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A Cancer Cure Has Gotten Out of Control

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by Bill Sardi

While Wall Street awaits the entry of over 1,813 new cancer drugs into human clinical trials representing billions of dollars of investment capital, the announcement of a bona fide cure for cancer comes from an outsider – patient Joe Tippens.

An astounding report of Mr. Tippens’ cancer cure is circulating the internet now.  First diagnosed with small cell lung cancer in 2016 and with tumors popping up on scans in virtually every organ in his body, in desperation Joe Tippens began using a dog de-worming agent at the suggestion of a veterinarian.

He was told this cancer cure “was batting 1,000 in killing different cancers.”  He heard one of the scientists involved in the research was cured.  He had no time to dither.  He was weeks away from dying.

Treatment began in the third week of January 2017.  Three months later at MD Anderson Cancer Hospital in Houston, Tippens anxiously awaited the report of his oncologist who had no idea Tippens started taking the dog deworming medication.

The doctor is reported to have walked up to Mr. Tippens and said: “I am going to have to ask you to leave this hospital, because we only treat patients with cancer here at MD Anderson.”


Within just 3 months his cancer vanished.  His insurance company spent $1.2 million before Tippens switched to a $5 a week medicine that saved his life.  Daily vitamins and CBD oil were also an essential part of his curative regimen.  Here’s the video report.

Don’t think Big Pharma isn’t involved here.  Merck Animal Health division makes the de-worming drug that has gone up in price since the report of Tippens’ cure spread in the news media.

Joe Tippens now reports at his own “My Cancer Story Rocks” blog site that is bustling with visitors.

He now says around 40 otherwise hopeless cancer patients have reported similar cures.

He continues to take the anti-worming medication and dietary supplements as prevention.

His dietary supplement regimen that he still adheres to is as follows:

  • Vitamin E complex (tocotrienols, tocopherols)
  • Curcumin (turmeric extract 600 mg/day
  • CBD oil

The history of this cure

The anti-tumor therapy involves an anti-worming agent used for horses and dogs. It has been deemed to be safe by the Food & Drug Administration.  Published studies involving this canine drug, fenbendazole, date back a couple of decades.  There has been a lot of foot dragging over fenbendazole since it was unexpectedly reported to exhibit potent anti-cancer properties when combined with a vitamin regimen in laboratory animals in a study published in 2008.

Researchers reported that fenbendazole alone or vitamins alone did not alter the size or growth of implanted tumors in laboratory mice.  But their combination produced a striking increase in activity of one type of white blood cell, neutrophils, resulting in a no-growth effect.  There also was strong inhibition of a protein (hypoxia inducing factor) that induces hypoxia (absence of oxygen) which forces cancer cells to utilize sugar for energy rather than oxygen.

In the laboratory this drug/vitamin combo overcame treatment resistance as well.

Researchers were initially investigating fenbendazole because it was interfering with anti-tumor studies with other drugs.

Given that pinworms are a common problem in laboratories where mice are employed in pre-clinical testing of anti-cancer drugs, use of fenbendazole to clear these animals of parasites is standard practice.

Unexpectedly, fenbendazole halted the growth of implanted human lymphoma cells in rodents.

To prevent animal infection during the testing period the chow fed to these lab animals is sterilized and then vitamins and minerals (vitamin A, D, E, K and B) are added back to eliminate variance in nutrient intake.  But the chow for these lab animals in question was not sterilized and therefore more nutrients were delivered to these animals than normal.

Whereas implanted tumors take hold and grow 80-100% of the time, in this experiment none of the implanted tumors grew among 40 animals over a 30-day period!  This was striking.

In 2011 researchers investigated fenbendazole for its ability to treat a nasty form of brain cancer (glioblastoma multiforme).  Five-year survival with this form of brain cancer is only 10%. Over 600 clinical trials for this form of cancer have been unsuccessful in finding a cure.  These researchers found the addition of an anti-worming (pinworm) agent (fenbendazole) halted the growth of brain tumors whereas among animals that were not de-wormed, there was consistent tumor growth.  The researchers noted the long track record of safety for fenbendazole as well as its low cost and availability.

Contrarily, in 2013 researchers reported they found no evidence that fenbendazole has value in cancer therapy and did not warrant further testing.

Then in 2018 researchers in India reported fenbendazole exerts cancer cell killing activity at very low concentrations and does so partially by its inherent ability to inhibit the uptake of sugar (glucose) into fast-growing tumor cells.  Cancer cells develop an inordinate demand for sugar to feed their growth, switching from oxygen to sugar as a source of energy.  Fenbendazole did this by inhibition of an enzyme called hexokinase.

Fenbendazole’s ability to preferentially kill of malignant cells without harming healthy cells is another of its proposed properties.

The last thing the cancer industry needs is a cure

The last thing the cancer industry needs is a cure.  In fact, it can’t afford a cure.

Financial analysts admit “a cancer cure is not a sustainable business model.”

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13 Tips for the Work-at-Home Author

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by Joel Friedlander

Let’s face it: writing is mostly a solitary business. The picture we have of the writer alone in her room, deep in the writing process, is pretty accurate. Writing takes dedicated hours over a long period of time.

This means that many people who write for a living work at home. I’ve been self-employed for quite a long time, and sometimes I had a space to work that I rented, but mostly I’ve been lucky enough to have room in my home to set up an office.

This scheme is not without risks, however.

Early in my working at home days, it seemed almost impossible to get anything done. Eventually, I gave up and took an office in the city.

But when I began book publishing in earnest in the 1990s, I took an extra bedroom in your home and converted into an office.

Over the years since I’ve worked from home both as a contract worker doing book design and production, as well as an entrepreneur, starting businesses and gathering a team online.

In the course of the thirty-plus years I’ve been doing this, I’ve learned lots of lessons about navigating work at home successfully.

Here are my top tips for authors and publishers who work at home:

13 Tips for the Work-at-Home Author

  1. Get dressed for work—It may seem like fun to spend the day in your pajamas, you’ll be much more productive by dressing for work to trigger yourself to take your home work seriously.
  2. Establish a routine—Routine is part of life when you work in any context, and routines can be used as powerful reinforcements in building successful habits.
  3. Treat your business like a business—Your mindset will communicate itself to others whether you intend it to or not. Act like you’re transacting serious business and people will take you at your word.
  4. Choose a dedicated work space—An absolute necessity for home workers. Having a space that’s optimized for your type of work, where everything you need is readily accessible will help make you so much more productive. Put some time (and some resources) into making your home office an inviting and efficient place to work.
    • Declutter—Keeping order, not surprisingly, helps with focus and concentration
    • Create a pleasing ambiance—Having your own space gives you an opportunity to create an environment that you’ll be happy to work in.
    • Less noise, more light—If you can find a spot that has either quiet or great natural light, take it. If it has both, guard your space jealously.
    • Get a good chair—When you consider your desk chair is your most-used piece of equipment, you’ll realize why it’s a good idea to invest in one that gives you great support. During the dot-com bust, we picked up several pricey Aeron chairs, and they really make a difference especially on those late night launches.
  5. Try to leave the house each day—Getting some air and a chance to walk around for a few minutes will keep your energy up for the long haul.
  6. Restrict your social media use—If this is a problem for you, try logging out of all your accounts during your work day, and/or turning off notifications on all your devices. On iOS devices, the “Do Not Disturb” setting is quite handy.

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Netflix paid NO federal or state taxes in 2018 despite record profits

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by Lauren Fruen

Netflix paid NOTHING in federal or state taxes in 2018 despite posting record profits of $845million – and even got a $22million rebate

Netflix didn’t pay a cent in state or federal income taxes last year, despite posting its largest-ever U.S. profit in 2018 of $845million, according to a new report.

In addition, the streaming giant reported a $22 million federal tax rebate, according to the Institute on Taxation and Economic Policy (ITEP).

Senior fellow at ITEP Matthew Gardner said corporations like Netflix, which has its headquarters in Los Gatos, California, are still ‘exploiting loopholes’ and called the figures ‘troubling’.

Netflix says they paid $131 million in taxes in 2018 and this is declared in financial documents. But Gardner says this figure relates to taxes paid abroad, according to a separate part of their statements.

He told DailyMail.com: ‘It is pretty clearly true that Netflix’s cash payment of worldwide income taxes in 2018 was $131 million. But that is a worldwide number—the amount Netflix actually paid to national, state and local governments worldwide in 2018. This tells us precisely nothing about the amount Netflix paid to any specific government, including the U.S.’

Gardner added: ‘Fortunately, however, there is another, more complete geographic disclosure of income tax payments.

‘The notes to the financial statements have a detailed section on income taxes. And what this tells us is that all of the income taxes Netflix paid in 2018 were foreign taxes. Zero federal income taxes, zero state income taxes in the US.’

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Don’t bother inviting me to catch up over coffee — I’m done networking and I’m starting to think you should be, too

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by Shana Lebowitz

  • Will networking help you build a successful career? I’ve never been sure.
  • Mostly, traditional networking seems to me like it takes a lot of time and effort.
  • Some experts say building connections is a practical strategy, in case you ever lose your job.
  • Other experts say you’re better off working and developing concrete skills than schmoozing.

A few weeks ago, one of my coworkers at Business Insider created a Slack channel called #lunch-buddy. Anyone who joined the channel would be randomly paired with another BI employee; the two would then meet for lunch, or coffee, or maybe just a walk, and get to know each other.

This initiative seemed to me a brilliant idea. Generally speaking, my coworkers are lovely people, but I know only a sliver personally. And when it comes to employees in other departments — say, product or finance — I’m curious to know what they do all day because, as it stands, I have no clue. (I imagine the feeling is mutual.)

