1 00:00:01,160 --> 00:00:03,200 Speaker 1: Play Travis with the Clay and Buck Show, wishing you 2 00:00:03,279 --> 00:00:06,560 Speaker 1: and your family of very merry Christmas and a happy 3 00:00:06,600 --> 00:00:07,000 Speaker 1: New Year. 4 00:00:07,360 --> 00:00:10,280 Speaker 2: Buck Sexton Here the entire Clay and Bucks Show wish 5 00:00:10,320 --> 00:00:12,960 Speaker 2: you and your family a warm Christmas season and a 6 00:00:13,080 --> 00:00:16,680 Speaker 2: joyful New Year. Sunday Hang is brought to you by 7 00:00:16,800 --> 00:00:20,760 Speaker 2: Chalk Natural Supplements for guys, gals, and nothing in between. 8 00:00:20,920 --> 00:00:25,279 Speaker 2: Fuel your day at Chalk dot Com, bold reverence, and 9 00:00:25,680 --> 00:00:26,960 Speaker 2: occasionally random. 10 00:00:27,200 --> 00:00:31,280 Speaker 1: The Sunday Hang with Clay and Buck Podcast. It starts now. 11 00:00:32,320 --> 00:00:33,920 Speaker 1: I just put up a pole question Buck that we 12 00:00:33,960 --> 00:00:37,640 Speaker 1: can have some fun with this too. Today, the last 13 00:00:37,840 --> 00:00:42,680 Speaker 1: pennies are being produced, that is, the one cent coin 14 00:00:43,159 --> 00:00:46,080 Speaker 1: is basically being phased out. Trump came in and said 15 00:00:46,400 --> 00:00:49,199 Speaker 1: the penny doesn't make sense. It costs more than to 16 00:00:50,120 --> 00:00:55,160 Speaker 1: than to produce it. Should we eliminate all coins? This 17 00:00:55,320 --> 00:00:57,120 Speaker 1: may be stepping into this. May it like when I 18 00:00:57,120 --> 00:00:59,959 Speaker 1: went after flute players. I'm a hard Yeah. 19 00:01:00,000 --> 00:01:02,840 Speaker 2: I saw on this one producer Greg, I'm gonna get 20 00:01:02,880 --> 00:01:04,280 Speaker 2: We're gonna give you a minute. I don't know if 21 00:01:04,319 --> 00:01:06,640 Speaker 2: he's by the mic at in NYC, or if he 22 00:01:06,640 --> 00:01:09,200 Speaker 2: wants to just do a talkback or whatever. He seems 23 00:01:09,240 --> 00:01:11,120 Speaker 2: like he's not down for and I want to know, 24 00:01:11,480 --> 00:01:13,560 Speaker 2: why would anyone want there to still be pennies. 25 00:01:14,840 --> 00:01:20,000 Speaker 3: We need to have currency for every person. Because you 26 00:01:20,120 --> 00:01:24,080 Speaker 3: eliminate the penny, you eliminate the nickel. That's it's the 27 00:01:24,200 --> 00:01:26,840 Speaker 3: first step on the slippery slope to getting rid of 28 00:01:26,920 --> 00:01:30,640 Speaker 3: all currency, and then everything can be tracked by the government. 29 00:01:30,920 --> 00:01:31,480 Speaker 1: All the time. 30 00:01:31,520 --> 00:01:33,520 Speaker 2: Okay, well, I'm with I'm with you on the digital 31 00:01:33,560 --> 00:01:36,000 Speaker 2: dollar thing, Producer Greg, so that you're I'm with you 32 00:01:36,040 --> 00:01:37,240 Speaker 2: on that, But pennies. 33 00:01:36,840 --> 00:01:38,600 Speaker 1: When was the last time you used a penny? You'd 34 00:01:38,680 --> 00:01:42,520 Speaker 1: be surprised how much jangling coins does Producer Greg have 35 00:01:42,600 --> 00:01:46,480 Speaker 1: in his pocket right now, just jangling around, weighing down 36 00:01:46,520 --> 00:01:50,200 Speaker 1: his pants, dragging him down. I'm with you, Buck, I 37 00:01:50,240 --> 00:01:53,000 Speaker 1: think we should eliminate all coins. I don't think there 38 00:01:53,000 --> 00:01:55,120 Speaker 1: should be coin currency anymore. 39 00:01:55,920 --> 00:01:58,240 Speaker 2: That he's gonna be a scorching hot take that we 40 00:01:58,320 --> 00:01:59,760 Speaker 2: didn't expect to be scorching. 41 00:02:00,280 --> 00:02:03,120 Speaker 1: Maybe we may get fired up and get attacked on 42 00:02:03,160 --> 00:02:06,320 Speaker 1: this one, but we're right. We may have stepped into 43 00:02:06,400 --> 00:02:08,800 Speaker 1: a coin loving buzzsaw here, Buck. 44 00:02:10,280 --> 00:02:10,600 Speaker 4: It is. 45 00:02:11,200 --> 00:02:13,000 Speaker 1: The comments are going to be very, very funny. I 46 00:02:13,040 --> 00:02:16,160 Speaker 1: think on this the poll you can go vote in it. 47 00:02:17,040 --> 00:02:23,280 Speaker 1: Thousands of you are already weighing in, and the general 48 00:02:23,320 --> 00:02:26,400 Speaker 1: consensus is it's close to fifty to fifty on whether 49 00:02:26,480 --> 00:02:29,600 Speaker 1: we should be eliminating all coins. The reason why I 50 00:02:29,680 --> 00:02:35,040 Speaker 1: brought that up was because today is reportedly the last 51 00:02:35,120 --> 00:02:37,480 Speaker 1: day I saw this on Fox News, that they are 52 00:02:37,520 --> 00:02:41,400 Speaker 1: going to be producing the penny. It definitely costs more 53 00:02:41,440 --> 00:02:44,560 Speaker 1: to produce the penny than the penny is worth, and 54 00:02:44,639 --> 00:02:48,240 Speaker 1: so in the future, the smallest coin would now be 55 00:02:48,400 --> 00:02:51,720 Speaker 1: the nickel. And I think going forward, you're going to 56 00:02:51,760 --> 00:02:55,359 Speaker 1: see more and more arguments about, hey, do we still 57 00:02:55,440 --> 00:02:59,040 Speaker 1: need to continue to produce coins. There would still be 58 00:02:59,120 --> 00:03:03,040 Speaker 1: coins in circulation, probably for you know, the next hundred years. 59 00:03:03,040 --> 00:03:04,760 Speaker 1: I mean, I don't know how long it would go on. 60 00:03:05,320 --> 00:03:08,480 Speaker 1: Here's a fun stat for you, buck, what percentage of 61 00:03:08,680 --> 00:03:14,639 Speaker 1: money that exists in the world today actually physically exists? 62 00:03:16,320 --> 00:03:22,880 Speaker 1: What money? Fifteen? Good guess I'm told it's ten. Okay, 63 00:03:23,000 --> 00:03:24,440 Speaker 1: I was. I was in the RELs, I was in 64 00:03:24,440 --> 00:03:26,400 Speaker 1: the row. But yeah, I think that will blow a 65 00:03:26,440 --> 00:03:29,560 Speaker 1: lot of your minds out there. In other words, if 66 00:03:29,600 --> 00:03:32,360 Speaker 1: you went to the bank and you have X dollars, 67 00:03:32,480 --> 00:03:35,560 Speaker 1: and everybody went to the bank and they have X dollars. 