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Watch my recent brief interviews with RT TV on Trump strategy re. Venezuela post the Maduro kidnapping and what the US plan is going forward.

What are the common denominators behind Trump’s regime change operation in Venezuela? Plans to grab Greenland? Threats against Canada, Mexico, Colombia and Cuba? Driving China out of investments in Panama, Ecuador and Peru? Propping up regimes in Argentina and aiding right wing government shifts in Chile and Bolivia? Why is the US empire refocusing on the western hemisphere now (and western Pacific military preparation), and trying to reduce exposure to Europe and Ukraine?

Watch my January 7, 2026 interview and discussion with Garland Nixon:

Tyranny in America

Trump today, January 12, 2026, publicly declared all decisions on US war and policy will be made by him personally, based on his own sense of ‘morality’ and his own ‘mind’. In other words, the limits imposed by the US Constitution, domestic laws, and International Law and treaties are no longer of consideration. Acting above the law, by an individual or group, arbitrarily and disregarding of individual rights, is the classic definition of ‘Tyranny’. Not only has the USA now moved beyond a Constitutional Republic, but it has entered a period of Tyranny conduction by Trump and his regime of sycophants in Congress and the Deep State federal bureaucracy. Listen to my January 10, 2026 Alternative Visions radio show where I describe how the USA has become a republic of Tyranny at home and abroad, which Trump himself has just publicly confirmed three days later declaring the USA will henceforth be governed by his personal views of what’s right (morality) and his own mind (twisted though it may be).

To Listen GO to:

Watch my January 4, 2026 video interview presentation on the US and global economies, and extensive Q&A following, with the ICSS Marxist Library in Oakland, Calif. Both US real economy (GDP, jobs, inflation, dollar devaluation, etc. and financial asset bubbles (AI, gold, silver, cryptos), are discussed. Trends in the global economy (sanctions effects, tariffs, BRICS challenge, and events in Venezuela and US vs. China are addressed. The 45 minute presentation is followed by an hour of Q&A from the audience.

My analysis of latest events in light of the reaction of US neocons and political elite to the declining US Empire:

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.

Political human trafficking has become the rule of law in America under the current Trump administration!

Before 2025, the two political parties engaged in a crescendo of lawfare actions against each other, employing the FBI, the courts and even the CIA behind the scene to destroy each other. Both parties engaged in abuse of the rule of law, pardoning family, rich friends, and business partners to protect themselves and their personal relations, rendering a travesty of the fiction that in America no one is above the law. Senior politicians of both enriched themselves, becoming multi-millionaires after leaving office after arranging special deals while in.

The recent US invasion of Venezuela a gross violation of international law. A hypocritical disrespect for sovereign boundaries that US neocon ideologues and their echo chamber captured US media have leveled at Russia in Ukraine the past four years.

Trump himself has publicly admitted the invasion of Venezuela was intended to secure US economic control of Venezuela’s natural resources, especially its oil reserves. In other words, good old fashion naked US imperialism, intended to grab another country’s natural resources.

The excuse was the nonsense charges of narco drug trafficking—i.e. the US neocons’ substitute excuse for WMD’s, weapons of mass destruction, used before in Iraq, Syria, Libya to justify US military intervention.

WMDs couldn’t be levied at Venezuela. Wouldn’t work. Nor would past excuses for US imperial intervention like ‘Remember the Maine’. ‘Tonkin Gulf’. Or ‘Killing Incubator Babies’. The neocons needed a new fake excuse for US imperial military intervention in Venezuela. So they looked into their magic bag of false flags, fake excuses, and CIA lies and pulled out  ‘Narco drug trafficking’. That works better for Latin America imperial interventions—as former president of Panama, Noriega, found out in 1989.   

Watch out Colombia president Gustavo Petro who defended Venezuela sovereignty and criticized Trump’s Venezuela action. And heed the warning Mexico president, Sheinbaum! You’re the next Trump targets. Ditto Cuba.

Does Greenland have a president Trump can threaten? Wonder what that excuse will be. Maybe the US must invade because ‘Chinese ships are melting the ice cap’.

