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Lightning Network Will Likely Fail Due To Several Possible Reasons

ECONOMIC CASE IS ABSENT FOR MANY TRANSACTIONS
The median Bitcoin (BTC) fee is $14.41 currently. This has gone parabolic in the past few days. So, let’s use a number before this parabolic rise, which was $3.80. Using this number, opening and closing a Lightning Network (LN) channel means that you will pay $7.60 in fees. Most likely, the fee will be much higher for two reasons:
  1. BTC fees have been trending higher all year and will be higher by the time LN is ready
  2. When you are in the shoe store or restaurant, you will likely pay a higher fee so that you are not waiting there for one or more hours for confirmation.
Let’s say hypothetically that Visa or Paypal charges $1 per transaction. This means that Alice and Carol would need to do 8 or more LN transactions, otherwise it would be cheaper to use Visa or Paypal.
But it gets worse. Visa doesn’t charge the customer. To you, Visa and Cash are free. You would have no economic incentive to use BTC and LN.
Also, Visa does not charge $1 per transaction. They charge 3%, which is 60 cents on a $20 widget. Let’s say that merchants discount their widgets by 60 cents for non-Visa purchases, to pass the savings onto the customer. Nevertheless, no one is going to use BTC and LN to buy the widget unless 2 things happen:
  1. they buy more than 13 widgets from the same store ($7.60 divided by 60 cents)
  2. they know ahead of time that they will do this with that same store
This means that if you’re traveling, or want to tip content producers on the internet, you will likely not use BTC and LN. If you and your spouse want to try out a new restaurant, you will not use BTC and LN. If you buy shoes, you will not use BTC and LN.
ROAD BLOCKS FROM INSUFFICIENT FUNDS
Some argue that you do not need to open a channel to everyone, if there’s a route to that merchant. This article explains that if LN is a like a distributed mesh network, then another problem exists:
"third party needs to possess the necessary capital to process the transaction. If Alice and Bob do not have an open channel, and Alice wants to send Bob .5 BTC, they'll both need to be connected to a third party (or a series of 3rd parties). Say if Charles (the third party) only possesses .4 BTC in his respective payment channels with the other users, the transaction will not be able to go through that route. The longer the route, the more likely that a third party does not possess the requisite amount of BTC, thereby making it a useless connection.”
CENTRALIZATION
According to this visualization of LN on testnet, LN will be centralized around major hubs. It might be even more centralized than this visualization if the following are true:
  1. Users will want to connect to large hubs to minimize the number of times they need to open/close channels, which incur fees
  2. LN’s security and usability relies on 100% uptime of relaying parties
  3. Only large hubs with a lot of liquidity will be able to make money
  4. Hubs or intermediary nodes will need to be licensed as money transmitters, centralizing LN to exchanges and banks as large hubs
What will the impact be on censorship-resistance, trust-less and permission-less?
NEED TO BE LICENSED AS MONEY TRANSMITTER
Advocates for LN seem to talk a lot about the technology, but ignore the legalities.
FinCEN defines money transmitters. LN hubs and intermediary nodes seem to satisfy this definition.
Application of FinCEN's Regulations to Persons Administering, Exchanging, or Using Virtual Currencies
“…applicability of the regulations … to persons creating, obtaining, distributing, exchanging, accepting, or transmitting virtual currencies.”
“…an administrator or exchanger is an MSB under FinCEN's regulations, specifically, a money transmitter…”
"An administrator or exchanger that (1) accepts and transmits a convertible virtual currency or (2) buys or sells convertible virtual currency for any reason is a money transmitter under FinCEN's regulations…”
"FinCEN's regulations define the term "money transmitter" as a person that provides money transmission services, or any other person engaged in the transfer of funds. The term "money transmission services" means "the acceptance of currency, funds, or other value that substitutes for currency from one person and the transmission of currency, funds, or other value that substitutes for currency to another location or person by any means.””
"The definition of a money transmitter does not differentiate between real currencies and convertible virtual currencies.”
FinCEN’s regulations for IVTS:
"An “informal value transfer system” refers to any system, mechanism, or network of people that receives money for the purpose of making the funds or an equivalent value payable to a third party in another geographic location, whether or not in the same form.”
“…IVTS… must comply with all BSA registration, recordkeeping, reporting and AML program requirements.
“Money transmitting” occurs when funds are transferred on behalf of the public by any and all means including, but not limited to, transfers within the United States or to locations abroad…regulations require all money transmitting businesses…to register with FinCEN."
Mike Caldwell used to accept and mail bitcoins. Customers sent him bitcoins and he mailed physical bitcoins back or to a designated recipient. There is no exchange from one type of currency to another. FinCEN told him that he needed to be licensed as money transmitter, after which Caldwell stopped mailing out bitcoins.
ARGUMENTS AGAINST NEED FOR LICENSING
Some have argued that LN does not transfer BTC until the channel is closed on the blockchain. This is not a defence, since channels will close on the blockchain.
Some have argued that LN nodes do not take ownership of funds. Is this really true? Is this argument based on a technicality or hoping for a loophole? It seems intuitive that a good prosecutor can easily defeat this argument. Even if this loophole exists, can we count on the government to never close this loophole?
So, will LN hubs and intermediary nodes need to be licensed as money transmitters? If so, then Bob, who is the intermediary between Alice and Carol, will need a license. But Bob won’t have the money nor qualifications. Money transmitters need to pay $25,000 to $1 million, maintain capital levels and are subject to KYC/AML regulations1. In which case, LN will have mainly large hubs, run by financial firms, such as banks and exchanges.
Will the banks want this? Likely. Will they lobby the government to get it? Likely.
Some may be wondering about miners. FinCEN has declared that miners are not money transmitters:
https://coincenter.org/entry/aml-kyc-tokens :
"Subsequent administrative rulings clarified several remaining ambiguities: miners are not money transmitters…"
FinCEN Declares Bitcoin Miners, Investors Aren't Money Transmitters
Some argue that LN nodes will go through Tor and be anonymous. For this to work, will all of the nodes connecting to it, need to run Tor? If so, then how likely will this happen and will all of these people need to run Tor on every device (laptop, phone and tablet)? Furthermore, everyone of these people will be need to be sufficiently tech savvy to download, install and set up Tor. Will the common person be able to do this? Also, will law-abiding nodes, such as retailers or banks, risk their own livelihood by connecting to an illegal node? What is the likelihood of this?
Some argue that unlicensed LN hubs can run in foreign countries. Not true. According to FinCEN: "“Money transmitting” occurs when funds are…transfers within the United States or to locations abroad…” Also, foreign companies are not immune from the laws of other countries which have extradition agreements. The U.S. government has sued European banks over the LIBOR scandal. The U.S. government has charged foreign banks for money laundering and two of those banks pleaded guilty. Furthermore, most countries have similar laws. It is no coincidence that European exchanges comply with KYC/AML.
Will licensed, regulated LN hubs connect to LN nodes behind Tor or in foreign countries? Unlikely. Will Amazon or eBay connect to LN nodes behind Tor or in foreign countries? Unlikely. If you want to buy from Amazon, you’ll likely need to register yourself at a licensed, regulated LN hub, which means you’ll need to provide your identification photo.
Say goodbye to a censorship-resistant, trust-less and permission-less coin.
For a preview of what LN will probably look like, look at Coinbase or other large exchanges. It’s a centralized, regulated and censored hub. Coinbase allows users to send to each other off-chain. Coinbase provides user data to the IRS and disallows users from certain countries to sell BTC. You need to trust that no rogue employee in the exchange will steal your funds, or that a bank will not confiscate your funds as banks did in Cyprus. What if the government provides a list of users, who are late with their tax returns, to Coinbase and tells Coinbase to block those users from making transactions? You need Coinbase’s permission.
This would be the antithesis of why Satoshi created Bitcoin.
NEED TO REPORT TO IRS
The IRS has a definition for “third party settlement organization” and these need to report transactions to the IRS.
Though we do not know for sure yet, it can be argued that LN hubs satisfies this definition. If this is the case, who will be willing to be LN hubs, other than banks and exchanges?
To read about the discussion, go to:
Lightning Hubs Will Need To Report To IRS
COMPLEXITY
All cryptocurrencies are complicated for the common person. You may be tech savvy enough to find a secure wallet and use cryptocurrencies, but the masses are not as tech savvy as you.
LN adds a very complicated and convoluted layer to cryptocurrencies. It is bound to have bugs for years to come and it’s complicated to use. This article provides a good explanation of the complexity. Just from the screenshot of the app, the user now needs to learn additional terms and commands:
“On Chain”
“In Channels”
“In Limbo”
“Your Channel”
“Create Channel”
“CID”
“OPENING”
“PENDING-OPEN”
“Available to Receive”
“PENDING-FORCE-CLOSE”
There are also other things to learn, such as how funds need to be allocated to channels and time locks. Compare this to using your current wallet.
Recently, LN became even more complicated and convoluted. It needs a 3rd layer as well:
Scaling Bitcoin Might Require A Whole 'Nother Layer
How many additional steps does a user need to learn?
ALL COINS PLANNING OFF-CHAIN SCALING ARE AT RISK
Bitcoin Segwit, Litecoin, Vertcoin and possibly others (including Bitcoin Cash) are planning to implement LN or layer 2 scaling. Ethereum is planning to use Raiden Network, which is very similar to LN. If the above is true about LN, then the scaling roadmap for these coins is questionable at best, nullified at worst.
BLOCKSTREAM'S GAME PLAN IS ON TRACK
Blockstream employs several of the lead Bitcoin Core developers. Blockstream has said repeatedly that they want high fees. Quotes and source links can be found here.
Why is Blockstream so adamant on small blocks, high fees and off-chain scaling?
Small blocks, high fees and slow confirmations create demand for off-chain solutions, such as Liquid. Blockstream sells Liquid to exchanges to move Bitcoin quickly on a side-chain. LN will create liquidity hubs, such as exchanges, which will generate traffic and fees for exchanges. With this, exchanges will have a higher need for Liquid. This will be the main way that Blockstream will generate revenue for its investors, who invested $76 million. Otherwise, they can go bankrupt and die.
One of Blockstream’s investors/owners is AXA. AXA’s CEO and Chairman until 2016 was also the Chairman of Bilderberg Group. The Bilderberg Group is run by bankers and politicians (former prime ministers and nation leaders). According to GlobalResearch, Bilderberg Group wants “a One World Government (World Company) with a single, global marketplace…and financially regulated by one ‘World (Central) Bank’ using one global currency.” LN helps Bilderberg Group get one step closer to its goal.
Luke-Jr is one of the lead BTC developers in Core/Blockstream. Regulation of BTC is in-line with his beliefs. He is a big believer in the government, as he believes that the government should tax you and the “State has authority from God”. In fact, he has other radical beliefs as well:
So, having only large, regulated LN hubs is not a failure for Blockstream/Bilderberg. It’s a success. The title of this article should be changed to: "Lightning Will Fail Or Succeed, Depending On Whether You Are Satoshi Or Blockstream/Bilderberg".
SIGNIFICANT ADVANCEMENTS WITH ON-CHAIN SCALING
Meanwhile, some coins such as Ethereum and Bitcoin Cash are pushing ahead with on-chain scaling. Both are looking at Sharding.
Visa handles 2,000 transactions per second on average. Blockstream said that on-chain scaling will not work. The development teams for Bitcoin Cash have shown significant on-chain scaling:
1 GB block running on testnet demonstrates over 10,000 transactions per second:
"we are not going from 1MB to 1GB tomorrow — The purpose of going so high is to prove that it can be done — no second layer is necessary”
"Preliminary Findings Demonstrate Over 10,000 Transactions Per Second"
"Gigablock testnet initiative will likely be implemented first on Bitcoin Cash”
Peter Rizun, Andrew Stone -- 1 GB Block Tests -- Scaling Bitcoin Stanford At 13:55 in this video, Rizun said that he thinks that Visa level can be achieved with a 4-core/16GB machine with better implementations (modifying the code to take advantage of parallelization.)
Bitcoin Cash plans to fix malleability and enable layer 2 solutions:
The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet:
"fixing malleability and enabling Layer 2 solutions will happen”
However, it is questionable if layer 2 will work or is needed.
GOING FORWARD
The four year scaling debate and in-fighting is what caused small blockers (Blockstream) to fork Bitcoin by adding Segwit and big blockers to fork Bitcoin into Bitcoin Cash. Read:
Bitcoin Divorce - Bitcoin [Legacy] vs Bitcoin Cash Explained
It will be interesting to see how they scale going forward.
Scaling will be instrumental in getting network effect and to be widely adopted as a currency. Whichever Coin Has The Most Network Effect Will Take All (Or Most) (BTC has little network effect, and it's shrinking.)
The ability to scale will be key to the long term success of any coin.
submitted by curt00 to btc [link] [comments]

