Episode Transcript
Transcripts are displayed as originally observed. Some content, including advertisements may have changed.
Use Ctrl + F to search
0:01
Hey, everybody, it's me Josham. For this week's
0:03
select I've chosen our episode on All
0:05
the Golden Fort Knox from November of twenty
0:07
twenty. One of the most surprising things
0:09
we learned to this episode isn't that there
0:11
might not be any gold left in Fort Knox.
0:14
There most likely is plenty in there, but
0:16
that because of the size of our economy, it
0:18
doesn't really matter at this point if it's
0:20
there or not. Hope you enjoy this
0:23
brainbuster of an episode.
0:29
Welcome to Stuff You Should Know, a production
0:32
of iHeartRadio.
0:39
Hey, and welcome to the podcast. I'm Josh
0:41
Clark, and there's Charles w Chuck
0:43
Bryant and Jerry's out there somewhere,
0:45
and this is stuff you should
0:48
know. Carrot plated gold
0:50
edition.
0:52
Gold plated.
0:54
Isn't that what happens? Like if you put a bunch of gold together,
0:57
it means more carrots?
0:59
I think so. I'm afraid to doubt
1:01
you, though, because I had a
1:03
movie crusher say that. All I
1:05
do lately is say you're wrong to
1:07
you.
1:08
What do they mean lately?
1:10
I know, I don't know.
1:12
They must be a newcomer to the podcast.
1:15
It's dressing is Josh is all
1:18
the time lately, Josh makes really good points, and
1:20
all Chuck does is pupu it by
1:22
just saying, no, you're wrong. It's
1:25
like, has that even happened once?
1:27
If it makes you I'm sure it's happened more than once.
1:29
But if it makes you feeling better I haven't noticed,
1:32
then that's what really counts, don't you think. Yeah,
1:34
I guess, although there are like
1:36
a million plus people listening, so I guess
1:38
their opinions count as well.
1:40
You're wrong.
1:41
Oh man, you know what's
1:43
funny is I didn't even see that coming, Chuck.
1:46
Oh see there.
1:47
Yeah, that was good, good stuff. And I almost
1:49
just said the ES word. That was good stuff.
1:52
You're wrong, it was mediocre.
1:56
Let's just do this for forty five minutes.
1:58
Yeah, no, let's do a real podcast
2:01
episode. This is interesting.
2:03
All I could think about was heist
2:05
movies.
2:07
Oh really, I don't know what I thought
2:09
about. I think I was kind of stuck in the thirties.
2:11
I just thought of everything's kind of old timey and
2:13
quaint, all right, because
2:16
it's kind of in a way where the story really
2:18
kicks off the story of Fort
2:21
Knox. In case anybody's listening,
2:23
and didn't check the title.
2:25
Oh, I thought we were doing an episode on
2:27
the United States Bullion Depository,
2:30
Buddy.
2:30
That is the same exact thing
2:32
in a lot of ways, but actually they're
2:35
different too. Let's talk about this, right,
2:37
So, for anybody who is outside of
2:39
the United States, and I would wager that a lot
2:41
of you, I'd wager all the golden Fort Knox,
2:44
that a lot of you are very familiar with
2:46
Fort Knox, because it does seem
2:48
to be kind of like this world famous place where
2:50
the United States hoards its
2:53
gold and it's just totally impenetrable,
2:56
so don't even try. But
2:59
there's also like a lot of conspiracy theories too
3:01
that there's no gold in there. And we'll talk about all this
3:03
and why there's golden there too, but I feel like we
3:05
should at least give like a background
3:07
on Fort Knox and the ins and outs of
3:09
it, don't you.
3:10
Yeah. In nineteen oh three,
3:13
this is where it all started. The
3:15
US Army said, you know what, I think
3:17
we need some training ground out
3:19
here in Kentucky, in West Point, Kentucky.
3:21
And everybody said, why, Yeah.
3:24
I don't know good as place as any I guess, okay,
3:27
And they use that area. They got
3:30
a few counties to kindly
3:32
hand them over some land, and
3:35
they use that area for training and stuff.
3:38
Made it a permanent training camp in nineteen
3:40
eighteen, and then named
3:42
it after Henry Knox, a Revolutionary
3:45
War officer, as Camp Knox.
3:48
And someone very quickly said, that doesn't
3:50
sound at all tough. It sounds like children
3:52
belong here and people are roasting
3:55
s'mores.
3:55
So that's always going to say.
3:57
How about Fort Knox.
3:59
It seems like all the best fort started out as
4:01
camps.
4:01
Yeah, so they said short. In nineteen thirty
4:03
two, it became officially Fort
4:06
Canucks.
4:08
Right, nice one. So
4:10
yeah, so it started out as a legit
4:12
army base. But then eventually in the
4:15
thirties, which is why I've been stuck in the thirties because
4:17
so much of the story takes place there, the
4:19
United States Mint said, hey, we
4:22
could use a new spot to
4:24
store some gold, because we got a lot
4:26
of gold and this isn't even
4:28
all of it, but we need a new spot to store some
4:30
gold. And they actually
4:33
took possession of part of
4:35
Fort Knox and built
4:38
what's known as, like you said, the United States
4:40
Bullion Depository there
4:43
in Kentucky, and it is legitimately
4:45
Fort Knox is now not just the Army
4:47
Camp. Even more famously, it is
4:50
really what you officially would call
4:52
the United States Bullion Depository.
4:54
Yeah, and the camp is still there, and some
4:56
say it is
4:58
there as sort of a a means
5:01
of maybe intimidation maybe
5:03
back up, like, hey, there's an army camp right next
5:05
door. But they
5:07
know also asked to borrow that name because
5:10
it sounded tougher than the Bullion
5:12
Depository, and they said,
5:14
sure, you can go ahead and just call that building Fort Knox
5:16
as well. And that's where
5:19
we moved, well
5:21
not all of it, but we had a lot of gold at the time, as
5:23
you were saying, and it was it
5:27
was a little unnerving, I think,
5:29
to have most of the gold and
5:32
the country stored in Philadelphia,
5:34
the mint there and in New York because
5:36
it was so close to the coast, and if some warring
5:40
nation wanted to invade us and grab our
5:42
gold, then they wouldn't
5:44
have far to go to get it onto a boat.
5:47
Yeah, oh truly, which is you
5:49
know, pretty sensible, really, and I never really thought
5:51
about that. But New York's not very far
5:53
from water, and neither is Philly, so why
5:56
not. So they decided to move as
5:58
much as they could, and there was silver moved
6:01
too. There was a lot of stockpiles of silver that we're
6:03
not even going to bother with in this story because silver
6:06
we're talking gold here. Yeah, And they
6:08
moved a lot of it to Denver, and they very
6:10
quickly said, well, the Denver Mint's a great
6:12
place because it's protected from the from
6:15
the Pacific Ocean by the Rocky mountains, which
6:17
make that makes it much
6:19
more difficult for an invading army to
6:21
come in from the Pacific and steal it. But
6:24
we've run out of space and we need some
6:26
more space for all the spill over gold. And
6:28
that's when they decided to build a Fort Knox,
6:30
which in Kentucky is
6:32
protected from the Atlantic
6:35
Ocean by the Appalachian Mountain. So it's pretty
6:37
pretty clever. Why they why they chose Fort Knox.
