120 --> 00:33:37,360
Speaker 1: but I guess that's what you do. So what is

566
00:33:37,360 --> 00:33:40,120
Speaker 1: this going to accomplish, ben, is my question to you. Well,

567
00:33:40,240 --> 00:33:43,120
Speaker 1: it's going to give you more bang for your buck

568
00:33:43,720 --> 00:33:45,920
Speaker 1: about twice as much you get in terms of printing

569
00:33:45,960 --> 00:33:49,320
Speaker 1: costs exactly twice as much, exactly twice as much. Also

570
00:33:49,480 --> 00:33:53,720
Speaker 1: not an economist, we should note, but this, this gives

571
00:33:53,760 --> 00:33:58,400
Speaker 1: an injection of cash into a an economy that is

572
00:33:58,600 --> 00:34:01,959
Speaker 1: um in dire knee. It's true, and it did create

573
00:34:02,360 --> 00:34:05,400
Speaker 1: I didn't create. It just was scarce because it hadn't

574
00:34:05,440 --> 00:34:08,640
Speaker 1: been in circulation for ten years. So you know, I

575
00:34:08,640 --> 00:34:12,479
Speaker 1: guess they don't know how they introduced currency. They must

576
00:34:12,480 --> 00:34:14,520
Speaker 1: do it a little at a time, obviously, you know,

577
00:34:14,600 --> 00:34:17,960
Speaker 1: over a large area. I think it's a T shirt cannon. Okay,

578
00:34:18,000 --> 00:34:21,440
Speaker 1: that'd be cool. I think it's Man. I mean like

579
00:34:21,480 --> 00:34:24,440
Speaker 1: it was sort of like Joker in Man with the trust,

580
00:34:24,760 --> 00:34:27,520
Speaker 1: you know, and he's got the gas and the balloons

581
00:34:27,520 --> 00:34:29,840
Speaker 1: and all that, and that'd be cool. That's probably the

582
00:34:29,880 --> 00:34:32,880
Speaker 1: most efficient way to do it. Again by centennial parade.

583
00:34:32,960 --> 00:34:36,480
Speaker 1: Again we're not economist, but we would be great at

584
00:34:36,520 --> 00:34:40,520
Speaker 1: this parade. It's and and now, though you're right, people

585
00:34:40,520 --> 00:34:44,399
Speaker 1: didn't play nice because they started to see this as

586
00:34:44,640 --> 00:34:47,520
Speaker 1: as much of a collectible as it was a functional

587
00:34:47,520 --> 00:34:50,120
Speaker 1: piece of currency exactly. So people didn't spend it. No,

588
00:34:50,400 --> 00:34:52,759
Speaker 1: they like went to the post office and got a

589
00:34:52,920 --> 00:34:55,759
Speaker 1: stamp the show the date that they got it, and

590
00:34:55,840 --> 00:34:58,239
Speaker 1: like a notary type stamp, like a postage stamp, and

591
00:34:58,280 --> 00:35:01,040
Speaker 1: a rubber cancelation stamp, and it made it seem like

592
00:35:01,040 --> 00:35:03,720
Speaker 1: a keepsake. Interesting see it sort of to me sounds

593
00:35:03,800 --> 00:35:07,600
Speaker 1: like when they released those fancy commemorative coins and a

594
00:35:07,600 --> 00:35:09,880
Speaker 1: lot of I wonder if that creates a circulation problem

595
00:35:09,880 --> 00:35:12,440
Speaker 1: with quarters. Probably not. I don't know. They made a

596
00:35:12,480 --> 00:35:16,919
Speaker 1: bunch of Yeah, that's true, um, but again doesn't quite

597
00:35:17,239 --> 00:35:20,400
Speaker 1: accomplish what they were after. But they don't pull it. Again.

598
00:35:20,600 --> 00:35:24,120
Speaker 1: There's still two dollar bills in circulation. I don't think

599
00:35:24,160 --> 00:35:28,040
Speaker 1: they print them particularly often. They certainly print them less

600
00:35:28,040 --> 00:35:31,399
Speaker 1: often than you know, the standard denominations that were used

601
00:35:31,400 --> 00:35:33,680
Speaker 1: to I don't have an exact figure on that. I

602
00:35:33,719 --> 00:35:38,000
Speaker 1: believe again from the excellent documentary that we checked out

603
00:35:38,120 --> 00:35:42,520
Speaker 1: by John Bernardo, I believe that one of the experts

604
00:35:42,680 --> 00:35:46,479
Speaker 1: at the Federal Mints says that since nineteen fifty six,

605
00:35:46,520 --> 00:35:49,560
Speaker 1: there have only been nine printings of the two. They're

606
00:35:49,600 --> 00:35:51,880
Speaker 1: so cool about it. They don't call they don't call

607
00:35:51,920 --> 00:35:53,960
Speaker 1: it a two dollar bill. They call it the two,

608
00:35:54,160 --> 00:35:57,359
Speaker 1: the two, which makes it sound so classy. I learned

609
00:35:57,360 --> 00:35:59,160
Speaker 1: a new word. What is it too? I think you

610
00:35:59,239 --> 00:36:04,239
Speaker 1: probably know this one, but um new mismatics, Yes, yes, yes,

611
00:36:04,600 --> 00:36:10,279
Speaker 1: or a new mismatist, collector and enthusiast of currency and coins.

612
00:36:10,760 --> 00:36:13,720
Speaker 1: And they have an awesome Uh, they have an awesome

613
00:36:13,760 --> 00:36:17,680
Speaker 1: convention in Florida with an acronym that I don't have

614
00:36:17,719 --> 00:36:20,480
Speaker 1: to ask. I already know you and I both love it.

615
00:36:20,480 --> 00:36:27,840
Speaker 1: It is the Florida United New Mismatists Convention or fun Baby.

