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28 episodes with lehmans
5 episodes with lehmans
2 episodes with lehmans
2 episodes with lehmans
There are many people looking to buy homestead property... but what should you know before jumping in with both feet? Listen to this podcast interview with Annette Sievert, who wrote the book How to Buy a Homestead Property: A Handbook for Your Homesteading Journey. This episode is filled with tips and information to know before you start looking. For more information, visit the blog post here: https://homesteadingfamily.com/how-to-buy-a-homestead-property/Grab Annette's book, How to Buy a Homestead Property here: https://homesteadingfamily.com/homestead-property-bookThanks to Lehmans for sponsoring this podcast! Be sure to check them out (and the wealth of information on their blog) at https://lehmans.com Time Stamps:0:00 - Introduction0:58 - Lehmans2:47 - Main Topic~~~~~~~~~~~~~~MORE ABOUT US!WELCOME! We're so glad you're here! We are Josh and Carolyn Thomas. Together with our nine children, we are The Homesteading Family where we're living a self-sustainable life in beautiful North Idaho. Let us welcome you and show you a bit about us here: http://bit.ly/HFWelcomeVideoGrow, Preserve & Thrive with us!Visit us on our blog: https://www.homesteadingfamily.comFacebook at https://www.facebook.com/homesteadingfamilyInstagram: https://instagram.com/homesteadingfamilyRumble: https://rumble.com/HomesteadingFamilyA few highlights you don't want to miss are our FREEBIES!!Healthy Healing at Home: Learn how to confidently use herbal medicine in your home with this FREE 4 video workshop: https://homesteadingfamily.com/HHHytYour Best Loaf: A Free 4 video workshop teaching you how to make great bread at home, every time, regardless of the recipe you are using: https://homesteadingfamily.com/free-bread-workshopIf you have a gluten sensitivity, this is for you! When one of my kids got serious food restrictions I made it my mission to bake gluten free bread, muffins, cinnamon rolls and more that tasted just as good (if not better than) my original recipes. I put it all into my book, the Art of Gluten Free Homemade Bread, and we have a few physical copies left right now! Grab yours today.
Illegal försäljning av Lehmans giftgroda ökar risken för utrotning av den redan hotade arten, men en väska full med vilda grodor kan vara tungan på vågen. Lyssna på alla avsnitt i Sveriges Radio Play. Lehmanns giftgroda finns bara på en enda plats i hela världen och riskerar att bli utrotad. Men sedan några år tillbaka pågår ett projekt som kan rädda den.Artens bor bara i ett begränsat område i regionen Valle del Cauca i Colombia. På grund av sina vackra färger har den fångats och sålts illegalt till grodsamlare utomlands, vilket har gjort att den idag är akut hotad.Men så lyckades myndigheter beslagta en väska med vilda grodor på flygplatsen i Bogotá, och det kan ha blivit starten på en vändpunkt för den lilla grodan.Möt biologerna i Colombia som lärt sig att föda upp Lehmanns giftgroda i fångenskap för att rädda det vilda beståndet. Hör också grodskötaren Kristofer Försäter från Nordens ark berätta om de särskilda utmaningarna med att föda upp just vilda groddjur.Reporter: Sara Sällströmsara.sallstrom@sr.seProducent: Lars Broströmlars.brostrom@sr.se
If you find yourself wondering about buying gold and silver, this podcast is a must watch as Franklin Sanders from The Moneychanger shares what's been going on with gold and silver in the past handful of decades and what the future of gold and silver looks like.The Moneychanger, Volunteer Precious Metals and Franklin Sanders have been very good guides to us over the years in developing our financial plan. For more information and any links mentioned, visit the blog post that accompanies this video: https://homesteadingfamily.com/the-future-of-gold-silver/You can check out the previous podcast we did on the top principles to know when buying gold and silver here: https://homesteadingfamily.com/top-principles-to-know-when-buying-gold-silver/You can find Franklin at The Money Changer or his sons at Volunteer Precious Metals. Both of those websites have multiple articles where you can go to learn more about investing in gold and silver. Or call 888-661-4093.- The Money Changer: https://the-moneychanger.com/about- Volunteer Precious Metals: https://volunteerpreciousmetals.com/Grab Franklin's books here: https://fourriversstore.com/This podcast is sponsored by Lehmans. Be sure to check out the Lumberman's Axe here: https://homesteadingfamily.com/lumbermans-axeTime Stamps:0:00 - Introduction0:56 - Lehman's Sponsor2:35 - The Future of Gold & Silver~~~~~~~~~~~~~~~MORE ABOUT US!WELCOME! We're so glad you're here! We are Josh and Carolyn Thomas. Together with our nine children, we are The Homesteading Family where we're living a self-sustainable life in beautiful North Idaho. Let us welcome you and show you a bit about us here: http://bit.ly/HFWelcomeVideoGrow, Preserve & Thrive with us!Visit us on our blog: https://www.homesteadingfamily.comFacebook at https://www.facebook.com/homesteadingfamilyInstagram: https://instagram.com/homesteadingfamilyRumble: https://rumble.com/HomesteadingFamilyA few highlights you don't want to miss are our FREEBIES!!Healthy Healing at Home – Learn how to confidently use herbal medicine in your home with this FREE 4 video workshop: https://homesteadingfamily.com/HHHytYour Best Loaf – A Free 4 video workshop teaching you how to make great bread at home, every time, regardless of the recipe you are using: https://homesteadingfamily.com/free-bread-workshopYou are invited to my BRAND NEW “How to Homestead Anywhere Crash Course.” This is a LIVE 5-day online event that is going to lay the foundation for you to build the homestead life of your dreams. And did I mention it's totally free?? It's coming up on January 6th - 10th from 9 am - 1 pm PT. You can register for FREE here.
Have you ever wondered if you can truly homestead from anywhere? I'm not just talking about acres of land, but how about an apartment in the city? My answer may surprise you, but it's the reason why I'm hosting the first annual How to Homestead Anywhere Crash Course!If you've been wanting to start learning homesteading skills (and adopting a homesteading mindset), then this crash course is for you. Listen to today's podcast to find out more, then sign up below! Join the How to Homestead Anywhere Crash Course here: https://classes.homesteadingfamily.com/crash-courseToday's podcast is sponsored by Lehmans. Be sure to check them out here: https://homesteadingfamily.com/shop-lehmansTIME STAMPS:0:00 - Introduction0:31 - Chit Chat8:32 - Lehmans12:35 - Raw Milk16:21 - How to Homestead Anywhere~~~~~~~~~~~~~~~MORE ABOUT US!WELCOME! We're so glad you're here! We are Josh and Carolyn Thomas. Together with our nine children, we are The Homesteading Family where we're living a self-sustainable life in beautiful North Idaho. Let us welcome you and show you a bit about us here: http://bit.ly/HFWelcomeVideoGrow, Preserve & Thrive with us!Visit us on our blog: https://www.homesteadingfamily.comFacebook at https://www.facebook.com/homesteadingfamilyInstagram: https://instagram.com/homesteadingfamilyRumble: https://rumble.com/HomesteadingFamilyA few highlights you don't want to miss are our FREEBIES!!Healthy Healing at Home – Learn how to confidently use herbal medicine in your home with this FREE 4 video workshop: https://homesteadingfamily.com/HHHytYour Best Loaf – A Free 4 video workshop teaching you how to make great bread at home, every time, regardless of the recipe you are using: https://homesteadingfamily.com/free-bread-workshopMeals on Your Shelf – Can along with me! Learn to can and put jars of a delicious meal on your pantry shelf with this FREE video series: https://homesteadingfamily.com/MOYS-free-workshopYou are invited to my BRAND NEW “How to Homestead Anywhere Crash Course.” This is a LIVE 5-day online event that is going to lay the foundation for you to build the homestead life of your dreams. And did I mention it's totally free?? It's coming up on January 6th - 10th from 9 am - 1 pm PT. You can register for FREE here.
Being a man today can be hard, especially if you're listening to what the world says is "right." Join us with guest John Lovell from @WarriorPoetSociety as we discuss what being a Warrior Poet means and how we can live counter-culturally in this modern world and walk worthy of our calling.For more information and any links mentioned in this podcast, visit the blog post here: https://homesteadingfamily.com/how-preparedness-helps-protect-our-families/This podcast is sponsored by Lehmans. Be sure to check out all their preparedness supplies here: https://homesteadingfamily.com/lehmans-preparedness~~~~~~~~~~~~~~~MORE ABOUT US!WELCOME! We're so glad you're here! We are Josh and Carolyn Thomas. Together with our nine children, we are The Homesteading Family where we're living a self-sustainable life in beautiful North Idaho. Let us welcome you and show you a bit about us here: http://bit.ly/HFWelcomeVideoGrow, Preserve & Thrive with us!Visit us on our blog: https://www.homesteadingfamily.comFacebook at https://www.facebook.com/homesteadingfamilyInstagram: https://instagram.com/homesteadingfamilyRumble: https://rumble.com/HomesteadingFamilyA few highlights you don't want to miss are our FREEBIES!!Healthy Healing at Home – Learn how to confidently use herbal medicine in your home with this FREE 4 video workshop: https://homesteadingfamily.com/HHHytYour Best Loaf – A Free 4 video workshop teaching you how to make great bread at home, every time, regardless of the recipe you are using: https://homesteadingfamily.com/free-bread-workshopMeals on Your Shelf – Can along with me! Learn to can and put jars of a delicious meal on your pantry shelf with this FREE video series: https://homesteadingfamily.com/MOYS-free-workshopFREE PDF DOWNLOADS:- 5 Steps to a More Self-Sufficient Life - Simple steps anyone can take wherever they are to start a more self-sufficient lifestyle. https://homesteadingfamily.com/5StepsYT- Thrive Wellness Checklist - A simple guide for healthy living: https://homesteadingfamily.com/TWC_YTOne of the hardest skills for me to master was homemade bread! I was baking dense, flavorless loaves that my family tolerated. Then I learned a few essential elements of getting the perfect loaf every time, I started getting fluffy, sliceable bread my family LOVED. I'm sharing exactly what I learned for FREE in a live training just for you coming up on November 21st. Sign up, and I'll see you there.
What does it mean to you to eat seasonally? For us, that's eating as much fresh produce as possible during the growing season. But it looks different once the garden stops producing! Today's Pantry Chat is all about how our family eats seasonally to save time, energy AND money in the kitchen.For more information, visit the blog post here: https://homesteadingfamily.com/meal-planning-on-the-homestead/ Sign up for the mushroom growing webinar on October 10, 2024 here: https://homesteadingfamily.com/mushroom-training This podcast is sponsored by Lehmans. If you don't have a Lehman's catalog on your coffee table yet, be sure to go get one now! https://homesteadingfamily.com/shop-lehmansTime Stamps0:00 - Chit Chat7:33 - Question of the Day9:11 - Lehmans11:50 - Main Topic~~~~~~~~~~~~~~~MORE ABOUT US!WELCOME! We're so glad you're here! We are Josh and Carolyn Thomas. Together with our nine children, we are The Homesteading Family where we're living a self-sustainable life in beautiful North Idaho. Let us welcome you and show you a bit about us here: http://bit.ly/HFWelcomeVideoGrow, Preserve & Thrive with us!Visit us on our blog: https://www.homesteadingfamily.comFacebook at https://www.facebook.com/homesteadingfamilyInstagram: https://instagram.com/homesteadingfamilyRumble: https://rumble.com/HomesteadingFamilyA few highlights you don't want to miss are our FREEBIES!!Healthy Healing at Home – Learn how to confidently use herbal medicine in your home with this FREE 4 video workshop: https://homesteadingfamily.com/HHHytYour Best Loaf – A Free 4 video workshop teaching you how to make great bread at home, every time, regardless of the recipe you are using: https://homesteadingfamily.com/free-bread-workshopMeals on Your Shelf – Can along with me! Learn to can and put jars of a delicious meal on your pantry shelf with this FREE video series: https://homesteadingfamily.com/MOYS-free-workshopFREE PDF DOWNLOADS:- 5 Steps to a More Self-Sufficient Life - Simple steps anyone can take wherever they are to start a more self-sufficient lifestyle. https://homesteadingfamily.com/5StepsYT- Thrive Wellness Checklist - A simple guide for healthy living: https://homesteadingfamily.com/TWC_YTIt's not too late to sign up for the FREE 5-day homesteading summit hosted by School of Traditional Skills. Join experts like Bevin Cohen, Joel Salatin, Brandon Sheard, Brian Lowell, Shawn and Beth and so many more for a full week of deep diving into all things homesteading. Grab your virtual seat TODAY!
Over the past couple of years we've known there needed to be some changes in our dairy system. As Tilly, our milk cow, continued to get older, we decided it was time to layer in a new dairy cow. But we never guessed we'd be getting ten gallons of milk each day!Find out how we've changed our routines, the investments we've made that have cut our processing time in half, and what we plan to do in the future. For more information, check out the blog post here: https://homesteadingfamily.com/adding-dairy-cow-to-the-homestead/This podcast is sponsored by Lehmans. We've been purchasing our preserving supplies from them for over 20 years now. My favorite are their sleeves of canning lids. Check out all their offerings here: https://homesteadingfamily.com/shop-lehmansTime Stamps0:00 - Chit Chat8:05 - Lehmans9:50 - Pressure Canner as Water Bath Canner11:27 - Changes on the HomesteadI want to let you know about our IN PRINT In the Homestead Kitchen Summer Recipe Anthology! The magazine contains recipes and ideas for using and preserving your garden harvest. This summer anthology covers so many different foods and great recipes! Don't wait! The last time we offered an in-print magazine, it sold out quickly!
What's life like serving as missionaries in Puerto Rico? The Rev. Adam and Christine Lehman, serving the Lord in Puerto Rico, join Andy to talk about their path to serving as missionaries, how they serve in Puerto Rico and who they serve alongside, how their previous experience prepared them to serve in this new mission field, and what they are looking forward to in the next year. Read the Lehmans' story and how to support their work at lcms.org/lehman.
