Dr. Rasmus addresses the big topic of the week: accelerating inflation now rising 6.2% according to the latest CPI report and fastest in 30 yrs. Rasmus explains why the 6.2% is actually a low estimate. The multiple causes driving it today are explained: global supply chains breakdown, US domestic supply problems, price gouging by US companies with excessive market power, consumer demand, and the role of global financial commodities speculators. Why the latter is driving global crude oil prices to 2008 levels once again and spilling over to US economy as major factor in US domestic inflation.  Rasmus explains why the mostly supply side and commodities speculator driven forces will continue for some time well into 2022. How inflation will slow the US economic recovery as it surges. And why a new causal element driving inflation is now appearing: inflationary expectations. Inflation + slowing economy + no government further stimulus = political wipe-out of Democrats in 2022 midterm elections.

Alternative Visions -  INFLATION—Causes & Future Prospects

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

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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- Shifting Strategies in the Ukraine War

How the US economy is different today from 1930s and becoming increasing so due to technological change, financialization, and other forces. Why 21st century US fiscal and monetary policies are increasingly inefficient, ineffective and exacerbating the deficits, US debt, and running up unsustainable interest payments on the debt. Income and Wealth inequality thresholds for the 1% in the US economy today. Challenges faced for the future hegemony of the US empire-not just China, not even BRICS, but entire global South. Role of US $ and other institutions. The new alternative global financial structure coming. Why the US/NATO are losing (have already lost) the Ukraine war. (Dr. Rasmus announces further discussion of these trends is available on his blog, jackrasmus.com, in the Youtube file of the 2 hr. interview he gave this week to the Freethinkers Forum).

Alternative Visions- Contradictions in US Economy, Policies, and Challenges to the US Global Empire

Latest on evidence of Moscow’s Mall Terrorist attack. Pros & Cons of evidence to date Ukraine sources’ involvement. Putin’s dire warning re. F-16s. Is Macron’s threat to send troops suspended? Will Europe re-arm and create its own defense industry? Euro economy stagnating vs. USA economy modest growth; Why is USA GDP positive in 2024? US recent Inflation statistics. Is the US Treasuries market growing unstable with $23T bonds issued in 2023? Janet Yellen in China and future of the US dollar.

Alternative Visions-  Russian Mall Attack, Europe’s Economy & US Treasury Market

Today’s show reviews 3 important speeches of the past week: by Putin, France’s president Macron, and US Senator, Chuck Shumer. Speeches related to the US 3 wars in progress: Ukraine, Israel-Gaza, and Yemen. The Macron speech, an interview, reflected his retreat from the threat to send French-NATO (along with Baltics & Czech) to Ukraine. Deeper, it reflects chaos within EU/NATO as what strategy to implement now that Russia is defeating Ukraine and Trump-US may leave Europe holding the Ukraine war bag. Putin’s reply to Macron was if he (Macron) says there’s no longer any ‘red lines’, then Russia has none as well, including use of nuclear arms if Russia’s existence is threatened. Putin repeated his oblique suggestion again that the ‘west’ may take western Ukraine, which never was part of the Slavic homeland. Third speech by Shumer ‘warned’ Netanyahu was ‘out of control’ and elections should take place in Israel, clearly a message from Biden. All 3 US wars (proxy or direct as in Yemen) all going poorly. Show concludes with another ‘3s’: 3 economic reports in the US (CPI, PPI, and Retail sales) all showing a chronic inflation and emerging real economy slowdown developing.

Alternative Visions - INFLATION—Causes & Future Prospects

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