WEBVTT - How the Panama Canal Works

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<v Speaker 1>Welcome to you Stuff you should know from House Stuff

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<v Speaker 1>Works dot com. Hey, and welcome to the podcast. I'm

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<v Speaker 1>Josh Clark. Uh with Me is always a Child's de

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<v Speaker 1>wt Chuck Bryant and that's stuff you should know the podcast.

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<v Speaker 1>The two of us together a couple of months, our voices.

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<v Speaker 1>You know what I've been seeing all day? Of course,

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<v Speaker 1>Panma over and over and I just whistled it and

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<v Speaker 1>Jerry's you know, I got that stuck in my head. Yeah,

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<v Speaker 1>when we were growing up, my sister was singing it

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<v Speaker 1>and I realized that she was singing turn and Run, Like,

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<v Speaker 1>what what she's like that song? That Van Halen song.

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<v Speaker 1>Don't be an idiot? She thought that's what they were saying. Yeah,

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<v Speaker 1>that's so interesting because there's so many misinterpreted song lyrics

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<v Speaker 1>famously over the years, but I never have heard Panama

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<v Speaker 1>as being one of them. Yeah, especially since the song

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<v Speaker 1>is named Panama. Yeah parentheses, turn and run? Right, Maybe

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<v Speaker 1>they were talking about the people who were working on

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<v Speaker 1>the early French effort to build a canal in Panama. Yeah, boy,

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<v Speaker 1>that didn't go over so well. We'll get to that, Okay, spoiler,

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<v Speaker 1>The French didn't build the Panama Canal. I thought we

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<v Speaker 1>were gonna get to it right now. All right, do

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<v Speaker 1>you want to talk about Da Gama Balboa? Which one?

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<v Speaker 1>Which one was? George Costanza's favorite explorer was a da

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<v Speaker 1>Gama or Balboa? Oh man, it was one of the two.

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<v Speaker 1>Da Gama was Yeah, I think so okay, um that

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<v Speaker 1>was a funny conversation though, Um so, yeah. Balboa back

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<v Speaker 1>in the day was was wandering around in a region

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<v Speaker 1>called Darien, and he summoned to the peak there and

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<v Speaker 1>was like, holy cow, if I look this away, I

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<v Speaker 1>see the Pacific Ocean, and if I look at that away,

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<v Speaker 1>I see the Atlantic Ocean or the Caribbean. And the

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<v Speaker 1>only thing between these two big bodies of water it's

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<v Speaker 1>this little isthmus of land. Yeah. I'm gonna have a

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<v Speaker 1>lot of trouble with that word. That's okay, just say

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<v Speaker 1>strip okay. So the strip of land here is the

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<v Speaker 1>only thing in between. And we should figure out a

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<v Speaker 1>way to use this as a as a thoroughfare. Yeah, yeah,

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<v Speaker 1>because this is it connects the world. It does exactly.

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<v Speaker 1>At the time, the Spanish we're trying to trade with

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<v Speaker 1>the Chinese, and we're doing a pretty good job of

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<v Speaker 1>it in the Philippines, and the best way to get

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<v Speaker 1>to that was to come across the Atlantic and go

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<v Speaker 1>into the Pacific. It worked very, very well, and the

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<v Speaker 1>idea of just having a place where you could go

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<v Speaker 1>straight through rather than go all the way down South

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<v Speaker 1>America and then back up it was just mind boggling.

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<v Speaker 1>It's like you said, it opened up the world. This

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<v Speaker 1>guy got it immediately. The problem was it would take

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<v Speaker 1>about four dred more years before anyone finally got around

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<v Speaker 1>to completing it successfully. Well, yeah, and forget the rest

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<v Speaker 1>of the world that you know, added states, Just like, Hey,

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<v Speaker 1>I want to ship this by boat from New York

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<v Speaker 1>to San Francisco. How can I do that? I can

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<v Speaker 1>just like kind of sneak around Florida, right Nope, blocked? Right, Well,

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<v Speaker 1>then what do I gotta do? You gotta go eight

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<v Speaker 1>thousand miles nautical miles around South America to get to California,

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<v Speaker 1>right or? Um, you know, when you me and I

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<v Speaker 1>were in Nicaragua, we were in a town in the

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<v Speaker 1>nineteenth century was away station for minor forty niners going

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<v Speaker 1>on to California, and um, they would sail on to Nicaragua,

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<v Speaker 1>take a train and then ship out from Nicaragua up

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<v Speaker 1>to California, except the handful that was like I think

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<v Speaker 1>I might just kick it here exactly. Yeah, I bet

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<v Speaker 1>you there were some d oh, definitely, I'm sure. Um,

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<v Speaker 1>but yeah, there was. There was a continent in the way,

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<v Speaker 1>in the idea that it was just this little narrow

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<v Speaker 1>strip of land that that made a lot of people

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<v Speaker 1>say this is the place to be. In the sixteenth

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<v Speaker 1>you know, the eighteenth century, the Scottish showed up. They

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<v Speaker 1>tried to establish an outpost, failed spectacular literally, Yeah, that's

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<v Speaker 1>there's a great um section in about it. Yeah. Um,

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<v Speaker 1>the Spanish were there, the French were there. Uh, they

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<v Speaker 1>established pretty good outposts there. It was very clear that

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<v Speaker 1>this little area which was then part of Colombia is

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<v Speaker 1>now present day Panama, was going to be a hop

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<v Speaker 1>in spot because there was no thinner portion of the

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<v Speaker 1>North or South American continents than this one, and everyone

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<v Speaker 1>needed to figure out a way to get through. Yeah.

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<v Speaker 1>And it wasn't as easy as like, hey, let's just

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<v Speaker 1>dredge all this sand and let the waters meet, because

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<v Speaker 1>that's not too hard. It's like dense jungle and mountains

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<v Speaker 1>and the continental divide. Yeah. So it's it's My first

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<v Speaker 1>thought was like, how hard could it have been? I

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<v Speaker 1>didn't realize how treacherous that area was. Yeah, and I

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<v Speaker 1>think that um that Balboa and a lot of people

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<v Speaker 1>who succeeded him, I thought the same thing, like how

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<v Speaker 1>hard is it? But it is like, that's that continental divide.

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<v Speaker 1>That's a tough thing to break through. That's why they

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<v Speaker 1>call it a divide. Yeah, well that's where two tech

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<v Speaker 1>time plates come gather and form a mountain range. And like,

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<v Speaker 1>that's you're cutting through not one but two tech time plates.

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<v Speaker 1>Everybody wrap your head around that. Seriously. Let's talk about it,

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<v Speaker 1>because obviously we were successful eventually. But the first attempt

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<v Speaker 1>was not in the first attempt, it was by the French,

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<v Speaker 1>who in the eighteen twenties, I believe, started to undertake

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<v Speaker 1>a what is known as a sea level canal, which

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<v Speaker 1>is basically they were going to cut their way straight

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<v Speaker 1>through the isthmus of Panama. That's right, and canals were

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<v Speaker 1>all the rage at the time because of steam technology,

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<v Speaker 1>So all of a sudden, you didn't have to use

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<v Speaker 1>the very cool and quaint towpath and have a mule

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<v Speaker 1>walk alongside of a river or canal. Well, yeah, a

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<v Speaker 1>lot of them now are like jogging trails and stuff,

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<v Speaker 1>you know, which you know, that's great, makes for good thing.

