REAL TIME SPOT PRICES
Bitcoin Average: $7328.37
Gold: $1297.5 Change: $(4.80)
Silver: $16.52 Change: $(0.02)
Declare Your Independence with Ernest Hancock
01-07-14 -- Patrick Byrne - (VIDEO & MP3 LOADED)
Patrick Byrne (CEO Overstock.Com) comes on the show to provide an update on Overstock.Com, Bitcoin, market conditions/predictions for 2014 Patrick Byrne speaks at FreedomSummit 2014 www.FreedomSummit.com
Tuesday, January 7, 2014
Time: 143:0 Mins and Secs
Declare Your Independence with Ernest Hancock - Radio
Declare Your Independence with Ernest Hancock strives to create an understanding of the Philosophy of Liberty. Understanding is far more important than agreement -- that will come in its own time.
DONATE Bitcoins Here
Click to Subscribe
To RSS Feed:
(Use your browser)
Click to Subscribe
to this program on
Subscribe to Declare Your Independence with Ernest Hancock Archives
DYI App for Android
LRN.FM for Android and iOS!
Time: 143:0 Mins and Secs
Freeedom's Phoenix Headline News
Patrick Byrne (CEO Overstock.Com) comes on the show to provide an update on Overstock.Com, Bitcoin, market conditions/predictions for 2014
Patrick Byrne will be speaking at FreedomSummit2014
Hour 1 -- Freedom's Phoenix Headline News
Hour 2 -- Freedom's Phoenix Headline News
Hour 3 -- Patrick Byrne (CEO Overstock.Com) comes on the show to provide an update on Overstock.Com, Bitcoin, market conditions/predictions for 2014
CALL IN TO SHOW: 602-264-2800
January 7th, 2014
Declare Your Independence with Ernest Hancock
9 a.m. - Noon (EST)
Studio Line: 602-264-2800
2014-01-07 Hour 1 Freedom's Phoenix Headline News (Video Archive):
2014-01-07 Hour 1 Freedom's Phoenix Headline News from Ernest Hancock on Vimeo.
Freedom's Phoenix Headline News
Understanding How Screwed We All Are "The Greatest Depression"
– by Ernest Hancock
Stuck in the Baltimore/Washington airport for 8 hours due to a canceled flight, I had time to listen to an Interview
posted on FreedomsPhoenix by Editor Mike Dugger (over the next 24 hours
I would listen to the program 3 times). This started us down a path of
news coverage that exposed a whole new level of understanding about just
how much the planet has been plundered by those,… that can.
Bloomberg even won an Emmy
for a 30 minute TV program telling a small part of the story (wmf LINK
Central bankers devised a way of taking physical possession of all of the stocks in every Initial Public Offering (as far as I can tell it seems like _ALL_). This allows for selected
entities (broker friends etc.) to use the stocks as “collateral” in such
a way that they are counterfeited into many many many many times their
value into ‘the market’. The term most associated with this practice is
"Naked Short Selling".
later someone is going to want to see the actual stock that they
purchased or whatever is being used as collateral. Well, the 'settling
of accounts' has been going on in Europe unknown to the general public
in America for many months in an attempt to lessen the damage to
DTCC is a member of the Federal Reserve System
(they are the “holders” of the actual stocks as far as I can tell). Now
we have "The BANK" (the Central Bankers we have been warned often about
by those tracking such things), The Bank of International Settlements
has just announced their plan to “audit” the Federal Reserve (something that even the US Government can’t do).
(Speculation: Oh,... and if The Bank of Settlements has some auditing 'authority'
over the Federal Reserve, and Public companies have their stock in the
Deposit Trust that is part of the Federal Reserve,... then what happens
to those stocks should the Bank of International Settlements decide that
the Federal Reserve is insolvent and they should be 'taken over'? This
could be the structure for the consolidation of most of the wealth of
the planet into the hands of a select class that the conspirists have
been screaming about for decades)
am of the opinion that we have all been the victims of the largest
robbery in Human history. Computer technology allowed for the creation
of electronic counterfeiting that allowed for the nearly unlimited
pillaging of every form of financial instrument used in America and in
much of the world. Pensions, Retirement funds, 401Ks, Money Market Funds
(Government or Municipal) and the relatively new financial instrument
called Derivatives,... and it's all gone. It’s not an “if” thing,… it is an “already happened” thing.
the Banking system will do its best to “control” the news, and who gets
the blame, by leading the investigation of the crime that they were
very much involved in and profited from.
