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Market Oracle FREE Newsletter

Analysis Topic: Politics & Social Trends

The analysis published under this topic are as follows.

Politics

Wednesday, December 05, 2012

California Dreaming: Bankruptcy, Pensions and Taxes / Politics / US Debt

By: BATR

The California Public Employees' Retirement System lives in the rarified air where financial magic somehow materializes to pay for their irrational exuberant pensions. When the drug high is over, the real world requires a harsh penalty for ebullient irresponsibility. The Chicago Tribune reports:

"San Bernardino, a city of 210,000 about 60 miles east of Los Angeles, filed for bankruptcy protection on August 1. Since then, it has halted its bi-weekly, $1.2 million payment to Calpers, saying it wants to defer any payments to the fund until fiscal year 2013-2014. Calpers says the city is already $6.9 million in arrears since August 1.

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Politics

Wednesday, December 05, 2012

CIA and Pentagon Fusion Revolutionizes Modern US Covert Action Complex / Politics / US Politics

By: Jeff_Berwick

Justin O’Connell writes: The Pentagon will expand its spy network over five years to rival the CIA in size, according to US officials, as it constructs the thus far classified Defense Clandestine Service or DCS. The project will “transform” the Defense Intelligence Agency from a Cold War, multiple-war agency to include increased operations against Islamists in Africa, North Korea-Iran weapons transfers, and Chinese military modernization that is now underway. Once completed, the DIA will have approximately 1,600 so-called “collectors” the world over who will be “closely aligned” with the CIA and elite military commando units. As the Washington Post notes, “an unprecedented total for an agency whose presence abroad numbered in the triple digits in recent years.”

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Politics

Tuesday, December 04, 2012

Obama Tells Goldman Fiscal Cliff Deal is Just a Matter of Maths / Politics / US Politics

By: Bloomberg

Bloomberg TV's Julianna Goldman spoke with President Obama today to discuss the fiscal cliff and his efforts to compromise with Republican leaders. In a lengthy interview in the Map Room of the White House, President Obama told Goldman that he is willing to make further cuts in entitlements, but insists that Republicans accept higher tax rates for top earners in the US. "It's just a matter of math."

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Politics

Tuesday, December 04, 2012

Ukraine Crushed in $1.1bn Fake Russian Natural Gas Deal / Politics / Natural Gas

By: OilPrice_Com

Certainly the folks at Gazprom are having a good snicker, reveling in the mockery that has been made of what should have been a landmark Ukraine-Spain gas deal that would have loosened Russia's gas grip on Kiev.

Everyone wondered how Russia would respond to Ukraine's attempt at gas independence. But this is what happens when you mess with Gazprom.

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Politics

Tuesday, December 04, 2012

Egypt's Strategic Balance, Morsi's Challenge to the Nasserite Model / Politics / Middle East

By: STRATFOR

Immediately following the declaration of a cease-fire in Gaza, Egypt was plunged into a massive domestic crisis. Mohammed Morsi, elected in the first presidential election after the fall of Hosni Mubarak, passed a decree that would essentially neuter the independent judiciary by placing his executive powers above the high court and proposed changes to the constitution that would institutionalize the Muslim Brotherhood's power. Following the decree, Morsi's political opponents launched massive demonstrations that threw Egypt into domestic instability and uncertainty.

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Politics

Tuesday, December 04, 2012

An American Success Story in Mexico: Jim Bourque Starr / Politics / US Politics

By: Jeff_Berwick

Q: Jim, when did you first come to Mexico to live, and more importantly, why?

A: In 2004, I moved from San Jose, California, to Mexico City. I was in the States and met a woman from Mexico City. We married and moved to Mexico City. I started a chiropractic clinic there. It was surprisingly easy, because I didn't have to jump through any hoops. I just set up shop.

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Politics

Tuesday, December 04, 2012

Mark Carney Abandons Canadians Sinking Ship, As Housing Market Crashes / Politics / Central Banks

By: Fred_Sheehan

"Just when scientific progress was supposed to be ridding the world of myths and ghosts, famous people became larger than life.... Fame was found increasingly fascinating. And it seemed to happen by popular demand. The general spread of education didn't make people more resistant to fame. If anything, it made them less resistant." -Clive James, Fame in the Twentieth Century

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Politics

Monday, December 03, 2012

All I Want For Christmas Is The Truth / Politics / US Politics

By: James_Quinn

“Eyes blinded by the fog of things
cannot see truth.
Ears deafened by the din of things
cannot hear truth.
Brains bewildered by the whirl of things
cannot think truth.
Hearts deadened by the weight of things
cannot feel truth.
Throats choked by the dust of things
cannot speak truth.”
Harald Bell Wright – The Uncrowned King

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Politics

Monday, December 03, 2012

Doing Away With U.S. Debt Ceiling Drama / Politics / US Debt

By: Peter_Schiff

Treasury Secretary Timothy Geithner made news last week by proposing to transfer the Congressional prerogative to raise the debt ceiling to the President. The change would essentially do away with the meaningless debt ceiling debates that have become ritual kabuki in Washington over the past few generations. Most Republicans have dismissed the proposal as a blatant executive power grab that will significantly weaken both the Congress and the minority party. While this is certainly true, Congress will only lose a power that it has never shown the slightest courage to actually use. But in truth, the proposal has the merit of refreshing honesty. By telling U.S. taxpayers, and the world in general, that the U.S. government has no intention of ever balancing its budget or limiting its accumulation of unsustainable debt, then perhaps we can begin to have an honest discussion about our economic future.

