ALTERNATIVE VISIONS - FED RATE HIKE & CRISIS OF EMPIRE

Today's show discusses this week's Fed rate hike and why it won't have any effect on inflation. Why monetary policy no longer affects the economy—either inflation reduction or economic growth stimulation—due to long term financialization, globalization and now Trump policies as well. Why the US Treasury market is approaching crisis and needs higher interest rates by the Fed. Why sales of Treasuries to fund the US budget deficit may not occur. Result is deeper US economic crisis and inability to finance rising deficit spending. The show also explains how and why AI is out of control and can't be regulated. ...