Tuesday, January 26, 2010

Budd Zuckerman

Happy Birthday pal! May your lifestyle allow many more!

Nobody asked me but........

The "campaign" speech that will be President Obama's SOTU address ought to be a doozy. More lies per minute than perhaps any other President.

I thank the Creator for Scott Brown. America owes this cat big time.

I am enjoying Andrew Ross Sorkins, "Too Big To Fail" on my Kindle and now with the Fed and AIG revelations coming out (along with the wonderful timing and good fortune of Goldman Sachs) things are all falling into place. The shenanigans of TARP $$$ haven't taken long to surface. Amazing amounts of taxpayer money down the drain.

A Fed audit will hopefully happen. Maybe even in my lifetime.

Saturday, January 23, 2010

United States Marines in Iraq

The Marines have spent about 7 years in Iraq and they now officially are out of the country.

Leaving Iraq for Afghanistan isn't exactly a walk in the park.

President Obama should get our troops out of there as soon as possible.

It would be the first and only thing he has done so far to make America a safer nation.

Friday, January 22, 2010

Conan, oh Conan..........

Staggering..........$52,600,000 total to be paid out to Conan and entourage.

Nice work if you can get it. A months pay for Michael Milken 25 years ago at my old firm of Drexel Burnham Lambert.

Funny how the pay czar isn't up in arms about Conan's big pay day. Where's Congress when you need them to stick their useless noses into Hollywood deals?

Ponder this over your football weekend........

Think about the financial health of America this weekend. Think about some of the slime that allowed this to happen. Between your beers and chips and endless stream of commercials just think. This Dodd cat who was a dear friend of Angelo "the tan one" Mozzillo is really a piece of work. He cuts sweetheart real estate deals and tells us that we must confirm his pal. Get a load of this quote:

"I think if you wanted to send the worst signal to the markets right now in the country and send us in a tailspin, it would be to reject this nomination. This is not naming someone to be an assistant secretary to something. This is the most important central banker in the world. Rejecting the president's choice for the Fed chairman would have huge economic implications, and people need to think about that." - Chris Dodd


Mr. Dodd, the shitshow you helped create is building momentum.

Friday humor.........

A Georgia Congressman was seated next to a little girl on the airplane leaving from Atlanta when the he turned to her and said, 'Let's talk. I've heard that flights go quicker if you strike up a conversation with your fellow passenger.'

The little girl, who had just opened her book, closed it slowly and said to the total stranger, 'What would you like to talk about?'

'Oh, I don't know,' said the southern congressman. 'How about global warming or universal health care', and he smiles smugly.

OK, ' she said. 'Those could be interesting topics. But let me ask you a question first. A horse, a cow, and a deer all eat the same stuff - grass. Yet a deer excretes little pellets, while a cow turns out a flat patty, and a horse produces clumps of dried grass. Why do you suppose that is?'

The southern legislator, visibly surprised by the little girl's intelligence, thinks about it and says, 'Hmmm, I have no idea.'

To which the little girl replies, 'Do you really feel qualified to discuss global warming or universal health care when you don't know shit?

Thursday, January 21, 2010

Bills Means.........

I have never heard of this cat but I like how he thinks. He has it down. No need to mince words when billions are left out of the equation. The rape of Native American assets and the "theft" of Native American "human capital" at the hands of the BIA, US Government and Tribal leaders continues to this very day.

Here is Bill Means words...........

With all due respect to Elouise Cobell, lead plaintiff in a recently settled lawsuit over American Indian trust funds ("U.S. to pay Indians $3.4B," Dec. 9), I think the United States is continuing a policy of "Indians are not humans."

During the course of this long-running, class-action litigation, it has been documented that the United States owes Indian people more than $137 billion for mismanagement of trust accounts. That was established just by the documents that were presented.

The original federal judge on this case was Royce Lamberth, who held at least three secretaries of the Interior in contempt for not producing thousands of additional documents. Also, during the course of this case, hundreds of relevant documents were found in the trash by Interior Department employees, who reported this to the court and to Interior Department officials.

