1
00:00:00,240 --> 00:00:02,640
Speaker 1: Guess what, mango, what's that will? So did you know

2
00:00:02,680 --> 00:00:05,720
Speaker 1: that when Abe Lincoln created the Secret Service, they actually

3
00:00:05,720 --> 00:00:10,959
Speaker 1: weren't meant to be presidential bodyguards. Then why were they created? Well,

4
00:00:11,000 --> 00:00:14,200
Speaker 1: their whole reason was to suppress counterfeiters, which is of

5
00:00:14,240 --> 00:00:17,960
Speaker 1: course ironic. It was actually the day of his assassination,

6
00:00:18,040 --> 00:00:21,239
Speaker 1: or that morning that Lincoln signed the legislation to create

7
00:00:21,320 --> 00:00:24,599
Speaker 1: this department. But the Secret Services job was actually to

8
00:00:24,640 --> 00:00:27,160
Speaker 1: go after all the fake money that was in circulation,

9
00:00:27,640 --> 00:00:30,040
Speaker 1: and in the process of this, they were targeting groups

10
00:00:30,080 --> 00:00:33,320
Speaker 1: like the KKK. You know, these guys were perpetrating financial

11
00:00:33,320 --> 00:00:36,560
Speaker 1: frauds against the government just left and right. And they'd

12
00:00:36,560 --> 00:00:40,040
Speaker 1: also go around training law officials and educating consumers about

13
00:00:40,040 --> 00:00:43,120
Speaker 1: things like fake bills. That's pretty crazy. So their focus

14
00:00:43,159 --> 00:00:45,800
Speaker 1: actually shifted over time. Yeah, so their duties changed when

15
00:00:45,840 --> 00:00:48,600
Speaker 1: McKinley was shot and there was this clear need to

16
00:00:48,640 --> 00:00:52,040
Speaker 1: protect the president, so Congress asked them to take that on.

17
00:00:52,240 --> 00:00:55,000
Speaker 1: But you know, for decades, the Secret Service was actually

18
00:00:55,080 --> 00:00:57,880
Speaker 1: part of the Treasury Department. In fact, at the time

19
00:00:57,920 --> 00:01:01,040
Speaker 1: they launched, it's estimated that between one third to one

20
00:01:01,160 --> 00:01:04,560
Speaker 1: half of the American money in circulation was counterfeit so

21
00:01:04,600 --> 00:01:09,039
Speaker 1: it's obviously one huge problem. Yeah yeah, But anyway, that's

22
00:01:09,040 --> 00:01:12,520
Speaker 1: just the first of nine facts we've got today about money.

23
00:01:12,680 --> 00:01:36,119
Speaker 1: So let's dive in. Y Hey, their podcast listeners, welcome

24
00:01:36,160 --> 00:01:38,640
Speaker 1: to Part Time Genius. I'm Will Pearson, and as always

25
00:01:38,720 --> 00:01:41,480
Speaker 1: I'm joined by my good friend Manges Ticketer and sitting

26
00:01:41,480 --> 00:01:45,760
Speaker 1: behind that soundproof glass, organizing his monopoly money, but organizing

27
00:01:45,760 --> 00:01:47,960
Speaker 1: it in a billful that I don't know if you've

28
00:01:48,000 --> 00:01:52,440
Speaker 1: ever played monopoly with Tristan. He honestly thinks the only

29
00:01:52,480 --> 00:01:55,720
Speaker 1: way to carry around and organize his monopoly money is

30
00:01:55,760 --> 00:01:59,440
Speaker 1: with this fancy billful that he has. But anyway, that's

31
00:01:59,440 --> 00:02:02,760
Speaker 1: our friend, then produce her Tristan McNeil, So I go.