00:00 - Good Morning 00:47 - Omer.8MinDaf.com 01:01 - Emails 04:37 - MDYsponsor.com 06:00 - Introduction 06:52 - Amud Beis 11:00 - Amud Aleph 28:59 - Amud Beis 51:44 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & On Yom Hazikaron dedicate your daf yomi learning for a fallen soldier Lekedoshim.com & Mazel tov on the Bar Mitzvah of Yisrael Goldman. He should continue to give Yiddishe Nachas to his parents Yosef and Chaya Aliza Goldman and the extended Goldman and Levin families By his Zaidy & Bubby Peretz Chaim and Zahava Levin & The Weinberg family: לעילוי נשמת אליהו בן אברהם, Our fathers 2nd yur tzeit -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning00:14 - Omer.8MinDaf.com00:39 - Emails05:48 - MDYsponsor.com08:30 - Introduction09:31 - Amud Beis13:19 - Amud Aleph42:38 - Amud Beis59:11 - Have a Wonderful DayQuiz - http://Kahoot.8MinDaf.com--Today's shiur is sponsoredAnonymous - For the safe and speedy return of all the hostages&לע״נ זכריה בן משהלע״נ חיה בת יוסף&Binyomin Rosenfeld: For hatzlacha in business and all my endeavours&Arya Checkanow: In honer of my sons wedding Monday night in Tiferes Rivka in BP&Baruch Furman: לע"נ Dr David Block's 1st yahrzeit, דוד שלמה בן אליהו--Turning of the daf:Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga&O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning.&Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke"And Horav Eliezer Moshe ben Reb Shayma Zatzal_________________________________
00:00 - Good Morning 00:13 - Guests 00:31 - Omer.8MinDaf.com 00:47 - When's my Last Day in the USA 01:13 - ידיעות הש"ס 06:07 - Emails 08:05 - MDYsponsor.com 10:19 - Amud Beis 10:21 - Amud Aleph 43:35 - Amud Beis 1:00:09 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Sruly Bernstein: l'iluy nishmas Shraga Feivel Leib ben Shmuel Avrahom, a"h & למילוי נשמת הרב אביגדור בן הרב ישראל הכהן Miller זצ"ל רבן שכל ישראל Who's Torah and Mussar continues to spread By Peretz Chaim Levin & Adir Farbman: כ׳ז ניסן Leilui Nishmas My grandfathers 9th Yartzeit מרדכי לייב בן ישראל אנשיל A”H -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Voch 00:14 - Guests 00:21 - The Rav told me 00:50 - Omer.8MinDaf.com 01:01 - Emails 02:20 - MDYsponsor.com 02:53 - Introduction 04:02 - Amud Beis 06:04 - Amud Aleph 18:47 - Amud Beis 39:33 - Have a Wonderful Week Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Siata Dishmaya Daniel B Yael & Tova Rivka B Hinda Yoseefa for major life decisions -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 00:14 - What a day! 01:05 - Emails 03:59 - Omer.8MinDaf.com 04:12 - MDYsponsor.com 06:00 - Introduction 06:35 - Amud Aleph 42:58 - Amud Beis 1:01:27 - Have a Wonderful Shabbos Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Elkhanan Hanasabzadeh: leili nishmat Yosef ben Shalom, a'h -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 00:15 - Omer.8MinDaf.com 00:39 - Emails 02:59 - MDYsponsor.com 03:51 - MDY Kollel news 04:55 - Amud Beis 06:25 - Amud Aleph 27:27 - Amud Beis 43:48 - Amud Aleph 47:45 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Daniel Kahane: In honor of Benjamin Aaron Kahane's Bar Mitzvah today at the Kotel, IY”H -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Voch 00:15 - What am I doing? 00:40 - Omer.8MinDaf.com 00:52 - Emails 01:37 - MDYsponsor.com 02:23 - Introduction 02:52 - Amud Beis 04:45 - Amud Aleph 24:19 - Amud Beis 47:42 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Dr. Marc Berkson: In honor of my son Yechiel Mechel, on the occasion of his 7th birthday & Allen Rosenzweig: in memory of Gital Leah bas Aryeh Leib Rosenzweig, whose 15th Yahrzeit is today, Isru Chag Pesach -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Moed/Voch 00:14 - What am I doing? 00:33 - Emails 08:00 - MDYsponsor.com 08:16 - Omer.8MinDaf.com 09:46 - Introduction 12:29 - Amud Beis 15:03 - Amud Aleph 28:09 - Amud Beis 54:53 - Have a Wonderful Week Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 00:28 - Where am I? 00:53 - Omer.8MinDaf.com 01:10 - Emails 02:35 - MDYsponsor.com 03:16 - Introduction 03:35 - Amud Beis 03:55 - Amud Aleph 27:17 - Amud Beis 47:06 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Shaul Jaspan: לע"נ בני הילד יוסף ז"ל בן שאול אברם הנו"מ ברכה אסתר -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Voch 00:14 - When am I? 00:17 - Omer.8MinDaf.com 00:30 - MDYsponsor.com 01:34 - Introduction 01:58 - Amud Beis 02:30 - Amud Aleph 21:05 - Amud Beis 29:47 - Hadran 29:56 - Perek Eizehu Neshech 51:27 - Have a Wonderful Week Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & פרנסה ולהצלחה בשפע ולזיווג הגון בקרוב גבריאל יהודא בן פריידא לאה & Aron Meislik: לע'׳נ הבחור טוביה בן אברהם מנחם ע״ה On the fourth Yar Zeit of our beloved Tuvi who sadly lost his fight to his illness and was never able to get married and see future generations. May he be a Melis Yosher for his Family, his friends and the whole of Klall Yisroel! -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
Learn about urban foraging and the skillsets needed to forage for food in your surrounding areas. Whether you are living in a rural area, suburban, or urban area, these tips will help get you started and these are our 12 favorite herbs to find in the wild. For more information, visit the blog post here: https://homesteadingfamily.com/urban-foraging/- Thanks to Lehmans for sponsoring this podcast! Use the code "1FH5CT" for 15% off your order: https://homesteadingfamily.com/shop-lehmans- Check out the Jase Case. Use code "HOMESTEADFAM10" for $10 off your case: https://homesteadingfamily.com/jase-case- Grab my FREE herbal training here: https://homesteadingfamily.com/HHHytTime Stamps:0:00 - Introduction1:10 - Chit Chat7:33 - Lehmans Sponsor9:46 - Fermented Foods12:31 - Raising Pigs13:47 - Main Topic15:25 - Dandelion20:39 - Nettle24:06 - Plantain27:00 - Cleavers29:22 - Sheep Sorrel31:32 - Clover33:48 - Mullein35:39 - St. John's Wort39:07 - Pine42:22 - Chickweed~~~~~~~~~~~~~~~MORE ABOUT US!WELCOME! We're so glad you're here! We are Josh and Carolyn Thomas. Together with our nine children, we are The Homesteading Family where we're living a self-sustainable life in beautiful North Idaho. Let us welcome you and show you a bit about us here: http://bit.ly/HFWelcomeVideoGrow, Preserve & Thrive with us!Visit us on our blog: https://www.homesteadingfamily.comFacebook at https://www.facebook.com/homesteadingfamilyInstagram: https://instagram.com/homesteadingfamilyRumble: https://rumble.com/HomesteadingFamilyA few highlights you don't want to miss are our FREEBIES!!Healthy Healing at Home – Learn how to confidently use herbal medicine in your home with this FREE 4 video workshop: https://homesteadingfamily.com/HHHytYour Best Loaf – A Free 4 video workshop teaching you how to make great bread at home, every time, regardless of the recipe you are using: https://homesteadingfamily.com/free-bread-workshopMeals on Your Shelf – Can along with me! Learn to can and put jars of a delicious meal on your pantry shelf with this FREE video series: https://homesteadingfamily.com/MOYS-free-workshopFREE PDF DOWNLOADS:- 5 Steps to a More Self-Sufficient Life - Simple steps anyone can take wherever they are to start a more self-sufficient lifestyle. https://homesteadingfamily.com/5StepsYT- Thrive Wellness Checklist - A simple guide for healthy living: https://homesteadingfamily.com/TWC_YT- Carolyn's Cottage Garden herb list - Carolyn's favorite herbs for growing at home.https://homesteadingfamily.com/CGHL_YT- Your FREE Guide to Preserving Eggs - Grab your guide to preJoin Carolyn for a FREE 4-part video series where I'm going to take you step-by-step through making high-quality dairy products in your very own kitchen (no dairy cow required!). Sign Up Today!
00:00 - Good Voch/Moed 00:13 - When am I? 00:24 - Omer.8MinDaf.com 00:43 - Emails 04:57 - MDYsponsor.com 06:47 - Introduction 08:10 - Amud Beis 08:17 - Amud Aleph 32:30 - Amud Beis 52:31 - Have a Wonderful Moed Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & פרנסה ולהצלחה בשפע ולזיווג הגון בקרוב משה יחיאל בן פריידא לאה & Kidnovations LLC in honor of Mark Aschkenasy who while he was out with his family took the time to help out another MDY'er with a medical emergency. And as a zechus for Esther bas Toba Liba and Daniel Mordechai Ben Toba Liba to find their zivugim quickly -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Moed 00:14 - When am I? 00:25 - Omer.8MinDaf.com 00:30 - Emails 05:38 - MDYsponsor.com 06:28 - Introduction 06:57 - Amud Beis 10:34 - Amud Aleph 27:14 - Amud Beis 53:32 - Have a Wonderful Moed/Shabbos Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & for an aliyat neshama for Yaakov Tzvi Radin on his Yahrtzeit, the 3rd of the Omer תפארת שבחסד which totally embodies Yaakov Tzvi & Mordechai Sapoznick: In honor of R' Eli's Ameilutz BaTorah! Not once missing a shiur throughout Yom Tov! -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Moed 00:19 - Where am I? 00:53 - Emails 02:17 - MDYsponsor.com 02:53 - Amud Aleph 20:31 - Amud Beis 42:26 - Have a Wonderful Moed Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Moed00:14 - Where am I?00:20 - Thank You Mark!01:45 - MDYsponsor.com02:59 - Introduction05:39 - Amud Beis10:21 - Amud Aleph28:49 - Amud Beis46:44 - Amud Aleph47:12 - Have a Wonderful SedarQuiz - http://Kahoot.8MinDaf.com--Today's shiur is sponsoredAnonymous - For the safe and speedy return of all the hostages&לע״נ זכריה בן משהלע״נ חיה בת יוסף&Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel!&Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah&Binyomin Rosenfeld: For hatzlacha in business and all my endeavours&In honor of the 10th Yahrzeit of our dear fatherר' שמעון גד בן ר' צבי הירש ע"ה a descendant ofהרה"ג אברהמ'לי אחי הגרא by his sons הלל ועזרא אברהמס&לע"נ חיים בן אהרן חנוך ז"ל--Turning of the daf:Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga&O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning.&Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke"And Horav Eliezer Moshe ben Reb Shayma Zatzal_________________________________
00:00 - Good Moed 00:14 - When am I? 00:32 - I have a question 01:16 - MDYsponsor.com 02:00 - Introduction 03:15 - Amud Beis 03:26 - Amud Aleph 28:01 - Amud Beis 43:02 - A Choel HaMoed Vort Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Zev Wasserman: L'iluy Nishmas Chana bas Yocheved. Her neshamah should have an aliya -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 01:32 - Emails 04:20 - MDYsponsor.com 06:39 - Wishing Chag Sameach 08:05 - Amud Beis 09:08 - Guests 14:25 - Amud Aleph 36:33 - Amud Beis 52:23 - Have a Wonderful Sedar Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Yaakov Soled: l'iluy nishmas HaRav Moshe ben Yaakov Soled Z"L Note: father's Yartzeit is 22 Nissan & As a זכות to keep up with the דף over פסח and to have a true חג כשר ושמח! & Tzvi Gluck: l'iluy nishmas Chaya Sara bas Dovid Yechiel -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 00:14 - Where am I? 01:11 - MDYsponsor.com 02:06 - Something about Pesach 03:09 - Amud Beis 07:35 - ידיעות הש"ס 09:26 - Amud Beis continued 10:15 - Amud Aleph 40:47 - Amud Beis 54:20 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Voch 00:13 - Where am I? 01:48 - MDYsponsor.com 03:30 - Introduction 06:44 - Amud Beis 08:26 - Amud Aleph 32:34 - Amud Beis 51:22 - Have a Wonderful Week Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Abba Rennert: לע״נ רבי שמשון דוד פינקוס זצוק״ל והרבנית חיה מינדל ובתם מרים ע״ה on their Yartzeit -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 00:14 - Where am I? 01:14 - Lets learn for the klal 03:06 - Introduction 04:09 - MDYsponsor.com 05:07 - Introduction continued 06:19 - Amud Beis 10:00 - Amud Aleph 42:57 - Amud Beis 53:17 - Have a Wonderful Shabbos Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Leulei nishmas Dovid Tal Or ben Yosef Mordechai, a bachur who was suddenly niftar & Avrumy Lebovitz: Le'ilu nishmas my Father, Reb Yisroel Ben Reb Yitzchok. Yurtzeit Yud Aleph Nissan -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 00:15 - Where am I? 00:19 - Today! 00:30 - Emails 04:04 - MDYsponsor.com 04:49 - Introduction 09:14 - Lets start with the Rashi on top 10:37 - Amud Beis 11:53 - Amud Aleph 27:38 - Amud Beis 47:39 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & רפואה שלימה אלימלך בן צפורה & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Edward Galster: In memory of my beloved mother in law Helen Weitzberg Chaya Hendel bas Yaakov a”h -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 00:13 - Where am I? 01:26 - Traveling & Antisemitism 03:26 - Emails 05:24 - MDYsponsor.com 06:16 - Guests 06:50 - Introduction 07:12 - Amud Beis 12:33 - Amud Aleph 42:40 - Amud Beis 01:03:26 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & רפואה שלימה אלימלך בן צפורה & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & l"n Noach ben Moshe from his son Yehoshua Feldman and family & Nachos Friends: לעילוי נשמת שרונה בילא בת ירחמיאל -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 00:12 - Where am I? 00:37 - Emails 01:31 - Missiles & Antisemitism 02:35 - Introduction 02:59 - Amud Beis 03:28 - MDYsponsor.com 04:43 - Amud Beis 06:03 - Amud Aleph 31:54 - Amud Beis 43:33 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & רפואה שלימה אלימלך בן צפורה & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Yossi Rosner: On the Yahrzeit of my dear sister, Marsha Henry (Malka Idis bat Chiam) -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 00:14 - Guests 00:27 - Mazel Tov Avi! 02:41 - Emails 03:54 - I'm still here 07:05 - A few thank yous 11:12 - It's been a year
00:00 - Good Morning 00:16 - 2 hours sleep 04:09 - Mazel Tov Avi! 05:43 - We can plan 07:15 - Guests 08:16 - MDYsponsor.com 09:06 - Amud Beis 21:10 - Amud Aleph 42:41 - Amud Beis 57:10 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & רפואה שלימה אלימלך בן צפורה & Yosef Ben Chaya S ara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Happy Birthday to Asher Zelig Farkovits - Mommy, Totty & Yisroel Dov & BRAIN INTACT Unleash your full potential: Should be זוכה to נחת דק and tremendous success in all my Endeavors -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Singing 02:09 - Good Voch 02:17 - Guests 03:25 - Charidy.com/MDY 04:06 - Emails 04:35 - MDYsponsor.com 05:37 - Tomorrows plans 07:15 - Pesach Advice 08:06 - Introduction 09:39 - Amud Beis 17:35 - Amud Aleph 36:19 - Amud Beis 55:49 - Have a Wonderful Week Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & רפואה שלימה אלימלך בן צפורה & Yosef Ben Chaya S ara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & Mordechai Sapoznick: L'ilui Nishmas his Great Grandmother, Rebbitzen Seirka Blumenreich, Seirka bas R' Shlomo Zalman a"h. May her neshama have an aliyah and may she be a meiletz yosher for the entire mishpacha and all of Klal Yisroel! -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 0022: - Guests 00:44 - Emails 04:41 - Charidy.com/MDY 07:46 - MDYsponsor.com 08:34 - Zoom 08:49 - Pesach Advice 10:38 - Introduction 12:14 - Amud Aleph 23:14 - Hadran 43:15 - Amud Beis 57:55 - Have a Wonderful Shabbos Quiz - http://Kahoot.8MinDaf.com -- Motzei Shabbos - 9.30pm -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & רפואה שלימה אלימלך בן צפורה & Yosef Ben Chaya S ara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & לרפואה שלימה מרדכי בן אסתר & Aaron Trauring: L'Zecher Nishmas my father, Yitzchok Ben Avraham Yosef -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Morning 00:14 - Guests 00:26 - Charidy.com/MDY 01:26 - Emails 06:26 - MDYsponsor.com 07:34 - Introduction 07:50 - Amud Aleph 36:48 - Amud Beis 51:12 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & רפואה שלימה אלימלך בן צפורה & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & לרפואה שלימה מרדכי בן אסתר -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
00:00 - Good Chodesh 00:14 - Emails 10:00 - MDYsponsor.com 12:49 - Amud Aleph 37:30 - Amud Beis 50:17 - Amud Aleph 50:24 - Have a Wonderful Day Quiz - http://Kahoot.8MinDaf.com -- Today's shiur is sponsored Anonymous - For the safe and speedy return of all the hostages & לע״נ זכריה בן משה לע״נ חיה בת יוסף & Ahron Fraiman: It should be a zechus to R Eli for continued siyadta dishmaya in teaching Torah to Klal Yisroel! & רפואה שלימה אלימלך בן צפורה & Yosef Ben Chaya Sara: For all the zchusim that come from supporting limud HaTorah & Binyomin Rosenfeld: For hatzlacha in business and all my endeavours & לרפואה שלימה מרדכי בן אסתר & Malki and Gary Gartenberg: zecher Pinchas Menachem ben Zvi, Philip Harris of Scranton & Hatzlacha & in honor of Jacob Gindi, who looks forward to learning the daf every day & Kudos to Chabad Houses in Burlington, Albany, and elsewhere, for being a haven for MDYers and others of all stripes to daven b'tzibur to and from the eclipse. From totality to reality, it's about the Yomi! From: Those who benefited from this Golden Dove opportunity -- Turning of the daf: Kidnovations LLC in honor of my Uncle Reb Elchanan Pressman and as a zechus for Akiva Simcha Ben Feiga & O'Fishel's Mitzvah Motivators: In honor of the Lehmans for sponsoring sefarim for the daily Ner Tamid learning. & Gewirtzman Brothers: For Yartzeits of Our Grandfathers Hachaver Moshe ben Yerachmiel, a"h, "An Original Real Yekke" And Horav Eliezer Moshe ben Reb Shayma Zatzal _________________________________
