PPJC's Free Monthly Forum & TV Program
Peninsula Peace and Justice Center's Award Winning Monthly TV Program / Community Forum
How's That Economic
Thing Working Out?
A conversation with
Jack Rasmus, Ph.D.
Poltical Economist / Writer for Z Magazine
Author of Epic Recession: Prelude to Global Depression
Jack Rasmus returns to Other Voices to discuss his just-published new book, Epic Recession: Prelude to Global Depression. The book reveals the deep origins of the current economic crisis, explains why current Obama policies have failed, and offers an alternative, comprehensive 28 point program for economic recovery.
Jack explains how the current crisis is similar to prior Epic Recessions in the U.S., in 1907-1914 and 1929-1931, and quite unlike 'normal' recessions since 1945. Jack describes how the current crisis is neither a full-blown depression nor a short-lived contraction followed by a swift return to growth, but a crisis followed by a period of extended stagnation that may yet slip into a classic depression.
Developing a new theory of its causes and evolution that departs from mainstream economic analysis, Jack argues that preventing a possible descent into depression will require a basic restructuring the U.S. economy through a massive job creation program, a nationalizing of residential housing and consumer credit markets, a fundamental restructuring of the tax system, a new type of Federal Reserve and banking structure, and measures that restore a long term redistribution of income.
Tuesday, May 4, 7:00 PM
Community Media Center
900 San Antonio Road, Palo Alto
Free and open to all. Wheelchair accessible.
Simultaneous live TV broadcast on cable channel 27, Mid-Peninsula area.
Simultaneous live Internet webcast at the Community Media Center's website (select channel 27)
I phone up and quoted"For thy merchants were the great men of the Earth, and by thy sorceries (the deceitfulness of riches and the witchcraft of wealth) were all nations deceived," says the Book of Revelation, 18,23b. American affluence is the dream of every country the world over, and her luxuries, sins and violence, from her music to her crimes, are imitated by nations around the world.
Ted Rudow III,MA