Podcasts about collusion how central bankers rigged

We are joined for the full hour by geopolitical financial expert and financial historian, Nomi Prins, to discuss her new book, “Permanent Distortion: How Financial Markets Abandoned the Real Economy Forever,” which highlights the huge gap between the high-flying stock market, versus back down here on earth, where average people struggle to make ends meet.Nomi Prins is an economist, author, geopolitical financial expert and financial historian. She is the author of several books, including Collusion: How Central Bankers Rigged the World, All the Presidents' Bankers, Other People's Money: The Corporate Mugging of America, and It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street. Her latest book is Permanent Distortion: How Financial Markets Abandoned the Real Economy Forever.The idea of “Permanent Distortion” is that when the financial system needs it, it gets the money. And lot of it. And in an uncapped way. And in an unregulated way. And in a non-transparent way. When the real economy needs it, it's years of debate.Nomi PrinsThere's no such thing as, “This bailout didn't cost taxpayers money.” Because…money that goes into the banking system does not go into the real economy. Which means there is a shortfall in the real economy. Which means that money cannot be reallocated into the real economy. Whether that is to build bridges, or hospitals, or to enhance our education system, or help workers. Because it's going somewhere else.Nomi PrinsThere are people that will say, “Well, SVB (the failure of Silicon Valley Bank) has nothing to do with Glass-Steagall,” and that's just simply wrong. Any over-leverage in the banking system that can take down the rest of the banking system— or that can create that sort of lack of confidence, instability, creation of money to save it that doesn't go into the real economy— is a part of that problem.Nomi PrinsThere's a huge propaganda machine. And it's interesting that the destabilization of the real economy comes so frequently from the speculation of the paper economy.Ralph NaderIn Case You Haven't Heard1. In Israel, the planned judicial reform law has sparked nothing less than a popular uprising, with Haaretz reporting that as many as half a million protesters have taken to the streets. Prime Minister Netanyahu is wheeling and dealing like mad to cling to power. Barak Ravid reports that Netanyahu sacked the Minister of Defense after he called for suspending the judicial reform push. Itamar Ben-Gvir, leader of perhaps the most extreme party in the right-wing coalition government, has threatened to quit the coalition if the judicial overhaul is delayed – but may have been appeased by a promise from Netanyahu to make the National Guard answerable directly to Ben-Gvir, per the Jerusalem Post. Axios reports that Jewish Democrats in Congress met with the Israeli Ambassador and warned him that if the bill is pushed through, it will be harder for them “to talk about Israel the same way they used to.”2. A new paper published in the Harvard Environmental Law Review – by David Arkush of Public Citizen and Donald Braman of the George Washington University Law School – posits whether fossil fuel companies should be charged with homicide. The authors argue these corporations “have not simply been lying to the public, they have been killing members of the public at an accelerating rate, and prosecutors should bring that crime to the public's attention.”3. In the wake of the Silicon Valley Bank collapse, Senate Health, Education, Labor, and Pensions Committee Chairman Bernie Sanders has introduced legislation that would bar big bank executives from serving on Federal Reserve Boards. Chairman Sanders said “The Fed has got to become a more democratic institution that is responsive to the needs of working people and the middle class.”4. The Huffington Post reports that Rep. Ilhan Omar has introduced a bill to “Condemn Anti-Muslim Hate.” The bill was crafted to honor the 51 Muslims killed in Christchurch, New Zealand in 2019, and it was introduced on the first day of Ramadan. Omar is quoted saying “We...know that this increase in hate is not isolated to only Muslims. Church bombings, synagogue attacks, and racial hate crimes are also on the rise. In order to confront the evils of religious bigotry and hatred, we must come to understand that all our destinies are linked.”5. An investigation by Morgan Baskin of DCist found that “local developers are buying rent-controlled apartments, clearing out existing tenants, and marketing to housing choice voucher holders” because the DC Housing Authority engages in routine over-payments. In so doing, these developers are “eroding affordable housing.”6. In Brazil, Democracy Now! reports that the Lula government has successfully removed “almost all illegal gold mining operations…from Yanomami Indigenous territory.” Lula campaigned on the promise to remove these mining operations, which have “displaced people, devastated the land and food resources, and contaminated rivers with mercury.”7. Ever have a hard time canceling a subscription or recurring fee online? In a video by More Perfect Union, FTC Chair Lina Khan explained how the agency is taking aim at a pervasive corporate manipulation tactic nicknamed “click to subscribe, call to cancel” in which companies make it easy to sign up for a service, but make it very difficult to cancel it. The new rule – called “click to cancel” – would mandate that (1) it must be as easy to cancel a service as it is to sign up for it and (2) consumers must be able to cancel using the same method they used to sign up.8. From PBS: In Florida, Governor DeSantis is expanding the “Don't Say Gay” censorship law to high-schools. Supporters of this bill had previously insisted that it was only intended to curtail discussions of sensitive topics for young children. This expansion clearly undermines that argument.9. In Chicago, the International Committee of the Democratic Socialists of America hosted Cuban Ambassador Lianys Torres Rivera at the 35th Ward - 8th District Office for a meeting with local elected officials and faith leaders. They discussed the harmful U.S. embargo and strengthening goodwill between the people of Cuba and the United States. This meeting was attended by Cook County Commissioner Anthony J. Quezada and Aldermen Carlos Ramirez-Rosa, Byron Sigcho Lopez, and Rossana Rodriguez.10. From the New York Times: At a chocolate factory in Reading, Pennsylvania, a massive explosion has left at least seven dead and more missing. Activists are calling for a thorough and swift investigation into the factory's owners, the R.M. Palmer Company. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