68 00:03:35,600 --> 00:03:38,160 Speaker 1: I mean this is sort of a bank run. The 69 00:03:38,200 --> 00:03:42,960 Speaker 1: physical notes that represent the vast majority of the wealth 70 00:03:43,000 --> 00:03:47,040 Speaker 1: in the world, it doesn't exist. It's just numbers on 71 00:03:47,160 --> 00:03:51,840 Speaker 1: a computer screen. Only about ten percent of the dollars 72 00:03:51,880 --> 00:03:55,280 Speaker 1: in America, of the euros in America, of all of 73 00:03:55,320 --> 00:04:01,120 Speaker 1: the different currencies physically exist. That's something kind of interesting. 74 00:04:01,160 --> 00:04:04,600 Speaker 1: And the younger you are, young people, and I sell 75 00:04:04,640 --> 00:04:06,640 Speaker 1: like an old guy every time I say that. Young people, 76 00:04:06,840 --> 00:04:08,760 Speaker 1: and I'm going to be an old guy. They don't 77 00:04:08,760 --> 00:04:13,119 Speaker 1: even carry money, I mean, like the actual physical carrying 78 00:04:13,160 --> 00:04:16,080 Speaker 1: of money. They have their iPhone, they pay with Apple Pay, 79 00:04:16,200 --> 00:04:20,640 Speaker 1: they have credit cards, they don't physically carry around cash 80 00:04:20,839 --> 00:04:24,120 Speaker 1: at all. They have Venmo, they have Zel, they have 81 00:04:24,200 --> 00:04:27,799 Speaker 1: all these different ways to share expenses when they're buying, 82 00:04:28,360 --> 00:04:31,920 Speaker 1: you know, going out for dinners or whatever else, concert tickets. 83 00:04:32,960 --> 00:04:37,520 Speaker 1: It's kind of wild. We're moving towards a cashlest society already, 84 00:04:38,320 --> 00:04:40,560 Speaker 1: and I think we're moving there in really rapid fashion. 85 00:04:40,760 --> 00:04:42,760 Speaker 1: Much to producer Greg Chagrin. 86 00:04:43,720 --> 00:04:46,080 Speaker 2: Well, yes, and I do agree that there are concerns 87 00:04:46,120 --> 00:04:51,640 Speaker 2: about not having the privacy and the ability to just 88 00:04:52,400 --> 00:04:55,320 Speaker 2: have currency that the government is not tracking and aware 89 00:04:55,360 --> 00:04:59,160 Speaker 2: of it at all times. But I don't know man pennies 90 00:05:00,040 --> 00:05:02,160 Speaker 2: not a fan of pennies quarters. 91 00:05:02,200 --> 00:05:05,720 Speaker 1: I'm a little more open to you ever work retail? 92 00:05:06,040 --> 00:05:07,880 Speaker 1: Did you ever work at a place where you had 93 00:05:07,920 --> 00:05:12,360 Speaker 1: to accept cash, make change like process transactions. I've done 94 00:05:12,400 --> 00:05:13,880 Speaker 1: a lot of retail in my life. 95 00:05:14,960 --> 00:05:17,719 Speaker 2: Tell everybody Clay, Abercrombie and Fitch were they only were 96 00:05:17,720 --> 00:05:20,040 Speaker 2: they only hired good looking people. When Clay did it, 97 00:05:20,040 --> 00:05:22,560 Speaker 2: he at least loves to remind us all. My wife, too, 98 00:05:24,600 --> 00:05:26,320 Speaker 2: is very shy about it. I'm like, I'm like, so 99 00:05:26,400 --> 00:05:28,560 Speaker 2: you were hired at the Florida Abercrombie or you know, 100 00:05:28,680 --> 00:05:30,680 Speaker 2: Fitch or like the Orlando area or whatever because you 101 00:05:30,680 --> 00:05:32,000 Speaker 2: were cute, right, Like, just say it. 102 00:05:32,000 --> 00:05:33,800 Speaker 1: She's like, no, I was a hard worker. I'm like, 103 00:05:33,960 --> 00:05:39,800 Speaker 1: right right. It was a the retail jobs that I had. 104 00:05:39,920 --> 00:05:43,080 Speaker 1: I worked at American Eagle, now famous because of the 105 00:05:43,120 --> 00:05:46,320 Speaker 1: Sydney Sweeney jeans. For years. I worked at a company 106 00:05:46,360 --> 00:05:50,080 Speaker 1: called Media Play in the book section. The idea there 107 00:05:50,279 --> 00:05:52,520 Speaker 1: was you could buy CDs, you could buy books. Some 108 00:05:52,560 --> 00:05:55,920 Speaker 1: of you will remember the concept big box retailer. And 109 00:05:55,960 --> 00:05:59,880 Speaker 1: then I worked at Abercrombie and Fitch, Pentagon City Mall 110 00:06:00,360 --> 00:06:03,360 Speaker 1: in Washington, d C. While I was in college. One 111 00:06:03,400 --> 00:06:05,480 Speaker 1: of the best jobs I ever had buck pretty girls 112 00:06:05,560 --> 00:06:07,840 Speaker 1: walk in. You got an immediate excuse to talk to 113 00:06:07,880 --> 00:06:10,560 Speaker 1: pretty girls. It's like, I mean, that's I'll tell you 114 00:06:10,560 --> 00:06:11,200 Speaker 1: the truth. Man. 115 00:06:11,320 --> 00:06:14,800 Speaker 2: I got caught up in the world and this was 116 00:06:14,880 --> 00:06:18,520 Speaker 2: really common in New York, the world of the unpaid 117 00:06:18,680 --> 00:06:23,240 Speaker 2: corporate internship I had, and in retrospect, I got scammed. 118 00:06:23,839 --> 00:06:27,039 Speaker 2: I think it would have been way better now. Some 119 00:06:27,040 --> 00:06:29,560 Speaker 2: some places I got like I worked at the Washington 120 00:06:29,600 --> 00:06:33,200 Speaker 2: Institute for Neary's Policy and they because they actually had 121 00:06:33,200 --> 00:06:36,600 Speaker 2: interns do real work, they paid you like you were paid. 122 00:06:36,640 --> 00:06:37,920 Speaker 2: It was you know, it was maybe three or four 123 00:06:38,040 --> 00:06:39,719 Speaker 2: hundred bucks a week or something at the time, but 124 00:06:39,760 --> 00:06:42,080 Speaker 2: it was like at the time living in DC with 125 00:06:42,120 --> 00:06:46,159 Speaker 2: three roommates over the summer, that was real money. But 126 00:06:46,279 --> 00:06:49,039 Speaker 2: I remember other places where I worked and I did. 127 00:06:49,320 --> 00:06:51,600 Speaker 2: I worked at the Council on Foreign Relations as an intern. 