32
00:02:03,040 --> 00:02:05,840
Speaker 1: I know we're talking about strange currencies and and things

33
00:02:05,880 --> 00:02:09,000
Speaker 1: that are tangentially related to cash. But when we were

34
00:02:09,040 --> 00:02:11,600
Speaker 1: talking earlier about how we were trying to raise money

35
00:02:11,639 --> 00:02:13,760
Speaker 1: as kids, I forgot to ask you, did you actually

36
00:02:13,760 --> 00:02:17,000
Speaker 1: collect an allowance as a kid? I didn't. It wasn't

37
00:02:17,000 --> 00:02:19,280
Speaker 1: how like my family functioned. And I don't know if

38
00:02:19,320 --> 00:02:21,760
Speaker 1: that many Indian families and and kids that got allowance

39
00:02:21,800 --> 00:02:24,200
Speaker 1: growing up, but I do know that my friends were

40
00:02:24,200 --> 00:02:27,840
Speaker 1: always interested in like money, making schemes, which doesn't surprise

41
00:02:27,880 --> 00:02:30,560
Speaker 1: me or I can imagine you doing this, but I'm curious, like, what,

42
00:02:30,560 --> 00:02:32,680
Speaker 1: what are some examples of your your get ridge schemes?

43
00:02:33,120 --> 00:02:35,720
Speaker 1: I mean, there were so many bad ideas that dog

44
00:02:35,760 --> 00:02:39,200
Speaker 1: magazine newspaper. I started with one of them. I remember,

45
00:02:39,280 --> 00:02:41,000
Speaker 1: like when I was in second grade, my cousins and

46
00:02:41,000 --> 00:02:43,600
Speaker 1: I always used to write plays and we'd force our

47
00:02:43,600 --> 00:02:45,600
Speaker 1: parents to sit and wash them. But then we'd also

48
00:02:45,680 --> 00:02:48,920
Speaker 1: ask for like money for the tickets, and that just

49
00:02:48,960 --> 00:02:51,600
Speaker 1: feels like doubly bad for the parents who had to

50
00:02:51,600 --> 00:02:54,799
Speaker 1: sit through these awful plays and I had to give

51
00:02:54,880 --> 00:02:58,000
Speaker 1: us a quarter to watch or whatever. But you know,

52
00:02:58,200 --> 00:03:00,440
Speaker 1: my friend Howard and I had the ski and this

53
00:03:00,440 --> 00:03:02,079
Speaker 1: is later, when we were in sixth grade, we saw

54
00:03:02,120 --> 00:03:05,080
Speaker 1: that um Reader's Digest used to pay like fifty dollars

55
00:03:05,200 --> 00:03:07,880
Speaker 1: or hundred dollars for jokes that they published, and we

56
00:03:07,919 --> 00:03:10,440
Speaker 1: had this whole idea that, you know, we're these sophisticated

57
00:03:10,480 --> 00:03:14,040
Speaker 1: sixth graders. Our jokes were far too good. But you know,

58
00:03:14,480 --> 00:03:17,200
Speaker 1: maybe if we appirst the fourth graders got them to

59
00:03:17,200 --> 00:03:19,160
Speaker 1: tell us their best jokes, then we could just turn

60
00:03:19,200 --> 00:03:23,320
Speaker 1: around and sell those direaders Digestros and Men's Profit. You know,

61
00:03:23,400 --> 00:03:25,840
Speaker 1: we're kind of too wazy to actually enact it. But

62
00:03:26,520 --> 00:03:28,120
Speaker 1: you know, when you think about it, it's not like

63
00:03:28,160 --> 00:03:31,120
Speaker 1: Reader's Digest was just thinking, you know, we really need

64
00:03:31,160 --> 00:03:35,040
Speaker 1: a lot of jokes about underwear and broccoli, and people

65
00:03:35,080 --> 00:03:37,320
Speaker 1: submitted will just pay for all of them. So it

66
00:03:37,400 --> 00:03:40,480
Speaker 1: really wasn't a well thought out scheme. Yeah, but pretty

67
00:03:40,480 --> 00:03:42,800
Speaker 1: funny actually. You know, our our friend Joe did that

68
00:03:42,840 --> 00:03:45,400
Speaker 1: episode of Committed where the stories about this woman who

