Jack Rasmus
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Articles by Jack Rasmus
America’s Déjà vu 2026 Midterm Election
Photograph by Nathaniel St. Clair The French have a saying: “Plus ca change; rien ca change”. Translated it means ‘everything changes, nothing changes’; or, depending on your French, ‘everything changes but everything remains the same’. That likely describes the current midterm 2026 US elections. Whichever party takes the House or the Senate, the policies of recent years will not change much. US foreign policy under Trump’s last two years will remain on its current disaster trajectory.
Is The American Empire Going Broke? If So What Next?
Above photo: Lucas. There is increasing public discussion today, in the US and globally, about the trajectory of the American Empire.
Is the American Empire Going Broke, If So What Next?
There is increasing public discussion today, in the US and globally, about the trajectory of the American Empire.
Is the American Empire Going Broke—What Next?
By Dr. Jack Rasmus There is increasing public discussion today, in the US and globally, about the trajectory of the American Empire.
Is the American empire going broke—what next?
Is the American Empire Going Broke—What Next? By Dr. Jack Rasmus October 20, 2026 There is increasing public discussion today, in the US and globally, about the trajectory of the American Empire.
Fed Rate Hikes, US Treasury Market And Crisis Of Empire
Above photo: Jason Leung. This past week, the Federal Reserve raised its benchmark short term interest (Federal Funds) rate a minimal quarter point, .25, from 3.75% to 4.00%. Expectations are strong for yet another .25 hike before the end of 2026. Goods and services inflation in the US has recently begun to accelerate and the conventional wisdom in the mainstream media is that the Fed is raising rates in order to dampen inflation. But is that the case?
Fed Rate Hikes, US Treasury Market & Crisis of Empire
This past week, the Federal Reserve raised its benchmark short term interest (Federal Funds) rate a minimal quarter point, .25, from 3.75% to 4.00%. Expectations are strong for yet another .25 hike before the end of 2026. Goods and services inflation in the US has recently begun to accelerate and the conventional wisdom in the mainstream media is that the Fed is raising rates in order to dampen inflation. But is that the case? Or is there something else behind the rate hikes?
Fed rate hikes, US Treasury market & crisis of empire
This past week the Federal Reserve raised its benchmark short term interest (Federal Funds) rate a minimal quarter point, .25, from 3.75% to 4.00%. Expectations are strong for yet another .25 hike before the end of 2026. Goods and services inflation in the US has recently begun to accelerate and the conventional wisdom in the mainstream media is that the Fed is raising rates in order to dampen inflation. But is that the case? Or is there something else behind the rate hikes?
Fed rate hikes, US Treasury market & crisis of empire
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The Yen, US Treasury and the Financial Crisis of Empire
What do the collapse of the Japanese currency and carry trade—and the interventions by US Treasury Secretary Bessent in the currency and bond markets in recent weeks—have to do with the emerging financial crisis of the American Empire? In August, the US Treasury Bessent intervened in global currency markets to buy Yen to keep it from falling. Moreover it did so by buying Yen with Euros instead of US dollars.
The Yen, US Treasury and the Financial Crisis of Empire
What do the collapse of the Japanese currency and carry trade—and the interventions by US Treasury Secretary Bessent in the currency and bond markets in recent weeks—have to do with the emerging financial crisis of the American Empire? In August the US Treasury Bessent intervened in global currency markets to buy Yen to keep it from falling. Moreover it did so by buying Yen with Euros instead of US dollars.
Trump’s Iran War US Oil Shortage Deception
Photograph by Nathaniel St. Clair Last June 17, 2026 Trump announced the US and Iran had agreed to a Memorandum of Agreement (MOU) and a ceasefire in the war. The global price of crude oil fell almost immediately—from the $100 per barrel range at which it hovered throughout April and May to $67 for West Texas Crude (WTI) and $70 for Brent crude.
