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Analysis Topic: Politics & Social Trends

The analysis published under this topic are as follows.

Politics

Wednesday, May 06, 2015

Those Gruelling U.S. Tax Rates: A Global Perspective / Politics / Taxes

By: Steve_H_Hanke

The Tax Foundation released its inaugural “International Tax Competitiveness Index” (ITCI) on September 15th, 2014. The United States was ranked an abysmal 32nd out of the 34 OECD member countries for the year 2014. (See accompanying Table 1.) The European welfare states such as Norway, Sweden and Denmark, with their large social welfare systems, still managed to have less burdensome tax systems on local businesses than the U.S. The U.S. is even ranked below Italy, the country that has had such a pervasive problem with tax evasion that the head of its Agency of Revenue (roughly equivalent to the Internal Revenue Service in the United States) recently joked that Italians don’t pay taxes because they were Catholic and hence were used to “gaining absolution.” In fact, according to the ranking, only France and Portugal have the dubious honor of operating less competitive tax systems than the United States.

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Politics

Wednesday, May 06, 2015

Do They Really Want to Outlaw Cash? / Politics / Credit Crisis 2015

By: EWI

Some bankers want to charge you for your deposits

Editor's note: You'll find the text version of the story below the video.

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Politics

Wednesday, May 06, 2015

Beyond Baltimore: Political Looting of Nation's Wealth / Politics / US Politics

By: MoneyMetals

Clint Siegner writes: The CVS Pharmacy at the corner of North and Pennsylvania Avenue in Baltimore is a burnt-out shell. You probably saw the video last week. An angry mob carried the store’s inventory out by the armload, then set fire to whatever was left. Company officials are still deciding whether or not to rebuild.

Looting is not good for business in Baltimore. But it is absolutely fantastic for business in Washington DC.

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Politics

Wednesday, May 06, 2015

German Greens Propose Radical Greek Debt Solution / Politics / Eurozone Debt Crisis

By: Raul_I_Meijer

In its German language edition, Der Spiegel ran a piece last night (translation is mine) about a proposal from the German Green Party (Die Grünen) to deal with the Greek debt crisis that is radically different from how its own government has so far approached the situation. The Greens are not in the Berlin government, but they are a force in German politics regardless, if only because the country loves so much to portray itself as green.

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Politics

Wednesday, May 06, 2015

Government's Share of Minimum Wage Increase / Politics / Wages

By: BATR

The working poor suffer disproportionately from the offshoring of high paying jobs. The upsurge an hour in the minimum wage economy is the net result of a consorted effort to lower the standard of living of not just the struggling impoverished but for all scrambling households. When the communist manifesto advocated a progressive income tax, the proletariat was supposed to get a sliver of social justice. Just how well did that hogwash turn out?  

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Politics

Wednesday, May 06, 2015

Yet Another Greek Secret: The Case of Greece's Phantom Assets / Politics / Eurozone Debt Crisis

By: Steve_H_Hanke

When banks are in distress, it is important to assess how easily the bank’s capital cushion can absorb potential losses from troubled assets. To do this, I performed an analysis using Texas Ratios for Greece’s four largest banks, which control 88% of total assets in the banking system.

We use a little known, but very useful formula to determine the health of the Big Four. It is called the Texas Ratio. It was used during the U.S. Savings and Loan Crisis, which was centered in Texas. The Texas Ratio is the book value of all non-performing assets divided by equity capital plus loan loss reserves. Only tangible equity capital is included in the denominator. Intangible capital — like goodwill — is excluded.

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Politics

Tuesday, May 05, 2015

Don’t Be Part of the 95% / Politics / Social Issues

By: Harry_Dent

I heard a speaker make a great observation at a major conference I was speaking at. He said: “95% of people are a genius at something.”

That doesn’t mean they’ll be Einstein or a CEO of a large corporation or a visionary entrepreneur… it just means everyone displays their brilliance in other, sometimes less-noticeable ways.