616
00:36:28,200 --> 00:36:32,239
Speaker 1: It sounds like a barrel of laughs to me. Oh god,

617
00:36:32,280 --> 00:36:34,160
Speaker 1: I hope they are as proud of that as I am.

618
00:36:34,200 --> 00:36:35,880
Speaker 1: Oh man, Yeah, I know, it's good. You should be

619
00:36:35,880 --> 00:36:38,240
Speaker 1: proud and they should be proud that you're so proud

620
00:36:38,480 --> 00:36:39,840
Speaker 1: of them. But He's the thing. There's a lot of

621
00:36:39,840 --> 00:36:43,000
Speaker 1: misconceptions even today about the two dollar bills. People still

622
00:36:43,080 --> 00:36:46,000
Speaker 1: think they're scarce, and while it may be scarce compared

623
00:36:46,040 --> 00:36:49,879
Speaker 1: to other denominations, there are over one billion two dollar

624
00:36:49,920 --> 00:36:54,239
Speaker 1: bills in circulation today right right. You can, as as

625
00:36:54,239 --> 00:36:57,040
Speaker 1: we mentioned earlier, you can go to a bank and

626
00:36:57,200 --> 00:37:00,600
Speaker 1: specifically request a large amount of two dollar bills, and

627
00:37:00,719 --> 00:37:03,680
Speaker 1: it turns out that you probably wouldn't be the first

628
00:37:03,719 --> 00:37:08,279
Speaker 1: person to do that, because two dollar bills in in

629
00:37:08,320 --> 00:37:12,560
Speaker 1: recent years, especially post you know, the reintroduction of the bill,

630
00:37:13,080 --> 00:37:17,440
Speaker 1: they have become signs of protest, right, not not just

631
00:37:17,640 --> 00:37:21,799
Speaker 1: this is this is different from the gentleman's lounge throw

632
00:37:21,880 --> 00:37:24,560
Speaker 1: in red paint on stuff. That's more of a marketing ploy.

633
00:37:24,840 --> 00:37:28,279
Speaker 1: I guess right, yeah, I agree. But but you and

634
00:37:28,320 --> 00:37:33,120
Speaker 1: I and our researcher Christopher Hasiotis found some really cool

635
00:37:33,160 --> 00:37:38,040
Speaker 1: examples of two dollar bills being used as a protest. Right.

636
00:37:38,200 --> 00:37:41,719
Speaker 1: Did you hear the one from the mid eighties around

637
00:37:41,800 --> 00:37:45,840
Speaker 1: an event called Black Dollar Days Black Dollar Days, No

638
00:37:46,080 --> 00:37:49,279
Speaker 1: School me late later? Well, the a c P had

639
00:37:49,320 --> 00:37:53,000
Speaker 1: this event that they dubbed Black Dollar Days that was

640
00:37:53,040 --> 00:37:57,560
Speaker 1: from September two through the ninth, where in order to

641
00:37:57,800 --> 00:38:04,720
Speaker 1: show the spending power, the massive spending power in American community,

642
00:38:04,960 --> 00:38:08,880
Speaker 1: remember what they do, they urged they're just black consumers

643
00:38:08,920 --> 00:38:12,520
Speaker 1: in twenty nine cities across the country to only spend

644
00:38:12,719 --> 00:38:17,120
Speaker 1: two dollar bills and one dollar Susan B Anthony coins

645
00:38:17,160 --> 00:38:22,440
Speaker 1: to demonstrate how much economic heft they had, with Raymond

646
00:38:22,480 --> 00:38:25,399
Speaker 1: Johnson Jr. The president of the u w a CP

647
00:38:25,600 --> 00:38:28,719
Speaker 1: s l A Chapter, saying that black spent well over

648
00:38:28,840 --> 00:38:32,560
Speaker 1: one d billion on goods and services from non minority

649
00:38:32,640 --> 00:38:37,759
Speaker 1: firms in ur and yet the corporations purchased less than

650
00:38:37,840 --> 00:38:41,759
Speaker 1: one percent of that amount from black vendors. Um. He's saying,

651
00:38:41,800 --> 00:38:45,040
Speaker 1: we're not asking for anything except our fair share. So

652
00:38:45,080 --> 00:38:48,640
Speaker 1: in using those two dollar bills, in those Susan bees um,

653
00:38:48,680 --> 00:38:54,399
Speaker 1: they collected somewhere the neighborhood of five million dollars in purchases. Uh.

654
00:38:54,440 --> 00:38:56,959
Speaker 1: In in that that that very short span of time,

655
00:38:57,400 --> 00:39:00,319
Speaker 1: and that's that's a noble one. You know. That's thing

656
00:39:00,640 --> 00:39:02,960
Speaker 1: I think everybody can really get behind because that's a

657
00:39:02,960 --> 00:39:06,480
Speaker 1: way to speak truth to power, you know, vote with

658
00:39:06,600 --> 00:39:11,000
Speaker 1: your vote with your purchasing ability. As heartless as it sounds,

659
00:39:11,080 --> 00:39:14,520
Speaker 1: that makes a difference to corporations. They're not the only

660
00:39:14,600 --> 00:39:19,319
Speaker 1: people protesting either. We found a case where nudists did

661
00:39:19,360 --> 00:39:22,160
Speaker 1: something very similar. I did not see this one, Ben, Please.

662
00:39:23,880 --> 00:39:26,839
Speaker 1: So in Landa Lakes, Florida, Uh sorry, they make the butter.

