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Market Oracle FREE Newsletter

Analysis Topic: Politics & Social Trends

The analysis published under this topic are as follows.

Politics

Monday, February 27, 2017

Peak American Wealth – Revisited / Politics / Social Issues

By: Raul_I_Meijer

Let’s see. On February 18, I wrote an essay called “Not Nearly Enough Growth To Keep Growing”, in which I said “..the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s”.

That provoked a wonderfully written reaction from long-time Automatic Earth reader Ken Latta, which I published on February 23 as “When Was America’s Peak Wealth?”. Ken put peak wealth sometime in the late ’50s to early 60’s. As I said then, I really liked his definition of ‘wealth’ as being “best measured by the capacity to be utterly wasteful”. The article spawned a series of nice comments, for some reason largely by people in his age bracket (Ken’s 73).

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Politics

Monday, February 27, 2017

The Border Adjustment Tax Will Make The Jobs Problem Worse / Politics / US Politics

By: John_Mauldin

Under the border adjustment tax (BAT) plan, imports will be penalized and exports rewarded… which theoretically, in a perfect world without pushback, would leave our economy nicely balanced and undisrupted.

But I doubt it will happen that way, because the importers and exporters are not the same businesses. I’ve written extensively about this topic in my three part series, "Tax Reform: The Good, the Bad, and the Really Ugly" in Thoughts from the Frontline. (subscribe here for free.)

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Politics

Sunday, February 26, 2017

Iran Holds Large Scale Naval Exercises / Politics / Iran

By: Stephen_Lendman

Iran is threatened by Israel and America’s regional military presence. In areas around the Persian Gulf, it has bases in every country except Iran - plus numerous others in North Africa and Central Asia.

Its actions destabilized much of the Middle East. It supports the region’s worst despots.

The late Chalmers Johnson said “the United States has been inexorably acquiring permanent military enclaves whose sole purpose appears to be the domination of one of the most strategically important areas of the world.”

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Politics

Sunday, February 26, 2017

Trump Relinquishes Control of Foreign Policy / Politics / US Politics

By: Mike_Whitney

The war party is back in power and the odds of normal relations with Russia have dropped to zero.

The appointment of Army Lieutenant General H.R. McMaster to the position of national security adviser indicates that Trump has done an about-face on his most critical foreign policy issue, normalizing relations with Russia. General Michael Flynn– who recently stepped down from the post following allegations of lying to Vice President Mike Pence –was the main proponent of easing tensions with Moscow which is a position that had been enthusiastically embraced by President Donald Trump. But McMaster does not support normalizing relations with Russia, in fact,  McMaster sees Russia as a “hostile revisionist power” that “annex(es) territory, intimidates our allies, develops nuclear weapons, and uses proxies under the cover of modernized conventional militaries.” So, what’s going on? Why has Trump put a Moscow-hating hawk like McMaster in a position where he’ll be able to intensify the pressure on Russia, increase the provocations and, very likely, trigger a conflagration between the two nuclear-armed superpowers?

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Politics

Friday, February 24, 2017

When Was America’s Peak Wealth? / Politics / US Politics

By: Raul_I_Meijer

A few days ago, I wrote an essay entitled “Not Nearly Enough Growth To Keep Growing”, in which I posited, among many other things, that “..the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s” along with the question “..was America at its richest right before or right after Nixon took the country off the gold standard in 1971?”

That same day, I received an email from (very) long time Automatic Earth reader and afficionado Ken Latta, who implied he thought the peak of American wealth was even earlier. That turned into a nice conversation. I really like the way his head works to frame his words. And Ken knows what he’s talking about by grace of the fact that he was a witness to it all.

