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Speaker 1: Welcome back. It's a brand new episode. This is laugh

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Speaker 1: with Me, a podcast with Jeremy Otum and I'm your host.

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Speaker 1: It's j O. That felt very authoritative, authoritative, authoritative. It

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Speaker 1: felt very strong, like I was coming at you with

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Speaker 1: I'm your howl. Yeah. Generally I I all yell at

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Speaker 1: I fall back in my chair a bit, but not

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Speaker 1: this time. I felt like I hung a little a

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Speaker 1: little too strong there in the mic. So I mean,

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Speaker 1: if you felt if you felt that this intro was

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Speaker 1: a came at you a little it strong, I was

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Speaker 1: yelling at you in particular. I mean maybe maybe I was.

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Speaker 1: If you feel that I was in particular yelling at

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Speaker 1: you that there's probably some truth to it. But if

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Speaker 1: you felt like I was a little strong, yeah, it's

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Speaker 1: I felt the same way. Man. I definitely felt the

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Speaker 1: same way. Johnny. We gotta work on that little little

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Speaker 1: better intro next time. Maybe a little a little more chill.

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Speaker 1: We'll get there, that's for sure. We had a fun

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Speaker 1: one today. This one's full of facts. Johnny has out

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Speaker 1: done himself this week, as we bring you another brand

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Speaker 1: new episode of Laugh with Me that you can find

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Speaker 1: anywhere anywhere that you download your favorite podcast. Where would

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Speaker 1: I like you to, you know, download the episode? I mean,

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Speaker 1: go ahead and find it at the iHeartRadio app. It's free,

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Speaker 1: it's free, look up, laugh with me? And how cool

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Speaker 1: would that be to go ahead and hit the follow,

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Speaker 1: the subscribe, the always download new episodes, hit notifications for

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Speaker 1: when a new one comes out? Why not? Right? Get

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Speaker 1: that iHeart app going and it's free? Why not? What

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Speaker 1: do you got to lose? What do you got to lose? Johnny?

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Speaker 1: Absolutely nothing other than a little bit of space on

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Speaker 1: your smartphone or laptop wherever you listen. Turns out a

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Speaker 1: lot of people listen on their laptops, maybe at work.

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Speaker 1: I guess that would be my thinking. But you know

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Speaker 1: a lot of people, I guess they roll. They do

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Speaker 1: a lot of their entertainment on their laptops, maybe in

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Speaker 1: their apartments and their homes. I guess I just roll

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Speaker 1: at just about everything goes through my smartphone, you know.

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Speaker 1: But uh yeah, man, a lot of people, a lot

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Speaker 1: of people download and listening on the old laptop. But

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Speaker 1: that's not what we're here to talk about today. Today,

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Speaker 1: we're talking about the financials. Today, we are talking about pennies.

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Speaker 1: Why are we talking about pennies. Well, you know, the

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Speaker 1: Treasury here in the United States has decided that the

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Speaker 1: pennies are out. And I was actually, and we'll get

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Speaker 1: to this later on in the week, but I was

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Speaker 1: hanging out with the boys this last weekend, you know,

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Speaker 1: our regular on the show, Eric Larson. I was asking

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Speaker 1: him about pennies. I'm like, why why did the United

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Speaker 1: States just get out of the penny business? I mean,

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Speaker 1: I'm impacted by this because of my day job, but why.

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Speaker 1: There's gotta be reasons. Why did we just, at the

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Speaker 1: drop of a dime decide pennies are out, We're moving on.

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Speaker 1: And he was saying that there was other countries they've

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Speaker 1: been doing this for a while now, and basically the

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Speaker 1: cost of the penny to make them has now outweighed

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Speaker 1: the you know what it's worth. And then that makes

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Speaker 1: a lot of sense. That's a good business practice. Then

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Speaker 1: let's get rid of the penny. So we did, smart

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Speaker 1: guy Air Clarson. But it really got me thinking, and

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Speaker 1: it wasn't so much the impact of, you know, now

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Speaker 1: the change of rounding at work, because it really at

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Speaker 1: you know, at retail stores. It's really a thing where

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Speaker 1: now we're having a round up, round down. I mean,

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Speaker 1: how do you want to go about it. It's going

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Speaker 1: to take a little bit to get to clean. I

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Speaker 1: guess a clean math on that, because right now there's

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Speaker 1: still enough pennies out in circulation that we're making it work.