And make no mistake. Trump’s not only engaged in naked military imperialism in Venezuela to enact regime change. His big mouth ‘spilled the beans’ that the US plans to install a new colonialism as well. Within 24 hrs. he declared publicly the US intends to ‘rule’ Venezuela directly until such time as a proper puppet regime can be put in place. Direct rule constitutes a colonial form of imperialism.

As the saying goes, the truth is often spoken from the mouth of a drunkard. And Trump is a big mouth bragger, drunk with power. And he’s saying directly what the US neocon imperialist elite behind him (Rubio, Walz, Graham, CIA spooks, etc.) are really thinking and planning.

In an attempt to cover up Trump’s careless blurting out the blunt truth, Trump neocon cronies like Rubio quickly rushed to the US media echo chamber to try to put lipstick on the ‘US will rule’ pig, saying the US has no such plans.

Another Trump neocon, Walz, former NSA to Trump and now ambassador to the UN, in his emergency speech to the UN argued the kidnapping of Venezuela president, Maduro, was not about creating colonial rule; it wasn’t even a military operation—according to Walz. It was just a police operation. Some police operation, accompanied by a fleet of 17 US warships, aircraft carriers, submarines, and 10,000 marines stationed in nearby Trinidad island!  

Rubio added the US only wants to bring Maduro to New York to stand trial, as he conveniently avoided any mention that the US navy is continuing to blockade all shipping from Venezuela. The US has no further military plans! Really? Anyone wanna buy a bridge from the man?

This is crass, US gunboat imperialism reminiscent of the early 20th century when the US invaded Latin American countries by the dozens. It is also a harbinger of US plans to impose some new form of colonialism on Venezuela, and who knows what other Latin American countries who dare to try to walk an independent path from the US Empire.

Trump and his crony neocons will try to cover up their plans for some new kind of colonialism if they can with CIA managed new elections this spring, the outcome of which is already pre-determined. The US designated next president, Machado, is already packing her bags and on her way to Caracas, no doubt with an escort of US agents of course who’ll accompany her throughout the forthcoming phony election campaign.

US imperialism has never given up on regime change in Venezuela for the past quarter century. Just like it has never with Iran for nearly half a century. Nor Cuba for the past 65 years.

The Bush administration in 2002 thought it had achieved regime change deposing then Venezuelan president, former General Chavez. He nationalized US oil interests in the country. The most unholy of capitalist sins! But the deposing of Chavaz was short lived as he was rescued and re-installed as president by the people and Armed forces of Venezuela quickly.

Under Obama the CIA continued deep financial and other aid to opposition movements to overturn Venezuelan elections, to little avail. Venezuelan public support was too great despite the US launching a classic economic war on Venezuela, wrecking its currency, stoking inflation, preventing its sale of oil exports and receipt of necessary medical and food imports. Their candidates kept losing national elections nonetheless.

Under Trump in 2018-19 the CIA efforts intensified, seizing Venezuelan gold in western banks and Venezuela’s CITGO oil distribution company in the US and giving the money from its sale to Venezuelan opposition movements. Still no success in regime change via electoral intervention.

US CIA and regime change ops were temporarily put on hold with the arrival of the Covid recession in the US in 2020, followed by US chaotic exit from Afghanistan in 2021, and implementation in 2022 of bigger US plans to engineer a proxy war in Ukraine against Russia.

Once Trump returned to office in January 2025, however, Venezuelan regime change was placed on the US foreign policy front burner once again. This time the Empire planned to do it right—which meant not relying solely on CIA electoral interference in Venezuela, as in the past, but taking the gloves off and doing regime change by means of US special ops intervention and direct US military action!

The Emperor removed his clothes and waded in waist deep. Perhaps over his head, as time will only tell!

One should not lose sight of the bigger picture behind the Venezuelan invasion.

It is not a standalone, one off operation. I’m sure the governments of Colombia, Mexico and Cuba will agree. The Venezuela operation is part of US neocon forces and imperialists refocusing on the Empire’s western hemisphere base that it had partly neglected while preoccupied in the middle east and eastern Europe (Ukraine and Caucasus). The Empire had let the western hemisphere go unattended. In the interim, when it was preoccupied on the other side of the world, and while planning long term to engage China in Taiwan, other challengers to Empire intervened quietly in Latin America. China in particular.