6:39
Yeah, So the Treasury, like
6:41
you said, took control of
6:43
that land in thirty six, and then in thirty
6:46
seven they I mean, they started building you
6:48
know there. You know, they couldn't just keep
6:50
it intense even though those intimidating
6:53
Appalachian Mountains were right there. They're
6:55
like, we need a building here. So they
6:57
built a building over just
6:59
a few months.
7:01
It's impressive.
7:01
Yeah, cost about a half a million
7:04
bucks. And in nineteen thirty seven
7:06
they said, we're open for business, bring
7:08
that gold from New York City.
7:11
They didn't. They they did it the way, exactly
7:13
the way that you would think they would do it. They had
7:16
a lot of they had a secret
7:18
location where they were loading it. They sent
7:20
a bunch of trains out that
7:23
were decoys. And
7:25
it didn't all happen at once. It wasn't one
7:28
shipment that made its way
7:30
from New York and Philadelphia over to
7:33
Kentucky.
7:33
It would have been in the movie, I think, exactly.
7:36
Yeah, But it happened like actually
7:39
in many shipments over several
7:41
years. But supposedly they did it like sometimes
7:43
darkness of nights, and there was decoys
7:46
and they were always protected by a
7:49
number of groups from the
7:51
Post Office inspectors
7:54
that are licensed to carry guns. Which
7:57
would I hate to say it, everybody,
7:59
but that's the one that you would try to hijack if
8:01
you were going to hijack.
8:02
Yeah, I mean all the way to be honest.
8:04
I like, yeah, right, yes,
8:07
chuck, all the way to the army,
8:09
you know, which I would I would probably not
8:11
try to hijack that one. If I were
8:13
going to hijack one, which I wouldn't do, it
8:16
would probably be the Postal inspector
8:18
one.
8:19
Yeah, and you know, I'm sure
8:22
that they've someone has written a movie treatment
8:24
at some point for a nineteen
8:26
thirty seven train on the
8:28
way to Fort Knox heist type of thing,
8:31
right, and they surely would have cast
8:34
those poor post office gun slingers
8:36
is the likely train, those
8:41
poor guys.
8:43
So we've got the gold shown
8:45
up at Fort Knox, and the thing
8:47
is is, like this was like people knew
8:49
about this. It wasn't done in secret, Like this this
8:52
is known about and I think
8:54
I get the impression that the reason that it was talked about
8:56
in discussed, and there were like little tidbits
8:58
here there in the in
9:01
the popular media
9:03
to give this idea like Okay, yes we're
9:05
moving this gold, but like, don't
9:07
even try it, Like here's just enough
9:10
that you need to know to not even come
9:12
anywhere near this place. And over the
9:14
years, little tidbits have kind of been
9:16
released here there that give a pretty complete
9:19
picture of what you would be dealing with
9:21
if you did, in fact, try to impregnate
9:25
Fort Knox.
9:26
Oh, pretty
9:28
sexy. So first
9:31
of all, you can't just take a tour, and
9:33
you can tour almost anything
9:36
in this country except for
9:38
Fort Knox.
9:39
Even if you were a sitting congress person,
9:41
the chances are you're probably not going
9:43
to get a tour.
9:45
Yeah, I mean, if ed
9:47
is correct here who helped us put this together? There
9:49
have only been three official tours, Is that right?
9:52
Yeah, that's what I saw. So
9:54
there's there was one from FDR himself,
9:56
which is pretty understandable. Sure, there
9:59
was one in the seventies, which we'll
10:01
talk about, which made sense,
10:04
but it was a congressional delegation. And
10:06
then I think in twenty seventeen,
10:09
Steven Mnusan and a delegation
10:11
toured it. So there's at least
10:14
three, but those are the three that we know
10:16
about. There may have been more, but I
10:18
would think they would kind of publicize that because the whole
10:20
point of being a delegate to
10:22
tour of Fort Knox is to basically reassure
10:25
the public there's a lot of gold
10:27
in there. Don't even worry about. Yes, the gold's there.
10:29
That's pretty much the reason why anybody gets
10:31
a tour of Fort Knox.
10:32
I wonder if they let FDR in just
10:35
to say, hey, you might as well just urinate
10:38
on this golden person, because
10:40
that's what you're about to do with
10:42
policy.
10:44
That's probably what happened.
10:46
We'll get through that later with the gold standard, And
10:49
of course you didn't urinate on it. Even with policy,
10:52
you don't know.
10:52
You can't ever tell what that FDR.
10:55
So here's a bunch of things, and
10:57
this next bit is going to be just sort of
10:59
a lot of the facts and figures that we
11:01
know and we've gleaned over the years.
11:04
Some comes from official releases,
11:06
some comes from an old nineteen
11:09
thirties issue of Popular Mechanics, which
11:11
is kind of cool. But
11:14
should we take a break first?
11:16
Oh? Sure, man, Yeah, I think
11:18
that's a great cliffhanger.
11:19
Right, great, we'll be right back
11:50
alrighty, So we promised
11:52
you stats and figures about Fort Knox.
11:55
And nineteen thirties issues of Popular Mechanics.
11:57
I know, how's this for you?
12:00
The vault requires, of course, multiple
12:02
people to open it up, and each
12:05
person nobody knows the entire combination. Each
12:07
person knows only a part
12:09
of it. And even if you got it
12:12
open, there's a one hundred hour
12:14
time delay lock, so you got to wait.
12:16
If you have them at gunpoint and you all
12:19
force and you force them all to open it, you got
12:21
to sit around and wait for four days, no matter what.
12:23
That's my favorite one.
12:24
It's pretty great, m h.
12:27
That and the fact that it's really just artificial
12:29
intelligence from the future is the only one that
12:32
has the entire combination in its possession.
12:34
What else, Well, let's
12:37
see, the vault
12:39
itself is actually inside a building.
12:41
So you remember in our Alcatraz episode where
12:43
the cell blocks were buildings inside of the
12:45
larger prison building. Yeah,
12:48
that's exactly the same thing, and
12:50
not coincidentally, they were built around the same
12:52
time, so I think
12:54
there was that kind of you know, impenetrable
12:57
building within an impenetrable building in
12:59
the zone geist kind of thing going on. And
13:02
the only way, the only place the
13:04
vault and that building are connected is on the
13:06
floor. But don't even think of coming
13:08
up from under the floor, because the
13:11
flooring is two feet thick of granite,
13:14
which you are not going to get through even if
13:16
you successfully dug under. And
13:19
I'll just go ahead and tell you why you
13:21
would not be able to successfully dig under the building
13:23
from the outside. Is because you have barrier
13:25
after barrier after fence after razor
13:27
wire separating you from the
13:30
building. There's a huge blank
13:32
field around the building, so it's not
13:34
very easy to kind of walk up to it. And
13:39
they apparently have said that the
13:41
field around the building is a minefield,
13:44
which means that they apparently studied
13:46
cartoons to design Fort
13:49
Knox, which I love.
