Altcoins: Brave New World Beyond Bitcoin

Part 40: Transcription, "Awan Brotherhood / Hillary's Hackers"

George Webb
The following are best-effort transcriptions of the George Webb Video Series. The series is a daily, ongoing open source investigation of HRC with researchers in #HRCRatline on twitter and facebook and trello.
Previous Notes
Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Part 8 Part 9 Part 10
Part 11 Part 12 Part 13 Part 14 Part 15 Part 16 Part 17 Part 18 Part 19 Part 20
Part 21 Part 22 Part 23 Part 24 Part 25 Part 26 Part 27 Part 28 Part 29 Part 30
Part 31 Part 32 Part 33 Part 34 Part 35 Part 36 Part 37 Part 38 Part 39  
  • CONTINUED... [Day 195.2. Hillary'Hillarys, Awan Brothers Saga Deepens, Part 2 - YouTube]
    • If you look at previous drug operations, for instance, that we ran in Iraq with David Petraeus--if you read his book again, not my book all in, he talks about half of the people that were taken in kidnappings, or or what they call "extractions" in Special Forces were done without firing a shot.
    • Now how do you go into a hostile village with all these automatic weapons and all these guards and all this Isis and so forth, and not fire a shot?
    • And the way it's done is you fly over the village with--and you spray it with a sarin like substance--this is the same testing that they did in Porton Down important down in England in the 50s, with over Norwich and other towns along the coast and seacoast they had done it under over inland towns as well but then they wanted to see how the sea mist and the sea winds and
    • So forth affected it that's why they chose some of those coastal England towns, and everybody just goes to sleep.
    • You don't go to sleep right away but it operates in your parasympathetic nervous system--you kind of nod off kind of thing now they they do it at 2:00 a.m. to 4:00 a.m. so that people are driving and so forth aren't affected, but every once a while you'll see a train driver fall asleep and stuff where they've done spraying US.
    • But when everybody's asleep you don't need to go in with a big team.
    • So if you have eight pot growers--let's say in Peebles Ohio--and this is Pike County, and their name is Rhoden.
    • There's six boys and there's two two wives, but they're all have guns they have 20 dogs and you would have to go in there with gosh 20 or 30 automatic weapons and and bulletproof vests, and if you're going to take those guys out.
    • Or you can spray em. Once you spray em, everybody goes asleep.
    • All you need is two Somali kids from a war-torn nation that have already shot seven or eight people in the head--by the time they're 13--
    • When they go in there everybody's asleep, they just they just shoot everybody in the head.
    • And that's exactly what happened in the Rhoden killings.
    • And all you need is a handler like Stevie Stevens, come down pick them up in Columbus, and then go to Pike County, and do that shooting, and that's exactly what happened in that shooting.
    • If you release the DNA evidence, Sheriff Reader, or release the tips, then we can follow up on that.
    • If in the other case, if in the Cleveland car dealer shooting, the Kuznik shooting, if they release the DNA for Stevie Stevens, and his phone records, we can see where he went a year before.
    • But if you just follow these handlers around, it'll kind of follow the kill ratlines.
    • So. We will be going to Ohio and I hope to interview Sheriff Pfizer.
    • And I would like to go to Peebles, Ohio and interview the mother, and the widow as well.
    • These are the kids were not you know Rhodes Scholars.
    • I'm not saying that, but they were growing pot. I mean it wasn't like they were running child sex rings, or any of the other stuff that's going on you know with the political class.
    • And they did not deserve to be murdered--I mean that's just ridiculous
    • So that's round two and we'll keep recording hopefully I get my PC issues challenged
    • So you won't have to look at my mug and we'll move on from there
  • [Day 195.3. Hillary's Hackers, Awan Brothers Saga Deepens, Part 3 - YouTube]
    • Okay day 9 195 part three
    • One of the things I also wanted to talk about was off, offing the expenses of ratlines on to the Government.
    • In foreign countries, what DynCorp was allowed to do is: basically use the police forces that they were training to exact taxes on the country. And so the country was actually paying for the enforcement network.
    • But then someone had the bright idea: "well why don't we make all the people involved in our ratline confidential informants? If we make them confidential informants, then we can say that it's part of national security, and then have that part of the ratline"
    • So nine-tenths of the ratline is is informants and operatives
    • So we'll just off--we'll just put those off-book as well... we'll co-op the government expenses for those as well.
    • Well if you're running a ratline in the United States, you go, "well we got the sheriff okay the government's paying for that part of the red line, couldn't we do the same thing? Couldn't we have confidential informants working anti-terrorism, and teach these folks doing some you know light surveillance just you waiting at a location till somebody shows up, and sending a text saying they're there that kind of thing low-level low-level, relay work--what they used to call relay work.
    • Well guess what? That's exactly what happened.
    • Danna Priest a great journalist from the Washington Post, did a expose called Top Secret America in 2017.
    • So we really haven't had any work on this since 2017. But what she outlined was these 2,000 private companies.
    • It's basically a retirement plan for people in the intelligence community.
    • Basically they go start a security company, and there's these massive security companies you know like the one that Snowden worked for.
    • And G4S and and these mega companies. But then they hire a whole Christmas tree of security companies below them.
    • And at the street level it could be you know you can hire a landscaper with eight lawn cutters as your security company as your ratline.
    • And again if I'm sitting at a 7-eleven, waiting for a car to show up, with a certain license plate, and then it shows up, and then I text that back to whoever, it owns my quote/unquote security company I just made you know 15 bucks an hour for two hours, it's it's 30 bucks.
    • That allows me to buy supply when it comes in
    • So it's it's also kind of a jobs program. And it's kind of an ingenious jobs program of kind of putting the cost of running the ratline on to the people of the United States, rather than paying that in reducing profit......
    • So I just thought I would throw that in, oh by the way, those number of private security companies in America through DHS Department of Homeland Security has gone from 2200, when she wrote the article up to around I think the company that was tracking it in Ohio--it was around 7,000 in 2016, or 15 maybe. I'm guessing that is the numbers around 10,000
    • Now that's 10,000 organizations not employees the number of employees I would guess is about a hundred per.
    • But no accounting black-budget DynCorp we have no idea how much money is actually being spent but why not employ your ratline? That way they have money to buy the stuff that you're bringing in.
    • Also by the way the contacts with the ax wants Awans with their ability to reach into the DHS system, would be a fantastic way of managing your ratlines.
    • You could see all your people, all your payments, where your people are, what they've earned to date, all those kind of important things.
    • And again it's it's just taking what's been done overseas with DynCorp and bringing it to the United States
  • [Day 195.4. Hillary's Hackers, Awan Brothers Saga Deepens, Part 4 - YouTube]
    • Payday 195 part 4
    • This is where I get to do corrections
    • No I was wrong: Dana Priest did Top-Secret America, one of the best series in Washington Post history.
    • The best reporting on the Intelligence Community, since the beginning of the CIA.
    • Was in 2010--Top Secret America--it was so good that Washington Post came back, and made it a--what I consider the best kind of journalism possible, where you can go on the site, with Washington Post, and interact with all the data she pulled together, and she had a couple of folks that she worked with, but Dana Priest was really the one who led the charge, and deserve that Pulitzer Prize.
    • And 2010 I think the Washington Post still has that site at because it was so good, and other research institutions continue to add to the research base that she created.
    • And as I have said in the past, I think the future of journalism is data-driven journalism, where the actual citizen journalists can interact with the data, and I'm try to do the same thing with the stuff that's created.
    • That metadata that's created from this series, with all the great research that's been done out there, I think we're up to three million words now, and all the metadata from the scraping.
    • Five Bibles plate King James Version 750 thousand words.
    • So yeah, about six Bibles, but it'll continue to grow more and more, and that's not counting the links the articles were the links point to which also have entities
    • So sometimes I don't make mistakes, sometimes I deliberately make mistakes...is what I should have said.
    • Yeah I knew Aristophanes calculated the circumference of the earth.
    • I just wanted to say Archimedes so badly, and it's a good story actually, because Archimedes was from Syracuse, Sicily, and you've got Aristophanes from where Libya is, not too far from Benghazi, in a place near modern-day Shiraz.
    • They both meet in Alexandria in Egypt, on the on the Nile, on the Mediterranean Sea.
    • So it's kind of an east-meets-west story.
    • They were contemporaries of each other.
    • So you know they're Stephanie's story now and modeling: it just shows you the power of modeling.