128 00:06:52,000 --> 00:06:56,520 Speaker 2: They didn't pay, and that place has a huge see 129 00:06:56,640 --> 00:06:59,480 Speaker 2: people like CUFAR, that's the globalist. 130 00:06:58,960 --> 00:06:59,680 Speaker 1: And the illuminati. 131 00:06:59,760 --> 00:07:01,960 Speaker 2: Yeah, I was an intern there, trust me, No one cared, 132 00:07:02,000 --> 00:07:05,920 Speaker 2: no one remembered me. They didn't pay and people were 133 00:07:06,920 --> 00:07:12,520 Speaker 2: there was someone who got an actual recommendation from I 134 00:07:12,560 --> 00:07:14,760 Speaker 2: think it was the Crown Prince of Jordan or something 135 00:07:15,280 --> 00:07:17,560 Speaker 2: for one of those internships, Clay, I mean people would 136 00:07:17,600 --> 00:07:21,360 Speaker 2: go all out for these didn't matter, these unpaid internships. 137 00:07:21,360 --> 00:07:23,320 Speaker 1: It doesn't people. I was like, Oh, it'll transmit a 138 00:07:23,320 --> 00:07:23,680 Speaker 1: new job. 139 00:07:23,720 --> 00:07:26,160 Speaker 2: What I'm saying is, I think your experience of actually 140 00:07:26,160 --> 00:07:30,840 Speaker 2: working in commerce and capitalism a much better play for people, 141 00:07:31,120 --> 00:07:35,320 Speaker 2: and it establishes something of an economic libido. You're like, oh, 142 00:07:35,640 --> 00:07:39,280 Speaker 2: work harder, work longer, more money. An internship where you're 143 00:07:39,320 --> 00:07:41,040 Speaker 2: not paid so you can put it on your resume, 144 00:07:41,400 --> 00:07:44,760 Speaker 2: you're actually incentivized to do as little as possible and 145 00:07:44,760 --> 00:07:46,360 Speaker 2: get out of there as fast as possible. 146 00:07:46,960 --> 00:07:51,440 Speaker 1: And I think they're diminishing the number of unpaid internships 147 00:07:51,480 --> 00:07:52,040 Speaker 1: in general. 148 00:07:52,440 --> 00:07:54,600 Speaker 2: Oh no, it's there are rules against it now. There 149 00:07:54,600 --> 00:07:57,360 Speaker 2: are rules against it now because it became so exploitative. 150 00:07:57,600 --> 00:07:59,640 Speaker 2: Like I did want at CBS eving News, but I 151 00:07:59,640 --> 00:08:02,640 Speaker 2: got school credit for it, so that seemed like a fair. 152 00:08:02,960 --> 00:08:06,520 Speaker 2: But I did summer internships a number of them, starting 153 00:08:06,520 --> 00:08:08,280 Speaker 2: when I was even in high school, where I didn't 154 00:08:08,280 --> 00:08:10,000 Speaker 2: get any I didn't get paid, and I was just 155 00:08:10,040 --> 00:08:13,080 Speaker 2: basically fetching coffee and making xeroxes so I could put 156 00:08:13,080 --> 00:08:14,960 Speaker 2: on my resume that I this was a thing in 157 00:08:15,000 --> 00:08:18,280 Speaker 2: the nineties of those of you who are elder millennials. 158 00:08:18,320 --> 00:08:20,440 Speaker 2: Not you old gen X people. Gen X people, you 159 00:08:20,520 --> 00:08:24,440 Speaker 2: gotta worry about your creaking joints and bones. The elder millennials, 160 00:08:24,800 --> 00:08:27,400 Speaker 2: you know what I'm talking about. You we all got 161 00:08:27,440 --> 00:08:30,600 Speaker 2: scammed man, late nineties. It was like Clay, I worked 162 00:08:30,600 --> 00:08:34,280 Speaker 2: at a a at a music label for a summer 163 00:08:34,960 --> 00:08:37,240 Speaker 2: for a couple months, and it was a complete waste 164 00:08:37,240 --> 00:08:37,720 Speaker 2: of my time. 165 00:08:38,280 --> 00:08:41,160 Speaker 1: This is unexpected. You worked at a music label for. 166 00:08:41,200 --> 00:08:44,040 Speaker 2: Like a month. Yeah, like an internship, total waste of time. 167 00:08:44,280 --> 00:08:46,199 Speaker 2: They're like the biggest I think it was supposed to 168 00:08:46,240 --> 00:08:48,240 Speaker 2: be all summer. I legitimly told my parents, like, I'm 169 00:08:48,240 --> 00:08:49,880 Speaker 2: gonna go play tennis and stead this is a waste 170 00:08:49,920 --> 00:08:50,240 Speaker 2: of time. 171 00:08:50,480 --> 00:08:56,720 Speaker 1: So yeah, what was the music label? Death Row? No, no, no, no, 172 00:08:56,720 --> 00:08:57,120 Speaker 1: it wasn't. 173 00:08:57,160 --> 00:08:59,719 Speaker 2: It was actually a music publishing company, so it was 174 00:08:59,760 --> 00:09:01,520 Speaker 2: kind of like did A and R and it was 175 00:09:01,559 --> 00:09:03,559 Speaker 2: owned publishing, right. Clay was the most boring interurn. I 176 00:09:03,559 --> 00:09:05,240 Speaker 2: don't even remember. I was like seventeen. 177 00:09:05,360 --> 00:09:08,000 Speaker 1: It's the worst thing I ever worst way I ever 178 00:09:08,000 --> 00:09:12,199 Speaker 1: spent a summer in college. When I was at GW undergrad, 179 00:09:12,400 --> 00:09:15,720 Speaker 1: I went and worked on Capitol Hill as part of 180 00:09:15,760 --> 00:09:19,360 Speaker 1: being a student in DC, and that was actually somewhat 181 00:09:19,440 --> 00:09:22,960 Speaker 1: useful and interesting. But yeah, there's a ton of those 182 00:09:23,000 --> 00:09:24,960 Speaker 1: that don't have any impact at all. I was just 183 00:09:25,000 --> 00:09:28,760 Speaker 1: thinking nowadays, when you work retail, and a lot of 184 00:09:28,760 --> 00:09:32,600 Speaker 1: you out there who work in who work in restaurants 185 00:09:32,679 --> 00:09:36,000 Speaker 1: or whatever else. I don't even remember the last time 186 00:09:36,120 --> 00:09:40,400 Speaker 1: I saw someone pay in a restaurant with cash. You know, 187 00:09:40,440 --> 00:09:43,080 Speaker 1: they have all these mobile devices now where they can 188 00:09:43,120 --> 00:09:45,920 Speaker 1: come right right to your table and like take all 189 00:09:45,960 --> 00:09:48,840 Speaker 1: your money. I don't even remember. A lot of places 190 00:09:48,880 --> 00:09:51,240 Speaker 1: won't even take cash now. We used to. The reason 191 00:09:51,320 --> 00:09:53,240 Speaker 1: I was bringing it up buck is at the end 192 00:09:53,240 --> 00:09:55,920 Speaker 1: of the day at American Eagle, and it doesn't seem 193 00:09:56,040 --> 00:09:58,800 Speaker 1: very safe now. We would have a big bag of 194 00:09:58,880 --> 00:10:02,960 Speaker 1: cash that we would deposit into the bank, that we 195 00:10:03,000 --> 00:10:05,960 Speaker 1: would clear out the cash registers with. And I was 196 00:10:05,960 --> 00:10:07,680 Speaker 1: thinking about it the other day because if I tried 197 00:10:07,720 --> 00:10:10,640 Speaker 1: to explain that to my kids, they wouldn't even understand. 