69
00:03:45,440 --> 00:03:49,240
Speaker 1: falls in love and marries this homeless gentleman, and it's

70
00:03:49,280 --> 00:03:51,040
Speaker 1: a great story, but you know, one of the parts

71
00:03:51,080 --> 00:03:53,560
Speaker 1: I found most memorable was that he was always on

72
00:03:53,600 --> 00:03:56,200
Speaker 1: the hunt for loose change. I remember them talking about

73
00:03:56,200 --> 00:03:58,160
Speaker 1: this in the episode, that when they'd go on the walks,

74
00:03:58,400 --> 00:04:01,480
Speaker 1: he'd always be looking down or looking around in different places,

75
00:04:01,480 --> 00:04:04,560
Speaker 1: and that's because he was always hunting for money. And

76
00:04:04,880 --> 00:04:07,400
Speaker 1: he said he'd find something like eighty euros a week

77
00:04:07,520 --> 00:04:10,120
Speaker 1: that way. So I was actually looking up a fact

78
00:04:10,160 --> 00:04:13,280
Speaker 1: about this, and Americans actually throw out over sixty million

79
00:04:13,320 --> 00:04:16,960
Speaker 1: dollars in coins every single year, which is staggering, Like,

80
00:04:17,080 --> 00:04:18,680
Speaker 1: I can't imagine how rich we'd all be if we

81
00:04:18,720 --> 00:04:22,400
Speaker 1: went home and searched our couches today, no kidding, Well

82
00:04:22,520 --> 00:04:24,960
Speaker 1: that is my second fact this morning. So I think

83
00:04:24,960 --> 00:04:26,520
Speaker 1: it's time to give you a turn. So what do

84
00:04:26,520 --> 00:04:28,680
Speaker 1: you want to kick things off with? Well, how about

85
00:04:28,720 --> 00:04:31,400
Speaker 1: sticking with your counterfeit idea, and let's talk a little

86
00:04:31,400 --> 00:04:33,640
Speaker 1: bit about super notes, which are a series of counterfeit

87
00:04:33,640 --> 00:04:37,040
Speaker 1: fifty and more often hundred dollar notes. And these are

88
00:04:37,240 --> 00:04:40,800
Speaker 1: super impressive. They're printed on this cotton fiber so they

89
00:04:40,839 --> 00:04:43,160
Speaker 1: feel like money, and according to Slate, they have just

90
00:04:43,240 --> 00:04:45,480
Speaker 1: the right amount of blue and red fibers in it.

91
00:04:45,760 --> 00:04:48,840
Speaker 1: These are the features that the government uses for security,

92
00:04:48,880 --> 00:04:51,000
Speaker 1: so it ends up being really hard to spot in

93
00:04:51,040 --> 00:04:54,000
Speaker 1: the wild. And you know, the government now has ways

94
00:04:54,000 --> 00:04:56,040
Speaker 1: of detecting these, but for a while in the nineties

95
00:04:56,040 --> 00:04:58,960
Speaker 1: and two thousand's it caused a lot of chaos, and

96
00:04:59,000 --> 00:05:01,400
Speaker 1: the reason there in exist stince has been debated. So

97
00:05:01,520 --> 00:05:03,600
Speaker 1: some people actually think it goes back to some printing

98
00:05:03,600 --> 00:05:05,840
Speaker 1: equipment that the Shah of Iran bought from the US

99
00:05:05,880 --> 00:05:09,400
Speaker 1: in the nineties seventies, and somehow that equipment was sold

100
00:05:09,440 --> 00:05:12,280
Speaker 1: off to a different country and then duplicated elsewhere and

101
00:05:12,600 --> 00:05:15,440
Speaker 1: the government isn't sure where this started. But what we

102
00:05:15,520 --> 00:05:19,520
Speaker 1: do know is who profited from the supernotes, and clearly

103
00:05:19,680 --> 00:05:22,839
Speaker 1: that's North Korea. Officials actually believed that the rogue nation

