4.6 • 2.3K Ratings
🗓️ 18 November 2020
⏱️ 33 minutes
🧾️ Download transcript
At the start of the Cold War, Levi’s jeans represented everything communist governments were trying to stamp out. But Levi’s kept finding their way behind the Iron Curtain, especially into East Germany. There, people could see what they were missing just over the wall that separated them from the West. East German officials started to worry: Could a pair of pants bring down the government?
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Click on a timestamp to play from that location
0:00.0 | As a college student in the 1980s in Boise, Idaho, Eric Schrader started buying up Levi's |
0:09.3 | 501 genes, tons of them. |
0:11.3 | I would buy, I don't know, 1500 to 2000 genes a month, just at a retail store. |
0:18.7 | Eric's college roommate had clued him in on an opportunity to sell genes on the European |
0:22.7 | Black market. |
0:24.0 | All he had to do was buy some genes, stuff them in envelopes, and ship them to people in |
0:28.0 | West Germany, who could then resell them to East Germans at a major markup. |
0:32.8 | The operation was a lot more profitable than a library study job. |
0:36.5 | I had one of those. |
0:40.3 | Eric was easily quadrupling his money, but the guys he sold to in West Germany were the |
0:44.8 | ones really making a killing. |
0:47.0 | One of them told him he once got, |
0:56.4 | Levi's tried to crack down on this kind of thing. |
0:58.8 | Eric remembers the company limited the number of genes one person could buy at any one time. |
1:04.2 | But that didn't do much. |
1:05.7 | I would just pay people outside of the store to go in and buy me four to six genes, however |
1:10.7 | many they would let you buy at a time. |
1:13.3 | By the 90s, Levi's had even gotten a law passed in Europe that said only Levi's the brand |
1:18.4 | could ship new pairs of its genes overseas. |
1:20.9 | And so then we started pulling the paper tags off the new genes and putting them in an |
1:24.9 | envelope and then we put the new genes in a bail of other clothes, all folded up and |
1:30.4 | then we'd ship the huge clothes, but they were really new genes. |
... |
Transcript will be available on the free plan in -1548 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Business Insider, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Business Insider and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.