Things are going to get much worse than I ever feared.
is enough recent news below and some background to help us all
understand much more about what happened and what is to come.
(Comment on this article by: hemingway811
Entered on: 2008-07-24 09:29:49
I just wanted to post a link to deepcapture as it is directly
related to counterfeiting securities. This site was founded by Patrick
Byrne, CEO of Overstock.com, who has been fighting against
counterfeiting and other abuses in our markets. This site contains much
researched information you will not find anywhere else.
can't find the new logo right now but I've seen it on the net before.
It is a stylized TIA with the "A" in the shape of a pyramid with a hoop
through the "A" to look like there is something 'in orbit'
are a much larger part of the planet's finances than is understood by
the general public (and sure as heck not by the media). The unraveling
of the economy is just starting to trigger the collapse of the
derivative market. This chart will help make the point.
September 17th 2008
Daniel R. Amerman, CFA, InflationIntoWealth.com
it may look superficially similar to the recent implosions of such
investment giants as Fannie Mae, Freddie Mac and Lehman, the takeover
and bailout of AIG is quite different, and means that the market is
entering the next and even more dangerous phase. What is driving the
fall of AIG – and potential government losses that may far, far exceed
the $85 billion bailout announced late on September 16th - is not
mortgages or real estate ( directly), but fears that AIG’s huge, global
credit-default swap positions will unravel. The $62 trillion dollar
credit derivatives market is 50 times the size of the subprime mortgage derivatives market, and is indeed larger than the entire global economy.
few people understand credit derivatives, or the full risks to the
United States and global markets and economies. In this article, I will
take a Credit Derivatives Primer that I published in the spring of 2008
- which anticipated this exa ct type of event - and update it for the
current situation. Through reading this article, you should be able to
greatly increase your knowledge of what credit derivatives are, and why
they are a far greater danger than subprime mortgages. We will end with
introducing some concepts about how individuals can protect themselves
and even profit from these unprecedented market conditions – something
you won’t find in recent financial history or conventional investments.
News Link • Economy
The Greatest Crime in History (Publisher: Audio - This you need to know)
06-13-2008 • Finacial Sense Newshour
(Audio) Mr. Bud Burrell of Scottsdale, Arizona, who has worked in high
finance for over 35 years, lays bares the truth of how Americans have
had their wealth stolen from them. Naked shorts, counterfeit stocks, and
other means have cost Americans... Read Full Story
News Link • More about Federal Reserve
The Federal Reserve is getting Audited by "Bank of International Settlements"
07-23-2008 • www.consciousmedianetwork.com
George Green on the Economy (President Bush has agreed to the audit,...
after he is out of office - Note: the Federal Reserve is immune from a
US Gov't Audit) - The Bank of International Settlements is "THE BANK"
that conspiracy advocat Read Full Story
Make a Comment
• Email this News Link
• Send Letter to Editor
Depository Trust Company (DTC) is a member of the U.S. Federal Reserve
System, a limited-purpose trust company under New York State banking law
and a registered clearing agency with the Securities and Exchange
Commission. The depository brings efficiency to the securities industry
by retaining custody of some 2 million securities issues, effectively
“dematerializing” most of them so that they exist only as electronic
files rather than as countless pieces of paper. The depository also
provides the services necessary for the maintenance of the securities it
has in custody.
DTCC's Board of Directors
Board is made up of 18 directors. Fourteen are from participants,
including international broker/dealers, correspondent and clearing
banks, mutual fund companies and investment banks. Two directors are
designated by DTCC's preferred shareholders: NASD and the New York Stock
Exchange. The remaining two are the chairman and the president and
chief executive officer of DTCC itself.
DTCC operates its
clearing, settlement, distribution and information-based businesses
through several operating subsidiaries. Each serves a specific segment
and risk profile within the securities industry.
“Depository Trust Company (DTC)
central securities certificate depository (also known as "CEDE" by
virtue of its nominee name, CEDE & Co.) through which members effect
security deliveries among each other via computerized bookkeeping
entries, thereby reducing the physical movement of stock certificates. “
Depository Trust Company (DTC): A central securities certificate repository that is a member of the
Federal Reserve System and is industry-owned. The New York Stock
Exchange is the majority owner. DTC members deliver securities to each
other via computerized debit and credit entries. This reduces the need
to actually move paper certificates.