13:51
They're like, what would wile E Coyota do?
13:54
Exactly?
13:56
Yeah, it is, I mean it's it's definitely worth
13:58
googling a like
14:00
an aerial image of this building. It's
14:03
pretty interesting. I mean it does.
14:05
It sits out in the middle of nothing in
14:08
this big flat area, and there's
14:10
like a circular driveway around
14:12
it. And you
14:14
know, it's made of what you think it's made of, which
14:17
is granite and concrete and
14:19
steel. They said that the walls
14:22
are also two feet in thickness, and
14:24
inside those walls are fabricated
14:27
steel coils that are so closely
14:29
smushed together that they say a human hand
14:32
can't even get between them. Right,
14:35
So you need a baby or a child.
14:37
You need a baby in so
14:40
you got to bring a baby. You have to bring diapers
14:42
and food to last the maybe four days until
14:44
the time Locke comes.
14:45
Yeah.
14:46
Of course, don't forget a gun to hold people
14:48
off with. Yeah, and probably
14:50
some people you don't like to send through the minefield
14:52
the clear path for you.
14:53
Yeah, and you got to get one of those diaper genies
14:55
to put the diaper in, otherwise it's smell
14:57
in there.
14:58
Oh man, it would smell so bad in that little
15:00
building.
15:01
Here's another cool thing. Well, the whole building
15:04
isn't huge. I mean it's it's
15:06
not small. It's ten thousand square feet, but it's
15:08
not I don't know. You think of Fort Knox
15:11
and you think of something
15:13
the size of like a maximum
15:15
security prisoner or something like that. It's
15:18
not huge. But the
15:21
building inside the building, so the vault inside
15:24
has an eighteen inch space clear
15:26
on every side, and they have all these mirrors
15:29
everywhere. And of course now they have real
15:32
cameras. I guess this was from the popular
15:34
mechanics pre camera.
15:36
You just use mirrors to make sure that you could
15:38
see every square inch of this thing. Yeah.
15:41
So if you did somehow manage to
15:43
get inside the vault, the people who whose
15:45
job it is is to watch the vault
15:48
would see you immediately, and they
15:50
ostal service workers yeah.
15:52
Yeah, they would just start, you
15:54
know, lobbing dead letter off
15:56
as packages at you until you got annoyed
15:59
and left.
16:00
And of course there's heavy artillery. There are
16:03
four corner machine gun turrets
16:06
essentially on the outer
16:08
building, just looking down.
16:10
So I'm sorry, I was confused. Is that on the
16:12
outer building or is that part of the vault?
16:15
I think that's outside?
16:17
Okay, I don't know. I
16:19
couldn't quite tell, and I didn't see
16:21
it outside. Did you see him outside?
16:23
Well, I mean I saw I mean I didn't see
16:25
any really close ups. Everything was kind of an aerial
16:29
and I did see what looked like corner
16:31
turrets, but maybe they are inside. Okay,
16:33
I don't know if i'd be shooting up machine guns inside
16:36
of granite room.
16:38
Yeah, that's actually probably a pretty bad idea.
16:40
I mean, I've seen Wiley Cody too. Those
16:42
bullets bounce.
16:43
All over the re place. That's right. So
16:46
you've also got a door to contend with. So so
16:48
far you've got two feet thick everything
16:50
to get through, which
16:52
means that your best bet is to go through
16:55
the door because rather than twenty
16:57
four inches, it's only twenty one inches thick.
16:59
But you should probably be dissuaded
17:01
by the fact that it's blast, drill and
17:03
torch proof, said the US
17:06
MINT director from back in twenty sixteen,
17:08
Philip Deal.
17:10
Yeah, and again this is all under the banner
17:12
of don't even think about it, buddy. Right
17:15
between the there's a
17:17
corridor that encircles the vault and
17:20
then the outer wall of the building. They do have some offices.
17:23
I guess that's where Dottie the secretary has
17:25
been since nineteen fifty something, answering.
17:28
For Danny or Danny.
17:29
That's true. I don't think they gave
17:31
jobs like that to Danny in the nineteen fifties.
17:34
Okay, maybe not in the fifties. That's fine. But
17:36
I got called out for letting that stooge's comment
17:38
pass, and I'm not gonna I'm not going on the grill
17:40
again for you, pal.
17:41
What the ladies don't like the Three Stages?
17:44
We got not one, not two,
17:47
but thrice emails about that, and
17:50
most of them were not happy.
17:51
Well, actually two of the three were
17:54
very fun about it and said that they love the three stooges.
17:56
But yes, but they weren't happy.
17:58
One I couldn't tell, and I wrote her back and
18:00
it was like I can't tell if you're really mad. Well,
18:03
and I said, but I
18:05
said, I was just, uh, if you google
18:08
women don't like three stooges, it's a it's
18:10
a trope. I mean, it's a familiar trope. I wasn't
18:13
like inventing some sexist
18:15
thing. I was just kind of funning around with it.
18:18
Yeah, it's like everybody not liking Detroit
18:20
or Kentucky like google.
18:22
That, right, or google women don't like
18:24
Rush the band.
18:26
Hey, hey, hey, let's just let's
18:28
bail out of this while we still have our
18:30
limb.
18:31
No, people can likely like. But trust me, I've been
18:33
to a Rush concert and there was there's
18:35
a lot of masculinity in that room.
18:38
What year was that, because I'll bet
18:40
I was at the same concert depending I
18:42
went to.
18:44
It must have been eighty eight or eighty nine.
18:46
Oh no, I wasn't not that one.
18:48
Okay, yeah you were.
18:49
This would have been maybe
18:51
like ninety two, ninety three.
18:54
We just missed each other.
18:56
Yeah, just by a few years. Had I just hung out
18:58
at the Omni for three or four more years or had
19:00
you, we would have passed EACHO.
19:02
But you're right, Women like all sorts of things, and
19:04
men like all sorts of things.
19:06
That's right. And Danny and Dottie can both
19:08
be secretaries, that's right. And we don't even call
19:10
them secretaries anymore, Chuck, we should just stop
19:12
podcasting altogether. We
19:15
have aged out of it.
19:17
So to me, the only way in would
19:19
be the escape
19:22
tunnel.
