Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Friday, October 10, 2008
Maine Is Not Part of America and America Is Not Part of the World / Politics / US Politics
By: Michael_T_Bucci
You won't find too many people who understand that bad economic times have arrived in Mid-Coast Maine for the simple reason that they haven't arrived. In this town of 2,000 the last summer was as "normal" as normal could be. I asked local merchants - who outnumber chains in this semi-affluent mix of locals and "Transplants" - how business was this summer? Business was good, everyone says. Busy, busy! Yet, I spot a few vacant storefronts here and there that no one but the town office and me notice. The GM dealer disappeared last year leaving a giant space that the Health Store plans to fill next spring.Read full article... Read full article...
Thursday, October 09, 2008
Financial Warfare Over Future of Global Banking Power / Politics / Credit Crisis Bailouts
By: F_William_Engdahl
What's clear from the behavior of European financial markets over the past two weeks is that the dramatic stories of financial meltdown and panic are deliberately being used by certain influential factions in and outside the EU to shape the future face of global banking in the wake of the US sub-prime and Asset-Backed Security (ABS) debacle. The most interesting development in recent days has been the unified and strong position of the German Chancellor, Finance Minister, Bundesbank and coalition Government, all opposing an American-style EU Superfund bank bailout. Meanwhile Treasury Secretary Henry Paulson pursues his Crony Capitalism to the detriment of the nation and benefit of his cronies in the financial world. It's an explosive cocktail that need not have been. Read full article... Read full article...
Thursday, October 09, 2008
Post 9/11 World Strategic Analysis / Politics / Al-Qeeda
By: STRATFOR
One day after 9/11, U.S. President George W. Bush declared a global “war on terror.” Al Qaeda had first reared its head years before in the 1993 World Trade Center bombing, the 1998 U.S. Embassy attacks in East Africa and the 2000 USS Cole bombing, but it was not until the World Trade Center towers came crashing down that the global international security community became almost completely consumed with battling global jihadism. Professors of political Islam came out of the woodwork, Osama bin Laden became a household name, university students started pouring into Arabic language courses and, for the first time, terrorism became a national security priority. This era became known as the “post-9/11 world.” Read full article... Read full article...
Wednesday, October 08, 2008
Bailout Bill Full of Pork Fuelling U.S. $11trillion Debt Mountain / Politics / US Debt
By: Michael_Pento
Buried in the bailout bill signed into law on Friday was a plethora of tax incentives and increases in government intrusion into our privacy. Following in the spirit of the Patriot Act, this new law now allows the IRS to run undercover operations where they can pose as accountants and offer illicit advice to entrap clients. Additionally, it provides in total over $100 billion in tax exemptions for makers of wooden arrowheads, owners of stock car racetracks, Virgin Island rum runners and others.Read full article... Read full article...
Wednesday, October 08, 2008
Gold and the Flood of Cheap Government Money / Politics / Gold & Silver
By: Paul_Tustain
"...If we allow governments to control finance, we give them extraordinary power over which projects are allowed and which are deemed inappropriate..."
The BRITISH PRIME MINISTER , Gordon Brown, says the current mess in world finance and credit is the fault of "irresponsible" bankers.
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Wednesday, October 08, 2008
Congress Risked Financial Collapse to Charge Commission / Politics / Credit Crisis Bailouts
By: John_Browne
Faced with an imminent financial meltdown and a looming depression, one might have expected Congress, inspired with a rush of patriotism, to have stepped vigorously to the plate to pass Paulson's rescue package without delay. Read full article... Read full article...
Wednesday, October 08, 2008
Emergency Economic Stabilization Act Fleeces America to Reward Criminal Bankers / Politics / Credit Crisis Bailouts
By: Stephen_Lendman
Over 200 years ago, Thomas Paine wrote a treatise on government in which he said "a republic is supposed to be directed by certain fundamental principles of right and justice, from which there cannot, because there ought not to, be any deviation. (It) is executed by a select number of persons, who act as representatives, and in behalf of the whole, and who are supposed to (govern) as the people would do were they all assembled together.... Read full article... Read full article...
Wednesday, October 08, 2008
UK Government Acts To Prevent Collapse Of Banking System / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Bloomberg is reporting U.K. to Inject About $87 Billion in Country's Banks .
Prime Minister Gordon Brown's government will invest about 50 billion pounds ($87 billion) in an unprecedented step to prevent a collapse of the U.K. banking system.
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Monday, October 06, 2008
Bailout: Congress Does Something But Not the Right Thing / Politics / US Politics
By: Dr_Ron_Paul
The Do-Something Congress - It has not been a good week for the Republic. It took quite a bit of trampling of the Constitution, but the bailout bill passed, as I suspected it would.Read full article... Read full article...
Monday, October 06, 2008
Impending U.S. Economic Collapse And Death Of Democracy / Politics / US Politics
By: Clive_Maund
Politicians worship money and power. Every politician worth his salt secretly aspires to be a dictator, although they dare not admit this as it is not exactly politically correct. The ultimate goal of the consummate politician is to have absolute power, and be able to boss everyone else about, to have unlimited access to public funds for the purposes of profligate personal consumption and more importantly self aggrandizement, as well as to bribe and reward supporters, and to kill or otherwise neutralize anyone who disagrees or creates any opposition.Read full article... Read full article...
