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Iranian Economy Hit Hard by Sanctions
document IMAGES-009-HOUSE_OVERSIGHT_026954.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment oldman , goa anagement Iranian Economy Hit Hard by Sanctions Division 1. Iran Annualized Real GDP Growth and Inflation’ 2. Iranian Rial (Mid) to USD — Unofficial Market Rate 200,000 15 = =mReal GDP Growth CPI % YoY (Right) 60 51 180,000 - 10 - + | 40 460,000 _ IRR...

Sovereign Currencies Meet Three Criteria Division
document IMAGES-008-HOUSE_OVERSIGHT_025675.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment Management Sovereign Currencies Meet Three Criteria Division 1) They are used as a medium of exchange. — To represent a medium of exchange, an instrument must facilitate the transaction of goods or services between parities (US$ are used to buy a barrel of oil). 2)...

Cryptocurrencies Have Received Enormous Attention Division
document IMAGES-008-HOUSE_OVERSIGHT_025665.txt Nov 14, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

Cryptocurrencies Have Received Enormous Attention Division Investment Management 1. Bitcoin Currency Value — Through November 14, 2017 2. Cryptocurrencies with Market Capitalization over US$1 Billion $120 - 7000 - $100 + 6,590 592% 6000 - YTD $80 | —5000 - = faa] zs ‘= $60 4...

ASIC Mining Computer and a Mining Rig
document IMAGES-008-HOUSE_OVERSIGHT_025671.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment . . Managemen What is Mining? a Division ASIC Mining Computer and a Mining Rig y f y = Miners use highly specialized computers designed to run an algorithm that attempts to solve a cryptographic puzzle in order to add a new block on the blockchain. By design, a b...

How Do Miners Process Individual Transactions? Division
document IMAGES-008-HOUSE_OVERSIGHT_025670.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment oldman Soc Management How Do Miners Process Individual Transactions? Division Illustrative Schematic of a Bitcoin Transaction Step 2: Miners Verify the Transfer Request and add Step 3: Block Containing Bob and Alice’s Stemi Beb wants teipay Alice 05 Bie it to the n...

What is Blockchain Technology? Division
document IMAGES-008-HOUSE_OVERSIGHT_025667.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment Management What is Blockchain Technology? Division Illustrative Schematic: Centralized Network versus Distributed Network Centralized Network Distributed Network = Blockchain is the critical and differentiating infrastructure that underlies cryptocurrencies. = Unl...

Why Have Cryptocurrencies Rallied So Much? Division
document IMAGES-008-HOUSE_OVERSIGHT_025673.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment oldman Sachs Management Why Have Cryptocurrencies Rallied So Much? Division 1. Bitcoin Supply Over Time (Million Tokens) 2. Currency Composition of Bitcoin Purchase Volume Euro = Polish Zloty m British Pound 25 5 100% RUS Dollar m Japanese Yen © South Korean Won m...

Some Notable Observations
document IMAGES-009-HOUSE_OVERSIGHT_026918.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…2016 2017 2018 Note: Based on ICI weekly estimates through August 30,2018. Flows exclude reinvested dividends. Source: Investment Strategy Group, ICI. Some Headwinds Facing the FANGMAN Stocks Will Persist The basket of FANGMAN (i.e. Facebook, Apple, Netflix, Google, Microsoft,...

(a department of the China International Publishing Group) saw its cooperative
document IMAGES-006-HOUSE_OVERSIGHT_020551.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…s have faced roadblocks placed in their path by the Chinese government. A key roadblock has been China’s ban on Western investment in media except when it involves such things as fashion, cars, and lifestyle. Private media Unlike the United States, where Chinese reporters are...

impressed a pupil’s father who then recruited: him to a job on Wall
document IMAGES-006-HOUSE_OVERSIGHT_021093.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…@WAYOHE SttaregyGroup, Not much is known about this company except that, according to records, it is in the business of investment counselling. That is Epstein’s area of expertise and closer inspection shows that New York Strategy Group is just another part of his financial empir...

Re: Press: AmLaw Litigation Daily on Emirates Bank win
email TEXT-001-HOUSE_OVERSIGHT_012037.txt Aug 15, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…view, "There are some facts we wouldn't script." After the bank terminated its agreement with InfoSpan and demanded its investment back, Infospan's deputy CEO, Larry Scudder, was arrested when he tried to leave the UAE. "At the Dubai Airport that day, the Dubai police arrested Mr...

Some Notable Observations
document IMAGES-009-HOUSE_OVERSIGHT_026903.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ntioned above. Note: Based on ICI weekly estimates through August 30,2018. Flows exclude reinvested dividends. Source: Investment Strategy Group, ICI. Some Headwinds Facing the FANGMAN Stocks Will Persist The basket of FANGMAN (i.e. Facebook, Apple, Netflix, Google, Microsoft,...

What matters is return. I don’t have to specify “risk-adjusted” return so long as
document IMAGES-001-HOUSE_OVERSIGHT_011104.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…s better than investing at a loss. Zero return is better than negative return. | accept Keynes’ distinction between new investment and transfer payments. But I see the latter as part of the mechanics that ends up in the former. Maximize return, and full employment will happen....

Deployment challenges are limiting sovereign
document IMAGES-009-HOUSE_OVERSIGHT_026689.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…While the growth in these times is small, it is significant: sovereigns are increasingly dependent on their alternative investments to generate yields, however, growing levels of undeployed capital for alternative investments are being held in cash and money market funds, so that...