I have always found that to be true. I am good at what I do, but horrible at so many other things. I couldn’t fix a door knob if you gave me a ten-step, illustrated guide with online assistance from a personal consultant!

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Politics

Tuesday, May 05, 2015

How the UK Election Represents the State of Europe / Politics / European Union

By: STRATFOR

By George Friedman: The United Kingdom is going to the polls on Thursday. Elections electrify the countries in which they are held, but in most cases they make little difference. In this case, the election is a bit more important. Whether Labour or the Tories win makes some difference, but not all that much. What makes this election significant is that in Scotland, 45 percent of the public voted recently to leave the United Kingdom. This has been dismissed as an oddity by all well-grounded observers. However, for unsophisticated viewers like myself, the fact that 45 percent of Scotland was prepared to secede was an extraordinary event.

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Politics

Monday, May 04, 2015

Big Banks Profit While Main Street Suffers / Politics / Banksters

By: Submissions

Antonius Aquinas writes: If anyone doubts that the Western world’s monetary order is rigged to enrich the banking system, the first quarter financial reports of America’s top banks should disabuse any unbelievers.

The Financial Times reported that four of the five big U.S. trading banks had a combined revenue of $19.4 billion in the first quarter of 2015. Goldman Sachs had a 14.7 percent* return on its equity in the first quarter while J.P. Morgan, the nation’s largest bank, earned $5.91 billion or $1.45 a share, up 3.6% from a year earlier.** Revenues for J.P. Morgan grew 4% to $24.8 billion.

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Politics

Monday, May 04, 2015

Ron Paul Warns USA FREEDOM Act: Just Another Word for Lost Liberty / Politics / US Politics

By: Dr_Ron_Paul

Apologists for the National Security Agency (NSA) point to the arrest of David Coleman Headley as an example of how warrantless mass surveillance is necessary to catch terrorists. Headley played a major role in the 2008 Mumbai terrorist attack that killed 166 people.

While few would argue that bringing someone like Headley to justice is not a good thing, Headley's case in no way justifies mass surveillance. For one thing, there is no "terrorist" exception in the Fourth Amendment. Saying a good end (capturing terrorists) justifies a bad means (mass surveillance) gives the government a blank check to violate our liberties.

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Politics

Saturday, May 02, 2015

Kate Gives Birth to Coalition Government / Politics / UK Politics

By: Nadeem_Walayat

Kate goes into Labour but gives birth to Conservative led Coalition. Britain's broadcast media has been full of irrelevant mind numbing continuous drivel coverage of the birth of the latest Royal, literally all day focused on the doors of St Mary's Hospital waiting for Will and Kate to emerge with their new baby daughter as the BBC, Sky and the rest deemed that of being infinitely more importance to Britains slave population than the impending too close to call general election of which public school boy will be next to dance to the bankster's tune.

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Politics

Saturday, May 02, 2015

U.S.A. Caught In Enormous Policy Vise - ZIRP & QE Destructive Influence / Politics / US Politics

By: Jim_Willie_CB

Today is May Day, the international day of workers celebrated by most communist and deeply socialist nations. To be sure, Obama should come out of the closet with admission of not only his Muslim roots but his Marxist roots. By now, he could have easily promoted the holiday and had it moved from its longstanding September location to the May month. In honor of the holiday, the Jackass will outline the profound damage to the USEconomy, its recent destructive pressures, and the newest dynamics which assure a systemic breakdown. The outcome is being seen in widespread job loss, business shutdowns, a new war waged each year, and civil disorder prompted by a strange phenomenon hardly ever discussed.

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Politics

Saturday, May 02, 2015

The U.S. Government: Adding Illiquidity to Insolvency / Politics / US Debt

By: Jeff_Berwick

[The following post is by Managing Director of Windrock Wealth Management Christopher P. Casey, CFA]

Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.

