The Nateland Podcast - #33 Wall Street

Episode Date: February 10, 2021

If you've been confused about what's been happening on Wall Street lately, you'll be even more confused after listening to this week's episode. The guys break down the GameStop controversy, learn about Bitcoin, and discuss the future of money. Do they get anything right? Probably not.   Co-hosts: Brian Bates ( https://www.instagram.com/brianbatescomic) & Aaron Weber ( https://www.instagram.com/realaaronweber)   Podcast produced by Nate & Laura Bargatze Recording & Editing by Genovations Media https://www.natebargatze.com https://www.allthingscomedy.com https://www.genovationsmedia.com Email - [e-mail] #nateland #natebargatze

Hey, I'm Jillian. And I'm Patrick. And together we make the podcast True Crime Obsessed. If you love documentaries the way we love documentaries, you might be interested in our show because we recap all the documentaries that you're watching. We've covered just about every true crime case you can imagine. We're talking the Hatchet Wielding Hitchhiker,

the Ted Bundy tapes. What else? The Turpin 13. Yes. The amazing sisters who basically tell the story. The girl in the picture. Yes. All the documentaries you love to talk about with your friends. We're your friends now. We're the friends you talk about that stuff with. Yes. With the amazing sisters who basically tell the story, the girl in the picture. Yes. All the documentaries you love to talk about with your friends.

We're your friends now. We're the friends you talk about that stuff with. Yeah. We're True Crime Obsessed Podcast. Stitcher us on Apple Podcasts, Spotify, or wherever you listen. What's up, everybody? Hello, folks. Hello, folks.

I hear folks, we've talked about that. I do hear it. I hear it every day. Well, President Biden says it all the time. So it's going to be around. It's going to be around. I think we started it. He probably listens. He's like, I'd just like to get a break from...

Welcome, everybody. Glad you guys are here. As always, I'm here with Aaron Weber, Brian Bates. And we are, as usual, start with the comments. We're recording this episode early. So the comments about last week episode uh on new york will be read on a later date we're a little here and there because we got with the states as you have seen uh we're kind of doing with comics coming in town and so it makes kind

of fun good way to have a lot of my buddies on And talk about their state And just be funny or whatever We did a long one With Giannis last week So see we're getting ready It was a real long one But so yeah So we plugged that in And then we got some other ones

Some moving around We will get back to normal I think after this I'm going to try to get back to normal, I think, after this. I'm going to try to get back to normal. We're going to see. So just so y'all are up to date on what's going on. Derek Visser, the co-host, definitely earned a seat at the table today. I literally had coffee coming out of my nose when Nate said,

all right, this has nothing to do with anything but chives. And somehow Biff and Aaron Charbrill managed to steer it to the topic of the day. Nicely done. What, after the chive thing? Because then y'all got it back on. Well, I don't even think we got started yet. But I don't know. I think I said, you know, you talked about how you sprinkle chives on everything in your job.

And I said, oh, well, we're talking about odd jobs today. Yeah. So maybe that's what he meant. Oh, yeah, yeah, yeah. Yeah. Yes, they got it back. Sorry, I was trying to bring some comedy to this podcast for once. At least something's being brought to the table.

Tim Wiegen. Wiegen? Wiegen? Wiegen? W-I-E-G-A-N-D. I've never met someone who expresses exactly how I feel about onions and chives and tomatoes, for that matter, until now. Great work, Nate. I like the work you're doing as a food critic. Maybe an entire episode on foods that everyone hates.

It's not a bad episode. That is a really good idea. That is a good idea. We might do it this episode. Sounds like you have a customer for your restaurant one day. No tomatoes, no onions? Mm-hmm.

Yeah. I think about it. I'm going to go try it. I'm going to try it on stage to see if it works. I want to be curious. I haven't seen a bunch of stuff here

that I think I've done on stage yet and I want to... That one's like fun and silly. Mm-hmm. And see if it works in the live format. Get a real taste then. Jason Hughes, your chives take is exactly how I feel about lemon and iced tea.

Why do they assume I want a lemon in there? I don't want super weak lemonade. Assume we all don't want it and save some money. Give it to the people that ask for it. You guys are the best. I agree. You know, a big lemon, lime kind of thing, it's more up north, Diet Cokes. You have to go.

It doesn't really happen here. But when I moved in, when I was in New York and Chicago, they just bring lemon or lime with a Diet Coke, and you have to say it, no fruit. Which is like, I feel like they're making you say something. And then sometimes I'll take the lemon out, I set it down next to it as an obvious statement to go, I don't want this. And then when I get another Diet Coke, they bring the lemon back in.

I'm going, what are you? And then I put the second lemon next to it. And then I'll do one more to see if they just, you know, it kind of becomes a game. I used to like the Diet Coke in the cans that came with lime and lemon. Remember those? With a little lemon twist? A little lemon twist.

Those are good. Well, that's what a lot of people like, and that's why they do it. It shouldn't be the default. Yeah, I agree. I agree. I agree. Just bring a plate of lemons if someone wants it. But I get more.

I get tea having like lemon with it, I think. But Diet Coke to me is there's no way enough people, unless they're doing it up north. That's a north thing. Travis Antrist. When Nate Bushwacker Bill and Aaron started the episode of Odd Jobs, I thought there would be more interesting, funny odd jobs. The jobs brought up were just basic jobs.

The oddest jobs that I ever got paid for was trapping skunks for an elderly neighbor. The neighbor lady wanted me to just drown them, but I couldn't do that. Instead, I would drive them five miles in the forest and let them go and yes i was sprayed a time or two well yeah travis we didn't live i don't know where you grew up in just the wilderness that's very funny i mean that's that lady just saying just drown them yeah i don't know just drown them i mean you know it's like she's trying to build a serial killer. I would imagine that's your first step. Yeah.

Just try to drown somebody. Oh, try to make the kid. Yeah. Like animals. That's the, they interviewed Jeffrey Dahmer. I might have talked about this. Jeffrey Dahmer's dad on a on a like 60 minutes or something one time and they asked him they were like do you do things as a kid he was

like you know he killed some animals and stuff like that but he's like nothing that and he was always like oh yeah just kid stuff i mean just like kids being kids you know hanging squirrels stuff like that i mean you know no no besides that i didn't see anything there's there's a ton of signs but that's always like you never in the moment there's definitely probably been way more people that have killed animals for no reason yeah not become serial killers and then have but it is you know he's doing it alone you're like no friends there wasn't a group of kids you know it's like you at least want some friends right the fact that he's doing it alone and likes to do it alone

is uh kind of the problem yeah justin justin d flitch being the new guy on the job i was given a simple task of delivering a moving truck to a building that was just down a few streets while trying to find parking underneath the building, I rammed through the hanging sign that said eight foot max, eight feet max, getting the truck stuck underneath the building, knocking out the sprinkler system and blocking people from getting to their cars. It took seven hours to repair the sprinkler lines and get the truck removed.

Thanks for reading reading this podcast is the best thing that's ever happened to me i like that i mean justin he's still there's a oh that's the picture of it that's uh justin's work right there wow i mean just you just drive it you have no idea And as it hits, you just think, ah. And then you probably snug it in there more if you try to back it up. You try to do something, and it just kind of gets it in. I think you just got to try to go through at that point, right? Let me just finish it out.

I don't know if it's going to let you. Like he's hitting the thing in the sprinkler system. That's a mess, dude. That's a whole thing. I worked with a guy at the TV station, sports guy, and he was anxious to get back to the station

to get his, he was live out at a baseball, at Greer Stadium, the old sounds baseball game, whatever. He was anxious to get back to the station to get the stuff on the air.

For some reason, he didn't have a car. He was waiting on his guy or something. So he decided, I'm going to jump in the van, the one that has the thing. That goes all the way up.

The satellite that goes all the way up. Yeah, it's not a satellite, but it's like that. Yeah. Yeah. And it wasn't all the way down like it was supposed to be. And he went underneath a bridge and just took the thing out. That's got to cost so much money. Oh, man.

Yeah. Thousands and thousands and thousands of dollars. Yeah. Well, those kinds of things must just happen all the time in jobs like that. Not that specific thing, but truck drivers get in wrecks all the time, right? Yeah, and he had to be licensed. He wasn't licensed. He shouldn't even be driving this vehicle.

Oh, yeah. You have to have a special license to do it. Yeah. But it does happen a lot. Yeah. Does he get in big trouble? He didn't get fired. He got reprimanded.

He got fired later. Oh, he got fired later now he got fired later for for other stuff yeah my job in college i worked at uh the oit the department that handled all the computer clusters around campus yeah and basically you get called if there was a printer jam in a dorm but that meant you got to have a golf cart on campus, which was like the coolest thing to just have access to a golf cart. And this poor girl that I worked with, it was like her first day drive. She just crashed this thing into a building on campus right between classes where hundreds of people are walking. It was just so humiliating.

And we didn't get to drive the golf carts for a while yeah we gotta look into this she just went into the building everybody saw oh dude it was like a glass yeah side of it crashed people came out yeah and then all the classes got let out as she's standing yeah oh yeah just please don't let out and everybody everybody. Yeah, the bell rang. There's a bell in college? No. At Ball State. Yeah, at Ball State. We had a bell.

They taught us how to ring the bell because they said you guys might be in charge of bells. They just figured if you go to community college, you're going to be around bells. More than the average person that doesn't go to community college. I watched a video this weekend of a guy with a golf cart, and this old man trying to fix it in a garage, and it backed up into this door. He had like French doors, and it just goes through it, and he gets it forward.

And you see him just sitting his hat off. He's just by himself, and he's looking at that door. Like I got to go get this door fixed. It's like a whole thing. And then he like touches something else in the car, just shoots off forward and just drive through the rest of the garage. Very funny. Like just situation.

You're just alone. Yeah. The idea of being alone when all this stuff happens. Was it the footage from like a security camera? Yeah. Yeah. Yeah. Was it the footage from his security camera?

Yeah, something like that. His garage or something. Yeah, yeah. Ann. All right. Ann Sinsheimer. Sinsheimer. I love when you talk about golf. I would listen to an entire podcast about golf.

I was surprised that you didn't mention golfer and super nice guy, Brad Faxon. Hells from Rhode Island. Keep up the good work. Well, Ann, I would love to. I'm going to start a golf podcast one day. That's my future mother-in-law, I believe. Oh, is that? Yeah.

Oh, is it? Yeah. Yeah. I don't know if there's another Ann Sinsheimer, but I think that's her. Sinsheimer. Oh. Look at that.

I like it. You got a good one. likes golf brad faxton hell's from rhode island i mean i can't imagine honestly if i mentioned that anybody would ever like me and ann are gonna talk about brad faxton brad faxton is a great guy he's uh one of the best putters of all time oh is he really yeah and they always like tiger talked to him about putter everybody talked to him about putting uh putting. But I've watched a bunch of videos on putting. Anyway, me and Ann watch. Peggy in Dallas.

I'm a faithful listener. I have taken time to comment and compliment since episode one. But I have to say, Nate has to stop turning every idea into a golf story. Please give Nate this bit of advice. Enough about golf. Besides that, another great show. Well, Peggy, have you heard of Brad Faxon? I mean, he goes.

One guy said golf is the chives of this podcast. Yeah, that's pretty good. I'll start my own golf podcast. A lot of people like that idea. Yeah. Yeah, I'll do that. And then I'll never talk about golf you losers ever again and can join me and can bring peggy in every now and again just to balance us out we have peggy as a guest and then she's like what's this i'm on naitland i'm like you're on golf land that's what it's gonna be it called. Yeah, it's called Golf Land. It's all just Land.

