Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
The Big Short 2020 – World Pushes Credit/Investments Into Risk Again - 11th Jul 20
The Bearish Combination of Soaring Silver and Lagging GDX Miners - 11th Jul 20
Stock Market: "Relevant Waves Vs. Irrelevant News" - 10th Jul 20
Prepare for the global impact of US COVID-19 resurgence - 10th Jul 20
Golds quick price move increases the odds of a correction - 10th Jul 20
Declaring Your Independence from Currency Debasement - 10th Jul 20
Tech Stocks Trending Towards the Quantum AI EXPLOSION! - 9th Jul 20
Gold and Silver Seasonal Trend Analysis - 9th Jul 20
Facebook and IBM Tech Stocks for Machine Learning Mega-Trend Investing 2020 - 9th Jul 20
LandRover Discovery Sport Service Blues, How Long Before Oil Change is Actually Due? - 9th Jul 20
Following the Gold Stock Leaders as the Fed Prints - 9th Jul 20
Gold RESET Breakout on 10 Reasons - 9th Jul 20
Fintech facilitating huge growth in online gambling - 9th Jul 20
Online Creative Software Development Service Conceptual Approach - 9th Jul 20
Coronavirus Pandemic UK and US Second Waves, and the Influenza Doomsday Scenario - 8th Jul 20
States “On the Cusp of Losing Control” and the Impact on the Economy - 8th Jul 20
Gold During Covid-19 Pandemic and Beyond - 8th Jul 20
UK Holidays 2020 - Driving on Cornwall's Narrow Roads to Bude Caravan Holiday Resort - 8th Jul 20
Five Reasons Covid Will Change SEO - 8th Jul 20
What Makes Internet Packages Different? - 8th Jul 20
Saudi Arabia Eyes Total Dominance In Oil And Gas Markets - 7th Jul 20
These Are the Times That Call for Gold - 7th Jul 20
A Reason to be "Extra-Attentive" to Stock Market Sentiment Measures - 7th Jul 20
The Beatings Will Continue Until the Economy Improves - 6th Jul 20
The Corona Economic Depression Is Here - 6th Jul 20
Stock Market Short-term Peaking - 6th Jul 20
Gold’s Major Reversal to Create the “Handle” - 5th July 20
Gold Market Manipulation And The Federal Reserve - 5th July 20
Overclockers UK Custom Build PC Review - 1. Ordering / Stock Issues - 5th July 20
How to Bond With Your Budgie / Parakeet With Morning Song and Dance - 5th July 20
Silver Price Trend Forecast Summer 2020 - 3rd Jul 20
Silver Market Is at a Critical Juncture - 3rd Jul 20
Gold Stocks Breakout Not Confirmed Yet - 3rd Jul 20
Coronavirus Strikes Back. But Force Is Strong With Gold - 3rd Jul 20
Stock Market Russell 2000 Gaps Present Real Targets - 3rd Jul 20
Johnson & Johnson (JNJ) Big Pharma Stock for Machine Learning Life Extension Investing - 2nd Jul 20
All Eyes on Markets to Get a Refreshed Outlook - 2nd Jul 20
The Darkening Clouds on the Stock Market S&P 500 Horizon - 2nd Jul 20
US Fourth Turning Reaches Boiling Point as America Bends its Knee - 2nd Jul 20
After 2nd Quarter Economic Carnage, the Quest for Philippine Recovery - 2nd Jul 20
Gold Completes Another Washout Rotation – Here We Go - 2nd Jul 20
Roosevelt 2.0 and ‘here, hold my beer' - 2nd Jul 20
U.S. Dollar: When Almost Everyone Is Bearish... - 1st Jul 20
Politicians Prepare New Money Drops as US Dollar Weakens - 1st Jul 20
Gold Stocks Still Undervalued - 1st Jul 20
High Premiums in Physical Gold Market: Scam or Supply Crisis? - 1st Jul 20
US Stock Markets Enter Parabolic Price Move - 1st Jul 20
In The Year 2025 If Fiat Currency Can Survive - 30th Jun 20
Gold Likes the IMF Predicting a Deeper Recession - 30th Jun 20
Silver Is Still Cheap For Now - 30th Jun 20
More Stock Market Selling Ahead - 30th Jun 20
Trending Ecommerce Sites in 2020 - 30th Jun 20
Stock Market S&P 500 Approaching the Precipice - 29th Jun 20
APPLE Tech Stock for Investing to Profit from the Machine Learning Mega trend - 29th Jun 20
Student / Gamer Custom System Build June 2020 Proving Impossible - Overclockers UK - 29th Jun 20
US Dollar with Ney and Gann Angles - 29th Jun 20
Europe's Banking Sector: When (and Why) the Rout Really Began - 29th Jun 20
Will People Accept Rampant Inflation? Hell, No! - 29th Jun 20
Gold & Silver Begin The Move To New All-Time Highs - 29th Jun 20
US Stock Market Enters Parabolic Price Move – Be Prepared - 29th Jun 20
Meet BlackRock, the New Great Vampire Squid - 28th Jun 20
Stock Market S&P 500 Approaching a Defining Moment - 28th Jun 20

