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You're listening to Bill Handle on demand
from KFI AM six forty. You want

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listening to the Bill Handle Show.
And good morning everybody. It is a

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Thursday Solstice, Thursday, Thursday,
June twentieth, longest day of the year.

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And I think this is the official
start of summer. And okay,

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the only time I really mattered when
I was getting out of school. Remember

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it would be third week in June. I would get out of school today.

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When did they get out of school? I don't know. February is

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when the semester ends, and it
starts in January. Who the hell knows?

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But I cared, and my kids
are out of school. So I

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cared when I was a kid.
Now, all right, how unusual?

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Now? Amy reported this in the
news and that is LA's latest homeless housing

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project has opened up in skid Row. And skid Row, by the way,

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it's going to be one of those
terms that we're never going to be

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able to use again because it stigmatizes. It has to be that street which

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houses many homeless people. I don't
know what kind of a name comes up

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with it, but I guarantee you
come from skid Row, like hitting the

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skids, probably probably you know I
come up with do I use that line

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again that I used last hour skid
row? Amy says no, no,

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Sorry, you have to listen to
the Last Hour where I came up with

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the origin of the term skid row. Anyway, this is the first of

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two high rise buildings are going to
make up the Wine Guard Towers, and

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the first one is open. Nineteen
story two hundred and seventy eight units overlooking

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downtown, La Cafe, club room, Jim Music, art rooms, computer

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lab, dog runs, terraces,
two hundred and twenty eight studio apartments,

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fifty one bedroom apartments. Each apartment
fully furnished, full kitchen, private bathroom,

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heating and air conditioning, described as
high quality apartment living. And Kevin

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Murray, the president's CEO of the
Wineguart Center Association, says, this is

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not just a building. It's about
people, about giving people dignity and respect.

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By the way, I agree with
that. There is no question this

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is about taking the homeless and doing
something with them. And by the way,

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this is where you could call me
a socialist on this one. We

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have so many homeless in society that
I think we have to do something about

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it. Other countries do I have
a real problem with the fact that healthcare

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and food is not a fundamental right. Okay, housing, I don't know,

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but you know, through tax dollars, through tax dollars, we are

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funding this. It comes to five
hundred and sixty five thousand dollars or five

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hundred and ninety five thousand dollars per
unit, six hundred grand for every unit.

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Now am I in favor of this? I am still a little bit

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of math. How many people in
La County are considered homeless? Sixty thousand,

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okay, how many of them are
Let's say forty thousand units are necessary

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because summers couple some families, So
let's call it forty thousand. What is

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forty thousand times a six hundred thousand
Figure that number out. Yeah, yeah,

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it's pretty impressive. And I have
said, and here is the flaw

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is to deal successfully with homelessness,
to make a real dent is going to

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take every dime of the budget of
this county and probably the state to make

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this happen. And where do you
put this on the burner? Front burner,

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okay, back burner, the burner
behind that. And I don't know

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what I do know if it's going
to be incremental couple one hundred, few

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hundred units at a time, so
forty six years from now will actually make

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a real good den unless you take
all the money. And how are they

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going to get some of the money. Well, guess what. We've got

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a ballot measure coming up in November, and we now have a one quarter

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cent sales tax in La County to
fund affordable housing and homeless services. This

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ballot measure is going to replace that
which expires in twenty twenty seven from a

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quarter cent to half a cent.
Now that means almost nothing, right,

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except as these taxes go up a
quarter of a cent half a cent.

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Guess where we are, boys and
girls. We're at what one and a

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half percent? One of the most
expensive tax, sales tax in the United

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States, and it's going to go
up, much like next month are our

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tax on gasoline is going to go
up. I'll be announcing that July first,

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and no small amount either. Oh, by the way, California taxes

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on gasoline the most expensive tax in
the United States. It used to be

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fifty percent premium. Because of the
summer blend and all of that. It

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is. We used to have a
fifty percent premium when it was two bucks.