104
00:05:22,880 --> 00:05:25,520
Speaker 1: has made over twenty five million dollars by printing and

105
00:05:25,520 --> 00:05:28,800
Speaker 1: circulating the fake currency. And in fact, just last year

106
00:05:29,040 --> 00:05:31,280
Speaker 1: there were these newly printed notes discovered at a South

107
00:05:31,360 --> 00:05:34,520
Speaker 1: Korean bank and it's made authorities nervous that the North

108
00:05:34,600 --> 00:05:38,960
Speaker 1: Koreans are added again, Well, I'm gonna stick with that theme. Actually,

109
00:05:39,120 --> 00:05:42,719
Speaker 1: just read this an article about this that Adobe Photoshop

110
00:05:42,760 --> 00:05:45,359
Speaker 1: actually detects if you're trying to edit an image of

111
00:05:45,360 --> 00:05:48,279
Speaker 1: currency and it won't let you manipulate it or or

112
00:05:48,320 --> 00:05:50,760
Speaker 1: print it, which is, you know, actually pretty smart. And

113
00:05:50,800 --> 00:05:53,640
Speaker 1: apparently the website hyper Allergic discovered that when they tried

114
00:05:53,680 --> 00:05:56,520
Speaker 1: to scan a Canadian five dollar bill into the system.

115
00:05:56,839 --> 00:05:58,520
Speaker 1: This was a few years ago, they did this story.

116
00:05:58,920 --> 00:06:01,760
Speaker 1: They even detect the bill where a minister on the

117
00:06:01,760 --> 00:06:04,440
Speaker 1: note was altered to look like spock and so it

118
00:06:04,440 --> 00:06:07,599
Speaker 1: wouldn't let the author pull the image in And actually

119
00:06:07,640 --> 00:06:10,160
Speaker 1: this is true for a lot of international currencies. That's

120
00:06:10,160 --> 00:06:12,359
Speaker 1: really cool, Like, I don't think I realized that that

121
00:06:12,480 --> 00:06:15,280
Speaker 1: software in particular was capable of deciphering what you're working on.

122
00:06:15,400 --> 00:06:18,080
Speaker 1: But I do feel like if you're a dumb criminal,

123
00:06:18,200 --> 00:06:20,680
Speaker 1: like photoshop and Xerox machines are the first place you're

124
00:06:20,680 --> 00:06:24,359
Speaker 1: gonna go, right, Definitely, definitely. So speaking of international currency,

125
00:06:24,680 --> 00:06:26,920
Speaker 1: here's a cute one. So a couple of years ago,

126
00:06:26,920 --> 00:06:29,880
Speaker 1: there was this petition online that was circulated to rename

127
00:06:29,960 --> 00:06:32,520
Speaker 1: the Australian dollar and people wanted to call it the

128
00:06:32,600 --> 00:06:36,480
Speaker 1: dollar we do, which I can is based on a

129
00:06:36,600 --> 00:06:40,680
Speaker 1: Simpsons just Simpsons, yeah, and I love it, but you know,

130
00:06:40,720 --> 00:06:43,600
Speaker 1: the Australian site nine dot com pointed out that this

131
00:06:43,680 --> 00:06:46,400
Speaker 1: actually isn't the first time that the Australian government has

132
00:06:46,480 --> 00:06:49,840
Speaker 1: ignored suggestions for renaming the money, even though they got

133
00:06:49,880 --> 00:06:54,880
Speaker 1: fifty signatures. So way back in the sixties, Australia stopped

134
00:06:54,920 --> 00:06:57,120
Speaker 1: using the pound and they switched to a new currency

135
00:06:57,320 --> 00:06:59,919
Speaker 1: and at the time, the government decided to crowdsource ideas

136
00:07:00,000 --> 00:07:02,400
Speaker 1: a currency name, and the public came up with a

137
00:07:02,400 --> 00:07:05,160
Speaker 1: lot of ideas and here's part of the list. They