Market Oracle FREE Newsletter

AI Stocks 2020-2035 15 Year Trend Forecast

The Demise of Democracy Whilst Americans Cheer the Final Four

Commodities / Gold and Silver 2012 Mar 27, 2012 - 03:19 AM GMT

By: Danny_Schechter

Commodities

Best Financial Markets Analysis ArticleMarch seems to be leaving us like a lamb, although “March Madness” is still in effect, as college basketball marched into “The Final Four”

It is safe to predict that more Americans are paying attention to the action on the courts than the tired rhetoric and electoral mash-up where another final four bid for our attention, over-hyped in confrontational terms by political commentators who, like their sports counterparts, are just there to keep score:


They are in the endless update business focused on who is up, who’s down, and who is out-- in the cold.

The sports analysts tend to be better dressed and more adept at “color” coverage while the pundits become more and more knee jerk and predictable which is why networks like CNN seem to invent new gadgets and graphic displays by the day. Have you seen their “cube?”

Let’s see: in the elephant camp, we have Mitt on first, Rick on second and Newt a distant third. Ron Paul has already been sent to the showers by the media who long ago downrezed his campaign, probably, because, from time to time, he was making sense in his criticisms of the Fed and the wars,

Over in Donkey land, the final member of the boresome, Barack Obama, is racing around the country and the world to position himself as the only adult in the room.

Last week, he was in South Ohio taking energy; this week, he’s in South Korea talking nukes, adding his fingerprinting to the global chorus of condemnation of the nasty North, insisting that “we” can’t “reward their bad behavior.” 

I am not sure how many votes our Soul Brother #1 expects from the people of Seoul.

I would hope he would rather be dunking baskets in the Final Four than signing new laws and executive orders dunking the Constitution. He has clearly calculated that his hopes for re-election depend in the public perceiving him as a hard-line commander in chief steering us smoothly through a dangerous world.

While his opponents babble, he seeks to be, ready for battle.

That’s why the President has been playing footsie with Netanyahu, pledging that Israel has his “back” while, at the same time, trying to stop the lunatics of Likud from doing anything stupid and unilateral that he and his national security apparatchiks can’t control.

As they say, timing is everything.

The Pentagon’s Panetta, a pol to his core, is making his own contingency plans for a military conflict that will likely do more good for the POTUS politically in October than in the Spring or Summer.

Anyone remember that phrase, “October Surprise? ” Don’t rule one out this year.

Notice, how in recent months, the White House has been escalating the hostility and sanctions against Tehran, Bear in mind that Tehran and Tel Aviv have elections of their own underway that relish the presence of an external enemy.

Our craven media is quite willing to play the fear card too because it will drive up ratings and revenues. Remember their mantra; “when it bleeds, it leads.”

Obama is clearly trying to keep the Afghan War going as he expands the drone wars in places like Pakistan, Yemen and Somalia.

At the same time, the public is increasingly unimpressed .A New York Times/CBS News poll finding that 69 percent of Americans surveyed think that the United States should not be at war in Afghanistan. 69 is a number that people remember!