And someone's like, is his last name Land? You're like, no, actually not. I tried to get nateland.com because I was trying to do it for my website. So my website, obviously, natebargetzi.com. But I also have iamnate.com just because if you do interviews, it was just easier. And I've always tried to get nateland.com. But some guy, or maybe.com uh but some guy

owned or maybe twitter or something some guy's name was nathan land oh really and then he got it huh so are you buying it now i'm gonna i'm gonna look i'm gonna see what we'll see if it's up there betsy 16 betsy 16 about the babies left outside in finland i currently live in finland and this still happens. The grocery store and some restaurants and older buildings are too small to have strollers driving through them. I was shocked when I saw two moms that left their strollers outside of a window and just sat at a table next to the window and had lunch. They lived their lives, and the babies stay sleeping.

That's great. I mean, if it works, it works, you know? I'm for it. If that's what they're doing, that's what they're doing. You go one baby missing. That's a wrap though. So you better hope that all, uh,

but it is crazy. It's, I mean, I guess we, we don't do it as if we're just having seen babies get taken left and right. Like that's where we talk about. Right. We're like,

yeah, you can't even, you're lucky if you make it out of Walmart with your babies. Ryan Schick. Schick. Question for Bonanza. He mentioned meeting his wife through online dating, but I remember a bit he did talking about how they used to date

but broke up because they both could do better. Is there some inconsistency here? Inconsistency here? Or did they reconnect online like the couple and pina colada song from the 80s we both knew that song because we grew up in the 80s yeah uh yes so we did date for a short time like 11 years ago and then we reconnected on match so there's no inconsistency no no but you didn't meet the first time on online dating? No.

Okay. No, we knew each other, but then we hadn't seen each other or talked to each other in over a decade. What's the first line after you reconnect? Like, you want to give this another shot? Yeah. I wonder what the first line is. She emailed me.

Oh, really? Yeah. Yeah. Nice. Both striking out. Oh, really? Yeah. Yeah. Nice. Both striking out. No, I don't know. I'm trying to think of a funny line. What's a funny line to come back to?

Yeah. Good to see you again. Yeah. Yeah. Well, I mean, my joke says we went our separate ways because we both thought we could do better. Yeah. That's a great line. Yeah.

But your first line back. Hey, we're both in our 40s now. Yeah. You want to revisit this? You gave it a go. You gave it a go. I gave it a go. Yeah. You want to do it again?

You can get nateland.org for $9.99. I mean, why not? Yes. That's dumb. Get it. No. No one wants a.org. What about.biz? Yeah,. No one wants a.org.

What about.biz? That's eight bucks. No one wants any of that stuff. If he cancels his $10 a month, you could just buy it, Eric. You want a.com. Are people becoming more aware of the.orgs and.bizs? I think there are some popular.orgs. Yeah. PBS.org.

Oh, yeah. Everybody's popping on that. I bought Kanye West for America when Kanye West redirected it to my website nobody typed that in I love people who would be typing that in yeah and discover Aaron Weber any more bonanza

questions Jacob Bragini I signed up for a gym membership one time because they had a special monthly price of $10 a month. I felt like it was too good to pass up. I never canceled it. Eventually, the card to the account expired. I thought that would end it. Seven years later, I'm trying to get an apartment.

My credit checks are getting rejected. Never carried any kind of debt turns out the gym reported me to the credit authorities for delinquency i had to pay like 500 bucks to some shady company to get my name cleared get out of it while you can it's totally how they make money get out of it aaron we're supposed to do it on the podcast we need to do it i'll do it whenever man yeah i had forgot about it until right now yeah so yeah i'll do it on the podcast. We need to do it. I'll do it whenever, man. Yeah. I forgot about it until right now. Yeah. So I'll do it whenever, man.

You can call. No, you have to go there. Well, somebody wrote in. A listener said that you can call and just say, hey, I'm scared of COVID. Yeah. And they can't be like, come on. We have to do connecting.

You can just put them on speakerphone. Would it pick it up on speakerphone? You have to hold it close to the mic. Yeah. You want to try it should we do it yeah i'll call it let's see what happens i gotta look it up so maybe go to the next comment we'll come back to it uh susan taylor hey guys love love love the podcast keep up the good work i want to cancel my netflix subscription but i don't want to do it until after nate's special airs

do you have a date also for Aaron's wedding? I think you should have Nate do a reading. That's a great idea. Yeah. First core in. Yeah. I think you'd be lucky if I show up, but let's just work with that.

I think Nate should show up. I, I, I actually do have a, a conflict. Yeah. I have a, I have a conflict yeah I have a date for my special

but I can't say it yet but I will wait when will this come out no next week yeah 10th I think

I'll be able to tell you not if you're listening to this episode you will know the next episode and it won't be too far off from there. Look at March. We're still on that out there.

Maybe think about March. Don't cancel. April, you can do whatever you want. Let's just say that. Susan, April, whatever you want. Throw your TV in the yard at April, but please wait until then. Michael McIntosh. Hello, folks.

She said yes. Oh, this is, yeah. My now fiance, Siobhan, went crazy when she heard Nate proposed on my behalf during the Inventions episode. I was just happy you got her name right, the biggest. Thank you to all of you, Nate, Brokeback Munchkin, Aaron Webfoot, and the whole team. You guys really are the truth.

You've made my family's year in these uncertain times. P.S., she's already started complaining I haven't got a ring yet. I said, well, I didn't actually think Nate was going to read it out. Read it out. I love you guys. Michael, get a ring. I mean, I was going, Siobhan, get out of this while you can. He doesn't have a ring.

We start telling Siobhan, Siobhan, listen. No, he's going to get doesn't have a ring. We start telling Siobhan. Siobhan, listen. No, he's going to get a ring. He's got a ring. Yeah. Get a ring. Congratulations. Congrats, guys.

That's awesome. Yeah, you got to get a ring. Yeah. You know? You have the number? Yeah, I got it when you're ready. We're ready. So this is.

What's my plan of attack here? I just go straight in? You have COVID. You have gout. So you can't go. Huh? You're high risk. I mean, that's all true.

I don't know. You stop me when I keep spitting truth at you. All right? Listen, I got COVID. I have gout. You got your hat today? Yeah. You're a mess. Why don't you just first see if you can cancel without any questions?

Oh, that's a good call. Yeah. And then go to COVID. And then only give them a reason if they have. All right, I'm calling them. And they go, well, COVID. And then they. Planet Fitness, they probably won't even answer.

And then if they say. All right. There it is. It's ringing. I wonder if they have. Hey, I'm calling Planet Fitness. This is Allison. It's ringing. I wonder if they have a... Hey, I'm calling Planet Fitness, and this is Allison. How can I help you today? Hey, Allison.

My name is Aaron. I am a member of this particular Planet Fitness. I was hoping to cancel my membership over the phone. Okay. So, unfortunately, I don't think we'll be able to do it over the phone, but we do have other options available for you, if I can go through those with you. Okay, that unfortunately I don't think we'll be able to do it over the phone, but we do have other options available for you if I can go through those with you. Okay, that'd be great. So we do have our facilities open, so you are able to come in person anytime.

We're 24-7, and you can cancel in person at one of our terminals with a team member. If you're unable to do that with work or schedules or just not comfortable coming into the facility, you can always send us a letter in the mail. We would just need to see you or that letter in club by the 10th of any month to avoid any further monthly billing. If you happen to have moved out of state and you're no longer near our particular location,

you may be eligible to transfer your account to a location that is closer to you. And then you would have the option to also go in person or send that location a letter. Tell me if, Cal. Okay, so the only way I can cancel, I can't do it over the phone. I've got to either send a letter or come in. Send a picture of your gal. If I...

What does the letter say? If it's just COVID concerns will keep me from coming in, then the only way is the letter, huh? That is correct, yes, sir. Okay. Are you getting a lot of people calling to try to do this, or am I the first one? No, we definitely have a lot of people.

Unfortunately, whenever we first reopened back in June of 2020, for the first maybe 60 days, we were accepting things over the phone, but things were getting very murky as far as people making sure that things were going through the proper way. And it was just becoming an issue on not... Got a bit of a talker on there, huh? They would claim that they called when they really did. I mean, yikes. It would be very muddy.

So we have begun going strictly back to following the PR agreement of coming in person or sending that letter through. Okay. Thanks, Allison. I'll send a letter. I appreciate it. Thank you. Dear Planet Fitness. Hello. My name is Aaron Weber, like the grill. I signed up with you for a long time and i imagined our relationship would be much different than it turned out recently i've gotten gout and i have trouble walking my foot hurts from going to get the pen to write this letter write them a hand written Write them a handwritten letter. A handwritten one? Yeah.

Yeah. I'll do that. Handwritten is pretty, I mean, for them to see the handwritten, they'll go think something's wrong with you. Yeah.

Oh, yeah. Handwritten letter. Yeah. They might give you more money back because they're like, this guy, this guy doesn't even

have a computer. There's a good chance they would give you more money back. She said things were getting pretty muddy. She muddy or murky murky murky yeah and muddy did she say murky the whole time she said murky a few times yeah she clearly had like there's a paper by the phone like when somebody calls to cancel it just yeah that's off to them yeah well she did it she did enough where uh she did enough where uh she's had a ton of cancellations but you could have called in and canceled if you'd have done

it sooner if i'd have done it if yeah out the gate i can't go because of covid but then the letter makes sense because then it's like all right that's fine just write us a letter dear planet i mean what letter do you write? Yeah. A company. I'm unclear. What are you supposed to put? How do you know they get it?

Yeah. Dear Planet Fitness. You got to write it quick. Or you go just pay February. I'll try to. I'll put it on my calendar. I'll write an actual letter. If I don't put it on my calendar, then I'll show up next week.

And you'll be like, how'd that letter go? I'm like, I haven't thought about it. You just beside it because you're usually so busy. That's why your calendar has got to be. It's not an issue of being busy. It's just I'm forgetful. What's going on with your calendar? I'm just forgetful, man.

What's a typical calendar? What's your calendar look like this week? Right there. I mean, I got it pulled up. Let's see what you got. I got it. Record podcast. Aaron Weber.

Oh, man. I'm jumping around. Skin appointment. Skin appointment, dude. Going to the dermatologist. 2 p.m. Capital View. That's just a meeting. All right, I'm going to X out of this.

You have a meeting? Yeah, I got meetings, too. Is that about y'all's other podcast that you started? Who's Capital View? That's Caleb's code name. That's a building in downtown. Ooh, 2 p..m he's just going so all we know is you're going to a building meeting let's just say it's a high you're meeting with it you're meeting with a high-rise building at 2 p.m a man with a cape that's right do you even know what you're gonna

talk about with this building no i don't actually yeah we'll talk about later oh it's like private no it's not wow i mean put then yeah get that letter written on your counter write letter to planet fitness what day would you do it i'd do it later today probably when we're done tonight so your counter reminder will say 8 p.m and i'll go write letter to planet fitness and then you will go and lick your pen and my dearest planet fitness i hope things worked out better than they did dip a little more oh yeah but i never i saw you i never saw you the only day i've seen you is the day i walked in to sign up, and I did not work out that day. Did you work out that one day?

I signed up online. That's so, I mean, dude, sign it up. They're like, yeah, you can send us a text message. I mean, we'll do SOS. We'll do whatever you want. You give us any form of credit card, you can pound tables, and I mean, yeah, we'll let you sign up easy to get out, write a letter. That's how they got you. That's how they got you.

