https://alternativevisions.podbean.com/e/4-financial-bubbles-growing-gold-cryptos-us-stocks-ai/
Today’s Alternative Visions show addresses the four financial asset bubbles currently expanding simultaneously and what does it mean for financial instability or crashes on the horizon. The dimensions of each are described, as well as their potential interactions. The main determinants shared are US global sanctions (depressing demand for the US dollar and its depreciation already by 10% in 2025), global economy’s economic slowdown (and investors’ rush to safety in gold, cryptos, alternative currencies), and accelerated investment in tech especially AI. Delete AI investing (data centers, etc) and US real GDP in first half 2025 was only 0.1%. How AI comprises 80% of stock price appreciation in 2025. AI bubble is already 4X larger than mortgage bubble of 2003-07 and 17X dotcom bubble of 1997-2000. Some potential scenarios.
Dr. Jack Rasmus @drjackrasmus









A timely post that the speculative house of casino capitalism is set to go bust again. My question is why did Warren Buffet dump billions of dollars worth of Apple stock when he did? Was he reading stats similar to the ones cited by Rasmus—-17X as high as the Dot Com bubble when it burst and/or that AI would come up against a wall for medium and small businesses? I am also reminded of the epiphany that Joe Kennedy had when the shoe shine boy shining his shoes proudly announced that he was in the stock market. At that point Joe was shrewd enough to observe that if even a shoe shine boy was in the market, it was time to get out and he saved his fortune.
There is a metaphor that might better describe the current recession that the lower 90% are in: economic apartheid—– one economy that functions quite well for the upper 5% and another, separate and unequal for everyone else. Does it really matter to the lower 90% that AI business investment is keeping the economy afloat? After all, the lower 90% will be seriously harmed by major job losses if AI lives up to the Goldman Sach’s promises. In my view, the lower 90% have never recovered from the 2008-2009 collapse: the review of the systematic betrayal by Obama of almost all of his economic promises in The Scourge of Neoliberalism is appalling but also enlightening in that it makes sense that the 90% are slowly sinking into debt and poverty. Thanks Barrack. Thanks Joe. Thanks Bill.
Jack,
Your audio on the current podcast (Nov 21, 2025) is HORRIBLE. It’s as if you’re calling in to record the episode from a cell phone that doesn’t have reception. Please, for those like me who value your analysis, get a microphone and record from a quiet room or hire someone to sort out the audio problems. Thanks
Yes, I was traveling outside the country and had to use a cellphone. It was the only poor alternative available. Future shows will be as you suggest. Thanks for letting me know. Jack