New Automated Interface between the Federal Reserve System and the Depository Trust and Clearing Corporation
To: Chief Financial Officer
Subject: New Automated Interface between the Federal Reserve
System and the Depository Trust and Clearing Corporation
Federal Reserve System (“FRS”) and The Depository Trust Company (“DTC”)
are pleased to announce that a new automated interface has been
established between the organizations that will significantly improve
the process of pledging and withdrawing securities to and from various
collateral accounts maintained by the FRS and the U.S. Treasury. Effective immediately, DTC-eligible securities pledged to the FRS or the U.S. Treasury will be processed via this automated interface.
automated interface will allow deposits and withdrawals of DTC-eligible
securities to flow directly into the FRS's collateral system. As a
result, the process for moving DTC-eligible securities in and out of the
FRS's and U.S Treasury's collateral accounts will become much more
efficient and the following benefits will be realized:
THE DEPOSITORY TRUST COMPANY
Assessment of Compliance with the
CPSS/IOSCO Recommendations for Securities Settlement Systems
The Federal Reserve System Guide to Discount Window Collateral
(See the pattern?)
This article was from April 2013, but will demonstrate that when you put money in the bank, it becomes the bank's money...
The recent news about Cyprus banks confiscating depositor’s funds sent
chills throughout the financial world here and abroad. I couldn’t
believe that the plan in Cyprus hinged on the idea that the bank could
just steal customer’s funds to balance the bank’s books. I muttered to
myself when I read the story that something as crazy as that couldn’t
possible happen here in the United States. Unfortunately, I learned
that the plan to pull a Cyprus type grab here was already in the works.
READ THE REST OF THE ARTICLE ON INFOWARS BY CLICKING HERE
“A joint paper by the US Federal Deposit Insurance Corporation and
the Bank of England dated December 10, 2012, shows that these plans have
been long in the making; that they originated with the G20 Financial
Stability Board in Basel, Switzerland (discussed earlier here
); and that the result will be to deliver clear title to the banks of depositor funds. ” NationofChange
The above article explains that most of us do not realize that when
you deposit money in a bank, that it becomes the property of the bank
and we become unsecured creditors of the bank! “Although few depositors
realize it, legally the bank owns the depositor’s funds as soon as they
are put in the bank. Our money becomes the bank’s, and we become
unsecured creditors holding IOUs or promises to pay. (See here and here.)
But until now the bank has been obligated to pay the money back on
demand in the form of cash. Under the FDIC-BOE plan, our IOUs will be
converted into “bank equity.” The bank will get the money and we will
get stock in the bank. With any luck we may be able to sell the stock to
someone else, but when and at what price?” NationofChange
Freeedom's Phoenix Headline News
Uploaded on Jun 5, 2011
COLLIER COUNTY, Fla. - A bank
foreclosure story you've got to see to believe. A Collier County couple
turns the tables on Bank of America, the bank that tried to foreclose on
their home. Now, the family is foreclosing on the bank! Even bringing
trucks and deputies ready to seize property.
nightmare started when Warren and Maureen Nyerges paid cash for a home
owned by Bank of American in the Golden Gate Estates. They never had a
mortgage whatsoever. But, the bank fouled it up and wound up issuing a
foreclosure through their attorney.
The couple took their case to
court and after a year and a half nightmare the foreclosure was
dropped. A Collier County judge said Bank of America has to pay the
couple's $2,534 legal fees for the error. After more than five months
the bank still hadn't paid up. So, the homeowners' attorney did just
what the bank would do to get their money, legally seize their assets.
instructed the deputy to go in and take desks, computers, copiers,
filing cabinets, including cash in the drawers," Attorney Todd Allen
told WINK News.
Outside the Bank of America on Davis Boulevard,
several deputies stood by with movers ready to start hauling out the
bank's office supplies and furniture.
Inside, the homeowners'
attorney was locked out of the bank manager's office by deputies while
the bank manger tried to figure out what to do.
Allen says the
manager was visibly shaken, "Having two Sheriff's deputies sitting
across your desk, and a lawyer standing behind them, demanding whatever
assets are in the bank can be intimidating. But, so is having your home
foreclosed on when it wasn't right."
After about an hour the bank
finally cut a check to satisfy the debt, and no furniture was taken. A
representative for Bank of America issued a statement saying they are
sorry for the delay in issuing funds. They claim the original request
went to an outside attorney who is no longer in business.
Allen, he calls this a symptom of a larger problem he sees often in the
courts, where banks don't perform their due diligence on foreclosure
cases. "As a foreclosure defense attorney this is sweet justice."
Read more: http://www.winknews.com/Local-Florida...