Nomi Prins is one of the country's leading financial journalists, who has gone from working on Wall Street to exposing the inner workings of the economy and how it is rigged in favor of the powerful. Her books include Other People's Money: The Corporate Mugging of America, Collusion: How Central Bankers Rigged the World, and most recently Permanent Distortion: How Financial Markets Abandoned the Real Economy Forever. Today Nomi joins Nathan to explain how the financial markets and the "real economy" became so disconnected and why the actions of central banks make such a difference to our lives. She also talks about the real causes of inflation and what we need to do to avoid a future of unending economic and political crises. Last week we only released one episode instead of two, so this week we're putting out three to make up for it. 

On today's show Dr Nomi Prins will discuss her latest book, Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever. GUEST OVERVIEW: Dr Nomi Prins is an international economist, investigative journalist, geopolitical financial expert, and outspoken advocate for economic reform. She has published seven books, with her most recent bestseller being Collusion: How Central Bankers Rigged the World.

We now have historically high inflation. With the increased price of both food and fuel, people are having difficulty financing the things they need just to live their basic lives. So, of course, the Fed has stepped up with repeated interest rate hikes. But all that has done is crush growth and create the worst-case scenario for the economy while driving us into an energy market disaster coming as soon as this winter. So, what does the Fed need to do NOW? And when will things get worse? Ph.D. Author Nomi Prins is a Wall Street insider and a leading authority on how the widespread impact of financial systems continues to impact our daily lives. She is the author of the best-seller, Collusion: How Central Bankers Rigged the World, in which she examines how the 2007-2008 financial crisis triggered a massive shift in the global order and the soon-to-be-released Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever. On this episode of The Wiggin Sessions, Nomi joins me to discuss the Fed's inability to regulate the economy and her prediction of a watershed moment coming up this winter that will create a massive energy crisis. Listen in to understand how Nomi's revenge on Wall Street is helping individual investors like us survive and thrive in the next crisis. Key Takeaways What is the Great Distortion between the financial markets and the economy Why the energy crisis is back Nomi walks us through her definition of Enron 2.0 How cheap money is contributing to inflation, fraud, and the coming disaster in the energy markets How the Fed's two-prong approach to fighting inflation and the crisis in the real economy is just making things worse Why the amount of debt we need to run the economy has doubled since the 2008 financial crisis The Fed's role in inflating debt Comparing Japan's debt crisis to where the US is right now How the political 'flipping of the switch in the fossil fuel markets has created a gaping hole in energy and made everything worse Why the energy crisis combined with the forcing of the energy transition and the Fed's incompetence is going to create a watershed moment (possibly this winter) How investors can turn the energy crisis into an opportunity Connect with Nomi Prins Nomi Prins Nomi on LinkedIn Nomi on Twitter Connect with Addison Wiggin Consilience Financial Be sure to follow The Wiggin Sessions on your socials. You can find me on— Facebook @thewigginsessions Instagram @thewigginsessions Twitter @WigginSessions Resources Rogue Economics Distortion Insider Nomi Prins—The Financial Distortion Between the Markets and the Real Economy EP58

