Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
From UFOs to psychic powers and government conspiracies. History is
riddled with unexplained events. You can turn back now or
learn the stuff they don't want you to know. A
production of iHeartRadio.
Speaker 2 (00:24):
Hello, welcome back to the show. My name is Matt,
my name is Noel.
Speaker 3 (00:28):
They called me Ben. We're joined as always with our
super producer Bull Mission control decands. Most importantly, you are
here and that makes this the stuff they don't want
you to know now. Fellow conspiracy realists, long time listeners,
we have been publishing some classic episodes that we hope
you enjoy. As we have been on the road, we've
(00:51):
been in a series of well, you know, you get
in situations. But listener mail is one of our I
saw that faces.
Speaker 4 (01:01):
We do, we do, we do, we do.
Speaker 3 (01:04):
We're being diplomatic. Listener Mail and Strange News there are
two of our favorite things that we want to do
every week, and we have a tremendous amount of correspondence.
We read every email we get. Shout out to Tamara
C who actually took us up on the poetry swap idea.
(01:25):
You can be part of that if you'd like to
email us. Shout out to everyone who has called in
and shout out to everyone who's going to join us
on air in the future. Today, we're going to talk
to our good friend Lucas regarding some harrowing things, some
very black Monday Murder esque concerns about banks overall in
(01:50):
the West. We're going to get into a temporal tizzy.
And this one I'm coming in from. I have no
idea what this one's going to be. That's a voicemail
coming to us courtesy of Flummoxed. And then I was thinking,
before we get into all of that super important crazy stuff.
(02:10):
You guys, we receive an amazing letter from someone calling
themselves balloon Boys, and it just it's nuts. It's nuts, Okay,
so what do we say. Let's read it and we
can kind of, you know, mosey through it and stop
it points because I think we'll all have some stuff
(02:31):
to weigh in on here. This is revelatory, and honestly
I am I am surprised that we missed this part.
So here we go. Balloon Boy writes in to say,
hey all, I'm here to hopefully add a bit to
the balloon discussion if any part makes an episode. I
(02:54):
realized my name is right there but please refer to
me as balloon boy. Let's stop there. What are we
talking about. What's balloon boy talking about? Just quick recap
for anybody who missed that conversation.
Speaker 2 (03:06):
We're talking about the balloons that have been shot down
by the United States government, the well, the allegedly balloons maybe,
but definitely the one allegedly Chinese spy balloon that was
initially shot down before all the other random balloons were
shut down.
Speaker 3 (03:24):
Yeah, it was not too long ago. And Balloomboy continues
and says, the US scientific program is quite strong. We
launch a surprising amount around the world at different times
of year, talking about high altitude balloons, right, the kind
of things that can leverage global weather patterns right to
(03:49):
just float around the world. Bloom Boy continues, Currently, our
guys are out of the country as upper level winds
are pushing east and will continue for another month or
so and then they'll flip and blow west. We're getting
We got this correspondence toward the toward the end of April.
(04:13):
Balloon Boy says, it's hard to imagine wins at one
hundred and thirty thousand feet turn like that, like they
flip like that, But they do. This is part of
the issue. The Chinese could only get this balloon over
to us certain times of the year, and as this
balloon has been floating a while, its altitude had degraded.
(04:34):
Any attempts at controlling a balloon through propellers or jets
are extremely limiting, as any weight added reduces float altitude. Therefore,
these balloons are free floating. And I think that's something
we talked about that right, Like, there didn't seem to
be a recognizable method of propulsion for these balloons last
(04:58):
time we talked about them, right And who what was
it North Carolina or South Carolina where they were just
trying to shoot it down?
Speaker 2 (05:05):
Nah, I don't know.
Speaker 4 (05:07):
Ok.
Speaker 3 (05:09):
Well, Also, those folks clearly did not know the range
of their firearms, because no, you're not going to hit it,
so okay, balloon boy says. Next point, standard scientific balloons
float between one hundred and five to one hundred and
thirty five thousand feet and they're at the size of
ten to sixty million cubic feet, so they're easily seen
(05:32):
from the ground. These balloons are about the size of
a football stadium and float. They even glow fifteen to
twenty minutes after sundown due to the curvature of the
earth UFO explanation, I think, right, that's really interesting.
Speaker 2 (05:48):
Right, let's just explain that briefly, Ben. The idea is
that the curvature of the Earth is such that even
when the sun appears to be completely set in the sky,
the angle of that sunlight can still reach up into
the atmosphere at those heights, so it will illuminate the
balloon as though it's still bright and shiny while everything
(06:10):
else appears dark.
Speaker 3 (06:11):
Yeah, perfectly, And think about it. You know, if you're
not an expert on these things, you're going to see
a UFO. You're gonna ask what is that massive floating
thing in the sky that is clearly not a balloon anyway.