Our jihad against the Taliban has blown back against us, with Afghans protesting our outrages and some shooting NATO soldiers. The peace talks went nowhere and the only question is: can the Pentagon hold on past the election.

Obama can’t really run on an economy not in real recovery.  Even as he ‘tsk, tsks’ the growth in economic inequality, his onetime “Car Czar,” Steven Ratner, a financier and journalist, is writing in the New York Times about how the rich got richer under his watch:

“New statistics show an ever-more-startling divergence between the fortunes of the wealthy and everybody else — and the desperate need to address this wrenching problem. Even in a country that sometimes seems inured to income inequality, these takeaways are truly stunning.

In 2010, as the nation continued to recover from the recession, a dizzying 93 percent of the additional income created in the country that year, compared to 2009 — $288 billion — went to the top 1 percent of taxpayers, those with at least $352,000 in income. That delivered an average single-year pay increase of 11.6 percent to each of these households.”

It wasn’t surprising when Occupy Wall Street plastered his article on their own website. It is a point they have been making repeatedly.

And speaking of money, the Obama campaign was forced to backtrack on its opposition to SuperPACs as the grassroots support that it mesmerized in 2008 dried up because of disenchantment, if not fury, at the President’s centrist neo-liberalism that long ago morphed into neo-conservatism.
.
The Democrats are now trying to compete with a GOP juggernaut of almost unlimited resources thanks to brigades of billionaires that see Obama as the anti-Christ and worse.

They are literally shoveling cash into their crusade as the election gets crasser and more about money than any sense of political mission.

With his base dispirited, Obama’s only real assets for now, in the absence of global state of emergency, are the cartoon-like Republicans who shrilly denounce him and each other. They all have their “Etch A Sketch” toys at the ready.

The Supreme Court, best known for its infamous Citizens United decision is likely to can Obama’s troubled health care reform.

The Daily Beast fears it is “setting up a high-stakes ruling that could set the agenda for fall’s election.” They ask, “ Was it a political misstep for Obama to spend so much political capital.”

•Should we anticipate another step backward even if many real health care advocates believe this law was never a real step forward?

•Can those of us disgusted with this whole process of rapid devolution build a meaningful alternative that goes beyond protest?

•Will the soldiers of Occupy unite on a program (or somethin’), or mic-check their way to marginality?

Jeff Smith writes on Daily Beast, “It comes down to something more than a standoff with the local police, a sense that larger issues of economic fairness and citizen enfranchisement are at play, that we can reclaim our government and our commons from the moneyed interests that have co-opted both, and that what had seemed like pipe dreams are moving into reach as the movement’s message spreads and its numbers grow.
Those moments alternate with deflating ones, when Occupy feels like a depressing reminder of the world we’re stuck with now: tepid protests where unions and the street team of the Democratic Party try to assume the mantle of the occupation..”

At a minimum, can we ask the powers that be to craft a release form for the rest of us—a document like the one iTunes keeps asking us to read and approve in a country dominated by an unresponsive and increasingly brutal oligarchy in which power and privilege is concentrated at the very top of the pyramid?

Are we ready to just read about the demise of democracy and click “Agree?  Or can we decide its time to resist while we still have some time?

There’s more to do than cheer the final four!

News Dissector Danny Schechters film and book Disinformation. For more information, Http://www.plunderhecrimeofourtime.com.

    News Dissector Danny Schechter has made a film and written a book on the “Crime Of Our Time.” (News Dissector.com/plunder.) Comments to dissector@mediachannel.org

    © 2012 Copyright Danny Schechter - All Rights Reserved
    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

glenn
29 Mar 12, 03:04
final four is meaningless

Our global exponential growth in knowledge now and for the first time in this history of mankind grossly exceeds our finite ability to manage and/or govern our speed of change and complexity of the global human race.

Hence,we are in the implosion era where society as we know it can only fail by the sheer weight of its over extended and out of control parabolic expansion as compared to the miniscule linear growth capacity to control the outcome.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules