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, January 30, 2015
From where I sit if you want to determine the health of the economy look at a chart of West Texas Intermediate Crude.
Thursday, January 29, 2015
Wednesday, January 28, 2015
As of January 1, 2015, a 529 plan account owner may make Investment Option changes TWICE per calendar year or upon the change of a beneficiary.
Prior to January 1, 2015, an account owner was only permitted to make an Investment Option change ONCE per calendar year or upon a change of beneficiary.
Tuesday, January 27, 2015
I wonder when Amazon will be delivering dope with Drones in Colorado? Come to think of it maybe it is the easiest way to have new golf clubs delivered to the Golfer-in-Chief.
I doubt if shotguns would work to stop a droning but come to think of it, it also might be awful tough to have a shooter at the ready at 3:08 am with his load of 3.5 inch BBB ready to unload!
In the end, if drones are outlawed remember only outlaws will have drones.
Technology is changing folks. Drone on!!!
Thursday, January 22, 2015
Wednesday, January 21, 2015
I feel I can do more.
Over the past three years, we have worked diligently to improve the overall quality of health care for Cherokees. Providing world-class health care in a timely manner has been our priority from the day I took the oath of office, and today we take another giant leap in serving that level of care to our citizens.
We were notified this week that Cherokee Nation was selected for the Joint Venture Construction Program with the Indian Health Service. Under the program, tribes that build health care infrastructure can receive federal funding for decades to assist with staffing and operations. This means our new hospital campus at W.W. Hastings in Tahlequah will receive an additional $20 to $30 million per year for at least 20 years, and quite possibly many more decades beyond that.
A new state-of-the-art facility in Tahlequah is now closer than ever before and will be among the finest health care facilities in all of Indian Country. The additional $20 to $30 million will support our citizens and all American Indians who seek quality care, by funding more doctors and more equipment and providing more services than ever. Under the partnership, IHS will pay the salaries of our talented health care providers, increasing the size of our medical staff faster than would have been possible otherwise. Construction should begin very soon.
This partnership with IHS will improve the health outcomes of Cherokees for the next two to three generations and beyond. Thanks to this program, our grandchildren and even their grandchildren will be healthier and happier than we could have ever imagined just a few years ago.
The Cherokee Nation is the largest tribal health care system in the country. We service more than a million patient visits annually and have more than 130,000 active charts. That’s quite a strain for any health system, and has been a strain on W.W. Hastings in particular. Built 30 years ago to serve 65,000 outpatient visits each year, Hastings now serves more than 400,000 outpatient visits annually. To put that in perspective, the current size of Hastings is one-third of the size needed to adequately serve our population. It’s not difficult to see that it is a health system in danger of cracking if something isn’t done right away. We saw that, and we took action.
The door was shut tight on this IHS Joint Venture program just a few years ago, and it did not appear as though it would be reopened. But our Cherokee Nation Government Relations and Health Services groups lobbied IHS and congressional leaders to open the process and let us prove that we could be good partners in providing the best health care possible to Native Americans in our area. I testified before Congress, pleading with them to give us this opportunity. We met with leaders on Capitol Hill for two years, and our hard work paid off.
The Joint Venture program was reopened for all tribes to apply, and our staff here at Cherokee Nation worked diligently to ensure our application was the most viable and successful plan of action. I cannot underscore enough how important this team’s hard work was in making this day a reality, and I’m so grateful to the congressional leaders who signed on to give us a shot at this partnership. After all the dust settled from two years of phone calls, visits, congressional testimony and so much work on the ground, we learned that our application was selected in the top three from a pool of 37 applicant tribes. We were over the moon.
I believe IHS saw that we had already committed $100 million from tribal casino profits to construct this health facility and other clinics, and they knew we were serious about rebuilding our aging health care infrastructure. I believe they saw Cherokee Nation as a good bet, putting our money where our mouth is. All the hard work was worth every moment, to improve the lives of our fellow Cherokees.
It’s a great time to be Cherokee, and we have much to be proud of. We’re experiencing a true renaissance in the Cherokee Nation, ushering in an era of sweeping changes in health care and making decisions that will have a ripple effect for generations to come. It truly doesn’t get better than this.
God bless all of you, and God bless the Cherokee Nation.
Chief Bill John Baker
Tuesday, January 20, 2015
What a picture of waste and corruption.
Led and delivered by lobbyists. Six years into this Administration, nearly 8 trillion deeper in debt.
It can't get much better than that. Just how many people can they fool is the real question.
Monday, January 19, 2015
#1 American families in the middle 20 percent of the income scale now earn less money than they did on the day when Barack Obama first entered the White House.
#2 American families in the middle 20 percent of the income scale have a lower net worth than they did on the day when Barack Obama first entered the White House.
#3 According to a Washington Post article published just a few days ago, more than 50 percent of the children in U.S. public schools now come from low income homes. This is the first time that this has happened in at least 50 years.
#4 According to a Census Bureau report that was recently released, 65 percent of all children in the United States are living in a home that receives some form of aid from the federal government.
#5 In 2008, the total number of business closures exceeded the total number of businesses being created for the first time ever, and that has continued to happen every single year since then.
#6 In 2008, 53 percent of all Americans considered themselves to be “middle class”. But by 2014, only 44 percent of all Americans still considered themselves to be “middle class”.
