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, April 29, 2017
Hey, somebody had to do it! You can't expect anyone in politics to tell the truth.
Friday, April 28, 2017
It was much nicer in many ways. Homes were kept up, fewer junk cars, roads in better shape, airport runway better kept up, better paint on about every building, Billy Mills Hall in great shape, on and on and on I could go.
I was in Pine Ridge a couple days ago. Drove around on all the roads I drove my HONDA 350 motorcycle on when in high school. Hard to believe. Really hard to believe.
If you have ever been to a communist country Pine Ridge looks like a community in a communist, socialist country! Amazing the similarities.
If you ever want to see what the United States government has done to Native Americans on an Indian Reservation head on out to Pine Ridge.
It's rough. The loss of human capital is staggering. The effects of the breakdown in family structure, the rampant addictions in the population, the effect of inflation on the standard of living, the decline in educational levels, I could go on and on and on.
Today, the little ones suffer. In so many ways. The cycle continues. The cycle of single parenting, drugs, violence and aversion to formal education.
White Clay is out of beer but Pine Ridge is not out of trouble.
Say a prayer tonight (and every night) for Pine Ridge.
It needs to heal itself.
Monday, April 10, 2017
Unfortunately this is how the world works. Taxpayers bailed out the CEO's to keep them solvent in 2008. Ten TRILLION of debt later here we sit with anemic growth. FED running up an epic disaster and nobody wants to face it. Taxpayers, they still get bent over today. Privatizing profits and socializing losses are how they do it in America today. Just ask any NFL, NBA, NHL or MLB owner who needs a new facility.
Here, United Airlines will pay a massive legal bill for the lawyers and a dandy fee to the passenger they dragged out of that jet. But who pays the bill? Future passengers with higher fares.
The real problem isn't just the overbooking. No, the real problem is dragging paying passengers off aircraft for United Airlines employees to travel to work.
Those of us in the financial markets deal with it daily. JP Morgan selling silver it doesn't own. Goldman Sachs shorting "naked" shares. Precious metal ETF's rehypothecating a thousand fold.
IPO trading abused with falsified green shoe stock. NSCC management shirking their congressional mandates to look after the financial results of their bosses. On and on and on.
It just doesn't end in the world of Wall Street.
Remember, Wall Street dislikes cell phone camera's.
Friday, April 07, 2017
He wanted to advance. The way to advance was to move when a higher paying job opportunity became available at another reservation. He moved up the ladder and we moved. Never got used to moving but don't know any different. Four high schools in four years. Not a problem. In four years of college I had another four "home-towns" where my parents lived. Not a problem.
Growing up on those reservations I was able to see the effects of addiction up close and personal. It wasn't pretty then. Isn't pretty today. Today, the lack of two parent homes, the pills, the violence, the gangs, the heroin, the lack of discipline in the family structure, the lack of role models in the work force all combine to make it more difficult for law enforcement in Indian Country. Makes it more difficult to grow up too. And toss in some social media, a government far too willing to shell out money to support generational welfare and well, you get what is today.
I had some conversations this morning about the Trump actions last evening. I laughed.
Saddam Hussein was gassing people long ago. His own people I believe. Or people he wanted to control. I don't have a clue who gasses those in Syria. Maybe the Syrian Army, maybe rebels backed by the United States, maybe the Russians. I am not paid to know and care less. War is awful ugly. And an ugly business.
I do know that Middle East engagement over a few deaths by gassing pales in comparison to what we endure daily in this country. Our country. Mine and yours. We take it hook line and sinker from the Mexican drug cartels. We bury more dead Americans delivered to us from the hands of the drug monsters in Mexico than ISIS ever could. We are still fucking around in the Middle East when the real damage to our society, OUR SOCIETY, comes at us from south of the border.
I don't think there is one single elected official with an IQ above room temperature who will admit to these clear and present dangers to America. I voted for Donald Trump to get us the hell out of the Middle East. We need no more maimed or dead American heroes flying home from the Middle East.
We need to keep up the war on drugs coming into this great nation. It's killing us.
Gotta love the action today in RTN shares. Taxpayers making it all possible!
Wednesday, April 05, 2017
Happens every day across the land.
So with that out of the way, I feel better, truth is good. Did I miss anything?
Tuesday, April 04, 2017
* Steve Mnuchin - Ex Goldman Sachs Chief Information Officer / Secretary of Treasury
* James Donovan - Ex Goldman Sachs Partner / Assistant Secretary of Treasury
* Dina Powell - Ex President of Goldman Sachs Foundation / Ivanka Trump's top Advisor on Policy
* Jay Clayton - Sullivan & Cromwell (Goldman Sachs’ law firm) / Trump's selection to chair SEC
* Gary Cohn - Ex Goldman Sachs President / Trump's Chief Economic Advisor
Probably all you need to know ............
Monday, April 03, 2017
Back in June of 2014, then CFTC Chairman Tim Massad announced the hiring of Aitan Goelman as the CFTC’s a new enforcement director. Mr. Goelman was previously a US Attorney in the Southern District of New York and appeared to be a great choice since he would be tough on enforcement. He made this statement when he was hires: