Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.Monday, April 27, 2009
Do Not Take a Swine Flu Vaccine, It Could Kill You! / Politics / Global Pandemic
I am making a plea to everyone who reads this, please, please DO NOT TAKE ANY VACCINE THAT IS PURPORTED TO 'PREVENT' THIS FLU.
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Monday, April 27, 2009
How To Survive When the Economy Stinks / Politics / Recession 2008 - 2010
Cristina C. Espina writes: So your economy stinks. It’s not as bad as you think. Really.Let me explain the view from several cultures away . . .
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Sunday, April 26, 2009
The Financial Barbarians at the Gate / Politics / Credit Crisis 2009
Guns & Butter Interviews financial economist and historian, Dr. Michael Hudson.
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Sunday, April 26, 2009
United States Escalates Threats Against Pakistan / Politics / Pakistan
Keith Jones writes: US Defence Secretary Robert Gates has warned Pakistani authorities that US-Pakistan relations will be imperiled unless Islamabad heeds Washington’s admonitions and bloodily suppresses a growing Islamacist insurgency that has been fueled by the US occupation of Afghanistan.Read full article... Read full article...
Sunday, April 26, 2009
India, the Reality of Mass Poverty and Social Exclusion / Politics / India
Prof. Ananya Mukherjee Reed writes: “How is India?” asked an erudite friend of mine from North America soon after I reached India last December.
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Saturday, April 25, 2009
United States Empire Built on False Prosperity Collapsing / Politics / Credit Crisis 2009
KEEP ON ROCKIN IN THE FREE WORLD - The American Republic is 226 years old. The Roman Empire lasted 13 centuries before collapsing. The Roman emperors attempted to stave off the collapse by providing bread and circuses to the masses. Feeding Christians to lions worked only for so long. I picture Caligula “Mad Money” Cramer exhorting the masses that the worst was over and not to worry about the Vandals and the Huns. Nero “Mustard Seed” Kudlow probably saw a recovery on the horizon as Barbarians were at the gates of the city. Cleopatra “Money Honey” Bartiromo was proclaiming that the stupid masses didn’t know what was best for the system. Caesar “Glimmers of Hope” Obama was sure that if they just distributed more bread and added a few more circuses, things would improve by the Ides of March.
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Friday, April 24, 2009
The Fed: Our Next Troubled Biggest Bank? / Politics / Credit Crisis 2009
Mike Larson writes: The Federal Reserve is watching the backs of U.S. banks. But sometimes I wonder, “Who’s watching the Fed’s back? Is the Fed our next troubled bank?”
You see, all of this garbage paper that’s going bad — the troubled residential mortgage backed securities (RMBS), the commercial mortgage backed securities (CMBS), the asset backed securities (ABS), the Fannie Mae bonds, the corporate loans, and so on — hasn’t just gone
Friday, April 24, 2009
U.S. ‘Soft Power’, Dollar Standard and the Banks / Politics / Global Financial System
Steven Lesh writes: The privilege of supplying the world’s reserve currency, the money nations use to conduct business beyond their borders, is a source of power to the nation that possesses it more valuable than the most powerful military. Since virtually all money is created ‘out of thin air’ by entries in bank ledgers, the nation supplying the world’s reserve currency has the power to create enough money to buy the world. Working in conjunction with its banks, a nation supplying the reserve currency can conquer and control vastly more of the world’s wealth than it could hope to with military force.
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Friday, April 24, 2009
Congress Targets Credit Card Companies Bad Practices / Politics / Credit Cards & Scoring
With much fanfare this week, Congress and the Administration began a series of actions designed to protect over-leveraged consumers from the high fees imposed by credit card lenders. As with most other initiatives devised by government, this policy will create a host of unintended consequences that will undermine the benefit the program hopes to create.
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Friday, April 24, 2009
Paulson and Bernanke Forced Bank of America Takeover of Merrill Lynch / Politics / Credit Crisis Bailouts
Jason Simpkins writes: Bank of America Corp. (BAC) Chairman and Chief Executive Kenneth Lewis said in testimony before New York's attorney general that Federal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry M. Paulson pressured him not only to move ahead with a merger with Merrill Lynch despite reservations, but also to stay quiet about the mounting losses at the crumbling investment bank, The Wall Street Journal reported.Read full article... Read full article...
