The most important focus of today’s March 29, 2024 Alternative Visions show is whether the US Treasuries market is growing unstable with $27T bonds, notes and T-bills issued by year end 2023? Janet Yellen is in China. What does that mean for the future of the US dollar? The show also considers the latest on evidence of Moscow’s Mall Terrorist attack, including the pros & cons of evidence to date whether Ukraine sources were involved. The key remark of the past week re. the war is Putin’s dire warning re. F-16s from NATO to be delivered to Ukraine. Russia says it will attack F-16s even if on NATO country airfields. The show next turns to matters in Europe per se: Is Macron’s threat last week for France to send troops now suspended? Will Europe re-arm and create its own defense industry if US under Trump pulls out? Why is the Euro economy stagnating vs. USA economy records modest growth; Why has USA GDP been so far positive in 2024? Are US recent Inflation statistics reliable?
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Years ago Rasmus established that one of the economic lynchpins of NeoLiberalism is the double deficit, where the US forced its trading partners to buy US treasuries in exchange for buying foreign products. That lynchpin is working itself loose as dollar domination declines. What next? More austerity for the lower 90%?