I typed “#lunch-buddy” into the Slack search bar. And then I closed out of it. It was a Monday morning and, already, I was behind on work. I imagined that, by the time my buddy and I arranged to meet up, I’d be even farther behind. Inevitably, I’d wind up nibbling nervously on a sandwich while sneaking glances at my phone to make sure no one was Slacking me. This buddy business was not going to work out, at least not for me.

I should mention that, when the email about the lunch-buddy program went out, I was in the middle of reporting a story about networking. My specific goal was to figure out whether networking was good for your career, as so many influencers would have it, or bad. Good because you meet interesting new people who can introduce you to interesting new job opportunities, clients, and projects. Bad because you spend so much time schmoozing that you forget to, you know, work.

I wasn’t sure where I stood on the subject. As the lunch-buddy incident had made clear, I theoretically supported networking, but wasn’t very adept at practicing it. On LinkedIn, I posed the question to my connections. Unsurprisingly for a networking website, several people who commented said their relationships had always benefited them in their career.

And maybe they’d benefited mine, too. A few years ago, I was looking for a new job and mentioned as much to an old coworker (who’d become a friend) when we got together for drinks. Days later, she emailed me a Business Insider job posting that I’d missed in my search and, well, the rest is history.

Does that count as networking? I’m not sure. I like to think it’s better defined as being a human being with human friends who are willing to help you out.

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12 Things to Consider Before Starting a Virtual Community

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If you want to start a virtual community, don’t. If you have to start a virtual community then what I’ve discovered, after three weeks of exhaustive research, may help you create a good one, and realize the benefits.

#1 Facebook for the Masses

Facebook is the best and worst of the social media community platforms. They all have one thing in common: you are the product. You are the value they “provide”. Your data, your community, and anything Facebook can gather through your interactions, is the product they sell back to … You.

In return for the value you provide, you’ll be constantly reminded that your presence on Facebook is a privilege. In return for that privilege, you agree to:

  • Lose control over your data.
  • Forfeit exclusive copyrights of your data.
  • Be unable to locate threads, links, or documents of interest after they’ve scrolled off the main screen.
  • Put up with the ebbs & flows of FB’s politically correct censorship.
  • Be subject to the collapse of your community at their whim.

If need compels you to “go where the people are” then start a FB group (Not a personal or business page, but a group). Don’t get too attached to your “likes”. What may take you years to build, Facebook can, has, and will, collapse overnight. And just like that, thousands of conversations, links, documents, and stories disappear down the memory hole.

#2 A Forum for Serious Matters

If you’ve decided to run a virtual community on a serious subject, with people that matter, then skip Facebook and start interacting with the actual people. If you can’t do that in person, install a private forum on a private server and encourage people to join.

Facebook, and most other social media outlets, are best used as a supplement to a garden that already feeds your community. That primary garden is either personal “real life” interaction, or, a private online virtual community. Both are under the stewardship and control of the community, itself.

#3 Forum Software

The time, people, and data involved in maintaining and participating in a forum is so precious, it’s foolish to compromise on platform or functionality, if you don’t have to. Happily, the costs and capabilities of the software and servers that host it are such that compromise is unnecessary.

I recommend myBB as a “free” starting point, and XenForo as your final platform. If cost isn’t a factor, skip myBB and start your forum on Xenforo. Otherwise, there’s an import function built-in to Xenforo, enabling the import of your myBB forum data, later. There’s also a professional service that will perform the migration for you, cms2cms.

My research on forum platforms was comprehensive and inspired by my own desire to start an online community. I have no skin in the forum software game, other than that. However, if you want to do your own research, here’s a good starting point comparing the features of 67 forum platforms: forummatrix.org.

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#4 Why Not vBulletin?

With it’s large installed user base and functionality, I thought vBulletin was a slam dunk as the optimal platform. I was wrong.

Four leading developers of vBulletin split from gelsoft because they wanted to re-write the code from scratch rather that keep adding patches (per vB mgmt.) Sure enough, after the lawsuit was settled vB has had difficulties keeping pace with bugs and new developments. The latest V5 version has a terrible reputation and they stopped supporting version 4.3, which is what most of their large installed user base is using.

On the other hand, XenForo (which has all of vB’s functionality and the benefit of having been re-written on a new platform) is sailing smoothly due to their re-write. The developers “won” the lawsuit because they re-wrote new code from scratch during their 365-day non-compete clause.

If you go with vBulletin, I think it will lead to a boxed canyon in the mid-term. New plug-ins, and integrations with new internet functionalities, will be slow in coming, if they come, at all. If some functionality comes along that’s crucial to your business, you’ll have to migrate to Xenforo to get it. Therefore, why not just start with Xenforo from the beginning?

Surprisingly, myBB is has almost every feature vBulletin has. It’s also free, open-source, and well-designed. Still, if you have the money, skip myBB and start building from the start on Xenforo.

#5 Scalability

Here’s a Xenforo forum with 56 million posts.

Enough said on scalability.

#6 Time

20 hours per week in administration and board moderation is a good rule-of-thumb for a forum that has enough visitors to pay for itself. The maximum amount of time I could spend is between 3 and 10 hours per week. Therefore, if the forum I’m considering ever “took off” I’d need immediate help so it would not detract from larger purposes.

Including this article, I’ve put 20 hours of research into vetting platforms, and the possibility of starting, a virtual community. That’s time well spent in avoiding getting stuck on the wrong platform. It might turn out to be time well spent in deciding not to start a virtual community, at all. If I do move forward, it will be with the experiences of others informing the implementation so the whole enterprise doesn’t become unwieldy or detract from larger purposes.

#7 Money

Between the cost of the software and the cost of the servers, the monetary cost of putting on a sustainable private forum is $460 per year.

If you install myBB on a server you’re currently using for another website, the additional monetary cost of your forum will be ZERO. That is, until your forum starts to attract users, or you post things on the forum that require disk space and network bandwidth to downloaded by many simultaneous users. To account for that growth — which you, presumably, are trying to make happen — I estimate a mid-term monetary costs of $460 per year.

Xenforo is $140 – $290 for the initial purchase (varies with plug-ins needed) and perhaps 1/3 of that for upgrade privileges per year, thereafter. Since forums tend to eat server resources, I estimate a cost of $20 to $30 per month for server hosting for a moderately busy forum. Your other websites (with moderate to large traffic) could be hosted on the same dedicated server. Therefore, you could consolidate them onto the same dedicated server making the effective increase in server fees be less.

#8 The Hassles of an Online Community

For a birds-eye-view of the kinds of hassles a popular online forum can present, read Steve Pavlina article explaining why he shut his forum down. This article is a MUST-READ for anyone seriously considering the start of a virtual community.

#9 Monetization

All forums are monetized. Here’s my proof: All existing forums cost money and someone is paying for them. The only question is: who pays?

If a forum is paid for, directly, by one person or entity, the forum is sponsored. Sponsorship is a form of monetization.

Forum participants only view a forum as being monetized if they see ads or have to pay an entrance fee of some kind. There are many more ways than that to monetize a forum:

  • Sponsorship
  • Display ads
  • CPM – Cost per Impression
  • CPA – Cost per Action
  • CPC – Cost per Click
  • Classified ads
  • Affiliates
  • Premium Memberships

That’s not to say that a forum will ever become profitable. Most of the forums I’ve read about are considered to be doing well if they break even.

My view on monetizing a forum is that a community worth having is a one worth paying for. What I’m not sure about (that Steve Pavlina’s article has me contemplating) is whether a community that doesn’t pay for itself is worth having.

#10 One Forum, Multiple Communities?

Could one forum handle multiple communities?

Yes, but the communities that work best in that scenario are sub-communities of a larger purpose. A good example of this is a corporate forum handling company-wide categories and topics. Employees would log-in to keep abreast of the two or three categories of their interest. The remaining categories would be unread, or specifically reserved, for groups with other interests or responsibilities.

Another example of one forum serving multiple communities is a forum for a church. Only one forum need be created, and maintained, to accommodate a large church. Still, very few members would be interested in every category on the forum. A hundred or so ministries, and all activities, within one church could be easily handled by one forum.

The limit to the number of sub-communities a single forum can accommodate is a function of the coherence of governance between sub-communities.

#11 Customer Service Platform?

This is an interesting use of a private forum: For each product you sell start a new support thread on a forum. This enables all your customers to see the latest status of the product. Theoretically, it could save a busy retailer, or consultant, from being overwhelmed by individual customers asking the same questions. It could also be a great place to put FAQ’s for your company, service, or product.

The comment section of your product page could function in the same way. However, as most product pages are now designated landing pages, they no longer include comment sections. Starting a forum around your products might be a great way to serve that need.

#12 Should I Start a Forum, or Not?

With all the costs, time, and hassles involved in running a private forum, why have one, at all? This is a question I’ve not yet answered, for myself.

SM Comparison Table
 Service Capability
1 to 1 1 to Many Many to 1 Many to Many
E-mail Y Y Firehose N
Twitter N  Y Clumsy N
FaceBook Y  Y Confusing Share Rules
Forum Y  Y Y Y

 

There are four things a private forum does, extremely well. They:

  1. Provide a means for communicating with people you want to talk to, or have to talk to, for which the conversations are most beneficially conducted in a group setting.
  2. Serve as a rare, nearly optimal, vehicle for all four types of interactions with people: 1 to 1, 1 to many, many to 1, many to many.
  3. Function as online knowledge and resource repositories. I’ve greatly benefitted from forums around subjects I didn’t become interested in until the most active phase of the forum had already passed. Such forums, to me, were like floating spaceship libraries I was very thankful to find in “outer space”.
  4. Facilitate group conversations with people that matter.
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Vetting the Business Idea of a Martial Arts Studio

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Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win.1

A recent conversation with a friend (who wants to start a Martial Arts studio) inspired me to revisit the topic of business vetting. The questions in this article were inspired by our conversation. What better place for a “victorious warrior to win first and then go to war…” than in vetting the business of a martial arts studio?!