663
00:39:27,320 --> 00:39:30,759
Speaker 1: I you know it should be, but I think they

664
00:39:30,800 --> 00:39:33,600
Speaker 1: just didn't check the list of cities that already existed

665
00:39:33,600 --> 00:39:35,719
Speaker 1: when they named at Landa Lake's do the nudists cover

666
00:39:35,800 --> 00:39:39,640
Speaker 1: their bodies and butter? Uh? You know what? Statistically, probably

667
00:39:39,640 --> 00:39:41,839
Speaker 1: at least one of them has it. You can use

668
00:39:41,840 --> 00:39:44,840
Speaker 1: it as like a sun tanning solution. I thought that

669
00:39:44,920 --> 00:39:48,600
Speaker 1: was dangerous. Whatever, man, you just live your life. Tell

670
00:39:48,640 --> 00:39:50,719
Speaker 1: me about the butter time. We're here for a good time,

671
00:39:50,760 --> 00:39:54,000
Speaker 1: not a long time, right. Uh. Yes, So these nudists

672
00:39:54,040 --> 00:39:58,399
Speaker 1: in Landa Lakes, Florida's Central Florida launched a campaign where

673
00:39:58,400 --> 00:40:02,400
Speaker 1: they decided to also buy everything with two dollar bills

674
00:40:02,880 --> 00:40:06,520
Speaker 1: to show the local merchants, uh, how much of an

675
00:40:06,560 --> 00:40:10,600
Speaker 1: impact they make. And this was nudists in general, this

676
00:40:10,680 --> 00:40:14,000
Speaker 1: specific community is the nudist dollar. Yeah, it was. It

677
00:40:14,160 --> 00:40:18,440
Speaker 1: was an idea created or proposed by Chuck Foster, who

678
00:40:18,560 --> 00:40:22,759
Speaker 1: runs the Caliente Resort. I thought you'd like that name.

679
00:40:22,840 --> 00:40:26,800
Speaker 1: That sounds spicy. Um And you know, uh, in a

680
00:40:27,040 --> 00:40:29,839
Speaker 1: stunning turn of events, I feel like we're going from

681
00:40:29,960 --> 00:40:33,400
Speaker 1: most culturally valuable to least maybe well act, I don't know.

682
00:40:33,400 --> 00:40:35,239
Speaker 1: I would maybe flip yours with with the one I'm

683
00:40:35,239 --> 00:40:38,200
Speaker 1: about to talk about. Maybe tell me what you think. A. Yeah,

684
00:40:38,239 --> 00:40:43,920
Speaker 1: there's a local organization in Alger County in Michigan, UM

685
00:40:44,000 --> 00:40:48,879
Speaker 1: that decided to mount a statewide effort to show their

686
00:40:48,920 --> 00:40:53,959
Speaker 1: support of medical cannabis and push for a bigger, more

687
00:40:54,040 --> 00:40:57,600
Speaker 1: widespread adoption of legalization in the state. And that was

688
00:40:57,640 --> 00:40:59,440
Speaker 1: back in two thousand eight. And if I'm had to

689
00:41:00,360 --> 00:41:03,160
Speaker 1: correct me, if I wrong, is Michigan gone legal? So

690
00:41:03,239 --> 00:41:07,000
Speaker 1: many places, it seems, are are changing that quickly. I

691
00:41:07,000 --> 00:41:12,719
Speaker 1: think it's up for it's up for political debate marijuana

692
00:41:12,800 --> 00:41:16,120
Speaker 1: legalization maybe on their November ballot, you know what the

693
00:41:16,320 --> 00:41:19,560
Speaker 1: but they do have medical cannabis. Okay, that is on

694
00:41:19,600 --> 00:41:22,239
Speaker 1: the books. This is not on the books. This is

695
00:41:22,280 --> 00:41:24,480
Speaker 1: what they were pushing for. Can necessarily credit the two

696
00:41:24,520 --> 00:41:28,080
Speaker 1: dollar scheme making that happen, but it's certainly UM did

697
00:41:28,080 --> 00:41:31,240
Speaker 1: a good job of showing lawmakers. Something that's very important

698
00:41:31,280 --> 00:41:35,000
Speaker 1: with these cases often is that people spend money. People

699
00:41:35,000 --> 00:41:41,000
Speaker 1: who nudists spend money. Sure, African Americans spend money. We'd

700
00:41:41,040 --> 00:41:44,640
Speaker 1: had spend money, and everybody spends money, and everybody should

701
00:41:44,640 --> 00:41:49,120
Speaker 1: be treated fairly. We saw another example where gay rights

702
00:41:49,160 --> 00:41:53,080
Speaker 1: advocates took the same approach using two dollar bills. And

703
00:41:53,120 --> 00:41:57,319
Speaker 1: this was this was a reaction to the Proposition eight

704
00:41:57,360 --> 00:42:02,160
Speaker 1: initiative in California, remember that, Yeah, yeah, And so they

705
00:42:02,200 --> 00:42:05,600
Speaker 1: did some stuff that I thought it was really cool.

706
00:42:05,800 --> 00:42:09,919
Speaker 1: There were people protesting by uh calling in gay quote

707
00:42:10,000 --> 00:42:12,319
Speaker 1: unquote gay to work. Sure, and they did the same

708
00:42:12,360 --> 00:42:14,479
Speaker 1: thing as then double a CP did with two dollar

709
00:42:14,560 --> 00:42:19,480
Speaker 1: bills and they were transparent, uh in citing then double

710
00:42:19,560 --> 00:42:22,359
Speaker 1: a CPS earlier work. Oh, that's cool, credit work, credit

711
00:42:22,440 --> 00:42:24,080
Speaker 1: is due. Yeah. And this article from A O. L

712
00:42:24,200 --> 00:42:28,840
Speaker 1: by Jason Cochrane UM titled gay rights advocates pondered best

713
00:42:28,840 --> 00:42:31,920
Speaker 1: way to flex their economic power. They decided that this

714
00:42:32,040 --> 00:42:34,080
Speaker 1: two dollar bill method, which if I wasn't clear, that's

715
00:42:34,080 --> 00:42:36,400
Speaker 1: also what the what the pot people did, um was