Whichever Coin Has The Most Network Effect Will Take All (Or Most)

BITCOIN LEGACY DOES NOT HAVE MUCH NETWORK EFFECT
Most people think that Bitcoin Legacy (BTC) has the most Network Effect. Even Tom Lee from Wall Street attributes his rising price predictions to network effect. Roger Ver talks about BTC’s network effect.
They are mostly wrong. BTC does not have much network effect.
DEFINITION OF NETWORK EFFECT
According to Wikipedia:
"A network effect…is the positive effect…that an additional user of a good or service has on the value of that product to others. When a network effect is present, the value of a product or service increases according to the number of others using it.”
The keyword is “using”, not buying or owning. Another key word is “network”. It is related to networks.
Wikipedia gives these examples:
"The classic example is the telephone, where a greater number of users increases the value to each. A positive externality is created when a telephone is purchased without its owner intending to create value for other users, but does so regardless. Online social networks work similarly, with sites like Twitter and Facebook increasing in value to each member as more users join.”
Again, the key is “users”, not owners. If four billion people create and own profiles on Facebook, but do not share photos and do not message each other, Facebook will have no network effect and have little value.
To leave Facebook for another social networking site, you need to convince your 300 friends to go with you, because of the “usage". To leave gold or any coin, you do not need to convince anyone to leave with you.
Fax machine is another good example of network effect. By itself, it is useless. The more people that have them, the more useful they become.
Network Effect does not relate to the price. If there is less supply than demand, the price of a telephone may go up, but this is not correlated to network effect.
Network Effect does not relate to ownership. Seven billion people can buy and own telephones or fax machines (and drive up the price). But, if every one of them is disconnected, they are all useless and have no network effect.
Network Effect relates to usage and interaction.
Millions of people can buy and store gold, which will drive up the price, but there is little to no network effect. My gold does not network nor communicate with your gold, to increase the value of your gold.
So, contrary to popular believe, BTC has little network effect, because most people buy it to speculate or HODL, like they do with gold. They do not use it, by spending it.
The more BTC buyers there are, the higher the price goes. That's mostly it. Most BTC owners stay home, and do nothing. Facebook users are out of the home, interacting with each other.
HOW TO INCREASE NETWORK EFFECT
When people spend their currency and people accept this currency as payment for goods and services, then the network effect goes up. As an example, the more merchants that accept your currency, the more valuable your currency becomes. The more people that spend their currency, the more valuable it is for a merchant to accept that currency, by implementing Bitpay, etc.
This is one of the factors for the value of the U.S. dollar. Out of all the currencies in the world, USD has the most network effect. It is used and accepted in more countries than any other currency.
In its initial years, BTC was taking market share from fiat currencies. During this time, it was increasing its network effect. In the past year, the trend is reversing. SatoshiDice, Yours.org and Bitmain switched to Bitcoin Cash. According to Businessinsider:
"Out of the leading 500 internet sellers, just three accept bitcoin, down from five last year.”
Why is Bitcoin losing market share to fiat? According to Businessinsider:
“when they do try to spend it, it often comes with high fees, which eliminates the utility for small purchases, or it takes a long time to complete the transaction, which could be a turn-off.”
BTC has transformed from a currency to store-of-value. As a store-of-value, like gold, it can continue increasing in price. Crypto fans salivate at the thought of taking market share from gold, which is worth $7.8 trillion worldwide. However, this is not where the real prize is. This is chump change compared to money, which is worth $80.9 trillion worldwide.
This is why the most successful crypto-currency will become more valuable than the most successful crypto-store-of-value.
The key to getting network effect for a crypto-currency, is to get people, such as merchants, to accept that cryptocurrency as payment. If you want to send a fax, but there is no machine willing to accept it, then your fax is useless and worthless.
There is a significant side benefit whenever a merchants accepts a coin. It is providing free advertising for the coin.
Try to imagine a world where more merchants accept ABC coin than any other coin, and growing. As a consumer, will you get some ABC coin? Likely you would. If you’re a merchant, will you accept ABC coin? Likely you would. Like Facebook, this trend will likely continue growing. The bigger the network effect, the more attractive it is, and the more people that will want to join. Once it starts, there will be a compounding and self-reinforcing effect that will be hard to stop, unless ABC coin does something stupid, such as make it too costly for merchants to accept it.
WINNER TAKES ALL (OR MOST)
Once the majority of merchants in the world accept ABC coin, it will be extremely difficult for another coin to compete. Let’s say you’re a merchant that accepts ABC coin and you see that most merchants accept ABC coin and most consumers have ABC coin. Are you going to go through the hassle of accepting another crypto-currency? Unlikely.
When something dominates a space with network effect, it is nearly impossible for a competitor to compete. You can build a website with superior technology to Facebook, but you will likely fail to get people to leave Facebook to come to your site. Google+ tried and failed. Similarly, this can happen with crypto-currencies.
Once the value or market cap of the crypto-currency matches that of the crypto-store-of-value, the owners of the crypto-store-of-value will likely migrate to the crypto-currency, because the crypto-currency will be serving both functions: currency and store-of-value.
APPRECIATING VALUE DOES NOT HAVE TO DETER USE
Some argue that crypto holders will spend their bad money before their good money. That is, they will spend their fiat because their crypto is appreciating in value. That is not necessarily true.
Merchants will likely offer discounts to purchases made in crypto, due to savings from not paying fees to credit card companies and not suffering from chargebacks.
Let’s say a person wants to maintain a certain balance of ABC coin. When he sees the merchant’s discount, he will likely pay in ABC coin and then replenish his ABC coin holdings by buying more with fiat.
Let’s say that you are a merchant accepting ABC coin. If you can use your ABC coin to purchase from another merchant, regardless of discount, you likely will.
If you want to send money to another country, you will likely use crypto, instead of paying the exorbitant bank wire fees.
If more people start receiving their salaries in crypto, they will spend their crypto.
COMPETITORS
As it stands today, the coins that have the most network effect, though they still do not have much, are Ethereum, Bitcoin Cash, Dash and Monero. I may have missed a coin and this list can easily change.
In my opinion, the ultimate winner will be the one which can get the most people, merchants, retailers, businesses, etc., to accept the coin and to do it the quickest. If you want your coin to succeed, this is what you must focus on.
Bitcoin Cash
Strengths: Brand awareness. Low fees and fast confirmation times.
Weaknesses: Misperception and confusion in market place. (To clear the confusion, read: Bitcoin Divorce - Bitcoin [Legacy] vs Bitcoin Cash Explained)
Ethereum
Strengths: Brand awareness. Low fees and fast confirmation times.
Weaknesses: Perceived to be a platform for smart contracts, not money. Slow transactions.
Litecoin
Strengths: Low fees and fast confirmation times.
Weaknesses: Perceived as Bitcoin’s silver (another store of value).
Dash
Strengths: Very low fees and very fast confirmation times. Optional privacy.
Weaknesses: Low brand awareness and perceived centralized ownership/control/instamine
Monero
Strengths: Privacy.
Weaknesses: Low brand awareness, high fees. Cannot scale.
Ripple
Strengths: Cheap and fast transactions
Weaknesses: Highly centralized control. Bankers' project.
Will Bitcoin Legacy win due to its brand awareness? Will Bitcoin Cash beat out Bitcoin Legacy with its cheaper and faster transactions? Will Bitcoin Cash beat out Dash with its better brand awareness? Will Dash or Monero win with its very low fees and very fast transactions?
submitted by curt00 to btc [link] [comments]