Ernest Hancock Will Love This: Fed to Backstop $25 Trillion in CDS for Cede & Co.
And you thought the $23 trillion in
backstops for the financial system was bad, you ain't seen nothing yet.
Earlier today, the Depository Trust & Clearing Corporation, best
known for its Cede & Co. partnership nominee which is the holder of
virtually every single physical stock certificate in the known universe,
and accounts for over $2 quadrillion in stock transactions per year,
announced that "the Federal Reserve Board had approved its application
to establish a DTCC subsidiary that is a member of the Federal Reserve
System to operate the Trade Information Warehouse (Warehouse) for over
the-counter (OTC) credit derivatives." With this approval the DTCC is
now the de facto legally accepted global repository for over-the-counter
credit derivative transactions. Simply said, the Federal Reserve is now
the guarantor behind all CDS transactions that clear via DTCC, which
would be pretty much all of them (sorry CME, you lose). The total bottom
line in terms of gross notional? 2.3 million contracts with a gross
notional value of $25.5 trillion.
When the next AIG implodes, and the CDS market is once again facing
annihilation in the face, who will be on the hook? You dear taxpayer,
The new Fed-endorsed organization will settle CDS obligations in all
currencies and process credit events. It will also include all OTC
credit derivatives traded worldwide, and will be regulated by the Fed
and the NY State Banking Department and will be overseen by other US and
To be sure, the net notional CDS amount, which is what counterparties
would be on the hook for in the case of an orderly unwind of the
financial system, is materially lower than the gross total. Yet, as
systemic unwinds are never orderly, gross tends to become net in those
occasions when Lehman bonds go from par to 10 cents in the span of 24
hours. Should systemic risk flare up again (and this time Europe will be
both shaken and stirred, thank you Mr. Hazard... Moral Hazard), and
fiat-based market values quickly catch up with fair values (which in our
ponzi economy can easily be calculated: they are all zero).
The actual organization that will soon be in need of a bailout, is
the Warehouse Trust (there's that word again) Company, which in turn
will operate the DTCC's Trade Information Warehouse, and will begin
operations “once certain organizational conditions have been met, which
are expected shortly." Presumably, the TIW, which has been in operation
for just over one year, is somehow supposed to inspire confidence that
the DTCC has an idea of everything that goes on in the quadrillion + CDS
Market. "The release of this information has been an important step
forward in helping increase transparency in the marketplace. More
detailed information on individual firm trading has been made available
confidentially to regulators around the world with the consent of market
participants." Oh great, at least someone has information to the
What all this implies is that basis spreads will likely compress
very shortly, once counterparty risk becomes a thing of the past and all
systemic risk in the biggest derivative market out there (ex IR swaps)
is fully backstopped by the Federal Reserve. It will also guarantee the
DTCC monopoly status when it comes to CDS trading as nobody will desire
to transact and/or clear elsewhere.
We shudder to think if the Fed grants DTCC with exclusive status for IR
and FX swaps as well, and the associated $600 trillion notional
And from an insider, we know that the company will be funded and
commence operations by March 1.
2014-01-07 Hour 3 Patrick Byrne (Video Archive):
2014-01-07 Hour 3 Patrick Byrne from Ernest Hancock on Vimeo.
Patrick M. Byrne (born 1962, Fort Wayne, Indiana, United States) is an American entrepreneur, e-commerce pioneer, CEO and Chairman of Overstock.com,
In 1999, Byrne took control of the company, then called D2: Discounts
Direct, and changed its name to Overstock. He had previously served
shorter terms leading two smaller companies, including one owned by Warren Buffett's Berkshire Hathaway.
In 2002, Byrne took Overstock.com public. Since the initial public offering, the company has since increased its revenue to over $1 billion a year, and achieved full profitability in 2009.
Beginning in 2005, Byrne become known for his campaign against the practice of naked short selling. Byrne says it has been used in violation of securities law to hurt the price of his and other companies' stock. Under his
direction, Overstock.com has filed two lawsuits alleging improper acts
by Wall Street firms, a hedge fund, and an independent research firm.
Patrick Byrne is the son of John J. Byrne, former chairman of Berkshire Hathaway's GEICO insurance subsidiary and White Mountains Insurance Group. He holds a certificate from Beijing Normal University, has a Bachelor of Arts degree in Chinese studies from Dartmouth College, a Master's degree from Cambridge University as a Marshall Scholar, and a Ph.D. in philosophy from Stanford University.
