Alternative Visions

Alternative Visions -Global Central Bankers Discuss Financial System Stability at Jackson Hole Meeting -08.25.17


Listen Later

The Fed and other central bank leaders gathering at Jackson Hole Wyoming today express concern for financial instability. Fed chair, Janet Yellen, warns of the Trump administration’s current fast tracking of financial deregulation, driven by the Goldman Sachs-driven US Treasury Secretary, Steve Mnuchin. Dr. Rasmus explains how shadow bankers, like Goldman Sachs, now have almost complete dominance over Trump economic policy, with former Goldman Sachers Mnuchin at the Treasury, Bill Dudley in charge of the NY Fed, and Gary Cohn aschair of Trump’s Economic Council (and soon to replace Janet Yellen next February as head of the Fed). Rasmus explains how the Fed and other major central banks have provided bankers and investors $25 trillion in free money since 2008, but have still not bailed out the banking system leaving a residue of financial problems.  More than $15 trillion in non-performing bank loans still exist, not counting trillions more added to corporate bond debt, 3 trillion more in US consumer loans, and $12 trillion more in US government debt just since 2008. Globally, the capitalist system has added more than $50 trillion in debt above its 2008 levels. Where did the $25 trillion go is explained. Why the Fed and other central banks can’t (and won’t) raise interest rates without precipitating another financial crisis. How a new global finance capital elite now control the central banks and economic policies of the governments of the advanced capitalist countries.
...more
View all episodesView all episodes
Download on the App Store

Alternative VisionsBy Progressive Radio Network

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

25 ratings


More shows like Alternative Visions

View all
Economic Update with Richard D. Wolff by Democracy at Work, Richard D. Wolff

Economic Update with Richard D. Wolff

1,979 Listeners

The Corbett Report Podcast by The Corbett Report

The Corbett Report Podcast

913 Listeners

Progressive Commentary Hour by Progressive Radio Network

Progressive Commentary Hour

117 Listeners

Ralph Nader Radio Hour by Ralph Nader

Ralph Nader Radio Hour

1,194 Listeners

The Katie Halper Show by Katie Halper

The Katie Halper Show

1,481 Listeners

The Duran Podcast by The Duran

The Duran Podcast

597 Listeners

Gerald Celente - Trends in the News by Gerald Celente

Gerald Celente - Trends in the News

251 Listeners

Bannon`s War Room by WarRoom.org

Bannon`s War Room

17,025 Listeners

Book Club with Jeffrey Sachs by Jeffrey Sachs

Book Club with Jeffrey Sachs

150 Listeners

Judging Freedom by Judge Napolitano

Judging Freedom

886 Listeners

System Update with Glenn Greenwald by Rumble

System Update with Glenn Greenwald

1,176 Listeners

Geopolitical Economy Report by Ben Norton

Geopolitical Economy Report

300 Listeners

Multipolarity by Multipolarity

Multipolarity

36 Listeners

The Chris Hedges Report by Chris Hedges

The Chris Hedges Report

332 Listeners

Daniel Davis Deep Dive by Daniel Davis

Daniel Davis Deep Dive

62 Listeners