19:23
Yes, which they thought of that. They realized
19:26
that. They actually put a tunnel underground
19:29
that you could use to get into the
19:33
depository, the actual vault, which
19:35
they installed in case somebody got locked in
19:37
there, which I'm really surprised they
19:40
even installed that or
19:42
designed that in there. I would think like, if you have people
19:44
guarding it as closely as it's being guarded
19:47
all the time, that if you got locked
19:49
in there, they could let you out. They just
19:52
give you food or something through those those
19:54
slots that for the four days.
19:56
Yeah, or.
20:00
That's an even better idea, actually, now that you
20:03
mentioned it, but now they didn't do that. They actually
20:05
put an escape tunnel in so that you can
20:07
crawl out. It's not like a pleasant walk
20:09
or anything. You crawl like through this tunnel
20:12
and then out into the minefield basically, but
20:14
the door that you reach that lets you outside
20:18
only opens from the inside. It's
20:20
impossible to open from the outside, which I
20:22
take to mean it doesn't have a doorknob
20:24
on the outside, and then it's
20:28
guarded twenty four to seven by people who are
20:30
ready to just shoot you up if you
20:32
try to approach this door with your own doorknob
20:34
that you brought to open it from the outside.
20:37
Right, because you're not going to come in here with
20:39
a presumably a freight train
20:42
to steal all this gold.
20:44
Where are you going to put the tracks? You can't do it?
20:47
Are you going to get that gold out of there?
20:49
I just love the fact that we're trying
20:51
to you know, we're doing a podcast in twenty twenty
20:54
explaining and dissuading people
20:57
from trying to get into
20:59
Fort Knox. I mean, it's just so like
21:01
seventies to me, or thirties or fifties,
21:03
you know. I love it.
21:04
The other cool thing is is that it can go
21:06
off grid, has its own water
21:09
and power. So if you
21:11
you know, in the movie version, of course,
21:14
once again I would think you would try
21:16
and knock it off the line somehow
21:19
get those cameras down, but they say, no, no, no, we
21:21
have those generators. We can
21:23
live off grid. There's a gun range
21:25
in the basement, So if you want to brush up on your
21:27
machine gunning down there, you can do that.
21:29
No, that's kind of like a little line
21:32
yap to the whole thing. Like, by the
21:34
way, these guys are training with
21:37
guns downstairs in the basement for fun
21:39
because they've got nothing else to do. They're
21:41
just waiting for you to come.
21:43
Now.
21:43
Who is guarding it though, from what
21:45
I understand their treasury agents?
21:46
Right, yeah.
21:47
The army can be called in if needed,
21:49
because again it's like right there.
21:52
Yeah, the US Mint Police Force. Yeah,
21:54
which I imagine is it's
21:57
probably a pretty cool gig to have.
22:00
I don't know where they would have come up, but I swear
22:02
we've mentioned that they exist before.
22:05
It seems familiar to me. Have we done this all
22:07
before?
22:08
No, we haven't done this one, but we have talked about money
22:10
and currency before. Yeah,
22:12
And I feel like where that's
22:15
where we're at. Don't you like that? Maybe
22:17
we should talk about the gold itself, because
22:20
I mean, yes, it's cool that there's a twenty one inch
22:22
blast door and there's a door that only opens
22:25
from the inside and the escape
22:28
tunnel. But I think what everybody's really fascinated
22:30
with as much as anything, is the fact that there is a
22:33
lot of gold inside
22:35
of four knox.
22:36
Yeah, and this will kind
22:38
of hit home too. If you've ever seen movies where
22:40
you're bringing gold out of a place in a duffel
22:42
bag, those gold bars
22:45
weigh almost twenty eight pounds apiece, just
22:48
one, Yeah, just one of those things.
22:50
So if you see people throwing them
22:52
around in a movie or putting
22:55
ten of them fifteen of them in a duffel
22:57
bag and slinging it over their shoulder, that
22:59
is not realistic at all. They're seven inches long,
23:02
three and five eighths inches wide, one in
23:04
three quarters inches thick, and weigh twenty
23:06
seven point five pounds.
23:07
Each, yeah, or four
23:09
hundred troy ounces. If you know what
23:11
that means. I have no idea, and
23:14
I think it's what about ten
23:16
twelve kilos a piece
23:18
for those of you who aren't listening in the US
23:21
and the weird thing, I didn't realize this, but as
23:24
far as the Treasury is concerned, and to
23:26
me, this really kind of goes to demonstrate
23:28
like how little the actual
23:31
value of maintaining this
23:33
gold horde is that, just for bookkeeping,
23:36
they assign like an arbitrary
23:39
value the statutory value of gold.
23:41
It's what it's called at forty two
23:43
dollars and forty four cents an ounce, so
23:46
that they can keep track using
23:48
that dollar amount of how much gold is
23:50
in Fort Knox, rather
23:52
than you know, tracking it as it as it
23:54
relates to like the international gold
23:56
market.
23:58
Yeah, and so I did the math this time.
24:00
I did two. Let's see if we came up with
24:02
the same figures.
24:03
So the supposedly there are forty six hundred
24:05
metric tons of gold, which
24:07
by the way, is about two point five percent of all
24:09
the gold ever mined in the world
24:12
in human history.
24:13
That's pretty impressive.
24:14
And if we're just going I want to make sure we use the
24:16
same numbers here forty six hundred metric
24:18
tons. Can use that forty
24:21
two point four to four cents
24:24
per ounce.
24:25
Okay, I did it differently, But let's see if we came up with
24:27
the same figure.
24:28
Well, what value did you use?
24:30
Like, no, you go first, mister, you're
24:32
wrong guy.
24:35
So using the statutory value of
24:37
gold that the US is set, I
24:40
came up with six point eight billion dollars worth
24:42
of gold.
24:43
Close for mine. Close for mine.
24:45
I used a different method, and this is one of
24:47
the great joys of math? Is there a different approaches
24:50
to the same proble?
24:51
What did you do?
24:52
I took that forty six hundred metric tons
24:55
of gold and divided
24:57
it by pounds twenty
25:00
seven point five pounds, so I came up with
25:02
the number of individual
25:04
bars. Then I multiplied that number of
25:06
individual bars, which is three hundred and
25:08
sixty eight thousand and seven hundred and seventy
25:11
three bars. Uh huh, by that
25:13
sixteen thousand, eight hundred
25:15
and eighty eight dollars per bar. Okay,
25:17
I came up with in the neighborhood of six
25:20
point twenty five six billion dollars worth
25:22
of gold.
25:23
Well, first of all, there's a
25:25
psychologist that's listening to this that is really
25:29
yeah, looking at what that means for both of
25:31
our personalities.
25:32
For sure, it's gotta say a lot.
25:34
You know, did you use Are you sure you used
25:36
metric tons and not just tons?
25:39
Yeah? I did a
25:41
pound to metric ton conversion. You know how
25:43
you can go on the internet and just say pound
25:46
metric ton and like it brings up a little
25:48
conversion thing for you.
