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Market Oracle FREE Newsletter

Analysis Topic: Politics & Social Trends

The analysis published under this topic are as follows.

Politics

Thursday, May 23, 2013

iAvoid - Apple's New Pay No Tax App / Politics / Taxes

By: Jeff_Berwick

There has been an angry uproar recently because Apple has hardly paid any extortion fees in the last four years on its billions in profits. Why this warrants an angry uproar and not a giant cheer for them for not supporting criminal governments is beyond us. But the slave-on-slave action has been thick on this one.

One particular comment on a mainstream site caught my attention, "If our budget geniuses in Congress would hire enough IRS agents, this stuff would stop. But our beanies are cutting IRS budgets. Mitt's servants along with Bill Gates's are doing their job."

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Politics

Thursday, May 23, 2013

Huge Discrepancy Between Investment Income and Public Liabilities / Politics / US Politics

By: Fred_Sheehan

The difficulty of institutions that need cash for payment have grown acute during the chalk-brained professors' zero-interest-rate pogrom. Insurance companies are one victim, pension plans another. Looking specifically at defined-benefit pension plans, the plan sponsor (corporation, maybe, or municipality) is obligated to pay current and future retirees a specific dollar amount from now until a spouses' death.

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Politics

Thursday, May 23, 2013

Why The Petrodollar System Is Crippled / Politics / Global Financial System

By: Andrew_McKillop

BRETTON WOODS BREAKDOWN, VIETNAM AND THE GREAT SOCIETY
For Jerry Robinson (http://ftmdaily.com/documents/Preparing-for-the-Collapse-of-the-Petrodollar-System.pdf) the reasons why the so-called Petrodollar System must collapse is ultimately because the political and monetary drivers of the system date back to the fast-fading times of 1945-1971 when the the USA's global hegemony and monetary power was almost unchallenged.

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Politics

Wednesday, May 22, 2013

Is Jamie Dimon Too Big to Fire? / Politics / Banksters

By: Money_Morning

Shah Gilani writes: Jamie Dimon is the 57-year old banking mogul whose been running JPMorgan Chase (NYSE: JPM) since 2005, and he decisively won a shareholder vote yesterday to keep both his chairmanship and chief executive officer (CEO) titles at the nation's largest bank.

But don't celebrate yet.

Sure, only 32.2% of shareholders voted for a proposed resolution to split the company's two top jobs. And that may sound like great news (for him) but the winner wasn't Jamie Dimon, it was the Cult of the CEO.

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Politics

Wednesday, May 22, 2013

Can Two U.S. Senators End Too Big to Fail Banks? / Politics / Banksters

By: John_Mauldin

I am often on a panel or at dinner with Barry Ritholtz (The Big Picture), and he will remark, "I am going to have to rethink my position – I agree with John, and that can't be right." While I don't share that bias, I do agree with Barry about his recent take on legislation – which might actually pass – that would deal with too-big-to-fail banks in the US. Barry's latest take on that issue is this week's Outside the Box.

I have not written all that much on the topic lately, other than to say that Dodd-Frank was designed by big banks for big banks – the best legislation they could buy, I have been very critical of allowing too-big-to-fail banks to put taxpayers at risk, and I don't think it should ever be allowed to happen again. Dodd-Frank did not deal with that.

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Politics

Tuesday, May 21, 2013

Is This Obama's "Waterloo"? / Politics / US Politics

By: Money_Morning

Shah Gilani writes: You're reading it right now.

I'm calling it WII (WHY?), which stands for Washington Insights & Indictments.

Enjoy it.

It's likely to be a single issue.

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Politics

Monday, May 20, 2013

Stocks Go Long, Scandal! Keep 'Em Coming, Obama! / Politics / US Politics

By: Money_Morning

Keith Fitz-Gerald writes: There's a lot of buzz that President Obama's current scandals - Benghazi, the IRS and the Department of Justice - may bring down the financial markets.

I disagree - if anything, they'll provide fuel for another leg up.