Sunday, October 05, 2008
The New American Century: Cut Short By 92 Years / Politics / GeoPolitics
By: Mike_Whitney
America's time as a superpower is coming to an end. The financial crisis was just the last straw. Whatever good faith was left after the invasion of Iraq, the shrugging off of international treaties and the shameless disregard for human rights, is now gone. The United States has polluted the global economic system with worthless mortgage-backed securities and, by doing so, has pushed 6 billion people closer to a long and painful recession. That's not something that can be easily forgiven. Read full article... Read full article...
Sunday, October 05, 2008
Keyser Soze Heists Main Street Out of $700 Billion / Politics / Credit Crisis Bailouts
By: Nadeem_Walayat
The greatest heist in history took place on Friday when congress was CONNED into signing away $700 billion accompanied by SOME $120 billion of pork.
The Usual Suspects, Paulson, Bernanke and Cox (the Chair of SEC) over the last 10 days have proceeded to spin their verbal scare story to both the Democrats and Republicans into joining forces to hand over a ransom of $700 billion in the form of a blank check to the aid bankrupt banks to off load losses onto the US tax payer.
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Saturday, October 04, 2008
Sarah Palin Darn's Biden into Vice-Presidential Debate Defeat / Politics / US Politics
By: Walter_Brasch
The vice-presidential debates proved one thing. At the very least, Sarah Palin can be trained.
For several days, she had camped out in one of John McCain's Arizona houses, where she underwent Debate Boot camp conducted by drill instructors who make Marine DIs appear to be slaggers.
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Friday, October 03, 2008
Bailout Plan WIll Fail due to Flawed Understanding of the Financial Crisis / Politics / Credit Crisis Bailouts
By: Peter_Schiff
We are being told loudly and repeatedly that the gargantuan mortgage bail-out package is necessary because illiquid mortgage-backed securities are clogging our financial arteries, threatening the economic equivalent of cardiac arrest. The idea of the plan is to transfer these supposedly valuable, but currently unmarketable, assets to the government so that private institutions can freely lend once more. The monumental flaw in this argument is that the mortgage backed securities are in fact highly liquid, just not at the prices the owners would like to receive.
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Friday, October 03, 2008
$700 Billion Bailout Package a Necessary Evil / Politics / Credit Crisis 2008
By: Brady_Willett
Years from now conspiracy theorists will no doubt contend that the historic $700 billion 2008 bailout package came about because the Federal Reserve and U.S. Treasury wanted to further cement their control over the U.S. economy and government. Focusing on Bernanke and Paulson's apocalyptic words leading up to the bailout vote, not to mention some anti-Fed writings from Thomas Jefferson, conspiracy theorists will note how powerful men scared Congressmen into adopting their plan, how the rules of the financial game were changed to help Wall Street, and how the American public, once again, saw their hard earned dollars stolen from them. Needless to say, what the conspiracy theorists will be doing is giving Bernanke and Paulson far more credit than they deserve.
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Thursday, October 02, 2008
France, Germany Clash Over Proposal to Bailout European Banks / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Tensions are building up in the Eurozone as France, Germany Tensions are building up in the Eurozone as France, Germany Clash Over Proposal to Bail Out Banks .France and Germany clashed over whether to create a fund to bail out banks pounded by the global credit crunch, kicking off a European version of the debate that has been raging in the U.S. for two weeks.
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Thursday, October 02, 2008
Senate Bailout Bill Will Fail US Taxpayers / Politics / Credit Crisis Bailouts
By: Money_Morning
Shah Gilani writes: My sister lives in a landmark building in Coral Gables, Fla. There was a fire in one apartment in the building. After that fire was brought under control, the fire department - for some unknown reason - dropped a hose in the burned apartment, and left the water running … for hours.
That inane maneuver destroyed many apartments, crippled the building's infrastructure and resulted in the building being temporarily condemned. The entire building was closed down for many months. Every person who lived there had to relocate. My sister, fortunately, had the wherewithal to take up temporary residence in the world-famous Biltmore Hotel .
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Thursday, October 02, 2008
$700 Billion Bailout the Largest US Tax Hike in History / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The following image was used by my friend Charles Goyette whose talk show I was on every Wednesday for several months. Charles left for personal reasons and I miss him. Rumor has it he is working on a new deal and I certainly wish him the best of luck. Read full article... Read full article...
Thursday, October 02, 2008
Bailout Bill Marks the End of America as We Know It? / Politics / Credit Crisis Bailouts
By: Richard_C_Cook
OCTOBER 1, 2008—Tonight the Senate passed the $700 billion Wall Street bailout bill by a vote of 74-25. This follows the rejection of the bill by the House on Monday. In an MSNBC poll, 62 percent of Americans oppose the giveaway, but the lobbyists are doing everything possible to assure the rejection is overturned. According to Bob Borosage, co-director of The Campaign for America 's Future, House leaders “are bringing in the small business lobby and the banking lobby to buy the twelve Republican votes they need.” Read full article... Read full article...
Wednesday, October 01, 2008
Europe Puts Pressure on Bush to Pass Bailout Plan / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Bloomberg is reporting Trichet Says U.S. Must Pass Plan to Rescue `Global Finance'European Central Bank President Jean- Claude Trichet said U.S. lawmakers must pass a $700 billion rescue package for banks to shore up confidence in the global financial system.
"It has to go, for the sake of the U.S. and for the sake of global finance," Trichet said in an interview in Frankfurt with Bloomberg Television late yesterday. "I am confident, but of course it is the decision of the U.S. Congress."
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