Alternative Visions- Fed Rate Cut + Wars Update + EU’s ‘Plan B’
Alternative Visions - A podcast by Progressive Radio Network - Mondays
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Today’s show covers what’s behind Fed’s .50 pt rate cut? Powell says Fed because ‘economy is good’. More likely because US goods sector economy weak. Data shows US goods sector in recession. Fed GDP forecast for 3rd quarter 1.7%, closer to 1st quarter’s 1.4% not 2nd’s 2.8%. Why massive US deficits & debt will mean big austerity spending cuts in 2025 further deepening recession. Wars update: the Mossad ‘pager’ sabotage event and almost certain war against Hezbollah in north within weeks. Netanyahu’s strategy: get US in war with Iran. Zelensky’s pending ‘victory plan’ & political maneuvering behind allowing UK missiles to attack deep into Russia. Pentagon vs Neocons & why Biden delayed decision until 9-26. The EU’s desperate ‘plan B’ to fund Ukraine. Why it won’t work any more than ‘Plan A’.
