Alternative Visions- Most Dangerous Time in Decades

The title for today’s show is a direct quote this past week from Chase Bank CEO, Jamie Dimon. It reflects the growing concern being expressed widely about the global and US economy and geopolitical conditions. In another quote the giant shadow bank, Blackrock, told its customers “get into cash”. After a brief update on the UAW strike, today’s show reviews the University of Michigan’s consumer survey, showing household sentiment in the USA is plummeting, perhaps signaling the consumer’s propping up of the US economy is about to end as inflation starts rising again—as the latest CPI and PPI price reports showed last week. The show then focuses on the growing contradictions in US (Fed) monetary policy, now converging with similar crisis and contradictions in US fiscal policy-especially deficits and debt management. Today’s show then concludes with an analysis of the Ukraine War and the shifting US & Ukraine strategies as the latter’s offensive collapsed. The conclusion is the ‘war is over’ and the US/Biden administration seeks a way to freeze it in a 2024 US election cycle.