That's how they got you. It worked. It worked. I'm actually not against this system. It's so cheap. And they're like, if you can quit, you can quit. You just got to go do the thing that you don't want to do. We're offering it because they would probably not have a business if you

cancel by phone honestly that's true people are that i was the same way i had a plan of business account for a while that i never uh canceled but i had my wife go in there with me that's what your that's what wives are for oh yeah just get you to do stuff like that one of the only reasons that you have a. She went in there with you. They go in and fix stuff. Oh, yeah. Yeah. It's once you get rid of your mom, you get another mom, basically, that goes in and fixes

all your things for you. Yeah. I could still send my mom. My mom would go get stuff done. She would go in and chew out Planet Fitness? Get that candy? Oh, my mom. Yeah.

Yeah. She gets stains out. Like, if you have a tough stain we had some pickle juice on a shirt recently she's really good at that and then she's always got

my mom is very protective of us and gets us gets a lot of things solved she's our fixer she knows gout treatments she does

she told you gout treatments tell her thank you for that yeah did you do it no hey I'm Jillian and I'm Patrick and together we make the podcast Tell her thank you for that. Yeah. Did you do it? No.

Hey, I'm Jillian. And I'm Patrick. And together we make the podcast True Crime Obsessed. If you love documentaries the way we love documentaries, you might be interested in our show because we recap all the documentaries that you're watching. We've covered just about every true crime case you can imagine. We're talking the hatchet-wielding hitchhiker, the Ted Bundy tapes.

What else? The Turpin 13. Yes. With the amazing sisters who basically tell the story. We're talking the Hatchet-Wielding Hitchhiker, the Ted Bundy tapes. What else? The Turpin 13. Yes. With the amazing sisters who basically tell the story. The girl in the picture. Yes. All the documentaries you love to talk about with your friends.

We're your friends now. We're the friends you talk about that stuff with. Yeah. We're True Crime Obsessed Podcast. Stitch us on Apple Podcasts, Spotify, or wherever you listen. All right. So this week, we did a lot. I feel like we've already done a lot today this

felt like eating healthy we got we got your planet fitness thing out of the way that's right kind of kind of yeah i mean at least just step that's right started the ball rolling everybody can do an over under did you put on your calendar no no don't put it on your counter don't let's see when people hear this you can't until this episode airs yeah so you got to at least pay one more month okay then begin to think to write the letter so when so when when people are listening to this which is next week uh you will uh then you can start the process of writing the letter. And then we will see. People can put guesses of how long is it going to take you. Okay. Days.

I mean, I almost don't want to tell you the date because I think you're going to just pick a date for – you're like make yourself remember to do it. I'll forget by the end of this podcast. I know. Yeah. So I'm thinking, how long have you had it now uh yeah three four years three or four years uh but now it's on your mind to cancel it so

could you i you know i mean i i mean i think i i bet three and a half years i think if you don't cancel it by February or March, I think you're another year. That's probably true. Someone suggested, hey, here's an idea. Why don't you just go to the gym and try to get healthy? Hey, listen, that is a good idea. Yeah. It's not good for comedy, though.

It's not going to happen. Where's your hat, by the way? I just forgot to wear a hat today, man. I'm a good idea. Yeah. It's not good for comedy, though. It's not going to happen. Where's your hat, by the way? I just forgot to wear a hat today, man. I'm a little off. All right. So I think we could go. I think you could be easily another year. I don't think if you do by February, you could do another year.

I wonder if people can pick days. So starting on what day will this be? 10th? February 10th? I think so. February 10th, you can so. February 10th. You can put your days. How many days do you think?

You can't start canceling it until the 10th. Okay. And we're not going to be bringing it up and reminding you. It's just off your memory. It's going to take me a week to buy stamps. I'm going to have to find some paper. Yeah. And it's going to be a process.

It's going to be a process. I'll get it done. Are you going to write it suggested yeah probably yeah handwritten yeah i'll do handwritten that'd be funny yeah aaron the gout weber like the grill it's multiple multiple things should he show it to us before he mails it i think so yeah we'd like to see it and then i mean that that still won't count as it's still got to be mailed yeah so the the day it is canceled i mean i mean i think it'll be like 85 days i it's going to be something weird that's going to make you remember it uh-huh it'll be well you get when you get married lucy might you know because y'all get married we join bank accounts we join bank accounts like that's where it gets so even playing planet fitness

yeah that's where it gets solved yeah yeah i think so yeah so i think it's oh yeah may june and then i think she gets on so i think y'all get married in may she tells you to cancel it in june you don't. You have a big fight about that. And then she says July. There's another fight because you still haven't done it. It doesn't matter because you're like, well, it doesn't matter. I got to wait till the 10th anyway.

And so I think it's August. I think you have two decent fights about it of marriage. Because her mother's going to be reminding her. That's true. Her mother's listening in yeah oh man you can't yeah let's see what he does ann talk about on your golf podcast yeah me and ann yeah uh all right so this week uh we have decided uh wanted to talk a little bit about uh wall street stocks that kind of you know i know we don't usually talk about topical things I wanted to talk a little bit about Wall Street stocks,

that kind of, you know, I know we don't use to talk about topical things. This is seems like kind of a fun topical thing. I know nothing about stocks or a little bit. I try to follow it and Wall Street in general. My typical answer when something goes wrong with it, I'm like, well,

why do we, do we even need the stock market? And that seems like not a good way to ask. People get upset about that. Like, yeah, of course. So, you know, with the GameStop stuff happening, it was just very, very interesting. It's been very, very interesting and crazy with all the –

I mean, it's unreal, dude. It's fun. It is very fun to follow. It's very fun to follow. Yeah. And it's, you know, it kind of feels like it's us, dude. It's fun. It is very fun to follow. It's very fun to follow. Yeah. And it's, you know, it kind of feels like it's us against them. Yeah. Very much so.

Yeah. And so there's a lot of us that are rooting for us. So I don't know. I mean, you know, I'm sure someone could be upset. You know, we always try not to – but, I mean, I don't know how you can be upset about this. This is kind of good for us. Yeah, exactly. We figured it out.

You think a lot of billionaire hedge fund managers are listening? You think we have a few of those? Yeah, I was wondering which one's us and which one's them. Huh? Which side are we on? What side do you think we're on? Well, I just wanted to clarify. I'm a big hedge fund fan.

I think you would be, honestly. I think you don't like... I think they make some good points. Yeah, I do believe that you would be honestly I think you you don't like I think they make some good points yeah I do believe that you're would be on their side

100% I believe he is he is pro he's team Melvin Capital dude pro capitalism well no

it's not pro capitalism he's pro you're very you're pro just like status quo like don't mess anything up.

Everybody just keep letting everybody do what they're doing. Don't ask questions. Don't try to solve anything. That's what you're pro. So I think you would be pro then. But so Wall Street, you actually bought some of the GameStop. Yeah. A little late.

A little late, but I've been following it for a while, and I think I didn't even play the stock market ever. I didn't even realize how easy it was to do that. Yeah. I just got the apps, and I'm on board, dude. Diamond Hands, I'm holding out. Did you know, and Diamond Hands means you're holding. Hold the stock, yeah.

And so how much did you put in? Not much. A couple shares of game stock stock and then i bought like 100 bucks they're 325 a share 325 bucks yeah they were as of this morning they've dropped considerably already today yeah so i've lost a lot of money today you got in at 325 yeah how high did you he got up to over 400 at one point but a But a month ago, it was like $4 a share. So it's insane, the growth. But I put more money into AMC stock because I thought that was going to be the next one

to kind of do what GameStop did. And that was... But they put a stop on it. Did they today? I think they did. Yeah. Yeah. There's all kinds of like...

I saw people... Europe couldn't but it's all yeah such a mess yeah but game uh amc was like i bought in at like uh eleven dollars a share yeah it got up to 20 at one point now it's back down it's just fun it is when you don't have like you know like my life isn't depending on whether it succeeds or not. It's just fun to have some skin in the game. Yeah. And you bought in at the very highest. Yeah, I got it. You came in at the very end.

Yeah. But is it the end, dude? I don't think it's the end of – yeah, I'm sure. I think this kind of thing will happen more and more. I think it's the end of your GameStop. Yeah, probably. So that's the thing. But I think more of that other thing will happen more and more. I think it's the end of your GameStop. Yeah, probably. So that's the thing. But I think more of that other stuff will happen more and more.

Because I think people figure it out. Like, oh, you know, we can go against them. And so more people will buy it. But I think you're the GameStop at $325. So you're just fine. You're just like, waste that money. It's gone. But it's like, you're staying in for something.

Maybe. Yeah, yeah, yeah. I get it. I like that. A lot of people are like it's a participation fee for a political protest in a way. Yeah. And I didn't buy it thinking I'd make $100,000. It's just like I'd like to.

But if someone did buy it at $4 and then it got to $400 and they sold. Oh, yeah. How much money would that be? I mean, so if you bought half how many shares so so like the main guy who started all this deep value was his name he made an initial investment back last october he dropped a hundred thousand dollars in gamestop yeah everybody thought he was insane but he was like no i i this is a value buy for me i like the stock whatever so he but it's worth 48 million dollars now the stock is now that was before today it's dropped

considerably today but he's post screenshots every day of his portfolio yeah 48 million did he get his money out of there like i think he took a little bit out cashed a little bit out but he that's the whole like mantra of the movement ifed a little bit out but he that's the whole like mantra of the movement if he's in i'm still in that's what everybody keeps saying they're like if deep value's in i'm still in and people keep posting screenshots i've got two hundred thousand dollars just sitting here but i won't cash out yeah because i got diamond hands i'm gonna stick it to the billionaires stick it to the hedge fund does he do so like with him i would hope that he would take a few –

You want him to, yeah. They should almost like go and be like, dude, take $40 million out and leave $8 million in. Like go take it. Because if a guy like that too, he could use that $40 million for something the same way. Because that's what I heard someone say, talked about what they should do because they're stopping these people from buying these things, is just go start your own trade desk. I don't really know what it means, but it sounds like that. You go start your own kind of app, your own like you trade with.

You can trade and you can do your own rules. Until the SEC, Southeastern Conference, they run everything. You know what I mean? It's so crazy. Alabama's good. It just means Conference. They run everything. You know what I mean? It's so crazy. Alabama's good. It just means more. Alabama's good. So until they come in and actual laws get passed

and won't let him do it or something like that, or whatever it is, which then you're going to have, it's going to go nuts. Because if the government comes in and changes laws, people are going to lose it. So you're protecting just the billionaires. I think there's almost definitely going to be some regulations because of this, which

is so funny to see hedge fund managers and Wall Street people be like, we need more regulation. That's never what they want. Yeah. But now it's, people are using it against them. Yeah. And they want some. And they want some. And yeah, so that's where I hope that guy takes.

Take half. I would say take 40. And keep eight in, dude. That's still a ton. Yeah. That's a ton. And then you're like, I'll let this eight go. But you took the biggest risk on earth, so you deserve to have a great life.

And I think he would. This guy seems to be a pretty smart guy if he's figured out this, because he started the movement to get everybody to buy it. Well, he was just, he's a big figure in the WallStreetBets subreddit. Yeah. And he was posting about it,

and it sort of became a meme. Yeah. And a running joke to buy GameStop stock. Yeah. But he was just the first guy in, and he's holding, dude. Yeah. Last I checked. I mean, I don't know what happened in the last few hours, but he's holding on.

