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Market Oracle FREE Newsletter

Analysis Topic: Politics & Social Trends

The analysis published under this topic are as follows.

Politics

Wednesday, July 04, 2012

Supreme Errors by U.S. Supreme Court in Upholding Obama's Health Care Plan / Politics / US Politics

By: Peter_Schiff

Best Financial Markets Analysis ArticleIn the wake of my last commentary on the horrendous Supreme Court decision upholding Obama's health care plan, several people have pointed out that I erred in saying that the income tax is a "direct tax." While it is technically correct that the Court ultimately declared it to be an excise, not a direct tax, it is important to understand how it arrived at that opinion and why the decision has no practical relevance to the way the tax has been enforced. Just as it has done with Obamacare, the Court came up with a technically constitutional pathway to allow the government to collect a tax in a blatantly unconstitutional manner.

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Politics

Wednesday, July 04, 2012

Angela Merkel Celebrates Declaration of Austerity / Politics / Eurozone Debt Crisis

By: Axel_Merk

Best Financial Markets Analysis ArticleSpain may have the best soccer team, but it lost control of its banking system. That's good news: the success of the Eurozone summit is not about money, but about process. For the first time in months, it appears there's a sensible path forward. For the budding euro rally to continue, actions must follow words; regardless, however, there will be investment opportunities, but don't count on the U.S. dollar to carry the day.

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Politics

Tuesday, July 03, 2012

Governments Spend Wealth Instead of Building It / Politics / Government Spending

By: Bill_Bonner

Best Financial Markets Analysis ArticleParis, France – “The US seems to have gotten the worst of it,” said a French friend this morning. We were taken aback. Everyone knows Europe is in a state of permanent crisis. The US seems solid by comparison, no?

“Now that the Supreme Court has approved Obamacare, you have the same problems we have in Europe, social welfare spending with no limits…plus you have your colossal military spending. You have both ‘bread and circuses,’ just like the ancient Romans. You are doomed.”

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Politics

Tuesday, July 03, 2012

U.S. Taxmageddon Just Got More Frightening / Politics / Taxes

By: Money_Morning

Best Financial Markets Analysis ArticleDiane Alter writes: Political battles will take center stage in the second half of 2012, but few loom larger than the scheduled tax increases - "Taxmageddon" - set to take effect in January 2013.

Bush-era tax cuts, payroll tax breaks and other provisions set to expire next year could pack an enormous financial hit, harming the already-fragile U.S. economy and thousands of struggling families. While Democrats and Republicans alike are opposed to letting all the cuts expire, they disagree on exactly what to do about it.

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Politics

Tuesday, July 03, 2012

The Greatest Story Ever Written or Will be Written / Politics / US Politics

By: Money_Morning

Best Financial Markets Analysis ArticleSteve Christ writes: Ask practically any American this week about their country, and they will likely tell you that - despite its faults - the United States is the greatest nation on earth.

I would even take it a step further by saying the United States is the greatest country there is, ever was, and ever will be...

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Politics

Tuesday, July 03, 2012

Notes On Mainstram Economics Is A Cult / Politics / Economic Theory

By: Submissions

Mark Blair writes:

‘Such disdain for empirical verification is not found in the physical sciences.’
Washington’s Blog

Maternal instinct? ‘Probably imaginary. An excuse to justify and perpetuate sexism.’
Encyclopedia of Feminism, Tuttle, L.

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Politics

Tuesday, July 03, 2012

God Particle Finally Found: Brand New Physics Now In The Making? / Politics / Technology

By: DK_Matai

Best Financial Markets Analysis ArticleScientists working with the world's most powerful atom smasher -- the Large Hadron Collider (LHC) -- outside Geneva at the European organisation for nuclear research (CERN) are expected to announce to the world on Wednesday 4th July 2012 that they have finally found the elusive Higgs boson – dubbed the 'God particle' because it brings mass and defines order in the universe.  The results Cern scientists are preparing to announce are exactly like finding the very first fossilised imprint of a dinosaur:  One sees the footprints and the shadow of the vast and formidable creature, but one doesn't actually see IT at all!