Trump's Iran war US oil shortage deception
Last June 17, 2026 Trump announced a Memorandum of Agreement (MOU) had been reached between the US and Iran and a ceasefire in the Iran war was achieved. The global price of crude oil almost immediately fell from the $100 per barrel range at which it hovered throughout April and May, to a low point of $67 for West Texas Crude (WTI) and $70 for Brent crude.
Trump Announces Iran Ceasefire — US Offramp or Just Another Deception? Original
After threatening to destroy Iran’s civilization ‘for now and ever’, Trump announced a tentative ceasefire with Iran and temporary ceasefire of mutual hostilities for another two weeks. In the interim the parties—US and Iran (Israel notably excluded)—will reportedly attempt to negotiate a permanent agreement in negotiations to be held in Islamabad, Pakistan. Trump and his supporters will no doubt declare the ceasefire represents a victory for the US.
Trump Announces Iran Ceasefire: US Offramp or Just Another Deception?
Bombed apartment building in Tehran. Photo: Avash. CC BY 4.0 After threatening to destroy Iran’s civilization ‘for now and ever’, Trump announced a tentative ceasefire with Iran and temporary ceasefire of mutual hostilities for another two weeks. In the interim the parties—US and Iran (Israel notably excluded)—will reportedly attempt to negotiate a permanent agreement in negotiations to be held in Islamabad, Pakistan.
How Will the US Military Invade Iran?
Sending 2000 Marines to seize territory around Hormuz or Kharg Island is militarily a stupendous strategic blunder in waiting should it be undertaken. This past weekend, Trump threatened to escalate the War with Iran by destroying that country’s energy infrastructure starting, as he said, “with the big one”. The ‘big one’ was no doubt a veiled reference to Iran’s civilian nuclear plants. Iran’s Natanz nuclear plant had been hit with a US missile a few days earlier as a warning.
How Will the US Military Invade Iran?
Photograph Source: U.S. Army 300MPAD by Staff Sgt. Christopher Osburn – Public Domain This past weekend, Trump threatened to escalate the War with Iran by destroying that country’s energy infrastructure starting, as he said, “with the big one”. The ‘big one’ was no doubt a veiled reference to Iran’s civilian nuclear plants. Iran’s Natanz nuclear plant had been hit with a US missile a few days earlier as a warning.
How the US might invade Iran
American fighter aircraft sit on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln in support of Operation Epic Fury. Photo courtesy United States Department of Defense/. This past weekend, Trump threatened to escalate the war with Iran by destroying the country’s energy infrastructure, starting, as he said, “with the big one.” The “big one” was almost certainly a veiled reference to Iran’s civilian nuclear plants.
How Will the US Military Invade Iran?
This past weekend, Trump threatened to escalate the War with Iran by destroying that country’s energy infrastructure starting, as he said, “with the big one”. The ‘big one’ was no doubt a veiled reference to Iran’s civilian nuclear plants. Iran’s Natanz nuclear plant had been hit with a US missile a few days earlier as a warning. As he announced his plan to destroy all of Iran’s civilian nuclear infrastructure, Trump further declared Iran had 48 hours to capitulate before the US attack.
Some Economic Consequences of the Iran War Original
As the US-Israel war on Iran enters its third week, the outlines of the economic consequences and fallout of the war have begun to emerge. As the war continues—and by most indicators it appears it will for months longer—the War’s negative impact on the US and world economies will deepen further. What are some of the economic dimensions for the War’s negative consequences? First and most obvious is the current oil price shock’s effect on inflation. Not for just US prices but other countries as well.
Regime Change in the Iran War, But Which One?
Photograph Source: Staff Sgt. Madelyn Keech – Public Domain Last June 2025 Trump bombed Iran. He said to eliminate Iran’s alleged nuclear weapons development. He then proclaimed he had achieved that goal. So what then is the War about now? What’s the US strategic objective? The endgame? In the midst of the recent Epstein scandal, Israel’s Netanyahu a week ago visited the White House again demanding the US once more attack Iran.