198 00:10:10,679 --> 00:10:13,040 Speaker 1: And it was filled with coins, and it was filled 199 00:10:13,120 --> 00:10:15,679 Speaker 1: with cash, and we had to tally it up, and 200 00:10:15,720 --> 00:10:17,440 Speaker 1: we had to take it, and we had to deposit 201 00:10:17,480 --> 00:10:20,280 Speaker 1: it at the end of the day. There's never any security. 202 00:10:20,280 --> 00:10:22,040 Speaker 1: I remember thinking, this doesn't make a lot of sense. 203 00:10:22,080 --> 00:10:25,079 Speaker 1: There's thousands and thousands of dollars, but that was what 204 00:10:25,160 --> 00:10:28,959 Speaker 1: we had to do because the physical encapsulation of money 205 00:10:29,080 --> 00:10:31,880 Speaker 1: was such a thing. And remember in Breaking Bad when 206 00:10:31,880 --> 00:10:35,120 Speaker 1: he starts to make real amounts of money, great television show, 207 00:10:35,400 --> 00:10:37,400 Speaker 1: and he doesn't even know what to do with all 208 00:10:37,480 --> 00:10:39,439 Speaker 1: the cash. This is one of the challenges of the 209 00:10:39,520 --> 00:10:42,960 Speaker 1: drug trade in general. It's all a cash business. It 210 00:10:43,040 --> 00:10:45,679 Speaker 1: takes a lot of space when you have actual, the 211 00:10:45,679 --> 00:10:48,000 Speaker 1: physical manifestation of all that wealth. 212 00:10:48,800 --> 00:10:51,479 Speaker 2: Somebody can tell me what the This was a famous 213 00:10:51,640 --> 00:10:55,840 Speaker 2: problem that Pablo Escobar, the world's drug kingpin back in 214 00:10:55,880 --> 00:10:59,360 Speaker 2: the eighties and nineties and really the original public enemy 215 00:10:59,440 --> 00:11:02,400 Speaker 2: number one of the US government in the pre War 216 00:11:02,480 --> 00:11:06,400 Speaker 2: on Terror terror era, he had something that they would 217 00:11:06,440 --> 00:11:09,800 Speaker 2: call spoilage clay, which was they had so they could 218 00:11:09,880 --> 00:11:11,800 Speaker 2: not find a place to put all the cash that 219 00:11:11,840 --> 00:11:14,679 Speaker 2: they were making by selling cocaine in the United States, 220 00:11:15,080 --> 00:11:18,679 Speaker 2: and so they would store it underground in palettes and 221 00:11:18,880 --> 00:11:22,640 Speaker 2: rats would eat it. And there were some crazy figure, 222 00:11:23,040 --> 00:11:25,400 Speaker 2: tens of millions of dollars a year. They thought they 223 00:11:25,400 --> 00:11:30,240 Speaker 2: were losing to rats eating their cash because that's how 224 00:11:30,320 --> 00:11:32,800 Speaker 2: much cash they were making in the illegal drug trade. 225 00:11:33,200 --> 00:11:35,240 Speaker 2: One thing that used to exist in New York. It 226 00:11:35,240 --> 00:11:38,240 Speaker 2: doesn't really anymore, but there were a number of restaurants 227 00:11:38,280 --> 00:11:41,040 Speaker 2: that were famous play for being cash only. Yeah, and 228 00:11:41,400 --> 00:11:45,120 Speaker 2: it was basically because it was like they weren't really 229 00:11:45,160 --> 00:11:46,760 Speaker 2: reporting all the money they were making. 230 00:11:47,040 --> 00:11:49,560 Speaker 1: You know, that was the idea issue. 231 00:11:49,720 --> 00:11:54,200 Speaker 2: Yes, but the irs got way better at calculating the 232 00:11:54,679 --> 00:11:56,840 Speaker 2: you know, because they can base it off your inventory, 233 00:11:57,080 --> 00:12:00,280 Speaker 2: So what you buy, What are you buying monthly? Oh really, 234 00:12:00,320 --> 00:12:02,800 Speaker 2: you're only making that much, but you're buying this much. 235 00:12:03,120 --> 00:12:04,840 Speaker 2: So they have ways of figuring this stuff out. 236 00:12:05,640 --> 00:12:09,600 Speaker 1: Instaurants that was huge. They would avoid reporting the actual 237 00:12:09,720 --> 00:12:12,760 Speaker 1: dollars that came into the building. And now obviously you 238 00:12:12,800 --> 00:12:14,360 Speaker 1: can't do that with credit card and a lot of 239 00:12:14,360 --> 00:12:17,080 Speaker 1: you out there who get tips, it's way easier to 240 00:12:17,120 --> 00:12:19,560 Speaker 1: track your tips now in a credit card era than 241 00:12:19,600 --> 00:12:21,520 Speaker 1: it ever was when you just got cash handed to 242 00:12:21,600 --> 00:12:27,080 Speaker 1: you Sundays with Clay and buck. A lot of you 243 00:12:28,160 --> 00:12:31,440 Speaker 1: weighing in this is gonna be like the flutes buck, 244 00:12:31,640 --> 00:12:33,880 Speaker 1: they're coming for me. A lot of you with your 245 00:12:33,920 --> 00:12:38,400 Speaker 1: flute playing, quarters in your hand, your rolls of pennies. 246 00:12:38,840 --> 00:12:41,200 Speaker 2: I'm just gonna say, if someone finds you in the 247 00:12:41,280 --> 00:12:46,520 Speaker 2: driveway of your nice, brand new house bludgeoned and there's 248 00:12:46,960 --> 00:12:50,000 Speaker 2: a flute and a handful of pennies next to the body, 249 00:12:50,600 --> 00:12:51,840 Speaker 2: we're all gonna know what happened. 250 00:12:52,280 --> 00:12:54,920 Speaker 1: That's right. I'm in potential danger here. I want to 251 00:12:54,960 --> 00:12:58,160 Speaker 1: take this call because I don't even understand how it's possible. 