Lightning Network Will Likely Fail Due To Several Possible Reasons

ECONOMIC CASE IS ABSENT FOR MANY TRANSACTIONS
The median Bitcoin (BTC) fee is $14.41 currently. This has gone parabolic in the past few days. So, let’s use a number before this parabolic rise, which was $3.80. Using this number, opening and closing a Lightning Network (LN) channel means that you will pay $7.60 in fees. Most likely, the fee will be much higher for two reasons:
  1. BTC fees have been trending higher all year and will be higher by the time LN is ready
  2. When you are in the shoe store or restaurant, you will likely pay a higher fee so that you are not waiting there for one or more hours for confirmation.
Let’s say hypothetically that Visa or Paypal charges $1 per transaction. This means that Alice and Carol would need to do 8 or more LN transactions, otherwise it would be cheaper to use Visa or Paypal.
But it gets worse. Visa doesn’t charge the customer. To you, Visa and Cash are free. You would have no economic incentive to use BTC and LN.
Also, Visa does not charge $1 per transaction. They charge 3%, which is 60 cents on a $20 widget. Let’s say that merchants discount their widgets by 60 cents for non-Visa purchases, to pass the savings onto the customer. Nevertheless, no one is going to use BTC and LN to buy the widget unless 2 things happen:
  1. they buy more than 13 widgets from the same store ($7.60 divided by 60 cents)
  2. they know ahead of time that they will do this with that same store
This means that if you’re traveling, or want to tip content producers on the internet, you will likely not use BTC and LN. If you and your spouse want to try out a new restaurant, you will not use BTC and LN. If you buy shoes, you will not use BTC and LN.
ROAD BLOCKS FROM INSUFFICIENT FUNDS
Some argue that you do not need to open a channel to everyone, if there’s a route to that merchant. This article explains that if LN is like a distributed mesh network, then another problem exists:
"third party needs to possess the necessary capital to process the transaction. If Alice and Bob do not have an open channel, and Alice wants to send Bob .5 BTC, they'll both need to be connected to a third party (or a series of 3rd parties). Say if Charles (the third party) only possesses .4 BTC in his respective payment channels with the other users, the transaction will not be able to go through that route. The longer the route, the more likely that a third party does not possess the requisite amount of BTC, thereby making it a useless connection.”
CENTRALIZATION
According to this visualization of LN on testnet, LN will be centralized around major hubs. It might be even more centralized than this visualization if the following are true:
  1. Users will want to connect to large hubs to minimize the number of times they need to open/close channels, which incur fees
  2. LN’s security and usability relies on 100% uptime of relaying parties
  3. Only large hubs with a lot of liquidity will be able to make money
  4. Hubs or intermediary nodes will need to be licensed as money transmitters, centralizing LN to exchanges and banks as large hubs
What will the impact be on censorship-resistance, trust-less and permission-less?
NEED TO BE LICENSED AS MONEY TRANSMITTER
Advocates for LN seem to talk a lot about the technology, but ignore the legalities.
FinCEN defines money transmitters. LN hubs and intermediary nodes seem to satisfy this definition.
Application of FinCEN's Regulations to Persons Administering, Exchanging, or Using Virtual Currencies
“…applicability of the regulations … to persons creating, obtaining, distributing, exchanging, accepting, or transmitting virtual currencies.”
“…an administrator or exchanger is an MSB under FinCEN's regulations, specifically, a money transmitter…”
"An administrator or exchanger that (1) accepts and transmits a convertible virtual currency or (2) buys or sells convertible virtual currency for any reason is a money transmitter under FinCEN's regulations…”
"FinCEN's regulations define the term "money transmitter" as a person that provides money transmission services, or any other person engaged in the transfer of funds. The term "money transmission services" means "the acceptance of currency, funds, or other value that substitutes for currency from one person and the transmission of currency, funds, or other value that substitutes for currency to another location or person by any means.””
"The definition of a money transmitter does not differentiate between real currencies and convertible virtual currencies.”
FinCEN’s regulations for IVTS:
"An “informal value transfer system” refers to any system, mechanism, or network of people that receives money for the purpose of making the funds or an equivalent value payable to a third party in another geographic location, whether or not in the same form.”
“…IVTS… must comply with all BSA registration, recordkeeping, reporting and AML program requirements.
“Money transmitting” occurs when funds are transferred on behalf of the public by any and all means including, but not limited to, transfers within the United States or to locations abroad…regulations require all money transmitting businesses…to register with FinCEN."
Mike Caldwell used to accept and mail bitcoins. Customers sent him bitcoins and he mailed physical bitcoins back or to a designated recipient. There is no exchange from one type of currency to another. FinCEN told him that he needed to be licensed as money transmitter, after which Caldwell stopped mailing out bitcoins.
ARGUMENTS AGAINST NEED FOR LICENSING
Some have argued that LN does not transfer BTC until the channel is closed on the blockchain. This is not a defence, since channels will close on the blockchain.
Some have argued that LN nodes do not take ownership of funds. Is this really true? Is this argument based on a technicality or hoping for a loophole? It seems intuitive that a good prosecutor can easily defeat this argument. Even if this loophole exists, can we count on the government to never close this loophole?
So, will LN hubs and intermediary nodes need to be licensed as money transmitters? If so, then Bob, who is the intermediary between Alice and Carol, will need a license. But Bob won’t have the money nor qualifications. Money transmitters need to pay $25,000 to $1 million, maintain capital levels and are subject to KYC/AML regulations1. In which case, LN will have mainly large hubs, run by financial firms, such as banks and exchanges.
Will the banks want this? Likely. Will they lobby the government to get it? Likely.
Some may be wondering about miners. FinCEN has declared that miners are not money transmitters:
https://coincenter.org/entry/aml-kyc-tokens :
"Subsequent administrative rulings clarified several remaining ambiguities: miners are not money transmitters…"
FinCEN Declares Bitcoin Miners, Investors Aren't Money Transmitters
Some argue that LN nodes will go through Tor and be anonymous. For this to work, will all of the nodes connecting to it, need to run Tor? If so, then how likely will this happen and will all of these people need to run Tor on every device (laptop, phone and tablet)? Furthermore, everyone of these people will be need to be sufficiently tech savvy to download, install and set up Tor. Will the common person be able to do this? Also, will law-abiding nodes, such as retailers or banks, risk their own livelihood by connecting to an illegal node? What is the likelihood of this?
Some argue that unlicensed LN hubs can run in foreign countries. Not true. According to FinCEN: "“Money transmitting” occurs when funds are…transfers within the United States or to locations abroad…” Also, foreign companies are not immune from the laws of other countries which have extradition agreements. The U.S. government has sued European banks over the LIBOR scandal. The U.S. government has charged foreign banks for money laundering and two of those banks pleaded guilty. Furthermore, most countries have similar laws. It is no coincidence that European exchanges comply with KYC/AML.
Will licensed, regulated LN hubs connect to LN nodes behind Tor or in foreign countries? Unlikely. Will Amazon or eBay connect to LN nodes behind Tor or in foreign countries? Unlikely. If you want to buy from Amazon, you’ll likely need to register yourself at a licensed, regulated LN hub, which means you’ll need to provide your identification photo.
Say goodbye to a censorship-resistant, trust-less and permission-less coin.
For a preview of what LN will probably look like, look at Coinbase or other large exchanges. It’s a centralized, regulated and censored hub. Coinbase allows users to send to each other off-chain. Coinbase provides user data to the IRS and disallows users from certain countries to sell BTC. You need to trust that no rogue employee in the exchange will steal your funds, or that a bank will not confiscate your funds as banks did in Cyprus. What if the government provides a list of users, who are late with their tax returns, to Coinbase and tells Coinbase to block those users from making transactions? You need Coinbase’s permission.
This would be the antithesis of why Satoshi created Bitcoin.
NEED TO REPORT TO IRS
The IRS has a definition for “third party settlement organization” and these need to report transactions to the IRS.
Though we do not know for sure yet, it can be argued that LN hubs satisfies this definition. If this is the case, who will be willing to be LN hubs, other than banks and exchanges?
To read about the discussion, go to:
Lightning Hubs Will Need To Report To IRS
COMPLEXITY
All cryptocurrencies are complicated for the common person. You may be tech savvy enough to find a secure wallet and use cryptocurrencies, but the masses are not as tech savvy as you.
LN adds a very complicated and convoluted layer to cryptocurrencies. It is bound to have bugs for years to come and it’s complicated to use. This article provides a good explanation of the complexity. Just from the screenshot of the app, the user now needs to learn additional terms and commands:
“On Chain”
“In Channels”
“In Limbo”
“Your Channel”
“Create Channel”
“CID”
“OPENING”
“PENDING-OPEN”
“Available to Receive”
“PENDING-FORCE-CLOSE”
There are also other things to learn, such as how funds need to be allocated to channels and time locks. Compare this to using your current wallet.
Recently, LN became even more complicated and convoluted. It needs a 3rd layer as well:
Scaling Bitcoin Might Require A Whole 'Nother Layer
How many additional steps does a user need to learn?
ALL COINS PLANNING OFF-CHAIN SCALING ARE AT RISK
Bitcoin Segwit, Litecoin, Vertcoin and possibly others (including Bitcoin Cash) are planning to implement LN or layer 2 scaling. Ethereum is planning to use Raiden Network, which is very similar to LN. If the above is true about LN, then the scaling roadmap for these coins is questionable at best, nullified at worst.
BLOCKSTREAM'S GAME PLAN IS ON TRACK
Blockstream employs several of the lead Bitcoin Core developers. Blockstream has said repeatedly that they want high fees. Quotes and source links can be found here.
Why is Blockstream so adamant on small blocks, high fees and off-chain scaling?
Small blocks, high fees and slow confirmations create demand for off-chain solutions, such as Liquid. Blockstream sells Liquid to exchanges to move Bitcoin quickly on a side-chain. LN will create liquidity hubs, such as exchanges, which will generate traffic and fees for exchanges. With this, exchanges will have a higher need for Liquid. This will be the main way that Blockstream will generate revenue for its investors, who invested $76 million. Otherwise, they can go bankrupt and die.
One of Blockstream’s investors/owners is AXA. AXA’s CEO and Chairman until 2016 was also the Chairman of Bilderberg Group. The Bilderberg Group is run by bankers and politicians (former prime ministers and nation leaders). According to GlobalResearch, Bilderberg Group wants “a One World Government (World Company) with a single, global marketplace…and financially regulated by one ‘World (Central) Bank’ using one global currency.” LN helps Bilderberg Group get one step closer to its goal.
Luke-Jr is one of the lead BTC developers in Core/Blockstream. Regulation of BTC is in-line with his beliefs. He is a big believer in the government, as he believes that the government should tax you and the “State has authority from God”. In fact, he has other radical beliefs as well:
So, having only large, regulated LN hubs is not a failure for Blockstream/Bilderberg. It’s a success. The title of this article should be changed to: "Lightning Will Fail Or Succeed, Depending On Whether You Are Satoshi Or Blockstream/Bilderberg".
SIGNIFICANT ADVANCEMENTS WITH ON-CHAIN SCALING
Meanwhile, some coins such as Ethereum and Bitcoin Cash are pushing ahead with on-chain scaling. Both are looking at Sharding.
Visa handles 2,000 transactions per second on average. Blockstream said that on-chain scaling will not work. The development teams for Bitcoin Cash have shown significant on-chain scaling:
1 GB block running on testnet demonstrates over 10,000 transactions per second:
"we are not going from 1MB to 1GB tomorrow — The purpose of going so high is to prove that it can be done — no second layer is necessary”
"Preliminary Findings Demonstrate Over 10,000 Transactions Per Second"
"Gigablock testnet initiative will likely be implemented first on Bitcoin Cash”
Peter Rizun, Andrew Stone -- 1 GB Block Tests -- Scaling Bitcoin Stanford At 13:55 in this video, Rizun said that he thinks that Visa level can be achieved with a 4-core/16GB machine with better implementations (modifying the code to take advantage of parallelization.)
Bitcoin Cash plans to fix malleability and enable layer 2 solutions:
The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet:
"fixing malleability and enabling Layer 2 solutions will happen”
However, it is questionable if layer 2 will work or is needed.
GOING FORWARD
The four year scaling debate and in-fighting is what caused small blockers (Blockstream) to fork Bitcoin by adding Segwit and big blockers to fork Bitcoin into Bitcoin Cash. Read:
Bitcoin Divorce - Bitcoin [Legacy] vs Bitcoin Cash Explained
It will be interesting to see how they scale going forward.
Scaling will be instrumental in getting network effect and to be widely adopted as a currency. Whichever Coin Has The Most Network Effect Will Take All (Or Most) (BTC has little network effect, and it's shrinking.)
The ability to scale will be key to the long term success of any coin.
submitted by curt00 to Bitcoincash [link] [comments]