    • If you see the model enough, if you see enough parts of the earth, and you come up with the principle in simple terms, so that anyone in you know ninth grade math class, can recreate what you did, on any given summer solstice, or winter solstice, then you you hit on something--you've got a good principle.
    • And that's what I try to do in this series. I try to do that with, you know, showing the three-man-kill-teams.
    • I try to show that without DynCorp does with operates with sheriffs here in the US, and overseas I try to keep establishing those patterns as a matter-of-fact if you go to the home right now of Aristophanes which was in Cyrene, near Shirat, there's a modern-day slave market
    • So. In 2600 years, 2700 years I don't think we progressed that much, by having DynCorp run things.
    • On the flip side, Archimedes is known for the displacement of water--the Archimedean screw, the parabolic reflector, all these things I have to tell the story though--because it's my series, I can do what I want--of displacement, because you have the problem of a king with a crown. And a goldsmith made it for him. And they suspected the Goldsmith was mixing in silver to try to, you know up the profit a little bit.
    • It's kind of like a DynCorp contract you know, working in operatives, and calling them agents, and trying to get full pay...
    • So what they said is, "hey can you calculate how much gold should actually be in this?"
    • Well, everyone that they took it to, said, " well, you have to melt the crown down."
    • Archimedes said, "wait a minute now: if we put it in water what will happen is it'll displace the amount of water, that it's equal to the volume of the crown {{ marking the displacement line and removing the crown }}, then we'll take the water--we'll make equal volume in gold, we'll melt the gold, and we'll see if we'll put another equal amount of gold {{ to bring water up to the line...achieve the displacement }}, and we'll weigh [the crown and the 'amount of gold', displacing the same amount of water, next to] each other, that's how we'll know if it's all gold or not--very simple solution
    • I love the models, because the models then can be held up against reality and we can see what the truth really is.
    • And you're going to find this over and over again--these anomalies:
    • The Awans making $160,000 a year
    • The Awans with the passwords to Debbie Wasserman Schultz's laptop
    • The Awans getting the vault 7 hacking tools from the CIA,
    • The FBI director saying we can't release the metadata of the emails that the people of the United States owned through the Federal Records Act
    • We can't even release the metadata of your emails people of the United States of America, because it's not proof.
    • Well it doesn't matter if it's not proof, we own those emails you need to release the metadata at least of those emails doesn't matter of national security is involved or not because it was a violation of the law to plan and scheme with those emails to begin with
    • Same thing is true with all along the way here, in the investigation.
    • And these things, these models are like a litmus test, that you can apply in all situations.
    • The Kallstrom model of investigation, I call it: just "what would a common-sense investigator do?" and then compare that to the reality of what's actually happening
    • So there's a little bit of philosophy here, a little bit of history, a little bit of east-meets-west, a little bit of DynCorp motivation.
    • I think the DynCorp--if they were doing the crown...it would probably be all silver but a little bit of gold of gold plate on it
    • {{ 911:word}}
    • And that's it for round 4
  • [Day 195.5 Hillary's Hackers, Awan Brothers Saga Deepens, Part 5 - YouTube]
    • Okay day 195 part 5.
    • I'm in Plymouth Indiana on the way to Pittsburgh.
    • I won't exactly say why right now, but maybe stop in Ohio, but I don't want to be--I want to get a little element of surprise.
    • Anyway I just published to here Javed's social security number
    • Now I know what everybody's saying is, "oh my god he's a billionaire--if that's the same Tahir Javed, and he runs a ratline, and George, your dead, Pakistani ISI... okay, yeah maybe.
    • But what it's called Misprision.
    • Misprision of treason.
    • It's not "prison" I'm not mis-saying the word missed "prison".
    • It's Misprision of treason: it's against the law to not turn in or provide information to the FBI if you believe someone's committing treason or spying on the United States of America.
    • So I really don't have a choice here.
    • I'd do it anyway, but I don't really have a choice.
    • The reasons why I publish his social security number is just like the ax wands Awans: multiple Social Security numbers, multiple aliases, more than five or six houses in different states, Maryland again, Virginia again, Florida again, Pennsylvania again, it lots of overlap.
    • The two cities where we had houses before. And again, with multiple dates of issuance for the Social Security number 89 in 2002. And then they shut off the sixth social security information 2014.
    • I just don't, like you know, I can't take any chances. I'm really not taking chances for the American people--I'm taking a chance here personally probably with the billionaire's social security number.
    • But I'm not going to take chances with the American people.
    • {{ 911: translation: I'm putting my own life on the line for you. Thanks for that George. You're a hero }}
  • [Day 196.1. Hillary's Hackers, Awan Brothers Saga Deepens, Part 1 - YouTube]
    • Okay day 196 I'm going to be traveling today to Pittsburgh
    • So I'm going to not be able to get to my slides.
    • If you watch the series, you'll notice I do a lot on modus operandi basically it's saying if there's a bank robbery in town, you look at all the people who've robbed banks before, and the people who are closest are most likely to have committed that crime versus somebody lives in India--let's say if you have a robber here in Indiana.
    • I don't know why that logic can't be applied across the board. motor swap around I modus operandi--I'm pretty sure it's Latin term that's been around for over 2,000 years.
    • You've got Feta Gulen--for people who don't know him Gulen--you can google it B being involved in a terrorist organization called FETO our key NATO partner in the Middle East--our only NATO partner in the Middle East, Turkey.
    • A person who he's known in for thirty years says he is a terrorist. And his organization FETO is a terrorist organization. Where does this person live? Somewhere close to the United States? NO! In Pittsburgh near not Pittsburgh near Philadelphia... near New York near Washington DC
    • So I look at those things. Well what was the modus operandi of Feta Gulen?
    • Well he helped infiltrate governments by taking them down with the needle--meaning opioids, rather than the gun.
    • He did it in 1979--operations like Cyclone working with Pakistani intelligence.
    • He did it with in Gladio B--if you want to google that Gladio B in Central Asia again Pakistani intelligence.
    • He did it in Turkey with politicians, lawyers, key police officials, military police officials, and doctors that was the most recent attempt for a coup
    • Nowhe's doing again in the United States
    • So what I do is I just present evidence and then let people make their own decisions
  • [Day 195.2. 196.2 Hillary's Hackers, Awan Brothers Saga Deepens, Part 2 - YouTube]
    • Okay day 196
    • This is part 2.
    • Just on the subject of modus operandi and Gulen, I found a really good article.
    • So they sent me a good series by a guy named Tariq Saeeid (Saeedi), basically I didn't I've never read him before, but basically just agreed, and supported everything I said about Gulen this morning.
    • And the other thing about the CIA running these operations is--it's the same thing over and over.
    • They just change the names
    • So the next operation I'd like everybody to Google just so there's a fact base here, it's [Operation Duck Soup]()
    • So it was taking those Chinese villagers--those Hmong's to grow opium--they're the ones who basically left China, when China went communist, and Chiang kai-shek-- was Formosa now Taiwan--and they grew opium, and the opium was flown--the heroin was flown into the Demilitarized Zone during the Vietnam War.
    • And that's how the opium, or the heroin crisis started in the United States.
    • The idea was will infect the soldiers first, get them introduced to heroin, and then they'll bring it back to all the cities in the United States, and that started in 1963 with Henry Kissinger.
    • But I'm not trying to pin this on Kissinger, but and Richard Holbrooke fought it, and all that.
    • So if you want to look at operation Duck Soup. It was basically using the needle again, against the American soldier.
    • Soldiers are a great target, because they're all together in one--they're clustered at ports, you can get at them with your own doctors, and it's a captive audience.
    • And again here we are 40 years later, we're targeting soldiers again.
    • The incidence of opioids--I think coming back from the Vietnam War was about 25 percent of the folks had some form of addiction problem.
    • I think now, coming back the soldiers are--I think I saw Brian Williams with MSNBC talking about 50%. 50% of the soldiers. * How is that not duck soup? That's duck soup!
    • So that's I'm here in Toledo making my way across Ohio going to Cleveland
  • [Day 195.3 196.3. Hillary's Hackers, Awan Brothers Saga Deepens, Part 3 - YouTube]
    • Okay day 196 here near Strongsville Ohio
    • I just wanted to do an update on Gulen, and why I talked about Gulen this morning, and it's the linkage to Osama bin Laden.
    • I couldn't really do the linkage to Osama bin Laden, until I talked about Gulen, and his work in 1979, with the Mujahideen.
