A Look Back at 2021 - The Year in Scams - podcast episode cover

A Look Back at 2021 - The Year in Scams

Dec 31, 20216 minEp. 10435
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Episode description

Michael Kosta takes a look at the top scams of 2021, including skyrocketing NFT sales, meme stocks, Donald Trump's voter fraud claims, anti-critical race theory hysteria and more.

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Transcript

Speaker 1

You're listening to Comedy Central. Wow. A lot changed in the length of Kanye's name, the energy level of our president, my in laws, Hulu password. But one thing that didn't change is that people still fell for anything. You know how they say a sucker is born every minute. Well, this year there was more sucking going on than an orgy at the Dyson factory. Starting with one of the most ridiculous scams. People fell for n f t s

otherwise known as non fungible tokens. It's basically when you buy the rights to a piece of digital art and hang onto your Apple wallets. They got pretty expensive. Two hundred thousand dollars for a Lebron James dunking clip, six hundred thousand for I don't even know what that is in the middle, and millions for Jack Dorsey's first tweet. This image of digital toilet paper is worth yea bucks for digital toilet paper. I guess it'll come in handy

and I have to take a dump. In the metaverse, Sadly, gullible idiots spent millions on n f t s thinking they have actual value, when in reality they can become worthless at any time, which I found out the hard way when I sold my house to buy this n f D of a dog wearing pantyhose. What can I say? I love art. My next favorite scam of was the meme stock. All year long, people were pumping money into terrible businesses just because the Internet thought it was cool.

It was the financial equivalent of the tide Pod Challenge, and no stock was more memed than Game Stop. It stocked a bit, declining in value for a long time because it's a store that tries to sell you video games that you can download at home. And if there's one thing gamers love, it's leaving their house ever. But of course, like all meme stocks, this whole thing is just a big roller coaster ride, and the only question is who's the sucker Who's gonna be left holding the

bag when the price crashes. It turns out it was me. I bought it at the top. Not totally my fault. My cousin is a hedge fund manager, and he assured me that this thing was full proof. Anyway, He's living in Turks and Caicos now and I'm living in an airport La Quinta. But let's move from Wall Street to Pennsylvania Avenue, home of the scam that kicked off, is somehow still going strong. It's the biggest lie since that Fedora looks great on you. Trump's claims of voter fraud.

He and the GOLP convinced his supporters that Joe Biden stole the election, which led to the January six insurrection a k a Q cella Maga palooza, white stock. I mean, guys, come on, if the election had been rigged, we would know by now, probably because Biden would have accidentally set it in a speech. The man has no filter. But instead, people were foolishly led to believe that they could actually stop the election from being certified. But the truth is

that was never possible. Unfortunately, I only found that out after I got maced by Capitol police inside Chuck Schumer's office. I got his mouse bad as a souvenir, though still has some chicken salad stains on it. Anyway, as I said up my bail hearing, I deeply regret my participation.

Let's move on to CRT, or critical race theory. This was a big scam spread by right wing culture warriors that suggested your kids elementary school was teaching white kids that slavery was their fault, and some parents they bought at hook line and sinker. The Western culture and values that brought forth Christianity and the founding documents are being

called evil and racist cancer. Just because I do not want critical race theory taught to my children in school does not mean that I have a racist Damn c RT is evil. If I lived in the school zone or had a kid, I would pull him out of this school forever. Oh yeah, I forgot that I was part of that too, so I got got again. But the scam that best sums up is without a doubt, Iver Mecton. It was the medicine for people who would take anything to prevent COVID except for the free and

effective vaccine that could prevent COVID. So some pretty twisted individuals took this opportunity to promote the idea that a veterinary grade horse de Wermer could prevent and treat COVID, and people fell for it so bad that pet stores even started selling out of it, which really sucks for the horses. It's bad enough humans give them names like

Daddy's Velvet and Smoky Midnight Blossom. Now people were taking all their medicine, although full disclosure, I did take some, but in my defense, it seemed like such a bad idea that it made me think maybe it wasn't a bad idea. That's how they get you sometimes. Anyway, long story short, I came down with something my vet is calling horse diarrhea. I don't know exactly what that means, because that's the clinical term. But to be honest, I've never felt so worm free and my entire your life.

So as we go into two, let's take with us the lessons we learned this year. Stay vigilant, be smart, and do your own research, but not in the crazy way. The only way to protect yourself from getting scammed is to Oh, holy sh it. Bill Gates just emailed me and he wants to send me some cash. I'm gonna be rich. Who whoo whoo. Watch The Daily Show weeknights eleven Central on Comedy Central in stream full episodes anytime on Paramount Plus. This has been a Comedy Central podcast w

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