716
00:42:36,520 --> 00:42:39,440
Speaker 1: decided they would spend only two dollar bills to show

717
00:42:39,480 --> 00:42:43,759
Speaker 1: their economic impact directly to the community. Because you know

718
00:42:44,000 --> 00:42:46,680
Speaker 1: shopkeepers and banks, and you count the two dollar bills

719
00:42:46,719 --> 00:42:49,560
Speaker 1: that you got, you can see where the impact is

720
00:42:49,560 --> 00:42:52,520
Speaker 1: coming from, and you know who spent those. But that

721
00:42:52,719 --> 00:42:55,319
Speaker 1: with the whole calling in gay to work thing, a

722
00:42:55,360 --> 00:42:58,440
Speaker 1: lot of members of the community didn't think that was

723
00:42:58,480 --> 00:43:01,680
Speaker 1: a very focused effort, and it seemed kind of counterproductive

724
00:43:02,160 --> 00:43:04,880
Speaker 1: and it didn't really hit the way they wanted to,

725
00:43:05,040 --> 00:43:09,640
Speaker 1: which was to show their actual spending power, which has

726
00:43:09,680 --> 00:43:13,440
Speaker 1: been estimated in America UM that the gay community contributes

727
00:43:13,440 --> 00:43:17,440
Speaker 1: something like seven billion dollars to the economy. Wow, And

728
00:43:17,640 --> 00:43:20,640
Speaker 1: I believe this also happened in two thousand and eight,

729
00:43:20,640 --> 00:43:24,239
Speaker 1: didn't it. It's the same same year as the Michigan protest, right,

730
00:43:24,360 --> 00:43:27,680
Speaker 1: you are, my friend? What what a time? What were

731
00:43:27,760 --> 00:43:30,160
Speaker 1: what were we doing? I don't think they even had

732
00:43:30,200 --> 00:43:32,239
Speaker 1: me two dollar bills, you know all. I still had

733
00:43:32,320 --> 00:43:35,279
Speaker 1: my mattresses. Yeah. I was probably napping on him at

734
00:43:35,280 --> 00:43:37,759
Speaker 1: the time, But I count those morse furniture for you

735
00:43:37,920 --> 00:43:41,920
Speaker 1: than like maybe emergency currency, maybe, but it better be

736
00:43:41,960 --> 00:43:43,600
Speaker 1: a real emergency. I like to think of it more

737
00:43:43,640 --> 00:43:47,640
Speaker 1: as immersion currency because I just I just roll around

738
00:43:47,680 --> 00:43:51,120
Speaker 1: in and man, yeah it feels good. And also, we

739
00:43:51,160 --> 00:43:54,960
Speaker 1: want to be clear that despite dirty mattress jokes, NOL

740
00:43:55,040 --> 00:43:58,600
Speaker 1: does washers currency. I don't want to scare anybody by

741
00:43:58,760 --> 00:44:01,960
Speaker 1: letting you know just how many really gross statistics are

742
00:44:02,000 --> 00:44:04,360
Speaker 1: out there about paper money saying I launder my money.

743
00:44:04,600 --> 00:44:06,960
Speaker 1: I'm saying you literally launder your money in the best

744
00:44:06,960 --> 00:44:09,200
Speaker 1: possible way. I will say this when I'm not sleeping

745
00:44:09,239 --> 00:44:11,960
Speaker 1: on my stack of two dollar bill filled mattresses. I

746
00:44:12,040 --> 00:44:14,080
Speaker 1: sleep on the Casper baby. I knew you weren't going

747
00:44:14,120 --> 00:44:24,319
Speaker 1: to do it. Yes, Casper mattresses objectively great mattresses. So

748
00:44:24,600 --> 00:44:26,440
Speaker 1: there's something that just occurred to me as we were

749
00:44:26,480 --> 00:44:30,719
Speaker 1: talking about this protest. One of the reasons that two

750
00:44:30,760 --> 00:44:34,160
Speaker 1: dollar bills might also be a great way of showing

751
00:44:34,920 --> 00:44:42,319
Speaker 1: your community or your groups economic weight is because there's no, uh,

752
00:44:42,360 --> 00:44:45,279
Speaker 1: there's no drawer space for two dollar bill in the

753
00:44:45,320 --> 00:44:48,839
Speaker 1: typical cash register. Forgot that point entirely, Ben. It's very true.

754
00:44:48,880 --> 00:44:51,480
Speaker 1: It's another reason that it's probably never taken off. It's

755
00:44:51,520 --> 00:44:56,200
Speaker 1: clearly never been fully embraced by the economic community, by

756
00:44:56,200 --> 00:44:59,799
Speaker 1: big cash register big registers. Yeah, and here's the thing too,

757
00:45:00,000 --> 00:45:03,520
Speaker 1: and um, even today, you'll hear lots of stories about

758
00:45:03,520 --> 00:45:07,919
Speaker 1: people just being very confused about this this currency, this

759
00:45:07,920 --> 00:45:11,920
Speaker 1: this denomination. In fact, there's a story about a guy who, um,

760
00:45:12,360 --> 00:45:15,080
Speaker 1: in his own kind of little protest, a little more

761
00:45:15,120 --> 00:45:19,080
Speaker 1: of a mini protest. Best Buy apparently refused to install

762
00:45:19,239 --> 00:45:23,279
Speaker 1: his son's car stereo for the gratis price they had

763
00:45:23,360 --> 00:45:25,759
Speaker 1: promised him. And they said, okay, no, actually you have

764
00:45:25,800 --> 00:45:27,160
Speaker 1: to pay for We're gonna call the cops if you

765
00:45:27,200 --> 00:45:31,239
Speaker 1: don't come in. Um. This guy's name was Mike Billesta,

766
00:45:31,640 --> 00:45:33,680
Speaker 1: and this was supported by the Baltimore Sun. The fifty

767
00:45:33,680 --> 00:45:39,040
Speaker 1: seven year old Mike Billesta uh found himself in lock up. Um.

