In this searing expos, 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.Central banks and international institutions like the IMF have 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 pow...
|Title||:||Collusion: How Central Bankers Rigged the World|
|Number of Pages||:||384 pages|
|Status||:||Available For Download|
|Last checked||:||21 Minutes ago!|
Collusion: How Central Bankers Rigged the World Reviews
Nomi Prins does a deep dive into the activities of central banks from the 2008 crisis through 2017. It's a difficult (for me!) but very insightful look at how the central bankers went wild with conjuring money and how so little of it caused any real economic growth. It's incredibly well-sourced and detailed. It covers the Bank of Japan, the People's Bank of China, Bank of Brazil, and the European Central Bank. It ends with a brief conclusion about what could be done.
I have three main criticisms ...more
This is a dense read and best done ion small chucks or one chapter per sitting/day. What caused the financial crisis in 2007-8? The direct cause in the United States. Big banks, the stock markets, and elites created the policies and instruments that failed. Collusion by central banks to save big banks and investors failed banks failed to solve the problem. This book explains why. It also makes the case why it can happen again. Worthy of a read and discussion. Circle