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<v Speaker 1>I don't see any mules on them these days, but

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<v Speaker 1>it's great that people can use these to pass now too,

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<v Speaker 1>you know, it's like a nature trail. Um. Yes, So

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<v Speaker 1>the steam technology gave the French the idea that hey man,

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<v Speaker 1>we can we can build a sea level canal here

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<v Speaker 1>because we can just dig right through it. We have steam.

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<v Speaker 1>We don't need the mules for the towpaths any longer.

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<v Speaker 1>All we need is some good steam shovels. We're gonna

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<v Speaker 1>cut right through this continental divide, right through this jungle.

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<v Speaker 1>And as a result of this ambition, twenty thou people died. Yeah.

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<v Speaker 1>And um, they were able to you know, get a little,

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<v Speaker 1>a little far thanks to the railroad there in Panama.

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<v Speaker 1>Believe it or not, it was the first railroad in

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<v Speaker 1>the world to connect both sides of a continent. Right.

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<v Speaker 1>Wasn't very big, but it didn't need to be. It's

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<v Speaker 1>just kind of great. But that allowed the French to

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<v Speaker 1>get in there. They we're deciding between Nicaragua and Panama

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<v Speaker 1>at the time. Um, and they said like you said,

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<v Speaker 1>we can do sea level we don't need these locks. Yeah,

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<v Speaker 1>if you look at a map of Nicaragua and look

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<v Speaker 1>at Panama, like the idea of going through Nicaragua over

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<v Speaker 1>Panama's just nuts. Yeah, and we'll look plain how the

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<v Speaker 1>locks work. But it essentially just raises and lowers your ship,

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<v Speaker 1>right for sure, in a little like bay station of

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<v Speaker 1>water that's flooded and then drained. Right. Actually, that's how

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<v Speaker 1>lock works. So the French organized this thing called the

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<v Speaker 1>Company Universal d Canal Enter thank you and uh, led

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<v Speaker 1>by a guy named Ferdinand Lesseps who had created a

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<v Speaker 1>sea level canal through the Suez connected the Mediterranean and

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<v Speaker 1>the Red Seas. It was a big deal. So they

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<v Speaker 1>brought him in and he's like, sure, we'll do another

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<v Speaker 1>sea level canal. I'm feeling good about this. He's like,

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<v Speaker 1>I did the c S Canal with my eyes closed,

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<v Speaker 1>Like I can do this with one arm tie behind

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<v Speaker 1>my back. Well, he didn't realize is that digging through

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<v Speaker 1>a bunch of sand is not like digging through two

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<v Speaker 1>tectonic plates and a bunch of jungle and malaria. Uh.

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<v Speaker 1>And like I said, twenty thousand people died as a

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<v Speaker 1>result of this like this guy was like, no, we

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<v Speaker 1>can do it. We can do it. We're gonna do

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<v Speaker 1>a sea level canal. We can do it. And then

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<v Speaker 1>finally it was like, I don't think we can do this.

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<v Speaker 1>It was too late. A lot a lot, a lot

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<v Speaker 1>of people were dead from yellow fever, in malaria, from accidents. Um,

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<v Speaker 1>it's privately financed, so a lot of people lost a

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<v Speaker 1>lot of money too exactly, and this company goes under.

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<v Speaker 1>Well he tried to salvage it though. First he tried

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<v Speaker 1>to hire Gustav Eiffel of the Eiffel Tower fame right,

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<v Speaker 1>and said, hey, I think we need those locks after all, um,

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<v Speaker 1>and you're good at building big steel things, so can

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<v Speaker 1>you help. Then he was like, of course I can.

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<v Speaker 1>And then it was too late though that the business

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<v Speaker 1>was done and they had done a little bit well,

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<v Speaker 1>they had done a lot, Like they made eleven miles

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<v Speaker 1>of canal up to that point. Not bad. It's about

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<v Speaker 1>a quarter of the way there, right, But this was

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<v Speaker 1>the when did they start chuck the eighteen so chuck

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<v Speaker 1>as we understand that they started in the eighteen twenties

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<v Speaker 1>and this thing went bust by nineteen o two. I

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<v Speaker 1>believe well, that's when Congress. I mean, they were busts

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<v Speaker 1>before that, but that's when the US stepped in and said, hey,

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<v Speaker 1>we'll by your junk. Oh I'm sorry. So in like sixties,

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<v Speaker 1>about sixty years they they had managed to dig eleven

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<v Speaker 1>miles of canal, build a bunch of buildings, They had

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<v Speaker 1>a lot of equipment and supplies there, um, and yeah,

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<v Speaker 1>the US said, we smell a really, really great opportunity.

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<v Speaker 1>And Congress said, let's spend some cash. We're feeling good

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<v Speaker 1>about things these days, where we annexed Hawaii recently, Puerto Rico, Philippines.

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<v Speaker 1>What else, How why not take over this very AMBUSHSS project.

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<v Speaker 1>Why it's the American century by now, and we can

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<v Speaker 1>stick it to the French at the same time exactly.

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<v Speaker 1>So they did this in nineteen o two, um, with

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<v Speaker 1>the one stipulation that said, you know what, you guys

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<v Speaker 1>have to Columbia controls Panama right now, and you guys

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<v Speaker 1>have to work out a deal with them. And we

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<v Speaker 1>tried and that failed. So he said, you know what,

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<v Speaker 1>I'm just gonna overthrow Columbia then and give the control

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<v Speaker 1>to the Panamanians. Yeah, they we supported this Panamanian independ

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<v Speaker 1>its movement and yeah, throw off the shackles of Colombia.

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<v Speaker 1>And Colombia's like, what did you just do? Because we

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<v Speaker 1>gained control of that. We we followed that congressional mandate

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<v Speaker 1>and gained control of this Panama canal zone. Basically, the

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<v Speaker 1>swath uh that went through Panama was considered American soil

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<v Speaker 1>thanks to a treaty UM from my believe nineteen o two,

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<v Speaker 1>the hey Bunal Varia Treaty UM, where Panama signed over

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<v Speaker 1>the canal zone. There was no Spanish translation of this treaty,

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<v Speaker 1>so basically the U S went in over through Colombian

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<v Speaker 1>control of Panama, supported Panamanian independence and then rob Panama

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<v Speaker 1>of its canal in one fell sw in like a year,

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<v Speaker 1>and Columbia is like, well, just I guess we'll just

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<v Speaker 1>start exporting cocaine and mass exactly. We'll get you back

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<v Speaker 1>one day. So um. In the end, they paid about

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<v Speaker 1>forty million bucks in nineteen o four for the assets

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<v Speaker 1>of this French company, just a lot of money back then,

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<v Speaker 1>and about ten million dollars UM as this very cheeky article.