On the Separation of Assets – The Financial Cost of the BSA/LDS Split

This is a follow up report on a report made on May 10, 2018 entitled “A Mormon Divorce – The Ending of a Boy Scout Era by the Numbers”.
“Love is grand; divorce is a hundred grand." ~ Shinichi Suzuki
Overview (tl;dr): On paper, neither the BSA nor the LDS Church should walk away from this split without losing substantial financial assets on both sides; however, further analysis suggests both entities have sufficient war-chests to remain in a strong financial position post-separation:
  • The BSA gets the better part of this deal depending on a number of factors, not least of which includes a surprising increase in membership dues collected post-separation and first dibs to all assets belonging to the dissolved Utah councils – an estimated $50,619,729 depending on how things are actually split up between the BSA and LDS. The BSA will lose out on $220,116/yr in National Service Fees if the three councils dissolve, and continues to struggle in its 10 year decline in magazine sales. Overall contributions and BSA equipment/uniform sales show solid gains, and this combine with total assets of $1,471,984,000 in 2016 leaves the BSA in a strong position to move forward in its mission to prepare young people to make ethical and moral choices over their lifetimes by instilling in them the values of the Scout Oath and Law.
  • The LDS leave behind an estimated $50,619,729 in Boy Scout camps, buildings, and other assets to the BSA in just the act of dissolving three of the five existing Utah BSA Councils. This figure does not take into account the amount of funds the LDS Church as a whole and Mormon families individually have invested in other Local BSA Councils across the nation. This figure also does not take into account the untold tens of millions of dollars it will cost the LDS to replicate youth organization on the same level as the BSA. With this said, the LDS Church collects $8 Billion in tithing each year – $50 million lost plus another $50 million or more invested in creating a new youth organization is a drop in the bucket for the LDS Church and more than worth the expense to create a program better suited to the LDS Church’s international missionary needs.
How is the BSA National Organization Funded?
Funds to support the national organization of the Boy Scouts of America come from registration fees, local council service fees, investment income, Scouting and Boys’ Life magazines, sale of uniforms and equipment, and contributions from individuals. These monies help to deliver the program of the BSA (through four regional service centers and more than 300 local councils) to chartered organizations that use the Scouting program to meet the needs of their youth.
Lets break down each of these funding sources:
Registration Fees
On paper, this is the scariest loss of funding for the BSA National Organization. The BSA membership fee as of Dec. 1, 2017 was $33 a year for both youth AND adults.
With 470,000 Mormon youth exiting the BSA in 2019-2020, the BSA National Organization is looking at losing $15,510,000/yr in membership dues – essentially eclipsing the LDS $50 million loss in just four years.
However, this $15 million figure is misleading for three reasons. (1) It doesn’t account for registered Mormon adults in each Troop who also pay the $33 membership fee; (2) As covered in depth in a prior article and detailed further below, LDS Troops receive a discounted rate on their membership dues; (3) The membership fee was RAISED from $24/scout in 2014 to $33/scout in 2017 by the BSA National Organization in response to an anticipated departure by the LDS Church.
So let’s look at these calculations again in 2014 to 2019 terms:
2014
= ($24 Membership Fee)x(2,419,000 Mormon and non-Mormon Scouts) = $58,056,000 per year in Membership Fees
2019
= ($33 Membership Fee)x(1,871,000 non-Mormon Scouts) = $61,743,000.00 per year in Membership Fees
In the worst case scenario, where (1) 470,000 Mormon scouts all leave at once, (2) the BSA does not add or lose any other non-Mormon scouts (girls, LGBT, or otherwise) to its ranks, and (3) Mormon scouts paid the same dues as everyone else, the BSA still makes $3,687,000 MORE revenue without LDS scouts in its ranks than the organization made with LDS scouts.
However, we know not all 470,000 LDS scouts are leaving at once as some will stick around for a year or more to complete their Eagle Scout Award. We also know LDS scouts do not paid the same dues as everyone, as show by the BSA's own 2014 Financial Statement:
The Boy Scouts of America (BSA), consisting of 280 local councils, continued to deliver an exciting and valuable program to young people in 2014, with approximately 2,419,000 youth members and Explorers registered in individual programs. Approximately 981,000 registered adult leaders provide support to these youth.
Fees decreased in 2014 by $9,934 with the absence of the 2013 National Scout Jamboree fees totaling $32,784. This is offset by a membership fee increase effective January 1, 2014, which led to increased membership revenues despite a decline in membership.
The 2014 Financial Statement reports Revenue generated from Registration (Membership) Fee was $62,732,000 in 2014 with 2,419,000 youth and 981,000 adults.
($24 Membership Fee per youth/adult)x(3,400,000 youths and adults) = $81,600,000
This is $18,868,000 more than revenues reported by the BSA's 2014 Financial Statement - there are approximately 786,167 youths/adults ($18,868,000/$24 Membership Fee) missing from the 2014 Financial Statement. As the Utah BSA Councils stated to the Salt Lake Tribune:
The national BSA normally charges a $24 registration fee for each Scout and adult leader per year. However, a 2015 statement from the three BSA councils in Utah said those fees "are negotiated between the national BSA and the LDS Church. All registration fees are retained at the national BSA level."
Ironically enough, depending on how large a discount on membership fee LDS scouts get, the BSA National Organization may be earning way more revenue from its membership fees with the exit of the LDS and the addition of young women and the LGBT community into its ranks.
Local Council Service Fees
This fee is two parts paid on a yearly basis by each of the 280 Local BSA Councils across the nation.
The first is a fixed charter fee of $1,000 – this fee can be waived if the Local BSA Council turns in its Renewal Application before Mar. 1 of each year.
The second is the National Service Fee. The final amount of this fee is based upon data extracted from the council’s general ledger, and using the following formula:
(1) 2015 professional salaries (account No. 7002) for all funds (all funds being defined as Operating, Capital, and Endowment)
(2) 2015 office salaries (account No. 7003) for all funds (all funds being defined as Operating, Capital, and Endowment)
(3) Calculate the qualifying salaries for use in determining the 2017 national service fee (sum of figures 1 and 2 above)
(4) The council’s national service fee for 2017 is 3.5 percent of the qualifying salaries above* (multiply figure 3 above by .035)
*For those councils that will be charged a national service fee of $40,000 or greater for the year 2016, their fee will increase at the same rate of qualifying salary growth from 2014 to 2015, not to exceed 10 percent.
Examples: (1) If the council’s 2016 national service fee will be $48,783 and the qualifying salaries recorded in accounts 7002 and 7003 increased by 6.2 percent from 2014 to 2015, then the council’s national service fee for 2017 would also increase by 6.2 percent, or be $51,808.
(2) If the council’s 2016 national service fee will be $48,783 and the qualifying salaries recorded in accounts 7002 and 7003 were the same or decreased, the council agrees to and will be invoiced a national service fee of $48,783 for 2017.
The National Service Fee is pegged to the professional and office salaries of those employed in the BSA Local Council – changes in the number of scouts a local council has will not impact the National Service Fee assessed. Hence, across the nation, only Local BSA Councils at risk for closing because they do not serve enough scouts will be impacted.
Currently, only three BSA Councils are anticipated to be at risk of closing:
The BSA National Organization is likely to lose the following yearly revenue generated by the National Service Fee for these three Councils should they be dissolved:
  • GSL = $57,578
  • UNP = $89,166
  • TT = Unknown; Estimated to be average of GSL and UNP -> $73,372
In a worst case scenario, should all three Utah Councils go under, the BSA will lose at most $220,116/yr in National Service Fees due to the LDS split. In 2016, the BSA made $5,994,000 from interest and dividends alone on its investments - $220,116/yr is an easily absorbable loss.
Investment Income
In short, investments are affected by market conditions – not by the internal affairs of a single non-profit. Regardless, a short summary of the BSA’s investments:
Endowment Total
Balance Dec 21, 2015 $250,233,000
Investment return: -
Interest and Dividends $5,994,000
U Gains $20,599,000
Investment Manager Fee ($910,000)
Net investment return $25,683,000
Scouting and Boys’ Life magazines
The BSA National Organization’s flagship magazine is actually one area the BSA could really feel the hurt – nearly ever year Financial Statements were kept, the magazine’s revenue declined until hitting negative in both 2015 and 2016.
While the LDS/BSA split will certainly not help this situation, the BSA magazine has been declining in revenue for the last decade. Clearly the BSA needs to consider either scrapping the magazine entirely or moving to more cost effective options like sending out electronic subscriptions over email to save on printing costs.
Year Magazine Revenue
2005 $2,786,000
2006 $2,742,000
2007 $3,217,000
2008 $2,025,000
2009 $1,928,000
2010 $2,099,000
2011 $957,000
2012 $1,054,000
2013 $903,000
2014 $185,000
2015 ($753,000)
2016 ($2,651,000)
In short, the BSA magazine was an issue before the LDS/BSA split and will continue to be an issue long after the split. Again though, the BSA can temporarily cover this loss in revenue with gains in other areas of the organization – such as $5,994,000 interest gains on investments.
Sale of uniforms and equipment
Unlike the BSA flagship magazine, uniform and trading post sales have nearly tripled from 2005 to 2016, benefiting from a new wave of low overhead online shopping. While it remains to be seen how these sales might be impacted by the loss of 470,000 scouts, the addition of new demographics into the Scouts program means new uniforms and new equipment.
Year Trading Post Sales Revenue
2005 $5,953,000
2006 $4,278,000
2007 $4,108,000
2008 $6,559,000
2009 $4,835,000
2010 $7,702,000
2011 $12,246,000
2012 $8,232,000
2013 $10,495,000
2014 $10,773,000
2015 $14,892,000
2016 $13,367,000
Even in the most extreme situation where 20% loss of membership = 20% loss of Uniform and Equipment revenue, a 20% reduction in 2016 Sales means ($$13,367,000) - ($13,367,000)(0.20) = $10,693,600.00 in 2019 Sales Revenue -> Still better than almost every year up to 2014.
Contributions from Individuals
Individual contributions rose considerably in the 11 years spanning from 2005 to 2016, but at an unpredictable rate. The BSA will certainly be missing out on contributions given by LDS families, but the BSA has such a large endowment ($218,224,000 in invested assets in 2016) that the organization will be able smooth out any transition period between the LDS leaving and new demographics entering.
Year Contributions and Bequests
2005 $8,377,000
2006 $5,191,000
2007 $10,659,000
2008 $15,255,000
2009 $54,431,000
2010 $65,405,000
2011 $61,041,000
2012 $27,030,000
2013 $37,457,000
2014 $54,495,000
2015 $28,191,000
2016 $33,535,000