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Speaker 1: But no, I was been thinking about the penny because

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Speaker 1: that's the most common, I would think, is the most

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Speaker 1: common coin used to buy wishes. And you might be thinking, jail,

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Speaker 1: what are you talking about buying wishes? You know, you

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Speaker 1: go to the wishing wells and you toss in a

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Speaker 1: coin and you make your wish. And one would assume

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Speaker 1: that the penny is the most frequently used item tossed

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Speaker 1: into the wishing well. And I say this because pennies

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Speaker 1: the cheapest. You know, one cent also generally the one

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Speaker 1: you want to get rid of the most out of

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Speaker 1: your pocket if you got a bunch of them. But

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Speaker 1: the thing is, if the penny one cent is the

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Speaker 1: low end, if you were to throw in a quarter,

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Speaker 1: two quarters into the wishing well, I would this is

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Speaker 1: me just me talking. I would expect a better bang

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Speaker 1: for my buck and my wish. That's all I'm saying.

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Speaker 1: If I throw in more than a penny, I would

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Speaker 1: think I would have a better shot at getting this

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Speaker 1: wish to come true. That's just the way I've always thought.

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Speaker 1: I'm like, well, if chuck in a quarter, well, then

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Speaker 1: I better have twenty five times the possibility of getting

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Speaker 1: my wish granted. Because if the rate of getting your

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Speaker 1: wish granted is the same with the quarter and the penny,

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Speaker 1: I mean, yeah, everybody should be thrown in pennies. But

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Speaker 1: that's the thing they don't. And that's why I believe

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Speaker 1: that there is that there is a better shot or

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Speaker 1: a higher rate of getting your wish granted if you

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Speaker 1: throw in more. Now, with the penny essentially being eliminated,

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Speaker 1: everybody's going to be throwing in more into the wishing wells.

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Speaker 1: I do not see people not throwing coins in the

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Speaker 1: wishing wells still, like at this point just because the

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Speaker 1: penny's gone, No, I see people getting just a little

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Speaker 1: more aggressive on their wishes. Is kind of the angle

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Speaker 1: I'm taking on this one. But it did get Johnny

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Speaker 1: and I thinking, what do we even know about these

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Speaker 1: wishing wells? What do we know about these fountains? And

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Speaker 1: is there some truth to my thought process here? I mean,

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Speaker 1: what if I throw in a couple bucks. I mean,

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Speaker 1: I'm not gonna throw in the paper because obviously the

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Speaker 1: water is gonna ruin it. But what if I throw

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Speaker 1: in four eight twelve quarters into the wishing well? I

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Speaker 1: would assume I'm gonna have a better shot at that wish.

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Speaker 1: But not everybody sees it that way. So Johnny put

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Speaker 1: together some stuff here for us today. Johnny put together

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Speaker 1: some strong facts so that we can really take a

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Speaker 1: look at the wishing wells and to see if maybe

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Speaker 1: there's some truth, you know, to what I've been saying.

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Speaker 1: I don't know. I don't know if I've ever asked

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Speaker 1: for a wish or purchased a wish and had it

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Speaker 1: necessarily come true, or at least had it come true

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Speaker 1: within a reasonable amount of time that I could tie

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Speaker 1: it together to that now. I've wished for things and

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Speaker 1: hoped things would happen, and you know, ensure they have

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Speaker 1: over time, possibly, But never have I tossed in a

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Speaker 1: penny into the fountain wished, and then an hour later

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Speaker 1: it's come true. Would be interesting, though, to know if

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Speaker 1: that is something that has happened to some folks, because

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Speaker 1: I would imagine it has to have. This is a thing,

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Speaker 1: this throwing coins in wells and fountains has been a

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Speaker 1: thing going on for centuries now, but the game's changed.

