Macrodosing: Arian Foster and PFT Commenter - ARE BANKS A PONZI SCHEME? Ft. Barstool Finance Expert Tyler Morin

Episode Date: March 16, 2023

On today's episode the guys are joins by Barstool Finance expert, Tyler Morin. Tyler gives us an insight to the Silicon Valley Bank collapse and what is happening in the finance world. Plus we get into a few other good stories including a time that Billy rubbed poison ivy on his balls and when Arian's step dad almost fought Ray Lewis. And as always we answer your voicemails. Love you guys! (00:00:25) Macrodosing (01:20:45) Bank Runs (01:40:00) Silicon Valley Bank Collapse (02:52:15) VoicemailsYou can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/macrodosing

Hey, macrodosing listeners. You can find us every Tuesday and Thursday on Apple Podcasts, Spotify, or YouTube. Prime members can listen ad free on Amazon Music. A 13-year-old had $500. No, it was a... Okay, this is where it kind of gets weird. It was a father. But, like, you can see...

But, like, it was one of my... No, it wasn't weird. It sounds much weird. Billy, if this happened, it was a crime. It wasn't weird. If this happened, it was a crime. People forget, I wanted Taylor Heineckee for Matt Ryan, like three years ago. Yeah.

And a couple firsts. Maybe not a couple first, but a first. Can we just start the podcast with Big T saying people forget I wanted Taylor Heineke? Yeah. Like right there. Yeah. This is now macro dosing. That was on RIP, the dozen radio show.

RIP, big time RIP. The dozen radio show initially big if true. Yeah That's what it was called originally Yeah it was big of true We did a serious radio show For like three years Me Jeff, Ken Jack

Tyler RIP Trill Withers And And Liz Gonzalez Liz was the host of it Devlin was on there too Yeah And then then COVID happened

And so we took down All of our live radio stuff And then Jeff pivoted that into the dozen, which you guys are now, you guys know that you're going to tweet out when they do the Yeah, now I'm going to be an asshole about it on the Macrinus and Twitter. I didn't even know, I didn't even know that was the thing. Yep.

Hey, Big T. Yep. I really think we need to look at this, me and you going to games shit, man. Let's do it. Nah, I don't like that. There wasn't enough enthusiasm. Any game you want.

want to go to, I will go. All right. We're going to do this shit. So me and Big, we need a catchy name. Oh, for the video series? Yeah, just me and Big T might be cool. Me and Big T. T and me.

Couple Arians hanging out. That's not funny. That's not funny. I don't want that in the show. It's not funny. Oh, that shit's damn, bro. That's not funny. You wonder why people hate Democrat?

he's not a democrat it's it's uh i'm gonna get you a cert it's all it's i'm not a democrat not a democrat mad join the movement uh big t but you're happy about taylor heineckee on the falcons i think that's a great sign sure now my prediction would be he's going to be the starter i think he's going to be i don't agree with that you're going to love taylor heineke he's so much fun to watch i don't i agree with that i don't think he's going to be the starter at least to start the season When does that quarterback Netflix show come out? Summer.

He's coming out in the summer because I think something weird happened I'm just speculating with Marriota and him leaving everything and it's going to all be on the show but I feel like they drummed up some sort of drama.

Yeah, well he said that he wasn't going to he waited to get his knee surgery because they benched him and the Falcons were saying they weren't going to bench Marriota until the Falcons were out of playoff contention so that was a fucking lie They benched him before that

They should have done it about eight weeks before that No, no, because the South was so bad this year That the Falcons were in it Until I want to say three weeks left in the season Not I think it was maybe two or I think the only week They were out of it was the last week Really? Yeah

So they benched them either one or two games Before they were officially out of contention Correct, they should have if they'd have done it In the middle of the season they would have won the division Maybe And somebody pointed out on Twitter that the game that we were talking about where the Falcons Falcons so hard at the end

That was against I almost said the C word They were playing against The Los Angeles C words I don't say that name anymore Which it was like a That's right It's a

It's a unstoppable force Immovable Object situation That's right Which team is the most snake bit And once and for all We proved that it was the Falcons Why do you not say the Cwords anymore Because of what they did in the playoffs

When they blew that huge half-time lead Against the Jaguars And I had a lot of money on the Chargers That's a hard That was a hard R. That was a hard R PFT. It's hard. That was a hard R.

So I swore off saying or acknowledging the team as anything that exists. Ah, shoot. You know what I need? I need to chill out. Anybody know how I can chill out? I have a great idea. What's that? I would say our fans' favorite product, our favorite product?

Three Chi. Yeah. Good point, Billy. I might take some three Chi. I had some three Chi last night, actually. Oh, nice. I had three chi I went to go see the phantom of the opera it's on my list for things to do before I leave New York

let's just say I wish I had more three chee when I went to go see it very very tough to follow along also I have a lot of issues with the plot of phantom of the opera we'll talk offline about that nobody wants to hear me talk about the phantom but three chi was it was a godsend last night nothing like having a little three chi going to a Broadway show watching a movie watching TV just chilling out playing video games hanging out with the friends three she makes everything better i'm not a drug guy

i am a three chi guy of all the things in life one of the best has to be getting high wherever you want whenever you want without the paranoia of consuming some sketchy black market bunk what's the best way to do that well it's with three chee of course three chee has the highest quality cannabis products from their delicious delta nine edibles and their industry leader leading delta eight products to their new line of Delta 9-0. They've got vapes and everything in between. We absolutely love

3-Chi. When you buy 3-Chi, you're getting the highest quality. All their products made by a biochemist and they're giving 5% off. Is it 5% Pilly? I think it's a little more than that. Is it 10%? I think it's a little more than that.

Surely it's not more than 14% off. It might be just one more. They are. So they're giving 15% off the order when you use promo code macro 15 biggest discount they offer so go to three chee.com use promo code macro 15 take 15% off your order must be 21 or older to purchase please use it responsibly please please please use it responsibly all right we're back welcome back to macro dosing it is Thursday it is March 16th I hope everybody had a wonderful pie day mad dog can recite pie to 25 places because she's a freak

rip it real quick i want to see it in person three point one four one five nine two six five three nine seven nine three two three eight four six two six four three sick it's pretty good i didn't believe for the first time now i actually do and then what though and then what yeah that's that's that's where my expertise says by the quick quick fact check uh i got wrong finland in russia They don't do joint military exercises, but they do, their militaries do have relations, but they just haven't done it in the exact exercise. So, I mean, that's fine that you mix that up. The real question, though, is do they actually chew on reindeer testicles?

Yeah. That part was real. Yeah. Was there anything else you may have gotten wrong? No, nothing else was wrong. Nothing else was wrong. The mayor, the mayor, wait, wait, wait, wait, nothing. Set the table.

We were talking about the John Morant situation, the strip club situation. and Billy said that the mayor of Glendale, Colorado also owns the strip club. Now, that's not true. He did at one point. But his wife owns the strip club. Yeah, he had to, like, he trans...

When Jimmy Carter divested himself of his peanut farm. When Nancy Pelosi's husband makes tons of money on chips, on Vindia... Now, that part, I will... That's at least close enough that I'll give him that. It was the other part. He said, they're the only strip club

that's allowed to sell weed. Okay, let me pull this up. Which, it appears there's a weed tasting room, they call it, next to the strip club. No, it's in the lobby of the strip club. You said next to. Colorado's first marijuana tasting room to open inside a replica jail cell next to shotgun willies. Patrons at the smoke and gun dispensary in Glendale will be among the first in Colorado have a place to socially smoke marijuana when the pot shop opens on an on-site tasting room.

So it's a different business. Like it's a different business, but they're connected by a building. So you could. There's 80 businesses in this building. I know, but like basically, I'm sorry it's not exact, but the zoning allows it that you basically can walk out. I'm not the one that said you were wrong. There was some guy who said he knew. Yeah.

And you guys just take the random guy. You're a random guy. I found the random guy. I've sponsored all my random guys quotations. But anyway, that was a little contention. Because everyone's just No, you were just contentious because you've been on too many steroids to calm yourself down Okay, you just have been getting very mad. I like it

Oh, sorry, that was mean Spicey, no, get them, sorry, that was mean Pregnizone, pregnant zone Billy has been on a lot of steroids and drugs that he usually isn't on and it's affected his ability to Um, regulate his emotions. No, I just I had to take a bunch of Benadry How are your rashes? No, yeah, it's because of the rashes. I had to take it take a bunch of Benadryl over the weekend and then all of a sudden Monday came around they said after the weekend so you can go back to work switch from Benadryl to this other

shit which is called but how are the rashes they're gone down because basically I don't know they had something about antihistamines and steroids where like if you don't get the right balance the hives come back really bad I don't know doctors we still don't know but switching from Benadryl to Zyrtec is like going from like cough syrup to meth Like, I feel wired. You're buzzing right now? Yeah, I've been buzzing all week. You look, yeah, like, you look really, like, hyped up.

I don't know why. And you still haven't answered my question. How are the rash? They're working on it. It's a work in progress. Can I see you're back? And you, I, I, they like, for example, like, when you started on the high pregnant zone, it all went away, but then, like, later in the day, it would come back.

It's like, it sucks. And it's all because of the World Economic Forum. Obviously. Yeah. I saw a video of someone. You should blame wokeism. saw a video of one dude from the World Economic Forum talking about how there's ticks that can make you allergic to red meat and that could play a way in reducing red meat consumption. And I got bit by one

of those ticks and I might be either allergic to red meat or I have some other allergy, but I did get bit by those ticks. So I'm getting attacked by the World Economic Forum. I love it. I was wondering if there was a way that you could tie. Anything bad that happens to anybody on this podcast, I'd like them to figure out a way to blame wokeism. I'm half joking. All right. What are we blaming wokeism for today? I smell bad today. And I took a shower. Here's, I don't know what's going on. Hank might be right about the whole deodorant thing. I took a shower this morning, scrubbed nicely, put on deodorant. I even did a spray of cologne, which I rarely do. And for whatever reason, I caught a whiff of myself walking down the hallway. I don't smell good. It's like a, I can smell the deodorant smell. But I think the cologne and the deodorant, it clashed. It's having like a knife fight on my body right now I smell bad I don't know I don't know who's to blame for this

It's got to be the wokes Are you Are you blaming the deodorant? I don't know what I'm blamed I don't get this bit It's not a it's not a bit I need to figure out how to blame wokenism Like smell me Come smell me and tell me I don't smell bad

I'm clean but I smell bad today Does your deodorant have aluminum in it? Yeah heavy aluminum Okay so that I don't know That was my only thing Oh you thought it was like a it might be the shirt too Maybe it's the material of the shirt. Have you washed the shirt in a while?

Yeah. Well, have you? You might just be dusty. You might just be a dusty dude. No, I usually smell great. Wait, are you woke? So you are to blame. Yes. Yeah, so you are to blame.

Why? Because you're woke. You're woke and you smell bad. Yeah, okay. Oh, yeah, okay. You're woke and you smell bad. I usually smell great, though. No, you're extra woke today.

I woke up on the wrong side of the bed this morning. Yeah. Why is Josh Jacobs tweeting? This is sad. I don't know, probably because they lost Darren Waller. Okay. Very timely. This is coming out on Thursday, by the way, just so you know, Billy.

We're recording on Tuesday. I'm going to be traveling to Columbus, Ohio, doing some stuff for March Badness. I'm excited about March Madness. New York City of Central Ohio. Is that true? Are we going to do a bracket as a podcast? We should, yeah. Let's do a bracket challenge.

I never got my probably. We still ain't squared up the last. I'm saying, yeah, we still ain't squared up the last bit. I'm saying. Oh, that's right. What was it? We all owe Mad Dog Crown Royal Apple. Yeah.

Yeah. Was that from last year? Yeah, that's last March, I thought we, we got square that shit out. I thought we drizzly. I thought we. Well, Maddie, I think we good.

Yeah. You got to show money. We got. We got. Just buy a crown for me. Okay. With that. Okay.

All you all need to square that at all. Yeah. It's like reverse Venmo. Okay. So, so what, do we? we want to do another bracket challenges here yeah we can all right let's start a group who wants to be in charge of the group big t no what do you mean the group big t like setting it up on yahoo or espn or wherever oh this is out of my wheel house is that a thing i'll do it i'll do it this is

beyond your skill level bill i always get someone else to do it i'll do it get chat gpt to set it Yeah. All right, yeah, Billy, set it up. Make it open so anybody in macrodosing wants to compete. What are we given the winner? They can come to New York and sit on an extra dose. Billy will give you a billion dollars. No.

I don't need, what? If you get a perfect bracket. I'll give you all my pie. My pie coin. We'll get into that later. Okay. Or what would be an appropriate gift? for the winner of the macrodosing pool.

A shirt. That seems like... Now, that's thinking out of the box. A trip to shotgun willies. I mean, all of Billy's ideas involve these people spending money. Like, he's costing them money if they win. That's true. What?

I will buy the winner. I think a trip to shotgun willies, like a gift certificate to shotgun willies this trip club or like the smoking place would be hilarious. I will buy the winner a terrible. gift of my choosing. We can send them three chee. I will, yeah, there we go. We'll give you a three cheap prize pack, and I will also be purchasing you a terrible,

awful gift, a stupid gift, the dumbest gift I can think of for under, under $50. How about that? That's what the winner gets. So it's both. It's a prize of not knowing what you're going to get, and three chi. A lot of three chi. A lot of three chi. All right.

So Billy's going to be sending that up, Billy. tweet that out when the show comes down. use do we Yahoo? Yeah, go Yahoo. Yeah, people use Yahoo. Is that kind of ruffle any feathers with anybody? I don't think it's going to ruffle any feathers. This might ruffle some Billy feathers.

Oh, no. I read an article, Billy, about your beloved gladiators. This has been debunked. You don't even know what I'm going to say. I know exactly what you're going to say that they're fat in vegetarians. That Roman gladiators were vegetarians. Yeah, that is, that is rewriting history.

it's basically it's called writing history no it's rewriting history they're trying to erase meat eaters why is that why do you think that this is not true they're basically

tear down straight white men no it's not straight white men gladiators were definitely gladiators were definitely not they were definitely a little more olive skinned people like the Roman it's actually really cool

they like did the genealogy of like the Roman Empire and they were like much more like Middle Eastern than like what Hollywood portrays so why are you saying that they weren't vegetarian because they they they basically the the stool samples they found were of all of like the people they're feeding to the lions so they all they had was like gruel like they weren't the actual gladiator like to find the

gladiator poop you'd have to go on to the glad like look look where they found the poop it wasn't poop they they looked at their bones there's bone samples but that has to do with them being just fatter. Read the article. Okay, with the help of a sonar, they could establish the chemical concentrations inside cells and the bone samples taking from the skeletons at a thesis.

From this, they could deduce how much meat, fish, grains, and fruit made up the diet of the Roman fighting machines. A balanced diet of meat and vegetables leaves equal amounts of zinc and strontium in the cells, while a mainly vegetarian diet would leave high levels of strontium

and little zinc. the bone density here was higher than usual so yeah they they looked at the bone samples and determined that they ate higher than usual concentrations of vegetables that's because they're on the Mediterranean diet which is fish right so they're they weren't vegetarian they just had a lower amount of high red meat diet like if you like if you look at ancient Rome like the agricultural but like if you looked at the Mediterranean diet's been like well studied but like they definitely had like they ate meat to a certain extent but they just the variety of their diet was mostly like cereal it says they analyzed the skeletons of 70 gladiators and they said they

ate mainly barley beans and dried fruit cereal yeah yeah so you could say but you could say the same of like a lot of people today yeah so they put the gladiators the guys that you look up to didn't eat a lot of meat that's what i know a lot of people today are soy boys i know we're assigning me this like i'm like like no this is your goat like meat die like i like my gladiators well that's why they lost because they're dead that's a good point all the winners you didn't find their bones you didn't find their skeletons yeah they're alive they they won their freedom because they were eating only meat and uh they're now like like look at the the the gladiator the the gladiator trainers those were ones who won their freedom they worked the

gladiator school i'll be honest if i was a gladiator that won my freedom the last thing i would want to do would be to train other gladiators yeah i would get i would get out of the game like sparticus spartacus didn't have you know sparkis didn't have his bones analyzed because there's no bones to find those are all losers yeah where do you think they found those bones true gladiator is an awesome movie by the way i watched it again like i want to say six months ago Ray Lewis used to say that he watched it before every NFL game

so during Pop Warner I used to watch Gladiate it before every Pop Warner game when I was in middle school To be like Ray? Yeah I was like This is the only way

To get in the zone Yeah Aaron were you Were there any linebackers You were afraid of Like were you afraid of Of Ray Lewis? No I'm not afraid

Like scared Does it mean by scared Like was Were there one or two guys Where you're like Man I wish I wasn't playing Against this guy no I didn't I mean there were dudes you respected like if you play against Patrick

Willis like he'd kill it like you respect his game but like I never thought of it like I mean I'm sure there are people who have been afraid but I never was like oh that's Ray Lewis I was like he put his shit on one leg at a time one foot at a time just like me you got to see me like I'm nice that's how that's how I rationalize it in my head is like you got to see me do you think there's anyone with that mindset that PFT is talking about who's ever made it to the NFL who like has that like oh like you're warming up for your high school game you look across the field and they're like way bigger than you like that fear complex not the not the bigger thing yeah i i i've never seen that the bigger the bigger thing in high school you know pee we like yeah

that that that should be very prevalent i felt that yeah and as a as a little kid but i think once you i don't know once you reach that level it's like nah i mean you have admiration for the cast, but yeah, you ain't like, that's Ray Lewis, nah, fuck that, and that's my guy, but it's like, at the time you know, you're like, fuck him. Like, you're going to run through his face. Nah, that's not my style. I'm gonna, I'm gonna

make him, make him try to make him look silly. There was a, there was a great running back that was afraid of being tackled. And it might have even been Barry Sanders. And that's why he was so good, just because he was afraid of getting tackled. Afraid? I might, I don't know. I might be making that up with Barry Sanders, but there's

a, there's a very good running back that's said that he was afraid of being tackled. Could be the case, but I mean, all I can speak to is my experience. I've never seen anybody or heard anybody, but yeah, I'm scared. I'm afraid. And I definitely wasn't. But you have, oh, I have a funny story, actually. Well, it's not funny.

Billy Earmuffs, nigger. Last story I told you was on my bumper. I was not. Anyway, I was not. Anyway, anyway, anyway, fan. You feel cool when Aaron was at the Pro Bowl. What? When Aaron just said that.

too we're like yeah what he said what I said nigga oh anyway I anyway

LIG it man LIG it anyway we had to pro bowl 2010 it's my first pro bowl

and and I'm there I flew my whole family out so like whole pro pro pro pro check gone

like 20,000 flights in hotels but it was a great experience and so we at the bar well that wasn't me

it was my stepdad who's cool the shit he's a geneticist he cool as shit and one of my best friends I grew up with Simon

made a little Mexican cat and so they're sitting at the bar and Ray Lewis is sitting across from them and he goes and he's just staring at him and it's funny as shit hearing my stepdad tell the story

and then so he looks to Simon he's like Simon I don't know what's going on man but Ray Lewis is staring at me and so and so Simon's looking and he's like oh shit he is he's staring at you you. And so

he just keeps staring and it's Ray Lewis, right? They both know Ray Lewis and it's like, but like Ray Lewis for some reason is staring. And and then Furman goes hey Simon, if we have to fight like, are you down? And my dude

was like, fuck it, let's go. Like it was really down to fight Ray Lewis. It's hilarious. And so later on, my mom comes down joins him at the bar and my mom's like what's going on she's like he's like you see that guy she's like yeah that's ray louis and uh and they go he he was he's staring at us and like it's it's something

something's weird man he like wants to i don't know and so my mom's like she goes over there she goes hi i'm arian foster's mom and his whole disposition changed he's like oh shit how you doing he hugs her he's like he's like this is my husband and that's his best friend he was like hey man i was about to wring his neck man he all fell out laughing though what was funny what was he mad about i don't know what i don't remember why I'd have to call him and ask. I don't remember why I had to be... Should I, should I face them?

