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Market Oracle FREE Newsletter

Analysis Topic: Politics & Social Trends

The analysis published under this topic are as follows.

Politics

Friday, January 11, 2013

Keynesian Inflation Propaganda Exposed / Politics / Inflation

By: Peter_Schiff

Economists who hold the popular view that expanding the money supply will provide the best medicine for our ailing economy dismiss the inflationary concerns of monetary hawks, like me, by pointing to the supposedly low inflation that has occurred during the current period of rampant Fed activism. In a recent blog post aimed specifically at me, Paul Krugman noted that the sub 2.5% increases in the Consumer Price Index (CPI) over the past few years are all that is needed to prove me wrong. In fact, Krugman and others have even suggested that the CPI itself overstates inflation and that the Fed would be better able to help the economy if less strict methodologies were used. However, there is plenty of evidence to suggest that the CPI is essentially meaningless as it woefully under reports rising prices.

Read full article... Read full article...

 


Politics

Friday, January 11, 2013

Robin Hood is Dying, The Assassination Of Chavez / Politics / US Politics

By: Andrew_McKillop

On one hand a cruise through business news media like Bloomberg will tell you that the probable near-term disappearance of Hugo Chavez has put at least $7 billion-worth of oil and gas projects in jeopardy, in Venezuela. On the other hand the left-wing and conspiracy-theme media says that the Venezuelan president's previous track record of escaping kidnap and assassination attempts may or may not work another time. He might have received, like Yasser Arafat, a large dose of Polonium 230 or some other beta emitter toxic heavy metal such as radioactive lead, cobalt, cesium, thorium or uranium which are found in the effluent streams and waste ponds of nearly all uranium mines. Supply is no problem!

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Politics

Friday, January 11, 2013

U.S. $1 Trillion Coin Isn’t the Right Answer to Our Debt Ceiling Crisis / Politics / US Debt

By: Money_Morning

Ben Gersten writes: There's increasing support for the idea of minting a $1 trillion coin to help the United States avoid hitting the debt ceiling.

Even those supporting the idea - including The New York Times' Paul Krugman - admit it sounds "silly," but say it deserves consideration in that it could help solve one of our country's biggest economic issues.

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Politics

Thursday, January 10, 2013

Krugman's $1 Trillion Platinum Coin / Politics / US Debt

By: Jesse

"Well, the trillion-dollar-coin thing — deal with the debt ceiling by exploiting a legal loophole to have the Treasury mint one or more large-denomination coins, deposit them at the Fed, and use the cash in the new account to pay bills — has really taken off. Last month I spoke with a senior Fed official who had never heard of the idea; these days it’s all over. [It has been around for quite some time in monetary theory circles, where P.K. apparently does not dally - Jesse]
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Politics

Thursday, January 10, 2013

Is American Justice Dead? / Politics / US Politics

By: David_Galland

Every nation-state has a body of laws woven into the fabric of society. As Peruvian economist Hernando de Soto has commented on extensively, the stronger the rule of law, the stronger the economy.

And by "stronger" laws, I mean laws that are impervious to tampering for personal or political gains. The connection between a sound judiciary and economic health is readily comprehensible, except maybe to a politician… businesses and individuals are far more likely to invest capital in a country with understandable laws that are impartially and universally enforced than if the opposite condition exists.

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Politics

Wednesday, January 09, 2013

Now the Government Wants to Track and Tax Your Mileage / Politics / Taxes

By: Money_Morning

Keith Fitz-Gerald writes: I love Oregon so much I gladly put up with its hypocritical governor, its out of control budget, its quirky liberal tendencies, its high personal income taxes, its hopelessly anti-business environment, and its progressive health care system.

But here's where I have to put my foot down: Oregon officials are now proposing a special per- mile tax on "gas-sipping" drivers.

Read full article... Read full article...

 


Politics

Wednesday, January 09, 2013

The Rich and Poor Divide Isn’t Good for America / Politics / Social Issues

By: InvestmentContrarian

George Leong writes: There is a crisis in America, relative to the widening income gaps between the rich, the middle class, and the poor. This ultimately impacts consumer spending.