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Politics

Tuesday, July 03, 2012

Audit the Fed Headed for the House Floor! / Politics / US Politics

By: Dr_Ron_Paul

Last week supporters of Federal Reserve transparency had a major victory when the House Committee on Government Oversight and Reform passed my Audit the Fed bill, HR 459 unanimously with all major audit provisions intact. This clears the way for a House floor vote expected sometime in late July, and with a whopping 263 cosponsors, the chances of it passing have never looked better! This is an unprecedented opportunity for transparency into how the currency of the United States is handled, and mishandled by the Federal Reserve. It is more important than ever that my colleagues in the House and Senate understand what this legislation does and why it is so important.

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Politics

Monday, July 02, 2012

The Exact Moment Greece Will Leave the Euro / Politics / Eurozone Debt Crisis

By: Graham_Summers

Best Financial Markets Analysis Article…the second Greek parliamentary elections in as many months came and went. While the media is making a big deal of the fact that the anti-bailout SYRIZA party didn’t win, the facts remain that the elections haven’t really accomplished anything of significance for Greece’s fiscal condition or the likelihood of it staying within the EU.

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Politics

Monday, July 02, 2012

Marc Faber Says Germany Should have Abandoned the Eurozone Last Week / Politics / Eurozone Debt Crisis

By: Bloomberg

Best Financial Markets Analysis ArticleMarc Faber, publisher of the Gloom, Boom and Doom Report, spoke with Bloomberg Television's Betty Liu this morning and said that, "If I were running Germany, I would have abandoned the eurozone last week."

Faber went on to say, "In the case of Greece, one should have kicked out Greece three years ago. It would have been much cheaper."

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Politics

Monday, July 02, 2012

At Long Last the Euro Is Finally Being Saved / Politics / Euro

By: Christopher_Quigley

Best Financial Markets Analysis ArticleFriday the 29th of June 2012 will go down as one of the most important dates in the history of the Euro
currency. In the early hours of that fateful morning German resistance to a rational and comprehensive
resolution to the Euro crisis was finally crushed. It will take some time for the full implications of this
historic result to filter through to the markets but the fact that the dark cloud of dissolution of the Euro is
now passing can only be positive.

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Politics

Monday, July 02, 2012

Time for the Second American Revolution / Politics / US Politics

By: BATR

Best Financial Markets Analysis ArticleFor well over the last decade BATR has argued that the Republic is dead. Now that the Supreme Court has rendered their decision on Obamacare, there can be no doubt that the funeral for a nation, born out of a revolution for liberty, is over. The country, buried in the ashes of totalitarian despotism, is now history.

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Politics

Monday, July 02, 2012

Italy in Crisis: The Decline of the Roman Democracy and Rise of the ‘Super Mario’ Technocracy / Politics / Italy

By: Andrew_G_Marshall

Diamond Rated - Best Financial Markets Analysis ArticleThe European debt crisis continues into its third year, with four government bailouts – of Greece, Italy, Portugal, and Spain – and having imposed harsh austerity measures upon the people of Europe, forcing them to pay – through reduced standards of living and increased poverty – for the excesses of their political and financial rulers. Italy, as Europe’s third largest economy, with one of the largest debt-to-GDP ratios, plays a central role in the unfolding debt crisis across Europe. Part 1 of this excerpt from a chapter on the economic crisis in my upcoming book covers the “suspension” of democracy in Italy and the imposition of a ‘Technocracy’ – an unelected government led by academics and bankers – with a mandate to punish the people, facilitate the financial elite, and serve the interests of the supranational, unelected, technocratic European Union. Power centralized, power globalizes, power plunders and profits on the punishment and impoverishment of people everywhere. This is the story of Italy’s debt crisis.

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Politics

Sunday, July 01, 2012

Free Markets, Libertarians, Trade Deficits,Economic Decline: Joseph Cotto Interviews Ian Fletcher / Politics / Economic Theory

By: Ian_Fletcher

Best Financial Markets Analysis ArticleJournalist Joseph Cotto interviewed me recently. Our conversation is below.

Q: Today, many people tend to confuse the concepts of free markets, free trade, and fair trade with one another. How would you describe each?