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Speaker 1: Pennies are out here. We are, We're Nickolin, and we're

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Speaker 1: Niccholin diamondom now baby, but I just might be going

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Speaker 1: all quarter.

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Speaker 2: Let's see what's good, y'all. This is the Jingis and

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Speaker 2: Jones podcast if you talk with your homies and homies

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Speaker 2: is gender neutral about everything from the blog era of

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Speaker 2: rap to the latest and American politics, to which animal

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Speaker 2: is more athletic or rat or a squirrel. It's a squirrel, man.

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Speaker 2: I have some false information, but we don't got to

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Speaker 2: get into that. Go ahead, then our.

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Speaker 1: Podcast is for you.

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Speaker 2: Tapping with Jingas and Jones podcast. We dropped three episodes

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Speaker 2: a week and they're available on the iHeartRadio app, Apple Podcasts,

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Speaker 2: or wherever you get your podcasts.

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Speaker 1: Johnny, you would probably be surprised, or maybe you're not,

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Speaker 1: because you put together a lot of data for me.

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Speaker 1: It's just being true. Thank you for you just you

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Speaker 1: like Do you like it when I give you credit,

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Speaker 1: don't you? Johnny? Yeah? I thought, yeah, credit to you. Johnny. Well.

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Speaker 1: I was surprised to know that throwing money into fountains

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Speaker 1: and wells was actually pretty big business. Like you walk

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Speaker 1: by a fountain or well, you see all the coins

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Speaker 1: and you think, oh, there's probably a couple hundred dollars

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Speaker 1: in there. But then you think of all the places

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Speaker 1: around the world that people are throwing coins into. This

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Speaker 1: is really a major investment for some charities and businesses.

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Speaker 1: Millions of dollars per year is tossed into the water

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Speaker 1: with the hopes of getting the wish that they seek,

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Speaker 1: Like in particular, there's one in Rome, the Trivy Fountain.

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Speaker 1: I guess this is like the most famous of all

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Speaker 1: the fountains. Who knows how many wishes are being granted

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Speaker 1: this freaking fountain. But one point six million dollars annually

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Speaker 1: just in coins is tossed into this fountain. But a

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Speaker 1: lot of smaller ones can get anywhere from one hundred

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Speaker 1: to five thousand dollars per year, depending on you know,

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Speaker 1: the kind of traffic that runs through. But they'll go through,

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Speaker 1: they'll fish them out, they'll either use it for charities

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Speaker 1: or you know, a lot of times it's it's just

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Speaker 1: another wave of income people throwing them in. Hopefully they're

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Speaker 1: treating it right. A lot of wishes, a lot of

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Speaker 1: wishes that need granted from us. But the breakdown goes

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Speaker 1: like this and I and it's exactly how what I thought.

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Speaker 1: It's predominantly pennies, which is my point in all of this.

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Speaker 1: Forty to sixty percent of the coins that are thrown

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Speaker 1: into a fountain or a well is a penny. Then

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Speaker 1: it goes nickels, dimes, quarters, which makes a lot of

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Speaker 1: sense because the higher it goes, the less likely somebody

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Speaker 1: is to throw it in. Now my breakdown on this

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Speaker 1: is we're going to start to see more quarters. I

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Speaker 1: think people are going to start looking for more bang

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Speaker 1: for their buck in regards so their wish. Now that

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Speaker 1: the pennies out out of it all together, and a

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Speaker 1: lot of people aren't carring around a whole bunch of

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Speaker 1: nickels are heavier than a dime, they're bigger. I just

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Speaker 1: foresee us throwing in more quarters, thinking, you know what,

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Speaker 1: I'll toss in a quarter or two and I'm going

