Alternative Visions – Predictions & Forecasts: US and Global Economies

Dr. Rasmus reviews his prior prediction that Trump will declare a ‘National Emergency’ to get funds to build his wall. What it means for the US Constitution and the continuing drift toward the decline of US democracy. (How the Dems were complicit for decades enabling the declaration and what they won’t now do). Rasmus applauds New Yorkers for driving out Amazon. What big tech has done to San Francisco and the bay area in California. The danger of ‘OpenAI’ (Elon Musk’s company) and its machine learning-deep learning ‘fake news’ creation potential. Rasmus addresses the US retail sales recent numbers, a fall of -1.2%, the biggest since 2009 and what it means for the US economy in 2019. Also, the Fed now clearly has ‘thrown in the towel’ (as have other central banks) leaving monetary policy dead in the water for the next recession. Krugman now agrees with Rasmus re. recession. As recession looms, US Treasury faced with an additional $12 trillion in bonds it must sell (as China, Russia and others reduce purchases and buy gold). Recession now imminent in Eurozone, Germany, Italy, UK, and Japan. The latest Brexit vote, China trade negotiations, and US strategy in Venezuela.