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Market Oracle FREE Newsletter

Analysis Topic: Politics & Social Trends

The analysis published under this topic are as follows.

Politics

Friday, July 26, 2013

How the US Became the USSR - Role Reversal / Politics / US Politics

By: Paul_Craig_Roberts

I spent the summer of 1961 behind the Iron Curtain. I was part of the US-USSR student exchange program. It was the second year of the program that operated under auspices of the US Department of State. Our return to the West via train through East Germany was interrupted by the construction of the Berlin Wall. We were sent back to Poland. The East German rail tracks were occupied with Soviet troop and tank trains as the Red Army concentrated in East Germany to face down any Western interference.

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Politics

Thursday, July 25, 2013

Detroit Bankruptcy, the Law, and Leonard Garment / Politics / US Debt

By: Fred_Sheehan

The City of Detroit, Michigan's petition for "bankruptcy protection and the adjustment of debts under chapter 9 of the United States Bankruptcy Code" (case number 13-53846 United States Bankruptcy Court for the Eastern District of Michigan, Southern Division), offers plenty of opportunity. Among the potential windfalls are to those who buy contracts at a discount, the clarity of bondholder claims, and the clarity of retiree benefit claims.

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Politics

Thursday, July 25, 2013

A Tight Tax Leash Constrains American Citizens / Politics / Taxes

By: Casey_Research

By Nick Giambruno, Editor, International Man

Many readers are already well aware that the US government is essentially unique—and not in a good way—in how it treats its citizens living and working in foreign countries. No other country in the developed world imposes and effectively enforces as many burdens on its citizens abroad (and those who would do business with them) as does the US government.

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Politics

Wednesday, July 24, 2013

Insuring Bank Deposits, Ensures Insolvency / Politics / Market Regulation

By: MISES

Frank Hollenbeck writes: The US government is trying to implement the 21st century version of the Glass-Steagall Act of 1933. The proposed bill would separate traditional banks (which are backed by the FDIC) from riskier financial institutions that include companies focused on investment banking, private equity and more. This is to give the impression that governments are taking actions against the financial sector whose actions nearly brought the entire world economy to its knees back in 2008. The implicit assumption is: if this legislation is passed, the banking sector will never again be a source of financial panics. Nothing could be further from the truth.

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Politics

Tuesday, July 23, 2013

Deciphering Bernanke - Horse, Pig, Helmet, Man, Woman / Politics / US Federal Reserve Bank

By: John_Mauldin

Grant Williams writes: Arthur Evans died in July of 1941 at the age of 90.

A rather ordinary name disguised an extraordinary life during which the famed archaeologist made many notable discoveries, including the unearthing of the Minoan Palace at Knossos, the site of a famous Greek mythological tale.

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Politics

Tuesday, July 23, 2013

The Most Rigged Economic Indicators / Politics / Economic Statistics

By: Money_Morning

Garrett Baldwin writes: On August 2, the Bureau of Labor Statistics will report the official unemployment rate. But this number doesn't tell the accurate story of the jobs picture here in the United States.

That's usually the case with government-produced economic indicators. Whatever the government figure will say, it will not truly reflect reality. Simply put, it's a rigged number.

When it comes to cheating the numbers, nobody does it better than Uncle Sam.

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Politics

Tuesday, July 23, 2013

Is Obamacare Creating a Part-Time America? / Politics / US Politics

By: Money_Morning

Frank Marchant writes: America has become a part-time nation. The Bureau of Labor Statistics recently reported that in June part-time employees in the labor force reached an all-time high of 28 million, 3 million more than when the recession began in 2007.

The economy lost 240,000 full-time jobs in June and added 360,000 part-time jobs, the BLS noted. Of the 753,000 jobs created this year, 589,000 were part time.