Balloon Boy continues as for payload, depending on the size
(06:32):
of balloon, they can carry between one thousand to seventy
five hundred ish pounds of payload. The payloads that go
on hours range anywhere from atmospheric weather instruments, telescopes, and
balloon Boy here says they're looking up I promise nice
(06:52):
to solar radiation detectors to honestly anything the scientists can
stream up. Here's the kicker Boy says, I tell you
this as our season is going to start up in
July and continue through October, and I expect the sightings
to spike due to this year's events. I realize this
(07:14):
is a bit of a novel, but it's a complex
subject and for the questions, feel free to reach out
kind regards. Balloon boy, there is a season for spy balloons.
Are you kidding me? What the it's like? What's that
seafood rule where you can only eat some kinds of
seafood during months that end with certain letters? You know
(07:37):
what I'm talking about?
Speaker 5 (07:38):
Oh yeah, it's well it's oysters, I think specifically like
the certain I think it's I think it's yeah, what
is it? R?
Speaker 4 (07:46):
Right?
Speaker 6 (07:47):
Right?
Speaker 3 (07:47):
Yeah, yeah, you're right, months to end with so wait,
so our high altitude spy balloons like the oysters of
sky Oysters the sky oys.
Speaker 2 (07:57):
Okay, now now let me clarify. Only here is balloon
boys stating that these are spy balloons or you're like
like weather balloons, observation balloons.
Speaker 3 (08:11):
Well, the I believe what balloon Boy, who is writing
from expertise here, I believe what balloon Boy is saying
is that on their end. On the US side, these
are scientific balloons, right, They're gathering data, they're observational, they're monitoring.
Speaker 2 (08:32):
Isn't that what China said they were doing too? So
maybe the balloon boy is talking about spy bloon.
Speaker 3 (08:37):
Hey, you guys, give it back. It's like that scene
in Oh gosh, what was it the Sandlot? I think
where they throw the ball that the ball goes over
the fence and they have to go into the scary
guy's house, right a beast.
Speaker 4 (08:54):
Yeah.
Speaker 3 (08:55):
So what's interesting about this and the reason we want
to highlight this when is that it shows us there
is a predictability, right, there is a pattern. Now of course,
thinking about a high altitude balloon is that it is
inherently dual use technology. The payload is as bloom Boy said,
(09:17):
honestly anything the scientists can dream up or is mandated
to put on there. I think it's neat. I want
to fly our kite out here for this prediction and see.
You know, let's play these games. Let's see whether the
sightings of foreign made balloons, high altitude balloons start to
(09:39):
ramp up from July to October. We live in interesting times,
I imagine with that being said. Obviously, like we talked
about earlier, Obviously, these balloons going up in the sky,
the vast majority are made by very smart, very cool
(10:03):
dare I say, very optimistic groups of scientists around the
world who have coordinated their schedule such that they can,
you know, when they're playing above board. They can share
all their data together because human beings, even now in
twenty twenty three, have not totally figured out global weather patterns,
(10:25):
so these balloons are important. Of course, they lead to
crazy stories all the time, right all the way back
to the days of Project Mogul. But I got to
be honest, this just makes me want to get in
a blimp in indirigible so bad?
Speaker 4 (10:43):
How come?
Speaker 3 (10:44):
How come we haven't been in a blimp yet? Can
we go?
Speaker 4 (10:49):
Can you rent a blimp?
Speaker 6 (10:50):
That already sounds like a business right there? Doesn't rent
a blimp rental?
Speaker 2 (10:54):
I'm in let's go.
Speaker 4 (10:56):
Where do you tether them? Though?
Speaker 2 (10:58):
You know?
Speaker 6 (10:58):
Where do you park? Your blimp was like a limited?
Well you stayed for that.
Speaker 2 (11:02):
I'll tell you, Okay, yeah, I'll tell you. There was
a story that I can't believe I forgot to bring
up to you. Guys came out of CNN of all
places Monday May first, about allegedly a satellite image of
a quote high tech Chinese military blimp, and it was the.
Speaker 3 (11:23):
One rightest story. I got it from the air right.
Speaker 2 (11:25):
Yeah, but it doesn't I don't see a dang blimp
in that satellite imagery.
Speaker 4 (11:29):
I don't know. I see a white doe.
Speaker 3 (11:31):
You see a white like oval.
Speaker 2 (11:33):
It looks great. No, there's like a gray amorphous thing
that might just be a runway, and it's a bunch
of tarps. They said that are different colors because it's
uh what it's being worked on. I don't know whatever.
It was just a really weird story about a blimp
that got caught at a hangar, and they're like, oh man,
(11:53):
maybe this is the new tech that we've been missing.
Speaker 3 (11:57):
What I want to go in? An airship so bad, rigile,
you know you name it?
Speaker 6 (12:02):
Reach out to sound so much more dramatic, doesn't it.
