Inequality, justice, equity--modern society struggles with these values, and the media, politicians, economists, and artists address income and inequality as if it's a new issue. Anyone who reads the Bible or even Charles Dickens knows these issues have been part of human society throughout recorded history. At common law, judges developed the concept of equity to do the right thing.
The elite propose income transfer schemes and government control designed to protect and insulate the elite and keep the poor indebted to them. Some of the worst abuses have been inflicted on Native Americans or American Indians.
Now the elite have incurred massive debts that leave entire nations (and their citizens) vulnerable to a different kind of rule of equity--domination by creditors, foreign and domestic.

Wednesday, October 29, 2014

The Coming Deluge


As forecast in my novel, The Rule of Equity, the United States is facing a deluge of foreign investment. China has $4 trillion in foreign exchange reserves. The thousands of millionaires in China have tremendous incentive to acquire foreign assets.

I know several people who have been involved with the EB-5 visa program (U.S. visas issued to foreigners who invest more than $500,000 in America). About 85% of these visas are issued to Chinese investors. Chinese investors are buying up residential real estate throughout the U.S., especially along the west coast but also in other areas, as I've discussed before.

This article discusses one aspect of the issue--how Chinese investors need American assistance to wisely invest $2 trillion here in the next decade!

Excerpt: "The recent $1.95 billion acquisition of the iconic Waldorf Astoria Hotel in New York by a private Chinese insurance company, Anbang, grabbed news headlines around the U.S. What attracted attention was not just the price paid by the Chinese investor ($1.95 billion was the highest price paid for an existing hotel in the U.S.), but the identity of the purchaser, China’s eighth-largest insurance conglomerate, owned by the grandson-in-law of the late Chinese leader Deng Xiaoping.
As with other high-profile Chinese deals (such as Shuanhui’s acquisition of Smithfield Foods for $4.7 billion in May 2013), the Waldorf Astoria transaction raises important business and policy questions: what is driving Chinese foreign direct investment (FDI) and what is the best response to this important development?"

Friday, October 24, 2014

Federal government subsidizes billionaires buying land

The 124,000-acre Broken O Ranch near Augusta, Mont., was listed for $132.5 million and purchased in 2012 by billionaire Stan Kroenke.

The Fed is not only enriching the elite by boosting the stock market, but its low interest rates are helping billionaires buy up huge ranches from struggling farmers and ranchers.
Excerpt: "A boom in the oil and gas industry and current 2% interest rates on ranch mortgages are also fueling big land grabs."

Yet another example of how wealth and income inequality is being entrenched for future generations.

Excerpt: "Michael Hewatt, a member of the D.R. Horton board, says the company will use it much like it does the two large ranches it owns in Texas: as a place to entertain brokers, bankers and other D.R. Horton vendors. “It’s a perk for the people we work with,” he says. He also says the ranch is a “good investment for the long term.” Mr. Horton has also personally purchased large parcels of ranch land in Texas and New Mexico, according to public records."

More fun: "A major ranch purchase also comes with bragging rights. Many of the bigger properties are known as “legacy” ranches in part because buyers want to stake their claim in history. These ranches stand out for their size, unusual location or a unique feature, says Eric O’Keefe, editor of the Land Report, which publishes an annual ranking of the largest 100 private landowners in the country. To make that list requires owning 100,000 deeded acres or more.
Billionaire Stan Kroenke, who owns the St. Louis Rams and soccer’s Arsenal F.C., bought a roughly 124,000-acre ranch in 2012 near Augusta, Mont., listed for $132.5 million by the estate of William and Desiree Moore, the late co-founders of Kelly-Moore Paints. Called the Broken O Ranch, Mr. Kroenke’s purchase elevated him on the Land Report’s list of largest landowners, where he currently holds the No. 9 spot. Mr. Kroenke didn’t respond to a request for comment.Liberty Media Chairman John Malone remains at the No. 1 spot on the Land Report’s 2014 list, with 2.2 million acres."

