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Alternative Visions – The $12 Trillion Crisis

As the main topic of the show, Dr. Rasmus discusses the letter to the US Treasury by the Treasury Bond Advisory Committee (TBAC) this past week, warning that $12 trillion more in US Treasury bond sales will be needed over the next decade in order to finance rising US government debt. The $12T more per the TBAC is about equal …

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Alternative Visions – Dollar Imperialism & Trump’s Proxy War on Venezuela

 Dr. Rasmus and guest, Alan Benjamin, discuss the latest efforts of Trump administration to engineer a regime change in Venezuela. Rasmus explains how the US employs financial imperialism to destabilize regimes, using the US dollar, sanctions, freezing of assets, cutting off access to trade and markets, denial of loans by US and world banks, and other measures as a prelude …

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Alternative Visions – Global Economy Fading, Davos Crowd Partying, Big Capitalists ‘Red Flag’ Warnings

As the Davos WEF gathering occurs this week, big capitalists (Ray Dalio, Tudor Jones, Seth Klarman), central bankers, IMF-World Bank, Bank research houses are increasing raising ‘red flags’ warning of the slowing global economy amidst growing financial market instabilities. Rasmus quotes some of their warnings. The show addresses as well what’s going on in Venezuela as the US raises its …

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Trump’s Deja Vu China Trade War-Part 1

Trump’s Deja Vu China Trade War-Part 1 By Jack Rasmus January 11, 2019 The past three days US and China negotiators have met in Beijing to try one last time before a true trade war erupts between them in March 2019. Higher level trade negotiators will follow up in Washington in coming weeks. What follows is the first of a …

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Alternative Visions – Key Global Economic Developments of the Past Week

Dr. Rasmus updates analysis of key economic developments of the past week: the latest events around the US-China trade negotiations and trade war, the estimated effects of the US government shutdown after four weeks with no end in sight, the questionable reliability of government wage statistics in Japan and the US; warnings rising about the stability of Europe banks and …

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Alternative Visions – The Debt-Deflation-Default Nexus

Dr. Rasmus continues discussion of last week’s topic of the causal relationships between debt and financial bubbles, financial asset crashes, and recessions. How defaults (i.e. failure to pay principal and interest on debt as prices and cash flow collapse) play an integrative role in the debt-deflation dynamic as well. Rasmus explains how, when financial markets start contracting, defaults begin to …

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Alternative Visions – Debt & Its Role in Recession

Dr. Rasmus explains the role of debt in generating financial asset price bubbles in 21st century capitalism, and globally since 2008-09 last crisis. How debt may play a positive role in generating real investment or how credit and debt may divert into financial asset markets instead, creating bubbles and eventual financial asset markets deflation. The latter has been increasingly the case …

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Alternative Visions – Review 2018 & Predictions 2019

Dr. Rasmus reviews the major economic developments of the past year, 2018, and offers his predictions for 2019. Major topics of 2018 review include: Trump tax cuts, Trump trade war, Fed rate hikes. Obamacare dismantling, US $trillion dollar annual deficits emerge, Emerging Market Economies’ currency crises and recessions, global oil price deflation, UK Brexit, European central bank and Bank of …

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Alternative Visions – Europe—‘Sick Man’ of Global Economy – 12.14.18

Europe’s economy is stagnating again. Dr. Rasmus reviews the 3 key elements of its growth strategy: (1) free money from its central bank, (2) internal devaluations (aka labor market ‘reforms’) to drive down wage costs to make EU exports more competitive, and (3) fiscal austerity. Rasmus explains how all three are now breaking down as Europe’s GDP recently stagnates at …