Category: US Politics
The analysis published under this category are as follows.Tuesday, October 25, 2011
Occupying Wall Street, The State Is the 1 Percent / Politics / US Politics
The "occupy" protest movement is thriving off the claim that the 99 percent are being exploited by the 1 percent, and there is truth in what they say. But they have the identities of the groups wrong. They imagine that it is the 1 percent of highest wealth holders who are the problem. In fact, that 1 percent includes some of the smartest, most innovative people in the country — the people who invent, market, and distribute material blessings to the whole population. They also own the capital that sustains productivity and growth.
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Tuesday, October 25, 2011
The Wealth of the 1percent Provides the Standard of Living of the 99percent / Politics / US Politics
The protesters in the Occupy Wall Street movement and its numerous clones elsewhere in the country and around the world chant that 1 percent of the population owns all the wealth and lives at the expense of the remaining 99 percent. The obvious solution that they imply is for the 99 percent to seize the wealth of the 1 percent and use it for their benefit rather than allowing it to continue to be used for the benefit of the 1 percent, who are allegedly undeserving greedy capitalist exploiters. In other words, the implicit program of the protesters is that of socialism and the redistribution of wealth.
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Saturday, October 22, 2011
Government is a Monopoly of Force - Video / Politics / US Politics
An excerpt of Doug’s musings on why “the problems we’re facing are 100% caused by the US government” – from the recent Casey/Sprott Summit When Money Dies.
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Saturday, October 22, 2011
Occupy Wall Street and the End of Crony Capitalism / Politics / US Politics
Occupy Wall Street demonstrations are sweeping the globe. Universally, demonstrators recognize that there is something fundamentally flawed with the current system of international political economy. Most interesting, the left and the right agree on a few key issues. For decades, big business has bought and paid for political favors that have undermined the system, rotting the foundation of international free market capitalism. Hard work, individual responsibility and accountability are now optional. Just reward for success and the consequences of failure are now subject to political caprice. A civilization built on essential but abandoned principles is coming apart at the seams.
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Friday, October 21, 2011
The U.S. Is Headed for Revolution, as Debt Slaves Whisper Treason / Politics / US Politics
Nothing much from the markets yesterday. The Dow fell 72 points. Gold went down $5.
Meanwhile, the Occupy Wall Street (OWS) movement goes on in America. And 70,000 Greeks “clash with police,” say the news headlines.
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Thursday, October 20, 2011
A Night With Occupy Wall Street / Politics / US Politics
A call went out over the Internet stating that the city of New York was preparing to “clean” the park where the Occupy Wall St protests were taking place and that the protestors would have to leave the park. The occupiers were cognizant that this was a thinly veiled attempt to evict them from the park. They asked for people to converge on the park to defend it from the NYPD who would be charged with clearing it.
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Wednesday, October 19, 2011
Occupy Wall Street, A Lesson in Democracy / Politics / US Politics
First I’d like to start off saying that Saturday was one of the most invigorating and inspiring days of my life. I came back from NYC with hope that the young people of this country, with the help of some members of the older generations that care about the future of this country, have the will and the fortitude to sweep away the existing corrupt corporate fascist state that exists in this country today. It was such a whirlwind day that my narrative is unlikely to have much structure. I’ll just unleash everything I can remember.
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Tuesday, October 18, 2011
Your Country is Dying... And It Wants To Take You With It / Politics / US Politics
We are nearing the end of the grand experiment in nation-states, democracy and socialism. In case you hadn't noticed, it failed miserably. Hundreds of millions were killed in wars engendered by nation states and made possible by fiat currencies and countless more were impoverished by the central banks instituted by the state. Riots and protests around the globe from Rome, to Egypt to nearly every major city in the US now attest to that.
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Sunday, October 16, 2011
The Iran Saudi Diplomat Assassination Attempt Hoax? / Politics / US Politics
I have been staring incredulously at my TV screen these past few hours as the story of Iran’s alleged assassination attempt of a Saudi diplomat in Washington unfolds in dramatic increments.
Reporters keep repeating the theme “like out of a Hollywood script” as they eke out increasingly unlikely details about this “terror” plot.
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Saturday, October 15, 2011
The Seven Biggest Economic Lies / Politics / US Politics
The president's jobs bill doesn't have a chance in Congress - and the occupiers on Wall Street and elsewhere can't become a national movement for a more equitable society - unless more Americans know the truth about the economy.