In the past decade, China invested heavily as part of its global ‘Belt and Road’ infrastructure building program in Latin America. It bought up ports in Panama and started other projects there. It struck deals in Mexico to build the largest EV auto plant in north America that might then export under free trade to the US auto market. It started building ports in Ecuador and Peru. It had plans to build a railroad link from that latter country through the Amazon to Brazil. And it loaned Venezuela more than $100 billion for infrastructure projects and oil infrastructure modernization. Most important, it also started buying large quantities of Venezuela oil.

The US imperialists want that oil. The US pumps 13m barrels a day, the most in the world, and is sucking its own fracking wells dry in the next decade. Moreover, it needs more oil to sell to its European allies since the US chased the Russians out of Europe. Where to get it? Next door Venezuela of course.

The Trump administration, and US neocon imperialists’, have turned back to the western hemisphere to try to restore US economic hegemony over the region. That meant driving China and its investments out of Latin America, and especially Venezuela to secure its future oil supplies.

In the first year of Trump’s term in office, the US threatened Mexico with US drones and special ops; in response Mexico canceled its EV deal with China.

It threatened Panama with a repeat of the US 1989 invasion; Panama canceled its projects with China and US private equity took over its ports.

It threatened Ecuador and Peru. Propped up its client in Argentina with a new $40 billion loan, supported recent right wing government shifts in Chile and Boliva, threatened Brazil if it prosecuted Trump’s buddy, Bolsonaro for his attempting a coup, and threatened Venezuela continually, amassing military forces offshore, blowing up more than 80 fishing boats in the region, and sending in more CIA forces on the ground into that country. The US delta force special ops snatching of Maduro and his wife is just the latest tactic. Stand by. There’s more to come!

Lawless operations by Trump in the hemisphere are only beginning. I predict he will ‘seize’ Greenland one way or another, and soon. The objective there is the same as throughout Latin America. In the case of Greenland it’s about preventing China (and Russia) arctic shipping access down Greenland’s western coast on the way to the Atlantic ports and trade. Panama was quickly cut off for the Chinese. Now the Arctic passage will be as well.

All the Trump intimidation and insulting of Canada is also about the US shoring up its Arctic strategy which has lagged badly in competition with Russia. The latter’s arctic strategy development and implementation is well ahead of the US’s. Russia has a fleet of more than 40 advanced icebreakers. The US has two. Trump’s ridiculing of Canada has been about forcing that country to develop an arctic military presence and strategy—along with the US in Greenland and Alaska. Trump wants Canada to pay part of the US cost. Canada’s new prime minister, in his first visit to the White House earlier in 2025, pledged to do so. The Trump ridicule and intimidation immediately stopped.

Trump’s and the US empire’s plans to refocus more to the western Hemisphere is not this writer’s conjecture. It’s been obvious as Trump’s 2024 election campaign. The strategic shift was recently spelled out clearly in the Trump administration’s recently publication, ‘National Security Strategy of the United States of America, November 2025. It’s on the White House website. Read it. Especially discussion about the western hemisphere.

Trump says it’s all about Making America Great Again. What he really means it’s about Making American the Great Bully Again. That other American imperialist president, Teddy Roosevelt, bragged about ‘speak softly and carry a big stick’? Trump is a perverted facsimile of Roosevelt. His motto is ‘brag boldly and carry a stick’ so long as it’s against someone smaller than you.

The US Empire is restructuring and refocusing its resources—immediately on the western hemisphere and longer term on the western Pacific where it’s now rearming and shoring up its allies to contain and confront China. That’s a longer term objective. Western hemisphere comes first.

Japan has been encouraged and has begun to remilitarize. The US is pumping military arms at an accelerating rate into the key countries—Taiwan, Philippines, Australia, New Zealand, and South Korea. Four years ago, these countries purchased less than $1 billion a year each in US military equipment. In 2024, all were buying more than $4 billion a year, and in 2025 no doubt the data will show that’s accelerated further, especially for Taiwan. US imperial plans are longer term in that region. The western Hemisphere is shorter term.

