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.
Tuesday, September 30, 2014
So why does so much government debt come due each year?
Well, in recent years government officials figured out that they could save a lot of money on interest payments by borrowing over shorter time frames. For example, it costs the government far more to borrow money for 10 years than it does for 1 year. So a strategy was hatched to borrow money for very short periods of time and to keep "rolling it over" again and again and again.
This strategy has indeed saved the federal government hundreds of billions of dollars in interest payments, but it has also created a situation where the federal government must borrow about 8 trillion dollars a year just to keep up with the game.
So what happens when the rest of the world decides that it does not want to loan us 8 trillion dollars a year at ultra-low interest rates?
Well, the game will be over and we will be in a massive amount of trouble.
I am about to share with you some numbers that were originally reported by CNS News. As you can see, far more debt is being redeemed and issued today than back during the middle part of the last decade...
The only way that this game can continue is if the U.S. government can continue to borrow gigantic piles of money at ridiculously low interest rates.
And our current standard of living greatly depends on the continuation of this game.
If something comes along and rattles this Ponzi scheme, life in America could change radically almost overnight.
In the United States today, we have a heavily socialized system that hands out checks to nearly half the population. In fact, 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government each month according to the U.S. Census Bureau. And it is hard to believe, but Americans received more than 2 trillion dollars in benefits from the federal government last year alone. At this point, the primary function of the federal government is taking money from some people and giving it to others. In fact, more than 70 percent of all federal spending goes to "dependence-creating programs", and the government runs approximately 80 different "means-tested welfare programs" right now. But the big problem is that the government is giving out far more money than it is taking in, so it has to borrow the difference. As long as we can continue to borrow at super low interest rates, the status quo can continue.
But a Ponzi scheme like this can only last for so long.
It has been said that when the checks stop coming in, chaos will begin in the streets of America.
The looting that took place when a technical glitch caused the EBT system to go down for a short time in some areas last year and the rioting in the streets of Ferguson, Missouri this year were both small previews of what we will see in the future.
And there is no way that we will be able to "grow" our way out of this problem.
As the Baby Boomers continue to retire, the amount of money that the federal government is handing out each year is projected to absolutely skyrocket. Just consider the following numbers...
Yes, things seem somewhat stable for the moment in America today.-Back in 1965, only one out of every 50 Americans was on Medicaid. Today, more than 70 million Americans are on Medicaid, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
-When Medicare was first established, we were told that it would cost about $12 billion a year by the time 1990 rolled around. Instead, the federal government ended up spending $110 billion on the program in 1990, and the federal government spent approximately $600 billion on the program in 2013.
-It is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.
-At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately $328,404 for every single household in the United States.
-In 1945, there were 42 workers for every retiree receiving Social Security benefits. Today, that number has fallen to 2.5 workers, and if you eliminate all government workers, that leaves only 1.6 private sector workers for every retiree receiving Social Security benefits.
-Right now, there are approximately 63 million Americans collecting Social Security benefits. By 2035, that number is projected to soar to an astounding 91 million.
-Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.
-The U.S. government is facing a total of 222 trillion dollars in unfunded liabilities during the years ahead. Social Security and Medicare make up the bulk of that.
But the same thing could have been said about 2007. The stock market was soaring, the economy seemed like it was rolling right along and people were generally optimistic about the future. Then the financial crisis of 2008 erupted and it seemed like the world was going to end.
Well, the truth is that another great crisis is approaching.
Tuesday, September 23, 2014
Oslo, October 9, 2009
The Norwegian Nobel Committee has decided that the Nobel Peace Prize for 2009 is to be awarded to President Barack Obama for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples. The Committee has attached special importance to Obama's vision of and work for a world without nuclear weapons.
Obama has as President created a new climate in international politics. Multilateral diplomacy has regained a central position, with emphasis on the role that the United Nations and other international institutions can play. Dialogue and negotiations are preferred as instruments for resolving even the most difficult international conflicts. The vision of a world free from nuclear arms has powerfully stimulated disarmament and arms control negotiations. Thanks to Obama's initiative, the USA is now playing a more constructive role in meeting the great climatic challenges the world is confronting. Democracy and human rights are to be strengthened.