Ms. Peggy Stack and Mr. Lee Davison from The Salt Lake Tribune wrote an interesting article back in August on a topic generating much discussion with the Boy Scouts and Latter-Day Saints Wards – how badly will the BSA be hit financially for losing approximately 20% of its members in 2020 when the LDS Church officially parts ways with the Boy Scouts? In short, the Ms. Stack and Mr. Davison come to the conclusion any split will…
…have dire financial consequences for BSA. The LDS Church is far and away the nation's largest Scouting sponsor, serving 437,160 boys in 37,933 troops.
In 2013, more than a third (37 percent) of troops were LDS sponsored, accounting for 18 percent of the BSA's 2.4 million total membership (Mormon troops, while more numerous, tend to be smaller in size).
An LDS Church withdrawal also could ruin the three Scout councils in Utah, which say between 96 percent and 99 percent of their members are in Mormon units.
In Utah, the three councils say they have a combined 320,000 registered Scouts and adult leaders, the vast majority of whom are Mormon. Losing them could bring big financial blows to Scouting.
For example, the national BSA normally charges a $24 registration fee for each Scout and adult leader per year. The fee just for Mormon youths would cost $10.5 million a year. However, a statement from the Utah councils says those fees "are negotiated between the national BSA and the LDS Church. All registration fees are retained at the national BSA level."
In Utah, the Orem-based Utah National Parks Council says 99 percent of its Scouts are in LDS units. The Salt Lake City-based Great Salt Lake Council says 98 percent of its Scouts are. And the Ogden-based Trapper Trails Council says 96 percent of its youths are in Mormon-sponsored units.
Each year, the LDS Church supports a "Friends of Scouting" drive to ask members for donations to boost the local Scout councils — money which could disappear if the faith leaves. The Utah National Parks Council says the Friends of Scouting push provides 43 percent of its budget; the Trapper Trails Council says it generates 36 percent; and the Great Salt Lake Council receives 34 percent of its money from the effort. "The large majority of Friends of Scouting funds come from LDS units," according to the joint statement from the councils.
Questions also arise about what may happen to the many Scout camps in Utah if the LDS Church exits the organization.
In response to Salt Lake Tribune questions, the local councils wrote, "All camp properties are either owned by the council or are leased properties from the Forest Service. Each council is a 501(c)3 corporation separate from the Boy Scouts of America or any other council. The properties would continue to serve Scouting and the needs of religious and other youth groups in our communities."
There is a lot to unpack in this article. We have already covered facts concerning BSA's suprsingly solid financial footing despite loosing 20% of its membership. Let’s next focus on what Local BSA Councils are and what happens when Local BSA Councils dissolve.
BSA Organization and Local BSA Councils in Utah
The Organization of the Boy Scouts of America is a topic that requires a post of its own (conveniently found here!). In short, the BSA is run by a National Executive Council that, among other functions; develops program; sets and maintains quality standards in training, leadership selection, unforming, registration records, literature development, and advancement requirements; and publishes Boys' Life and Scouting magazines.
The National Executive Council does not attempt to administer directly the more than 150,000 registered Boy Scout units (troops, packs, venturing crews, etc.). To achieve this, each year, the National Council issues a charter to an autonomous organization called a Local Council. The United States and its territories is divided into local councils. Local councils are usually not-for-profit private corporations registered within the State in which they are headquartered.
The State of Utah actually has five Local BSA Councils - not three - however, The Salt Lake Tribune can be forgiven for this slight accounting error because: (1) the Great Southwest Council (GSW) is headquartered in Albuquerque, New Mexico, and provides Scouting to 7,260 youth in northern New Mexico, northeast Arizona, Utah south of the Colorado River, and the Durango and Mesa Verde areas of Colorado; and (2) the Snake River Council (SN) serves a number of Scouts in Idaho, Nevada, and Utah.
There are three Utah based BSA Councils who are composed of between 96% - 99% Mormon youth and focus only on the State of Utah:
Of these five Local BSA Councils, only GSL, UNP, and TT are at risk of dissolving in 2020 once the Latter-Day Saints Church officially splits from the BSA. Both GSW and SN have enough geographic dispersment and diversity of membership to survive the split relatedly unscathed.
So what would happen if a Local BSA council suddenly dissolved?
Well fortunately the Boy Scouts of America have been around for nearly 120 years as a national youth organization, and in this time plenty of Local BSA Councils have come and gone. Hence, the BSA National Executive Council has had plenty of time to develop and enact procedures for what happens to Local BSA Councils when they dissolve:
BSA Rules and Regulations; III. Local Councils
Council or Unit Assets Upon Dissolution
Consistent with the Bylaws, in the event of the dissolution of a council or the revocation or lapse of its charter, the Executive Committee may, at its option, authorize the National Council to assume charge of the affairs of the council and continue operation pending reorganization or reestablishment of the council or wind up the business of the council. All funds and property in the possession or control of such council must be applied to the payment of the council’s obligations. Any surplus funds or property may thereafter be administered as deemed to be in the best interests of Scouting.
In the event of the dissolution of a unit or the revocation or lapse of its charter, unit funds and assets must be used to first satisfy any outstanding unit obligations. Any remaining assets obtained with funds raised in the name of Scouting must be redeployed for Scouting use in the local area. Any assets obtained with funds from the chartered organization or parents of registered members may be redeployed as agreed upon by the chartered organization and local council.
Any property or funds acquired by the National Council upon the dissolution of a Scouting unit or local council will be administered so as to make effective, as far as possible, the intentions and wishes of the donors.
Real Estate
Except as hereafter provided with respect to incorporated local councils, the title to all real estate acquired for a unit or local council must be vested in a bank or trust company, in trust for the use of the unit or local council in accordance with the wishes of the donor with the provision that if such property cannot be utilized in such a manner, and title does not revert to the donor, that title or beneficial use of the property must nonetheless be for the benefit of Scouting in the local area.
Any incorporated local council may hold title to real property in its own name provided that in the event of the dissolution of the unit or council or the revocation or lapse of its charter said trustee or trustees will, after satisfying any claims against such unit or council to which such real estate may be subject, convey said property or, if sold, pay the net proceeds of such sale to the Boy Scouts of America, which may hold or use said property or funds for the benefit of Scouting in such locality or elsewhere if there is not suitable opportunity to use said property or funds in such locality. Any incorporated local council holding title to real property in its own name must ensure that its certificate or articles of incorporation expressly provide for the conveyance of such property or the net proceeds from the sale thereof to the Boy Scouts of America in the event of the dissolution of the local council or the revocation or lapse of its charter in a manner consistent with this provision.
Restricted Funds
Restricted funds received by a unit or local council must in all cases be held (a) in trust by either a corporate trustee for a bank or trust company, the National Boy Scouts of America Foundation, or the Boy Scouts of America Endowment Master Trust; or (b) in the Boy Scouts of America Commingled Endowment Fund LP for the use of the unit or the local council, in accordance with the wishes of the donors, with the provision in the statement of the conditions governing the administering of the funds that in the event of the dissolution of the unit or council or revocation or lapse of its charter said funds will, after any claims against said funds are satisfied, be turned over to the Boy Scouts of America for use by the Boy Scouts of America for the benefit of Scouting in such locality and for the specific purposes for which the fund was granted. If there is no suitable opportunity for the use of said funds in such locality, they may be used elsewhere.
This is A LOT to unpack, but here are the highlights;
Registration
  • Every Local BSA Council across the US is registered as a separate 501(c)3 corporation separate from the Boy Scouts of America or any other council. Every Council owns assets and liabilities separate from the BSA parent organization.
  • However (and this is very important), every Local BSA Council, including all five Councils in the State of Utah, are legally bound to the rules and provisions as laid out by the BSA Executive National Committee. These rules clearly spell out the actions that will be taken once a Council is dissolved, including the BSA’s right to all of the Council’s property and most of the Council’s assets.
Steps Taken Upon Utah Council Dissolution
  • (1) National Committee will step in and take control of all Utah Local BSA Councils under threat of dissolution. The Committee will do everything in its power to keep the Local Councils alive including moving remaining scouts to other troops or other councils in extreme cases. You can already see this process starting with the GSL Council here.
  • (2) If the Local BSA Council cannot be saved, then the Councils will be permanently shuttered. Now here is where things get really interesting – all Local BSA Council assets and liabilities are turned over to the BSA Executive Council. These assets are first used to pay off all outstanding debt carried by the Local BSA Council. The remaining assets “raised in the name of Scouting” will be kept by the BSA Executive Council, while assets “obtained with funds from the chartered organization or parents of registered members may be redeployed as agreed upon by the chartered organization and local council.”
  • Real Estate - Any buildings and land owned outright by Local BSA Councils is first used to pay off outstanding liabilities. After this, the buildings and land is turned over to the BSA Executive Committee to be given over to other BSA Local Councils. If no other Councils can make use of the property or land, the real estate is sold off and the funds are kept by the BSA to deploy to other Local Councils across the nation. This will be important when we examine the Financial statements of Utah Local BSA Councils next.
So now that we have an idea of the process each Local BSA Council must go through if it dissolves, lets look at what assets and liabilities two Utah BSA Councils have which, at least on paper, will be turned over to the BSA:
GREAT SALT LAKE COUNCIL CONSOLIDATED FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION - 2016
CONSOLIDATED STATEMENT OF FINANCIAL POSITION ASSETS
CURRENT ASSETS 2016 USD AMOUNT
Cash and cash equivalents $3,845,891
Accounts receivable $25,779
Pledges receivable $84,365
Note receivable $91,456
Inventories $117,699
Due from (to) other funds -
Deferred activity expenses $1,011,094
Prepaid expenses $46,379
Note receivable from subsidiary -
TOTAL CURRENT ASSETS 5,222,663
NON-CURRENT ASSETS 2016 USD AMOUNT
Note receivable, less current position $746,432
Cash restricted to investment L/B/E $456,392
Land/Buildings/Equipment, net $17,084,440
Due from (to) other funds -
Note receivable from subsidiary -
Long-term investments $5,571,352
Investments in subsidiary -
Deferred income taxes $33,400
Other assets $4,290
TOTAL NON-CURRENT ASSETS $23,896,306
TOTAL ASSETS $29,118,969
LIABILITIES
CURRENT LIABILITES 2016 USD AMOUNT
Current position of long-term debt $205,625
Accounts payable $639,138
Accrued expenses $54,610
Custodial accounts $85,079
Deferred income $1,153,079
Other current liabilities -
TOTAL CURRENT LIABILITES $2,137,531
LONG-TERM DEBT, net of current position $2,202,476
OTHER NON-CURRENT LIABILITES $1,643,304
TOTAL LIABILITES $5,983,311
What do these numbers mean?
In 2020, approximately 72,844 Mormon scouts (98% of the GSL) will walk away from the GSL leaving approximately 1,487 non-Mormon scouts behind. The BSA National Executive Committee will take over the GSL, and take control of $29,118,969 in assets and $5,983,311 in liabilities that the Latter-Day Saints Church walks away from. Lets look at some interesting things the LDS Church is leaving behind (at least initially and according to the BSA Bylaws) to the Boy Scouts:
  • $84,365 Monetary Pledges from mostly Mormon Scout Families in 2016
  • $17,084,440 in Land, Buildings, and Leaseholds in 2016; This figure includes construction costs for the Thomas S. Monson Lodge which amounted to $6,229,000. It is likely the lodge will retain its name when it is initially turned over to the BSA as seen in past cases of councils dissolving. It also includes 564.82 acres purchase the on the East Fork of the Bear River from the State of Utah Schools and Institutions Trust Lands Administration (“SITLA”), as well as the Federal lease ownership of Camp Steiner. Additionally, Hinckley Scout Ranch and Millcreek Canyon Camps will be initially retained by the BSA.
  • The following Money Market Accounts, Treasury Notes, Corporate Bonds, and Real Estate Trusts:
INVESTMENTS 2016 USD AMOUNT
Money Mkt Accounts $900,822
Fixes Income Securities: -
U.S. Treasury Notes $117,964
Corporate Bonds $50,326
Mortgage Backed Gov Sec $287,747
Mutual Funds: -
Domestic $735,224
International $696,577
Equities: -
Domestic $1,099,311
International $628,107
Real Estate Investment Trusts $478,477
Alternative Investments $576,767
TOTAL $5,571,352
It goes without saying this level of professional investment is really really unique to find in a Local BSA Council. I honestly have never seen anything like this – though I do come from a poor and tiny Local BSA Council.
On a side note, “Alternative Investments” is accounting slang for things like Bitcoin – so it is pretty humorous to think there is a remote possibility that scouting in Utah could be funded in part by Bitcoin.
  • The following land restrictions:
“The Council owns two parcels of land, which have permanent restrictions on them. The Council’s Headquarters is on a piece of land that was given to the Council as long as it is used as the Scout Headquarters. The property’s restriction was removed in 2016 through the Council’s payment of $1,590,000 to the holder of the restrictions. The other restricted property is the Bear Lake Camp in Rich County, Utah, which represents approximately 289 acres that was given to the Council to use strictly as a Boy Scout Camp.”
  • The purchase of the Council Headquarters land in 2016 to remove the Boy Scout restriction is an interesting move. This move was made around the same time the LDS Church began to take active measures to claw back as much as it could from Local BSA Councils around the US before announcing a split in 2018. No matter what happens with this split, the LDS will lose Bear Lake Camp to the BSA.
Summary of GSL Council Dispersal of Assets and Liabilities
$29 million in assets is at stake for both the BSA and the LDS in the termination of just one BSA Council. It is clear from a legal standpoint all assets and liabilities will be initially turned over to the BSA in an attempt to salvage the GSL Council. It is also clear that should these efforts fail, approx. $6 million in assets will be sold off to cover the existing debt. From this point forward, the BSA has legal claim to all the property holdings of the GSL Council and can choose to retain this property or sell some, all, or parts of these properties to the LDS or other organizations. The only certainty from a real estate perspective is that the BSA will retain ownership of Bear Lake Camp due to deed restrictions as well as the Federal lease for Camp Steiner. What will happen to other non-real estate assets is less clear, but the language of the BSA bylaws asserts the BSA will make a determination which assets to keep and which to return or sell back to the LDS.
UTAH NATIONAL PARKS COUNCIL - 2014
In the interest of type space, time, and because Hinton & Burdick are awful awful people for inverting their Financial Statement, I will not be inserting this F/S into the post. I left the link above to the UNP Financial Statement if anyone wants to go hog wild. [2014 is the newest F/S posted]
Big take aways after reviewing the 2014 UNP Financial Statement:
  • Total Assets in 2014: $17,275,633; Total Liabilities: $734,307
  • $2,941,642 invested in Securities and REIT
  • $244,838 in total contributions
  • $10,731,547 in Land, Buildings, and Equipment
  • $124,500 in Scout Camp land is permanently earmarked for the BSA
  • $3,241,341 in total endowments
There isn’t really much more that can be said for the UNP that wasn’t already covered by our discussion of GSL. In short, the BSA will initially retain all assets and liabilities of the UNP, and should the UNP resolve, $734,307 in assets will be liquidated to cover existing debt. The remaining $10,731,547 is legally owned by the BSA with some, part, or all of these holdings being either retained or sold off the LDS or other third party interests. Part of the remaining $5,809,779 will either be retained by the BSA as it was raised for the purpose of scouting, while an unknown portion will be returned to the LDS Church.
Unfortunately after an exhaustive search online, no Financial Statements for TT could be found.
Roughly Estimating the Final Cost to the LDS from the BSA Split
So how much does the Latter-Day Saints Church lose by parting ways with the Boy Scouts? Well a rough estimation can be made with the following assumptions in mind:
  • (1) Assuming the LDS Church will either lose control of all land held by the BSA Councils or will have to buy the land back; [In reality some land will be gifted or donated back to the Church by the BSA]. Either way, all assets found in the “Land, Buildings, and Equipment” ledger of both Financial Sheets will be given to the BSA. GSL = $17,084,440 [Real-Estate (RE)]; UNP = $10,731,547 [RE]
  • (2) Assuming all liabilities are paid off by non-real estate assets dollar for dollar; [In reality, there will be a cost to manipulating assets and debts in a short term]. **GSL = $6,051,218 [Total Assets (TA) - Liabilities (L) - RE]; UNP = $5,809,779 [TA – L – RE]
  • (3) Assuming remaining assets are equally split between BSA and the LDS Church; [In reality, it is unknown how much of the remaining assets the BSA will retain after covering debt and securing real estate]. **GSL = $3,025,609 [$6,051,218 / 2]; UNP = $2,904,890 [$5,809,779 / 2]
  • This puts total LDS losses from the GSL ($20,110,049) and UNP ($13,363,437) at $33,746,49.
  • It is not unreasonable to assume TT will exact similar loses on the LDS Church as did GSL and UNP despite having no available Financial Statement. For this reason, the average of GSL and UNP was taken as the losses exacted by TT. Hence, TT = $16, 873,243 [$33,746,49 / 2].
It is from these assumptions we can arrive at a ball park figure of the LDS Church surrendering $50,619,728 in assets to the BSA in just the dissolution of three Utah BSA Councils.
This figure does not account for the substantial investment the LDS Church has put into other BSA Councils across the US, or the invest Mormon families have made in paying for Scouting uniforms, campouts, membership fees, and other costs. This figure also does not take into account the $50 million or more it will take to replicate a youth organization on the same scale as the Boy Scouts.
With this said, Bloomberg reports the Mormon Church collects $8 Billion a year in tithing alone from its wards around the world - $50 million lost plus another $50 million or more invested in creating a new youth organization is a drop in the bucket for the LDS Church and more than worth the expense to create a program better suited to the LDS Church’s international missionary needs.
submitted by Zfriske to BSA [link] [comments]

Whichever Coin Has The Most Network Effect Will Take All (Or Most)