Don't overlook perennial plants! We're discussing what are perennials and why they're an important aspect of the homestead. Start building resiliency and plant some perennials now!For more information, visit the blog post here: https://homesteadingfamily.com/growing-perennials-on-the-homestead/Thanks to Lehmans for sponsoring today's podcast. We love shopping Lehmans because they have quality products that help us from PLANT to PLATE to PANTRY. Shop this link and use coupon code "1FH5CT" for 15% off your order: https://homesteadingfamily.com/shop-lehmansTime Stamps0:00 - Chit Chat5:56 - Water Glassing Eggs7:07 - Vertical Gardening Strategy11:26 - Main Topic - Perennials~~~~~~~~~~~~~~~MORE ABOUT US!WELCOME! We're so glad you're here! We are Josh and Carolyn Thomas. Together with our nine children, we are The Homesteading Family where we're living a self-sustainable life in beautiful North Idaho. Let us welcome you and show you a bit about us here: http://bit.ly/HFWelcomeVideoGrow, Preserve & Thrive with us!Visit us on our blog: https://www.homesteadingfamily.comFacebook at https://www.facebook.com/homesteadingfamilyInstagram: https://instagram.com/homesteadingfamilyRumble: https://rumble.com/HomesteadingFamilyA few highlights you don't want to miss are our FREEBIES!!Healthy Healing at Home – Learn how to confidently use herbal medicine in your home with this FREE 4 video workshop: https://homesteadingfamily.com/HHHytYour Best Loaf – A Free 4 video workshop teaching you how to make great bread at home, every time, regardless of the recipe you are using: https://homesteadingfamily.com/free-bread-workshopMeals on Your Shelf – Can along with me! Learn to can and put jars of a delicious meal on your pantry shelf with this FREE video series: https://homesteadingfamily.com/MOYS-free-workshopFREE PDF DOWNLOADS:- 5 Steps to a More Self-Sufficient Life - Simple steps anyone can take wherever they are to start a more self-sufficient lifestyle. https://homesteadingfamily.com/5StepsYT- Thrive Wellness Checklist - A simple guide for healthy living: https://homesteadingfamily.com/TWC_YT- Carolyn's Cottage Garden herb list - Carolyn's favorite herbs for growing at home.https://homesteadingfamily.com/CGHL_YT- Your FREE Guide to Preserving Eggs - Grab your guide to preserving eggs with multiple methods. https://homesteadingfamily.com/Eggs_YT- 5 Steps to a Healthy Garden - Get an explanation of what makes healthy soil and 5 steps you can take to improve your garden.Click to learn more about our monthly In The Homesteading Kitchen Magazine. Click to sign up for the living training "Art ofYes! You can Confidently Fill Your Shelves With Safe, Healthy, Home-Canned Meals! Sign up today for Carolyn's FREE 4 day video workshop!...and start filling your pantry with delicious, easy meals!!
Paul Posoli was at the forefront of energy trading through a 20 year career. In this episode, we follow Paul's story has he joins Enron, builds a trading desk for a merchant and an investment bank, mapping through his career the peaks and valleys this sector has had. At the heart of that journey is Paul focus on people and talent. And it is that focus that led Paul to join Cristo Rey, a non-profit Jesuit high school educating students with and from limited economic resources, as President (https://www.cristoreynetwork.org). That journey led Paul to launch CareerSpring, a non-profit platform for connecting first generation college grads to employers unlocking systemic inequalities that enriches society and employers. HC Group is proud to be partners and you and your organization can help support CareerSpring (https://careerspring.org/). An inspirational story of leadership, resilience and profound empathy.
This week on Pastor to Pioneer, Britton speaks with Delton and Charity Lehman, a couple in the middle of the discernment process regarding what a simple church and discipleship-oriented movement might look like for them in their current life context. Delton and Charity ended up in Pennsylvania, at the church Delton grew up in, with Delton serving as the head pastor there. Lately, Delton has been hearing more and more about disciple-making and discipleship oriented movements around the world, and wrestling with what that might look like in his own city. The more he has struggled with these ideas, the more he has felt led to ask the question, “What do I do with this?” Delton shares these struggles with Britton, exploring whether this is something that is just for him and his family, or for the broader church they serve as well. Charity and Delton reveal that they will soon be having a difficult but honest conversation about these struggles; about their love for their church but the seeming incompatibility with the things stirring in their hearts. The Lehmans are earnest about discerning their next steps alongside wise friends, and though they don't know what the future holds or which direction they will go, they trust Holy Spirit to guide them through the process.
Economist and podcaster, Jim Power, talks to Eamon about the state of Ireland's economy and the impact of the the UK's 'mini-budget'. Also the rumours about trouble ahead for Credit Suisse which has been described as what could be a 'mini-Lehmans' moment..Recorded 3rd October 2022. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.
Jay spent 40 years in international finance, including at Elliot Management and Lehmans. His primary focus was on distressed EM sovereign debt. He was central to the historic 15-year fight to recover billions of dollars in defaulted Argentine debt. That campaign, which included the court-approved seizure of an Argentinian Navy ship in Ghana with 200 people aboard in 2012, reached a successful conclusion in 2016. The Wall Street Journal reported that the settlement was worth $2.4 billion, a gain of roughly 10 to 15 times the original investment. The Financial Times said the settlement ‘is seen as one of the greatest hedge fund trades' in history. Jay has now switched to writing with his debut novel, about dark money and global politics, Undermoney. On this podcast we discussed how to sue a country, how countries like Russia evade sanctions, how illicit money is moved through central banks, and much more.
Des neurones miroirs à la zététique Écoutez l'étonnante histoire des neurones miroirs découverts par Giacomo Rizzolatti dans les années 90' : ils permettent l'apprentissage moteur par mimétisme chez les animaux, mais il faudra attendre l'année 2010 pour prouver leur existence et leur rôle chez l'humain. Giacomo poussera alors cette théorie jusqu'à son paroxysme en proposant que ces neurones miroirs sont aussi à l'origine de notre capacité d'empathie, théorie alors adoptée par la communauté. Mais une équipe de neuroscientifiques usera du sens de la zététique, cet “art du doute”, mêlé à une méthode scientifique rigoureuse, pour replacer le curseur de cette théorie là où elle est véritablement démontrée. Cette anecdote invite les auditeurs à découvrir plus largement la zététique au travers des ressources mises à disposition par le Pr. Richard Monvoisin, enseignant en zététique à l'université de Grenoble, pour déceler en un coup d'œil les raisonnements fallacieux qui font rage dans notre société actuelle ! Ce que le très connu linguiste Noam Chomsky, appelle « Autodéfense intellectuelle contre la fabrication du consentement », une nécéssité sociétale récemment illustrée dans le film satirique « Don't Look up », dans lequel la manipulation des informations et une méthode scientifique bafouée ont pour conséquences des choix politiques dramatiques pour l'humanité ! De la zététique en transition énergétique ! Alors, afin de vous « auto-défendre » des débats d'opinions stériles qui opèrent en France depuis longtemps sur l'éolien et le nucléaire, devenez vous-même zététique et forgez-vous un avis éclairé sur la question de la transition énergétique en France. Anna suggère d'explorer deux rapports étayés et accessibles pour tout citoyen: (1) le rapport de RTE qui propose 10 scénarios énergétiques et (2) le rapport de l'ADEME qui propose 4 choix de société complémentaires qui pourraient conduire la France vers la neutralité carbone : Génération frugale, Coopération territoriale, Technologies vertes et Pari réparateur. Enfin, cette chronique rappelera que les travaux du Groupement International des Experts du Climat s'appuient sur les travaux de 750 chercheurs de 91 nationalités différentes qui font tourner 40 modèles différents sur une dizaine de critères climatiques pour confronter leurs résultats en donnant les niveaux de convergences ou d'incertitudes de leurs prédictions de chaque critère lié au dérèglement climatique. *Références et pour aller plus loin 1- Histoire des Neurones miroirs Les systèmes de neurones miroirs, discours sous la coupole le 12 décembre 2006 par Giacomo Rizzolatti. Rizzolatti, G., & Craighero, L. (2004). The mirror-neuron system. Annu Rev Neurosci, 27, 169-192. doi: 10.1146/annurev.neuro.27.070203.144230 Cook R, Bird G, Catmur C, Press C, Heyes C. Mirror neurons: from origin to function. Behav Brain Sci. 2014 Apr;37(2):177-92. doi: 10.1017/S0140525X13000903. PMID: 24775147. Heyes, C., & Catmur, C. (2022). What Happened to Mirror Neurons? Perspect Psychol Sci, 17(1), 153-168. doi: 10.1177/1745691621990638 2- Zététique et enseigner l'esprit critique La zététique, sur une fine couche de glace, article issu du blog plein de ressources sur la zététique de Richard Monvoisin, professeur enseignant à l'université de Grenoble Foucart, S., Horel, S., Laurens, S. (2020). Les gardiens de la raison: Enquête sur la désinformation scientifique. Paris: La Découverte. Lehmans, A. (2021). Éduquer à l'incertitude : culture de l'information et esprit critique, une approche comparée . Éducation et sociétés, 45, 57-77. 3- Des Scénarios énergétiques pour la france Scénarios Négawatt 2022 : Scénarios Négawatt 2022 Rapport de RTE 2021, Futurs énergétiques 2050 : les scénarios de mix de production à l'étude permettant d'atteindre la neutralité carbone à l'horizon 2050. Rapport de l'ADEME : Transition(s) 2050 : choisir maintenant, agir pour le climat Conférence à deux voix, les dessous du GIEC, IMT Mines Albi, j anvier 2022. Découvrez le Paradoxe de Jevons
On this episode of THHoopers, the full squad discusses what the Grizz-Pelicans trade means for both sides, like how it effects the way the Grizzlies attack the draft and how the Pelicans put a price tag on Lonzo Ball. After that, underqualified draft expert Lehman gives his impressions of the upcoming prospects, and who he likes and dislikes upon the eye test. To close it off the guys talk about how quick the Raps hung the phone up when the Sixers called about Ben Simmons, why SGA is on the trade block, and could Derozan actually fit with Bron and AD. Thanks for the listen yall, much love
On this episode of THHoopers, Lehman talks about the 3 games from wednesday and thursday, including the Hawks crazy comeback, MVPG leading the clips to a pivotal game 5 win in Utah, and the Bucks big 3 forcing a game 7 out of the beaten up Nets. After that, in a busy news episode- the mavs in the market for a new GM and head coach, the Pelicans looking like a mess after firing SVG and reports saying Zion is already tired of the Pelicans, CP3 entering the COVID protocol, LeBron sending out tweets about how if the NBA listened to him it would have avoided all these injuries to stars, and all the ROTY and All Rookie Team talk. To finish it out everyone gives their predictions for the weekend of ball, as well as Lehmans top 3 keys to watch in each series. Thanks for the listen yall, much love
Jonatan är som förbytt. Har han besökts av christmas spirits? Chippen har stött på sin första schackpuckel. Ännu ett straff […]
Lex Sokolin iLex Sokolin is a futurist and an entrepreneur focused on the next generation of financial services. He is the global fintech co-head at ConsenSys, a blockchain technology company building the infrastructure, applications, and practices that enable a decentralized world. Lex focuses on emerging digital assets, public and private enterprise blockchain solutions, and decentralized autonomous organizations. Previously, Lex was the global director of fintech strategy at Autonomous Research (acquired by AllianceBernstein), an equity research firm serving institutional investors, where he covered artificial intelligence, blockchain, neobanks, digital lenders, roboadvisors, payments, insurtech, and mixed reality. Before Autonomous, Lex was COO at AdvisorEngine, a digital wealth management technology platform, and CEO of NestEgg Wealth, a roboadvisor that partnered with financial advisors. Prior to NestEgg, Lex held roles in investment management and banking at Barclays, Lehman Brothers and Deutsche Bank. Lex is a contributor of thought leadership to The Wall Street Journal, The Economist, Bloomberg, the Financial Times, Reuters, American Banker, ThinkAdvisor, and InvestmentNews, among others. He is a regular speaker at industry conferences such as Money2020, LendIt, Schwab Impact, In|Vest, T3 Enterprise Edition, and Consensus. He earned a JD/MBA from Columbia University and a BA in economics and law from Amherst College. “The good news is that I didn’t have any money, or whatever money I did have I put into some discounted Lehman stock thinking these guys knew what they’re talking about. And if there’s so much confidence, and they have such fancy suits, and they get paid so much, this thing’s got to … go up. And of course ... it didn’t go up, not at all, not in any way whatsoever, it just went down.” Lex Sokolin, on his time at Lehman Brothers in 2007 Support our sponsor Today’s episode is sponsored by the Women Building Wealth membership group, the complete proven step-by-step course to guide women from novice to competent investor. To learn more, visit: WomenBuildingWealth.net. Worst investment ever Fresh graduate joins Lehman Brothers analyst program The year was 2006. Lex had just graduated from his undergraduate degree in economics. It was still cool to work in finance. He joined the Lehman Brothers’ analyst program alongside 40-50 people when the brand was very strong. His intake were young kids out of school, and associates. They were starting at the investment management division. One of the orientation activities was a stock-picking contest in which new staff had three months to generate the highest returns in a no-risk setting. Wins stock-picking contest just as big banks start to fail He won, which did amazing and damaging things for his ego. He was on top of the world as he had bested Stanford and Harvard people, and was on the road to success. It was now 2007. Bear Stearns appeared to be failing and collapsed shortly afterward. Rumors were circulating that the big banks had a lot of bad debt on their balance sheets and that they couldn’t meet their obligations. A liquidity crisis was looming and Lehman was in the crosshairs. Staff 401K packages are matched in Lehman stock At the time, Lex was in this investment management business and the Lehman price was around US$120 per share. Then it started to fall. It halved its value to 60. Then it plunged to 20 and Lex remembers that day. There was a strong corporate culture at Lehman Brothers. The corporate color was green so people would say everybody leaves green because everyone’s on the same team. So managing directors got paid in Lehman stock as a percentage of their accomplishments. Analysts such as Lex were matched in their 401K plans in stock. If you saved $10,000 you would get $10,000 in Lehman stock and nothing else. Also, staff could buy more stock at a 20% discount. Gordon-Gekko type invokes team spirit, tells staff to invest in Lehman stock So Lehman stock was $20, and it had been falling for months. Lex watched as the New York branch manager, an 80s throwback with Gordon Gekko suspenders and haircut, was saying that the stock price was ridiculous and that it had never been so cheap, so he was directing staff to buy more Lehman stock. Mr. Greed is Good was among people managing $80 billion in that business and another $200 billion in an adjacent business. Lex was 22 so seeing such experienced people made him think it was a good idea. The good news was that he didn’t have much money, because the stock never recovered and due to politics and personal animosity, and the devious dealings of Goldman Sachs, the whole company was the only one not saved by the bailout or takeover deals. Lehmans went to zero. Lehmans alone was left out in the cold Merrill Lynch also collapsed, but it was taken over by the Bank of America. So it didn’t go to zero. Bear Stearns had collapsed earlier but it was bought by JP Morgan. Lehman was the example for the whole world of learning how to be punished, and seeing the destruction of wrong balance sheet construction. Lehman was not a worse business than Merrill, it was a better business than Merrill, and it was not a worse business than Bear Stearns. What however happened was that when it was time to talk about a bailout, all the people in the room, from the treasury secretary to all the other banks, every single person had been a Goldman Sachs (GS) employee. 