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Chris Hedges – Why I Support Dr. Jill Stein for President

The political crisis in America is severe. The old ideas that buttressed the ruling class and promised democracy, growth and prosperity—neoliberalism, austerity, globalization, endless war, a dependence on fossil fuel and unregulated capitalism—have been exposed as fictions used by the corporate elite to impoverish and enslave the country and enrich and empower themselves. Sixty-two billionaires have as much wealth as …

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Alternative Visions – Central Banks, Negative Rates, and the Growing Fragile Global Economy – 02.12.16

Jack reviews US Federal Reserve Chair, Janet Yellen’s, testimony to Congress this past week. Her overestimation of the health of the US economy and underestimation of the crisis in the global economy are noted, and special attention given to her statement that ‘negative interest rates’ are being prepared for in the US. The logic behind the $6 trillion in negative rates to date in Europe and Japan is debunked. And the negative consequences for the global economy from negative rates are explained. Central banks have gone too far, too long and are now trapped by their own policies, making the global economy worse by the day. Jack reviews evidence of the banking system beginning to crack in Europe (key banks there in trouble) and provides a summary of the ‘global financial fault lines’ from chapter 11 of his recent book, ‘Systemic Fragility in the Global Economy’, and his take on the most vulnerable financial markets. Also addressed is why the US working class is orienting toward Trump (45-54 age group) and Sanders (18-34) with serious implications for the Democrat and Republican establishments.

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A Just Cause – Spotlight on Capitol Hill & Congressman John Conyers Jr – 01.31.16

The host Cliff Stewart, Lisa Stewart and Lamont Banks will be shining a Spotlight on Congressman John Conyers Jr., who in November 2014 was elected to his 26th consecutive term, making him the first African-American to hold the distinction as Dean (most senior member) of Congress.

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Trends This Week – The Economic Meltdown: It’s Global. Period. – 01.27.16

Want to know the truth behind those wild swings in global markets? Listen to this program with global master forecaster Gerald Celente. The facts prove it. With just three trading days left in January, in the history of the Dow Jones, there has never been a new year that has rung in on such a down note. And the wild market ride has spread far beyond Wall Street. Just one week ago, the global equity rout sent the MSCI All-Country World Index into bear territory. From China to Japan, from the UK to France, stocks were down more than 20 percent from 2015 highs. Among the higher-risk emerging markets, stocks dove to their lowest levels since May 2009. Overall, some $15 trillion in global equity values has been lost since the year began. Beyond diving equities, commodity prices are down to 1991 levels, according to the Bloomberg Commodity Index. Thus, among many resource-rich nations whose exports have sharply fallen along with the prices of the commodities they sell, their currencies’ value also has dramatically declined. There’s a rough ride ahead. Prepare. Prevail. Prosper.

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Mike Whitney – Could This be “The Big One”?

Everyone take a deep breath. This isn’t 2007 again.  The banks aren’t loaded with $10 trillion in “toxic” mortgage-backed securities, the housing market hasn’t fallen off a cliff wiping out $8 trillion in home equity, and the world is not on the brink of another excruciating financial meltdown.  The reason the markets have been gyrating so furiously for the last couple weeks is because stocks …

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Mike Whitney – The Fed’s Role in the Stock Market Slide

When the Dow Jones Industrial Average (DJIA) and S&P peaked in May 2015, investors were still confident that the Fed “had their back” and that any steep or prolonged downturn in stocks would be met with additional liquidity and a firm commitment to maintain zero rates as long as necessary.  But now that the Fed has started its long-awaited rate-hike …

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David Lindorff – What’s Behind the Fed’s Decision to Raise Interest Rates in a Struggling Economy?

Much has been written and broadcast over the past few weeks in the financial media and the business pages of general-interest newspapers debating the wisdom of the decision in December by Fed Chair Janet Yellen and the Federal Reserve Board to raise interest rates for the first time in almost a decade. On one side of this debate are people …

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The Gary Null Show – 01.13.16

Dr. Jack Rasmus is a professor of political economics at St. Mary’s College and Santa Clara University in California. Prior to teaching, he was an economic analyst for several global corporations and an organizer, negotiator and business representative for several labor unions. At one time he was elected at the National First Vice President of the National Writers Union. In addition to his economic profession, Dr. Rasmus is a playwright and author of fictional works dealing with social struggles, and the owner of Kyklos Productions. He is the author of several books, most recent being “Systemic Fragility in the Global Economy” which explores why mainstream economic analysis repeatedly fails and why we have been incapable of producing a sustainable recovery and economy. Jack also hosts a radio program “Alternative Visions” on the Progressive Radio Network every Friday at 3 pm Eastern time. His website is JackRasmus.com

BOOK: “Systemic Fragility in the Global Economy”

RADIO PROGRAM: “Alternative Visions” on the Progressive Radio Network every Friday at 3 pm Eastern time.

WEBSITE: JackRasmus.com

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Quentin Fottrell – Most Americans have less than $1,000 in savings

Americans are living right on the edge — at least when it comes to financial planning. Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey forpersonal finance website GOBankingRates.com. “It’s worrisome that …

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“Future Economic Historians” Will Probably Call the Period That Began In 2007 “the LONGEST DEPRESSION”

Sure, last year was the first pre-election year stock market loss since the Great Depression.  And admittedly, this week was the worst opening week of any year … EVER. But that’s not the big news. The big news is that a prominent economist – University of California economics prof Brad DeLong – wrote today: Economist Joe Stiglitz warned back in …