Yeah, yeah, I want to... Ray Lewis or your friend? I can do both, but I'll do... I'll face-time my stepdad because he tells the story funny. That's terrible. Yeah, I would not... I would not be ready to fight Ray Lewis. I'd be like, whatever it is, Ray is right.

Yeah. Hold on, let me see. Let's see. Hey, I got a question, man. you are my podcast but listen just listen listen listen do you you remember the story about ray lewis with you and simon yeah okay how many stories about ray louis do you have all right why was he staring at y'all in the first why was he staring at y'all in the first oh this nigga hug up hold on hold on hold on he gets moody sometimes hold on

Why was he staring at y'all in the first place? Well, why was he saying I was going to ring your neck? I was staring at them. Hello? Yeah, what did you say? I was staring at them. Why was you staring at them? That's what it was, H.B. Peterson and Ray Lewis.

I kept looking And I said, you know I recognize you You know You're my favorite running back Mm-hmm Got you You got a place

Where the NFL players Where at the safety place It hit me You know, I think you know I shouldn't be staring And he was like And this when it started Got you

Got you. All right. I appreciate you, man. All right. I don't know if I can hear that, but he was basically saying they was at the bar and he was staring at them and then that made them like, what the fuck is the problem? And he was like, oh, shit, I forgot that, you know, we at this place where, like, all the players are and they're kind of like, it's kind of like chill, like it's kind of known like family

don't ask people for pictures and don't like harass people or whatever because they're there in Hawaii trying to enjoy their time. And so he was just like staring. that Adrian I forgot Adrian Peterson was there too and Ray Lewis and then my man Simon was like hey if we got a roll we got to roll and then my mom came and diffused the situation and she was hilarious though it's a it's a funny story of my family yeah Ray Lewis probably the last guy I would want to get into a fight with yeah we're not fuck with that guy I actually I know a girl that went on a date with Ray Lewis oh yeah yeah she said he didn't make any sense okay now I'm interested

Well, he's, he, he, he, he, he, he, he, he, he is the undisputed king of talking. And then when you listen to him talk, you get wrapped up in whatever emotion he's trying to convey. And you're like, nodding your head falling along. And then if you were to read a transcription of the words that he actually said, you go back and read it later. And you're like, well, I have, I have, I have no idea what any of this means, but he had me, he had me right there with him. I was there. I was there. I was, I can't imagine Ray Louis being like nice and chill after he retires he's like playing board games with his family i can't i can't picture ray in any other mode but just like ultra competitive like slamming the

pieces down amping himself up doing a little dance he just seems like a guy that doesn't have a chill mode does he do is he like on any like does he commentate or anything oh i think he might be on inside the NFL okay right i'm not sure i haven't seen him in a long time really yeah i don't watch inside the NFL though so i don't know yeah i think last time i seen him personally i think last time i seen was at some event that we chapped it for a little bit but i think after that it was it was when we was taking a knee and my man's went on and went on two knees yeah and said it was for god and i remember that yeah he took the second knee for jesus i think that was in the london game

Is there any linebacker that you remember that you, like the best pass block of your life, were you laid a dude out? Why, where I blocked them? Yeah. That was never my style. It was never like, my thing was just getting their way. Block them for three seconds and do your job. I was never like a blow them up. That's just never my style.

I love running backs when they do that, though. Like Clinton Portis used to lay dudes out. He would look at that as, like, his time to hit them. M.J.D. I remember, I think he might have laid out Sean Merriman. Like, knocked him out. That was, that's a well-known, very well-known clip. Majority time, runnybacks do that, it's never, like, head up.

That's the thing, though. Like, linebackers ain't no hole in NFL. So it's like, like, for that instance, like, no, I mean, no, no shade. He did that shit. But it's, it's, like, usually comes off of full-back. like will fake yeah right and they'll go on a route and then behind them is the tailback and so like the lineback's kind of like bracing for the full backs cut usually what happens is like either linebackers or dns are bracing for somebody's cut and running backs come in

or they chip running backs chip a lot and so if you could chip you can get like a little cheap shot on yeah they get them from the side get them a little bit off balance and then just lay them out those are my fit I thought about that shit and so I just love watching past protection highlight reels you'd be like one of the only one yeah i am it's just something that i guess only i care about nobody else i've been doing it lately just because everyone's saying kelsey being like the best tight end ever i just replay gronk pass like gronk blocking highlights and a lot of them is in pass protection yeah it's just like Kelsey doesn't do this yeah break people's necks i would yeah i mean i'll be honest if i was on the field i would have arian's mentality of just like

just get in their way try to survive don't be a hero yeah what uh arian i have a question to ask you about maybe maybe getting back out on the field putting the cleats back on would would you have any interest wait you didn't you didn't let me finish you're right i did not in becoming a referee an NFL referee yeah that might be fun i i think it would you don't you don't hear of players transitioning into being referees, especially not professional ones. But didn't Richard, Richard Jefferson did in the NBA,

didn't he? He looks like a ref. I think it'd be like, they let him do it in like a summer league game or something. But he's on TV. I don't know if he's trying to do that, like, for real. Yeah, I remember him doing some try to, but I don't think anybody's done it for real, for real. Because it'd be fun of shit. I think the players

would know better because they've been in that position. They've been on the field. They'd probably have some insight that other refs wouldn't have you'd be able to I would never I'm just saying right now they're probably not going to hire me because I'm saying this right now I would never throw a personal foul flag if you're fighting I'm just going to break the shit up if you talk funky to me I'm just going to talk shit back if you bump me I'm just like hey watch yourself player I might bump you back but I'm never throwing that flag I'm not like never like never like it's a different

sport but who was it on the warriors the other day who got a tech for, they call a foul. Probably Draymond. It wasn't, it was, I don't, I don't want to say the name if it's wrong. It might have been Jordan Poole or somebody, I forget, but he, they call a foul, he gives the ref a bounce pass, very, you know, just bounces the ball to the ref. And I guess the ref thought he threw it a little too hard or too low or something, and he calls a technical foul.

It's the most insane thing I've ever seen. That was Jordan Poole. Okay, that's who I thought it was. Pool whistled for odd technical foul on bounce pass to ref. He was literally just giving him the ball. A lot of refs are soft, dog. A lot of refs are just like, little baby cries, man. Like, you fuck out of here, dog.

Like, you're playing a sport with, like, men who dedicate their lives to this shit. It's going to be emotional. Some shit they're going to say some crazy shit. Just take it. Or, like, don't sign up for that shit. The fuck out of it. I hate that shit. It's like when teachers feel like they're getting disrespected.

but it like it wasn't and they just like get you in trouble for some shit like the same thing with refs like even even i don't know if i can co-sign that one no but like you know like kids are assholes kids are i was an asshole that's it i'm watching the clip right now that's an awful call that might be one of the worst calls i've ever seen how awesome would it be though to see arian and the stripes and like a running back breaks free and they run to the end zone of arian sprinting down the sidelines faster than they are right there witty yeah that would be we should get you involved i'm sure i'm sure the nfl would would be down to have like arian go to ref school try to work your work there'd be a great series if we did a video series on airing

erin becomes well what now you know position of ref would you want to be uh whatever the ones on the sideline line line judge line judge side judge yeah probably that yeah i want to want to i'm definitely not going to be over the ball hell no that's too much i just want to be on the side chilling I want to hear the coach in my air but you know I'll talk shit back to the coach if he talks shit to me now you know who sometimes needs or will let do like celebrity refs and stuff like that are spring games at colleges yeah so maybe if we knew of a college where maybe we knew a couple people who could maybe facilitate something like that maybe that could be a good place to start jam you

The vaunted JMU spring game, the purple and the gold. That could be good. I'm actually, I think I'm going to go to the spring game this year, big team. Hell yeah. Josh, is it Josh? Dobbs, the quarterback. Yeah. He texts me and said he is having like a golf tournament.

He has like an annual golf tournament. So I told him I was going to check the schedule. I did check the schedule. It looks like I'm free and a couple of the homies is pulling up, so I might pull up. Nice. We should definitely get you involved to a certain extent as a referee, though. That would be amazing. I think we're going to find out that it's a lot more tight-knit, buttoned up than we think.

Billy's right, respect the badge. No, no, I think it's going to be like, they don't want anybody. Because like, refs are weird. Why are they part-time? Like, how do they get selected? A lot of nepotism there. Probably. Where do they hiding?

Some guys have to work their way up, go through high school, then college, then professional. Although I feel like a lot of college reps just stay in the college. game like NFL Hey Billy do you know who Eddie Bravo is Eddie Bravo Johnny Bravo Eddie Bravo oh is he the Jiu Jiu Jitsu guy on Rogan Yes he is the Jiu Jitsu guy on Rogan

Yeah You are walking In his footsteps Not with Jiu Jitsu Could be But with what It just I mean a lot of it's a bit

but any conspiracy he just wants to feed you know at any cost I do you're the script guy yeah actually you're the script guy I don't think it's a script

they might hesitate to give you a position yeah you're the script guy over there that's PFT man I took a bullet for him I'm still waiting on compensation for that debacle it would be funny though if you got into like being an actual NFL ref and then every time

somebody was mad at you for anything they've got that long That's a long clip that they can put out there. Oh, yeah. I didn't even, they will definitely never hire me as an NFL ref. Now I'm thinking about it. Maybe college ref. Maybe Aaron could be a college ref.

I just think it'd be interesting to see how it goes. I kind of agree with Billy's point. Well, no, this wasn't really the point he was making. But I think that refereeing games is a lot harder than we give him credit for. I think the game, it moves so quickly. And they're watching it, and we get to watch it in slow-mo. And so you see all the small details. That shit must be impossible to do in real.

real time. Like see if a wide receiver got two feet down as they're making a catch on the sideline. That shit's got to be really hard to do. Not only that, I mean, there's so many different positions. So you have to watch for holding by five different guys, six different guys in off-size. There's so many different infractions. It's shit is not easy, though. I remember one time, I reft an intramural basketball game when I was in college. I was refing an intramural basketball game and sometimes I just forget I was the ref and I just ended up watching and they was like come on ref call it and I was like you're right that was a foul but it's too late now I can't call it it's just like you just forget that aspect of it's like it's not easy man seeing all that

shit it's a lot going I mean you could call a play I mean you could call a penalty on every single play probably like if you look back intricately and that that's why it's kind of like it's like when are they going to call the penalty I feel like there's like stuff we don't know about that goes into prepping for games for reps where they're like okay today we're calling this today we're calling that if we see this in the fourth quarter we got to call it because of this thing from last week no they don't no they don't do that they emphasize shit they get shit handed down from the league office and we get word of this so like they'll emphasize hey we have an increase an influx of holding calls in this in this particular situation we have to emphasize this

with you move like they have it like that um i think i've already said like so like we'll have like they have crews so like you end up knowing the crew like you see people and they they all uh reff together and they have tendencies and you know those tendencies it's like they have a higher defensive pass interference tendency these guys call offensive pass interference way more than any other so like you start to know that kind of stuff but they do have emphasis is emphasis emphasis that come down from the league um but they're not like we're going to call this more I don't know that that would be scripted yeah

I once reffed a youth lacrosse game and I was going to like going into it I was like I want to let the boys play and it really devolved really fast yeah so there is there is there is there is merit to law and order you were players ref I was like yeah slide just let them at it like if you want to do a hard hit

but then like once once they realize that I wasn't calling shit they like the boys got after it and I had to like reestablish the game like I was like whoa like People like, it devolves much faster than you think. I would love. From my limited ref standpoint.

I would love to see that. I mean, they said, call the ref. Like, man, the fuck I was. I was literally, wasn't that hard. Let's go. I played a game. I got into a couple altercations with some intramural basketball refs in my time at the University of Tennessee.

Yeah, were you banned? No. I do think I had one technical called one time, which was bullshit. Because at the end of the season, they had this sportsmanship rating. that like it affected your playoff seating if you had a technical foul called on you during the season it was a whole thing but they were terrible for the most part

one of them was one of my best friends who would intentionally officiate me like I was shack I mean it was nonsense I could get hit in the face and he wouldn't call anything is backing people down oh I mean it was there were no fouls unless I was on defense then there were fouls but you were known as a problem at the university

I'm sure in the intramural ref group chat my name was brought up yes that's awesome that's all I would love to tee you up I'm sure yeah big technical yeah big technical you should talk to bin lock he did too bin laden bin locked oh yeah

I was a referee for uh for youth soccer when I was a kid and I was not to brag got 100% on my ref qualification test so I know every rule that there is but I don't know if I should tell this story well you've already started telling it okay I'll tell it the guy that was in charge of scheduling all the ref all the different games with all the different refs

in my hometown I would work with him frequently as a linesman he'd be the head referee and I worked with him for probably I don't know two three years between the age of probably 12 to 14 13 to 15 and then he had to resign because he got arrested

for child pornography and he never put the moves on me so like what am I am I chopped liver over here oh man shut your ass he never acted inappropriate

towards me and then that I had to be like well maybe I need to hit the weight room I don't know dude that's when you said you shouldn't tell the story what she meant was you shouldn't tell the joke

yeah probably he was also in the CIA and he did he did like the child porn stuff on a CIA computer not a great not a great idea that's an all time moron move yeah I guess he wanted to get caught to a certain extent

you'd have to yeah that was that was bad maybe I shouldn't have told that story no the story was fine anyways you're going to use a billy transition here anyways big T you teed off about anything

not since yesterday i don't think okay you've had a pretty clean day pretty clean 24 hours yeah for the most part okay everybody happy checking in with everyone in the room bill you good mad dog you good i was thinking about something but i forgot so you could have been that bad no but that happens yeah i'm good yeah i'm good okay billy let me see that back one more time okay i am can we i don't make my health too much content but it is getting a little annoying that this thing won't go away yeah it might be red meat

I would imagine like that sucks but if it's red have you stopped eating red meat no because I can't I accidentally eat red meat all the time that's a wild thing to say no like actually he's addicted I'm literally you

you accidentally eat red meat yeah because I was I was like you trip and fall and swallow a state I literally I literally was like oh I'm gonna I actually since it we went to that ramen place I've been getting into ramen recently because it's like pretty affordable high protein content no gluten because they're thinking of gluten or something I can't I can't believe I become one allergic kid I like I used to make fun of them so much growing up now I'm like one of these kids like I was like you didn't play in the dirt enough as a child yeah and now I'm like getting caught with all this but I think it's the new world order is trying to kill me with this tick you're experiencing empathy uh yeah When it wasn't happening to you, you were like, that's, that's your fault. And now it's happening to you, and it's a global conspiracy. Yeah. Yeah. Yeah. Yeah. Exactly. All right, Billy learns empathy.

No, but I just like, I don't know. I was like, like pork, that's not technically red meat. And then I was like chicken, like, oh, it's just. Yeah, pork's the other white meat. No, no, pork has got the alpha gal in it or whatever it is. I don't know. But if I think it would be a good series because apparently there's some, acupuncturists who claim they can cure the alpha-gal allergy through acupuncture in your ears. So that might be a cool... I'd pay for it, of course,

but it might be a good serious to see you it actually... Wait, wait. If it actually worked. I just wanted to say, put that out there so you guys are like, oh, you're going to try to get us to pay for your witch doctor? You think I would... You think I was about to volunteer that we paid for you to get your...

I wasn't going to expense the fucking acupuncture. But it would be cool to see if it actually... work. I mean, the ear has a lot of different pressure points on it. Yeah. My grandfather used to carry around on his keychain. It was like a human ear. It was fake, obviously. It was plastic. But it was a human ear that had all the, it had probably hundreds of little points on it with the Chinese symbol for whatever that point meant. Chinese really believe in the power of manipulating your ears. I've been seeing some stuff that like people have been cured of alfagal allergies from this fucking tick, which I Which you swear to God.

Which you might not even have. I know, but like, dude, I've never been too allergic for anything in my life. And then back in July, I got bit by these ticks, which I then, like, try to figure out because I thought they were gnats. And then, like, there's no gnats on Long Island and then find out that there's this tick-borne allergy that happens when you get bit by this one type of tick. And then, like, you read up about it. And then all of a sudden, I'm getting allergic reactions seven months later. You should have played in the grass more. I know.

It is a work-related injury. Wait. Where did you get bit by the tick? long island if you look up blown star larva i got bit what were you doing you're playing frisbee golf oh yeah i mean i was covered in bugs that entire day too i know but did you have i didn't get it because i'm strong i know the thing is i i was a dumb ass and it's just chucking as far as i could and i was like okay let's just like shoot stuff from the woods is a bit and this is my fault this is this is great this is great because now now billy's pivoted to the reason that he got the tics is because he's so

strong that he was throwing the frisbee too far no i mean i'm just it's just so annoying because the one day i don't wear boots in the woods i get fucking bit up you were barefoot no i had sneakers on oh i was like yo yeah the one day i don't wear boots in the woods i always always wear boots in the woods yeah but it's actually pretty crazy did you where did you get bit by the i got bit by a bunch of larva all up so like basically there's like a bomb that goes off and the larva just explode onto your leg and just bite you a thousand times and they went all up my leg like i remember remember what it happened was my fire fest for like two weeks yeah and now i think i'm i'm getting hit because so what happens is they like hold a certain sugar that's called the alpha cow sugar molecule that's present in all red

meat and they insert it into your body and cause an immune response to the bite so your immune system starts to attack the sugar molecule that you've been consuming for like your whole life but since there's like an allergic response to it you then build up antibodies that attack the molecule whenever they see it

so if you eat red meat you start getting allergic reactions so it's like the weirdest thing it's like literally turns you vegan so that sounds cool I just don't know if I believe it is true you can look it up look it up I mean I don't want to look at up I don't it's the lone start

take it's because I've never been allergic to anything in my fucking life. I literally used to like like you can develop allergies. I know you can also lose allergies. Some people develop allergies to like poison ivy later on in life. Never was allergic to poison ivy. I as a party trick I used to rub it on myself in front of my friends. I literally won. I actually this is a weird story. I basically got $500 to rub poison ivy on my nether regions and was fine. I you won $500. Yeah. I literally said, I'm not allergic to poison IV than $500 is actually

Kind of simple It sounds weird When you say nether regions Are we talking Are we talking D&B Twig, berries or butthole? Everything

Oh not not Not You didn't use that as toilet paper No But Oh my God Millie If you're really

About that life You would do it I wouldn't do it again And I Tell my Tell my time Tell my time I

Hold on I've never been allergic to anything You said Hold on Cause hold on You said As a party

trick I took poison ivy and rubbed it on my balls you saying y'all are all at a party and somebody said hey you what you said party trick it's outdoors i was honestly it was a little it was i was much younger in the situation which kind of makes it a little weirder but it wasn't basically i i've always been like in i had people who always got poison ivy i never got poison ivy so i was like that's not what that's not the so i was like i was like i was like i never got poison ivy what was the situation to where somebody was like hey i bet if you rub this

on your balls you'll get itchy and you was like nuh like what was the situation the situation is i'm basically right now like i am like i'm like someone got poison ivy yeah they're like don't go in there there there's poison ivy i'm like i never get fucking poison ivy and they're like what the fuck you mean you never get poison ivy i was like i like i'm not being a dickhead i'm not like i'm like i'm tougher than poison ivy i never get poison ivy and then the guy was like oh yeah rub it on yourself. Like, I'll fucking rub it on myself 100%. He goes, like, you won't put you'll rub poison ivy on your fucking balls for

like, I'll give you $1,000. Like, you won't fucking do it. And I was like, I'll fucking do it right now. And you talked him down to $500. I don't even remember. I think it was like he said, okay, 500, because that's what he had on him. And I, like, it was also How old were you? I was like 13. A 13 year old had $500.