Why the Trump administration wants to reduce its presence in Europe and NATO and extricate from its former commitment in Ukraine should be viewed in the context of this more fundamental shift to the hemisphere and the western Pacific. That’s also spelled out in the ‘National Security Strategy’ document.

So what’s the deeper reason for the Empire’s strategic shift now accelerating under Trump?

The answer to that most fundamental question is to be found in the accelerating costs of maintaining the US global empire as previously structured. It can no longer afford it, simply put.

According to its own budget data, the US now spends more than $1 trillion a year on the Pentagon alone. But that’s not all its ‘defense’ spending. At least as much ‘defense’ spending is squirreled away in other parts of the budget. When adding other defense cost like Veterans affairs, Homeland Security, nuclear weapons development, CIA and intelligence ops, foreign military aid, foreign military base expenses, rising pay for its1.4m military forces and top heavy, bloated senior officer corps, plus the defense share of interest payments on the US national debt, the total actual US defense spending in 2025 was more than $2.1 trillion! 

With US annual budget deficits of $1.5 trillion a year, a national debt of $38 trillion, and interest payments on the latter already $1.1 trillion a year and rising—the US empire can no longer continue its costs as previously structured.

So it’s consolidating—back to the western Hemisphere and the Pacific basin.

That’s the bigger picture and context for the current events in Venezuela and what’s yet to come there—and throughout the western hemisphere—as the US resorts to direct military action to re-establish direct control and unchallenged hegemony in its back yard once again.

Dr. Jack Rasmus

January 6, 2026

Listen to my last two Alternative Visions shows of December 19, 2025 (Year End Review of the US Economy 2025) and January 2, 2026 (Predictions for US Economy 2026) on the condition of the US economy during the first year of the Trump regime–and my predictions where it’s headed in 2026 and beyond.

REVIEW OF THE US ECONOMY 2025

Today’s show reviews the performance of the US economy the past year. Topics covered include actual inflation, jobs and likely GDP numbers. Special focus on Trump’s 2 main economic initiatives: the $5 trillion tax cut package and Trump tariffs offensive. What have been the actual impact of both thus far? Likely impact in 2026 and beyond? Trump monetary policy browbeating the Federal Reserve to lower interest rates. Why neither corporate cost reduction via tax cuts and interest rate cuts will have much effect on the real economy. Contradictions in 21st century US capitalism that negate stimulative effects of fiscal and monetary policies. Trump record on war spending and social program spending. US Deficits, National Debt, and interest payments 2025. State of AI investing and financial bubbles (tech stocks, gold-silver, cryptos). What’s the Trump record on the trade deficit, FDI financial flows, and US dollar.

https://alternativevisions.podbean.com/e/alternative-visions-2025-us-economy-review/

PREDICTIONS FOR THE US ECONOMY 2026

As a follow up to last show’s ‘Review of US Economy 2025’, this week the show makes predictions where it’s headed in 2026. Topics include US GDP for next year, jobs & unemployment, Inflation (CPI & PCE), Fed interest rates (short & long term), continued devaluation of the US dollar and its consequences, direction of financial asset bubbles (gold, silver, crypto, stocks), AI investment & real business spending, government spending (defense vs social programs), budget deficits and national debt, US trade deficit. Impact of global trends (BRICS, sanctions, dollar demand, demand for US Treasuries by China, BRICS, etc. also discussed).

https://alternativevisions.podbean.com/e/alternative-visions-1-2-26/

Last week’s Alternative Visions show discussed the latest change to financial asset bubbles (cryptos, gold, silver, S&P stocks and AI). Why AI isn’t making any money except for big & tech corps and won’t any time soon. Latest stats on real economy consumer spending mostly just price increases since not adjusted for inflation. Manufacturing continues to contract. New housing flat. Recent govt shutdown distorting econ stats. Show addresses latest European scheme to seize Russian assets in its banks and use to fund Ukraine war. Why Euroclear in Brussels, Belgium govt, and now European central bank all against the seizure being pushed by European Commission and German chancellor Merz. (Next week: USA’s new Strategic Direction plan document and the rearming of German War Machine article in The Atlantic Mag. What does it all mean?)