768
00:45:39,080 --> 00:45:42,360
Speaker 1: He actually was handcuffed to a poll for three hours

769
00:45:42,440 --> 00:45:47,040
Speaker 1: after he decided to give best by the old middle

770
00:45:47,080 --> 00:45:51,480
Speaker 1: fingy and pay with all two's. Because the person he

771
00:45:51,520 --> 00:45:54,000
Speaker 1: tried to pay first didn't recognize this, she went to

772
00:45:54,000 --> 00:45:56,319
Speaker 1: get the manager. The manager said, these are counterfeit I've

773
00:45:56,360 --> 00:45:58,920
Speaker 1: already called the police, and I believe he said the

774
00:45:58,960 --> 00:46:01,359
Speaker 1: cop was He throws in that the cop was young

775
00:46:01,680 --> 00:46:04,520
Speaker 1: as well. Sure, yeah, he was young, and they kept

776
00:46:04,600 --> 00:46:07,680
Speaker 1: him handcuffed to this pole until they can get the

777
00:46:07,760 --> 00:46:10,759
Speaker 1: damn Secret Service to show up. Can you imagine if

778
00:46:10,760 --> 00:46:13,160
Speaker 1: you're that Secret Service agent, how annoyed you would be

779
00:46:13,520 --> 00:46:16,400
Speaker 1: to be called out to a best Buy? It's crazy.

780
00:46:16,440 --> 00:46:18,200
Speaker 1: I think a lot of people and they're probably in

781
00:46:18,239 --> 00:46:19,960
Speaker 1: the lock up of the time they can get I

782
00:46:20,000 --> 00:46:22,520
Speaker 1: think a lot of people are aware that the Secret

783
00:46:22,560 --> 00:46:27,399
Speaker 1: Service is the organization that supervises counterfeiting. It's true because

784
00:46:27,480 --> 00:46:32,960
Speaker 1: under federal law, anyone, anyone who intentionally uses counterfeit money

785
00:46:33,160 --> 00:46:36,120
Speaker 1: can get up to twenty years in the clink and

786
00:46:36,239 --> 00:46:39,480
Speaker 1: is also subject to a fine, a steep fine, I imagine, right,

787
00:46:39,520 --> 00:46:43,440
Speaker 1: I would imagine so and this, uh, this has always

788
00:46:43,440 --> 00:46:47,919
Speaker 1: been a fascinating thing to us. The the idea that

789
00:46:48,040 --> 00:46:52,200
Speaker 1: the secret service of all groups has that specific task,

790
00:46:52,640 --> 00:46:55,680
Speaker 1: because one would reasonably assume it would be the FBI.

791
00:46:56,520 --> 00:46:59,040
Speaker 1: Or they can get involved too. They can't. They can

792
00:46:59,080 --> 00:47:02,120
Speaker 1: get involved too, but specifically with counterfeiting. So that's like

793
00:47:02,280 --> 00:47:05,359
Speaker 1: why in our earlier examples the FBI got called. That's right,

794
00:47:05,480 --> 00:47:08,319
Speaker 1: but in this example, the Secret Service. I you know

795
00:47:08,360 --> 00:47:11,240
Speaker 1: what we should We should write to some secret service folks,

796
00:47:11,239 --> 00:47:13,120
Speaker 1: see if we can we can talk to them about this.

797
00:47:13,440 --> 00:47:15,040
Speaker 1: Want to get in that system, man, I want to

798
00:47:15,080 --> 00:47:17,879
Speaker 1: be on a list for in a letter writer, being

799
00:47:17,920 --> 00:47:21,560
Speaker 1: some kind of agitator, being some kind of uh anachronistic

800
00:47:21,719 --> 00:47:25,000
Speaker 1: BlooDye uses a pen. See that's exactly what happened to

801
00:47:25,040 --> 00:47:28,960
Speaker 1: DENISEI and Neil, an eighth grader at the CHRISTA. Mccaulliffe

802
00:47:29,080 --> 00:47:32,759
Speaker 1: Middle School outside of Houston. She attempted to pay for

803
00:47:32,800 --> 00:47:35,560
Speaker 1: her school lunch with a two dollar bill. By the way,

804
00:47:35,560 --> 00:47:37,840
Speaker 1: we haven't talked about how two dollar bills favorites of

805
00:47:37,920 --> 00:47:41,080
Speaker 1: grandparents the world over. Oh yeah, is that true? We

806
00:47:41,160 --> 00:47:42,799
Speaker 1: have We'll give you, give you a two dollar bill

807
00:47:42,840 --> 00:47:46,120
Speaker 1: and your birthday card. You know, they think it's they

808
00:47:46,120 --> 00:47:49,080
Speaker 1: think it's cute. That's sweet. Yeah, But anyway, this was

809
00:47:49,120 --> 00:47:51,560
Speaker 1: not cute because her grand mama gave her this two

810
00:47:51,600 --> 00:47:54,920
Speaker 1: dollar bill um and her grandmother's name was Sharon K. Joseph,

811
00:47:55,080 --> 00:47:57,520
Speaker 1: and the cafeteria workers at the school did not believe

812
00:47:57,560 --> 00:47:59,120
Speaker 1: that it was real. They said they had never seen

813
00:47:59,160 --> 00:48:01,520
Speaker 1: two dollar bills and her life and she was sent

814
00:48:01,640 --> 00:48:06,560
Speaker 1: to something called the police office because this particular school,

815
00:48:09,160 --> 00:48:12,440
Speaker 1: this particular school district UM in Houston or outside of Houston,

816
00:48:12,520 --> 00:48:15,919
Speaker 1: Fort Bend Independent School District has its own police force

817
00:48:16,080 --> 00:48:19,040
Speaker 1: that's like a step above the police store Fort Bend

818
00:48:19,120 --> 00:48:23,319
Speaker 1: I s d UM. And apparently the officer told her

819
00:48:23,360 --> 00:48:25,400
Speaker 1: that she was going to be in big trouble for

820
00:48:25,560 --> 00:48:28,480
Speaker 1: using this bill, which they believed to be counterfeit. Wow.

