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.
Friday, August 31, 2012
No reason to step in the way of so many sellers at this level. The greed of the Wall Street whores who pimped this on the public will never go away. There are alot of shares to be puked up by buyers above. It's not pretty. It's rather sad and pathetic.
Understanding the IPO process is something we have spent alot of time on over the years.
Like the Google IPO, the Dutch Auction process should have been used on Facebook.
We said it along time ago. Even Morgan Stanley would have been better off in retrospect.
Thursday, August 30, 2012
Australian billionaire Gina Rinehart wrote that there is “no monopoly on becoming a millionaire,” in a column in Australian Resources Magazine, according to the AFP.
"If you're jealous of those with more money, don't just sit there and complain,” Rinehart wrote. “Do something to make more money yourself -- spend less time drinking or smoking and socialising, and more time working.”
Rinehart has a point, working hard is one way to make a lot of money. Another way is to inherit a boatload of it and turn that wealth into more wealth. Rinehart may be more familiar with the second route. When her father died in 1992, he left the mining mogul $75 million and, yes, she multiplied that sum by 386 over the past 20 years.
Wednesday, August 29, 2012
Tuesday, August 28, 2012
just eat my waffle Now go eat your peas
Can I get a
shout out in the white hizzo please
I've now been
in 57 states and I think one to go
When I was in
college I enthusiastically did blow
wealth redistribution cause I gutsta get mine
I hear the
private sector is doing fine
If I had a
son he would look like me
police acted stupidly
bill is passed you will like what you see
glad you voted for me and I hope you
still believe in me
Cause I be
gonna bankrupt the entire country
Monday, August 27, 2012
If it weren't at taxpayer expense it would be hilarious.
The number of utility trucks headed down Interstate 75 the last few days has been simply unbelievable. Are these companies compensated just for showing up by FEMA? It was convoy after convoy headed south into Florida the past 4 days. The strippers will make a small fortune.
Friday, August 24, 2012
With 19 people shot in Chicago yesterday I wonder why they don't have chopper cams running full time for Rahm's constituents?
Stay armed boys and girls. You just never know.
It's far better to be "slayer" than "deceased".
Wednesday, August 22, 2012
This is the Mississippi River in 2011. A mere few hundred days ago. Plenty of water flowing to move barge traffic. No worries about shipping back then. Here is the same river this summer.
Maybe the "dead zone" of thousands of square miles of ocean bottom in the Gulf of Mexico may get a reprieve this summer from the pollution. I hope so but probably not. our Earth Mother is in trouble. This river is "cleaner" than any river I saw in India. There are plenty of "gods" in India. Clean water and Mother Earth would be a couple more to add to the mix.
Today it is 17 barrels of oil to an ounce of pure gold.
This is the ultimate price fix at work in the global economy.
Saturday, August 18, 2012
This year we are also making a duplicate award to some mighty fine salesmen. This year the award has co-winners. The first accolades go to the investment bank that duped so many, the venerable Morgan Stanley Smith Barney. These slick salesmen did more to wipe out equity of so many fine Americans in the Facebook IPO, in fact the losses inflicted pale in comparison to the criminal duo of Sir Alan Stanford and Bernie Madoff.
Our second co-winner is none other than Jon Corzine. Corzines esteemed accomplishments are as follows: Only on Wall Street can you bankrupt a company; misplace $1.6 billion of customers’ money; lose 75 percent of shareholders’ money in two weeks; speed dial a high priced criminal attorney and get a court to authorize the payment of your multi-million dollar legal tab from the failed company’s insurance policies; have regulators waive your requirements to take licensing exams required to work in the securities and commodities industry; have your Board of Directors waive your loyalty to the firm; run a bucket shop out of the UK; and still have the word “Honorable” affixed to your name in a Congressional investigations hearing.
Thursday, August 16, 2012
The United States won’t prosecute Corzine for raiding segregated customer accounts, but will happily convene a Grand Jury in preparation for prosecuting Julian Assange for exposing the truth about war crimes.
From the New York Times:
A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives. After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.Corzine is considering opening a new hedge fund, though the notion that anyone — even a slack-jawed muppet happy to buy whatever Goldman ‘s prop traders want to sell — would seed Corzine money so he can trade or steal it away seems absurd — rather like putting a child molester in charge of a day-care.
But nobody knows how much dirt Corzine has on other Wall Street crooks. Not only may Corzine get away with corzining MF Global’s clients’ funds, he may well end up with a whole raft of seed money to play with from those former colleagues and associates who might prefer he remain silent regarding other indiscretions he may be aware of.
