Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.Sunday, August 02, 2015
It's a Wonderful Life Without the Federal Reserve Bank / Politics / US Federal Reserve Bank
MoneyMorning.com Shah Gilani writes: I have a dream. Well, I had a dream, but maybe it's never coming true, so I'll revel in my real dream.
And what a dream it was…
America had changed overnight. I didn't know what had happened, but everything was different the morning I woke up (while I was, unfortunately, still in my dream).
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Sunday, August 02, 2015
Power and Compassion / Politics / Social Issues
Time to tackle a topic that’s very hard to get right, and that will get me quite a few pairs of rolling eyes. I want to argue that societies need a social fabric, a social contract, and that without those they must and will fail, descend into chaos. Five months ago, I wrote the following about Europe:
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Saturday, August 01, 2015
The Greek Coup: Liquidity as a Weapon of Coercion / Politics / Eurozone Debt Crisis
“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972)
In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.
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Thursday, July 30, 2015
If Spending Is Our Military Strategy, Our Strategy Is Bankrupt / Politics / US Military
Mark Mateski writes: Even today, few deny the long arm of US military might. After all, the US military exhausted the Soviet Union, crushed Saddam Hussein, and drove Osama bin Laden’s al Qaeda into hiding.
To what should we attribute these triumphs? Some would say US planning and foresight. Others would mention the hard work and dedication of US soldiers, sailors, and airmen. Still others would point to the application of superior technology. All would be correct to some degree, but each of these explanations disregards the fact that for more than a lifetime, the United States has wildly outspent its military competitors.
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Thursday, July 30, 2015
The 5 Biggest Myths and Lies about the Middle East / Politics / Middle East
The more well informed you think you are about the Middle East, the more likely you are being manipulated by the media. Just because a lie or a semi-truth is repeated millions of times, doesn´t mean it´s true.
Here are the 5 biggest lies and myths about the Middle East today:
Thursday, July 30, 2015
Greece, Diversion, and the New World Order / Politics / New World Order
Raymond Matison writes:Since 2009, the world has been made acutely aware of Greece’s troubling debt problems. At that time commentators and analysts noted that its debt was too large to be paid off, yet Greece was given a multibillion dollar bailout loan. Soon thereafter another large loan was extended that further increased Greece’s previously acknowledged, unpayable debt level. If Greece was deemed unable to repay its debts of $113 billion in 2009, then six years later with a shriveling economy, capital controls, and the addition of $242 billion in additional debt (or a tripling of its debt), it is clearly even less able to repay such a sum. Even the IMF now suggests that some debt forgiveness has to be considered in order to make its debt repayable.Read full article... Read full article...
Wednesday, July 29, 2015
Ibuprofen Warning - The Pain Killer that can Kill You! / Politics / Health and Safety
In case you missed it: The FDA has just issued a warning on various prescription and non-prescription drugs that Americans ingest by the boatload. As it happens, these seemingly benign pain relievers can kill you even if you scrupulously follow the recommended dosage. But don’t take my word for it. Here’s a blurb from the FDA website:
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Tuesday, July 28, 2015
Quantum Geopolitics / Politics / GeoPolitics
By Reva Bhalla: Forecasting the shape the world will take in several years or decades is an audacious undertaking. There are no images to observe or precise data points to anchor us. We can only create a picture, and a fuzzy one at best. This is, after all, our basic human empirical instinct: to draw effortlessly from the vivid imagery of our present world and past experiences while we squint and hesitate before faint, blobby images of the future.
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Tuesday, July 28, 2015
Europe Running on Borrowed Time / Politics / European Union
“I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.”
– Romano Prodi, EU Commission president, December 2001Prodi and the other leaders who forged the euro knew what they were doing. They knew a crisis would develop, as Milton Friedman and many others had predicted. It is not conceivable that these very astute men didn’t realize that creating a monetary union without a fiscal union would bring about an existential crisis. They accepted that eventuality as the price of European unity. But now the payment is coming due, and it is far larger than they probably anticipated.
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Tuesday, July 28, 2015
Blocks of U.S. Government Incompetence / Politics / Government Spending
There were two accidents on the Schuylkill Expressway last Monday morning. You know what this meant. I had the pleasure of traveling to work on the scenic 30 Blocks of Squalor. The 30 blocks from 69th Street in Upper Darby to 39th Street in West Philly is a tribute to government incompetence, failed government policies, shoddy union labor practices and fiscal mismanagement.
This entire thirty block trek could be completed in 5 to 10 minutes if the hundreds of union government drones in the Philadelphia Streets Department would get off their fat asses and timed the lights. The blocks are identical in distance. They don't need advanced degrees in physics or calculus to set the lights to go green every ten seconds in order. They were timed in the 1970s and 1980s. Would smoothly flowing traffic be such a bad thing? Do they not care or are they really this incompetent? The first light at 61st Street was red when I arrived. It turned green and before you could touch the gas, it immediately turned yellow and red again. I wondered how long they'd allow this to go on. My guess would be days.
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Monday, July 27, 2015
Today's Anti-Capitalists Ignore the Fundamental Problems of Socialism / Politics / Social Issues
Jonathan Newman writes: Anti-market and pro-socialist rhetoric is surging in headlines (see also here, here, and here) and popping up more and more on social media feeds. Much of the time, these opponents of markets can’t tell the difference between state-sponsored organizations like the International Monetary Fund and actual markets. But, that doesn’t matter because the articles and memes are often populist and vaguely worded — intentionally framed in such a way to easily deflect uninformed attacks and honest descriptions of what they are actually saying. In the end, they can all be boiled down to one message: socialism works and is better than capitalism.
