Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.Saturday, September 05, 2009
Financial Crisis a Failure of Capitalism? / Politics / Credit Crisis 2009
Politicians often find scapegoats for America’s economic woes. It is rare – if ever – that they point the finger at themselves. Yet, the basic cause of the current severe economic problem lies in the machinations of government.
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Saturday, September 05, 2009
The Government's Cooked Books / Politics / US Debt
Should the United States ever adopt the same accounting standards for itself that it foists upon private enterprise, its financial reports would leave the majority of Americans in a state of shock. Americans would have tremendous difficulty recovering from the magnitude of misrepresentation that is going on now. Accounting isn't just a game either; there are material, legal, and ethical consequences when it's done wrong.
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Friday, September 04, 2009
Health Care and the Free Market / Politics / Healthcare Sector
"With millions unemployed, and health care costs rising through the roof, and the only answer ever given to unemployment is 'go back to school', why are there still so few medical schools that 1/3 of our doctors are imported and Americans who want to be doctors frequently have to resort to joining the military in order to be trained? We should have a doctor on every corner, competing with each other." [1]
Thursday, September 03, 2009
American Monetary Institute 2009 Conference: “We Shall Prevail” / Politics / Global Financial System
The world’s most important gathering of monetary reformers takes place each year in Chicago at the American Monetary Institute’s annual conference. This year’s event takes place September 24-27 at Roosevelt University. Chairing the conference is Stephen Zarlenga, AMI director and author of the landmark book “The Lost Science of Money.” For information and the list of speakers, including monetary economist Michael Hudson, see the AMI website at http://www.monetary.org/2009schedule.html. While personal matters will prevent me from appearing on-site, I have sent the following remarks. Segments of my six-part DVD, “Credit as a Public Utility,” will also be shown.
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Thursday, September 03, 2009
How to Lower the U.S. Deficit Without Killing Social Security / Politics / US Economy
When it was recently announced that the federal deficit was $2 trillion higher than previously estimated, corporate vultures — after years of high-altitude circling — began their descent.
The dying entity they’re after is the U.S. social safety net — Social Security, Medicare, etc. Years of waiting have finally paid off; the long awaited pretext for scavenging has arrived in the huge federal deficit.&
Thursday, September 03, 2009
Obghanistan, More for the Meat Grinder / Politics / Afghanistan
Throughout July and August of this year, US forces suffered almost 90 soldiers killed in Afghanistan. Heeding recommendations from military leaders and his advisors, President Obama has approved sending 17,000 troops, which includes a 5,000-member Marine Regimental Combat Team, to support the overextended combat troops in southern Afghanistan. While these numbers may seem impressive, in military terms this is the equivalent of scrounging couch change trying to pay off a balloon mortgage payment.
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Thursday, September 03, 2009
The Mafia and the Credit Crisis Bailouts / Politics / Credit Crisis Bailouts
TONY SOPRANO TO THE RESCUE: Government Fears Mob Moves On Recovery Funds, Undertakes Creative Counter Measure
THE MOB WANTS A TASTE….
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Wednesday, September 02, 2009
Obama the Last Emperor, the Crash of America / Politics / US Politics
Professor Igor Panarin, whose book “The Crash of America” is just out, claims that by November the book will be yesterday’s news.
Panarin believes President Obama will lead his country to a breakup. Panarin compares Obama to former Soviet president Mikhail Gorbachev.
Wednesday, September 02, 2009
From American Citizen to Serf in 200 Years / Politics / US Politics
America is a strange place. Liberals get emotionally distraught that the Founding Fathers stuck Second Amendment rights in the Constitution. For American citizens to possess firearms is considered to be dangerous. Yet it is quite alright for Americans to possess deadly green mambas.
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Tuesday, September 01, 2009
Bernanke’s Victory Lap / Politics / Central Banks
Despite vocal criticism of the Federal Reserve’s stewardship of the economy over the past decade, President Obama’s renomination of Ben Bernanke to a second term as Fed Chairman nevertheless served to reassure and boost financial markets. While it is true that markets tend to crave predictability from government, rewarding the continuation of horrible Bush-era policies is perhaps pushing the boundaries of nostalgia. More interestingly, President Obama, who campaigned for ‘change,’ has clearly come down once again on the side of continuity.