Speaker 3 (12:05):
I love it. It's like saying spectacle instead of glasses spectacles,
I guess. So help us get in a blimp, folks,
or an airship of any sort. You know here in
the US they're not frequented by civilians. Unfortunately, airships powered
(12:26):
airships like a like a dirigible are relatively rare, I
want to say, but that might not be the case
for much longer. Anyway, folks, the reason we're bringing this up,
big big thanks to balloon Boy is the following through
the rest of this year, from July to October. Play
(12:49):
along at home with us. We would love your help
in measuring whether there is an actual uptick in high
altitude balloon sightings here in the US and across the world. Again,
in all fairness, the vast majority of these are not
(13:12):
weaponized surveillance. The vast majority are scientific surveillance, gathering meteorological
data and so on. We're not looking for those where
we're looking for the minority. You know, we're looking for
the cool ones, right. So we're gonna pausit there. We're
gonna have a word from our sponsor, and we'll be
(13:33):
back with more messages from you, and.
Speaker 2 (13:42):
We're back, guys. This isn't the voicemail that I told
you I'm gonna play. But I mentioned this person in
our previous strange news and they left a very short message.
I just wanted you guys to hear it before.
Speaker 4 (13:56):
We n is this cadet here We go.
Speaker 7 (14:01):
I use the them pronouns. You can call me Cadet.
I'm calling from Baltimore and I just wanted to say
that I loved y'all's episode with Illumination Global Unlimited. I'm
just blown away and I want more of that. Please
and thank you. I was gonna say something else, and
(14:22):
I can't remember, of course. Oh Athy. I just want
you guys to know, at the end of every podcast,
when you say say it with me std W, I
t K, I do it every single time. Okay, I
love you.
Speaker 6 (14:38):
I would you know what?
Speaker 4 (14:39):
We just got new digs right that.
Speaker 5 (14:42):
Our office is here in Atlanta, and I think some
more in person recording might be in our horizons.
Speaker 6 (14:47):
The way we can get back to doing the famous chant.
Speaker 2 (14:50):
I think we would all love that. Hopefully we can
thank you Cadet for sending that message to us and
for sending the message afterwards that said, oh, I forgot
to tell you can use my message. You can use
my message. Thanks for doing that.
Speaker 3 (15:03):
No to everybody, Yeah, please do, please do, please please do.
And also remember, whenever whenever you have something you want
to relate to our fellow listeners, if it needs to
go in depth, do send an email we read everyone
we get. That's the best place to send us links,
(15:25):
that's the best place to write everything out. But man, okay,
Illumination Global Unlimited, Matt, I assume you forwarded that compliment
to corporate right?
Speaker 2 (15:36):
Well, no, they got it before it hit my inbox.
Speaker 4 (15:38):
So god how.
Speaker 3 (15:43):
They always do?
Speaker 4 (15:44):
They can get us in a blimp?
Speaker 3 (15:46):
I bet you, I g you can get us in
a in a blimp? Yeah?
Speaker 2 (15:53):
All right, here we go. Here it comes. This message
comes to us from someone I'm calling flummoxed because I'm
I can't quite make out what the second F word
is in here. Afterwards, you guys tell me this is
from flummixed.
Speaker 8 (16:08):
Hey, guys, this is Flummoxed in FRONTNAC. I'm a big fan,
longtime listener. I've always wanted to call in and give
you guys something interesting to talk about. And something definitely
happened with my wife and I these last few days.
We decided to take a trip, an Airbnb getaway to
a hundred year old chalet on the Ottawa Quebec border
in Ontario, and a few strange things happened. Namely, we
(16:31):
somehow didn't realize that we are driving into one of
the worst ice storms in recent history, probably decades. People dead,
debris all over the roads, black ice, fog. It was
just thanks to silent hell and a blizzard mixed together.
But we managed to get there in one piece, and
a few weird things happened, the kind of the thrust
of the what I'm talking about. Whenever I went through
(16:52):
the door to check it out, the power was out,
and I also I later found out that my wristwatch,
my trusty fossil, had died the secon I went through
the door like on the dot. I know because I
just checked the time before I went inside. We later
went to check the time because it was a clock
on the wall, and we confirmed that the time was
exactly right with our phones. But a few minutes later
(17:14):
we realized that either the clock had never worked or
it died the second we checked it because it was
not tracking the time. It was just the perfect time
to check it. And then, to top it all off,
this temporal tizzy, we get home and the battery operated
clock on our wall has died at the exact same
time that the clock in the chalet had died. It
(17:34):
was just I don't understand it. It's all very creepy.
Of course it ought to be coincidental, but like that's
a bit much, isn't it. How does that happen? Also,
this place was definitely haunted. At one point I was
sneaking around in my underwear with a frying pan trying
to find an intruder. We definitely heard, but definitely was
not there. So I don't know what do you guys
(17:55):
think of this sort of the alignment of time falling
in or out of place? I don't know, do you
have any stories like that? It's I don't know what
to make of it anyway, cheers guys the show.
Speaker 5 (18:06):
So, yeah, it's it's it's a municipality in Quebec. Yeah,
it is a yeahl Granite Regional County municipality.
