« Stuff You Should Know

How Online Gambling Works

2015-01-08 | 🔗

Pretty much immediately after the Internet was opened to the world online gambling sites sprang up. Over the last couple decades, U.S. law and online gambling have had an unusual and complicated relationship. Learn the ins and outs of this grey area.

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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
This podcast dynamically inserts audio advertisements of varying lengths for each download. As a result, the transcription time indexes may be inaccurate.
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I may not really are you ever? I would lose too much money, but you like Look you see, I am sure I will you like yeah I've gamble before I realize pretty quickly that I'm a terrible gambler now gamma, inadequate or anything like that, just like I'd, never win so losing money fun. No, it isn't. I enjoy out, don't like Vegas at all. As you know, but when I've had to go there, I do enjoy little gaming, but always just I'm very disciplined, set aside a certain amount of money. Where am, I ran, I'm basically like paying to have a good time gambling. If I lose at all, then that's work as it has enjoyed. Why enjoy it and I did a little sports gambling one point my life and I gotta get out of a sort of a tight squeeze. What's that, then I was like not doing that again. Did you ever thumbs broken or something now
just owed a lot of money going into NFL sunday- and I was like I can't afford this, so I did something really stupid. I made so the kidney to bets equal to that large amount of money while one both and broke even those like a more go out. There was good that you weren't, like ok, I'm on a separate item, and I will keep ago in that scared me straight. You know for this episode. I did a little online gambling. Let you try it out for free nobody ever ass, nice ass down five hundred bucks and like before minutes what one is that, when it's fun money than like, not real money, it's easy to better light I was just spreading, like the normal amount arrives, the roulette, call the greedy goblin, although you can now fast, I was I was it bother. You have you heard. Above all, there is the first one that came when I put it I'm cambaluc, but is the classic site? Classy simulator
the sea, no pretty waitresses. I mean there are pictures of people. Yes, you know, no one was actually moving except the three d goblins. They try to stimulate a casino as much as possible right. A little bit like the background of the website was like felt like that, but now it seemed to be one of the nicer ones. You could tell her the programmers like really opposing the thought into, but the the young, the roulette or not the relate the slot. I was playing tennis. They relate for failure. You points like those playing slot called greedy goblins and it was nice like in my eyes I lost very quickly sounds like forget this glad I'm not a addicted to our mind. Gambling has. That would be really rough, I'm sure it! Actually. I mean they say. The online gambling is even possibly more addictive than regular gambling just because of its ubiquity air. He's of accessibility like not only her you get on the computer home now, the big
pushes mobile yeah, so you can gamble anytime anywhere and if you have a problem in big trouble here that super super dangerous for some folks yeah, you can gamble in your warm advance in your shirt off for your city, jogger opinions think some casinos invade He could do that. Rightly. Maybe I like the golden alligator one of the old ones here. Don't ever there like. Just just give us your money, Policia were hurt, and so or in all of Atlantic City sure. So you wanna talk about it story of online gambling. You know it hasn't been around forever. No man has a gambling. One of the oldest pastimes, but online gambling is comparatively new
in the mid? Ninety nine is an anti guy and Barbuda. They passed the lock of the free trade and processing ACT, which basically pave the way for some of these smaller Caribbean Island nations to get into the gambling business loafer that nation specifically here to get into the online gaming business right, the civically they created. In air, their own ability to create licences for handling casino here, so they became the haven for online casinos, pretty good idea. It is an especially considering that it was no such thing as online. I ain't those yet like that. Some foresight right there Yeah. Around the same time, a company called micro gaming started the first kind of workable software for online gaming in that came long at just the right time and Canada. They started opening up some online casinos and basically all over the world. They started popping up, I think, by nineteen
Seven, there were more than two hundred online casinos and revenues in the late nineteenth of up to eight hundred and thirty million a year, which is chump change now sure. But back then you know you'll notice. We did not mention the United States because it was there's a lot of legality issues. Up to today, you have my game virtually out of the gate. The United States like note that illegal completely ignored like that forty plus states have state lotteries cheer. You can't gamble online Actually I read an article where Antigua sued or filed a complaint against the United States with the World Trade Organization. The deputy o sided with Antigua, I really and they, in an like a hundred and twenty million dollars worth of freedom to distribute american intellect