Thursday, October 2, 2014

Navajo settlement finalized

On Sept 28, 2014, the feds paid $554 million to settle a lawsuit by the Navajo Nation asserting that the federal government mismanaged tribal funds and natural resources. 
Here's what AZCentral had to say:
Six things you need to know about the settlement:
  • U.S. Secretary of the Interior Sally Jewell, Navajo Nation President Ben Shelly and other federal and tribal officials are scheduled to attend the signing event, which marks the largest settlement ever paid by the federal government to an Indian tribe.
  • The dispute stems from charges that the federal government failed to manage, invest and account for tribal funds and resources in relation to the exploitation of oil, gas and other minerals. The tribe has more than 14 million acres of trust lands used to produce revenue.
  • The Navajo Nation is the most populous Native American tribe in the United States, with more than 300,000 members. It has the largest reservation in the country, encompassing more than 27,000 square miles in Arizona, New Mexico and Utah. It is larger than 10 of the 50 states.
  • Under the agreement, the Navajo Nation will dismiss its lawsuit against the federal government and forgo further litigation regarding the federal government's past management and accounting of Navajo funds and resources held in trust by the United States. The Navajo Nation and the federal government also pledged to improve communication concerning funds and resources in the future.
  • Shelly, the tribal president, plans to hold town hall meetings with tribal members around the reservation to get direction about how to use or disburse the settlement money.
  • The settlement is one in a series of similar actions. The federal government reached settlements with 41 tribes for about $1 billion in April 2012, and with almost 40 other tribes for a combined $1.5 billion since then. The federal government currently is involved in discussions with yet more tribes on cases that are still pending. And in an unrelated case, the Justice Department announced in April that a private mining concern would pay the Navajo Nation nearly $1 billion to clean up roughly 50 abandoned uranium mines on tribal lands.

Wednesday, July 30, 2014

Cobell settlement

Those who have read the book are somewhat familiar with the Cobell settlement. Here's an update on what is actually happening. 

Cobell Land Buyback Just a Dangling Carrot

Read more at:

Excerpt: Well, now we are finally in the midst of the Cobell Land Buy Back Program (“LBBP”) implementation, I’m wondering “did anything really happen? Cobell settled for $3.4 billion, including stipends for the lead plaintiffs, copy.9 billion for the LBBP to be used by tribes to acquire “highly fractionated interests” in individual Indian lands, attorney and consultant costs capped at copy00 million, and copy.4 billion to Individual Indian Monies account owners. Wow, $3.4 billion was awarded and a maximum of copy.4 billion to be distributed to the class members and now turning into a question of when will it actually happen. Individual Indians are having carrots dangled in front of them only to have it jerked back and rescheduled.

For the BIA's perspective:

Thursday, July 10, 2014

Chinese buyers of U.S. real estate

Now Chinese buyers are dominating the high-end of the U.S. residential market.

We'll watch what happens in the next few months as China attempts to close this loophole, but ZeroHedge reports the outlook isn't good.

A few days ago we finally closed the door on any argument who the marginal buyer in the US luxury housing segment was - the answer: Chinese oligarchs, scrambling to launder their "hot" domestic money abroad (as we predicted first two years ago) and now that Switzerland is no longer a safe offshore venue where one can park cash, they picked US luxury housing as the best money laundering alternative.

This means that far from indicating a recovery, as the recent surge in the high end of the US housing segment had long been touted, all the relentless move higher in ultraluxury properties prices was simply a recycling of China's hot money, which unlike in the US, never made its way into the Chinese stock market (explaining why the Shanghai Composite has barely budged in years) and merely ended up in US real estate. If anything, this is simply another confirmation of the epic capital misallocation, and the complete lack of "trickle down" resulting from failed global central banking policies.
So now that the "who" has been answered, just one question remained: "how?"
How did millions of Chinese "buyers" manage to get tens of billions of yuan or dollars out of the mainland - a country which as is well-known has strict capital controls when it comes to individual and corporate offshore outflows? Under Chinese law, citizens are allowed take only the equivalent of US$50,000 out of the country each year: hardly enough to buy a storage closet in any of New York City's Central Park West duplexes.
Today we learn the answer and it has to do with officially sanctioned "money laundering" services by not one but two of China's largest banks: Bank of China and also Citic.

Lots more on this topic here:

Black market in Indian artifacts

“The illegal trade in artifacts is very lucrative and represents a large criminal worldwide activity. Law enforcement officials understand not only the economic but also the global cultural impact of these crimes,” said Drew Northern, FBI Supervisory Special Agent.


My comment: There are two aspects of this story that haven't been reported, or at least not emphasized, so far as I've seen. One, Mr. Miller collected these items before enactment of the laws prohibiting such collecting. Two, Mr. Miller had the last known skeleton of a Native American giant, which will likely never be seen again.

Map of tribal nations before Columbus

Nice map of the locations of tribal nations in North America before Columbus arrived.

Monday, July 7, 2014

More illegal immigrants from China

Among the "OTMs" (meaning, Other Than Mexicans) who are entering the United States without documentation are many Chinese-born people. INS has even put up signs in English, Spanish, and Chinese at the "rescue beacons" that give instructions to illegals on how to get help.