Speaker 3 (18:20):
And the temporal slip at first you have my attentions,
now you have my interests or how.
Speaker 4 (18:28):
Did that quote?
Speaker 3 (18:29):
Though? No, I don't think that's the right one. I
don't think that's the right one. But yes, this is
something that's super common, right, Matt, people have lost time
we did. I want to shout out again. I know
I'm a broken record here, but again, our fantastic exploration
in the by camera mind with our good friend or
(18:49):
writer or died Joe McCormick from Stuff to Blow Your Mind.
There's a moment in there in the very beginning where
in Joe walks us through through a thought experiment about
driving right and how driving becomes a kind of self hypnosis,
which is absolutely true, and it's it's kind of distressing
(19:12):
sometimes when we think through routine activities that we conduct
and how our brains sometimes just decide this doesn't need
to be on the books. We don't need receipts for
this one, right dude.
Speaker 2 (19:26):
If you want to go super deep in that, go
listen to the first season of Strange Arrivals. That's a
whole other podcast you can search for right now. They
go into the Betty and Barney Hills story and which
really centers around some lost time and then exploring in
various attempts getting back to that time that was lost
and figuring out figuring out what that happened. Really weird stuff.
Speaker 3 (19:50):
What's the most time you've ever lost?
Speaker 4 (19:52):
Have you?
Speaker 3 (19:52):
Have you, guys, ever had a slip a wrinkle in time?
Speaker 4 (19:57):
Good book, bad movie? No, not not like that.
Speaker 2 (20:02):
No, okay for me, it's when I have fevers. So
if I if my body is ever at a point
where it reaches above one hundred and one degrees fahrenheit,
then I will lose time, but it's usually just me
falling asleep at unintended times.
Speaker 5 (20:17):
Right, Yeah, I was gonna say, we definitely got an
email in the past from a listener who had about
of lost time while driving in the car and like
they looked up at the clock and like like there
was a gap and it was I can't remember the
exact details, but they I think they associated with seeing
(20:37):
an unusual visual phenomenon as well.
Speaker 2 (20:41):
You might have been sleeping accidentally who it was as that's.
Speaker 5 (20:46):
Sort of what we that is sort of what we
where we landed, I believe in that conversation, because yeah,
the hypnosis, just highway hypnosis.
Speaker 4 (20:54):
It can, especially at night.
Speaker 5 (20:55):
When you're already a little bit on the edge of sleepiness,
it can lull you into that and then you kind
of pop out of it and you're like, whoa.
Speaker 4 (21:01):
It really is kind of very jarring feeling.
Speaker 2 (21:03):
But Flummox is talking about something very different here. Yeah, yes,
we are smashing time weirdness with potential haunting, right, which
is well, I'm really digging this because really, we're talking
about tim portals. Huh huh, huh.
Speaker 3 (21:22):
I love a portmanteau. You're also playing with time whenever
you create a portmanteau, right, we're crunching the time together. Yeah,
you're absolutely correct, dude. I cannot agree more the idea
that there may have been not self hypnosis but some
(21:43):
sort of quardy and folding right right on one second
to the next. It's it's tricky because it also it
also brings up so many questions like flummox. We have
to ask you things about, for instance, the prevalence or
lack of prevalence of deja vu experiences. We have to
(22:07):
ask what other psychological variables may have come into play.
And honestly, as weird as it sounds, man, I kind
of want to know your HVAC situation because of infrasound.
Speaker 2 (22:20):
Oh at the current house or at the chalet? At
the chalet? Yeah, okay, yes, I know that's interesting, that
that's interesting, But the power was out right, So let's
recap really fast, one hundred year old chalet that they
enter during a massive ice storm. Okay, so energy, the
exterior energy is already intense, right, the way you feel
(22:44):
as a human moving through all of that energy and
through all of that chaos. It's creating feelings already of
maybe some dread, a little anxiety, stuff like that.
Speaker 3 (22:53):
Sure you're getting primed, you're.
Speaker 2 (22:55):
Getting primed, for sure, but there's also real physical energy
out there. Right, You're entering into this old place, and
the moment you enter, you look down in your wristwatch stops. Now, look,
just come on, let's just I don't believe it necessarily,
but let's just say in walking through that threshold, you're
(23:17):
entering a time bubble of some sort, right, because of
whatever factors are occurring externally, because of the day, because
of the exact time, there's some kind of confluence, as
you said, folding of time together. You're actually entering in
to a point when that llet was occupied at that
exact same time years and years and years ago, right,
(23:41):
and maybe it happened for them at that exact same
time too.
Speaker 4 (23:44):
Right.
Speaker 6 (23:46):
Fancy cabin, Like, who are you talking here?
Speaker 2 (23:49):
You know, that's a great question. I would call it
a cabin of some sort.
Speaker 5 (23:52):
I always associate it with skiing, you know, like a
Swiss ski chalet.