Trump’s 2026 SOTU Speech: Economic Obfuscation and Political Theater
Trump’s 2026 State of the Union speech was historic—but only in the sense of the longest ever at 1 hour and 47 minutes. Apart from that, the speech was one third misrepresentations about the state of the American economy followed by more than an hour of pure political theater which has come to increasingly presidential SOTU addresses in recent years.
How Close Is The Next Financial Crisis?
Above photo: Getty Images/iStockphoto. During the past fourteen months since Trump took office, financial asset market bubbles accelerated to record levels in 2025—i.e. S&P 500 and Nasdaq stock markets, bitcoin cryptocurrency market, and gold and silver markets. In early February 2026 these markets abruptly contracted, briefly recovered some, but then resumed decline once again.
How Close Is the Next Financial Crisis? Original
During the past fourteen months since Trump took office, financial asset market bubbles accelerated to record levels in 2025—i.e. S&P 500 and Nasdaq stock markets, bitcoin cryptocurrency market, and gold and silver markets. In early February 2026 these markets abruptly contracted, briefly recovered some, but then resumed decline once again.
Venezuela vs. the Empire
Photo by Nathaniel St. Clair The United States is descending into a state of general lawlessness, both at home and abroad. From deploying domestic paramilitary units like Immigration and Customs Enforcement (ICE) to snatch people off American streets and send them abroad, the government has now sent secret military special operations forces, including Delta Force, to abduct foreign heads of state from their homes and imprison them on US soil.
Venezuela Vs. the Empire Original
The USA is descending into a state of general lawlessness, at home and abroad. From using domestic special ops paramilitary units (ICE) to kidnap people off the streets of America and send them abroad, the US government is now deploying secret special ops military units (Delta Force) to snatch foreign heads of governments from their homes and sending them to jail in the US.
Trump’s 28 Pt. Ukraine War Plan
This past week President Trump proposed a 28 Pt. plan to Russia and Ukraine as a basis for negotiations to end the current Ukraine-Russia war, now approaching its fourth year. What’s behind the Trump proposal? Is it a further revelation of verbal understandings agreed to between Trump and Putin last August in Anchorage, Alaska? Or something more?
Putin-Trump Meeting: Endgame or PR Event?
Putin and Trump last week agreed to meet at a location in Alaska. Indications are the meeting will occur as soon as August 15, 2025 or soon after. In other words, in just days. Or perhaps a week or so at most. If we’re to believe the US media, the meeting is about Trump and Putin negotiating an end to the war in Ukraine. But does the meeting signify the start of serious negotiations and the beginning of the end of the war in Ukraine? Not necessarily.
The recession door opens
This past week was punctuated by a perfect storm of negative US economic reports and events. Together they mean the door to recession in the US has now opened – quite contrary to all of Trump’s hype that the US economy is doing great. The reports in question are the July jobs report last Friday and the advanced (preliminary) US GDP report for the 2nd quarter (April-June) released a few days before.
The Recession Door Opens
This past week was punctuated by a perfect storm of negative US economic reports and events. Together they mean the door to recession in the US has now opened—quite contrary to all of Trump’s hype that the US economy is doing great. The reports in question are the July jobs report lasts Friday and the advanced (preliminary) US GDP report for the 2nd quarter (April-June) released a few days before.
The Recession Door Opens Original
This past week was punctuated by a perfect storm of negative US economic reports and events. Together they mean the door to recession in the US has now opened—quite contrary to all of Trump’s hype that the US economy is doing great. The reports in question are the July jobs report lasts Friday and the advanced (preliminary) US GDP report for the 2nd quarter (April-June) released a few days before.
America’s 25-Year Tax Cutting And Fiscal Train Wreck
Above photo: US President Donald Trump signing the One Big Beautiful Bill Act into law on the White House South Lawn on July 4, 2025. White House / Flickr. From Bush to Biden to Trump, America’s ruling class has fuelled a fiscal crisis with endless tax cuts, wars, and giveaways. On July 4, the US Congress passed Donald Trump’s One Big Beautiful Bill Act—or BBB for short.
