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Alternative Visions – The Trump Budget: Absurd Assumptions Run Rampant – 05.26.17

Dr. Rasmus examines the Trump budget released this past week, which is based on a crude restatement of Supply Side economics bullshit that has had no evidence in reality since it was first introduced under Reagan in 1981. Rasmus explains why the budget’s ridiculous assumption of 3-3.5% GDP for the next decade is nonsense. How the budget double counts tax …

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Alternative Visions -Potholes Emerging in the US Economy? -05.19.17

Last week the US stock market experienced a major hiccup as it now appears the US economy is softening in areas and the ‘Trump Trade’ may not materialize. Dr. Rasmus explores the soft spots in the US economy in US policy, business spending, household consumption, trade and government spending. Consumer and Corporate debt data released by the NY Federal Reserve …

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Trends This Week – Where do we go from here? – 05.17.17

The world has seen big changes in the last few months. New political parties have been elected across the world, the United States economy has reached new highs, and more civilians than “enemies” have died in an effort for “peace.” What’s coming next? Listen in as global forecaster Gerald Celente shares his predictions. Download this episode (right click and save)

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Alternative Visions – Background to Coming Trump-Republican Tax Cuts – 03.31.17

Big tax cuts for rich and corporations are the next big policy offensive around the corner. Jack provides an historical review of tax cuts for rich and corporations in the US over the past century. Major tax reform proposals are summarized since the passage of the corporate and personal income tax in 1913 through Nixon in 1971. Details of the …

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Alternative Visions – Will the ‘Trump Trade’ Fade? – 03.24.17

The US stock markets are recognized by a growing number of analysts as approaching, or already in, bubble territory. Yet stocks have ratcheted up another 15%-20% since Trump won the election. The run-up is sometimes called the ‘Trump Trade’. Investors have been ploughing in even more anticipating another stage of corporate profits subsidization by Trump and Republican fiscal policies—Trump proposed $6.2 trillion in tax cuts, deregulation (Obamacare, Dodd-Frank, EPA, Mergers & Acquisitions encouragement, etc.), shifting hundreds of billions $ from social programs to defense spending, and $1 trillion in Trump proposed infrastructure spending. Jack explains how expectations of the policy shift to fiscal from central bank, monetary policies from 2008-2016, is now the new strategy for subsidizing corporate profits and investor further wealth gains. Central bank monetary policy had run its course and began to develop contradictions. Fiscal policy—tax cuts, deregulation, infrastructure and defense spending—is the new strategy. US stocks surged in anticipation of the new profit opportunities. But signs Trump may not deliver have stopped investors in their tracks this past week. Failure to deliver policy may result in a major stock pullback in 2017. Jack cites various sources that the current stock market bubble has peaked.

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Alternative Visions – The Federal Reserve Hikes Interest Rates—What’s Behind the Decision – 03.17.17

The Fed raised interest rates again this past week. Jack explains it has little to do with it having reached its inflation or employment targets, but represents the major policy shift underway by US economic elites. From Fed low interest policy for eight years subsidizing stock, bond and financial assets—and thereby corporate and investor profits and incomes of the wealthiest 1%–the shift now underway is to subsidize profits and incomes of the 1% by cutting taxes, deregulation, and moderate infrastructure spending. Sustained low Fed rates were beginning to cause more instability in financial markets after 8 years. They played their part in boosting profits and incomes; now another policy ‘mix’ is emerging. Jack shows how Fed 2% inflation and job targets are phony justifications for Fed low rate policy continuation; how and why long term rates which the Fed doesn’t control will continue to rise, and what the global responses and effects in Europe, Japan and China will be to the new Fed direction. Will the Fed be used by the US economic elite to check Trump? Possibly.

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A Just Cause – Cruel & Unusual Sentencing Abuse in America’s Courts – 03.12.17

The host Cliff Stewart, Lisa Stewart and Lamont Banks speaks with Our Special Guests is Molly Gill, who is FAMM’s director of federal legislative affairs and Melissa Hamilton, who is a Visiting Criminal Law Scholar at the University of Houston Law Center.

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Guns and Chipotle: Millennials are the most employed generation in two occupational areas: food services and military.

Young Americans have many financial obstacles placed in their way.  Many older Americans like to chime in and blast younger Americans as being weak and complaining too much but the facts tell a different story.  Millennials do have it economically tougher.  Quality of life is up (for all) but the standard of living is getting harder to keep up with.  …

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JOHN WIGHT – Venezuela on the Brink

The crisis engulfing Venezuela appears to have reached the point of no return. Inflation is heading for 1000% while shortages of food and other essentials are now widespread. It has prompted many to speculate that it is just a matter of time before President Maduro is forced from office and Chavism is consigned to the dustbin of history. The legacy …