252 00:12:59,440 --> 00:13:02,600 Speaker 1: There is a woman, Jen, She says, she is in 253 00:13:02,640 --> 00:13:07,880 Speaker 1: the southeastern United States. You said you only escaped your 254 00:13:08,000 --> 00:13:12,000 Speaker 1: husband because you were able to save pennies. Is Jin there? 255 00:13:13,520 --> 00:13:15,360 Speaker 5: Yes, sir, Good afternoon, gentlemen. 256 00:13:16,120 --> 00:13:19,160 Speaker 1: All right, Jen, how many pennies did you save? What 257 00:13:19,720 --> 00:13:23,440 Speaker 1: did escaping your husband cost you? What did you buy? 258 00:13:25,240 --> 00:13:29,160 Speaker 4: I bought a lawyer for one thousand dollars as a retainer, 259 00:13:29,559 --> 00:13:35,400 Speaker 4: using thirty five jar thirty five court sized glass jars 260 00:13:35,920 --> 00:13:39,200 Speaker 4: on six shelves in the back of my pantry, all 261 00:13:39,280 --> 00:13:40,199 Speaker 4: filled with pennies. 262 00:13:40,640 --> 00:13:43,360 Speaker 1: How many years did it take you to save up 263 00:13:43,400 --> 00:13:44,280 Speaker 1: that many pennies? 264 00:13:46,000 --> 00:13:46,200 Speaker 3: Uh? 265 00:13:46,679 --> 00:13:50,400 Speaker 5: It took me about it took me about two and 266 00:13:50,480 --> 00:13:51,440 Speaker 5: a half years. 267 00:13:51,880 --> 00:13:54,720 Speaker 1: So were you thinking the whole time, I'm saving these 268 00:13:54,800 --> 00:13:57,720 Speaker 1: pennies so I can afford to divorce my husband. And 269 00:13:57,760 --> 00:14:01,760 Speaker 1: what did the lawyer think when his retainer fee is 270 00:14:01,840 --> 00:14:04,760 Speaker 1: paid in thirty five jugs of pennies. 271 00:14:06,920 --> 00:14:10,960 Speaker 5: My lawyer was amazing. And what I was doing was 272 00:14:11,120 --> 00:14:17,880 Speaker 5: I was slowly collecting pennies and other change because he 273 00:14:18,200 --> 00:14:20,960 Speaker 5: was looking in my wallet after I would go grocery 274 00:14:21,000 --> 00:14:26,360 Speaker 5: shopping for my cash. And my lawyer was very amazing. 275 00:14:28,320 --> 00:14:31,280 Speaker 1: So was this just this is like an incredible story. Yeah, 276 00:14:31,280 --> 00:14:34,240 Speaker 1: this is pretty crazy. So you hid the coins that 277 00:14:34,320 --> 00:14:37,240 Speaker 1: you were getting back as change on like grocery store 278 00:14:37,240 --> 00:14:40,800 Speaker 1: trips and whatnot, and as a result, you were able 279 00:14:40,840 --> 00:14:43,200 Speaker 1: to retain an attorney. So it's not just pennies you 280 00:14:43,200 --> 00:14:46,000 Speaker 1: were having quarters, like just all the change you could 281 00:14:46,040 --> 00:14:46,840 Speaker 1: get you were seeking. 282 00:14:46,880 --> 00:14:49,800 Speaker 2: There was change jars. You kept change jars together and 283 00:14:49,840 --> 00:14:50,880 Speaker 2: you were able to get a lawyer. 284 00:14:52,160 --> 00:14:56,720 Speaker 5: It was it was thirty five jars of pennies alone 285 00:14:57,360 --> 00:15:03,920 Speaker 5: with an addition of mixed all together, mixed together, so 286 00:15:04,000 --> 00:15:08,600 Speaker 5: it was thirty five pennies, thirty five jars of pennies only, 287 00:15:09,080 --> 00:15:11,920 Speaker 5: and then additional change as well. But it was over 288 00:15:11,960 --> 00:15:14,520 Speaker 5: one thousand dollars in just pennies. 289 00:15:15,240 --> 00:15:17,800 Speaker 1: So what would have happened if the if I had 290 00:15:17,920 --> 00:15:21,640 Speaker 1: won and there were was now The reality is change 291 00:15:21,680 --> 00:15:24,440 Speaker 1: is going to be circulating for the rest of our lives. 292 00:15:24,520 --> 00:15:27,280 Speaker 1: What they're doing today is they are just stopping production 293 00:15:27,440 --> 00:15:31,080 Speaker 1: of more pennies, so they'll continue to circulate for the 294 00:15:31,120 --> 00:15:34,160 Speaker 1: rest of our lives. But what would you have done 295 00:15:34,360 --> 00:15:36,240 Speaker 1: if change didn't exist? 296 00:15:37,920 --> 00:15:40,680 Speaker 5: I wouldn't have been able to get out still be 297 00:15:40,760 --> 00:15:43,640 Speaker 5: married probably. 298 00:15:44,720 --> 00:15:47,360 Speaker 2: Wow, Well that's quite a story, I gotta say. Have 299 00:15:47,400 --> 00:15:48,800 Speaker 2: you ever seen the Shawshank redemption? 300 00:15:51,120 --> 00:15:54,000 Speaker 5: Patience is a virtue? Be virtuous, you know. 301 00:15:54,200 --> 00:15:56,160 Speaker 2: I just remind thank you for calling in Clay. It 302 00:15:56,240 --> 00:16:00,440 Speaker 2: reminds me of what Andy Dufrayne, right, taking one piece 303 00:16:00,480 --> 00:16:03,080 Speaker 2: of dirt at a time and then he tunnels out. 304 00:16:03,360 --> 00:16:06,720 Speaker 1: Remember that. It's an amazing part of the story. That's 305 00:16:06,720 --> 00:16:11,280 Speaker 1: also the story of Alcatraz. If you visit Alcatraz, the 306 00:16:11,320 --> 00:16:15,600 Speaker 1: only people to ever escape from Alcatraz dug their way 307 00:16:15,760 --> 00:16:19,720 Speaker 1: out through the back of their gel cell there and 308 00:16:19,760 --> 00:16:23,560 Speaker 1: they then climbed on the pipes all the way out. 309 00:16:23,640 --> 00:16:26,360 Speaker 1: And we never have figured out what happened to those guys. 310 00:16:26,720 --> 00:16:30,520 Speaker 2: By the way, speaking of pennies and coinage and bills 311 00:16:30,600 --> 00:16:34,720 Speaker 2: in circulation. I did check back on this one, and 312 00:16:34,760 --> 00:16:39,960 Speaker 2: according to Pablo Escobar's brother at the time, who was 313 00:16:40,000 --> 00:16:44,880 Speaker 2: also his accountant for the operations of the Median cartel's 314 00:16:44,960 --> 00:16:48,120 Speaker 2: importation of cocaine, and I don't believe heroin, but mostly 315 00:16:48,120 --> 00:16:52,640 Speaker 2: just cocaine. In the United States play, their spoilage, which 316 00:16:52,680 --> 00:16:57,200 Speaker 2: was rats eating the cash and just physical loss to 317 00:16:57,280 --> 00:17:01,800 Speaker 2: the elements of of the cash that they were storing, 318 00:17:02,320 --> 00:17:03,720 Speaker 2: was two billion. 