We've got war, we've got inflation. We've got food shortages and an impending recession. Many of the things we read about in history books are all happening right now. But what's really going on here? Nomi Prins is a former banker at Goldman Sachs, a Wall Street insider, and a leading authority on how the widespread impact of financial systems continues to impact our daily lives through her decades of analyzing and investigating economic and financial events. She is the author of Collusion: How Central Bankers Rigged the World, in which she examines how the 2007-2008 financial crisis triggered a massive shift in the global order. On this episode of The Wiggin Sessions, Nomi joins me to offer her perspective on what's happening in the inner workings of the Fed, the banks, the financial markets, and the general economy. Listen in to understand what Nomi calls the great financial distortion and how the central banks rigged the world so that money is now replicating itself like a virus. Plus, Nomi shared what Wall Street doesn't want you to know about growing and protecting your wealth during the impending financial Armageddon. Key Takeaways Nomi shares her insight on how larger institutions and investors pivot communication and money toward a crisis like the current energy shortage What happened in the financial crisis of 2008 through quantitative easing Why Wall Street and other financial players like us to stay in the cheap money Nomi shares what's at the heart of what she calls distortion when money replicates itself. Why the permanent distortion—the four and a half trillion-dollar book of assets accumulated during the pandemic—will never be undone Why the Feds delayed, and off-kilter focus got us to where we are, and what needs to happen now How does the slowdown in economic growth in other countries translate into what happens in the US Which sectors will benefit from these games being played by the Fed and the banks Why Nomi thinks you should stay the course with your 401k Where can investors find opportunities now in this distortion cycle Connect with Nomi Prins Nomi Prins Nomi on LinkedIn Nomi on Twitter Connect with Addison Wiggin Consilience Financial Be sure to follow The Wiggin Sessions on your socials. You can find me on— Facebook @thewigginsessions Instagram @thewigginsessions Twitter @WigginSessions Resources Distortion Insider Nomi's Distortion Report on Wiggin Sessions Nomi Prins—The Consummate Wall Street Insider Exposing the Real Money Flow - EP08 Christopher Leonard—Are the Federal Reserve's Interest Rate Increases Too Little, Too Late? EP51

This week Jay welcomes author, geopolitical financial expert, and investigative journalist Nomi Prins to the podcast. Nomi does an excellent job of making complex issues granular and offers valuable insight, not as an external critic, but as someone who's been in the belly of the beast. Nomi discusses the inspiration behind her new book and the epic size of central bank intervention since the financial crisis. She offers insight into the impact and results of collusion, and the increase in anger, division, and unrest in relation to the abundance of money going to one element of society. She also shares how she's positioned herself for the decade ahead from a capital standpoint, as well as the emerging markets she is bullish on.  To get more from Nomi, follow her on Twitter @nomiprins and visit nomiprins.com. Check out Collusion: How Central Bankers Rigged the World anywhere you buy books.  Join our investment community and sign up for our free weekly newsletter at cambridgehouse.com. Keep up with Jay all over social media @jaymartinbc. Be sure to leave a review, rate us 5 stars, and follow the podcast to be notified of new episodes each week. 

Last March, the Fed came in and started buying junk for cash by doing that, it has doubled the amount of artificial money flowing to big banks since 2008. As a result, today’s guest says, the Fed, by criminal standards, is laundering money through the banks.  Nomi Prins is the author of “Collusion: How Central Bankers Rigged the World” and a geopolitical financial expert who says, “You can think of money as a virus, it likes to find an easy host in which it can multiply the fastest such as in financial markets like the stock market.” With the injection of money by the Fed, all of this “extra money” has this artificial effect on the markets. Nomi continues to explain that as the Fed-inflated assets grow relative to real ones, the greater the inequality gap.  Host Kim Kiyosaki and guest Nomi Prins discuss what the post-pandemic market will look like and how you can prepare for what’s ahead. Find out more information about Nomi Prins publication “Rapid Growth Opportunities”:  https://paradigm-reports.info/Nomi-Prins-Rapid-Growth Learn more about your ad choices. Visit megaphone.fm/adchoices

