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Alternative Visions – Debunking 3rd Quarter US GDP + Trump’s Coup D-Etat Plan

Today’s show covers the two topics. In first half hour, yesterday’s US GDP preliminary numbers are debunked. Why the 3rd Qtr net growth is only 2% not 7.4% and why annualized numbers showing 33.1% should be totally disregarded as phony statistical exaggerations. What’s behind the 3rd quarter growth, industry by industry, why it reflects slowing momentum for the economy, not growth, and …

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Alternative Visions – Stimulus Negotiations Update + Nobel Prize for Economic Ideology

Dr. Rasmus provides an update on latest status of stimulus negotiations in Congress this past week: How Pelosi refused to fall for Trump-McConnell latest trick. What’s possible next week. Much of today’s show discusses the recent Nobel prize in economics given to two Standford University professors for their contribution to showing how (auction) markets are efficient. Rasmus explains how their …

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Alternative Visions – 1st Presidential Debate & Worse to Come

Dr. Rasmus dissects and analyzes the content (or lack thereof) in the 1st Presidential debate held this past week between Trump and Biden. While media heads focus on the ‘form’ of the debate and Trump’s attempt to brow-beat both his opponent and the moderator, more interesting was the ‘content’. What was missing about America’s worsening triple crisis: health care, economic, climate. …

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Alternative Visions – Trump’s ‘October Surprises(s)? + Economic Updates

It’s a certainty there will October Surprises by the Trump administration. Just what & how many is the question. And whether domestic and/or foreign. Today’s main topic is reasoned speculation on candidates for October Surprise(s). High on the list is a likely military provocation and proxy invasion of Venezuela, also likely tied to Iran shipping. Iran may also qualify as …

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Alternative Visions – Bankers Warn of Global ‘Age of Disorder’ Coming

Today’s show discusses the recent confidential report issued by Deutsche Bank to its shareholders that the current pandemic and global great recession underway is a reflection and cause of an ‘Age of Disorder’ and the end of Globalization as we know it. The show discusses the Deutsche Bank note which reflects a widespread view among finance capitalists of the state …

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Alternative Visions – Labor Day in the Era of Covid

Today’s show focuses on the condition of American Labor and Unions in the era of Covid. What’s the status of jobs, wages, benefits, union membership today, Labor Day 2020, after 6 months of Covid 19? The first part of the show dissects the August 2020 Employment Report just released this morning. What’s wrong with the statistics and paint a rosier …

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Alternative Visions – Independent Politics Momentum Grows: The Labor Slate in California

Dr. Rasmus comments briefly on the meaning of the just concluded RNC and DNC political conventions: both high on fear and short on specific proposals for ending America’s ‘Triple Crisis’ (Economy, Covid, Constitutional). The ‘Labor State’ of former and active local union leaders running for offices in local government in the San Francisco Bay Area are then welcomed and discuss …

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Alternative Visions – More Economists Predicting Great Depression

Dr. Rasmus reviews the growing number of mainstream economists now beginning to predict the current economic crisis, either is now or soon may become, another Great Depression. World Bank and Mellon Bank chief economists, Carmen and Vincent Reinhart’s forthcoming essay in the prestigious Foreign Affairs Journal is reviewed. Rasmus notes how their analysis is similar to points he’s been making …

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Alternative Visions – Trump’s Election Plan ‘B’?

As Congress goes home it now appears negotiations on a stimulus plan have collapsed, not just broken off. There may be no stimulus package before the November 3 elections. Severing negotiations means Trump’s plan not to negotiate with Democrats and Congress is no longer tactical but strategic. What’s the bigger strategy behind the growing triple crisis in America: Health, Economic …