319 00:17:03,360 --> 00:17:08,440 Speaker 1: Dollars a year. Unbelievable. I mean, just like they're. 320 00:17:08,240 --> 00:17:11,000 Speaker 2: Like, oh, a big rainstorm, the cash got wet and 321 00:17:11,000 --> 00:17:13,600 Speaker 2: the rats ates. We were losing two billion dollars a year. 322 00:17:13,840 --> 00:17:15,360 Speaker 2: That's how much cash they had. 323 00:17:16,040 --> 00:17:17,760 Speaker 1: I mean, I think the answer some of you out 324 00:17:17,800 --> 00:17:20,879 Speaker 1: there probably wondering why we only go up to one 325 00:17:20,920 --> 00:17:23,440 Speaker 1: hundred dollar bills, for those of you that are strongly 326 00:17:23,480 --> 00:17:28,440 Speaker 1: committed to cash, it's because they don't want to make 327 00:17:28,480 --> 00:17:33,920 Speaker 1: it easier for the storage of money for illicit transactions. 328 00:17:33,960 --> 00:17:36,280 Speaker 1: In other words, if we had a thousand dollar bill, 329 00:17:36,760 --> 00:17:41,160 Speaker 1: you can imagine how much more money could be stored illicitly. 330 00:17:41,600 --> 00:17:44,919 Speaker 1: And there's been talk about the Euro potentially replacing one 331 00:17:45,000 --> 00:17:47,760 Speaker 1: hundred dollar bill, and you know, because if you're engaged 332 00:17:47,760 --> 00:17:51,360 Speaker 1: in criminal activity, you want the largest denomination bill possible 333 00:17:51,359 --> 00:17:53,120 Speaker 1: to way, what's the most cash? 334 00:17:53,400 --> 00:17:58,960 Speaker 2: What's the most cash you've ever seen physically present? It's 335 00:17:58,960 --> 00:18:04,160 Speaker 2: a great question. One time, ten can I oh, I saw, 336 00:18:04,560 --> 00:18:06,440 Speaker 2: I saw several million dollars in cash? 337 00:18:06,480 --> 00:18:09,200 Speaker 1: One well, you carried back in the day at the CIA, 338 00:18:09,320 --> 00:18:11,960 Speaker 1: you guys had go bags filled with lots of cash, right, 339 00:18:12,160 --> 00:18:14,520 Speaker 1: can neither confirm nor deny. 340 00:18:14,640 --> 00:18:17,560 Speaker 2: I'm just saying I saw a lot of cash I saw. 341 00:18:17,680 --> 00:18:19,320 Speaker 1: I mean, I told you back in the day the 342 00:18:19,520 --> 00:18:22,719 Speaker 1: US meant so. I've seen the big palettes of cash 343 00:18:22,840 --> 00:18:26,480 Speaker 1: before there. But in terms of physical cash that I've 344 00:18:26,520 --> 00:18:28,520 Speaker 1: ever seen, I think it was about ten grand is 345 00:18:28,560 --> 00:18:31,280 Speaker 1: the most that I've ever seen physically present one place. 346 00:18:31,600 --> 00:18:32,480 Speaker 1: I can just tell you that. 347 00:18:32,880 --> 00:18:34,800 Speaker 2: It's It's funny also when you see these movies and 348 00:18:34,840 --> 00:18:38,320 Speaker 2: they're like I need ten million dollars and someone shows 349 00:18:38,400 --> 00:18:39,480 Speaker 2: up with like a briefcase. 350 00:18:39,720 --> 00:18:41,920 Speaker 1: Oh no, no, no, it's gonna be. 351 00:18:42,200 --> 00:18:46,520 Speaker 2: Like Duffel bags. You're talking Duffel bags for ten million dollars. 352 00:18:46,760 --> 00:18:48,760 Speaker 2: It's gonna be a bit more than a a simple 353 00:18:48,880 --> 00:18:51,159 Speaker 2: valise or a briefcase. That's not going to get it 354 00:18:51,200 --> 00:18:53,160 Speaker 2: done for you. Just throwing that out there for ant 355 00:18:53,160 --> 00:18:56,160 Speaker 2: of you who are planning like a bond villain style, 356 00:18:57,280 --> 00:19:01,680 Speaker 2: you know bank situation. Yeah you can just to play 357 00:19:01,760 --> 00:19:04,240 Speaker 2: some of these people that are furious because the pennies 358 00:19:04,280 --> 00:19:07,600 Speaker 2: going away, because we're deluged in them right now. I 359 00:19:07,640 --> 00:19:09,520 Speaker 2: just think that it's a shame that they can't actually 360 00:19:09,520 --> 00:19:12,920 Speaker 2: like as part of the show, you know, throw pennies 361 00:19:12,960 --> 00:19:15,119 Speaker 2: at you to show their displeasure, because that would just 362 00:19:15,160 --> 00:19:15,480 Speaker 2: be fun. 363 00:19:15,480 --> 00:19:21,280 Speaker 1: But yes, go ahead, let's see. Oh man, so many 364 00:19:21,320 --> 00:19:26,480 Speaker 1: different ones of these let's go. A lot of people 365 00:19:26,560 --> 00:19:30,679 Speaker 1: are saying they use coins for family fun. This is, 366 00:19:30,760 --> 00:19:34,879 Speaker 1: for instance, what Justin from Arizona KFYI double D is saying, 367 00:19:35,840 --> 00:19:36,320 Speaker 1: I think we. 368 00:19:36,240 --> 00:19:41,879 Speaker 6: Should keep the coins. I'm with your producer. We have 369 00:19:42,000 --> 00:19:45,080 Speaker 6: a thing we call the family fun jar. So all 370 00:19:45,080 --> 00:19:48,080 Speaker 6: of our loose change goes into there, and when it 371 00:19:48,119 --> 00:19:50,879 Speaker 6: fills up, we cash it in and go do something 372 00:19:50,920 --> 00:19:52,000 Speaker 6: fun as a family. 373 00:19:52,800 --> 00:19:57,000 Speaker 1: That's a cool idea. If you're regularly bringing cash into 374 00:19:57,040 --> 00:19:57,960 Speaker 1: the house, Now. 375 00:19:58,040 --> 00:20:01,280 Speaker 2: Have you ever done that where you've it is deeply satisfying. 