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Alternative Visions – Jobs Collapse & Underestimation by Government Statistics

Today’s show addresses and debunks the current jobs statistics just released today by the US Labor Dept. The official announced 14.7% unemployment rate and 23m jobs lost (20m in April) are dissected to reveal the true scope of those without work. Why the 14.7% only represents full time workers’ job loss and excludes millions more part time, temp, contract, gig …

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Alternative Visions – Sanders’ Movement: Where’s It Going?

Dr. Jack Rasmus interviews Paco Fabian, Campaigns and Communications Director for the ‘Our Revolution’ (OR) organization that has been central to mobilizing progressives and grass roots youth in the primaries for Bernie Sanders. Now that Sanders’ has dropped out of the race for the Democrat party nomination, what next for OR and the progressives movement?  Where do progressives who supported …

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Alternative Visions – Explaining the US Economic Bailout

 In today’s show Dr. Rasmus unravels and explains the array of bailout measures being passed by Congress (3 Acts + 1 in the works) and the Federal Reserve Bank’s multiple programs to inject trillions of dollars into financial markets and non-financial businesses alike. How are the two bailouts—Congress and the Fed’s—integrated? How much of the trillions of loans, grants, tax …

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Alternative Visions – Shape Recovery Will Not Happen

Dr. Rasmus explains why a V-shape recovery from the current crisis will not happen, despite all the marketing spin by Trump, politicians and myopic economists. The show today addresses first the employment numbers reported by the Labor Dept. Rasmus explains those numbers don’t include the last two weeks of March and the 10m workers filing for unemployment benefits. The official …

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Alternative Visions – The Great Recession of 2020 (or worse) Has Arrived!

Dr. Rasmus explains the dimensions and magnitude of the current contraction underway, including unemployment spiking at a faster and higher rate than in 2008 or 1929. GDP forecast contractions in 2Q20 will be more severe than the worse month in 1932. Rasmus proposes an ‘economic war mobilization’ that requires US government spending to rise from 21% of GDP today to …

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Alternative Visions – Global Stock Markets Crashing: What’s Next?

The big news of the past week is the collapse of global stock markets, now having fallen by nearly 15% and continuing. Dr. Rasmus explains why, and why such a fast rate of contraction—comparable to what happened in 2008-09. Also, an update on the various ‘channels’ by which the virus impacts stock and other financial markets, and in turn how …