401K matching also went to zero also So Lex’s retirement package also matched Lehman’s and went to zero. So as a young analyst who was really good at virtual stock games none of the outcome was part of his decision process and was not something he knew. So understanding that this was not an exception, that the world is defined by these edge cases, that the whole thing is just these edge cases, was an extremely valuable takeaway. While he lost everything he had at the time, in the long horizon, “things turned out quite all right”. “I was a super interesting moment, I am so incredibly grateful for having that early in my career, you know, two years into my career, because I saw everything from the behavioural biases that people have about the places where they work, the problems of over indexing and to one particular security, and then more than anything, you know, like idiosyncratic risk that you really can’t predict.” Lex Sokolin Some lessons Overconcentration in any position exposes you to great idiosyncratic risk This is the kind of risk that you cannot create a model for, nor can you have any good sense for it, because it is unknowable. Diversification in portfolio construction is the answer Build a portfolio without overexposing yourself to any particular holding – diversify. If you’re doing a barbell strategy, make sure the other side of the barbell is really conservative, so if you one of your positions fails, it doesn’t harm your portfolio in a big way. People are not reliable sources of information Most of the time the information you’re receiving from other people is based on emotion. They might dress it up in technical language, but it’s not useful information. It’s just how they feel. “So understanding that this (Lehman’s collapse) was not an exception, that the world is defined by these edge cases, that the whole thing is just these edge cases … was a majorly valuable takeaway.” Lex Sokolin Andrew’s takeaways Benefits of diversification Risk disappears or reduces very quickly, in the beginning as you start to blend stocks together. “Diversification is the seat belt and blending in some sort of other instruments, such as bonds for example, is the airbag.” Common mistakes Collated from the My Worst Investment Ever series, the six main categories of mistakes made by interviewees, starting from the most common, are: Failed to do their own research Failed to properly assess and manage risk Were driven by emotion or flawed thinking Misplaced trust Failed to monitor their investment Invested in a start-up company Misplaced trust Particularly for young people, you see senior financial experts managing billions of dollars, and you think: “This guy’s got to know.” Andrew always says, everyone’s ultimately making it up, this man or that woman just has a lot more experience making it up than others, and maybe has some great experience in risk management or another area. It’s hard to rely on humans to give you great information It’s also hard to rely on machines, or charts or data, to give you correct information Actionable advice Figure out what know that you know and what you know that you don’t know Everything flows from that: the selection of your investment philosophy, the selection of your risk tolerance and your ability to put money to work. Figure out your goals for the financial planning you’re doing. Ask yourself the following: Why are you investing? What are you trying to get out of it? How are you going to behave when different scenarios play out in your investment’s performance? What kind of investor are you? Do you need help? Do you want to delegate that to somebody who will make you feel more secure and give you a smarter overlay? Or do you want to do it yourself? No. 1 goal for next the 12 months Lex at ConsenSys, one of the largest blockchain technology companies in the world, is focused on the tokenization of securities and the “connective tissue” between the traditional financial world and the world of digital assets, crypto assets, and how the two connect through platforms and software. So he’s trying to build some cool tools for people to get access to financial instruments that historically they either didn’t have enough money to do or was just too difficult to get involved with. It’s a very interesting opportunity because there has been a lot of pushback recently against cryptocurrencies at every level. Parting words If listeners would like to keep up with some fintech news and developments, Lex invites you to check out his Twitter or follow him on LinkedIn for his newsletter. You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr. Deming’s 14 Points Connect with Lex Sokolin LinkedIn Twitter Website Email Connect with Andrew Stotz Astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast Further reading mentioned Harry Markowitz (1971) Portfolio Selection: Efficient Diversification of Investments s a futurist and an entrepreneur focused on the next generation of financial services. He is the global fintech co-head at ConsenSys, a blockchain technology company building the infrastructure, applications, and practices that enable a decentralized world. Lex focuses on emerging digital assets, public and private enterprise blockchain solutions, and decentralized autonomous organizations. Previously, Lex was the global director of fintech strategy at Autonomous Research (acquired by AllianceBernstein), an equity research firm serving institutional investors, where he covered artificial intelligence, blockchain, neobanks, digital lenders, roboadvisors, payments, insurtech, and mixed reality. Before Autonomous, Lex was COO at AdvisorEngine, a digital wealth management technology platform, and CEO of NestEgg Wealth, a roboadvisor that partnered with financial advisors. Prior to NestEgg, Lex held roles in investment management and banking at Barclays, Lehman Brothers and Deutsche Bank. Lex is a contributor of thought leadership to The Wall Street Journal, The Economist, Bloomberg, the Financial Times, Reuters, American Banker, ThinkAdvisor, and InvestmentNews, among others. He is a regular speaker at industry conferences such as Money2020, LendIt, Schwab Impact, In|Vest, T3 Enterprise Edition, and Consensus. He earned a JD/MBA from Columbia University and a BA in economics and law from Amherst College. “The good news is that I didn’t have any money, or whatever money I did have I put into some discounted Lehman stock thinking these guys knew what they’re talking about. And if there’s so much confidence, and they have such fancy suits, and they get paid so much, this thing’s got to … go up. And of course ... it didn’t go up, not at all, not in any way whatsoever, it just went down.” Lex Sokolin, on his time at Lehman Brothers in 2007 Support our sponsor Today’s episode is sponsored by the Women Building Wealth membership group, the complete proven step-by-step course to guide women from novice to competent investor. To learn more, visit: WomenBuildingWealth.net. Worst investment ever Fresh graduate joins Lehman Brothers analyst program The year was 2006. Lex had just graduated from his undergraduate degree in economics. It was still cool to work in finance. He joined the Lehman Brothers’ analyst program alongside 40-50 people when the brand was very strong. His intake were young kids out of school, and associates. They were starting at the investment management division. One of the orientation activities was a stock-picking contest in which new staff had three months to generate the highest returns in a no-risk setting. Wins stock-picking contest just as big banks start to fail He won, which did amazing and damaging things for his ego. He was on top of the world as he had bested Stanford and Harvard people, and was on the road to success. It was now 2007. Bear Stearns appeared to be failing and collapsed shortly afterward. Rumors were circulating that the big banks had a lot of bad debt on their balance sheets and that they couldn’t meet their obligations. A liquidity crisis was looming and Lehman was in the crosshairs. Staff 401K packages are matched in Lehman stock At the time, Lex was in this investment management business and the Lehman price was around US$120 per share. Then it started to fall. It halved its value to 60. Then it plunged to 20 and Lex remembers that day. There was a strong corporate culture at Lehman Brothers. The corporate color was green so people would say everybody leaves green because everyone’s on the same team. So managing directors got paid in Lehman stock as a percentage of their accomplishments. Analysts such as Lex were matched in their 401K plans in stock. If you saved $10,000 you would get $10,000 in Lehman stock and nothing else. Also, staff could buy more stock at a 20% discount. Gordon-Gekko type invokes team spirit, tells staff to invest in Lehman stock So Lehman stock was $20, and it had been falling for months. Lex watched as the New York branch manager, an 80s throwback with Gordon Gekko suspenders and haircut, was saying that the stock price was ridiculous and that it had never been so cheap, so he was directing staff to buy more Lehman stock. Mr. Greed is Good was among people managing $80 billion in that business and another $200 billion in an adjacent business. Lex was 22 so seeing such experienced people made him think it was a good idea. The good news was that he didn’t have much money, because the stock never recovered and due to politics and personal animosity, and the devious dealings of Goldman Sachs, the whole company was the only one not saved by the bailout or takeover deals. Lehmans went to zero. Lehmans alone was left out in the cold Merrill Lynch also collapsed, but it was taken over by the Bank of America. So it didn’t go to zero. Bear Stearns had collapsed earlier but it was bought by JP Morgan. Lehman was the example for the whole world of learning how to be punished, and seeing the destruction of wrong balance sheet construction. Lehman was not a worse business than Merrill, it was a better business than Merrill, and it was not a worse business than Bear Stearns. What however happened was that when it was time to talk about a bailout, all the people in the room, from the treasury secretary to all the other banks, every single person had been a Goldman Sachs (GS) employee. 401K matching also went to zero also So Lex’s retirement package also matched Lehman’s and went to zero. So as a young analyst who was really good at virtual stock games none of the outcome was part of his decision process and was not something he knew. So understanding that this was not an exception, that the world is defined by these edge cases, that the whole thing is just these edge cases, was an extremely valuable takeaway. While he lost everything he had at the time, in the long horizon, “things turned out quite all right”. “I was a super interesting moment, I am so incredibly grateful for having that early in my career, you know, two years into my career, because I saw everything from the behavioural biases that people have about the places where they work, the problems of over indexing and to one particular security, and then more than anything, you know, like idiosyncratic risk that you really can’t predict.” Lex Sokolin Some lessons Overconcentration in any position exposes you to great idiosyncratic risk This is the kind of risk that you cannot create a model for, nor can you have any good sense for it, because it is unknowable. Diversification in portfolio construction is the answer Build a portfolio without overexposing yourself to any particular holding – diversify. If you’re doing a barbell strategy, make sure the other side of the barbell is really conservative, so if you one of your positions fails, it doesn’t harm your portfolio in a big way. People are not reliable sources of information Most of the time the information you’re receiving from other people is based on emotion. They might dress it up in technical language, but it’s not useful information. It’s just how they feel. “So understanding that this (Lehman’s collapse) was not an exception, that the world is defined by these edge cases, that the whole thing is just these edge cases … was a majorly valuable takeaway.” Lex Sokolin Andrew’s takeaways Benefits of diversification Risk disappears or reduces very quickly, in the beginning as you start to blend stocks together. “Diversification is the seat belt and blending in some sort of other instruments, such as bonds for example, is the airbag.” Common mistakes Collated from the My Worst Investment Ever series, the six main categories of mistakes made by interviewees, starting from the most common, are: Failed to do their own research Failed to properly assess and manage risk Were driven by emotion or flawed thinking Misplaced trust Failed to monitor their investment Invested in a start-up company Misplaced trust Particularly for young people, you see senior financial experts managing billions of dollars, and you think: “This guy’s got to know.” Andrew always says, everyone’s ultimately making it up, this man or that woman just has a lot more experience making it up than others, and maybe has some great experience in risk management or another area. It’s hard to rely on humans to give you great information It’s also hard to rely on machines, or charts or data, to give you correct information Actionable advice Figure out what know that you know and what you know that you don’t know Everything flows from that: the selection of your investment philosophy, the selection of your risk tolerance and your ability to put money to work. Figure out your goals for the financial planning you’re doing. Ask yourself the following: Why are you investing? What are you trying to get out of it? How are you going to behave when different scenarios play out in your investment’s performance? What kind of investor are you? Do you need help? Do you want to delegate that to somebody who will make you feel more secure and give you a smarter overlay? Or do you want to do it yourself? No. 1 goal for next the 12 months Lex at ConsenSys, one of the largest blockchain technology companies in the world, is focused on the tokenization of securities and the “connective tissue” between the traditional financial world and the world of digital assets, crypto assets, and how the two connect through platforms and software. So he’s trying to build some cool tools for people to get access to financial instruments that historically they either didn’t have enough money to do or was just too difficult to get involved with. It’s a very interesting opportunity because there has been a lot of pushback recently against cryptocurrencies at every level. Parting words If listeners would like to keep up with some fintech news and developments, Lex invites you to check out his Twitter or follow him on LinkedIn for his newsletter. You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr. Deming’s 14 Points Connect with Lex Sokolin LinkedIn Twitter Website Email Connect with Andrew Stotz Astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast Further reading mentioned Harry Markowitz (1971) Portfolio Selection: Efficient Diversification of Investments
After a brief hiatus, Anais and Jordanne say howdy, tell you our news and announce our sponsorship renewal with Lehmans (https://www.lehmans.com). Thanks Lehmans! SPONSORED BY
In this episode of Mother Earth News and Friends, Ira Wallace and Liza Ziegler are discussing what to plant in your garden while keeping food preservation in mind. Here is a collection of resources that may pique your interest: www.Lehmans.com www.motherearthnews.com/ogden-giveaways Garden Planning for Preservation Keep Track of Your Preserving Projects with a Canning Journal Make the Most of Your Garden with the Garden Planner The Big Book of Preserving the Harvest Lisa Mason Ziegler's Links The Gardener's Workshop Cool Flowers Vegetables Love Flowers Ira Wallace's Links Southern Exposure Seed Exposure Vegetable Gardening in the Southeast Check out the MOTHER EARTH NEWS Bookstore for more resources that may pique your interests! To see more podcasts, visit our Mother Earth News and Friends page! Check out the MOTHER EARTH NEWS FAIR page for an opportunity to see our podcast guest live! The Mother Earth News and Friends podcast is a production of Ogden Publications.