No, it was a, okay, this is this is where it kind of gets weird. It was a father. But like you can see it But like it was one of my No, it wasn't weird It sounds much weird If this happened it was a crime If this happened it was a crime

You said You said a father No Was this guy a old To work boys and odds This sounds much worse Was he a youth soccer referee This sounds such

No no Okay you know what You guys are weird For thinking this was weird It was dudes There was guys being dudes It was a fucking barbie you, everyone was chilling.

Billy, I'm going to give you one chance right now to say this didn't happen. It, I, dude, it wasn't weird. You were 13. It was a bet. Did no one like at like in your social circles do crazy bets? Not with people's dad. No, but it was like friends of the family. Like it's not weird.

It wasn't weird. You know what? Let's go around the room. I want to make sure I'm not crazy. I want to make sure I'm not the crazy one. It wasn't weird. It's not weird for the record, Billy. It wants to make that very clear.

Has anyone else had one of your friends' fathers offer you a sum of money to rub poison ivy on your nuts set? I just want to make sure that I'm not the weird It would be weird if it like It would be weird if I didn't know I was immune to poison ivy

That's not what makes it weird man But like literally But like it wasn't it wasn't like It wasn't weird Because I think I sort of prompted it I was like It's not weird It wasn't fucking weird

It's not weird counter is that I believe 11 or 12 right now. So how, how did this adult verify that this happened? He's watching. No, he's, I literally, stick your hand down your pants. Yeah.

I mean, like no one saw, no one saw anything. I was just like, show me, like I picked the poison. I was like, yeah,

I'll fucking do it. It was like more of like a me like being stubborn. All right. So before Billy started the explanation, I don't blame, Hey, don't blame myself. Hold on.

We can't let him. No, It wasn't weird. Billy, Billy, it's not, it's not your fault. No, it's not anybody's fault. It was funny. It was, you guys are making it weird in the situation, in the context. Look at the screen.

Billy, Billy, it's his fault. No, it's not. He's a cool, he's a totally normal dude. There was just guys being dudes. I thought it was. Hey, Billy, it's not your fault, man. Okay, you, it's his fault. Billy, would you do that to a 13 year old right now?

No, but it was like the, like, the, Would that be weird? But it's not weird. Would it be weird if you did it to a 13-year-old? You understand how I get boneheaded, right? Where it's like, I won't stand down. No, I don't know what you're talking about. Yeah.

So, like, it was one of those situations where it's like, okay, fucking rubber on your balls. Like, and then I did it. And also here's $500. It's the jump where it's like, you know, it's one of those things where fuck it, rub it up. No, that jump where an adult watches a 30-year-old rub anything on her balls is a jump. That's just not a normal jump. Okay. You guys just don't understand the context of it.

the situation. You guys don't know ball. Yeah. Yeah. Don't clip this. I don't want to Oh no. No. Yeah. Come on, Billy. It's not weird, dude. Anyway, we're going to run a Twitter poll. Is this weird? End this story. End the story. I'm not allergic to poison ivy. Did you get $500? Yes. So this guy handed you a wad of cash after you rub poison ivy on your balls. No one thought I would do it. They thought it was more like the reason it was raised. It was because no one thought I would actually do it. But I did it. It's not your fault, but it's not your fault. But like it was it was a okay, whatever. This is unsettling. I mean, it's not unsettling at all. Never in a million years. I think it was going to go the dad route on this one. I was fully, I was fully anticipating the

story. He may not propose it. It sounds like it might have been along these lines where a friend of Billy's got poison ivy and Billy was like, you're a pussy. I've never got, I've never gotten poisoned. I can't remember the exact scenario right now. I'm pretty sure. that was the start of it. I was like, oh, I'll go in and get it. It was like, I'll go in and get it. You know, you called your friend a bitch and you were like, I've never gotten poison ivy. Yeah. I could eat poison ivy. I could do anything with poison ivy. Yeah, like, I don't get like, everyone's so fucking scared of poison ivy. I've never gotten poison ivy. And then your friend's dad was like, okay, I bet you won't put it all over those balls. Like, no, wasn't that. Like, I'll, I propose it. I'll put, I'll rub fucking poison ivy on me right now. And then my buddy's like, you won't fucking do it. Like, you won't put it on your fucking balls. And I was like, and then people get wind of it. And then people get wind of it. And, And he'll get fun And his dad goes Yeah Rub it on your ball

No no We're travels fast No it's like you're fucking crazy You're not gonna fucking rub it on your ball I'll give you 500 bucks you do that It's fucking crazy And then I never got poison ivy This guy is this guy still

He's still He's free He Don't worry about it Hey guys get over here Jimmy's friend's gonna rub his nuttsack With poison ivy I'm gonna give him

500 bucks I'm not allergic to boys. That's a whole other dynamic. You're giving a child, a child, $500, dog. Like, did you tell your mother this happened? Dude, I don't know. She's going to find out if you clip this. She's going to find out.

Don't clip this. She's going to freak out. It wasn't weird. It's not weird, Madeline. That's the part that you're missing out on is how this was like. Please put in the disclaimer, it is not weird. Definitely not weird. And it's, do not print that it was weird.

It's so not weird that we never told our mother that it happened. And she didn't question how we got. Where the $500 came from. You should, you should blog that and be like, is this weird? And ask people. I feel I have, Billy told me it's not. So I have to say that it's not. But other people are free to draw their own.

No, because I like, it, it's just a scenario, barbecue, dad's drinking. It's a series being boys. Yeah. Wait, wait, now the data This changes things. It was post sports. So you were sweaty? Listen, you play some ball with the fellas,

you grill some burgers, you rubble boys and ivy on your balls. Whiffle balls being played. You got to go get the wiffle ball from the woods. I'm not getting that. There's poison ivy. Go get the fucking ball. Like fuck poison ivy.

You know what, Bill, you say this. And then you, and then you fucked poison ivy. You say this, but allergies do change just because you're not allergic then. Actually, now, I wouldn't do it again. Back to, I wouldn't do it again. Looking back, like, I really escaped.

I like, that could have gone really badly. Yeah, your body might change. It happens all the time. Because I haven't had exposure to poison ivy as I did as a young child. Was this guy's wife around while this was happening? Because I feel like she may have had some objection to what was going on. You know what? Just don't worry about it.

I'm just trying to get all the details down. I actually, now I'm. like really worried about no what are you worried about i don't want this got to get in trouble it was it was funny it's not weird it wasn't yeah okay now anyway anyway anyway anyway anyway the new world order is trying to kill me with an alpha gal tick it couldn't post your homie's dead no he's not i don't think that's what he was trying to do that is uh that's true that's true i it sounds like there wasn't anything we can move on sexually involved in this except for the fact that you were rubbing it was more like

It was more like if you eat that, like, it's like one of those pranks that like, classic prank. I don't know. What's your mom say when you came home with $500? I don't fucking, I'm 13. I'm keeping my money stashed. What you buy with that? Stashed that's shoebox money.

That's rule number one of the tank crack commandments. You make money, you like, if you make like money, you're not telling your parents where that money, like. But $500 for a 13 year old is a lot to just go to the movies a ton? By himself, that's how he laundered it. You don't tell your parents you make money. Dude, I'm buying cleats. If you're selling drugs.

I'm buying cleats. Bro, where is your mom's like, oh, he's going to go to the dick sporting guns on Fifth Avenue? And then, and then. Is this how you, eBay? Is this how you funded your avatar movie? Yeah. Dude, I really got the sickest frog that weekend.

Actually, I may have actually spent it on a giant after bullfrog. Like, there's actually. Nobody questioned where that came from. I would love to see a forensic accounting analysis. is done on Billy's accounts payable and accounts receivable from back when he was 13. Well, we had an influx of cash in Q2 when I rubbed that poison ivy over my nuts. But unfortunately, we had some significant expenditures in Q3 when I got a big bullfrog. It was exotic off the interwebs.

Shipping and handling of an exotic creature is expected. Did you pay taxes on that? Hell no. On that 500 bucks? Look, man. Great cash, honey. Oh, that's a great story, Billy. I'm glad that you shared that with a class.

And, like, how do you ever be dead? I don't know how to feel. And the crew, and the crew don't hit up this dude's dad for more bets. No, they, I bet you out. It kind of was like,

he, like, there were other bets. Like, if you could, like, there's other examples that I can't think of right now. Like,

if you could, you know, uh-huh. You could rub other things on your balls. That was probably the most, quote-unquote, sexual. bet

my guy put that but I would put No no but like the The fucking The fucking What's it called? Fire not fire Fucking fire ant's

Yeah No uh icy hot Oh yeah The icy hot bet with your friends That's what it was more akin to I've put icy hot on my balls Yeah exactly As a joke as like a dare

Was it was it fucking weird Was it weird? Was it was he 13 with adults? I was 19 with my rugby teammates Who were also next? It was kind of one of those things. It's not one of those things. It was kind of one of those things.

So I have a 13-year-old. If they come over and say an adult posited this kind of shit, I'm going to jail. I'm going straight to jail. I'm going to do macrodocin live from a 1-800 number. That'd be an awesome podcast. Alec Murdoch got in trouble for that, though. That's true. And, oh, Billy, Billy McFarland did.

Oh, by the way, have you seen the Alec Murdaugh? Have you seen the Alec Murdaugh Old Row photos? I have not. Oh my God, that's ridiculous. They have pictures of Alec Murdof from college. And he just like being a frat bro,

like what he was like in like an old South party. And it's like wild. Like my mom was partying with Alec Murdoch in college. It was like, what the fuck? Great way to get off. Poison Ivy. The convicted.

murderer yeah damn that was a really good story Billy I'm sorry for that don't start treating me like I'm a fucking victim I that was it's not hey stop it stop it I'm not stop it this wasn't weird

I know it wasn't fucking weird stop it it's not your fault can we also do a super cut of Billy saying it's not weird I want to know what the actual final tally is here yeah no cool let's take let's do bets let's do bets over under over under I I think it was at

at least 25. That's my, I'm going to, I'm going a little bit lower. I'm going over 50 because I was saying iterations of three. Okay, I was going to say 21.

What's the weirdest bet you guys have ever done? Again, it's not how weird what you did was. That is a tiny bit weird. What's massively weird is that you were 13 and this guy was how old 40s okay but like i it post sports though after sports you know just with the fellas at barbecue going on big jim's house outside we're in bathing suits okay oh everything you say

makes it worse this is this is a perfect case study 13 year old boys running around and how rubbing poisy avie on if you let billy keep talking about anything he will just continue to incriminate it. Even after he's done, even if he's gotten himself out of trouble, if he keeps talking, he will find new and inventive ways to get back into trouble. Billy, if you ever get interrogated by the police, don't say, don't say a word. The only word you're allowed to say is lawyer. I'm waiting for my lawyer. That's it. Lawyer. You can speak to my lawyer. You see this trick I do with. Don't say any other words. It was you this trick with poison ivy I could do. You're going to get allergic to poison ivy at some point. I think I, so from

what I've read about it it's more of a tolerance thing people have different amount of tolerances and once you become like you get enough exposure but like some people have a higher tolerance yeah then you start reacting to it so I must have just had a higher tolerance than other people but like I may have got like my luck may run out I'll pay you $500 to do it again fuck I might take that deal oh inflation is hit dude so this was 13 year old bill he gave you around $800. Yeah. I mean, it's, if you know, like,

rubbing, like, if you know you're immune, it was the easiest fucking money you could ever make. You know your, you know your body. Again, we're not concerned about you getting the bread, fam. Get paid.

I'm happy you're not scarred from it, though. I think that's the main thing. It wasn't scarring. I think he's reverse scarred. No, you guys are ones who are making weird. He's going out of his way to say that it's not weird. Yeah. I think you guys made it weird.

Yep. Totally. You guys are the ones that are weird. Hand up on that one. All right. Let's move on. Oh, you know what?

Yep. Keep going. Poland is not landlocked. I said that last episode. Okay. Smart. I totally forgot. Clean that up?

It has a small shoreline. It has a pretty big shoreline on the... What? What C is that? It's the... Baltic Sea. Baltic Sea. Okay.

So Poland could have blown up the Nord Stream pipeline. Nope. But Britain could have. All right. We're still working on that. That was confirmed on Tuesday's show,

but I think we need to reconfirm who blew it up. Right? Let me just, I need, never mind. Okay, never mind. Billy said,

never mind. We're going to never mind it. So we are going to talk about Silicon Valley Bank today. We've got a special guest that's going to be joining us. Tyler from Barstall Finance. You can hear him with

Large. He does a podcast with him. He also writes a newsletter, so we'll get to him in a little bit. Aaron, you got anything on your mind? No, I don't know. Man, that Billy's story just, that's one of the funnier things that I've ever seen on this podcast. That shit had me rolling in real life.

But other than that, oh, I shot at 89 this morning. Let's go. How many birdies? Back in the 80s. No birdies, actually. I literally had the first five holes. I had a bogey, which sounds bad, but like when you're, you know, when you're first starting out, bogey golf is good golf, man. And I didn't lose a ball.

That's big. Whole 18 holes, not one ball lost, except for, okay, so I was on 16, and one of these little fuckers, I'm on 16. I play through, there was two groups that let me play through, but they're always, like, really reluctant to let you play through. But anyway, I played through, nonetheless. And I'm on a whole six, yeah, six, no, no, I'm sorry, 17. And I hit a really bad shot, great drive.

I've hit a bad shot that kind of veered off to the right. So I hit my third shot, another bad shot. But, you know, I was mad, so I dropped another ball and hit another one. And it landed in the bunker, which I was fine with it. So I went to go play my first ball. And I forgot about the bunker ball, right? So as I'm cleaning up, you know, I'm putting on 18. I was like, I know I had another ball.

I didn't lose a ball. I was like, oh, I left it in that bunker. I go back and they're playing. And I'm like, yo, did y'all see a ball? Anybody see a ball in the bunker? They was like, nah. And I asked both groups. Everybody said, no, I go back to the bunker and the ball that's gone.

I'm like, these motherfuckers really just jacked my shit and lied to my face. I don't know why old people on golf courses are like, I don't know, man. I've had bad experiences with old people on golf courses, man. They're not as nice as they seem. They kind of assholes. That's just me. But anyway. there's um yeah when people step out on the golf course they turn to different people sometimes

they start caring about different rules they start to get more aggressive it's kind of like how when you get into a car you're more likely to get mad at other drivers and you act in ways that you normally wouldn't if you're not in that car driving you know road rage when you get on the course certain things piss you off more than they would if you're in any other situation besides being on the golf course thousand percent and it should be the exact opposite because you out in nature you're away from city good vibes. Just relax, man. We all are having a good time. You're out here trying to be fucking Phil Mixelican. Just relax. I like that. Phil, Phil Mixelson. Mixleson. Mr. Mix is Mickleson. Sir, Mr. Mix a lot. Yeah.

Phil McLaugh. What, where do we stand on the debate? J.J. Watt tweeted out a video yesterday. He hit a hole in one on a par three course. And then he was asking people, does this count? Can I count this as a whole in one? I think, I think you should be allowed to that as a hole in one if the hole was over i'm going to say 120 yards no it's a whole in one it's like a real it's a real official hole in one for you why would why wouldn't it be like okay let's for frances your your arbitrary line of 120 yards the players at the players championship the the the most recent pGA tour uh tournament they have one of the most famous holes in golf history is

a hole 17. Yep. That's like, that's like a hundred and 17 yards, something like that. So like that's a, that's one of the most well-known holes in golf. And it's a very short hole.

Now I'm not saying it's as difficult as that, but it's a part three course. You knocked it down. You knocked it down. That's a whole one. Maybe my number's off. Maybe it should be a hundred, 17 yards or longer then.

So that one is included. But I, what if it's like an 80-yard par three? Okay. So then you're saying, okay, because sometimes you play, part three courses and people from the red T's right people play from the red T's like older people or you know

older women or whatever the case maybe they play from the red T's and sometimes their part their yardage is 80 yards 60 yards so you're saying their whole of ones don't count yes I am saying that I disagree so you say no holding one from a red T counts that's what I'm saying well no no no on a par three wow on a par three course No, I'm talking about the red T's on a regular course The red T's on a regular course Can be 80 yards 70 yards something like that Depending on the course

And you're saying any whole of one That's from the red T's doesn't count I would say on a regular course it counts If it's lower than 100 yards On a par three course it does not count Where are you getting this? What's your message? Just my own brain Yeah, just what it feels like

No, but you trash though so don't matter It's true. Big T, what do you think? I went and watched the video, and the course looked very nice, which changed it in my mind for some reason, because I've only ever played one par three course, and it was dog shit, like the worst golf course you've ever seen in your life. This looked very nice, which for whatever reason in my mind made it more real. Yeah, if you hit all in one, you hit all in one.

Okay. I mean, I don't see how it's any different than hitting one on a par three on a regular course. What was the yardage? Does he say the yardage? I don't think so. I don't think he said what it was. That would be pertinent information. But I mean, not really.

I think if you hit it, you hit it, no. It is what it is. Billy, what do you say? I'm still trying to figure out what occurred. If you got touched or not. You're processing that. Hole and one on a part three courts, Billy. Does it count as a whole and one?

I don't give a fuck about call. Okay, interesting debate Thanks for participating You know, I like about you, PFT? What? I like how you don't take anything personal. I try not to. I love that, man.

I have to say, like, if Big T's mad, he's talking shit to you, you're just like, okay. If Billy talks shit to you, you're just like, uh-huh, I see. If I talk to you, just like, mm-hmm, no, it has nothing to do. But it's not, we're talking about PFT. We're talking about PFT right now. We're not talking about you, you know. But me talking about golf is not like,

Billy, I was talking about me talking shit to him because I just told him he was trash. It has nothing to do it, get off the rope, don't. Relax. I thought it was how I reacted to the golf question. No, it was about how I was talking shit to him because I said he was trashed. He was like, okay, big T.

He just moves on. He just moves on. I just appreciate that. I'm into giving people their flowers, man, because if I die tomorrow, you know, at least you know where we stand. I just wanted to say that, man. Thank you, Aaron.

I appreciate that. I think it's, if you spend as much time on the internet as we have, You hear from a lot of people, a lot of various opinions, and you can let the 5, 10% of people that give you negative feedback sometimes affect you. And it does affect you. But then you reach a point where you just realize that they don't care or they don't matter. And you have to just tell yourself, let it slide off. The internet is not real life.

Let it go. And I think I reached that place maybe two, three years ago. But it takes you a while to get there. Everyone gets at their own speed. So when Billy does that in real life I'm just like, oh, that's Billy, whatever. He's not saying I did it. Correct.

But if you were to say that, if you were to say something like that to me, I'd be like, whatever. Other people's opinions don't matter. Real happiness comes from within. That's what I've learned. Yeah, no, I will admit sometimes gets you

like the percentage wise. Most people are happy customers and they don't say anything. Yep. It's true. It's like Yelp. Yeah. one or two bad reviews they speak louder than the ones that that give you good stars like the macrodocusing

audience we were like looking at the numbers isn't very reflective on twitter or reddit it's more i'd say like they're they're all listeners but they're not active on socials oh okay so like it's a small percentage like all the ones who are active on socials who complain about stuff are angry people who are angry for probably totally different reasons. Yeah. Do you guys read the macrodosing Reddit? Mad Dog does. Okay. We shouldn't talk about them.