poverty without paying any royalties mile, because America closed down its its population right to Antigua online Casinos right in Antigua said you guys are violating treaties. We have interesting and the deputy you actually sided with an levied sanctions against the. U S: side with Anti were levy taxes, guess you us, which is mine, bought yeah. The prizes are having a year in the early two. Thousands you could all of a sudden thanks to companies that fair wage, the wager peer to peer. That's on sports allotted this early stuff was a sports. During an then online poker, of course, in the late nineteenth really started to catch on the late nineteenth and early two thousands company called poker spot and part party, poker and poker stars, and now I've silly names
but they really hit out at big when they are allowed you to qualify online for these real world series of poker tournaments bright and one guy Chris Moneymaker actually won the world series of poker and two thousand three after having qualified online and then everyone is like wow. That's big deal cause. I think he ended up having to pay and like forty bucks to qualify for the World series of Poker yeah and he didn't have to travel to Vegas sin in our Atlantic City or wherever as you can get a gamble. Yeah that's the way it was going to and everybody was really alpine poker, specially party poker importer stars and down the. U S ended up cracking down on it, which will talk about a little more detail coming up soon,
let's talk about just online gambling and how its different, because it seems rather there's some pretty obvious distinctions sure like one give to travel to Atlantic City or LAS Vegas or your local indian reservation here and sit there in an gamble in person. That's I mean you might say what, Obviously, if you're gambling on line, you can do it on this- that there is a big difference, is only a lot of new answers in between those two, their obvious difference between them. Sure one of them is, you can play a lot faster without all the chit chat and other decision making of the little lady. Next year the blackjack there yeah and I wrote an article or with a guy named John Googly, honour Garigliano, I mean he's a new jersey, professional poker player of John the gigs uglier. I think it was like a goose thirty three years gags. Thirty three somethin like that seriously anyway,
here he plays up two thousand hands an hour. He plays the white blackjack of no poker he's a pro poker player. He plays maybe a hundred hundred hands an hour per table any place up to about ten tables at a time that say so, how do we play in more than one? Oh yeah? he's playing like a thousand hands an hour home. Any real life. You can play. Maybe twenty five tops, if he's really working in a lot of it is the chair, the dealer azure. This is you know, and not being able to physically play ten hands at a time thus, the experience I enjoy about gambling is being at the table and chatting and having a couple of Nina Free, scotches right. It's like a good social fund, social like a crap, stable lot of fun. Ok to stand around so, yes, I think that it makes eggs, thirty, three, a professional poker. Isn't it for the money? Oh yeah. He doesn't care about all that stuff and probably the wind to sell yet
quicker, you can win and lose money at the drop of a hat. He said they try to address it up and make it look and feel like a real casino other than that, though, it's it's a lot of the same game, like pretty much any game. You complain a real casino. You can find online right from like lotteries and the keynote of roulette and all that stuff. You're bravado had more than a hundred and fifty different games really why a lot more sites, but they did have all the regular stuff too in terms of different poker and then, like you, said, sports betting and others, section of sports betting, entertainment bedding. You I like you, can bet on the outcome of the two thousand. Sixteen presidential election, Oscars, apparently spelling bees. Yeah sure, revealing contest reality tv here we're taking care because reality, tv is not actually like. Unscriptural yeah, like you, could easily enough from producer. What happened on a show that was shot fired?
before you didn't like it is why in our who's, gonna get the rose or what I well. I benningham. I think those episodes are alive allotted time still, gotta be the american idol finale or the survivor finale allotted to urban other, but I'll. Just assume, authors are extraordinarily rigged. One way or another in their limits are connected. Well enough could find out makes some big money, which I would guess that the people are you the Booker's now the bookies bookies, yet they they would know well enough to stay away from that kind of stuff because it could be red fire. I just never wrong. Sir. Are you being facetious course? Sports is right?
