Listen to my Friday March 27, 2026 Alternative Visions radio show presentation on the current state of the US & Global economies and what happens when Trump launches his ground war attack on Iran.
Radio Show Announcement:
Today’s show reviews the condition of the US financial and real economies as Trump and Zionists prepare for a ground war in Iran. The fragility of the private credit sector in the US is reviewed, as contagion spreads from AI to software companies to their private credit lenders. How multiple forces are driving up inflation in the US economy now, not just from oil prices. The impact of the Fed not cutting and about to raise interest rates. Why US rates and monetary policy are negated by financialization and globalization. How a ground war may lead to a US dollar decline and its repercussions on US inflation and the US economy. Trump’s 15 point program to lure Iran into negotiations to buy time. Iran’s 5 pt reply. Show concludes with latest developments in Ukraine drone war.
Dr. Jack Rasmus @drjackrasmus









There is a quiet statement in the middle of The Scourge of Neoliberalism that speaks loudly today: the economic basis of all economies is energy, first from human power, then to animal power, then to water power, then to coal, then to oil and now [in my view] to wind and solar. So Trump and the other Israeli Firsters may accomplish something that even the original Covid outbreak could not : bring about a decline, not just a leveling off, but a decline in carbon dioxide omissions. The UK is an interesting case in point: the Prime Minister recently announced that the country has no alternative but a crash green energy program of wind power—-meanwhile a UK organizer, not a participant, in an Extinction Rebellion shut down of a highway is serving a five year prison sentence. The power of oil oligarches should never be underestimated and the suffering that this world wide oil crash will cause may be on a scale of Covid.
Next crash worse than COvid. The Banks were not in trouble in 2020 but the Fed gave them $4 trillion anyway, raising its balance sheet to $9 trillion. (The regional banks were in trouble in 2022-23 when the Fed tried to raise rates. That required a Fed bailout of them of another $1 trillion). The financial markets boomed through the Covid real economic contraction. The next time the financial markets will be part of the crash. The bubbles in Tech (AI) driving the S&P500 and Nasdaq, the crypto bust underway, the unsustainable bubbles in gold and silver, and now the ‘private credit’ markets (shadow banks) taking losses on the stock contractions in software and in the private credit funds that financed the excess tech speculative bubbles of recent years. Longer term, watch for the Big 7 tech corps build out of AI data centers which are financed on phony cross debt deals. Also longer run, the impact of the Iran war on dollar denominated oil trade and a crash in demand for the dollar eventually.