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Don Quijones – The Big-Oil Bailouts Begin

Despite a bounce this week, low oil prices continue to sow fear, uncertainty, and mayhem across the emerging market complex. On Wednesday, it was leaked that the IMF and World Bank would dispatch a team to oil and gas-dependent Azerbaijan to negotiate a possible $4 billion emergency loan package in what threatens to become the first of a series of global bailouts …

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Alternative Visions – Growing ‘System Fragility’ in the Global Economy, Part 1: The Dead Cat Bounce Recover – 12.11.15

Jack takes a look at the key economic developments of the past week, and then provides the first of a several part analysis this month of the global economy explaining why it is becoming more unstable, both financially and economically—i.e. more ‘systemically fragile’. The analysis of the global economy is based on his just released new book, ‘Systemic Fragility in the Global Economy’ by Clarity Press. (see Jack’s blog, jackrasmus.com, where and how to order). Part 1 on today’s show identifies nine major anomalies that have appeared in the global economy today that mainstream economists can’t or don’t answer—which the new book attempts to explain. Jack reviews chapters 1 and 2, on the topic of the ‘dead cat bounce’ temporary recovery that began 2010-2013 in China and emerging market economies, which has been in decline once again since 2014. Stagnation in Europe and Japan, slow growth in the US, and ‘hard landings’ coming in China and emerging markets are now the prospect, after the ‘dead cat’ global economy has had its bounce. The ‘week in review’ commentary on the show addresses the renewed global oil price decline, junk bond fund defaults, China’s Yuan as global currency, Japan’s falsified GDP revisions, Yahoo’s effort to avoid paying $10 billion in US taxes, and the US Senate’s posturing about pharmaceutical drug company price rip-offs.

Listeners interested in enrolling in an online 8-week course starting in January on Jack’s new book, provided by the progressive-left ‘World Institute for Social Change’ (WISC) ‘Z School’, should check out the WISC website at:https://zcomm.org/zschool/moodle/ for more information. Free copies of the first two chapters of the book are available at the site.

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Expat Files – 12.06.15

-There are many thousands, of US government slugs posted in Latin America; contractors, embassy personal, military support, security people, clandestine operatives and more. Most of these govt drones seem to be clueless about the severe problems within the Big Brother police state they are part of. In fact , most are just putting in their time waiting it out for that fat pension (while they bury their classist snouts deep in the public trough). But what about those few enlightened govt. insiders living and working in Latin America who know the system can’t last and is about to implode? Today we have a story of one such guy…

-Vigilante groups: occasionally Latin citizens get so pissed off at their lazy ass cops, they the law into their own hands…

-We all know people stateside who live day to day on their credit cards and are absolutely terrible with money. Unfortunately, today Latin America today, credit card mania has arrived with a vengeance (within the middle classes and above) and now the whole individual and family society seems to be on the edge of insolvency.

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Expat Files – 12.04.15

– How to determine if gringos have invaded or permanently spoiled yours or some other expat’s Latin Paradise

-Bad first- world trends that are slowly forcing their way into Latin America

-When clueless gringos (joiners) find comfort in mush-brained, pin-headed organizations like Democrats or Republicans abroad, it’s time to pack your bags and find another more sane Latin Paradise. Why people like that listen to this show I’ll never know. I get emails form them so I know that some do!

-Guess what? Under-educated, brain-washed gringos on the tourist trail in Latin America(and their wired, AD kids) can now get their multiple flu vaccines and Ritalin down here too.

-Some tips and suggestions regarding medical tourism in Latin America

-New, fresh expats are known for gathering good info well before they come down, but some are stubborn and just don’t follow good advice. Often excessively frugal gringos (former backpackers and do-gooders?) come down and make really stupid, life-altering, mistakes. Today we have some stark examples…

-Latin Restaurants: the Good, the Bad, and the moderately Filthy

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Simon Kennedy – Wall Street Is Running the World’s Central Banks

Wall Street is again leading to the corridors of central banks. From Minneapolis to Paris, investors and financiers are increasingly being hired to help set monetary policy less than a decade since the banking crisis roiled the world economy and chilled their public-sector employment prospects. Academic studies of historical voting records at central banks suggest the new trend may mean …

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Expat Files – 11.06.15

-Today we have some eyewitness stories concerning thoroughly BAD gringos who’ve come down to Latin America to practice their perversions. Unfortunately, what makes Latin America good for us freedom lovers-those chaotic, weak, lazy, inefficient governments- also allows the few bad first-world apples that do make it down here to get away with murder.

-A discussion about gringos with good, solid US university degrees of value (no psychology, business, art or drama degrees, please) who hope to use those skills to get jobs in their particular career or field in Latin America. Once they come down, what are the job prospects?

-A few stories to illustrate other aspects of the “gringo advantage”. This time we have examples of how Latins constantly hit on Gringo for jobs. They assume we all must have thriving businesses and are hiring…

-Observing Latin holidays with strange customs like eating “Pan de Muerto” which literally translates to “bread for the dead”. Yes, Latins traditionally eat “dead bread” on Nov 1st and Nov 2nd. What’s that all about… is it safe?

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Alternative Visions – Europe Ups ‘Ante’ In Global ‘QE Currency Devaluation’ Game – 10.23.15

Jack reviews the most recent threat by Europe’s central bank to expand its ‘quantitative easing’ program in order to gain share of a slowing global trade pie. As the global economy slows and competition for exports intensifies from China to US to Japan to Europe, the European Central Bank announces plans to expand its $1.1 trillion free money program for bankers and investors. Jack explores the possible consequences of the likely decision: Japan will no doubt follow with further expansion of its own QE program to defend its share of global exports. The US federal reserve, its central bank, will be less likely to raise interest rates in turn—as US exports and manufacturing are already close to stagnating, and reducing US GDP. Simultaneously, China announces its sixth cut in interest rates. Major sectors of the global economy and intensifying competition over a shrinking global economy. Jack also updates recent Alternative Visions shows on the TPP, Big Pharmaceutical companies’ price gouging, and the Chrysler-Auto Workers recent negotiations. With TPP almost a done deal, now corporate America, Jack predicts, will focus on its second big objective: corporate tax cuts. How US multinational tech and pharma companies play the global tax avoidance game is explained.

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Weekly Commentary: New World Disorder

The Federal Reserve is flailing and global currency markets are in disarray. Notably, the Brazilian real dropped more than 10% in five sessions, before Thursday’s sharp recovery reversed much of the week’s loss. This week the Colombian peso dropped 3.0%, and the Chilean peso fell 3.1%. The Mexican peso dropped 1.9%. The Malaysian ringgit sank 4.5% for the week, with …