Listen to my November 21, 2025 Alternative Visions radio show for discussion of the latest swings in financial asset prices for Cryptos, Gold, Stock Markets and AI. How are they related? Will contagion spread from one to the others? What’s the contagion mechanism? Why are financial assets becoming more unstable, while the real economy continues to slow? Why the recent government shutdown means October and November US govt stats are virtually worthless (as no surveys for wages, prices, jobs, GDP took place and Govt stat departments say they’ll ‘impute’ the gap between Sept. and December–i.e. make up the numbers). Why December numbers will be biased to the upside temporarily after the shutdown. (Also my latest analyses on the prospects for war in Ukraine and Venezuela)

TO Listen: https://alternativevisions.podbean.com/e/alternate-visions-financial-bubbles-become-more-volatile-fragile-latest-on-ukraine-and-venezuela-112125/

by Jack Rasmus

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?

Is it a political cover for Trump to finally cut military intelligence and surveillance aid to Ukraine—while simultaneously imposing additional sanctions on Russia, and perhaps Ukraine as well, to pressure both parties to commence negotiations in earnest?

Is it a Trump maneuver to enable the US to share in the exploitation of the $260 billion Russian assets frozen in Belgium and EU banks?

Is it a Trump tactic to justify further US withdrawal from involvement in the war, once the Europeans reject it, and to let the Europeans have ‘their war’ with Russia in Ukraine?

Is it, as some have argued, a clever ‘hard cop’ (Europe) vs. ‘soft cop’ (US) maneuver to get Russia and Putin to agree to another ‘Minsk III’-like temporary truce to halt the conflict on the ground so that Europe & Ukraine can buy time to recruit, rearm, and retrain forces in order to continue the conflict?

Or is it a preliminary step toward eventual real negotiations down the road—i.e. after further military conflict exhausts both sides creating a basis for real compromises and negotiations in 2026?

Up to the release of the 28 point proposals this past week, the fundamental positions of three of the four parties involved in the conflict—Ukraine, Russia, and Europe—have not changed much, if at all. Is Trump’s plan therefore about trying to move the parties off their prior hardened positions that prevent any serious negotiations.

Prior Positions of the Parties

To date, Russia has held firm to its June 2024 positions: No NATO in Ukraine; formal recognition by Europe-US-Ukraine of Russian sovereignty over the four provinces (Lughansk, Donestsk, Zaporozhia, Kherson) and Crimea; reduction of Ukraine armed forces to less than 100,000 to ensure no future threat to Russia; and Ukraine neutrality and denazification of its government.

Ukraine’s position has been the same since the onset of the conflict in 2022: no Ukraine land concessions including Crimea; reparations for Russian damages; full retreat of all Russian military forces to Ukraine’s 1991 borders; and no negotiations to begin until a ceasefire and Russia’s full retreat.

Europe’s position is full support for Ukraine’s positions; an immediate ceasefire along the lines of combat as precondition to negotiations; use of Russia’s $260 billion frozen assets in its banks to fund Ukraine’s war effort in the interim and thereafter for Ukraine’s eventual reconstruction post-war; no changes to borders as a result of force; Europe troops to be allowed in Ukraine after the war ends; and no limits to NATO expansion determined by any state outside NATO member states.

The US position under Biden agreed with the European and Ukrainian positions above virtually completely. Biden proposed, moreover, to continue to escalate US financial, weaponry, and military assistance for as long as it takes to force Russia to end the war.

Under Trump, the US position shifted, to seek negotiations and to end the war on terms of whatever is eventually acceptable by Russia, Europe and Ukraine—as dictated by the relationship of forces at the time of final negotiations.

Trump and the US have therefore swung between a solution preferred by the political alliance of US neocons, Europe leaders, and Ukraine to a solution advocated by other political forces within the US who have begun recognizing the impossibility of ending the war on the basis of Europe-Ukraine positions to date. Trump’s dual representatives reflect the duality of the US position: General Kellogg representing the US neocon/EU positions and Trump’s personal advisor, Steve Witkoff, the emerging more realist US view of the conflict.

