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Analysis Topic: Politics & Social Trends

The analysis published under this topic are as follows.

Politics

Thursday, November 21, 2013

Did An Obscure IMF Document Start Global Bail-In Revolution? / Politics / Credit Crisis 2013

By: Dan_Amerman

When revolutions start, it's not uncommon for almost nobody to notice. It may take years or even decades before historians can look back, point a finger and say "that's where it really began."

An obscure International Monetary Fund "Staff Discussion Note" may have already started a "Bail-In" financial revolution that could transform the global investment world.

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Politics

Thursday, November 21, 2013

No Alternative World And The Post-Crash Revolt / Politics / Social Issues

By: Andrew_McKillop

JP MORGAN AND THE STATISTS
The “monster fine” to be paid by JP Morgan for what Eric Holder, the US Attorney General said himself, in an interview with NBC News, was the bank's direct role in the biggest world financial crisis since the Great Depression had little or no impact on investor sentiment. News of the fine produced a small uptick in JP Morgan shares as investors shrugged off the news of the bank's headline $13 billion settlement with the raft of lawsuits by the Federal Justice Department, State justice departments, and other federal agencies. Barry Grey http://www.marketoracle.co.uk/Article43212.html cited a report from Reuters explaining the penalty is tax deductible. The news agency quoted Gregg Polsky, a law professor at the University of North Carolina, as saying what the bank will actually pay as fines would effectively be reduced by $4 billion.

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Politics

Thursday, November 21, 2013

Grand Theft Pentagon, Massive Waste and Fraud / Politics / US Military

By: Stephen_Lendman

Longstanding Pentagon operations reflect a black hole of unaccountability. Reuters published a two-part report. In July, it discussed the Defense Department’s “payroll quagmire.”

It’s bureaucracy is stifling. It’s “unyielding,” said Reuters. Active duty and retired military personnel are routinely cheated. Pay errors are widespread.

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Politics

Thursday, November 21, 2013

A Limited Central Bank For Improving Monetary Policy Effectiveness / Politics / US Federal Reserve Bank

By: John_Mauldin

This week’s Outside the Box is unusual, even for a letter that is noted for its unusual offerings. It is a speech from last week by Charles I. Plosser, President of the Federal Reserve Bank of Philadelphia at (surprisingly to me) the Cato Institute’s 31st Annual Monetary Conference, Washington, DC.

I suppose that if Dallas Fed President Richard Fisher had delivered this speech I would not be terribly surprised. I suspect there are some other Federal Reserve officials here and there whoare in sympathy with this view Plosser presents here, but for quite some time no serious Fed official has outlined the need for a limited Federal Reserve in the way Plosser does today. He essentially proposes four limits on the US Federal Reserve:

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Politics

Wednesday, November 20, 2013

US Government Lets JPMorgan Off the Hook for Mortgage Fraud / Politics / Banksters

By: Barry_Grey

On Tuesday, the US Justice Department announced a long-awaited official settlement with JPMorgan Chase & Co., the largest US bank, on an array of charges by state and federal agencies related to the bank’s sale of toxic mortgage-backed securities, which contributed to the 2008 financial crash.

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Politics

Wednesday, November 20, 2013

Middle Class and To QE or not to QE? / Politics / Quantitative Easing

By: Jonathan_Davis

Of course, anyone who knows me will already know the answer to that. I often include this in tweets: #BanQE

It is proven beyond doubt (except for the liars – the politicians, the bankers, the central bankers, the media, the multi nationals – who pretend it has worked) that it has enriched the rich and the financial elite and it has impoverished the bulk of folk.

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Politics

Wednesday, November 20, 2013

New American Retirement Nightmare, No More Money to Retire / Politics / Pensions & Retirement

By: Mike_Shedlock

Except for public union workers with pensions that ultimately will not be met, retirement age for most keeps inching up.

People need to work longer or go back to work after a few years of retirement because they have insufficient savings. This creates competition between those over 60 and those under 20 for low-paying jobs.

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Politics

Tuesday, November 19, 2013

Janet Yellen “Pink Dream” and a Coming Economic Nightmare / Politics / US Federal Reserve Bank

By: Joseph_T_Salerno

On Monday, former Fed official Andrew Huszar publicly apologized to the American public for his seminal role in executing the Quantitative Easing (QE) program, a program he characterizes as “the greatest backdoor Wall Street bailout of all time,” and “the largest financial-markets intervention by any government in world history.” While this is a momentous admission from an insider (Mr. Huszar is also a former Wall Street banker), perhaps Mr. Huszar’s most revealing statement concerned the results of QE’s “relentlessly pumping money into the financial markets during the past five years.” He referred to the spectacular rally in financial markets and expressed agreement with the growing belief among expert observers that market conditions had become “bubble-like.”