I'm really there. You can me like what and we're not arguing as Vicki works boxing fight. No boxing is notoriously historically fraught with pictures taking dies. Ok, I thought you might like Monday night football or something like that now mean NFL is a pretty good track record, but their most of the pro sports have had one major bedding throwing game scandal in their at some point. I don't think it happens all the time, but am yeah like the blacks OX was baseball and movie eight men out here and now think gum
earlier about everyone's awhile like it and see doubly basketball team or come out years later. We through all those games- oh yeah, I didn't know who was it that play pillaging king? The man who play Billy drinking Bobby rigs know who were like. I was it. I guess, my dear very famous man, men's tennis player is Bobby Rags, it wasn't by rigs anyway. He came out within the last couple years and said that he threw the match. L please, which is kind of like, was it wasn't Jimmy Carter? Maybe I was Jimmy Carter, say, face yeah but like decades later here, which is weird death bed, the saving face, I think, he's still walking around so arm or gonna. Talk more about our mind, gambling in gaming, in the distinction between the two ready for that
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Go anywhere are its image and that you played you tried it out for fun. Yasser Arafat is research year. That is one way, though, that they can get you a hook. You now is to say that you have to pay any money Did? You have to do anything to get the sign up now know, there's a vision where you can download the casino software again like a really bad idea to me here likes you, do you want to download them suffer from a russian site? Now I dont play it for free my web browser weekend. What I did was a really Russians offer now this is latvian plenty of russian russian casinos out there
some of the other differences, though, besides being able to play for fine and get you hook? Is they will offer different odds, a lot of times sports wise? Then you can get in a real casino, so the grants to says that this is it Oh I'm sorry, you're, saying that they, the odds, are better down to saying different. Like sport. Sides can be different right, usually there better for you, because the overheads lower right, I guess I'll- have to pay as much money. Exactly then. I have to give out the free scotches because nobody to physically sit there and drink this
by your own scotch your home at home, as you can get different odds and then a lot of times. The games themselves will have different kinds of pay out that you can getting casinos, but you are also going to have to pay the vague as they call it in order to get your money- and this is a whole different- they may have to talk about at some point. You but you're gonna be paying percentages like ten fifteen percent, sometimes just to get your mind, and that's not the same as in Vegas. No, it's definitely not one of the reasons why you you have to pay their debts on top of the vague, like you said right, that's just basically area. That's like ok here give us our house money, yeah deferred, letting you play and then the here's, your transaction, and then here, but that's when you're trying to withdraw from your online account the rain that they do this and that the rates or so steep is big.
They know that you're, an american player and you're not supposed to be playing technically. That is correct. Historically, that has been very difficult to prosecute because you're in your house- a casino in Amsterdam online. So what are they gonna do unless they ve there like spying on people Actually, what are they? Gonna do go after the operators of these some gaming sites that are located overseas. Actually, yes, that's exactly they did this article. I cried. I hear the hurricane hast of works is written before black Friday says it almost, even though the grabs article its naive because it was before this black Friday happened on September twentieth two thousand eleven, where the feds. Basically did the top three men, some other ones, but definitely the top three online poker sites and shutting down here poker stars full tilt poker in absolute poker. And apparently there are a bunch of some say kinky.
