Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Thursday, April 12, 2012
War Imminent between Pakistan and India Over Water? / Politics / Pakistan
By: OilPrice_Com
A peaceful and stable Pakistan is integral to western efforts to pacify Afghanistan, but Islamabad's obsessions with its giant eastern neighbor may render such issues moot.
Since partition in 1947, Pakistan and India have fought four armed conflicts, in 1947, 1965, 1971 (which led to the establishment of Bangladesh, formerly East Pakistan) and the 1999 Kargil clash.
Thursday, April 12, 2012
The War at the End of the U.S. Dollar / Politics / US Dollar
By: Ron_Hera
The history of the U.S. dollar is closely linked to U.S. involvement in a series of wars. The Bretton Woods Accord and the resulting world reserve currency status of the U.S. dollar were both byproducts of World War II (1939-1945). The Korean War (1950-1953) was followed six years later by the Vietnam War (1959-1975) which led to the end of the Bretton Woods system. Unfettered by the constraint of gold backing after 1971, the U.S. dollar became a weapon in the Cold War (1945–1991) between the U.S. and the former Union of Soviet Socialist Republics (U.S.S.R.). Each war corresponded with an increase in the U.S. money supply. The Gulf War (1990-1991) was followed by wars in Afghanistan, beginning in 2001, and in Iraq, beginning in 2003, and, simultaneously, by the U.S.-led War on Terror that began in 2001. Like the wars that came before them, the recent staccato of U.S. wars is correlated with increases in the U.S. money supply. The Iraq war, for example, is estimated to have cost as much as $4 trillion.
Wednesday, April 11, 2012
ECB Soveriegn Debt Bond Buying Deja Vue All Over Again / Politics / Eurozone Debt Crisis
By: Mike_Shedlock
ECB Says Bond-Buying Program Available
The ECB went from loading up on sovereign debt and making a huge mess of it when Greece defaulted, to the LTRO program which has not made a big mess yet but will. Things are about to go full-circle as the ECB threatens once again to make another mess of things with sovereign bond purchases.
The Bundesbank, Germany's central bank protested bond purchases the last time (correctly), and will do so again, likely to no avail, and with the same predictable results.
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Wednesday, April 11, 2012
Forget About Moving Overseas, Small Town America is Safe / Politics / Social Issues
By: Gary_North
I have a site, Gary North's Specific Answers, where subscribers can post questions. I answer a lot of them. I have a lot of practical subscribers who also answer.
One of my site's forums is "Safe Places Forum."
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Wednesday, April 11, 2012
Bernanke, The Professor Who Did NOT Save the World / Politics / Central Banks
By: Fred_Sheehan
"The Fed's efforts prevented a 'total meltdown' of the financial system at a time when fears of a second Great Depression were 'very real,' Mr. Bernanke said Tuesday at the third of his four lectures at George Washington University in Washington."
- Wall Street Journal, "'Fed Prevented Total Meltdown,' Bernanke Said," March 28, 2012.
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Tuesday, April 10, 2012
I'm Worried About America's Future / Politics / US Politics
By: John_Mauldin
I debated with myself about what to send as this week's Outside the Box. I have decided on a recent short but important post from my friend David Kotok, Chairman and Chief Investment Officer of Cumberland Advisors. He calls it "I'm Worried." There are some very thought-provoking ideas here, but what makes it particularly interesting is that I'm running into this sentiment more and more as I travel around the US; and when I'm abroad I also hear from people who are worried about the US. These are folks who rightly realize the world needs a strong US, both as an economic engine and as a leader –a chairman of the board, if you will –of a growing world. (Can the world grow and prosper without us? Of course, but not as easily, and the transition will not be pretty.)
Tuesday, April 10, 2012
The Moloch State, When Government Safety Nets Break / Politics / US Politics
By: Gary_North
The West's governments are going to default, one way or another. Politicians cannot bring themselves to stop spending money the governments do not have.