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Let's say around the country it was
two fifty here. Now it is

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a dollar fifty to two dollars premium
because of the taxes that are being nailed,

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and it's going to go up by
the way July first, So sales

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tax, which by the way,
is going to pass because Proposition H passed

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with a quarter of a cent to
deal with the homeless, now is going

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to be half a cent, which
is going to be permanent because H expires

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in twenty twenty seven. And do
they have enough signatures? Buy twice?

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The coalition of Housing Authority and the
mental health sector, those who advocated this,

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submitted four hundred and ten thousand signatures
to the County Register's office to qualify.

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Organizers need about two hundred and forty
thousand signatures. They've got it.

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Are we going to vote it in? Oh? Yes we are. And

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that's not to say that we can't
deal with the homeless. I mean we

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have to to some extent. But
are we willing to pay these kinds of

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taxes? Yeah? When they go
up a quarter of a cent here,

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half a cent here, it's death
of a thousand cuts. And that's particularly

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important in Chinatown, where I'm not
going to do that because that's a reference.

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Okay, So anyway, the point
is, I agree the homeless should

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be sheltered. Do I agree that
every dime we have goes to the homeless

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and that's the only way to make
a real dent. Fair enough, Now,

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we heard the news about Boeing and
the problems it's had with the Max

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and the Dreamliner and its aircraft.
So let's move over to its space division,

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where there is a Boeing star Liner
spacecraft flying to and reaching the space

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station with two veteran NASA astronauts round
trip to the International Space Station and back

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it goes. So now the two
veteran astronauts have been invited to stay longer

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at the space station because the inhabitants
like them. And oh yeah, by

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the way, there is a real
problem with the spacecraft. They have to

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straighten out before the astronauts get back
and come on home. And so there's

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staying aboard the space station for a
second time while engineers on the ground scrambling

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to learn what happened on the journey
up because there was there were some problems

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troubles the spacecraft experience on its way
to the iss, including helium leaks and

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thrusters that abruptly stop working, and
all kinds of questions had been raised about

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how the back half of the mission
is going to work out. The first

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half of the mission went fine except
for the helium leaks and the thrusters that

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don't work. And it's a little
issue. Now Is that big a deal?

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Not really, because, as you
can imagine, every news outlet reporting

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this went to their go to experts, former astronauts, engineers, etc.

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And they said, this is a
small deal. It's not considered life threatening

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in any way because that part of
the spacecraft in which the thrusters didn't work

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so well, and the helium leaks
weren't even expected to and designed to come

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back to Earth. They were going
to go into the atmosphere and burn up.

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It just wasn't part of the plan. So problems with that did not

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create any danger to the astronauts.
But it does prove that there's some real

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problems with this and now the astronauts
are going to return no earlier than June

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twenty six. And I love this. This is pr from Boeing. It's

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describing the mission as a success and
a learning opportunity. Now, Elon Musk

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who started with his spacecraft, he
had a learning opportunity three times as it

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blew up three times. And it
really was a learning op opportunity for real.

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I mean there's no question about it. I think it blew up twice

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and on his third go round it
succeeded. Let me tell you, let's

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go back a few years, and
that is what year with that. It

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started twenty fourteen and NASA tapped both
Boeing and SpaceX to develop spacecraft capable of

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carrying astronauts to the ISS, the
International Station space Station. Boeing was the

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leader. By the way, everybody
expected Boeing to be first up because SpaceX

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was creating this technology of returnable spacecraft
WELLX crew Dragon spacecraft. The Dragon safely

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completed the first mission in twenty twenty. We're four years out and Boeing just

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launched its first spacecraft to the ISS. SpaceX has been doing this for years,

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and so the perception that Boeing was
way ahead of the game as opposed

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to this upstart SpaceX. Of course, that's reversed completely and the star Liner,

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the Boeing craft, has been faced
with setbacks and mar Well marred was

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setbacks and problems every step of the
way, years of delays, added expense.

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I mean, it just is not
gone well. The first test mission

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in twenty nineteen with a star Liner
just made no sense. It had so

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many problems. So now twenty twenty
is the second uncrewed flight test additional problems.