In the fiscal cliff talks, President Obama decided to compromise on the Bush-era tax cuts after raising income taxes on those individuals earning in excess of $400,000 annually and over $450,000 for married couples. These groups account for roughly the top one percent of income earners, according to the Tax Policy Center. (Source: “Fiscal Cliff Deal Will Raise Taxes On 77 Percent Of Americans: Tax Policy Center Analysis,” Huffington Post via Associated Press, January 2, 2013.)

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Politics

Wednesday, January 09, 2013

America, You're Being Punked / Politics / US Politics

By: Raul_I_Meijer

We've sort of run out of ways to describe the skewed perceptions and/or skewed realities of the politico-financial world we inhabit. Metaphors like Bizarro World, Kabuki theater and Theater of the Absurd have come and long gone and are now used only by those who missed out first time around.

But that doesn't mean it's all become less weird; if anything, one gets the feeling the media in general are becoming more complacent if not complicit painting a picture for the general public that's at best make believe and in all other cases border on Orwell. There's a veneer an inch thick (and getting thicker fast) that makes things look sort of normal, just check the economy, and below that there's an increasingly nasty brew boiling and a-festering.

Read full article... Read full article...

 


Politics

Tuesday, January 08, 2013

Fiscal Cliff Averted, but the Massive Debt Will Limit Government Flexibility / Politics / US Debt

By: InvestmentContrarian

George Leong writes: Well, the doom and gloom of the fiscal cliff was averted in the nick of time, which in turn, pleased Wall Street and gave stocks a boost to begin the new year.

While the deal was a nice compromise between the two parties on the tax issues, there is a lot of work ahead for President Obama, as the statutory national debt limit of $16.4 trillion nears. As of this morning, the national debt balance used for the limit stood at a superlative $16.39 trillion. The headline national debt of $16.43 trillion is actually already above the limit, but don’t worry, the Treasury Department said it will be able to pay its debt payments and bills. Of course, we know this will also hold until the extended deadline on March 1.

Read full article... Read full article...

 


Politics

Tuesday, January 08, 2013

The Crisis of the American Middle Class, The Long-Term Threat to U.S. Power / Politics / Social Issues

By: STRATFOR

Last week I wrote about the crisis of unemployment in Europe. I received a great deal of feedback, with Europeans agreeing that this is the core problem and Americans arguing that the United States has the same problem, asserting that U.S. unemployment is twice as high as the government's official unemployment rate. My counterargument is that unemployment in the United States is not a problem in the same sense that it is in Europe because it does not pose a geopolitical threat. The United States does not face political disintegration from unemployment, whatever the number is. Europe might.

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Politics

Tuesday, January 08, 2013

Public Schools - Crooked Teachers and Lying Principals / Politics / Educating Children

By: LewRockwell

Walter E. Williams writes: Nearly two years ago, U.S. News & World Report came out with a story titled "Educators Implicated in Atlanta Cheating Scandal." It reported that "for 10 years, hundreds of Atlanta public school teachers and principals changed answers on state tests in one of the largest cheating scandals in U.S. history." More than three-quarters of the 56 Atlanta schools investigated had cheated on the National Assessment of Educational Progress test, sometimes called the national report card.

Read full article... Read full article...

 


Politics

Tuesday, January 08, 2013

Successful, But Looking For An Escape Hatch from America / Politics / Social Issues

By: Jeff_Berwick

[Editor’s Note: The following post is by TDV legal correspondent, Jim Karger]

Jerry Loftus is laid back, inquisitive, and easy to talk to. He is also a successful US businessman, co-owner of a masonry and concrete repair and restoration company in Chicago, Illinois, and an avid TDV reader. He and his charming wife, Gina, spent 10 days with us in our San Miguel de Allende compound. Jerry is 53 years old, never been in trouble with the law, but like so many of our TDV visitors, is considering leaving the United States. I interviewed him on our rooftop in San Miguel de Allende, Mexico, sharing margaritas on a typical cloudless 70 degree afternoon.

Read full article... Read full article...

 


Politics

Monday, January 07, 2013

Why The Fiscal Cliff "Deal" is Spelled P-O-R-K / Politics / Government Spending

By: Money_Morning

Keith Fitz-Gerald writes: After narrowly missing the fiscal cliff, the President went out of his way to thank the Senate and Congress for getting things done.