And it's easy now just to buy stock, right? Yeah, you can do it on Cash App. Really? Yeah. You just do it on there. I just use a different app. I'm so new to this, I'm not an expert by any means. But it's fun, dude. Is there a fee for that there is a yeah there's commission yeah yeah it's it's yeah like stocks

so we have stocks in uh just through our financial guys yeah uh i don't really understand stocks at all or you know i don't buy it on like that kind of thing i do want i was talking to someone they said the best way is to do it is to put money into like that cash app or whatever one of those apps and then that way you can like kind of see it and like and then do your own thing and then you just kind of be like all right if this money goes it's going and then it's gone but you just kind of take chances and you can kind of have to learn it on your own yeah and that seems like the best way uh it's a pretty uh but wall street in general i don't all this stuff seems so crazy to me where does this money even come from yeah where is this

money like that's what i don't understand with uh what is like what are like stocks like stocks in a company it's like you're buying in shares in that company you don't own it you're not an investor but you have shares into it hoping that it's a successful company right well you do own it it is it's a share share of ownership of the oh okay yeah but investor is different investor invested in the company that's the person that gets the company for but goes public right that's one type of investor like an angel investor and then when it goes public means the whole world can then buy stocks right and that's when so if you're in a company and then it goes public that's when the people make the most money yeah ever yeah yeah make a ton

yeah and so then you have stocks but like everybody's got stocks in amazon or twitter like everybody apple so it's like i don't understand how are you ever going to make And so then you have stocks. But everybody's got stocks in Amazon or Twitter. Apple. Apple. So it's like, I don't understand, how are you ever going to make any money off of it if everybody in the world that buys stocks has Apple? We're all just keeping Apple afloat then. So can Apple take this money out? Can people take money out?

Yeah, you can sell your stocks. You can sell your shares your shares yeah and that's how you make money off of it but also these larger companies it for the for big shareholders they pay dividends every now and then so they'll just give cash to their shareholders yeah uh i don't know if there's a set timeline but every now and then they'll just give money to them yeah as a thank you for being a shareholder but you can just sell your shares that's how you make there's gonna be millions of people have apple stock yeah yeah a lot of them so if everybody wanted to buy their stock it would or everybody wanted to sell their stock at the exact same time yeah then their stock would tank yeah that'd be a real problem and then apple and is that and apple takes money from this these people?

Yeah, that's where when you buy. So when you pay, if I buy Apple stock, that money goes to Apple to help them run their business? Yeah, I think that's the basic idea, right? Brian, do you have anything about just like generic? No, I mean, so there's two ways to do, well, there's more than two ways, but there's two major stock exchanges in the U.S. There's the New York Stock Exchange and NASDAQ. And the New York Stock Exchange is a buyer-seller trade. Like, I got this stock for this price.

You want to buy it for this price. And then there's an auctioneer that negotiates it, makes it happen. And then the NASDAQ don't i understand even less it's more about trading you trade stocks and things like that the new york stock exchange actually has people still some on the floor actually doing the you know it used to be a big thing yeah you ring the bell the pit you know the bell still happens yeah but yeah the pit used to be all these guys on the floor yelling, and they still have some like that. They're one of the few that actually has physical people on the floor

doing the, I forget what they call it, but where you actually yell and do hand signals and things like that. Yeah. The NASDAQ. That's like Wall Street, the movie, when they would show them all doing that. That would be how on earth, that's's a business when you see them all yelling and passing all that stuff how's that you're like there's no way this business could be run legally it seems crazy it just can't be it is just pure chaos you walk in a room just

i mean i bet the excitement of being down there's got to be wow yeah like when you get when you get off from work that day i mean you are like you like, you know, and the work's done. Yeah. Right. Cause it's like closes at 5 PM. Yeah. Can't do anything. So the work's done and you're just being going like kind of crazy. And then you're just like, Oh,

and it's all very high stakes, like a lot of money being thrown around when they're yelling out all that. When you watched like, uh, yeah. Watching wall street when they're, I mean, they're yelling and they're like,

Hey, they just call people and they're like, hey, I got two, whatever, and they yell something at them. And they go, I got another one. And he just shouts it out to oblivion. Like who even knows what any of it is? You're just shouting out, like, is there a guy there? What if the guy doesn't hear it?

That's what I always thought. What if at the end of it they go, you know what? I don't like, I didn't hear any of that. What if some guy just, he goes, hey, we did pretty good today. And he's like, I thought you called in sick. I didn't even realize you were there, dude. Like, it's, you were yelling at me too. Dude, 50 people yelled at me.

I did not see you this morning. I thought you were sick. I didn't put in any of your stock bets or whatever you did. I did none of it it is it is bad news you gotta write it down or something man i just yelled it out because i just yelled it out i wrote on this piece of paper he goes i don't i mean do i have the words of the paper no one even knows where it's at i mean how much of that that had to happen all the time back then yeah i mean i wonder if there were offices that were just that chaotic and crazy

i mean i i'm guessing the movies were pretty accurate they had to be somewhat accurate i mean i can't imagine that it was you know if you go i don't think the wall street guys were like no we were pretty chill man like we you see the video like news video of them and it's they're yelling and stuff but there it's just so much yelling i just think who could he who's how's any of this getting done yeah and then the telephone that didn't come on until the 80s where they started to do it by phone before then they was just all yelling back and forth on the trading floor i mean just like there's i don't under yeah that's i mean how could you go in there and you're like

i don't know i mean you have to be i guess once you're in it you would be like i get it but yeah i bet that had to happen people didn't get stocks and they go i yelled that or they said no i yelled it dude you're supposed to put in he goes oh sorry i'll put it in like or you know he does it yeah later and he seems like it would happen all the time to the most important thing in the world. Yeah. The symbols, the stock symbols, if it's a one, two, or three-letter symbol, then that means they're traded on the New York Stock Exchange. If it's a four-letter symbol, that means it's on the NASDAQ. Like a symbol?

Like Starbucks is SBUX. That's their trade symbol. It's not a hard and fast rule. There are some examples of it not being the case. But generally speaking, if it's a small one two or three letter symbol that feels like one that you'd be like oh so that's four letter that's nasdaq they're like well not that one yeah but in general like i guarantee you i could pick the one yeah right there they go well not that one that's like the i before e except after c that's like never true yeah you know never yeah snap i don't know what snap is

nice yeah but then i before you said under c and or sounds like a and neighbor and way yeah or e you know there's like 12 the end of it should be just figure it out on your own that's what the end of that saying should be you know what, just learn how to spell stuff and don't use this rule. That's how, I have free FC except for neighboring way and find your own system. Sometimes you. This is not a good system. We figured this out and there's a lot of new words introduced. Yeah. That's an old saying.

So generally speaking, NASDAQ is the place for tech stocks to go public. Like Apple, Amazon, Facebook, all those. I bet there's got to be some people that had like Google. Isn't there famous stories of people selling Google or, you know, where they all went. The guy that, I actually heard him on like Howard Stern interview, like the guy that went public at Facebook, he painted. He was a painter, and he painted Facebook's office,

and they paid him in stocks. They said they would have given him, I don't know, a couple hundred grand or something, or he could just have stocks. Because he wanted him to paint the whole office. It was like this giant building. So he took the stocks, and then it went public. Now he might have 300 million dollars yeah google did that early on with like their janitors oh yeah they gave

them shares of the company and now crazy man and those janitor wow that's pretty crazy just well that's like bitcoin bitcoin was you know when you uh the first Bitcoin was a pizza and it was 10,000, they bought it 10,000 Bitcoins, which would be a hundred million dollars now. What does that mean? So whatever Bitcoin did, I'm not even sure. A pizza, what do you mean by pizza? He bought a literal pizza. With a Bitcoin.

He paid for it with 10,000 Bitcoins. It was $25. So 10,000 Bitcoins was worth $25 at this time. That'd be $330 million now. Today. And the pizza delivery guy accepted it. Yeah, so that's somewhere. Somewhere.

Wild. Huh. All right. So then there's a couple of main ways to track how the stock market is doing. The Dow Jones Industrial Average how the stock market is doing. The Dow Jones Industrial Average and the S&P 500, which I've heard of both of them, Dow mostly. I did not know Dow, just 30 large companies.

That's all they're tracking. Did you know that? Does it move, I guess, or changes just when someone's in the top 30? I don't think it's even the top 30. I think they just choose 30 large companies. They feel like it's a good indicator. That's when people go, oh, the stock market's down. They say, oh, the Dow's down, whatever.

Why is it called Dow Jones? It was named after two people, Charles Dow, who created the Wall Street Journal, and then something Jones. Something Jones, yeah. Mr. Jones. So that's what they do. You look at the Dow Jones, and that's just a general feeling of what's going on. Yeah, and some people think...

If that's down, or it goes up. Like, if that's up, you're like, oh, stocks are doing great today. Well, the S&P 500's 500 companies. To me, it seems like, why wouldn't you just pay more attention to that one? It seemed like it's much accurate. Yeah. but they have an equation here for the dow jones for how they even come up with that number it's the stock prices of all 30 companies divided by a factor which is currently 0.152 so they take whatever huge number is divided by that

and that's what the Dow Jones is. They just do whatever they want. Yeah, I mean, it's all made up. This also feels like a job where you can just say stuff. Yeah. And then people are like, okay, is that? You're like, yeah, how's the Dow doing? You're like, ah, we took a hit today. You just say stuff like that, and you're like,

I don't know what any of this means. Well, it just goes to Bitcoin and money in general. It only has value because we all agree that it has value. Yeah. So it's like we could just all one day be like, I don't accept that. Yeah. I don't accept US dollars anymore. And you're like, oh, crap.

Yeah. It's hard to get your head around. Well, I have so many of them. And so what about if I give you a bunch of them because i just don't know i just don't want any of them right now and you're like but i have you don't understand i have different numbers of them like i mean the number doesn't mean that you're like this one has 100 on it oh you just got paper dude that's all you got it's just paper to me it's like monopoly money yeah it wouldn't it wouldn't matter it seemed like it would have been really hard when the first settlers and traders because they were trading like furs and

right tools which everyone gets that's valuable and then somebody came along like we don't have that but we've got this paper yeah that's gotta be hard to convince people right it's like an iou pretty essentially right just yeah no trust me this is actually worth this much in gold or whatever yeah yeah it was like yeah it was this much and well it was gold and silver was the first thing yeah before money yeah so that would have been traded and that was a value and then it but then i just really listened to something actually about money uh because i was trying to learn about bitcoin and it was like because they had gold and it was like so instead of having all this gold and you have to shave off some of the

gold to buy something i'm almost positive i could be saying this this is completely made up but i'd imagine you go uh you go get some milk at the store and you just got your gold bar and they're like, uh, two swabs worth. And you're just like, you just shave it off into, onto their little, onto their beeping thing. Yeah.

And you just, is that, uh, that's the little bit. And you get a piece back and put it on your tongue and then stick it back on your gold bar. And then you walk out with your gold bar and your milk. And it was like just two swipes down.

This could be made up, but I bet it happened. You got like a valet where you got to tip them. Oh, God, yeah. That one you flip the blade over. You don't do the blade because you don't want to dig it in. You want them just some fairy. You just kind of fairy dust them on their on their on their shirt and he just did the valet just swipe it and just splatters a little bit on his shirt and then he has to he's i appreciate it man he takes his

shirt off and has to go get it you have to wear multiple coats that's why they didn't like it because it was these valet guys were like, you know, we're already parking your horse. And now I got to change coats because most of it gets blown in the wind. How was tonight? You're like, oh, it was all right. It's not a bad night. How'd you do to the strength of the night? Yeah, I don't know. Pretty good night, you know?