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<v Speaker 1>By the way, did you notice UM they offered they

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<v Speaker 1>she referred to it as UM alimony of sorts to

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<v Speaker 1>Panama ten million bucks to get gain the rights to

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<v Speaker 1>this canal zone. And basically, hey, we're gonna run the show.

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<v Speaker 1>We're gonna finish your canal from the eleven mile mark

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<v Speaker 1>to the you know, to the ocean where it belongs.

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<v Speaker 1>And like you said, I think there was a certain

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<v Speaker 1>amount of snub to it, right, probably so um, But

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<v Speaker 1>they said, you know what we gotta do first though,

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<v Speaker 1>is we have to decide on if we can go

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<v Speaker 1>sea level? Um, Like, was it just the French were

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<v Speaker 1>incompetent or is it really impossible to do sea level? Yeah,

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<v Speaker 1>like we need to do our own due diligence basically,

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<v Speaker 1>And they did that, and Theodore Roosevelt chose chief engineer

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<v Speaker 1>John Frank Stevens, and he was like, it's all about

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<v Speaker 1>the locks, dudes. If you want to canal here, you're

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<v Speaker 1>gonna have to go over these mountains, not through them. Right.

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<v Speaker 1>So here's the thing. And this is just brilliant because

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<v Speaker 1>there was another problem with this isthmus And there's this

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<v Speaker 1>thing called the Chagres River and it is very temperamental,

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<v Speaker 1>was prone to flooding. All sorts of crazy stuff associated

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<v Speaker 1>with this river. So not only did you have the

0:12:17.640 --> 0:12:20.000
<v Speaker 1>continental divide in the jungle and the malaria to deal with.

0:12:20.400 --> 0:12:22.240
<v Speaker 1>Once you completed it, what were you going to do

0:12:22.280 --> 0:12:25.160
<v Speaker 1>with this river? Stevens came up with this great idea

0:12:25.440 --> 0:12:28.120
<v Speaker 1>that you go over the mountains, and you go over

0:12:28.120 --> 0:12:30.280
<v Speaker 1>the mountains. You killed two birds with one stone by

0:12:30.360 --> 0:12:33.120
<v Speaker 1>damming the river, and you create a lake that will

0:12:33.200 --> 0:12:37.280
<v Speaker 1>carry you over the mountains. Like, yeah, I'm sure that's

0:12:37.280 --> 0:12:39.480
<v Speaker 1>not pronounce correct. Think about that. That is one of

0:12:39.520 --> 0:12:42.760
<v Speaker 1>the most brilliant feats of engineering I've ever heard of,

0:12:42.920 --> 0:12:46.840
<v Speaker 1>the Panama Canal. Yeah, but that specific aspect of it,

0:12:47.960 --> 0:12:49.720
<v Speaker 1>the river to create a lake so you can go

0:12:49.800 --> 0:12:53.719
<v Speaker 1>over the mountains. That's just incredibly beautiful the whole thing too.

0:12:53.760 --> 0:12:55.640
<v Speaker 1>And at the time, dude in the early nineteen hundreds

0:12:55.760 --> 0:12:58.080
<v Speaker 1>is just like, it's amazing that they could put us off. Yeah,

0:12:58.080 --> 0:13:00.679
<v Speaker 1>because they're all wearing like knickers and stuf. Yeah, it's

0:13:00.760 --> 0:13:03.080
<v Speaker 1>very There's some awesome documentaries out there, by the way,

0:13:03.200 --> 0:13:06.520
<v Speaker 1>you should watch. In fact, there's one. There's one cool.

0:13:06.720 --> 0:13:10.000
<v Speaker 1>Just go to the YouTube's and uh put in time

0:13:10.080 --> 0:13:13.960
<v Speaker 1>lapse Panama Canal and it takes you the full route

0:13:13.960 --> 0:13:16.280
<v Speaker 1>in like a minute and a half. Nice, he said,

0:13:16.320 --> 0:13:17.880
<v Speaker 1>eight to ten hours, and it's kind of neat. You know.

0:13:17.920 --> 0:13:20.760
<v Speaker 1>The boat goes in and sinks, and then not sinks

0:13:20.800 --> 0:13:24.280
<v Speaker 1>but lowers and then raises, and then it tools along

0:13:24.320 --> 0:13:26.280
<v Speaker 1>in the lake for a little while and then sinks

0:13:26.280 --> 0:13:28.640
<v Speaker 1>and lowers and raises and yeah, because it's like an

0:13:28.640 --> 0:13:33.360
<v Speaker 1>eight to ten hour transit right from from deep water

0:13:33.440 --> 0:13:35.719
<v Speaker 1>to deep water eight to ten hours. Yeah, depending on

0:13:35.760 --> 0:13:37.719
<v Speaker 1>your boat. I guess once you finally get clearance to

0:13:37.760 --> 0:13:41.040
<v Speaker 1>go through, that's right. So he's damned up the river

0:13:41.320 --> 0:13:45.959
<v Speaker 1>created cat tuned lake. UM ships going towards the Pacific

0:13:46.120 --> 0:13:49.200
<v Speaker 1>kind of enter it uh Lehman Bay in the Caribbean,

0:13:49.840 --> 0:13:53.120
<v Speaker 1>go through a couple of locks upward and just it's

0:13:53.160 --> 0:13:55.959
<v Speaker 1>like walking up steps basically, except it's a big boat

0:13:56.000 --> 0:13:58.640
<v Speaker 1>and it's done with water. And then they navigate through

0:13:58.679 --> 0:14:00.400
<v Speaker 1>that lake for a little while and then and go

0:14:00.480 --> 0:14:04.600
<v Speaker 1>towards Panama City through another series of locks and down, down,

0:14:04.640 --> 0:14:09.200
<v Speaker 1>down over the mountains and boom, you are connected to

0:14:09.200 --> 0:14:11.680
<v Speaker 1>the rest of the world. Right. So when they when

0:14:11.679 --> 0:14:16.280
<v Speaker 1>they um agreed on the lock method, they had one

0:14:16.320 --> 0:14:18.640
<v Speaker 1>other thing to handle. And that's why the Scott is

0:14:19.080 --> 0:14:22.680
<v Speaker 1>maybe they were getting confused with locks meaning lakes. Right,

0:14:24.680 --> 0:14:26.720
<v Speaker 1>They're like, where all the locks. They're like, they're right there.