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Speaker 1: to better my odds here. But people will find foreign

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Speaker 1: coins in there too. About five to ten percent of

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Speaker 1: the coins thrown in are foreign, but the average this

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Speaker 1: is the This is interesting because pennies, of course, that's

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Speaker 1: number one. But the average value per toss anywhere between

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Speaker 1: eighteen cents and thirty cents. So some people are just

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Speaker 1: grabbing the change in their pocket and chucking it, which

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Speaker 1: I didn't see that coming. I thought people would be

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Speaker 1: a little more smarter with their wish, a little more

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Speaker 1: strategic with it. You know. I just in the past,

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Speaker 1: when I have tossed in some money into this bad boy,

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Speaker 1: it has been the penny. I've never considered just grabbing

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Speaker 1: a handful of change out of my pocket and chucking it.

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Speaker 1: But here we are. Now the chances of your wish

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Speaker 1: actually happening, and this is this is this is completely true.

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Speaker 1: It kind of falls anywhere between five and twenty percent,

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Speaker 1: and statistically it's it's around the same as luck. Okay,

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Speaker 1: so basically you are paying for some luck is what

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Speaker 1: you're doing with the wishing. Well, now, there's zero return

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Speaker 1: on investment on this, because a lot of people will

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Speaker 1: throw a coin in or and whatnot and ask for

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Speaker 1: like a million dollars, like that's what the average guy is.

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Speaker 1: In fact, the odds are fifty to one that when

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Speaker 1: a mail throws anything into the fountain, and I say anything,

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Speaker 1: because we're gonna get into it. There's some there's some

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Speaker 1: things going in these fountains. Fifty to one shot that

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Speaker 1: a mail is wishing for a million dollars, So they're

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Speaker 1: gonna turn a penny into a million dollar payday. Well

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Speaker 1: that's that's just not very likely, but it is pretty likely.

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Speaker 1: That's what they're asking for. Twenty seven cent average coin

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Speaker 1: value thrown into a wishing well. That's honestly, that is

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Speaker 1: way higher. Like that's that's the one that's blowing my

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Speaker 1: mind right now. Millions of dollars and one fountain alone

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Speaker 1: one point six I mean, I wonder so like golf

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Speaker 1: golf courses, you know there's people that all hop into

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Speaker 1: the pond and fish out all the golf balls that

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Speaker 1: go into the bottom. And I mean certainly the golf

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Speaker 1: courses will you know, use those for range balls. But

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Speaker 1: like just think, do you think there's also a whole

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Speaker 1: bunch of change in there are people using like little

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Speaker 1: golf ponds as wishing wells, little wishing fountain. Where does

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Speaker 1: it have to be one hundred percent like made for

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Speaker 1: it in order for your wish to have a shot

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Speaker 1: at it? I don't know, I don't know, Johnny, you

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Speaker 1: didn't give me shit on that. I'm curious to know

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Speaker 1: if if golf courses, because they're they're pretty wide open.

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Speaker 1: I mean, this could be a big business for people

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Speaker 1: to just start, uh, you know, start swimming, get some

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Speaker 1: get some money. I could. You know those people they say,

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Speaker 1: like it's not just you know, you don't have the

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Speaker 1: homeless people stay at the end of intersections or whatever

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Speaker 1: with the sign and you know they're down hard times

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Speaker 1: or whatever, and they're asking for money. And they say

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Speaker 1: a lot of those people actually aren't homeless, and this

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Speaker 1: is just like their business, Like they go out there

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Speaker 1: and ask for money and they'll rake in thousand dollars

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Speaker 1: in a day or a weekend or something like that.

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Speaker 1: Maybe this is it. Maybe this is a full on

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Speaker 1: business practice for some people. They're just hopping in wells,

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Speaker 1: hopping in fountains, getting pockets full of coins. I don't know.

