Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Saturday, July 30, 2011
This Congresscritter should be in jail for his actions against the American financial system.
Happy birthday Mom. Your light and the bright you brought shines eternal. Dad really loved you.
I miss you.
Thursday, July 28, 2011
It's like life on most Indian reservations. Things don't and won't change. The status quo remains intact.
It's all about the boys at the top who call the shots. The American taxpayer gets the short end of the stick.
My feeling is that if you don't pay federal income tax you should not be allowed to vote. Chew on that.
Monday, July 25, 2011
Tuesday, July 19, 2011
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers."
"This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities."
Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006
From the call transcript:
I believe in Las Vegas, I think its best days are ahead of it, but I'm afraid to do anything in the current political environment in the United States. You watch television and see what's going on on this this debt ceiling issue. And what I consider to be a total lack of leadership from the President, and nothing will get fixed until the President himself steps up and wrangles both parties in Congress. But everybody is so political, so focused on holding their job for the next year, that the discussion in Washington is nauseating.
And I'm saying it bluntly that this administration is the greatest wet blanket to business and progress and job creation in my lifetime. And I can prove it and I could spend the next three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our health care costs escalate. Regulations coming from left and right. A President that seems, you know -- that keeps using that word redistribution.
Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they're frightened of this administration. And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America. You bet. And until we change the tempo and the conversation from Washington, it's not going to change.
And those of us who have business opportunities and the capital to do it, are going to sit in fear of the President. And you know, a lot of people don't want to say that. They say oh, God, don't be attacking Obama. Well, this is Obama's deal. And it's Obama that's responsible for this fear in America.
The guy keeps making speeches about redistribution, and maybe's ought to do something to businesses that don't invest, they're holding too much money. You know, we haven't heard that kind of money except from pure socialists.
Everybody is afraid of the government. And there's no need -- there's no need, you know, soft pedaling it. It's the truth. It is the truth. And that's true of Democratic businessmen, and Republican businessmen, and I am a Democratic businessman and I support Harry Reid, I support Democrats and Republicans, and I'm telling you that the business community in this country is frightened to death of the weird political philosophy of the President of the United States. And until he's gone, everybody is going to be sitting on their thumbs.
And if anyone should know about a comparison between capitalism and communism it is Steve Wynn: after all the biggest growth prospect for his company, and the only reason why his company trades at the multiple it does, is currently located roughly 12 time zones away in Macau.
"Jim Cramer is a charlatan. He turns the serious issue of personal financial security into a complete joke. There is nothing that comes out of James Cramer's mouth that allows people to make intelligent investment decisions."
A quote from David Swenson in the December/January 2009 issue of Worth magazine. Mr. Swenson is the chief investment officer of Yale University.
Monday, July 18, 2011
- Powerful managers use ultra ETF’s of mass destruction to push stocks around.
- Performance of stocks has become disconnected from performance of the underlying companies.
- If you go swimming in this market, there is no lifeguard on duty.
- The SEC, who favors high frequency traders, is not doing their job protecting the little guys.
- Our markets have been captured by high frequency traders, and the EXCHANGES.
- TheSEC has approved all kinds of innovations that make the market less legitimate, and less safe.
- The SEC has approved all kinds of things that make the markets more dangerous, and more difficult for you to save money for your kids.
- If you think the SEC has your back, think again.
- If you think the Exchanges are on your side, think again.
- In the old days Exchanges used to be non-profit; now they want their large institutional hedge funds that trade high frequency to make money, because that’s how they make money.
- Until you get the SEC to start looking at the markets through the prism of your IRA or 401k or 529 plans instead of through a prism of market manipulators, don’t be surprised by any outrage or flash crash. It can happen again.
Did you guess the guys at Themis Trading? If you did you would be wrong. They did make those statements in almost 160 other weeks, but in this past week it was not the great team at Themis. Rather, those statements were made by CNBC’s Jim Cramer on Mad Money this past Friday evening.
It was a breeze! Easier than finding a parking spot in Del Mar at 7p.m. Who would have thought?
It was winning for everybody.
Saturday, July 09, 2011
15th of the month=housing showing signs of stabilization
The reality of shadow inventory=never mentioned
Single dip= reality
Double dip=reality reminder
Robbing American citizens blind=stabilization between the first and second dip
I’m broke= "restraints in income......."
Your grandmother’s broke=QE2
Everyone’s broke=bad weather was a factor
The unexplained rise in sales of cat food=QE3 is an unequivocal success
The end of free markets=victory for the bulls
Fake statistics=bears caught off guard
Soon to be revised statistics=bull rally continues
Inevitable revision of statistics=POMO day
1000 point drop=Waddell and Reed sold something
No human is stupid enough to buy stocks=another round of cuts on Wall Street
Oil at $120=QEx
Oil at $100=QEx
Oil @ $90=QEx
Oil @ $50=A huge boon to the economy
QEx=put it together yourself
Hard times=’Summer of Recovery’
Harder times=”Welcome to the Recovery”
Rats on a sinking ship=U.S. Economic recovery team
Guy who cut more jobs here than created=Jobs council leader
Guy who lost a billion dollars=Chief economic advisor
Guy who cheated on his taxes=treasury secretary
NY fed chief who bought house near the top of the fed induced housing bubble=same guy
Guy who completely missed housing bubble=guy to help fix housing depression
Bad joke= Wall Street economist
The joke of jokes=Joseph Lavorgna
100,000 jobs created =recovery
18,000 jobs created=soft patch
Surge in pitchfork sales=rescindment of birth/death model
Record stealing=trillion dollar stimulus
Complicit to it all=Congress and Senate
Global kleptocracy=The ‘New Normal’
In prison=Bernie Madoff
Friday, July 08, 2011
Wednesday, July 06, 2011
Tuesday, July 05, 2011
After she hits the clubs for a couple weeks she'll start working on her book. I hope the words miscarriage of justice in the dictionary will have the pictures of Casey Anthony and O.J. Simpson.
The best fix would be Seal Team 6. Instead, up next? Casey Anthony on DANCING WITH THE STARS.