Byrne was a teaching fellow at Stanford University from 1989 to 1991 and was manager of Blackhawk
Investment Co. and Elissar, Inc. He served as Chairman, President and
CEO of Centricut, LLC, a manufacturer of industrial torches, then held
the same three positions at Fechheimer Brothers, Inc., a Berkshire
Hathaway company manufacturing police, firefighter, and military
In 1999, Byrne was approached by the founder of D2-Discounts Direct,
asking for capital. The company had generated slightly more than
$500,000 in revenue the previous year by liquidating excess inventory
online. Byrne found the idea of online closeouts intriguing, and invested $7 million for a 60 percent equity stake in the company in the spring of 1999. In September the same year he took over as CEO, and the following month the company was renamed Overstock.com.
During a vacation in Southeast Asia Byrne found that many village artisans were held back by the lack of retail channels, as their production was
fragmented and the quantities produced were small. He decided that the
Overstock model was perfectly suited for their needs. In 2001 he
therefore set up the Worldstock division of Overstock. Worldstock
searches through villages all over the world for people capable of
producing quality products, by 2006 there were approximately 6,000
producers contributing. On average, about 70 percent of the retail price
on all Worldstock items sold goes directly to the artist.
"Dutch Auction" IPO
Byrne initiated a Dutch auction IPO of Overstock.com in 2002. The company was one of the first to go public under a system advanced by WR Hambrecht + Co to retain a greater share of capital within the company rather than going to the investment bank underwriters used in conventional public offerings. Byrne has said that competing
banks reacted against this, attempting to obstruct the success of the
offering through negative reports and by shorting the company's stock.
When Google later in 2004 went public via a Dutch auction IPO, Byrne commented that
Wall Street firms similarly pushed negative stories, but did not keep
it from going forward successfully. Four years after the OpenIPO, one
official of Hambrecht, its now former co-CEO Clay Corbus was added to
Overstock's board of directors.
Overstock.com CEO Patrick Byrne is often in the news regarding his efforts to curtail injustice. These
include his efforts to combat global poverty (through our Worldstock
department and products), improve educational outcomes for the less
fortunate (through his work with the late Milton Friedman and his support of Milton and Rose Friedman Foundation's school voucher initiative), battle the pernicious effect on America of Wall Street corruption in the form of naked short selling and collusion among hedge funds, prime brokers, and a few research analysts (as are detailed in lawsuits Overstock has filed against Gradient Analytics, Rocker Partners
& Wall Street's major prime brokers),
and expose corruption in business journalism via a handful of shill
journalists who seek to hijack social media's discourse regarding this
scandal so that understanding does not form within the Blogosphere.
This page has been developed as a resource for those interested in
poverty and social justice, educational reform, and corruption within
Wall Street, financial journalism, and social media. We will add
relevant media and articles from time to time. We welcome your comments or suggestions.
CAMPAIGN AGAINST NAKED SHORT SELLING AND ANALYSTS:
In a conference call with analysts in August 2005, Byrne said that
"there's been a plan since we were in our teens to destroy our stock,
drive it down to $6--$10 ... and even a plan for how the company would
then get whacked up." He said that the conspirators were part of a
"Miscreants Ball," headed by a "Sith Lord," who he refused to identify
but said "he's one of the master criminals from the 1980s." Byrne said
the conspiracy included hedge funds, journalists, investigators, trial
lawyers, the SEC, and Eliot Spitzer.
Fortune writer Bethany McLean said that Byrne had become a "hero to
those who believe that short-sellers are the operators of Wall Street's
ultimate black box, predators who destroy companies through innuendo,
bullying, political connections--and sometimes through an illegal
practice known as 'naked shorting.'" Byrne financed and largely wrote a
full-page advertisement in the Washington Post which said "Naked
short-selling ... is literally stealing money from the widows, retirees,
and other small investors." In a letter to the Wall Street Journal in
April 2006, Byrne contended that "blackguards have practiced 'failure to
deliver'" of securities, were "destroying businesses and (probably)
destabilizing our capital markets." Since 2005, Overstock has filed two
lawsuits relating to the matters under Byrne's direction.
In the first lawsuit, filed 2005, Overstock.com filed suit against hedge fund Rocker Partners and the equities research firm, Gradient Analytics (formerly Camelback Research Alliance), saying they illegally colluded
in short-selling the company while paying for negative reports to drive
down share prices. The defendant (i.e. Gradient Analytics et al.) moved
to have the case dismissed, however the California court ruled in August
2006 that the suit should be allowed to proceed. Gradient filed a
counter-complaint against Byrne for libel. A portion of this suit was
settled out of court on October 13, 2008, when Overstock.com and
Gradient dropped the claims against each other after Gradient retracted
allegations that Overstock's reporting methods did not comply with rules
established by the FASB, stated they believed Overstock.com complied with GAAP standards, and that three directors were independent, and apologized.
