Economic Red Flags Rising-audio
February 24, 2021 by jackrasmus
With all the hype emerging in mainstream media and among politicians about the US economy about to boom, Dr. Rasmus discusses a contrarian view based on the various warning signs in the US economy now emerging. Despite the official talk of GDP recovery underway this quarter there’s: the Fed’s warning this week of rising ‘insolvency risk’ and business bankruptcies coming; new claims for jobless benefits rising again and consistently more than 1 million/week since October; the recent retail sales bump as really a warning not good news; financial market bubbles churning as investors chase ever more risky yield in cryptocurrencies and worthless stocks; China’s introduction of its own digital currency; and growing indications of Biden’s ‘bipartisan back-tracking’.
https://alternativevisions.podbean.com/e/alternative-visions-economic-red-flags-rising/
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After listening to these posts for years, it is obvious that capital and carbon dioxide have many things in common: they are both powerful toxic products of human activity akin to plutonium which threaten the world with destruction unless tightly controlled and if they are not we will have an economic and/or environmental Chernobyl: years of “excess liquidity” is causing a meltdown of the global economy.