BITCOIN LEGACY DOES NOT HAVE MUCH NETWORK EFFECT
Most people think that Bitcoin Legacy (BTC) has the most Network Effect. Even Tom Lee from Wall Street attributes his rising price predictions to network effect. Roger Ver talks about BTC’s network effect.
They are mostly wrong. BTC does not have much network effect.
DEFINITION OF NETWORK EFFECT
According to Wikipedia:
"A network effect…is the positive effect…that an additional user of a good or service has on the value of that product to others. When a network effect is present, the value of a product or service increases according to the number of others using it.”
The keyword is “using”, not buying or owning. Another key word is “network”. It is related to networks.
Wikipedia gives these examples:
"The classic example is the telephone, where a greater number of users increases the value to each. A positive externality is created when a telephone is purchased without its owner intending to create value for other users, but does so regardless. Online social networks work similarly, with sites like Twitter and Facebook increasing in value to each member as more users join.”
Again, the key is “users”, not owners. If four billion people create and own profiles on Facebook, but do not share photos and do not message each other, Facebook will have no network effect and have little value.
To leave Facebook for another social networking site, you need to convince your 300 friends to go with you, because of the “usage". To leave gold or any coin, you do not need to convince anyone to leave with you.
Fax machine is another good example of network effect. By itself, it is useless. The more people that have them, the more useful they become.
Network Effect does not relate to the price. If there is less supply than demand, the price of a telephone may go up, but this is not correlated to network effect.
Network Effect does not relate to ownership. Seven billion people can buy and own telephones or fax machines (and drive up the price). But, if every one of them is disconnected, they are all useless and have no network effect.
Network Effect relates to usage and interaction.
Millions of people can buy and store gold, which will drive up the price, but there is little to no network effect. My gold does not network nor communicate with your gold, to increase the value of your gold.
So, contrary to popular believe, BTC has little network effect, because most people buy it to speculate or HODL, like they do with gold. They do not use it, by spending it.
The more BTC buyers there are, the higher the price goes. That's mostly it. Most BTC owners stay home, and do nothing. Facebook users are out of the home, interacting with each other.
HOW TO INCREASE NETWORK EFFECT
When people spend their currency and people accept this currency as payment for goods and services, then the network effect goes up. As an example, the more merchants that accept your currency, the more valuable your currency becomes. The more people that spend their currency, the more valuable it is for a merchant to accept that currency, by implementing Bitpay, etc.
This is one of the factors for the value of the U.S. dollar. Out of all the currencies in the world, USD has the most network effect. It is used and accepted in more countries than any other currency.
In its initial years, BTC was taking market share from fiat currencies. During this time, it was increasing its network effect. In the past year, the trend is reversing. SatoshiDice, Yours.org and Bitmain switched to Bitcoin Cash. According to Businessinsider:
"Out of the leading 500 internet sellers, just three accept bitcoin, down from five last year.”
Why is Bitcoin losing market share to fiat? According to Businessinsider:
“when they do try to spend it, it often comes with high fees, which eliminates the utility for small purchases, or it takes a long time to complete the transaction, which could be a turn-off.”
BTC has transformed from a currency to store-of-value. As a store-of-value, like gold, it can continue increasing in price. Crypto fans salivate at the thought of taking market share from gold, which is worth $7.8 trillion worldwide. However, this is not where the real prize is. This is chump change compared to money, which is worth $80.9 trillion worldwide.
This is why the most successful crypto-currency will become more valuable than the most successful crypto-store-of-value.
The key to getting network effect for a crypto-currency, is to get people, such as merchants, to accept that cryptocurrency as payment. If you want to send a fax, but there is no machine willing to accept it, then your fax is useless and worthless.
There is a significant side benefit whenever a merchants accepts a coin. It is providing free advertising for the coin.
Try to imagine a world where more merchants accept ABC coin than any other coin, and growing. As a consumer, will you get some ABC coin? Likely you would. If you’re a merchant, will you accept ABC coin? Likely you would. Like Facebook, this trend will likely continue growing. The bigger the network effect, the more attractive it is, and the more people that will want to join. Once it starts, there will be a compounding and self-reinforcing effect that will be hard to stop, unless ABC coin does something stupid, such as make it too costly for merchants to accept it.
WINNER TAKES ALL (OR MOST)
Once the majority of merchants in the world accept ABC coin, it will be extremely difficult for another coin to compete. Let’s say you’re a merchant that accepts ABC coin and you see that most merchants accept ABC coin and most consumers have ABC coin. Are you going to go through the hassle of accepting another crypto-currency? Unlikely.
When something dominates a space with network effect, it is nearly impossible for a competitor to compete. You can build a website with superior technology to Facebook, but you will likely fail to get people to leave Facebook to come to your site. Google+ tried and failed. Similarly, this can happen with crypto-currencies.
Once the value or market cap of the crypto-currency matches that of the crypto-store-of-value, the owners of the crypto-store-of-value will likely migrate to the crypto-currency, because the crypto-currency will be serving both functions: currency and store-of-value.
APPRECIATING VALUE DOES NOT HAVE TO DETER USE
Some argue that crypto holders will spend their bad money before their good money. That is, they will spend their fiat because their crypto is appreciating in value. That is not necessarily true.
Merchants will likely offer discounts to purchases made in crypto, due to savings from not paying fees to credit card companies and not suffering from chargebacks.
Let’s say a person wants to maintain a certain balance of ABC coin. When he sees the merchant’s discount, he will likely pay in ABC coin and then replenish his ABC coin holdings by buying more with fiat.
Let’s say that you are a merchant accepting ABC coin. If you can use your ABC coin to purchase from another merchant, regardless of discount, you likely will.
If you want to send money to another country, you will likely use crypto, instead of paying the exorbitant bank wire fees.
If more people start receiving their salaries in crypto, they will spend their crypto.
COMPETITORS
As it stands today, the coins that have the most network effect, though they still do not have much, are Ethereum, Bitcoin Cash, Dash and Monero. I may have missed a coin and this list can easily change.
In my opinion, the ultimate winner will be the one which can get the most people, merchants, retailers, businesses, etc., to accept the coin and to do it the quickest. If you want your coin to succeed, this is what you must focus on.
Bitcoin Cash
Strengths: Brand awareness. Low fees and fast confirmation times.
Weaknesses: Misperception and confusion in market place. (To clear the confusion, read: Bitcoin Divorce - Bitcoin [Legacy] vs Bitcoin Cash Explained)
Ethereum
Strengths: Brand awareness. Low fees and fast confirmation times.
Weaknesses: Perceived to be a platform for smart contracts, not money. Slow transactions.
Litecoin
Strengths: Low fees and fast confirmation times.
Weaknesses: Perceived as Bitcoin’s silver (another store of value).
Dash
Strengths: Very low fees and very fast confirmation times. Optional privacy.
Weaknesses: Low brand awareness and perceived centralized ownership/control/instamine
Monero
Strengths: Privacy.
Weaknesses: Low brand awareness, high fees. Cannot scale.
Ripple
Strengths: Cheap and fast transactions
Weaknesses: Highly centralized control. Bankers' project.
Will Bitcoin Legacy win due to its brand awareness? Will Bitcoin Cash beat out Bitcoin Legacy with its cheaper and faster transactions? Will Bitcoin Cash beat out Dash with its better brand awareness? Will Dash or Monero win with its very low fees and very fast transactions?
submitted by curt00 to Bitcoincash [link] [comments]

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]

Welcome to SmartWed: Marriage on the Blockchain

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submitted by yalortackson to giveth [link] [comments]

Transcript of George Webb Video Series Part 219 "Hillary's Leakers, Hackers, and Henchmen" [@Georgwebb / #HRCRatlne]