From an article on the topic: Since 1960, the number of Chinese immigrants arriving in America has increased each decade, according to a Migration Policy Institute report. “The Chinese born represent the second-largest immigrant group in the country (after the foreign born from Mexico) in 2010,” the report says. Chinese illegal immigrants attracted to the U.S. alongside their Central American counterparts will likely contribute to the continued growth of the Chinese immigrant population. Spratte says he’s heard rumors that Chinese juveniles might be headed his way next, but he says he has only encountered Chinese adults thus far.

Indian values

Nice piece here on Indian values. These two are especially important:

Honesty and Integrity
Out of the 500 treaties signed between tribes and the United States, none have ever been fully honored. History proves that at the time of contact, Native nations couldn’t even imagine such dishonesty.
Natural Law
Americans don’t understand the meaning of life, and buy lots of books on the subject. Depression and disconnectedness are the result of not understanding the world in a spiritual manner. A relationship with Creator, appreciation for humility, and the ability to make the most of one’s journey in preparation for the next world, gives meaning to life.

See all 9 Things America Needs to Understand About Native Values here:


China's military thinks it can defeat U.S.

Interesting comments about the PLA (People's Liberation Army) and its thinking about the U.S. military. This writer thinks the PLA is wrong because of American nuclear submarines, but note the following article that discusses the Chinese focus on their own nuclear submarines. 

[A]fter two decades of sustained military modernization, the Chinese military has fundamentally changed its strategy in just the last year or so. According to Fuell, recent writings by PLA officers indicate "a growing confidence within the PLA that they can more-readily withstand U.S. involvement."
The preemptive strike is off the table — and with it, the risk of a full-scale American counterattack. Instead, Beijing believes it can attack Taiwan or another neighbor while also bloodlessly deterring U.S. intervention. It would do so by deploying such overwhelmingly strong military forces — ballistic missiles, aircraft carriers, jet fighters, and the like — that Washington dare not get involved.
The knock-on effects of deterring America could be world-changing. "Backing away from our commitments to protect Taiwan, Japan, or the Philippines would be tantamount to ceding East Asia to China's domination," Roger Cliff, a fellow at the Atlantic Council, said at the same U.S.-China Economic and Security Review Commission hearing on Jan. 30.
Worse, the world's liberal economic order — and indeed, the whole notion of democracy — could suffer irreparable harm.

Rising red tide: China’s Navy in frenzy to build new nuclear-powered attack subs

China's military is investing heavily in advanced submarines, including both ballistic and cruise missile firing vessels and attack subs.
Recently, Beijing showed off what appears to be a mock-up of its next-generation nuclear-powered attack submarine, according to veteran military analyst Rick Fisher.

Read more:

Dollar gone within 6 years

Mike Maloney, monetary historian and founder of precious metals broker, believes "the fiat US dollar is in its last years as a viable currency. He sees its replacement as inevitable in the near term -- as in by or before the end of the decade."
See the interview here:

Thursday, July 3, 2014

Tribal Economic Development Council

This is an excellent idea:

American Indian leaders and Native-focused legislators are pushing President Barack Obama to use his executive powers to establish a tribal economic development council made up of actual tribal leaders.
Such a move, say advocates of the seemingly common-sense idea, would illustrate that Obama and his administration are serious about creating an overarching economic plan for Indian country, and it would put more weight behind a series of disjointed initiatives his team has already offered... 


Monday, June 30, 2014

Bison Comeback

The Interior Department is committed to restoring bison, a step in the right direction.

WASHINGTON – The Department of the Interior today released a comprehensive report on bison conservation and management that reaffirms the commitment to work with states, tribes and other partners to promote the restoration of bison to appropriate and well-managed levels on public and tribal lands.

“The Interior Department has more than a century-long legacy of conserving the North American bison, and we will continue to pursue the ecological and cultural restoration of the species on behalf of the American public and American Indian tribes who have a special connection to this iconic animal,” said Secretary of the Interior Sally Jewell.

Friday, March 7, 2014

China's economic crash

Zerohedge is reliably pessimistic, but this post on China's debt includes a lot of useful references. The comments are great, too.

China Is Crashing … As Predicted

George Washington's picture

Tuesday, March 4, 2014

China's "ultimate stealth weapon"

Today I received an email from "S&A Research" purporting to disclose a plan by China. Maybe they're referring to the plot outlined in The Rule of Equity?

Here's the text:

China is getting ready to reveal a big secret.

One of the world’s most reputable weekly news magazines called it the Communist country’s “ultimate stealth weapon.”

We’ve taken dozens of trips to Asia investigating this situation… and found the details in little-known documents that must be published – by law – in Hong Kong (a Chinese territory).

What China reveals will almost certainly embarrass the United States, and could destabilize our country in various ways. Long-term, it will affect your investments, the value of your home, and your ability to have a secure retirement.

We believe the announcement could be coming as soon as April 2014.