376 00:20:01,320 --> 00:20:03,800 Speaker 2: And I did this for many years. I had I 377 00:20:03,840 --> 00:20:07,240 Speaker 2: had a change jar I was I had very little 378 00:20:07,280 --> 00:20:08,800 Speaker 2: money and I was working for the government, and I 379 00:20:08,800 --> 00:20:12,120 Speaker 2: had a change jar and I would go to one 380 00:20:12,119 --> 00:20:16,159 Speaker 2: of those like Coinstar one of those places, because also 381 00:20:16,640 --> 00:20:18,400 Speaker 2: I remember I went once to a bank and they 382 00:20:18,400 --> 00:20:22,280 Speaker 2: gave me the little like TUTSI roll things to wrap 383 00:20:22,320 --> 00:20:24,119 Speaker 2: them up in, and I did the math on this 384 00:20:24,160 --> 00:20:27,040 Speaker 2: in my head. I'm like, this is I'm paying myself 385 00:20:27,080 --> 00:20:30,919 Speaker 2: like three dollars an hour in terms of just co 386 00:20:31,200 --> 00:20:33,600 Speaker 2: was not good. So yeah, Coinstar one of those things. 387 00:20:33,680 --> 00:20:35,800 Speaker 2: But I've definitely gone out with a buddy of mine 388 00:20:35,800 --> 00:20:37,760 Speaker 2: who used to do this too, and they like, get 389 00:20:37,800 --> 00:20:40,879 Speaker 2: like a Chinese all you can eat, you know, seventeen 390 00:20:40,960 --> 00:20:43,520 Speaker 2: dollars with the coins you have together, and so I'm 391 00:20:43,520 --> 00:20:46,240 Speaker 2: gonna tell you it's very satisfying, very satisfied. 392 00:20:46,880 --> 00:20:49,879 Speaker 1: I would say probably the most common is the going 393 00:20:49,960 --> 00:20:54,080 Speaker 1: through I think tolls now tend to also accept credit cards, 394 00:20:54,119 --> 00:20:56,760 Speaker 1: but you know that feeling when you're driving and you're like, oh, 395 00:20:56,760 --> 00:20:58,840 Speaker 1: I don't have much cash and there's a toll coming up. 396 00:20:58,880 --> 00:21:03,120 Speaker 1: Everything else I don't. I don't think I've had very 397 00:21:03,320 --> 00:21:05,400 Speaker 1: I'm trying to think of the last time I had 398 00:21:05,480 --> 00:21:09,480 Speaker 1: physical possessions of coins. I don't pay cash for anything. 399 00:21:10,000 --> 00:21:12,000 Speaker 1: I don't. I'm trying to think, what's the last time 400 00:21:12,080 --> 00:21:15,560 Speaker 1: you paid cash for something? Do you remember? I don't. 401 00:21:15,720 --> 00:21:23,080 Speaker 2: Uh yeah, I'm trying to think, actually, uh no, oh, church, 402 00:21:25,400 --> 00:21:28,320 Speaker 2: the donation in the I actually have a like a 403 00:21:28,359 --> 00:21:32,199 Speaker 2: little cash like box that every Sunday I just go 404 00:21:32,280 --> 00:21:34,680 Speaker 2: to for putting in the cash box at church. 405 00:21:35,080 --> 00:21:35,960 Speaker 1: I think you can do. 406 00:21:35,960 --> 00:21:40,119 Speaker 2: A check, like I see, I'm not casting dispersions here, Okay, 407 00:21:40,119 --> 00:21:44,040 Speaker 2: it's church. I see some of the older parishioners do checks, yes, 408 00:21:44,600 --> 00:21:46,439 Speaker 2: But to me, I'm like, I'd rather just give them 409 00:21:46,480 --> 00:21:48,760 Speaker 2: a you know, give them a bill. So that's the 410 00:21:48,840 --> 00:21:51,040 Speaker 2: only place that I just realized is I have cash 411 00:21:51,160 --> 00:21:54,280 Speaker 2: on hand for church and in case we get a 412 00:21:54,280 --> 00:21:56,119 Speaker 2: delivery and I have to get I also ow tips 413 00:21:56,119 --> 00:21:56,960 Speaker 2: for delivery guys. 414 00:21:57,240 --> 00:22:00,000 Speaker 1: That's what it is, tip tips for tips for tips. 415 00:22:00,000 --> 00:22:02,679 Speaker 1: This is the last time that I remember giving cash. 416 00:22:02,760 --> 00:22:04,719 Speaker 1: It used to be when the boys were younger and 417 00:22:04,760 --> 00:22:09,119 Speaker 1: we had regular babysitters. Babysitters only dealt in cash. That 418 00:22:09,240 --> 00:22:11,720 Speaker 1: was like, oh, I want to get my haircut business. 419 00:22:11,520 --> 00:22:15,159 Speaker 2: When I get my when my Cuban Americans put on 420 00:22:15,200 --> 00:22:17,760 Speaker 2: the Buena Visa Social Club, give me a tiny coffee 421 00:22:17,760 --> 00:22:19,680 Speaker 2: and give me fancy haircut. 422 00:22:19,920 --> 00:22:22,920 Speaker 1: I give those guys cash. I will also point this out. 423 00:22:23,440 --> 00:22:26,639 Speaker 1: My wife just takes money out of my wallet and 424 00:22:27,560 --> 00:22:30,879 Speaker 1: the kids do too sometimes because I'm the only person 425 00:22:30,880 --> 00:22:33,439 Speaker 1: in the house that actually has cash, so on the 426 00:22:33,560 --> 00:22:36,720 Speaker 1: rare event when we need cash. But having said that, 427 00:22:37,160 --> 00:22:40,560 Speaker 1: I don't remember the last time I got coined, like 428 00:22:40,680 --> 00:22:43,880 Speaker 1: I do not have physically in my possession right now. 429 00:22:43,960 --> 00:22:45,520 Speaker 1: I don't think I have any coins. 430 00:22:45,720 --> 00:22:47,879 Speaker 2: You're like a time warp man. You're sitting there with 431 00:22:47,960 --> 00:22:52,840 Speaker 2: your actual newspaper made of paper, with your dollar bills 432 00:22:53,040 --> 00:22:56,840 Speaker 2: and your kids coming over borrowing twenties from you. This 433 00:22:56,880 --> 00:22:59,600 Speaker 2: is like nineteen ninety eight over in the Travis household. 434 00:22:59,720 --> 00:23:02,720 Speaker 1: Well, why would you want to leave behind the greatest 435 00:23:02,800 --> 00:23:05,199 Speaker 1: year that has ever existed in the history of the world. 436 00:23:05,280 --> 00:23:07,240 Speaker 1: I'd like to go back to nineteen ninety eight. 437 00:23:07,720 --> 00:23:09,520 Speaker 2: The late nineties were a great time in America. 