Not bad. Not bad. Man, just the idea of everyone carrying around a gold bar is hilarious. Yeah. But that's, you know, that's what money is theoretically. That's how it started, right? Right, right. It's paper money.

It was backed by gold? It was backed by gold, yeah. Yeah. That's why they still tell you to buy gold. Tom Selleck? Yeah. All of them still go buy gold because it could go back to gold. Yeah.

If the money goes away. Was Tom Selleck doing those gold commercials? He does reverse mortgages maybe. Fred Thompson always did those reverse mortgage commercials. Yeah. It's like a certain age group gets to. Wilford Brimley. Yeah.

It's like no one's on board with gold. And then you hit 70, 70 75 and you're like alright I'm here and I'll listen to you and that's their market for gold because they might have a ton of it they need to get rid of it I think Bitcoin, that stuff is what I'm curious about whatever that is

I don't understand that at all and I wonder if every step of the way money and then checks, writing a check, that's probably hard for people to get their head around at first, right? Yeah, checks are about, I think, done. I know, but when they first started, probably people had a hard time getting on board with that. I don't understand.

Credit cards are that way too, right? Any kind of new thing, even Apple Pay, people are like, what is going on here? Because it's just a brand new thing. Well, that's what you you think about it you don't really ever see your money yeah it's just a number and that's what's that's what always scares me is you go well what if they you know this cash app or that kind of stuff like that you have your money in that robin hood you know like went down or like what but what if the app just goes we're not going to give it to you? Well, that's what happened last week.

Yeah, right, with Robinhood? Robinhood said you can no longer buy GameStop stock. But didn't they? And AMC. And then now they're restricting it. You can only buy one. Yeah.

It's just like they're just telling you what to do. I know know but what if they want to take the money like so if you have money in this so if you wanted to cash out of that you could right yeah you could say i want money you put your credit card down or something your bank account yeah you link it to your bank account usually i think and then so if you were like hey i want i want to cancel this app like a gambling app right like draft kings or something like you just you get your money back out and then that's what you go with uh so that that mean but that's what scares me is like with an app like

that it's like you could have all this money in this and then if something happens to that thing yeah then it's like well now the money's not there and you're it's not like it was ever you're gonna love bitcoin then because it's designed to solve that exact problem. Yeah. Yeah. We're going to talk more about it in a little bit, right? Yeah. Yeah.

Yeah. So I didn't, last year when the pandemic, mid-March when everything shut down, this probably the other things were going on the news, six of the top seven one-day point gains in Dow Jones history happened March of last year. It's pretty crazy. Yeah. And what's the crazier is the top seven one- point gains in Dow Jones history happened March of last year. It's pretty crazy. Yeah. And what's the crazier is the top seven one day point losses also happened last year.

Yeah. The market was going crazy during all the pandemic stuff. And usually I would be the top story, but obviously other stuff was going on. What was going on? So what'd you say? The most March, the largest jump?

Yeah, not percentage-wise, but one-day point gain in Dow Jones history. And then point loss. It was just fluctuating so crazy. So people probably made money. The guys that are in this made money in those times. Oh, when it dips, you buy? Yeah. And just no one is going to come back?

Yeah. I mean, yeah. The Dow Jones now is around $30,000, depending on which day. You're born in December 91? November of 91. November. Okay. Well, I have December.

Sorry. The Dow was 5,985. March 79? Yeah. The Dow was 3,218. Anybody want to guess mine? I mean, do they have stocks? Was it negative?

I think it was trading. I think you were still bartering. It was three pelts. Yeah. Two muskets. Now, it was actually 5,294. It was higher. Oh, really?

Yeah. It was almost as high as yours, but the Dow dropped during like 10-year period there. So now it's at 30,000? Yeah. So this is the highest at 30,000? Yeah. So this is the highest it's ever been? Yeah. And we're back to pre-COVID levels probably, right? I think so.

I think above it. The inauguration day this year was the highest it hit. So if it got back down to 3,000, go buy, right? Oh, yeah. I think so. Yeah. That's the idea of it is you would go buy a bunch of stock then. Uh-huh. Because then when it goes back up. That's the idea of it is you would go buy a bunch of stock then. Uh-huh.

Because then it goes back up. That's what Warren Buffett always does. Just when there's a collapse. When there's panic. And panic. Yeah. I think probably 2008 when everything collapsed, all those people just swooped in.

Yeah. That could afford to just sit on a stock for years. Well, they say that with real estate too. Like if you buy real estate, buy homes. Like if you could go buy homes during that time, I mean you could bought million-dollar homes for years. Well, they say that with real estate too. Like if you buy real estate, buy homes, like if you could go buy homes during that time, I mean, you could bought million dollar homes for nothing. I mean,

not nothing essentially, but for people that have money, they would have just went down there and you could just bought a home. And then you're sitting on, you know, like 30 a, which is always, is a big vacation spot in Nash.

Yeah. It's in Florida, but a lot of people from Nashville go to, I still haven't been to it actually but uh i want to go down there but that like homes down there now are like eight million dollars to buy a home where if you'd bought it 10 years ago it would have been i don't know eight hundred thousand dollars and they're just because no one was doing it or whatever it was whatever reason 2008 would have been nothing yeah and then now it's like everybody in nashville

drives and that's just nashville i mean that means it's not like it's just nashville people everybody's going there so everybody drives down there now they have all this money yeah like the big short you love the big short i watched it multiple times i watched it this weekend yeah yeah i mean i really like it's great i i don't say i completely understand it all the yeah there's a lot of movies i watch that i don't say i completely understand that all the yeah there's a lot of movies i watch that i don't understand you know uh that movie does a good job of like explaining it yeah or just being like hey you don't even need to understand this yeah i think they flat out say that yeah yeah yeah it's like him the way he's the way he's talking to the

camera all that stuff it's just a very fun movie it's's great. I've watched Margin Call. It's a great movie. People might not know it. Isn't that about the same thing from the bank's perspective, though? Yeah. Yeah, I've heard about that. Kevin Spacey's in it. You can get past that. But it's really great.

Really? Just what they had to go do. And it's funny. It's one of them, like the head of the bank or whatever, or something comes in, and he tells the person, he's like, so what's going on? Because the guy predicted it, like this was about to happen, and then they fired that guy as well as he lay off.

So he was one of the guys that got laid off, but he had like a system in place. And, you know, it's the same kind of thing. Like you guys are getting in trouble, but you get bailed out. But the guy comes in, and he's the boss, and somebody explains it to him. He goes, explain it to me like you're talking to a five-year-old like michael scott yeah and he says it but it's funny that that guy's a successful guy yeah or supposedly you know but and he's

probably doing it for the for me watching at home right i'm like i'm so glad that guy said that right you know i think it's like see see, those Blink guys are pretty dumb. You're like, idiot. They knew you weren't going to follow along. Yeah. So the short stock, because I Googled, like, trying to explain that thing for a five-year-old, and I still couldn't quite understand it. About shorting a stock?

Yeah. I found a great analogy over the weekend. Okay, let's hear it. No analogy is perfect perfect but this really helped me understand it yeah so let's say nate let's say nate has a residency at the ryman and he's doing shows there every night indefinitely okay from now until like uh carrot top in vegas yeah and right now he's selling tickets for a hundred dollars a show but i have reason to believe that that price is going to drop. And pretty soon,

you'll be able to buy tickets for $50 because I've seen his act. People will be over it pretty soon. But right now, they're going for $100. So how can I take advantage of that in the moment if I think it's going to drop? So let's say you have a ticket to the show that you bought at full price. You paid $100 for a ticket. I can approach you and say, let me borrow your ticket to Nate's show. I'll pay you interest, but let me borrow your ticket for a little bit. Now I have your ticket. I can sell that at the current price, which is a hundred dollars but now i have to give a ticket back to you still so i wait until the tickets drop to fifty dollars scalp one and give that to you so then i've made money the whole process now what can obviously happen and what has happened is let's say then nate goes chris rock is doing the shows with me now. Now a lot more people are trying to buy tickets.

That jacks up the price. And you owe. You've already sold your $100 ticket. Right. But I still got to give one to Brian. And now they're $400 or $500 a ticket. And I've lost all that money. Yeah.

So who do they borrow from? What do you mean? Like the hedge fund. That's what they're doing, right? They're borrowing stock? Yeah, from people that own the stock you borrow it and then you pay an interest rate and that's why that's why all these hedge funds of my understanding and this could somebody could be listening and being like this guy's a complete moron yeah he's already turned it off probably but my understanding is that that the reason these hedge funds have lost all these billions of

dollars is because they're sitting around waiting for GameStop stock to go back down. But while they're waiting, they're having to pay interest on these stocks that they've borrowed. So they're kind of waiting it out. And like, do we just chalk it up as a loss or do we wait until it gets back low? Okay. That was the part I was having, the borrowing, like who are you borrowing from and how, so there's a system in place where they do that yeah you can um i mean if you own stocks you have an option to to let it be used i see like that yeah it's all very it's just the idea of like borrowing it and then selling it it's weird because you don't know how do you sell something you don't own yeah i don't really understand that part of it that's where hedge funds came in that i was talking to my

neighbor felix and he was like hedge funds were the problem everything was kind of like normal i don't know felix this gets felix in trouble felix felix started his own bank in his basement uh but he was saying like hedge it seems it seems like hedge funds were a big problem. They came in there. He just wanted to make more money. And so they figured out how to make more money was to do this kind of thing, where they short. And that's what those people go on TV. That's what that guy did.

They go on TV, and they'd say, we're going to short this. Because people play that game, and they're going to, on purpose, short something. play that game and they're going to on purpose short something. And so it was almost like that guy, the, the, whoever the Reddit guy is bought that GameStop and was like, they're going to come after this one day. And when they do, we will like, we'll fight back. Yeah. And essentially that's what has happened. Well, that's when you short a stock, that information has to be public right now.

So you can see what companies they're going after. And I think that's what that guy did. He's like, I see all these companies betting against it. So I think I can take advantage of that. If I got enough people. Yeah. Yeah. I mean, because if all of us bought shares, we would make everything go up.

But it's like the money is just like, it's like gambling, right? It's worth whatever people will pay for it. Yeah. So it's all, if you think about it too much, you're like, oh, this is all just fake. Yeah. And that's a little distressing to think about. Yeah. So the worst day in stock market history wasn't the stock market crash in

1929 it was actually 1987 uh it dropped twice as a 22.6 percent so almost a fourth of the value dropped in one day in uh what happened 1987 i don't know it's a good question um what does it feel like happened 87 you were you were rocking and rolling what do you remember you don't know Aaron it's a good question um what does it feel like happened 87 you were you were rocking and rolling what do you remember you don't remember it was in high school yeah you don't remember anything any big in big movements I mean I vaguely remember them talking about this Black Monday but I don't I mean I don't even understand what's going on now so I'm sure not gonna know honestly that's like kind of relaxing to hear that is the biggest drop ever and you're like I mean I kind of remembered maybe people talking about it but yeah i wasn't out on the street in a food line you know

you remember hearing about people jumping from windows to their death when the stock market crashed in 1929 i think i've you know man no never heard that no this is not gonna be as impressive then i tell you i thought that was common common knowledge i think i've heard no in movies and stuff people jump to their death. Well, it wasn't true. It didn't happen. So I thought, I'm going to blow you guys' mind. Since you hadn't heard about it.