0:14:26.760 --> 0:14:31.200
<v Speaker 1>They're like, no, but where the locks. So there was

0:14:31.240 --> 0:14:35.080
<v Speaker 1>one other big problem that had leveled the French effort,

0:14:35.280 --> 0:14:39.680
<v Speaker 1>which was um yellow fever, which you can be immune

0:14:39.720 --> 0:14:42.960
<v Speaker 1>to if you're exposed to it in childhood, but if

0:14:43.000 --> 0:14:46.400
<v Speaker 1>you're from New York you're not. So you go down

0:14:46.440 --> 0:14:48.840
<v Speaker 1>to Panama and you are stung by a mosquito and

0:14:48.880 --> 0:14:51.840
<v Speaker 1>you die. Um. The thing is, nobody knew that it

0:14:51.880 --> 0:14:55.960
<v Speaker 1>was mosquitoes until a guy named Ronald bross Uh in

0:14:56.920 --> 0:15:01.360
<v Speaker 1>seven studied mosquitoes in India and found malaria present in

0:15:01.400 --> 0:15:05.240
<v Speaker 1>their stomachs and that it was transmittable through their saliva. Yeah,

0:15:05.240 --> 0:15:06.760
<v Speaker 1>they didn't know what it was. They were all sorts

0:15:06.800 --> 0:15:09.960
<v Speaker 1>of different theories. Yeah, they thought it was maybe from

0:15:10.120 --> 0:15:15.080
<v Speaker 1>like unclean living whatever. When they found out that it

0:15:15.120 --> 0:15:18.840
<v Speaker 1>was the mosquitoes, they that changed everything. So they institute

0:15:18.840 --> 0:15:24.760
<v Speaker 1>this really rigid um anti mosquito uh program. They cleaned

0:15:24.840 --> 0:15:28.040
<v Speaker 1>up the country basically and basically eradicated came close to

0:15:28.040 --> 0:15:31.040
<v Speaker 1>eradicating yellow fever in the area, which paid the way

0:15:31.120 --> 0:15:33.640
<v Speaker 1>for this lock system to be built. Yeah, and you

0:15:33.640 --> 0:15:37.360
<v Speaker 1>can thank Colonel William Gorgas for heading up that sanitation squad,

0:15:38.120 --> 0:15:40.800
<v Speaker 1>and um, yeah, I mean it worked, and that was

0:15:40.840 --> 0:15:43.200
<v Speaker 1>the key, because you can't have your workers dropping dead

0:15:43.240 --> 0:15:45.840
<v Speaker 1>of yellow fever every day. You have to they have

0:15:45.920 --> 0:15:48.960
<v Speaker 1>to drop dead of landslides. Yeah, even though a lot

0:15:49.040 --> 0:15:52.040
<v Speaker 1>of these workers were you know, poor black people. I

0:15:52.080 --> 0:15:54.480
<v Speaker 1>think eighty five percent of the people that died were black,

0:15:56.120 --> 0:15:58.400
<v Speaker 1>and a lot of people still died, but it wasn't

0:15:58.440 --> 0:16:02.880
<v Speaker 1>like the dropping dead from yellow fever, you know, but

0:16:02.880 --> 0:16:06.040
<v Speaker 1>it's still a very dangerous project. Slides, all sorts of

0:16:06.160 --> 0:16:09.440
<v Speaker 1>drownings and things like that. Um. So we've got the

0:16:09.440 --> 0:16:12.520
<v Speaker 1>the we've got the yellow fever licked. We've settled on

0:16:12.560 --> 0:16:17.120
<v Speaker 1>the lock system, and um John Frank Stevens is replaced

0:16:17.120 --> 0:16:20.840
<v Speaker 1>by a guy named Lieutenant Colonel George Washington Gothals and

0:16:20.960 --> 0:16:23.800
<v Speaker 1>he was a lock expert, and he looked at the

0:16:23.800 --> 0:16:25.480
<v Speaker 1>plan and he said, you know what, We're gonna divide

0:16:25.480 --> 0:16:29.360
<v Speaker 1>this up into three sections. That makes perfect sense. It does.

0:16:29.400 --> 0:16:31.360
<v Speaker 1>You've got the Pacific section that's going to be working

0:16:31.400 --> 0:16:35.200
<v Speaker 1>from Limon Bay, which by the way, means lime in Spanish.

0:16:35.280 --> 0:16:39.280
<v Speaker 1>Did you know that I did not. Uh, So they're

0:16:39.320 --> 0:16:43.200
<v Speaker 1>working from Limon Bay to the newly created Lake Gatun.

0:16:43.480 --> 0:16:46.160
<v Speaker 1>That was the Atlantic Division. Yeah, okay, you're right. So

0:16:46.240 --> 0:16:50.560
<v Speaker 1>the Atlantic Division is synonymous with the Caribbean UM. And

0:16:50.600 --> 0:16:53.680
<v Speaker 1>then so you've got the Atlantic Division working from Ghatun

0:16:53.840 --> 0:16:57.480
<v Speaker 1>to um or Lemon to get tune. You have the

0:16:57.560 --> 0:17:00.600
<v Speaker 1>Central Division. This is the hardest part. They're working in

0:17:00.680 --> 0:17:04.840
<v Speaker 1>Lake glad Tune to basically create a channel through this

0:17:04.880 --> 0:17:07.720
<v Speaker 1>Continental divide. Yeah, you don't have to cut sea level,

0:17:07.800 --> 0:17:09.360
<v Speaker 1>but you you don't need to make sure these ships

0:17:09.400 --> 0:17:13.000
<v Speaker 1>aren't gonna like run aground in the mountain. Um. And

0:17:13.040 --> 0:17:15.680
<v Speaker 1>then you have the Pacific Division, which is working from

0:17:16.240 --> 0:17:19.240
<v Speaker 1>uh the end of the Continental divide pass which is

0:17:19.280 --> 0:17:24.680
<v Speaker 1>Pedro Miguel locks down to the Pacific, right, that's right.

0:17:25.160 --> 0:17:29.080
<v Speaker 1>And like we said, the railway, the Panamanium Railroad is there,

0:17:29.960 --> 0:17:33.800
<v Speaker 1>and um, we had like awesome gear at the time.

0:17:33.840 --> 0:17:36.879
<v Speaker 1>It was no longer you know, men with chisels and

0:17:37.119 --> 0:17:40.760
<v Speaker 1>sledgehammers and stuff. It was steam shovels, rock drills, dynamite

0:17:41.480 --> 0:17:46.119
<v Speaker 1>and uh they moved ninety six million cubic yards of

0:17:46.200 --> 0:17:49.320
<v Speaker 1>earth and rock, right, which is seventy three million cubic meters,

0:17:50.280 --> 0:17:53.000
<v Speaker 1>that's right. And uh, it was really hot though, and

0:17:53.040 --> 0:17:55.679
<v Speaker 1>it was a pretty bad scene and they called that

0:17:55.760 --> 0:17:58.159
<v Speaker 1>Hell's Gorge and it was dangerous and that's where I

0:17:58.160 --> 0:18:00.800
<v Speaker 1>think most of the lives were lost on this second pass. Yeah,

0:18:00.800 --> 0:18:03.280
<v Speaker 1>and that was definitely the hardest work. But they made

0:18:03.280 --> 0:18:09.160
<v Speaker 1>it through, um and by a crane that was used

0:18:09.160 --> 0:18:12.480
<v Speaker 1>in the construction of the Panama Canal. Was the first

0:18:12.600 --> 0:18:15.439
<v Speaker 1>thing to ever make it through all the way. And

0:18:15.440 --> 0:18:18.520
<v Speaker 1>they were like sweet, Yeah, And eight months later it

0:18:18.560 --> 0:18:21.960
<v Speaker 1>was open for business as far as I understand, Yeah,

0:18:22.240 --> 0:18:25.800
<v Speaker 1>big business. Um, should we should we walk people through

0:18:25.920 --> 0:18:30.200
<v Speaker 1>or I guess swim people through? Yeah, I think we should. Okay, Uh,

0:18:30.240 --> 0:18:33.480
<v Speaker 1>you approach from the Atlantic, you go through the Gattoon locks.