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Politics

Sunday, July 01, 2012

NO - A Profound Exercise of Freedom / Politics / Financial Markets 2012

By: Barry_M_Ferguson

Best Financial Markets Analysis ArticleFrom Dictionary.com, the word ‘no’ means ‘a negative used to express dissent, denial, or refusal, as in response to a question’. It seems to be such a simple word. But, the power of ‘no’ is lost on modern society. The ability to exercise the word ‘no’ is a profound exercise of freedom. If we can’t say ‘no’, then we have no freedom. Slaves cannot exercise the word ‘no’.

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Politics

Saturday, June 30, 2012

British Parliament: the Mother of all Deceptions / Politics / UK Politics

By: William_Bowles

Best Financial Markets Analysis ArticleThere -- it sickens one to have to wade through this grimy sea of opportunism. What a spectacle of shuffling, lies, vacillation and imbecility does this Game Political offer to us? I cannot conclude without an earnest appeal to those Socialists, of whatever section, who may be drawn towards the vortex of Parliamentarism, to think better of it while there is yet time. If we ally ourselves to any of the presen[t] parties they will only use us as a cat's-paw; and on the other hand, if by any chance a Socialist slips through into Parliament, he will do so at the expense of leaving his principles behind him; he will certainly not be returned as a Socialist, but as something else; what else is hard to say. As I have written before in these columns, Parliament is going just the way we would have it go. Our masters are feeling very uncomfortable under the awkward burden of GOVERNMENT, and do not know what to do, since their sole aim is to govern from above. Do not let us help them by taking part in their game. Whatever concessions may be necessary to the progress of the Revolution can be wrung out of them at least as easily by extra-Parliamentary pressure, which can be exercised without losing one particle of those principles which are the treasure and hope of Revolutionary Socialists. -- William Morris, the Commonweal, Volume 1, Number 10, November 1885, p. 93.[1]

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Politics

Saturday, June 30, 2012

Mainstream Economics is a Cult / Politics / Economic Theory

By: Washingtons_Blog

Diamond Rated - Best Financial Markets Analysis ArticleNeoclassical Economics Is Based on Myth

Neoclassical economics is a cult which ignores reality in favor of shared myths.

Economics professor Michael Hudson writes:

[One Nobel prize winning economist stated,]  “In pointing out the consequences of a set of abstract assumptions, one need not be committed unduly as to the relation between reality and these assumptions.”

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Politics

Saturday, June 30, 2012

The Global Debt Trap, Come on People, Wake Up! / Politics / Global Debt Crisis 2012

By: Joseph_Russo

Best Financial Markets Analysis ArticleThe never-ending D-Days of the 21st Century are getting extremely dangerous.

The revolving 'D's are all disgustingly circular, establishing a vile state, destabilizing in its nature, which entrenches a widespread destructive status-quo paralysis throughout the fabric and core of all societies subject to them.

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Politics

Saturday, June 30, 2012

U.S. Healthcare Legal Gimmickry Rescues Obamacare / Politics / US Politics

By: Peter_Schiff

Best Financial Markets Analysis ArticleDespite the celebrations among Democrats, yesterday a majority of Supreme Court justices ruled that the Constitution does not allow the government to force Americans to buy health insurance. However in providing the swing vote to uphold the Affordable Care Act (aka Obamacare) Chief Justice John Roberts broke with the four other justices who shared that view by declaring that the methods chosen to get individuals to buy insurance were not penalties but taxes. He declared that the government wasn't legislating behavior, but simply taxing it. In reaching this tortured decision he erred by declaring the penalties to be taxes and then compounded the mistake by classifying them as "indirect taxes" that are not imposed on individuals. Apparently Roberts feels that these two wrongs will make a right. But his mistake will cost this country dearly.

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Politics

Saturday, June 30, 2012

Bank of England, FSA and Politicians Try to Insulate themselves from Bankster Fraud Fallout / Politics / UK Banking

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleThe Bank of England, FSA and politicians of all parties have been busy all week putting up multiple screens of smoke and mirrors to try and separate themselves from their bankster brethren despite the facts of close relationships between all parties that amounts to negligence to regulate and hold bankster's to account where the fundamental fact remains that despite all of the continuing crimes amounting to an ongoing risk of actual bankruptcy of Britain i.e. continuing to inflict far more financial damage than the likes of Al-Qeeda could ever have hoped to have imagined to achieve, NO bankster criminal has gone to prison! The only consequence so far has been to lose a bonus for a year or two, let alone face the sack.

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