 Good morning, John. I don't know if you've heard about this yet, but there's a hip new challenge going on on YouTube right now, and I'm super interested in it. It's called the Explain the 2008 financial crisis in less than 60 seconds challenge, so I'm gonna try to do it. Interest rates in 2008 were super low, which meant that banks could basically borrow money for free. So they had tons of potential money, but they needed stuff to buy, and the most important new thing to buy turned out to be people's mortgages, because there were more than 13 trillion dollars of them. There are four institutions that are important to this story. Lenders, who made the loans. Investment banks, who bought, packaged, and resold the loans. Ratings agencies, who told investors how risky the loans were, and investors, who bought the loans from the banks. Because of this new system, a bunch of people did a bunch of things that they should not have done. Lenders didn't need to worry about whether the loans would be paid off anymore, because they were just selling the loans off. And because there was so much demand, they started to create manipulative loans that they gave to people who could never pay them off. Those subprime loans were purchased by investment banks, who did a number of duplicitous things to make rating agencies think that they were not subprime loans. They were rated as AAA, and investors bought them thinking that they were getting a good thing. And eventually, when the inevitable happened, and people couldn't pay off their loans, the entire House of Lies came crashing down, along with a good portion of the global economy. Woooo! Challenge complete! And now I got like three minutes left of this video, so I should do some more challenges? There's a bunch of good ones. The Grow a Bunch of Hair Challenge. Each of my 150,000 hair follicles produces around 0.44 millimeters of hair per day. Meaning that, in total, I grow around 0.29 inches of hair per second. Over the course of a day, if all of my hair growth were concentrated on one hair, that hair would be 220 feet long. So while you can't see hair grow, you do grow a lot of it. The Try to Make a Harpsichord Noise Challenge. The Drink However Much Mouthwash You Have Left Challenge. I should have bought a smaller bottle. It's the challenge, though. Just water with food coloring in it. Come on. The Make Breakfast on Snapchat Challenge. The How Loud Can You Screen Challenge. The Apologize for Something While You're Doing a Challenge. I don't dislike challenge videos. I actually quite like them. I think they're fun. And I think it's difficult to come up with good ideas for challenges and to have a good time and to edit together good challenge videos. I don't want this video to be seen as mocking challenge videos, but instead, rethinking that genre to fit my own aesthetic. The Have a Jump Cutting Have a Consentance Challenge. And finally, the How Far Up Your Body Can You Bite Challenge. Yeah. Just count. You're like... John, I'll see you on Tuesday. Only a week until the Project for Awesome starts this day. Next week, it will begin. There will be a livestream. It will be great and fun. You should join us. Put aside a little bit of your schedule. If you want to make a video that people can vote on, your favorite charity might get a whole bunch of money. You can do that. And maybe put a little bit of your money aside too, because there's going to be a bunch of really cool perks. Doot, doot, doot.