Not as much, but they heard about it. Yeah, it's a common thing that people like start, or people who lost everything, they were just jumping from windows to kill themselves. But the buildings weren't that tall back then. Yeah. So it's all good. A lot of sprained ankles.

It was an immediate regret. Now they got medical bills so they can't pay it. Now the stock market crashed at 29. That led to the Great Depression. Why are you limping? You jumped out of the building.

The Dow Jones is down. The Dow Jones is down. The Dow's down. Not even the Jones yet. Jones didn't come along. The Dow's down. Dow's down. Dow's down. Well cheer the Jones yet. Jones didn't come along. The Dow's down. Dow's down. Dow's down.

Well, cheer him up. There's a couple comedians that said things that made people think that. Oh, really? Will Rogers said when the Wall Street tailspin happened, you had to stand in line to get a window to jump out of. And then some comedian, Eddie Cantor, said he just requested a room on the 19th floor and the clerk said, for sleeping or jumping? Those are a couple of jokes.

And then it became a whole thing that people thought that really happened. Man. But it really didn't. I mean, now people say whatever, the craziest stuff ever. Yeah. They wouldn't even ring a bell. That's clean comedy. Yeah.

Very much so. Bitcoin, we you talk about that yeah something i understand even less is bitcoin i don't understand i mean it's so it is so complicated dude it was yeah created invented in 2008 by person or persons by the name Sashi Nakamoto. They don't know if that's a group of people or one person. And it started in 2009. I did not know the people. That's a pretty good name.

You have a name that could be you are a group of people. Like Nate Bargetzi, no one's going, is that a group of, what is it, a flock of 41-year-olds coming at me? And you're like, no, it's a person's name.

This guy has a name that we don't know. If it's his name or is it a large group? What was it? Yes, I, yeah. Satoshi Nakamoto. A group of people. Yeah. Means a group of people. Yeah. It means a group of people in Asian.

So you do cryptocurrency, right? I have. I don't own any right now, but I- How do you even start? You got rid of it. It's a good time to get rid of it. I mean, when did you sell it? It's like great now.

I had Bitcoin. I sold it when it was about $9,000. Do we figure out if you're... Now it's at $30,000. It's at upwards of $30,000 now, which at the time would have been... It just was insane to think it would be that high. What about your diamond hands? Yeah.

This was years ago. This was years ago. This was before I got caught up in the movement. This is your gout foot now. So you could afford a new foot yeah i could have just a little less i would have held on to need a big foot but i bet you buy it the same way that you'd buy a stock with just different apps and that's how most people treat it it's just when did you buy it the first time oh three or four years ago right when you got

your planet fitness membership i was six thousand or 6,000 at the time. You did this. When Ralphie died, you did this and the Planet Fitness. And you held on to one. And you held on to the worst one. And you sold the one that would make you. I mean, you'd be a millionaire right now. You wouldn't even be on this podcast.

I didn't put that much in. I'd have more than I do now if I would have held on to it for sure. How much did you buy? Do you remember how much the shares, how much it was? I mean, I can look it up what it was. The Bitcoin price in like 2018. Are there more than just Bitcoin for cryptocurrency? Yeah.

Yeah, I think so. Yeah, there's a ton. There's thousands of them. Bitcoin is just the one that people know about. Is it 68,000? Oh, gosh. Bitcoin's just the one that people know about. Is it 68,000? Oh, no. No, that's... 68 million? That's how much 2018 Bitcoin is.

So one Bitcoin right now is $34,000. So, like... But a whole Bitcoin, if you wanted to buy one now, it's like $30,000 to buy one full Bitcoin. Yeah, but you don't have to buy a full... You can just buy a fractional. Do people want to buy Bitcoins? Like a full one? Is there any benefit to buying... Oh, sure. If people that have that much money, yeah, you don't have to buy a full you can just do people want to buy bitcoins like a full one is there any benefit oh sure if people that have that much money yeah you're buying a bunch but you treat it like any other investment i don't think i mean people are doing

shady stuff on the internet they're using bitcoin probably if they're buying drugs or hiring really hit men and that kind of stuff because it's all anonymous and and safe to use but i think most people but it shows you can see every purchase but it's all encrypted i know but you can but it shows like every uh it doesn't show your name but it's every purchase from bitcoin i think is yeah visible right a blockchain blockchain yep so but is it just some of them say hitman no no and you're like oh who did that you're like, oh, who did that? You're like, well, we can't tell you who, but I can tell you that there's been a lot of Hitman hired.

Can anybody bring up a blockchain? Yeah, I had it up here earlier. So you can go through, I think I should say, the way blockchain works is like, I was reading about this. Blockchain is like a, you were talking about, you don't like the idea of somebody just being able to just wipe out your money. The idea of this is like the ledger where all these transactions are recorded. There's not a central, it's decentralized.

So the three of us would each have our own ledger where we keep track of everything. And it's just a network between the three of us. keep track of everything. And it's just a network between the three of us. And we all have to validate each other's copy of the same ledger. And that's how it works. So there's no government. There's no centralized agency controlling it all.

It's all just us. How does it come in value? Because it's the same way we're buying it. People want it. They want to start using it. If I open a store and I'll only sell sell bitcoin then that's going to count as value like that counts as if i if i'm if i'm selling pins you can only pay for it in bitcoin well then bitcoin's worth a lot in my store yeah because i'm only accepting bitcoin so if everybody started accepting bitcoin then it's going to be

then bitcoin will be the new thing that we start spending money right which i do think that that kind of aspect is going to i think it's going to happen like i just i just don't see people becoming less and less trusting of governments and governments come and go and they fall apart and all these things and so it's like it's kind of like our own money if i own if i want to sell you a car and Bitcoin, no one can stop me. Right. I don't think so. Right. Right.

For sure. My wife, I go, no, you don't understand. This is a, so it says there's only, there will only ever be 21 million Bitcoin. Yeah. Explain that. So the way Bitcoins aren't given to you, you mine bitcoins. And how do you do that? So when you're a Bitcoin miner, you set up to run the complex mathematical function to validate the ledger.

Okay. my computer to calculate all these the blocks in the chain once you calculate it a bitcoin is granted so there's just all these all these different people in the in the network trying to do that but it was designed in such a way that it has diminishing returns over time over the year so like when it first started if you solved the uh the algorithm to validate blockchain you got like 50 bitcoin and it just decreases over time and eventually it'll stop i don't understand really any of that but and then so the uh so you're the mining a big one so you can get some Bitcoin for free? That's where it comes from. Yeah. So you can either just buy it or you can do it for free, like mining.

Yeah. But the thing is, it's incredibly expensive to mine it. Yeah. It takes a lot of just the power, like the electrical power, to run this mathematical problem. Yeah. And you have to have super advanced computers. Yeah. So if you you

back in the day it's not gonna do it well back in the day you could do that back in the day you could set up like your spare computer you just let it mine bitcoin for a while now you gotta there's warehouses full of these processors that are doing it yeah so you can't just the normal dude on his computer can't do it anymore. Unfortunately, that'd be pretty awesome just to. So when this 21 million runs out, what then? I don't know. Because I think they're almost all found, right? They're getting there, right?

Yeah. I don't know. Then it would make it more valuable. Yeah. For sure. Because whoever has it. Well, then you would just figure out, then there might be a new cryptocurrency. Yeah.

Because if there's an end to this, then why would they let it end at $21 million? I don't know. Because I think if there were an infinite number of Bitcoin that could be out there, then they'd lose value. If there were just dollar bills everywhere. So who put it in that mine, though? It's the program.

It's the program that does it. Whoever built it. The Sasasugi? Uh-huh. Yeah. Okay. All right. And I don't know.

I mean, I sound like I don't really know what I'm talking about. Yeah. Throwing that out there. Yeah. This says around 20% of existing Bitcoin, which is about $140 billion, appears to be lost or otherwise in stranded wallets. Meaning people have a digital wallet.

Yeah. That's the guy that, there was a guy. Do you have the story of that guy? I do. What's that? So there's a couple of different stories recently. One guy lost his password. And I think that's around $140 billion.

He only has two tries left out of 10. Billion or million? Million, sorry. $140 million he has. He only has, at this time we're recording, two out of 10 tries left on his password device to access the fortune. It's going to be impossible to guess. You're not going to be like, it was Sparkles245. Yeah. It's going to be impossible to guess it's not like you're not going to be like it was sparkles

two four five yeah it's going to be some ridiculous i think it's a 64 digit yeah uh yes and i mean he's got to find you got to find it somewhere yeah there's a british this also recently going on a british guy uh threw out his hard drive that had bitcoin on it he's a 35 year old it engineer he did this in 2013 and just figured out that this happened but he wants the ask the government to be able to go through the trash to try to find this and uh he still thinks he can recover the bitcoin he had 7500 bitcoin on there which today's worth 280 million dollars yeah He threw it away eight years ago. Wow.

Yeah, that's crazy. Some guy died. This CEO of a company, he was the only one that had the password. He died on a trip in India. He's the only one that knew the company's password and they had $180 million in Bitcoin. So now there's a wallet recovery service that will try to recover it for you.

They get 20% usually of what, I mean, it seems fair, I guess. But they help you recover cryptocurrency if you've lost it. How are they going to find that password, though? I don't know. Yeah. You got to set up a kill switch, you know? Have you ever thought about all these rich guys that set up a kill switch? What does that mean?

They make a contract where they're like, if die all this stuff happens yeah just think just to avoid a situation just like that yeah you know so do you have a key for bitcoin like not a physical key but like you have yeah so it's a long uh unique identifier just string of letters and numbers and stuff and you have a public one that people, if people want to send it to you, they have a public one, but then you have your private one that is listed in the blockchain and all that,

all that kind of stuff. And so these people that lose their password, it's like they have this giant, wait, this kill switch. You're talking about like, if so, like a wheel or like if everything,

if you die, it could be like a wheel, but you can just, yeah, you could just have something set up to where like, i die i want all this stuff to happen yeah because i think about that like sometimes i mean i don't have bitcoin sitting around but if i die like stuff needs to happen that only i could do yeah fitness right gotta write that letter that only you can get so you would let this stuff die with you is what you're saying no i'm saying

i should probably set it up to take care of it. Yeah. Are you talking about a will? Maybe like a will, yeah. Is that what you're calling a kill switch? Is it just that? A regular will? A kill switch, like the metaphor, you know, if you die, flip the switch, and then all this stuff happens.

You know? What happens? We think. Whatever you want all your money goes somewhere you can't yeah that can be part of it so that's a will so that's all you're saying that that's what you're saying that you wish you would do yeah but you're calling it a kill switch well here's an example if i was blackmailing you yeah and and i thought you might kill me i would set up a kill switch where if i were to die

then all that stuff would be released or whatever that's like a kill switch yes okay that and that would be the appropriate time to use it if you were in some type of situation like that now just for your regular life of your as we saw your calendar i know you got a lot going on but i can't imagine capital view me you need a kill switch that sets off you gotta like let the capital view people know like hey obviously i'm not gonna be here i died if uh everybody that's in the capital building they go how's our two o'clock coming and he goes he ain't coming no more i got a pigeon flew a letter to me today apparently the pigeon was trapped in a cage once he died, opened, and the pigeons flew until all my meetings were canceled by pigeon.

