As in previous years, today’s Alternative Visions radio show, the last of 2022, presents a summary and analysis of the most important economic and political events of 2022–for both the USA and Global. 2022 has been a junctural year, with likely worse to come in 2023 in terms of economic slowdown as well as war and political instability.
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SHOW ANNOUNCEMENT
Today’s show provides a review of the main events and developments for the USA and global economies—as well a review of the major political events of the past year. Included are: US, Europe and other economies’ central bank (interest rate hike) policy shifts and their effects; the global currency crises unleashed; USA fiscal policy shift from Covid relief to subsidizing corporate investment Acts (Infrastructure, Chip & Inflation Reduction trio acts); sanctions on Russia & Ukraine; China Covid policy shift; escalating US-Europe-Japan war spending; and the continuing slide into recession in the US & G7 economies. Political analysis focuses on the developments in the Ukraine war; US midterm elections; US attempts to provoke China over Taiwan; and the US January 6 political theater and refusal by Biden administration to indict Trump. (Next week’s show will address Predictions for 2023: Economic and Political. So tune in)
Reblogged this on Calculus of Decay .
This post confirms what Dr. Rasmus said from the beginning of this horrible war in Ukraine: pushing war with Russia comes too soon after Covid. Yes there may be ten reasons for the US war machine to push Russia into war but there is one big reason not now: Covid. The war and the resulting sanctions have exacerbated the supply side inflationary push from Covid and along with price gouging by the Fortune 500 we now have intractable inflation. To add yet another layer of elite incompetency to this toxic mix, the Fed has decided to deal with supply side inflation by crashing what is left of the real economy in the US and the world.
[…] Originally posted on Jack Rasmus: As in previous years, today’s Alternative Visions radio show, the last of 2022, presents a summary and analysis of the most important economic and political events of 2022–for both the USA and Global. 2022 has been a junctural year, with likely worse to come in 2023 in terms of economic…View original post […]