Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Friday, March 06, 2015
Ukraine, Neocons and Neonazis / Politics / Ukraine Civil War
By: Raul_I_Meijer
See, by now you would think that anyone who reads that all 31 US banks that were tested have passed the Fed stress test, knows this says absolutely nothing about the banks, but all the more about the test. You would think. But the media try – and succeed – to cram it down the public’s throat as a success story anyway.
There’s simply a very strong feeling, if not conviction, in the western media, that they’ve won the propaganda battle. They have no adversary other than the blogosphere, and since they reach a thousand times more people, who are to a (wo)man more complacent and gullible than any of your typical interwebs readers, Bob’s their uncle.
Read full article... Read full article...
Thursday, March 05, 2015
Japan's Intelligence Reform Inches Forward / Politics / Intelligence Agencies
By: STRATFOR
When the Allies defeated Japan at the end of World War II, they dismantled the Japanese security apparatus and deliberately left the country dependent on outside powers. This entailed not only taking apart the military but also the extensive imperial intelligence apparatus that had facilitated Japanese expansion in Asia. As it reconstituted itself, postwar Japan opted for a decentralized intelligence system as an alternative to its prewar model. The result was more a fragment of an intelligence apparatus than a full system, with Tokyo outsourcing the missing components to its allies. This system worked through the Cold War, when Japan was more essential to U.S. anti-Soviet strategy. Since then, however, Japan has found itself unable to count on its allies to provide vital intelligence in a timely manner. The Islamic State hostage crisis in January, during which Japan depended on Jordanian and Turkish intelligence, reinforced this lesson.
Thursday, March 05, 2015
Freedom from America - Getting Out Of Dodge / Politics / Social Issues
By: James_Quinn
LLPOH Writes: About 30 years ago, I took a series of jobs in Australia, turning around failing manufacturing businesses. We were there for a very few years, and during this time became eligible for Australian citizenship, which we took up. In return for saving one such failing business, I received shares in it, which I still hold today. Over the years I have remained an employee of that small private company, as has my wife, and visit regularly to see that it survives and thrives.
Wednesday, March 04, 2015
Five Steps to Fixing Greece’s Debt Problem / Politics / Eurozone Debt Crisis
By: Frank_Hollenbeck
The ECB decision to limit liquidity to Greek banks was another nail in the euro-coffin, and rumors of a “Grexit” caused bank withdrawals to accelerate. Over 25 billion euros have been withdrawn from Greek banks since the end of November 2014. But there’s a problem. Fractional-reserve Greek banks do not have the funds to cover all the withdrawals if trends continue. Current non-performing bank loans in Greece are close to 40 percent and banks hold large amounts of high risk Greek government debt.
Read full article... Read full article...
Wednesday, March 04, 2015
Chicago's Only Possible Salvation: A Detroit-Like Bankruptcy / Politics / US Debt
By: Mike_Shedlock
Is the Chicago pension system so messed up and union work rules so entrenched the only way to change either of them is bankruptcy? I think so.
So does Dennis Byrne who wrote on his blog today Chicago's Only Salvation: A Detroit-Like Bankruptcy.
This is a guest post from Byrne.
Read full article... Read full article...
Wednesday, March 04, 2015
Greece Debt Crisis Born From Socialism / Politics / Eurozone Debt Crisis
By: John_Browne
Like many of the important discussions in the economic world today, the negotiations between Greece and its European creditors has become increasingly absurd (see "A Patient Fed Considers Losing Patience" in our latest newsletter). Late on Friday, February 20, in a tense meeting between the new Greek Finance Minister and a host of ministers from 19 Eurozone countries, Germany apparently 'authorized' negotiators to accept a four-month extension of the $272 billion bailout so long as the Greeks promised to make a series of difficult fiscal steps needed to stay solvent over that time frame. Given that they desperately need the money, it should be no great surprise that the Greeks complied.
Tuesday, March 03, 2015
Great Big Fat Greek Expectations / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
From what I read in the press every day, as well as from private communication, a pretty wide divide seems to appear between what many people think the Syriza government in Athens should do, and what they actually can do at this point in time. It should be useful to clarify what this divide consists of, and how it can be breached, if that is at all possible.
In particular, many are of the opinion that Greece cannot escape its suffocating debt issues without leaving the eurozone and going its own way, reintroducing the drachma and defaulting on much of its €240 billion debt. Those who think so may well be right. But right now that is mostly irrelevant. Because Alexis Tsipras and his men and women simply don’t have their voters’ mandate to go down that road. They may at some time in the future, but they don’t today. The expectations are too great, and certainly too immediate.
Read full article... Read full article...
Monday, March 02, 2015
The Absurdity of "Reform" in Washington DC / Politics / US Politics
By: MISES
James Bovard writes: In the 1930s, peasants who were starving because of the Soviet regime’s brutal farm collectivization policy lamented, “If only Stalin knew!” Nowadays, American social scientists look at floundering federal programs and lament: “If only Congress knew!” And the solution is the “evidence-based” reform movement which will magically beget a new era of good governance.
Monday, March 02, 2015
Ron Paul - Department of Homeland Security: What is it Good For? / Politics / US Politics
By: Dr_Ron_Paul
Late Friday night, Congress passed legislation funding the Department of Homeland Security for one week. This vote followed weeks of debate over efforts to attach a prohibition on funding President Obama's executive order granting amnesty to certain illegal immigrants to the Homeland Security funding bill.
Read full article... Read full article...
