Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.Thursday, May 17, 2012
Global Implications Of French Presidential Election / Politics / Euro-Zone
Forget the anemic latest US jobs report - the world is in play, and the election of Francois Hollande as the President of France may do more to determine US unemployment rates (and global investment results) in the next year than anything that Ben Bernanke and US government policies will accomplish.
There is a near-term risk that a process has been set in motion that could plunge the entire globe into currency chaos and economic depression within the next year, with the failure to form a government in Greece acting as only one of a number of possible triggers.
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Thursday, May 17, 2012
Demystifying Global Warming / Politics / Climate Change
At its simplest and most basic, global warming theory (called "anthropogenic global warming" theory or AGWT) is as idiot-friendly as the official story of what happened on September 11, 2001 in the USA. Five airplanes were hijacked by dangerous Islamic fundamentalists by order of Afghanistan's Taliban or only with their friendly help. They flew around for rather a long time but America was so terrified no fighter planes were sent to bring down the hijacked planes. Two of the planes disappeared, but three were crashed into carefully chosen targets, not including nuclear power plants, oil refineries, pesticide factories, the White House or suchlike. Three immense tower blocks in New York then collapsed, one of them without being hit by an airplane and the Pentagon was slightly damaged, possibly not by an airplane. Afghanistan was then invaded in a colonial war rampage, by the USA and some other countries described as "democratic".
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Wednesday, May 16, 2012
What Was Global Warming ? / Politics / Climate Change
Relatively soon, this question will be asked: global warming has traced a wipeout curve like any failed Great Cause, mixing junk science, porkbarrel politics, cash-gouging corporate greed and deliberate promotion and falsification of any real danger or risk for society by self-serving media barons seeking the latest Big Thing to bemuse what they cynically treat as their witless "media consumers".
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Wednesday, May 16, 2012
Germany Faces Political Isolation / Politics / Euro-Zone
One month ago it appeared that Germany held the whip hand in its titanic struggle against those seeking to cure all economic ills with the snake oil of currency debasement. Now, it appears that the ground beneath its feet is being swept away in a flood of popular unrest and political exploitation. The recent elections in Europe, which highlight both the strong grass roots revolt against Germanic demands in Greece and France show that the cause of sound money and fiscal prudence to be a lonely and difficult endeavor.
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Wednesday, May 16, 2012
The Coming Generational Storm, Living Beyond Our Children's Means and Doing Ponzi Proud / Politics / Demographics
There are plenty of books about the entitlement disaster in our future, but few come with the backing of an academic press. The Clash of Generations is an exception. Written by economist Larry Kotlikoff, one of the creators of generational accounting, and my good friend of long standing, Scott Burns, Clash shows what current policies have already done to young people, tells stories about how both parties have allowed it to happen, and offers actual policy solutions– for banking, taxes, healthcare, and Social Security.
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Tuesday, May 15, 2012
Sarkozy's Engame Economics / Politics / Euro-Zone
Although he drank Diet Coke rather than fine wines, preferred chocolate bars to ripe and smelly French cheeses and in front of the Pope was so squeaky cool, modern and arrogant that he checked for messages on his Blackberry (if he really knew how to use a Blackberry), French voters plucked up enough courage to evict the brash, egotistical and hyperactive President Bling-Bling, the so-called Hyper President from the Elysee Palace. After just one term in office this was courageous - the last time it happened was in 1981- but Sarkozy was out. He was finished along with his less-than-respected Italian supermodel spouse, so proud of having been a live-in sex toy of Mick Jagger (or possibly Keith Richards). Whatever her horizontal claims to fame, she was a lousy singer.
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Tuesday, May 15, 2012
Ron Paul - End of Mend the Fed? / Politics / Central Banks
Last week I held a hearing to examine the various proposals that have been put forth both to mend and to end the Fed. The purpose was to spur a vigorous and long-lasting discussion about the Fed's problems, hopefully leading to concrete actions to rein in the Fed.
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Tuesday, May 15, 2012
France's Struggle For European Dominance / Politics / Euro-Zone
New political leaders do not invent new national strategies. Rather, they adapt enduring national strategies to the moment. On Tuesday, Francois Hollande will be inaugurated as France's president, and soon after taking the oath of office, he will visit German Chancellor Angela Merkel in Berlin. At this moment, the talks are expected to be about austerity and the European Union, but the underlying issue remains constant: France's struggle for a dominant role in European affairs at a time of German ascendance.
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Monday, May 14, 2012
Why U.S. Politicians Are Quiet About Europe's Meltdown / Politics / US Politics
After the Greek elections struck fear into the hearts of the global banksters, the fallout remains uncertain. If the next Greek election produces an anti-austerity government, Greece will almost certainly make a speedy exit from the euro. If this happens — and it is looking increasingly inevitable — the consequences for the global economy are spectacularly gloomy. Yet U.S. media and U.S. politicians are largely silent on the issue, almost as if nothing were happening.
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Monday, May 14, 2012
How to Fix Financial Services Regulation / Politics / Market Regulation
As I was reading of yet another spectacular mismatch between bank managers' competence and their remuneration, and this time at JP Morgan no less, I realized there is a simple solution which really could be implemented.
Make the cost of regulation zero - or very nearly - for unlimited liability partnerships. Then let judicious self-interest, exercized by the partners themselves, do the rest.
