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Alternative Visions – Labor Fightback Network Cleveland Conference – 08.11.17

Host Jack Rasmus interviews guest members of the Labor Fightback Network and their recent conference held in Cleveland. The Network is an organization of local union activists, elected officers, and select union representatives attempting to return the US union movement to a tradition of independent political action, progressive economic demands like ‘Medicare for All/Single Payer’, and labor community alliances. Jack …

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Alternative Visions – Massive Corporate Tax Cuts Coming -Again – 08.04.17

Multi-trillion dollar corporate and investor tax cuts by December have moved to the top of the Republican Congress-Trump legislative agenda. Dr. Rasmus puts the proposals in historical context, describing the corporate-investor tax cuts from Reagan through Clinton and GW Bush to Obama and now Trump. From the $750 billion Reagan bill in 1981-82 to Bush’s $3.7 trillion to Bush-Obama $480 …

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Alternative Visions – Debunking the Hype of Rising Wages – 07.28.17

Dr. Rasmus initially comments on the continuing slowdown of prices and the Federal Reserve’s 9 year long phony targeting of 2% inflation.  Rasmus reviews his just published article in the European Financial Review, “The Limits of Central Banks’ Emerging Policy Shift” (available on his blog, jackrasmus.com) and what’s next after the Fed’s Jackson Hole gathering in late August. Next a comment …

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Alternative Visions – Has the Global Economy Crossed its Rubicon?

Dr. Rasmus explains how the global capitalist economy crossed a kind of economic rubicon with the 2008-09 global crash and has not been able to restore itself to pre-crisis trends.  With 2008, the growth in global trade as a percent of global GDP hit a wall, stagnated after, and is now declining as a percent of global GDP which itself …

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Alternative Visions – The Great Contradiction – 07.14.17

Dr. Rasmus explains how the advanced capitalist economies—US, UK, Europe, Japan—have made monetary policy and their central banks the ‘only game in town’ since 2008, and provided more than $20 trillion in virtually free money to their capitalist banking systems, in effect creating a permanent subsidization of the banks since 2008. Now the Fed and other central banks are attempting …

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Alternative Visions – The New Phase of Global Capitalism Post-2008 – 07.07.17

Dr. Rasmus explains how the global capitalist economy entered a new phase of evolution with the 2008-09 global financial crash and recession, and how central banks have become the primary economic policy institution for the advanced economies.  Central banks have been transformed since 2008 from institutions designed to bail out the private banks in periods of crises, into institutions that …

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Alternative Visions – Is A Global Bond Market Rout Brewing? – 06.30.17

Download this episode (right click and save) Dr. Rasmus reviews key decisions by central banks this past week that are making investors nervous about stock and bond market bubbles that have been created since 2008. Heads of central banks in Europe—the ECB and Bank of England—this week signaled they too may raise interest rates and sell off their QE balance …

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Alternative Visions – How Bankers Run the Fed and Donald ‘The Trumpet’ on Jobs – 06.23.17

Dr. Rasmus continues the review of the Federal Reserve Bank, showing how the private banks today control the Fed more than ever in recent decades. How the Fed’s structure permits private banking interests to dominate strategic decisions of the central bank, and how there control of the Fed is about to deepen further under Trump. Jack explains how the expansion …

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Alternative Visions – US Fed Raises Rates Again + Part 3: Central Bankers at the End of their Ropes – 06.16.17

Dr. Rasmus reviews the Federal Reserve’s interest rate hike decision this past week, showing how the Fed’s justifications for the rate hike based on ‘data’ are contradictory. How the data show no hike was justified. Rasmus explains how the Fed has been manipulating reporting the data on prices, unemployment and wages in order to justify 8 years of zero rate …

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Alternative Visions – Central Banks on the Ropes, Part 2: Origins & Toxic Legacies of the Federal Reserve – 06.09.17

In the first half of the show, Dr. Rasmus reviews key economic events of the past week, including the collapseof ‘Banco Popular’ bank in Europe and what it might mean in coming weeks to Europe’s fragile banking system, the emerging problems in Junk Bonds and the retail sector in the US, renewed falling oil prices, the US House passing the …