The High-Paying Activities of Business Vetting & Negotiation

Negotiating is one of the highest paying activities if the return is measured by the time spent negotiating. Higher still is the activity of business vetting. The stakes are, by definition, higher than any deal the business will ever do. After all, no money can be made (or lost) in a business that doesn’t exist.

What’s at stake when vetting a business, however, is far more than money. People invest a large portion of their lives into a business to make it successful. If the time & money invested doesn’t lead to a return, or leaves them in debt, then it would have been far better to have not started the business, at all.

I’m big fan of acquiring the skill of business vetting.

Shark Tank

One of my wife’s favorite shows is “Shark Tank”. We often get drawn into vetting business ideas when watching that show. I wrote How to Vet a Business Idea in 10 Minutes to express my thoughts on the subject and make a reference  that might help others.

Business Vetting is Space-Time Travel

Do you think I’m exaggerating by saying business vetting is a form of space-time travel? If so, I beg to differ. If you don’t take it that seriously then you’re in danger of losing large chucks of time and money. The stakes of either a “Go” or “No-Go” decision are immense. The mission, if you choose to accept it, involves:

  1. Deep consideration of the experiences of others.
  2. Knowledge of location and service.
  3. Intimate knowledge of self.

Keeping all these factors, and more, in mind, around a business that doesn’t yet exist, is serious mind-work. Li Ch`uan sums it up, as follows:

Given a knowledge of three things—the affairs of men, the seasons of heaven and the natural advantages of earth—, victory will invariably crown your battles.1

Martial Arts Studio – Questions, Factors, Mentors & Ideas

Subject expertise is only a starting point in creating and running a business around that expertise. I have no expertise in the Martial Arts or the studios in which they’re taught. Someone with expertise could make a better list. But, they wouldn’t make a better list without placing a high value on business vetting and letting go of their fears of exploring the unknowns.

Pedigree

Dojo’s seriously value their pedigree. Who started the art? What inspired them? What problem were they trying to solve? What is their philosophy? Who were their first students? Then the same questions start over, again, with the first students and the next.

Certifications & Organizations

  • Organizations to become member of?
  • Do members typically make a profit?
  • Mentor sign-off/Certification?
  • Entity Choice?

Tools: Studio equipment, posters, mats, props, safety, uniform suggestions, patch design, belt systems, belt requirements, rate of progress?, web site formats/info, accounting programs, taxe, entity choice?

Location

  • What factors do successful studios consider before choosing a location?
  • What factors would successful studios have considered if they could relocate?

Students

  • What is the expected # of students per population size of the city?
  • What is the needed # of students needed to pay for average expenses?
  • What is the average age range of students that make a long-term commitment to the art?

Mentor Modeling of …

When vetting a business, the ideal is to find a real-life mentor who’s “been there before”. If you find one, do whatever it takes to spend time with them. Take your potential business out for a virtual walk by asking them about theirs. Every word out of their mouths is pure gold. The mission is to Simulate Virtual Failure (To avoid actual failure).

  • Fees?
  • Schedules?
  • Number of Instructors needed per students served by studio?
  • Do you pay advanced students to handle instructor overflow?
    • How Much?
  • Seasonal Considerations?
  • Private Lessons
    • Offered?
    • Price?
    • Schedule?
  • What’s your day/week/month/year like?
  • What do you wish you had done (that I could do, now)?
  • What are you about to try (that I could also try)?
  • Profit expectations per location?
  • What obstacles were crucial to overcome to breakthrough to success or smooth operations?
  • What are common obstacles that have taken down other MA operations (That I could start planning to overcome, now)?

The Ideal Time to Fail, and to Succeed

The ideal time for a business to fail is before it starts. That is, before time and money (or fortunes) have been invested that may never be recouped. Ironically, as captured in the Sun Tzu quote at the beginning of this article, the ideal time for a business to succeed is also before it has started.

The “enemy”, for business vetting purposes, is any factor, external or internal, that would cause the business to fail, or become unsustainable. Would you prefer to subdue your enemies after they surprise you or before they even know there’s a war?

For to win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill.1

There’s so much to running a business that owners must subdue most “enemies” without fighting. Otherwise, they’ll be fighting all day. A Martial Arts studio, especially, ought to save the fighting for the mats.

Try to Talk Yourself Out of It

Entrepreneurs are naturally optimistic. To counterbalance this natural demeanor, try talking yourself out of the business you’re vetting, instead of into it.

If you can talk yourself out of a business idea, then you should. Doing that, gracefully and thoroughly, is what How to Vet a Business Idea in 10 Minutes is meant to accomplish. As my friend, David, used to say:

If you want to be a writer, then don’t. If you have to be a writer, then good luck to you.

Successful Vetting ‘Failures’

I have no idea if a Martial Arts studio is a good business or not. In this section, I’m not speculating, either way. I’m merely offering an example of what a successful vetting “failure” might look like.

What if my friend gets to the end (or middle) of vetting her business and realizes that running her own studio is not going to work? Maybe it won’t pay for itself, won’t make enough of a profit, would require 70-hours-a-week, or that she’s got the right idea for the wrong location, etc. Would that mean she’s, somehow, failed?

Not, at all! She could then redirect maximum effort and resources back into her passion for the Martial Arts. She’d only be able to do that with resources that weren’t lost (on a business that wouldn’t have succeeded, anyway). One of the worst possible outcomes of a failed business is to leave the owner, not only drained of money and energy, but drained of passion for the service, or product, that made them want to start a business in the first place!

If a Martial Arts studio is a “No-Go” for her location then perhaps her “Go” would be to switch gears to offering private lessons, only. Perhaps those private lessons could be made available only to exclusive clients who would pay more for her time. Maybe there’s a resort in her area that would love to have a Martial Arts teacher on tap to teach high-paying classes to guests. If a studio-sized operation won’t break-even, or make a profit, then she’ll be making more profit on her first private lesson than she would have made by running an entire studio!

Passion vs. Business Forms of Expression

I believe all non-destructive passions are good. And yet, where the application of our passions may fit into a business is not always obvious, or conventional. One of the best payoffs of good business vetting is the preservation of our passions so they may be optimally applied, later. The conventional application of well-known passions or talents, may have little or nothing to do with what makes money. It may also have little or nothing to do with their optimal deployment. We should indulge our passions, anyway. Develop them, and enjoy them, while vetting business ideas that may lead to their optimal deployment.

100 to 1

Be willing to get to the end of a hundred business ideas that never start because they can’t succeed. Only then will you have the full confidence and resources to fully engage in a business, around your passion, that will.

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.”1

Yep, that Sun Tzu dude knew what he was talking about!

  1. “The Art of War.”, Sun Tzu ↩
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How to Sell Your House Without Using a Realtor
Banking

How To Sell Your House Without Using A Realtor

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If you can read this article you can sell your house without using a realtor. I’m doing it now and its taken 2-4 hours a week to keep the sale on track. Selling without using a realtor will save you 4-7% on the sale price. The median priced home in the US in 2008 is $212,400. A 4-7% commission on the sale is $8500- $15,000! That’s a lot of money. How long would it take you to save $15K after you pay your mortgage, food, clothing, children’s school, insurance, car payments, income taxes, state taxes and pizza on Fridays? This is the story of what I did to sell my own house; how it happened, what worked, and what didn’t. I’ll tell you what I would do differently the next time, problems that had to be solved and tips I would offer other sellers who want to sell their house without using a realtor.

Worse Time to Sell, Ever!

There has never been a worse time to sell a house than now (10/8/2008). Truth be told: I had the ability to avoid selling at the wrong time, but, got caught for reasons beyond the scope of this article. I’m not complaining: At least I was able to sell, to find the buyer myself and for what I know to be the highest price possible. The excess inventory of houses on the market is huge, prices are down 30% and the average house is on the market for 11.2 months before being sold or taken off the market. What made the process harder for me was the constantly falling prices throughout the sale. If I can sell a house in this market, without a realtor, from three thousand miles away without even showing up for the closing then every seller has good reason to be optimistic.

Help-U-Sell Wouldn’t Return My Calls

The first thing I did was look for a company I saw on 60 minutes called Redfin. I liked their philosophy on breaking out realtor services into parts and giving the seller the option of choosing which services they wanted. Since I was selling from a distance I thought paying for the help would be a wise tradeoff. There were no Redfin offices in Boca Raton, Florida. So, I looked for a local Help-U-Sell since they break out their services, too. My wife used them to sell her house in California and had a good experience. She believes it saved her a lot by using them instead of a old-school realtor. They added her to the MLS, advised her on price, did several open houses which eventually produced a buyer. My first call to Help-U-Sell was not returned. My second phone call to Help-U-Sell was not returned. My friend David called a third time and they didn’t return his call, either. This is what lit my fuse and got me thinking about selling it myself. If they won’t return my calls maybe they won’t return calls from potential buyers, either? And after my wifes experience I didn’t want to have to pay the whole 6% commission to an old-school realtor.

