Today's show dissects the Trump-Zelensky Minerals Deal finally signed, concluding it's not at all like Trump's first deal in March. No US repayment for past US aid in this one and a back door is opened in the deal for US giving Ukraine more weapons again. And why were 3 documents drafted but we only get to know of one?  Second half of show discusses the preliminary US GDP for1st three months of 2025 showing a contraction of the US economy by -0.3%--due mostly to US businesses importing extra goods from offshore as a buffer for potential US tariffs on the horizon + US government spending cuts. Business investment continues rising (mostly inventories), housing and manufacturing contracting, and consumer spending rising at a rate half that of 4th quarter 2024.

Much of today's show is dedicated to a detailed discussion of the various plans and proposals to start negotiations on ending the Ukraine war: Trump's revised 'Kellogg Plan', Europe's plan to continue the war, Ukraine and Zelensky's refusal to negotiate without Russia leaving all territory and capitulating, and Putin's June 14, 2024 proposals that haven't changed. To summarize: Ukraine, Europe & Trump want ceasefire first then negotiations; Russia wants negotiations to start during which ceasefire will be discussed. First phase of war negotiations now over; Trump's envoy Witkoff meeting with Putin again. Outcome begins start of next phase.  The show also reviews various forecasts whether the US and global economy are heading to recession: IMF, UN, Wall St. Journal, Atlanta Federal Reserve, etc. (For more detail on Ukraine negotiations check out my latest published article: 'Why Trump's Ukraine War 'Kellogg Plan' Collapsed' at http://jackrasmus.com)

Today's show discusses latest events in Trump tariff policies. Not about paying for tax cuts but part of restructuring US empire financing. Why did Trump retreat from pace of tariff implementation? Answer: intense opposition from US multinational corporations to slow down implementation + Japan dumping US Treasuries. Trump launches verbal warning to Powell and Fed to start lowering interest rates, in repeat of 2017 Trump v. Powell conflict (which Trump won). Also, update on Ukraine war negotiations and emerging new Russian offensives. Prediction: US will exit war and Europe assume control. Europe wants to occupy western Ukraine as part of eventual settlement coming this year

We will be talking about the likelihood of a Trump recession or not.

 Today’s show discusses some of Trump’s emerging domestic policies, with focus on what’s behind shutting down the Education Dept., Trump Tariffs, and the $4.5T tax cuts working its way through Congress. What’s the real impact of Tariffs on inflation and economic growth? What’s Trump’s 3 part tax strategy? Which presidents since 2001 are responsible for cutting US taxes by $17 trillion and how much did each contribute? Why Trump’s overall fiscal policies are classic Neoliberalism. The show also comments on US air attacks on Yemen and Trump-Putin’s phone calls and scenarios for future US-Russia-Ukraine negotiations.

After US & Russia met in Riyadh, US and Ukraine followed up to meet in Jeddah, Saudi Arabia this past week. Today’s show summarizes the positions and demands of the various parties in the 4-way negotiations that are the current discussions re. future peace in Ukraine: USA, Russia, Ukraine, and European Union NATO. What did the USA tell Ukraine in Jeddah? The context of negotiations as military conflict continues, and likely will escalate, in Ukraine. How Russia has cleared out Kursk. Next likely Russian fronts in Sumy and Zaporozhie in the south. Europeans declare $1T new spending on military industry and Germany’s Merz announces $540B more for ‘infrastructure’. Where will EU get the funding? Reports Trump & Putin to talk directly next week (again with no Ukraine or Europeans involved). Meanwhile, US escalates tariff war with Europe. (Next week show: Understanding Trump Tariff Strategy)

Today’s show analyzes two key events of the past week: an in-depth discussion of Trump’s speech to Congress: EOs, DOGE, Taxes, Tariffs, new defense spending in the pipelines, reaffirmation of Greenland and Panama Canal takeover and further shift in US support for Zelensky and Ukraine. Democrats’ Senator Slotkin weak response indicate Democrats still have no alternative program or strategy. Show then discusses Europe’s emergency conference in London to try to develop a response to US policy on Ukraine and likely withdrawal from Europe. European announcement of $1 trillion development of war/defense industry and continued support for Ukraine. Where will Europe get the money for both?

 What’s behind the Minerals deal with Ukraine? Why it’s mostly smoke & mirrors, not a contract or final deal. Why both parties compromised & left the deal vague. Who benefits from the deal? How it’s related to Europe’s $260B frozen Russian assets. Why it’s PR. Second part of show continues discussion of the intensifying contradictions behind continuing the US global empire. Why the empire as now structured is no longer affordable and US imperialists are intent on restructuring it (once again as in 1913-19, 1944-50 and 1979-86). US deficits & debt levels unsustainable and DOGE spending cuts for tax cuts as desperate effort to regrow faltering US economy and restore empire’s finances. Domestic US economic restructuring as next phase of Neoliberal policy or as beginning of the end of Neoliberal policies. (For further details on Trump-Zelensky minerals deal, check out my latest published article at http://jackrasmus.com or at LA Progressive, World Financial Review, Znet.)

 Today’s show first of two parts on how current events, geopolitical and US domestic, represent the start of a fundamental US restructuring of its global empire. US-Russia meeting in Riyadh Saudi Arabia marks the opening event. What happened in Riyadh? Zelensky reacts. European leaders in tizzy over being side-lined. Starmer (UK)-Macron (France) on coming Europe take over of the war as US bows out. Implications of US-EU feuding for future of NATO. US VP Vance’s speech in Munich. Current emerging restructuring of US empire in context of prior restructurings in 1913-1919, 1944-50, and 1979-85. Next week: How Trump domestic policy (economic & political) and DOGE $2T spending cuts reflects US imperial restructuring as well.

In the past week Trump issued four announcements that continue to portend a radical restructuring of the US imperial system. First: US proposes to ‘own’ GAZA, allowing Israel to focus on future expansion into Syria, west bank & Lebanon, and shift its policy from genocide to ethnic cleansing. The role of Trump son-in-law Kushner’s US-Israel real estate consortium behind the scenes. Second, Trump holds 90 min. talk with Putin, followed by 10 min. with Zelensky, while ignoring the Europeans who in response are now freaking out. Third, Trump announces escalation of US tariff weapon by introducing principle of ‘reciprocal’ tariffs with all US trading partners + offers rollback of US use of sanctions. Fourth, Trump offers Russia to rejoin US SWIFT international payments system, then threatens BRICS with 100% tariffs if they abandon the US $ in trade, declaring thereafter ‘the BRICS are dead!’. Show concludes what we are witnessing is the beginning of the restructuring of US imperial relations abroad, while simultaneously the Trump government takes on the US bureaucratic State apparatus bloated by empire to reduce its power and influence over the government.