Sunday, March 01, 2015
Varoufakis vs. the Troika - Showdown in Athens / Politics / Eurozone Debt Crisis
By: Mike_Whitney
“Will the United States, Germany, the rest of the European Union, the European Central Bank, and the International Monetary Fund – collectively constituting the International Mafia – allow the new Greek leaders of the Syriza party to dictate the conditions of Greece’s rescue and salvation? The answer at the moment is a decided “No”. — William Blum, The Greek Tragedy, CounterPunch
“The Greek economy is finished…. There is no power, no force within the Greek economy, within Greek society that can avert – it’s like – imagine if we were in Ohio in 1931 and we were to ask: What can Ohio politicians do to get Ohio out of the Great Depression? The answer is nothing.”— Yanis Varoufakis, Greek Finance Minister
Read full article... Read full article...
Sunday, March 01, 2015
Senate Republicans Bungle Their Interrogation of Janet Yellen / Politics / US Federal Reserve Bank
By: MISES
Brendan Brown writes: In terms of theatrical impact, the first performance of the Republican majority in the Senate responding to semi-annual testimony from Fed Chair Yellen was a dud. That is bad news for US monetary reform.
The root cause of the theatrical failure is that a winning strategy for monetary revolution has failed to emerge from the Republican ranks. Instead we hear the old tired messages about “auditing the Fed,” “changing the structure of the FOMC,” and adopting a neo-Keynesian rate-fixing “rule.”
Read full article... Read full article...
Saturday, February 28, 2015
NATO Frankenstein - When Centralization Scales Beyond Our Control / Politics / New Cold War
By: Raul_I_Meijer
In an article about NATO exercises in Estonia, just 300 yards from the Russian border, Daniel McAdams at the Ron Paul Institute makes a point that I want to use to make a much broader point. Not the provide answers, though, just to provide questions. McAdams quotes the Guardian review of a book by George Sakwa:
Friday, February 27, 2015
10 Reasons Washington Has War Fever / Politics / US Politics
By: Ron_Holland
"War is merely the continuation of policy by other means." – Carl von Clausewitz
The political elites, Federal Reserve and special interests that really run the show hiding behind Congress and the president of either party in America's closed two-party monopoly seem to be running scared in many regards. They rightly have many fears for their political future as well as the profits and survival of the major international corporations and banking interests that support the current political leadership and regime.
Read full article... Read full article...
Friday, February 27, 2015
Deepak Chopra - New Age Genius or Bullshit Expert? - Video / Politics / Religion
By: Videos
New Age guru Deepak Chopra presents his ideas on 'non local consciousness', 'a super position of possibilities' heavily immersed in the scientific jargon of quantum physics that to a lay person, especially one that really wants to believe seems highly convincing, hence why Deepak Chopra has such a large following.
Friday, February 27, 2015
The Fed’s History of Assassination / Politics / US Federal Reserve Bank
By: Money_Morning
Shah Gilani writes: The Federal Reserve System has a very dark history.
I’m talking about a history of murder.
Maybe you didn’t know, but there’s a theory that the Fed ordered John F. Kennedy’s assassination.
Read full article... Read full article...
Thursday, February 26, 2015
"Audit the Fed"? We've Already Done That (Well, Kind of) / Politics / US Federal Reserve Bank
By: EWI
Our conclusion: The Fed is not in control of the economy -- here's why
If there's one thing the Federal Reserve Board of the United States is not known for, it's assertive language. After all the obfuscation and verbal sidestepping, Fed speak is usually as easy to comprehend as Marlon Brando's Godfather character Don "Mumbles" Corleone.
Read full article... Read full article...
Thursday, February 26, 2015
The Net Neutrality Scam / Politics / Internet
By: MISES
Ryan W. McMaken writes: Yet again, the government wants to fix a problem that doesn’t exist. According to the Obama administration and the FCC, it is necessary to regulate internet service providers so that they don’t interfere with people’s access to the web. The claim immediately prompts one to ask: Who is being denied access to the web?
Thursday, February 26, 2015
Greece, Europe Briefing For A Descent Into Hell / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
Oh well, some are more equal than others. One day after Eurogroup head Dijsselbloem says France won’t get any more lenience …
France Must Respect EU Budget Rules
Read full article... Read full article...France must meet EU budget targets or risk damaging the bloc’s entire framework for policing countries’ spending plans, the head of the Eurogroup said on Tuesday. “I don’t think small or larger countries should be treated differently … It is crucial for the credibility of the whole fiscal framework that also France commits to it, both in fiscal terms and in reform terms,” Jeroen Dijsselbloem, who chair meetings of eurozone finance ministers, told the European Parliament. “I think that the Commission has allowed itself and France more time to scrutinise the figures but also to take more measures and prepare more proposals. The Commission will assess them first and then report to us at the beginning of March.”
Wednesday, February 25, 2015
What To Do While Waiting to End the Fed / Politics / US Federal Reserve Bank
By: MISES
John P. Cochran writes: There is a sliver of good news on the central banking front. Given the Fed’s poor performance before and after the 2007–08 financial crisis and Great Recession, and its now recognized 100 year history of failure, at least some members of Congress, even without Ron Paul, are now willing to consider major reform. Many libertarians who recognize that the correct long-run reform is to “End the Fed” — or essentially eliminate central banking (see here or here) — have focused most on the Audit the Fed Bill. On the other hand, non-Austrian economists have been more focused on the Federal Reserve Accountability and Transparency Act and its aimed reform: a rules based policy rather than current Fed discretionary policy which is counter-productive, if not destructive of prosperity.
Wednesday, February 25, 2015
How to Borrow Cheaply from a Government-Owned Bank / Politics / Banking Stocks
By: Money_Morning
Shah Gilani writes: The free market for banking services in the United States isn't a free market at all.
The truth is the biggest commercial banks in America operate with virtual impunity as a government-subsidized, government-protected oligopoly.
So, why don't we drop the pretense that government-owned banks don't belong in a free market economy and create a network of honest state-owned banks to compete with so-called private banks?
Read full article... Read full article...