#7 In 2008, 25 percent of all Americans in the 18 to 29-year-old age bracket considered themselves to be “lower class”. But in 2014, an astounding 49 percent of all Americans in that age range considered themselves to be “lower class”.
#8 Traditionally, owning a home has been one of the key indicators that you belong to the middle class. So what does the fact that the rate of homeownership in America has been falling for seven years in a row say about the Obama years?
#9 According to a survey that was conducted last year, 52 percent of all Americans cannot even afford the house that they are living in right now.
#10 After accounting for inflation, median household income in the United States is 8 percent lower than it was when the last recession started in 2007.
#11 According to one recent survey, 62 percent of all Americans are currently living paycheck to paycheck.
#12 At this point, one out of every three adults in the United States has an unpaid debt that is “in collections“.
#13 When Barack Obama first set foot in the Oval Office, 60.6 percent of all working age Americans had a job. Today, that number is sitting at only 59.2 percent…
#14 While Barack Obama has been in the White House, the average duration of unemployment in the United States has risen from 19.8 weeks to 32.8 weeks.
#15 It is hard to believe, but an astounding 53 percent of all American workers make less than $30,000 a year.
#16 At the end of Barack Obama’s first year in office, our yearly trade deficit with China was 226 billion dollars. Last year, it was more than 314 billion dollars.
#17 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it is over 101 percent.
#18 The U.S. national debt is on pace to approximately double during the eight years of the Obama administration. In other words, under Barack Obama the U.S. government will accumulate about as much debt as it did under all of the other presidents in U.S. history combined.
#19 According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.
#20 The poverty rate in the United States has been at 15 percent or above for 3 consecutive years. This is the first time that has happened since 1965.
#21 From 2009 through 2013, the U.S. government spent a whopping 3.7 trillion dollars on welfare programs.
#22 While Barack Obama has been in the White House, the number of Americans on food stamps has gone from 32 million to 46 million.
#23 Ten years ago, the number of women in the U.S. that had full-time jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin. But now the number of women in the U.S. on food stamps actually exceeds the number of women that have full-time jobs.
#24 One recent survey discovered that about 22 percent of all Americans have had to turn to a church food panty for assistance.
#25 An astounding 45 percent of all African-American children in the United States live in areas of “concentrated poverty”.
#26 40.9 percent of all children in the United States that are living with only one parent are living in poverty.
#27 According to a report that was released late last year by the National Center on Family Homelessness, the number of homeless children in the United States has reached a new all-time record high of 2.5 million.
Unfortunately, this is just the beginning.
The incredibly foolish decisions that have been made by Obama, Congress and the Federal Reserve have brought us right to the precipice of another major financial crisis and another crippling economic downturn.
So as bad as the numbers above are, the truth is that they are nothing compared to what is coming.
We are heading into the greatest economic crisis that any of us have ever seen.
Saturday, January 17, 2015
The following is reprinted from 2009. The great work done by the Human Rights Watch on the criminal conduct toward the Lower Brule citizens is one small step in Indian Country and unfortunately HRW does not have the resources to do this great work on Tribal Council conduct on reservations from Montana to Wisconsin. In my short 20 years of experience working in Indian Country and having lived across Indian Country since 1965 this goes on in the majority of reservations. Yes, majority, not minority. Believe it.
Saturday, September 12, 2009
There are many questions that Lower Brule Sioux tribal members need to be asking. Here's some for the Lower Brule Sioux membership to bring to the next Council meeting.
What independent firm or advisory shop did the due diligence on the Westrock transaction? What is the experience of the firm that did the due diligence? What were the terms of the transaction? How do we know we got the best price for the Tribe? How was the deal structured? If the deal was purportedly in the works for three years did we or did we not "pay up" for the "new" institutional trading desk and asset management unit that was started a month ago? Why did we a buy a small Broker-Dealer based in New York instead of conducting a national search for available Broker-Dealers to buy? What ramifications will there be with insurance issues of owning a Broker-Dealer? Where will FINRA suits come into play against the firm and the Tribe with tribal sovereignty issues? Did the Tribe consider a joint venture with another Sioux tribe to cut in half the risk of the investment and further diversify into other business lines? Did the Tribe speak to the professionals at First Nations Development Institue for help on the deal? Who is looking after our investment that is independent and unbiased and A)understands the securities business B) understands the institutional trading business and C) understands the asset managment business or do we simply rely on what we are told by Westrock? What is the compliance record of Westrock with FINRA and the SEC? Given that most retail brokers gross production levels are off significantly from 2007 after the 2008 financial debacle did we agree to lower price terms over the course of the negotiations or did we wind up paying top doller for this revenue stream? What liabilities, if any, did we inherit upon closing? How can this acquisition help ALL of the Lower Brule Sioux tribal membership and why is the Tribe using brokers to help tribal members when they probably should be using fiduciaries like Registered Investment Advisory firms instead of salesmen-brokers to cut trading costs and commissions for tribal members. There are many reasons that Lower Brule Sioux Tribal members need to be careful in who they entrust their hard-earned assets.
Friday, January 16, 2015
Wednesday, January 14, 2015
Saturday, January 10, 2015
Friday, January 09, 2015
Wednesday, January 07, 2015
"French rifle for sale. Never fired and only dropped once."