I lördags (15 sep 2018) var det 10 år sedan den anrika investmentbanken Lehman Brothers kollapsade i USA och nästintill orsakade en finansiell härdsmälta. Under finanskrisen föll börsen i 473 dagar, från 13 juli 2007 till 27 oktober 2008, men faktum är att börsen bottnade blott 43 dagar efter just Lehmans kollaps. Totalt sett föll börsen -57,8 % och många bolag såg i princip hela börsvärdet utraderas. Men den som hade turen att köpa aktier under krisen har gjort en god affär. Från botten har SIX30RX stigit +569 % eller 20,93 % årligen i snitt. I avsnittet går vi igenom vilka bolag som gick sämst i nedgången och omvänt vilka som gick bäst i återhämtningen, men kanske viktigast av allt hur man ska tänka i tider då "..blodet flyter på gatorna". Trevlig lyssning, Nicklas
Ed Butler talks to historian Adam Tooze about the legacy of the global financial crisis, which peaked with the collapse of Lehman Brothers in September 2008. Adam Tooze is a professor at Columbia University in New York and the author of a new book Crashed: How a Decade of Financial Crises Changed the World. He argues that the reverberations of 2008 are still defining much of our political and economic life, from the rise of Donald Trump in the US to youth unemployment and economic policy in Europe.(Photo: Lehman Brothers sign being carried to an auction in London in 2010, Credit: Getty Images)
Recording of the 3 LPs recorded in 1968 by Myron Fagan detailing the Illuminati plan for One World Government through the Council on Foreign Relations. (June 21st 2018) 2h51m Comment on FaceBook: https://www.facebook.com/63261054790/posts/10156554177124791Comment on Twitter: https://twitter.com/LeBotCast/status/1009989009341386752 This stunning recording from 1967 speaks to the very problems we face today, including Fake News, government corruption, the corrupt United Nations and infiltration of a Luciferian Rothschild cult who may have gained irreversible control of the US government. https://en.wikipedia.org/wiki/Myron_Coureval_Fagan https://www.youtube.com/watch?v=DfEn9Dz1_j0 Transcript http://educate-yourself.org/nwo/illuminatiagendabestoverviewyet8jun02.shtml Part 1(Original title: The Illuminati and the Council on Foreign Relations ) The question of how and why the United Nations is the crux of the great conspiracy to destroy the sovereignty of the United States and the enslavement of the American people within a U.N. one-world dictatorship is a complete and unknown mystery to the vast majority of the American people. The reason for this unawareness of the frightening danger to our country and to the entire free world is simple. The masterminds behind this great conspiracy have absolute control of all of our mass communications media, especially television, the radio, the press, and Hollywood. We all know that our State Department, the Pentagon, and the White House have brazenly proclaimed that they have the right and the power to manage the news, to tell us not the truth but what they want us to believe. They have seized that power on orders from their masters of the great conspiracy and the objective is to brainwash the people into accepting the phony peace bait to transform the United States into an enslaved unit of the United Nations’ one-world government. First of all, bear in mind that the so-called U.N. police action in Korea, fought by the United States in which 150,000 of our sons were murdered and maimed, was part of the plot; just as the undeclared by Congress war in Vietnam in which our sons are dying is part of the plot; just as the plot against Rhodesia and South Africa in which our sons will be dying is part of the U.N. plot. However, the vitally important thing for all Americans, all you mothers of the boys who died in Korea and are now dying in Vietnam, to know is that our so-called leaders in Washington, who we elected to safeguard our nation and our constitution, are the betrayers and that behind them are a comparatively small group of men whose sole objective is to enslave the whole world of humanity in their satanic plot of one-world government. Now in order to give you a very clear picture of this satanic plot, I will go back to its beginning, clear back in the middle of the 18th century and name the men who put that plot into action and then bring you down to the present – today’s status of that plot. Now as a matter of further intelligence, a term used by the FBI, let me clarify the meaning of the expression “he is a liberal.” The enemy, meaning the one-world conspirators, have seized upon that word “liberal” as a cover-up for their activities. It sounds so innocent and so humanitarian to be liberal. Well, make sure that the person who calls himself a liberal or is described as a liberal is not in truth a “red.” Now then, this satanic plot was launched back in the 1760’s when it first came into existence under the name “Illuminati.” This Illuminati was organized by one Adam Weishaupt, born a Jew, who was converted to Catholicism and became a Catholic priest, and then, at the behest of the then newly organized House of Rothschild, defected and organized the Illuminati. Naturally, the Rothschilds financed that operation and every war since then, beginning with the French Revolution, has been promoted by the Illuminati operating under various names and guises. I say under various names and guises because after the Illuminati was exposed and became notorious, Weishaupt and his co-conspirators began to operate under various other names. In the United States, immediately after World War I, they set up what they called the “Council on Foreign Relations,” commonly referred to as the CFR, and this CFR is actually the Illuminati in the United States and its hierarchy. The masterminds in control of the original Illuminati conspirators, but to conceal that fact, most of them changed their original family names to American sounding names. For example, the true name of the Dillons, Clarence and Douglas Dillon (one Secretary of the U.S. Treasury Department), is Laposky. I’ll come back to all this later. There is a similar establishment of the Illuminati in England operating under the name of the “British Institute of International Affairs.” There are similar secret Illuminati organizations in France, Germany, and other nations operating under different names and all these organizations, including the CFR, continuously set up numerous subsidiary or front organizations that are infiltrated into every phase of the various nations’ affairs. But at all times, the operations of these organizations were and are masterminded and controlled by the Internationalist Bankers, they in turn were and are controlled by the Rothschilds. One branch of the Rothschild family had financed Napoleon; another branch of the Rothschilds financed Britain, Germany, and the other nations in the Napoleonic wars. Immediately after the Napoleonic wars, the Illuminati assumed that all the nations were so destitute and so weary of wars that they’d be glad for any solution, so the Rothschild stooges set up what they called the Congress of Vienna and at that meeting they tried to create the first League of Nations, their first attempted one-world government, on the theory that all the crowned heads of European governments were so deeply in debt to them that they would willingly or unwillingly serve as their stooges. But the Czar of Russia caught the stench of the plot and completely torpedoed it. The enraged Nathan Rothschild, then the head of the dynasty, vowed that some day he or his descendants would destroy the Czar and his entire family, and his descendants did accomplish that very threat in 1917. At this point, bear in mind that the Illuminati was not set up to operate on a short-range basis. Normally a conspirator of any type enters into a conspiracy with the expectation of achieving his objective during his own lifetime. But that was not the case with the Illuminati. True, they hoped to accomplish their objective during their lifetime, but paraphrasing “The show must go on,” the Illuminati operates on the very long-range basis. Whether it will take scores of years or even centuries, they have dedicated their descendants to keep the pot boiling until they hope the conspiracy is achieved. Now, let’s go back to the birth of the Illuminati. Adam Weishaupt was a Jesuit-trained professor of canon law, teaching in Engelstock University, when he defected from Christianity to embrace the luciferian conspiracy. It was in 1770 that the professional money lenders, the then recently organized House of Rothschild, retained him to revise and modernize the age-old Protocols of Zionism, which from the outset, was designed to give the Synagogue of Satan, so named by Jesus Christ, ultimate world domination so they could impose the luciferian ideology upon what would remain of the human race after the final social cataclysm by use of satanic despotism. Weishaupt completed his task May 1, 1776. Now you know why May 1 is the great day with all communist nations to this very day (May 1 is also “Law Day” as declared by the American Bar Association). That was the day, May 1, 1776, that Weishaupt completed his plan and officially organized the Illuminati to put the plan into execution. That plan required the destruction of all existing governments and religions. That objective was to be reached by dividing the masses of people, whom he Weishaupt, termed: “goyism” or human cattle into opposing camps in ever increasing numbers on political, social, economic, and other issues – the very conditions we have in our country today. The opposing sides were then to be armed and incidents provided which would cause them to fight and weaken themselves and gradually destroy national governments and religious institutions. Again I say, the very conditions in the world today. And at this point let me stress a prime feature of the Illuminati plans. When and if their blueprint for world control, the Protocols Of The Elders Of Zion, is discovered and exposed, they would wipe all the Jews off the face of the earth in order to divert suspicions from themselves. If you think this is far fetched, bear in mind that they permitted Hitler, a liberal socialist himself, who was financed by corrupt Kennedy, the Warburgs, and the Rothschilds, to incinerate 600,000 Jews. Now just why did the conspirators choose the word: “Illuminati” for their satanic organization? Weishaupt himself said that the word is derived from Lucifer and means: “holder of the light.” Using the lie that his objective was to bring about a one-world government to enable those with mental ability to govern the world and prevent all wars in the future. In short, using the words: “peace on earth” as his bait, exactly as that same bait as: “peace” was used by the 1945 conspirators to force the United Nations on us, Weishaupt financed, I repeat, by the Rothschilds, recruited some 2,000 paid followers. These included the most intelligent men in the field of arts and letters, education, the sciences, finance, and industry. He then established Lodges of the Grand Orient; Masonic Lodges to be their secret headquarters and I again repeat, that in all of this he was acting under orders from the House of Rothschild. The main features of the Weishaupt plan of operation required his Illuminati to do the following things to help them to accomplish their purpose: Use monetary and sex bribery to obtain control of men already in high places in the various of levels of all governments and other fields of endeavor. Once influential persons had fallen for the lies, deceits, and temptations of the Illuminati they were to be held in bondage by application of political and other forms of blackmail, threats of financial ruin, public exposure, and fiscal harm, even death to themselves and loved members of their families. Do you realize how many present top officials in our present government in Washington are controlled in just that way by the CFR? Do you realize how many homosexuals in our State Department, the Pentagon, all federal agencies, even in the White House are controlled that way? Illuminati and the faculties of colleges and universities were to cultivate students possessing exceptional mental ability belonging to well-bred families with international leanings and recommend them for special training in internationalism. Such training was to be provided by granting scholarships to those selected by the Illuminatists. That gives you an idea what a “Rhodes scholarship” means. It means indoctrination into accepting the idea that only a one-world government can put an end to recurring wars and strife. That’s how the United Nations was sold to the American people. One of the most notable Rhodes scholars we have in our country is Senator William J. Fulbright, sometimes referred to as half-bright. His entire voting record spells Illuminati. All such scholars were to be first persuaded and then convinced that men of special talent and brains have the right to rule those less gifted on the ground that the masses don’t know what is best for them fiscally, mentally, and spiritually. In addition to the Rhodes and similar scholarships, today there are three special Illuminati schools located in Gordonstown in Scotland, Salem in Germany, and Annavrighta in Greece. These three are known ones, but there are others that are kept undercover. Prince Philip, the husband of Britain’s Queen Elizabeth, was educated at Gordonstown at the instigation of Lord Louis Mountbatten, his uncle, a Rothschild relative, who became Britain’s Admiral of the Fleet after World War II ended. All influential people trapped into coming under the control of the Illuminati, plus the students who had been specially educated and trained, were to be used as agents and placed behind the scenes of all governments as experts and specialists so they would advise the top executives to adopt policies which would in the long run serve the secret plans of the Illuminati one-world conspiracy and bring about the destruction of the governments and religions they were elected or appointed to serve. Do you know how many such men operate in our government at this very time? Dean Rusk, Robert McNamara, Hubert Humphrey, Fulbright, Keekle, and goes on and on and on. Perhaps the most vital directive in Weishaupt’s plan was to obtain absolute control of the press, at that time the only mass communications media, to distribute information to the public so that all news and information could be slanted so that the masses could be convinced that a one-world government is the only solution to our many and varied problems. Do you know who owns and controls our mass communications media? I’ll tell you. Practically all the movie lots in Hollywood is owned by the Lehmans; Kuhn, Loeb, and Company; Goldman-Sachs; and other internationalist bankers. All the national radio and TV channels in the nation are owned and controlled by those same internationalists bankers. The same is true of every chain of metropolitan newspapers and magazines, also of the press wire services, such as Associated Press, United Press International, etc.. The supposed heads of all those media are merely the fronts for the internationalist bankers, who in turn compose the hierarchy of the CFR, today’s Illuminati in America. Now can you understand why the Pentagon Press agent, Sylvester, so brazenly proclaimed that the government has the right to lie to the people. What he really meant was that our CFR controlled government had the power to lie to and be believed by the brain-washed American people. Let us again go back to the first days of the Illuminati. Because Britain and France were the two greatest world powers in the late years of the 18th Century; Weishaupt ordered the Illuminati to foment the colonial wars, including our Revolutionary War, to weaken the British Empire and organize the French Revolution to start in 1789. However; in 1784, a true act of God placed the Bavarian government in possession of evidence which proved the existence of the Illuminati and that evidence could have saved France if they, the French government, hadn’t refused to believe it. Here is how that act of God happened. It was in 1784 that Weishaupt issued his orders for the French Revolution. A German writer, named Zweig, put it into book form. It contained the entire Illuminati story and Weishaupt’s plans. A copy of this book was sent to the Illuminists in France headed by Robespierre whom Weishaupt had delegated to foment the French Revolution. The courier was struck and killed by lightening as he rode through Rawleston on his way from Frankfurt to Paris. The police found the subversive documents on his body and turned them over to the proper authorities. After a careful study of the plot; the Bavarian government ordered the police to raid Weishaupt’s newly organized Lodges of the “Grand Orient” and the homes of his most influential associates. All additional evidence thus discovered convinced the authorities that the documents were genuine copies of the conspiracy by which the Illuminati planned to use wars and revolutions to bring about the establishment of a one-world government; the powers of which they, headed by the Rothschilds, intended to usurp as soon as it was established, exactly in line with the United Nations’ plot of today. In 1785, the Bavarian government outlawed the Illuminati and closed the Lodges of the “Grand Orient.” In 1786; they published all the details of the conspiracy. The English title of that publication is: “The Original Writings of the Order and the Sect of the Illuminati.” Copies of the entire conspiracy were sent to all the heads of church and state in Europe. But the power of the Illuminati, which was actually the power of the Rothschilds, was so great that this warning was ignored. Nevertheless; the Illuminati became