Thursday, April 23, 2009
Germany to Create Bad Banks to Boost Banking Sector Profits / Politics / Credit Crisis Bailouts
Leaders of the German government and the president of the central bank agreed on plans Tuesday for the creation of a series of so-called “bad banks” to bail out the country’s ailing banking system.
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Wednesday, April 22, 2009
Bailed Out Banks Too Big to Survive / Politics / Credit Crisis Bailouts
On April 20th, Bank of America announced a first quarter surge in earnings to $4.2 billion. At first blush, it looked like the kind of news that would ignite a stock market rally. Instead, the Dow closed down 289 points. Could it be that, despite the apparent good news, investors don't trust the banks or the economy?
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Wednesday, April 22, 2009
UK Budget 2009 Debt Deficit, Basic Rate Income Tax Could Rise to 30% / Politics / UK Debt
Today, Alistair Darling delivers his 2009 budget, the certainty of which will be to finally recognise the huge debt crisis that the country faces as this years budget deficit is set to explode to 12% of GDP or £160 billion which is set against Alistair Darlings November 08 forecast of £38 billion against my analysis at the time which pointed to a 2009 deficit of £160 billion (Bankrupt Britain Trending Towards Hyper-Inflation?). This and the recognition of the severe recession which will prompt a revision to economic contraction to GDP -3% from -1% for this year which is set against my forecast of -4.3% for 2009.
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Wednesday, April 22, 2009
Bankrupt Banks and Corporations Bribing Washington Officials for More Tax Payer Cash / Politics / Credit Crisis Bailouts
When Does It All End? The Abuse Continues. - Trillions of dollars for the bailouts haven’t satisfied the banks and automakers. They want more, and they’re spending your dollars to make sure they get it. According to the Associated Press, the top 10 recipients of the TARP spent about $9.5 million on lobbying during the first quarter of 2009.Read full article... Read full article...
Tuesday, April 21, 2009
America Is Still the Best Place to Make Money / Politics / Business
Tom Dyson writes: There's never been a better time to be seeking fortune in America. Right now, we're in a period of great turbulence. Everything in America is up for sale at "panic liquidation" prices. Each foreclosed property and bankruptcy headline you hear about represents another opportunity to make money.Read full article... Read full article...
Tuesday, April 21, 2009
Defending the U.S. FED’s Power With Myths / Politics / Central Banks
Donald L. Kohn is a powerful man, as Vice-Chairman of the Board of Governors of the FED. He shouldn’t have this power. Nor should the FED have the power it has. Not under the U.S. Constitution. Not in a nation of free men and women. And not if we want a sound economy.
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Tuesday, April 21, 2009
Obama: the Grand Illusionist / Politics / US Politics
President Obama is smooth. He has an incomparable ability to say the correct thing and then doing the exact opposite. For instance, he says the United States cannot continue the boom bust cycle of economic activity and must repent from its proclivity to engender GDP growth off the back of building asset bubbles. He also contends that George W. Bush was disingenuously hiding the size of the true deficit by keeping certain items off budget. In those two statements he is completely correct.
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Tuesday, April 21, 2009
Tax Day protests, American's Are Revolting! / Politics / US Politics
All across the country-from Boston to Atlanta to San Antonio-thousands of Americans, inspired by Fox News and radio conservative talk show hosts, took to the streets to protest.Read full article... Read full article...
Tuesday, April 21, 2009
America, Do You Know Your Real Enemy? / Politics / US Politics
Do you know the enemy?
Do you know your enemy?
Well, gotta know the enemy
Monday, April 20, 2009
(Un)Intended Consequences: Uncertainty, Inflation & Inflexibility / Politics / Credit Crisis Bailouts
Present policies may be sowing the seeds for the next financial crisis. Despite recent market optimism, we believe present interventions could produce significant future adverse and unintended consequences. Rather than curing the patient, the present initiatives may be overprescribing the patient with medication that cause significant side effects (and leave a bad taste in the mouth).
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