  • Day 43.6 You Knew Reality Winner Was Coming Into the Story - YouTube
    • It's Day 43. This is version 6
    • In this news just broke: ex NSA employee admits he kept top-secret information at home
    • Here again, I think this is one of those Awan covers, where you have someone who has kind of been in close to retirement, etc, that's done a lot of you've done a lot of favors for, and you call it a marker
    • That's what this looks like
    • It looks like a cover to cover the wants and to explain why this classified information is sitting over at the Awan's house
    • I don't know maybe it's not
    • But this article does a pretty good job of talking about the different people at NSA
    • And there's been just a rash of NSA leaks
    • I think this is to explain the the OPM leaks, and the OPM hacks
    • There's a lot of information out there that's being used
    • And this is the guys name here his name's PHO
    • He's 67 not far from where I am in Elliot city
    • And if you're gonna have a lot of Social Security numbers floating around, a lot of people using those Social Security's numbers from veterans who died to then get new home loans
    • This is what we've seen with the Awans, this is kind of one of those covers where well it must have come out with one of these leaks
    • So you can see here from 2010 to 2015, he took home paper and digital copies of government records--
    • I've met a lot of people that work at NSA and this just is something that you don't do
    • I know everyone at NSA knows that you don't do this
    • You would have had to been--doing Sandy Berger stuffing it in--that your your pant legs...
    • You don't walk out of the NSA with a briefcase that's not checked when you at the end of the day
    • {{ 911 Rubiks Cube }}
    • So that's--now it is interesting that he's in the tailored access operations TAO unit which is the unit that Edward Snowden was in
    • So that is an interesting kind of development there
    • This is article is 22 hours old as I was saying
    • So again, district of Maryland, and here's Dana Boente who just left the Eastern District of Virginia, retired to come up here and do this case, in the district of Maryland, which I found was interesting
    • If you're not familiar with the NSA hacks of course there was obviously the 2013 hack with Snowden, but then there's also this the Martin hack
    • Again, close by where we are Glen Burnie in 2015
    • So and then of course the most famous of all hacks in Augusta, Georgia here in 2000
    • With the Reality Winner 25 year old they had all this information
    • Now if you notice Augusta, Georgia I want to say is I'm gonna say 30 miles from the Savannah River Nuclear Site
    • And it's about maybe 45 minutes from Charleston, not very far from Savannah and Charleston is kind of in between
    • This Reality Winner I know we've made a lot of fun of her all along the way, but it's gonna be somebody here at this site at the Savannah River Site that she's covering for if not two
    • Now I thought she they tried to do a throw, saying that she was at a different facility in Georgia
    • But now that I see Augusta and knowing how close Augusta is to Savannah River Site, and how close it is to Charleston, Reality Winner is going to come back into our story as the key throw of The Whistleblower down at Savannah River Site
  • Day 43.7 Wrapup of Comments, Sweat Tea and Kings Bay - YouTube
    • NO Autocaptions
    • A lot of ppl commented PHO was yet-another runny soup with no meat like Campbell (Campbell's soup)
    • And it was covering the fact that he worked in this TAO @NSA
    • That will let you get into secure blackberry folders, for example
    • For example, drone interdiction in Pakistan
    • "Oops I did it again, here are the codes for drone strikes in pakistan"
    • People commented about Reality Winner working at Fort Gordon NSA facility in GA
    • I did't mean to say Reality Winner worked over at the naval nuclear station, but I meant to say that she was close
    • And that the info that RW would be dealing in would be highly secure information for the Navy
    • Our enemies knowing where our nuclear subs are would not be good
    • Turkey wanted to extradite Graham Fuller
    • News keeps chasing you, we're about 3 months ahead on this series--feels like we're being chased
    • Fuller did the infiltration, not the coup plan--coup is more Grange-Petraeus CIA-NATO op
    • SAP secure access program, lets you get into the SAP folders on blackberries...this how Hillary can still have influence even though she's not in power, she just needs a few people in key positions
    • Tap PHO on the shoulders and just say, 'time to call in a flavor and give us the SAP codes'
    • Reminds me of operation duck soup, in Vietnam which was flying heroin into the DMZ for US GIs
    • Maybe that PHO was a wink to Operation Duck Soup way back when since he's retiring now
    • Peter Stzrok, seems like a wink on 'Strzok', gonna call him 'Strzok'
    • Peter Stzoks let go from Mueller team for 'anti-trump' texts
    • {{ 911: that MSM's cover story. Really it was about him paying someone to validate the Fusion PP Dossier, now discredited. This makes Mueller's team look stupid and incompetent, so he was let go }}
    • Asked Robyn Gritz if she knew who Stzoks was and she didn't know him
    • Devin Nunes is mad because the FBI is stonewalling
    • DHS-OIG sentenced to 37 months for deleting Files
    • Georgia Cryptologic Center--sweet tea--sounds like euphemism for drug trade
    • Kings Bay subbase, lots of used car yards where car parts are being picked--illegal trade in car parts
    • People ask about the earthquake and was it a PNE near VA coast?
    • North Anna Nuclear Generating Station
  • Day 43.8 Summary - Sweet Tea and Pho Soup at NSA - YouTube
    • Day 43 and it's part 8
    • And this is a real late night edition
    • But I'm gonna call this mister PHO's runny soup leeks
    • Mr. PHOs runny soup leaks
    • I was thinking either I'll call this friend or foe pho or mr. foes runny soup leeks
    • But this just goes to show you the power of putting out working theory
    • And then people come back and they either say--sweet tea
    • Why are you mentioning sweet tea sweet tea sweet tea?
    • Why are you repeating sweet tea? what sweet tea got to do with anything?
    • Reality Winner was at sweet tea--so what?
    • And there's good challenges there and I just think--this author the guy who did this article linked those two things together he linked together Mister PHO's runny soup leaks with reality winner and sweet tea
    • The Georgia cryptography Center, the Georgia cryptography Center is the one that was built in 2012 to handle CENTCOM traffic
    • So let's say these are the three different cryptology centers
    • There's a whole bunch more there's one in Hawaii where Snowden worked at
    • There's one in Fort Meade near me here
    • And then there's one in this in in down in Georgia at this Fort Gordon, Georgia cryptology Center
    • Well what they did is they they took it and they broke off the traffic here
    • And the first signal intercept
    • They intercept these signals from CENTCOM
    • This is the UAE
    • This is Pakistan and also AFRICOM
    • This is--the all the area where our mining is--Boko Haram and a Niger and all that sort of thing
    • So all that stuff all these stories that emanate from signals intercepted over there are coming out of this Georgia thing
    • Now these guys--let's just call them Navy boys B O Y Z
    • And what I mean there is kind of like this retired Navy
    • This is the military-industrial complex whatever but these are what we think of as deep state or whatever
    • But I'm gonna call them the Navy BOYZ sort of like to John McCain and McCain's dad and McCain's grandfather that type of thing
    • The Navy BOYZ and the Navy BOYZ if you were smart and you were--I'm not saying the Navy knowingly knows that drugs are coming one way and guns are going the other
    • But they did look the other way
    • They're like the common carrier I don't really want to know what you're shipping
    • So the Imran Awan is who's doing the containers and and what goes into containers these guys are just saying how many containers here's the bill
    • But these Navy boys--you'd be smart to take all that kind of traffic that--Awan container traffic and make it go through this Georgia Center--this Georgia communication center
    • That's where you have your reality winner
    • You could then cut off all the communication and just say this is a nothing burger, that's a nothing burger, oh yeah another nothing burger, oh there's another nothing burger
    • Here's Imran communicating in Sialkot, nothing burger here's him in Faisalabad nothing burger oh here he is over in Akina Asana his hometown
    • He's recruiting a bunch of boys for a soccer team that's a nothing burger
    • Oh here he is over in Lahore at the naina set tech tech show that's a nothing burger here he is down at the Customs House in Karachi talking on his Blackberry again, that's a nothing burger
    • Oh here he is over at the Porter Kasim checking the video camera for all the radiation testing oh that's a nothing burger
    • Oh well how about all the UAE shipping traffic well ---you're the Urenco shipments going on the Maersk that's a nothing burger and
    • So you have this Center which basically takes all this traffic of our key players, and just hits it with a nothing burger stand
    • And if anybody does come to the White House, comes up and sees Devin Nunes, and says, "hey all this traffic is actually Imran Awan--this story that's going around Washington right now, that's actually him and his--about 20 or 30 of his secure BlackBerryies--you do know that right?"
    • And so what you do is you just put a Reality Winner in there and then you crush the the two whistleblowers, which is exactly what I think you would do
    • And you would investigate them with DHS
    • And you would use the the case management system at DHS to find out about them
    • And then you would crush these people
    • And if you if you hacked the case management system--if you're Imran Awan, and you hacked the case management system you could crush whistleblowers all day long and
    • So that's what really I think--working theory does
    • Now there's it's a lot of speculation but here I talk about the Navy BOYZ in that little theory that I just gave right there and I talked about--
    • How this Mr. PHO
    • Now I didn't know pho oh it's gonna be pronounced Fah I'm gonna keep pronouncing it focus it's more fun it's called pho noodle soup
    • I'm gonna that's gonna be my new imagery for lane leaks leaks
    • Especially leaks about duck soup type operations
    • This is the the using of opiates to target US soldiers
    • And that's duck soup was was heroin for US soldiers in the DMZ 1968
    • So I'm gonna keep that duck soup model going because Pho is Vietnamese and who knows how long who knows how long Pho has been giving duck soup, I mean noodle soup to the enemy, who knows how long?
    • We don't know that
    • Now of course they're gonna say is a doddering old man...but we don't know that
    • That could be just the way of getting these codes these access codes out of Fort Meade
    • Oops I did it
    • Again, we don't know how long that lasted
    • Now for me again, more working theory, but this just looks like Mattis
    • This looks like Mattis cleaning up the Fort Meade
    • And the next thing after he cleans up Fort Meade, I think the next thing he's gonna do is clean up the Georgia center
    • And Devon Nunes isn't dumb--he realizes that these people came from the center too
    • They went to the Eisenhower building
    • So that's what I think's happening I think Madison's cleaning up on the home home base he's gonna go up and clean out the Colorado cryptography Center I believe
    • He's gonna do Hawaii I think there's one in Texas and the Texas Cryptography Center
    • The Colorado cryptography Center
    • I don't know where those are located yet I know the white one I thought was at Diamond D and I a matter of fact I talked to somebody who worked there
    • So anyway I just think this is this is what I love about these
    • I've met somebody in The Associated Press just the other day
    • They said John Solomon doesn't work there anymore he works at theHill
    • And I thought I knew that but anyway I wanted to mention that correct that
    • But it's just how just one good article about national security here by a good reporter from the AP, I don't know who did it
    • Then sometimes the AP hits a story that somebody writes in one of the the journals--the national security journals and then they'll pick it up the AP picks it up
    • But whoever the editor is over there good job
    • Because it it really gives you an insight into what a clean up operation operation clean up the clean the Duck Soup and clean the pho noodle soup off the floor here at NSA in Fort Meade right by me here
    • And then maybe also the Georgia community, to make sure that the Reality Winners aren't stuffing stuff in their pantyhose
    • I doubt very seriously that she stuffed in their pantyhose
    • I doubt very seriously I think there's probably just a cover
    • It's a it's a nice image nice imagery, but I think there's actually two real whistleblowers
    • I must stay with that story that came the Eisenhower Building
    • I might have got the center wrong I thought it was Huntsville
    • I thought it was Redstone Arsenal but well I'm looking at it
    • Now it may have been sweet tea
  • Day 44.1 Is Peter Strzok Really Andrew McCabe? - YouTube
    • Welcome to day 44 this is the first version and the name to try to pronounce and try to remember as this name right here at the FBI
    • This is Peter Strokes I'm gonna call him because I think--I had said before I think it may be an OP name
    • An OP name is you take a funny name like Peter Strokes, I mean you just Swizzle some of the words[sic] {{ letters }} around
    • So you take the Z and move it maybe to the middle
    • That's the only way you could get a name like Peter Stzrokes who knows
    • Is that Andy McCabe? It sounds like it I'm not saying it is Andy McCabe it sounds like somebody who's extremely close to Andy McCabe if not Andy McCabe
    • But if you just look at the metadata of Peter Strzok it's Annie McCabe Annie McCabe Andy McCabe
    • If you look back here he was in charge of the Hillary investigation
    • He's in charge of shutting down the Hillary investigation, numerous times
    • Who else did that? Andy McCabe
    • Andy McCabe shut down NYPD Intel unit
    • He shut down New York NYPD
    • He shut down Little Rock FBI
    • He shut down the EB-5 investigation in Los Angeles
    • He shut down the EB-5 investigation in Miami
    • He shut down the Clinton Foundation investigation in Washington DC
    • He also conferred with Loretta Lynch to have her do shutdowns as well
    • He also brought in Peter Kadzik at certain key points along the way to leak information over to Podesta
    • So and I believe he also is the same person who goes to Fusion GPS and pays for the peepee dossier
    • And now we have Comey, taking the peepee dossier try to add legitimacy to the peepee dossier, and slip behind the curtain at the White House
    • So to think that Andy McCabe would give that to a second, possibly...
    • ...But the metadata looks like [Peter Strzok] is Andy McCabe's OP Name
    • I'm just gonna say that that right now, just from a technical analysis point of view okay
    • So we'll see if it's Andy McCabe or not
    • Tne picture they trying to picture Mueller with another agent to make it look like it's Peter Strzoks, but that's I don't believe this is I don't believe it's that person
    • And anybody on these teams trying to make it look like this guy here
    • I just don't think that's the case
    • Now this guy if you go back to the heavy article has been named in different wiretaps and sting operations Peter Strzok has been
    • They started with the top of it the story which is he sent anti-Trump and pro-Hillary tweets
    • So he's the one who Peter Strzok is a guy who had personally interviewed Hillary
    • And decided no, not to have the lie detector on, not to do it under oath--these are things that the FBI never does
    • This is Kallstrom's argument
    • Is Andy McCabe gonna leave that to somebody else? I just don't think so
    • So here we go with use of the the polygraph and when interviewing applicants
    • He's just looking for people to kind of be in his little cabal
    • So we'll see as the reports come out
    • The let's see the other report here's the Daily Caller has a little bit of the story just the top two percent of the story
    • Mueller's Russia probe The Washington Post had about 20% of the story
    • So they're getting I think they're in the lead
    • The New York Times had a story as well, so I think they're picking this up
    • The Wall Street Journal was completely caught flat-footed on this--they had no idea: they just thought it was an anti-Trump text thing
    • So that they were completely out of the loop
    • But well let's just do a hot search here and just see where we are with Peter Stzrok
    • Now and the now famous Peter Stzroks of course Peter's gonna be a member of my gonna be in my lawsuit to the FBI
    • Again, I filed the FBI lawsuit before this news broke
    • For all those are gonna say I filed it after the news broke--that's not true
    • You can look at the date, and matter of fact all these people have already been served, so it's gonna be hard for me to go back in time and serve them right?
    • {{ 911: G, why do you care? You said yourself, don't focus on the drama, just the lawsuits }}
    • So let's just see what we've got Trump has weighed in yet?
    • No Trump has weighed in with a couple of tweets, not particularly about Peter Stzrok but you can see that the press is picking this up
    • Now the whole investigation the whole Trump investigation looks like it's through this through this Peter Strzok if / Andy McCabe and the whole machine looks like it's gonna collapse
    • Now there is one theory out there--this is just working theory--that Flynn was working with Mattis the whole time
    • And and use Lisa Page at FBI
    • Lisa Page at FBI is not actually an FBI lawyer
    • She's a stand-in she was seduced Andrew McCabe or Peter Strzok, whoever you want to say
    • And set up him in a sting of his own
    • It's kind of nice to set up a sting with us with somebody who sets up a lot of stings
    • {{ 911: so he burns the whole country down because he doesn't want to risk divorce? Wow, if true wow. }}
    • So we'll see if that's true or not but I think actually it is true when all these texts do come out between Lisa Page and Peter Strzok / somebody
    • We'll figure out more to the story
    • So I'd say just by metadata this Peter Strzok looks like Andy McCabe