    • In all these revolutions, and all these coups, you need what? Infrastructure: you need an infrastructure guy, you got to make sure that you control the electrical grid, that you control the phone grid, the cell phones if the country has cell phones; the water supply, all the train routes; all the roads, and you need to put people in positions before the coup that you know control those things, the airports etc
    • So that's what I'm talking about is Gulen has done this for about 35 years now
    • And he's doing it in the United States.
    • He just tried it in Turkey
    • So, the reason why I'm going to Scranton, the reason why I'm going to Saylorsburg again, is to show this relationship
    • Now, all along the way, that's been tied to the Mujahideen.
    • The Mujahideen is the Pakistani ISI overt operations
    • So Gulen is the covert operations, and Osama bin Laden, Mujahideen, Pakistani ISI, all the same thing--is the over operations
    • So, that whole ratline I'm talking about: Pakistan to Turkey--that's that ratline I'm talking about then, in effect at least since 1979, but really the Mujahideen, really start that in Afghanistan, and then move it to Kosovo, through Albania in 1993 with Hillary.
    • So that's the connection to Hillary {{ 911:Iran-Contra / Mena AK. via "Amjad Awan" AND Huma/WeineAwans }}
    • Now the connections of the yuan brothers Awan brothers is they're Pakistani ISI, and they're being funded with the drug money from Turkey from Gulen about 90 miles away in Saylorsburg, and I'm drawing in that connection, and thickening that connection, because that's who's paying for it.
    • I did the 12 houses, I show the serial numbers tied to those 12 houses, with your Awan brothers
    • I just did Javed's 12 houses--also Pakistani ISI that's where the money is coming from
  • [Day 195.4 196.4 Hillary's Hackers, Awan Brothers Saga Deepens, Part 4 - YouTube]
    • Okay this is day 195196 part four.
    • The reason I'm here in Pittsburgh now filming this Salvation Army, was this used to be the front organizations where you could crash, if you were a CIA operative, or whatever.
    • The original Gladio program was through the Salvation Army in Eastern Europe.
    • As a matter-of-fact, Madeleine Albright's dad was a in the Salvation Army in Czechoslovakia, and that was the key resistance Gladio resistance by the CIA.
    • So much more so in the United Europe in the United States
    • So, I thought I would show that picture there.
    • And then just say that things have moved on. Now the Awan brothers, you know the Awan brothers and nicer places like this.
    • But they're safe houses all the same.
    • Barry Seal--just a little trivia--Barry Seal was shot in front of one of these in New Orleans, because he was trying to get to the safe house.
    • Barry Seal's the famous pilot who went from Mena Airport, and took weapons to Nicaragua, and then brought back cocaine.
    • And just across the street there's a City of Asylum--and it's this new form of restaurant slash bookstore, that is sort of a, oh, it would be a social justice type of restaurant book store.
    • And you can see there's a currently a nice quartet performing, and they have a little vignette that plays on video, about someone in a country where they want to harvest the oil.
    • (And you can see it's a Masonic Lodge.)
    • Instead of saying, Joe Biden and Valerie Nuland want, you know, gas and oil rights, they talk about somebody who wants to be able to talk on Facebook without restrictions and make jokes. {{ "spreading freedom"...because you know, Facebook and Twitter, Youtube, et al are so free, they are demonetizing, shadowbanning or outright deleting users like myself from their sites for their 'conservative' views that aren't. }}
    • I also thought it was interesting that the University of Denver University of Colorado Medical Center, more specifically in Denver, really pioneered organ transplantation.
    • And CIA doctors were funded through the University of Colorado in Denver.
    • And when they learn their craft, and they came here just over that hill, I don't know if you can see UPMC--the University of Pittsburgh Medical Center, but there's a famous doctor--he's a great doctor named Starzl--who did the first liver transplant at the University of Colorado Denver, and then came here.
    • And the woman I interviewed--who was a 40-year operating room nurse for the transplantation team here, at the University of Pittsburgh--told me a week ago that oil sheiks would rent out a whole floor at the University of Pittsburgh Medical Center, and get to the front of the line.
    • So that's where it's really all started. The CIA's history in organ transplantation, from an oil town. Denver, started really here in mid-80s.
  • [Day 197.1 Hillary's Hackers, Awan Brothers Saga Deepens, Part 1 - YouTube]
    • Okay day 198-- a little bit early here, in the morning so I'm a little scruffy.
    • But you see here Sally Yates is going to testify in front of Congress.
    • And all these are great opportunities, just for like a Senator Grassley to say, you know, did this Michael Flynn have any relationship with these Awan brothers.
    • We've heard a lot about these Awan brothers and these burglaries, and these threats of kidnapping, and these threats of House Intelligence or House IT staff.
    • Did the in your time as Deputy Attorney General, did anybody bring you the Awan Brothers case?
    • Did the FBI mention it? Or did any other law enforcement officials bring this to you as a concern for national security?
    • Now that there seems to be this journalist that keeps publishing these Social Security numbers, that are being used by more than one person....and these people are still employed with the House of Representatives does that bother you?
    • Or is that a subject that you believe should be investigated?
    • It seems like they own 12 houses,
    • They owned lots of car dealerships
    • Lots of home mortgage companies
    • They seem to have lots of ties to Pakistan, with businesses in Pakistan,
    • And transportation rice importation export lots of trucking,
    • And transportation refrigerated transportation
    • Are any of those telltale signs to you? With your deep expertise in law enforcement? What do you think about that Sally Yates?
    • All that they have to do is have one person mention the Awan Brothers on the congressional record, and the story breaks wide open
  • [Day 197.2. Hillary's Hackers, Awan Brothers Saga Deepens, Part 2 - YouTube]
    • Seven I think.
    • Sorry about the mistaken date earlier.
    • There's a BP across the street. Closed.
    • I'm in 1927 Railroad Avenue, so I don't know if this is 1927 or not...[knock knock knock knock knock] 1927? {{ C&DTV on mailbox }}.
    • Supposed to be a rapidly growing business. Well-financed, helping this place Pakistani folks in America.
    • Well-financed, growing rapidly. Well, Awan Brothers United.
    • It looks like it's answering the door.
    • Going to knock one more time [knocks]. Awan Brothers United. 2017 Railroad Street Wilford Lane near Carnegie no answer
  • [Day 197.3 Hillary's Hackers, Awan Brothers Saga Deepens, Part 3 - YouTube]
    • Okay day 197 part 3 stuck in traffic in Pittsburgh --So no risk here
    • A lot of people want me to comment about the doctors the doctors that had their throats cut in Boston--if I know anything about that
    • I won't say anything, because I don't know anything about the case.
    • I know about Bill Weld, and the, you know, the FBI connection to organized crime, along with the CIA.
    • Boston was kind of their Ground Zero, with the Tsarnaev brothers, and before that.
    • There's been kill teams going back all the way to that can't think of his name Bulger slimy Bulger--whatever his name was--it's a long history with FBI corruption in in Boston. Whitey. Whitey bulger. And you can just google that.
    • A lot of the scams near cash, near money have been in in the Boston area, with the various forms of Bitcoin and these Pirate Bay kind of online drug schemes.
    • It all just seems to be in Boston.
    • But I'll comment on the Dr. killings.
    • If you have a legit pain clinic and the doctor field you know was definitely a legit guy. He trained at Harvard. He is from England. He was just a really first-rate pedigree.
    • A doctor any and they start a pain management clinic. People approach them and say hey, "you'd be perfect for this--you'd give us the reputation, and the kind of gravitas we need to start a pain management clinic," and they do.
    • That's the ones you usually target. If I'm a CIA guy, I don't go after second pedigree, I go after the first pedigree.
    • And I go after guys who are divorced, that are susceptible to beautiful young women.
    • They used to say in the CIA, "everything starts with a stripper."
    • I mean you know it's kind of like, "how do you make chicken cacciatore in the Hungarian cookbook? First you steal a chicken."
    • I'm sorry I didn't mean insult Hungarians, but you know the CIA cookbook was: first you get a stripper, and then that's how I get access, and then they start getting all the pillow secrets, and then you eventually start flying them around the world.
    • When you fly them to East Africa or West Africa in this case Guinea, you take them to a place, and you introduce some of these doctors, and these struggling villages, and you build this kind of sympathy toward whatever people, and then you say, "Well hey there's this pain clinic here, or there's this factory here, they're trying to get on their feet making synthetic drugs making generic drugs--here's the drug trial for it. Here's how great it is. And let's introduce this into the pain clinic, as a substitute for whatever the other drug is."
    • And at first the doctor's like, "I don't know, but then the sex is really great."