You would like a will. Yeah, yeah. That's all you need. You're right. A little bit too extreme for what I got going on. That's true. That's true. You need another will.

I'd love to get to the level where I would have a kill switch. Yeah. For sure. Yeah. I mean, that's a, yeah. I don't understand if you're, I think you need to be like a James Bond or something, you know? I don't even know what level you'd be at. Even if you had $15 million, I don't know if you need a kill switch.

Like if they have secret identities or just secret stuff yeah whatever like james bone yeah you know now it could be fun for maybe you do have a kill switch that sets off some fun funny yeah you could do something like that yeah you could do something yeah it's like you know a guy who delivers a package and the letter that just says i'm dead dear planet fitness i'm dead yeah you can sell a kill switch for them yeah you're right all right a little too extreme of a word to use for sure but yeah it's a word that someone your age not married doesn't understand what a will is would use that you're describing you want it to be cooler than you than it is you don't want reality to set in once you get married that

your life becomes boring and you're just you know used to live this fate you go use all these fancy words just try to add some spice to y'all's you know just to be like did you get the kill switch signed and then she's like it's the wheel like lucy's just sitting there going yeah we signed it i signed you use my other name and you have a different name and you know the ink disappears you just have a book shelf that slides open and you can hide behind the wall and shut it but it doesn't shut all the way because you're like it didn't go that far back enough but it could if you pull this book then just one other book falls off at the same time it's not you know you're like one day i hope that i'll have the but right now i just

want to show you that i am on board with when you pull this one book a book above you pops and hits you in the head and so if someone comes in and tries to steal my book, they pull it, a heavier book falls and hits them in the head. And they're frustrated. It doesn't knock them out, but they are definitely annoyed with the situation. And you've been dead because of the kill switch. That's right. That's part of this.

Kill switch has been activated. Obviously, they've already killed you, and they're coming to get that book um future of money which i think we've already covered it's not going to go well for me because i don't understand anything you've said banks are going digital that's already kind of happened brick and mortar banks will kind of go away everything's going to be more online banking i don't i don't love not going places i it's happening with uh shopping i mean you can't you know i walked around the mall the uh the other day and there's just there's not that many stores anymore there's not a lot to go to think of the kids toys like christmas you're just not buying everything's online everything's uh you know like toys r us is not there like that was fun to go take you know you go target

target's the only place and i mean target is packed target's always packed people need to go get stuff and you know grocery stores obviously but as far as buying clothes and that kind of stuff i mean no one's you're just not doing it anymore. And I still like going to see something. Do you guys still go to the bank? I mean, unless Laura does. Laura, I don't know. Laura, do we go to the bank? Is she right there?

She's at the bank. Yeah. Yeah, I don't know if we have been to the bank. No, I tried to go to the ATM this weekend, actually, and my card said no. She's changed it. My card went, yeah. I think we switched accounts, and so I don't have the new card. And I put it in, and they said no.

I mean, I still get checks from comedy clubs, but I figured you probably took a picture of it and sent it in digitally. I still physically go into the bank. I went to the bank today and did that through the drive-thru. Okay. Just with checks. Yeah.

Yeah. If it's on the way, I don't mind going in there and doing it. People at the bank are always nice. Yeah. It's a nice experience. I like using the thing. Yeah. Yeah.

The thing? The thing that shoots up? Do you know what that's called? I don't know what you're talking about. The kill switch? The tube. Oh up? Do you know what that's called? I don't even know what you're talking about. The thing that the thing- The kill switch? The tube. Oh.

The tube thing, yeah. I like using that. Yeah. Your mom used to work at a bank, didn't she? Yeah. Yeah. She worked at a bank, First American, a long time ago when I was a kid, and then Pinnacle Bank for a long time.

And yeah, she loved it. She's talking to everybody. Yeah. Yeah. It's a a fun it's a good because Pinnacle Bank is a great bank chemical bank is what it sounds like

yeah Seinfeld but Pinnacle is a great bank and it's a bank that you went in and they like knew all the people

that come in regularly and talk to them I think it's people that have a lot of checks and a lot of stuff like that I mean I have to write checks for like opening and stuff like that but i mean now we have a business manager so they're they do it didn't you have a joke about voting that that's how you thought you did it

through a tube yeah yeah yeah um yeah the i mean i can remember when you would get monthly statements in the mail for your checking account or whatever account you had. And that's how you kind of kept track of how much money before there was just online banking. I get a, we get a cashflow email from like our business manager. I mean, no idea what it is. I look at it. I don't understand it.

There's a cashflow statement. Yeah. Confuses me. I just want, I think they should call and. There's a cash flow statement. Yeah. Yeah. Confuses me. I just want, I think they should call and go, here's how much money you have. And they just, and they tell you,

and they go there and they go, that's it. They go, that's it. That's all you need to know. That's all you need to know. Here's in like out of, you know,

cause money gets so, it starts getting so spread out. You got, it's in stocks or it's whatever, like money's everywhere. 401k, I think we do something like that. I don't know. I don't have any.

I mean, we do stuff. You got retirement funds. Laura's always been a saver. So she's a saver. So she's always been really good at saving. Yeah. And so, and we're going to hopefully one day have all the money buried with us. It's a really good time.

That's the goal, to one day. Or you set up a kill switch and give it to Harper after you're old. Yes. Yes. Well, yeah. We will set up a kill switch to go. And a clown comes to her house. The raiding of the kill switch.

With a briefcase. And she has to take a fingernail off. She has to show that she's the true, the true, what is it? Something that wants this, the true power to be. I don't know.

Robo advisors. People would probably sign up for wills more if they called it kill switch. Yeah. Because that's a big problem. People don't want to go do the wills. Yeah. And if they said, let's do a a kill switch if you were in the will business

you should start if you feel like i need to drum up some more business it's hard to get these people in call them and say have you ever thought about a kill switch and they're gonna go all right what is that and then it's like and then you go in you it's a will even says will on the thing and you just you go out you can't say kill switch dude like you just say that to him and the guy will i mean you would go sign up tomorrow yeah for a kill switch that sounds awesome you gave him you're like well stuff will come into place yeah they'd be like if and when you get assassinated yeah here's what'll happen yeah like oh man what if i don't get assassinated though and you're like when you die so they're just always say assassinated doesn't matter when you die but when you get assassinated when you

get assassinated and you go i will probably be assassinated i got a lot of stuff on my mind people don't like to hear it uh robo advisors that's kind of already become a thing but going forward ai-based robo advice instead of having a financial planner a financial advisor or stock guy computers will just look at your portfolio and basically help you decide what you should be doing yeah the people that are going to the things that are going to take over eventually you want to hear from them yeah here's what i think you should do they're're like, invest more in batteries. And then they start laughing.

He's like, these idiots. He goes, hey, have you thought about three-prong plugs? More stupid. And then we're just going, is that what we're supposed to do? And making them stronger. I'd get some oil to squirt on them. Yeah. All right, I'll do it, man.

I'll buy a bunch of it. Have you seen some of these new robots from like Boston Dynamics? No. Some of these. I mean, every year they put out like a new video of it dancing or something, and it just terrifies me. I mean, they look like they put this up a month ago. I mean, they look like people, dude.

I feel like you said Boston Dynamics. Like, we all just look at that website. Like, you go, you know what? I was on it earlier, and I didn't see this. That's the person that looks like a person? That's the robot, man. Wait until it starts moving around. They can dance and go pick up stuff.

And, I mean, why are we building this? Jumping, yeah. And then that thing's going to be giving you stock tips. Yeah. Probably not him. Probably not this guy. Probably not. That you can't disagree with.

That's the cool robot in high school. The stock tips coming from the nerdy robot that got picked on. This is the jock. The stock tip robot, can you dance? He goes, obviously not. That's not why I'm here. That's not what you want me for. Yeah, and these are the ones that take over uh you go to boston dynamics quite a bit

they have videos go viral all the time man they're like tests they're like a big technology but do you think you would then go guys did you you know earlier i said i watched a video of a man crash a golf cart in the French door. I didn't go, hey, did you guys see the golf door crash site? Do you think you would just go, hey, did you see the video of the robot dancing? That's what probably most people are saying. And you go, did you guys see what Boston Dynamics is doing? It's getting pretty nuts over there.

And everybody's like, wow, Aaron goes to Boston Dynamics quite a bit. He's on their website. It's part of his kill switch is you got to go to Boston Dynamics and fight that robot if you want to get his now negative GameStop stock. The kill switch. The diamond hands, Aaron Diamond Hands Weber. now negative GameStop stock. The kill switch. The diamond hands, Aaron Diamond Hands Weber, that held on to until his whole family's broke.

Oh, man. Do you think Lucy's mom's going to hear this and just try to get her out of this? I think she'd turn it off a long time ago. Well, I'm saying she might be like, you got to get, you don't want to be with this guy. He's a kill switch. He bought GameStop at its highest. I mean, maybe the worst time ever to buy GameStop.

It's a joke that they're trying to break the system. He bought Bitcoin at its lowest. Bitcoin at its lowest and sold it at the low to middle list. Not even. The same day as Planet Fitness. It's down $100 today. Yeah. All right.

You got diamond hands. You're going to hold on. Diamond hands and gout foot. How high can it go? Theoretically, it can go a trillion dollars. What's the highest the stock's ever gone? So Robinhood was saying they had a stock because they didn't have the money to buy it.

Yeah, hold on. Look up the... I want to say it's the stock for Warren Buffett, one of his funds. It's like 300,000 something dollars a share. Like how often do they get up that high? So, all right. So Bitcoin's at 38,000.

So like how, I wonder how often is stuff getting up that high, where they're getting is, you know, like, so you do buy it at $325,000, and not saying specifically GameStop, but if you buy a stock and say it's $325,000, how often are stocks getting up to $30,000?

Where GameStop is worth buying it. Yeah, Bitcoin wasn't a stock. Yeah. Yeah, but it depends on how many shares you make available too yeah you could have a twice like what's one share what's the biggest i'm saying if he bought it at 325 yeah how often is it the stocks go up to 320 000 like you know is it that often or is it never are they always around four or five hundred and that's about it no it depends i mean average i don't it depends on how many they have you could have way fewer shares available and then they're going to be more expensive. But if you have millions and millions, that can be, it's like a cent.

Yeah. You know? So it just depends. Warren Buffett's, his Berkshire Hathaway, there you go, Brian. $320,000 per share. You know? So if you got that as, I mean, what could what could you ever yeah what did it start at what like yeah if you bought that i don't know if you bought a dollar if the share was one dollar

yeah that means that share would be worth 320 000 so someone right that's essentially exactly what it is yeah and so whatever you buy the share at and then more it goes up is the how much money you've made off of it. You can sell it for, yeah. Yeah. Who are you selling it to? You know, that's the... Yeah.

Who are we selling it to? Like, who could you sell it to? Why would someone be like, I don't want to buy it from you? Like, if you bought that for a dollar, and it was up to $320,000, and you go, I want to sell, whose goes, perfect. Somebody who thinks it's going to keep going up. Yeah. And they'll sell it for $600,000 and you go, I want to sell. Who's goes? Perfect. Somebody who thinks he's going to keep going up.

Yeah. And they'll sell it for $600,000. There's no way. There's no way that someone's going to keep thinking. There's got to be a point that it would stop. Well, sure. So that's what I mean. Who are you selling it to?