25:49
Yeah, I was. I was just making sure because at
25:51
first I didn't do metric ton, and that was different
25:54
and did a short ton that is a short ton,
25:56
and that came to about six closer to your
25:58
number.
26:00
Oh okay, yeah, no, I and I actually rounded
26:02
a little bit because I was like, E, what
26:04
the heck is that when the total
26:07
came up, So I went back and redid it.
26:09
And I didn't feel like plugging in all the same numbers
26:11
that I rounded it.
26:12
What I wonder what I did was I just
26:14
took how
26:16
many ounces or in forty six in
26:19
a metric ton, multiplied that
26:21
by forty six hundred, and then multiplied that
26:23
by forty two forty four.
26:26
Well, I proposed that move along because I
26:28
just suddenly rose. There's probably people who's
26:30
like their fingertips are dug under
26:32
their eyeballs. They're so they're
26:34
in such agony hearing us discuss math
26:37
like this.
26:38
Well, what's what's important is that the
26:40
FED in New York actually has more gold
26:43
in their Manhattan vault, which was in a movie
26:45
six thousand tons of Gold. That
26:48
would have been die Harder, Die
26:50
Hard three. I believe it may die
26:53
another day. I don't know, but it was a good one.
26:55
That was the one with Sam Jackson.
26:57
Yeah, that was pretty good. And
27:00
by the way, I need to say something. I realized
27:02
that. I said, Event Horizon is a
27:04
good movie and holds up. I
27:07
went back and saw it again again,
27:09
huh, and I was like, this is way jokier
27:12
than I remember from last time. Oh really,
27:14
Yeah, And sadly there's a there's a sheen
27:17
or a coating of hokiness that
27:20
I guess maybe they brought in somebody to punch up
27:22
the script or something and that was their contribution.
27:25
But it's not so it doesn't hold up anymore.
27:27
No, and it's a great
27:30
galactic, love crafty and
27:32
horror movie in concept and
27:34
in some parts, but no, it's
27:36
unfortunately rather hokey. I'm
27:39
a little gutted to say that. As our British friends
27:41
would say.
27:41
Maybe you should watch it again in like three years
27:43
and it might be back on track.
27:45
Were you, well, maybe, you know, maybe it's
27:47
me that's the problem.
27:49
Well, you know, taste waxes and wains.
27:51
Yeah, that's true. It's true.
27:54
There's another there's some other stuff in Fort
27:56
Knox, and there has been other stuff through history
27:58
in Fort Knox, because it's just it's a great place to
28:00
keep stuff if you don't want to lose it or have
28:02
it stolen. They have some rare
28:05
coins in there. These are coins
28:07
that were not released to the public. They
28:10
may have been promotional coins or test pressings,
28:13
and so there's some of that stuff, including the
28:17
Chicago Way dollars coins that flew in
28:19
the Space shuttle. Is that funny?
28:22
Yeah, that's sokka juweah.
28:24
Yeah, that's like the American
28:26
bastardization. It's Chicago Way.
28:29
Oh well, maybe we should keep this in, Okay,
28:32
because I've never heard
28:34
anybody say that. I really thought you'd just mised
28:36
pronounced it. Other people say it like that.
28:39
Yeah. I think it's one of those things where like
28:41
the native pronunciation is Chicagoway
28:43
and Americans were like saka Jowellah.
28:46
No, oh my god, I've got
28:48
so much egg on my face. Maybe we won't keep this
28:50
part in. You have to say it you said it
28:52
wrong, though, you have to be like that's wrong, that's
28:56
wrong. Okay, thank
28:58
you. So it is Chicagoway. Huh? Is
29:00
it icagaweya?
29:01
I think it's just Chicagaway. And I only learn
29:03
that from Ken Burns.
29:06
God bless Kim America's teacher cut
29:09
and you man, thank you for setting
29:11
me straight in front of a million people.
29:13
Let me see here at nineteen thirty three
29:16
gold double eagle twenty dollars
29:18
coin. That's kind of cool.
29:20
Yeah. Sure there's an aluminum dime, no
29:22
penny, an aluminum penny from nineteen
29:24
seventy four.
29:25
Which I'd love to see that thing.
29:27
I would too, but it just strikes me as a little sad.
29:30
Sure
29:31
there've also been because
29:34
Fort Knox is just so well known as this impregnable
29:36
place, and it really is, you know, legitimately, you
29:39
cannot get into it no matter how hard you try.
29:42
It's actually served as the site the storehouse
29:44
for some like truly valuable stuff like
29:47
the Declaration of Independence,
29:50
the Bill of Rights, the Gettysburg
29:52
Address, a Gutenberg Bible, the
29:56
Magnet cart. Actually during World War Two, England's
29:58
like, hey, can you hang on to this four because the Germans
30:00
are really like up our butts right now? That's kind
30:03
of cool, yeah, they So
30:05
we held that at Fort Knox during World
30:07
War Two, which is I mean,
30:09
that's just fascinating to the idea
30:11
that some apparently some secret
30:14
service agent traveled secretly
30:17
with a bunch of these documents from Washington,
30:19
d C. And put them on a train out
30:21
to Kentucky to go to be held in Fort
30:24
Knox during World War Two.
30:25
I love it. That's really cool. And that was temporary.
30:28
I think. Didn't they return them right afterward?
30:30
Oh yeah, for sure. Apparently they dedicated
30:32
the Jefferson Memorial in nineteen forty three and they're
30:34
like, we need to get the Declaration
30:37
of Independence out there.
30:38
And they found out that the guards were using
30:40
it as a place mat to eat their dehydrated
30:43
foods.
30:44
You know, they'd swapped it with something
30:47
that they only used cryon to forge,
30:50
kept the original themselves.
30:52
So should we break now before conspiracies
30:55
or weight and break before gold standard?
30:57
We'll break now. And I'm not one hundred percent sure I'm going
30:59
to be able to come back from that Chicago Way thing,
31:01
Okay. So it might just be you and we come back
31:04
from brain No never, okay,
31:35
Chuck. So one of the things, one of the favorite
31:38
things Americans love to do is
31:40
to suggest, quite seriously in a
31:42
lot of cases that there is no such
31:44
thing as a
31:47
gold in Fort Knox, and that there hasn't been
31:49
golden there for a very long time. And if you went
31:51
there and you saw gold, well you're a fool. Because
31:53
the best thing. The best possible scenario
31:56
is that you saw something like tungsten
31:59
that was spray painted or plated
32:01
in gold, and that the golden Fort Knox is
32:03
not there and hasn't been there for a very long time,
32:06
and not only that it was
32:08
sold for the most nefarious, outrageous
32:11
purposes we can possibly come up with.
32:14
Yeah, so they audit
32:16
Fort Knox and they count the gold
32:19
allegedly supposedly, Dottie
32:21
and Danny get in there with their adding
32:24
machine and they type everything
32:26
out. And I
32:28
love how Ed put this. He said that all the conspiracy
32:31
theories rely on quote,
32:33
some fundamental misunderstanding of how currency
32:35
works, how the gold standard worked, or
32:37
just outright nonsense. But
32:39
it's kind of true.