    • And then the doctor says, "I guess we could try it, and see how it goes."
    • Then he has his first couple of ODs, because the people had to double and triple the strength of their dosage.
    • And then they get cold feet.
    • The person who killed him--let's call him Bamp--he's from Guinea.
    • You don't have doctors with...you know Bamp had the key to their their condo, their penthouse condo, 11th floor condo.
    • So Bamp somehow gets into their condo, and slices their throats.
    • Now if remember if you're JTTF, you control the media. You control the local police.
    • You can tell the local police, "here's the statement you're going to make." You give it to them, you rehearse it with them three times, then they say it.
    • If you notice on all these things, the FBI guy's not too far behind, standing right over the right shoulder of the guy, to cut in if they make any false moves.
    • And here's where you you reuse that doctor.
    • You bring in a doctor from a foreign country. The sexy hot doctor, and you know you can say whatever you want.
    • You could say she was, you know, ground up in a in a meat grinder
    • Now I'm not saying this girl Dr. B is in that category, but I'm just saying if you want to run an operation--that's how you do it.
    • You don't kill off your Golden Goose: it keeps getting you new doctors in your pain clinics.
    • You just move them to different countries, and then you do it all over again change their name change your identity.
  • [197.4 Hillary's Hackers, Awan Brothers Saga Deepens, Part 4 - YouTube]
    • Ok day 195 here (no it's 197) in historic Deutschtown in Pittsburg
    • As you can see, there's kind of a large area here which is kind of a plaza which is nice
    • But this street has really beautiful brickwork all along this street, it's kind of a rejuvenated neighborhood.
    • Allegheny General--the hospital--is right down there, so it's Pittsburg's known for it's hip replacements because it has all these hills and older folks getting in and out of the driveways and so forth.
    • But I don't want to talk about that. I want to talk about the Military-Industrial-Complex--do you see the transition there.
    ANd the last person who challened you was Cynthia McKinney in 2004. She said, "hey what about this budget--what about this
    Then you got knocked out of Congress, then no one would want to challenge anybody. And that's what's happened
    has challenged the MIC. Cynthia Mckinney being the last person.
  • [197.5 Hillary's Hackers, Awan Brothers Saga Deepens, Part 5 - YouTube]
    • Okay here in Deuschtown Day 197 in Pittsburgh part five.
    • This isn't doesn't relate directly, but this is an awfully pretty street here on Ohio Street
    • 435 is where the post office is. General store and then farmer's daughter right here.
    • That style of brickwork is called Spanish or Mediterranean Revival.
    • The reason why I focused on Jeff Sessions and the Judicial Minister that he's meeting with today is: he's met with him twice before.
    • Once in February, once in March, and they've asked for his extradition twice.
    • Of course Erdrogan has the one of the largest intelligence office services in NATO, and if he starts putting Gulen on trial, lots of information will come out of it.
    • Just like the metadata for the emails it's going to be a treasure trove for investigators
    • And so that's why I focus so much on Gulen and his extradition
    • So that's the follow-up there, and we'll keep on the story we'll keep on all the stories keep generating metadata keep generating links because all those go into our big metadata project that we have with Maltego
submitted by 911bodysnatchers322 to TruthLeaks [link] [comments]

Subreddit Stats: Economics top posts from 2016-12-11 to 2017-12-10 14:09 PDT

Period: 363.96 days
Submissions Comments
Total 998 124701
Rate (per day) 2.74 341.28
Unique Redditors 447 16507
Combined Score 499738 904919

Top Submitters' Top Submissions

  1. 24425 points, 17 submissions: speckz
    1. At $75,560, housing a prisoner in California now costs more than a year at Harvard (5125 points, 597 comments)
    2. America’s Lost Einsteins - Millions of children from poor families who excel in math and science rarely live up to their potential—and that hurts everyone. (3231 points, 440 comments)
    3. One in five American households have ‘zero or negative’ wealth (2951 points, 619 comments)
    4. Escaping Poverty Requires Almost 20 Years With Nearly Nothing Going Wrong. The MIT economist Peter Temin argues that economic inequality results in two distinct classes. And only one of them has any power. (2717 points, 631 comments)
    5. After decades of pushing bachelor’s degrees, U.S. needs more tradespeople (2386 points, 587 comments)
    6. The world’s most valuable resource is no longer oil, but data (2200 points, 198 comments)
    7. Employees Who Stay In Companies Longer Than Two Years Get Paid 50% Less (1873 points, 260 comments)
    8. Student Loan Debt Is Now As Big as the U.S. Junk Market (1392 points, 380 comments)
    9. The tech sector is leaving the rest of the US economy in its dust (614 points, 235 comments)
    10. The Countries Most (and Least) Likely to be Affected by Automation. Japan is at the top with 55.7% while the US is at 45.8%. (532 points, 138 comments)
  2. 19191 points, 26 submissions: jimrosenz
    1. Warren Buffett wins $1M bet made a decade ago that the S&P 500 stock index would outperform hedge funds (7205 points, 402 comments)
    2. The Gender Pay Gap Is Largely Because of Motherhood (3325 points, 661 comments)
    3. 'Negligible' link between executive pay and firm's performance, says study (1561 points, 165 comments)
    4. We need to challenge the myth that the rich are specially-talented wealth creators (1231 points, 552 comments)
    5. Will MySpace ever lose its monopoly? (2007) (1219 points, 193 comments)
    6. Should the Government Bring Back Trust-Busting? (1093 points, 201 comments)
    7. Economics isn't a bogus science — we just don't use it correctly (625 points, 176 comments)
    8. ‘Exclusionary zoning’ is opportunity hoarding by upper middle class (559 points, 240 comments)
    9. Index Funds Are Great for Investors, Risky for Corporate Governance (358 points, 75 comments)
    10. Milton Friedman's Cherished Theory Is Laid to Rest (324 points, 156 comments)
  3. 15893 points, 26 submissions: ghostofpennwast
    1. Student Debt Is a Major Reason Millennials Aren't Buying Homes (2228 points, 487 comments)
    2. Americans Are Paying $38 to Collect $1 of Student Debt (1598 points, 150 comments)
    3. Report: America’s marijuana industry headed for $24 billion by 2025 (1350 points, 74 comments)
    4. Solar Power Will Kill Coal Faster Than You Think (1336 points, 243 comments)
    5. Saudi Arabia signals end of tax-free living as oil revenues slump (1013 points, 264 comments)
    6. One-third of Americans say they’d have trouble coming up with an emergency $2,000 (979 points, 346 comments)
    7. Trump Seeks $3.6 Trillion in Spending Cuts to Reshape Government (977 points, 652 comments)
    8. Indian American community richest with median household income of $103,821 (846 points, 201 comments)
    9. Foreigners snap up record number of US homes (825 points, 363 comments)
    10. More Americans Are Falling Behind on Student Loans, and Nobody Quite Knows Why (679 points, 526 comments)
  4. 13354 points, 31 submissions: Splenda
    1. Study: The richest families in Florence in 1427 are still the richest families in Florence (5678 points, 501 comments)
    2. Handing Out Tax Breaks to Businesses Is Worse Than Useless: Study exposes the futility of the $45 billion that states spend on economic development incentives. (1410 points, 120 comments)
    3. The Never-Ending Foreclosure: How can the country survive the next economic crash if millions of families still haven't recovered from the last one? (1061 points, 331 comments)
    4. Memo To Steven Mnuchin: Trump's Tax Plan Would Add $7 Trillion To The Debt Over 10 Years (950 points, 317 comments)
    5. Rural America Is Aging and Shrinking (414 points, 364 comments)
    6. This Is What a Real Middle-Class Tax Cut Would Look Like (387 points, 252 comments)
    7. The coming battle between the Trump team and economists over the true cost of climate change (290 points, 102 comments)
    8. Here’s One Scary Way Trump’s Team Could Manipulate Government Data: It has plans to recalculate the social cost of carbon, which has been called “the most important number you’ve never heard of.” (256 points, 29 comments)