  • Day 44.2 Peter Strzok and Lisa Page - Conspirators With McCabe? - YouTube
    • It's Day 44 and this is the New York Times article about I'm gonna just keep calling him Peter Strzok but you'll know that I mean STR zs t RZ
    • Peter Strzok and Lisa Page the lawyer and the situation or this situation looks a lot differently now with Lisa Page maybe being complicit in the conspiracy, working directly for Andrew McCabe
    • And of course in my analysis metadata analysis this morning, Peter Strzok's career looks so identical and similar to Andrew McCabe just on based on metadata, I thought it was Andrew McCabe
    • It is so close, and I'll go through how some of that is is come about
    • But this is the the very good article here in HEAVY.com
    • It talks about the lawsuits against McCabe and lawsuits against Peter Strzok
    • It talks about--Lisa Page's involvement and some of the other things news I'm breaking this morning with Robyn grits
    • She's talking about how she filed with the office of a special counsel
    • The office of the Special Counsel is Robert Mueller
    • She filed before Robert Mueller took over that position, but the FBI has definitely stonewalled
    • So this is my reporting as a few minutes ago, "hmmm interesting I filed a complaint directly with the Office of Special Counsel. But I know they have been waiting for documents from the FBI. They could delay every document request FOIA, EEOs"--its equal opportunity stuff--"you name it even the Inspector General from DOJ complained about Grassley's office being stonewalled by the FBI."
    • And then she goes on to talk about down here another friend of hers who had retired through OPM, I'll drop it down here, through OPM, and they just never sent the paperwork over
    • So he he was like OK well--I'm gonna send over my paperwork
    • He just never got it and he's been fighting the FBI for 12 years
    • So it's these winners and losers
    • If you're in side of Andrew McCabe's Counterintelligence little clique--the little JTTF click--you're going to the--doing the counterterrorism a week before the Superbowl, a week before--the playoff, football playoffs, NFL games a week before World Cup etc and you're partying it up just like the Hillary did with her Secret Service people in Colombia
    • If you're in that group you're the winners
    • But if you're a a gumshoe FBI out there on the street doing real investigative work, and not fake crime, well then you're in the losers
    • We're going to delay all your paperwork
    • We're going to Stonewall you we're gonna make you sorry you ever work for the FBI
    • We're gonna pad the pad our pad our winners
    • And we're gonna strike in our losers
    • And just so even though even this guy even the Inspector General of the Department of Justice, officer of department of justice and this is going to be Matt Horowitz complained about it
    • So this is not something then--George is--personal vendetta against McCabe
    • Actually as I've said before
    • I'd want him to live on a nice big branch with very green grass, but I don't think that person needs to be running a coup and information coup against the [lawfully elected, non-criminal] President--which is obviously what's happened
    • He's put in his cronies to attack the sitting president
    • This guy here we want to find him
    • He's Eric Karate Croddy. Now he sued (I'm sorry in my phone's just going crazy)
    • He sued the FBI for using these wacky interview questions, that if they if completely subjective, they're these the same questions users of Fairfax County
    • If they like you then great--that means they can get you in
    • If they don't like you they can keep you out
    • So crowd e Croddy here filed a lawsuit--we're gonna be looking at that
    • Kathy Muller was the investigator
    • Awfully close to Mueller, I mean almost if it was your daughter you would want her to drop the e just so people wouldn't say nepotism--we don't know--we don't know but
    • That's why I put it there
    • Now everybody says well why did you put the address of Andrew McCabe, why did you pin that?
    • Well I actually I put an address for him for 1998
    • Now did I know that he bought it in 2016? Yeah I just thought that was a little weird 20 years later
    • I was I used a three year old address
    • Did I know he bought it, actually? Yeah I probably did but when I saw all kinds of power upgrades going in
    • (Sorry about my phone)
    • When I saw all kinds of power upgrades going in there when I saw these new AT&T pedestals
    • When I saw 200 different wiring teams going in, when I saw these--all the Google Fiber going in
    • When I saw the AT&T Wi-Fi, AT&T fiberline going in, when I saw the depressions and dips for these new vaults from the wiring vaults near there
    • I just said well if you were moving your money out of Malaysia, and out of Gülen's little hands
    • And you wanted a safe keep it what would you do well I'd move it offshore
    • I move through Bitcoin and I would mine the bit coin
    • Now mining Bitcoin takes a lot of power and I've been talking to power experts all day about how much power has been wired into Hillary's place
    • Now am I saying Andrew McCabe is laundering money absolutely not
    • There's no way I'm saying that
    • But I just want people to visualize you have this place out in in Maryland the with these 35 people that are spies within that group somewhere
    • You got five or six of your own GPS people
    • You paid for them we have the receipts now that FBI paid Fusion GPS excuse me for these people
    • Where do you move them after they get Flynn to sign off
    • And finally call Kislyac who's dead now
    • Now they say we don't need these guys anymore and they get rid of them
    • Where do you move that five or six guys that's embedded in that team?
    • Do you move it to Chappaqua?
    • Are they living up there in Chappaqua right now?
    • Who knows but they're not answering service
    • And that isn't helping one thing is for sure I'm going to add both of these people to my discovery both the Peter Peter Strzok is what I call them Peter Strzok and
    • So I learned how to pronounce his name Peter Strzok and this Lisa Page if this person is a personal lawyer for Andy McCabe
    • And this person is kind of a personal hitman for Andy McCabe
    • That's going to come forward
    • People in the FBI are sick of this
    • That is going to come forward
    • That information is going to come forward
    • So I'm going to leave it right there right now
    • That's where the investigation kind of is is at
    • It's obviously very fast-moving here--with the phone blowing up
    • But that's where--you kind of took a couple of minutes out of the newsroom here to kind of--do a here's where how the dots are connecting as of right now
    • You can go to the Twitter feed to see how things are going
    • But that's where we are right now
  • Day 44.3. Focused On the Misuse of Power - YouTube
    • It's Day 44 this is part three
    • This is just a quick Sunday summary
    • And I think it's probably good the full flight of the arrow here really goes back to 2010
    • And if you haven't watched the series before--that I really don't care about viewers or subscribers or patreon or any of that
    • I want to get off Andrew McCabe's list
    • That's all I want--that's all up the reason I got in this
    • You could read the accidental journalist by Trish Negron on Google George Webb an accidental journalist if you want the full story
    • But I protested and got in the way of Andrew McCabe and an operation he did in Portland Oregon
    • It's called Muhammad Muhammad [Christmas Tree Bomber]
    • Basically used three different informants for this Muslim kid took a very nice kid who was studying hard a student 17 years old radicalized him over time showing him a lot of pictures of war atrocities that supposedly were done by a--US soldiers
    • And built a bomb for him
    • He never touched a soldering iron
    • And put him away for thirty years
    • And even that kid with no rights from Somalia
    • I think he did later naturalize, but he ended up almost winning a case in the 702 for "collect it all"
    • And I actually think he should have won it because they used illegally-collected information to convict him
    • Which is Fruit-of-the-Poisonous-Tree
    • So I do believe the little guy has rights in America and can challenge the law
    • The Dred Scott--he's sort of the Dred Scott
    • Muhammad Muhammad SAW the Dred Scott of our time and if he would have won that case he would have it would have helped everyone in the United States with their Fourth Amendment rights
    • So yes I do think a little guy can win a guy can win in the pro se Court and from the Supreme Court with 13 shares of stock
    • So my only intention here is to get off the list
    • And I hope all my viewers go to all other channels and make everybody else rich and wealthy and add to their subscribers and do whatever patreon that they're looking for
    • That's not my goal
    • My goal is to get off the list
    • So what I focused on in this is production of documents documents documents documents
    • And most of the documents--I know some people say I'm trying to get documents I can never get that are secret
    • No, most of the documents I'm going for our public documents
    • Inspector General Reports are Public Reports
    • Reports from the House Committee on Administration should be Public Reports
    • Reports, Emails from people in the State Department, using Gmail should be public, the Public Records Act
    • So I'm not asking for anything classified I'm asking for public records and that's how I kind of the government's supposed to run
    • So that's where I am at that's my goal and I really have no other goals
    • And I have no animosity toward anyone
    • And if I make a mistake I'll certainly correct it
    • I have never accused anybody of a crime in this and if anybody is interpreting it that way, that's not the case
    • The only people I might be talking about in terms of committing a crime or the conspirators, which are is going to be the FBI
    • And there are some there are some actions by the Awans, obviously that are criminal
    • And there are some actions by people around them suppressing evidence and destroying evidence that are criminal
    • But everybody that I'm focused on are actually at the highest levels of government impinging on the fundamental rights of every citizen in the United States
    • I'm not interested in any Jones versus Smith type in situations
    • I'm focused on people who are impinging on the fundamental rights of every US citizen
  • Day 44.4 Will Kristen Neilson Name the Three DHS-OIG Hackers? - YouTube
    • This is Day 44 part 4
    • And here is the DHS OIG hack
    • This is the DHS OIG hack where there's three employees that I say these three employees are gonna be Hina Alvi Imran Awan and Jamal Awan this all happens the first week of March this year and there's a temporary Inspector General I don't know yet if the temporary Inspector General was Theresa Grafenstine or not
    • But it's certainly gonna ask that in the request for admissions
    • So this is an article by Ron Nixon and Nick Fandos
    • I think immediately you can ask them, "hey, where's the W? You forgot the W. Here the Who W, you forgot to ask who these three people are. And then you also forgot the when. You said 'in the spring.' And they have the hack happened in the spring"
    • "Can you be more specific about the first three weeks of the first three days excuse me of March, before--he leaves the country on the 5th, and they get fired that first week those same three from Congress?"
    • Okay? So John Roth is the Inspector General now
    • So we'll see if he if he publishes that
    • But tomorrow this is the Kirsten Nielsen is hearings you can see here by the legislative action for this presidential nomination 1095
    • This gal named Kirsten Nielsen is up for debate tomorrow
    • And she went through our first round of hearings was not bad
    • And usually these are just consent votes
    • We'll see what happens
    • For those of you don't know who Kirsten is, she is young lady but that was kind of picked on a little bit for her experience, but she's got quite a bit of experience at TSA George Bush hired her, and she had a lot of critical infrastructure management role at TSA
    • So she has never led a large organization, but she looks like she's up for the task
    • So the first question is: Kristin Nielsen--just like we asked Jessie Liu, when she took over the Awan case--will you announce the first three people the three people that did this hack?
    • This hack was a 159,000 case files.
    • These were the case files of people who were who were researching cases like Zarate in the Kate Steinle case
    • You get out here you look at the facts of all the breach, you'll see that it was the actual case management of people who were looking at cases like Zarate and the Kate Steinle deal
    • Only there's one hundred fifty nine thousand
    • This is why I called this case here 159,000 Kate Steinles
    • This this case right here is 159,000 Kate Steinles
    • Because these are the investigators investigating those cases
    • You look over here at the USA Today report well if you look at Ray lockers report, you'll see that he has a he names how many people that
    • I think that's Ron Nixon right there from New York Times I believe
    • Yeah yeah it's Ron Nixon there and I I haven't looked up Nick Fandos yet
    • But here's the article here Nick Van DOS Ron Nixon New York Times insider stealing data nice report
    • So you can review this and just text them send them text...and say hey--will Kirsten Nielsen be confirmed tomorrow?
    • And well the first thing she does
    • Again, if these guys are double dipping it at DHS
    • And they're into the system of 159 thousand names--that's 159 thousands Zarates
    • That's 100 that's could be more than one hundred fifty nine thousand Kate Steinle
    • I don't know however many people that might might result
    • So even one Kate Steinle even one more Kate Steinle is is not good
    • But this is a hundred and fifty nine thousand case files that were hacked
    • And if you don't identify the hacking team
    • And they can go from all the different 30 departments in the DHS Coast Guard and TSA, you could could just do a round robin of all 30 agencies in DHS
    • This is critical: if you don't name those three people and you have no chance of plugging the leak
  • Day 44.5 Lisa Page - EB5 "Family" Visas? - YouTube
    • This is Day 44 this is part five
    • This is Lisa Page and these are the two people that came out today
    • Lisa Page and Peter Strzok just to two people it just seemed to be everywhere as far as setting up the Comey meeting with Laura and Lynch in there--over at the Hillary investigation
    • They're over at the Hillary interview, and then they're at the Trump investigation, and then they're at the--behind the curtain here, and behind the curtain there
    • And it just seems like the type of person who's involved with fuschia GPSFusion GPS
    • With the--is it are they're really sending anti-Trump messages from the Mueller investigation?
    • There at the they're everywhere
    • They're at the the Hillary investigation together
    • They're at the Trump administration with the Russia Russia Russia
    • Then they're at the Mueller investigation in
    • Are they really are they really lawyers? No
    • I mean she's a lawyer but Peter Strzok is not
    • Aren't they really just sending out information of what the Commission's coming up with?
    • Aren't they just leaking information out to their friends and Andrew McCabe?
    • Isn't that actually what's going on it's not how Andrew McCabe is getting updates on all these investigations as they're going along--isn't it isn't that really the case?
    • Anyway I saw these things that are a record which was this disorderly conduct and whatever obstruct off--businesses is--I don't know what that is
    • But anyway I forgive people for their minor errors
    • But what I what I notice is locations.
    • She's from Columbus, Ohio
    • She got her law degree here in 2006
    • And I just look at Hillary, and then I look at kind of being brought into the to the FBI world
    • And here's Summit County here
    • And this is Akron, where my dad was born
    • And I had visited this Strongsville, Ohio, and the Strongsville Ohio had been kind of had been singled out because
    • (Not because of the creepy building here)
    • But because it had this European adoption agency
    • This creepy European adoption agency that got raided by the FBI
    • I don't know if she was there doing the investigation for this
    • Or if she was doing--it's like maybe a color-of-law, where I bring in all these kids, and after the 10,000th kid I bring in, then I say oh well it's color-of-law
    • I'm the adoption lawyer--I'm the EB-5 lawyer for bringing in all these kids
    • Oh All the kids are gone there with all the families now
    • But ten years later I'm gonna--calling the chit's here
    • I was there I started in 2008 and now it's 2017, so I'm gonna call the chit's in
    • But anyway they adopted this thing called the European adoption consultants
    • And I think a tremendous amount of kids went through this place
    • Just an amazing amount of kids from overseas
    • I think they were flying him in the Wright-Patterson Air Force Base in Springfield Ohio and kind of I don't I can't exactly all the different ways they got in
    • But they were from all over the place
    • They were it was operated by the state department
    • So it was really weird there's that Hillary connection
    • And these people were kids were come from Bulgaria and China and Colombia Congo Haiti or Honduras India Panama Poland Tanzania Uganda Ukraine
    • And I remember how many Russian kids had come through with--look like they had had like polish passports or Bulgarian passports
    • So I don't know if people have read about this but this was a crackdown
    • And I think Hillary was involved in this
    • Now she's she might be able to say, well it was a ten year color-of-law
    • We imported kids ten years and just to make sure we knew who the bad actors were
    • Maybe that's the case here I stay away from pizza gate as much as I possibly can
    • But I mean it's right here in front of your face
    • I mean this is the FBI in and--invading there or shutting this down
    • Now they shut it down ten years later
    • She's there Lisa Page is there near Strongsville in 2008
    • And then ten years later it gets shut down
    • Was she involved in EB-5s?
    • Did she do ten thousand people ask for all these kids?
    • And then they shut it down ten years later?
    • We really don't know
    • But it's a good question to ask Lisa Page
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