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Politics

Friday, February 24, 2017

California, Nestle and Decentralization - CalExit / Politics / US Politics

By: Antonius_Aquinas

Nestle USA has announced that it will move its headquarters from Glendale, California, to Rosslyn, Virginia, taking with it about 1200 jobs. The once Golden State has lost some 1600 businesses since 2008 and a net outflow of a million of mostly middle-class people from the state from 2004 to 2013 due to its onerous tax rates, the oppressive regulatory burden, and the genuine kookiness which pervades among its ruling elites.* A clueless Glendale official is apparently unconcerned about the financial repercussions of Nestle’s departure saying that it was “no big deal” and saw it as an “opportunity,” whatever that means!

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Politics

Wednesday, February 22, 2017

Why EU BrExit Single Market Access Hard line is European Union Committing Suicide / Politics / BrExit

By: Nadeem_Walayat

Some 8 months on from the British people voting against the interests of the establishment elite, most notable of which was for the emergence of an undemocratic european super state that further concentrated power into their own hands to the detriment of ordinary people. Britain is counting down to the triggering of Article 50, the formal request to LEAVE the European Union within a technical 2 year time limit for completion of but in practice may extend to several more years beyond. However, the EU elite even before the June 23rd 2016 vote, have been persistently warning the British people that they will be punished for voting for freedom from the EU super state, where the unsaid reason being so as to prevent a total collapse of the European Union as other states take Britians cue to rush for exit freedom.

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Politics

Wednesday, February 22, 2017

Why the US Democratic Party Is Dead / Politics / US Politics

By: Jesse

One more time.

My fear is that well-meaning people will focus on 'getting rid of Trump,' without considering what sort of leadership will replace him.

Hillary Part Deux? Or some other corporatist stooge from the GOP who runs a smoother, more polished con on the working class?

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Politics

Wednesday, February 22, 2017

Trump Chooses Hawkish National Security Advisor / Politics / US Politics

By: Stephen_Lendman

On Monday, Trump named hawkish Army Lt. General HR McMaster to replace Michael Flynn as National Security Advisor (NSA).

Political pressure lead to his unfortunate sacking for harmlessly discussing sanctions with Russia’s US ambassador.

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Politics

Wednesday, February 22, 2017

Trump Plans Mass Deportations / Politics / Immigration

By: Stephen_Lendman

Obama was notoriously called America’s “deporter-in-chief” for conducting sweeping Immigration and Customs Enforcement (ICE) raids nationwide - expelling record numbers, more than all his predecessors combined.

He largely targeted undocumented Mexicans and Central Americans, averaging over 1,000 deportations daily - people in the United States because destructive NAFTA and DR-CAFTA trade deals destroyed their jobs at home, or sought asylum from domestic violence and chaos.

Trump appears bent on exceeding Obama’s viciousness. Thousands of new ICE and border patrol agents are being hired. Stepped up sweeping raids will follow, more than already.

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Politics

Tuesday, February 21, 2017

The Nexus Between Politics and Economics / Politics / US Economy

By: Michael_Pento

President trump made the following crucial statement on February 9th: "We're going to be announcing something I would say over the next 2 or 3 weeks that will be phenomenal in terms of tax." To be sure, the nucleus of the President’s economic plan is the simplification of the tax code. To get this accomplished means everything for the stock market. Without a reduction in tax rates the air compressor that has been blowing up equity prices to near record and unsustainable valuations will explode.

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Politics

Tuesday, February 21, 2017

NSA and CIA is the Enemy of the People / Politics / Intelligence Agencies

By: BATR

Astute students of history understand that government agencies often further their own interests and not the administration they are designated to serve. Seldom is the genuine national security advanced when bureaucrats pledge their loyalty to their respective fiefdoms of projecting influence and power. Absent in this supremacy struggle equation is the abstract notion that state legitimacy is founded upon the will and consent of the people. Such a quaint concept does not reflect a chapter in the training manual that breeds the spooks who operate as above the law and unaccountable super spies.

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Politics

Tuesday, February 21, 2017

Is Trump's ISIS Plan Another US Military Invasion? / Politics / War on Terror

By: Dr_Ron_Paul

Just over a week into the Trump Administration, the President issued an Executive Order giving Defense Secretary James Mattis 30 days to come up with a plan to defeat ISIS. According to the Order, the plan should make recommendations on military actions, diplomatic actions, partners, strategies, and how to pay for the operation.