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Politics

Tuesday, November 19, 2013

America's New Police State Iron Curtain, Shutting Citzens In and Out / Politics / US Politics

By: Jeff_Berwick

Wendy McElroy writes: An iron curtain is slowly descending around the borders of America. When it falls, some people will be shut in; others will be shut out. It will be up to bureaucrats and agents with guns to decide which one of those people you are.

Changes in border policy are in the wind. On June 27th, 2013, the 1,300-page Border Security, Economic Opportunity, and Immigration Modernization Act passed the Senate and proceeded to the House of Representatives. Debate on the Act has focused on the path of citizenship being extended to the estimated 11 million illegal immigrants in America. This is controversial because Republicans fear that the new Americans, and especially Hispanics, will vote Democrat in upcoming elections. Happily, the bill has stalled in the House.

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Politics

Tuesday, November 19, 2013

U.S. Debt Russian Roulette? / Politics / US Debt

By: Andy_Sutton

One of the biggest shames in the world is when someone else has to take care of your business when you are perfectly capable of doing so yourself. It used to be the ultimate form of embarrassment. However, we in the United States have turned shame into an art form over the past hundred years or so, squandering everything from our riches and blessing to the sacred honor Thomas Jefferson wrote about all those years ago in a document that is barely covered in most school curriculums today.

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Politics

Tuesday, November 19, 2013

Darwinism Is Nonsensical as well as very Politically Correct / Politics / Evolution

By: LewRockwell

Fred Reed writes: The intent of this essay is not to debate with the ardent of evolutionism, which is the Political Correctness of science. To do so would be pointless. The greatest intellectual divide is not between those who believe one thing and those who believe another, but between those who have an emotional need to believe something fervently and those who can say, “I don´t know.” The former group comprises those tedious Darwinists and Creationists who robotically hurl imprecations at each other like fans of rival football teams. Each blockheadedly refuses to concede the slightest possibility that its doctrine might be other than infallible. To my mind they constitute the best evidence that we did not descend from monkeys, but have not yet ascended to them. Stupidity beyond a certain point is intractable.

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Politics

Monday, November 18, 2013

America’s Chemical Weapons Hypocrisy, Conspiracy and a Forgotten History / Politics / US Politics

By: Global_Research

Felicity Arbuthnot writes: “The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists.” (J.Edgar Hoover,1895-1972.)

Since the fairy tale about weapons of mass destruction that can be launched against Western targets “within forty five minutes” is well past it’s sell by date, the trans-Atlantic hasbara industry has dreamed up a new Grim Reaper for Syria, their latest quarry: chemical weapons.

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Politics

Monday, November 18, 2013

Ron Paul - Federal Reserve Bank Steals From The Poor and Gives to The Rich / Politics / US Federal Reserve Bank

By: Dr_Ron_Paul

Last Thursday the Senate Banking Committee held hearings on Janet Yellen's nomination as Federal Reserve Board Chairman. As expected, Ms. Yellen indicated that she would continue the Fed's "quantitative easing" (QE) polices, despite QE's failure to improve the economy. Coincidentally, two days before the Yellen hearings, Andrew Huszar, an ex-Fed official, publicly apologized to the American people for his role in QE. Mr. Huszar called QE "the greatest backdoor Wall Street bailout of all time."

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Politics

Monday, November 18, 2013

Banks Syphoning Off the Financial Blood of their Customers / Politics / Banksters

By: James_Quinn

Reports like the recent one from SNL Financial – Branch Networks Continue to Shrink really get my goat. As I travel the increasingly vacant highways of Montgomery County, PA I’m keenly aware of my surroundings. If I were a foreigner visiting for the first time, I’d think Space Available was the hot new retailer in the country. I’ve detailed the slow disintegration of our suburban sprawl paradise in previous articles:

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Politics

Saturday, November 16, 2013

The Yellen Dilemma - Rebel Now Bagholder / Politics / US Federal Reserve Bank

By: Jim_Willie_CB

Janet Yellen appeared before the Senate Banking Committee on the approval process, more a production than a process. The veteran economist and banker was given respectful treatment. The good Senators do not wish to be subjected to smear campaigns (see Menendez of New Jersey) or to have their banker donations cut off, better described as relentless bribery toward policy control. After all, Wall Street firms wrote the Financial Regulatory Bill. She will be confirmed for the US Federal Reserve Chair post with some minor heckling by the Senators. Expect Corker (Tennessee), Vitter (Louisiana), and Rand Paul (Kentucky) to pitch in some salty commentary. Yellen fits the job description as an insider, with ample experience inside the Federal Reserve Board and the Council of Economic Advisors, with the correct tribal pedigree. She has carefully scripted her own commentary, with some tacit comprehension of the impossible task of fostering a strong enough economy to sustain itself toward spinning off adequate job growth. Yellen will continue the Zero Interest Rate Policy Forever and a day, since raising rates would kill the economic structure and financial lattice work.

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