No, no. Are they cool? I used to have a crippling addiction to lurking, and you guys aren't going to fucking find me because I don't have a Reddit account. I used to have a crippling addiction to the macrodosing Reddit. I have broken that addiction a couple months back. I go and check it every once in a while,

just to check in. um people have things to say that's all i'll say okay but um no i used to have a crippling addiction and would read every single piece on that um subreddit shout out to the macrodose and reddit i will never read it but i hope you guys are doing well uh just know that it's all love on our end man i hope that whatever issues you have it does uh you know you find a way to find some peace about it man you know i appreciate the listenership um and yeah man saw love man

that's crap actually though speaking of that I saw something the other day it actually may have been from the Reddit so actually shout out to whoever said this but someone was talking about why do you guys talk so meanly about people

that you actively listen to like why are you you know why do you trash me or Billy or Big T or whoever like if you're listening to this podcast like why just not listen and someone gave the like analogy of well if you know if the Jets lose you're going to trash the Jets O-C, you're going to trash Salah or whatever,

but you still love the team. It's true. You know what I mean? Reddit's also a very negative social media platform in itself. Right, but I'm just saying like in any space, Twitter or whatever, like if the Browns lose, I'm going to probably be mad at Kevin Stefansky for a couple days. Yeah. Or whatever.

But you still at the end of the day, you love the team. Yeah. That makes sense. I liked that. Made me feel better. We're team guys. That's a good analogy. Yeah.

And you know I, I, what do you think is the most positive? TikTok. TikTok's the most positive. No, you're crazy. No, I, I have to say through like the scope of comments. Because everyone just comments. Good job, Billy. No, no, no, no.

That's not even what I'm basing off of it. I was like looking into this because you, I noticed that like, Twitter's a little happier than Reddit. Redditors tend to be the people who use Reddit the most tend to be a little more jaded. on certain things i i've tried to i looked into this a little too much because i need to like sort of uh as pft was talking about it like like like uh what would say like give give scope to what exactly like because think about we're this may be getting a little too specific to us but we process so many uh pieces of information and scopes of contact from so many different people

as it comments as it replies from so many like different places that you know Like, I don't know shit about the world. And hell, I don't know shit about, you know, processing all this information about specific to me, specific to the show and everything. So you need to, like, get a scope of, like, how, why is this happening? Why is there so many negative stuff coming from this? Why is, you know, it's just, it's just you need to, like, learn about it in order to deal with it. And you know what I notice? Yeah.

What I noticed, it's like, so, like, when a pandemic here, I used to talk shit about people who watch reality TV, right? I was like, you're an idiot. It's just brain dead shit And so But then the reality I mean the reality Then the pandemic hit And like I just ran out of shit to watch

And I started watching a bunch of reality TV And I ended up really liking it man For various different reasons But what I found out is It's a lot of people's escapism right And so like when I'm watching TV I suspend who I am as a human Right

It's just I get into that So if you've been to medieval times right I get into that shit right I just get into character I'm a fucking King watching my jousters joust. So, like, when I'm watching reality TV, I just become a part of the fan base. So I'm like, yo, she's fucking stupid.

Like, why would she do that? Or what a dummy, right? I just get involved in it because it's like escapism. Now, if I was to meet those people on the street, I don't really feel like that. I wish them well. Like, it's all good. It's all love. But, like, while I'm escaping, whatever I need to escape, like, I'm just inundated

in what I'm into. And I think a lot of people, like, whether it's a podcast, like, that's day, like, where it is. I get a bunch of messages to people like, yo, you guys just helped me out through our day. I just throw you all on this. Like we're a lot of people's escapism, right? And so you can't get attached and I don't get attached to people's feel about that.

Now, if you hit me up and you talk shit and you're like, hey, you was wrong about this. And I'm like, no, I wasn't. Here it goes. But like that's different. But like if they just talking shit to talk shit, I get it, man. Like we just kind of y'all's entertainment. Like I understand that. And being in the lead for a while, you kind of get that too.

So it's just not like a personal thing. But I appreciate it either way. People care about the characters and about the interaction, that sort of thing gives you like you can talk about their interpersonal relationships like it's just like a like you're reading a book and you're talking about the characters in a book club um so arian i know that you've got to run in a second you got duck out we're about to do our interview uh with tyler from barstle finance and uh avery i know you got a meeting to jump to but every i want to give you the mic because i think there's some stuff that we we need to talk about

real quick yeah um so today i'm not in the producer chair if you're watching on youtube uh today is my last day on the show uh the past three or four months i've just been unhappy not with the crew at all uh we've had talks about this and uh it's been tough it's the hardest decision i've ever had to make um because this is my first job barcel's my first job and i'm still trying to find something here see if we can you know work something out within the company but in terms of macrodosing this is my last show and uh i love all you guys this is like been the best two years of my life doing the show. But, you know, the show is going to go to Chicago and I'm not. And I want what's best for the show. And the last three months, I've been

pretty upset and it's been reflecting my work on the show and I didn't want to do it any further. So with that, McKenzie's taking over and I really wouldn't want anybody else to take over the show. She's great. She knows what she's doing. She's awesome producer. And she's really going to do good for this show. So I'm excited that you guys are going to have her and I'm excited that she's the one taking my place. Yeah, love you guys. And the one request I do have is when you go to medieval times. I want to go. Yes, for sure. Avery, we love you too. We appreciate all the work that you put in on the show. In the last two years, it wouldn't be where it's at without you. So thank you for everything that you've done. Obviously, we're all rooting for you. We want you to find a place where you're happy.

So where can people follow you? You follow me. You're going to be putting out hockey content and stuff too yeah just everything i've been blogging for the website and uh yeah a ton of hockey content uh pretty much everything honestly i've just been tick talking and blogging about it's just my name avery zaretsky on all platforms check them out so again thank you thank you every of course um it's been awesome having you on the show yeah i love it it's like my baby yeah i i i hope and i think that you will find something that you're going to do that's going to make you super happy and you're going to end up on your feet absolutely you're a smart guy so we're all rooting for you um and mickick we uh we appreciate i was going to say my piece too man

we appreciate you so much man you know i don't i don't get to be there that much but when i do it's always love i appreciate all the the shit that you've extended my way man so i know i know the fans be on you sometimes but a lot of love from the fans too like we all yeah if you ever need a bad take i'll pop in i for the record i never thought avery's takes were that bad some he had a couple bad yeah you had a couple bad takes but we all do yeah I'll own up to it shooter shoot I thought that your takes were good yeah you had good takes I appreciate that yeah so I'm gonna miss Billy's stories like the one he told today that was that's true it was an all time all time we will go to medieval times yes I want to be in on that

that's a promise and we'll see all the the vegetarian gladiators compete against each other absolutely and we'll do a Rangers caps game yeah for sure they are play they're playing tonight right yeah I can't make that unfortunately shit I'll be there have fun I'm sure you're going to win. Cap Stank now. I don't know about that. And I am rooting for the Rangers, though, this postseason. Yeah, you put a future on it.

I put a future because of your tip. Now, their odds have gotten worse since I locked in that future. But that's fine. That's fine. Let's put another one out. Yeah, I get my cost per share down a little bit. Exactly. And he mentioned McKinsey.

She's sitting in the producer chair right now. McKinsey's awesome. McKinsey, you want to say hi to the people out there? Hi. I'm very excited to be on my side. Thank you guys. Yeah. Yeah, yeah.

This podcast is run by women. It is. Yeah, how about that? Love it. 95% male podcast run by two women. It's a girl pod. We're going to change that. We're going to get a little more female demo.

I think we'd love that. Love it. You guys should do a nanodosing at one point. The Nice Girls podcast. Also, huge dinosaur girls, the two of us. Wait, are you speaking for McKenzie? Oh, wait, McKenzie. McKenzie and I have worked together for,

About a year already. You just mansplained to McKenzie. McKenzie, do you like dinosaurs? Sorry, do you believe in dinosaurs? Yeah. That was quick. How can you be sure? It's a good start.

It's a good start, McKenzie. Okay, so the door is open. Check in, not only will there be an extra dose about a Last of Us recap, probably airing. Whenever you want, Philly. When should we air it? It's being recorded on Wednesday, and we can release it whenever, so this will probably be released on Thursday. So Friday? Sure.

This is getting released. So an extra dosing will be released on Friday. And not only we'll be talking last of us, but we'll be breaking down dinosaurs. Okay. Okay. You guys have fun with that. Love you guys. All right.

Love you, Avery. Thanks, guys. Appreciate it. Love you all. Okay. Before we get to Tyler, let's talk a little bit about bank runs. The history of bank runs. Now, what is a bank run?

You might ask, well, it's when people stand in line to try to get their money out of the bank before it goes insolvent. and some people are saying that there could be a bank run. There's definitely one on certain banks, certain small regional banks, but it's not at a national level just yet. So we're going to talk to Tyler more about what the effects of that are going to be for, you know, everyday banks, not just banks like Silicon Valley. So Billy put together a very impressive fact sheet about bank runs. It could have been finance bro.

And Billy, yeah, you dipped your toes into the finance bro water. Very intermediary Intermediary Okay so Billy Talk to me about bank runs So a lot of historical bankruns I think the best way to describe a bank run Is have any of you guys seen the movie

It's a Wonderful Life I have But I'm usually half drunk when it airs on Christmas The specific scene Where all the townspeople run to the bank To try to get their money out Yeah So basically

Bank runs occur because there is a bit of panic amongst the bank users, the customers who have their money in the bank. And for whatever reason, they think that the bank either won't be able to pay them or their money is gone and they rush to get their money. Now, it's kind of when you're in like elementary school, you think that the bank has all your money. And there's every bank is filled with money. Yep.

And all the money that they have. but that isn't realistically true there's something that occurred way back in the day uh dating back to goldsmiths when the main holder value was gold and silver goldsmiths would issue a piece of paper promissory notes that would indicate that that piece of paper had a specific amount of value that they could exchange for gold or silver what this then happened was they realized that they could just issue more paper instead of actually giving out more gold in something called fractional reserve banking, meaning that you could give out more promissory notes than you actually had in gold. So this sort of developed into the modern banking system, allowed people to give loans

and collect interest and basically formed our modern bank system. We don't have to get into. We're just going to specifically focus on bank runs. But when an economic effect, in turn causes a bank to not be able to pay out all of the money it has in its bank. This causes panic and causes people to run to their banks and try to pull out all the money. And then when everybody wants their money, no one can have their money and not everyone can get paid out. So bank runs. Yeah. So the U.S.

government, actually, you were talking about the gold certificates. The U.S. government until June 5, 1933, that's when they went off the gold standard, they were printing gold certificates. Yeah. So I've got a $20 bill, but it's like a slightly darker colored 20, and the font is different on it. And it can be exchanged for gold at any given time. I wonder, I should check up and see how much that's worth now.

It's probably worth at least like 40 bucks or 60 bucks as a collector's item. So really, if you hang on to all of your paper currency for long enough, they'll become rare currency. And then 100 years from now, it'll be worth slightly more. than what the cash was worth at the time. Reverse inflation glitch. Yep. Got it.

I nailed it. So I'm not, I don't know what I'm talking about for the record. I'm not a financial person. Don't take advice for me. But my investment strategy would be burying all of your cash in the backyard and then waiting for 200 years and having your great, great grandchildren take it up. This is actually where Bitcoin actually starts to make sense to me. Let's go.

Okay. No, but, so during the Great Depression, one of the most, famous bank runs, there was a 1929 stock market crash. American dispositors began to panic and seek refuge in holding physical cash. And then the first bank failure due to mass withdrawals occurred in 1930 in Tennessee. This was like seemingly minor, much like what we're seeing with Silicon Valley Bank, which we're going to get into with Tyler. But it was the first domino that caused everyone to panic and everyone try to get their money out of their banks. So then there was a string of subsequent bank runs across the south in the 1930s and then the entire country

as a people heard what happened and sought to withdraw their own deposits before they lost their savings a hurting behavior that only sped up more bank runs via negative feedback loop so basically when everyone panics causes a stampede everyone tries to take their money out basically taking out everyone's savings causing no money to be then loaned out so this was i was reading a book uh i'm reading up about financial stuff just because it better to be more informed. But back in the day, if you didn't keep your money in a bank, it was bad for the economy. Like if you had your money under your mattress, it was bad for the American economy because that money could be in a bank and being loaned out by bankers to cause, you know, expansion,

cause more development by, you know, getting loans out to people who were trying to do big things, be it a company, what's the word I'm looking for, innovation, to fund innovation. Your money under your mattress wasn't helping funding innovation and the rebuilding of the country. That was like the big thing. So it's funny today, we all think of like, you know, all your money is in the bank. Like it's almost like you would never think to have physical money. Like it's all digital, which actually has caused more innovation because everyone has, you know, they get all their paychecks, you put it into your bank, you rent your savings accounts,

put into your checking account, all that money does get lented out by the bank. And it's kind of really cool to understand that nowadays, you know, bank runs only really happen on these smaller banks because we've gone to the point where most people with a mind are putting their money in the bank who aren't drug dealers. Yeah, I mean, it's funny how I do just think of money now as being digital. Just like numbers on my phone, numbers on my computer. Unless I just won the lottery ball machine, which case Billy has to give me a bunch of cash that I carry around. Yeah.

Thank you for that, by the way. So, yeah, this one in the Great Depression, this one bank in Nashville in the 1930s caused a whole domino effect of, you know, the Great Depression almost. So Tennessee started the Great Depression. Kind of, yeah. Okay. Interesting. Disavow. So when this happened, the U.S. government set up several regulatory mechanisms to prevent this from ever happening again. They established the FDIC Corporation, Federal Deposit Insurance Company, which insures depositors up to 250,000 per bank.

banking institution. Then we thought everything was fine. We almost made it to 100 years of no serious economic collapse. Then 2008-09 financial crisis happened. And there was several bank runs. On September 25th, 2008, Washington Mutual, the six largest American financial institution at the time was shut down by the U.S. Office of Thrift supervision. Over the ensuing days, depositors had withdrawn more than 16.7 billion in deposits, causing the bank to run out short-term cash reserves. The very next day, Wachovia Bank was also shuttered for similar reasons when depositors withdrew $15 billion over a two-week period after Wachovia reported negative earnings results earlier that quarter.

Maybe someone can explain this to me, unless you know the answer to this, Billy. But when bigger banks absorb smaller banks, why would a big bank look at a small bank that is is going and solve it and say, yeah, I want to, I want to buy this just to get all their customers. And they've got, they've got the bigger bank. They've got bigger cash reserves so they can afford it. Is that, is that the like give and take that they, uh, that they used to justify that? Well, every company and even every bank is just a balance sheet. So like, why would pen buy bar stool? It's, you know, they're probably seeing the smaller bank and being like, we're getting it at a good price. Yeah. Because they have debt that they can't handle,

but they have debt that we can handle and then we get their customers we get their assets you know we get like there is something you know they can make of it it's weird banking yeah big

we're no experts Tyler's going to come on he's much more experienced in all this but we're seeing the beginnings of a bankroom now with Silicon Valley Bank Silvergate

Silvergate is going under because they basically were doing all the banking for the crypto companies. FTX caused Silver Bank to go. That's something I can- We're still seeing Dominoes from that. Yeah. There's too many S&Bs involved recently. SBF, SVB.

It gets confusing. Signature. I think that the Silvergate was basically a bank that knew was operating with risky money. They were borrowing, they were giving out loans and financing companies that most people didn't want to touch because they thought it was sketchy. So like, you know,

Who is financing Sam Bankman-Fried in the Bahamas, orgies, meth, condos, pools, giant pools, pool bars, meth? A lot of pool. Yeah. Can I ask a question? Can I ask a question about that? So a bank, like, silver, what's it, Silvergate? Yeah.

Okay. If they take on an institution like FTX or something, and I get, I'm assuming that they didn't think it would collapse like it did, but in my brain, wouldn't you want, your assets of safer investments to outweigh the number of money that the amount of money that FTX has in the bank so like if FTX collapsed like yeah you're talking about risk management yeah yeah yeah these guys were just risky they wanted the risky why would you do that like what's the point of that I don't understand the reward if it if it goes crazy because in the moment

if you're making a lot of money from one customer you You like that money and you want that money to keep coming in. But then something like FTCS happens and then all of that money goes away. Yeah, you're talking about risk management. This is- Okay, so this is literally what risk managers do. This is common sense that breed sometimes like from your seat, you're like. Oh, oh, I'm, I have the common sense. You have the common sense.

Okay. When things are good, you don't think about worst-case scenarios that much. When things are good, you're like, this is awesome. How do I make this good thing even better? Oh, well, maybe we'll take more money from this customer. because so if you if you set up like a cake store at the bottom of an apartment complex and you've got one customer that lives there that fucking loves cake right absolutely just eats nothing but cake every day they stop in twice a day to buy cakes you want to and they ask you

hey could you start making the specific type of cake that you guys don't make yet but the ingredients cost a lot of money i've been looking for it everywhere If they're your biggest customer, you're probably going to be like, yeah, I'm going to go out. I'm going to buy that special type of dye, the special type of frosting. Because you want to make that customer happy. Because this is my whale. This person's buying all the cake from me. So you start getting these contracts in place to get all these shipments in, make this person a cake.

And then that person moves out. And now you've maybe expand your business a little bit. You've got all sorts of weird flour coming in from Indonesia that you don't need for this one person's cake. With cordyceps in it. Starts a whole thing. And then, yeah, and now you can't sell cakes anymore at the same level. So your expenses have increased. Clickers don't buy cakes.

Yeah. Isn't that the sum of... Clickers buy cakes, too. Mm-hmm. Do they? It's like the Michael Jordan thing with sneakers. Oh. But, yeah, no, it's people's jobs.

If you're in finance. Like your number one guy is so big that you can't afford to not have the number one guy? Yeah. Yeah. So your job should be looking at that and thinking worst-case scenarios through and trying to mitigate all that, but a lot of times it's just human nature to be like, well, times are good, I'm going to make more money off this person. But Silvergate had other clients, which were less risky. Right. I assume. Yeah, Coinbase, Gemini, they were servicing a lot of crypto companies. But the

thing is, because of FDX going under, not only do they get impacted by losing their business and their assets, crypto customers just started not trusting any of the crypto companies. Yeah. So they didn't interest any of the crypto companies? Yeah, so even Coinbase Gemini, like the other ones that were operating and doing legal business, just holding large amounts of crypto and like being a broker for them, a lot of crypto customers like, fuck that. I'm out of crypto, FDX, just fuck the whole business. I also think places like FTCs that only exist online, they don't have physical locations that you can go to. It makes you less likely to take your customers deposit seriously because if you work

at, I don't know, Chase, you know that at the end of the day, if you fuck up too bad, people are going to show up at your bank in person. And then it's just chaos. But if you're operating entirely online, you never have that fear in the back of your head that the public that I'm servicing, if I screw them over, they're going to show up with pitchforks and try to get all their shit out. Yeah. One more question. This may be a dumb question. The risk management thing was a little bit dumb. No, it wasn't dumb. You were way more rational than a lot of these guys. Okay. Yeah. So, okay, another, so Coinbase, because Coinbase is all crypto, right? Yeah. Coinbase, FTX, like, crypto, just companies, I guess. This is going to sound so dumb.

What do they do with bank accounts if they're like a crypto company? Wouldn't they have all of their assets in crypto, or is that irresponsible? Does that make sense? No, they have cash on hand. So like as a broker. Like when, so if I, if I buy one Bitcoin and then I buy it in 2015 and I just sold it like this year, the cash that I get from selling that is what the crypto accounts have in the bank accounts. So brokers make, the brokers popped up in the crypto market. I can't believe I'm explaining crypto. I'm not a crypto bro, but the brokers popped up because it was very hard to buy. Bitcoin by

itself because you literally had to have a wallet, have like a flash drive. It was very nitty-gritty. It was literally like... There was like a really higher period of entry. Like if you wanted to buy gold right now, you'd go to a gold broker most likely. You wouldn't go to a mine and

knock on the shack door. Wouldn't be like, yeah, can I buy some gold and then they'd give you a piece of gold? You'd probably just buy it from a gold broker. Okay. So they hold both the gold and the cash. So they take your cash and give you the gold, but you can only access it from them. Okay.

