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, 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...