Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Sunday, May 26, 2013
Europe Can't Beat The Bubble, Past Sins And Future Debts / Politics / Eurozone Debt Crisis
By: Andrew_McKillop
BUBBLE TROUBLE
Don't fear the bubble, says Paul Krugman and his talkalikes, but Europe is dealing with another kind of bubble. Call it Bubble Politics. An unworkable Federal Europe with a single money, that nobody wants.
Bubblists say that the flood of money being poured into the global economy by the world's central banks is good, proven by asset prices of several kinds, especially stocks and shares being pumped up far beyond fundamental valuations. When (not if) these valuations revert to sanity and unwind the bubble burst could be disastrous in all manner of unpredictable ways. So what is more logical than to keep pumping and keep the party going?
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Saturday, May 25, 2013
British Government Bribing Islamic Extremists Not to Blow Themselves Up / Politics / UK Politics
By: N_Walayat
The recent events out of Woolwich reinforce my view that multiculturalism is an extremist ideology that promotes inter communal conflict rather than integration and is as a consequence of successive government objectives for the fragmenting of society into creating pools of vested interest voters.
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Friday, May 24, 2013
Real Risk of Imminent Implosion of Eurozone / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
Last weekend, a group of influential British business people published a letter in the Independent which attempts to "make the economic case" for having the UK stay in the EU. The letter of course is a reaction to unrest within PM David Cameron's Conservatives (over half of Tory backbenchers demand a referendum on the topic), as well as the rise of Nigel Farage's UK Independence Party, which in recent polls is almost as big as the Tories (which trails Labor by a mile and a half). The letter raises a bevy of interesting questions, some of which are not nearly as easy to answer as people have come to believe.
Thursday, May 23, 2013
U.S. Bogus GDP Economic Growth Statistics - More Government Manipulation / Politics / Market Manipulation
By: Money_Morning
Gary Gately writes: America's about to become more wealthy - on paper, at least.
That's because the way the country's gross domestic product, or U.S. GDP, is measured will change significantly come July 31, enough to boost the closely watched economic barometer by 3%, or $400 billion.
That translates to the equivalent of about $1,500 more worth of goods and services per person in the United States.
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Thursday, May 23, 2013
7 Reasons Not to Trust the Bernanke Testimony to Congress / Politics / US Federal Reserve Bank
By: Money_Morning
David Zeiler writes: As usual, the markets were hanging on every word of the Bernanke testimony to Congress today (Wednesday).
By now, everyone should know better.
In the years that U.S. Federal Reserve Chairman Ben Bernanke has been a member of the Fed - both as a member of the Board of Governors from 2002 to 2005, and in his two terms as chairman beginning in 2006 - he has been stupendously wrong time and time again.
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Thursday, May 23, 2013
Is the United States the Next Argentina? / Politics / US Debt
By: Money_Morning
Garrett Baldwin writes: Drive the streets of Buenos Aires, and you will see regal architecture that rivals wealthy European enclaves in Monaco or London.
And along tree-lined walkways, you will witness monuments that speak of the legacy of Argentina's finest moments.
But all of it is just a façade-a reminder of what used to be.
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Thursday, May 23, 2013
How Ben Bernanke Is Destroying Your Retiremen / Politics / Pensions & Retirement
By: Money_Morning
Martin Hutchinson writes:
Uncle Sam has an unfunded pension liability of $800 billion.
Corporate pension funds have an unfunded liability around $400 billion.
State and local pension funds have an unfunded liability in the tony neighborhood of $3 trillion.
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Thursday, May 23, 2013
The 4th Turning - Millennials Will Replace the Baby Boomers / Politics / US Politics
By: James_Quinn
A confluence of events last week has me reminiscing about the days gone by and apprehensive about the future. I’ve spent a substantial portion of my adulthood rushing to baseball fields, hockey rinks, gymnasiums, and school auditoriums after a long day at work. I’d be lying if I said I enjoyed every moment. Watching eight year olds trying to throw a strike for two hours can become excruciatingly mind-numbing. But, the years of baseball, hockey, basketball, and band taught my boys life lessons about teamwork, sportsmanship, winning, losing, hard work, and having fun. There were championship teams, awful teams and of course trophies for finishing in 7th place. As my boys have gotten older and no longer participate in organized sports, the time commitment has dropped considerably. Last week was one of those few occasions where I had to rush home from work, wolf down a slice of pizza and head out to a school function. It was the annual 8th grade Spring concert.
Thursday, May 23, 2013
Iran’s Search for a “Master of the Economy” / Politics / Iran
By: Steve_H_Hanke
Iran’s Guardian Council announced yesterday that former president Ali Akbar Hashemi Rafsanjani has been barred from Iran’s presidency poll—reportedly due to his old age and debilitating health. In recent weeks, speculation over a Rafsanjani comeback bid had spurred some optimism among Iranians who recognize that their broken economy desperately needed a jolt. Some Iranian voters have described him as a “master of the economy” and the solution to their economic woes. However, a closer look at Iran’s misery index shows just how fatally flawed this perception is.
Thursday, May 23, 2013
iAvoid - Apple's New Pay No Tax App / Politics / Taxes
By: Jeff_Berwick
There has been an angry uproar recently because Apple has hardly paid any extortion fees in the last four years on its billions in profits. Why this warrants an angry uproar and not a giant cheer for them for not supporting criminal governments is beyond us. But the slave-on-slave action has been thick on this one.