Tribes meet with foreign governments

As described in the novel The Rule of Equity, American tribes are developing direct relationships with foreign countries. Here's how the latest effort has been reported:
A Native American delegation representing 17 tribes from at least 10 U.S. states met with the Turkish government last week to open trade ties with the lure of tax incentives for operating in sovereign nations, reports the Associated Press.
In an ongoing effort to forge global partnerships, in turn creating jobs and new businesses in Indian Country, Native American businessmen have reached out to Chinese, Spanish and Australian companies. The meeting in Turkey marked the tribal leaders’ first significant overseas trade meeting, the delegation told AP.


Mazacoin and tribal currency

The Traditional Lakota Nation has adopted a crypto-coin (a version of Bitcoin) ad a sovereign national currency. Here's how they explain it:

MazaCoin is an all new fork of the ZetaCoin project that branched from BitCoin. MazaCoin is the Official National Currency of the Traditional Lakota Nation

As a Crypto-Currency, MazaCoin is uniquely qualified to hold and preserve the wealth of a sovereign nation. The forward looking and courageous decision of the Traditional Lakota Nation to adopt a Crypto-Coin as their national currency will pave the way for other countries in the world to abandon out-dated and dysfunctional forms of fiat currency. MazaCoin will create an economic foundation upon which theTraditional Lakota Nation can build lasting wealth and prosperity for their people. And MazaCoin will take it's place in the world of Crypto-Currency as a solid Alt Coin backed by the unique legacy of an ancient culture and nation. MazaCoin is another historical first in the grand renaissance of money that is the Crypto-Currency revolution. The entire world will benefit from MazaCoin, and all are welcome to join our community. 

Indian Country Today has a Q&A on this development here.

Thursday, February 20, 2014

Ten Overdue Headlines

Indian Country Today published an article about ten headlines they'd like to see. Many of them come true in the novel, The Rule of Equity. 

What do you think? Would you like to see these headlines?

Here they are:

1. President Obama Forces Government to Honor All Treaties
In a stunning move by the President Barack Obama has decided to honor all of those old Native American treaties created throughout history. President Obama also told all of those affected Native Americans, “to get ready to move back to your ancestral lands, get paid back for all of those resources used over the years and check all of your mailboxes tomorrow for a big, fat check.”
2. Snyder Agrees Redskins is Offensive

3. US Department of Education Agrees to Teach True History

4. Native American Stereotypes and Misappropriation Video Gets 7 billion Hits

5.  ‘Stop Trying to Be Native American’ Hipster Movement Takes Over 

6. Notorious Social Media Commenter Apologizes for Anti-Native Comments

7. Native American Heritage Month Will Be Honored on National TV and Popular Sites

8.  State Governors Agree to Stay Out of Tribal Affairs

9.  Columbus Day Cancelled—Now Native Americans Day

10.  Redskins, Chiefs and Braves to Participate in Change the Mascot Day


Monday, February 17, 2014

President Andrew Jackson

In 2012, Indian Country Today published an article on the five worst U.S. Presidents. Andrew Jackson topped the list. This is no surprise, given his reputation as a slave owner, Indian killer, and proponent of Indian removal. What is a surprise is that his statue continues to dominate Lafayette Park, across the street from the White House. From this perspective, you can see both the White House and the Washington Monument. Why not move this statue somewhere else? 

The novel The Rule of Equity features this incongruity and the message it continues to send to American Indians.

Here's an excerpt from the article:

Andrew Jackson:A man nicknamed “Indian killer” and “Sharp Knife” surely deserves the top spot on a list of worst U.S. Presidents. Andrew Jackson “was a forceful proponent of Indian removal,” according toPBS.Others have a less genteel way of describing the seventh president of the United States.
“Andrew Jackson was a wealthy slave owner and infamous Indian killer, gaining the nickname ‘Sharp Knife’ from the Cherokee,” writes Amargi on the website Unsettling America: Decolonization in Theory & Practice.

In 1830, a year after he became president, Jackson signed a law that he had proposed – the Indian Removal Act– which legalized ethnic cleansing. Within seven years 46,000 indigenous people were removed from their homelands east of the Mississippi. Their removal gave 25 million acres of land “to white settlement and to slavery,” according to PBS. The area was home to the Cherokee, Creek, Choctaw, Chickasaw and Seminole nations. In the Trail of Tears alone,4,000 Cherokee people died of cold, hunger, and disease on their way to the western lands.

To add insult to injury, Jackson is featured prominently on the $20 bill. When the Treasury redesigned the bill for 2006, they made his image even bigger. My question: Why not remove Jackson from the $20 bill? 

2006 Series $20 bill

1995 Series $20 bill

1929 Series $20 bill