Brief Summary of My Sale

I live in California and will be closing on the sale of my house in Florida, this week. I hired a friend to prepare the house for the sale, set the price, found the buyer, arranged for a Title Company to handle the escrow and the paperwork and will not be present at the closing. The title company is sending all the documents to me in California to perform what they call a ‘mailaway’ closing. I’m not bragging. It’s a description of what happened. My friend David spent two weeks at the property preparing the house, painting, putting up the sign, hanging a lockbox on the door, gathering info on the local market and fixing up the kitchen and bathroom. Excluding David’s work, its taken 2-4 hours per week to find the buyer and keep the sale on track.

The Steps

These are the steps you’ll be going through to sell your house:

  1. Preparing the House
  2. Setting the Price
  3. Finding a Buyer
  4. Negotiating the Details
  5. Doing the Paperwork
  6. Solving Problems
  7. Closing

If you’re like me you may think you need a realtor to help with every step. What I’m going to explain in this article is that realtors help you mostly with Step 3.: Finding a Buyer. I was worried about all the paperwork. All those contracts, disclosures and escrow forms. Don’t realtors handle all that? No, they don’t. The Title company does. Your realtor just calls one and turns it over to them. You can call one, just as easily. They make the paperwork a breeze. You have to manage all the other steps, anyway, whether you use a realtor or not. With a little extra effort you can find your own buyer (Step 3), too. If you do, you’ll be paid handsomely by saving yourself a large commission. To put it another way: Finding a buyer is the most expensive part of the process to outsource.

Warning: This Article Could Be a Book

Some books have one thing to say and take a book to say it. This article has a books worth of things to say and will take an article to say it. Update: I did have to make this article into a book. It grew to ~20,000 words and is now a mini-book. I’ll post a few more thousands words, here, and you can download the book, for free … Click here to subscribe A web search reveals that people have written books about this subject. I haven’t read them, so, can’t vouch for them. Searching Google turns up many articles about this topic. I found these articles to be encouraging, but, not conclusive. They don’t seem to be written by actual sellers who went through the whole process of selling their own house. The next time you search for articles you’ll find this one. Problem solved. The goals for this article are:

  1. To document and guide you through every aspect of one sale: My own.
  2. To be complete enough that you could make a decision to use, or not use a realtor for your own sale.

I’ll be as brief as the subject allows. When you’re selling your own house it won’t seem too long. Hopefully, it will be saving you time, effort and some money, too.

Terminology

A broker holds the licence for a Real Estate office. They are the only legal party eligible to receive the entire commission. It is harder to become a broker than an agent in that there are more tests involved and more legal requirements to keep the license active. An agent works for a broker and receives a percentage of the commission for conducting the sale. A realtor could be either an agent or a broker. This article will use the term Realtor, in most cases. It does’nt matter whether you’re working with an agent or a broker. They’re both realtors and, therefore, working for a commission.

Real Estate Commissions – The Last Dinosaur

The internet has destroyed or brought into the new millennium every commission known to man. Every commission, that is, except for what realtors take for connecting sellers with buyers.

Realtors Make More than Architects?

My brother was an architect. Architects earn one of the hardest BS degrees taking five years of college, not four. When they graduate they spend 5 years preparing for the boards. During that dues paying period they make half as much as a good waitress. When they finally get their board certification they still have to work another five years for another architect because its so difficult to establish a practice. Yet another another 5-year dues-paying phase. Architects design, draw, code, change, every aspect of material and space and attend to every imaginable detail to bring a building into existence. Their exposure to liability is insane to the point that many can’t afford the insurance. If an architect does manage to have his own practice the costs to run the practice dwarf those of a brokers office. What’s the architects commission on a building after this lifetime of preparation, exposure to liability and detailed work on the building, itself? Six percent. That’s right, the same commission a broker gets. How would you compare what an architect does for a building to what a realtor does for it? How would you compare the cost of education and training of an architect to that of a broker? Case closed. I’m not criticizing Realtors, agents or brokers. I’m criticizing the size of their commission. It’s disproportionately large for what they do compared to an architects work on the same building. How much work does it take you to earn the money your about to turn over to the realtor for finding a buyer?

The Biggest Deal of Your Life

Selling your house is the largest deal most people will ever do. Optimizing the 6-7% commission on that transaction should be a priority. I say ‘optimize’ instead of save because, if you do pay a commission, you should get the best service you can and pay only for the services you get. Many people would say they want to use a realtor because it’s the biggest deal of their life. After all, if you pay 7% to an agent that’s still leaves 93%. If you feel this way I still think you should try selling yourself for the first 30-days.

What About the Other Transaction Costs?

Can you save on them, too? Yes. But, why talk about them before you’ve gone after your biggest cost? The other transaction costs pale in comparison.

DIY, Not!

Just because I want to save the 6% commission to a Realtor doesn’t mean I want to conduct the whole sale, myself. No, thank you! These two things are not the same thing. Enlisting the talents of other people is a smart thing to do. And its a brilliant thing to do when selling your own house. I received (And paid for) an extensive amount of help on each step of the process. Several things motivated me to attempt the sale without using a Realtor:

  • My opportunity cost is currently low.
  • I’ve read a lot on the subject and am familiar with the process.
  • I’m an experienced buyer, but not seller.
  • I wanted to see if saving the 6% commission was possible.
  • I have another house for sale and could save 6% on that one, too.
  • If successful I could write this article and help others save a chunk of money in bad economic times.

And, like I said above, Help-U-Sell wouldn’t return my calls. Too bad for them.

Real Estate Expert, Not!

The subject of Real Estate is vast. One could devote a lifetime to all the various aspects to become an expert. Even then, a true expert would have to specialize because there are so many fields of knowledge involved. So, what?! I didn’t have to be an expert to sell my house, expertly. And, neither do you. A mere play on words? Not in my case. I’m selling a house, not running a business or a career. I suspect my perspective is more useful to other sellers because I’m not an expert. You don’t need to be an expert to have each step of your sale be expertly done.

Don’t Become an Agent

Becoming an agent to sell your own house is like “Burning down a house to make toast”. Total overkill. Not needed. In fact, being an agent is probably a liability, see below. Don’t become an agent just to sell your house.

Liability, Not an Asset

In 2002 I studied to become a real estate broker. I enjoy the subject, read all the prep material and thought about taking the tests. But, working as a broker or agent did not fit my personality so there was little point in getting the license. One of the things I learned is there’s a downside to being an broker: They’re held to a higher legal standard of performance. In practice, this means you’re exposed to more legal liabilities because its easier to accuse you of negligence if you have a license proving competence. So, why not just be competent without a license? I’m more interested in having knowledge and understanding than in having a license saying I do. Dishonesty at any stage of selling a house is more likely to blow the deal than anything. But, the law can often be an ass. Let it be an ass to someone else. Don’t get me wrong: I’m not claiming to know as much as a broker or an agent. They have their focus and I have mine. Theirs is to run a business and earn commissions. Mine is to sell my house for the optimal price and keep as much of the proceeds of the sale as possible. Those two areas of focus are not the same.

John T. Reed – Thumbs Up

Much more helpful than reading the material for the brokers license was reading John T. Reed’s books on the subject of Real Estate. I read all 20 of them and they’re the best survey of the field of Real Estate I’ve ever found. Each of his books describe a different aspect of Real Estate mostly for the benefit of investors, specifically. However, taken in total, the reader is given a practical overview of the subject like no other. What’s great about John’s writing is his readability when writing about a complex subject. He will tell you in two pages what would take another author an entire chapter if they had the knowledge to say it. In my opinion that makes John an expert’s expert. Although I highly recommend all of John’s Real Estate books I don’t think reading them is a prerequisite to sell your house without using a realtor. However, there is no doubt that you’ll do a better job of it if you do. You’ll have to decide that based on your goals and time available. It should go without saying that the cost of buying all of his books is nothing compared to the deal you’re trying to optimize. (Note: This article is a report from the battlefield of my sale. Don’t blame John for mistakes I made and write about in this article. At some point, we all have to stop reading and start doing. I read until I was blue in the face and still made mistakes. That’s just the way it goes when you’re in the ring and have to get the job done. Rest assured I made less mistakes, and lost less money, by learning from others experience and writings.)

How Do You Handle a Hungry Realtor?

By understanding what they do, what they charge, how they talk and what motivates them. You may even end up hiring one. If you do I hope you’ll be able to put their role in perspective and limit their service to the help you need to conduct the sale.

Realtors Want Speed, Not Price

Brokers use price when deciding what state, region, city, neighborhood or type of property to specialize in selling. After that its all about speed. Any broker in their right mind values speed over price. Brokers make more money if they sell more houses in less time. Even if they’re only selling one house it’s a better use of their time to sell it quickly. No problem, so far. Why tell you the obvious you may be wondering. Because the higher the price the slower the sale. In fact, if you know the fair market value (FMV) for your house and take 5% off that price John T. Reed refers to it as the ‘Quick Sale Price’. Its called that because you can sell it within a week if the market is efficient. Click here to subscribe

Doesn’t Higher Price Means More for Them?

Sure, their commission, based on percentage, goes up with the price. But, the amount the commission goes up as the price rises is small compared to the commission on the whole deal. Sure they’re supposed to represent your interests and a lot of that is getting the highest price possible. But advising you on the highest price you can get will almost always add time to the length of the sale. That may be ok with you, but, it is not in the realtors best interest. Even worse, setting too high a price is the most common reason for a deal not going through, at all. And setting the price, even for the ‘experts’ is not an exact science. Why take any risk at all, the realtor may conclude. I’m not making a blanket accusation of realtors, here. I’m merely pointing out there’s a natural tension between getting the highest price you can and the time it takes to sell. And you should know that the realtor cares a lot more about speed than you do about price. There’s little to no incentive for the buyer or sellers broker to hold out for a higher price. A realtor will probably tell you if what you’re asking for is too low for the area. But, its more likely a broker will need to talk a seller down in price. Some of that may be to correctly adjust a sellers unrealistic expectations, fine. However, be on the lookout for the suggestion being offered merely to increase the speed of the sale. If it is, make sure that’s what you want to accomplish. Unfortunately, its always to the brokers advantage to lower the price . . . to increase the speed.