Those of us who own Indian land, heirs and the American public do not know the total amount owed to Indian people, because the government has refused to turn over all the documents ordered by the federal court. Lamberth was removed from the case; officials in the Bush administration argued that he was biased in favor of Indians.

This has rarely happened in the history of U.S. jurisprudence. Lamberth was appointed by former President Ronald Reagan and is a Texas Republican.

So basically, now, the U.S. government is saying that it has identified the thief of Indian royalties and resources as itself. It has allowed the thief to determine the value of the settlement and mostly has allowed the thief to keep what has been stolen.

Only in America if you steal something and hold onto it long enough does it becomes yours.

The SCOTT heard 'round the world................

The lightening speed at which the Democrats spending freight train is grinding to a halt is a gem to watch. The lies, distortion and double-speak which these politicians were laying on the American people last week, last month and last year will come back to haunt them.

The 411 public speeches and comments that Obama had in his first year in office speaks for itself. Where I come from they call it all hat, no cattle. Indian Country still thinks they are helping themselves with the "free money" promised by the Obama regime, (Native American tax dollars in my case). There is nothing free from the government. The government is us.

Wednesday, January 20, 2010

It is undisputed from this desk

that President Obama jumped on the Peoples Jet, Air Force One and headed off to VA, NJ and MA to campaign with his teleprompters and entourage.

At every turn his politics were turned down by democratic vote. The Democrats throwing their female MA candidate under the bus today says it all.

Thursday, January 14, 2010

Politicians and economic policy

The socialism out of Washington D.C. is growing.

The reaction across America will not be muted at the voting booths down the road.

The blame being tossed around the last 48 hours for our economic condition is truly of historic proportion. None of it is true. It is all cover-ones-ass.

Clueless

President Obama didn't get any finance work in law school. Torts, evidence and family law don't involve TARP, the SEC and bank bonus's.

This latest fiasco of the government trying to recover TARP assets by taxing the banks is ludicrous. When will America want THEIR money back from the Government?

Wednesday, January 13, 2010

This is unbelievable

Listening and watching the testimony of Lloyd Blankfein of Goldman Sachs under oath this morning on CNBC is one of the biggest jokes in the history of Wall Street.

The vampire squid bullshit artist is at it again.

2010 and beyond.......

It was a real hoot this morning looking at some of the new and fancy cars being brought to market at the Detroit Auto Show. The first major blizzard across the snow belt of America will stop them in their tracks. Detroit doesn't get it. Neither with their pricing, financing or value. GM and it's ilk are a national disaster.

So Thomas Sporkin is heading up the SEC's new unit called "market intelligence" to investigate tips and referrals? They are laughing at every water cooler this morning over that "new" unit. Hope and change has hit the SEC.

Tuesday, January 12, 2010

The facts, just the facts please..........

When I was growing up on the many Indian reservations of my youth, (my Dad worked for the Bureau of Indian Affairs), it was the "in-thing" to hunt. Most of the Indian reservations I grew up on way back then did NOT have game and fish codes and few reservations had any enforcement of conservation laws even if there were any.

In those days, deer hunting wasn't a sport, it was a way to put cheap meat on the table. I did alot of it. I shot alot of deer growing up and driving up to an elderly Oglala couple's home in the cold winter with a freshly killed deer to give to them was to share a generous gift. In return I would take commodity cheese to my parents house. Those were the facts back then.

Today the facts are different facing this nation. Here are some to ponder.

8 million jobs were lost in just over the last year

Homes are still foreclosing at the rate of 300,000 a month

Commercial real estate is toxic and is entering a hightening rate of defaults

Credit is again tightening, commercial credit is down for the last 6 weeks or so, same in Europe

Consumer credit dropped a record 17.5 billion bucks last reporting month.

Govt tax intake is dangerously down

Real unemployment is over 20% and not getting better.

All govt programs have failed, 3% success is failure.

7 or more million homes are foreclosed and not on the market as banks hold them back for better prices.

Central banks are now buying gold rather dramatically.

State governments are entering Hotel California one by one.

The "too big to fail" banks are in no better shape than two years ago due to "black hole" bailouts.