Granted, it wasn't an Academy Award speech, but it could have been given the performance he delivered as he congratulated everybody from his "extraordinary" Vice President Joe Biden to Harry Reid, Nancy Pelosi and even Speaker Boehner.

Read full article... Read full article...

 


Politics

Monday, January 07, 2013

Statist Philosophy the Scourge of Christianity / Politics / Religion

By: BATR

The normal condition of man ruling over men resorts to the practice of coercive force. Statism so aptly reflects this system of compliance. When you strip away all the rhetoric and institutional validation, what is left is a doctrine of kingship. Governments are fashioned to exert control over people. Contemplate the intrinsic contradiction of this structure of dominance with the message of the Golden Rule.

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Politics

Sunday, January 06, 2013

Institutionalized Inequality in America: Widening Gap Between Rich and Poor / Politics / US Politics

By: Stephen_Lendman

Millions of Americans face lump of coal harshness this holiday season. It’s no different throughout the year. Annually, things get worse.

Hard times reflect what growing numbers endure. Bipartisan complicity bears full responsibility.

Read full article... Read full article...

 


Politics

Sunday, January 06, 2013

Ponzi Finance - Ponzi Wealth / Politics / Banksters

By: Andrew_McKillop

WHAT GOES UP, GOES DOWN
Offically released on Jan 1, 2013 the Boston Consulting Group's "shock report" by Daniel Stelter and his colleagus on what 3 decades of Ponzi finance has done to real wealth in the developed-OECD group of countries has been available since mid-December but not widely commented. The title says it all: "Ending the Era of Ponzi Finance"

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Politics

Sunday, January 06, 2013

Ron Paul on Fiscal Cliff Deal Hypocrite Republicans / Politics / US Politics

By: Mike_Shedlock

Here is a post on Facebook a couple days ago that is worth a read in entirety. I will post the entire article along with a few thoughts.

We Are Already Over the Fiscal Cliff by Ron Paul

Despite claims that the Administration and Congress saved America from the fiscal cliff with an early morning vote today, the fact is that government spending has already pushed Americans over the cliff. Only serious reductions in federal spending will stop the cliff dive from ending in a crash landing, yet the events of this past month show that most elected officials remain committed to expanding the welfare-warfare state.

Read full article... Read full article...

 


Politics

Sunday, January 06, 2013

The Mayans Have Competition, Mutant War Future / Politics / Social Issues

By: Andrew_McKillop

Mayans believed that robot-like warriors, linked to their alphabet soup of sombre and deadly gods with names like Yum Cimil and Ah Puke (sic), were prowling on dark nights and inauspicious days: about 9 out of 10 days and nights, that is. In the USA of today, bionic warfare is rapidly emerging from the shadows of the imagination and with it, the fear of robot soldiers. Under a gripping photo of a US Army soldier testing the Lockheed Martin HULCE or HUman Load Carrier Exoskeleton, 'Wired Magazine', on January 1st, told its readers they have a mutant future coming - defined as a robot military future.

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Politics

Saturday, January 05, 2013

Rick Santelli Is Right, the Democrats are the Lunatics! / Politics / Government Spending

By: EconMatters

Today on CNBC during the coverage of the monthly employment report, Rick Santelli pointed out that there is some absurdity in calling the Republicans “lunatics” when they are the only responsible voice in Washington right now trying to call attention to the out of control government spending in the overall context of an unsustainable federal deficit while the Democrats are running the country into the ground with even additional spending programs that the government has to borrow more money to fund.

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Politics

Friday, January 04, 2013

U.S. Treasury Bond Market's Last Pillar Crumbles / Politics / US Bonds

By: Peter_Schiff

With the return of Shinzo Abe and his Liberal Democratic Party to power in Japan, the market for US Treasuries may be losing its last external pillar of support. Re-elected on September 26th, Abe has quickly set a course for limitless inflation, saying Japan must "free itself from deflation and the strong yen." This is significant to the global economy as Japan is the largest foreign power left with a strong appetite for US Treasuries. If this demand falters, the Fed may be the only remaining buyer of new Treasury issuance.

Read full article... Read full article...

 


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