America’s 25-year tax cutting and fiscal train wreck
On July 4 the US Congress passed Donald Trump’s One Big Beautiful Bill Act—or BBB for short. The mainstream media and economists have mostly been reporting the details of the tax cuts contained in the bill—that is, which taxes got cut, how much accrued to businesses and the wealthy as opposed to the rest of us, what the impact is on GDP, and maybe even on government deficits and debt. All interesting facts. But not the most important.
America’s 25 Year Tax Cutting and Fiscal Train Wreck
Last week the US Congress passed the Trump Tax Cuts. The mainstream media and economists have been mostly reporting the details of the cuts—i.e. which taxes got cut in the 2025 Act, how much accrued to businesses and wealthy as opposed to the rest of us, what’s the impact on GDP and maybe even government deficits and debt. All interesting facts. But not the most important. They purposely ignore the cuts in historical perspective and the bigger picture they represent.
America’s 25 Year Tax Cutting & Fiscal Train Wreck
Last week the US Congress passed the Trump Tax Cuts. The mainstream media and economists have been mostly reporting the details of the cuts—i.e. which taxes got cut in the 2025 Act, how much accrued to businesses and wealthy as opposed to the rest of us, what’s the impact on GDP and maybe even government deficits and debt. All interesting facts. But not the most important. They purposely ignore the cuts in historical perspective and the bigger picture they represent.
America’s 25 Year Tax Cutting & Fiscal Train Wreck
Last week the US Congress passed the Trump Tax Cuts. The mainstream media and economists have been mostly reporting the details of the cuts—i.e. which taxes got cut in the 2025 Act, how much accrued to businesses and wealthy as opposed to the rest of us, what’s the impact on GDP and maybe even government deficits and debt. All interesting facts. But not the most important. They purposely ignore the cuts in historical perspective and the bigger picture they represent.
Trump’s ‘Forever War’: USA Attacks Iran
After promising during his 2024 election campaign to end the country’s quarter century of ‘forever wars’—on June 21, 2025 Trump started yet another ‘forever war’ by bombing Iran at multiple locations. He thus declared war today on Iran without a formal declaration, much like Japan did with the USA on December 7, 1941.
Trump’s ‘Forever War’: USA Attacks Iran Original
After promising during his 2024 election campaign to end the country’s quarter century of ‘forever wars’—on June 21, 2025 Trump started yet another ‘forever war’ by bombing Iran at multiple locations. He thus declared war today on Iran without a formal declaration, much like Japan did with the USA on December 7, 1941.
Iraq, Ukraine and Now Iran
The US further demanded Iran turn over its entire existing stock of fissionable uranium. Iran agreed to do so for all its excess material except for what was needed to run its civilian nuclear power plants. It offered to turn over all its excess stock of uranium to be managed by a third party, in this case Russia. The US responded Iran must turn over all its uranium stock, including that needed to run its civilian nuclear generating plants.
How America goes to war: Iraq, Ukraine and now Iran
After promising during the 2024 election to stop the USA’s ‘forever wars’ in the 21st century, in less than six months in office Donald Trump is about to start another ‘forever’ war with Iran. There’ll be no prior vote in Congress, as required by the US Constitution. No seeking support of the United Nations or forming a coalition with allies. Nor even a preparation of public opinion, apart from the Fox News network that appears completely on board.
How America Goes to War: Iraq, Ukraine and Now Iran
After promising during the 2024 election to stop the USA’s ‘forever wars’ in the 21st century, in less than six months in office Donald Trump is about to start another ‘forever’ war with Iran. There’ll be no prior vote in Congress, as required by the US Constitution. No seeking support of the United Nations or forming a coalition with allies. Nor even a preparation of public opinion, apart from the Fox News network that appears completely on board.