Here's a short (2 minute 30 second) effort to rebut the seven biggest whoppers now being told by those who want to take America backwards. The major points:
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Saturday, October 15, 2011
The Transformation of the US into a Police State / Politics / US Politics
Pat Buchanan’s latest book, Suicide of a Superpower, raises the question whether America will survive to 2025. The question might strike some readers as unduly pessimistic and others as optimistic. It is unclear whether the US, as we have known it, will survive its next presidential election.
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Friday, October 14, 2011
Loss of National Identity / Politics / US Politics
“Good Housekeeping? – An Op-Ed” - I am writing this article not as an economic or financial analyst, which is my normal mode of operation. This article has nothing to do with economic, financial markets, or any related topics. What it has to do with is the undeniable reality that we as a nation are failing miserably in one of the most basic precepts of civilization and that is to leave things better than we found them. When you think about it that is how true advancement takes place.
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Friday, October 14, 2011
The Discipline of Government / Politics / US Politics
In my article The Politics of Personal Destruction I presented the case that the Federal Reserve was responsible for the Great Depression because of its extremely tight monetary policy.
In 1963 Friedman, and coauthor Anna J. Schwartz, published A Monetary History of the United States, 1867-1960. In it, the authors claimed that the Great Depression would have been a typical downturn had it not been for policy errors made by the Federal Reserve. US Federal Reserve head Ben Bernanke also believes if the Fed had provided enough money to banks and bought US securities the Great Depression would not of happened.
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Friday, October 14, 2011
OCCUPY WALL STREET: Separating Fact from Media / Politics / US Politics
Newspaper columnist Ann Coulter, spreading the lies of the extreme right wing, called the Occupy Wall Street protestors, “tattooed, body-pierced, sunken-chested 19-year-olds getting in fights with the police for fun.” She claimed the protestors, now in the thousands in New York, are “directionless losers [who] pose for cameras while uttering random liberal clichés lacking any reason or coherence.” (Several hundred thousand of these “directionless losers” are expected to attend rallies in more than 650 cities, Oct. 15.)
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Friday, October 14, 2011
The Jobless, the Homeless, the Shiftless, Vive La Revolution! / Politics / US Politics
The Occupy Wall Street movement is getting a fair amount of press. The movement, as you know, dear reader, is a loose assembly of the jobless, the homeless and the shiftless. Troublemakers, every one of them, with no coherent or sensible view of what is wrong or how to fix it. But what’s wrong with that?
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Thursday, October 13, 2011
Currency Bill Is a Small Victory Against Currency Manipulation / Politics / US Politics
The Senate yesterday passed S.1619, the Currency Exchange Rate Oversight Reform Act. (Click here for the bill's text.)
Although this bill isn't a slam-bang solution to the problem of foreign currency manipulation (especially by China), it's a big step in the right direction.
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Thursday, October 13, 2011
Occupy Wall Street: Are Mindless Americans Falling Prey to the New Revolution Business and Its Collectivist Trap? / Politics / US Politics
A disturbing new trend has quietly taken hold over simultaneous nationwide protests in the United States over the last few weeks.
Visible throughout the Occupy Wall Street (OWS) protests, is a technique dubbed as “The People’s Microphone”. It has been deployed nationwide, and is fast becoming the dominant vehicle for group interaction and communication. So what is it?
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Monday, October 10, 2011
Ron Paul on U.S. State Assassinating American Citizens Sets Dangerous Precedent / Politics / US Politics
According to the Fifth Amendment of the US Constitution, Americans are never to be deprived of life, liberty, or property without due process of law. The Constitution is not some aspirational statement of values, allowing exceptions when convenient, but rather, it is the law of the land. It is the basis of our Republic and our principal bulwark against tyranny.
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Monday, October 10, 2011
The US Empire: A Tragic Comedy in Three Acts / Politics / US Politics
What a delight it is to have an empire!
Do the Swiss get to send out drones to kill people they don’t know in countries they’ve never been? No! The poor yodelers go around with long faces and visit their shrinks. Americans have troops in 170 countries. Where are the Swiss? Only in Switzerland and the Vatican. Alas, they will never know the joys of nation building and people murdering.
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Monday, October 10, 2011
China Currency Bill: Politics vs. Economics, Is the U.S. ready for a global trade war? / Politics / US Politics
The latest move on China politics at Washington is the China currency bill, due at the U.S. Senate on Tuesday, Oct. 12. The proposal would levy tariffs on China and four other Asian countries for artificially depressing the value of their currencies to boost their exports.
To us, it seems evident that those in Washington have not thought this through completely (or chose to ignore). Here is how the math would work.