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Speaker 1: There's plenty of money out there, that's for sure. And

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Speaker 1: other things. There's here's some things that they say they

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Speaker 1: found in fountains and wishing wells or something, you know,

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Speaker 1: very similar. Obviously, you're gonna find coins. Thousands of coins

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Speaker 1: from different eras and countries are found and that's the thing.

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Speaker 1: There's probably a lot of rare and collectible coins that

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Speaker 1: are tossed in there unknowingly, and then when they fish

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Speaker 1: them out, then they can redeem those for whatever it's

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Speaker 1: worth and come out even farther ahead. I wonder if

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Speaker 1: somebody not knowing, throws in a very valuable coin and

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Speaker 1: then wishes for something like maybe an A on a test,

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Speaker 1: and then an A on a test. Do you think

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Speaker 1: that's something that people Johnny, I never would have wished

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Speaker 1: for an A on a test. No, I asked for

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Speaker 1: like a million dollars or something. But like, you know,

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Speaker 1: let's say they did. Let's say they had a very

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Speaker 1: valuable coin, they threw it in, they asked for an

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Speaker 1: A on the test, but their wish is actually valued

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Speaker 1: much higher than the twenty five cents that they that

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Speaker 1: they think they threw in. Do they get the value

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Speaker 1: in which they thought they were throwing it in, or

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Speaker 1: do they get the true up value of the coin

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Speaker 1: for their wish and they'll end up getting like an

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Speaker 1: A on the class, you know, all together, instead of

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Speaker 1: just the test. I don't know, I'm spitballing here, but

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Speaker 1: people throw in all kinds of stuff they'll they'll they'll

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Speaker 1: actually throw in I joked about paper bills, you know,

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Speaker 1: getting ruined in there, but people will put them in

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Speaker 1: like ziploc bags and then they'll toss him in there

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Speaker 1: to try to protect him. Now, that's smart because that

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Speaker 1: protects the integrity of the bill and gives you better

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Speaker 1: chances of getting your wish granted. So I'm actually I'm

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Speaker 1: with you on that one. That's actually pretty smart. But

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Speaker 1: people throw in jewelry sometimes, you know, maybe instead of

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Speaker 1: going to the pond shop, they'll just chuck it in

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Speaker 1: there and try to get their value. And wish I

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Speaker 1: could see that there's people that'll throw phones into the

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Speaker 1: their smartphone into the into the fountain. I honestly, I

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Speaker 1: think that one isn't being done on purpose. I don't

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Speaker 1: see anybody just chucking their phone in there unless they're

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Speaker 1: trying to get away, you know, I see somebody having

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Speaker 1: their phone thrown in there by somebody else. I could

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Speaker 1: see that one. But if you're trying to stay off

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Speaker 1: the grid, and maybe like Jason Bournet, you know, that's

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Speaker 1: where I could see. That's when I could see you

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Speaker 1: throwing your smartphone in. But otherwise I just don't see

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Speaker 1: people are just too careful with their phones. I don't

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Speaker 1: I don't see that one happening me. A lot of accidentals,

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Speaker 1: that's for sure. But they'll they'll throw in photos and

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Speaker 1: try to try to wish, you know, for for things

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Speaker 1: for their friends and family. And I don't care for

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Speaker 1: that one at all. I mean, what does that do?

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Speaker 1: What's a photo? What's a photo? Give value to the fountain?

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Speaker 1: Because you gotta figure you're trying to give value to

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Speaker 1: the gods, to the fountain, to the wishing people, to

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Speaker 1: the genies. I mean, do the genies oversee these wishing

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Speaker 1: wells and fountains that this is pretty deep, Johnny, we

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Speaker 1: didn't even begin. It's a prep enough for this, Like

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Speaker 1: who's who's granting these wishes? It's I'm starting to think

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Speaker 1: there's some genies involved, or cousins of genies or something,

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Speaker 1: because who else has this kind of power to grant

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Speaker 1: these wishes. But though people are throwing toys, which again

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Speaker 1: I think that one's an accident. I just like, you know,

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Speaker 1: kids thinking then it's all fun and games. All you're