32:41
Yeah, No, it totally is, because there's
32:43
this call for which we'll talk about the
32:45
gold to be used again the way originally
32:48
was, which is the back our currency. If
32:51
that's the if that's really the basis
32:53
of your problem with the idea that the gold was
32:55
secretly sold off in Fort Knox, then
32:58
then yeah, you misunderstand and how
33:00
currency works or how economies work, and you probably
33:03
don't fully understand how the gold standard
33:05
was not really great and that America
33:08
actually blew up, and the whole
33:10
world blew up after we switched off
33:12
of the gold standard. That's how the global
33:14
economy really started to take off, was
33:17
when we decoupled our currency from being
33:19
pinned to gold. So that's another It seems
33:21
to be another factor in
33:24
kind of banding about conspiracy theories about
33:26
Fort Knox gold too.
33:28
Yeah, and a lot of these conspiracy theories are
33:30
anti Semitic. Yeah,
33:32
there are, believe it or not. There are some really
33:34
smart people who think who
33:37
may or may not believe in some of these theories,
33:40
and some that believe we should go back to the gold
33:42
standard, including Alan Greenspan,
33:46
a woman named Judy Shelton who Trump
33:48
tried to push for appointment to the FED to
33:51
the Federal Reserve. And
33:53
I'm not sure if she believes in the conspiracy
33:56
theories or she just wants to go back to the gold standard.
33:58
Yeah, they're not. I mean, it's not hand in hand.
34:00
It's just if you do think we should go back
34:02
to the gold standard, it's
34:04
basically impossible for your attention not
34:06
to fall on Fort Knox. And then you may
34:08
be like, well, is there even gold there?
34:11
Yeah? True, But there are some truly
34:13
wackado things out there. This
34:16
Peter Better guy.
34:18
Oh is that how you're saying his name?
34:20
What is it better? Better?
34:22
If his name's not Peter Beeter,
34:25
then I'm sad.
34:26
I am too. Peter Beeter, the
34:29
et e r. That's what I'm going to call him, at least.
34:31
Yeah, it's like Peter with a bee. Yeah,
34:33
but his first name's Peter. It's magnificent,
34:36
it's perfect.
34:37
So he has thrown
34:40
a lot of conspiracies out there since the seventies,
34:43
including a popular one that we sold off
34:46
all the gold to these global elites
34:48
for next to nothing so they
34:50
could hoard that gold and then
34:53
one day just destabilize the economy
34:55
of the world and you
34:57
know, ascend to power basically.
35:00
Yeah, because they would
35:02
have all the money and they sunk the
35:04
value of the money so they could buy everything else
35:06
at rock bottom prices like they bought the gold.
35:09
Apparently this involves the Rothschilds,
35:11
which automatically makes the whole thing anti
35:13
Semitic, because the roth Childs
35:15
started out and you know, are still around as
35:17
far as I know, as a Jewish
35:20
banking family many many
35:22
centuries ago and rose
35:24
to power and wealth pretty quickly, and actually
35:26
had a huge role
35:29
in a lot of world affairs, like were
35:31
able to bail out entire nations
35:34
like France after they went into debt
35:36
over war, like this family could
35:38
do that, and it started a lot of conspiracy
35:41
theories. So they're kind
35:43
of like one of the og conspiracy
35:45
theories. And usually it was based
35:47
on a combination or it was based
35:49
on suspiciousness of a combination of them
35:51
being Jewish and them being extraordinarily
35:54
wealthy.
35:55
Yeah, there's this other guy. Is his
35:58
name is Yan even Huis.
36:01
I'm sure that's wrong. He had
36:03
an alias named kus Janssen Koos
36:07
And I listened to and read some
36:09
interviews with this guy and
36:12
he did you check into him? He seems he
36:15
seems like a pretty level headed economist,
36:17
right that just seems to think that these
36:20
audits aren't correct and there
36:22
is something kinky going on. He didn't seem
36:25
really out there though.
36:27
No, but it seems like
36:29
a case of paying too much attention
36:31
to details and starting to
36:33
see things that aren't necessarily
36:35
there. Or if you do turn up a discrepancy,
36:38
assuming that it does reveal some larger
36:40
plot rather than just being a mistake
36:42
or an accounting error or somebody forgot to carry
36:45
the one. That's my impression. I could
36:47
be wrong. I don't know much about kus Jansen.
36:49
Yeah, but the interview just seemed very
36:51
level headed. He wasn't talking
36:54
about robotoids,
36:56
which is what Peter Peter talks about,
36:59
right, literally talks
37:02
about stuff like that.
37:03
Well, that's what makes it believable is the OIDs
37:05
on the end. If there were just robots, it would just seem
37:08
rather far fetch.
37:09
What about Ron Paul, His is a little out there. He
37:11
thinks it's all fake, right.
37:13
So Ron Paul. I can't tell if Ron Paul
37:15
is the source of a lot
37:17
of this or was an amplifier for
37:19
a lot of it, But he's tapped into
37:22
or is part of one of the larger
37:26
kind of followings of conspiracy
37:29
theories as far as Fort Knox is concerned, which
37:31
is that either like I was saying
37:33
earlier, there's either no gold there
37:36
really, or the goal that is there is fake
37:38
and the real gold has been sold, and
37:41
that the US has been doing this for a
37:43
very long time for all sorts of
37:47
uncertain reasons
37:49
like that, and that usually these days that China's
37:51
been the big recipient of cheap gold, and maybe
37:54
we've been doing that because if we sell
37:56
China a bunch of cheap gold, it will actually
37:58
keep the dollar low and we'll strengthen
38:00
our exports. I'm not quite
38:03
sure how that works. There
38:05
also seems to be a certain amount of like national
38:08
pride associated with it, where
38:10
like, no, that's our goal, that's the people's
38:12
goal. That can't be sold off secretly by the government.
38:15
And here's to me where it's like, even
38:18
if there isn't any gold in Fort Knox
38:21
at some point in the not too
38:23
distant past, but the past,
38:25
for sure, we've gone so far
38:28
beyond that having any
38:30
importance whatsoever. Yeah, based
38:32
on the dollar value of the golden Fort Knox
38:34
that it legitimately doesn't
38:36
matter. But that's why I think some people
38:39
are like, no, it does matter. That is our goal, that's
38:41
America's goal. I've seen
38:43
it referred to I think Ed said somebody referred
38:45
to it as the equity of our national wealth.
38:48
And there seems to be like a certain amount of like American
38:51
pride or patriotism in
38:53
being really mad about the idea that Fort
38:56
Knox doesn't have any gold anymore, that
38:58
the American people were duped by
39:00
you know, whatever elites are running the show
39:02
at the behest of whatever. Jewish people
39:04
are running the elites.