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Sunday, July 26, 2015
The Number One Lesson From Greece / Politics / Eurozone Debt Crisis
There’s arguably nothing that’s been more hurtful -in more ways than one- to Greece and its Syriza government over the past six months, than the lack of support from the rest of Europe. And it’s not just the complete lack of support from other governments -that might have been expected-, but more than that the all but complete and deafening silence on the part of individuals and organizations, including political parties.
It’s no hyperbole to state that without their loud and clear support, Syriza never stood a chance in its negotiations with the Troika. And it’s downright bewildering that this continues to get so little attention from the press, from other commentators, and from politicians both inside Greece and outside of it.
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Saturday, July 25, 2015
Immigrants Aren’t the Only Ones Who Shouldn’t Be Voting / Politics / Social Issues
Ryan McMaken writes: Much of the current immigration debate in the United States centers around the issue of “amnesty,” which is a vague term that may mean anything from “we won’t deport you” to “let’s fast-track you to citizenship and voting rights.”
From a laissez-faire perspective, the deportation aspect of amnesty — an increase in federal inaction — is one thing. The extension of voting privileges, though, is something else entirely.
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Friday, July 24, 2015
Why There's Resistance to the Iran Nuclear Deal / Politics / Iran
MoneyMorning.com Dr. Kent Moors writes: Years ago, when I was doing monthly analysis on Iran's oil and gas industry, one of the biggest quandaries was trying to make market sense out of what came from the leadership in Tehran.
Well, the past 72 hours and the July 14 Iran nuclear deal have brought me back to those days.
Back then, it was not unusual for Iran's religious and political heads to shoot themselves in the foot economically every time they opened their mouths on policy matters. And Iran remains one of the most convoluted webs of power relationships and brokerages anywhere.
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Thursday, July 23, 2015
The Stealth War on the United States / Politics / Cyber War
Sean Brodrick writes: Late last month, Sony Corp. (NYSE: SNE) suffered the most catastrophic attack EVER on a U.S.-based company.
It was so epic in scale that analysts are calling it an act of war.
More details are coming out. And it may just be the tip of the iceberg.
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Thursday, July 23, 2015
U.S., Russia: The Case for Bilateral Talks / Politics / GeoPolitics
Phone calls between relatively low-level diplomats are normally not newsworthy. But Monday's conversation between U.S. Undersecretary of State Victoria Nuland and Russian Deputy Foreign Minister Grigory Karasin on the simmering conflict in Ukraine is an exception. The bilateral nature of the conversation and its timing amid mounting claims of cease-fire violations from the Ukrainian government and separatist forces makes it uniquely significant. Moreover, it reaffirms that the evolution of the Ukrainian conflict — whether toward a settlement or toward escalation — will be most strongly shaped not by Kiev but by the actions of and relationship between Moscow and Washington.
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Wednesday, July 22, 2015
The Three Reasons Behind Iran’s Resistance to the Nuclear Deal / Politics / Iran
MoneyMorning.com Dr. Kent Moors writes: Years ago, when I was doing monthly analysis on Iran’s oil and gas industry, one of the biggest quandaries was trying to make market sense out of what came from the leadership in Tehran.
Well, the past 48 hours have brought me back to those days.
Back then, it was not unusual for Iran’s religious and political heads to shoot themselves in the foot economically every time they opened their mouths on policy matters. And Iran remains one of the most convoluted webs of power relationships and brokerages anywhere.
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Tuesday, July 21, 2015
Down with the U.S. Constitution! / Politics / US Politics
It has been quite an eventful and productive couple of weeks for the forces of statism in the former “land of the free, and home of the brave.”
The federal government’s highest court has enshrined “perversity” into law, guaranteeing untold amounts of future litigation while infringing on the right of freedom of association and, just as important, “disassociation” for those who rightly consider sodomy an abomination which wantonly mocks the Author of the natural law.
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Tuesday, July 21, 2015
The Turkish Enigma / Politics / Turkey
By George Friedman: In my "Net Assessment of the World," I argued that four major segments of the European and Asian landmass were in crisis: Europe, Russia, the Middle East (from the Levant to Iran) and China. Each crisis was different; each was at a different stage of development. Collectively the crises threatened to destabilize the Eurasian landmass, the Eastern Hemisphere, and potentially generate a global crisis. They do not have to merge into a single crisis to be dangerous. Four simultaneous crises in the center of humanity's geopolitical gravity would be destabilizing by itself. However, if they began to merge and interact, the risks would multiply. Containing each crisis by itself would be a daunting task. Managing crises that were interlocked would press the limits of manageability and even push beyond.
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Tuesday, July 21, 2015
I Am A Citizen of the World And My Religion Is To Do Good / Politics / Religion
"I am a citizen of the world and my religion is to do good," said Thomas Paine, American revolutionary and pamphleteer. He didn't use a gun; he used a pen. Like today, a tangible paradigm shift occurred that shook the foundations of the old monarchial order to clear a path for 'the rights of man'. Those rights are under fire today in America, Great Britain and the EU. Market forces have appropriated democracy for itself. The Seven Deadly Sins have become beatitudes and virtues. God died in the 1960's, said Time magazine. Today, Divinity is called Universe and Universe includes Planet Earth, should it survive.
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