Agents and arrest will again they used Interpol, the go a rest, the people in other countries here for breaking? U S, law and sentences. Usa is get yeah a lotta. U S. Lawmakers had big problem so that, even though the attached a bunch of other charges like money laundering and fraud, Were you know, I'm sure there are some legit illegalities as well read but yeah. I was pretty interesting sitting operation civilly So so there's a thing called the wire Wager ACT, I believe from nineteen sixty one year and it said you can't use any kind of fun communications device. Basically in the Eu S forbidding yeah and am courts interpreted in various ways as the internet came along and some court some course decided. I gathered this includes the internet other court, you like. This is to all than to vague to really include
internet, so the feds or kind of like make noises about making prosecutions and stuff based on this and when they kept running up against the fact that it was too old, they came up with a new law. In two thousand six: the unlawful internet gaming enforcement act, and this one had teeth. Yeah. The reason this, when I teeth causing go after the online gambling people. It went after the third party processors. Came across answers here and what good is gambling? If you can't get your money right when you're finished solve a sudden visa pay pal, all the banks are like wait. We can be prosecuted for processing this payment near so we're not gonna. Do it, which left these mine gambling sites. Basically, this completely wiped out Americans exactly you're, just like you said no, Who wants to gamble online, wants to do it for nothing ran the whole point in ours too
when some money Riah, so there was two thousand six: that's wind, like party poker and poker stars and all those guys either shut down or they moved oversee set us rashly american companies yeah, but they moved like the Isle of Man moved Ireland, and there is one in Costa Rica, full tilt. Yapping was in Costa Rica, and so the feds we're like. Ok, we we did our job everything's cool in these guys figured out loophole framework, and so that in two thousand and eleven, when they rated on black Friday you're, the guy who action Ended up in real trouble. Was this dude who served as the payment processor for the three biggest online poker sites in the world today
gambler, not the casino there was a guy who, in it wasn't accompany. It was a guy here and the reason he got troubles because he started. He made all these phony businesses up, get banks to process payments, so the bank's wouldn't think that they were doing any kind of illegal activities, money laundering right, so he he launder money. So he did in big trouble and so did the three. The top three sites. In till that same year, all of a sudden, the this crazy war on online gambling with totally reversed by the Obama administration. Then the Obama administration is that, like this? Is the Bush administration like aggressively prosecuting people for it right? This was. Bomb administration. Then, all of a sudden, the Department of Justice came up with a new opinion and said you know what we I think the wire Wager ACT applies to this anymore and we don't think that people should be prosecuted.
For online gambling. If the states allow it yeah anything Let me if I'm wrong wasn't one of the big reasons behind this like we need to start regulating this fast there and get out in front of it, or else it's gonna be a huge mass. Yes, it's gonna be huge. Mess can be huge boon fur arm for the states yet for taxation and grab instrumental in this article that people attended gravitate towards sites that had like I'd, die, Nl Domain or adopt a you die. And because I knew that Australia and the Netherlands heavily regulate this kind of stuff right. There are legit, and so I'm lying casinos that operate out of those countries have to toe the line, which means that if you win you're gonna get paid right. They provided a model that like yes, if this is legal in regulated, people will come to it and you can actually manage it pretty well. Yeah, The words I don't have to set up an offshore bank account yeah,
send money orders to some shady third party internet site. Tackling it may or may not tell you exactly I actually last year, I was the commissioner and my Fantasy Football league and we author in twenty bucks. It's no big deal. Twelve other seen outbreak just to make it more interesting at the end of the year when the Mai and am, I said, just pay me to Paypal and a few people said you know when you gotta make the payment it's like writing ejaculate. What is for you're like Vanity Football payment and paper flagged in wooden allowed through, and I didn't even know at the time that was against allows like really inside you know, had them either send me money to say don't, but what it's for Dr Grant, her woodworking has appeared. The bureau anything but Fantaisie verbal. Yet apparently that made me, I guess it's illegal bookie, yet it could again you Enrico probably
nice, so we're gonna, we're gonna talk about legal online gambling and all that kind of stuff writer hey everybody. I want to talk to you about your website that doesn't look good and this hard to program, because, where space does it better yeah, they do square space Is this amazing magical tool that you can just basically good people and all of a sudden. You have a website to do whatever you want with you can use it to sell stuff. You can use it to tell your world about all the great thoughts you have and now Skurse based also offers email campaign, so you can take Business embryo low it up here we square space herself are very popular as well as K. Live website keeps track of all comings and goings on Oliver alive shows, and it's always a Jew. Way to go in there and update the squares basic causes so easy, and it always look so great and it makes me feel smarter than I am