a dirty word and it went underground. At the same time, Weishaupt ordered Illuminists to infiltrate into the Lodges of “Blue Masonry” and formed their own secret societies within all secret societies. Only Masons who proved themselves internationalists and those whose conduct proved they had defected from God were initiated into the Illuminati. Thenceforth; the conspirators donned the cloak of philanthropy and humanitarianism to conceal their revolutionary and subversive activities. In order to infiltrate into Masonic Lodges in Britain; Weishaupt invited John Robison over to Europe. Robison was a high degree Mason in the “Scottish Rite.” He was a professor of natural philosophy at Edinburgh University and Secretary of the Royal Society of Edinburgh. Robison did not fall for the lie that the objective of the Illuminati was to create a benevolent dictatorship; but he kept his reactions to himself so well that he was entrusted with a copy of Weishaupt’s revised conspiracy for study and safekeeping. Anyway; because the heads of state and church in France were deluded into ignoring the warnings given them; the revolution broke out in 1789 as scheduled by Weishaupt. In order to alert other governments to their danger, in 1798, Robison published a book entitled: “Proof of a Conspiracy to Destroy all Governments and Religions” but his warnings were ignored exactly as our American people have been ignoring all warnings about the United Nations and the Council on Foreign Relations (CFR). Now here is something that will stun and very likely outrage many who hear this; but there is documentary proof that our own Thomas Jefferson and Alexander Hamilton became students of Weishaupt. Jefferson was one of Weishaupt’s strongest defenders when he was outlawed by his government and it was Jefferson who infiltrated the Illuminati into the then newly organized lodges of the “Scottish Rite” in New England. Here is the proof. In 1789; John Robison warned all Masonic leaders in America that the Illuminati had infiltrated into their lodges and on July 19, 1789; David Papen, President of Harvard University, issued the same warning to the graduating class and lectured them on how the influence of Illuminism was acquitting on American politics and religion, and to top it off; John Quincy Adams, who had organized the New England Masonic Lodges, issued his warnings. Adams wrote three letters to Colonel William L. Stone, a top Mason, in which he exposed how Jefferson was using Masonic lodges for subversive Illuministic purposes. Those three letters are at this very time in Whittenburg Square Library in Philadelphia. In short; Jefferson, founder of the Democratic Party, was a member of the Illuminati which at least partly accounts for the condition of the party at this time and through infiltration of the Republican Party; we have exactly nothing of loyal Americanism today. That disastrous rebuff at the Congress of Vienna created by the Czar of Russia, Alexander I, did not by any means destroy the Illuminati conspiracy. It merely forced them to adopt a new strategy realizing that the one-world idea was, for the moment, killed. The Rothschild’s decided that to keep the plot alive they would have to do it by heightening their control of the money system of the European nations. Earlier; by a ruse the outcome of the Battle of Waterloo had been falsified, Rothschild had spread a story that Napoleon had one bad battle which precipitated a terrific panic on the stock market in England. All stocks had plummeted down to practically zero and Nathan Rothschild bought all the stocks for virtually a penny on its dollar values. That gave him complete control of the economy of Britain and virtually of all Europe. So immediately after that Congress in Vienna had boomeranged; Rothschild had forced Britain to set up a new “Bank of England” which he had absolute control exactly, as later through Jacob Schiff; he engineered our own “Federal Reserve Act” which gave the House of Rothschild a secret control of the economy in the United States. But now for a moment; let’s dwell on the activities of the Illuminati in the United States. In 1826; one Captain William Morgan decided it was his duty to inform all Masons and the general public what the full proof was regarding the Illuminati, their secret plans, intended objectives, and to reveal the identities of the masterminds of the conspiracy. The Illuminati promptly tried Morgan in absentia and convicted him of treason. They ordered one Richard Howard, an English Illuminist, to carry out their sentence of execution as a traitor. Morgan was warned and he tried to escape to Canada, but Howard caught up with him near the border; near the Niagara Gorge to be exact, where he murdered him. This was verified in a sworn statement made in New York by one Avery Allen to the effect that he heard Howard render his report of the execution to a meeting of “Knights Templers” in St. John’s Hall in New York. He also told how arrangements had been made to ship Howard back to England. That Allen affidavit is on record in New York City Archives. Very few Masons and very few of the general public know that general disapproval over that incident of murder caused approximately half of all the Masons in the northern jurisdiction of the United States to secede. Copies of the minutes of the meeting held to discuss that matter are still in existence in safe hands and that all that secrecy emphasizes the power of the masterminds of the Illuminati to prevent such terrible events of history from being taught in our schools. In the early 1850’s; the Illuminati held a secret meeting in New York which was addressed by a British Illuminist named Wright. Those in attendance were told that the Illuminati was organizing to unite the Nihilist and Atheist groups with all other subversive groups into an international group to be known as Communists. That was when the word: “communist” first came into being and it was intended to be the supreme weapon and scare word to terrify the whole world and drive the terrorized peoples into the Illuminati one-world scheme. This scheme: “communism,” was to be used to enable the Illuminati to foment future wars and revolutions. Clinton Roosevelt, a direct ancestor of Franklin Roosevelt; Horace Greeley; and Charles Dana; foremost newspaper publishers of that time were appointed to head a committee to raise funds for the new venture. Of course, most of the funds were provided by the Rothschilds and this fund was used to finance Karl Marx and Engels when they wrote “Das Kaptial” and the “Communist Manifesto” in Soho, England. And this clearly reveals that communism is not a so-called ideology, but a secret weapon; a bogy man word to serve the purpose of the Illuminati. Weishaupt died in 1830; but prior to his death, he prepared a revised version of the age-old conspiracy, the Illuminati, which under various aliases was to organize, finance, direct, and control all international organizations and groups by working their agents into executive positions at the top. In the United States we have Woodrow Wilson, Franklin Roosevelt, Jack Kennedy, Lyndon Johnson, Dean Rusk, Robert McNamara, William Fulbright, George Bush etc., as prime examples. In addition, while Karl Marx was writing the “Communist Manifesto” under the director of one group of Illuminists, Professor Karl Ritter of Frankfurt University was writing the antithesis under the direction of another group. The idea was that those who direct the overall conspiracy could use the differences in those two so-called ideologies to enable them to divide larger and larger members of the human race into opposing camps so that they could be armed and then brainwashed into fighting and destroying each other. And particularly, to destroy all political and religious institutions. The work Ritter started was continued after his death and completed by the German so-called philosopher Freidrich Wilhelm Nietzache who founded Nietzscheanism. This Nietzecheanism was later developed into Fascism and then into Nazism and was used to foment World War I and II. In 1834; the Italian revolutionary leader, Guiseppe Mazzini, was selected by the Illuminati to direct their revolutionary program throughout the world. He served in that capacity until he died in 1872, but some years before he died; Mazzini had enticed an American General named Albert Pike into the Illuminati. Pike was fascinated by the idea of a one-world government and ultimately he became the head of this luciferian conspiracy. Between 1859 and 1871 he, Pike, worked out a military blueprint for three world wars and various revolutions throughout the world which he considered would forward the conspiracy to its final stage in the 20th century. Again I remind you that these conspirators were never concerned with immediate success. They also operated on a long-range view. Pike did most of his work in his home in Little Rock, Arkansas. But a few years later; when the Illuminati’s Lodges of the Grand Orient became suspect and repudiated because of Mazzini’s revolutionary activities in Europe, Pike organized what he called the New and Reformed Palladian Right. He set up three Supreme Councils; one in Charleston, South Carolina, one in Rome, Italy, and a third in Berlin, Germany. He had Mazzini establish 23 subordinate councils in strategic locations throughout the world. These have been the secret headquarters of the world revolutionary movement ever since. Long before Marconi invented the radio; the scientists in the Illuminati had found the means for Pike and the heads of his councils to communicate secretly. It was the discovery of that secret that enabled intelligence officers to understand how apparently unrelated incidents, such as the assassination of an Austrian Prince [Arch Duke Ferdinand I ] at Serbia, took place simultaneously throughout the world which developed into a war or a revolution. Pike’s plan was as simple as it has proved effective. It called for Communism, Nazism, political Zionism, and other international movements to be organized and used to foment three global world wars and at least two major revolutions. The First World War was to be fought so as to enable the Illuminati to destroy Czarism in Russia, as vowed by Rothschild after the Czar had torpedoed his scheme at the Congress in Vienna, and to transform Russia into a stronghold of atheistic communism. The differences stirred up by agents of the Illuminati between the British and German Empires were to be used to foment this war. After the war would be ended; communism was to be built up and used to destroy other governments and weaken religions. World War II, when and if necessary, was to be fomented by using the controversies between Fascists and political zionists, and here let it be noted that Hitler was financed by Krupp, the Warburgs, the Rothschilds, and other internationalist bankers and that the slaughter of the supposed 600,000 Jews by Hitler didn’t bother the Jewish internationalist bankers at all. That slaughter was necessary in order to create worldwide hatred of the German people and thus bring about war against them. In short; this second world war was to be fought to destroy nazism and increase the power of political zionism so that the state of Israel could be established in Palestine. During this World War II; international communism was to be built up until it equalled in strength to that of the united Christendom. When it reached that point; it was to be contained and kept in check until required for the final social cataclysm. As we know now; Roosevelt, Churchill, and Stalin put that exact policy into effect and Truman, Eisenhower, Kennedy, Johnson, and George Bush continued that same exact policy. World War III is to be fomented by using the so-called controversies, the agents of the Illuminati operating under whatever new name, as are now being stored up between the political Zionists and the leaders of the Moslem world. That war is to be directed in such a manner that all of Islam and political Zionism (Israel) will destroy each other while at the same time; the remaining nations once more divided on this issue will be forced to fight themselves into a state of complete exhaustion; physically, mentally, spiritually, and economically. Now, can any thinking person doubt that the intrigue now going on in the near Middle and far East is designed to accomplish that satanic objective? Albert Pike himself foretold all this in a statement he made to Mazzini on August 15, 1871. Pike stated that after World War III is ended; those who will aspire to undisputed world domination will provoke the greatest social cataclysm the world has ever known. Quoting his own words taken from the letter he wrote to Mazzini and which letter is now catalogued in the British Museum in London, England; he said: “We shall unleash the nihilists and the atheists and we shall provoke a great social cataclysm which in all its horror will show clearly to all nations the effect of absolute atheism; the origins of savagery and of most bloody turmoil. Then everywhere, the people will be forced to defend themselves against the world minority of the world revolutionaries and will exterminate those destroyers of civilization and the multitudes disillusioned with Christianity whose spirits will be from that moment without direction and leadership and anxious for an ideal, but without knowledge where to send its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer brought finally out into public view. A manifestation which will result from a general reactionary movement which will follow the destruction of Christianity and Atheism; both ! conquered and exterminated at the same time.” When Mazzini died in 1872; Pike made another revolutionary leader named Adrian Lemmy; his successor. Lemmy, in turn, was succeeded by Lenin and Trotsky, then by Stalin. The revolutionary activities of all those men were financed by British, French, German, and American international bankers; all of them dominated by the House of Rothschilds. We are supposed to believe that the international bankers of today, like the money changers of Christ’s day, are only the tools or agents of the great conspiracy, but actually they are the masterminds behind all the mass communications media leading us into believing that communism is a movement of the so-called workers; the actual fact is that both British and American intelligence officers have authentic documentary evidence that international liberals, operating through their international banking houses; particularly the House of Rothschilds, have financed both sides of every war and revolution since 1776. Those who today comprise the conspiracy (the CFR in the United States); direct our governments whom they hold in usury through such methods as the Federal Reserve System in America to fight wars, such as Vietnam (created by the United Nations), so as to further Pike’s Illuminati plans to bring the world to that stage of the conspiracy when atheistic communism and the whole of Christianity can be forced into an all out third world war within each remaining nation as well as on an international basis scale. The headquarters of the great conspiracy in the late 1700’s was in Frankfurt, Germany where the House of Rothschild had been established by Mayar (or Mayer) Amschel who adopted the Rothschild name and linked together other international financiers who had literally sold their souls to the devil. After the Bavarian government’s exposure in 1786; the conspirators moved their headquarters to Switzerland then to London. Since World War II (after Jacob Schiff, the Rothschild’s boy in America died); the headquarters of the American branch has been in the Harold Pratt Building in New York City and the Rockefellers, originally proteges of Schiff, have taken over the manipulation of finances in America for the Illuminati. In the final phases of the conspiracy; the one-world government will consist of the king-dictator; the head of the United Nations, the CFR, and a few billionaires, economists, and scientists who have proved their devotion to the great conspiracy. All others are to be integrated into a vast conglomeration of mongrolized humanity; actually slaves. Now let me show you how our federal government and the American people have been sucked into the one-world take over plot of the Illuminati great conspiracy and always bear in mind, that the United Nations was created to become the housing for that one-world, so-called, liberal conspiracy. The real foundations of the plot of the takeover of the United States were laid during the period of our Civil War. Not that Weishaupt and the earlier masterminds had ever overlooked the new world, as I have previously indicated; Weishaupt had his agents planted over here as far back as the Revolutionary War, but George Washington was more than a match for them. Part 2 It was during the Civil War that the conspirators launched their first concrete efforts. We know that Judah Benjamin, chief advisor of Jefferson Davis, was a Rothschild agent. We also know that there were Rothschild agents planted in Abraham Lincoln’s cabinet who tried to sell him into a financial dealing with the House of Rothschild. But old Abe saw through the scheme and bluntly rejected it thereby incurring the undying enmity of the Rothschilds; exactly as the Russian Czar did when he torpedoed their first League of Nations at the Congress in Vienna. Investigation of the assassination of Lincoln revealed that the assassin John Wilkes Booth was a member of a secret conspiratorial group . Because there were a number of highly important government officials involved; the name of the group was never revealed and it became a mystery; exactly as the assassination of Jack Kennedy is still a mystery. But I am sure it will not remain a mystery for long. Anyway; the ending of the Civil War destroyed temporarily all chances of the House of Rothschilds to get a clutch on our money system; such as they had acquired in Britain and other nations in Europe. I say temporarily because the Rothschilds and the masterminds of the conspiracy never quit so they had to start from scratch; but they lost no time in getting started. Jacob H. Schiff Shortly after the Civil War; a young immigrant, who called himself Jacob H. Schiff, arrived in New York. Jacob was a young man with a mission for the House of Rothschild. Jacob was the son of a Rabbi who was born in one of the Rothschild’s houses in Frankfurt, Germany. I will not go deeply into his background. The important point was that Rothschild recognized in him not only a potential money wizard; but more important, he also saw the latent Machiavellian qualities in Jacob that could, as it did, make him an invaluable functionary in the great one-world conspiracy. After a comparatively brief training period in the Rothschild’s London Bank; Jacob left for America with instructions to buy into a banking house which was to be the springboard to acquire control of the money system of the United States. Actually; Jacob came here to carry out four specific assignments. 