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Politics

Monday, February 20, 2017

Trump’s Tax System Could Spark The Wave Of Self-Employment / Politics / Taxes

By: John_Mauldin

Government is necessary.

That means we have to pay for the things government does. Hence, we have taxes.

The goal of tax policy should be simple: raise the required revenue to pay for whatever government actually—minimally—needs to do. And government should do those things as fairly and neutrally as possible.

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Politics

Monday, February 20, 2017

Here’s How to Stay Ahead of Machines and AI / Politics / AI

By: John_Mauldin

BY PATRICK WATSON : The Great American Jobs Apocalypse continues to tear our social fabric, and no one really knows what to do about it. If you’re not unemployed or underemployed now, then you know someone who is… and you could always be next.

I keep coming back to this theme in Connecting the Dots (subscribe here for free). That’s because it’s a monumental, paradigm-changing problem, and it affects all of us.

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Politics

Monday, February 20, 2017

Warning Signs Of Instability In Russia / Politics / Russia

By: John_Mauldin

BY GEORGE FRIEDMAN AND JACOB L. SHAPIRO : Geopolitical Futures forecasted that 2017 will be “an inflection point in the long-term destabilization of Russia.” After just six weeks, there are clear signs that this forecast is right on track. You can read more about GPF's outlook for Russia in This Week in Geopolitics (subscribe here for free).

Russia has four areas of instability: the distribution and prevalence of wage arrears, pressure on its banking system, low-level social and economic unrest, and government purges.

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Politics

Sunday, February 19, 2017

Deep State Power v. Trump / Politics / US Politics

By: Raul_I_Meijer

America’s deep state is divided on Trump. He couldn’t have been elected without enough support.

Post-inauguration, things changed. The balance of power shifted against him, leaving him vulnerable, already weakened this early in his tenure, unprecedented for a US president.

His record so far in office is another matter, though too soon to judge him definitively. Still, disturbing signs aren’t encouraging. More on this below.

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Politics

Saturday, February 18, 2017

The Flynn Fiascom, the Trump Revolution Ends in a Whimper / Politics / US Politics

By: Mike_Whitney

The Flynn fiasco is not about national security advisor Michael Flynn’s conversations with the Russian ambassador. It’s much deeper than that. It’s about Russia. It’s about Putin. It’s about the explosive rise of China and the world’s biggest free trade zone that will eventually stretch from Lisbon to Vladivostok.  It’s about the one country in the world that is obstructing Washington’s plan for global domination. (Russia) And, it’s about the future; which country will be the key player in the world’s most prosperous and populous region, Asia.

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Politics

Thursday, February 16, 2017

NSA, CIA, FBI, Media Establishment 'Deep State' War Against Emerging 'Trump State' / Politics / US Politics

By: Nadeem_Walayat

The latest actions in the established military, intelligence corporate, media complexes systematic war on the Trump Presidency was to takedown the Presidents National Security advisor, Michael Flynn following leaks of conversations recorded between Michael Flynn and the Russian Ambassador by the intelligence agencies to the New York Times amongst other establishment media outlets. With the Democrats jumping on board the lynch mob bandwagon with cries of Treason!

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Politics

Wednesday, February 15, 2017

Maps That Show The US’ Strategy In Asia-Pacific / Politics / GeoPolitics

By: John_Mauldin

BY GEORGE FRIEDMAN AND JACOB L. SHAPIRO : Secretary of Defense James Mattis recently wrapped up his first international trip whose purpose was to “listen to the concerns of South Korean and Japanese leaders.”

The two countries are crucial US allies in Asia, and both face serious threats in their near abroad.

Discussing security threats, though, wasn’t the main goal of Mattis’s trip. He was there to assure both countries that the Trump administration will not abandon the US alliance structure in the Pacific.

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