Download PDF Collusion How Central Bankers Rigged the World Nomi Prins 9781568589435 Books

Product details Paperback 384 pages Publisher Bold Type Books; Reprint edition (May 7, 2019) Language English ISBN-10 1568589433

Collusion How Central Bankers Rigged the World Nomi Prins 9781568589435 Books Reviews

• I just finished Nomi's book, Collusion. I worked for The Federal Reserve in various departments throughout my life, including payment processing, Treasury Direct, and as a bank holding company examiner. I do not mean to be histrionic here. I do not personally know Nomi. This is the most important book I've read in a decade. Take my advice just this once - get Collusion, and read it. And thanks, Nomi, for your bravery.
• First and foremost, this is one of the better books I've read, especially on the banking system. Nomi Prins doesn't sensationalize or create fear porn. This entire volume is written very practically. I will warn readers up front that there is a lot of banking and financial terminology and acronyms. There's a glossary to help but it may be a bit of a challenge if you are completely unfamiliar with the banking system.
  
  Rather than offer a summary, I'm going to offer a couple of quotes directly from the book that do well presenting the overall theme
  
  - "By conjuring money, the Fed had begun something it couldn't stop." - p. 223
  
  - "Nowhere in any of this did the plight of ordinary citizens meaningfully feature in the discussion." - p. 224
  
  - "This coddling of the oppressors depicted the illogic of a situation that hurt all those involved to some degree - except the central bankers themselves. It was the central banking establishment that had no real allegiance to voters and that remained virtually untouchable." - p. 242
  
  Basically, in 2007/2008, a fiscal crisis erupted, with the epicenter being the United States. This crisis was in part caused by the deregulation of the banking industry during the Clinton Administration, including the repeal of the Glass-Steigal act. Though many who have been following the system are aware of that, Prins gets into detail of why this is true. It lead to out of control "betting" utilizing people's deposits. This "betting" included subprime loans, derivative markets (including derivatives from toxic assets), and so on. When it all came to a head, the bankers went to governments to bail them out. And they did. And the banks made out big time but Main Street did not. And then central banks pushed money conjuring (QE) for a trickle down effect. It didn't work. Banks hoarded it and bet on more derivatives. So the central banks keep doing the same thing and have for about a decade with the same effect.
  
  The author does a great job in presenting the elitism of the central bankers, the revolving door between banking positions and government positions, the fact that the bankers are less and less accountable to governments and that governments are more and more held hostage by those bankers. This book should be on the reading list for every college student out there, but it won't be.
  
  Political Trigger Warning The author does not speak highly of any American administration, whether it be Bush, Obama, or Trump. So if you are in love with any of these presidents, you will be triggered.
• This is a superb study on high finance. It shows in great detail how the world's central bankers have been colluding to prop up the world economy with easy money over the last 10 years. She makes a convincing argument that this strategy has failed to do anything but protect the interests of the super-rich. Reformists and revolutionaries alike will find this book a gold mine of information in their battle against a system everywhere dominated by international capital. Since their community is so large now, I would urge conspiracy theorists to take the the time, open their minds, and carefully study this book. Here you will learn of a true world conspiracy run in plain sight by nervous experts on the basis of shaky, discredited economic theory. Because this well-researched book so thoroughly exposes the prevailing neoliberal intellectual framework and despite the author's eminent credentials, it is being informally blacklisted by the mainstream media. But I don't care. This is one of the few books that I will re-read several times.
• Prins in a just world could easily receive the Nobel Prize for economics . The secret world of Central Banks has a profound effect on how we all survive in this money driven planet . Japan , Europe and the US Central Banks are all in collusion offering the big banks ZIR-Ps , zero interest rate policies while the masses have to settle for convience store sleerpies! The bright side of the story has been how China and other developing countries have been able to challenge the trickle down approach to finance , investing in infrastructure and other social investments. On the other hand with the Fed trillions
  go to lining the pockets of our big banks while the finance sector pays little attention to the needs of the public.For anyone interested in economics , this is the key piece of the global puzzle. In a just world the Quantitative Easing might be how we ease Climate Change , a strategy environmental groups might consider . Thank you Nomi Prins for your research and moral strength.
• A dire explanation by a woman who is exceptionally well qualified to know her topic and who writes clearly about it.
• This book gives an impressive timeline of global central bank intervention that reaches the height of an academic dissertation. Although the sitings of central bank involvement in seemingly necessary activities gets a bit tedious at times, they do give the author great credibility in her contention and can only point to what she's attempting to illustrate-- Collusion (and, yes, that's with a capital "C"). Two thumbs up-- and extra credit for truthfulness!
• Excellent work ... Well written ... Incredible back-up with 80 pages of foot-notes and references ... Easy to understand ... I love how the book was broken down by geographical regions ... Kudos ... A MUST READ
• Very dense book, so be ready for a lot of detail with entities you never heard of in a global view...could have summed it up in a page or too. It would be a great reference book for an article or paper. The thing I was most interest in, how to address the problems and issues received 1 sentence...there must be a financial reset. That I would have been interested in learning more about.