Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.Tuesday, April 26, 2011
Sociapitalism: How the Government Became the Next Bubble / Politics / Government Spending
In the last thirteen years, a new financial order replaced capitalism in America. With cat-like tread, this transformation has caught most Americans unaware, let alone some of country’s best financial minds (many of them fascist anyway).
This new order constitutes the socializing of risk, a concept I have termed: Sociapitalism.
Tuesday, April 26, 2011
Uncle Sam Borrows, China Invests / Politics / US Politics
Eric Margolis writes: Once, while driving in rural Virginia, I saw a billboard that proclaimed, "Jesus Saves." Some wag had scrawled across the bottom, "But Moses invests."
Today, change that to "the US borrows while China lends."
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Tuesday, April 26, 2011
Has Wall Street Won? / Politics / Credit Crisis 2011
Two years ago as financial reform was put on the U.S. Congressional agenda, a skeptical Senator, Dick Durbin of Illinois, spoke of the power of the banks over the country’s legislative process.
“They run the place,” he said matter of factly.
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Tuesday, April 26, 2011
The Big QE2 Shakedown / Politics / Quantitative Easing
The New York Times is bit late to the party but, better late than never, right?
Times economics writer Binyamin Applebaum has just discovered that the Fed's bond buying program--aka QE2--has lit a firecracker under stocks but done zilch for the real economy. Applebaum--who apparently never trolls the econo-blogs to expand his understanding of what's going on in the world of finance-- is "shocked" that Bernanke's $600 billion "credit easing" strategy has turned out to be an utter boondoggle that's had no measurable impact on output, unemployment or growth. Who could've known? But let's let Applebaum speak for himself:
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Tuesday, April 26, 2011
American Hellholes, the U.S. Economy is Dieing, there are simply No Jobs / Politics / US Politics
Economic Collapse writes: The U.S. economy is dying and we are heading for the next Great Depression. The talking heads in the mainstream media love to spin the economic numbers around and around and they love to make it sound like the economy is improving, but the truth is that it doesn't take a genius to see what is happening to the U.S. economic system. All over the nation many of our greatest cities are being slowly but surely transformed into post-apocalyptic wastelands. All over the mid-Atlantic, all along the Gulf coast, all throughout the "rust belt" and all over the entire state of California cities that once had incredibly vibrant economies are being turned into rotting, post-industrial hellholes.
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Tuesday, April 26, 2011
IMF Says Next U.S. President Will Be The Last / Politics / US Politics
John Rolls Submits: The International Monetary Fund has just dropped a bombshell, and nobody noticed.
Brett Arends, MarketWatch For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
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Tuesday, April 26, 2011
U.S. Takes One Giant Step Closer to 3rd World Chaos / Politics / US Politics
The U.S. Corruption to Production Ratio rapidly increased in recent years with a huge transfer of wealth to those with the most resources from those with the least.
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Tuesday, April 26, 2011
Hedge Funds Speculators and Their Poverty Premium / Politics / Financial Markets 2011
The short sale protection racket known as hedge funds is a speculators’ dream come true.
According to Investopedia, What Does Hedge Fund Mean? is defined as, "An aggressively managed portfolio of investments that uses advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark). Hedge funds use dozens of different strategies, so it isn't accurate to say that hedge funds just "hedge risk". In fact, because hedge fund managers make speculative investments, these funds can carry more risk than the overall market".
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Monday, April 25, 2011
U.S. Troops Died in Vain in Iraq / Politics / US Politics
Since the beginning of the war in Iraq, I have unequivocally maintained several things about the deaths of U.S. troops. Every one of the 4,450 U.S. soldiers who has died so far in Iraq has died unnecessarily, senselessly, for a lie, and in vain.
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Monday, April 25, 2011
“Pirates of the Caribbean” or the Pattern of a Parasite / Politics / Financial Markets 2011
Forrest Lane writes: Has anybody ever wondered why yet another mediocre Hollywood production “Pirates of the Caribbean” made such a tremendous box-office? Its sequels contain some visual gimmicks at least, which might seem entertaining to eight year old kids or people who zealously maintain their consciousness at the same level. But the first movie was not only senseless, but utterly tedious as well. Taking into account that hitherto the latest big budget endeavour on this subject - Renny Harlin’s “Cutthroat Island” - was undertaken as early as in 1995, became a commercial disaster and ruined Carolco Pictures, this success (the movie has made more than $300 million domestically and about the same amount worldwide) strikes as a bit enigmatic.
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Sunday, April 24, 2011
Population Growth, Pollution and the Global Environment / Politics / Environmental Issues
One of the most divisive arguments within the environmental movement is population growth, whether by increasing births, or via immigration.