So all that cash they get, they then put in the bank to, you know, invest in different things and, you know, hopefully accrue interest and hopefully crypto goes up in price. And then hopefully not everyone comes back and asks for their money and cash is out there. Yeah. Yeah. Yeah. So then, uh, yeah, so then Silicon Valley Bank just had bad. assets on its on its balance sheet basically they bought uh treasury notes a year ago that now

are way like the best way to explain it is let's say tops released a bunch of um rookie cards uh one year and you know you bought all them thinking that they'd be way more valuable than any other ones to come and sell in the future but then the next year they they released even more exclusive sophomore cards for the players and they were going to be more valuable no matter what in the future. It would basically totally devalue those rookie cards

that you got. Right. So the rate, they raised the rates which made the new products more desirable than the ones they had invested in. There were too many apes. Too many apes. Does this affect you on a personal level? On my

three board apes per episode? Oh, I thought it was four. Four, well, yeah, four, it will technically I get one slurp juice and that I can turn three into four. Is that bad for you? Yeah, it's really bad for me. Very bad news. My, my Come Rocket shares are down too. So that's not good. I remember the day after that we put out that the crypto episode, Comrocket, it shot way up.

It did. And it was all. It came? Yeah, it was all because people saw us talking about Come Rocket. And they were like, this is it. big podcast talking about come rocket we're going to the moon that that should be like that's their business model basically if you start a shit coin if you just get anybody with an audience to say the name of your coin then you're like hell yeah this is good and that should be like clue number one

that it means nothing that the the thing that you're buying is actually kind of worthless and only dependent on people believing in it which some people will actually say money that's basically money is if people stop believing in paper money, then it becomes worthless, but everybody believes in it. You don't really have a choice, but if everyone did collectively decide this is nothing, then it's nothing. Yeah, it's kind of wild to think about it. We just don't have a choice. Yeah. Isn't that what Jack Mack says? That's why Jack. Jack Max says a lot of things. That's true. We say once every two weeks, we're going to get Jack on this show, but we have to soon. Yeah, he's got some wild takes.

do a Bitcoin slash Eat the Bugs episode. Thanks are zero, all of that. Yep. All right, Bill, you have anything else on bank runs for us? Just when banks start running. No. When people start running the banks. Yeah, best way to avoid that is to just live at the bank.

If you're really about the bank, you don't have to run to the bank. You're already there. Would you like to think that the federal government has instituted enough restrictions to prevent any of these historical events from happening. But we're seeing one right now. And I just wanted to, I myself, I was very curious about it. So I wanted Tyler to come on and sort of give us a little info on what the hell is going on. Yeah.

It's a big cycle. It's a big cycle in politics where if you want people to like you and to vote for you, you remove restrictions and then people make more money. And then people make too much money. They get stupid. And then you need to put more restrictions in and place to dial it. back, but then once you dial it back, people aren't making as much money. They're less likely to vote for you. Somebody else gets in. And then that person's like, let's take all these

restrictions off. And the cycle just continues to repeat itself and repeat itself over and over again. It's beautiful in a way. All right, let's get to Tyler. We're going to talk about Silicon Valley Bank and some bank run stuff. And then we'll do voicemails on the other side. All right, welcome on a very special guest, a co-worker. It's Tyler from Barstall Finance. He works with large I think you know what you're talking about. You are the Barstool Finance guy, so take for that what you will. And it looks like you're zooming into us.

Are you in heaven right now? I am in South Florida, actually. I took like my first vacation. Well, it's not really a vacation, like a working vacation in probably like five years. And of course, like the biggest thing in finance happened during that time. So it's been fantastic. Yeah. So thank you for joining us because we're no disrespect to everybody on.

the show myself included but we're dumbasses and we don't really know what we're talking about especially when it comes to finance i think when we did i'm not a i'm not a dumb ass i don't know with finance i mean there's a reason that i do finance at barstool and not not a real you know house of finance it's a target rich environment here there are a lot of people that need financial education so rather than us trying to explain it just based off of billy's fact sheet which i'm sure is great i just talking about bank runs i want to know what exactly is going on with these new banks I mean, people are talking 2008. I just want to know what's different.

Is it 2008? Should I panic? Okay, yeah. We'll get to that in a second. I think let's set the table, though. Can you explain to us what is happening? Yeah, so, so, so, so, so Billy's not wrong. It was basically, basically a bank run.

So we had Silicon Valley Bank and Signature Bank collapse over the weekend, which was the second and third largest bank failure, bank failures in U.S. history besides Washington Mutual, which failed during the 2008 collapse. Okay. And so why, why did Silicon Valley Bank fail? Yeah. So the simplest way to explain it. And this is actually, I guess there's a little confusion on my end, too, about why people think it's a bigger deal. I think it's actually somewhat contained. But the basic idea of it is that they, they had invested a lot of their, well, there's two things that happened. So they, I,

Obviously, being in Silicon Valley, they were working with a lot of startups. So with the Fed raising interest rates quite a bit recently, a lot of the companies that were pouring money into all these startups were kind of holding back a little bit and they weren't pouring as much money into them, which meant that all these companies that were depositing all their cash at Silicon Valley Bank were just spending it because they needed to continue growing and they needed to continue making payroll, all that good stuff. So Silicon Valley Bank was paying out a lot of money, but there wasn't a whole lot of money coming in. And so when that happens at a bank, they obviously need to reach into their coffers to make sure that they can pay everyone out. And so one of the things that Silicon Valley Bank had done with their money, as you guys know, when a bank gets money in, they're going to do one of a couple things. They're either going to invest it in like pretty safe investments or they're going to lend it out to other people. Well, it turns out that Silicon Valley Bank invested it in mostly treasuries and other like mortgage-backed securities, some other things that were relatively safe or so they thought. And so those things were paying pretty low interest rates.

So they did this probably, I would say a couple of years ago. They've been doing this, right? And those are long-term investments. You're thinking like 10, you know, 20, 30-year investments. The problem is they need to sell off a lot of those investments. in order to pay people out. Now, since the Fed has been raising rates for quite some time, there are now investments out there,

treasuries that are paying a whole lot more. So when they were buying these treasuries, they were, say, paying a couple percent. Now you can get a treasury that's paying four or five percent. So the value of these treasuries that they're holding on to are a whole lot less. So over the weekend, when they needed to pay out a bunch of their depositors, they took a massive hit. So they actually sold, I believe the number was they sold $21 billion worth of securities

and they took a $1.8 billion hit on that. And that's because they had to sell these securities at below their actual value because the market's not going to pay a lot for them because there are treasuries out there that are paying a whole lot more. So why would somebody want them? So it was more of a really shitty timing thing and the fact that the Fed continues to raise interest. rates. Like, they just, they got buried by. Got it. So, so if you're a bank, what are the regulations in place about you having to keep a certain amount of cash available to pay out all of your

depositors? Yeah, I don't, I don't fully know what like the percentage of that is of what they need to, to keep on hand at all times. But I know that there's certain things, there is like a certain amount of cash, but I think it's a fairly low, like between eight and 10 percent or like, you know, between 5% and 10% of just cash. And then there's other stuff where they can put it in, you know, very safe investments or, you know, loan it out. And so the problem becomes when, you know, that 5% to 10% goes away really quickly when people are asking for their cash.

That's when the issues happen. And then, of course, to Billy's point, that's when a bank run happens because people start to hear about this and they say, oh, shit, I want my money out. I don't want to be the last person standing there with my money left in that bank. So then kind of one thing feeds into another. And then we had a bunch of these guys like on Silicon Valley that were saying like, hey, if you're one of my portfolio companies, I want you to pull all of your money out of here, which is kind of interesting because they were all the guys who kind of helped build this bank

over the past, you know, 30 or 40 years. And now a lot of them are changing their tune coming out this week and saying, if somebody buys Silicon Valley Bank, we're going to go and support them again. But it's like you guys kind of just ruined them. There are actually some rumors swirling that it was the all-in podcast, which is a big finance podcast that actually caused the bank run and stuff, which may or may not be true. I would definitely claim that if I were them. Yeah.

I would definitely claim that it was my podcast that did it. If I were them. Yeah, I mean, they're all investors, though. So I feel like it's not the best thing. But I mean, I guess at the end of the day, all the companies are totally fine. This is basically ended up being a bailout for Silicon Valley. and all the tech bros out there because a lot of those companies probably would have collapsed. Yeah, I saw, I think it was David Sacks that was like earlier this week or late last week saying the government needs to step in and take care of all the investors here and help them out.

But he was also one of the loudest voices when it came to like student loan debates, things like that. If it's individuals getting rescued by the government, he's like, no, fuck them. But when it's time for tech investors to get paid out, he's like, the government needs to do something. You know what's the most fucked up thing about that whole ideology? Because it does make sense is that since they're bailing out richer people who the money is accumulatively less like comparatively to them. Like whereas the people who you give the student loans buyback to like you just forgive their student loans will actually use that money in the economy whereas the rich people won't like the people get bailed out won't use that money. So like it will affect inflation because the money's more useful to those individuals with student loans as opposed to like a wealthy. Silicon Valley investor who probably will just put it into savings.

Yeah. Well, the only argument to that is all of them would just say like trickle down economics, right? They're going to create jobs. There is an argument there that that it is protecting, you know, kind of the, the American way that like we're always innovating and creating new companies. And it would have been pretty bad and fairly disastrous for the for the economy if all these companies did fail. But yeah, I mean, it's not super capitalist. you really think about it and actually a lot of people are coming out and saying that now like actually ken griffin which is also very rich right because uh he bailed out all of his buddies during the robin hood drama and now he's coming out and saying that you know these tech

companies should have been left to fail but arian i saw you shaking your head oh yeah i've said it many times on his pocket i shuggled out economics this doesn't work it's it's time after time and i don't know what buddy feels about it but it's just it's just it's just doesn't work. Yeah, no, it's, uh, I think it's been proven not to work very well, but I think it's just like the argument that, uh, that rich folks are going to to maintain, especially people who are quote unquote creating jobs with, you know, by backing these startups. I think we just need to give it more time. I think we need to give it 40, 50 more years and then, and then we'll see at that point. If trickle down economics works. So that's the story with Silicon Valley Bank.

Now, how does this silver gate and signature bank? How do, how do they end up closing down? Because everyone's talking like domino effects first one's going then the next ones go like like i got let's say i have money in jp morgan chase i have a checking account and savings account do i have to panic here is there something like what do i do no so i think the answer so there's two things there i think to answer your first question no and i think that's actually part of the problem for all the regional banks right now is the fear is that they are small enough to fail. So everyone, there's been a huge withdrawal from all these regional and like smaller players, like your mom and pop banks. And all the money is going to your big banks because everyone's like, well, you know,

those aren't going to fail. The government cannot let those fails. We saw in 2008. So there's that fear that they're going to, you know, a lot of these banks are going to get crushed by that and they're going to pull all their money there. So I want to worry about if you're in JP Morgan, Maybe I'd worry a little bit if you were in a smaller bank. We did just talk about your finances, Billy, on the podcast. I don't know if you're sitting on more than 250K, but I think you might be below the FDIC insurance limit. And also, I don't know if that's true or not, but the other thing is it appears, right, that we're finding that the bailout, they're pretty much saying the FDIC insurance is unlimited at this point. So I think in like the near term, you're going to be okay.

Is that a dangerous precedent to set, though? by saying, okay, we're just going to ignore the FDIC, the previous limits, and we're going to raise it to infinity. At that point, can't any bank that ever collapses, can't people just demand that the Fed comes in and rescues them? I mean, yes, in theory, they could hope for that. I think it's really just a matter of what the government's incentive is to rescue that bank or like those, that set of people, right? like so it could have been a very different like it was coal miners in west virginia that were you know had their bank failing is like would the government have stepped in i don't know like there's there's a lot of nuance to it of like who they were saving and why they were saving them and then to your point about signature bank billy there's actually been a lot of rumors there that that may have been shut down because interestingly the new york's new york state stepped in first there and new york state has been very hard on crypto banks and signature was the second biggest crypto bank behind Silvergate,

which also failed. And so there's some thoughts there that they may have stepped in and tried to shut that down just to crush the crypto industry. Okay. Meanwhile, Bitcoin's going up. Yeah. So I've heard about the newsletter yesterday. It's kind of interesting. I feel like Bitcoin is finally having that moment that they've been waiting for for like 10 years, where it's finally, know, the thing that's going to save everyone. It's finally going to be the currency that everyone turns to when shit hits the fan because gold has been going up too. And so everyone always thought that, you know, Bitcoin was going to be the digital gold. So maybe this is its moment.

I don't know. It's hard to make out what that means. Maybe everyone's happy because, you know, these banks that are, you know, more strictly, you know, looked at in the U.S., maybe some of the stuff's going to go offshore where it's a little. bit easier to get away with stuff as we've seen in the past. So it's a little unclear what what's happening there. But yeah, it is interesting that Bitcoin's been up. It's up like 15, 20% in the past couple days. Last question. What compared to 2008, you just unilaterally declare last question. I don't know. He's done. He's done. My last question. My last question. Yeah, I see how this has been going. No, no, my last question, which I meant to say, compared to 2008,

what sort of regulations were either repealed or what caused this, something like this to happen again? Like, why can this possibly happen? I thought we went through all this in 2008. Why is like even an inkling of a recession or banks collapsing and having to do bailouts even on the table? Well, some people are going to point to our previous president. So Trump actually repealed some of like pulled back some of this stuff from the 2008. Dodd-Frank rules. So it's a little bit easier for these smaller banks to get away with stuff. I'm not so sure that they would have actually captured this because I know we had

talked about like what the difference was between 2008 and this. In 2008 was much more of like a credit crisis, right, because it was subprime mortgages that had gone bad and that kind of spread throughout all the banks, which all had exposure to, you know, to all these loans. And so it's a little bit different in that this is like a depositor issue, right? So it's kind of like what they had invested in versus it being like a credit issue. So I'm not actually 100% sure that that Dodd-Frank and all the rules and regulations had, you know, would actually help it. But to your point, I think there was also like in 2000, I don't know, whatever it was, whenever Trump was in office, they actually got rid of some of these and that's what some people are pointing at. so if I had to guess the current administration is going to go ham with you know with banking industry regulation as I'm sure they probably want to do anyways but now they have the excuse to go ahead and do it was oh wait Billy you just asked your last question killed my last question uh big tea yeah so my uh we talked about the 250 grand thing a minute ago that that that was my main thing so is that does that just not exist anymore because now anybody can like

How could they revert back and say, okay, now it's only 250 grand when they're, I think I saw 97% of Silicon Valley banks, deposits are more than that. Right. I mean, that's a really great question. It's like, when do they go back? Is there just going to be like a drop dead date? And it's like, this is when we go back? Or if in like two months, some other bank fails, is that going to happen? I don't know. That's obviously, you know, a question for the FDIC, and I'm sure Congress will have to take that up and it will take forever. But I think this is, again, one of those things where it's, you know, not to bring up COVID and get this episode flag. But it's one of those things where it's like an emergency order that they're going to utilize and just hope that they can work under that. interesting so hypothetically if somebody had more than $250,000 in a bank account would should they go across the street to Bank of America and be like hey I need my money put in a mattress hypothetically we we get it pft you get paid a lot um the uh I would say no I would say no don't do

that I the one thing I think it was uh Johnis right he said that he keeps uh he keeps a bunch of different accounts with all less than 250 $50,000. I guess if you're keeping that much money in a bank account, it's probably stupid. So that's the first thing. Like, you should probably be investing it or doing something else with that much money. But no, I don't think there should be like any real concern. And granted, I don't have any insider information into the banking system of the US. But like, I don't think there's going to be this massive bank run or, you know, massive collapse of major banks or even any more regional banks.

Just because the, so in addition, that's another thing, in addition to them saying that they're going to backstop all depositors, for the next year, the Fed came out and said that it's going to give loans to any banks that it needs to cover any of these issues. So anything that's, you know, related to Silicon Valley Bank or any other sort of, you know, thoughts of potential collapse. So I think there's like plenty of backstops in place for at least probably the next year or so. Okay. So you mentioned Janus. I'm looking at his lifetime earnings so far are 188,8,837,362. He's 47 bank accounts. So that'd be way more than that. It'd be four times 188, which is like 750-ish. He would have 755 bank accounts. Do you think Janus has 755 different savings accounts set up? he might i would like to think that he has some of his money elsewhere um he's invested a little more intelligently than that but i mean he could there's plenty of banks in the u.s right and it's actually like i believe that it's like every entity so he could just be starting like LLCs and

have you know different money elsewhere interesting okay so um you're gonna just cut to the chase who's going to jail who should we be mad at is there what i need one guy to point my finger at It's tough to be like the entire bank. I want one guy to get mad at. I get like the CEO, right, is always the, the obvious culprit here. But I think like most of the CEOs in during the 2008 financial crisis, they're just going to be like, I don't know. Like there were people, there were people doing this, you know, lower level guys doing this. We had no idea what was going on.

They were hiding it from us. So he'll probably pass the blame. I think the easiest scapegoat here is. probably Silicon Valley, you know, you know, technocrats, I think easiest to point the finger at them because everyone kind of hates them anyway. So like Silicon Valley billionaires who were really pushing for this is a good one. And then I think the other person is Bill Ackman. He always kind of puts his foot in his mouth recently when, you know, when these things come up. And so he was kind of calling for the collapse of the financial system, like the entire financial system

all weekend. So, you know, he's another easy target because he's a billionaire. So anyone who's made a lot of money, you know, especially in investing in the tech space, probably a good person to look at. I also saw some people getting upset that the bank was too woke, people saying that it collapsed. The bank, the bank was too gay. And that's the reason why this happened. Yeah. Yeah.

I think it was a Wall Street Journal came out with a pretty ridiculous article. And it was basically like if they hadn't focused on diversifying their board with like, you know, it was like one LGBT person, one veteran, you know, one. person of color, all these different things, they would have been able to pick up on these issues rather than focusing on that. But I mean, anytime, I was just reading an article before this about like how chat GPT is getting super woke and like it hates men and Republicans. So I think anytime you're talking about anything in Silicon Valley, yeah, it's going to get kind of the woke label on it. Got it. Aaron, what's you got? Not much, man. I mean, you hit on all the

all the points that we that we kind of know about do you know anything about the I was reading up with one of the stuff do you anything about the Glass-Steagall Act um no I know what it is I've heard of it but not like

never really looked into it right no I just I didn't want to put you on a spot I just I just curious as to like the if you know like the basic level just to explain like what different kind of banks there are and why there are different kinds of banks like private versus uh you know

state banks investment banks stuff like that so so there were there were some changes right so like a lot of that is so they can't take like crazy speculative because there were there was a point right when like your your typical bank could also be like your your savings bank could be an investment bank and they were basically taking these crazy risks with your money and so I don't know the glass seagull was what changed that or if that was more recent but there were some some changes around that. But yeah, I don't, I don't know fully what, you know, Class Siegel did. Why would, why would anybody use a regional bank? Why do regional banks exist instead of having these massive big banks that are also available for people? Like, why would I take my money and

put it in Silicon Valley Bank as opposed to using, I don't know, Chase or City? I don't, or Bank of America. Yeah. So I think the, well, there's two things there. So I think Silicon Valley Bank, I think it attract a lot of people because it catered to like tech and startups and they were actually giving so some of the lending business that they did do they were taking on loans that you know people you know otherwise wouldn't take like a bank would not take right like Bank of America is happy to give you a loan for a car or a house if you have great credit but like if you're looking to fund your you know AI powered butt plug startup right they're going to you know want to make sure that you have a lot of collateral and someone like Silicon Valley Bank was, you know, was taking

on those loans. So I would say that's probably why the tech space was so interested in Silicon Valley Bank. On the regional bank side, I think a lot of it is probably like proximity to, you know, grandma and grandpa being able to go into, you know, regional bank and knowing who they are. They also, you know, tend to offer some, some better opportunities as far as like saving, like the yield on savings accounts, stuff like that. And the one of the big things, and I think the fear is that this is going to even make it worse, is that people are going to, you know, just kind of be like, fuck it, I'm going to Bank of America or City or JP Morgan because it is safer. And they've also been getting killed recently because, you know, these regional banks just can't do the same with, you know, the amount of investment. especially in technology that these other you know these other big banks have been making so they've already been on the decline and getting kind of gobbled up by by big banks and i think

that's probably just going to continue from this and that's partially i imagine one of the reasons that you know that the fed stepped in to backstop some of this stuff is to kind of to kind of halt that a little bit it sounds like a lot of self-dealing it sounds like the silicon valley bank because they were in bed with all the the big investors and those big firms out in that part of the part of the country and they were steering all of the people that they had invested in to their friends at Silicon Valley Bank who also had a business relationship with those big firms. Is that not just like self-dealing? Yeah, yeah, more or less.