Speaker 3 (23:56):
You know you have to yeah, you gotta be careful
with those terms, you know, because the robber barons of
old in the US certainly had places they called cottages
up in New England, but they would not fit the
average person's definition of a cottage. The idea of stopping
time too, it reminds me of the old the old
(24:19):
story about the two school teachers who are visiting France
and they feel that they have slipped back in time.
Sometimes this is called fali adu. But I don't what
we're describing here. Flummix does not sound like you experienced
(24:40):
something hallucinatory, you know. It sounds like you're rationally introducing
us to the variables or talking through what you know
to be the facts. You know, this doesn't look this
happens the way more people than one might assume, you know.
(25:00):
Like Also, also one of the questions to ask is
when is the last time you checked your watch before
you walked in?
Speaker 4 (25:08):
Right?
Speaker 3 (25:09):
Like, do we know exactly did you watch the watch? Stop?
Who watches the wristwatch? Whatever? But the also adding to okay,
let's the HVAC situation is interesting, But then we would
have to know if the power is out. The only
way that infrasound would have been influencing. This is if
(25:30):
there were a separate generator, right, like diesel powered or
battery powered or something. Doesn't sound like that's the case.
But Matt flub mixed, Noel Michigan control everybody, all of
us in sa intern Steve, here's a question ice storm,
old place, old structure, you know what I mean? The
(25:51):
just the physical force can create the whispers, right and
create the sense of a presence and maybe create that
sweet spot of sound.
Speaker 5 (26:00):
I don't know, remember have you read pet Cemetery, Ben,
I've recently been going through, actually first time ever subscribed
to a Patreon for a Stephen King podcast called Just
King Things, Oh Talk.
Speaker 4 (26:13):
It's freaking great if you're into that.
Speaker 5 (26:15):
They're going through every single one of King's books in
publication order. And there's a line when Judd Crandall takes
Lewis Creed to the pet Cemetery for the first time
and he says, you know, if you if you hear
some of this sounds like whispers or laughter, it's just
the loons. I bet you they got some loons over
there in Canada too, right, don't they have loonies like
(26:37):
like bills that are that have loons on them that
are called that.
Speaker 4 (26:41):
I'm just saying, I'm not.
Speaker 5 (26:42):
I just it just made me think of that, the
idea of mistaking certain things for certain sounds, and you know,
being in some way mystical or whatever.
Speaker 4 (26:50):
And the loons are very eerie sounding. Shriek.
Speaker 2 (26:54):
Oh yeah, for sure, guys. I want to get back
just quickly to wristwatch stops. You're in the chalet. It
feels like it's haunted. It's weird. You notice the wall clock.
Oh wait, the wall clock is actually working because according
to my iPhone, it's the correct time. Oh wait, no,
it wasn't the correct time. We just looked at it
at the broken time. Somehow, we get home from the
(27:17):
chalet and the wall clock in our house is stopped
at the exact same time that the wall clock at
the chalet was stopped. Guys, that's why I said, some
kind of tem portal or you know, it's if you
enter that If you enter the chalet and time is
messed up, that's one thing, because it's the chalet, it's
a bubble there. But what if it's something with the
(27:39):
ice storm itself. As that energy moved through it caused
something to occur or I don't know if it could
be bigger, right, could be the storm related ice storm,
you storm, we all freeze in a time storm, is
what I'm saying. So you're on fire today.
Speaker 3 (27:58):
That fire, I'm digging it.
Speaker 4 (28:03):
I don't know.
Speaker 2 (28:03):
It's weird stuff. I want to hear more from anybody
out there who's experienced something like this. Please let us know.
We'll tell you how to contact us at the end,
But for right now, we're going to take a break. Here,
a word from our sponsor, and we'll be right back
with more listener mail.
Speaker 5 (28:25):
And we're back with one last piece of correspondence from you.
In this case, we're talking to you, Lucas very quick email,
posing two serious issues we need answers to. Lucas writes,
bank failures and the debt ceiling? What do we do
if more banks fail? What can we do if the
(28:45):
politicians don't figure out.
Speaker 4 (28:47):
The debt situation?
Speaker 5 (28:49):
I think this is something that's been top of mind
for all of us with the recent bank failures, you know,
specifically surrounding Silicon Valley type investments, you know, tech startup investments,
venture capital firms, and all of that was Silicon Valley bank.
And there was another one. The name is escaping me now.
But we also recently had a failure of another regional
(29:14):
bank called First Republic Bank. And this is a big
deal because I believe this is the second largest bank
failure in the history of this country. Their stock essentially
went down to zero. JP Morgan swept in and bought
(29:35):
them up, you know, propped up the deposits essentially, you know,
I believe invested like several billions of dollars or you know,
basically replaced some of the deposits that were you know,
removed when there was this run on the bank for
some of the very reasons that we're talking about, and
that is where a banking crisis comes from.
Speaker 6 (29:54):
It's the actions of people, you know.