0:18:33.840 --> 0:18:37.439
<v Speaker 1>It's gonna lift your vessel up eighty five ft, pretty awesome,

0:18:38.240 --> 0:18:41.240
<v Speaker 1>and take you two Gatun Lake, very nice there. You're

0:18:41.240 --> 0:18:43.720
<v Speaker 1>gonna wind through that channel for about twenty three miles,

0:18:43.720 --> 0:18:49.200
<v Speaker 1>then enter the Gallard Cut about eight miles through there,

0:18:49.600 --> 0:18:51.600
<v Speaker 1>and you're gonna reach the Pedro Miguel locks and then

0:18:51.640 --> 0:18:54.760
<v Speaker 1>they're gonna lower your ship about thirty ft to the

0:18:54.800 --> 0:18:57.120
<v Speaker 1>mirror Flors Lake. You're gonna pass through this it's about

0:18:57.160 --> 0:19:00.399
<v Speaker 1>a mile long, and then the two steps mirror floors locks.

0:19:00.680 --> 0:19:03.440
<v Speaker 1>We're gonna return you finally back to sea level to

0:19:03.560 --> 0:19:06.960
<v Speaker 1>seven mile passage from there to the Pacific, and all told,

0:19:07.000 --> 0:19:09.439
<v Speaker 1>you've gone fifty miles in about eight to ten hours.

0:19:10.400 --> 0:19:14.000
<v Speaker 1>And um, mind bogglingly, I saw that it takes fifty

0:19:14.119 --> 0:19:18.399
<v Speaker 1>two million gallons of fresh water to move a ship

0:19:18.520 --> 0:19:22.960
<v Speaker 1>from one end to the other two and they're getting

0:19:23.000 --> 0:19:25.200
<v Speaker 1>all that from Lake Gatun. Yeah, and it's just I

0:19:25.200 --> 0:19:28.399
<v Speaker 1>imagine it's just recycled back into the system. Right, what

0:19:28.520 --> 0:19:30.639
<v Speaker 1>is it? What happens to it? They lose it, most

0:19:30.680 --> 0:19:34.160
<v Speaker 1>of it. It's either pumped back in. It either goes

0:19:34.280 --> 0:19:38.280
<v Speaker 1>flows back into Lake Gatun or else it flows out

0:19:38.280 --> 0:19:42.040
<v Speaker 1>into the oceans, which is not necessarily good. They're worried

0:19:42.080 --> 0:19:45.119
<v Speaker 1>that La gat Tune may become brackish and like a

0:19:45.280 --> 0:19:49.680
<v Speaker 1>tune is now the freshwater supply of Panama and it

0:19:50.800 --> 0:19:52.640
<v Speaker 1>they're using a lot of it up. Yeah. Well, it's

0:19:52.640 --> 0:19:56.639
<v Speaker 1>always presented a bit of an environmental quagmire, especially with

0:19:56.640 --> 0:19:59.199
<v Speaker 1>their plans to expand, which we'll get to. But right

0:19:59.280 --> 0:20:01.960
<v Speaker 1>now they have two weight traffic UM. They're looking to

0:20:02.000 --> 0:20:06.200
<v Speaker 1>make that a three lane highway, which would actually adding

0:20:06.240 --> 0:20:10.560
<v Speaker 1>that third lane UM will double the amount of traffic, Yeah,

0:20:10.840 --> 0:20:12.879
<v Speaker 1>which is crazy. You would think it would increase it

0:20:12.920 --> 0:20:16.120
<v Speaker 1>by a third. Yeah, I don't know. Maybe it's wider.

0:20:16.720 --> 0:20:18.720
<v Speaker 1>Oh maybe allows for two ships at a time. They

0:20:18.840 --> 0:20:20.960
<v Speaker 1>just jam like eight in there once. I don't know.

0:20:21.200 --> 0:20:23.240
<v Speaker 1>I do know that if you are a large enough ship,

0:20:23.520 --> 0:20:26.560
<v Speaker 1>they don't let you drive yourself because you know you've

0:20:26.560 --> 0:20:28.639
<v Speaker 1>got one drunk sea captain and all of a sudden

0:20:28.680 --> 0:20:32.040
<v Speaker 1>your locks are out of commissioned, so they use electric

0:20:32.040 --> 0:20:35.320
<v Speaker 1>towing locomotives to tow those big bad boys. Right, And

0:20:35.359 --> 0:20:37.719
<v Speaker 1>we should say, just briefly, with the locks, if you

0:20:37.760 --> 0:20:41.280
<v Speaker 1>want to move a ship upward, you flow into a lock.

0:20:41.440 --> 0:20:44.119
<v Speaker 1>The lock closes behind you and it fills up with

0:20:44.160 --> 0:20:46.560
<v Speaker 1>water so that you can float over the lip of

0:20:46.600 --> 0:20:50.239
<v Speaker 1>the next higher lock that the gate closes behind you

0:20:50.320 --> 0:20:52.800
<v Speaker 1>with that one, and it fills in with water, and

0:20:52.840 --> 0:20:56.040
<v Speaker 1>so on and so forth. Yeah, it's remarkably basic. Yeah.

0:20:56.080 --> 0:20:58.720
<v Speaker 1>And then the opposite takes place when you're stepping down. Yeah,

0:20:58.840 --> 0:21:02.560
<v Speaker 1>it's just basically going into a little square pool, raising

0:21:02.640 --> 0:21:04.399
<v Speaker 1>or lowering the water level so you can go up

0:21:04.480 --> 0:21:06.479
<v Speaker 1>or down. It's really neat. Yeah, And if you've got

0:21:06.480 --> 0:21:07.920
<v Speaker 1>a minute and a half to kill you can take

0:21:08.000 --> 0:21:12.400
<v Speaker 1>this voyage in high speed on the YouTube. So uh, like,

0:21:12.440 --> 0:21:16.879
<v Speaker 1>we said, the US used gunboat diplomacy to and I

0:21:16.920 --> 0:21:20.960
<v Speaker 1>guess good old fashioned, old timey nineteen o two swindling

0:21:21.600 --> 0:21:24.399
<v Speaker 1>to gain control of the Panama Canal zone. And it

0:21:24.880 --> 0:21:30.280
<v Speaker 1>had complete control until nineteen nine when Jimmy Carter um

0:21:31.680 --> 0:21:37.280
<v Speaker 1>malaise forever, right, Jerise that Simpsons, they unveil a statue

0:21:37.280 --> 0:21:39.960
<v Speaker 1>of Jimmy Carter and it says Malaise Forever on the

0:21:39.960 --> 0:21:45.280
<v Speaker 1>base and one of the townspeople go, he's history's greatest monster. Anyway,

0:21:45.680 --> 0:21:49.680
<v Speaker 1>Carter negotiated with the leader of Panama at the time,

0:21:50.080 --> 0:21:54.280
<v Speaker 1>UH General Omar Terrios Herrera, and said, hey, how would

0:21:54.280 --> 0:21:57.040
<v Speaker 1>you like this thing back? Give us you think they said, hey,

0:21:57.040 --> 0:22:00.520
<v Speaker 1>we'd like this back. I like to think of um

0:22:00.560 --> 0:22:04.840
<v Speaker 1>American magnanimous. Not sure, So we said, you know what,

0:22:04.960 --> 0:22:07.359
<v Speaker 1>we've had it for this long plus plus we're talking Carter,

0:22:07.440 --> 0:22:10.160
<v Speaker 1>it's entirely possible. He just started contacting people and said,

0:22:10.160 --> 0:22:12.920
<v Speaker 1>what's the US have that we can sell or give back.