    9. Hot and Violent: Researchers have begun to understand the economic and social damage caused by climate change. (238 points, 90 comments)
    10. How Wall Street Once Killed the U.S. Solar Industry… and how it could happen again. (238 points, 53 comments)
  5. 12703 points, 31 submissions: DoremusJessup
    1. U.S. Wage Disparity Took Another Turn for the Worse Last Year: The rich-poor pay gap is getting wider (1307 points, 323 comments)
    2. European Union finance ministers agreed on Tuesday to close loopholes multinational corporations use to skip taxation on dividends, part of a drive to stop them from parking profits where they pay the least tax (1063 points, 131 comments)
    3. Trump Plan to Slash LLC Rate Is Boon for Top Earners: Cutting pass-through rate to 15% could cost $2 trillion; Top 1% would get tax cut of $76,000 - Tax Policy Center (1046 points, 216 comments)
    4. Robots Are Slashing U.S. Wages and Worsening Pay Inequality: Robots have a real impact on jobs and wages, new research shows (1014 points, 391 comments)
    5. US Adds 156K Jobs; Unemployment Rate Ticks up to 4.7 Pct. Hourly pay jumped 2.9 percent from a year earlier, the biggest increase in more than seven years (883 points, 350 comments)
    6. Norway's sovereign wealth fund, the world's largest, on Friday called for a cap on executive pay and fiscal transparency at the companies in which it invests, further buffing its reputation as an ethical investor (846 points, 78 comments)
    7. U.S. payrolls increase more than expected, wages rise (842 points, 142 comments)
    8. America’s Biggest Creditors Dump Treasuries in Warning to Trump (838 points, 309 comments)
    9. Unemployment in the U.S. Is Falling, So Why Isn’t Pay Rising? (571 points, 228 comments)
    10. Citigroup on Thursday became the first-ever bank to get hit with civil "spoofing charges," after U.S. derivatives regulators said one of its units entered U.S. Treasury futures market orders with the intent of canceling them (511 points, 46 comments)
  6. 12274 points, 1 submission: CADBP
    1. Freakonomics: You're twice as likely to go from low to high income in Canada than in the USA (12274 points, 809 comments)
  7. 11930 points, 4 submissions: trot-trot
    1. Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say (11060 points, 1329 comments)
    2. Libor: Bank of England implicated in secret recording (517 points, 9 comments)
    3. 'These Boots are Made for Walking': Why Most Divorce Filers are Women (273 points, 268 comments)
    4. This Is Le Pen's Plan to Break Up the Euro (80 points, 11 comments)
  8. 11267 points, 16 submissions: unimployed
    1. Basically every problem in the US economy is because companies have too much power, new research argues (7086 points, 372 comments)
    2. The Fraternity Paradox: Lower GPA, Higher Incomes (1440 points, 319 comments)
    3. The Real Reason the U.S. Has Employer-Sponsored Health Insurance (566 points, 95 comments)
    4. US opioid crisis holds back jobs market recovery, says study (563 points, 74 comments)
    5. An important shift in the job market makes the mystery of weak wage growth less puzzling (345 points, 62 comments)
    6. The Economics and Politics Of Flooding and Insurance (266 points, 56 comments)
    7. Economic models are broken, and economists have wildly different ideas about how to fix them (198 points, 130 comments)
    8. Most Americans live paycheck to paycheck (128 points, 56 comments)
    9. Trump preparing withdrawal from South Korea trade deal (97 points, 46 comments)
    10. The Incredible Shrinking Corporate Tax Bill (93 points, 24 comments)
  9. 9635 points, 17 submissions: lingben
    1. I’m a Depression historian. The GOP tax bill is straight out of 1929 (2907 points, 577 comments)
    2. 35 of 37 economists said Trump was wrong. The other two misread the question. (2127 points, 198 comments)
    3. CEOs agree: Corporate tax cuts won't trickle down (738 points, 301 comments)
    4. Trump's Numbers Guy Isn't Great With Numbers (662 points, 111 comments)
    5. Trumponomics Gets The Thumbs Down From Nobel-Winning Economists (563 points, 268 comments)
    6. If Everyone Is So Confident, Why Aren’t They Borrowing? (466 points, 179 comments)
    7. Economists Have No Use for Republican Tax Cuts (447 points, 180 comments)
    8. Corruption Is Still a Problem Ten Months After India's Cash Ban (412 points, 39 comments)
    9. Should the rich be taxed more? (352 points, 554 comments)
    10. Trump Administration Considers Change in Calculating U.S. Trade Deficit (208 points, 19 comments)
  10. 9371 points, 1 submission: RegressToTheMean
    1. Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan (9371 points, 848 comments)
  11. 8887 points, 39 submissions: mberre
    1. Japan logs longest phase of growth in 16 years (846 points, 76 comments)
    2. British Employers Begin To See A Pre-Brexit Exit Of Foreign Workers (746 points, 268 comments)
    3. US unemployment falls to 10-year low (602 points, 228 comments)
    4. U.S. new home sales fall to seven-month low (546 points, 242 comments)
    5. US deficit rises to 2008 levels (538 points, 91 comments)
    6. Iceland to end capital controls from 2008 financial crisis - BBC News (463 points, 48 comments)
    7. Swiss say goodbye to banking secrecy (450 points, 122 comments)
    8. Pew Research: In a Recovering Market, Homeownership Rates Are Down Sharply for Blacks, Young Adults (439 points, 183 comments)
    9. UK wealth gap 'widening over past decade' says report - BBC News (429 points, 182 comments)
    10. Fed's Williams calls for global rethink of monetary policy (387 points, 158 comments)
  12. 7956 points, 6 submissions: johnmountain
    1. Martin Schulz to Trump: Dropping Paris agreement means no trade talks -- ‘Whoever wants to have access to our market needs to respect the European standards,’ Schulz says. (6708 points, 1020 comments)
    2. Paul Krugman in 1998: Internet’s Economic Impact No Greater Than Fax Machine (710 points, 261 comments)
    3. Without Power to Run A.T.M.s, Puerto Rico Is Cash Only (210 points, 15 comments)
    4. A basic income could boost the US economy by $2.5 trillion (150 points, 165 comments)
    5. America's housing inventory crisis is causing home prices to rise at double the rate of a 'normal' market (91 points, 15 comments)
    6. Why Do Cities Become Unaffordable? (87 points, 117 comments)
  13. 6952 points, 2 submissions: mjanes
    1. The U.S. Has Forgotten How to Do Infrastructure: The nation once built things fast and cheaply. Now experts are puzzled why costs are higher and projects take longer than in other countries. (5056 points, 575 comments)
    2. Reaganomics killed America’s middle class (1896 points, 468 comments)
  14. 6290 points, 2 submissions: Nolagamer
    1. 37 of 38 economists said the GOP tax plans would grow the debt. The 38th misread the question. (5268 points, 473 comments)
    2. Opioid crisis: Nearly half of working-age American men who are out of the labor force are using painkillers daily (1022 points, 137 comments)
  15. 5852 points, 7 submissions: PinkSlimeIsPeople
    1. Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds (3816 points, 352 comments)
    2. You're not imagining it: the rich really are hoarding economic growth (841 points, 546 comments)
    3. Vast Majority of Americans Would Likely Lose From Senate GOP’s $1.5 Trillion in Tax Cuts, Once They’re Paid For (347 points, 128 comments)
    4. Commentary: Signs Suggest Trump Budget Will Feature Unprecedented Cuts Plus Large Tax Cuts Favoring Wealthy (323 points, 212 comments)
    5. Eight Market-Oriented Proposals That Reduce Income Inequality (304 points, 280 comments)
    6. Republicans’ tax plan gives the top 1 percent of households a $207,000 tax cut; Bottom 20 percent get $50 (163 points, 154 comments)
    7. Eliminating Two ACA Medicare Taxes Means Huge Tax Cuts for High Earners and the Wealthy (58 points, 67 comments)
  16. 5489 points, 10 submissions: pipsdontsqueak
    1. Americans want U.S. goods, but not willing to pay more: Reuters/Ipsos poll (1219 points, 461 comments)
    2. After a Tax Crackdown, Apple Found a New Shelter for Its Profits (1216 points, 221 comments)
    3. Fed raises rates for third time since the recession (716 points, 170 comments)
    4. U.S. moves to impose tariffs of as much as 219 percent on Canadian jet maker, siding with Boeing (672 points, 120 comments)
    5. Bitcoin hits all-time high after CME Group says to launch futures (637 points, 365 comments)
    6. Trump Is Expected to Name Jerome Powell as Next Fed Chairman (451 points, 58 comments)
