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

Guest bio:

Terence Gillespie has worked at IBM, played jazz piano on cruise ships, is an instrument-rated pilot, songwriter, and is attempting to optimize every aspect of life one article at a time on his blog McGillespie.com.

Articles Discussed:

Terence Gillespie’s seven part series:

1. GALT’S GULCH CHILE — STORY, TIMELINE & REFERENCES

2. THE CREATURE FROM GALT’S GULCH

3. CONTRACTS ARE GOOD FOR LIBERTARIANS, TOO

4. JEFF BERWICK AND GALT’S GULCH CHILE: A REGRETTABLE SUMMARY

5. FEEDBACK FROM THE GGC RECOVERY TEAM

6. JOHNSON RE-OCCUPIES GALT’S GULCH

7. JERRY FOLTA’S LEGAL ACTION AGAINST IGGA

The Fate of Galt’s Gulch Chile – Wendy McElroy

THE GOOD, THE BAD AND THE UGLY ON GALT’S GULCH CHILE – Jeff Berwick

Show notes:

The background on Galt’s Gulch Chile (0:50)

Who is Terence Gillespie (4:13)

Why does he care (5:18)

Was Galt’s Gulch a libertarian project? (6:36)

At what point in time did this deal fall apart? (9:40)

How was this theft possible? (11:42)

How much of the blame should go on the investors? (13:15)

What caused the change is perception in August 2014? (17:15)

What was Jeff Berwick’s role in this fiasco (22:30)

What is going to have to happen in order for this to turn into a successful project? (27:35)

Will the $10.5 million be recovered? (32:09)

Affinity Scam

Was GGC a fraud from the beginning? (34:54)

Lessons learned from GGC (36:36)

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