Remember these words? Federal Reserve Chairman Ben Bernanke said on July 16, 2008, that Fannie Mae and Freddie Mac are "adequately capitalized" and "in no danger of failing." Then-Secretary Treasurer Henry Paulson declared on August 10, 2008, "We have no plans to insert money into either of those two institutions."

►Both Fannie and Freddie were nationalized 28 days later, on September 8, 2008.

Ben Bernanke claimed on February 28, 2008, "Among the largest banks, the capital ratios remain good and I don't expect any serious problems of that sort among the large, internationally active banks..." Henry Paulson added on July 20, 2008, that "It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation."

►Since the recession started in December, 2008, 144 banks have failed.

Paulson informed us on April 20, 2007, that "All the signs I look at show the housing market is at or near the bottom."

►The number of foreclosures skyrocketed shortly thereafter and will now any day surpass those during the Great Depression.

Ben Bernanke announced on June 20, 2007, that "[The sub prime fallout] will not affect the economy overall."

►Less than one year later, the stock market crashed, losing 53% of its value, and is still down 25% despite one of the biggest bounces in history.

Those in charge of our country's finances not only failed to see the crises developing and then bungled the handling of the recovery, they've deliberately misled us about what they're doing to our currency. In spite of emphatic promises, flowery speeches, pat-on-the-back assurances, and continual reassurances, here's what they've actually done to the dollar:

Since September 1, 2008, the monetary base has ballooned from $908 billion to $2.0 trillion. The current monetary base is now equal to bailing out General Motors 23 times.
Bailout funds in 2008 and 2009 total $8.1 trillion. That's almost 78 WorldComs. It's over 123 Enrons.
U.S. debt has risen sharply, from $6.2 trillion in 2002 to $12.1 trillion today. That's over $39,000 per citizen.
David Walker, the comptroller general of the Government Accountability Office from 1998-2008, warned that the U.S. is on the hook for $60 trillion in unfunded liabilities. Independent analysts peg the figure at near twice that. Whatever the number, it is incomprehensibly large. The only way we will meet these liabilities is to print the money and inflate them away.
We're bailing out corporations that should fail, making financial promises we can't keep, and adding layers of debt we can't possibly repay. And the real killer is, if we don't have the cash, we just print it. It is, by any reasonable account, the "blunder that will plunder" the next several generations. It is changing America permanently, and the problems will persist long after you and I are laid to rest.

Bottom line: after all the bailout programs, housing initiatives, rescue efforts, stimulus schemes, bank takeovers, wars, unemployment benefit extensions, and numerous other promises, the biggest financial deception of the decade is what the U.S. government is doing to the dollar. Nothing else even comes close.

This reckless activity has spooked our foreign creditors, weakened our global standing, diluted our currency, is punishing savers and retirees, and ultimately sets us up for a level of inflation this country has never seen before.

The facts, just the facts.

Monday, January 11, 2010

If you really think about it.........

Madoff might be one of the better dudes out there to help clean up Wall Street and the SEC.

He knows the system, he knows the players, he knows their crimes.

He would sing like a canary to the DOJ and the FBI with unfettered access and some young guns who want to make names for themselves.

Nothing but the truth.............

Subject: File No. S7-23-09
From: William T McGonagall, III
Affiliation: Dungeon Master

November 23, 2009

I don't reckon none of them asset backed securities oughta be accounted for at alls. I reckon we ought not to mark them to market or anything. We oughta mark 'em to my butt

Sincerely,
William T. McGonagall, III

No one asked me but.........

It will be a long off-season for Tom Brady. Okay, so the Green Bay quarterback kicked the ball into the air, keeping it aloft long enough to get picked off. Nasty way to lose the game. The cheeseheads will have to wait. Romo looked good. The New England linebacking corps or defensive scheme needs work. Junior Seau still getting it done?

Earnings season kicks off today with Alcoa. Am enjoying Andrew Ross Sorkins new book on my Kindle. Amazon has it going on with this device. Love it.

Three more military men dead in Afghanistan today. God bless their families.