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Speaker 1: throwing coins in? Yeah, let me check my Matchbox car

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Speaker 1: hot wheels probably more appropriate than Matchbox. Some people throw

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Speaker 1: animals in, you know, but that one's on purpose. Don't

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Speaker 1: you think if you have you found a snake, a

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Speaker 1: snake would make a lot of sense. You're not getting

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Speaker 1: any damn wishes. That's where I think if you throw

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Speaker 1: a snake in, you're trying to take somebody's wish. That's

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Speaker 1: actually pretty sneaky. I'm actually here for that one. I

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Speaker 1: like that a lot. So that Trevy Fountain that I

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Speaker 1: was telling you about in Rome or wherever the hell

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Speaker 1: that was. They people have found a full bicycle sitting

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Speaker 1: at the bottom of that that that had to be

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Speaker 1: on purpose. But I mean, that's that's got to be

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Speaker 1: a prank. You know, people find Dencher's false teeth things

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Speaker 1: like that. That that again gotta be some kind of accident.

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Speaker 1: But my favorite would be the like fake human body parts,

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Speaker 1: you know, like putting mannequins and fake arms and stuff.

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Speaker 1: Put it down there. It's just you know, prank it.

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Speaker 1: I mean a statue of like Jason Vorhees, you know,

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Speaker 1: something like that where he's like looking up. That's that's

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Speaker 1: a hell of a prank. I'm here for that one.

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Speaker 1: Or you know, why wouldn't we use it like one

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Speaker 1: of those time capsules, you know, or those uh you

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Speaker 1: put the you roll up the note or the letter

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Speaker 1: and the bottle and throw it out to see. That

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Speaker 1: would be kind of fun to do that in these wells,

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Speaker 1: these wishing wells. That'd be fun because then you never

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Speaker 1: know who's gonna get it, and then you know, you

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Speaker 1: open it up and it's like chicken butt. That would

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Speaker 1: be funny. That's a hell of a prank. Hopefully that

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Speaker 1: has no impact on your wish or no impact negatively

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Speaker 1: on you because you're just trying to pull pranks. I

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Speaker 1: would hope. I would hope because I plan on doing

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Speaker 1: one of those. I actually like the chicken bowl one.

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Speaker 1: But the fact that thousands of dollars in coins is

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Speaker 1: being thrown into these major fountains every single day is

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Speaker 1: just so wild. I mean, it does go to good causes.

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Speaker 1: I mean, remember, most of these places are taking this

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Speaker 1: money and they're giving it away to charity. So this

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Speaker 1: is actually a really good thing. And I hope the

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Speaker 1: extinction of the penny does not hinder people from continuing

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Speaker 1: to give. I mean, you have to give to these

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Speaker 1: fountains if you were giving before, because it does appear

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Speaker 1: that they do rely on this to some extent. But

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Speaker 1: with that being said, if you are giving more, if

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Speaker 1: strategically you're looking at it and going I was giving

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Speaker 1: a penny and now I'm throwing in a quarter, well

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Speaker 1: damn it. Your odds to get your wish granted certainly

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Speaker 1: need to be higher. Well there you go. That's my

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Speaker 1: thoughts on the penny. I mean a lot of people

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Speaker 1: they think of the penny going away, and they're like,

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Speaker 1: all right, how's this impact retail? How's this impact you know,

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Speaker 1: the economy, you know, how's this going to change the

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Speaker 1: way we spend and buy and blah blah blah blah

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Speaker 1: blah forever. And I instantly went to, but what about

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Speaker 1: my wish? I don't know. We're all we're all a

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Speaker 1: little different, Johnny, We're all just a little different. We

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Speaker 1: got another new episode coming this week, Friday Happy Hour.

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Speaker 1: You're not wrong, that's gonna be. It's gonna be a

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Speaker 1: great kickoff to the weekend. Who knows, maybe, well be

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Speaker 1: this one design you Johnny.

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Speaker 2: Thanks