- Ludwig von Mises, Human Action (1949)

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Politics

Friday, May 01, 2015

Baltimore Inflation Riots / Politics / Inflation

By: Dr_Jeff_Lewis

The following is a compilation, first published at Zero Hedge, of statements made by The Baltimore Orioles Vice President, John Angelos. It struck me as fascinating on two basic levels. First off, the stunner is that a prominent elitist has spoken a bit of truth that would ordinarily be almost unutterable among such circles. The second thing is how he ultimately gets it wrong

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Politics

Friday, May 01, 2015

Baltimore Riots Whose Fault? / Politics / US Politics

By: James_Quinn

I’ve seen the liberal lying MSM pondering how WE could allow the riots, looting, burning and lawlessness to happen, as if it is our collective fault. Obama stands before his teleprompter and pontificates about the need for us to end the poverty that supposedly led to Purge Night in Charm City. That term cracks me up. The city has so much charm, its football team once snuck out of town overnight and headed to Indianapolis. It has so much charm its baseball team was forced to play a game with no fans in the stands.

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Politics

Thursday, April 30, 2015

The Real Reason Why Obama Wants to Lift Sanctions on Iran / Politics / GeoPolitics

By: Mike_Whitney

“It is essential to recognize that Iran does not currently have a nuclear weapons program, nor does it possess a nuclear weapon. On February 26, James Clapper, the director of national intelligence, told the Senate Armed Services Committee that Ayatollah Khomenei, the supreme leader of Iran, ended his country’s nuclear weapons program in 2003 and “as far as we know, he’s not made the decision to go for a nuclear weapon.” This repeats the “high-confidence” judgement of the U.S. Intelligence Community (IC) that was first made in November 2007.”

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Politics

Thursday, April 30, 2015

Immigration Crisis Drives a Deep Wedge Between E.U. States / Politics / Immigration

By: STRATFOR

The European Union is once again struggling to come up with a coherent asylum strategy for its 28 members. In recent years, the rising number of asylum seekers entering the European Union through countries such as Italy and Greece has generated friction among member states, fueled criticism of the Schengen Agreement and contributed to the growing popularity of nationalist parties.

However, the European Union will not reform its asylum policies in any significant way. Member states will provide more financial assistance to Mediterranean countries, but they will refuse to accept quotas of immigrants over the coming months and years. Anti-immigration sentiments will persist across the Continent, putting substantial pressure on one of the European Union's founding principles: the free movement of people.

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Politics

Wednesday, April 29, 2015

Cash Payments - Prove You’re Not a Terrorist / Politics / Credit Crisis 2015

By: Casey_Research

Jeff Thomas writes: Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall justification for any new restriction governments wish to impose on their citizens. French Finance Minister Michel Sapin stated at the time, “[T]errorism feeds on fraud, money laundering, and petty trafficking.”

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Politics

Wednesday, April 29, 2015

The Banksters War on Cash / Politics / Banksters

By: BATR

Once upon a time, the famous criminal Willie Sutton was asked why he robbed banks, and his response was simple, eloquent, and humorous: “Because that’s where the money is.” Well, soon that adage may be proven untrue. What exactly is the meaning of legal tender?  In order to place money in its proper perspective, examine what the U.S. Treasury says.

“The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues."

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Politics

Tuesday, April 28, 2015

Prelude to a Japanese Revival / Politics / Japan Economy

By: STRATFOR

John Minnich writes: Japanese Prime Minister Shinzo Abe has arrived in Washington, the third stop on his maiden voyage to the United States since assuming office in 2012. Over the next two days, he will hold a summit with U.S. President Barack Obama on U.S.-Japanese defense and trade cooperation, attend a state dinner in his honor and address a joint session of the U.S. Congress. In his speech before Congress, Abe will reaffirm Japan's commitment to promoting peace and security in East Asia and extol the virtues of the Trans-Pacific Partnership, a 12-country free trade agreement that spans the Pacific Ocean Basin and pointedly excludes China.

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