Only very rarely has a person to the same extent as Obama captured the world's attention and given its people hope for a better future. His diplomacy is founded in the concept that those who are to lead the world must do so on the basis of values and attitudes that are shared by the majority of the world's population.
For 108 years, the Norwegian Nobel Committee has sought to stimulate precisely that international policy and those attitudes for which Obama is now the world's leading spokesman. The Committee endorses Obama's appeal that "Now is the time for all of us to take our share of responsibility for a global response to global challenges."
Sunday, September 21, 2014
Obama and the American people - as a result of the Afghanistan and Iraq debacles — vehemently veto that idea. However, inserting U.S. military personnel for fighting or training locals likely would be also be counterproductive and would once again paint a big, red bulls-eye on the United States.
The best option is for the U.S. government to do nothing.
Saturday, September 20, 2014
#1 According to a survey that was just conducted, only 36 percent of all Americans can name the three branches of government.
#2 Only 25 percent of all Americans know how long U.S. Senators are elected for (6 years), and only 20 percent of all Americans know how many U.S. senators there are.
#3 Even if you include same-sex couples in the numbers, the marriage rate in the United States is at a 93 year low.
#4 For the first time ever, single Americans make up more than half the U.S. population.
#5 31.1 percent of American young adults in the 18 to 34-year-old age bracket are currently living with their parents.
#6 One out of every ten teen girls in America engages in “self-harm”. Cutting and burning are the most common forms that this “self-harm” takes.
#7 One survey found that 85 percent of all young men in America and almost half of all young women in America watch porn at least once a month.
#8 A different survey discovered that 64 percent of American men of all ages view pornography at least once per month.
#9 The Internet can be used for great good, but it can also be used for great evil. It is being reported that 83 percent of U.S. boys and 57 percent of U.S. girls have been exposed to group sex while on the Internet.
#10 One survey discovered that 25 percent of all employees that have Internet access in the United States visit sex websites while they are at work.
#11 There is an epidemic of porn watching among federal employees. For example, one Treasury Department worker said that he viewed 13,000 pornographic images within the span of six weeks because he did “not have enough work to do“.
#12 An astounding 30 percent of all Internet traffic now goes to adult websites.
#13 Right now, 30 million Americans are on antidepressants.
#14 Americans account for about five percent of the global population, but we buy more than 50 percent of the pharmaceutical drugs.
#15 Americans consume a whopping 80 percent of all prescription painkillers.
#16 According to a study conducted by the Mayo Clinic, nearly 70 percent of all Americans are on at least one prescription drug, and 20 percent of all Americans are on at least five prescription drugs.
#17 Approximately 60 million Americans have a problem with alcohol addiction.
#18 Heroin traffic in New York City is at a 20 year high.
#19 Of all the major industrialized nations, America is the most obese. Mexico is #2.
#20 Back in 1962, only 13 percent of all Americans were obese, but it is being projected that 42 percent of all Americans could be obese by the year 2030.
#21 70 percent of Americans do not “feel engaged or inspired at their jobs”.
#22 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968 after you account for inflation.
#23 Small business ownership in the United States is at the lowest level that has ever been recorded.
#24 It is hard to believe, but 56 percent of all Americans now have “subprime credit”.
#25 The United States has the most lawyers per capita in the entire world.
#26 The United States has the highest incarceration rate and the largest total prison population in the entire world by a wide margin.
#27 While Barack Obama has been in the White House, the U.S. national debt has grown by more than 7 trillion dollars.
#28 During the Obama years, sexual assaults in the U.S. military have soared to an all-time high, and most of the assaults have been male on male.
#29 According to one absolutely shocking study, 22 military veterans kill themselves in the United States every single day.
#30 The top Democrat in the U.S. House of Representatives is Nancy Pelosi. The top Republican in the U.S. House of Representatives is John Boehner. More often than not, they seem to be working together. Is this really the best that America can do?