But population figures conceal more than they reveal. They seem to suggest that the cause of climate change is too many people, and that a growing population means growing greenhouse gas emissions. Therefore, we should encourage people to have smaller families because it's "a lot easier than retooling our economic system." (1) And further, that we must slow population growth where it's greatest, e.g. the "Third" World, where population is "exploding."
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Sunday, April 24, 2011
Velkommen to Banktopia / Politics / Credit Crisis 2011
Let's talk turkey. The dollar is getting hammered by the day. And the dollar is getting hammered by design, because the Fed wants a weaker currency to boost exports and lower the real burden of debt on the banks. (Yes, Martha, the banks are still insolvent) So, down goes the greenback, lower and lower, pushing up gas and food prices while the buying power of the average US worker vanishes down the plughole. And this process will continue for the foreseeable future because--as Obama stated earlier in the year--Washington is committed to "doubling exports in the next 5 years." Think about that: "the next 5 years". That's the same as saying that the American worker will be reduced to third-world poverty in a half decade or so. It's a death sentence.
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Sunday, April 24, 2011
Barack Obama, The President Who Became an Actor / Politics / US Politics
If Ronald Reagan was known as the actor who became a president, then perhaps Barack Obama should become known as the president who became an actor.
For every facial movement evinced, every gesture of the hand, every word enunciated by the 44th president turns out to be a complete charade.
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Saturday, April 23, 2011
What Makes a Great President Great? / Politics / US Politics
George W. Bush only ranks 34th in the recent surveys of the greatest Presidents of the United States. Since there are but 40-43 of these magnificents in total, Dubya is way down there. Why?
What is greatness in a U.S. President, hereafter simply called a President? There is no scientific definition, although the more scholarly polls have criteria of greatness. These need not detain us. The polls themselves tell us what Americans think makes a great President, and it is against the implicit criterion that we observe in the data that we discover that Dubya’s low standing is an anomaly.
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Saturday, April 23, 2011
Con Games and Currency Destruction, are the Policies of Every Single Central Bank / Politics / Central Banks
Back in the era of World War II, a goldbrick was a slacker in the military. He was the guy who always seemed to be able to find a reason not to pull his own weight, as the phrase went.
The low-level Army grunts who wore the boots that were on the ground had a saying: "Never volunteer for anything." But you weren't supposed to be a slacker. Somewhere in between unofficial status as a red hot and a goldbrick was where most people wanted to be.
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Friday, April 22, 2011
The Trillion Dollar Costs of A Nuclear Catastrophe Bankrupting an Entire National Economy... / Politics / Nuclear Power
Preface: I am not against all nuclear power, solely the unsafe type we have today. Future designs - like thorium reactors (see this and this) - may be a different animal altogether.
AP has a good article (via the Washington Post) on nuclear power economics:
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Friday, April 22, 2011
The Libyan Battle for Misurata / Politics / Middle East
The Libyan city of Misurata is the last remaining major rebel outpost in western Libya. Misurata’s access to the sea has enabled regular shipments of food, weapons, medicine and ammunition to sustain the resistance in the face of daily attacks by forces loyal to Libyan leader Moammar Gadhafi. Gadhafi’s forces are intent on retaking the port at Misurata, while the Libyan rebels based in Benghazi hope the looming humanitarian crisis in Misurata will persuade the European coalition leading the mission in Libya to deploy ground troops to assist the rebels.
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Thursday, April 21, 2011
Answering Objections to a Trade Tariff / Politics / Protectionism
It’s only fair to answer some of the objections to the idea of an import tariff that I and others, like possible presidential candidate Donald Trump, have recently proposed.One common objection is simply that our trading partners would just shrug it off by increasing subsidies to their exporters.
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Thursday, April 21, 2011
Europe in Economic Turmoil Following Debt and PIIGS Bailout Crisis / Politics / Euro-Zone
Dan Steinbock, writer for The Globalist sent an interesting story he wrote regarding the Euro Crisis: Economic Turmoil, Political Backlash in the wake of the Finnish election results and the
rise of the "True Finns".
What follows is partial excerpt of that story, starting with a section titled "The Euro-Nordic Headache". I am not going to do my normal blockquote so as to make what follows easier to read. Everything that follows is from Dan Steinbock.
Wednesday, April 20, 2011
Seized Pensions & Quantitative Easing / Politics / Pensions & Retirement
A government-run pension fund manager – hardly fills you with confidence, does it...?
AS EVERY BRITISH ADULT well knows, the UK government long since forgot to save a penny of his or her lifetime's National Insurance contributions.
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