Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.Saturday, October 17, 2009
The Rich Have Stolen the Economy / Politics / Credit Crisis Bailouts
Bloomberg reports that Treasury Secretary Timothy Geithner's closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers.
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Friday, October 16, 2009
Russia and India Developing Supersonic Missile to Counter U.S. Missile Defence / Politics / GeoPolitics
Russia and India will start the development of a new supersonic missile nearly invincible to interception. No army in the world has anything similar to it. The sum of the investment has not been defined yet, but it can be expected to reach billions of dollars.
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Thursday, October 15, 2009
Truth Behind the Financial Crisis May Lead to Another Crash / Politics / Credit Crisis 2009
William K. Black - professor of economics and the senior regulator during the S & L crisis - says that that the government's entire strategy now - as during the S&L crisis - is to cover up how bad things are ("the entire strategy is to keep people from getting the facts").
Indeed, as I have previously documented, 7 out of the 8 giant, money center banks went bankrupt in the 1980's during the "Latin American Crisis", and the government's response was to cover up their insolvency.
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Thursday, October 15, 2009
Systemic Risk of Financial Collapse Resulting in Fuzzy Regulatory Oversight / Politics / Market Regulation
"Systemic risk" is the new financial term du jour. I suppose that's good news for all of us in the finance biz. The previous term du jour, "moral hazard," had months ago been talked, debated, lectured, explained, and milked to death. I suspect that a few months hence, systemic risk — the risk of total financial system or market collapse — will have suffered a similar fate.
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Thursday, October 15, 2009
How To Create A Fairer Tax Environment / Politics / Taxes
Can lawmakers who don't have the courage or intelligence to outlaw texting while driving really be expected to create a saner tax structure? Hmmm.
Developing a fairer tax environment is much less an economics problem than it is a political dilemma and, as many of you observed, it is unlikely that anything "tax" will be improved upon until there is some serious facial (and cultural) change in Washington.
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Thursday, October 15, 2009
Imperial New World Order Strategy the Origins of World War III / Politics / New World Order
In the face of total global economic collapse, the prospects of a massive international war are increasing. Historically, periods of imperial decline and economic crisis are marked by increased international violence and war. The decline of the great European empires was marked by World War I and World War II, with the Great Depression taking place in the intermediary period.
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Wednesday, October 14, 2009
Saving Face in Afghanistan / Politics / Afghanistan
This past week there has been a lot of discussion and debate on the continuing war in Afghanistan. Lasting twice as long as World War II and with no end in sight, the war in Afghanistan has been one of the longest conflicts in which our country has ever been involved. The situation has only gotten worse with recent escalations.
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Wednesday, October 14, 2009
The MicroCredit Just Another Scam / Politics / Debt & Loans
The hysteria about the glories of microcredit must have been another illusion created by the economic boom, but somehow, there for a while, it was hard to talk sense into anyone on this issue. Somehow, all the world came to believe that the key to lifting people out of poverty was to grant everyone loans that they then had to service out of some income stream that they didn't have.
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Tuesday, October 13, 2009
Obama Is a Predator Drone / Politics / US Politics
"The intent of the committee is to neuter the United States of America. They've done it by rewarding a pacifist." ~ Rush Limbaugh
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Tuesday, October 13, 2009
Why the Fed Needed Congress to Authorise Bailouts? / Politics / Credit Crisis Bailouts
I have been wondering why the Fed needed the Congress to authorize bailouts, when they could already create money at will.
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Monday, October 12, 2009
Obama and the Nobel Prize, When War becomes Peace / Politics / US Politics
When war becomes peace,
When concepts and realities are turned upside down,
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Monday, October 12, 2009
Latin America’s Twenty-First Century Socialism in Historical Perspective / Politics / Emerging Markets
The electoral victory of center left regimes in at least three Latin American countries, and the search for a new ideological identity to justify their rule, led ideologues and the incumbent presidents to embrace the notion that they represent a new 21st century version of socialism (21cs). Prominent writers, academics and regime spokespeople celebrated a totally new variant of socialism, as completely at odds with what they dubbed as the failed 20th century, Soviet-style socialism. The advocates and publicists of 21cs claims of a novel political-economic model rested on what they ascribed as a radical break with both the free market neo-liberal regimes which preceded, and the past “statist” version of socialism embodied by the former Soviet Union as well as China and Cuba.
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Monday, October 12, 2009
Obamacare Will Raise Average Policy By Thousands Of Dollars / Politics / US Politics
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Monday, October 12, 2009
Five Top Reasons for The Health Care Crisis / Politics / US Politics
1. In 1942 Congress made health care insurance for company employees non taxable unlike wages. Beyond the tax disadvantage created for individuals seeking health insurance, this law left few reasons for companies to even offer policies to individuals let alone lifetime policies.Read full article... Read full article...
Sunday, October 11, 2009
Peter Schiff, You Are Wrong on Health Care in the U.S / Politics / US Politics
The Market Oracle provides an invaluable service to the world. A visitor to the Market Oracle site is treated to a wide ranging scope of insight into financial and economic issues in virtual real time by insightful and accredited contributors. We are treated to contributions from the likes of Ron Paul, Peter Schiff, Mike Shedlock, Mike Stathis, Jim Willie and John Mauldin (to name a few). Market direction analysis by Nadeem Walayat is second to none. Peter Quinn’s lyrical musings on the tragic fate of the American society is always entertaining (notwithstanding my personal disagreement with some of Peter’s negativity).
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Sunday, October 11, 2009
Destroying the U.S. Economy / Politics / US Politics
Bob Ford writes: When the rewards for legitimate investments are zero and the penalties for bad investments are zero, a life style has been created in a dimension completely removed from that of the ordinary citizen. Wall Street operates in a zero regulation environment. There is no upper limit or lower limit on anything. It is perfectly acceptable to destroy an entire country, not just its economy. Fraud and deception quickly reduce the money of depositors and investors to zero, and place it in the hands of bankers and top level corporate management.
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Sunday, October 11, 2009
American's Gambling $100 Billion in Casino's Like Rats in a Cage / Politics / Social Issues
The world is a vampire, sent to drain
secret destroyers, hold you up to the flames
and what do I get, for my pain
betrayed desires, and a piece of the game
even though I know-I suppose I'll show
all my cool and cold-like old job
Saturday, October 10, 2009
Michael Moore and Sean Hannity Spar Over Capitalism / Politics / US Politics
Michael Moore and Sean Hannity Spar Over Capitalism 10 minute video
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Saturday, October 10, 2009
The Untold History of The Project for the New American Century / Politics / New World Order
This film goes in detail through the untold history of The Project for the New American Century with tons of archival footage and connects it right into the present. This film exposes how every major war in US history was based on a complete fraud with video of insiders themselves admitting it.
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Friday, October 09, 2009
Peter Schiff Call to Action to Win U.S. Senate Seat / Politics / US Politics
Dear Friends,
Through my weekly commentaries, I have always tried to share my honest insight into the behavior of markets and recommend strategies to help people preserve their wealth. As investors, many readers have benefited from my advice; but as Americans, they are frustrated that they have to look abroad for decent returns because Washington continues making a mess of things at home. I am too.