Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.Tuesday, November 29, 2011
How the U.S. Will Become a 3rd World Country (Part 2) / Politics / US Politics
The United States is quickly coming to resemble a post industrial neo-3rd-world country. Unemployment, lack of economic opportunity, falling real wages and household incomes, growing poverty and increasing concentration of wealth are major trends in the U.S. today. Behind these growing problems are monetary inflation created by the Federal Reserve’s monetary policies, federal government deficit spending and the dominant influence of “too big to fail” banks and large corporations in Washington D.C., which has altered the direction of law in the United States. To make matters worse, the U.S. government faces a historic fiscal crisis.
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Monday, November 28, 2011
Ron Paul on the Folly of Economic Sanctions / Politics / US Politics
Many people have the misconception that sanctions are an effective means to encourage a change of behavior in another country without war. However, imposing sanctions and blockades are not only an act of war according to international law, they are most often the first step toward a real war starting with a bombing campaign. Sanctions were the first step in our wars against Iraq and Libya, and now more sanctions planned against Syria and Iran are leading down the same destructive path.
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Monday, November 28, 2011
Bankers Have Seized Control of Europe, Goldman Sachs Has Taken Over / Politics / Eurozone Debt Crisis
On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from Greece, Italy, and Spain must accept part of the cost of their bailout by writing off some of the debt. The private banks want to avoid any losses either by forcing the Greek, Italian, and Spanish governments to make good on the bonds by imposing extreme austerity on their citizens, or by having the European Central Bank print euros with which to buy the sovereign debt from the private banks. Printing money to make good on debt is contrary to the ECB’s charter and especially frightens Germans, because of the Weimar experience with hyperinflation.
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Monday, November 28, 2011
Extreme Eurozone Disruption? Peril Threatens Financial Globalisation? / Politics / Eurozone Debt Crisis
1. The crisis in the Eurozone has reached fever pitch as all the alarm signals have gone on red alert in the bond markets;
2. Italian bond yields at a record of nearly 8% coupled with German bund yields above those of the US and the UK, suggest that the entire core of the Eurozone is now infected;
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Monday, November 28, 2011
U.S. Foreclosure Fraud in a Nutshell, How Average Joe's Home Was Stolen / Politics / US Housing
Bill Butler writes: The untold story in the foreclosure crisis unfolding across America is that, following a foreclosure perpetrated by one of the October 2008 Bailout Banks (e.g. Bank of America, Citibank, JPMorgan, Wells Fargo) Fannie Mae or Freddie Mac suddenly appear as the record owner of Average Joe’s home. These federal government sponsored entities then go into local housing court and get a court order authorizing them to evict Joe. If Joe resists, these supposedly charitable institutions obtain a writ ordering the local sheriff to forcibly remove Joe from his home.
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Sunday, November 27, 2011
The Mega Banks Seizing Control of Europe / Politics / Eurozone Debt Crisis
In Europe each time a new player is presented we find he is a Goldman Sachs’ alumnus. Recent entries are Mario Monti “appointed” PM of Italy, Lucas Papademas “appointed” PM of Greece and Mario Dragahi “appointed” President of the European Central Bank. The banks blatantly control governments and agencies presenting us with an oligarchy, which controls most of the nations on the planet. In America politicians are bought and paid for. In Europe there is a different mind set, a shared worldview of bureaucrats, technocrats, politicians and the elite bankers of world government and domination. What has happened in this process is that Goldman Sachs, JPMorgan Chase and other mega-banking has retained power for decades. They control all the players in the field, so the outcome is always in their favor. The bankers and others in turn are paid via billions of dollars in bonuses. Banks are now bank holding companies having become that to avoid failure as brokerage firms. That is the case in the US, UK and Europe.
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Sunday, November 27, 2011
American's Comfortably Numb on the Highway to Economic Collapse / Politics / Great Depression II
As I observe the zombie like reactions of Americans to our catastrophic economic highway to collapse, the continued plundering and pillaging of the national treasury by criminal Wall Street bankers, non-enforcement of existing laws against those who committed the largest crime in history, and reaction to young people across the country getting beaten, bludgeoned, shot with tear gas and pepper sprayed by police, I can’t help but wonder whether there is anyone home. Why are most Americans so passively accepting of these calamitous conditions? How did we become so comfortably numb? I’ve concluded Americans have chosen willful ignorance over thoughtful critical thinking due to their own intellectual laziness and overpowering mind manipulation by the elite through their propaganda emitting media machines. Some people are awaking from their trance, but the vast majority is still slumbering or fuming at erroneous perpetrators.
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Sunday, November 27, 2011
New Chaos And Old Versailles: Is This Guided History ? / Politics / Global Debt Crisis
Everybody knows that Keynes' first (some would say only) claim to fame was to argue that Kaiser Germany's war debt reparations following the 1914-18 war were too high and should be struck down. In modern parlance this is called debt write down and economic bail out by an accelerated turn of central bank money printing presses, and the play of institutions partly-proposed or invented by Keynes, the IMF and Bank for International Settlements (BIS).