The deficits of the major Western governments are now so great as to be irreversible. The governments must now borrow money to be used to pay interest on money already borrowed. In the housing market, this is called a backward-walking mortgage. It invariably spells default. The subprime mortgages were mostly of this type.
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Monday, April 09, 2012
Ron Paul In Praise of Private Charity / Politics / US Politics
By: Dr_Ron_Paul
One of the great fallacies of our time is that if government doesn't do something, no one will. Its corollary is that if you are opposed to the government doing something, that you are opposed to anyone performing that function at all. These disastrous fallacies color much of our national debate concerning heath care, education, poverty, housing, and disaster relief, and other issues.
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Monday, April 09, 2012
Obama's Supreme Court Rebuff / Politics / US Politics
By: BATR
Many Americans still revere the Supreme Court. As one of the three branches of the Federal government, confidence in their conduct and authority is usually higher than Congress or the Presidency. Yet when a real or contrived constitutional crisis develops, the screams and indignation arise and point to a convenient culprit. The current Obamacare case before this court has all the trappings of a full-blown confrontation. The reason is simple. The underlying question before the Supremes is not purely a legal matter. At stake is whether this country is actually a government under laws. Alternatively, is it an authoritarian dictatorship nuisance by irritating lawful restraints?
Monday, April 09, 2012
Sayonara To Mike Wallace And The News Era He Led / Politics / Mainstream Media
By: Danny_Schechter
New York: Mike Wallace lived a long life and became one of America’s best-known non-anchor news stars, whose frequent appearances stirred controversies and broke countless stories.
The picture in the New York Times obit showed his wall of Emmys—I am sure he had a museumfull—all thanks to his relentless drive and unlimited energy.
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Sunday, April 08, 2012
Blythe Masters Speaks Out On JPM and Market Manipulation / Politics / Market Manipulation
By: Jesse
A number of people have asked me what I think about Blythe Masters' interview on CNBC in which she categorically denies that JPM is involved in anything but legitimate hedging of customer positions in the silver market.
I think a detailed description of all of JPM's hedging positions in the futures and derivatives market, and the related customers and bullion holdings, should be supplied to Gary Gensler's CFTC as government regulator so they can look them over. That is what the CFTC has been asked by the people who pay them, the investing public, to do.
Sunday, April 08, 2012
America's Middle Class is Being Wiped Out, Soon to be a Nation With a Very Tiny Elite / Politics / US Politics
By: LewRockwell
End of the American Dream writes: The middle class is being systematically wiped out of existence in the United States today. America is a nation with a very tiny elite that is rapidly becoming increasingly wealthy while everyone else is becoming poorer. So why is this happening? Well, it is actually very simple. Our institutions are designed to concentrate wealth in the hands of a very limited number of people. Throughout human history, almost all societies that have had a big centralized government have also had a very high concentration of wealth in the hands of the elite. Throughout human history, almost all societies that have allowed big business or big corporations to dominate the economy have also had a very high concentration of wealth in the hands of the elite. Well, the United States has allowed both big government and big corporations to grow wildly out of control. Those were huge mistakes. Our founding fathers attempted to establish a nation where the federal government would be greatly limited and where corporations would be greatly restricted. Unfortunately, we have turned our backs on those principles and now we are paying the price.
Sunday, April 08, 2012
Nothing in Washington Is Worth Your Money, Including the "think-tanks" / Politics / US Politics
By: Gary_North
The Washington Beltway is a war zone. It is the battleground over what the United States government does and what it does not do. It does a great deal.
Conservatives send tens of millions of dollars each year to Beltway resistance organizations. Some of them are called think tanks. They are dedicated mainly to getting the federal government to do other things, or else to do evil things without spending as much money. These organizations promote this idea: "Running government like a business." Whenever you hear this, think of a serious business: Cosa Nostra.