Selected Articles: How America Goes to War: Iraq, Ukraine and Now Iran - Global Research
How America Goes to War: Iraq, Ukraine and Now Iran After promising during the 2024 election to stop the USA’s ‘forever wars’ in the 21st century, in less than six months in office Donald Trump is about to start another ‘forever’ war with Iran. G7 Abandons Joint Statement on Ukraine Due to US Objections G7 countries meeting at a summit in Canada were forced to abandon a joint statement on the conflict in Ukraine due to resistance from the United States.
Selected Articles: Surprise, Surprise: Bibi Discovers “Secret Iranian Nuclear Weapons Facility” in Iran - Global Research
Surprise, Surprise: Bibi Discovers “Secret Iranian Nuclear Weapons Facility” in Iran Iran is using its influence over allies in the region to reduce the fighting (and open critical shipping lanes) hoping that it will improve the chances of a striking a deal with Trump on the nuclear issue. (Trump has said that if an agreement can’t be reached, then war will be the only option.) Confronting Neo-Colonialism in Burkina Faso: Who Is Captain Ibrahim Traoré?
Trump’s Ukraine Minerals Deal 2.0 Capitulation
Last week the Trump administration and Ukraine finally signed a deal on sharing Ukraine mineral rights. But a closer consideration of the published document shows this Mineral Deal 2.0 is fundamentally different from the 1.0 deal Trump proposed in February. One might more accurately call it a Trump capitulation. In March Trump’s initial 1.0 deal was supposed to be signed in the White House with Ukraine’s president Zelensky.
Trump’s Ukraine Minerals Deal 2.0 Capitulation
Last week the Trump administration and Ukraine finally signed a deal on sharing Ukraine mineral rights. But a closer consideration of the published document shows this Mineral Deal 2.0 is fundamentally different from the 1.0 deal Trump proposed in February. One might more accurately call it a Trump capitulation. In March Trump’s initial 1.0 deal was supposed to be signed in the White House with Ukraine’s president Zelensky.
Trump’s Ukraine Minerals Deal 2.0 Capitulation
Last week the Trump administration and Ukraine finally signed a deal on sharing Ukraine mineral rights. But a closer consideration of the published document shows this Mineral Deal 2.0 is fundamentally different from the 1.0 deal Trump proposed in February. One might more accurately call it a Trump capitulation. In March Trump’s initial 1.0 deal was supposed to be signed in the White House with Ukraine’s president Zelensky.
Why Trump’s Ukraine War ‘Kellogg Plan’ Collapsed
When President Trump ran for office in 2024 he promised to negotiate an end to the war in Ukraine within 100 days of taking office. The unofficial centerpiece of his plan was the proposals raised publicly by US General Kellogg earlier in 2024. While Trump in 2024 did not officially adopt the Kellogg proposals as his plan to end the war, it is clear in retrospect he unofficially embraced the Kellogg plan.
Why Trump’s Ukraine War ‘Kellogg Plan’ Collapsed
When President Trump ran for office in 2024 he promised to negotiate an end to the war in Ukraine within 100 days of taking office. The unofficial centerpiece of his plan was the proposals raised publicly by US General Kellogg earlier in 2024. While Trump in 2024 did not officially adopt the Kellogg proposals as his plan to end the war, it is clear in retrospect he unofficially embraced the Kellogg plan.
Why Trump’s Ukraine War ‘Kellogg Plan’ Collapsed
When President Trump ran for office in 2024 he promised to negotiate an end to the war in Ukraine within 100 days of taking office. The unofficial centerpiece of his plan was the proposals raised publicly by US General Kellogg earlier in 2024. While Trump in 2024 did not officially adopt the Kellogg proposals as his plan to end the war, it is clear in retrospect he unofficially embraced the Kellogg plan.
Why Trump’s Ukraine War ‘Kellogg Plan’ Collapsed
The Kellogg plan was never even discussed by the Europeans or the Ukrainian delegation sent to London. It was rejected and ‘killed off’ by a unified Europe & Ukraine opposition. When President Trump ran for office in 2024 he promised to negotiate an end to the war in Ukraine within 100 days of taking office. The unofficial centerpiece of his plan was the proposals raised publicly by US General Kellogg earlier in 2024.
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