Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Wednesday, September 24, 2008
Fascist Business System Breeds Corruption & Receivership / Politics / Credit Crisis Bailouts
By: Jim_Willie_CB
The United States has transformed itself, the most radical degraded aspects having occurred in the last eight years. Many might object or cringe at repeated mention of the Fascist Business Model implemented by the Clinton Administration, and carried to extreme by the Bush II Administration. It is a harsh departure from Beacon of Freedom. Too bad, fact of life! This merger of state and big business in the midst of a climax, the biggest display of exported financial toxin in modern history, and the disintegration of the financial structure for the nation owning the world reserve currency. Read full article... Read full article...
Wednesday, September 24, 2008
Bailout Atrocity- Ron Paul Says "Call Your Congress Member Now!" / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
In a Letter from Ron: Time is running out Ron Paul is urging everyone to "Call Them!".
With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.
Wednesday, September 24, 2008
Wall Streets Trillion Dollar Swindle / Politics / Credit Crisis Bailouts
By: Mike_Whitney
On Friday morning, Senator Christopher Dodd, the head of the Senate Banking Committee, was interviewed on ABC's “Good Morning America.” Dodd revealed that just hours earlier at an emergency meeting convened by Secretary of the Treasury Henry Paulson and Federal Reserve chairman Ben Bernanke, lawmakers were told that "We're literally maybe days away from a complete meltdown of our financial system.” Dodd added somberly, that in his three decades of serving in public office, he had "never heard language like this.” Read full article... Read full article...
Wednesday, September 24, 2008
Congress Being Blackmailed into Signing a Blank Check / Politics / Credit Crisis Bailouts
By: John_Browne
Last week, Treasury Secretary Paulson and Fed Chairman Ben Bernanke faced Congressional leaders with a reported forecast that we are “literally days away from a complete meltdown of our financial system.” Apparently, the politicians were stunned into a long silence. Read full article... Read full article...
Wednesday, September 24, 2008
The New President and the Global Landscape: Obama's Foreign Policy Stance / Politics / US Politics
By: STRATFOR
George Friedman writes: Barack Obama is the Democratic candidate for president. His advisers in foreign policy are generally Democrats. Together they carry with them an institutional memory of the Democratic Party's approach to foreign policy, and are an expression of the complexity and divisions of that approach. Like the their Republican counterparts, in many ways they are going to be severely constrained as to what they can do both by the nature of the global landscape and American resources. But to some extent, they will also be constrained and defined by the tradition they come from. Understanding that tradition and Obama's place is useful in understanding what an Obama presidency would look like in foreign affairs. Read full article... Read full article...
Wednesday, September 24, 2008
Bernanke and Paulson Hoodwink American Tax Payers Into Buying Crap / Politics / Credit Crisis Bailouts
By: Brady_Willett
The Treasury Secretary Paulson and Fed Chairman Bernanke bailout plan calls for $700 billion in taxpayer funds to be used to purchase assets that will in all likelihood be worth considerably less in the future. As for the contention that the assets to be purchased could be worth more in the future than prices paid today, if there was any validity to this speculation the bailout plan in question would not be required as the assets in question would have already found a buyer. Read full article... Read full article...
Wednesday, September 24, 2008
US Government Financial Crisis Misinformation / Politics / Credit Crisis 2008
By: EWI
Three Questions The Government Doesn't Want You To Ask About the Financial Crisis And 3 Shocking Answers!
Bob Prechter, President of Elliott Wave International (EWI), is no stranger to challenging the status quo. His New York Times bestseller, Conquer the Crash , was published in 2002 before anyone was even talking about the current financial crisis.
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Tuesday, September 23, 2008
US Treasury Bailout Auction Scam and How To Stop It / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
As more and more details of the Paulson proposal become clear, the smellier the package is.
Today Bernanke admitted the Treasury has no intention of conducting a true reverse auction. Inquiring minds are considering Fed Chairman Bernanke Clarifies Government's $700 Billion Proposal .
"I believe that under the Treasury program, auctions and other mechanisms could be designed that will give the market good information on what the hold-to-maturity price is for a large class of mortgage-related assets. If the Treasury bids for and then buys assets at a price close to the hold to maturity price, there will be substantial benefits," said Bernanke.
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Tuesday, September 23, 2008
The Paulson Bail-Out Plan is Mortgage Fraud on Historic Scale? / Politics / Credit Crisis Bailouts
By: Richard_C_Cook
The $750 billion banking system bailout proposed by Secretary of the Treasury Henry M. Paulson met with a cool reception on Capitol Hill this morning at a hearing of the Senate Banking Committee. Nevertheless, a bill is likely to pass both houses of Congress within the next couple of weeks. As Senator Tim Johnson (D-SD) said, it's “a necessary evil.” But is it also an example of “mortgage fraud” on a historic scale? Read full article... Read full article...
Tuesday, September 23, 2008
No Blank Check for Wall Street Says Senate Majority Leader Reid / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The ReviewJournal is reporting Reid says "no blank check" for Wall Street bailout .Senate Majority Leader Harry Reid said today that Democrats in Congress will not grant President Bush "a blank check" $700 billion financial bailout bill without debate over amendments to "protect taxpayers."