39:06
Right, because here's the deal, and this
39:08
is where we kind of get in more to the of
39:10
the gold standard, and we
39:12
talked about this in currency and how both of us
39:14
are kind of consistently blown away that money,
39:19
all money is is just something that everyone
39:21
is agreed on has value. Yeah,
39:23
and that's what we've been doing forever. But yeah, since
39:26
there has been little ingots
39:28
and trinkets, Yes, as long as
39:30
you agree, I mean, it could be a well,
39:33
it could be a stick. It has to be something
39:35
that you can't just go out and forage,
39:37
although you can with gold, which is a problem you
39:39
can.
39:39
I mean, like think about wampum that was extensively
39:42
used and I believe the Pacific Northwest by
39:45
more than one tribe
39:47
and nation. Wampam
39:49
was They were like little little seashells
39:51
that you could go and collect if you wanted to, and
39:53
they were considered valuable currency
39:55
and were for a very long time too. So it could
39:58
conceivably be a stick as far as you may he's.
40:00
Concerned, right, But in our case, and in
40:02
the case of paper money these days, it
40:05
is we've had to make it incredibly
40:08
hard to recreate and counterfeit. You
40:10
can also listen to our counterfeiting episode. But
40:13
what really struck me kind of with
40:15
that thought experiment this time is
40:17
that gold really doesn't have much value
40:19
either as a commodity. It's
40:22
it's nice for making pretty trinkets,
40:24
but and they use it in some electronics
40:27
and stuff like that. But we've also just sort of
40:29
agreed that gold is valuable, and
40:31
the only thing that really has
40:33
true value is food,
40:36
air, and water, if
40:39
you think about it, and love, and
40:41
the irony is is that we're doing our best
40:43
to kill all that stuff away,
40:45
you know, the stuff that really
40:47
matters.
40:48
Man, Bravo, Bravo.
40:51
I want to give you a hand to help you down from your
40:53
soapbox, and I'm going to put a king robe around
40:56
you. Okay, okay?
40:57
Is it?
40:58
It's gold flecked and it's got like the little white
41:01
leopard like.
41:02
Yeah caller, yeah, yeah,
41:04
whatever that is.
41:05
You look great in it. That was wonderful.
41:07
No, it's just it's just so funny. These things that we've
41:09
agreed have value really don't. And the
41:12
things that really truly have value are
41:14
really just the things that keep people alive.
41:16
Right, right, But even like taking
41:18
that hippie stuff out of the equation, there was
41:20
a time where people said,
41:24
no, gold, gold actually is valuable. People
41:26
have value gold for eons now,
41:28
like it's one of the first things humans agreed
41:30
had inherent value, even though it doesn't
41:32
really have inherent value because it was yeah,
41:35
and so it made sense that
41:37
we we would say, Okay, gold's
41:40
really hard to lug around, and like it's
41:44
you just you don't want to actually trade gold.
41:46
How about we make paper that represents
41:48
a certain amount of gold. And
41:51
so that's kind of where we got paper currency
41:53
in the world, and that's what we've been using for a
41:55
very long time. But over time, the
41:58
problems, the issue that can arise
42:00
from pinning your currency to gold,
42:05
they became apparent. For one,
42:07
you're you're limited to the amount
42:09
of gold that exists in the world, which is substantial.
42:11
I mean, all the golden Fort Knox is
42:14
only two and a half percent of all
42:16
the gold that was ever mined. So there's a lot of gold
42:18
in the world, but that's a finite amount,
42:20
which is why some people are like, yeah, that's
42:22
why we should pin our currency to gold. It
42:25
prevents it from getting out of hand, and you can't just print
42:27
however much you want. The
42:30
problem is, it's like you were saying, like with a
42:32
stick, you can go in the forest and go get a bunch
42:34
of sticks. Conceivably, you
42:36
a private company could go mine
42:39
a bunch of gold that you found. You found a
42:41
horde, and you
42:43
can mine it, and that will affect the
42:47
value of not just gold, but of entire national
42:50
economies in the global economy as a whole,
42:52
if everybody's pinning their currency to gold.
42:55
Yeah. And the thing is it also like,
42:58
if your economy is backed only by gold,
43:00
it's really tough to make adjustments to
43:03
the economy as a government, which is something
43:06
as things have become more complicated
43:08
over the years with finance throughout the world
43:10
we've relied upon and
43:13
I don't eve think we even mentioned that. The reason we did
43:15
this to begin with is because when we first
43:18
had the idea of paper currency, people
43:20
are like, I don't trust that at all,
43:23
Like coins that people were kind of used to
43:26
because they've been using trinkets and gets and coins
43:28
for many, many years. But when they brought
43:30
out paper dollars, and part of this was understandable
43:34
because private banks and I think we talked
43:36
about this in currency, and
43:38
especially in the South pre Civil
43:40
War South, there were all kinds of
43:42
values for their paper
43:44
currency, so none of it really meant anything.
43:47
Yeah, a bank, a company,
43:49
a town could print their own money. There
43:51
was no federal monopoly on printing money
43:54
in the United States until some time after
43:56
the Civil War, I think.
43:57
So people just said, yeah, we don't like this paper
43:59
current. So we came along said all right, well,
44:01
what if we back it by gold and in theory
44:05
all the money as a real gold
44:07
value attached to it, and you can even come trade
44:09
it in for gold if you want.
44:10
To, right. So that's that's
44:13
how we went forward for a very long time,
44:15
and then kind of slowly but surely we started
44:17
to move away from it, particularly
44:19
starting in nineteen thirteen
44:22
where the Federal Reserve was established,
44:26
which a lot of people, especially ones who think
44:28
we should go to the gold standard and people who think
44:30
that we shouldn't have or that there's no golden
44:32
fort Knox believe kind
44:34
of ruined the world when
44:37
we established the Federal Reserve, and
44:41
one of the first steps that said was like, okay,
44:43
we need to maintain forty percent
44:46
of the value of all of our currency in
44:48
circulation in gold as
44:50
a country, which was a lot
44:53
different from one hundred percent. That's a huge
44:55
amount of money that can can now
44:57
be printed, and more money that's out
44:59
there, more things can be bought because
45:01
that money can be traded for services
45:04
and goods, and you can employ people with it, and
45:06
all of a sudden, your economy can start getting bigger
45:08
and bigger and bigger. And that's exactly what happened.
45:10
And as that became more and more evident,
45:13
we started moving further and further away from from
45:16
the gold standard.
45:17
Yeah. And like I said earlier, kind of joke
45:20
that Roosevelt they allowed him to urinate
45:22
in person on the gold He
45:24
really led the charge
45:26
in the thirties because of World War One
45:28
and the Great Depression, and said,
45:30
you know what, we really kind of need to get away from this gold
45:32
standard officially, and I'm going to take
45:34
a series of actions weakening
45:37
that link between gold
45:40
dollars being backed by gold, and
45:42
you can't exchange it anymore. Everyone,
45:44
so don't even think about that. And
45:47
not only that, you can't hoard gold, like
45:49
we basically want all the gold
45:52
and they all want to hang on to it.