821
00:48:28,600 --> 00:48:31,640
Speaker 1: So still a real stigma surrounding the two of the deuce.

822
00:48:31,960 --> 00:48:34,600
Speaker 1: It is the tom the tom. You're right, it is

823
00:48:34,640 --> 00:48:37,960
Speaker 1: still in circulation. It is not illegal to use it.

824
00:48:37,960 --> 00:48:41,680
Speaker 1: It's not counterfeit. And when you think about it, most counterfeiters,

825
00:48:41,680 --> 00:48:45,200
Speaker 1: who would be professional level counterfeiters, are not gonna mess

826
00:48:45,239 --> 00:48:50,000
Speaker 1: with a small denomination. They want fifties, hundreds, stuff like that.

827
00:48:50,120 --> 00:48:52,560
Speaker 1: They're not gonna mess with one that's gonna cause so

828
00:48:52,600 --> 00:48:55,920
Speaker 1: many people to make a face, right, you want something

829
00:48:55,960 --> 00:48:58,920
Speaker 1: that slides in unnoticed. There's something else I found that

830
00:48:59,000 --> 00:49:01,920
Speaker 1: was pretty interesting. If you think people in the US

831
00:49:01,960 --> 00:49:05,560
Speaker 1: are obsessed with the two dollar bill, then who boy

832
00:49:05,719 --> 00:49:08,279
Speaker 1: are you in for an adventure in Ecuador? According to

833
00:49:08,320 --> 00:49:11,920
Speaker 1: author Nina Poor Zucky, who wrote why are Ecuadorians obsessed

834
00:49:11,960 --> 00:49:15,680
Speaker 1: with the two dollar bill? For p R I. In Ecuador,

835
00:49:16,320 --> 00:49:20,960
Speaker 1: this bill is even more rare, and people believe that

836
00:49:21,000 --> 00:49:23,000
Speaker 1: it is good luck. It is some of the best

837
00:49:23,040 --> 00:49:26,680
Speaker 1: good luck. It functions like a four leaf clover. Ecuador

838
00:49:26,719 --> 00:49:30,560
Speaker 1: has had the US dollars official currency since two thousand

839
00:49:31,280 --> 00:49:34,880
Speaker 1: and The problem that they run into is a bank

840
00:49:34,960 --> 00:49:38,319
Speaker 1: in Ecuador will order money from the federal reserve here

841
00:49:38,320 --> 00:49:40,719
Speaker 1: in the States if they need five tens, fifties and

842
00:49:40,760 --> 00:49:43,239
Speaker 1: two dollar bills are not a priority, So they're even

843
00:49:43,360 --> 00:49:47,080
Speaker 1: less frequently found there than they are here, and that

844
00:49:47,200 --> 00:49:51,239
Speaker 1: feedback loop happens again. People save them because they think

845
00:49:51,280 --> 00:49:53,799
Speaker 1: they're good luck. But we also have these sort of

846
00:49:54,280 --> 00:49:58,680
Speaker 1: um two dollar bill freedom fighters, don't we People like HEATHERN. McCabe,

847
00:49:58,920 --> 00:50:02,800
Speaker 1: who runs a blog called to Buckaroo, and her whole

848
00:50:02,800 --> 00:50:06,680
Speaker 1: life's mission is to dump two dollar bills back into circulation.

849
00:50:06,960 --> 00:50:09,440
Speaker 1: And see people's reactions when she tries to spend them.

850
00:50:09,440 --> 00:50:12,840
Speaker 1: There's an article about ms McCabe in the New York Times.

851
00:50:13,200 --> 00:50:14,960
Speaker 1: UM and she was also in that documentary that we

852
00:50:14,960 --> 00:50:16,879
Speaker 1: talked about, But this one is called two Dollar Bill

853
00:50:17,000 --> 00:50:21,360
Speaker 1: is Oddity, but Some Love the Tender UM. It describes

854
00:50:21,400 --> 00:50:23,799
Speaker 1: Heather McCabe was being on a one woman mission to

855
00:50:23,920 --> 00:50:28,719
Speaker 1: revitalize the quirky Greenback through deliberate casual use. UM. It

856
00:50:28,800 --> 00:50:32,200
Speaker 1: also cites this guy, Matthew zach Lad, who pours apparently

857
00:50:32,440 --> 00:50:36,719
Speaker 1: close to seven thousand notes into circulation each year. UM

858
00:50:36,760 --> 00:50:41,520
Speaker 1: And McCabe apparently has been turned away from businesses, told

859
00:50:41,560 --> 00:50:44,480
Speaker 1: to pay with something else in different bars, and as

860
00:50:44,520 --> 00:50:48,400
Speaker 1: constantly being asked by people that she encounters, can I

861
00:50:48,520 --> 00:50:51,480
Speaker 1: buy this wallet full of two dollar bills that you

862
00:50:51,560 --> 00:50:55,160
Speaker 1: have because they still think that it's cookie and wind

863
00:50:55,239 --> 00:50:58,440
Speaker 1: rare and they have no idea that you can go

864
00:50:58,560 --> 00:51:02,319
Speaker 1: down to the Fun Invention. Again, that's an acronym and

865
00:51:02,880 --> 00:51:04,560
Speaker 1: it's not amazing the fun. I want to go to

