The show leads with a critique of Biden’s town hall meeting last night on CNN and concludes with a discussion of what’s happening in China with its property markets bubble and coming defaults. The Biden town hall reveals the failing strategy of the Biden administration with regard to passing much needed fiscal social programs, climate change investments, jobs, and now accelerating inflation. Biden reveals what’s really behind the negotiations with Manchin and Sinema. Dr. Rasmus next discusses the causes behind the current supply driven inflation and predicts prices will continue rising well into 2022. And the US economy will continue slowing in the closing months of 2021. Stagflation (both inflation and weak jobs recovery) is the condition of the moment. Dr. Rasmus warns events in China’s property markets, with defaults at Evergrande and other developers, now inevitable, bear close watch. Is what’s happening in China housing the beginning of the next ‘subprime mortgage’-like global financial crisis?

Alternative Visions - Biden’s Town Hall + China’s Property Bubble

Dr. Jack Rasmus will focus on today’s continuing crisis in the U.S. and global economies.

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Today’s show reviews major developments in various global economies: In USA, the Fed’s latest decision to keep interest rates at current levels + its decision to start buying back US Treasuries (QE by another name perhaps?). Why the liquidity injection? Answer: growing concerns about US banks in 2025? Next, is China growing again or not? The idiocy of US policy toward China as Blinken and Yellen attack it economically but request it intervene on behalf of US with Russia and Ukraine. What’s happening in Europe with France announcing it will send troops to Ukraine as EU (and UK) economy stagnates. ECB chair, La Garde, worries about seizing $260B Russian assets. How this may lead to de-dollarization and de-euroization. What’s happening in Argentina as its peso is devalued by 50%. A deeper look at Office Commercial Real Estate in the USA, US Govt Debt, and US Treasury’s record level of current bond buying.

Alternative Visions-  Review of Global Economy Events

The first pass for US GDP for 1st Quarter 2024 was released last week. Today’s show dissects the areas generating growth vs. those slowing US economy. Takeaways from the data are discussed: Contracting now are consumer spending on goods, business private inventories and a big contraction in net exports. Only consumer spending on services continue to drive GDP as government spending slows but remains positive. The show explains why the 1.6% GDP rise in Jan-March was actually lower, once the adjustment for prices is more accurately estimated. Why and how the US low-balls inflation and thereby boosts real GDP. Real growth in US economy was therefore flat. The show then discusses why mainstream economists consistently get their forecasts of the economy wrong—prices, jobs, and GDP—because their forecast models contain multiple assumptions that are simply incorrect.

Alternative Visions- US GDP 1st Quarter 2024 + Why Mainstream Economists’ Forecasts Consistently Fail

today’s show focuses on the theme of the impact of Russian sanctions since the start of the Ukraine war. How the sanctions have failed to impact Russia’s economy while simultaneously helping to wreck Europe’s, and especially the core German economy of the EU. A review of the relative economic data. Also discussed, are the pending US House vote tomorrow likely to pass another $100B in war aid to Ukraine, Israel, and Taiwan, which will include reportedly US approval to distribute the $300B in seized Russian assets ($240B in Europe banks). This is how the US plans to continue financial support for Ukraine war in 2025, after the $61B ‘bridge’ fund in the US House bill. The show also addresses how US economic policies (of which sanctions are just a part) have undermined Germany’s economy and are making Europe increasingly dependent on the US. Discussion of the latest developments in the Israel-Iran and Ukraine wars concludes the show.

Alternative Visions- USA’s Failing Russian Sanctions Regime: Russia vs. Germany

Today’s show covers the key events, economic & political, of the past week: US latest inflation numbers and trends, why Fed rate cuts are off the table, instability in regional banks and commercial real estate continue, Chase CEO Jamie Dimon’s remarks on rate hikes at 8% and ‘soft landing’ scenario, US Treasury Secretary Janet Yellen in China. In Politics, whether war between Israel-USA with Iran is imminent, latest developments on French & NATO troops in Ukraine, the coming Russian big offensive in Kharkov, Russia’s talk of ‘unconditional surrender’ and Ukraine’s desperate manpower shortage and its new draft law.

Alternative Visions- US Inflation, the Fed, and Ukraine-Israel Wars Update

2024 is junctural year in Ukraine war. All three parties’ strategies—US/NATO, Ukraine, Russia—are in flux and changing as fallout from Ukraine’s summer 2023 offensive defeat by Russia continues to reverberate in political terms and as Russia offensive in 2024 emerges. What were the parties respective strategies in 2022, how did they shift in 2023, and how are they about to change again in 2024 are discussed in today’s show. Some likely scenarios by year end 2024 and US elections in November. Has NATO already lost, as more analysts now saying? Will NATO intervene directly before it is? The intro to the show comments on the just released jobs report for March and what the numbers mean for rising US inflation since January, Fed interest rate policy, and the surging US interest on the US $34T debt.

Alternative Visions - Biden’s Town Hall + China’s Property Bubble

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