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Monday, May 14, 2012
Taiwan: The Democratic China / Politics / China
In the 60 years since Chinese Nationalists retreated to Taiwan, the tiny island country has transformed itself quite differently from the mainland China. Thanks to a series of financial and economic reform by the Nationalist Party (KMT), Taiwan got a head start on economic and democratic development, while Mao's Cultural Revolution had left the Mainland in an over-a-decade-long developmental vacuum.
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Monday, May 14, 2012
Carbon, Low Carbon, And No Cash / Politics / Climate Change
STIRRING TIMES FOR SOME
Opening the IEA's high level conference by-lined "Clean Energy Progress" in London, late April, the IEA's deputy director Ambassador Richard H. Jones didn't beat around the bush: he said that global average temperatures were set to rise by "at least 6 degrees centigrade by 2050", and we should all be very unhappy to leave that behind us, as our legacy to future generations. To be sure, getting that surge in global temperatures in an eyeblink of planetary time would need something rather special and strange, in fact catastrophic. This could include the most intense and quickest acting explosion of volcanic activity the planet has ever known - but Ambassador Jones told the respectful audience, including serried ranks of the world's media and Britain's PM David Campbell, it was all due to tailpipe emissions from four-wheel-drives and fossil fuelled power stations. So low carbon was right back high on the menu ! Like the loudest shills in the global warming business, such as Britain's James 'Lysenko' Lovelock had always shilled for, through an incredibly long decade in which global warming junk science ruled and it was absolutely OK - despite Lovelock himself recanting and admitting, also in late April that basically speaking he had been lying. Lysenko had also been contrite, at the end.
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Sunday, May 13, 2012
Will Merkel Commit Political Suicide or Bail on the Euro? / Politics / Eurozone Debt Crisis
As I’ve noted in previous articles, politics, not economics, rule Europe. What I mean by this is that most major decisions in Europe are determined by political agendas that ignore economic and financial realities.
This is at the core of the “welfare state” mentality that permeates Europe as a whole. The EU in general is comprised of an aging population that is more concerned about receiving the pensions/ health benefits/ social payouts that were promised to them by the system than anything else.
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Sunday, May 13, 2012
The Nightshade Nightmare / Politics / Social Issues
John Roth writes writes: I am a male over 60 and have [or had] a serious health problem that I tried to ignore for the last three years. I tried every holistic treatment, supplement, vitamin and herb under the sun.
During that period my gastrointestinal tract quit working three times. I had a lot of trouble breathing and although I had the urge nothing would come out of my body. You get the picture.
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Sunday, May 13, 2012
The Axis of Indifference In The Media World / Politics / Mainstream Media
Foreign correspondents have always been revered within journalism. That’s why covering Iraq or other wars are assignments so many reporters cultivate. Many see them as a ticket up the media pecking order.
Being “under fire” promise excitement, danger and—let’s face it, on TV —precious “face time.” Going overseas is often a route to more visibility and better jobs at home on the strength of your “bravery/” War reporting can be the macho oxygen of ambition.
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Saturday, May 12, 2012
The Hall Of Mirrors at the Palace of Versailles / Politics / Eurozone Debt Crisis
Major central banks around the world are employing historically loose monetary policy to prop up the fundamentally flawed fractional reserve banking sector artificially. As cases in point, the Federal Reserve Bank, the Bank of Japan, the Bank of England and the European Central Bank have each dropped bank funding interest rates to almost zero over the last few years.
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Friday, May 11, 2012
Germany's Mixed Euro Policy Signals / Politics / Euro-Zone
Last week's media headlines focused on how the election results in France and Greece reflected a wave of rising public resistance across Europe to the austerity programs being championed by Germany, the IMF, and the EU. Less notice has been given to Germany's internal revolt against Chancellor Angela Merkel's conservative policies at home and abroad. Elections in the north German state of Schleswig-Holstein just ended the dominance there of Angela Merkel's Christian Democrats (CDP/CDU) while emboldening the center-left Social Democrats (SDP), hard-left Greens, and libertarian Free Democrats (FDP). Those results are expected to be repeated at this Sunday's ballot in North Rhine-Westphalia, Germany's largest state.
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Friday, May 11, 2012
Does the West Have a Future? / Politics / Social Issues
Living in America is becoming very difficult for anyone with a moral conscience, a sense of justice, or a lick of intelligence. Consider:
We have had a second fake underwear bomb plot, a much more fantastic one than the first hoax. The second underwear bomber was a CIA operative or informant allegedly recruited by al-Qaeda, an organization that US authorities have recently claimed to be defeated, in disarray, and no longer significant.
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Friday, May 11, 2012
European Elections Subtext / Politics / Euro-Zone
Various interpretations of recent European elections have been put forward, one of which gets short shrift. The voters have, for the first time, been given the opportunity to approve or disapprove of the euro. They are voting nein. There is a parallel in the United States.
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Thursday, May 10, 2012
Ron Paul on Why Bankster Power Must be Eradicated / Politics / US Politics
Although it has taken nearly a century, it seems that the entire spectrum of the American political establishment has finally realized the destructive power of the Federal Reserve System. Whether left, right, or libertarian, politicians are lining up to attack Ben Bernanke and the Fed's destructive monetary policy. Where there is disagreement or lack of understanding, however, is on why the Fed's monetary policy is destructive, how it harms the economy, and what should be done about it. Today's hearing will examine the various proposals that have been put forth both to mend and to end the Fed. It is my hope that this hearing will spur a vigorous and long-lasting discussion about the Fed's problems, a discussion which will lead to concrete actions once and for all to rein in the Fed.
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