#31 There are more than 3 million reports of child abuse in the United States every single year.
#32 At this point, approximately one out of every three children in the United States lives in a home without a father.
#33 18 percent of all women in the United States say that they have been raped at some point in their lives.
#34 According to a study conducted by the Centers for Disease Control and Prevention, approximately two-thirds of all Americans in the 15 to 24-year-old age bracket have engaged in oral sex.
#35 Approximately one-third of the entire population of the United States (110 million people) currently has a sexually transmitted disease according to the Centers for Disease Control and Prevention.
#36 Every single year, there are 20 million new STD cases in America.
#37 America has the highest STD infection rate in the entire industrialized world.
#38 Americans in the 15 to 24-year-old age group account for about 50 percent of all new STD cases each year.
#39 It costs our nation approximately 16 billion dollars a year to treat our sexually transmitted diseases.
#40 According to one survey, 24 percent of all U.S. teens that have STDs say that they still have unprotected sex.
#41 In the United States today, more than half of all couples “move in together” before they get married.
#42 For couples that have children that are just “living together”, two-thirds of them split up by the time they have a child turn 10 years of age.
#43 For women under the age of 30 in the United States, more than half of all babies are being born out of wedlock.
#44 It is estimated that one out of every four girls will be sexually abused before they become adults.
#45 Suicide has now actually surpassed car accidents as the number one cause of “injury death” in the United States.
Thursday, September 18, 2014
Wednesday, September 17, 2014
Since winning the Division Championship in the 6th grade, my sons teams have lost very few games. I think you can count on one hand the number of losses that Jordan was part of when he was a starter.
As parents of these young guys we have come to support the programs in a variety of ways and for that we are thankful to have that opportunity. Great programs aren't born, they are built.
Our last game against the #3 ranked team in Georgia was a thriller and here is a brief clip to watch of our great running backs get it done. This young man is Mikko Brisker. If you go to YOUTUBE and type in his name you will see that he holds national records for his age class in powerlifting. He will literally freight train you on a head on collision. Jordan says that it "just hurts" to tackle Mikko in practice.
It is a treat to watch Mikko and his teammates on Friday nights under the lights.
If Jordan doesn't go on to play at the college level it will all be over. I'll have more time on my hands for sure but dang, I'll miss the excitement of high school ball games.
Tuesday, September 16, 2014
Snarl traffic worse than it normally is.
He wants to send American military troops to fight EBOLA but he won't send troops to defend our borders and protect all of America.
Monday, September 15, 2014
Sunday, September 14, 2014
The Minnesota Gopher TCU mismatch yesterday indeed met my expectations for Gopher football.
What an ugly display of tackling and coaching.
In my lifetime will it change? Can I live as long as Moses did?
Saturday, September 13, 2014
Joletta Bird Bear, a classmate in elementary school in Mandaree, North Dakota on the Ft. Berthold Indian reservation would be a huge asset to any administration who might be able to effect positive change there.
Two traits that both women share are brains and a tremendous work ethic.
It's still hard to fathom that leaders of their caliber aren't running their respective tribes.
This Adrian Peterson cowboy is a hell of a running back. Must be fairly good at impregnating women too. His track record at siring children isn't bad for one his age.
The indictment speaks for itself.
There's a sickness in this guy.
Lets see if there's another felon running loose on Sunday afternoons in the NFL.
It's just another reason to stay home.
I wish the NFL had a policy where season-ticket holders were screened to make sure they weren't getting EBT or WIC funds from taxpayers as well.
Here is a very well written piece on the Ray Rice saga as well.
Friday, September 12, 2014
Thursday, September 11, 2014
I wish we could come together as a country and work for a better America but it won't happen. The greed and graft of the 1% will insure continued dependency. No one wants to work. Look at Europe today. Look around America. The FREE SHIT ARMY playing golf with ENTITLIST clubs is on the take. They only get fatter and more reliant on the hind tit.