6-7% and The Seller Pays It All

Realtors say they only charge 3%. But, there are two realtors: The buyers and the sellers. They each charge 3%. That makes realtor fees 6%. Most of the time the seller pays it all. The marketplace has decided the seller has more to gain from the sale than the buyer. I don’t like that, but, it makes sense when you realize the seller has one house to sell and the buyer has many houses to choose from. Why would a buyer pay broker fees if they can buy the same or similar house and negotiate those fees away? This has become standard behavior so sellers know they have to pay all the broker fees and most of the other closing costs, as well. The exceptions to this are when the buyer doesn’t have competing choices for the house or has decided they must have a particular house. Any situation that would inspire these feelings in the buyer have the potential for the seller to get the buyer to share in the broker fees.

Do I Have to Pay the Buyers Broker?

Not, at all. But, don’t blow a good deal over it. Even if you don’t use a realtor you may get a call from a realtor who has ‘found’ you a buyer. As with all people interested in your house I recommend you show it to them.

Don’t Let Them Screen You

Don’t let the buyers realtor screen your position on paying their commission before they show their buyer the house. If they don’t like what you say they may not show their buyer your house even if your house is perfect for their buyer. This would be a violation of their ethical code as a realtor. But, I don’t recommend you risk losing a buyer for your house by relying on their broker adhering to their own ethical code. On the initial phone call just tell them the truth: You’re willing to consider any offer, agreeable to all parties, that will make the sale go through.

Your Options

If their buyer is interested in making an offer you have the following options for paying the commission to the buyers broker:

  • Recommend the buyer pay since the buyer benefited from their service.
  • Agree to pay them a commission, but, you only pay X% to buying brokers.
  • Tell them you’ll pay if the buyer increases the sales price (Same as buyer pays).
  • Don’t pay them and leave the choice to the buyer (Probably resulting in splitting it).

It’s possible the buyer signed a contract with their broker. That’s got nothing to do with you. Don’t interfere with a contract the buyer may have signed with his broker. In other words, you have options, but not obligations, if a realtor shows up and wants money from you for a buyer.

Offers to Help With the Sale

When they find out you’re not using a realtor they may offer to help you conduct the sale in exchange for a commission. You should already be prepared to handle the sale, yourself. Tell them no thank you. They have enough to do helping their buyer find a house, a loan and guiding them through the sale. You’ve already got a Title company handling everything and don’t require assistance.

Be Prepared For Intimidation Tactics

You may get all sorts of intimidating advice from Realtors, at this point. All of it is aimed at trying to get you to use a realtor instead of finding a buyer yourself:

  • They may threaten to ‘take away’ their buyer (Which violates their professional obligation to act for the benefit of their buyer).
  • They may imply you’re a fool and know nothing about real estate and should let the experts handle it.
  • They may claim you’ll never sell the house if its not on the MLS, which they can generously put you on (For 3%).
  • They may throw escrow terms around in the hopes that you’ll be intimidated.
  • They may try to confuse you on the steps of the process.

Hopefully, you’ve read my entire article by then and don’t fall for any of it.

Divide and Conquer

This is how ‘experts’ do it: They talk fast and confidently, using terms you havn’t heard, about a subject that’s new to you. Your wife, or you, get nervous and says, “Maybe we should stick with the professionals”. The remainder of the conversation is you pitting your instinct up against their ‘expertise’ on a subject you haven’t yet studied. Even if you ‘win’ the argument they change the subject and say another misleading 50 words to start over again. Since you’re going with instinct and it appears the agent is going with ‘facts’ you get in an argument with your wife because she wants to go with the ‘experts’ because the deal involves so much money. I truly hope this article helps you with that situation. I will give you one example, and how I would handle it, below. However, I can’t address everything that may come up. If you do decide to talk with a realtor I recommend studying up on all the potential things that might come up before the meeting. Especially if your meeting as a couple. Why not print out a copy of this article for your wife? Heck, at the very least you can show the realtor this article and say, “Why can’t I do what this guy did?”. Maybe it will change the subject into a service you might want to purchase from the realtor. Something costing less than their entire 3%, I would hope.

One Example and How I Would Handle It

Here’s one example of the kind of misleading advice brokers give out. Its from an article on the web written by a Realtor named Elizabeth Weintraub on about.com. The title of the article is Who Pays the Real Estate Commission? How Does an Agent Get Paid? Elizabeth writes: “It can be argued and, quite rightfully so, that the buyer always pays the commission. Why? Because it’s typically part of the sales price. If the seller did not sign an agreement to pay a commission, the sales price might have been lowered. And therein lies the appeal of buying homes through unrepresented sellers because, given the same logic, those prices should reflect a net sales price without a commission. But those sellers haven’t quite figured this out yet which causes potential buyers of those listings to be consistently disappointed.” Ms. Weintraub’s advice is wrong, misleading, insulting to sellers and meant to intimidate potential buyers and sellers of FSBO (For Sale By Owner) properties. Let me explain why: (Note: This concludes the excerpt from Chapter One of the e-book,  “How To Sell Your House Without Using A Realtor”. It grew to ~20,000 words and is now a mini-book. You can download it, for free, from McGillespie Free Resource Library.) Click here to subscribe

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Self Portrait 1
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The Seven Matters of Life

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“Everything should be as simple as it can be, but not simpler.”

— Albert Einstein

I’ve found that life can be optimized with respect to a minimum of seven areas. Delete any one of them from the equations of your awareness and your life will degrade, sooner or later. Since these areas are irreducible I call them the Seven Matters of Life. They are: Personal, Health, Spiritual, Business, Family, Law, & Government.

The Seven Matters exert an inevitable, if not invisible, influence on our lives. As with natural laws describing gravity, time, the speed of light, etc. they persist whether we ignore them or not. We “escape” them only through acknowledgement and mastery.

My writing is an informational vortex swirling around the Seven Matters. Ideally, it serves as a generational boost to reduce the time needed to put your own life on optimal track.

A Portrait of the Seven Matters

To portray the seven matters I’ll use a pattern-type at the core of natural design: Fractals. Before fractals were discovered, Hollywood was unable to reproduce mountain landscapes without using artist renderings or real pictures of mountains. Now, they use triangles, a computer, and a dash of randomness to create breathtaking landscapes.

The point of using a fractal to portray the seven matters of life is this:

Fractals prove that stupefying complexity can emerge from utter simplicity. The reverse is not true.

Also, I want to make a point, graphically, about the nature of optimizing one’s life:

Even when a complex solution is needed it will inevitably be constructed with simple (not simplistic) components.

The Metatron Cube

One of my favorite fractals is the metatron cube, sometimes referred to as “the flower of life”. It’s formed with 13 spheres set in relation to each other, like this:

Wire Metatron Cube
Within the metatron cube are many other shapes. For example, it contains all five platonic solids.

metatron platonic

In this revolving view the cubic relationships of the same fractal are emphasized.

Metatron in Motion

Fractals can represent infinity by putting the same fractal within itself. Here’s what a metatron cube looks like with each sphere filled with its own metatron cube:

Metatron Infinity

Working Portrait

Please don’t mistake the colorful portrait, below, as “New Age” philosophy with its nauseating relativism. To the contrary, it’s a working portrait of the seven matters  at the core of each person. Though we’re all unique, and at differing levels of development, our design is specific and persistent.

Self Portrait 1
Notice these aspects of the portrait:

  1. The seven inner-spheres of the core correspond closely to the seven matters of life.
  2. The “matter” at the center is Spirit; a reference to the spirit inside you and to God.
  3. Each sphere is a fractal identical to the others, and to the whole.
  4. The outer spheres represent personal interactions with the external world. They are the natural outward reach stemming from the inner core.
  5. To the extent the inner-core is balanced, so is the person, and so are interactions with the external world.

Everyone has these “matters” in their life, in one formation or another. My choice of their positions is, therefore, a kind of self-portrait. Change the position of the “matters”, especially the one in the core, and the resulting life of the person will be quite different.

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Your Optimal Equation
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Introducing Your Optimal Life Equation

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Your Optimal Life Equation (YOLE) is an algebraic formula to describe, contemplate, and re-calibrate the optimality of one’s life.  The relationships of the major elements are shown as well as the potential  impacts a change may have. The equation is introduced, here, and referred to throughout the “The Outliers Handbook“.

When I got the idea to describe an Optimal life with an algebraic formula the flaws in the approach were obvious: The units don’t match and assigning one number to something that, by its very nature, is multi-dimensional is absurd. Such absurdities are built-in to something else passed on as knowledge, every day . . . the IQ. Who in the world thinks something as multi-faceted as intelligence can be fully captured and described by an integer? It can’t. And yet, the IQ is still, somehow, useful. So is YOLE.

Cross-discipline metaphors are useful for the same reason any metaphor can be: Patterns in nature are like other patterns in nature. Sometimes, the same fractal pattern in one natural structure is duplicated exactly in another. Fractals prove that stupefying complexity can emerge from utter simplicity. The reverse is not true.

Those who have no problem “dividing” a mountain by a triangle  or seeing the golden ratio in a conch shell or human face may find YOLE useful. It doesn’t reach fractal-like perfection (Yet) but Your Optimal Life Equation may show how some of the major elements of life may be changed to lead to a more optimally functioning one.