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Politics

Monday, May 20, 2013

The Feds Are Worried About the U.S. Dollar / Politics / US Dollar

By: Paul_Craig_Roberts

Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE).

Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit by purchasing US Treasury bonds and to keep the prices high of debt-related derivatives on the “banks too big to fail” (BTBF) balance sheets by purchasing mortgage-backed derivatives. Without QE, interest rates would be much higher, and values on the banks’ balance sheets would be much lower.

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Politics

Monday, May 20, 2013

Keynesian Phrenology - Our Rulers Are Nutty as Well as Evil / Politics / Economic Theory

By: Richard_Daughty

I am getting more and more upset about the future of the economy, especially the part where I will probably still be alive to suffer through it, instead of being safely dead and gone, laughing disdainfully from whatever circle of Dante’s hell that is reserved for us lousy fathers, worthless husbands, lackluster employees and all-around lazy bastards.

“Hahaha!” I will bellow. “Now suffer! Suffer, you morons who actually believed that the idiocy of Keynesian economics would NOT end in disaster! From the heart of hell I strike at thee!”

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Politics

Monday, May 20, 2013

Ron Paul - The IRS's Job Is To Violate Our Liberties / Politics / US Politics

By: Dr_Ron_Paul

"What do you expect when you target the President?" This is what an Internal Revenue Service (IRS) agent allegedly said to the head of a conservative organization that was being audited after calling for the impeachment of then-President Clinton. Recent revelations that IRS agents gave "special scrutiny" to organizations opposed to the current administration's policies suggest that many in the IRS still believe harassing the President's opponents is part of their job.

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Politics

Monday, May 20, 2013

Can France Save The Euro - Or Even Itself? / Politics / Eurozone Debt Crisis

By: Andrew_McKillop

FRANCE'S CLAIMS ARE NOT ITS GAINS
French media, whether state-owned like 5 of its major TV channels and 2 major radio networks, or simply "government friendly" and entirely predictable, mindless repeater stations for government propaganda, have for several months applied the "ukase" (a French word borrowed from Russian, meaning autocratic law) which claims that France played a decisive role creating the euro system.       As an "official truth"it is debatable, but more important is why the propaganda is belted out 24/7.

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Politics

Monday, May 20, 2013

Big Energy Siezing Landowner Property / Politics / US Politics

By: Walter_Brasch

Julia Trigg Crawford of Direct, Texas, is the manager of a 650-acre farm that her grandfather first bought in 1948. The farm produces mostly corn, wheat, and soy. On its north border is the Red River; to the west is the Bois d’Arc Creek.

TransCanada is an Alberta-based corporation that is building the controversial Keystone Pipeline that will carry bitumen—thicker, more corrosive and toxic, than crude oil—through 36-inch diameter pipes from the Alberta tar sands to refineries on the Gulf Coast, mostly to be exported. The $2.3 billion southern segment, about 485 miles from Cushing, Okla., to the Gulf Coast is nearly complete. With the exception of a 300-mile extension between Cushing and Steele City, Neb., the rest of the $7 billion 1,959 mile pipeline is being held up until President Obama either succumbs to corporate and business pressures or blocks the construction because of environmental and health concerns.

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Politics

Friday, May 17, 2013

The UK Green Energy Policy Shambles / Politics / Renewable Energy

By: Andrew_McKillop

GREEN TAPE AND BUSINESS DONT MIX
BusinessEurope president Jürgen Thumann speaking to EurActiv at the European Business Summit, May 15, squarely blamed the European Commission for "the negative effects of green tape”, also saying EU regulations create ‘unnecessary burdensome legislative instruments in climate, energy and environment policies’.  The UK Energy Intensive Users Group, an umbrella group that represents a dozen or more energy intensive sectors such as steel, cement, paper and chemicals which have no option but to compete on international markets, often have 70% or more of their operating costs swallowed by energy purchases.  These industries are therefore very sensitive to the relative price of energy in the national economy. The EIUG's Director Jeremy Nicholson is outspoken on the negative impacts of Europe's "green tape", like its European continental opposite numbers which include Eurogas, the industry group representing the heavily penalized European gas industry.