866
00:51:04,600 --> 00:51:08,600
Speaker 1: the Fun Convention and buy a wallet made out of

867
00:51:08,640 --> 00:51:11,759
Speaker 1: two dollar bills. I think it was forty bucks. But

868
00:51:12,160 --> 00:51:14,239
Speaker 1: there are other neat facts that we discovered about the

869
00:51:14,239 --> 00:51:17,120
Speaker 1: two dollar bill. It's often used as a tracer by

870
00:51:17,160 --> 00:51:20,319
Speaker 1: like mom and pop stores to track robberies. They keep

871
00:51:20,360 --> 00:51:22,919
Speaker 1: the two dollar bill at the bottom of the drawer,

872
00:51:22,960 --> 00:51:25,600
Speaker 1: they write the serial number down somewhere else, and then

873
00:51:25,920 --> 00:51:29,200
Speaker 1: they just wait. Two dollar bills used to be handed

874
00:51:29,239 --> 00:51:33,560
Speaker 1: out at Monticello, former home of President Jefferson's, because he

875
00:51:33,640 --> 00:51:36,439
Speaker 1: got all the glory after they kicked all hamm me off.

876
00:51:37,160 --> 00:51:40,880
Speaker 1: You have no control who lives, who dies, who tells

877
00:51:40,880 --> 00:51:45,000
Speaker 1: your two dollar story. Steve Wozniak buys two dollar bills

878
00:51:45,000 --> 00:51:47,640
Speaker 1: by the sheet from the Treasury Department and makes his

879
00:51:47,719 --> 00:51:50,279
Speaker 1: own little coupon book essentially out of home so he

880
00:51:50,320 --> 00:51:53,800
Speaker 1: can rip them out. Really, yeah, that's so weird. Is

881
00:51:53,800 --> 00:51:55,960
Speaker 1: it just for grandpa purposes? Do he just wanted the

882
00:51:56,000 --> 00:51:58,160
Speaker 1: ale to rip one out to give to his I

883
00:51:58,200 --> 00:52:01,560
Speaker 1: don't know. Maybe he hates leafing through things very interesting,

884
00:52:01,680 --> 00:52:03,440
Speaker 1: but no, you know, I've got to tell you I

885
00:52:04,239 --> 00:52:06,520
Speaker 1: had a bunch of stuff on another weird currency. But

886
00:52:06,600 --> 00:52:10,359
Speaker 1: maybe we should save that for a different episode. Because

887
00:52:10,400 --> 00:52:13,000
Speaker 1: this rabbit hole is going deep, deep, deep, A lot

888
00:52:13,040 --> 00:52:16,640
Speaker 1: deeper than I thought it would, my friend, Yeah, a

889
00:52:16,640 --> 00:52:18,880
Speaker 1: lot deeper we thought it would. Do you have a

890
00:52:18,880 --> 00:52:20,920
Speaker 1: two dollar bill at your home currently, I do not.

891
00:52:21,440 --> 00:52:24,600
Speaker 1: I I have one. Wait no, no, that's not true.

892
00:52:24,640 --> 00:52:31,200
Speaker 1: I have three. Yeah, your flush, Well I planted them? What? No,

893
00:52:31,400 --> 00:52:33,960
Speaker 1: I I have three. I think they actually, now that

894
00:52:34,040 --> 00:52:35,920
Speaker 1: I think about it, I think they did come from

895
00:52:35,960 --> 00:52:40,920
Speaker 1: an older relative. But there um, I think they might

896
00:52:40,920 --> 00:52:44,040
Speaker 1: be pre seventy six. I can't remember. But beat as

897
00:52:44,080 --> 00:52:47,160
Speaker 1: it may, we'd like to hear your two dollar bill

898
00:52:47,320 --> 00:52:50,560
Speaker 1: stories because one thing that McCabe did in her blog

899
00:52:50,640 --> 00:52:52,840
Speaker 1: is she started asking people to tell her a story

900
00:52:52,840 --> 00:52:54,680
Speaker 1: about the two dollar bill, and she got some very

901
00:52:54,680 --> 00:52:57,359
Speaker 1: interesting responses. It's a really cool blog. The one I'm

902
00:52:57,400 --> 00:52:59,440
Speaker 1: looking at right now isn't a personal story as much

903
00:52:59,440 --> 00:53:01,480
Speaker 1: as it is a new story. The headline is two

904
00:53:01,520 --> 00:53:04,359
Speaker 1: dollar bill leads to heroin bust. In New Jersey, when

905
00:53:04,360 --> 00:53:06,480
Speaker 1: a driver was pulled over for tossing a lit cigarette

906
00:53:06,480 --> 00:53:08,640
Speaker 1: out of car window, the police officer reported seeing a

907
00:53:08,800 --> 00:53:11,640
Speaker 1: rolled up two dollar bill with white residue on it.

908
00:53:11,800 --> 00:53:13,719
Speaker 1: The driver and passenger were asked to step out of

909
00:53:13,760 --> 00:53:15,920
Speaker 1: the vehicle. Prior to doing so, the driver made an

910
00:53:15,920 --> 00:53:18,440
Speaker 1: attempt to hide the bill. According to the police, officer

911
00:53:18,640 --> 00:53:21,480
Speaker 1: later located the bill in a cigarette pack containing Heroin.