0:22:12.960 --> 0:22:17.600
<v Speaker 1>It's a good point. Um. So yeah, he he sold

0:22:17.640 --> 0:22:20.439
<v Speaker 1>like one of the like the presidential yacht was sold

0:22:20.640 --> 0:22:24.760
<v Speaker 1>by him. Why because he thought it was frivolous UM

0:22:24.800 --> 0:22:27.600
<v Speaker 1>and Panama Canal. He's like, how about this, let's get

0:22:27.680 --> 0:22:30.440
<v Speaker 1>rid of a significant portion over our economy. Anyway, he

0:22:30.480 --> 0:22:33.680
<v Speaker 1>gives it back after twenty years and on December thirty first,

0:22:34.840 --> 0:22:37.480
<v Speaker 1>which is why I suspect they made it a twenty

0:22:37.560 --> 0:22:39.600
<v Speaker 1>year deal. Yeah, I mean they had to transition. You

0:22:39.640 --> 0:22:41.560
<v Speaker 1>can't just hand the keys over and be like, all right,

0:22:41.720 --> 0:22:44.560
<v Speaker 1>send your crew in. Right, but not only that, Like

0:22:44.640 --> 0:22:46.560
<v Speaker 1>why not a fifteen year deal or an eighteen year

0:22:46.600 --> 0:22:48.639
<v Speaker 1>deal or ten year deal. They went with twenty because

0:22:48.800 --> 0:22:52.760
<v Speaker 1>it was gonna end on December thirty first millennium. Actually

0:22:52.800 --> 0:22:56.200
<v Speaker 1>that didn't start til don't one though, right, Yeah, but

0:22:56.400 --> 0:23:01.720
<v Speaker 1>you know, okay, it's symbolic, right, Okay, So the Panamanians

0:23:01.760 --> 0:23:07.040
<v Speaker 1>take over, and UM immediately start taking flak because the

0:23:07.040 --> 0:23:11.040
<v Speaker 1>things aging traffics jammed up. They've done a good job

0:23:11.080 --> 0:23:13.240
<v Speaker 1>with it, though, it's it's just by nature of how

0:23:13.240 --> 0:23:16.920
<v Speaker 1>things are. These they're victims of circumstances. UM and five

0:23:16.960 --> 0:23:19.600
<v Speaker 1>percent of the world's trade goes through the Panama Canal.

0:23:19.680 --> 0:23:23.200
<v Speaker 1>Weld of a canal right there. The millionth ship UM

0:23:23.240 --> 0:23:26.160
<v Speaker 1>went through in two thousand, ten hundred and forty four

0:23:26.160 --> 0:23:29.439
<v Speaker 1>thousand ships go through a year, and it's a very

0:23:29.560 --> 0:23:34.000
<v Speaker 1>narrow little strip. You know. That means waiting in line,

0:23:34.359 --> 0:23:37.080
<v Speaker 1>a lot of waiting in line. Plus, also there's an

0:23:37.160 --> 0:23:39.840
<v Speaker 1>upper limit to the size ship that can go through.

0:23:39.880 --> 0:23:44.000
<v Speaker 1>It's called Panama. Panamax is the is the ship size?

0:23:44.040 --> 0:23:47.520
<v Speaker 1>That's yeah, what a great name for the biggest ship

0:23:47.600 --> 0:23:50.720
<v Speaker 1>that Panamax. What could be bigger than that? Well, these

0:23:50.720 --> 0:23:53.600
<v Speaker 1>ships that are called post Panama exactly, a lot of

0:23:53.880 --> 0:23:56.040
<v Speaker 1>shippers are like, you know what, I'm tired of waiting.

0:23:56.160 --> 0:23:59.800
<v Speaker 1>It's actually going to be more economical for me to

0:24:00.040 --> 0:24:02.320
<v Speaker 1>build a ship that can't go through the Panama Canal

0:24:02.640 --> 0:24:04.679
<v Speaker 1>but can hold a lot more and I'll just sail

0:24:04.720 --> 0:24:09.719
<v Speaker 1>around the lower part of South America. And um, that's

0:24:10.280 --> 0:24:14.400
<v Speaker 1>kind of increasingly happening. Plus, Nicaragua threatened to open their

0:24:14.400 --> 0:24:17.400
<v Speaker 1>own canal, So Panama says, okay, wait, wait, wait, let's

0:24:17.440 --> 0:24:19.399
<v Speaker 1>let's holl the referendum and see if we can expand

0:24:19.400 --> 0:24:21.960
<v Speaker 1>this thing and modernize it and save the canal. And

0:24:22.280 --> 0:24:25.120
<v Speaker 1>Panamanians said, yes, let's so in two thousand and six

0:24:25.160 --> 0:24:28.280
<v Speaker 1>they approved this third lane that's expected to be open

0:24:28.320 --> 0:24:31.800
<v Speaker 1>by two fourteen. Is Nicaragua still planning a canal. I

0:24:31.800 --> 0:24:33.480
<v Speaker 1>don't know. I don't know if that shot it down

0:24:33.600 --> 0:24:35.760
<v Speaker 1>or not. Well. And there's also talk now of a

0:24:35.840 --> 0:24:40.640
<v Speaker 1>Northwest passage thanks to um what some people might say,

0:24:40.640 --> 0:24:43.920
<v Speaker 1>it's climate change and melting ice caps. There may be

0:24:44.080 --> 0:24:47.480
<v Speaker 1>a way to get there um by land. Henry Hudson

0:24:47.600 --> 0:24:51.919
<v Speaker 1>is clapping in his grave. Um, So we'll see if

0:24:51.960 --> 0:24:53.760
<v Speaker 1>that happens. I don't know. I didn't get a chance

0:24:53.760 --> 0:24:56.040
<v Speaker 1>to really look into that research. And like, how real

0:24:56.160 --> 0:24:59.680
<v Speaker 1>is that? Even? Still, the Panamanians will probably make their

0:25:00.320 --> 0:25:04.920
<v Speaker 1>five point to five billion investment back eventually, although it

0:25:05.000 --> 0:25:10.680
<v Speaker 1>took the US good forty years to make four million back. Yeah, yeah,

0:25:10.720 --> 0:25:13.359
<v Speaker 1>I think the nine when they finally broke even. Huh

0:25:13.400 --> 0:25:17.440
<v Speaker 1>that's crazy. And um, you break even by charging a toll,

0:25:17.440 --> 0:25:19.679
<v Speaker 1>I don't think we even mentioned that. You obviously, like

0:25:19.760 --> 0:25:24.880
<v Speaker 1>any way station or passage, you gotta pay according to

0:25:25.640 --> 0:25:28.439
<v Speaker 1>what how much stuff you got, right, It's like I

0:25:28.480 --> 0:25:30.920
<v Speaker 1>think the record is I looked it up. It's like

0:25:30.920 --> 0:25:33.600
<v Speaker 1>a d or something. Yeah, they do it by ton in.