And then they turned on them as soon as shit hit the fair. Yeah, of course. Of course, they're like, well, we already told you. that there was going to be risk if you invested there. But we told you you were only getting our money if you then put your money in this bank that I have a business relationship with. And it's kind of crazy because now a lot of them are coming out and saying like, well, you should have had like the foresight to to not have all your money in the bank, right?

So I think Roku, granted it's a bigger company, but they had like 50% of their cash. And I think BuzzFeed actually had most of their cash in Silicon Valley Bank, which isn't entirely surprising but they now they you know a lot of these VCs and investors are coming out and saying like you should have known that from risk management perspective and I think that's pretty hard to say like it's it's one of those things you don't really think about I think as an American especially like maybe if you're a startup founder you probably have some other stuff on your plate so I think that's kind of a hard hard thing to say to somebody like I started

you know the newsletter before it got bought by water cooler or by my barstool and like I would never once think like wow I need to diversify my bank account granted I don't think I ever had 250k in the bank but it's just one of those things that I don't think a typical startup you know would think of especially in its earlier stages maybe someone like roku who's publicly traded oh shout out BuzzFeed though for still being around that's that's the big headline that I took away so that what you're telling me is like the load speed on their slideshows or that's going to go way down they're not going to be able to upgrade their technology I need to know which cast member of girls I am

I need to be able to take that quiz Right pop right up Well they I don't know if you saw it Their stock like a couple weeks ago They announced that they were just going to start writing stuff With chat GPT And their stock like doubled overnight

That was my idea But Billy you're coming for our jobs No I literally said on this show Like months ago I was like why doesn't someone just start a blog That's all chat CBT written blogs It'd be faster than humans It would get the clicks out there faster

it would be a literal farm and be like it would cost nothing to to run besides like electricity we need to we need to take billy out billy the way that you're talking is very dangerous for future employer i know as a lazy person like i'm not i'm kind of lazy but like i'm like chat gbt does my job way faster than i can do my job i admit that so like why not just employ jack gbt to write multiple blogs and just like run the company but what you're not realizing billy is that a big part of your job is being hilariously wrong about stuff and they can't, I don't know if they can invent a robot. Chatbt is intelligent AI. Yeah, I don't know, but just like an AI system that's hilariously wrong on purpose about things. Like clickbait headlines, just like pure clickbait. Like I think

CNET was trying to do. Yeah, no smut. Yeah, chat GPT can't get horny. No, yeah, that's a good point. You can't, we got them there, boys. Yeah. The chat GPT could not upload guess that ass. Yeah. It wouldn't be able to judge smoke shows correctly. I actually have more questions.

There's plenty of image generators that I'm sure we can make guess that ass with. Yeah. I know I last question myself. I don't know why I did that. You need to ask permission to ask another question. Do I have permission to ask more questions? Yes. No, I got one more.

So there's like a, I don't want to say a debate, but there's people on both sides. Is this going to be another tough one, Aaron? You're going to ask me about it. I hope not. Hold on that. Do you believe that banks are a Ponzi scheme? No, no. Because in theory, in theory, they're trying to hold all of your money in a safe way, right?

So, like, even though it kind of didn't work out from a timing perspective, the, like, in Silicon Valley Bank did have all of your money. I guess now that I'm thinking about it Maybe a little bit Maybe a little bit It's like I understand both sides of that argument I really truly do I'm like really bipartisan on it

Like I understand But I think it really comes down to If there are investments work out or not And that's kind of What matters if it's a positive view Yeah I guess The intention is better

I think the intention is good exactly yeah i mean it's it's tough right because you hear i've heard like that argument you hear other arguments it's like well why shouldn't why isn't a bank just like holding my money it's like well what's the incentive for a bank to exist that like they're not going to be able to make any profit and then it's like all right well you know let's just uh let's just make them all state owned like that's right like that would have to be if we were just having a place where you could put your money and it could sit there like you couldn't expect to make any money off and it would be 100% safe and you could store it all there,

it would have to be government-owned because there's just no incentive for banks. So, yeah, I think there's a fine line between like where they keep it and how they invest it and who they loaned out to and, yeah, potentially being a Ponzi scheme. But I think overall, like, I would never categorize banks as a Ponzi. I think the big difference is transparency. So if you're in a Ponzi scheme, you don't know that it's a Ponzi scheme. With a bank, they're supposed to have all this documentation. you're supposed to in theory know

where all the money's going and you understand that there might be some risk involved with a Ponzi scheme they're telling you that they're doing something different with your money than what they actually are and if you started a Ponzi scheme

but I guess scheme is probably the big difference there like one's a scheme and if you start a Ponzi scheme but you told everybody it was a Ponzi scheme and you're like hey you want to be one of the first people to invest because then you'll get your money back

like a Ponzi scheme out in the open Would that be illegal? Well, that's, well, that's kind of the, I think, because you, you said that with the bank, you know there's a little bit of risk, right? You know there's risk involved. But the positive team, more often than not, you know there's a risk. It's just they oversell it. Yeah.

You know, they, I mean, that's why I really understand both sides of that argument. I was just curious on, on his take on it. Yeah, well, I guess you don't know. with a I guess it depends like with a Ponzi scheme just watch the the Bernie Madoff thing right it's like he was giving you information saying like hey here's here's how much you're making here's how much you know how we're making it so yeah I guess the transparency thing you know is is there but yeah I mean there's also just regulation right there's no one regulating a Ponzi scheme at least the

government is trying to you know ride that fine line between letting them kind of run fast and loose but also being trying to protect the consumer big t what you got yeah nothing else i don't think i know yeah mike i got to empty the clip okay permission granted does a bank like silicon valley bank offer any products that are better than like a large institutional bank like are you getting better interest at silicon valley bank like if you're putting your money in there like what like what really would it besides i mean i guess like getting loans from there like they they are flexible as you said but like for the for the person who's just putting money in there yeah so I I don't know exactly what their rates are but typically like a regional bank would

be would be a little bit higher um or try to be a little bit higher because they have to be to be competitive right so typically a little bit higher and then the the one thing that a bank like that is trying to do is they want to be kind of your all encompassing uh you know you know, your one-stop shop. So Silicon Valley Bank would be like, all right, well, let's take the guy who the startup, we're going to give him a little bit of a better rate, we're going to help him get a credit card, we're going to help him get that loan that he probably can't get from anywhere else. And then their ideal goal is when that dude has like a huge exit that they get to manage

his money, right? So, yeah, I mean, it's hard to say, like, if there's anything like really better about it, but I think it's like a level of service and, you know, the, amount like the little perks that they'll you know they'll give people and i think to you know to pft's point is like they're going to you know they're also going to be recommended to that bank by like the smartest people in the room and all their advisors so jumping back to roku for a second you said that they had what was it like 450 million dollars in silicon valley bank yeah so it was something i think up to almost 50 percent of their cash in you can you can point at the cfo of roku and be like

this guy definitely should know that this is bad right maybe maybe maybe the CEO doesn't monitor all the different accounts that they have all the time, but if you're the CFO and that's your job, that's a huge amount of risk. I feel like if we did a poll of CFOs, they would probably say, like, that's not hindsight that we're looking at. That's best practices is to not have 50% of your cash in one bank. Yeah. Yeah. That's, that's probably safe. So if you're looking, you're looking still for the scapego here, we're going to point fingers out. Who do I eat? Well, I think, Yeah, can we just, I think it's just easier. Can we just point it up BuzzFeeds?

Okay. Yeah, for sure. We can do that. That would be my choice. I know it's, I know it's less cash, but just, it's just easier that way. Okay. All right. Got it.

So you're thinking that this is not going to spread. This isn't going to be a nationwide issue that that concerns, you know, most people with standard accounts. It's not going to, it's not going to impact them. I don't, I mean, I, this is just like my opinion from what I read. I don't, I don't think it would. Obviously, there's some other banks that probably have like a similar exposure to, right, signature was, you know, with cryptocurrency, Silicon Valley banks with all these tech bros and tech companies.

So there could be other banks out there that have, you know, similar exposure kind of footprints and that are also invested in these treasuries, which, you know, could cause similar issues. But overall, I don't think that anything is going to come of this because the Fed and the Treasury stepped in and they kind of backstopped everything. And I think it's just like it's a very different, different scenario than 2008. So I don't think it's going to spread or, you know, be as bad as 2008. Okay, got it. And I have a friend who's going to be buying a house in Chicago soon, like probably very soon.

And this friend was asking me the other day, how much. money he should put down on a house given what the interest rates are. It was like, should you put down as much as possible given interest rates are so high right now? Or what's the balance that you want to strike between having a loan that you end up paying off, but you're going to have all that interest that you end up paying first instead of the principal? Where should my friend be looking in terms of percentages, give or take? Because I know back in 2011, 2012, interest rates were very, very low. You should say, like, borrow everything that you can at that point. But now it's like up to what five, six percent interest rates. So for my friend, what would you recommend to him?

Well, I'm probably like the worst person to ask about this because I bought a, I bought a house at the peak of mortgages. I got like a 6% mortgage. So yeah, it was pretty brutal. I was having a kid and needed a place to live. So I got kind of screwed there. So I'm a bad person to ask, but I don't know. I think the, you know, the standard 20. if you can afford a little bit more, you know, probably not a bad idea to go for it, but mortgage rates are dropping because of all this. And the Fed, most likely, will actually have to cut rates or at least keep rates steady, which should help mortgage rates come down a little bit.

So you can tell your friend that he might be able to get, you know, a better deal coming up soon if he can kind of wait and see what happens. I think the next Fed meeting is in two weeks at the end of the month. So there might be some good news coming for your buddy. Okay. Or you can get like a float down rate where it's understood that if they do lower it in the future. A variable or that could be, could be dangerous because I think, I do think overall we're probably going to have to pause or maybe come down a little bit, but there's still going to be the

inflation. And that could actually cause more inflation. So there's going to be rate hikes probably, I would say, on the back half of this year. So I'd be careful about the variable, but you should probably, I mean, your friend should probably speak to, you know, a mortgage expert on that. Okay. What about the trillion dollar coin? Is that still something that we're talking about? Man, I wish we'd get the trillion dollar coin. That'd be so cool to see like Janet Yellen carrying that thing around. I just want to see the coin. Yeah. Yeah, like I don't know. I, yeah, I think it's just like one of those things that they have to do at some point. And we're, we're going to run into this. issue, you know, multiple times over the next, you know, couple decades, I'm sure. So hopefully

it'll be, you know, the point. But I'm sure I'm sure Congress will get to some deal at the end of the day and like the 11th hour. Walk us through what the trillion dollar coin is and what it does because all I know is that it's possible to mint a trillion dollar coin. And so I'm very distracted by shiny things. And so in my mind, I'm like, that sounds awesome. That fixes everything. Why don't we just do that? So what is the, what's the reason that some people say that it could save everybody? Yeah, so my understanding is that we, so we're obviously about to surpass the, the debt ceiling. And so this trillion dollar coin basically would free up, you know, another trillion dollars in theory that we could just kind of go above the, the limit. So that's,

That's my general understanding of it. I don't know fully, but I'm kind of in your boat, too, that I think it's just kind of a cool idea. So I fully, like, I'm not, I'm not trying to take sides on this, but I do know that every time there's a Democrat in office, the debt ceiling becomes a big point of contention for Republicans. It's like we can't spend anymore when there's a Republican that's in charge that we don't have that conversation at all. And granted, Democrats do like to spend a lot of money. So I understand that. But it seems like we just don't. We skip that conversation every time there's a Republican in office.

Yeah, that sounds fair. Yeah, I mean, I think it probably has to do with the increase in spending under Democrats. Yeah, Democrats do love to pay people. Love to just be like money's not really going to pay everybody. I'm not a Democrat, but from my understanding, they have lowered the debt every time they've been in office as opposed to Republicans. I'm not even a Democrat, but I don't think that's accurate. We will have to fact check. The Big T is working on it right now.

He's crunching the numbers. Feels like something Big T would know. He's working on it. He's got my best guy. Clips still loaded. All right, go. Okay. Far away.

Would it be possible to get a credit card with a high maximum, you know, and then use that for a down payment on a house and then get a mortgage? So like get a super high limit You're talking about getting alone You're talking about getting a loan to get a loan Yeah Billy did you see this on TikTok No no no but I was just thinking about it the other day

I was like wow Because I got my $1,000 Discover card I've been paying like that's my limit I've been paying it off pretty well Credit scores in a good area with everything And I was like wait if I get You have a thousand dollar credit limit You can ask them to raise that bill

No but I don't really spend that much money anyway Like it's just on my dog in beer. No, no, but it's still good to have a higher limit. And then you're spending less a less than a thousand dollars a week. This is dog and beer cards. It's my dog and every guy has one. It gets so then so I got a pretty decent credit like credit score. So like I'm seeing some of these credit cards. They're like, what are we talking? You in the 800? Look, we're, we're, we're, you know, chicks. Chicks dig high credit score. Let me just say. I'm like, you know, over 750. But, you know, let's not get crazy. It's, I think I heard on, on the mean girl

pocket. It's the 6600 rule. Yeah. Yeah. Sometimes I go over by accident and just like skyrockets down to like five. I don't know how that happens, but it bounces right back up. Um, but could I like get like a credit card with a super high ceiling and then just use that for a down payment on a loan? So I am not a personal finance guru. Um, I, I have no idea. I don't. I have no idea. I don't. I highly doubt that they would let you pay that would be like paying a credit card with a credit card. I don't think that I don't think they would let what if I withdrawed it all in cash and then brought it to the bank. It was like here's the down payment and you got like a 40% rate. I guess I guess in theory yeah, you could do that.

That's that's probably the worst idea I've ever heard. But look, this is the American dream. Honover. And you should definitely do it out like. a strip club ATM so you get hit with like another massive fee we're avoiding the fees we're going to do the withdrawal at a institutional bank i mean the irony is what billy's talking about taking out a loan to take out another loan it's a shell game that happens at very high levels of banking why and it's not it's not yeah why did they get away why can't i get away why can't billy commit a little

bit of light fraud just i'd pay it off to take a long time but we'd get there we're just taking advantage I mean, it really would not be fraud if you took it out in cash, right? It's like they don't, they have no idea where the. Fuck, yeah, dude. And especially if you got a like no interest for, you know, no payments for 18 months or something, you're living, you're living, you live in sin pretty. Hell yeah. And I just, fuck. Dude, this actually could work.

Okay. I want to be a homeowner soon by this way, but actually, if you had like, if you had like, if you like had. I feel, I feel like as Billy's guardian at work. I need to step in and say, Billy, that's, you know what? Go for it. Go for it. Let, let Billy call it. The system fucks us. Why can't we fuck the system? Yeah, give me some, who? I want some consensual fucking in the system. What should, what policy changes should we lobby for as the little guy? I mean, technically, perfectly average guy. But like, as the, as the little guy, who can I talk to and what changes should be more equitable? How can we get some of the special treatment that the big guys are getting? are you talking about from billy's perspective yeah yeah i don't know i get i guess you got call your congressman i think that's that's how we start could i start an LLC get a business loan and then use that loan to pay a down payment on a house and then just make it like an office but like i live there i would i would throw something at you if i was in office i would throw something

right at you billy's talking about all kinds you're admitting to like pre-crime right now no i'm just asking questions it's parody law i mean you could could do that, but again, that's, that's just lying about what you're using the loan for, which is completely illegal. That's not even a gray area. I'm a business. I'm a business. Why is loaning? Why is lying illegal? I'm not lying. Seems like a violation of my first amendment. It's a, yeah, it's parity law. My look, this is like we're creating content. I'm content. Or law. Yeah. Content needs to live somewhere. So Tyler, you were talking earlier about Washington Mutual being a bigger bank failure than Silicon Valley. I'm looking at the graphic you just tweeted out.

and you can follow Tyler J.P. Moore and Chase at J.P. Moore and Chase on Twitter. Washington Mutual, $307 billion, Silicon Valley, $209 billion, both failures. I feel like we're talking more about Silicon Valley because it's got the name Silicon Valley Bank, which makes it sexier and crazier to talk about than Washington Mutual.

Did Washington Mutual, when they failed, did they have a similar driver behind why they became insolvent? No, so Washington Mutual, that was 2008, so that was the financial crisis. So that was like the credit risk. Okay, got it. They were heavily leveraged in subprime loans. I believe so, yes.

Okay. Just on a personal level, where does your expertise come from? Like what's your history? Yeah. So I worked in financial services consulting for like 10 years. So I worked with a lot of these big banks. And then at the same time, I was actually starting the newsletter that I sold the Barstool was doing that for like five years. So basically just like writing and reading about all these things. It's just like for the past five years that's basically been my life is following this stuff on Twitter, living on FinTwit, you know, reading every article, every blog that. comes out about all this stuff. So yeah, that's pretty much my resume and why you probably should or should not listen to me. Were you a vice president? No, unfortunately not. That's actually only if you work at the bank is like when you become vice president. Like in consulting, it's more like you're a, you know, a director, an analyst, managing director, you know, all that

and stuff. So unfortunately, I was a senior associate at my highest level. Okay, I've noticed that about financial services company or like banks. Everybody's a vice president. Everyone's vice president. And if you're talking to an associate vice president, it must be their first week. Oh, absolutely. Yeah. They're probably trying to sell you like insurance through Northwestern Mutual or something. But yeah, that's, that's very true. In the like titles, yeah, titles don't really matter. If someone's trying to talk to you or sending you a LinkedIn message, you're probably going to get duped into buying something crappy or fall for a scam like Billy's trying to create right now.

Yeah, are we, I guess this would be my last question. Are we, how do we know when we've reached the moon if we've invested in something? Because I want to go, that's my investment strategy is I want to go to the moon. I'm moonbound, baby. We're going to the moon. So what is, if you're an investor in Bitcoin, how do you know when you've actually reached the moon? Bitcoin is tough, right?

Because I mean, some people have, like I know when we talked to Billy, he said he's heavily invested with Kathy Wood. Yeah, what the fuck's going on? Yeah, I mean, she, I think she has a price target of like $300,000 on Bitcoin. And so, I mean, there's some people that have, you know, a price target of $100,000 over the next couple of years or, you know, a million dollars over the next couple of years. So I think that's hard to say. But I mean, I think if I think everyone would be very happy at this point if Bitcoin gets back to the $70,000, $69,000, whatever it was level that it hit in like November 21 before everything kind of came crashing. So I think that would be like the first mooning that everyone would be really happy about, especially if it happened pretty quickly. The trick is that once you think you're on the moon, then there are new people that get invested and they want to go to the moon.

And so now their moon is further away. And so then you think to yourself, wait, this person's going to go to the moon too. I haven't reached my moon yet. And so you stick around. It's tough to have. I found that a lot of Bitcoin and crypto investors, they don't really have a solid price target as to when they want to get out. They just know that they want it to keep going up. Yeah.