But there was probably somebody at $200,000 that bought it. Does the company got to give you the money back? What do you mean? If you bought that stock at $1, and it went to $320,000. Yeah. And then you go, I want out. Oh, and then you can't get anyone to buy it?

How many, like, who would buy it? If you go, I want out. No, well, then it's actually worth less than that. It's worth as much as somebody's willing to pay for it you know so this you're like i've you're like i want to sell it for 320 000 they're like i'll buy it for 200 000 yeah then then it's only worth 200 000 yeah but i mean so if someone made a billion dollars on the stock i mean no one they could just like no one's gonna give them the money or billion or like these these gamestop guys that made up 48 million dollars yeah but you

don't really make it till you sell it well no no you know if it dropped then you'll have to sell it at the lower price i know but so what did they say so if that guy wants to sell that stock he made 48 million yeah and say he wants to get some of that money out and he's got that gamestop stock all the way to the top he's got to get someone to say agree to buy it yeah so what if they go well no one buy it like essentially that's what the the stock people are doing because i mean other people that are making the stock go up none of those people can afford 40 million dollars yeah and so you'd have to give them 40 million dollars cash basically you transfer whatever well it's only worth that much money because it's it can be sold for that amount yeah to other people yeah you know i know it's like i

just like who would ever you know what i mean like with that stock is like i don't why would someone buy that you're going i don't believe i believe it's a waiting game well that's when it starts going down. How are those guys losing? The guys, because they shorted it, so they bought it. Right. They bet on it to fail. Yeah.

All these guys jumped in and increased the price. That's how they're losing money. They have to give that money. Yeah. The guy doesn't really care about getting up to $48 million probably. He wants them to lose billions. Yeah. They are losing.

They are losing. Because they have to pay. You do have to pay have to pay they gotta pay them back yeah they have to who they paying back the people that they shorted the shares from that they borrow the shares from to short yeah yeah which could be anybody yeah someone goes i have it oh can i short so if like if you had it and i go i want to short this i could ask you and you give it i don't think i don't know if you go to people i'm not entirely sure how that i don't think you go to I could ask you and you give it to me. I don't know if you go to people. I'm not entirely sure how that works. I don't think you go to people directly, but you just, yeah, that's how it works. It's like, yeah, it's all just words. That's what it feels to me.

It just feels like it's all words. I feel like, yeah, I feel less confident at all. It feels all fake to me. Yeah. And I think it is at some level. Yeah, they could just go, yeah, why do we, yeah, we're not getting to the bottom of this. You're like, why do we even have it?

And then it's like, I don't know. It's like anything. You just talk it, do it, and after you're like – We've been talking this all – and you're back to your original thesis, which is like, dude, do we even need stocks at all? Do we even need it? Do we even need it?

Is it – I think it gets to show you – but why not just have numbers that show you how good a company is doing? Like their sales. Their sales percentage good a company's doing like their sales their sales percentage means this company's doing really good and you go I'll go shop at that company

and buy their stuff because most people are buying their stuff yeah it feels like it's a game that was invented outside of the other stuff

yeah it does feel that way I feel the comments we will get, I will be making crazy sense about one thing. And it'll be, it'll be, you got to mine through the nonsense that I've spouted,

but there's going to be something. Someone's going to be like, that's yeah. I didn't know something. Yeah, for sure. Maybe it's the cool switch. I don't know.

This is more future of money. Cashless society, Sweden already now 98 of their countries uh transactions is digital so they're almost already completely uh cashless most developed countries are going way you know there's some less developed countries that are still more using gold sometimes yeah fiscal money things like that so uh data-driven currency i don't understand this really i understand buying data but some people they're saying data will be used as currency 50 of the top 10 companies are now data you're not they're not people aren't making things anymore data is the new oil it says you go back 10 years ago, companies made products and services.

Now the top companies are Google, Facebook, Alibaba. It's a shift from the market value to data. If you made up Alibaba, I would believe that. I've never heard of that. What is Alibaba? That's one of the top companies in the world.

It's like Chinese Amazon? Yeah. Do you know what it is i don't i never let's go to it yeah alibaba uh i yeah like data seems weird too it's like it's going to be hard to everybody to wrap their head around that's why all this stuff money is like going off of now just like ideas like if the all is like you at least know it does something it's how we do this and so data like ends up

it's going to end up being like this is inappropriate this is this is a family podcast Alibaba you went to her Alibaba.com a girl named Alibaba who just

did not who didn't ask for this I mean that's you know Ali Baba I think you had it right though

alibabagroup.com so like yeah it's all but it's all like it's gonna be hard you're gonna have to get my generation even even probably my daughter's generation will probably somewhat get it. Even her kids are probably going to be before.

You need us out of the way because we still don't. We won't be able to wrap you. You're part of it. I think you got to go, too. It's going to get too crazy. Oh, yeah. I know. It's already slipping away yeah you have too many like old things you know what it's like to write a check yeah or to write i mean i don't know if they're ever going to need to write something signatures you never your signature will only be on like you know it's

like docusign or that kind of you're not gonna i mean pin there's not gonna be a reason for it why would you need it yeah You're not going to. I mean, pen. There's not going to be a reason for it. Why would you need it? You're never going to be doing it. It's all going to be electronic. So the idea. That's really interesting. You just never even have to teach kids how to write with a pen. No.

It'll just be a skill that never works. I mean, think about if you would have invested in pens, if you could just in the broad stroke of pens. Yeah. You would be like, yeah, yeah dude where would they ever go right and now you're seeing it more and more you're like i don't you know outside of the fact that i wrote onions and wiki page on that and i write my set list out on a note card i mean i'm not touching a pin i mean i still sign stuff but i'm doing some docusign stuff now i'm not even like that's you can kind of do that a little bit more so that's going to just become more and more and more that i mean i

think in my i think in 10 years it could be i have a pen just for my notes on my stand-up yeah and that that's it and because i and i just because i like it do you think. Do you think a comedian could be automated one day? No, I think people want... People talk about experiences, because they're saying you go to the store now, computers are going to be able to do everything, but we're still human beings, and we still like entertainment.

So an idea of an actor that can be... You still want to see Tom Cruise. There's people, that's what we like. That can't go away. You're not going to take that away. I mean, there was a movie last night. I didn't watch it, but with Bruce Willis, I saw the trailer.

And it's the idea that it's all surrogates walking around. Oh, yeah. I think it's called Surrogates. Yeah. And so you lay in it and you live in a virtual so you basically don't ever leave your house but i mean you can't survive as a human you're going to just die super young realistically like you're you're the age will go down because you need to be out the sun but the sun is what the vitamin we need that's pretty crazy you know you're just built for all this stuff so i

some jobs i mean we could work our ways out of jobs we'll be in big trouble because like then you go get farmers like there's no you know you're like well they just have robots all that kind of stuff could they have to change if you could program a robot to write jokes and do stand up i mean you might be able to but uh you don't want, no one wants stuff too perfect. Yeah. Too perfect is uncomfortable. Yeah. Makes people uncomfortable.

And I think if you wrote, if you had a robot that wrote jokes, it's going to get too perfect. And it gets too, like maybe figures some way out and it gets, I think people like seeing mistakes because everybody makes mistakes and mistakes makes it seem real. And then that's what makes people come back to it. So I think if it felt too perfect, it'd be too much of a problem. Now, I don't think we would ever deal with that.

I don't, you know, I think people want shows and people want, you want live shows. I mean, you know, but live shows are gonna be tougher and tougher because people don't, you're getting,

you know, you get YouTubers and now they're all making this stuff. stuff well these people want to go see them as a live show they don't know how to do a live show they don't do live shows so i think the aspect of this is i don't know it's talking about the same thing but the idea of live shows could even go down just because these people can't do them yeah you know yeah and so i'm gonna go watch it the human experience like our personal issues That's what people find funny Yeah And a robot

I mean I just can't imagine Even if the joke was told the same They would connect with it Hmm But there are some comedians Where their jokes are It's basically math You know where it's just like

Yeah I think that But I mean Yeah you could have You know Stephen Wright Like a one liner Right That's what I mean Yeah A robot couldn't do, you know, Stephen Wright, like a one-liner or something. Right, that's what I mean.

Yeah. A robot couldn't do like what you do. Yeah. But just straight up, just like an algorithm of a joke they could figure out. Yeah, I mean, memes are essentially, like, I mean, that's, you know, that's kind of, they've got that so fine-tuned, it's so short of a thing that they figured out some kind of thing for that it makes you laugh. sort of a thing that they figured out some kind of thing for that. It makes you laugh.

But I think seeing a live, I think experiencing something is still, that's why experiences I feel like are going up and will always go up because people want to experience things. I mean, that's what people want to purchase more than anything else. Yeah. An actual experience and go see something. Yeah.

I think, you know, I mean, they can't right now, but you know, so. One more feature of money that's being discussed, universal basic income. Some U.S. cities are testing this out now.

Obviously, Andrew Yang proposed this when he ran for president last year. Now he's running for mayor in New York. His proposal is everybody, every adult, I guess, gets a $1,000 check. That was when he ran for president, $1,000 check every month. His argument is that everything's going automated, like you just said, and that a fourth of the jobs are going to be lost to automation in the next few years. So people are going to need some type of basic income just to survive.

Criticism is it's really expensive. Yeah. And everybody just gets a thousand dollars a month uh-huh every u.s says an 18 and up we get a thousand dollars a month um if everybody does it then i will do it yeah that's the if everybody agrees to do it yeah is andrew yang that's the that's the this would he agree to do that do what like that means everybody like he that andrew Yang gets no more money. He just gets $1,000 a month from here on out.

No, this is $1,000 the government gives you every month. No, no, no. It's in addition. Oh, in addition to your job. Oh. Yes. Yes. But, yeah, it could be, that's just the amount he ran on.

But in theory, it could be. It could be anything. That's just what he ran on. But now cities are trying this where people, know it's try to cut back on poverty i mean one of the argument is it would give you less incentive to try to work just like anything there's pros and cons of it yeah yeah but uh there's more talk as automation comes on and takes people's jobs that some type of basic income yeah it's something that I mean, if you get to that point where everything's taken away, then maybe they would be.

You have nothing to do. Yeah, I'd love to work. But then you're almost like, why do you even need money? You're like, we're all just, you know, you're back to the trade and barter thing, shaving off gold. It all comes back to that. You have to walk in with your robot and a gun to a tit. Just, get my family back. That's what he had to do fight a

robot could you beat a robot yeah one from boston dynamics could you beat that robot all you gotta do is outlast it it's going bad i think it's stronger yeah wouldn't you put a kill switch on it i would put literally a literal kill switch a little but then it just kills you and you're like that was literal and you go yeah he was like i was just having fun with you and then you flip that skill switch so now i have to kill you and you're like well let me flip it back and he's like no and he knows now uh all right that's it uh all right well i hope you uh we solved it everything figured out uh this is a different alibi. That was a way different website.

That's Alibaba. Alibaba. That's the correct one. That's not the girl, Ali. So, thank you guys, as always,

for listening, and we appreciate it, and we will talk to you next week. Bye. Thanks, everybody, for listening to the Nate Land Podcast Be sure to subscribe to our show on iTunes, Spotify you know, wherever you listen to your podcasts and please remember to leave us a rating or a comment

Nate Land is produced by me Nate Bargetti and my wife Laura on the All Things Comedy Network Recording and editing for the show is done by Genovation Consulting in partnership with Center Street Media. Thanks for tuning in. Be sure to catch us next week on the Nate Land Podcast. Hey, I'm Jillian.

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