    7. Awaiting Trump's coal comeback, miners reject retraining (202 points, 118 comments)
    8. Republicans to propose keeping top tax rate for very wealthy, nodding to concerns (202 points, 63 comments)
    9. Experian fined $3M over 'inaccurate' credit scores (97 points, 3 comments)
    10. Paradise Papers: Apple's secret tax bolthole revealed (77 points, 8 comments)
  17. 5133 points, 2 submissions: MaxGhenis
    1. Something missing from Trump's Cabinet: Economists (4128 points, 575 comments)
    2. San Francisco Bans Salary History Questions (1005 points, 243 comments)
  18. 4744 points, 16 submissions: InvisibleTextArea
    1. New Zealand bans foreign home buyers (1744 points, 533 comments)
    2. EU Audit Admits Greek Bailouts Didn't Go as Planned (811 points, 291 comments)
    3. Renters in the UK spend average of 62 per cent of income on rent (627 points, 104 comments)
    4. Venezuela pulls most common banknote from circulation to 'beat mafia' (369 points, 80 comments)
    5. Yet again, today’s politicians are ignoring basic economics (166 points, 111 comments)
    6. The next crash risk is hiding in plain sight (159 points, 36 comments)
    7. After Universal Basic Income, The Flood (143 points, 118 comments)
    8. Slow economic growth is not the new normal, it's the old norm (124 points, 117 comments)
    9. Cryptoeconomics 101 (88 points, 9 comments)
    10. Of productivity in France and in Germany (85 points, 19 comments)
  19. 4258 points, 16 submissions: kludgeocracy
    1. How Corporations and the Wealthy Avoid Taxes (and How to Stop Them) (787 points, 296 comments)
    2. How “Shareholder Value” is Killing Innovation (637 points, 217 comments)
    3. Capitalism Can Thrive Without Cooking the Planet (547 points, 296 comments)
    4. American builders’ productivity has plunged by half since the late 1960s (519 points, 112 comments)
    5. There's a $136,400 reason so many Americans feel they haven't made economic progress (470 points, 186 comments)
    6. What Happened When 18 States Raised Their Minimum Wage? (242 points, 189 comments)
    7. Democrats just united on a $15-an-hour minimum wage (208 points, 252 comments)
    8. Avoiding Payday Loans Makes the Poor Richer (201 points, 44 comments)
    9. Maybe We’ve Been Thinking About the Productivity Slump All Wrong (167 points, 92 comments)
    10. Researchers have answered a big question about the decline of the middle class (95 points, 50 comments)

Top Commenters

  1. tcoop6231 (6607 points, 678 comments)
  2. SmokingPuffin (5048 points, 544 comments)
  3. MasterBerter (4931 points, 369 comments)
  4. louieanderson (4560 points, 710 comments)
  5. autotldr (3551 points, 333 comments)
  6. TitaniumDragon (3202 points, 693 comments)
  7. Adam_df (3193 points, 611 comments)
  8. HTownian25 (3165 points, 392 comments)
  9. slash196 (3002 points, 284 comments)
  10. thewimsey (2932 points, 534 comments)
  11. MELBOT87 (2835 points, 187 comments)
  12. HeFlipYa (2819 points, 380 comments)
  13. Ponderay (2809 points, 198 comments)
  14. Mylon (2732 points, 510 comments)
  15. ucstruct (2729 points, 241 comments)
  16. bartink (2473 points, 645 comments)
  17. throwittomebro (2360 points, 490 comments)
  18. holy_rollers (2318 points, 211 comments)
  19. Lando_Calrissian (2314 points, 14 comments)
  20. bokabo (2250 points, 487 comments)
  21. skatastic57 (2212 points, 284 comments)
  22. bobmarles3 (2179 points, 189 comments)
  23. Splenda (2159 points, 366 comments)
  24. mwatwe01 (2133 points, 34 comments)
  25. UpsideVII (2120 points, 171 comments)
  26. sunflowerfly (2032 points, 178 comments)
  27. OliverSparrow (2002 points, 362 comments)
  28. Rookwood (1965 points, 297 comments)
  29. besttrousers (1948 points, 181 comments)
  30. sethstorm (1928 points, 880 comments)
  31. roboczar (1899 points, 133 comments)
  32. HumanKapital_ (1889 points, 404 comments)
  33. itsreaditpeople (1887 points, 13 comments)
  34. cd411 (1880 points, 62 comments)
  35. brberg (1841 points, 287 comments)
  36. Brad_Wesley (1811 points, 183 comments)
  37. DrSandbags (1772 points, 164 comments)
  38. DefendedCobra29 (1727 points, 27 comments)
  39. Uptons_BJs (1660 points, 70 comments)
  40. TracyMorganFreeman (1655 points, 628 comments)
  41. whyrat (1652 points, 110 comments)
  42. FweeSpeech (1648 points, 68 comments)
  43. darwin2500 (1635 points, 229 comments)
  44. Holophonist (1612 points, 247 comments)
  45. Nolagamer (1569 points, 272 comments)
  46. Dave1mo1 (1553 points, 171 comments)
  47. WordSalad11 (1546 points, 167 comments)
  48. HeTalksToComputers (1511 points, 141 comments)
  49. number676766 (1475 points, 7 comments)
  50. matty_a (1445 points, 1 comment)

Top Submissions

  1. Freakonomics: You're twice as likely to go from low to high income in Canada than in the USA by CADBP (12274 points, 809 comments)
  2. Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say by trot-trot (11060 points, 1329 comments)
  3. Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan by RegressToTheMean (9371 points, 848 comments)
  4. Warren Buffett wins $1M bet made a decade ago that the S&P 500 stock index would outperform hedge funds by jimrosenz (7205 points, 402 comments)
  5. Basically every problem in the US economy is because companies have too much power, new research argues by unimployed (7086 points, 372 comments)
  6. Martin Schulz to Trump: Dropping Paris agreement means no trade talks -- ‘Whoever wants to have access to our market needs to respect the European standards,’ Schulz says. by johnmountain (6708 points, 1020 comments)
  7. Study: The richest families in Florence in 1427 are still the richest families in Florence by Splenda (5678 points, 501 comments)
  8. Warren Buffett declared victory Saturday in his decade-long, $1 million bet that low-cost index funds would out earn more expensive hedge funds by deleted (5318 points, 311 comments)
  9. 37 of 38 economists said the GOP tax plans would grow the debt. The 38th misread the question. by Nolagamer (5268 points, 473 comments)
  10. At $75,560, housing a prisoner in California now costs more than a year at Harvard by speckz (5125 points, 597 comments)

Top Comments

  1. 1760 points: itsreaditpeople's comment in Freakonomics: You're twice as likely to go from low to high income in Canada than in the USA
  2. 1678 points: mwatwe01's comment in Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say
  3. 1445 points: matty_a's comment in Trump Administration Rolls Back Protections for People in Default on Student Loans
  4. 1411 points: electrik_wizard's comment in The U.S. Has Forgotten How to Do Infrastructure: The nation once built things fast and cheaply. Now experts are puzzled why costs are higher and projects take longer than in other countries.
  5. 1326 points: number676766's comment in Something missing from Trump's Cabinet: Economists
  6. 1314 points: Lando_Calrissian's comment in Trump names Japan a currency manipulator
  7. 1201 points: DefendedCobra29's comment in Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan
  8. 1004 points: kristopolous's comment in Reaganomics killed America’s middle class
  9. 1000 points: TheWhitestOrca's comment in Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan
  10. 983 points: BmoreIntelligent's comment in The Fraternity Paradox: Lower GPA, Higher Incomes
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

[Table] IAmA: I'm Patrick Byrne, a pro-freedom supporter of cryptocurrency and school vouchers, early critic of Wall Street, three time cancer survivor, journalist at DeepCapture.com, and CEO and founder of Overstock.com. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-05-02
Link to submission (Has self-text)
Questions Answers
What would you say to other CEOs and decision makers who are hesitant to utilize bitcoin? It depends upon what their hesitancy is.
There are business reasons to do it: save on transaction fees, eliminate fraud and charebacks, etc. There may be business reasons not to do it as well, such as the risk of volatility (but this concern can be obviated by trading out of Bitcoin immediately upon receipt, a service that the firms like Bitpay, Coinapult, and Coinbase all offer, I believe).
But if they are pro-freedom, they should want to get behind it on principle alone. Ghandi said, "Be the change you wish to see in the world."
Hi Patrick, do you have any thoughts on where the economy is heading? Are we truly in a recovery as the powers that be suggest? Do you have examples you see in business that say one way or the other? No we are not in a recovery. We have re-inflated a bubble and called it a recovery.
