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World’s Most Important Bank Issues Urgent “Zombie Alert”
World’s Most Important Bank Issues Urgent “Zombie Alert” It’s been a decade since the world’s major central banks reacted to the financial crisis by cheapening the value of money through record low, zero or negative rates. What my research for my book Collusion: How Central Bankers Rigged the World revealed was how central bankers and […]
10 Years Later, a Debt Crisis Is Building Again
10 Years Later, a Debt Crisis Is Building Again Though it seems like only yesterday, it’s been a decade since my former employer, Lehman Brothers went bankrupt, and in the process, helped instigate a massive global financial crisis. That collapse catapulted the Federal Reserve on a mission to, in its own narrative, save the economy […]
Tomgram: Nomi Prins, Cooking the Books in the Trump Universe
Tomgram: Nomi Prins, Cooking the Books in the Trump Universe There’s a clear pattern to Donald Trump’s life. Put simply: he gets away with it. Yes, sometimes (but not usually) he has to pay a penalty, but generally he has a knack for leaving others holding the bag. He’s stiffed untold numbers of people (plumbers, […]
Everything is AwesomeThe Donald in Wonderland: Down the Financial Rabbit Hole With Trump
The Donald in Wonderland: Down the Financial Rabbit Hole With Trump Once upon a time, there was a little-known energy company called Enron. In its 16-year life, it went from being dubbed America’s most innovative company by Fortune Magazine to being the poster child of American corporate deceit. Using a classic recipe for book-cooking, Enron […]
The Fed Will Not Give up “Dark Money”
The Fed Will Not Give up “Dark Money” When it comes to second quarter U.S. economic growth figures, interpretation is everything. On one hand, the projection of 4.1% second quarter growth is a sign of a surging economy set to grow for years to come. But on the other hand, it is seen as temporary […]
You Should Fear the Emerging Market Debt Bubble
You Should Fear the Emerging Market Debt Bubble Global debt has ballooned since the financial crisis as central banks have distorted markets and fueled debt bubbles in particular. A lot of the increase in global debt has come from emerging market (EM) economies, especially China. In fact, a record amount of EM debt has accumulated […]
Trump’s Trade Tantrum: On Tipping Points and Authoritarian Peril
Trump’s Trade Tantrum: On Tipping Points and Authoritarian Peril Photo by Graham C99 | CC BY 2.0 The Tangerine Tosser’s triple trade tiff – with China, the European Union, and the United States’ NAFTA partners (Canada and Mexico) – has the potential to spark an American and global economic meltdown. Classic signs of a coming […]
What’s the End Game?
What’s the End Game? In the rush of Trumped-up events, history — of the last month, week, hour — repeatedly gets plowed (or tweeted) under. Who can remember what happened so long ago? Perhaps it’s not surprising then that, in the wave of abuse from the president and his men (including economic adviser Larry Kudlow […]
Nomi Prins: The central banking heist has put the world at risk
Nomi Prins: The central banking heist has put the world at risk “The 2008 financial crisis was the consequence of a loosely regulated banking system in which power was concentrated in the hands of too limited a cast of speculators,” Nomi Prins tell me. “And after the crisis, the way the US government and the […]
Nomi Prins: Central Bank-Inspired “Major Credit Squeeze” Will Trigger Next Crisis
Nomi Prins: Central Bank-Inspired “Major Credit Squeeze” Will Trigger Next Crisis For all the talk about tapering (in both the US and Europe), the Federal Reserve has actually done remarkably little to reduce its balance sheet. And in an interview with Macrovoices Erik Townsend, former Wall Street executive Nomi Prins expands upon some of the […]
Nomi Prins: Collusion!
Nomi Prins: Collusion! How central bankers rigged the world Nomi Prins, Wall Street veteran turned financial industry reformist returns to the podcast this week to explain the findings within her new book Collusion: How Central Bankers Rigged The World. Nomi has put together a timeline of exactly when and how the central banks have plundered the wealth […]
Market Plummets if Global Central Banks Pull Plug – Nomi Prins
Market Plummets if Global Central Banks Pull Plug – Nomi Prins Two time best-selling book author Nomi Prins says the rescue policies of the 2008 financial crisis are still with us today. Prins is out with a brand new book called “Collusion: How Central Bankers Rigged the World.” The enormity of our current global debt […]
Donald Trump and the Next Crash: Making the Fed an Instrument for Disaster
Donald Trump and the Next Crash: Making the Fed an Instrument for Disaster Photo by futureatlas.com | CC BY 2.0 Warning: What you are about to read is not about Russia, the 2016 election, or the latest person to depart from the White House in a storm of tweets. It’s the Beltway story hiding in […]
Four Flashpoints of Volatility
Four Flashpoints of Volatility 1 – Trade Wars Flashpoints, From China to Canada and Mexico Wall Street has knee-jerk reactions to any trade war related headlines. There are legitimate reasons to be concerned about trade wars. The world is increasingly more connected than ever. Many major American companies that are household names such as Starbucks […]
Why Trade Wars Will Unleash Central Banks
Why Trade Wars Will Unleash Central Banks There’s been an abundance of coverage surrounding the recent steel and aluminum tariffs. Those measures could hurt more sectors than they help within the U.S. In particular, it could damage businesses that require metals because they’ll have to pay more for raw materials. Trade wars also escalate geopolitical […]