One particular comment on a mainstream site caught my attention, "If our budget geniuses in Congress would hire enough IRS agents, this stuff would stop. But our beanies are cutting IRS budgets. Mitt's servants along with Bill Gates's are doing their job."
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Thursday, May 23, 2013
Huge Discrepancy Between Investment Income and Public Liabilities / Politics / US Politics
By: Fred_Sheehan
The difficulty of institutions that need cash for payment have grown acute during the chalk-brained professors' zero-interest-rate pogrom. Insurance companies are one victim, pension plans another. Looking specifically at defined-benefit pension plans, the plan sponsor (corporation, maybe, or municipality) is obligated to pay current and future retirees a specific dollar amount from now until a spouses' death.
Thursday, May 23, 2013
Why The Petrodollar System Is Crippled / Politics / Global Financial System
By: Andrew_McKillop
BRETTON WOODS BREAKDOWN, VIETNAM AND THE GREAT SOCIETY
For Jerry Robinson (http://ftmdaily.com/documents/Preparing-for-the-Collapse-of-the-Petrodollar-System.pdf) the reasons why the so-called Petrodollar System must collapse is ultimately because the political and monetary drivers of the system date back to the fast-fading times of 1945-1971 when the the USA's global hegemony and monetary power was almost unchallenged.
Wednesday, May 22, 2013
Is Jamie Dimon Too Big to Fire? / Politics / Banksters
By: Money_Morning
Shah Gilani writes: Jamie Dimon is the 57-year old banking mogul whose been running JPMorgan Chase (NYSE: JPM) since 2005, and he decisively won a shareholder vote yesterday to keep both his chairmanship and chief executive officer (CEO) titles at the nation's largest bank.
But don't celebrate yet.
Sure, only 32.2% of shareholders voted for a proposed resolution to split the company's two top jobs. And that may sound like great news (for him) but the winner wasn't Jamie Dimon, it was the Cult of the CEO.
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Wednesday, May 22, 2013
Can Two U.S. Senators End Too Big to Fail Banks? / Politics / Banksters
By: John_Mauldin
I am often on a panel or at dinner with Barry Ritholtz (The Big Picture), and he will remark, "I am going to have to rethink my position – I agree with John, and that can't be right." While I don't share that bias, I do agree with Barry about his recent take on legislation – which might actually pass – that would deal with too-big-to-fail banks in the US. Barry's latest take on that issue is this week's Outside the Box.
I have not written all that much on the topic lately, other than to say that Dodd-Frank was designed by big banks for big banks – the best legislation they could buy, I have been very critical of allowing too-big-to-fail banks to put taxpayers at risk, and I don't think it should ever be allowed to happen again. Dodd-Frank did not deal with that.
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Tuesday, May 21, 2013
Is This Obama's "Waterloo"? / Politics / US Politics
By: Money_Morning
Shah Gilani writes: You're reading it right now.
I'm calling it WII (WHY?), which stands for Washington Insights & Indictments.
Enjoy it.
It's likely to be a single issue.
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Monday, May 20, 2013
Stocks Go Long, Scandal! Keep 'Em Coming, Obama! / Politics / US Politics
By: Money_Morning
Keith Fitz-Gerald writes: There's a lot of buzz that President Obama's current scandals - Benghazi, the IRS and the Department of Justice - may bring down the financial markets.
I disagree - if anything, they'll provide fuel for another leg up.
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Monday, May 20, 2013
The Feds Are Worried About the U.S. Dollar / Politics / US Dollar
By: Paul_Craig_Roberts
Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE).
Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit by purchasing US Treasury bonds and to keep the prices high of debt-related derivatives on the “banks too big to fail” (BTBF) balance sheets by purchasing mortgage-backed derivatives. Without QE, interest rates would be much higher, and values on the banks’ balance sheets would be much lower.
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Monday, May 20, 2013
Keynesian Phrenology - Our Rulers Are Nutty as Well as Evil / Politics / Economic Theory
By: Richard_Daughty
I am getting more and more upset about the future of the economy, especially the part where I will probably still be alive to suffer through it, instead of being safely dead and gone, laughing disdainfully from whatever circle of Dante’s hell that is reserved for us lousy fathers, worthless husbands, lackluster employees and all-around lazy bastards.
“Hahaha!” I will bellow. “Now suffer! Suffer, you morons who actually believed that the idiocy of Keynesian economics would NOT end in disaster! From the heart of hell I strike at thee!”
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Monday, May 20, 2013
Ron Paul - The IRS's Job Is To Violate Our Liberties / Politics / US Politics
By: Dr_Ron_Paul
"What do you expect when you target the President?" This is what an Internal Revenue Service (IRS) agent allegedly said to the head of a conservative organization that was being audited after calling for the impeachment of then-President Clinton. Recent revelations that IRS agents gave "special scrutiny" to organizations opposed to the current administration's policies suggest that many in the IRS still believe harassing the President's opponents is part of their job.
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Monday, May 20, 2013
Can France Save The Euro - Or Even Itself? / Politics / Eurozone Debt Crisis
By: Andrew_McKillop
FRANCE'S CLAIMS ARE NOT ITS GAINS
French media, whether state-owned like 5 of its major TV channels and 2 major radio networks, or simply "government friendly" and entirely predictable, mindless repeater stations for government propaganda, have for several months applied the "ukase" (a French word borrowed from Russian, meaning autocratic law) which claims that France played a decisive role creating the euro system. As an "official truth"it is debatable, but more important is why the propaganda is belted out 24/7.