The government lies to us about the stats. Think of it this way: assume Alleged GDP (that is, "Nominal GDP") is growing at 3%. Inflation is calcualted to be 2%. So Real GDP is growing 3% - 2% = 1%. That is the basic equation. However, what if they are lying about inflation? Imagine it were really 5%? Then the truth, God's-eye-only view would be 3% - 5% = -2%. That is, if inflation is understated, then growth is overstated. I think this is likely the case. I think we are in a shallow dive that they are trying to make look like a level or small climb. See John Williams' site Shadow Government Statistics for more.
The Fed's policies are all about driving up asset prices (homes, stocks) in order to create a wealth effect. Your 401k goes from being worth $300,000 to $500,000. You think, "Gosh I made $200,000! I'll go out and spend $50,000 of it."
The Snoop Dogg Overstock commercial was awesome! When can we expect to see more ads from him? Thanks. It was even more fun hanging out with the guy for four hours. He is one smaaart dude. He asked me more intelligent questions about our business than any of the 80 or so VCs with whom I ever dealt. No kidding.
Also, he rolls a mean cigar.
Shouldn't the government be spending our tax dollars on putting wall street guys who caused the financial crisis in jail (instead of making them pay fines) ? Not one of them has ever been criminally convicted. But I do think the government should put more resources into policing Wall Street. The last I checked, the SEC budget was about $800 million. I think it was around the size of the budget for the Denver police force. It should be about 10X that. However, they should unplug the SEC and ship it to the DOJ. The only thing that scares these guys on Wall Street is an orange jumpsuit, and only the DOJ can issue those.
Patrick, What was your evolution toward being "pro-freedom" like? Were you always so? Was there some event that turned you in that direction? I grew up in New England and thought of myself as a Yankee Republican. Then the Republicans went crazy getting worked up over things that are none of the government's damn business. The old man with whom i sued to build stone walls in Vermont, Earl Barre, taught me that government should pave the roads, run the Post Office, and stay the hell off my porch. I think he must roll over in his grave to see the kinds of things Republicans care about today.
My friend, mentor, and teacher Milton Friedman used to say, "I'm a small-l libertarian and a small-r republican." Sounds right.
PS Thanks for seizing the term. We have a lot of people in our society who call themselves "progressives". If they can hijack the word "progress" I can hijack the word "freedom".
Hello Patrick, Thank you for doing this. Do you know when Overstock.com will be accepting bitcoin for international shipment? I've been waiting this for months! (I'm in Canada) Working on it now. Phase II was getting so we could issue credits back in Bitcoin. I think it came live last week. Phase III will be accepting it internationally. Should happen late summer +/-.
Hi Patrick! You've gotten a lot of praise for accepting Bitcoin, I think its great. But I'm curious what you've found to be the biggest challenge or drawback with accepting this new form of currency. What is something new merchents need to keep in mind before accepting bitcoin? It has been unbelievably seamless.
Coinbase made it easy. But Bitpay and Coinapult do as well, I hear.
Once integrated, it has not demanded an ounce of effort.
Where do you see Bitcoin in 1 year? What about 5? Or 10? I have no theories as to valuation.
Adoption... I would imagine SpaceCash (of one flavor or another) will gradually increase until you see 2-3% of transactions occur within it. If that day ever comes, it will leap quickly to 15-30%. (Lots of things are like that in life, rates of HIV infection in the adult population being one of them, for example.)
What percentage of transactions (# or revenue) are paid for in Bitcoin on Overstock.com? Tiny. <.1%
Did you ever reveal who the "Sith Lord" is??? Inquiring minds want to know! It was an amalgam of two people. 1) Steven A. Cohen of SAC Capital (hence, all my references to "someday I am going to sack up and tell the world...")
2) Michael Milken, who, I believe, is the Hannibal Lecter of the financial world. Read Den of Thieves. Since he was let out of prison (on his 98 count indictment) he spent a lot of money burnishing his image, but he is a really bad guy.
Is naked short selling still a problem? What do you see currently as the biggest risks to our financial system? "Is naked short selling still a problem? " Not so much, or at least, not as obviously as previously.
"What do you see currently as the biggest risks to our financial system?" Chains of title. You think you own something because you have some paperwork that says you do. However, in the central clearing systems of our economy there is slop. The slop was designed in as a way of providing fault tolerance. However, crooks figured out how to game that slop and create circumstances where more than one person thinks he owns the same thing.
Fractional reserve banking without a reserve requirement.
Nice to see you on Reddit, Mr. Byrne. I like Schiff. Opponents say, "Even a broken watch is right twice per day." But he shares my Austrian views.
Here is my question. Peter Schiff and many others think that a collapse of the dollar is imminent. What do you think about that? And what impact this collapse will have on digital currencies like Bitcoin? Yogi Berra said something to the effect, "Anything that cannot go on forever won't." We are living on borrowed time in many ways. However, it is like seeing a bridge built for 10 cars, that now has 80 driving across it. Will it collapse? I have no idea. I thought it would ahve collapsed at 20.
Did you have better experiences at Stanford, Cambridge, or Dartmouth? Which school influenced you the most, both culturally and intellectually? The day I got to Dartmouth I swore to myself that while I was there I would never enter a church, a party, or a fraternity. never did. Never had a single beer with anyone in college, went to a party, anything. I was a total grind. I did play football two years, then split, went to Asia, mucked around, came back just to graduate.
Cambridge - Marshall Fellow - Did a Master's in moral philosophy but was mostly an invalid, and spent my time with a handful of people, just reading for two years. Was in the uber-Lefty envornment of King's College (where the British traitors come from). When I got there I was Left-Curious, but when I split I was into Sowell and Milton Friedman.
Stanford - PhD They were great to me. I was an invalid there as well for much of the experience. Started in mathematical logic, ended up doing stuff in development economics, jurisprudence, and political philosophy. As a grad student my major influences were the other grad students, with whom one forms close bonds. Martin Jones (Oberlin?) and Taylor Carmen (Barnard?). Ask them.
What convinced you to damn the torpedoes and what other examples, successful or not, can you give of this full speed ahead orientation with respect to your life? So that has focused my mind tremendously. Lot of things I want to get done, and none of them have to do with knuckling under to the Combine. In fact, they largely have to do with blowing up the Combine. (Gold star to the first who can say where the expression "Combine" comes from.)
Combine = "Our Benefactors" in the half-life universe. HL3 confirmed! One Flew Over the Cuckoo's Nest.
Organised crime on Wall St -- Can you elaborate? Yes. Wall Street started to be infiltrated by Organized Crime. It sttarted with Michael Steinhardt in the 1970's (his dad, Sol Steinhardt, was the biggest Mob fence in America, and went to Sing Sing, from whence he put his son Michael through Wharton, who then started what was arguably the first hedge fund in 1968, funded over time by cash from his dad's cronies.)
Google "Operation Uptick": the largest Mob arrest in US history was 120 goons from around Wall Street.
The Gambinos and Genovese fought over Wall Street in the 1990s. The Genovese won. Wherever Genovese are, there is Russian Orgnized Crime (the Genovese sponsored the Russian OC into the US like you or I would sponsor a family from Laos). See "Red Mafiya."
Anywhere you see "bucket shops" you are seeing OC.
I also work as an editor and journalist at DeepCapture.com, which explores this subject in hundreds of posts.
Mr. Byrne, No opinion on such companies.
What is your take on companies that operate solely in Bitcoin (i.e. Blockchain, Bitcoinstore.com, etc)? Are you offering your employees to take a percentage of their salary in Bitcoin? Not offering it to employees yet, but there is always the year-end bonus to consider!
Thank you for doing this AMA, and thank you for your activism and conviction you have shown over the years! Hindsight is 20/20, what is one decision that you would make, or wouldnt make, if you had to start Overstock.com all over again? When someone is dishonest, do not try to cajole or coach them. Get rid of him.
Hello patrick first i will like to say thank you for all you do. i have 3 questions 1. who are your favorite philosopher's and what book on philosophy do you recommened for enlightenment? Who are your favorite philosopher's and what book on philosophy do you recommened for enlightenment?
I admire tesla as a person and for his work, have you heard of the keshe foundation? where do you stand on free energy? I admire tesla as a person and for his work, have you heard of the keshe foundation? where do you stand on free energy? NO THOGHTS.
Will the criminal cabal who runs the united corporation of america fail? Will the criminal cabal who runs the united corporation of america fail? I'M WORKING ON IT, I'M WORKING ON IT.
I'm a computer programmer, so I'd like to ask a technical question if it's not a secret - what do you use for source control? Ironically enough: Subversion.
As a successful entrepreneur, what advice would you give to someone just starting up their own (tech) company? Calculate how much capital it is going to take to start your business, and how many years. Then square both those numbers.