138
00:07:05,160 --> 00:07:08,479
Speaker 1: wanted to call it the oz, the koala, the emu,

139
00:07:08,640 --> 00:07:13,200
Speaker 1: the boomer, the kanga, the rue of course, the dinkum,

140
00:07:13,360 --> 00:07:18,120
Speaker 1: which is my personal favorite, and the quid spelled k

141
00:07:18,400 --> 00:07:20,640
Speaker 1: w I d for some reason. I guess that's Australian

142
00:07:20,680 --> 00:07:24,640
Speaker 1: for Quinn. But the government, of course, in the end

143
00:07:24,680 --> 00:07:27,760
Speaker 1: just settled on Australian dollar. I'm glad they did such

144
00:07:27,760 --> 00:07:30,640
Speaker 1: a big brainstorm to come up with the Australian dollar.

145
00:07:30,880 --> 00:07:33,920
Speaker 1: But all right, well, I gotta really gross one here.

146
00:07:33,960 --> 00:07:35,640
Speaker 1: You know, I'm kind of a germophoe. But this was

147
00:07:35,680 --> 00:07:39,440
Speaker 1: a two thousand seventeen study and researchers were taking these

148
00:07:39,480 --> 00:07:41,880
Speaker 1: one dollar notes and they would swab them, and they

149
00:07:41,920 --> 00:07:43,960
Speaker 1: got these from a bank in New York City, and

150
00:07:44,240 --> 00:07:45,680
Speaker 1: what they were trying to do was just to see

151
00:07:45,720 --> 00:07:49,360
Speaker 1: what was living on these bills. And they found hundreds

152
00:07:49,360 --> 00:07:52,600
Speaker 1: of species of micro organisms, which isn't that shocking, But

153
00:07:52,600 --> 00:07:56,600
Speaker 1: they found things like E. Coole I, Salmonella bacteria from

154
00:07:56,600 --> 00:08:00,160
Speaker 1: people's private which is I don't really know exactly all this,

155
00:08:00,960 --> 00:08:03,000
Speaker 1: the clubs all these one time, I don't I don't

156
00:08:03,040 --> 00:08:05,160
Speaker 1: know where they're coming from. But anyway, one of the

157
00:08:05,200 --> 00:08:09,440
Speaker 1: most abundant was actually the strain that causes acne. Oh

158
00:08:09,480 --> 00:08:13,520
Speaker 1: that's so gross. Also, money is so dirty. I think

159
00:08:13,520 --> 00:08:15,920
Speaker 1: about this all the time because, uh, you know, I

160
00:08:15,960 --> 00:08:17,840
Speaker 1: used to work as a cleric and video store and

161
00:08:17,840 --> 00:08:20,320
Speaker 1: and people are always hand you change and I remember

162
00:08:20,400 --> 00:08:22,520
Speaker 1: just counting quarters. At the end of it, my hands

163
00:08:22,520 --> 00:08:26,040
Speaker 1: would be filthy. It was so gross. Yeah, it's pretty

164
00:08:26,040 --> 00:08:28,160
Speaker 1: it's pretty gross. So you know, the research shows that

165
00:08:28,280 --> 00:08:30,920
Speaker 1: bank notes that use plastic polymers, and these are like

166
00:08:31,000 --> 00:08:34,160
Speaker 1: the ones they use in Canada and also Australia. I

167
00:08:34,160 --> 00:08:36,520
Speaker 1: think they end up being much cleaner than the US bills,

168
00:08:37,320 --> 00:08:40,160
Speaker 1: which is really interesting. I I do wonder if people

169
00:08:40,200 --> 00:08:42,600
Speaker 1: have clearer skin in those countries as a result, if

170
00:08:42,600 --> 00:08:46,880
Speaker 1: they're not typing, don't have to conduct a study. Well,

171
00:08:47,080 --> 00:08:48,680
Speaker 1: here's the fact that I like, have you ever heard

172
00:08:48,720 --> 00:08:53,320
Speaker 1: of brook shares burke shares? So this was a currency

