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Market Oracle FREE Newsletter

Analysis Topic: Politics & Social Trends

The analysis published under this topic are as follows.

Politics

Friday, July 22, 2011

U.S. Economy Destroyed, Washington Is the Enemy / Politics / US Politics

By: Paul_Craig_Roberts

Best Financial Markets Analysis ArticleRecently, the bond rating agencies that gave junk derivatives triple-A ratings threatened to downgrade US Treasury bonds if the White House and Congress did not reach a deficit reduction deal and debt ceiling increase. The downgrade threat is not credible, and neither is the default threat. Both are make-believe crises that are being hyped in order to force cutbacks in Medicare, Medicaid, and Social Security.

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Politics

Friday, July 22, 2011

Kamikaze War on U.S. Debt Ceiling / Politics / US Debt

By: Danny_Schechter

Best Financial Markets Analysis ArticleNew York: During World War 2, the Japanese deployed units of pilots who turned their planes into bombs, and sacrificed themselves in the name of their emperor in a holy war against US ships. They would aim for the deck of aircraft carriers and do as much damage as they could at a cost of their equipment and their lives.

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Politics

Friday, July 22, 2011

Sarkozy Saves Greece And Launches The F.S.F. / Politics / Credit Crisis Bailouts

By: Andrew_McKillop

Best Financial Markets Analysis ArticleIn a classic of its type, French president Nicolas Sarkozy, 21 July evening time in Brussels, gave what looked and sounded like an impromptu press conference but supposedly wasn't. In a state of high excitement he explained how almost alone, or at least with German chancellor Angela Merkel they had saved Greece. The figures thrown out by Sarkozy were part of the circus show, for example that Greek debt, in 1 year, had grown by about 100 billion euro or by nearly 40 percent of GNP, to what Sarkozy claimed was 350 billion euro, which is difficult on a GNP he also claimed as 230 bn euro this year. To be sure, 10 or 20 bn euro this way or that counts for little, in such exciting times.

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Politics

Thursday, July 21, 2011

U.S. Debt Ceiling Myths / Politics / US Debt

By: Michael_Pento

Best Financial Markets Analysis ArticleThe debt ceiling debate that has dominated the headlines over the past month has been thoroughly infused with a string of unfortunate misconceptions and a number of blatant deceptions. As a result, the entire process has been mostly hot air.

While a recitation of all the errors would be better attempted by a novelist rather than a weekly columnist, I'll offer my short list.

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Politics

Thursday, July 21, 2011

NHS GP's, Centralised Healthcare and The Pretense of Medical Knowledge / Politics / NHS

By: MISES

Best Financial Markets Analysis ArticleAndrew Foy writes: Like his mentor Ludwig von Mises, Friedrich Hayek spent his academic career trying to expose the central planner's pretense of economic knowledge. In doing so, Hayek referred to "the knowledge problem." In explaining it, he writes,

The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess.…

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Politics

Thursday, July 21, 2011

The Great Default, The Feds and Their Mega-Debts / Politics / US Debt

By: Gary_North

Diamond Rated - Best Financial Markets Analysis ArticleTo cheer your day – maybe your year – click through to this chart on tax revenues. The U.S. Government has hit a tax revenue ceiling. It is in the range of 16% of GDP.

The government is spending about 24% of GDP, which is down slightly from 2009, which was the all-time high since 1945.

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Politics

Thursday, July 21, 2011

The Bank of America Settlement: The Latest Travesty in the U.S. Banking System / Politics / Credit Crisis Bailouts

By: Money_Morning

Best Financial Markets Analysis ArticleShah Gilani writes: If there's one thing the recent Bank of America Corp. (NYSE: BAC) settlement proposal demonstrates, it's this: Calling the easy treatment that big banks have been enjoying in recent court and regulatory actions "a travesty of justice" is like calling the Grand Canyon a ditch.

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Politics

Thursday, July 21, 2011

Words Can’t Magic Away the Trade Deficit / Politics / US Politics

By: Ian_Fletcher

Best Financial Markets Analysis ArticleOne recurring delusion in the controversy over America’s free-trade-induced trade mess is the idea that our gigantic trade deficit, which fluctuates around $500 billion a year, somehow “doesn’t matter.”

Anyone who’s been reading my column in the Huffington Post will probably be taken aback by this bizarre assertion, but it’s actually out there, all over the place, especially in the nooks and crannies of libertarian fantasy land, where any “free” market outcome must necessarily be good and any problems observed must therefore be illusions.

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Politics

Thursday, July 21, 2011

The Debt Crisis and the War Cycle / Politics / Global Debt Crisis

By: Clif_Droke

Diamond Rated - Best Financial Markets Analysis ArticleMany books have been written in recent years on the problems facing us due to our nation's enormous debt. Indeed, many more could be written before the full scope of the debt problem and its consequences have been exhausted. One of the best books I've read which describes the debt problem in its simplest and most fundamental terms was written by one Richard Hoskins, entitled War Cycles/Peace Cycles.

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Politics

Wednesday, July 20, 2011

Poor People or Old People - Who Do We Want to Help? / Politics / Social Issues

By: Paul_L_Kasriel

Milton Friedman, may he rest in peace, used to talk about the "tyranny of the status quo." By that, he meant that it is difficult to change public policy because of entrenched interest groups allied with policies that have been in effect for decades. I would argue that opposition to changes in our current Social Security and Medicare programs is an example of tyranny of the status quo. The original intent of both programs was to provide an income support floor for our retired senior citizens.