US Vice-President, J.D. Vance, summarized this latter, realist view when questioned by US media this past weekend after the release of Trump’s 28 Pt. Plan: the rigid Europe-Ukraine hardline view of the past three and a half years represents the view of “failed diplomats or politicians living in fantasy land” committed to the idea that somehow “more money, more weapons, or more sanctions” will result in eventual “victory”! 

The US wants to move on from Europe’s war with Russia in Ukraine. Its imperial interests now include larger strategic concerns in the middle east (Israel-GAZA-Iran war), Latin America (Venezuela regime change plans), and western Pacific (Taiwan-China). The emerging new view is that if Europe wants to continue war with Russia, they should do so on their own, paying for it and providing Ukraine’s the military support themselves.  The new view beginning to take hold among the Trump wing of the US foreign policy elite is that the USA has more important global strategic interests and concerns beyond continuing fighting and paying for Europe’s wars or protecting Europe from its imagined threat from Russia.

Mainstream Media Complicity

The US and Europe mainstream media throughout the conflict since 2022 reflected the US neocon view that Russia’s economy was about to collapse, Putin would be overthrown by Russian political opponents, and the Russian army was weak and would quickly stop fighting.  The most recent such view is that Russia has suffered 1.5 million losses since 2022—a number even larger than the current total Russian military of 1.4 million. 

Following the announcement of the 28 Pt. plan, the New York Times provided a brief, incomplete and slanted summary of its terms.  In its very first paragraph, it described the Trump plan as one in which “Ukraine would have to capitulate on most of Putin’s demands” and that “Ukraine would gain little other than a halt to the war”.  The Times’ authors added “Russia’s economy is at its weakest since February 2022” and that Russia is facing serious economic pressures due to US sanctions—all of which is a repeat of the propaganda mantra and remains contrary to the facts stated by various western market research sources.  Another Times theme is that the Trump requirement Ukraine hold elections is about “ushering out” Zelensky—i.e. a political goal attributed to Putin.

These themes were reiterated by the European media in turn and then some. The UK Guardian clarified several important elements of the plan conveniently ignored by the New York Times. For example, it questioned who originally authored the plan? It suggested the Plan was perhaps Russia’s originally, and was passed off by US Secretary State, Rubio, as Trump’s plan. The attempt here clearly was to undermine the plan and the US role, suggesting the US was just a dupe for Russia. Rubio immediately denied the suggestion, called the Times’ suggestion “blatantly wrong” and confirmed it was a US plan, not Russia’s, reached after US discussions with both Ukraine and Russia.

That did not stop US neocon Senators from repeating the Times’ theme publicly as well, implying the plan was Russia’s not Trump’s.

Key Elements of the 28 Pt. Plan

The plan is now public and readers can review it in detail for themselves. However, the key elements are the following:

  1. Ukraine must withdraw from the two provinces, Lughansk and Donetsk. It has already been driven out of Lughansk and occupies only 25% left of Donetsk. Moreover, the area from which it withdraws in those two provinces is to remain a demilitarized zone. So per the plan Ukraine is not required to actually recognized either as Russian sovereignty.
  2. Russia must withdraw all its forces from the northern provinces of Sumy and Kharkov. Its forces in Zaporozhie and Kherson are to be frozen in place, the rest of those two provinces remaining occupied by Ukraine.
  3. The plan calls for no NATO troops deployed in Ukraine and no further NATO expansion (the latter point left unclear as to where exactly no expansion was to occur). Ukraine can join the European Union.
  4. Sanctions on Russia would be removed in steps. Russia was allowed to join the G7 as its new G8 member.
  5. The size of Ukraine’s current 900,000 military forces would be capped at 600,000.
  6. $100 billion of Russia’s $260 billion frozen assets in Europe banks would be transferred to a joint US-Russia administered fund for the reconstruction of Ukraine after the war. To which Europe will add another $100 billion but not administer.
  7. Elections in Ukraine would be held within 100 days after the final agreement to end the war.
  8. There were also numerous vague terms calling for restoration of Russian speaking Ukrainians cultural and political rights prior to the new elections.

