Nomi Prins-People Don’t Have Any Money

So, is anything in the financial sector actually fixed? Former top Wall Street banker Nomi Prins contends, “We have many trillions of dollars and government policy trying to basically cover up the holes in the entire financial system that could create another Lehman or multiple Lehmans. So, we have a white wash or a hole in the wall that’s been plastered over many, many, many times. The hole is still there. The danger is still there. The co-dependency is still there. The leverage is still there. . . .It all look like there has been this cosmetic shift supporting these banking institutions rather than supporting, from the bottom up, the economies of these countries. That has the effect of creating deterioration in any of the assets that these banks are still financing. . . . “Buying securities does not help people get jobs. It does not help industries to continue to innovate. It does absolutely nothing for spreading a foundation of solid economics throughout the population. All it does is make banks look better and cover these holes. Even with all that, holes continue to pop up and be visible, and that indicates a much larger problem. . . . People don’t have money. Even if the headline unemployment looks good, the reality is the jobs being created do not pay well. So, people don’t have any money.”

In closing, Prins paints a grim picture by saying, “When there is no artificial external buyer for debt, that’s when things will fall apart.”

Join Greg Hunter as he goes One-on-One with Nomi Prins, best-selling author of “All the Presidents’ Bankers.”

Economic Collapse, Bailout & All The Presidents’ Bankers with Nomi Prins

Bank conspiracy, collapse and the failure of the federal reserve is explored with Nomi Prins. ALL THE PRESIDENTS’ BANKERS, Prins’ new book, plus impending doom for the dollar and the reinstatement of the Glass-Steagall Act is discussed, as we follow the money and debt in the banking industry to see who is really coming out on top, and who is most at risk in this economy, on Buzzsaw hosted by Sean Stone.

GUEST BIO:
Nomi Prins is a political-finance expert, author and speaker. She is the author of six books including her latest, All the Presidents' Bankers: The Hidden Alliances that Drive American Power, the historical novel, Black Tuesday and other non-fiction books, It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street and Other People’s Money: The Corporate Mugging of America which predicted the 2008 crisis.
She has appeared as a frequent commentator on international and national TV programs including for: CNN, BBC World, RtTV,
Before becoming an author, Nomi worked on Wall Street as a managing director at Goldman Sachs, and Senior Managing Director running the international analytics group at Bear Stearns in London, as well as having held positions at Lehman Brothers and the Chase Manhattan Bank (JPM Chase). She is a Senior Fellow at the public policy think-tank, Demos.

DARK JOURNALIST: NOMI PRINS - BANKSTER HOUSE OF CARDS! SECRET FINANCE QE & ZIRP

In this special Economic Insight episode, Dark Journalist welcomes Best-Selling Author, Financial Expert and Former Managing Director at Goldman Sachs Nomi Prins. Nomi’s classic book series on the secret machinations of the financial world and how the banking elite are taking the world to the brink of economic ruin includes her latest book,"All The President’s Bankers.”

Together, Nomi and Dark Journalist will chart the pernicious influence of greedy, covert money power that is manipulating the global economy and engineering a stealth transfer of power and wealth on a scale never seen before in the history of the financial world! She also reveals the tightly knit web of wealthy families and political insiders that helped to engineer the economic bailouts that made the reckless big investment banks, like JP Morgan and Goldman Sachs, even bigger and rewarded them for their unethical and destructive behavior.

With her in-depth knowledge and experience in the Wall Street world, Nomi outlines the hidden processes that allow the toxic assets that the banks developed through bizarre credit derivative packages to continuously be bought by the Federal Reserve. As they reward their friends and devalue the dollar and wages of the average investor with absurd zero interest rate and the one-percent-friendly quantitative easing ‘QE' policies, the wealthy insiders are harvesting the assets of the public society.

Nomi also examines the risks for the papered over, debt-ridden economy and how in some ways we are more vulnerable to an economic tsunami than we were in the crash of 2008. The ramifications for ignoring this powerful trend of economic fragility are far too disturbing to contemplate as the new stock market bubble is being pumped up by the same forces that caused the recent financial crisis in the first place.

Revealing, unnerving, informative, insightful, outspoken and spellbinding, you’ve never seen Nomi lay out the facts of the financial reality we face as you will in this rare, in-depth, deep interview with Dark Journalist!

Nomi Prins: QE Is Coordinated & Has Gone Global

Jason Burack of Wall St for Main St welcomed back returning guest, former Wall St executive, whistle blower and author Nomi Prinshttp://www.nomiprins.com/

During this 40+ minute interview, Jason starts off by asking Nomi about her new book, All the Presidents' Bankers, and according to her research when did Wall St try to start buying off/controlling US presidents.

Nomi talks about how she started her book in the late 19th century (1800s) and bankers like JP Morgan started cozying up up to bankers then and they ran in the same social and partying circles.

Nomi talks about how money and political power enjoy each other's company.

Jason and Nomi talk about the Creature from Jekyll Island and then about FDR and how FDR secretly met with lots of Wall St bankers according to Nomi's research for her book.

Next, Jason and Nomi discuss corruption on Wall St and if it has increased since Nomi first began her career on Wall St in the 1980s. Nomi thinks corruption has increased massively because of the opaqueness of derivatives and financial products.