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Tuesday, September 01, 2009
The Geopolitical Western View of Russia / Politics / Russia
A months-long White House review of a pair of U.S. ballistic missile defense (BMD) installations slated for Poland and the Czech Republic is nearing completion. The review is expected to present a number of options ranging from pushing forward with the installations as planned to canceling them outright. The Obama administration has yet to decide what course to follow. Rumors are running wild in Poland and the Czech Republic that the United States has reconsidered its plan to place ballistic defense systems in their countries. The rumors stem from a top U.S. BMD lobbying group that said this past week that the U.S. plan was all but dead.
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Tuesday, September 01, 2009
Audit the Fed Gaining Momentum in Congress / Politics / US Politics
It has been an interesting week indeed for the Federal Reserve. Early this week, it was announced that President Obama intends to reappoint Fed Chairman Ben Bernanke to a second term in January, signaling a vote of confidence in him. Bernanke seems to be popular with the administration and with Wall Street, and with good reason. His lending policies have left big banks flush with newly created cash that covers up old mistakes and allows for new ones.
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Tuesday, September 01, 2009
Credit Crisis Bank Bailouts, The Economics of Failure / Politics / Credit Crisis Bailouts
The government has handed over hundreds of billions of dollars in bailout aid intended to ensure the survival of corporations deemed "too big (i.e., too important) to fail," even though the present vulnerabilities and failings of these same entities have been largely brought upon themselves by their own missteps and strategic imprudence.
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Monday, August 31, 2009
“We don’t want your tired, poor, huddled masses yearning to trash the planet” The Federal Reserve, 2009 / Politics / Credit Crisis 2009
Having trouble understanding the events since the October 2008 financial crisis?
Any of this sound familiar:
- · Banks hoarding their TARP funds
- · Gas prices going up when they should be going down
- · Automobile dealerships closed without regard to profitability
- · Health Care reform: The Kevorkian is out of jail early
Sunday, August 30, 2009
America's Deepening Inferiority Complex Begins to Bite Russia / Politics / Russia
Robert Bridge writes: As the US beats a path through a social, political and economic forest of epic proportions, is it mere coincidence that news stories on Russia are becoming more hostile than ever?
Strangely, the end of the Cold War did not significantly alter the Western media’s perceptions of Russia. In fact, the collapse of communism seems to have forced the American media establishment to dish out the dirt on Russia with more gusto than ever before.
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Saturday, August 29, 2009
My Portrait/Caricature of the Late Senator Edward Kennedy / Politics / US Politics
30 years ago, in 1979, I was asked by the Economist magazine to do a caricature-portrait of Ted Kennedy for their cover, because he was then seen as a serious challenger to President Jimmy Carter. The caricature-portrait wasn't used by the Economist in the end, because they decided that another story was more important for the cover at the time (such is the fate of artists who are commissioned by magazines!)
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Friday, August 28, 2009
News Corporation's Murdoch Blames BBC For Driving Independent Journalism Out of Business / Politics / Mainstream Media
James Murdoch of the media giant News Corporation lashed out at the licence fee funded BBC for driving out independent media that cannot compete against the BBC's free services, especially the online services that cost the BBC £186 million per annum to deliver but are paid for via the licence fee, whereas mainstream news organisations operate their free online services at a huge loss and are increasingly being forced to charge for online access as the print media continues to shrink as more people turn to the internet for news and information.
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Friday, August 28, 2009
Who does Ben Bernake Really Work For? / Politics / Central Banks
The announcement of Ben S. Bernanke’s successful nomination for a second term brings forth a curious question. Whom does the Fed Chairman really and truly work for?
Before we get into today's topic, a quick comment on the state of the market here and now.
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Friday, August 28, 2009
Bernanke's REAL Legacy Helping Goldman Sachs Fleece Us All / Politics / Market Manipulation
I’ve watched with first amusement, then disgust, and ultimately outrage as various pundits proclaimed Bernanke’s efforts “saved the financial system” or helped the US “weather the storm.” Bernanke did NO such thing. You could train a chimpanzee to hit the “print money” button at the Fed every-time the Fed phone rings with a Wall Street number and get the same results. To date, Bernanke has spent or put the taxpayer on the hook for some $24 TRILLION in bailouts, lending windows, and off balance sheet arrangements.
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Friday, August 28, 2009
The Great Depression Rhyming, Bloomberg and the Reconstruction Finance Corporation? / Politics / Credit Crisis 2009
On November 7, 2008, Bloomberg LP sued the Federal Reserve Board under terms of the Freedom of Information Act to obtain the names of borrowers of funds from the Federal Reserve as well as lists of the collateral posted by the borrowers. On August 25, 2009, a U.S. District judge ruled in favor of Bloomberg, ordering the Federal Reserve Board to turn over to Bloomberg the requested information within five days.
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