But the issue at hand is the sense that we have entered a phase of exponential criminality and corruption. A slavering crook like Corzine who stole $200 million of clients’ funds can walk free. Meanwhile, a man who exposed evidence of serious war crimes is for that act so keenly wanted by US authorities that Britain has threatened to throw hundreds of years of diplomatic protocol and treaties into the trash and raid the embassy of another sovereign state to deliver him to a power that seems intent not only to criminalise him, but perhaps even to summarily execute him. The Obama administration, of course, has made a habit of summary extrajudicial executions of those that it suspects of terrorism, and the detention and prosecution of whistleblowers. And the ooze of large-scale financial corruption, rate-rigging, theft and fraud goes on unpunished.
Wednesday, August 15, 2012
The ultimate safety net is your brain, your guts, your effort, your determination and your belief in God not governments that come and go. Let's roll from every Rez................
As I sit and listen I hear nothing. The Dad, never once, engaged his child in chat. None. He just checked his Facebook page. And email. And played games. What the hell ever happened to conversation, the art of exchanging ideas, imparting knowledge, answering questions or just plain letting your child or children know that you value them, their company and what they have to say?
Throw down the ipads, the cell phones and start listening. The kids deserve better.
A little history most people will never know. Interesting Veterans Statistics off the Vietnam Memorial Wall
There are 58,267 names now listed on that polished black wall, including those Added in 2010.
The names are arranged in the order in which they were taken from us by date and within each date the names are alphabetized. It is hard to believe it is 36 years since the last casualties.
The first known casualty was Richard B. Fitzgibbon, of
There are three sets of fathers and sons on the Wall.
39,996 on the Wall were just 22 or younger.
8,283 were just 19 years old.
The largest age group, 33,103 were 18 years old.
12 soldiers on the Wall were 17 years old.
5 soldiers on the Wall were 16 years old.
One soldier, PFC Dan Bullock was 15 years old.
997 soldiers were killed on their first day in
1,448 soldiers were killed on their last day in
31 sets of brothers are on the Wall.Thirty one sets of parents lost two of their sons.
54 soldiers attended
8 Women are on the Wall, killed while nursing the wounded.
244 soldiers were awarded the Medal of Honor during the Vietnam War; 153 of them are on the Wall.
Tuesday, August 14, 2012
Sunday, August 12, 2012
Friday, August 10, 2012
- Weightlifting commentator: "This is Gregoriava from Bulgaria. I saw her snatch this morning during her warm up and it was amazing."
- Dressage commentator: "This is really a lovely horse and I speak from personal experience since I once mounted her mother."
- Boxing Analyst: "Sure there have been injuries, and even some deaths in boxing, but none of them really that serious."
- Softball announcer: "If history repeats itself, I should think we can expect the same thing again."
- Basketball analyst: "He dribbles a lot and the opposition doesn't like it. In fact you can see it all over their faces."
- At the rowing medal ceremony: "Ah, isn't that nice, the wife of the IOC president is hugging the cox of the British crew."
- Soccer commentator: "Julian Dicks is everywhere. It's like they've got eleven Dicks on the field."
- Tennis commentator: "One of the reasons Andy is playing so well is that, before the final round, his wife takes out his balls and kisses them . . . Oh my God, what have I just said?"
Thursday, August 09, 2012
"I don’t think student loans are a financial stability issue to the same extent that, say, mortgage debt was in the last crisis because most of it is held not by financial institutions but by the federal government" - Ben Bernanke, August 7, 2012
Wednesday, August 08, 2012
Tuesday, August 07, 2012
Sunday, August 05, 2012
It went like this. I'll make it simple. Main Street doesn't trust Wall Street.
It's probably best summed up by one of the fine crew at Themis. This is what Joe Saluzzi had to say.
"This is people’s money. This is 401(k)s. Grandma’s mutual fund is now being whipped around by algos that don’t even understand what they’re doing,” said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey."
“How many more dollars (will) now have to come out of the market because people don’t trust it?”
The second is all about simple math. Compounding interest. While both candidates may, for their own particular reasons, not want to bring up the slow motion trainwreck that is the US economy now, in 4 years whoever is running for president will not be so lucky, because as the US debt clock shows, assuming current rates of progression, things are about to get far, far worse.
Wednesday, August 01, 2012
When SHTF soon, you won't believe what will happen. It's coming boys and girls.
The regulators have not a clue. Best be prepared out in Pine Ridge and Mandaree!