173
00:08:53,400 --> 00:08:56,560
Speaker 1: that got started in the Berkshires in Massachusetts, and this

174
00:08:56,600 --> 00:08:58,560
Speaker 1: was in two thousand and six, and the idea was

175
00:08:58,600 --> 00:09:00,960
Speaker 1: that they wanted to have their own regional currency to

176
00:09:01,040 --> 00:09:03,960
Speaker 1: encourage people to buy locally. So you can actually take

177
00:09:03,960 --> 00:09:06,400
Speaker 1: your federal currency, which is U S dollars and and

178
00:09:06,400 --> 00:09:08,199
Speaker 1: then go to one of the five regional banks there

179
00:09:08,240 --> 00:09:12,680
Speaker 1: that supports this and exchange for one Berkshire and the

180
00:09:12,720 --> 00:09:14,439
Speaker 1: idea is that you'll spend more in one of the

181
00:09:14,480 --> 00:09:17,400
Speaker 1: four local shops that accepts it. The idea is to

182
00:09:17,440 --> 00:09:19,800
Speaker 1: promote I don't know, like like buying from your local

183
00:09:19,800 --> 00:09:22,840
Speaker 1: toy store over Amazon, or supporting like the farmers markets

184
00:09:22,920 --> 00:09:25,920
Speaker 1: or whatever, and then foster community in the process. And

185
00:09:26,200 --> 00:09:28,880
Speaker 1: I don't know, it's a really fun idea. But another

186
00:09:28,920 --> 00:09:31,960
Speaker 1: aspect of it that's interesting is because the money's new, Uh,

187
00:09:32,080 --> 00:09:34,600
Speaker 1: you can put whatever you want on it. So some

188
00:09:34,720 --> 00:09:37,520
Speaker 1: of the bills have Mohicans on them. Uh, they've got

189
00:09:37,559 --> 00:09:40,640
Speaker 1: a W. E. B. Du Bois, Norman Rockwell is on

190
00:09:40,679 --> 00:09:43,000
Speaker 1: the bill. I don't know, I haven't seen these, but

191
00:09:43,160 --> 00:09:46,000
Speaker 1: but they seem really fun. Huh. All right, Well, I

192
00:09:46,000 --> 00:09:47,800
Speaker 1: know we've got a couple more facts to go, but

193
00:09:48,000 --> 00:10:05,000
Speaker 1: why don't we take a little break first. You know,

194
00:10:05,360 --> 00:10:06,880
Speaker 1: during the break you and I were talking about how

195
00:10:06,920 --> 00:10:09,840
Speaker 1: we both have so many one line facts that belong

196
00:10:09,920 --> 00:10:13,200
Speaker 1: in this category. So I feel like we should change

197
00:10:13,240 --> 00:10:15,040
Speaker 1: the format a little bit here. I hope it doesn't

198
00:10:15,040 --> 00:10:18,079
Speaker 1: make listeners too dizzy if we do this, but we're

199
00:10:18,080 --> 00:10:21,079
Speaker 1: gonna abandon that commitment to just nine facts and maybe

200
00:10:21,160 --> 00:10:23,560
Speaker 1: do a little rapid fire back and forth. What do

201
00:10:23,600 --> 00:10:26,680
Speaker 1: you say? Yeah, I'm totally for this, So why don't

202
00:10:26,679 --> 00:10:29,440
Speaker 1: I kick it off? Do you know that Teddy Roosevelt

203
00:10:29,520 --> 00:10:31,920
Speaker 1: hated putting the phrase in God we trust on money.