Your Optimal Equation

Where all people have S,W,V,G,H,T,El,j,c and at least one Pg. Not every person has Pr, Pb or EB.

 

YOE-Variables
Key

Talking Through the Equation

The sum total of your Strengths and Weaknesses is all you have to maintain everything you Value, your Goals, the People in your life (H), and the Things you own. The results of that division is multiplied by  the purposeful roles you play in the lives of others, the purpose of your business activities, and whatever you most desire or worship (Your God). The resulting numerator is what you bring into (Is divided by) your larger environment: The physical or virtual stage of  your life and business. The major elements of your Environment are physical location, legal jurisdiction and community. Your business may have a separate environment with its own physical location, legal jurisdiction and community.

Small Changes Can Have a Huge Impact

The legal jurisdiction of one’s physical body and business could be the sole determining factor of whether one is at liberty to accomplish anything, at all. Likewise, the wrong community could leave one alone and bereft of the amplifications (And enjoyment) that a strong and thriving community can provide.

Whether or not one has an immediate family, an optional component of Pr , will have a huge impact on the nature of the most purposeful roles in one’s life.

What You Control . . .

You determine the inputs and amounts of most variables. You may have little to no control over some of them, in the short-term. You can have some degree of control over most of them, eventually. It’s  daunting to realize how most of the important aspects of life are the direct result of personal choice. The sheer amount of decisions one could make to optimize life is probably why people rarely take full control over all the elements they could potentially control. Of course, depending on resources available  (Strengths) an attempt to control everything might lead to a failure to control anything.

. . . and What You Don’t

Your unique disposition of strengths and weaknesses is part of your natural disposition at birth. You have huge latitude in honing and deploying strengths. You also have many options for minimizing the impacts of natural weaknesses. However, it’s still mostly a matter of playing smarter with the hand you’ve been dealt.

Likewise, you don’t choose to live on “The grid” of planet earth. You choose where to locate the various elements of your life on that grid.

You don’t choose the members of your local (And virtual) communities. You choose the location and subjects around which those communities are organized, and possibly united.

On Values

Values present a cost to maintain and uphold. Hold to as few of the best values in life while tending to values.  Discard bad values and replace merely good values with great ones. Great values are consistent with Purpose(s) and decrease net costs to Strengths.

On Goals

Goals are costly to achieve. Achieving goals is usually a good thing. A great thing, however, is achieving great goals. Great goals align with the purposes of your life. Discrimination between good and great goals requires awareness of purpose(s).

On People (H)

People can be among the greatest sources of abundance on earth. They can also be the most taxing. The task here is to have the right balance of people in your life. Those congruent with your purposes will bring abundance to your life (And you to theirs) even if they’re taxing. For one thing, people tend to motivate growth. Growth makes us stronger and leaves us with more strengths to optimize life. Therefore, the tax of people in our lives may be a large cost in the short-term and change the fundamental balance of the equation in the long-term. People are a “Capital” investment in the grandest sense of the world.

On Things

Things, or possessions, require some combination of storage, maintenance, insurance, licensing, money, time, registration, bill processing (Registration renewal, licensing updates, etc.) and on and on. The least number of Things you need to accomplish purpose(s) the better.

On Purpose(s)

Ants, snails, and bugs may have one purpose. People have multiple purposes. The popular myth that people have just one purpose is harmful and tends to thwart the discovery of what one’s purposes may be. There’s a purpose for every role, family member, business activity, ongoing responsibility and activity in your life. The YOLE encapsulates them all into the roles you play in the lives of others, business purposes, and God (Pr,b,g).

On Environment(s)

Personal and Business environments might be separate. Therefore, the equation allows for both E and EB. Each have their own components of physical location, legal jurisdiction and community.

Location has a dramatic affect on the prevailing Law, Jurisdiction, and Community with which you’re interacting with in time. However, physical location is not a static, one-time-only, choice. With cyberspace, jet travel, dual-citizenship, and multi-state and national entities a person’s Environment is no longer determined solely by physical Location. Of course, if your E and EB are tied to one physical location then it makes the equation easier to “Calculate”. The cost of that simplicity will probably increase as technocratic mechanisms of control and taxation become more refined and perfected. Also, as such mechanisms are refined and perfected E, EB, and their subcomponents will tend to merge into one. The more completely merged, the more each component will be the same for more people. Physical locations will always vary but characteristics of legal jurisdiction and community may become so similar that distinctions are of little importance. In some ways this can be seen as one drives across the US stopping into the “Same” fast-food franchises in every state.

Environments are multi-locational and sometimes virtual. Where is the PT (Perpetual Traveler) located if his business is in one country, money in another, investments in another and body in another? His body can only be in one location at a time, of course. But will he be there long enough to be viewed as a resident (Legal jurisdiction)? Even so, his business may be in a different jurisdiction. Complex combinations can grow out of varied components of E and EB.

Reality has ~10 Dimensions, Not Four

Theoretical physicists now presume Reality presents in 10 dimensions. That’s six more than most people assume comprise the Reality in which their life is taking place. To distinguish the standard four from the 10 I’ll use the convention of uppercase Reality (10) and lowercase reality (4). I might turn YOLE into a graphic to account for Reality. For now, think of E as not limited to the dimensions of X,Y,Z and Time/Space but extending into dimensions that may or may not be discernible to the five senses.

People with a keener sense of dimensions, beyond the four, may possess either a physical, intellectual or theological strength. Some choices of Pg enable such awareness and some preclude it. Since anything that obscures the full  dimensions of Reality is a handicap one can better optimize life with a Pg that enables full awareness.

What God?

Desire provides powerful insight into purpose. People align their lives with what they most desire in the moment. What people most desire can be described as their god of the moment.

There are as many gods (Idols) as there are nouns in the dictionary: Money, alcohol, sex, prestige, control over others, Buddha, Allah, nature, Lucifer or the Holy Trinity of the God of the Bible, etc. Gods are swapped in and out over time. Whatever one desires most during a given period is the god of that period. Sex in the morning, money in the afternoon, control over others at night . . . gods tend to become the sole purpose of one’s life for the time period they are most desired. During that period everything about the person tends to be oriented around obtaining or reveling in (Worshipping) whatever it is. Such desires effect physical, mental and spiritual changes in the person experiencing them. In a sense, we become what we most desire.

Business (Job) vs. Calling

If what you do for a living is also the highest purpose of your life, i.e., your business or job is also your calling,  then Pb will be a higher “Number” or of greater magnitude, to be more accurate.. The components of your business environment (EB) will still have a large impact on the equation but the first main numerator of the equation will tend to offset any negatives that may be components of EB.

Some Output Examples

O = (((S + W) / (V + G + H + T)) * Pr,b,g) / (El,j,c * EBl,j,c)

  • Strength(s) and Purpose(s) are the positive inputs used to optimize life. Their number, amount, deployment and alignment determine the positive “Numbers” of the equation, after which, everything gets divided.
  • By minimizing the impact of your weaknesses the impact of your strengths is greater.
  • Choose only the highest quality Values to uphold or maintain because any value presents a cost to your strengths to maintain. Replace merely good values with great values.
  • Choose only the highest quality goals to accomplish because any goal presents an achievement cost to your strengths. Replace merely good goals with great goals. Great goals still tax your strengths but are also components of Purpose and, therefore, counterbalance the equation.
  • Surround yourself with high quality people. All roles and relationships tax your strengths but the right people are components of Purpose and counterbalance the equation.
  • The less Things you own (Store, maintain, insure, move, sell, buy) the better. Anything that owns you must go. Such things make an optimal life impossible unless the purpose of your life is Thing(s).
  • If you have no Purpose(s) the chance of optimizing life falls to zero.
  • If you get stronger (Or deploy existing strengths more efficiently) you can support more Values, Goals, People and Things in your life. However, the least number of these you have, ideally keeping only those that will be factored with  purpose(s), the more optimal your life.
  • If the impact of your weaknesses are lessened you can support more Values, Goals, People and Things in your life because the tax (Direct subtraction) to your strengths is lessened.

This is a short list of example outputs from YOLE. It is, by no means, exhaustive.

On and On It Goes

There’s no end to the complexities of even one human life. The YOLE can be referred to in the middle of a storm (When nothing seems clear because everything is happening fast) or tranquil waters (When everything is fine and you want to focus on what small changes might have the best impact). Whatever the context it can show how some of major elements of life may be changed to enable one’s life to function more optimally. In “The Outliers Handbook” I refer to the equation in the context of the subjects and areas of life being addressed.

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Investors File Criminal Charges Against Kenneth Johnson and Pamela Del Real, FBI and IRS Notified

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As promised by investor Lt. Col. Thomas Baker, the forensic reconstruction of Galt’s Gulch Chile has been completed and was hand-delivered to the FBI and the IRS on June 8th, 2015. Informed by the reconstruction, investor David McLeod filed criminal charges against Kenneth Johnson and Pamela Del Real in Chile (Docket number RUC 4710-2015) on May 20th. More US civil suits against Johnson are likely to follow.

On a phone call with Cathy Cuthbert, she described the forensic recontruction as a wellspring of previously unknown facts and details about what actually transpired around GGC. Timelines, Contracts, Accounting, Wire Transfers, Corporate reports, Recorded conversations between Johnson and investors, Videos, Credit reports, etc. showing Johnson to be at the heart of the problems surrounding GGC he has blamed on others. In other words, despite Johnson’s claims of working for the investors as a developer the reconstruction shows that the “service” Johnson has been providing them is similar to that which the bull provides the cow.

