You recognize this place, right?
You've seen it on TV.
It's Wall Street, located in Lower Manhattan,
New York City.
It's where millions of dollars in stocks
and bonds are traded every market day.
And this is the Chicago Mercantile
Exchange where they trade in
commodities like cattle and grain.
Money in its many forms,
moving from hand to hand,
all over the world -
and this is what we call "the economy."
But there's a "secret" part of the
economy that's underground
and believe it or not,
it's estimated to be worth
2 to 3 trillion dollars a year.
Yes, TRILLION.
This economy deals in bartering,
trading, and exchanging money
in untraditional ways.
When you think of the words
"underground economy" you probably
automatically assume it's made up
of illegal activity.
You might think it is drugs or prostitution.
But think again...and take a look at this.
I'm Paris, I love sneakers!
My name is Raudi.
I'm actually out here camping out
as you can see for the new Jordans
coming out tomorrow.
I do it mostly to collect.
I've been collecting sneakers my
whole life.
I actually at some point had almost
200 pairs of sneakers.
It's a sneaker culture.
Like, we all a part of it.
Every weekend there's a new
sneaker that comes out.
So we try to get as many as we can.
If I sell all of them, hopefully,
I'll probably get enough to buy a
house or something.
Because they go up in value over the years,
especially if they're brand new.
We do this basically for a living.
I've been doing this for almost
6 years now.
Currency can be anything,
including sneakers.
They're a unique part of the
underground economy.
In stores like "Sneaker Pawn" or
"Flight Club" and conventions like
"Sneaker Con" people can buy,
trade, and sell sneakers.
Meet Chase Reed,
teenage "sneaker-head" and entrepreneur.
These are so cool, these are signed.
Hi, my name is Chase.
I'm 17-years-old and I'm the owner
of the world's first sneaker pawn shop,
which I opened when I was 16-years-old.
It is the first sneaker pawn shop
in the world.
We buy and sell used and new sneakers.
We trade sneakers, we pawn sneakers,
and we also customize sneakers.
You are a man of all trades when it
comes to the sneaker game.
Yeah...yeah.
What many people don't know
is that government regulations
have actually helped to create
the underground economy.
Benefits come with a lot of regulations,
and the poor can lose these
benefits if they save too much
money in their bank accounts.
Chase's customers can buy and sell
without the interference of
government regulators.
Basically, we're a sneaker bank because
we're giving out loans and we're also
giving out cash for sneakers.
The sneaker is used as collateral for a loan.
So, people can come to us and get
money instead of having to go
to a bank or having to go through
somebody else.
They can get quick cash for their sneakers.
All right?
I'll see you later.
I'll probably be back in a
couple of days, bro.
In Chase's neighborhood,
a lot of people live below the
poverty line.
They may not be able to sell and
trade stocks on Wall Street,
but they can come into
a store like Sneaker Pawn
and exchange shoes for cash,
or take out a loan without
any need for credit.
Chase has been able to create a
successful business,
while at the same time meeting a
need within the community.
What may seem like a waste of money,
buying sneakers,
is actually a growing and vital
part of the underground economy.
Understand that underground,
what we're talking about here,
isn't illegal...just alternative.
It's a way around regulations that
prevent those receiving government
benefits from saving money.
So when people think that buying
sneakers as being trivial,
Chase knows better.
Buying sneakers is not throwing
money away, because
it's an asset just like-
just like a house would be,
just like anything you own is an asset.
The same way you trade baseball cards,
same way you buy baseball cards,
you sell 'em, same thing with sneakers.
How much are you looking for-
for these?
How much would you suggest?
So, when you take a closer look,
you can see sneakers
can be used as currency,
just like anything else.
Done right, and it can be an investment.
If you want to do the swap,
I'll do the swap.
Which ones?
I got those already.
What people don't know is that he
can save that sneaker for two years or
five years or whenever he needs money,
and he can go and sell it and come
here and get a loan for it,
or he can sell it- or he can sell
it anywhere else for $1,000,
$500...even $200 is still a good amount.
How are you doing?
This is Chase from Sneaker Pawn.
I told you they was going to sell.
I told you I had you, right?
So Chase, how much money can I really
make buying sneakers?
Oh...I'm sorry it hit my heart
right there, you felt that?
If you get 10 sneakers a week for
$200 and you sell them for $300,
and you do that for 40 releases,
you get $40,000 and that's just off
of 10 sneakers, so imagine if you get 20-
that would be $80,000,
if you get 30 sneakers-
that would be $120,000...and so on.
That's not even including the
sneakers that go for $2,000.
That's only sneakers that cost $300.
Let's do that.
You want to put it on consignment?
You can do that? Let's do that.
How long...how long...?
Whoever comes.
So...if somebody sees it on
Instagram...all right, I'll take it.
Is there a fee to put it on consignment?
No...no...
See, I'm a nice guy.
I usually like to have my sneakers
only up for 5 minutes,
hopefully they sell within the
first hour that we have them,
but the max time that I have a
sneaker on the wall is a week.
We don't let a sneaker sit on the
wall for longer than a week.
That's great in theory,
but really...how's business?
The business has already
pulled in $350,000.
And by the end of the year, hopefully,
we predict with the L.A. store
and with the 14th Street store,
we will hopefully make a million
dollars before the year is over.
Thanks a lot, man... I appreciate it.
So Sunday...right?
Hopefully...hopefully.
We're going to a sneaker show,
so hopefully by the time we get to
the sneaker show it ends up selling.
We'll probably sell it at the sneaker show,
if not tomorrow.
Or if somebody is going to rush
here before 8:00.
Hopefully.
Finding new markets,
like Chase opening up a new store,
can be lucrative.
Chase, I do remember you saying that
you were going to be a billionaire
by age 30?
30?
I said that? Me? I said 30?
I meant like 21.
I wish you luck.
But what advice do you have for
everyone out here watching?
And I think everybody has the
potential to do it.
If it wasn't for sneakers,
I'd probably be doing clothes.
There's so many things:
you can start a clothing line,
you can start a fruit business,
you could start a movie business...
you can start anything.
iPhone...you can shoot a movie
on an iPhone.
Chase figured out how to solve a
problem for his community by
tapping into a "secret" or
"underground" currency of sneakers.
His business is fully legal,
and he helps his customers while
making a living.
He simply operates in an economy
where innovative people use
alternative goods or services as
currency because they're unable to
use traditional banks.
Sneakers help people when:
1. They can't qualify for a bank loan.
2. They receive welfare,
or government assistance,
and saving is heavily regulated,
3. They're afraid to use banks for
fear of losing benefits they
rely on to make ends meet.
Sneakers make an interesting
example of how the underground
economy works.
It's how sneakers become real money.
For more infomation >> Porno video / Порно видео / Porno video (2) - Duration: 7:24. 
For more infomation >> Filmora Master 1.0 - Videobearbeitung mit AR-Tech & Spracherkennung-Voice control & AR - Duration: 3:15. 
For more infomation >> Agar.io My first video - Duration: 19:00. 
For more infomation >> NAFS KI TOPI KO MOTA KARNE KA TARIKA │SERF 1 CHEZ - Duration: 2:57. 
Không có nhận xét nào:
Đăng nhận xét