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Politics

Wednesday, July 20, 2011

Gazprom's Increasing Influence Throughout Central Asia and Eastern Europe / Politics / Oil Companies

By: OilPrice_Com

The December 1991 collapse of the USSR was an unmitigated disaster for all 15 nations emerging from the desiccated carapace of the Soviet Union.

Now, like a plate of mercury smashed with a hammer, rivulets of the former USSR member state's energy assets two decades later are trickling back under the control and influence of Eurasia largest energy concern, Gazprom.

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Politics

Tuesday, July 19, 2011

Iran Opens Oil Bourse - Harbinger of Trouble for New York and London? / Politics / Crude Oil

By: OilPrice_Com

Best Financial Markets Analysis ArticleThe last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of "free markets." Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people's, and eventually, the government's money in the form of bailouts. As the Republicans in Congress, scenting victory in the 2012 presidential elections, hold a gun to the Obama administration's head and rating agencies consider downgrading U.S. government bonds in light of Washington's possible defaulting, many ideas around the world that previously seemed implausible because of the dominance of the U.S. economy are garnering renewed interest.

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Politics

Tuesday, July 19, 2011

U.S.-Saudi Dilemma: Iran's Reshaping of Persian Gulf Politics / Politics / Middle East

By: STRATFOR

Best Financial Markets Analysis ArticleReva Bhalla writes: Something extraordinary, albeit not unexpected, is happening in the Persian Gulf region. The United States, lacking a coherent strategy to deal with Iran and too distracted to develop one, is struggling to navigate Iraq’s fractious political landscape in search of a deal that would allow Washington to keep a meaningful military presence in the country beyond the end-of-2011 deadline stipulated by the current Status of Forces Agreement. At the same time, Saudi Arabia, dubious of U.S. capabilities and intentions toward Iran, appears to be inching reluctantly toward an accommodation with its Persian adversary.

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Politics

Tuesday, July 19, 2011

Economic Austerity, The right to know why and for whom / Politics / Economic Austerity

By: Michael_T_Bucci

I don't like an acquiescent democracy. And that is exactly what the American people have become: a people who stand in line, keep their mouths shut and do what they're told.

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Politics

Tuesday, July 19, 2011

More Trouble in Murdoch-world / Politics / Mainstream Media

By: Mike_Whitney

Best Financial Markets Analysis ArticleRupert Murdoch's troubles keep piling up.

On Friday, Labor leader Ed Miliband called for a break-up of the Murdoch empire saying, "I think he has too much power over British public life.....We’ve got to look at the situation whereby one person can own more than 20 percent of the newspaper market....I think it’s unhealthy.”

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Politics

Tuesday, July 19, 2011

10 Questions The MPs Will Not Ask Murdoch / Politics / Mainstream Media

By: Submissions

Best Financial Markets Analysis ArticleRobin Beste writes: What was it about the relationship with Murdoch that made Tony Blair feel it was appropriate to take a phone call from a newspaper proprietor just hours prior to the most momentous decision a prime minister can make: ordering the country's armed forces to war?

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Politics

Tuesday, July 19, 2011

Do We Have a Medicare Budgetary Problem or an Aging Population Problem? / Politics / Demographics

By: Paul_L_Kasriel

Best Financial Markets Analysis ArticleChart 1 shows what is driving the projections of federal spending (and, implicitly, the national debt) in the upcoming 11 fiscal years - mandatory federal outlays and interest on the debt. What is driving up mandatory outlays is spending on retirees - Medicare and Social Security.

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Politics

Monday, July 18, 2011

Unfair U.S. Tax Burden Falls Disproportionately on Individuals and Small Business / Politics / Taxes

By: Jesse

Best Financial Markets Analysis ArticleAlthough the nominal US corporate tax rate of 35% seems high, and especially so given all the corporate funded propaganda promoting more tax cuts and givebacks, in fact the realized corporate rates are relatively low both in terms of historical experience and other countries. This is because of the many loopholes, subsidies, and accounting gimmicks available to its more influential corporate citizens from the corporate friendly government.

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Politics

Monday, July 18, 2011

Global Economic Crisis: Finance Is the New Mode of Warfare / Politics / Credit Crisis 2011

By: Michael_Hudson

Best Financial Markets Analysis Article“When I was in Norway earlier this year, one of its politicians sat next to me at a dinner and said, “You know, there’s one good thing that President Obama has done that we never anticipated in Europe. He’s shown the Europeans that we can never depend on America again. No matter how good he sounds, no matter what he promises, we’re never again going to believe the patter talk of an American President. Mr. Obama has cured us. Our problem is what to do about the American people that don’t realize this nightmare that they’ve created, this smooth-talking American Tony Blair in the White House.”

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Politics

Monday, July 18, 2011

The Death of the Welfare States, We're All Greeks Now / Politics / Global Debt Crisis

By: LewRockwell

Best Financial Markets Analysis ArticlePatrick J. Buchanan writes: Departing for New Hampshire in November 2010, Sen. Judd Gregg, the fiscal conservative President Obama wanted in his Cabinet, blurted an inconvenient truth: "This nation is on a course where if we don't do something about it, get ... fiscal policy (under control), we're Greece."

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