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We federally illegal, it's weird when this country- it's always amazes me like this- the illegal United States but sleep on the state. If they say it's, ok, sports sports betting is still very much illegal. I mind sports betting. There, the Justice Department said it very clear that this war was originally written. This law that we ve been aggressively prosecuting for for forty years, fifty years,
was actually really just pertain to sports betting because its chance is it correct that? Why that's not necessarily? Why? Because like roulette his chance- and you can do that now in some states? So it's it's strictly, because the law said sports. Ok, it was written in law, but fantasy football. Now, one of the big new trends are these day play sites yeah profanity football? Why did you come? One is called draft kings, but there's a name for the whole thing is not fancy for both for its gum league draft or something like that Africa Daily fantasies, It's ok in this article Muslim, where generic and I was thinking yeah, but there's one called draft kings and there's another one, and I hear these Alla time on sports radio, the ads forum,
fan dual that calm, your right, where you can draft a team in a day and have your team play that weakens football games and then catch out that weekend as well? And so it's not. The same thing is like just your ESPN fancy for Polly words, justices among thing for fine bread or maybe a little bit of money terminal, visas weekly, depending on sport. It could be daily exactly in all the sports like they allow that, though, because I don't think that's considered skill somehow so fantasy football is currently considered skill and is allowed, I believe, which is hysterical. This daily fantasy thing is apparently considered a little more gambling. I guess you know it's it's in a little more of a grey area, even though it is a kind of currently ignoring it by all the articles. For some reason, Forbes is like really really
I notice that online gambling and have been doing a lot of coverage of it over the year and so from reading these Forbes articles the way that they track anything is where the money is going and they talked about how these daily fantasy for like fan, dual are attracting like, funds of venture capital right now, our it just tens of millions of dollars being thrown at these tiny little start. Ups, that Allow you to do like daily or weekly fantasy sports dress and that that suggests that everybody on the Street Wall Street thinks that there's going to be either
Federal law that allows it here or this federal ruling from today's eleven two dozen twelve that says it's called the sleeve up, the state is going to lead to basically state across the country state laws that regulating allow this kind of stuff. So it seems to be if you follow the money, the tightest turn An online gambling is can be words that yeah I mean right now. You said grey area earlier, there's a lot, a grey area all over the country in all the states, because, like you said some states like which play the lottery, some states will let you go to a low tb bet on resources or about own resources at home online. Some, but you bet on reality tv online in some doubt some there are now three states, a thinker, Delaware, New Jersey, Nevada, right there.
Have full fledged online poker online gambling and I think Nevadas actually running out of Nevada right, so Nevada, As far as I know, hilariously only offers online poker, ok They don't have a lottery either. Did you know her hair? They pray only one. I guess not, but it's probably whereby what but you can always need more money, You know, as I do see, a few Nevada you like giving more money here, be they don't have it. So I think that your right, though, the Nevada has opened up playing to people outside of their state outside the country yeah, but a richly there are only allowing people innovative play right, but I think is the website owned and run in that state as well. It's not like an out of the country deal yes, yes
the recent year and that's the way new Jerseys is too so there's a whole secondary arm. Industry. That's grown up around state sanctioned online gambling, which is geolocation services, yes tracks, where you, the computer user. Or online gambler are located to their watching, and if there was anything your computer comes up as outside of the state of New Jersey, you'll be blocked from playing. If you come up as inside of New Jersey, you can play New Jersey, which has a complete suite of online gambling available, and they would, I guess Chris Christie said there. It was gonna, be a billion dollar industry. In its first year, there's gonna be a billion dollars in tax revenue in it came to be like a tenth of that. So it's not quite
some, if not kidding, I'm like wildfire like tat, but supposedly the casinos that are still standing in Atlantic City are still standing, because those are the ones that went to the trouble setting up online gambling sites, while that brings I still get point. There are a lot of bricks and mortar casino owners. Notably what's his name shall in Sheldon out Edelson in Steve Wind. Yet those are some of the biggest fat cats no owners in Vegas and, of course they feel threatened, even if they think Alison's big Quote- was click your mouse lose, house and he say we're gonna lose half million jobs and people going to stop coming the casinos. I'm sure there also getting into the online casino game if there were smart, I'm sure they are. But it raises a good point, though, like.