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This is Boeing. Now it is
being pointed out by the people at

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Boeing that the spacecraft, the space
program of Boeing is totally separate from the

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aircraft manufacturing division. It's really two
different companies. So you can't really conflate

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the two except the ownership happens to
be Boeing. And you know, so

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let me ask you this. Let's
say you're going to pay for a ride

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to the ISS. Are you going
to look at the max Starliner? Probably

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not. SpaceX now has eighty percent
of the world market both for government including

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NASA and other governments and private customers. Private customers meaning throwing up satellites for

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communications for various scientific programs, you
know, looking at the Earth and weather

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forecasting, et cetera. And SpaceX
and Elon Musk visionary that he is crazy,

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but visionary that he is also has
a Star Link satellite system which gives

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the entire world access to the Internet. He went in a different direction.

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Boy, that he do well with
that. Now, we did a story

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last week about Legos. A thief
broke in and I think it were six

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Lego stores in southern California that were
broken into and a bunch of Legos were

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stolen. You go, come on, Legos, Well, let me tell

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you what legos are about. First
of all, he stuffed the garbage bag

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with about ten thousand dollars worth of
figures at one store to a waiting car

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and speeding off. Now, come
on, Legos. You know there are

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billions and billions of Lego pieces out
there. But let me explain what happened

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with legos. Okay, the COVID
nineteen pandemic, turbocharge, Lego collecting hobby

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and home bound collectors blitzing online resellers
in search of coveted items, driving up

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prices, attracting criminals. So how
did legos be come from these little blocks

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into collectibles. Well, it's not
the building of them. It's not the

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Eiffel Tower built out of legos,
or the White House built out of legos

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and the giant dinosaurs. What it
is are these limit little figures, these

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tiny little figures, characters. They're
about one point five inch, they're figurines,

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and they're known as minifigs. And
Neil, you've talked about minifigs in

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cooking, where you take these very
small figs and they're wonderful. They're minifigs

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and those can trade for now upward
of one thousand dollars each. And there's

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a story there because one owner of
the store, and let me tell you

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about the stores bricks and minifigs,
for example, franchise chain or the one

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hundred location around the country. They
don't sell individual little pieces. What they

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sell are sets, expensive sets and
figurines that are no longer in production.

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And those are the ones that have
exploded. And man, what a story

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that is, because these little tiny
figurines which you can put in your pocket

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are getting more valuable by the minute. One of the owners of the stores,

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woman named Katie Leuscher or Lesher,
who owns a store and Wittier,

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says, you can't steal in nineteen
sixties mustang and hide that, but you

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sure as hell can hide a mini
figure and stockpile them for years. And

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they're going up in value. And
here's a case in point. I saw

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a documentary finished it yesterday about collectibles
sports collectibles, and it's about Golden,

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which is a company that this guy, Ken Golden created and he sells memorabilia.

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Started with sports memorabilia and now he's
into everything and does massive tens of

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millions, hundreds of millions of dollars
of business. And so one of the

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collectibles that he talks about and you
actually see it and is owned by the

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owner of the Diamondbacks, the Arizona
Diavabacks is the best Honus Wagner baseball card

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in existence. There are only two
hundred and six that were even printed.

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This is back in the late eighteen
eighteen nineties when he was still you know,

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professional baseball was still there. Now
these cards were printed by tobacco companies.

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On the back with the tobacco company
logo card and on the front was

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the baseball player. Well, this
guy was a teetotaler and a non smoker,

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and he went out of his mind
and he told the company, pull

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the advertise, pull the cards.
Well, two hundred and six were released,

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maybe there's a dozen left out there. And then they're graded by the

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condition, and this one is the
most expensive or the best conditioned Honus Wagner

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card in existence. I'm referring to
the value of things going up and collectibles.