Speaker 5 (29:56):
I mean, there's instability, there's problems with the market, the
there is a lack of trust, a lack of confidence
in the banking system, which causes an absolute kind of
situation of pandemonium where you start hearing tell that people
are pulling out their money, and then you go and
do the same thing, and then all of a sudden,
the banks don't have enough money to cover you know,
(30:18):
what they should be able to cover. And I want
to just read a quote from an AP article by
Ken Sweet. He does a really good job of laying
out the complexities of, you know, where a banking crisis
really comes from.
Speaker 4 (30:31):
But I thought a quote from.
Speaker 5 (30:32):
A banking expert by the name of Chris Caulfield with
West Monroe who's working with a lot of regional banks.
And let's make no mistake, we're talking at this point
specifically about regional banks, and he had this to say,
The underlying issue, particularly at these banks is their asset
and deposit mix isn't sustainable.
Speaker 6 (30:49):
Deposits keep running out the door or banks are having
to pay hefty prices for them.
Speaker 5 (30:55):
So basically they you know, what they have invested in
is is is not in line with the you know,
the money they that the others have, you know, in
the bank. So if there's a run on the bank
and everyone takes their money and runs, if they don't
have enough actual investments in other interests, you know, whether
it be property or what have you in their portfolio,
(31:18):
then they're screwed.
Speaker 3 (31:19):
Yeah, it's it's massively troubling. And Lucas sends us some
great correspondence all the time, so thank you man. This
is a conversation that occurs in multiple versions in a
lot of backrooms right now, probably as you're listening to
this nol One thing that's really interesting. You pointed out
(31:41):
First Republic became the second biggest bank failure on the
heels of the SVB collapse, which was that was going
to be the second biggest bank failure, right, Yeah, so
that was just not too long ago. I think we're
on the road in Texas, California or somewhere, and we
(32:03):
were we got some news about this. The question that
everybody has on their mind really is similar to your
question about diversification. So First Republic committed the same kind
of icarous sin that the SVB committed, which is their clients,
(32:25):
their customers were often well over the federally insured what's
that limited two hundred and fifty thousand dollars us. They
were well over the FDIC insurance limit, and they weren't
to your point, they weren't diversified. And First Republic also
doesn't seem as though it distributed its eggs in multiple baskets,
(32:48):
you know, like it's it's scary to think about because
so much of investment is sort of weaponized psychology, right,
It's confidences them only works so long as everyone agrees
it works. Like the painted lines on pavement on the interstate.
Speaker 2 (33:07):
It's weird to think about you, guys. I sorry, I
don't mean to jump in, ben Well, just speaking on
that limit, the FDIC limit for insured money deposits and
accounts right of two hundred and fifty thousand. So if
you're an individual like any of us or you listening,
you probably won't ever have to worry about your money
sitting in a bank if FDIC is still in place
(33:29):
and it still has enough money in those giant accounts
to help people out if there's a massive run on
major banks and major banks fail. If that holds up,
then we're good to go. If you have way more
money than that, then obviously you got to move that
money around to separate banking institutions so you never go
over that limit. Right, That's one thing you could do.
(33:52):
I was reading just today actually this morning, about making
sure just what you said, Noel, move your money into
separate investment accounts if you go over that two hundred
and fifty k limit. The weird thing is when you
get into companies, right, Because corporations, companies have operating costs
that are in the millions or hundreds of millions, or
(34:14):
even up to a billion dollars. You know, I don't
know how many companies have billion dollar operating budgets, but
some of them may, some of the massive ones. That's
when it's weird because what banking institutions do you hold
all that money in to actually pay out people on
an ongoing basis? How much money do you need in
a single account or dozen accounts in order to get
(34:37):
business done? And when stuff goes down with that major
banking institution, what do you do as a corporation to
make sure your money is safe? I think yeah, And
they're like, hey, well as far go to I give America,
I go, hey, here's thirty billion dollars, right, HOPUS helps?
Speaker 4 (34:55):
What up? JP?
Speaker 5 (34:57):
And you guys, I mean, like, you know, this is
the crisis that we're seeing is it seems to be
isolated to these smaller and medium sized regional banks. And
to your point, Matt, you know, with FDIC insurance two
hund fifty thousand dollars, you know that's that's a respectable
amount of money to have in the bank. Sure it
doesn't make you like mega rich though, So what are
(35:20):
the mega rich doing Are they pulling their money out?
Are they putting it in like off seas.
Speaker 6 (35:24):
Over Panama, dirigibles, Okay, they're putting all airships or maybe
a mattress firm.
Speaker 3 (35:31):
Yeah, Swiss moving to New Zealand. You know, maybe maybe
po boxes in the right in the right countries. Like
the more money you have, the easier it is to
accrue money, uh, and the easier it is to protect money. Right, Like,
there's there's definitely a feedback loop there in terms of
(35:52):
what those individuals might do. I pause it to you
guys that at the at the tippity top, we need
to stop thinking about these people as people in this function.
You need to think of them more as perpetual institutions.
