Not exactly. What he's really detailing is fake collateral used as capital. For example, let's say I own a million peoples underwear in principle, and on average, they're worth $1 a piece, and I've given them 50 cents a piece to have that contract. I now have 1 million dollars in potential capital that I could use to borrow actual money or trade for something else that generates money. Then by creating gotcha-stipulations, with fine print, I can also create conditions that are hard to follow, causing most of them to violate those stipulations and have to forfeit their underwear to me, thus gaining the actual capital, making more than what I spent....while also still having the contract with the others to use as capital. So let's say 50% of them default. I've made my money back entirely. And still have capitol from the other 50%, effectively making my total capitol about 1.5 million dollars....by spending only 500k. It's pretty much how sleezy used car salesman operate, where they "sell" cars to poor people that they know a large percentage will default on, allowing them to repossess it and resell it, effectively only renting the car....but with none of the drawbacks that put them on the hook for things like maintenance and insurance. So they resell and repossess the same cars over and over, allowing them to potentially make more doing that than the car is worth, while still selling the car for its full value in the end to someone who eventually doesn't default.
@nope-z5y2 жыл бұрын
@@peoplez129 you're WAY overcomplicating it.
@jswets50072 жыл бұрын
I was thinking a similar thought. How relevant it is to, you will own nothing and be happy... Because who could be happy owning nothing in a paradigm where wealth equates to power and social status. 😂
@Thrifty0327812 жыл бұрын
I usually despise when someone says "such and such predicted this thing that happened later", because usually the "predictor" made a broad statement that somebody later applied to something unrelated. But in this case..... this sketch does describe NFTs pretty accurately. People are literally paying money for the concept of owning something, without actually having anything concrete.
@hackabilly47872 жыл бұрын
With such insightful comments you are exactly the business opportunist we are looking for.
@jor-elmasterofscheduling20022 жыл бұрын
This was the first thing that came to mind when I heard about NFTs
@scotty30345 жыл бұрын
Any time I see Bruce McCullough on the screen, I get happy.
I feel like this whole sketch tries to explain Phase 2.
@cautionTosser3 жыл бұрын
Time to go to work Work all day
@bunberrier2 ай бұрын
Someone had to say it
@LostOneOmega7 жыл бұрын
This definitely seems like "A Bruce" sketch. LoL
@Emiliapocalypse5 жыл бұрын
Agree! This has Bruce written all over it 😅
@shamusbob79695 жыл бұрын
Surrealism? A commentary on something? Feels like a weird nightmare or a short film? Definitely "A Bruce"
@jaywilley9554 жыл бұрын
Ain’t that the truth. Well said. 👏
@opaljk48353 жыл бұрын
Jay Willey it’s Brucio
@destubae32713 жыл бұрын
Fuck the buh buh buh bank
@jaywilley9554 жыл бұрын
Good Lord. 30 years after this sketch Ponzi scheme yank offs still use these vomit inducing tactics. Thank you KITH for being so very, very funny and decades ahead of your time. 😀❤️🙏
@mayssm2 жыл бұрын
"So how do you make money?" "See, there are a limited number of your underwear. So, by buying the exclusive rights to the idea of owning your underwear while not actually owning them, we will create a limited supply of deeds to your underwear. No one else can say they own the rights to your underwear, despite not physically owning your underwear. This will drive up the value of the deed to your underwear, and new investors will flock in and drive up the price of all of the NFTs...I mean your underwears." "Isn't this like those 'buy a star" or an 'area on the moon' deals that have been around forever?" "No, this is nothing like that. This is your underwear."
@JesseMaurais13 жыл бұрын
"A guy last week tried to buy my underwear. Only he wasn't slick like you."
@oliva7712 жыл бұрын
This is what I think of when people talk about the economy. And I wore glasses like that in HS, c.1990.
@bastlake14 жыл бұрын
Jeremy Hotz, sniffling as usual
@nebulousisgod6 жыл бұрын
I knew it was him! Thanks for the confirmation that I’m not just nuts
@MrJimmyTide4 жыл бұрын
What a miserable comic he is! ;)
@pantarei83823 жыл бұрын
I answer none of the above in every survey i find!. Actually these guys just explained wall street
@EpicBassSoIo3 жыл бұрын
well this was strangely ahead of its time
@flotyu4 жыл бұрын
Is that Jeremy Hotz?
@pretorious70013 жыл бұрын
Holy shit-the outro music is "Too Much Time" by Beefheart!!
@divingduck19705 жыл бұрын
Not quite. Can't be sure.
@filmflour Жыл бұрын
I thought it was Brown Eyed Girl.
@buckbundy86423 жыл бұрын
Gotta read that fine print before you find yourself free balling it.
@A7Guitar13 жыл бұрын
This ought to be in a new kids in the hall movie. Its just got the classic kith weirdness they added to some sketches
@demetriusstewart67015 жыл бұрын
Today that clipboard would've been a tablet true facts i miss these classics
@jjii6610 жыл бұрын
lol Armada must have had a gig coming up... did those guys ever make it?
@buckbundy86423 жыл бұрын
Featuring Herman Manderchuck
@gaggle6412 жыл бұрын
Did KITH predict the 2007 crash with underwear?
@RandallChase15 жыл бұрын
This is how Glenn from the show Superstore was hired by Cloud 9... this is his origin story..
@AvengerII6 жыл бұрын
Just another one of those bizarro KITH sketches that was beamed in from another dimension of wacky! Given how the world is today, you could ALMOST buy somebody trying to do something like this with a CELEBRITY'S underwear!