Bitcoin is weird because some people look at it. Some people are like, okay, I'm just going to be like speculative. I'm going to, you know, trade it, buy and sell it. And then some people like really truly. believe in it but then a lot of them if you ask them like well what's what's it going to be is it going to be like the world reserve currency um a lot of them think that's ridiculous even unless you're like a real kind of bitcoin maxi so a lot of people don't really have an idea of what and i think that's kind of like the sexy new thing is like everyone wants to be part of it but no one really knows

what the end goal is like does it actually become you know a hedge like gold or does it become a reserve currency, like, I have no fucking idea. Like, I've never seen anyone buy anything with with Bitcoin. So with getting back a little off topic, but getting back to those arc funds and Kathy Wood, if let's say you, you put a decent amount in at some point, like, what do we do here? Do we just like try to tax harvest or are we just going to try to ride it out till Bitcoin gets to 300,000 or whatever? I mean, I think. there will be right like in a lower interest rate environment like some of these like I don't know exactly which one you're invested in but she has like the arc innovation ETF yeah which is kind of like

her you know her big fund um I mean that stuff's going to come back right it's like tech is getting killed right now and kind of like all the issues we talked about with Silicon Valley bank all this stuff is getting killed right now because of high interest rates and as I mentioned I think interest rates are going to continue to go up probably the back half of this year um But interest rates will eventually come down. Like some of these, you know, the good thing with Kathy Wood is like she's so invested in a few of these companies. It's kind of like the VC model where she only needs a couple of these to absolutely crush, right? So if Tesla comes back up, which she's heavily invested in, which it has been coming up a lot, like she's going to do really well.

Like today, I don't know if you guys saw, but meta just announced they're laying off 10,000 more people. And so it seems like that company is becoming a lot leaner. and it could become a lot more profitable. I mean, he got, Facebook got absolutely crushed with their whole metaverse dreams, but I think they're coming around. I'm actually pretty bullish on meta. So I think she just needs a couple of these things

to, you know, to kind of come back and she could be okay. But I don't know that I would definitely, if what you said was true on our podcast that you were down like 50% on those, I would just hold out on them because it just as easily is, you know, something like that a tech stock goes down 50% it could be up you know 100% in the next i know i mean because this is ridiculous some of these have lost like some of these funds ets is lost 60% and look i i didn't lose all everyone's like i think hank thinks i lost like all my money that's what he was trying to say i'm part of my take today but he has been sending a go fund me around

for yeah no like kathy would like what the fuck but anyway if you had okay so for for the average person listening, let's say you get your first bonus out of college or you're like working one of those. Let's say you beat up Jose Canseco. No, no. But like let's say hypothetically. Let's say, let's say you get like, you know, one or two K in a bonus and you don't know what to do with it. You want to do the smart thing to do with it. Like what should you do? Like should you buy Bitcoin, buy go to the cash markets by the 12 month treasury? Like what what's the safest thing to do? where you like you can grow your money without really gambling it yeah i mean something like an amount like that small it's like i would just put it in like spy or something

it depends well it depends how long like you need if you think you're going to need it in a couple years or if you're going to need it soon to pay off your um you're a credit card or if you buy a house using a credit card um you might need it sooner but i think if it's something where it's like you're just going to put it away and forget about it. You know, you could put in something just like really unsexy, like a, like a target fund or something. Like put it in a target fund where you think you're going to, when you think you're going to retire or just like follow, you know, the S&P 500, which, you know, on average gains, whatever, you know, 10% a year, really easy. And if not, it's like, if you're really not going to use it for a really long time and don't need it at all, just put it in an IRA or put it in your 401K, like that'd be my biggest thing. is like i know there's people at barstool who literally don't use our 401k and it's like they give you i don't know

what we our matches was like 4% or something but it's literally just free money it's it's silly not to do it so i'd highly recommend you know at the very least uh matching your 401k or putting enough in to get the match in your 401k okay it's free money i shouldn't do that free money yeah okay so uh big t you have any other questions i think that's it arian anything else anything financial related good what did you emphasize it like that what do you mean a i have a question for you just i just felt this i don't know i don't have a i don't have a financial advisor i'm just using this content to get info free financial advice that's what's up brother what's your question man what did you do with your with your first nfl check did you first any of it no my first

NFL check I was on practice squad so my first NFL check was I think they know my first NFL check was my signing bonus from being undrafted which was I believe 5200 I use that to get a used car to help me get a used car and so I had like a Dodge like an old Dodge Charger was my first car and so that was like my first real one I think I got pulled up from practice squad um i think it was i was i was on a toilet and it hit my bank account and i think it was thirty one thousand dollars like i had um uh what do they call active roster it was my first active roster check i think it was like 31 31 racks and i thought i was rich i thought i made it you know what i mean i made it but um my financial advisors this

is kind of like to billy's question like if you get a bonus it's like if you're not making like investing is like sexy and I know it's actually I mean it has you know like sports gambling and investing and all these things it's very sexy but I didn't and I wouldn't advise people to like gamble money to save the shit until you get to the because a lot I think it's like 70% of America can't afford a $500 emergency so if you happen to come across $1,000 or $2,000 just put that shit away you don't have to try to grow it like you're not you're not fucking Warren Buffett it just is what it is like be smart have it for a rainy day and when that

rainy day comes you'll have it but if it doesn't come cool you still got your bread so that's that's what I did really my first year was I just saved my shit I wasn't I wasn't into investing I didn't do any of that shit and then when I got a little bit more room to play with then you start you know taking meetings and trying to understand what you're investing in in the first place and um I was actually I was actually lucky I got I got somebody who uh was really smart he's just really smart but he was really adamant about all his clientele knowing what the fuck is going on because i think it's 78% of athletes go broke after after they play in the NFL or the NBA and his whole model was it's not the fucking players like if you go to

a hospital and 78% of the patients are dying like why are we looking at the doctors why we why we are we don't blame the patients you know and so and so he's he's like it's the model like they don't teach kids they don't they don't try to make kids understand financial literacy and so that was his whole thing he was like dog just save your money don't worry about that shit and then i always had questions i was always inquisitive and i'm not by no means a financial expert like people go to school for this shit you know years i was just curious enough to pick up shit along the way and and it's worked out for me pretty well does the NFL do anything do they have like resources for you guys or will they introduce you to financial advisors or they're very like

yeah i mean i think they do a good job of pretending honestly uh that's been my beef with the NFL they pretend to care about players financially and pretend to care about players physically um they have shit in place but like so i think in order to be an NFL agent i think it's like a two thousand dollars or something like i something it's something small like i don't remember exactly what it is but what they need to do is regulate it more right so like if you sign up with an agent they have like yo this is my this is my financial advisor i want to introduce you it's like this package deal right and so i was always like yo diversity you're diversify your investments diversify your financial team that way if somebody's doing something shady we can catch them on the other end you know what i mean

um but it's just like this it's just like this pool a very small pool of people that are are in it and and i think it's very uh poorly regulated um and i don't they have like you know they'll have like rookie symposiums or symposiums like at the end of the year like hey come learn about finances but that's majority guys ain't gonna show up to that shit you know it's it's they just don't do a very good job of emphasizing it and and more so it's the regulatory aspect of it but um that's just my perspective you guys is the economy scripted the the clip heard around the world wasn't it god yes the economy is scripted god actually is i would economy is scripted yep we're all yeah i mean we i wasn't saying we get we get into the world economic forum but that's uh that's

That's a whole other, that's a whole another day. Bill, you already asked seven last questions. You can't follow up on that. I think they're trying to kill me with a tick. The World Economic Forum is they invented a tick to kill Bill. Yeah, that makes you allergic to red meat. Like a little bug your time about? Yeah, like a little bit.

He's had a lot of rashes recently. He's getting too close to the truth. Yeah. They're trying to take me down. Seriously, they're trying to take me down. He's over all the right targets. So he's taking flack. Yep.

Big time. Long story. I had some I want to talk to about. I love the show American Greed. I can't get enough of it. I watch every single episode. Something about con men, people getting caught in these situations. And that guy's voice, right?

It's so good on American Greed. He's so greedy sounding. He's amazing. I saw one the other week that I'm still struggling to process. There was a couple, and they were like minor, minor, minor celebrities. They were on reality shows. And they started this thing during COVID. out of Dallas, Texas, I think.

And they started doing an investment group kind of based... I literally watched this last night. You saw this one? Yeah, I watched it last night. So this couple started an investment group based on, I think it's West African and Caribbean investing practices called Asusu, which my understanding of a sousu is you get together, it's for people that don't have access to banks, but want to be able to save some money and have that money in a safe place.

So you get to, let's say that macro dosing did a sous. We sit down and every month we put in $100 into a pot, right? And then at the end of each month, one person gets, so it would be me, Billy, Big T, three, four, Avery, five, Mad Dog, six, Arian. We put $600 into a pot every month. And then a month from then, we give one person that's $600. So, Billy, you would get $600 after the first month. But we all keep investing.

The next month, Big T, would get $600. So the money is staying in the same place. It's just being paid out in lump sums. So it's not really an investment. It's just making sure that your money that you currently have doesn't go anywhere. So there's this one that couple said that they were starting this thing. And they created a board. and I'm going to see if I can explain this correctly

but imagine it's like a it looks like a board game and when you invest in them you get to level one on the board game and then after a certain amount of time if you sign more people up then you level up to level two and then after you get enough people invested once you reach the center of the board you get paid out like 10 times what you put in

but it was just like basically a Ponzi scheme but they started talking about these boards that were just made up in their heads and then they're like great news your board just split now you have two boards and people are like oh awesome that means i'm going to get paid out even more just making shit up off the top of their heads and then once people got upset that they weren't getting their money back they said well guess what we just created a new software system that's going to allow you to monitor your boards more closely but to pay for that it's going to be eighty five dollars a month that you have to pay to monitor your boards and i was just trying to wrap my head how do people fall for these types of things without a million red flags going up and saying none of this makes any sense at all i mean it's just it's just a deconstructed pyramid yeah or the board is a deconstructed pyramid yeah but it's a board but it's a board because it's deconstructed you don't see yeah but it's not really any different than like on a larger scale like there are people that pay so much money to go to like i know like the yak guys sorry about

like the grant cardone right like that stuff is so scammy and robert kiosaki like all these guys who were kind of these like snake oil salesmen, they're all out there and they just like wear different hats and they do it on different levels, right? So like these guys came up with this really interesting. They just gamified it, right? But there's also like my wife, you know, there's people that are like, oh, you got to,

you should join my, you know, my crystals and essential oils scheme. Right? It's like those those are the same exact thing. And yeah, I don't know how fairly smart people fall for it. I think it's like a fault in, you know, humans' brains that just like the get rich quick thing is always going to be something that people fall for. I'm sort of, I was sort of involved in a pyramid scheme, uh, over COVID. It was called pie coin. So what they're trying to do is basically try to get you to, it was this, it was this crypto and it's still going on.

Are you about to incriminate yourself? No, no, I wasn't directly involved. I can't be held liable. But basically it was like it was the first social. based coin. And I wasn't, no one paid me. I talked about it on part of my taking. I tweeted it like my pie coin numbers so people could join me in mining pie. But basically it was a pyramid scheme to spread the more people that you got involved mining pie, the more pie you would mine. And at some point, they're saying, they kept promising that the pie would be worth something. So here I'm over like, I have like a trillion pie because we're just mining pie. But I know like at the time in my head it was like there was no risk for me like like the worst thing it's doing is taking my data which every other app takes you think there is there was some risk for you as like a as a celebrity right

i don't think putting that out if they charge me with that that's their fault i'm not a fucking like like come on you're too humble billy like no i feel like you have a big enough following where it would be like you could fall into that category like gerick gensler from the cc could come out now I mean, granted, you're no, you're no Kim Kay or Floyd Mayweather, but. Yeah, exactly. I mean, like, if they think, but it, they're trying to say that, like, it is going to turn into money someday, like, and if it does, then we all cash out. But, I mean, it makes zero sense.

But, like, I did in that moment. I was like, there's no downside to me, like, doing this. I mean, at the time, it was unregulated. I mean, yeah, the only real downside is, is you wasting your time. Yeah. I guess, or unless you, like, unless you converted some other folks to it, then that's, you know, that's kind of shady of you. I mean, I didn't see anything. Like, honestly, at the time, I saw nothing wrong.

Like, I still see nothing wrong with it. Like, it was just using your battery. Has your pie converted to cash? No, it's, it's, it's, they keep saying you got to like, like, download this new thing on your computer to like, like, one day converted to cash. And then I'm like, ah, yeah, that's, that's the, that's the pyramid. Mm-hmm. This sounds a lot like something maybe our boss got involved. maybe it could be

and what's safe in the name well to your point PFT I think I think a lot of smart people do fall for this kind of shit man and it's like and I think it's just it's just ignorance and I don't mean that like with the negative connotation of ignorance it's just lack of knowledge like everybody's an expert and what they're expert

in like financial markets and this shit is confusing like it's very confusing and I believe it's set up like that for a reason like it's hard to understand stocks people who trade stocks barely understand stocks bonds treasuries the fed all this shit is banks it's just it's just a lot of information and people are like and they just whatever it

like i found the best piece of advice i just like ask questions until you blew in the face until you understand what's going on just keep asking questions and if people get mad at you asking questions you shouldn't fuck with them because it's your money you're out here working you're out here doing this shit ask questions it's not dumb you're not dumb you're not It's people don't it's as hard shit to understand people go to school for years to understand these shits ask questions I was to my people out there who are because a lot of people like I think in in this society economics and and how much we make and what to do out of money is kind of taboo to talk about you know what I mean it's not

it's not really nobody really it's not a topic of conversation it's like talking about money is not really something that we bring up on a day like oh how much do you make or what did you invest here what how to invest it's not really you spoke Like, because people are scared of feeling dumb and feeling, you know, incoherent about the shit. It's, it's, it's, you're not dumb, man. Because I had that learning curve too. I was like, I went to my man's like, I don't know about any of this shit. I didn't have, when I first got out of college, right, I didn't know how to rent a car.

I didn't know how to get an apartment. He flew down on his dime to teach me how to do all this shit because my focus was on something else. I'm not stupid. My focus was on something else. So just ask questions until you get the shit because it's your money, man. You better, better be blue in the face from asking questions. didn't out on your luck because somebody robbed you you know what I mean just ask questions man because I get frustrated I see people struggling with this shit

I get a whole bunch of DMs about people like yo I don't know what the fuck ask questions man all right that's my rant all right been good rant I have I have another last question we got to empty the clips so we're blue in the face should we audit the Fed yeah keep asking questions Aaron just said it should we are we auditing the Fed what does that mean does the Fed need to be audited I just hear people say it so it sounds like a cool catchphrase listen we should keep asking questions and we should hold them accountable so yes we should we should probably audit the fed and every other government agency which the what's the government

accountability office says they they do stuff like that but they're also part of the government so you know how much can we trust is the gold reel in fort knox yes i've seen them myself No, I have no idea. Is there gold on their Wall Street? I know there's gold on their Wall Street. Well, yeah, there is gold at the Federal Reserve, yes. That's what that's actually, I believe, or at least they say, you know, on the walking tours, New York City. I believe that they have more gold than Fort Knox there.

I think they do. I don't know. I don't know why we just don't get some jackhammers and just go down there. I feel like that would go for it, bro. I feel like that would be the best, like. use of our time to make money just go rob it it feels like the it feels like the worst place to like have the gold right like i don't know it just seems like a much harder place to defend than than it should be like in in manhattan um like in a busy city well i mean militarily

it'd have to be like a whole army that you'd have to take all of new york city and strategic you have to take the city new york city is like a fucking fort in itself are i mean the british did pretty easily. Yeah, but that was before we had military installations at the mouth of the harbor and had our military apparatus. Now you can never do it. That's true. The Germans got a U-boat pretty close,

but we snuffed that out. Good for us. We did it. All right, any other last, last, last, last, last, last questions? Or Tyler, if you have any last questions for us. Should I get a credit card with a

hire max to get a loan for your other credit card just like should i get a credit should i get a new credit card that isn't just a thousand bucks because i really don't see a point of like i i think like credit uh credit card experts would say like you should probably have like two or three credit cards i could be wrong on that but i think it's like credit is such it's literally the biggest scam going like you have to spend money to make sure that your credit grows but you can't have a certain right like you should only have like like between 10 and 30% it's like

it literally is just kind of like a game that you have to play. So I know there's like some hard and fast rules that you know whatever the three credit bureaus are that you can look at but I think there are like you know get a get some credit

more credit cards, a few credit cards you know actually spend every month but always pay it off a few other things but yeah I would also try to increase that credit limit billy but why because they they look at it on the percentage that you spend so say that you're saying that you're spending you know five hundred dollars a month that means you're using 50 percent of your your credit limit and that actually could work against you so if you got

like a ten thousand dollar limit and you're only you know you're spending 500 it's you know five percent okay actually now actually will perfect thank you so much all right thank you Tyler I appreciate joining us again you can follow them online you can follow them on twitter you had instagram plug all your shit thing at jp more and chase um you can also sign up for the daily finance newsletter we talk about markets and everything that's going on water uh the watercoolist dot com um and i think that's all i got that's all i got going on joining us not from oh actually i lied i lied i also have the family office podcast with large we had billy on a couple weeks we We usually, we have somebody on, I think we're about to drop a KFC episode where he talks about everything that happened with his personal finances recently.

So that should be a good one. Okay. Sounds good. Check him out. Joining us not from heaven, but from tax heaven, South Florida. That was good, Billy. I've been holding that the whole time. You nailed it.

It looks like, look at your face. Like, when you spit that joke, you're like, did you, did you hear it, did you hear it guys? No, I was going to say, but I got lost in the shuffle. That'd be the Cayman Islands, though, weren't it? I'm going to start of Cayman Islands account South Florida Just go visit All right thank you Tyler

All right thanks a lot guys Have a good one All right see you Peace brother All right thank you to Tyler for joining us That was illuminating Good chat with him You can check him on

Barstle Finance and check out his newsletter as well Watercooler right The Water Coolest I actually used to read that All the time When he came on I was like Holy shit

my mistake my mistake i don't want to give any publicity to the water cooler it's watercoolist yeah to be the coolest at the water cooler that's right uh i had a i had a three chi thought yesterday when i got home from phantom of the opera which i didn't like what did you like about it uh it was it was super confusing um almost all the plot was driven in song format and also i just didn't the the story of fan of the opera major in cell vibes oh yeah the dude that the phantom he persuades the main character the woman that just took over the show to like come visit him in his scary dungeon and then he like screams at her for a while and says only i can teach you how to sing correctly and then he works with her on music and then he flips the fuck out on her and

throws her to the ground and then he's like but you still love me you'll always like and then she goes back to like the real world and she's got a boyfriend who treats her really well good guy and then she's torn because the phantom's like, what the fuck? Why are you throwing me out? Why are you going with this guy? Wouldn't you rather just spend all your time canoeing with me through hell? Wasn't that way better than having this normal love life?

And then the woman has to make a decision between a perfectly fine guy who's normal and good to her that she likes. And then for some reason this creepy-ass phantom dude that's basically trying to kidnap her for the rest of eternity. Does he wear a mask? He wears a mask because he's deformed, yeah. How do you get deformed? From birth, I believe.

Damn. Yeah. So now, now the woman, we're supposed to believe that the woman doesn't know who to choose. Why are you laughing like that, Billy? It's just, I remember, like, my mom used to listen to the fan of the opera soundtrack. And having you describe it this way is totally different than the way I imagined growing up. Yeah. It makes so much more sense.