Speaker 5 (36:08):
Right countries, you know what I mean, none to themselves,
because if they made a move like that, or if
there was a run on the bank from the super
rich like that, and that could really cause a serious
domino effect that could potentially crash larger banks.
Speaker 4 (36:22):
Right.
Speaker 3 (36:22):
And the more dangerous thing here is, Look, I know
this is going to ruffle some feathers, but what folks
need to understand, everybody needs to openly admit, is that
at the top of the financial hierarchy, right, the so
called point zero one or point zero zero one percenters
(36:43):
or whatever whatever you want to call them. Those folks
have some pretty communistic views in some ways. They definitely
want to own the means of production, if you get
what I'm saying. So, how when you talk about when
an average person just you know, talks about two hundred
and fifty thousand dollars, you don't own the presses that
(37:06):
create that money, right, you don't get to call the
FED and talk turkey about interest rates. These people can
touch those institutions, they can influence it. I'm just saying, like,
why is there Why is bankruptcy absolutely terrible and an
existential threat for the average person, But for a billionaire, Yeah,
(37:30):
for a billionaire, it's like, oh, I had an interesting Thursday,
you know what I mean? Like this, I just I
think the game is rigged, man. I think it's weird
that these I think it's weird that the cooperative confidence
in these institutions has given them so much power. But also,
(37:54):
Noel Matt, I don't I don't know about you guys.
I don't know what a more feasible coaches. I don't
know what the alternative is. And also it's a house
of cards, though if one collapses like it's, you've got
to cauterize the wound or else the rest of it
can go to It's true, tell me good news.
Speaker 2 (38:12):
Do what uh, friend of the show David Carr Weber
Chappelle does, Just buy up most of the land in
your small town in Ohio if you're if you're a
dirigible having or potentially having person, just buy up the
land because if you if you've paid for that land
and you've got the deeds, then you've got that money
(38:34):
and no bank is going to take it from you.
Speaker 4 (38:36):
I don't know.
Speaker 2 (38:37):
That's pretty smart people are I guess some people are
upset with him for doing this, but smart move.
Speaker 3 (38:44):
Who's upset?
Speaker 2 (38:45):
Yellow? What is the name of that town? Oh, I'm sorry,
I don't know the name. It's it's Ohio Yellow Springs.
Speaker 3 (38:51):
Okay, okay, you know, I guess we should say that
dirigibles jokes aside, might not be the app slew best
place to put your money. But one of the biggest
questions that I think Lucas is getting at here, no
is the idea of which institution is to be trusted?
(39:12):
You know, like like during the pandemic uh and several
years before, a lot of very well to do people
were buy land in New Zealand because New Zealand is
a top notch place to be when the world burns down.
But but where can people like, even if you don't
agree with money, with the concept of money, which is
(39:35):
a religion, you have to participate in it, right, we
have to. We have to live in this church to
some degree to survive. So where could people safely put
their assets if they can't use the riguals?
Speaker 5 (39:51):
Yeah, I'm gonna I'm gonna put out mattresses again, just
you know, the old trustee. Perhaps the safe of some
sort might be a little more dependable.
Speaker 2 (39:59):
But you know, ammunition and MREs.
Speaker 4 (40:02):
It's all freaky stuff, y'all.
Speaker 5 (40:04):
I think you know we're as we're discussing this, I
think we were all kind of frantically googling stuff relating
to maybe our own finances and stuff.
Speaker 4 (40:14):
I mean, what can you do?
Speaker 5 (40:15):
Is there anything that the average person can do to
protect themselves from this kind of stuff?
Speaker 2 (40:20):
Yes, slowly whenever you can take out twenty dollars from
your bank account when you saved up. It's not easy
but do it. Take out twenty dollars, Take that twenty dollars,
hide it somewhere, and then make a stack. Once you
have a stack, turn that into something seriously useful that
can help you in the future.
Speaker 3 (40:41):
Whatever it is, a tangible asset of some sort, right,
because remember the coupon system works very well for some people,
but you cannot actually eat those coupons. So the big
move is to, i mean a reasonable non paranoid move
is to every time you make a purchase, if you're
(41:02):
at a place that offers you cash back without a fee,
do what Matt said, take the you know, like a
small can if you can, if it's possible, and you know,
stack your ducats and then start thinking in terms of
the life that you would live if you were the
(41:22):
only person around with no support system.
Speaker 2 (41:25):
Start there's no power maybe and water is not potable
out of the time.
Speaker 3 (41:31):
Oh god, yeah, life straws can't stay upside Oh we're
going too far.
Speaker 5 (41:36):
And last thing, guys, you know, as as a as
a homeowner, you know what happens if there's a banking collapse,
and then are they going to come for your homes?
You know what happens to the secure, you know, like
to the bank that maybe holds your mortgage, you know,
like a Wells Fargo or a you know, for example,
(41:56):
Raymond James or whatever it might be.
Speaker 3 (41:59):
Well, Raymond, everything's fine.
Speaker 4 (42:01):
What about James?