204
00:10:32,280 --> 00:10:36,760
Speaker 1: He actually thought it was sacrilegious. Well. Ben Franklin, I know,

205
00:10:36,920 --> 00:10:39,880
Speaker 1: would agree because the first coins he printed were engraved

206
00:10:39,880 --> 00:10:43,560
Speaker 1: with the phrase mind your business. I love the idea

207
00:10:43,559 --> 00:10:46,920
Speaker 1: of mind your business, our money. So some of the

208
00:10:46,920 --> 00:10:50,360
Speaker 1: first American coins, known as half times a k Nichols,

209
00:10:50,480 --> 00:10:54,000
Speaker 1: were made from Georgie and Martha Washington's recycled silverware. Isn't

210
00:10:54,000 --> 00:10:56,439
Speaker 1: that amazing? That's pretty cool? Yeah, do you know you

211
00:10:56,480 --> 00:10:59,640
Speaker 1: can actually help reduce the national debt by donating money

212
00:10:59,640 --> 00:11:04,000
Speaker 1: to the US Department of the Treasury. They actually accept donations,

213
00:11:04,000 --> 00:11:06,320
Speaker 1: and every year, believe it or not, a lot of

214
00:11:06,360 --> 00:11:08,320
Speaker 1: people actually donate. Do we do We need to like

215
00:11:08,360 --> 00:11:10,200
Speaker 1: link to a ghost fund me so that people can

216
00:11:10,240 --> 00:11:12,400
Speaker 1: know how to donate to the to the Treasury. I'm

217
00:11:12,400 --> 00:11:15,440
Speaker 1: sure people will be racing to give money to the Yeah.

218
00:11:16,040 --> 00:11:19,160
Speaker 1: So US bills used to be considerably larger, and people

219
00:11:19,200 --> 00:11:22,560
Speaker 1: often referred to them as horse blankets. So I know

220
00:11:22,600 --> 00:11:24,240
Speaker 1: you're probably curious about this. If you want to use

221
00:11:24,280 --> 00:11:26,160
Speaker 1: in a sentence, you might say something like, do you

222
00:11:26,160 --> 00:11:28,000
Speaker 1: have any horse blankets on you? I need to get

223
00:11:28,000 --> 00:11:30,679
Speaker 1: some fredos from the vending machine. Yeah, I'm pretty sure

224
00:11:30,679 --> 00:11:33,920
Speaker 1: that's that's exactly what you would say. But all right, Well,

225
00:11:33,960 --> 00:11:37,400
Speaker 1: the highest denomination of US currency that's ever been produced

226
00:11:37,520 --> 00:11:40,720
Speaker 1: is the one hundred thousand dollar gold certificate, and they

227
00:11:40,760 --> 00:11:43,680
Speaker 1: made it for a very short time in the nineteen thirties,

228
00:11:43,720 --> 00:11:45,880
Speaker 1: you know, around the time of the Great Depression. Seems

229
00:11:45,880 --> 00:11:47,800
Speaker 1: like a great time to make a one hundred thousand

230
00:11:47,800 --> 00:11:51,600
Speaker 1: dollar gold certificate. So Larry Summers, who used to be

231
00:11:51,679 --> 00:11:53,680
Speaker 1: the Treasury Secretary, I'm sure you remember him from his

232
00:11:53,679 --> 00:11:56,640
Speaker 1: work at Harvard, He's pushed this idea that the government

233
00:11:56,679 --> 00:12:00,200
Speaker 1: should discontinue the hundred dollar bill because it makes agal

234
00:12:00,320 --> 00:12:04,040
Speaker 1: transactions so much easier. So there's people pushing for removing

235
00:12:04,080 --> 00:12:08,520
Speaker 1: the penny from circulation and the bill. That's interesting, all right, Well,

236
00:12:08,520 --> 00:12:11,800
Speaker 1: apparently the bill with the shortest lifespan of any denomination

237
00:12:12,080 --> 00:12:14,520
Speaker 1: is the ten dollar bill, and that's because it gets

238
00:12:14,559 --> 00:12:17,600
Speaker 1: handled the most. So a typical ten dollar bill will

239
00:12:17,640 --> 00:12:20,319
Speaker 1: only stay in circulation for about four and a half years.

240
00:12:20,559 --> 00:12:22,520
Speaker 1: That's crazy. I've actually read that it takes something like

241
00:12:22,720 --> 00:12:25,920
Speaker 1: four thousand double folds on a bill for it to tear.

