Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.Thursday, January 07, 2010
Time To Indict Geithner For Securities Fraud / Politics / US Politics
The web of known parties guilty of fraud, coercion, or securities manipulation keeps getting bigger. Please consider N.Y. Fed Told A.I.G. Not to Disclose Swap Details.
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Thursday, January 07, 2010
Bernanke and Greenspan, Financial Crisis Not Our Fault / Politics / Credit Crisis 2010
It seems that the primary qualification needed by any chairman of the Federal Reserve is the ability to never admit error, no matter how damning the evidence. During his tenure on the job, Alan Greenspan set the standard for implausible deniability. But in a speech last weekend in Atlanta, current chairman Ben Bernanke did the Maestro one better.
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Thursday, January 07, 2010
Geithner's New York Federal Reserve Pressured AIG to Delay Disclosures / Politics / Credit Crisis 2008
I wrote a few times in 2008 and early 2009 that as historic and mind bending the times we were living through then were, that when all the details of what was happening behind the scenes leaked out in the coming years ... that's where the truly fascinating information would be found. How short are memories are - all the furor over the direct handout to investment (and other) banks the world over, led by our friends at Goldman Sachs (GS) via AIG swap agreements - is but a distant memory.
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Thursday, January 07, 2010
Moving Your Money from Wall Street to Local Community Banks / Politics / Credit Crisis 2010
The recent proposal to vote with our feet by shifting our deposits from Wall Street to community banks is a great start. However, community banks are not suffering from a lack of deposits so much as from a lack of the capital they need to make new loans, and investment capital today is scarce. There is a way out of this dilemma, demonstrated for over 90 years by the innovative state of North Dakota -- a partnership in which community banks are backed by the deep pockets of a state-owned bank.
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Thursday, January 07, 2010
Bernanke's Hubris, Inability to Admit Mistakes, and Blaming Everyone For His Mistakes / Politics / Central Banks
Bernanke's hubris, inability to admit mistakes, and his blaming everyone but himself for his mistakes is increasingly starting to touch on nerves.
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Wednesday, January 06, 2010
Did Iceland Run a Giant Ponzi Scheme to Scam British Savers? / Politics / Credit Crisis 2010
Iceland is refusing to repay the £2.3 billion that British Tax payers put up to temporarily bailout Icelandic banks operating in the UK following the 2008 Financial Crisis.
The President of Iceland played the victim card by stating that he would refuse to sign a bill passed by the Iceland's Parliament that authorised repayment of £2.3 billion owed as a consequence of the bailout of British savers in Icesave. Instead President Grimsson stated that he would instead hold a referendum on the bill which has ZERO chance of being passed hence there will no repayment.
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Wednesday, January 06, 2010
Iceland's President Tells UK Go To Hell, Hooray For Iceland / Politics / Credit Crisis 2010
Congratulations to Iceland for figuring out that it is better to suffer a credit rating downgrade than to torture its citizens for a decade or longer. Please consider Iceland president vetoes collapsed Icesave Bank's bill to UK
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Wednesday, January 06, 2010
Are We Solving the ROOT CAUSE of our Economic Problems? / Politics / US Politics
Picture yourself in the following scenario: you are visiting your doctor complaining of abdominal pains, the doctor gives you a prescription for a strong pain killer. Certainly the pain medicine will help you feel better, but does it really solve the problem that caused the pains in the first place? Could this be the result of appendicitis or some other serious condition? You would rightly question the doctor’s judgment. The doctor is treating the SYMPTOM of the problem, not the ROOT CAUSE.
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Wednesday, January 06, 2010
How to lower Healthcare cost AND create millions of good decent, permanent jobs: / Politics / Economic Stimulus
Cindy Merrill writes: 1. Expand Meals On Wheels to all rural communitiesRead full article... Read full article...
Wednesday, January 06, 2010
On The Road To Copenhagen and A Global Food Crisis / Politics / Food Crisis
Does the following analysis sound familiar?
“A weakening U.S. dollar is putting upward pressure on oil prices. The shock produced chaos in the West. In the United States, the retail price of a gallon of gasoline rose 50%, consumption dropped by 6.1% from September to February. Underscoring the interdependence of the world societies and economies, oil-importing nations in the noncommunist industrial world saw sudden inflation and economic recession. The energy crisis led to greater interest in renewable energy and spurred research in solar power and wind power as well as increased interest in mass transit.”