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Sunday, April 08, 2012
Greening The Desert / Politics / Climate Change
By: Andrew_McKillop
In the real world, the non-polar deserts are growing at a rapid rate, totally overwhelming the small but valiant attempts at pushing them back. http://hqweb.unep.org/geo/GDOutlook/
One neglected cause among many includes the annihilation of tropical forests. These contain 600 billion tons of carbon, equivalent to about 4.6 trillion barrels of oil or 145 years of oil-burning at the present annual rate of 32 billion barrels a year. This amount of carbon is almost as much as is contained in the atmosphere, but much of it is likely to be released into the atmosphere in the next decades by uncontrolled logging and deforestation.
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Sunday, April 08, 2012
Hey Joe Get Over It …They Won’t Throw the Euro-Baby Out with the Bathwater / Politics / Euro
By: Andrew_Butter
Watching the gurus strut their stuff on Bloomberg and CNBC it’s hard not to feel there is an undercurrent of glee that the Euro is in trouble. Finally the focus has shifted from the economic havoc wrought by the unholy and unnatural alliance between the state and the private sector which created the U.S. housing bubble, which created a multi-trillion hole in the balance sheets of U.S. and incidentally, Euro-zone and British, banks, pension funds and insurance companies.
Saturday, April 07, 2012
Wall Street Numbers Game Played at High Speed by Powerful Computers Trading Complex Derivatives / Politics / Derivatives
By: Douglas_French
There's plenty of blame for the financial crisis being spread around. Those on the left say Wall Street wasn't regulated enough, while those on the right claim government mandates required lenders to make bad loans. The argument is made that the Federal Reserve was too loose, while the other side says Bernanke wasn't loose enough. Some blame greed. Others blame Wall Street's investment products. And then there's mathematics.
Friday, April 06, 2012
Obama's Pretzel Logic / Politics / US Economy
By: Peter_Schiff
As this fall's presidential election takes shape as a contest between Barack Obama and Mitt Romney, the rhetoric out of both camps is becoming sharper and more ideological. Looking to exploit Governor Romney's increasingly close association with Wisconsin representative Paul Ryan (who has been mentioned as a potential vice presidential nominee), the President dedicated a lengthy address earlier this week to specifically heap scorn on Ryan's budget plan (Ryan is the chairman of the House Budget Committee). The attack lines used by the President not only reveal a preview of the fall campaign but also offer a glimpse of Obama's skewed views of the social and economic history of the United States.
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Thursday, April 05, 2012
Don't Catch Economic Recovery Fever / Politics / Economic Recovery
By: Peter_Schiff
Gold has been holding steady in the the $1,600-$1,800 band since early October. This could be attributed to consolidation after last summer's historic run up to $1,895, but I think this wait-and-see attitude reflects current market sentiment toward the US dollar.
Thursday, April 05, 2012
The Great Depression II, You Ain’t Seen Nothing Yet Part II / Politics / Great Depression II
By: James_Quinn
Catalyst of Change
“As late as December 1773, November 1859, and October 1929, the American people had no idea how close it was. Then sudden sparks (the Boston Tea Party, John Brown’s raid and execution, Black Tuesday) transformed the public mood, swiftly and permanently. Over the next two decades or so, society convulsed. Emergencies required massive sacrifices from a citizenry that responded by putting community ahead of self. Leaders led, and people trusted them. As a new social contract was created, people overcame challenges once thought to be insurmountable – and used the Crisis to elevate themselves and their nation to higher plane of civilization.” – Strauss & Howe - The Fourth Turning
Thursday, April 05, 2012
Marc Faber on the Badley Inflated Ego of Ben Bernanke / Politics / Central Banks
By: Videos
US President Barack Obama gave a speech accusing Republicans of "social darwinism" with budget cuts they are proposing, calling them antithetical to the country's history as a land of opportunity. But how much opportunity is there left exactly? We speak with Dr. Marc Faber, publisher of the Gloom Boom & Doom report. He says that wealth destruction and social unrest may be on the way for Western economies, whose citizens are being outcompeted by those in emerging economies who are willing to work harder and are far hungrier than Westerners are.