@nebulousisgod6 жыл бұрын
People buy regular soiled underwear over the Internet all the time.
@AvengerII3 жыл бұрын
@@nebulousisgod Celebrity Underwear is on a different level! The stuff people steal from laundromats is never going to be as special as Marilyn Monroe undies or Jane Mansfield bras! I'm pretty sure MM had stuff stolen from what she bequeathed the Strasbergs. They had a storage locker that was broken into and Marilyn mementos including some clothing was taken. I don't know if any that material was found by the police and returned to the Strasberg. Of course, it was an inside job and someone tipped the crook to what was in that locker.
@bert-qu3iq2 ай бұрын
1:52 Hey, isn't that a poster for ARMADA on the wall behind Mark? ( Rod Torkelsen's Armada featuring Herman Menderchuk.) The boys are moving up in the world, advertising in a laundromat.
@kxmode2 жыл бұрын
Sounds like NFTs
@SoleaGalilei3 жыл бұрын
Boy, they couldn't get away with a sketch like this today. People just can't take a joke about laundry anymore. (Am I doing it right? There's one of these stupid comments on every freaking KITH video on youtube.)
@ezekielbrockmann1143 жыл бұрын
Holy Cow! Except for the $15.00, this is facebook in a nutshell. Prescient!
@tharealmikezee31654 жыл бұрын
They love to knock "businessmen" all the time that was gr8 for the early 90s. And Bruce loves playing salesmen!
@vanessamurphy46672 жыл бұрын
OMG!!!! Jeremy Hotz!!!!!
@marklarsontube5566 жыл бұрын
Jeremy Hotz??
@jaywilley9554 жыл бұрын
Correct!!
@crashburn32924 жыл бұрын
I knew that businessman hanging out in that laundromat in Dallas in 1997 was up to no good....
@obeythemelon3 жыл бұрын
God, I've talked to these kinds of people. They make you feel special like you qualify for something great when really they're glorified salespeople. Thank god I realized something was wrong before I signed anything.
@brocktoon82 ай бұрын
Man, I wish I could have experiences like this. But it's not the 90s anymore. : (
@tinytanks2 жыл бұрын
bruce mccollough is the original michael ian black
@bonniebickett45202 жыл бұрын
Welcome Mr. president!
@MrLazyEyes15 жыл бұрын
Jeremy Hotz :D
@Shamus8b813 жыл бұрын
does anyone know what this character was called? He was also in the garbage man skit, who is he?
@inquisitorrex90123 жыл бұрын
Kids in the hall queen
@Guitcad13 жыл бұрын
OMG! Just when I thought I'd seen everything they ever did!
@josephparrotta11593 жыл бұрын
But for $15 he could have bought a whole pack of underwear.
@mgjk3 жыл бұрын
During the dot-com bust, a friend of mine had a business collecting and selling used underwear. There's a market.
@finnhaverkampАй бұрын
Lol this is just like the book Dead Souls
@vmelkon13 жыл бұрын
There is always a catch.
@NotSure1093 жыл бұрын
One little clause and the whole deal hits the skids.
@whiskerbiscuit66742 жыл бұрын
Jeremy Hotz!
@shootingdio72003 жыл бұрын
NFTs
@Unguided2 жыл бұрын
NFTs would be more like buying a key to a safe deposit box where a photo of the underwear was stored.
@jasontaverner3913 жыл бұрын
And we went on to become a Cloud 9 manager.... and now you know, the rest of the story!
@thefekete3 жыл бұрын
The original underpants gnome??
@upsyndrome15 жыл бұрын
QUIXTAR!
@jawnQuixote2 жыл бұрын
NFTs???
@TheRealMirCat3 жыл бұрын
Is this where South Park got the idea?
@gangreneday2 жыл бұрын
Nfts
@only2575 жыл бұрын
Hiliarous 👻
@yassirmorales57092 жыл бұрын
Who’s here for the NFTs?
@Sigh952 жыл бұрын
Uber for underwear Uberwear
@shadetreader5 жыл бұрын
This is exactly how much sense capitalism makes.
@jaywilley9554 жыл бұрын
Good Christ. We shall forgive you on account of your age. I’m guessing at the time of this post, 20 years old. Please tell the truth and also if you are not under 21, then an extra special enlightenment be upon you.
@eastonezra21033 жыл бұрын
I I’m actually planning on buying my first car today without my family knowing because they all doubted me when I started investing in bitcoin. But today with the help of Luiz I I’m a happy and fulfilled soul
@NotSure1093 жыл бұрын
I'd like to lease the title of ownership of your car - you, of course would retain possession. I just want to profit from the idea of owning your car. I don't take bitcoin though, only cash or soiled underwear.
@keeftaylor8347 ай бұрын
Bidenomics.
@radiohaven50935 жыл бұрын
The laugh tracks are god awful, but TKITH were comedy gold.
@dominiczerafa89905 жыл бұрын
Radio Haven it was taped in front of a live studio audience.
@thingsofsuch5 жыл бұрын
Radio Haven you are a dummy, the way they did tv in the 90s aside from the shit you watch was many MANY takes in front of real people. That laugh track is the one in your head, of your parents, dismayed at all of your life choices. Not the audience at TKITH show.
@ericschilling90644 жыл бұрын
Yeah those SNL laugh tracks are the worst tho 🙄
@stoneyj1a13 жыл бұрын
Is that Kevin from Seinfeld? this sketch is pretty stupid actually