Alternative Visions- Key Economic Developments Year End 2024
Today’s show discusses the key economic events of recent weeks and their relevance to economic policy in 2025. Why did the debt-ceiling deal collapse and then pass last week. What does it mean. Trump’s fiscal strategy taking shape: tariffs, tax cuts, and austerity social spending cuts coming. Musk-Swarmy’s DOGE. Why it won’t resolve the chronic $1 trillion plus annual budget deficits, rising national debt, and $ trillion annual payments to rich bondholders. Neoliberalism fiscal contradictions and crisis will continue. What’s Musk’s DOGE plans? Why the Fed cut interest rates but admitted inflation is rising into 2025. Why inflation will continue to rise. As rates rise will a rising dollar in turn precipitate a global currency war? (Next week show: review of key events of 2024 and my predictions for 2024 made December 2023 last year)
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54:49
Alternative Visions- The Empire Strikes Back
As follow up to last week’s show Ukraine war is center topic. But in past week pro-NATO forces opened up new ‘fronts’ well beyond the conflict. Not by accident rebel forces, coordinating with Turkish, Israeli and US forces accelerating an attack in Syria opening a new front Russia must commit forces to. Another front is Georgia as CIA-US NGO forces continue street demonstrations to try to overthrow that country’s elected government, in a ‘color revolution’ effort much like Ukraine 2014. Yet a third front is the events in So. Korea where the pro-US president attempted to declare martial law, reversed by the Parliament, but supported by the Korean and US occupation military. The show explains how all three events are best understood as events related to US empire counters to Russia-China. Trump’s latest tariff moves against China and BRICS also part of the counter strategy. Show concludes with analysis of Trump’s several anti-war initial nominees being rejected as US neocons & Biden admin. buy time to restore aid & weapons to Ukraine
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58:54
Alternative Visions- Ukraine War Sliding Toward NATO-Russia War?
Today’s show focuses on last two weeks’ events in Ukraine wear and the steady US/NATO escalation. Biden approves US long range missiles fired into Russia; US & France provide Storm Shadow long range missiles in turn; Macron reportedly (by Le Monde) again discussing sending French troops; NATO planning document reveals plan for Poland-Romania-UK-Germany to divide up Ukraine; US general Bauer, head of NATO military commission publicly calls for ‘pre-emptive’ strike on Russia; Biden gives Ukraine another $700m and calls for another $24B and tells Ukraine to lower its draft age to 18; Trump NSA pick Gorka calls Putin a thug and warns US under Trump will double its aide, Trump selects neocon friendly NSA advisers raising doubt about his campaign promises to end the Ukraine war. Meanwhile, Putin answers NATO/US escalation with new Oreshnik hypersonic missile with 36 warheads, lowers decision to use tactical nukes, threatens to hit any NATO base from which missiles are fired, signs mutual defense treaty with Iran, and gives warnings to west in speech in Kazakhstan.
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55:53
Alternative Visions- 14 Reasons Why Prices Are Higher Than the CPI Reports
A big debate in the mainstream media during the recent election was why do surveys show average American voters don’t believe the economy is doing as great as government data indicate? More specifically, why do they believe inflation is higher than reported by the Consumer Price Index? Today’s Alternative Visions show takes on that issue: why prices are higher than government price indexes report. Latest CPI report this past week said prices rose only 2.6% over the past year. (The companion government PCE report is even lower). What the media doesn’t report, however, is the various assumptions and questionable methodologies the government uses in estimating prices and inflation. Today’s show explains briefly 14 of them. Inflation is easily therefore not 2.6% but more than 4% in general. In some areas of the economy rose at double digit levels the past year. And since 2019 around 30-35%. The show concludes with evidence even prices per the government indexes are creeping back up. And several forces threaten in 2025 to escalate the rate of inflation as well (for gasoline, insurances, imports, child care and other services).
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56:52
Alternative Visions- Why Trump Won—And Some Consequences
Today’s show topic is an assessment of the November 6 election and why Trump won. What were some interesting facts about both the electoral college vote outcome and the national popular vote totals that the mainstream media is ignoring? What new strategies Trump introduced that may have made a difference vs. old strategies Harris carried out that no longer resonate with voters>? Is there a political party realignment that is now beginning? Is Identity politics now DOA? The show concludes with some early predictions what Trump will focus on first after January 20. Why Austerity big social program spending cuts are coming. How will Trump handle the rise of the BRICS? (For my latest written article on the same topics go to https://jackrasmus.com/2024/11/08/why-trump-won-and-some-consequences/ ) Or to the LA Progressive blog for November 8.