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Tuesday, September 23, 2008
The New President and the Global Landscape: US Foreign Policy Part1 / Politics / US Politics
By: STRATFOR
It has often been said that presidential elections are all about the economy. That just isn't true. Harry Truman's election was all about Korea. John Kennedy's election focused on missiles, Cuba and Berlin. Lyndon Johnson's and Richard Nixon's elections were heavily about Vietnam. Ronald Reagan's first election pivoted on Iran. George W. Bush's second election was about Iraq. We won't argue that presidential elections are all about foreign policy, but they are not all about the economy. The 2008 election will certainly contain a massive component of foreign policy. Read full article... Read full article...
Tuesday, September 23, 2008
US Treasury Relents on Bailout Key Points, Shelby Reiterates Opposition / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The Wall Street Journal is reporting Treasury Relents on Key Points . The Bush administration and the Democratic Congress inched closer to agreement on a $700 billion plan to rescue troubled financial firms, with the Treasury making most of the concessions amid an increasing backlash from a range of economists and lawmakers.
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Tuesday, September 23, 2008
Credit Crisis Breeding Fascism for the "Public Good" / Politics / Credit Crisis Bailouts
By: Darryl_R_Schoon
THE KILLERS ARE WITH THE PATIENT - There is nothing more dangerous than when those responsible for a nation's troubles are believed to be its sa vio r.
The Wall Street Journal had one fact correct regarding Wall Street's accelerating collapse when on September 20th they wrote: When government officials surveyed the failing American financial system this week, they didn't see only a collapsed investment bank or the surrender of a giant insurance firm. They saw the circulatory system of the U.S. economy—credit markets—starting to fail .
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Monday, September 22, 2008
How US Congress Intends To Waste $1.8 Trillion / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The size of the bailout is growing by leaps and bounds. Inquiring minds are asking A $1.8 Trillion Bailout: Where the Money's Going?
—Up to $700 billion to buy assets from struggling institutions. The plan is aimed at sopping up residential and commercial mortgages from financial institutions but gives Treasury broad latitude.
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Monday, September 22, 2008
Mushroom Cloud over Wall Street as US Constitution Burns / Politics / Credit Crisis Bailouts
By: Mike_Whitney
These are dark times. While you were sleeping the cockroaches were busy about their work, rummaging through the US Constitution, and putting the finishing touches on a scheme to assert absolute power over the nation's financial markets and the country's economic future. Industry representative Henry Paulson has submitted legislation to congress that will finally end the pretense that Bush controls anything more than reading the lines from a 4' by 6' teleprompter situated just inches from his lifeless pupils. Paulson is in charge now, and the coronation is set for sometime early next week. He rose to power in a stealthily-executed Bankster's Coup in which he, and his coterie of dodgy friends, declared martial law on the US economy while elevating himself to supreme leader. Read full article... Read full article...
Sunday, September 21, 2008
Gordon Brown Saved by Financial Armageddon / Politics / UK Politics
By: Nadeem_Walayat
Last weeks near collapse of the worlds financial system that was brought home to British voters and labour party members on a near daily basis with an ever increasing meltdown being observed as Britain's biggest mortgage bank HBOS teetered on the brink of nationalisation, has to all intents and purposes brought the risk of an imminent leadership challenge against Gordon Brown to an end, this despite all of the protestations from the growing labour rebels who will fail to bring down their leader, but are succeeding in destroying any chances the Labour party has of winning the next election as the voters despise disunity within political parties. Read full article... Read full article...
Saturday, September 20, 2008
Geopolitical Imperatives Driving Russia and United States New Cold War / Politics / New Cold War
By: STRATFOR
Over the past several months we have written quite a bit about the Russian resurgence . This discussion predates Russia's military action in Georgia. Indeed, we have discussed the revival of Russian power since at least 2005, the implications of the FSB's return since April and the potential return of the Cold War since March. Read full article... Read full article...
Saturday, September 20, 2008
Congressional Leaders Stunned That Bernanke Finally Admits The Truth / Politics / Credit Crisis 2008
By: Mike_Shedlock
The New York Times is reporting Congressional Leaders Stunned by Warnings It was a room full of pople who rarely hold their tongues. But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silence at first
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Friday, September 19, 2008
The Death of Capitalism / Politics / Government Intervention
By: Andy_Sutton
Markets have soared late this week on the news that Superman (aka Henry Paulson) will once again fly into the heat of battle and snatch victory from the jaws of sure defeat. According to Paulson, the federal government is busily crafting a taxpayer funded scheme to absorb all of the bad mortgage debt and make Wall Street whole again. The idea of course is to put an end to the annoying financial crisis so we can get back to the serious business of overconsumption and debt accumulation.Read full article... Read full article...
Friday, September 19, 2008
The United States Becoming an Impoverished Nation / Politics / US Economy
By: Richard_C_Cook
Everything the Federal Reserve and the U.S. Treasury Department are trying to do to stem the tide of the self-destructing U.S. financial system is a stopgap. They are locking the barn door after the horse—many horses—have already escaped, and they know it.
They also know the cause of the crisis is not subprime mortgage lending—that was just the trigger. Cries to re-regulate the failed financial industry are coming from Congress, the media, and investors around the world. But lax regulation is not the cause of the problem either.
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