Showing posts with label blackstone. Show all posts
Showing posts with label blackstone. Show all posts

Tuesday, February 14, 2017

Blackstone Stephen Schwarzman Has A Birthday.

Stephen Schwarzman had a birthday party for his 70th. He spent $10 million . It was in Palm Beach , Florida. The theme was Silk Road. It had camels, Mongolian and Japanese dancing women.We know Schwarzman as the billionaire founder of Blackstone. It's the money manipulating private equity firm that creates wealth out of debt. That's akin to wearing diapers all the time. One doesn't go to the bathroom publicly but at some point the mess has to be cleaned up in private.But then the private moment becomes public and nobody is fooled any longer.Schwarzman bought his 34 room 17,000 square foot duplex 740 Park Avenue digs in Manhattan from the late Saul Steinberg.He was the wonder kin who also parlayed debt to create the highly leveraged computer leasing company LEASCO. He parlayed that to acquire 150 year old Reliance Insurance. He tried to parlay that to buy Disney and/or Chemical Bank. Neither worked out. Chemical Banks tussle with Steinberg was the beginning of the end.Banks don't want to be taken over by debt. That's their own game.Long story short Steinberg went broke and then died in 2012.Steinberg had a birthday party many years prior to the collapse of his debt ladened empire.. It was indeed similar to Schwarzman's lavish conspicuous bash. Saul famously was quoted as telling one or two guests at his party "If I could I would short me."I'm sure that shorting S. Schwarzman is the furtherest thing from Schwarzman's mind. Saul died when he was 73.Saul and Stephen have the same initials!

Tuesday, October 21, 2014

Blackstone And Uganda Dams: Ebola Hope

Blackstone Group LP raises money from wealthy individuals.It invests in most anything.Uganda has some of the last untouched jungles on the planet.Blackstone contacts Uganda government reps and offers its services. I.E. We got money what do you want? Uganda says how about funding a dam project? We need electricity.We will donate the property.You arrange financing. When electricity flows we will pay you back with interest.Blackstone in far away New York nods yes and pushes some input keys on a computer . Voila! Out comes a fully detailed agreement. Work starts and the Ugandan jungle is partially demolished by huge earth moving equipment.Animals and fish are dislocated forever. Blackstone in far away New York through the alchemy of money has created wealth for partners at the expense of serenity and beauty in the jungle.Recently Ebola reached U.S. shores. It's a kind of revenge.The western backed help to African nations with antibiotics created over population on the African continent.Those alchemical people need food. That's how Ebola crept into the population.The alchemical people ate mammals that they should not have.Hence Ebola.It's a start.

Wednesday, October 02, 2013

How About Blackstone Group Or Carl Icahn Or Other Private Equity & Hedge Fund Operators Organize Foreign Holders Of U.S. Debt For Restructure Of U.S. Government

It happens every day. Whether it be Blackstone or Icahn or some other raider takes a significant position in stock or bonds of targeted companies and then demands management unlock value or enhance safety of investment by changing management or management style.Does the United States Government need some demand that it reduce it ruinous ways? Yes. Our government has about $16 trillion in outstanding debt. Seventy percent of that debt is held by individuals, corporations and governments around the world.The U.S. is in danger of default. It's a circumstance that is perfect for a private equity group or many groups to organize the debt holders to demand responsible actions by our executive and judicial and legislative branches . Real time adjusting markets are not accurate. The Federal Reserve policy of buying its own debt at a $85 billion per month clip resembles market manipulation and is thus effectively criminal and jeopardizes bond holders investments. The mere mention of such a group organizing would plunge the government market initially but would force our congress to act in a prudent way. The group would tip the balance to favor consrevative approach to our government. It may be the only way to break the duopoly of Dems and Reps.