And for what?

Wednesday, January 06, 2010

Beazer Homes

These clowns are in a tough industry. And yes, they made great money on the way up.

On the way down, the rosy forecast they came with yesterday made me want to vomit.

The rosy forecast of issuing another 18,000,000 shares and diluting existing owners of the company by 45% was another travesty of epic Wall Street greed.

Ever have your real estate diluted by 4? Or 5%? or 25? I didn't think so.

Only in America's financial markets can these scum get away with such dilutive actions and remain in the board room. Throwing back martini's with their investment bankers and elated with their "capital raise".

Will it ever end?

Good thing

these money grubbers are leaving the Senate faster than you can say, "I would lose the next election"..........now this is great comedy.

I hope these states can come up with representation that will stand up to the miscreants inside the Beltway.

The unfunded liabilities are so vast that if the average American had a clue, (he doesn't, he is too busy either trying to make ends meet, get a job or on unemployment and sitting around watching American Idol) he might actually let his thoughts be known.

Tuesday, January 05, 2010

Pow Wow Idol............

Pow Wow Idol is an online contest that seeks to find THE best unsigned Pow Wow drum group in Indian Country! Over the next few months, drum groups will compete in several rounds for votes. Drums will be eliminated each round until we have the new Pow Wow Idol.

Auditions are open for only a few more days. The deadline is 1/8/2010.

Submit the application here:
http://powwowidol.powwows.com/?page_id=13

Please spread the word to all your favorite drums that the contest will start soon.

Voting begins on 1/11/2010! Check the Pow Wow Idol website that day to listen to all the drum's songs and cast your vote!

Voting will done this time via 3 methods - online poll, Twitter, and text messages.

www.powwowidol.com

Monday, January 04, 2010

New England Patriots

My son is a huge fan of Tom Brady and Wes Welker. In fact he was sitting on the couch with his Wes Welker uniform on when Wes went down yesterday. That was an ugly scene with his knee giving way on such a hard cut. I wish him well in his recovery and may he be back in the NFL spotlight next year. His work ethic and approach to the sport makes the gun-toting thugs in the NBA look abysmal.

You'll be back Wes. Let your body heal properly. There's a reason for everything.

The biggest loser........

in 2009 was the American taxpayer. On Christmas Eve, 2009, one of the largest massacres in the history of the American taxpayer took place when the Treasury Department lifted the caps on the potential guaranteed losses of both Fannie and Freddie Mac as well as the limits on how much more money they both can borrow to keep afloat.

This will go down as one of the sickest moments in American financial history.

Just wait and see.

The ship isn't on the rocks, the ship isn't out of fuel, the ship's sails aren't torn. The ship is headed only one way and Americans don't have a clue.

A Study Worth Sharing........

A study conducted by UCLA's Department of Psychiatry has revealed that the kind of face a woman finds attractive on a man can differ depending on where she is in her menstrual cycle. For example: if she is ovulating, she is attracted to men with rugged and masculine features. However, if she is menstruating or menopausal, she tends to be more attracted to a man with duct tape over his mouth and a spear lodged in his chest while he is on fire.

No further studies are expected.

Friday, January 01, 2010

2009 Hall of Shame

Every year there are a few people or firms that make my Hall of Shame list.

It frankly takes alot to make the list. They have to be just plain BAD in several different ways to make the esteemed list. They have to have an element of bullshit involved. They have to be so bad I wouldn't recommend them to anybody.

For 2009, the winners of my Hall of Shame list are USA FOXX out of Duluth, MN and Shane Watsons Striper Guide Service on Lake Lanier.

January 1, 2010

All the best to you and yours in 2010! Here's to great things for America in 2010. I finished my last meal of the year at our favorite sushi bar and hit the hay early, in fact in time to wake up for the Ball Drop on TV. Dick Clark it is time, it really is. You need to do what the world wants you to do. Plenty of fireworks in the 'hood and no doubt local Law Enforcement officials were busy through the night. There's a roaring fire in the fireplace and plenty of football ahead.

And the venison chili will be simmering. Cheers!

Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173