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Politics

Monday, December 03, 2012

Ron Paul - U.S. Fiscal Cliff Crisis Headed Toward the 11th Hour Compromise / Politics / US Politics

By: Dr_Ron_Paul

As the year draws to an end, America faces yet another Congressionally-manufactured crisis which will likely end in yet another 11th hour compromise, resulting in more government growth touted as "saving" the economy. While cutting taxes is always a good idea, setting up a ticking time bomb with a sunset provision, as the Bush tax cuts did, is terrible policy. Congress should have just cut taxes. But instead, we have a crisis that is sure not to go to waste.

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Politics

Monday, December 03, 2012

Obama's New Climate Goals Signal New Trade Tariffs / Politics / Protectionism

By: Andrew_McKillop

Obama's special climate change envoy to the present Doha climate change talks, Todd Stern, told delegates to the June 2012 Rio + 20 conference that president Obama and state secretary Clinton elevated sustainable development to one of the three pillars of U.S. national security policy, along with diplomacy and defense. Incorporating climate change action, it is a key issue.

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Politics

Monday, December 03, 2012

Popular Culture Promotes the Police State / Politics / Propaganda

By: BATR

The New World Order, designed around a functional police state that is encouraged by continuous popular cultural messages, is apparent to even the most avid establishment apologist. Liberty and freedom, hardly ever mentioned in a positive light by the mass media, is a direct threat to the ruling class. The proliferation of degenerate behavior is lauded so that those who object to such conduct will be demeaned as outcasts of the decadent society. The imposition of a police state is necessary to coerce decent people into forced obedience.

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Politics

Sunday, December 02, 2012

Warren Buffett: Tax Dodger? / Politics / Taxes

By: Investment_U

Alexander Green writes: I’m a longtime admirer of Warren Buffett.

He taught me a lot about stock investing, including the most important thing about it I know: Forget about outguessing the market and focus instead on identifying businesses that are selling for less than they are worth.

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Politics

Sunday, December 02, 2012

Our Collapsing Economy and Currency / Politics / US Politics

By: Paul_Craig_Roberts

Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used.

The fiscal cliff is the result of the inability to close the federal budget deficit. The budget deficit cannot be closed because large numbers of US middle class jobs and the GDP and tax base associated with them have been moved offshore, thus reducing federal revenues. The fiscal cliff cannot be closed because of the unfunded liabilities of eleven years of US-initiated wars against a half dozen Muslim countries--wars that have benefitted only the profits of the military/security complex and the territorial ambitions of Israel. The budget deficit cannot be closed, because economic policy is focused only on saving banks that wrongful financial deregulation allowed to speculate, to merge, and to become too big to fail, thus requiring public subsidies that vastly dwarf the totality of US welfare spending.

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Politics

Sunday, December 02, 2012

Let's Hold Hands and Jump Off the Fiscal Cliff / Politics / US Politics

By: Money_Morning

Shah Gilani writes:
"I saw my problems and I'll see the light
"We got a lovin' thing, we gotta feed it right
"There ain't no danger we can go too far
"We start believin' now that we can be who we are.
"Grease is the word..."

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Politics

Saturday, December 01, 2012

US Fiscal Cliff Talks Target the Working Class / Politics / US Politics

By: Barry_Grey

As the deadline for the so-called “fiscal cliff” grows nearer, the indications mount that, behind the smokescreen of deficit talks and media hype, the artificial fiscal emergency is the starting point of a process for making deep structural cuts in basic social programs that previously would have been considered politically impossible.

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Politics

Saturday, December 01, 2012

Nasa's Martian Boondoggles / Politics / Government Spending

By: Gary_North

There was a recent mini-flap over life on Mars. Some CalTech scientist said that something big is about to be announced about life on Mars. But NASA says it's not true. You can read about this here.

Here is the accompanying explanation.

The Mars Science Laboratory Project and its Curiosity rover are less than four months into a two-year prime mission to investigate whether conditions in Mars' Gale Crater may have been favorable for microbial life.

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Politics

Saturday, December 01, 2012

The TSA, War, Corruption, Cuba, Karama / Politics / Social Issues

By: Casey_Research

Doug Casey Interviewed by Louis James, Editor, International Speculator : Dear Reader,

Before we get to this week's conversation, I am very pleased to announce that Doug Casey has just published a new book, featuring some of our best conversations: priceless takes on a wide variety of subjects, including the TSA, war, corruption, Cuba, and your health. Many of the subjects covered in this publication and the book – like the one Doug and I discuss below – are the result of questions from readers. The book, Doug's first in many years, is called Totally Incorrect, and is a convenient way to share Doug's singly unique and insightful perspective with others.

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Politics

Friday, November 30, 2012

Is the World Really Flat? / Politics / Fiat Currency

By: Andy_Sutton

One of the really bad things about a period of crisis, especially when there is a vacuum in terms of real convictions, is that the void tends to be filled with anything and everything. I’m going to devote this week to some of the more absurd comments and theories that have emerged as they pertain to the whole idea of a fiscal cliff, and yet another debt ceiling battle in Washington. However, before we cover the absurdities and get to the ‘fun’ stuff, we need properly arrange the facts.

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Politics

Friday, November 30, 2012

Why Loose Money Bernanke Could Learn a Thing or Two From Shrewd Mark Carney / Politics / Central Banks

By: Money_Morning

Martin Hutchinson writes: Now that President Barack Obama has been reelected, Federal Reserve Chairman Ben Bernanke's easy money policies may well be with us for the next four years.

And even if Obama replaces Bernanke when his term ends in January 2014, he's likely to choose another soft-money acolyte like Fed Vice-chairman Janet Yellen to lead the Fed.

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