1. The most important, was to acquire control of America’s money system.2. Find desirable men, who for a price, would be willing to serve as stooges for the great conspiracy and promote them into high places in our federal government, our Congress, and the U.S. Supreme Court, and all federal agencies.3. Create minority group strife throughout the nations; particularly between the whites and blacks.4. Create a movement to destroy religion in the United States; but Christianity to be the chief target. Earlier I stated that Jacob Schiff came to America with orders by Rothschild to carry out four specific directives. The first and most important one was to get control of the United States’ money system. Let’s trace Schiff’s step to accomplish that directive. As a first step he had to buy into a banking house; but it had to be the kind of a house that he could absolutely control and mold for that primary objective of entrapping our U.S. money system. After carefully scouting around; Jacob bought a partnership in a firm that called itself: Kuhn and Loeb. Like Schiff; Kuhn and Loeb were immigrants from German Jewish ghettos. They came to the U.S. in the mid 1840’s and both of them started their business careers as itinerant pack peddlers. In the early 1850’s; they pooled their interests and set up a merchandise store in Lafayette, Indiana under the firm name of Kuhn and Loeb servicing the covered wagon settlers on their way west. In the years that followed; they set up similar stores in Cincinnati and St. Louis. Then they added pawn broking to their merchandising pursuits. From that to money lending was a short and quick step. By the time Schiff arrived on the scene; Kuhn and Loeb was a well-known private banking firm and this is the firm Jacob bought into. Shortly after he became a partner in Kuhn and Loeb; Schiff married Loeb’s daughter, Teresa, then he bought out Kuhn’s interests and moved the firm to New York and Kuhn and Loeb became Kuhn, Loeb, and Company; international bankers with Jacob Schiff, agent of the Rothschilds, ostensibly the sole owner. And throughout his career; this blend of Judas and Machiavelli, the first heirarch of the Illuminati’s great conspiracy in America, posed as a generous philanthropist and a man of great holiness; the cover-up policy set forth by the Illuminati. As I have stated; the first great step of the conspiracy was to be the entrapment of our money system. To achieve that objective; Schiff had to get full cooperation of the then big banker elements in America; and that was easier said than done. Even in those years; Wall Street was the heart of the American money mart and J.P. Morgan was its dictator. Next in line were the Drexels and the Biddles of Philadelphia. All the other financiers, big and little, danced to the music of those three houses; but particularly to that of Morgan. All of those three were proud, haughty, arrogant potentates. For the first few years; they viewed the little bewhiskered man from the German ghettos with utter contempt; but Jacob knew how to overcome that. He threw a few Rothschild bones to them. Said bones being distribution in America of desirable European stock and bond issues. Then he discovered that he had a still more potent weapon in his hands in the following. It was in the decades following our Civil War that our industries began to burgeon. We had great railroads to build. The oil, mining, steel, textile industries were bursting out of their swaddling clothes. All of that called for vast financing; much of that financing had to come from abroad. That meant the House of Rothschild and that was when Schiff came into his own. He played a very crafty game. He became the patron saint of John D. Rockefeller, Edward R. Harriman, and Andrew Carnegie. He financed the Standard Oil Company for Rocky, the Railroad Empire for Harriman, and the Steel Empire for Carnegie. But instead of hogging all the other industries for Kuhn, Loeb, and Company, he opened the doors of the House of Rothschild to Morgan, Biddle, and Drexel. In turn; Rothschild arranged the setting up of London, Paris, European and other branches for those three; but always in partnerships with Rothschild subordinates and Rothschild made it very clear to all those men that Schiff was to be the boss in New York. Thus at the turn of the century Schiff had a tight control of the entire banking fraternity on Wall Street which by then, with Schiff’s help, included Lehman brothers, Goldman-Sachs, and other internationalist banks that where headed by men chosen by the Rothschilds. In short; that meant control of the nation’s money powers and he was then ready for the giant step – the entrapment of our national money system. Now under our Constitution; all control of our money system is vested solely in our Congress. Schiff’s next important step was to seduce our Congress to betray that Constitutional edict by surrendering that control to the hierarchy of the Illuminati’s great conspiracy. In order to legalize that surrender and thus make the people powerless to resist it, it would be necessary to have Congress enact special legislation. To accomplish that; Schiff would have to infiltrate stooges into both houses of Congress. Stooges powerful enough to railroad Congress into passing such legislation. Equally or even more important; he would have to plant a stooge in the White House a president that is without integrity and without scruples who would sign that legislation into law. To accomplish that he had to get control of either the Republican or the Democratic Party. The Democratic Party was the more vulnerable; it was the hungrier of the two parties. Except for Grover Cleveland; the Democrats had been unable to land one of their men in the White House since before the Civil War. There were two reasons for that: 1. Poverty of the Party. There were considerably more Republican-minded voters than Democrats. The poverty matter was not a great problem, but the voter problem was a different story. But as I previously said; Schiff was a smart cookie. Here is the atrocious and murderous method he employed to solve that voter problem. His solution emphasizes how very little the Jewish internationalist bankers care about their own racial brethren as you shall see. Suddenly; around 1890, there broke out a nationwide series of pogroms in Russia. Many, many, thousands of innocent Jews; men, women, and children were slaughtered by the Cossacks and other peasants. Similar pogroms with similar slaughter of innocent Jews broke out in Poland, Rumania, and Bulgaria. All those pogroms were fomented by Rothschild agents. As a result; the Jewish terrified refugees from all of those nations swarmed into the United States and that continued throughout the next two or three decades because the pogroms were continuous through all those years. All those refugees were aided by self-styled humanitarian committees set up by Schiff, the Rothschilds, and all the Rothschild affiliates. In the main; the refugees streamed into New York, but the Schiff-Rothschild humanitarian committees found ways to shuffle many of them into other large cities such as Chicago, Boston, Philadelphia, Detroit, Los Angeles, etc.. All of them were quickly transformed into “naturalized citizens” and educated to register as Democrats. Thus all of that so-called minority group became solid Democratic voter blocks in their communities all controlled and maneuvered by their so-called benefactors. And shortly after the turn of the century; they became vital factors in the political life of our nation. That was one of the methods Schiff employed to plant men like Nelson Aldrich in our Senate and Woodrow Wilson in the White House. 2. Racial Strife. At this point let me remind you of another one of the important jobs that was assigned to Schiff when he was dispatched to America. I refer to the job of destroying the unity of the American people by creating minority group and racial strife. By the pogrom-driven Jewish refugees into America; Schiff was creating a ready-made minority group for that purpose. But the Jewish people, as a whole, made fearful by the pogroms, could not be depended upon to create the violence necessary to destroy the unity of American people. But right within America; there was an already made-to-order, although as yet, a sleeping minority group, the Negroes, who could be sparked into so-called demonstrations, rioting, looting, murder, and every other type of lawlessness – all that was necessary, was to incite and arouse them. Together; those two minority groups, properly maneuvered, could be used to create exactly the King of Strife in America the Illuminati would need to accomplish their objective. Thus at the same time that Schiff and co-conspirators were laying their plans for the entrapment of our money system; they were also perfecting plans to hit the unsuspecting American people with an explosive and terrifying racial upheaval that would tear the people into hate fractions and create chaos throughout the nation; especially on all college and university campuses; all protected by Earl Warren decisions and our so-called leaders in Washington D.C. (Remember the Warren commission on the assassination of President John F. Kennedy). Of course, perfecting those plans require time and infinitely patient organizing. Jack Kennedy, during his term of office as the President of the United States, became a Christian. In his attempt to repent, he tried to inform the people of this Nation (at least twice) that the Office of the President of the United States was being manipulated by the Illuminati/CFR. At the same time, he put a stop to the ‘borrowing’ of Federal Reserve Notes from the Federal Reserve Bank and began issuing United States Notes (which was interest free) on the credit of the United States. It was the issuing of the United States Notes that caused Jack Kennedy to be assassinated. Upon the taking the Oath of Office; Lyndon B. Johnson stopped the issuing of the United States Notes and went back to borrowing Federal Reserve Bank Notes (which was loaned to the people of the United States at the going rate of interest of 17%). The US Notes, that was issued under John F. Kennedy, was of the 1963 series which beared a “Red” seal on the face of the Note. Now to remove all doubts; I’ll take a few moments to give you the documentary proof of this racial strife plot. First of all they had to create the leadership and organizations to draw in millions of dupes, both Jewish and Negroes, who would do the demonstrating and commit the rioting, looting, and lawlessness. So in 1909; Schiff, the Lehmans, and other conspirators, organized and set up the National Association for the Advancement of the Colored People known as the “NAACP.” The presidents, directors, and legal councils of the NAACP were always “white men Jews” appointed by Schiff and this is the case to this very day. Then in 1913; the Schiff group organized the Anti-defamation League of the B’nai B’rith commonly known as the “ADL” to serve as the gestapo and hatchet man outfit for the entire great conspiracy. Today the sinister ADL maintains over 2,000 agencies in all parts of our country and they advise and completely control every action of the NAACP or of the Urban League of all the other so-called Negro civil rights organizations throughout the nation including such leaders as Martin Luther King, Stockely Carmichael, Barnard Rustin, and others of the ilk. Part 3 By 1917 the conspirators had achieved their primary objective; all of Europe was in a state of destitution. All the peoples were war weary and crying for peace and the outcome too was all set. It was to come as soon as the United States would be hurled on the side of the Allies and that was all set to happen immediately after Wilson’s re-election. After that, there could be only one outcome; complete victory for the Allies. To fully confirm my statement that long before 1917; the conspiracy, headed in America by Jacob Schiff, had it all set to hurl the United States into that war. I will cite the proof. When Wilson was campaigning for re-election in 1916; his chief appeal was: “re-elect the man who will keep your sons out of the war.” But during that same campaign; the Republican Party publicly charged that Wilson had long committed himself to throw us into the war. They charged that if he would be defeated he would accomplish that act during his few remaining months in office; but if re-elected, he would hold off until after the election. But at that time the American people looked upon Wilson as a “God-man.” Well; Wilson was re-elected and as per the schedule of the conspirators; he hurled us into the war in 1917. He used the sinking of the Lusitania as an excuse; a sinking which also was prearranged. Roosevelt, also a God-man in the eyes of the American people, followed the same technique in 1941 when he used the prearranged Pearl Harbor attack as his excuse for hurling us into World War II. Now exactly as the conspirators planned; victory for the Allies would eliminate all the Monarchs of the defeated Nations and leave all their people leaderless, confused, bewildered and perfectly conditioned for the one-world government. The great conspiracy intended would follow; but there still would be an obstacle; the same obstacle that had balked the Illuminati and Rothschild at that Congress in Vienna (peace gathering) after the Napoleonic Wars. Russia would be on the winning side this time as it was in 1814 and therefore the Czar would be securely seated on his throne. Here it is pertinent to note that Russia, under the Czarist regime, had been the one country in which the Illuminati had never made any headway nor had the Rothschilds ever been able to infiltrate in their banking interests thus a winning Czar would be more difficult than ever to cope with. Even if he could be enticed into a so-called “League of Nations;” it was a foregone conclusion that he would never, but never, go for a one-world government. So even before the outbreak of World War I, the conspirators had a plan in the making to carry out Nathan Rothschild’s vow of 1814 to destroy the Czar and also murder all possible royal heirs to the throne and it would have to be done before the close of the war. The Russian Bolsheviks were to be their instruments in this particular plot. From the turn of the century; the chiefs of the Bolsheviks were Nicolai Lenin, Leon Trotsky, and later Joseph Stalin. Of course, those were not their true family names. Prior to the outbreak; Switzerland became their haven. Trotsky’s headquarters was on the lower East Side in New York; largely the habitat of Russian-Jewish refugees. Both Lenin and Trotsky were similarly bewhiskered and unkempt. In those days, that was the badge of Bolshevism. Both lived well yet neither had a regular occupation. Neither had any visible means of support, yet both always had plenty of money. All those mysteries were solved in 1917. Right from the outset of the war; strange and mysterious goings on were taking place in New York. Night after night; Trotsky darted furtively in and out of Jacob Schiff’s palace mansion and in the dead of those same nights there were a gathering of hoodlums of New York’s lower East Side. All of them Russian refugees at Trotsky’s headquarters and all were going through some mysterious sort of training process that was all shrouded in mystery. Nobody talked; although it did leak out that Schiff was financing all of Trotsky’s activities. Then suddenly Trotsky vanished and so did approximately 300 of his trained hoodlums. Actually they were on the high seas in a Schiff-chartered ship bound for a rendezvous with Lenin and his gang in Switzerland. And also on that ship was $20,000,000 in gold; the $20,000,000 was provided to finance the Bolsheviks takeover of Russia. In anticipation of Trotsky’s arrival; Lenin prepared to throw a party in his Switzerland hideaway. Men of the very highest places in the world were to be guests at that party. Among them were the mysterious Colonel Edward Mandell House, Woodrow Wilson’s mentor and palsy-walsy, and more important; Schiff’s special and confidential messenger. Another of the expected guests was Warburg of the Warburg Banking Clan in Germany who was financing the Kaiser and whom the Kaiser had rewarded by making him chief of the Secret Police of Germany. In addition; t
A magical nonstop mix of total classic music! No cuts just non stop old school classics.
Something to keep pushing through this wonderful summer of 2016! I hope you enjoy!
