the year ponzi turned high class.

tens of thousands of investors, some losing entire life savings, saw more than $16.5 billion vanish into thin air during 2009. this number trembles in comparison to madoff's $65 billion scheme in 2008; but in all there were more than 150 ponzis this year, compared to 40 last year.

by comparison, the american taxpayer by way of the federal government estimates the deficit for the current budget year will exceed $1.2 trillion, encompassing all the economic stimulus measures passed through by our overseers. as for me, what do i have? three stacks of high society in red, courtesy of the oligarchs. question: who is the real criminal amongst these scenarios?

meanwhile, the second year of the great recession looms. the worst recession since the great depression, that is. unemployment hovers at 10% [officially; closer to 20% unofficially, including underemployed and discouraged workers]. consumer debt is out of control. the american people are un-insured and under-educated, but over-charged. small businesses are finding it hard to obtain liquidity in the form of revolving lines of credit, previously used to sustain operating activities. banks have done one thing almost right--they've stopped lending to borrowers already pushed to the limit. energy futures and stocks maintain their rollercoaster motion, anticipating or wishing against a W-shaped recovery. business analysts from cnn to fbn to msnbc seem to think that somehow the american consumer/taxpayer/slave will somehow spend our way to prosperity.. what to do?

another good thing to emerge from this heaping pile of rubble we call the american economy, is the banishing of the crutch formerly known as easy credit. the era of fast money is essentially over. the millenials will be the poorest generation since 1947. we will have to revert to a time when one actually had to work to make a dollar. after unsuccessfully being able to draw equity out of real estate to begin my investing ascent to mogulhood, i've been a very angry young man. i've licked my wounds and regrouped. i'm re-upped and starting small. again. out [well, in] looking for another job. but i've got a strategy, and if you cant beat em, join em:

"money is my morals; other than that i'm soul-less." --the clipse(!)

BLK|MRKT|CAPITAL is borne.

entrepreneur: noah tepperberg.

one of my favourite past times is reading about people who've done and how they did it. my favourite entrepreneur of all time would have to be richard branson. i read his autobiography for the first time back when i was fourteen or fifteen. he was just a high school dropout with big dreams and delusions of grandeur. i plan to follow. i am sure i will have several posts featuring him in the future.

today, whilst reading about the reduction in the total number of world billionaires from 1,125 to 793 from 2008 into 2009, i stumbled upon an article about the russian paris hilton: anna anisimova. the daughter of russian metals magnate, vasily anisimov, found that her father was no longer a billionaire when the forbes list came out in march 2009. the new york city socialite had worked the social scene since aged 18 in 2004 as a student at new york university. she bought expensive real estate downtown, midtown and uptown and rented palatial properties in the posh hamptons. became friends with club owners and promoters. she is following the script left by this man: noah tepperberg. the man who made paris hilton. click the picture for the article at portfolio.com.

"the art of good business is being a good middle man." eddie temple, 2004 british film layer cake [starring daniel craig]. no matter what the product, whether the price is up or down.

2009. it was supposed to be the best of times..

i have got to admit. the last six months have been not nearly what i had planned. i think it is fair to say that 2009 is the worst year of my life thus far. no one likes you when you're twenty-three. but on the up side, the only way to go is up. i had hoped that the last six months i would be using this blog to chronicle my successes. instead, ive been rather quiet. meetings with business lawyers and accountants, bankers, clients, etc. it would have been far too depressing to have written about the many false starts. the summer was spent focusing on positive thought and reading a few 'self-help' motivational business books [success through a positive mental attitude, the success principles, think and grow rich, etc]. the only problem is the things that i have been doing have bore no fruit. so i am regrouping, saving and waiting until the credit markets loosen. they are no where near funny at the moment. ill become a mogul, yet. i will.

nouveau riche ou parvenu? c'est le meme chose..

Nouveau riche (French for "new rich"), or new money, refers to a person who has acquired considerable wealth within his or her generation.This term is generally to emphasize that the individual was previously part of a lower socioeconomic rank, and that such wealth has provided the means for the acquisition of goods or luxuries that were previously unobtainable. Often referred to as parvenu, members of the nouveau riche, are often discriminated against by the “Old Money” sects of society since they “lack the proper pedigree.” These newcomers to economic freedom are subject to even greater scrutiny from their lack of historical prestige as seen through Old Money's comments which reference new rich as “uncouth” and “uncultured.”

http://en.wikipedia.org/wiki/Nouveau_riche

this is the beginning. foundation. groundfloor. frame, supports and all that. im building an empire. one company at a time. nouveau riche llc is the holding company. im leaving hoboken, new jersey and the new york city metropolitan at the end of the week. trading the mid-atlantic northeast for the progressive hub of the south: atlanta, georgia. opportunity knocks..