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Politics

Tuesday, July 23, 2013

The U.S. Is a Failed State: Dissolve the Union / Politics / US Politics

By: Michael_S_Rozeff

America is a very sick patient with a curable cancer that, if left alone, will cause death. The cancer is the Union or the state known as the U.S.A. More commonly, the Union and the U.S.A. are referred to as the U.S. government, the federal government or simply the government. It is the body established by the Constitution that administers the powers described in that Constitution. Phasing out and dissolving the U.S. government, which can be done by constitutional means, will remove the cancer and restore a degree of health.

Ending the Union will certainly not cure all of America’s ills, because they trace back to wrong and false ideas. These are like bad habits, genetic and environmental factors that cause cancer. If they are not changed, the cancer will come back. The search for non-destructive politics is as never-ending as the search for health and longevity.

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Politics

Monday, July 22, 2013

NSA Spying - Civilization Means Privacy / Politics / Intelligence Agencies

By: MISES

Ben O'Neill writes: Since the details of the NSA programs became publicly known a short time ago, already there are signs of market pressures being brought to bear to curtail the actions of the agency and its partner companies. There are early signs of emerging boycotts of US-based internet and telecommunications companies, and customer migration to firms operating outside the United States.[1] One observer has even suggested that the next desirable IT feature will be for host companies operating outside the US to advertise that they are “not subject to US law” and this suggestion is gaining traction among IT commentators.

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Politics

Monday, July 22, 2013

China’s Bernie Madoff Illustrates the Dangers of Doing Business in China / Politics / Scams

By: Money_Morning

Tara Clarke writes: Zeng Chengjie, a real estate developer who has been likened to "China's Bernie Madoff," was executed by the government last week for fraud and illegal fundraising.

The businessman allegedly defrauded more than 57,000 investors out of approximately RMB2.8 billion (US $460 million), of which RMB1.7 billion has been returned.

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Politics

Monday, July 22, 2013

Obama Arrogance, America, like Rome, Will Cross The Most Dangerous Line / Politics / US Politics

By: Money_Morning

Keith Fitz-Gerald writes: Romulus Augustus, the last emperor of Rome, had a lot of time to think about what went wrong to cause the fall of the greatest empire in history. Here, for the first time, in this exclusive essay he tells the full story of the fall and gives Obama sage advice to our Chief Investment Strategist, Keith Fitz-Gerald on how to avoid the same fate in the US. Please forward this to interested friends or family members.

My name is Romulus Augustus. I was the last Roman Emperor. Though I only ruled a few years before giving up my throne on 4 September 476, I lived for at least another 25 years according to the tax records. I drew a pension until at least 507 according to Cassiodorus. And, in doing so, had plenty of time to think about what went wrong.

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Politics

Monday, July 22, 2013

Atheism to Secular Humanism and Objectivism / Politics / Religion

By: BATR

At first thought, the different philosophical positions of Emma Goldman and Ayn Rand seem to be well defined. Notwithstanding, the contrast between a propensity towards anarchism with an advocacy for laissez-faire capitalism, both Russian born "Khazar Jewish" theorists and activists shared a rejection of a theist metaphysics. When Emma Goldman states: (speaking from a Detroit pulpit in 1898, quoted from Annie Laurie Gaylor, Women Without Superstition, p. 382), "I do not believe in God, because I believe in man. Whatever his mistakes, man has for thousands of years past been working to undo the botched job your God has made", her mindset distinctly sets her apart from the main body of Western Civilization thought.

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Politics

Monday, July 22, 2013

Detroit Bankruptcy Milestone in the Decay of American Capitalism / Politics / US Debt

By: Barry_Grey

The bankruptcy of Detroit, the former auto capital of the world, is a milestone in the historical decay of American capitalism. It is as well a new point of departure in the social counterrevolution being carried out by the ruling class to make working people pay for the failure of its system.

Kevyn Orr, the unelected financial tsar, Republican Governor Rick Snyder, Democratic Mayor David Bing and the establishment media all point to the horrific conditions in Detroit—78,000 abandoned buildings, non-functioning streetlights, antiquated and understaffed fire protection—not to indict the politicians and corporate powers who are responsible, but to justify the destruction of the living standards and essential public services of workers who bear no responsibility for the disastrous situation.