Readers of this GGC series will find it no surprise that Johnson used investor funds to spin a complex web of deceit involving multiple entities, off-shore trusts, multiple bank accounts, share swaps with Mario Del Real and others, inflated prices, ridiculous late fees, absurdly negotiated prices, etc. all while using corporate bank accounts like a personal checking account.

It’s tempting to leave Jeff Berwick out of discussions about GGC now that he’s so publicly apologized. Unfortunately, his involvement in cutting Cobin and German out, starting a different entity into which to take title (IGGSA) and trying to get the New Zealand trust and offshore structures in place is quite evident in the reconstruction documents. There’s little doubt Ken Johnson was the instigator of the most serious problems with GGC, and continues to make all things worse with his presence and current behavior. However, to say Berwick wasn’t right there at the beginning is to not tell the story, correctly, at all. As mentioned in Part 3 my hope is that Berwick will externalize his contrite heart into some modest assistance to ongoing recovery efforts or investors in extreme need. With the introduction of these new charges, with more to follow, the publicity surrounding the aftermath of GGC is not going away, anytime soon.

Note: The criminal charges filed by David McLeod, and some documents of the forensic reconstruction I was able to coax from the recovery team, have been added to the free E-book, “The Creature from Galt’s Gulch”. I will continue to add such elements to the book as I receive them and within the boundaries of preserving the privacy of the investors.

Justice Provided by the People Involved

As described by Cathy Cuthbert and Thomas Baker, the breadth and depth of the forensic reconstruction they’ve put together is quite impressive. It’s not only a meticulous investigation and gathering of documents but they’ve formatted the whole thing into a package that makes it accessible to outside parties.

I’m not sure what may have transpired between Tom and Ken but the USMC motto of “No better friend, no worse enemy” might echo in Johnson’s mind for some time to come. That is, if Johnson is able to comprehend what has just happened to him. The agencies he’s just been reported to will hound him for the next decade. Half of that decade will be spent defending himself against the criminal charges that were filed against him in Chile on May 20th, by David McLeod. And, there’s more to come. A rather obvious tip to Johnson would be: The next time Tom makes an offer of either “Friend” or “Enemy” . . . go with the former choice. Who knows? Maybe the recovery team would still let Johnson wiggle out of his fraud if he’d just hand over the land the investors paid for.

The FBI white collar crime fraud division will find that most of the investigative, forensic accounting, and reconstructive work has been done and hand-delivered to them by the recovery team. With so much work already complete perhaps the agency will bump the case to the top of their case-load so they may stand in front of their logo at a news conference and receive some good publicity.

The Del Real Factor

Johnson is solely responsible for inviting a local Chilean, Mario Del Real, into GGC affairs. And yet, investors have been made to suffer Johnson’s endless complaining about problems he’s had with Mario and his daughter, Pamela. That’s because Johnson performed a bizarre GGC stock swap with Mario hoping to make big money on the value of water in an Andes Water company called Rio Colorado. By the time the smoke had cleared Mario owned most of IGGSA and his daughter was the general manager of the company! In other words, Johnson was no longer the dominant share holder of GGC and had lost all control over the entity that holds the land. What great “Development” work, Ken!

(To understand more about this failed deal see Chapter 7, “The Rio Colorado/GGC Share Swap”, in the GGC E-book.)

If you’ve read my “Stolen Car Metaphor” at the end of Part 7 you know my take that Johnson’s epic fail with the Del Real share swap is merely the lamentations of a thief who bungled and lost the proceeds of a previous theft. The fact that Johnson’s audience for these lamentations are the victims of the first theft is exactly the kind of behavior I find consistent with Dr. Robert Hare’s psychopathy checklist.

Any deal Johnson made with stolen shares of stock can, and should be, overturned. Therefore, whether the Del Reals colluded with Johnson, or are merely his victims, is a matter for a judge to decide (Yes, there is no longer any way to resolve GGC disputes without involving state agencies, unfortunately). Pamela Del Real’s resume (She’s now the general manager for IGGSA) shows substantial accounting expertise. Such expertise will make it impossible for her to plead ignorance if there was any foul-play on the Del Reals part.

Johnson’s Latest Ploy, Revealed

Johnson has now revealed his latest ploy and what’s behind his re-occupation of the GGC hacienda and grounds. And, surprise, surprise, it’s a variation on his usual … lies mixed with just enough truth to confuse and divide his listeners against themselves while holding out a carrot and stick for those who either cooperate or resist.

More specifically, Johnson is trying to confuse and divide investors against lead investor Josh Kirley hoping they’ll put pressure on Josh to relent in his legal actions which have locked up Johnson’s sale and pillage of IGGSA assets. He also wants the investors to help him get rid of his “Del Real” problem. The carrot Johnson offers is the same old title to land he’s been promising investors, and not delivering, for the past two years. The stick is his continued presence and purported counter-attacks on investors who “continue to attack him”. For those not familiar with Johnson-speak, the word “attack” describes the actions of anyone who points out to Johnson another of his own broken promises.

If only the investors will help him convince Kirley to relent, and help him get rid of the Del Reals, then Johnson can deliver, at long last, the coveted Titles to actual land the investors have been pestering him about, all this time.

E-mail Between Host and Parasite

A recent e-mail exchange between Josh Kirley (The host) and Ken Johnson (The parasite) is an excellent illustration of what actually went wrong with GGC. It’s also an excellent example of what happens when “The creature” is confronted with truth.

My thanks to Josh Kirley for making this e-mail exchange available:

On Thu, May 28, 2015 at 12:27 PM, Josh Kirley <joshkirley@gmail.com> wrote:

“Ken,

For two years, you keep sending out the same emails. Always full of juicy drama, promising the release of more information in the future. This behavior is unprofessional. It inspires no confidence. Why can’t you just do your job?Try building something. Try living up to your responsibilities. Produce something. Be accountable. If you are GGC’s Minister of Propaganda, who is the Project Manager? Your accusations are baseless and defy all logic.

Tell me if you can refute the accuracy of the following facts. I swear to their order and authenticity.

1) You are wholly responsible for bringing the del Reals into this nightmare.

2) You pleaded with me to give 1 to 2.5 million dollars to Mario del Real for his Rio Colorado Project. You personally vouched for Mario, insisting the Rio Colorado deal was a “No Brainer” and a “Homerun”

3) I told you that I had my suspicions about del Real and would get back to you after performing some due diligence.

4) Once I told you that I was not willing to put money into a second Chilean investment, you totally reversed course.

5) You refused to provide me with del Real’s Ruta number, or even his full name, intentionally stonewalling my attempts to research his background.

6) You told an entire room full of defrauded investors at the second festival that your deal with del Real was a “totally separate” matter between you and him.

7) You told all of us that your alliance with del Real was “none of our business” and would have no impact on our contracts.

8) When I offered to pay, out of my own pocket, to have del Real looked into for you, you refused my help, saying that you feared if I looked into del Real, he might “get spooked” and walk away from your deal.

9) Weeks later, you came back to me, begging for a million dollars. You said that you were double crossed by del Real and you needed me to buy back the shares that you gave to him.

10) When I would not bail you out, you predictably changed your characterization of my relationship to the project from savior to saboteur.

I’m sorry if I cannot respond to each of your lying emails. But, I have to give priority to my day job. I suggest you do the same. Maybe start by paying employees, repaying loans, and living up to the contracts you signed.

Josh Kirley”

The Parasite Responds

“Josh,

As you know, you are lying about most all that you discuss. There are communications between you, Monica Wehrhahn, Ken Carpenter, Alison Sherman, the Del Reals and more. Do you think that those just disappear because you are now pitching your false storyline to yet another news outlet? This has always seemed to be a publicity stunt for you, just as GGC always have been for Jeff Berwick.”

Johnson then goes on a bizarre rant about Jeff Berwick and BitcoinATM, Wire Transfers, Cafayate, Argentina (If you can believe it) and ends with:

“We are working on completing what Mr. Aguirre was unable to complete, or was unwilling to complete. We are working to fix the $1m+ damages that those labeling themselves “rescuers” of GGC have inflicted upon the farm, buildings and property. We don’t spend our time pitching a false story line for our own publicity, as Mr. Berwick and yourself seem to focus on quite a lot.

Ken”

Notice that Johnson does not dispute, nor even address, any of Kirley’s questions or statements. This is the way e-mail “Exchanges” and “Dialogues” go with Johnson. For readers who may have wondered . . . “Why don’t they just ask Johnson if [Insert simple question here] the above exchange with Josh Kirley is your example. Josh speaks the pure truth and asks sincere questions and, in response, Johnson doesn’t respond, at all.

The last paragraph is classic Johnson-speak. For readers who don’t understand the dialect his e-mails usually end with a payoff like this if you know how to read Johnson-speak. That is, you take all accusations as a literal description of what Johnson, himself, has done or is doing. In his last paragraph, therefore, we learn that Johnson has caused more than a million dollars of damage and is pitching false story lines for his own publicity.

Johnson’s Assaults

I’ve spoken with two people who were physically assaulted by Ken Johnson. The first was a young man Johnson tried to push around (Mentally and physically) during Johnson’s employment with The Dollar Vigilante. This young man would not tolerate Johnson’s nonsense and was the first person to speak up to Berwick about his suspicions about Johnson poisonous behavior. If Berwick had listened it’s anyone’s guess how Galt’s Gulch Chile might have played out without the involvement of Ken Johnson.

The second assault was that of a 70-year-old Salesman that worked for GGC who didn’t fare so well in the “Encounter”. Sandy “Clarence” Sandfort was grabbed by the lapels and thrown over a couch by Johnson when he learned that Sandy was about the leave Chile after all of Johnson’s promises had remained unfulfilled. Sandy was severely bruised and Johnson had almost managed to break a few of Sandy’s ribs. He was so shaken up by Johnson’s assault that Berwick had to fly in the next day and negotiate an NDA and payoff to keep Sandy quiet about the assault. Johnson later broke the terms of that NDA by talking about the assault with a third-party. Hence, Sandy’s retelling of the assault to me.

and Taunting . . .

