May 8, 2019
Podcast on short
sabbatical due to unexpected fractured
wrist.
Just out in paperback is 'Collusion' by Nomi Prins, ( )a searing
exposé, in which this former Wall Street insider Nomi Prins shows
how the 2007-2008 financial crisis turbo-boosted the influence of
central bankers and triggered a massive shift in the world
order.Claudia Cragg (@KGNUClaudia) speaks with her here for @KGNU
#ItsTheEconomy.
Central banks and international institutions like the IMF
have, says Prins, overstepped their traditional mandates by
directing the flow of epic sums of fabricated money without any
checks or balances. Meanwhile, the open door between private and
central banking has ensured endless opportunities for market
manipulation and asset bubbles--with government support.
Through on-the-ground reporting, Prins reveals how five
regions and their central banks reshaped economics and geopolitics.
She discloses how Mexico navigated its relationship with the US
while striving for independence and how Brazil led the BRICS
countries to challenge the US dollar's hegemony. She explains how
China's retaliation against the Fed's supremacy is aiding its
ongoing ascent as a global superpower and how Japan is negotiating
the power shift from the West to the East. And she illustrates how
the European response to the financial crisis fueled instability
that manifests itself in everything from rising populism to the
shocking Brexit vote.
Packed with tantalizing details about the elite players
orchestrating the world economy--from Janet Yellen and Mario Draghi
to Ben Bernanke and Christine Lagarde--Collusion takes the reader
inside the most discreet conversations at exclusive retreats like
Jackson Hole and Davos. A work of meticulous reporting and bracing
analysis, Collusion will change the way we understand the new world
of international finance.