I'd like to thank you for the nice red lounge chairs I got from Overstock. I was able to get a good price for them at a garage sale later. My question is how do you ensure a stable inherent value in cryptocurrency? Unlike Gold, which is a tangible thing, or a Federal Reserve Note which has value simply because the government says it does, with something like Bitcoin how can it retain value and trust without some "official" endorsement and tie in to a national currency? - if you DID tie it to something like the dollar.. then what would be the point? Right. Some say that Bitcoin is a figment of someone's imagination. But as I said on Fox or CNN or something recently (search my name on Youtube, you'll find it), I would be happy to debate the metaphysical properties of Bitcoin versus whatever the metaphysical properties are of those 65 billion figments Janet Yellen createde last month.
An opponent would say that those 65 billion figments are backed by the taxing authority of the US government. To which I respond: But if that taxing authority is tapped out (which it obviously is, otherwise we would not be in the fiscal state we are as a country) then those 65 billion things are backed by... nothing. At least there are a limited number of Bitcoin figments!
You have previously mentioned in a interview with Forbes that you are very intersted in a "Bitcoin version of the stock market" and having the ability to conduct more than just simple transactions via a blockchain. I am a bit confused about what you are asking. My fight with Wall Street came about because I became convinced in 2004 that the market's mechanisms for clearing and settling trades had been corrupted by bad elements. It all started there. Hence, the peer-to-peer aspect of Bitcoin et. al. deeply attracats me.
NXT - the first second generation cryptocurrency is doing this with it's new features being launched in the upcoming weeks and months. Have you looked into it and / or considered accepting it for overstock? I do not know NXT, but I am interested in finding (and even potentially investing in) efforts to create a peer-to-peer capital market. In fact, if a good solution emerges, you might even see Overstock be the first issuer of a stock or bond in such a market, just to help things get going! (Incidentally, we were the first to do a Dutch auction IPO, for precisely that reason.)
Clearly bitcoin has the potential to rid the world of much corruption. Have you thought of publicly endorsing it in this manner. Because most people do not understand the countless benefits that this technology has to offer to our society. All our new commercials end with a "Now Accepting Bitcoin" under the logo. Look for them.
Your top executives (Stormy Simon, Johnathan Johnson, Dave Nielsen) make $350K a year in salary, while Amazon pays their around $160K. This information is made public in SEC fillings. How is your executive compensation determined? One must look at cash and non-cash together.
When and from whom have you first heard of Bitcoin, and what was your first reaction? About two years ago I read a short piece about it in Wired, or Fast Company (perhaps). It struck a bell, from my computation studies at Stanford. I was also struck by how it has properties similar to gold's.
Edit: I also want to thank you for pioneering the way with cryptocurrencies and exposing Wallstreet corruption. Your work is very much needed and greatly appreciated! However, I think the crowdfunding movement is spectacular, and might be considered as well.
You mentioned the term bust out in your presentation on Ecomonic Warfare. You taught that an example of this was the S&L crisis. Where do you see the next bust out occurring? I don't know. Wherever you see an industry get over-leveraged, I suppose. Look for whatever sector has the most cronies of Michael Milken: thta would be a good guess.
I've heard from multiple sources that the stock market is due for a major retraction this year because its been artificially propped up by the FED's QE. Your thoughts? It is true that the Fed is propping it up, but they are not going to stop. They cannot stop lest we slide back into a deeper recession/depression.
However, eventually reality has a way of happening.
Remember, we used to refer to "The Great War" before we learned enough to start numbering them. The same will be true someday of "The Great Depression".
What do you think of the issues cryptocurrencies have been having in terms of security (Mt Gox "break-in", Flexcoin, etc all)? Will people ever be able to overcome their bias of Bitcoin or will it need to rebrand as a more secure currency or more user friendly to gain wider acceptance? So did Target.
It won't "rebrand" deliberately because there is no owner. It will morph and evolve to be better and better. I suspect that as other currencies develop traction, Bitcoin will harvest their better attributes and make them its own. However, switching costs are not too high... Other currencies may fare well.
I admire your position and fight for school vouchers, now that charter schools have become more common, do you feel that charter schools can replace the need for school vouchers? Charter schools are less controversial but not as readily available due to the lottery system. 1) Backpack funding (e.g., Oakland) - Send your kid to any public school in the district that you want, and the funds travel with him (in his "backpack" so to speak). Something like Henry Ford saying, "You can buy a Model T in any color you want as long as it's black." But it's a start.
2) Charter schools - As you say, these have momentum.
3) Vouchers (or their economic equivalent, tuition tax credits). These create the most freedom of all the methods.
Thanks for doing this Mr. Byrne. I was curious if overstock held a small % of the btc from purchases or is it all automatically sold on the market? 10%.
Sorry if this has been mentioned already but how would you suggest the community as a whole informs the general public about bitcoin? Obviously mainstream media isnt doing a great job since their main focus are the negative stories relating to bitcoin since thats what sells. Like Ho Chi Minh, make it a war of the ants against the elephants.
My company's CEO thinks there are more important things to take care of rather than bitcoin payments. What would you say to him? Beat the rush.
Hi Patrick! I'd just like to say it's great working here at Overstock. Would you rather fight 100 duck-sized horses or 1 horse-sized duck? Having been nibbled to death by a duck, I would rather fight the horses of whatever size.
What do you like about Utah and what do you do for fun here? What do you like about Utah and what do you do for fun here? BUILD OVERSTOCK.
Any chance the Ostk benefits would include more than the Snowbird pass discount? Maybe more resorts discounts benefits? Any chance the Ostk benefits would include more than the Snowbird pass discount? Maybe more resorts discounts benefits? NO. WOULD RATHER JUST PAY THE CASH.
I'm sorry that you contracted cancer numerous times, do you have any ideas about what caused it? Also, Bitcoin :-} Nope. Just lucky I guess.
What was the last thing you bought from overstock.com? A book about Camille Claudel, I think.
What the fuck was the deal with Snoop? Stormy just wanted to meet the guy, so you waste MILLIONS on an ill-fated promotion that is so at odds with your brand? You mean this? Link to www.youtube.com
Note our appearance in his video: Link to www.youtube.com
It has 2.5 million hits. Seems to have struck a chord for some.
What are you, racialist?
"three time cancer survivor" Did you grow up under power lines? Or did you just like the way lead-based paint tasted? Some guys just get lucky.
Related note: Seriously, no one is out to get you! Quit moving your damn office every three months! 3) I move my office because we are a flexible, agile environment. Sounds like that was something you could not grasp during your tenure here.
Do you know who's behind the Satoshi twitter account? No.
I work over at castle and I challenge you to a game of ping pong. You're on.
My paycheck against yours?
(Joke: I don't get paychecks, I believe.)
Truly. The beautiful thing about bitcoin is that we can all be a small part of this change. The peer to peer aspect makes it truly pro-freedom. True dat.
Thank you for accepting bitcoin Patrick. I've made several purchases on Overstock instead of Amazon because of it. Thanks. Spread the word! We took a chance by taking it. Help make it pay off by getting more people to think like you.
(Notice Amazon recently dissed Bitcoin? They do not want to appear as Me-too'ers.)
Hello Mr. Byrne, I became a strong believer in several ways. 1) As a grad student at Stanford I studied computation thory, which underlies public key encryption, and so when cryptocurrencies came along it was not as magical-sounding to me as it might have been. 2) I am a proponent of the Austrian School of Economics, which, in general, eschews fiat currency in favor of a gold standard. The goal is not really the gold standard, however: the goal is to have a form of money that is intrinsically limited. Bitcoin et. al. accomplishes that. In addition, cryptocurrencies are SpaceCash (a word I think I just made up) that can be beamed across the galaxy! (Henceforth in my answers I will use "SpaceCash" top refer to all cryptocurrencies.)
Clearly bitcoin and other cryptocurrencies have the potential to change how our world does money for the better. What made you such a strong believer in bitcoin, and how would you spread this knowledge to other CEOs like yourself.
It's my understanding that since Overstock.com uses a Coinbase to facilitate the transaction Overstock does not sit on any Bitcoin; just the cash after the fact. Correct. Acutally, I think we are accumulating 10% of what gets spent with us in Bitcoin, as Bitcoin.
Just want to say you sound like a really cool mega rich person. Thanks. If so, it helps that I was a really cool person before I became a rich guy.
Last updated: 2014-05-06 21:05 UTC
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