912
00:53:22,440 --> 00:53:26,480
Speaker 1: But what happened to the two dollar bill tongue? Yeah,

913
00:53:26,600 --> 00:53:30,239
Speaker 1: so again we want to hear your stories or personal experiences,

914
00:53:30,280 --> 00:53:33,200
Speaker 1: your memories. Did you grow up being told that two

915
00:53:33,200 --> 00:53:35,919
Speaker 1: dollar bill was good luck or bad luck? If so,

916
00:53:36,160 --> 00:53:39,600
Speaker 1: why do you think that the bill should continue? Because

917
00:53:39,640 --> 00:53:42,560
Speaker 1: one thing I really uh, one thing I really wish

918
00:53:42,560 --> 00:53:45,320
Speaker 1: we could have hit in this episode was the debate

919
00:53:45,360 --> 00:53:47,640
Speaker 1: over whether or not to abolish the penny. I know

920
00:53:47,760 --> 00:53:49,920
Speaker 1: you have very strong feelings about that, largely because you

921
00:53:49,960 --> 00:53:53,160
Speaker 1: probably don't like touching pennies. Right, And we didn't even

922
00:53:53,200 --> 00:53:57,080
Speaker 1: touch on the fact that Georgia Tech our hometown NERD

923
00:53:57,120 --> 00:54:00,560
Speaker 1: football team. Yeah, you ever wondered about that? There you

924
00:54:00,600 --> 00:54:03,080
Speaker 1: went there? Yeah, you were't on the football team though, No,

925
00:54:03,200 --> 00:54:04,919
Speaker 1: not that I recall. So do they just let people

926
00:54:04,960 --> 00:54:06,400
Speaker 1: go there just to be on the football team or

927
00:54:06,600 --> 00:54:08,840
Speaker 1: is the football team just like full of genius engineers

928
00:54:08,840 --> 00:54:12,160
Speaker 1: and diplomats? From what I remember, they have a pretty

929
00:54:12,239 --> 00:54:15,240
Speaker 1: high bar academically. Sorry, I don't mean to be dismissive.

930
00:54:15,239 --> 00:54:17,120
Speaker 1: I don't understand how this stuff works, but yeah they have.

931
00:54:17,239 --> 00:54:20,360
Speaker 1: They have a rivalry with Clemson UM and they actually

932
00:54:20,400 --> 00:54:23,680
Speaker 1: refused to play each other out of protest, and the

933
00:54:23,719 --> 00:54:27,760
Speaker 1: alumni stamped two dollar bills with the Clemson Tiger paws

934
00:54:28,080 --> 00:54:33,120
Speaker 1: and used them around Atlanta to illustrate the money that

935
00:54:33,200 --> 00:54:36,959
Speaker 1: the Tiger fans were spending at these events. So once

936
00:54:36,960 --> 00:54:41,239
Speaker 1: again the two dollar bill rears. It's uh quirky head

937
00:54:41,640 --> 00:54:43,759
Speaker 1: and perhaps you can be part of a two dollar

938
00:54:43,800 --> 00:54:46,600
Speaker 1: bill protest movement in the future. Have you been part

939
00:54:46,640 --> 00:54:49,759
Speaker 1: of one? Yeah? And if you're planning one, what are

940
00:54:49,960 --> 00:54:52,600
Speaker 1: you protesting? We might just join you. Let us know.

941
00:54:52,719 --> 00:54:54,680
Speaker 1: You can write to us directly. We are ridiculous at

942
00:54:54,680 --> 00:54:58,720
Speaker 1: how stuff works dot com. As always, a massive thanks

943
00:54:58,760 --> 00:55:01,879
Speaker 1: to Casey Pegrom and Alex Williams who composed our track

944
00:55:02,000 --> 00:55:05,200
Speaker 1: and not to mention a plus ace number one researcher

945
00:55:05,280 --> 00:55:09,600
Speaker 1: Christopher Hasiotis for holding our hands down this rabbit hole

946
00:55:10,400 --> 00:55:14,680
Speaker 1: deep dive, shallow dive, medium dive. I thought it was

947
00:55:14,680 --> 00:55:16,759
Speaker 1: pretty good dive. You know, I I rate us more

948
00:55:16,800 --> 00:55:18,799
Speaker 1: on form, so I thought it was a good form.

949
00:55:18,960 --> 00:55:23,359
Speaker 1: I made a tiny splash, right, Oh man, how come

950
00:55:23,400 --> 00:55:25,759
Speaker 1: the one does a cannonball at the Olympics. I was

951
00:55:25,800 --> 00:55:28,480
Speaker 1: wondering that when I was a kid. But cannonballs aside.

952
00:55:28,560 --> 00:55:31,760
Speaker 1: Stay tuned for our next episode. When we will ask

953
00:55:31,920 --> 00:55:36,200
Speaker 1: how related are US presidents in terms of familial I

954
00:55:36,239 --> 00:55:38,640
Speaker 1: thought I was gonna say they're their presidents. They're all

955
00:55:38,680 --> 00:55:41,520
Speaker 1: president presidents. You know you can try, but name one

956
00:55:41,600 --> 00:55:43,960
Speaker 1: US president who was not president? All right, that's tough.

957
00:55:44,280 --> 00:55:47,160
Speaker 1: It's a tough one, not impossible. But no, I see

958
00:55:47,160 --> 00:55:49,080
Speaker 1: where you're going with this, Ben, and that does sound

959
00:55:49,280 --> 00:55:52,239
Speaker 1: like a good time. So stay tuned right to us.

960
00:55:52,280 --> 00:55:54,120
Speaker 1: Will always love to hear from you. You can also

961
00:55:54,320 --> 00:55:59,000
Speaker 1: join our community on Facebook. We are Ridiculous Historians. That's

962
00:55:59,040 --> 00:56:01,960
Speaker 1: where you can see Nolan, Casey and I are dropping

963
00:56:02,040 --> 00:56:06,520
Speaker 1: by with the odd childhood photo maybe soon the karaoke eclips,

964
00:56:06,880 --> 00:56:10,719
Speaker 1: and most importantly, hearing your suggestions for future topics. That

965
00:56:10,800 --> 00:56:13,440
Speaker 1: sounds good to me, My friend Casey, can we go

966
00:56:13,480 --> 00:56:14,960
Speaker 1: out on the cash registered Ram