0:25:34.119 --> 0:25:37.280
<v Speaker 1>The thing is is, if you are um carrying a

0:25:37.280 --> 0:25:41.520
<v Speaker 1>lot of really expensive natural gas, right, you're gonna pay

0:25:41.640 --> 0:25:43.800
<v Speaker 1>a lesser toll than if you're carrying a bunch of

0:25:44.000 --> 0:25:47.600
<v Speaker 1>less expensive or even equally expensive coal, which isn't fair.

0:25:48.080 --> 0:25:51.240
<v Speaker 1>And if you're if you're transporting a lot of raw steel,

0:25:51.280 --> 0:25:53.919
<v Speaker 1>why should you pay more? So they're they're trying to

0:25:53.920 --> 0:25:56.840
<v Speaker 1>figure out a new toll system, especially for the newly

0:25:56.920 --> 0:26:00.959
<v Speaker 1>expanded version of the canal um it takes into account

0:26:01.040 --> 0:26:03.720
<v Speaker 1>the value of the of what's on board rather than

0:26:03.800 --> 0:26:06.560
<v Speaker 1>just the weight, right, So they should make a little

0:26:06.560 --> 0:26:08.600
<v Speaker 1>more money that way. Yeah. I don't know if this

0:26:08.720 --> 0:26:11.440
<v Speaker 1>is still accurate, but the record that I have is

0:26:11.480 --> 0:26:14.760
<v Speaker 1>a hundred and fifty three thousand dollars six hundred and

0:26:14.760 --> 0:26:18.760
<v Speaker 1>fifty three thousand, six hundred sixty two and the cheapest

0:26:19.320 --> 0:26:22.399
<v Speaker 1>was when a dude swam across it any weighed like

0:26:22.440 --> 0:26:24.359
<v Speaker 1>a hundred and fifty pounds, and so they charged them

0:26:24.400 --> 0:26:27.800
<v Speaker 1>what like thirty six cents. Yeah, that back in Richard

0:26:27.800 --> 0:26:31.200
<v Speaker 1>Halliburton and he swam the Panama Canal, and I guess

0:26:31.200 --> 0:26:33.280
<v Speaker 1>it was some sort of publicity stunt. I'm sure people

0:26:33.359 --> 0:26:35.479
<v Speaker 1>love doing stuff like that back then. Yeah, but if

0:26:35.520 --> 0:26:40.360
<v Speaker 1>you look at this um this high speed route on YouTube,

0:26:40.720 --> 0:26:43.680
<v Speaker 1>it's pretty neat and there's a lot of times you're like, oh,

0:26:43.800 --> 0:26:46.120
<v Speaker 1>look out for that boat and then it turns you're like, Okay,

0:26:46.520 --> 0:26:48.760
<v Speaker 1>there's a lot of activity out there. Yeah, you know

0:26:48.840 --> 0:26:51.879
<v Speaker 1>it's not a pleasure cruise. Well no, and it's not

0:26:52.040 --> 0:26:54.760
<v Speaker 1>one ship at a time. They have, like you said,

0:26:54.960 --> 0:26:58.840
<v Speaker 1>two way traffic, right, that's right, and they try to

0:26:58.920 --> 0:27:01.240
<v Speaker 1>keep them going through as if recently as possible. And

0:27:01.240 --> 0:27:06.400
<v Speaker 1>I should say also, um, the the um the new

0:27:06.440 --> 0:27:09.560
<v Speaker 1>locks that they have can serve about six of the

0:27:09.600 --> 0:27:13.920
<v Speaker 1>water used, so they'll address a lot of environmental concerns hopefully.

0:27:14.040 --> 0:27:17.920
<v Speaker 1>I got a couple of little facts here if you're interested. Uh,

0:27:17.960 --> 0:27:20.200
<v Speaker 1>the entrance to the canal in the Atlantic side is

0:27:20.240 --> 0:27:23.560
<v Speaker 1>twenty two and a half miles west of the Pacific entrance,

0:27:24.240 --> 0:27:27.280
<v Speaker 1>which is interesting because it has a unique s shape.

0:27:27.840 --> 0:27:34.159
<v Speaker 1>And then, um, the locks themselves are seven feet thick each.

0:27:35.520 --> 0:27:37.520
<v Speaker 1>So if you're wondering how to keep out that much water,

0:27:38.000 --> 0:27:40.879
<v Speaker 1>like to to basically damn up the oceans, you need

0:27:40.920 --> 0:27:45.480
<v Speaker 1>to do it with seven foot thick concrete. Um. The

0:27:45.560 --> 0:27:51.040
<v Speaker 1>workforce is Panamanian right now, which is pretty great. And uh,

0:27:51.160 --> 0:27:54.200
<v Speaker 1>it's about all I got. Sixty million pounds of dynamite

0:27:54.200 --> 0:27:58.320
<v Speaker 1>was used to construct this thing. It's some nice stets Chuck, Yeah,

0:27:58.320 --> 0:28:01.720
<v Speaker 1>it's not bad. Cool you got anything else? Like? No,

0:28:01.840 --> 0:28:04.000
<v Speaker 1>all the rest of these are kind of boring. Panama

0:28:04.080 --> 0:28:08.160
<v Speaker 1>Canal Forever. Uh. If you want to learn more about

0:28:08.200 --> 0:28:10.359
<v Speaker 1>the Panama Canal, you can read this very good article

0:28:10.520 --> 0:28:13.320
<v Speaker 1>on how Stuff works dot com. Type in Panama Canal

0:28:13.520 --> 0:28:16.199
<v Speaker 1>or turning around Canal. See what happens when you do

0:28:16.280 --> 0:28:19.439
<v Speaker 1>the ladder, Um, Chuck, hold on, let's let's take a

0:28:19.480 --> 0:28:23.680
<v Speaker 1>message break. Huh. It is time for a listener mail, Josh,

0:28:23.760 --> 0:28:26.200
<v Speaker 1>I'm gonna call this one listener mail about listener mail.

0:28:27.000 --> 0:28:29.040
<v Speaker 1>Hey guys, I'm currently on the seven train heading to

0:28:29.119 --> 0:28:32.399
<v Speaker 1>Queens for Manhattan after a long day of working as

0:28:32.440 --> 0:28:35.760
<v Speaker 1>an auditor at a cp A firm. Um. As usual,

0:28:35.800 --> 0:28:37.560
<v Speaker 1>I'm listening to your podcast. This time it was the

0:28:37.640 --> 0:28:41.320
<v Speaker 1>death Mask episode and you were concluding with a listener mail.