438 00:23:09,560 --> 00:23:12,240 Speaker 1: I will agree with that. I can't. I cannot tell 439 00:23:12,280 --> 00:23:16,440 Speaker 1: a lie. It's very important. Clay Travis with the Clay 440 00:23:16,440 --> 00:23:18,720 Speaker 1: and Buck Show, wishing you and your family a very 441 00:23:18,800 --> 00:23:24,520 Speaker 1: merry Christmas and a happy New Year. Sunday Sizzle with 442 00:23:24,640 --> 00:23:28,000 Speaker 1: Clay and Fuck clay ll. 443 00:23:28,160 --> 00:23:32,600 Speaker 7: I think this whole conversation about Clay not carrying cash 444 00:23:33,240 --> 00:23:38,480 Speaker 7: is his justification for not paying his sports bets to 445 00:23:38,600 --> 00:23:39,400 Speaker 7: Sean Hannity. 446 00:23:40,720 --> 00:23:44,720 Speaker 2: Clay Hannity money, I've lost that money. 447 00:23:45,000 --> 00:23:47,600 Speaker 1: I've lost every bet to Hannity, and he's been talking 448 00:23:47,600 --> 00:23:51,280 Speaker 1: about it lately. And I saw him in person on Thursday, 449 00:23:51,280 --> 00:23:53,000 Speaker 1: and I was just like, man, I didn't get a chance. 450 00:23:53,320 --> 00:23:54,840 Speaker 1: I haven't been to the ATM. 451 00:23:55,280 --> 00:23:58,879 Speaker 2: So you know, Sean wallattft left your wallet and your 452 00:23:58,920 --> 00:24:01,080 Speaker 2: other suit, Jack, is that where we are? 453 00:24:01,440 --> 00:24:03,560 Speaker 1: I had the TuS on, I had the tucks on 454 00:24:03,600 --> 00:24:05,920 Speaker 1: at the Patriot Wards. I'm not usually having the wallet 455 00:24:05,960 --> 00:24:09,080 Speaker 1: in the tuxpants and so it's just tough timing for me. 456 00:24:10,119 --> 00:24:13,280 Speaker 1: And uh yeah, that is uh that is very very funny. 457 00:24:13,920 --> 00:24:16,120 Speaker 1: A lot of great reactions, by the way, pouring in 458 00:24:17,000 --> 00:24:20,720 Speaker 1: on many different topics out there, including all of you 459 00:24:20,800 --> 00:24:24,440 Speaker 1: people who love change pocket change, all of you men 460 00:24:24,520 --> 00:24:27,320 Speaker 1: out there with ten pounds of pocket change and one 461 00:24:27,359 --> 00:24:29,359 Speaker 1: of your pockets pulling down your pants. That's why you 462 00:24:29,400 --> 00:24:32,159 Speaker 1: have to wear a belt buckle, because the change is 463 00:24:32,280 --> 00:24:37,400 Speaker 1: just overloading your your pants otherwise dragging you down. And 464 00:24:38,000 --> 00:24:41,879 Speaker 1: let's see, I want to catch up with all of these. 465 00:24:44,400 --> 00:24:47,679 Speaker 1: You know, I will say I was reading an article 466 00:24:48,640 --> 00:24:53,720 Speaker 1: the original silver buck in the in the coins I 467 00:24:53,800 --> 00:24:59,240 Speaker 1: believe stopped around nineteen sixty, and so an average quarter 468 00:24:59,560 --> 00:25:02,760 Speaker 1: and half dollar I think is now worth if it's 469 00:25:02,840 --> 00:25:06,240 Speaker 1: pre nineteen sixty, because we've seen precious metals prices go 470 00:25:06,359 --> 00:25:08,879 Speaker 1: up to such an extent. I think if you find 471 00:25:08,920 --> 00:25:13,080 Speaker 1: a half dollar or a quarter that is full silver, 472 00:25:13,560 --> 00:25:17,720 Speaker 1: they're now actually worth over three dollars each. And I 473 00:25:17,720 --> 00:25:19,520 Speaker 1: don't want you to look to me to be your 474 00:25:19,560 --> 00:25:22,400 Speaker 1: precious metals expert, so you can do your own research. 475 00:25:22,760 --> 00:25:25,959 Speaker 1: But they stopped making one hundred percent silver coins. I 476 00:25:25,960 --> 00:25:28,760 Speaker 1: believe it was sometime around nineteen sixty, and if you 477 00:25:28,840 --> 00:25:32,080 Speaker 1: find them from before, they're actually worth way more than 478 00:25:32,119 --> 00:25:34,800 Speaker 1: the face value of the coin. To try to win 479 00:25:34,920 --> 00:25:37,560 Speaker 1: back coin officionados out there. 480 00:25:37,720 --> 00:25:40,360 Speaker 2: Well, you know, in ancient Rome they did this. They 481 00:25:40,400 --> 00:25:46,119 Speaker 2: had initially in their coinage. Early Roman coins had silver. 482 00:25:46,119 --> 00:25:49,959 Speaker 2: They were silver, they were made of silver and almost entirely. 483 00:25:50,000 --> 00:25:53,720 Speaker 2: And then over time they started the debasement of their 484 00:25:53,720 --> 00:25:58,639 Speaker 2: own coinage by putting less and less silver in the coins. 485 00:25:58,960 --> 00:26:02,399 Speaker 1: Didn't That also can tribute to insane rates of lead 486 00:26:02,480 --> 00:26:05,199 Speaker 1: poisoning the way that they made the coins back in 487 00:26:05,240 --> 00:26:08,760 Speaker 1: the day. I think I'm correct about that in terms 488 00:26:08,760 --> 00:26:11,439 Speaker 1: of the impact of coinage, but yes, that is typically 489 00:26:11,520 --> 00:26:15,280 Speaker 1: what happens is you're debasing on a face value level 490 00:26:15,400 --> 00:26:19,880 Speaker 1: the substance under which your currency is based. Michigan Tim 491 00:26:20,760 --> 00:26:23,840 Speaker 1: He says he's got a coin operated laundromat. Imagine the 492 00:26:23,880 --> 00:26:26,439 Speaker 1: amount of coins he's collecting on a daily basis. Gigi, 493 00:26:26,800 --> 00:26:29,040 Speaker 1: I own a coin operated laundromat. 494 00:26:29,600 --> 00:26:31,280 Speaker 7: I sure hope they don't get. 495 00:26:31,200 --> 00:26:37,080 Speaker 1: Rid of quarters. Well, look, they're not going to get 496 00:26:37,160 --> 00:26:39,600 Speaker 1: rid of them. The question is, and this topic came 497 00:26:39,680 --> 00:26:43,240 Speaker 1: up because they are finishing the production of pennies, so 498 00:26:43,400 --> 00:26:46,560 Speaker 1: pennies will continue to circulate. There just won't be new 499 00:26:46,600 --> 00:26:54,120 Speaker 1: ones coming into the overall coin release. And the reality 500 00:26:54,160 --> 00:26:56,240 Speaker 1: is most people are still going to keep losing pennies 501 00:26:56,280 --> 00:26:59,080 Speaker 1: in their couch cushions and eventually they will all vanish. 502 00:26:59,119 --> 00:27:00,080 Speaker 1: But that's where they will th