242
00:12:26,120 --> 00:12:29,040
Speaker 1: But uh, how's that compared to other bills, which is

243
00:12:29,120 --> 00:12:31,400
Speaker 1: actually just think about that. That's one more reminder of

244
00:12:31,559 --> 00:12:34,000
Speaker 1: just how many people are touching a bill over some

245
00:12:34,280 --> 00:12:36,600
Speaker 1: period of time. You know, it surprised me a little

246
00:12:36,600 --> 00:12:39,240
Speaker 1: bit because I didn't realize that the ten dollar bill

247
00:12:39,320 --> 00:12:41,960
Speaker 1: was the most handled until I saw that fact recently,

248
00:12:42,200 --> 00:12:44,280
Speaker 1: or you know, passed around the most. I would have

249
00:12:44,280 --> 00:12:45,800
Speaker 1: thought it would have been the one, but the one

250
00:12:45,960 --> 00:12:49,040
Speaker 1: last for about a year long or so, about five

251
00:12:49,080 --> 00:12:51,960
Speaker 1: and a half years in circulation. Uh. Well, here's what

252
00:12:52,000 --> 00:12:54,840
Speaker 1: I like about Rembrandt and how gullible he was. Apparently

253
00:12:54,840 --> 00:12:57,520
Speaker 1: his students used to regularly punk him by painting fake

254
00:12:57,559 --> 00:12:59,599
Speaker 1: coins on the floor just to watch him try to

255
00:12:59,640 --> 00:13:02,959
Speaker 1: pick them off. I have to wonder, like how long

256
00:13:03,040 --> 00:13:05,280
Speaker 1: did this work for? I mean, I understand being gullible

257
00:13:05,280 --> 00:13:08,040
Speaker 1: and falling for it once maybe twice, but then you

258
00:13:08,080 --> 00:13:11,000
Speaker 1: start to get in there like why are you still

259
00:13:11,000 --> 00:13:14,440
Speaker 1: falling for this territory? But anyway, that's an amusing fact.

260
00:13:14,520 --> 00:13:16,199
Speaker 1: So I feel like I want to give this round

261
00:13:16,240 --> 00:13:19,000
Speaker 1: to you terrific. And actually I was gonna ask for

262
00:13:19,080 --> 00:13:21,960
Speaker 1: more money facts from our listeners, and we just got

263
00:13:21,960 --> 00:13:25,440
Speaker 1: one yesterday by coincidence from the wonderful Beverly Macintosh, and

264
00:13:25,480 --> 00:13:28,160
Speaker 1: this is what you wrote in In Britain, wealthy people

265
00:13:28,160 --> 00:13:31,000
Speaker 1: were usually buried inside the church under the stone floor.

266
00:13:31,280 --> 00:13:33,760
Speaker 1: As the bodies gassed off, the smell would come up

267
00:13:33,760 --> 00:13:38,080
Speaker 1: through the floor, thus instigating the phrase stinking rich. So

268
00:13:38,720 --> 00:13:41,240
Speaker 1: I love that. I feel like phrase origins are always

269
00:13:41,280 --> 00:13:44,439
Speaker 1: a little murky to to, you know, decipher, but I

270
00:13:44,880 --> 00:13:47,280
Speaker 1: really like that story and just how disgusting it is.

271
00:13:47,440 --> 00:13:49,960
Speaker 1: So that's a great story. Everly check your mail because

272
00:13:50,000 --> 00:13:52,160
Speaker 1: we want a pony express you something fun And for

273
00:13:52,200 --> 00:13:54,120
Speaker 1: the rest of you out there, keep sending in those

274
00:13:54,160 --> 00:13:56,520
Speaker 1: facts from Will Tristan, me and the rest of us

275
00:13:56,520 --> 00:14:02,600
Speaker 1: a part time genius. Thank you so much for listening

276
00:14:08,760 --> 00:14:10,800
Speaker 1: to the