0:28:41.640 --> 0:28:45.880
<v Speaker 1>And this is instance. It was from Martha regarding peak oil.

0:28:46.640 --> 0:28:49.600
<v Speaker 1>And I think Martha was talking about the auditing of

0:28:49.600 --> 0:28:53.480
<v Speaker 1>oil reserves. And he says this to Martle. She was

0:28:53.520 --> 0:28:55.520
<v Speaker 1>correct for the most part, regarding the audit of oil

0:28:55.560 --> 0:28:58.840
<v Speaker 1>reserves held by entities whose stocks may be publicly traded

0:28:58.880 --> 0:29:01.280
<v Speaker 1>on the stock market. Just one thing I was so

0:29:01.440 --> 0:29:03.800
<v Speaker 1>a gas by that I felt I needed to type

0:29:03.840 --> 0:29:05.960
<v Speaker 1>this from my phone as I'm on the train. Still,

0:29:06.400 --> 0:29:09.880
<v Speaker 1>the SEC does not perform any audits of its own

0:29:10.120 --> 0:29:12.880
<v Speaker 1>on these companies. Uh. It is firms like the one

0:29:13.040 --> 0:29:17.520
<v Speaker 1>I work for, that audit these companies, albeit under SEC guidelines.

0:29:18.120 --> 0:29:22.040
<v Speaker 1>Actually p c A I would be Public Company Audit

0:29:22.080 --> 0:29:25.160
<v Speaker 1>Oversight Board guidelines if you want to get technically yeah, Uh,

0:29:25.200 --> 0:29:27.880
<v Speaker 1>the SEC may perform a type of audit, but when

0:29:27.920 --> 0:29:30.680
<v Speaker 1>they do, they're usually auditing an audit firm or an

0:29:30.720 --> 0:29:34.200
<v Speaker 1>audit that has already been done by an audit firm

0:29:34.280 --> 0:29:38.520
<v Speaker 1>as part of some kind of investigation. What so they'll

0:29:38.560 --> 0:29:41.520
<v Speaker 1>audit an audit like the SEC doesn't audits. It's a

0:29:41.560 --> 0:29:44.440
<v Speaker 1>long and charget. I'm s an audit. Well fund actually

0:29:44.480 --> 0:29:46.600
<v Speaker 1>been through one of these audits and it is no

0:29:46.680 --> 0:29:50.160
<v Speaker 1>fun at all. For some reason, it seems everyone whom

0:29:50.200 --> 0:29:53.320
<v Speaker 1>works at the SEC is what you stereotypically picture as

0:29:53.320 --> 0:29:56.160
<v Speaker 1>an accountant with no humor. Plus, the word audit loses

0:29:56.200 --> 0:29:59.240
<v Speaker 1>all meaning when you hear it. That's right. I digress though, Guys.

0:29:59.360 --> 0:30:02.040
<v Speaker 1>If you pull up at ten K annual filing for

0:30:02.120 --> 0:30:04.760
<v Speaker 1>any public company, you can see in the audit opinion

0:30:05.280 --> 0:30:08.840
<v Speaker 1>the audit firm which performed the audit for that particular year.

0:30:09.280 --> 0:30:12.800
<v Speaker 1>I hope that clears things up. Henrik Olmez and Henry.

0:30:12.920 --> 0:30:15.800
<v Speaker 1>I'm not sure if that cleared it up, but if

0:30:15.840 --> 0:30:18.640
<v Speaker 1>I was an accountant, I would probably say yes, very

0:30:18.680 --> 0:30:21.960
<v Speaker 1>much clear of things over, very nice. Thank you very much, Henry.

0:30:22.000 --> 0:30:23.960
<v Speaker 1>That was very nice of you to correct somebody who

0:30:24.000 --> 0:30:26.360
<v Speaker 1>is correcting us. Yeah, and I'm sorry, I'm sorry. You

0:30:26.360 --> 0:30:29.520
<v Speaker 1>gotta take that. Thank you. Seven train man, is that

0:30:29.600 --> 0:30:31.840
<v Speaker 1>a terrible train? Not do that one. It's like it's

0:30:31.880 --> 0:30:33.720
<v Speaker 1>the old red train that looks like it's about to

0:30:33.760 --> 0:30:36.160
<v Speaker 1>fall off. It's like the midnight meat train. Yeah, have

0:30:36.240 --> 0:30:39.640
<v Speaker 1>you seen that now? Man, what's midnight meat? That's a

0:30:39.680 --> 0:30:42.280
<v Speaker 1>midnight meat train. It's got Vinnie Jones and Bradley Cooper

0:30:42.280 --> 0:30:45.280
<v Speaker 1>in it. It's actually based on a Clive Barker short

0:30:45.320 --> 0:30:47.640
<v Speaker 1>story because that's an old joke between me and my

0:30:47.680 --> 0:30:49.960
<v Speaker 1>friend p J, who he's met I believe. Yeah, he

0:30:50.280 --> 0:30:53.760
<v Speaker 1>uh cookouts famously. P J is a great chef home chef,

0:30:54.160 --> 0:30:57.080
<v Speaker 1>but he was so he would typically take so long.

0:30:57.120 --> 0:30:59.920
<v Speaker 1>We referred to his meals as midnight meat and then

0:31:00.080 --> 0:31:02.400
<v Speaker 1>made a joke about cold cooking mistake one time night

0:31:02.720 --> 0:31:05.080
<v Speaker 1>It took like twenty four hours. Yeah, no, that's definitely

0:31:05.600 --> 0:31:07.600
<v Speaker 1>this is not a slam on t J. No. We

0:31:07.640 --> 0:31:11.360
<v Speaker 1>love him in nighted Uh. If you have anything you

0:31:11.400 --> 0:31:12.960
<v Speaker 1>want us to know, if you want to correct somebody

0:31:12.960 --> 0:31:15.800
<v Speaker 1>who's corrected us, or you just want to say hi, whatever,

0:31:16.280 --> 0:31:18.920
<v Speaker 1>you can tweet to us at s y s K podcast.

0:31:19.040 --> 0:31:21.200
<v Speaker 1>You can join us on Facebook dot com slash stuff

0:31:21.240 --> 0:31:22.840
<v Speaker 1>you Should Know. You can send us an email to

0:31:22.960 --> 0:31:26.000
<v Speaker 1>Stuff Podcast at scovery dot com and chuck uh. They

0:31:26.000 --> 0:31:28.480
<v Speaker 1>can always find us on our website, Right stuff you

0:31:28.480 --> 0:31:35.800
<v Speaker 1>Should Know dot com for more on this and thousands

0:31:35.800 --> 0:31:45.680
<v Speaker 1>of other topics. Is it how stuff works dot com. Hey,

0:31:45.800 --> 0:31:49.720
<v Speaker 1>Netflix streams TV shows and movies directly to your TV, computer,

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