In December 2009, the suit against Rocker, whose name had since been
changed to Copper River Partners, was settled by Copper River paying $5
million, payment of which Byrne stated he received on December 9, 2009.
Overstock.com filed a second lawsuit in 2007 against a number of
large investment banks relating directly to alleged illegal naked short
selling. Both cases remain in litigation.
Byrne's campaign against naked short selling and others who he feels
have targeted him and his company has attracted controversy. In her
article on Byrne's 2005 conference call, Bethany McLean said "From a
distance he seems like a bully, accusing people who depend on their
reputations of corruption. The time is rapidly approaching when he will
have to deliver--both the numbers to prove that the business can make
money and the facts to prove that the Sith Lord exists." In a column in
the New York Times in February 2006, journalist Joseph Nocera described Byrne's actions as a "campaign of menace" and as an attempt to silence Overstock.com's critics. MarketWatch's Herb Greenberg has called Byrne the runner-up for Worst CEO of the Year two years
running. One of Byrne's claims, that naked shorting can cause heavy
dilution of a company's stock by creating sales untied to any specific
shares, has been criticized by Wall Street Journal columnist Holman W. Jenkins.
Byrne has cited Overstock.com as an example of a company whose shares
have been more than 100% sold short in one quarter, but Jenkins suggests
that this merely reflects Overstock.com's heavy trading volume and
relatively small public float. Jenkins further argues that brokers are
inherently cautious in using the practice, due to the high risk of
trading shares that are not guaranteed to be available. Byrne has denied
that his campaign is primarily about Overstock.com. However, Byrne has
also received favorable coverage, and was featured in a Bloomberg Television show on Naked Short Selling, "Phantom Shares", in March 2007.
In March 2006, John (Jack) Byrne, chairman of Overstock.com and
father of Patrick Byrne, said that he was thinking of stepping down in
disagreement over the campaign against naked shorting. In April 2006,
John Byrne stepped down to become vice-chairman, and in July of that
year he resigned from Overstock's board of directors. In August 2008,
Jack Byrne said that after "much initial skepticism" he believed his son
was "right all along" about the battle and lawsuits with short-sellers
Byrne was instrumental in Utah's passage of a law aimed at curbing
naked short selling. The legislation was repealed in February 2007,
after state representatives were advised that it probably would not
withstand judicial scrutiny due to federal preemption. Byrne criticized the repeal, but Senate Majority Leader Curtis Bramble said that legal advisers believed that the state would lose any litigation over the law.
A Securities and Exchange Commission investigation of Gradient was
initiated but then dropped in February 2007. In July 2007, two American Stock Exchange options market makers were fined and suspended for using Regulation SHO
exemptions to "impermissibly engage in naked short selling" in trades
involving options and stocks for their own account. Overstock shares
were believed to be among the stocks traded. The market makers settled
without admitting or denying the allegations. None of the defendants
sued by Overstock were named in the decision, but the Dow Jones News
Service said that the decision was likely to be used by Byrne in
pursuing his case.
After the crisis in the North American markets in 2008, Byrne
received positive press. A Salt Lake Tribune article reported that
"These days, when people talk of Byrne, the word 'vindication' comes up a
News Link •
Overstock CEO: Why we're accepting bitcoins
01-07-2014 • CNBC.Com
has become the first major online shopping retailer to accept the
digital currency bitcoin as payment in exchange for any of our million
products. We are doing this for both business and philosophical reasons.
On December 17, 2013, Patrick M. Byrne, Ph.D., Chairman and CEO of
Overstock.com, discussed "Naked Shorts, Bust-Outs, and the Once and
Future Cataclysm: Economic Warfare as an Instrument of Transnational
This version of the video includes Dr. Byrne's PowerPoint presentation.
Patrick Byrne discusses Economic Warfare as an Instrument of Transnational Organized Crime:
About the lecture
Mr. Byrne will describe how the Mafia has infiltrated Wall Street and
applied its gangster techniques for profit, but in the process has
destabilized our financial system.
Join us on our
Share this page with your friends
on your favorite social network:
Additional related items you might find interesting:
|Tags: ernest, hancock, ernest, hancock, patrick