For me Alternative Finance is the most exciting sector in Fintech by far in terms of near term impact as competition for the “Old FS” and as choice for both borrowers and lenders. In this episode I am delighted to be joined by Christian Faes CEO of Lendinvest. In the world of Fintech froth that has been 2014 Lendinvest and Christian are the real deal. In this episode we “kick the tyres” of P2P and have an organic conversation exploring some key angles in the sector right now. There is plenty of “linear” content out there (eg this concise YouTube explaining Lendinvest), and conference panel discussions (eg this LendIt one with Christian on the panel) – and they are all great. However as usual on the podcast I aim more for the kind of conversation that one might have with the insiders in the bar after the formal conference. This is also a special episode in being rather longer than normal – there is so much to be discussed as the sector is very active right now and the future is busy taking place with lots of seismic shifts happening beneath our feet. We discuss a whole variety of topics as we kick the four tyres around the car – Lendinvest; penetrating the subsector’s opaque/confusing terminology; understanding the risks; and the future of the industry. In editing the podcast (which means I listen to it many times) I progressed my own thoughts on how I see the risk in P2P and how to describe it simply. So for the avoidance of doubt I put the risk thoughts in a “Postscript” section down below to make it obvious that these are my afterthoughts and language (Christian’s comments are in the podcast). However I think that the terminology will be helpful in listening to the podcast so it’s not an “unrelated” mini essay Lendinvest In the AltFi awards Lendinvest was ranked as the best UK fintech-real estate platform (which has done over £166m of deals to date). Recently I heard a leading Fintech analyst describe them as the best dark horse bet for London’s first major fintech IPO. They have grown organically from being a “non-digital” real estate lending business to the world’s largest real estate platform. And all of this without raising any VC money. Since 2008 they have returned (in one incarnation or another – more on that in the show) over 6% to investors via secured short-term bridging loans (1mt-1yr) with LTV’s (loan-to-value ratios) of around 60% and no capital losses. More recently they have added a 1-3yr buy-to-let mortgage product. Lendinvest also have a (relatively?) unique twist to their business model in that their (financially separate) fund management company Montello pre-funds/underwrites the deals they list on their platform. In other words they put their money where their mouth is – if no investor buys that asset Lendinvest’s sister company is left holding it “themselves”. For the borrower this means there is no uncertainty as to whether a loan will be funded (whereas on a typical platform they have to wait to see if it gets funded). For the lender its a whole extra dimension of confidence above and beyond “we rate this X” – rather it’s “our sister company has already bought this asset – that’s how much confidence we have in it”. A recent bank line application led to the bank’s Head of Credit saying that Lendinvest’s credit quality procedures (that the bank audited) were better than the bank’s Towards the end Christian explains more about, not just Lendinvest’s history, but also their direction going forwards – in particular their investment in tech to improve deal origination, credit and the time it takes to offer a buy-to-let mortgage (currently around two weeks, hoping to move it to a matter of days (which is of course tremendous compared to the banks processing time)) Opaque Terminology Shakespeare may have been right about the fragrance of roses for more abstract matters naming is everything – the words we use condition our thinking – a point marketers spend years studying in degree courses. If I said to you “do you want to lend money to dozens of folks you have never met so they can splash out on a new car, have a fancy wedding, get a house extension etc, and you will have no security?”, you might think one thing. If I said to you “do you want a team, who are incredibly motivated to make a success out of your investment, and who have got a brilliant credit track record over a decade, including one of the worst recessions ever, to invest your money in consumer finance and get you a return ten times what you get from a bank?”, you might think another. So words are important. What else do we speak and write with? In LFP010 “The 3,000 feet overview of Alternative Finance”, Rupert Taylor mentioned how he dislikes jargon which serves only to (1) form a barrier between insiders and outsiders and (2) a block to understanding. He also mentioned that there is no commonly agreed definitions in the sector (I am sure I saw the FSA include P2P within crowdfunding recently (?!)). Language also (3) leads to groupthink (which is a factor in many FS risk disasters in the past decades/centuries). Peer-to-peer is originally a tech phrase which describe a de-centralised network (in contrast with client-server architecture all “peers” are both “clients” and “servers”). Napster was really peer-to-peer in this sense. If you look up “P2P” on Wikipedia right now it doesn’t have any reference to Alternative Finance! [Note to P2PFA edit that wiki page?! :-)] As if to make matters worse, following on from using phrases like peer-to-peer, the sector is now taking up the (very tech, very VC) term of “marketplace lending”. This is in large part a “valuation play” – “marketplaces” are more highly rated and there are billion dollar IPOs coming in the US .. so the #OldFS hype machine is busy. Now once again I don’t feel that this is a widely comprehensible term, nor do I feel it’s accurate – eBay is a marketplace – which to me means that plenty of folks can come and sell their stuff and plenty of folks can come and buy. We discuss this term – Christian is a fan and I am not. You can form your own opinion Another term we don’t discuss (but it came to me many times when I was when editing the audio) is “exchange” [and coincidentally today I heard Ron Suber President of Prosper describe themselves as “an online exchange for consumer credit” which I thought clear, simple and with the right implications (after all compare and contrast two exchanges – the London Stock Exchange and AIM – it’s clear which is a more reliable market)]. Most importantly I don’t think any single term can cover the disparate models in P2P right now (see below in the Risk comments). For investors my advice is both to dig below any label and not to read too much into any label. “Alternative Finance/Online-lending&borrowing” is something that (a) never existed before (hence no vocabulary to fit it) and (b) is evolving over time (hence a label that worked last year might not next). THE FUTURE – Where the P2P Industry is Heading The US model is much more institutional and “marketplacey” – hedge funds for example being well able to make their own credit decisions (assuming they can “see through” to the asset). The UK has to date been much more of a “savings substitute” design (lower yielding, minimal losses on the top platforms). In the US the market has been heavily regulated (enabling a few platforms to grow very large and their owners very wealthy (sound familiar?)). Lending Club alone is forecast to do perhaps $10bn of business next year – more than the entire UK P2P industry put together. In the UK regulation has been light touch, it’s easy to enter (maybe even “from your bedroom”). Both the government and the London Mayor’s office have been a major part of the 2014 promotion/hype – talking of vocab … take your pick – of Fintech as a whole. The government has been a heavy supporter not just in terms of considering including P2P assets as viable ISA investments but also in terms of investing tax payers money in deals via some platforms. In the UK there are a lot of players ~150 in the P2P Finance Association – even Christian who is full-time in this sector and attends many conferences doesn’t know many of them. A “Goldilocks” growth curve is very important – not too hot, not too cold. P2P is still a tiny portion of the market (eg the UK mortgage market is £1.6trn) and therefore unlikely to be constrained in terms of quality asset acquisition in the near term. So “external” constraints aren’t that significant right now. However internal constraints are always significant – Fintech is not Tech – you are dealing with people’s money. There will be a spectrum across P2P of how automated the process can be – more automatable in consumer-P2P due to big data? less in real estate as one needs “boots on the ground” eg re valuation. Where there is manual intervention – especially around credit (far more common in the UK than in the US) – you can’t “just add another server” – “adding another person” takes longer to do well. To wrap up the show Christian outlines the rosy scenario, the downside scenario and his central scenario – you’ll have to listen to find out the details but his conclusion is “there is a rough ride ahead but the long-term viability of the concept is very real”. Everyone has an important job in deciding how the market evolves. Platforms; regulators/industry associations; the government and last but not least the investors – caveat emptor – plenty of real opportunities out there for great risk;returns – but be wise! Personal Afterthoughts – Rewording the P2P Risk Debate These comments are all my own – even if all being inspired by listening to our conversation. Whilst we touch on a number of these topics in the episode these are my afterthoughts. The industry is very focused (correctly) on credit analysis. However personally – as an outsider (mind you if I am an outsider I wonder what the average member of the public is) – I feel it is less easy to ascertain all the risks the investor takes. In a sense this is a question of evolution. Historically the main platforms have done an excellent job of risk management – I don’t wish to question that for one minute. However going forward – especially given the possible ISA flood – can we be certain that all platforms will do as good a job? My view of FS as a whole is that on the one hand much of #OldFS needs to wake up to an epochal shift. On the other much/most/all of #NewFS needs to get ever more professional/solid/reliable over time. What happens, post ISA-flood when a hundred or more platforms are listed on a consumer “price comparison website”? Hard to see how one avoids a whole tsunami of unsophisticated investors being attracted to the biggest headline rates rather than assessing quality. On a price comparison site one could see headline rates and volumes perhaps. But what about the platform risk/quality? Clearly not all platforms are as strong/good/reliable – you name it – as each other. How would one even assess a simple red/amber/green measure? In LFP006 I discussed this problem over the lack of quality assessment on price comparison sites in the insurance marketplace. Price comparisons websites are just that – they compare the prices of your insurance. They do not compare the quality of the insurance (you only find that out when you claim). That the public is rate-driven we know – witness in 2008 how many people had money with Landsbanki in the UK (as it had had the “best” rates in the market). Few folks are able to assess the risk of banks or platforms. Even banking analysts don’t have a great record of predicting demises .. just to name a few – Barings, Bankers Trust, Lehmans, Landsbanki were all (as far as I recall) unheralded by the analysts. RISK I/II – Asset Risk (Principal) vs Platform Risk (Agent) What the use of the term P2P is trying to convey is that the investor ends up with a direct exposure to the underlying loans. I get that. However there are less obscurantist ways of doing that Arguably the “peer-to-peer” phrase itself distracts one from the central role of the platform. To me this is the most important point – vocabulary apart – AltFinance-borrowing&lending is absolutely not “disintermediated”. The role of the platform as an intermediary/agent is absolutely central, absolutely vital. As Christian says all of the (sensible?) platforms have segregated client bank accounts (and one assumes a settlement mechanism re investing in the loans which means you are not on risk to the platform (not discussed)). So you shouldn’t have a direct cash-asset risk on the platform. However even though you end up with a principal exposure to the specific loan-asset(s) you also have an agency exposure to the platform. What do I mean by agency exposure? Well let’s assume you have a holiday home abroad which you rarely visit. The general solution is to have some agent looking after it for you. And if they do that well your asset remains in good shape. However if the agent goes bust or disappears your asset is more exposed to deterioration as any problems that arise aren’t addressed immediately etc. This agency role is far more vital than say an estate agent – when you buy a house you see it, you decide if you want to buy it and you get an independent survey, valuation etc – so you have little exposure to an estate agent as such (and none post-purchase). All (?) platforms accept their agency responsibilities – and will live or die by their ability to – source quality deals, filter out fraud, service payments flows, chase late payments, work out defaults etc etc etc. Owning assets (secured (0.00001% of 1 Park Lane or unsecured loans (£70 to Mr Bloggs1-100)) is one thing if you have a platform there fulfilling all the agency responsibilities. Even if technically your asset exposure doesn’t change if a platform disappears your asset servicing (“agency”) exposure certainly does. It would become a huuuuuge hassle to start collecting yourself on all those loans etc – in fact in the general case it would be inconceivable (and by definition you couldn’t do it as well as the platform, especially as, in most cases, you would become just one of many many tiny creditors). If we fast forward many years to the first platform to fail, in practice the “book”/”portfolio” would have to be transferred (/sold) to another platform to fulfill the agency duties. Maybe this agency risk is obvious to some of you (it wasn’t to me despite watching a whole host of conference videos!). However as Christian points out whilst the industry (of course) loves volume figures and does publish loss rates, all too often it doesn’t publish and measures of platform profitability or other measures of financial viability/longevity. So how can you assess this agency risk? This is clearly key. Especially now loan terms are increasing (out to 5yrs) I, having worn a number of FS Risk hats, certainly would not invest any money of that term without assessing my agency risk exposure over that time horizon to the platform. And don’t forget these platforms are not covered by the Bank Deposit protection scheme, nor do they have an industry guarantee scheme (unlike eg travel agents and ABTA/ATOL). If you are an investor who is considering investing in all 100++ P2Ps but first you want to select which ones to rule in and rule out, it is essential to measure this “agency risk”. Firstly what is the chance of the platform running into financial problems? I absolutely don’t know myself – but generalising from Fintech as a whole – most Fintech startups are not going to survive. Secondly what is their equivalent of “banks living wills”? That is, in the worst case of the platform falling over, do they have a new agent lined up? I believe in Lendinvest’s case Montello Capital (a related but separate company with experience of loan servicing/agency duties) would step in as the fallback/”safety net” agent. Based on a quick straw poll of P2P websites I just checked “not everyone” (being polite) has such arrangements. Some P2Ps merely have vague comments saying the servicing fee should be enough for you to pay for someone else to service your assets. I am not making these points merely to be critical or to throw rocks at other people’s greenhouses. Rather I am: (a) trying to help lenders understand the risks they are taking and flag up due-diligence issues to consider; and (b) trying to help the evolution of Fintech as a whole, but in this case P2P by flagging up my perception of how to make them even more solid and robust than they are right now. RISK II/II – P2P Two Main Subtypes – YOU select your asset(s) or THEY select your assets Revisiting the vocabulary point – no single term right now meaningfully covers all of Fintech hence the subsectors. Nor does any term now cover all the “P2P” subsector. There are many models within P2P. If we ignore the “shades of grey” and simplify into a black and white schematic we could say that “P2P” (the debt subsector of AltFinance) has bifurcated into two main subgroups. Both approaches are perfectly valid – however they are sufficiently different to explain the fact that no single term fits both. One type of “P2P” is the P2P/You-Select subtype (eg Lendinvest). They are (somewhat) like a marketplace – or perhaps more like a shop that sources all the things it sells. The platform’s main role re principal risk is, like a stock exchange perhaps, to be a quality control on the individual assets “sold in the shop”. The other main subtype one might call P2P/They-Select. They are (somewhat) like a fund (albeit neither structured nor regulated as such). In this case your agency exposure is much greater as they are making your principal investment decisions for you. One key difference with a fund is that in some cases there is no transparency – ie you may legally own a bunch of loans (or rather parts-thereof) but you have no knowledge of them, and no auditing that you would get if you invested in a fund. There are further bells and whistles in that some “P2P-They-Select”s may run provision funds, take out insurance, run “rolling 1mt investments”, have “rate promises”. There is a further agency wrinkle that touches on principal (which we don’t go into) around liquidity – how easy is it on various platforms to get your cash back before the term of the asset? The agency role there gets very close to your principal risk bone if you need to rely on the agent to (effectively) re-sell your asset. One for another day – and I have written faaaaar too much lol – am sure next to none of you made it this far – but wearing my old bloodhound hat I would want to sniff some of those quite hard to ensure that principal risk on any given platform hasn’t slipped back in. Did anyone read all of this? Say hi if you did
Integrity....Fairness....Relationships....Helping Others....Self-Reliance These are the core values the Lehman (pronounced Layman) family has operated with since 1955 when Jay Lehman opened the store in Kidron, Ohio. Here is their story. To listen to the show, click on one of the following: Itunes Sticher Play here on your COMPUTER Lehman's has been a tremendous success selling mainly non-electrical products, beginning with serving the Amish community. Inevitably, when there is a disaster or fuel crisis in Ohio, regionally, or nationally, Lehman's makes the news because of overwhelming demand for products to help in the emergency situations. During this interview with Jay's son, President and Co-Owner Galen Lehman. listeners will hear: why Jay Lehman created this business how the business specialized in hard-to-find products that the family spent several years living in Kenya, Africa, and how that helped them with their business when they returned to Ohio expanding into the catalog, and then internet sales how they expanded into manufacturing their own products the different sections of the store, and how they serve different interests full service of products, how-to books, and knowledgeable team members leaving a legacy of preserving a self-reliant way of life To learn more about this unique store go to Lehman's website. Thank you for listening, please take the time to rate the show on Itunes or Sticher.
McAlvany Weekly Commentary About this week's show: Corporate cannibalism is not organic growth Basel questions perceived stability Lehmans to Lehmanade: Still in trouble The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Kevin: We've had guests in the past, Dave, that have brought out the dangers of corporate profits if they come by the wrong purposes, and […] The post Stock Sirens Sounding appeared first on McAlvany Weekly Commentary.
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