Wednesday, January 06, 2010
Yemen, Behind Al-Qaeda Scenarios, a Geopolitical Oil Chokepoint to Eurasia / Politics / GeoPolitics
On December 25 US authorities arrested a Nigerian named Abdulmutallab aboard a Northwest Airlines flight from Amsterdam to Detroit on charges of having tried to blow up the plane with smuggled explosives. Since then reports have been broadcast from CNN, the New York Times and other sources that he was “suspected” of having been trained in Yemen for his terror mission. What the world has been subjected to since is the emergence of a new target for the US ‘War on Terror,’ namely a desolate state on the Arabian Peninsula, Yemen. A closer look at the background suggests the Pentagon and US intelligence have a hidden agenda in Yemen.
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Monday, January 04, 2010
Bernanke Blames Congress for Financial Crisis / Politics / Credit Crisis 2010
Fed chairman Ben Bernanke is back at it again, pointing the crisis finger at everyone but himself. To be sure there are plenty of congressional clowns deserving of a Babe Ruth style "big point", but the biggest point belongs straight at himself.
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Monday, January 04, 2010
Demise of The United States of America, An American Tragedy / Politics / US Politics
The demise of a nation is often at the hands of others; and, whereas the usual suspects are its enemies, allies and friends cannot be ruled out.The 20th century will be remembered as the century when America became a world power. World Wars I and II would decimate the then great powers of the world, e.g. England, Germany, Russia, France, Japan, etc., leaving the US as the last nation standing—the world’s sole superpower.
Monday, January 04, 2010
Change in The Old Order Impact on Financial Markets and Gold / Politics / Gold and Silver 2010
“The old order changeth, yielding place to new,
And God fulfills himself in many ways,
Lest one good custom should corrupt the world.” Alfred Lord Tennyson, “The Death Of Arthur.”
“The Death of Arthur” takes place in the 6th century A.D., but Tennyson wrote it in the late 19th century, and the idea he expresses is a 19th century idea. It is the theme for this first article of 2010 because evidence is coming in that, in the US today, the old order is changing. If this proves correct for the US, then similar implications may apply for the remainder of the world.
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Monday, January 04, 2010
Financial Reforms Are Being Watered Down As Bank Bailouts Are Up / Politics / Credit Crisis Bailouts
New York, January 4th: It’s a new week, a new year, and some, erroneously believe a new decade. What’s not new is the stranglehold the banks have on our economy quietly stashing more billions for more bonuses while still restricting the flow of credit. Bad loans have been supplanted by no loans.
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Sunday, January 03, 2010
Political Christmas Election Messages From Gordon Brown and David Cameron / Politics / UK General Election
Gordon Brown getting progressively depressed, David Cameron the second rate substitute for Tony Blair
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Sunday, January 03, 2010
The Future of the United States, Systemic Fraud, Corruption and Financial Instability / Politics / US Politics
Craig Harris writes: As we close out 2009 and look forward into 2010 and beyond, this has been a year of near financial catastrophe and monumental change, none of which benefited America or ordinary Americans. Late in 2008 and throughout 2009, events have happened in the US which would have been labeled unfathomable just a few short years ago, and yet already these monumental changes are expected to be filed into the memory hole and Americans are expected to believe nothing has changed.
Saturday, January 02, 2010
U.S. Citizens Healthcare Reform Lucky Escape from Making Britain's NHS Mistake / Politics / NHS
The proposed healthcare bill appears to ensure that Americans have managed to retain their free market based health care system that will now be subsidised by the Federal Government. Whilst a far from perfect system of health care, however what has been prevented is the U.S. making the same mistake of creating their own version of the NHS, where 70p of every extra £1 spent on it disappears down the NHS spending black hole that now seriously risks bankrupting Britain.
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Saturday, January 02, 2010
Gold, Guns and the Process of Civilisation / Politics / Social Issues
In his extraordinary book Democracy: The God that Failed, Hans Hermann Hoppe points out that the process of civilization is stopped when government continually violates property rights.
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Saturday, January 02, 2010
United States to Wage War Throughout the World 2010 / Politics / US Politics
January 1 will usher in the last year of the first decade of a new millennium and ten consecutive years of the United States conducting war in the Greater Middle East.
Beginning with the October 7, 2001 missile and bomb attacks on Afghanistan, American combat operations abroad have not ceased for a year, a month, a week or a day in the 21st century.