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Politics

Friday, May 17, 2013

Too Big to Jail - Enough to Make Your Blood Boil / Politics / Credit Crisis 2013

By: Money_Morning

Shah Gilani writes: Here are two items that will upset you...

First, back in February, Attorney General Eric Holder christened the unofficial official doctrine of "Too Big to Jail."

He told Congress, "The size of some of these institutions [TBTF banks] becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute - if we do bring a criminal charge - it will have a negative impact on the national economy, perhaps even the world economy."

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Politics

Friday, May 17, 2013

A Reminder, the Fed Is NOT Printing Money / Politics / Quantitative Easing

By: Jesse

“So that the question is: Would there be any advantage, at this particular stage, in going back to the gold standard? And the answer is: I don't think so, because we're acting as though we were there.

So I think central banking, I believe, has learned the dangers of fiat money, and I think, as a consequence of that, we've behaved as though there are, indeed, real reserves underneath the system." Alan Greenspan, 20 July 2005
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Politics

Friday, May 17, 2013

Remember the $700 Billion Toxic Asset Bailout? / Politics / Credit Crisis Bailouts

By: Bill_Bonner

The financial news is getting boring. The Dow goes only one way – up. But gold fell below $1,400 per ounce yesterday.

Rather than trying to figure it out, yesterday evening we drove down to Zombietown. A friend in Washington had promised to introduce us to Neil Barofsky, inspector general of the TARP program.

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Politics

Thursday, May 16, 2013

Could Cuba’s Past Be America's Future? / Politics / US Politics

By: Casey_Research

By Jeff Thomas, International Man

An article was published in Uruguay that has received little notice outside of Latin America. This article refers to Cuban dissident Yoani Sánchez, also little known in the First World. Ms. Sánchez has recently been allowed to travel outside of Cuba for the first time, as a result of the elimination of "exit visas." The requirement for exit visas was imposed in 1961 to stop Cubans who opposed the then-new Castro regime from being able to leave Cuba. (Editor's note: The regime in Washington imposes an "exit tax" for certain Americans who renounce their citizenship.

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Politics

Thursday, May 16, 2013

Mervyn King Mission Accomplished, Bankster's Saved, Debt Monetized Via QE Stealth Inflation Theft / Politics / Central Banks

By: Nadeem_Walayat

Mervyn King delivered his last Bank of England Quarterly Inflation economic propaganda report as he is due to make away for the Canadian Central Bank governor Mark Carney in June. His final message was one of economic optimism in terms of forecasting stronger economic growth going forward of 2% in 2 years time.

"There is a welcome change in the econ comic outlook, today's projections are for growth to be a little strong and for inflation to be a little weaker than we expected 3 months ago, that is the first time I have been able to say that since before the financial crisis"

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Politics

Wednesday, May 15, 2013

We Are All Going to Die! Looming 6th Major Extinction / Politics / Environmental Issues

By: Bill_Bonner

Today, we interrupt our regular coverage of markets, morons and mush-head economics to give you a heads-up:

We may all be doomed!

Not just you... not just us... but the whole friggin' human race may soon be on the endangered species list. Boohoo! We're going extinct. So says an article in Newsweek. (More below...)

Read full article... Read full article...

 


Politics

Wednesday, May 15, 2013

IRS as a Political Tax Hit Squad / Politics / US Politics

By: BATR

When the Internal Revenue Service admits to violations of law by targeting limited government advocate organizations, you know that the non-divulged crimes are much worse. The discloser in the mainstream media is a pleasant astonishment. The usual pattern of protecting "Big Government" is still intact, while the noise and agency diversion on the abuses of the IRS avoid the fundamental problem with federal taxation, based upon a system of deductions, exemptions, incentives and grants. The extortion and intimidation in the enforcement of the tax code is the entrusted role assigned to the IRS by the political hacks that administer the social engineering experiment that is fundamentally changing America.

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