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It's known as the Gretzki card because
Wayne Gretzky, the great hockey player

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in nineteen ninety two, paid four
hundred and fifty one thousand dollars for the

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card, which was considered astronomical money. Why would you do that, Well,

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the owner of the Diamondbacks, I
don't know how many years ago,

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paid two point eight million dollars for
the same card, and today it is

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valued by Ken Golden at fifty million
dollars for a baseball card. The val

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look at the amount of money you
pay for a Kobe Bryant jersey or Mike

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Jordan pair of sneakers in the millions
of dollars a pair of you sneakers.

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Amy did this story last week about
thieves breaking into Lego stores and stealing these

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little figurines like one hundred thousand dollars
worth. You to go, come on,

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well, it's a collectible, and
it's a collectible that's going up in

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value by the day, because that's
what these collectibles are doing. Boy what

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an investment. Now, these are
not Lego blocks. These are little figurines

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that are being manufactured, and that
is the secret here. They're known as

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minifigs, small figurines, and they
are well, I mean, it's incredible.

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Here's the difference though, and why
these are worth more and more.

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This is kind of a manufactured rarity
companies send out or what they do is

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manufacturing small number and they tell them
for a pretty good price, and they're

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rare. Versus what I said,
the Honus Wagner card was not a manufactured

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rarity for the purpose of making it
a rarity. The Michael Jordan tennis shoes

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use his sneakers used in a championship
game, which goes for over two million

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dollars or did that was not quote
a manufactured product. However, the line

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of Michael Jordan is manufactured and Nike
keeps it very limited numbers of this model.

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Immediately they're worth a pile of money. Legos was about to go broke

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in the nineties and then somewhere with
the company figured out it's not those blocks,

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it's these little figures connected to Star
Wars, Jurassic Park, connected to

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movies and story. Harry Potter is
one and the rare ones are worth the

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fortune, and sometimes they manufacture only
a few of them. As I talked

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about that documentary on Netflix that's on
that's well worth it about collectibles and the

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value. There's one guy for I
don't know how many millions of dollars one

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little figurine. One little figurine,
a Star Wars figurine. There are only

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three in existence because this was a
prototype of a figure that was never made.

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There's only three that exists. And
it's worth north, wasn't it.

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I think it was worth more than
a million bucks. I mean it is

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crazy. As I said earlier,
and Neil nodded on this one. A

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Pokemon card worth a million dollars.
Jerseys that are worth the people have bought

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for tens of thousands, Jackie Robinson
jersey Babe Ruth jerseys that are game used

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where they can prove it was used
in a championship game. Just crazy prices.

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And that's what brought Lego into a
company that now does over nine billion

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dollars a year, grew by fifty
percent over the last five years. And

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I'll tell you, and I'm going
to repeat what I said, because this

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is a story that's almost incomprehensible.
The famous Gretzky Honus Wagner card baseball card.

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Only two hundred were ever actually printed, very rare. Maybe it doesn't

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exist. There's one in the best
quality you could imagine. He paid for

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it in the nineties four hundred and
fifty one thousand dollars in people, you're

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out of your mind. The guy
who owns it now, who owns the

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Arizona Diamondbacks, paid two point eight
million dollars for it, maybe ten twelve

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years ago. It has now been
assessed by Ken Golden, the guy who

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owns the company that sells this stuff, at over fifty million dollars for one

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baseball card. It is the holy
Grail of collectibles. Nothing like it in

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the world. Just insanity. Babe
Ruth Baseball's crazy Babe Ruth jerseys Jackie Robinson

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jersey that was used during his first
year in baseball, where he still has

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bloodstains on it for when he cut
himself shaving. The guy turned down seven

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and a half million dollars, turned
it down. Who owns it? All

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right? We're done with that.
This is KFI AM six forty live everywhere

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00:22:37.240 --> 00:22:41.000
on the iHeartRadio app. You've been
listening to the Bill Handle Show. Catch

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00:22:41.079 --> 00:22:45.440
my Show Monday through Friday, six
am to nine am, and anytime on

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00:22:45.599 --> 00:22:47.599
demand on the iHeartRadio app.