45:54
Yeah, And so for a very long time. The
45:56
only reason people maintain gold,
46:00
or countries maintained gold, or the United States
46:02
maintained gold, was to pay
46:05
off foreign debts if need
46:07
be. And then Nixon said
46:09
nuts to that in nineteen seventy one, and
46:12
from that moment on, the United States
46:14
currency and economy was decoupled
46:17
from gold and has been ever since. And
46:20
you again, you can look, I'm
46:22
not a wroth child robot
46:24
oid. I just believe in progress,
46:27
basically. And if you go back and look at
46:29
the world economy, in the United States economy since
46:31
nineteen seventy one, it's made some pretty impressive
46:33
gains since then, and that's
46:36
largely due to decoupling from
46:38
gold and being able to print money. Now
46:40
that said, and this is an entirely different podcast
46:43
that I think we need to do sometime. There are massive
46:46
problems with paper
46:48
money, paper currency what's called fiat
46:50
currency or a fiat system
46:52
of currency, where by fiat by
46:55
proclamation, we say our currency
46:57
is worth this amount, and that's what we do
46:59
now, which is totally made up and totally in
47:01
the air. But as long as people have faith
47:03
in the government and the economy and
47:05
the workforce, we
47:08
can survive those ups and downs through
47:10
that that that sense of faith not
47:13
just among our
47:15
citizens, but also people around the world
47:18
understand.
47:20
Yeah, I mean, let's let's just all keep
47:22
agreeing. Let's keep that pinky squear going exactly.
47:25
So why do we still have value? Why
47:28
do we still have Fort Knox? And if we don't
47:30
need the gold, well,
47:32
I mean they're not just gonna
47:35
give it away. You still got to keep it in one
47:37
in a couple of places, right.
47:40
That's I mean, that's one thing I think there is
47:42
a certain amount of that national pride to even among
47:44
the governments. Yeah, we got we got a bunch of gold,
47:46
and it's in Fort Knox, and it's almost like symbolic
47:49
of America's wealth and strength. One
47:51
thing I did see is there are like lots
47:53
of other countries have lots of other gold
47:55
hords themselves. And although
47:58
the gold market is basically separate,
48:00
it's like its own thing. That's you know, it
48:04
responds and reacts to the stock
48:07
exchanges and other markets,
48:09
but it's not it's not you know, entangled
48:11
with it's its own thing. So really, if
48:13
you released a bunch of gold, you're
48:16
really going to mess with the gold market. But it's going to have
48:18
a ripple effect through the through the world,
48:21
in the other markets, in the
48:23
global economy. So it would
48:25
be really foolish to release a bunch of
48:27
gold onto the market for the US
48:29
to sell, or any country to sell its gold hoards
48:32
off. It would be a real big problem
48:34
that you don't need to have. It's easier to just keep
48:36
the gold in Fort Knox instead,
48:39
agreed, that's
48:41
why it's still around.
48:42
You're not.
48:42
This turned out to be a pretty good aside from
48:44
soaka juwiyah and now I'm wondering
48:47
if I even pronounced wamp them correctly.
48:50
Well, how humiliating, chuck.
48:52
Wampum was the real thing? You know?
48:54
Uh, if you want to know more about Fort
48:56
Knox and start looking at pictures of it, you'll you'll
48:59
see what we're talking about. And since I said you'll
49:01
see what we're talking about, it's time for listener mail.
49:06
I'm gonna call this Wetlands
49:08
follow up from Donna.
49:10
Hey, guys, been listening for many years and always enjoy
49:12
the shows in the banter. Today,
49:14
out of my morning walk, I was listening to Wetlands,
49:17
Wetlands, Wetlands, and serendipitously
49:20
came upon Cattails just as
49:23
you brought them up. Wow, we
49:25
love this stuff, these little coincidences.
49:28
She's like, now, I'm listening to the four Knox episode,
49:30
so lay.
49:31
It on me. I'm tunneling
49:33
in as we speak. It
49:35
was one of those weird coincidence moments that I just
49:37
had to record. I walked off the path
49:39
into the grasses and took a quick cattail
49:41
selfie, which I included in this email. Lovely
49:44
picture. Growing up in New Jersey
49:46
in the eighties, cattails were called
49:49
punks, and my dad would take the dried
49:51
out plants and light them to
49:53
keep away mosquitoes. That's what
49:55
a punk is. Yeah, I've never heard of that. Have you heard
49:57
of that? Uh huh, never heard
49:59
of that. Back then, it seemed like a normal
50:02
thing to do. But having grown up and moved away
50:04
from New Jersey, who I have
50:06
never come across anyone that ever partakes
50:08
in this practice anymore. With such a huge
50:10
part of my childhood summers, I'd forgotten about it until
50:13
now until listening to the episode, and
50:15
then I happen to walk
50:17
upon some in the adjacent marshes
50:19
in that moment truly delighted me. Mosquito
50:22
season is over, where I live now in DC. But
50:24
on next summers to do list is to
50:26
cut some cat tails from the Parkland and
50:28
introduce my two teen sons to
50:31
that distinctive punk smell.
50:33
That made me against federal law. Now
50:35
though, oh, really taking
50:37
punks from the Parkland,
50:40
it seems like against the law.
50:41
Well, I'll tell you what, Donna H. Look
50:44
into that. We don't want you to get in trouble, that's
50:46
right, or to do anything you shouldn't do. But
50:49
I get the urge to want to introduce things
50:52
to your children that you did back then that weren't
50:54
necessarily proper.
50:56
Yes, but the nanny state will say
50:58
no and throw you in jail. Try
51:00
it, Donna.
51:00
Yeah, maybe, I mean where I saw the wetlands
51:02
recently where I was hiking here in Arabia Mountain.
51:04
You can't beautiful granite outcroppings
51:07
part of Stone Mountain actually, and you
51:09
can't. My daughter wanted to take those rocks.
51:11
If you can't take the rocks, you go
51:13
get thrown in jail by the nanny state.
51:15
You can't do it. You gotta leave those rocks.
51:19
What else did Donna say anything else?
51:20
No, that's it. That's from Donna H.
51:22
That was great, Donna, thank you very much. Be careful
51:24
with the cattails. We won't tell if you do,
51:26
but we just don't want you to get in trouble. We're
51:29
no snitches. If you want
51:32
to get in touch with us, like Donna did, we
51:34
want to hear from you, and you can send us an email
51:36
to Stuff podcast at iHeartRadio
51:39
dot com.
51:42
Stuff you Should Know is a production of iHeartRadio.
51:45
For more podcasts my heart Radio, visit
51:47
the iHeartRadio app, Apple Podcasts,
51:50
or wherever you listen to your favorite shows.
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More