Europe leaders initially expressed extreme displeasure with not being part of the determining of the plan, cut out of negotiations with Russia, and especially with having to provide $100 billion of Russia’s frozen assets to the joint US-Russian fund and then another $100 billion further to the reconstruction of Ukraine.

Thus, the European and US have begun early in-fighting over the spoils available after the end of the war. Whose corporations will receive the lion’s share of the proceeds from reconstruction has begun emerging as a source of contention within the NATO forces, US and European.

Responses to the 28 Pt. Plan

Russia has said the 28 Pt. proposal is a basis upon which to start negotiations. Europe has initially rejected it and it hurriedly gathered its leaders in Geneva on November 23, 2025 to craft its official rejection and alternative proposal. Zelensky and Ukraine once again took cover behind the European opposition to the latest Trump initiative, declaring its opposition to the plan as well.

Europe and Ukraine have consistently insisted that negotiations should only take place when Russia agrees to an unconditional ceasefire along all lines of combat. Ceasefire first and freezing all lines of military contact is the precondition to start negotiations. That remains the fundamental Europe-Ukraine demand, which it has been since 2022. By demanding ceasefire first, then negotiations, Europe-Ukraine in effect propose a repeat of Minsk II negotiations held in 2015 to halt Russian military activity. They want a ‘Minsk III’.

As former British diplomat, Alaistair Crooke, has explained, “they (Europe) want a ceasefire, not a solution, so they can go back in, retrain, and rearm Ukraine to continue the war”. He adds: “Europe is coaching Zelensky to say No” and it wants to continue a “controlled war”.

German Chancellor, Merz, warned if Ukraine loses it will have a profound impact on Europe politics as a whole. That’s true. Europe’s current political elite have tied their futures to the war in Ukraine and cannot retreat. To do so risks the possible fracturing of NATO and even perhaps the European Union.  So why are Europe leaders like Merz, Macron in France, and Starmer in the UK so committed to continuing the war? There are several possible explanations.

First, the war is the way to keep the USA financially, and even militarily, committed to remain in NATO in Europe. The USA military umbrella since 1945 has been profitable for Europe and politically useful for Europe’s domestic politics: not having to expend huge sums on defense (US total cost in NATO is now estimated at $32B per year) has enabled Europe to provide social benefits to its populace much greater than the US has provided to its populace.

Should the USA pull out of Europe—which Trump likely wants to do eventually to cut $32B from future US defense spending—then Europe will have to cut social benefits, raise taxes further, and/or incur more sovereign debt, in order to develop its own defense/war military industrial complex. Merz has already declared Germany will spend $1 trillion over the next five years to do so. Other European countries will have to do the same. Europe’s economy cannot sustain that expenditure without massive cuts to social benefits that will certainly result in widespread political upheaval. Europe’s economy has been limping along since 2008, growing tepidly, experiencing bouts of stagnation and mild recessions for the last decade and a half, and has been declining in terms of productivity for some time. Real wages have not risen since at least 1999 when the European Union was created.  

Europe has been steadily falling behind the US and China technologically and financially. European leaders may think a surge in military spending will energize its GDP and growth but that route holds great economic and political risks. European leaders are likely aware of the consequences. But they see continuing the war as the way to keep US involved supporting the war, to keep US in NATO providing its subsidies, and the way to buy time to transition to their own military-industrial economy. The Ukraine war is key to buy time for this economic transition. Continued war in Ukraine is the only way for Europe’s elites to justify the social benefit cuts on the agenda.

As UK diplomat Alastair Crooke has correctly observed, Europe needs the war to continue. Ukraine and Zelensky will ride the European horse into the sunset as long as they can.

Failure to end the Ukraine war is not a problem of individuals—i.e. Zelensky, or Putin, or Trump or even the ultra-nationalist/neo-nazi elements in the Ukraine government. The problem is Europe—and Europe’s US neocon allies who share its pro-war objectives as well. European leadership is committed to a long war in Ukraine, so long as Ukraine has the troops to throw into the maelstrom. However, that may be coming to an end sooner than later.