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Saturday, November 26, 2011
Next Stop The Sustainable Society / Politics / Social Issues
No longer in the realms of North Korean thinking, the near term prospect is that the runaway train of late stage, financially engineered consumer capitalist culture will hit the debt and deficit buffers and will stop, dead. Fear rules. Mainstream media in Europe continues to wave the scarecrow-with-a-skull of the Eurozone imploding, the euro disappearing, the European Union collapsing. Los Indignados and anti-nuclear crazies will link up with Al Qaeda and show open disrespect to everything from WalMart and McDonalds to friendly smiling atoms. Tahrir Square is the new Global Village. Gloom and doom.
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Saturday, November 26, 2011
Black Friday Shopper-on-Shopper Violence, Best Indicator U.S. Economy is Alive and Well / Politics / Social Issues
I’m very relieved to hear of the various incidents of violence brought on by the "doorbusters" and other Black Friday-related narco-shopping come-ons. This mad rush to buy garbage is the single best indication we have that America’s consumers (and the economy that belongs to their appetites) are alive and well.
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Saturday, November 26, 2011
NATO Kills 28 Pakistani Troops, Pakistan Army Prepares for Border War / Politics / Pakistan
PTI Submits: At least 28 Pakistani soldiers were killed today when NATO helicopters and combat jets fired on two border posts in the country's northwest, prompting army chief Gen Ashfaq Parvez Kayani to direct his troops to prepare for ''an effective response'' even as authorities cut off all supplies for US forces in Afghanistan.
Saturday, November 26, 2011
Europe is Falling Apart, ECB to the Rescue? / Politics / Eurozone Debt Crisis
Markets closed today. And not much from us either. We’ve got family chores to attend to.
As expected, Europe is falling apart. Yields are rising. France’s debt no longer looks safe. And Germany can’t sell its bonds.
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Saturday, November 26, 2011
The Hallmark of the Fed is Duplicity, or, What’s Risky is Safe / Politics / US Debt
Tom Foolery at Its Finest: The Truman Show Redux : The purpose of this paper is to highlight how hegemonic American economic doctrine has infected global economics in creating a surreal plutocratic corporatocracy, or in other words, what’s black is white, what’s up is down, what’s safe is risky, you get the idea!
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Friday, November 25, 2011
End Of The Road For Kyoto / Politics / Climate Change
The Kyoto Treaty is threatened by an ever rising groundswell of outright rejection. Limits on CO2 and other greenhouse gas emissions may lapse before end-2012. This will above signal the end to the easy money for emission permit traders, brokers and investment bankers playing a small but profitable market in a huge range of complex "carbon related and derived products". Estimated at around $142 billion a year, the market designed to cap CO2 and other GHG emissions, linked to burning fossil fuels, producing cement, deforestation, urbanization and other land use changing activities is still defended by some, as able to "mitigate global warming".
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Friday, November 25, 2011
Could Climate Change Be The Next Catastrophic Tail-Risk-Penny To Drop? / Politics / Climate Change
As the Durban Climate Change conference wheezes into obscurity with memories of a bunch of what the neo-cons call “balding ex-hippies” on one side; and a stack full of conveniently newly-leaked e-mails on the other…and America conspicuously absent, I am reminded of previous catastrophes.
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Friday, November 25, 2011
Low Carbon Sustainable Means a Post Industrial Future / Politics / Global Economy
The chances of the long-term future being truly postindustrial is high: as Albert Einstein said on the subject of war, industrial civilization makes it certain the third world war will be nuclear - but the fourth world war will be fought with sticks and stones. By a lot less people.
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Thursday, November 24, 2011
Australia deprives tobacco giants of their brands / Politics / Austrailia
Australia is introducing a single design model for cigarette packs of all the brands sold in the country. The respective law has been adopted by the country's parliament, and after approval by the Governor-General it may come into force. Tobacco corporations have already sent their representatives to courts, and a number of countries are observing the attempt to null the cigarette brands.
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Thursday, November 24, 2011
Goldman Sachs Trojan Horse Digs into Euro-zone / Politics / Euro-Zone
The German Christian Democratic Union (CDU) chaired by Angela Merkel urged to introduce changed in the Lisbon Treaty and other European agreements stipulating an opportunity for European countries to pull out from the eurozone. The countries would preserve their EU membership in such a move.
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Thursday, November 24, 2011
The Roads To War And Economic Collapse / Politics / GeoPolitics
The day before the Thanksgiving holiday brought three extraordinary news items. One was the report on the Republican presidential campaign debate. One was the Russian President’s statement about his country’s response to Washington’s missile bases surrounding his country. And one was the failure of a German government bond auction.
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Thursday, November 24, 2011
Be Thankful If You Were Not Born in the United States / Politics / US Politics
Being born in America at anytime between 1623 and 1970 would have been quite a stroke of luck. You would have lived in one of the freest, most productive, and because of that, most prosperous regions on Earth. Luckily, America got its heavy socialism out of the way right from the get-go.
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