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Politics

Monday, July 22, 2013

Ben Bernanke's Farewell Tour / Politics / US Federal Reserve Bank

By: Dr_Ron_Paul

Last week Federal Reserve Chairman Ben Bernanke delivered what may well be his last Congressional testimony before leaving the Federal Reserve in 2014. Unfortunately, his farewell performance was full of contradictory comments about the state of the economy and the effects of Fed policies on the market. One thing Bernanke inadvertently made clear was that the needs of Wall Street trump Main street, the economy, and sound money.

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Politics

Sunday, July 21, 2013

Financial Reforms Drove the Soviet Union Into the Grave / Politics / Russia

By: Pravda

Who of the famous people in Russia's modern history said the phrase: "I wanted the best, but it turned out as always"? There is quite a list of names that comes up in this connection, although it is associated with only one man - the Minister of Finance of the USSR, Valentin Pavlov, who once upon a time intended to stabilize currency in the country.

Many details of that story have been forgotten, although one should always keep such events in mind not to step on a rake again.

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Politics

Saturday, July 20, 2013

Subsidizing Doctors Not to Practice / Politics / Healthcare Sector

By: Walter_Brasch

Clutching a sheaf of newspaper clippings in one hand and a medical bag in the other, Dr. Franklin Peterson Comstock III, knocking down pregnant ladies, students, the elderly, and even two burly construction workers who were waiting for a bus, rushed past me, leaving me in a close and personal encounter with the concrete. Since he had given up medicine to invest in a string of service stations and an oil distributorship, I assumed what was in his medical bag was the morning’s take from obscene profits.

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Politics

Friday, July 19, 2013

The Trayvon Martin/George Zimmerman Tragedy - Print the Legend / Politics / US Politics

By: Peter_Schiff

The Trayvon Martin/George Zimmerman tragedy has become one of those transcendent events that dominates the national discourse and throws light on dimly lit aspects of our society. Obviously, the case touches most closely on issues of race relations, media culture, and the politicization of the justice system. It also reveals how preconceived emotional commitments to a narrative can consistently trump demonstrable facts. These tendencies are also present in the polarized discussion about the persistent weakness of the U.S. economy. In both cases, the majority of observers have chosen to believe an emotionally comfortable narrative while ignoring a far more likely, ambiguous, and unsatisfying reality.

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Politics

Friday, July 19, 2013

New Glass-Steagall Act Key to Ending Too Big to Fail Banks / Politics / Market Regulation

By: Money_Morning

Garrett Baldwin writes: Last week, four senators that include Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) introduced a bill to reinstate the Glass-Steagall Act.

The 21st Century Glass-Steagall Act, as it's called, would bring back many of the provisions of the former law and strengthen language to limit financial speculation by the big banks, reduce risk, and attempt to end "Too Big to Fail" once and for all.

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Politics

Friday, July 19, 2013

Washington's New Jobs Strategy: Hire All the Lawyers / Politics / US Politics

By: Money_Morning

Shah Gilani writes: It's the old saw that Washington seems to have down to an art: The road to Hell is paved with good intentions.

And once again, in an effort to help get the wheels of the US economy turning more briskly, the government has managed to grease the axle and flatten the tires at the same time.

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Politics

Friday, July 19, 2013

How State Education Religiously Conditions Us into Become Slaves to the Elite / Politics / Educating Children

By: Nadeem_Walayat

In the west we are born into societies that put the child (individual) on a perpetual conveyor belt towards religiously following the states education program. Where the child is constantly being conditioned to follow the rules as laid down by the elite that controls society. The child is conditioned to be always focused on working towards a far distant future reward (target job), where all of the education the child is in receipt of are steps on the path towards being rewarded with the hoped for job and accompanying wealth and prosperity.

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