Best of the Week
Most Popular
1.Stock Market Crash and Recession Indicator Warning: Extreme Danger Ahead - Harry_Dent
2. Is This How World War III Begins, In Almost Complete Silence? - Jeff_Berwick
3.Trump Wins 2nd Presidential Debate, Betfair Betting Markets Odds Bounce - Nadeem_Walayat
4.Why Krugman, Roubini, Rogoff And Buffett Dislike Gold - GoldCore
5.End of SPX Stock Market Correction Nears - Tony_Caldaro
6.Get Ready for the Future - Exponential Machine Intelligence Mega-trend towards Singularity - Nadeem_Walayat
7.US Housing Market Bubble II – It’s Happening Again! - Andy_Sutton
8.FTSE BrExit Stock Market Panic Crash Resolves towards New All Time Highs - Nadeem_Walayat
9.Can Trump Still Win Despite Opinion Polls, Bookmakers and Pundits all Saying Hillary has Won? - Nadeem_Walayat
10.Gold’s, Miners’ Stops Run - Zeal_LLC
Last 7 days
The Stock Market is an Accident Waiting to Happen - 20th Oct 16
It's Rally Time for Gold and Silver Equities - 20th Oct 16
Cashless Society – Risks Posed By The War On Cash - 20th Oct 16
China's Insanely Leveraged Housing Market Will Enter Its Secular Bull Market In 2017 - 20th Oct 16
Donald Trump Bounces Going into 3rd and Final US Presidential Election Debate - 20th Oct 16
Attention Please: Phase Two of the Gold and Silver Train Now leaving the Station. All Aboard? - 19th Oct 16
How to Successfully Trade a Stock Market Crash - Black Monday October 19th 1987 - 19th Oct 16
Tesla, Apple and Uber Push Lithium Prices Even Higher - 18th Oct 16
Silver, Debt, and Deficits – From an Election Year Perspective - 18th Oct 16
UK Property Market: Slow Growth Does Not Equate To Decline - 18th Oct 16
Trump Election Victory is in Your Power - 18th Oct 16
Stock Market More to Come! - 18th Oct 16
This Past Week in Gold and Silver - 17th Oct 16
A Falling Stock Market Cannot Be Allowed - Financial Repression Is Now “In-Play”! - 17th Oct 16
Commodities, Forex and Stock Market Trend Forecasts - 17th Oct 16
Stock Market Crash..or No Crash? - 17th Oct 16
A perspective on risk rally – Risks abound but Stock Market is Confident - 17th Oct 16
Bank of England Blames Brexit for Sterling Drop Inflation, Masks QE Money Printing Cause - 17th Oct 16
From Piety to Pride to Pity, America's Racial Divide - 17th Oct 16
Is Obama Juicing US Government Spending To Get Hillary Clinton Elected? - 16th Oct 16
Seek Your Independence: Anything Else Will Destroy You - 16th Oct 16
SNL - US Presidential Debates, 1st, 2nd, VP - Like You've Never Seen them Before! - 16th Oct 16
End of Economic Growth Sparks Wide Discontent - 16th Oct 16
Donald Trump on Life Support, May Abandon Election Campaign and War on Republican Party - 15th Oct 16
The Gold Manipulators Not Only Will Be Punished, They Have Been Punished - 15th Oct 16
Black Votes Matter - Is the US on the Verge of Mass Race Riots? - 15th Oct 16
Gold Stocks Screaming Buy - 14th Oct 16
Brace Yourself for the Quadrillion-Dollar Reckoning - 14th Oct 16
The Next Recession Will Blow Out the Budget - 14th Oct 16
John Mauldin: My Infrastructure Plan to Save the US Economy - 14th Oct 16
World War III On The Brink: War Will Continue Until It Triggers Economic Collapse - 14th Oct 16
US T-Bill Rejection At Ports In Progress - 14th Oct 16
These 2 Debt Instruments Pose Peril to Millions of Investors - 14th Oct 16
China’s Rocketing Housing Market Real Estate Bubble - 14th Oct 16
DIY Winter Home Maintenance Money Saving 22 Point Checklist to Get Ready for Winter/Fall - 14th Oct 16
US Stock Market, Big Picture View - 13th Oct 16
Stock Buybacks Main Force Driving Bull Market; Rewards Investors and Starves Innovation - 13th Oct 16
SPX Gapping Down... - 13th Oct 16
Syria - Obama Stepped Back From Brink, Will Hillary? - 13th Oct 16
The Structure and Future of Gold in the Investment and Monetary World - 13th Oct 16
Can Trump Still Win Despite Opinion Polls, Bookmakers and Pundits all Saying Hillary has Won? - 12th Oct 16
Gold and Crude Oil - General Stock Market Links - 12th Oct 16
Samsung's Galaxy Battery Just The Tip Of The Iceberg - 12th Oct 16
Hillary: Deceit, Debt, Delusions (Part Two) - 12th Oct 16
Gold and Silver Metals Show Strength Relative to the USD Index - 12th Oct 16
Announcing Trader Education Week -- a Free Event to Help You Learn to Spot Trading Opportunities - 12th Oct 16
Confirmed Stock Market Sell Signals - 11th Oct 16
Hillary Deceit, Debt, Delusions - 11th Oct 16
Trump Support Crashes to New Low of 6.4 on Betfair Odds Betting Market - 11th Oct 16
The World Is Turning Dangerously Insular - 11th Oct 16
An American Tragedy: Trump Won Big - 11th Oct 16

Free Instant Analysis

Free Instant Technical Analysis

Market Oracle FREE Newsletter

LEARN to Trade

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


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://

    News Dissector Danny Schechter has made a film and written a book on the “Crime Of Our Time.” (News Comments to

    © 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.

© 2005-2016 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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

Catching a Falling Financial Knife