Yeah. The phantom's like, why wouldn't you want to live with me in hell? It doesn't that sound way cooler than being a successful singer and having everything you dreamed of? And then so he gets mad at her and then he like hates her and starts killing people. It's major insult vibes. I got the total, I was described to me as like a total romance story of an underdog like prevailing because he had the best voice. And he was like and no one else could sing like him, but he had to hide in the sewer. yeah i mean that's that's probably a part of it but that this makes so much more sense yeah he was hiding

and he was he was hideous from birth and so he's basically like a freak that was trapped down there and then i think that maybe the point that they were going for when they wrote it was like this is he is an underdog what a tough decision but he's like the least sympathetic character of all time and then yeah wasn't wasn't a fan and it's tickets are expensive for it and it's going off broadway it's like the longest running broadway show ever save your money go see book of mormon instead right big t uh yeah they say every show is the longest running broadway show ever everyone that's gone away that i've seen was the longest running show ever imagine you just your girl goes to work and you just find out she's like running around to the sewers

with some yeah some ugly dude yeah this guy really brought nothing to the table just you can say we're supposed to be like i love the phantom he's he's so artistic and dark and weird you know what it was like to me when a guy's like how come chicks don't go for nice guys like me this is the phantom definitely thought he was a nice guy arian's arian story told on monday was the phantom of the opera oh the thread yeah yeah i could it save myself a lot of time and money yeah and just listen to arian read that damn thread again uh no phantom of the opera is the longest running show in broadway history officially so i've heard that about cats i've heard that about um Something similar for Beetlejuice, like Beetlejuice has been there forever.

Katz is number four. So at some point Katz was until, oh, it stopped on September 10th, 2000. Oh, it's 2000, not 2001. All right. That would have been, I would have had some questions about where the cats were on 9-11. True. And Lion King 3, Chicago, 2, and Phantom the Opera, number 1. It's going to be Hamilton, right?

probably like hamilton will just be there forever yeah so so i got home from the show i'd taken some three chi and then um actually that'll be my three chi thought for a week how about we make that a recurring thing i'll do a pf pfc i'll give my three chief thought of the week so let's get into some voicemails okay oh i think one of them's for arian but we'll see oh yeah arian had to duck out he had an appointment that he just left to go to so uh i will answer for arian Yeah, can you just answer on behalf of what you think you can say? Yes. Yes, I will tell. Hey, guys, it's Alex from Brooklyn.

I appreciate y'all answering my first couple questions. I appreciate that. I have two questions. One's a quick one. What makes big key laugh? Like, actually laugh. I'll see a rye smile or maybe a chuckle every now and again. But I mean like an actual like double over belly laugh.

That's actually a really good question. I mean, T, you could use a little more laughter in your life. It's not there already because it's not evident in the podcast. Also, PFT, I'm sorry about getting called a yuppie the other day. I know you're in a search for a house. What feature do you really, really look for in the house? As an architecture, enthusiast, interior design enthusiast, what is like that one thing the TFT want this house.

It's very unique. Thanks, guys. Okay, good questions. Big T, I know you're Big Jeff Dunham fan, right? No. Love that guy? Where'd you come up with that? I think that's just a lie that we should run with.

No, I actually kind of hate that guy. Big Tee, massive, massive Jeff Dunham. Loves puppets. I'm trying to think, I'm asking my girlfriend right now what makes me laugh the most. Owning Libs. That doesn't make me laugh. it gives me satisfaction, but it's not really humorous

because the country is at stake in those discussions. It'd be funny if it wasn't so dangerous. Right, right. I mean, you know, there's real lives at stake. I don't know. Like, just as a general category, I would say stuff that's like really unexpected maybe. Okay.

know like i don't know how to you know quantify slapstick the jokers the impractical jokers no oh we got to find videos and see if they make big t laugh yeah will big t think this is what's the funniest video you guys have seen a long time i don't know if i can i can say her response she said when she's acting insane um but like i don't know mackenzie feel free to laugh You were stifling that. Do you have a good laugh? No, not good. You're fired.

No, it's not annoying. It's not annoying. Yeah. Okay. Having somebody with a solid laugh is always a good addition to the crew. Mm-hmm. Can turn the worst joke into it. It's a custom laugh track.

Yeah. Yeah. That I've been running on my own for two years now. Yeah. Feel free to laugh. If you feel a laugh coming on. No, please laugh. Make sure the microphone's on.

Yeah. Just really go for it. You have to laugh. to make all of us feel better. And then it's also the power of suggestion where if you're listening at home and somebody else is laughing, then like really said, it's like a yawn. It's a contagious. Yep.

Perfect. Thank God. Good. Appreciate that. As for my house features, it's interesting that this person asked that. What was his name? Alex. Alex from Brooklyn.

Because when I was looking at houses, I'm very, very stupid when it comes to purchasing a house. The real estate agent that I'm using in Chicago had to, remind me several times you don't want to buy this house because the TV is big in the living room like that I don't get that TV I don't get that TV and also I can buy a TV to put there in any house so when I'm when I'm going through the house and there's there was one like 85 inch television I was like I love this basement this basement rocks that's crazy you can have a basement yeah and yeah I'm so excited I love basements never had one growing up it's really so I saw the TV and I was I like this house a lot.

I want to buy this house. And she was like, you know, you shouldn't buy the house because of the television in it. I was like, thank you for reminding me that. Also, there was another house that I wanted to buy because it was two blocks away from my favorite wing place in Chicago. And she was like, you know that you can just walk from another house to this wing place. Or you can drive to the wing place if you want to. And then because it's 10 minutes away from this other house that we looked at. And then there's also, I look for bars that are.

nearby, if there's a bar that I really like, then I want to buy that house. And she's like, so you could buy this house, which sucks, but it's right next to your favorite bar. Or on the other hand, you could, and hear me out here, buy a different house and then pay a $5 Uber ride to get to the bar and then get home. And so she's having to remind me of these things on a regular basis, which I need that reminder. Or you could buy the bar and just live in the bar? Yeah. What? Or live below the bar like the phantom? Like, it's a better asset than a house. Is it?

What was this guy saying about you being a yuppie? Oh, yeah. Yeah, so I told the story. This is my Fire Fest from last week on part of my take. But I was walking, I was taking tours of these houses. As I was going up the driveway, someone had written in the cement, like, fuck yuppies. Something like, it was either like go home fucking yuppie or fuck yuppies because it was a new house. And they assumed that whoever would purchase that house would be a yuppie moving into that

neighborhood. And so it indirectly called me a yuppie. And I was thinking to myself, like, am I a yuppie? I don't, I have never been called a yuppie before. I feel like that, that slang went out back in the 90s. Oh, I've always, I've always called people that. Oh, really? Would you call me a yuppie? So, no, no, you're, you're, you're not, you're not young anymore. Your personality traits, not necessarily. Your station in life and some of the things you do, yes. I have a job. Going to Phantom of the Opera on a Monday night and returning home to your, I won't say the neighborhood, but affluent, you know, home, that's, that's yuppie behavior. Okay. I'll agree to that. Yeah, that is definitely yuppie behavior. But they, so it's a young

urban professional. So I'm urban. I actually didn't know that. It's basically, it's anybody who doesn't work with their hands. It's like, if you have a job. So we're all yuppies. I always just took yuppie to mean an uppity younger rich person yeah i took it as uppity yeah if you watch if you watch national lampoon's christmas vacation the next door neighbors Todd and margot correct those are yuppies why's the carpet wet Todd I don't know margot yep absolutely fantastic movie um so yeah I guess I guess I kind of am a yuppie but I'm a self hating yuppie I'm more the good ones no but we're we're we're artistic we don't dress up we're like we're artsy kind of this is very artsy potty

Are we arts? Billy secretly is like an art. I work with my hands. I blog. Yeah. You see these calluses? That's that blog life for you. But the real answer, and again, this is another dumb, dumb answer I'm about to give for what I look for in a house because there was one house that had a sauna in it.

Oh, dude. And you got to get a cold plunge then. Yeah, I would have to. You're absolutely right. So I saw a sauna and I was like, I want this house. And then the realtor was like, I want this house. And the realtor was like, you know, you can buy these at Costco. Yeah.

Costco sells saunas now. Yeah. Wait, how much is a Costco sauna? Probably like a thousand bucks, $2,000. Check. That would be a really good investment. You and I define investment very differently. Yeah.

No. You could. I'm going to put it in my backyard. I have a tiny backyard. It's $2,300 on, oh, that's on Wayfair, so it might come with a child. inside. Yeah. Yeah, that was a wild moment, huh? But yeah, so I'm seeing $5,000, $4,000. Yeah, you can get one for under $2,000 at Costco. This might be worth it. So now are you looking at sauna houses? So, I mean, it's still in my head, like there's that one house that I looked at that had the sauna

and I'm still very much drawn to that for the sauna reason. But I also now hold in my head the thought that I can just buy a sauna at Costco if I find a house that's better. It's going to be so crazy. You're going to have a house and a car in a basement. Yeah. I'm grown up. I'm grown up. It's sad.

Damn. Like Peter Pan. I was just living without a basement all these, all these years. Big T. Did you find Borat funny? Yes. I could see Big T having big belly laughs with Borat. No, I like Borat.

One of the funniest movies of all time. Yeah, that I can see getting big. you like bent over. Borat got less funny. That was weird, Billy. What? Bent over. Borat.

What? Doubled over. Doubled over. Borat is an all-time great movie that was somewhat ruined by people talking like Borat after the fact and really running my wife into the ground. A good, a good my wife, though. It plays now. Yeah. It's back.

But for a couple years after Borat, it was everybody was saying. But if you, yeah, if you drop a good, my wife, Big T's right. Yeah. Very funny. All right. Or a good. I hope George Bush kills every man, woman and child in Iraq. Yep.

May their, may their deserts run dry. Yeah. It's great stuff. I knew Borat would hit the, yeah. Oh, Borat does hit when, I mean, there's, I'm just going to start naming scenes, but yeah, that movie is elite. Yep. Agreed. Oh, Borat when he.

when he's at the dinner party or like when he's running through the hotel with his buddy who's naked. Yeah. Like that's male nudity always plays. The male form is is hilarious. People say it's ugly. I think it's just funny.

There's a scene in banshees of Inishiren. Have you guys watched that movie? No, I need to watch that though. I saw the donkey at the Oscars. I love the donkey. Jenny's the best. Jenny. There's one scene where one of the characters in the movie is completely nude, passed out on chair and it's just hilarious it's just i don't know what it is like the mail form is so lumpy and gross and weird and disgusting i was just laughing the entire time so real quick the funniest thing

in borat isn't even in borat it's a news clip from when he did the uh the thing at the rodeo like a real-life news clip this isn't in the movie and they talk about it happening and that's the funniest thing from the movie i i might let me see borat on the news news leads scene. Can we play this? Yeah, we can right? I don't know. You don't have to play it, but... I want to see you laugh. You can look that. But you didn't like Bruno. Never seen it. Yeah. All right.

Saja Merrin Cohen got real lib. Yeah, see, loved Borat, hated Bruno. Hot wife, though. Okay. Hey, what's up? It's Sam from Baltimore. I'm just interested and if you had to open a restaurant, what would be your cuisine? Like, like, how are you setting up your

appetizer menu, how are you setting up your entrees, et cetera, where you lean in on cuisine? Or are you moving into set establishment as an investment opportunity? I would, um, hmm, some sort of sandwich with meat, cheese. A burger place. You could, no, me, no, you could do like a buffalo sauce version of it, um, maybe some brownie bites, some fries. Oh, yeah. Yeah.

And it's like, is it like delivery only? It's delivery only, but we'd probably have some trailers that were set up. I'd work in that. I'd like that idea. Yeah, I'm going to have to really rack my brain and figure out. And it has like a cute punny name. Yeah, I would have a cute puny name for sure. Would be around, like, it'd be really spicy, very spicy.

But around sporting events too, right? Yeah, be super spicy. And then. I'm thinking this goes nuclear like 500 plus locations nationwide. Yeah, I think that sounds about right. And then I would also make sure it was really, it was in a style of, sandwich that was really unfotogenic. So no matter how good the sandwich was, even if you took the best picture of it possible, it still wouldn't look that good, but it would taste really good.

So that's, um, it always hits. It does hit. It would always hit. It hits big time. Now, I would do, I would do, uh, I would do dumplings. I would call them, I would call them dim sum good dumplings. Macro dumps. Macro dumps. Macro dumplings? Yeah, dumpling cast. No, I think we're going to have to get Donnie on and I'll have to do a dumpling versus wanton cook off with them, I can make a fucking dumpling. I'm, I've got a legit dumpling recipe. Did you make those in COVID when you were in the cooking era? Yep. I sure did. I would make a restaurant which is all my favorite foods of different varieties from all sorts of parts of the world. It would be so cool. It would be like in everything restaurants. Chinese, Mexican, Italian. You're talking about a Vegas buffet.

Or a Golden Corral. Oh yeah. Golden Corral. Yeah. You would be like, you. Billy invented Golden Corral. It's like all my favorites from all of them just in one place. So it's golden. Yeah. But like, but like it's got like like like burritos but also like peaking duck and like like pork fried rice but also chicken parmesan and veal parmesan. Yeah.

You invented a buffet. And like spaghetti. No, we're getting back on the red meat train. They won't beat me. Those globalists won't stop my red meat consumption. I swear to God I'll die on this hill. Yeah, Golden Corral is elite It's really, really good

Yeah I remember when one moved into Greensboro, North Carolina I was visiting my grandparents And they flipped out They were so happy about it We went over to visit like three of their friends that week And that was the entire discussion point In every single living room that I sat in with my grandparents

You see new Golden Corral open up That's some good eating I just did a sling blade voice for my grandfather For some reason I'm not sure why Oh and there's just a like waffle house in the restaurant from all day. Yeah. But it also makes New York style

bacon egg and cheese sandwiches like deli style. Okay. But also Waffle House style and steak and eggs. Yeah, what about you, Big T? Mine would be as close to a direct copy

as I can get to the greatest establishment in the world, which is Yard House. I knew you're going to say that. Just if I could just copy the menu and everything. I went to Yard House last weekend. Me too. I've got, my problem with Yard House is the menu on the iPad that you get.

It's tough to navigate. If an old person going in there would see that and be like, I just need to talk to a human being. And they make it seem like you can order from the iPad, which would be great, but you can't. You have to hit the button for the server to come. Yeah, that's weird to me. That's goofy.

But I sat in there for like two and a half hours on Saturday. It was glorious. I've never bit. Me neither. Let's go. Do you want to go today? Philly, do you like beer? I'll go tomorrow.

I'll go tomorrow. Oh, after extra dose? Say it again? After extra dose. Oh, yeah, let's go. All right, we got any more voicemails? Yeah. Let's do one more, yeah.

Yo, what's up? My name's Ryan. I'm from Pittsburgh. Fuck yeah, Brian. I think I was watching a yak the other day or maybe a couple weeks ago. And KV mentioned how he fake got into Van Halen

to try to impress people, but you really didn't care about Van Halen. But that got me thinking, like, did I ever do that? Did I ever think of, like, fake be into something to try impress people? So I guess my question is, have you, any of you, did, got in, said you got into something just trying to impress people? All right. Stay beautiful, say handsome. I'll see you guys.

I broke into an EDM concert and I really care about the DJ. To impress someone? no how'd you break in I snuck in through the trash no that's actually really wait wait they're bringing trash into a concert

no no I couldn't basically I couldn't get in my ticket was fake or something the guy didn't want to let me in and I said fuck that I wanted to go with my friends into the party and I didn't really care about the EDM wait actually this is a different question I didn't really care about the EDM

fucking DJ but like my buddy was into it and i was like fuck it i'm getting into this i'm not just getting left alone like you know underage no id like everyone gets in but you that one time for no reason so i just like went around back climbed in through where the dumpsters were snuck in through the back because like if you get over the fence sometimes the door is open so then you just walk in the back door walk around just like found myself in the kitchen then just snuck into the main dance floor and i was in All right. So I snuck in through the trash.

With the trash. Yeah. Like, you know where they put the trash out? Mm-hmm. A lot of people leave that door open, but they think that the outside fence locked will keep people out. One time I was dating a chick and she was really into drinking Captain Morgan. And so then I pretended to like Captain Morgan rum a lot. And I would buy a lot of Captain Morgan.

That's the closest thing I could think of. Didn't work out. I dated a boy who was really into hunting. and I pretended to be into hunting for a little bit. Did you kill anything? No, I didn't go hunting. But, no. What do you have to do to pretend to be into hunting if you never have to go?

No, like, I'm, like, kind of, like, against it pretty much in all forms. I don't like the idea of it. So he, like, killed deer. And I would have to be like, oh, my God, that's so awesome. And he would, like, send me pictures of him holding the buck up. And I'd have to be like, babe, that's so. That's such a big deer you shot. Yeah, and it's not definitely bloody all over you.

That's so fun. You're a very supportive person. Yeah, but that was hard. That one was hard. Yeah. When I was a kid, my grandpa lived in Daytona, and I don't remember if, you know, it was pitched to me as this is where they have a really cool racetrack, like there's, you know, cars are there all the time and stuff.

Or if I just, I don't remember how, but I, I, like, was like, oh, that's cool, I guess, but, like, I didn't care at all, but I pretended to be, like, really into it. Yeah. And he, the only sport he liked was tennis. That was it. He hated every other sport. So he didn't give a shit at all. And so I would go down there, and I'd be like, man, this NASCAR, that's, like, really cool.

And I didn't give it care. And we would go to, like, the practices for the races and stuff. We'd go to all sorts of the shit. And neither one of us liked it at all. And I thought he liked it. So I was like, oh, so I'll pretend to like it. And nobody liked it at all. Hmm.

So we were all just wasting our time. Everybody was thinking the same thing about the other person. Oh. That's funny. I like that. I tried to get into F1 because everybody else was talking about it. And there are some of the storylines that are interesting, like objectively, if you don't care about the sport.

But because everybody was talking about, I was like, yeah, I'll get an F1. And then after a couple months, I just realized, I don't actually like this. and so I'm going to stop pretending to like it. Yeah. Weed in like heavy gangster rap. It was just something that I was just around at one point and I was just like, I guess we're just rocking with this. And I was never really into it. Now you've got three chi.

You don't need the weed. Right. Exactly. I have one breeding breeding bunnies. You got really into breeding bunnies? No, I fake. Wait, don't rabbits like fuck all the time? That's the only thing I know about rabbits.

It's like they're humping like rabbits right now. Yeah, it's a profitable business. But you bred them? I didn't do that. I had to, same person, bred bunnies. Oh, so he had a caring side. He made life and, yeah, there you go. And then he had, yeah, mm-hmm.

But I had to go on bunny deals. I bet those were. Oh, my God, that was been so fun. That was been so fun. Was he, like, selling, like, designer, exotic bunnies? Not, like, design it was, but, like, Facebook Marketplace. He was selling rabbits. There is, you had to roll up to bunny transactions with this guy.

We went one. Bunny people must have been wild. In case shit went down. He definitely brought a gun to these bunny deals. Yes. Yes. To, like, Walmart parking lots. I stay strapped in case this goes sideways.

I buddy dude yes I I I'm gonna say one more thing about like we went one time the day after my grandma died

and he told me it would cheer me up Are you okay I can see where that came from the bunny like bunnies You don't make you happy if I if I offloaded seven of these rabbits You'd like that wouldn't you

And they weren't like at And they were like, like, 40 bucks. It's not really profitable, but... Listen, you know, this guy's just doing his best. Yeah. Trying to cheer her up. Yeah. Well, it wasn't even like to hang out with the bunny.

He was like, come on a four-hour drive with me. Oh, my God. You are ride or die. I've been some chicken deals in a Walmart parking lot. And the people who roll up... It's an interesting. The people selling them, like, Yes, I was trying to, like, establish a good laying hen population during the pandemic, like a lot of people.

But the people who were dealing. Yeah, it's a pandemic hobby. Yeah. The people who are dealing, it's the funniest thing. They get really serious. Like, do you have the money? And it's like, you know, dude, we're not like dealing drugs. I'm not going to screw you over for some chickens, bro.

Like, you're not going to just give me the chickens. I'm not going to just drive off on you. All right. That's a good episode of macrodosing today. We will see you guys next week. Actually, we'll see you guys later on this week for extra dosing on The Last of Us and dinosaurs, and it'll be a nice girls podcast. Yeah. All right. Love you guys.