The European leadership met this past Sunday, November 23, to hammer out a response to Trump’s 28 Pts. They will inject their own demands into a new document. In essence, some new formulation of ‘ceasefire first’ and other new demands.

According to the Guardian newspaper, they will propose to amend the 28 Pt plan to include a reduction in Ukraine military forces by only 100,000 to 800,000 instead of the 600,000 indicated in Trump’s plan—neither of which Russia will agree to. They will demand the Zaporozhie nuclear power plan now occupied by Russia to be returned to Ukraine. They’ll oppose immediate reductions of sanctions on Russia or permit it in the G8. They’ll especially reject the US-Russia joint administered fund to reconstruct Ukraine. They won’t agree to no NATO in Ukraine and will reiterate European forces must be allowed in Ukraine after the war. Reports are circulating they may even call for the US to commit troops to ‘supervise’ the truce on the ground after the war, i.e. to lure the US to provide cover for future European military encroachments. Their amendments will thus constitute a ‘ceasefire’ plan, albeit couched in more clever proposals. All of which Russia will reject.

Trump’s response to Europe’s counterproposals will likely include his acceptance of whatever the Europeans propose at Geneva. He’s as much as said so. The 28 Pt plan, even with the European amendments, is just an interim document and another false start event—i.e. an ‘Anchorage 2.0’—on the road to a later more serious negotiation.

When asked by the media he admitted the plan is not the ‘final agreement’. And when queried in turn what he’ll do if Zelensky rejects it, Trump replied: “he’ll have to like it, or just keep fighting, I guess.” 

Strategically the best the US and Trump can get from the Plan is to move Ukraine and Europe off their nearly four years-long hardline positions. To create some ‘hooks’ upon which to hang future negotiations.

True negotiations will not begin until Russia takes back all the four provinces it has declared as part of sovereign Russia. Serious discussions begin only when Russia takes back all of the four provinces, stands at the Dnipr river and decides whether or not to push further west into Ukraine or to take Odessa in the south.  At that point the ‘Special Military Operation’, SMO, becomes something else. Something much larger. Alternatively, realistic negotiations might begin if and when the Ukraine army begins to collapse before Russia reaches the Dnipr, which could happen within the next 90 days given the current rate of Russian advances on the ground in the east. 

The Institute for War (IFW), a western think tank clearly allied with NATO and Ukraine, has reported up to 300,000 Ukrainian troops have deserted since the war began. At least another 500,000 have been killed or permanently disabled. Per the IFW Ukraine is recruiting 17,000 troops per month but is losing 30,000.  Russian volunteers (not draftees as in Ukraine) are joining its military at the rate of roughly 30,000/ month and its losses are much less than its recruitment. The ultimate limit to war is not finding enough money to pay for it. Nor even enough weapons. It is the manpower losses.

The war in Ukraine will end when the military conflict ends. Not vice versa—i.e. not as result of a ceasefire ending the conflict before negotiating the terms of its ending.

The Trump 28 Pt. plan will not begin the process of ending the war. On the contrary, the inevitable collapse of the plan may well lead to more escalation, not less.

Jack Rasmus

November 22, 2025

https://alternativevisions.podbean.com/e/4-financial-bubbles-growing-gold-cryptos-us-stocks-ai/

Today’s Alternative Visions show addresses the four financial asset bubbles currently expanding simultaneously and what does it mean for financial instability or crashes on the horizon. The dimensions of each are described, as well as their potential interactions. The main determinants shared are US global sanctions (depressing demand for the US dollar and its depreciation already by 10% in 2025), global economy’s economic slowdown (and investors’ rush to safety in gold, cryptos, alternative currencies), and accelerated investment in tech especially AI. Delete AI investing (data centers, etc) and US real GDP in first half 2025 was only 0.1%. How AI comprises 80% of stock price appreciation in 2025. AI bubble is already 4X larger than mortgage bubble of 2003-07 and 17X dotcom bubble of 1997-2000. Some potential scenarios.