Speaker 2 (42:02):
Did you guys know that I have hung out with
never mind, I have some connections to those actual human
beings and Haank Harris the third club, certain.
Speaker 5 (42:14):
Club in the country, I hear, yeah, no, But in
all seriousness, I mean, like, you know, a big one
of the largest expenses for any human being is either
a rent or a mortgage. So if there were some
like you know, just global banking, like fight club level
banking collapse, what happens then? Are they going to come
and try to cash in their assets, you know, being
(42:38):
the remainder of whatever you owe by taking your home?
Like how does that work? You know, if you can
no longer afford to pay because your money has evaporated
along with everyone else's money.
Speaker 3 (42:49):
It depends on the amount of people. Honestly, it's a
numbers game. If if here's the thing, if a hundred
people default on their mortgage, right, if one hundred people
get their home for closed, then the United States says
that's their problem. If one hundred million people at the
(43:12):
same time get their homes foreclosed, then now it's the
US's problem. So it's a scale, right, it's a cost
benefit analysis. It is quite Machabelian, it's quite brutal, it's
quite cold, and as an individual, we must remember to
focus on the things that we ourselves can directly control. Yes,
(43:34):
that's the power you have. So like in the situation
talking about the homeowner doesn't mess up at all, right,
the bank messes up, or maybe there's some ill wind abroad,
right even to the point of like weaponized like financial warfare,
which is definitely happening, right, that's what sanctions are all about.
(43:55):
In that case, there usually is going to be actually,
post two thousand and eight, there's usually going to be
some kind of legal redress that you can make and say, hey,
it's not me, it's this bank. I did the right thing.
And that's where you'll have something like a JP Morgan
(44:15):
or other large financial entities scoop in and say, don't worry,
everything's fine, keep driving between the lines and just keep
paying your mortgage on time, and we'll take care of
all the stuff backstage. But the scary point about this
is that that only works up to a certain threshold.
So if we're talking about the threshold where the whole,
(44:38):
where the whole casino closes, that's a very different story.
Speaker 4 (44:42):
I don't know.
Speaker 3 (44:43):
I don't want to get to apocalyptic. You know, it's
a nice day outside. We're heading into the weekend.
Speaker 5 (44:48):
Indeed, so maybe put a pin in this one for
today and stop doom scrolling because.
Speaker 3 (44:57):
We were just we were like doom scrolling three heads.
I'm watching our faces as we're listening to each other
about this, and I think we're all trying, like you said, no,
we're all trying to frantically figure out what this solution
would be in the worst case scenario. We want to
hear your advice. We want to hear your ideas, folks.
Thanks to Lucas, thanks to Cadet, thanks to Flummix, thanks
(45:20):
to balloon Boy, thanks to everybody who has taken the
time to join the show and be a part of
stuff they don't want you to know. If you want
to take a page out of their book, we have
tons of ways to contact us, as long as the
lights are on before we get black bagged. You can
find us online.
Speaker 5 (45:38):
Boy, can you ever we're conspiracy stuff on Twitter, YouTube
and Facebook where we have our Facebook group. Here's where
it gets crazy getting on the conversation there in real time.
We are a conspiracy stuff show. However, on Instagram and TikTok.
Speaker 2 (45:53):
I hope everybody has seen that sperm donor video that
we made. Yeah boy, so good guys, it's very well exeqs.
Speaker 5 (46:03):
Our amazing cinematographer really knocked out of the park and
that was a full collaboration with the four of us.
Speaker 4 (46:10):
Super super fun to do. We hope you guys are
enjoying that content.
Speaker 2 (46:14):
And the next one spoiler if it hasn't come out yet,
this is a little taste. It has something to do
with bad Boys. Bad Boy, It's so funny. I just
watched it again. It was so freaking funny. Okay again,
follow us, Instagram, TikTok, YouTube, all the places making some
in my opinion, hilarious stuff online.
Speaker 3 (46:35):
And if you don't play the dopamine casino, if you're
a little more old school you like a quiet storm,
you can always give us a call directly, just like
Flummox did. The number is see it with us todet
one eight three three, std WYTK you'll hear a voice,
we'll hear a beep like so peep. You'll have three minutes.
(46:56):
They're yours. Go nuts, get weird with it. Give yourself
that street or nickname you always wanted, tell us what's
on your mind. Let us know if we can use
your name and or message on the air. And most importantly,
if you have a story to share with our fellow
listeners that takes more than three minutes, has links, has photographs,
stuff you want us to look at. Matt and Nole
(47:19):
our tremendous video and audio experts. They can give you
a keen eyed ear on things that might need some scrutiny.
The best way to get that to us is through
a good old fashioned email. Just drop us a line
where we.
Speaker 2 (47:34):
Are conspiracy at iHeartRadio dot com. Stuff they don't want
(47:57):
you to know is a production of iHeartRadio. For more
podcasts from iHeartRadio, visit the iHeartRadio app, Apple Podcasts, or
wherever you listen to your favorite shows.