They guessed it used to be the vaguest made all their money on gambling and you could go and stay in a room for ten bucks and eat for two dollars. But it's not the same anymore in Vegas is at a destination family vacation spot right with all kinds of revenues come in and you need people there to bring those revenues and to see the shows in to take your kid to the Stupid Indoor Amusement park in the Bible. Now, not so cheap food. But but that raises the question, then: do you even need the gambling? you have all its other stuff to attract people like do you need the casino and even if you do need the casino, if you have you like the roller coaster, indoor like amusement park nice, if they you taking the kids to look like
long as you're not losing money by having a casino open. It doesn't seem like online gambling would detract from that yeah a suitor mean those casinos and ever lose money. You can run our city, they do really. Oh man, even Donald Trump can't make money in Atlantic City. Well, that's probably just from my overhead and low attendance there. Now rightly I mean the house's always winning. Oh, I see what you mean. You know I mean bright red, but unless there, unless they only Tina exactly where we get a great of certain casinos. There was a girl that you should look into every have one eye and diction too, which is why we are not setting too much upon gambling addiction yeah, I mean there's different effort when I was researching. This is our different things. Obviously it seems like it would make it super easy to get addicted for all my gambling, but there was this wine Harvard Medical a study of forty thousand people that they said. The overwhelming majority of Alma gamblers paint a very moderate manner, spinning
all amounts. I don't know how accurate that is there. There was them that site like misuse. The pastor fees and stuff like that has as the credibility that little bit out the window, because we're grammar yeah it's well or maybe it's like any other kind of gambling. If you're a moderate gambler than you probably stay that way. But if you have a problem with it, it's certainly and make it easier to throw able to do so. And if you know it's not money, cashed, money funny, release in Vegas, that's why they use one reason: they use gypsies that can attract your brain little bit right to make money more abstract here, but there's nothing more abstract than signing your bank account to something right. Mining clicking the because the little wheel on greedy goblins is like mesmerizing as well as also Small too, so I mean you see the slot going, but the amount that you have in the bank, is not that big in it it. It doesn't seem like its linked through money. Am I
There wasn't linked to any real measure, but I could see very easily high. It just seems like a part of a game like a computer game, yeah and apparently there's a whole thing called slots for tat boy witches. If you are against online gambling, the stuff, tragic crazy. It's it's basically like Disney versions of casino games for little kids like apps, and things like that. Where there's no gambling going on, there is basically like like Joe Camel yeah. It's like prepare for your adulthood as a gambler or a smoker or whatever bright, make it cartooning fund exactly or Mcdonald's consumer. Something like that I would be worried like an online casino. You can find if you want, but it seems like it would be really really easy, because the cards on in front of you to cheat the player every time, we're ok, that's another thing to that. The grab some points out. So, if you're an American,
right now it still as kind of a grey area, especially if you're stated allow online gambling so you're still a potential target for shady online gambling sites there. So one of the things they conduce cheat you out of art is why, if you play an australian site, you can feel comfortable that the austrian government has vetted this computer program right and found that the odds are there. It's the real deal like if you're plain black jack, that is fifty two car deck and every card is in their right, even those
you're right, that's! What I would worry about is, if you start winning too much they be like. I was too said: the sky lose. The next tangley was put the governor on this thing, not the governor of Australia, causeth he's called the Prime minister, and you know if he listened the casinos by gas Vegas used to be fraught with the rigged games as well, so on it's. The same thing is to stir the wild West right now, it's worse online version, so so groups who gives a couple of piece of advice one he said, especially when you try a new one and you're using a payment processor in that Canada, he said Open offers an account with a small amount of money and usually Gunther tenacity out to see. If it works, put a little in guy now, try to get it back out yet and if everything seems legitimate, then you can search air more money. If that's what you want to do, he also said that you were no matter how much trust you have for this.