Tatiana Moroz, who worked for Ken Johnson and wrote the GGC theme song, shares her experiences with GGC and with sociopaths in the liberty movement. Most of what involves GGC is in the first 25 minutes of the video, but, the ladies (With Julia Tourianski, BraveTheWorld.com, and Gigi Bowman, gigibowman.com) go on to tell other fascinating stories around the theme.

https://www.youtube.com/watch?v=KqQW5a4dJMk

Contrast the story Tatiana tells in the above video with the excitement she started out with and you’ll get a feeling for the roller coaster ride that was GGC. Tatiana perfectly captures the cognitive dissonance felt by most who’ve followed the promise, and then the reality, of GGC in the hands of Ken Johnson.

Favorite excerpts:

“This nonsense [Sociopaths in the Liberty Movement] is disgusting and ridiculous … and what’s gonna happen, here, is that people are going to leave and they’re not going to want anything to do with it (True Liberty) and all we’re going to be left with is the dirtbags who think this kind of behavior is ok. … And I’m sick and tired of the people that are trying to call attention to the sociopathic behavior within our own movement getting trashed.”

Tatiana’s right, of course. Natural law doesn’t evaporate around people who wish to retain and use their liberties. If anything, we must be more mindful of universal human truths because we are the people exploring the boundaries of liberty. A tolerance for lies, manipulation, sexual assault, and broken contracts is not “What’s up!” in Liberty. Anyone claiming that such tolerance is “Cool” is not a libertarian. They’re just another asshole in disguise.

John Cobin Interview

I had the pleasure of interviewing John Cobin about GGC for 1.5 hours, last week. The interview was mostly for my E-book about GGC. However, of interest, here, is the remarkable consistency of Dr. Cobin’s story with everything he’s said from the very beginning. Cobin is abundantly forthcoming about every meeting, document, e-mail and conversation he’s had with respect to GGC. My reaction to the interview was to tell him that it was a pleasure to speak with someone involved in GGC that looks better and better with each discovered and documented fact about the project.

Cobin said the impression he got from Jeff Berwick and Ken Johnson was that, they alone, might be able to supply the funding for GGC. He had no idea that they would, almost immediately, take his extensive research and information about Chile and GGC and cut him out of the deal. Although he concurs with the possible psychopathy of Johnson he puts Berwick in the same category in terms of the way they defrauded him. And yet, I had the impression that, even now, he would be forgiving of Berwick if approached in some meaningful way to make restitution.

Cobin said Johnson came after him, very agressively, in a libel suit in Chile. Guess what happened when the court date arrived? Johnson was a no-show! I won’t compare a libel suit with a podcast debate, but, I’m becoming quite familiar with Johnson’s cowardice in the face of someone determined to tell the truth. So far, Johnson’s been a no-show on two podcasts about GGC that he, himself, dared me to participate in.

For those interested in Chile I highly recommend the interview James and Johnathan conducted with Dr. Cobin on Monday over at Borderless. Cobin proves himself to be THE reliable source for all of Chile and much of the rest of the “Expat” world, as well. Cobin’s book, “Life in Chile” greatly increased the effectiveness of my 21-day country-vetting trip to Chile in 2012. I look forward to reading his latest book, “Living in Chile” when I can come up for air over the summer.

GGC Theatre

Johnson has been roaming around the property making absurd videos in an attempt to document the damage done by the recovery team. Perhaps the investors share my hope that Johnson continue making these videos as they are helpful in documenting what Johnson, himself, has done.

One of the things Johnson harps on in the videos are the “Damages” done by the recovery team causing a poor yield from the wells. In fact, such poor yields were caused by Johnson’s complete ignorance and inept handling of the well work around the property. Despite the pleadings of the local workers Johnson put Manuel Hermosillo in charge of the wells and the work was terribly bungled. And yet, somehow, the investors end up blamed, yet again, for Johnson’s incompetence. Such GGC Theatre might be a useful prop to help Johnson influence the Chilean locals who have no idea what’s going on with GGC. To those who’ve read the first thing about GGC, however, they are just that much more documentation of Johnson’s failings.

Message to local Chileans:

Johnson’s accusations of others are a reliable confession of his own failings. There is truth in many of the disasters he documents but your messenger is the culprit, not the victim. Johnson’s “Investment” into GGC remains at zero while 76-investors and buyers have given $10.45 million dollars for the purchase of everything you see associated with GGC. 72 of the investors have been begging Johnson to leave for over a year.

What happens next?

First, most of the predictions made in Part 6 seem to be coming true. That includes Johnson hinting that he wants to sell water rights, again. Happily, he’s unable to do so with the current injunctions in place.

Johnson has some time while the ocean water recedes in preparation for a tsunami of new legal problems.

Some think Johnson will stick it out to the end because his claim to be “Working for” the investors is his only defense against the legal actions that have been filed against him. But, Johnson also claims he controls or owns everything (Vacillating between claims of control or ownership) depending on his audience and the phases of GGC. How could someone who owns everything be an employee? How could a trustee (Controls everything) claim to be a trustee of beneficiaries who have been begging him to leave for the past year?

Perhaps Chile, and the local populace of Curacavi, will no longer tolerate Johnson as the criminal charges pile on. If he’s made to flee then we may see more pictures of his backpacks of stolen money while he’s on the run. I think he still has a Paraguayan passport from the passport scandal he was conducting at TDV. Still, all these charges filed with state agencies will haunt him wherever he goes. As of today, Johnson has put a digital data noose around his own neck that will follow him around the globe.

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The Creature from Galt’s Gulch—The Book

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NOTE: Version 1 of this book is ready as of June 11th, 2015.

I’ve put all the articles of the McGillespie.com GGC series into book format and am supplementing it with the latest developments and documents from the recovery efforts. In addition to all the articles of the series the book contains:

  • An Index and description of all people involved, or referenced, in the GGC story.
  • QR Codes for videos, websites, media articles, etc.
  • Links to ALL publicly available articles and documents related to GGC.
  • A Chapter describing the types of fraud that were conducted around GGC.
  • A Chapter describing the five types of contracts that were used with investors and buyers of GGC “Products”.
  • A Chapter describing the Rio Colorado/GGC Share swap.
  • A comparison table of the eye-witnessed actions of Kenneth Johnson to Dr. Robert Hare’s Psychopathy Checklist (PCL-R).
  • Copies of all legal actions or criminal charges filed with regard to Galt’s Gulch Chile.
  • The original “Founders Club” document Cobin wrote, and Johnson later modified, and sent out to all investors who expressed interest in GGC.
  • The original Business Plan that got things started.
  • Download links for all PDF files related to GGC that are too large to be included in the book.

The book will be updated with all the latest developments around GGC including legal actions, criminal complaints, media articles, youtube videos, articles by Terence, and any significant releases from the recovery team.

This is not a traditional book but a working document meant to help the people involved and inform (And entertain!) the public. It’s currently 200 pages, and growing. I may add an index but the e-book format already enables the reader to search for their term of interest, quite easily. It’s currently in PDF format but I could convert it to EPUB and .MOBI if there’s enough interest. Please send me an e-mail if you would appreciate that potential effort.

The purpose of the Book

  • To Document, on an ongoing basis, what is happening with Galt’s Gulch Chile to assist recovery efforts, underway.
  • To be a trusted and reliable source for journalists and media outlets who may wish to write about various aspects of GGC.
  • To tell the truth about GGC while the facts are clearly in the memory of the participants and the evidence is freshly available.
  • To document the crimes of Kenneth Dale Johnson and others so possible future victims may be warned.
  • To Document GGC for legacy reference and lessons that may be gleaned for both GGC restoration and other such ambitious liberty-minded projects.

How to Get Your Copy

Version 1 is ready as of June 11th, 2015. If there’s an update I’ll post the version and date, here, on the page you’re reading.

Go to McGillespie.Com, type your name and e-mail into the boxes under “McGillespie Resource Library”, then hit the submit button. An e-mail will be sent with the password to the McGillespie Resource Library which contains the book and many other resources you might find useful.

For future updates (Or any problems downloading the book) use the “Contact Us” tab or leave a comment, below, on this page with your name and e-mail.

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Podcast Discussions about Galt’s Gulch Chile

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The Jetsetter Show with Jason Hartman

Jason Hartman and Terence Gillespie discuss Galt’s Gulch Chile and many ways to optimize the path for expatriates in Chile and Colombia. Jason has a wonderful transcription posted just below the link for the podcast:

JS 101: What Happened with Galt’s Gulch, Chile?

Borderless Network Podcast

In this episode we have Terence Gillespie on the show to discuss what happened with Galt’s Gulch Chile and some of the lessons that can be learned from what happened there.

Show notes:

The background on Galt’s Gulch Chile (0:50)
Who is Terence Gillespie (4:13)
Why does he care (5:18)
Was Galt’s Gulch a libertarian project? (6:36)
At what point in time did this deal fall apart? (9:40)
How was this theft possible? (11:42)
How much of the blame should go on the investors? (13:15)
What caused the change is perception in August 2014? (17:15)
What was Jeff Berwick’s role in this fiasco (22:30)
What is going to have to happen in order for this to turn into a successful project? (27:35)
Will the $10.5 million be recovered? (32:09)
Affinity Scam
Was GGC a fraud from the beginning? (34:54)
Lessons learned from GGC (36:36)

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