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Alternative Visions – Two Key Developments: Yellen Fed’s Announcement & Medicare for All Sanders’ Bill – 09.22.17

Dr. Rasmus analyzes and critiques US Federal Reserve chair, Janet Yellen, announcement the central bank will begin selling off its $4.5 trillion balance sheet of free money given to banks since the 2008 crash. Rasmus explains why the Fed can’t raise interest rates above 2% without precipitating another financial crash and a global currency crisis and provoke the next global recession. Rasmus also debunks the Fed’s explanation why it hasn’t achieved its 2% inflation goal but has to continue subsidizing private banks in the 21st century with ‘free money’. (see excerpts of Dr. Rasmus’s just published book, ‘Central Bankers at the End of Their Rope: Monetary Policy and the Coming Depression’, at his blog, jackrasmus.com, and on Amazon.com, for the analysis of the Yellen Fed to date).  The final two-thirds of the show is a discussion with Mark Dudzic, a coordinator for the Medicare for All movement now growing at local levels throughout the US. Mark and Jack discuss Republicans’ last ditch effort to repeal the ACA and the new Bernie Sanders’ legislation and its growing grass roots movements across the country for Medicare for All, and how Single Payer/Medicare could save $1.5 trillion in the US GDP, as well as business and households’ medical costs if it replaces private for profit health insurance.

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