Wherever this woman is today I hope she is healthy. God Bless America.
This is simply a tough video to listen to.
The last words of Kevin Cosgrove
Tuesday, September 09, 2014
Monday, September 08, 2014
|The Baltimore Ravens terminated running back Ray Rice’s contract Monday after the emergence of new, more graphic video of him punching his fiancée, who is now his wife, which raised fresh questions about N.F.L. Commissioner Roger Goodell’s handling of the situation. In July, the N.F.L. had suspended Rice for two games.|
|The team, which had not disciplined Rice in any way publicly, made the announcement on its Twitter account Monday afternoon.|
|The website TMZ published video Monday that shows Rice and his fiancée in an elevator, where Rice punched her. He then dragged her unconscious body from the elevator.|
They will note how access to "cheap money" allowed corporate CEO's to use debt and finance the purchse of shares with shareholder money, hence driving up stock prices and gifting corporate management and boards massive profits.
All done without topline revenue growth.
It's funny this guy at Morgan bank still has a job. Maybe Jamie Dimon will see to it that he doesn't after this week but a good call by this cowboy nevertheless. The filthy bankers who were all on the brink in 2008 and used the American taxpayer as an ATM, gifting themselves hundreds of millions in bonus's are the winners.
"The ECB's quantitative expansion is hitting the financial system at a time when broad liquidity is also very high. The rise in excess liquidity, i.e. the residual in the model of Figure 3, is supportive of all assets outside cash, i.e. bonds, equities and real estate. The current episode of excess liquidity, which began in May 2012, appears to have been the most extreme ever in terms of its magnitude and the ECB actions have the potential to make it even more extreme, in our view.... These liquidity boosts are not without risks. We note that they risk creating asset bubbles which when they burst can destroy wealth leading to adverse economic outcomes. Asset yields are mean reverting over long periods of time and thus historically low levels of yields in bonds, equities and real estate are unlikely to be sustained forever."- JPMorgan
Friday, September 05, 2014
It's game over: whether due to the complete domination of centrally-planned markets by a few central banks, whether as a result of HFTs forcing out all human traders and investors, whether due to volatility plunging to record lows and complacency at record highs, whether viewers simply aren't impressed by the new young, female faces that are increasingly taking over the primetime financial TV slots, because people are tired of Cramer's endless "caffeine" high and endless attempts to justify a record disconnect between manipulated record high "markets" and a stagnant economy in which some 53 million workers are "freelancers", or simply because video game consoles don't watch TV, America's interest with finance and the stock market is over.
Some observations: for the core 25-54 demo, CNBC's Business Day segment is down every month this year compared to last year, with August's 28,000 literally a step in the abyss compared to last year, as viewership plummeted by a near record 30% (with ad revenue following close behind). In fact, the last time CNBC was up in Business Day year to year was over two years ago, in July 2012.
And the punchline: this was the lowest rated month in the core demographic since February 1993! In fact, in CNBC's entire Nielsen-rated history, there is only one month in history when demo viewership was lower, back in November 1992, when demo viewership was just 1000 less at 27,000.
At this rate, in the next month or two, CNBC should make history when Nielsen reports that its viewers have dropped to a never before seen low, paradoxically enough, as the increasingly unwatched financial channel cheers on the very same market-rigging policies that are forcing retail investors to give up on anything finance-related, and crushing the station into ad-revenue and eyeball oblivion.
Thursday, September 04, 2014
Monday, September 01, 2014
If you are stupid enough to A. take them and B. entrust them to the Cloud you should get whatever carnage comes your way and relish it.
It is sort of like investors who rely on research reports from their friendly stockbroker.
And why would the FBI rush into the fray?
Don't they have like a trillion better things to do with their manpower than hustle up some porn thieves? Hell, the SEC and NSA should have enough porn to keep them satisfied until they all retire.
What a country we live in. Constitutional rights going the way of the DODO bird, criminal invaders flooding into our nation, central bank printing presses whirring at the speed of sound and now celebrity porn theft.
If it weren't true no one would believe it.