Company, you gonna, get your money out very regularly infrequently sure that under your door They go under, they get rated whatever. Here you just want your money, and again we should say this is illegal. Although in some weird way still in the United States, so the feds could conceivably come along and take your mom yeah and you also signing up for terms of service, so you their age requirements in them. If you fraudulently sign up for something, is an under age gambler than your Britain LAW there yet and there are recommended there's one more thing I want to talk about so when the feds in two thousand eleven raided those top three poker sites yet and then, in the same year, the Department of Justice issued that thirteen page memo. That said, I think we ve been misread. This year, those sites there were raided, the Department of Justice broker.
Deal where one of the sites that was rated bought the assets of rival. That was also rated with the Department of Justice taking the money and then distributing the assets to the other illegal gambling operation. Served as the middle man for a merger. I would just the thing they get a significant part of the big. Yet in that crazy, the Department of Justice is brokering a deal between online gambling outfits, unbelievable me so That's it that's! On line game! I, if you I know more about it. I suggest you go look it up on Forbes. They have a ton of articles. I but first go to house the forts that farm and type in our mind gambling in other bring up an excellent grab. Sir articles start you up since I say grab sir it's time for listener mail. I call this. The brazilian.
Hey guys, minimums raphia, I'm your greatest Van and Brazil. Listen to at least two hundred upsets you keep surprisingly with new interesting topics. I loved the soccer show, especially because you know absolutely nothing about it, which was very funny for brazilian. I thought we were never going to talk about that. Again. I love by gas because they help me improve my English and I can listen to them. While I am running the bike, the gem are climbing. Last week I was listening to other bodies and it must say your winning the competition of good knowledge providers off first, I was still programme of preconditions. Radio called tell me something I don't know, and one of the contenders presented the New York prohibition. Machines for the early seventies, they might didn't know, but I knew because of your show on pinball, remembering that happened to remember that
What we go out. I e mail that, like two weeks after we did, our pinball show the sky for economics, ready on that show how ya think, but the guy was obtained by expert because a deal of digging he did not copies. Oh no, rarely do people copy They think now you tolerate rarely if ever second, almost at the same day that you launch the nuclear fusion show the BBC forecast in our time with Melvin Brag, invited three experts to discuss nuclear fusion, both programmes or awesome. But yours was funny only yours was funny. I could see. My conclusion is that you are beating the heck out of other podcast. Congratulations wish you all the best and, if I might add, challenge you to make a show on deflation and inflation, I'm sure that crazy latin american experiences. And high inflation will amaze you we have talked about their bunch. Yes, stagflation, we did one Raphael call. What is stagflation idea and we talked
deflation, currency area, currency, the stuff you should know guide their economic, that's right, superstar guide, even try, sir, I feel at the information is out there for you and you suspect. Could you please tell me my English, actually improving. I don't know where you started. Creed, I have a baseline wrote, but your English is pretty. I'm good at it a couple of like little charming. Mechanisms, I think, but I think you did a great job. Yeah thanks Latvia we're year biggest stance that right. We appreciate all the flattering stuff. Thanks for that if you want to fire check- and I were always up for that and by chuck- and I of course you grammar nazis- I mean check in me that was the leopard Well, you can tweak to us it s why escape podcast. He can join us on Facebook that complex that we should know you can send an email to stop podcast that has the ports that camp and, as always, join us at home on the way
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Transcript generated on 2020-01-14.