Jason and Nomi discuss why corruption increased and Jason asks Nomi if the banks don't fear failure because of the Federal Reserve backstopping them.

Jason and Nomi discuss the role central banks like the Federal Reserve play in allowing bankers, hedge fund managers, etc to take enormous risk and not fear being fired, going to jail, etc.

Next, Jason and Nomi discuss the global economy and why she thinks China is close to announcing a large QE program. Nomi thinks central bankers are coordinating their QE programs to help keep interest rates low and asset prices propped up. She thinks this can continue at least for awhile longer until interest rates go to zero in every major economy.

Jason asks Nomi about why China, Russia and other G20 countries are creating the Asian Infrastructure Investment Bank, an alternative SWIFT system and doing enormous currency swaps and bilateral trade agreements.

Nomi thinks many economic and political elites know the status quo is collapsing.

To wrap up the interview, Jason and Nomi talk about the sickening amount of corruption in politics and if anything can be done to reduce the corruption.

All the Presidents' Bankers - Nomi Prins

Bank conspiracy, collapse and the failure of the federal reserve is explored with Nomi Prins. ALL THE PRESIDENTS' BANKERS, Prins' new book, plus impending do.

Economic Collapse, Bailout & All The Presidents' Bankers with Nomi Prins videos.. Please click here to subscribe to my channel.. On another financial collaps.

The longstanding relationship between Wall Street and the White House has often been described as a revolving door, with both camps benefiting from the con.

On another financial collapse, best-selling author Prins predict.

Wall Street and the Big Six

January 31, 2015 - Nomi Prins introduction speech at the Banking on Colorado Conference in Denver, Colorado.

http://www.nomiprins.com/
http://bankingoncolorado.org/

Nomi Prins: The Sinister Evolution Of Our Modern Banking System

Full Description and Comments at: http://www.peakprosperity.com/podcast...

Today, the 'revolving door' connecting our political and financial systems is evident to anyone with eyes. But this entwined relationship between Washington DC and Wall Street is nothing new, predating even the formation of the Federal Reserve.

To chronicle the evolution to where we find ourselves today, we welcome Nomi Prins, Wall Street veteran turned financial industry reformist, and author of the excellent expose All The Presidents Bankers.

In this well-detailed interview, Nomi goes into depth of the rationale and process behind the creation of the Federal Reserve, and more important, how its mandate -- and the behavior of the banking system overall -- metastasized into the every-banker-for-himself regime of sanctioned theft we now live with.

Audiobook All the Presidents' Bankers by Nomi Prins

Who rules America?

All the Presidents’ Bankers: The Hidden Alliances that Drive American Power is a groundbreaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history. Culled from original presidential archival documents, All the Presidents’ Bankers delivers an explosive account of the hundred-year interdependence between the White House and Wall Street that transcends a simple analysis of money driving politics, or greed driving bankers, or bankers controlling governments. It presents the shocking genealogy of American power.

Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational family, blood, intermarriage, and mentor-protégé relationships that have confined national influence to a privileged cluster of the same people who recycle their power through elected office and private channels in Washington, D.C.
All the Presidents’ Bankers sheds new light on pivotal historic events—such as why, after the Panic of 1907, America’s dominant bankers convened to fashion the Federal Reserve System; how J. P. Morgan’s ambitions motivated President Wilson during World War I; how Chase and National City Bank chairmen worked secretly with President Roosevelt to rescue capitalism during the Great Depression while J.P. Morgan Jr. invited Roosevelt’s son yachting; and how American financiers collaborated with President Truman to construct the World Bank and IMF after World War II.

Prins divulges how, through the Cold War and Vietnam era, presidents and bankers pushed America’s superpower status and expansion abroad, while promoting the broadly democratic values and social welfare at home. But from the 1970s, Wall Street’s rush to secure Middle East oil profits altered the nature of political-financial alliances. Bankers’ profit motive trumped heritage and allegiance to public service, while presidents lost control over the economy, as was dramatically evident in the financial crisis of 2008.

This unprecedented history of American power illuminates how the same financiers retained their authoritative position through history, swaying presidents regardless of party affiliation. All the Presidents’ Bankers explores the alarming global repercussions of a system lacking barriers between public office and private power. Prins leaves us with an ominous choice: either we break the alliances, or they will break us.

http://www.nomiprins.com/presidents-bankers/

All the Presidents' Bankers - Nomi Prins

The longstanding relationship between Wall Street and the White House has often been described as a "revolving door," with both camps benefiting from the connection. All the Presidents' Bankers: The Hidden Alliances that Drive American Power offers an inside look at the political and economic web spun between these two giants. Journalist Nomi Prins traces the history of this partnership, from the creation of the Federal Reserve in 1907 to bankers' influence on politics after the financial crisis of 2008. A former Wall Street executive, Prins unravels the Ivy League schools, fishing trips, marriages, and job offers that thicken these ties each year. By recycling power and keeping it "in the family," Wall Street and the White House have become mutually beneficial entities, working together to shape national — and international — politics. According to Prins, these ties have had devastating consequences and the time has come to break them before it's too late.