The Fed appears to have gone full-on MMT, spending like there's no tomorrow. But who benefits most from the trillion-dollar government stimulus? What sectors is the administration likely to invest in as we reopen the economy? And how can individual investors leverage these insights to make informed decisions moving forward? Nomi Prins is a geopolitical financial expert, investigative journalist and consummate Wall Street Insider. Her latest book, Collusion: How Central Bankers Rigged the World, is an expose of the 2008 financial crisis that describes how the influence of central bankers triggered a massive shift in the world order. On this episode of The Wiggin Sessions, Nomi joins me to explore what the federal government gets right and what it gets wrong when it comes to subsidizing business in a crisis, sharing her take on the advantages of public-private partnerships and the problem she sees with a single, large stimulus relief package. Nomi discusses what the reopening of the economy will look like and describes what infrastructure is necessary to accommodate our migration out of urban centers. Listen in for Nomi's breakdown of the five key areas of investment moving forward and learn how you can take advantage of these trends to be a winner in the post-pandemic economy. Key Takeaways What behaviors will stay in place as the economy reopens and how the rise of remote work might impact retail investors Nomi's insight on the infrastructure necessary to accommodate our new behaviors How Nomi thinks about the migration out of cities and whether urban centers will come back Nomi's take on who the winners and losers will be as the economy reopens What the federal government gets right and what it gets wrong when it comes to subsidizing business in a crisis The advantages of public-private partnerships on infrastructure projects Why the US needs a cohesive infrastructure plan to compete with China (and why it's unlikely to happen in the current political climate) Nomi's response to people who categorically dismiss government investment The problem Nomi sees with a single, large stimulus relief package vs. separate bills that direct money to specific goals Nomi's breakdown of the five key areas of investment in a post-COVID economy—infrastructure, copper, travel/entertainment, 5G and energy. How individual investors might take advantage of the trends around copper and 5G Why it's beneficial for US investors to pay attention to trends in Asia as we make decisions moving forward Connect with Nomi Prins Collusion: How Central Bankers Rigged the World by Nomi Prins Connect with Addison Wiggin Consilience Financial Be sure to follow The Wiggin Sessions on your socials. You can find me on— Facebook @thewigginsessions Instagram @thewigginsessions Twitter @WigginSessions Resources The New Great Depression: Winners and Losers in a Post-Pandemic World by James Rickards Frankenstein by Mary Shelley Change Healthcare The Blacklist Wynn Las Vegas Virgin Hyperloop

In this final episode of 2020, we decided to do a retrospective episode about the best recently published books we had read this year. I am joined by Jamin Hübner, a friend, scholar, and voracious reader who has regularly writes book reviews for Faith & Economics. Over the course of our conversation, we take turns recommending books and talking about the big ideas in them. We cover over a dozen books in the hour, and all the titles are available here in the show notes. I wanted to have this conversation with Jamin for a number of reasons, one of which is that he is an accomplished book reviewer. Despite his young age, he has written over 70 published book reviews. Perhaps more importantly, he comes from a different ideological position than I do, and reads different books. You will see in our conversation, sometimes he sounds like a libertarian and sometimes he sounds like a socialist, and his book choices reflect his decision to research socialism and historic social democratic movements. Jamin's background is interesting too. He has graduate degrees in Religion, Theology and applied economics, he has written multiple books, and has been, among other things, a professor of Christian studies, business, and economics, and the founding editor of the Christian Libertarian Review. Today he is a Research Fellow at the Center for Faith and Human Flourishing at LCC international university and is teaching at the University of the People and at Western Dakota Technical Institute. Our list of books was too long to include all the links. A list with Amazon links can be found here. (http://christianeconomists.org/2020/12/31/end-of-the-year-book-recommendations-with-jamin-hubner/) McMullen Picks: Mary Hirschfeld, Aquinas and the Market: Toward a Humane Economy Ezra Klein, Why We're Polarized T.M. Scanlon, Why Does Inequality Matter? Michael Tanner, The Inclusive Economy: How to Bring Wealth to America's Poor Heather Boushey, Unbound: How Inequality Constricts our Economy and What we Can Do about It Jonathan Rothwell, Republic of Equals: A Manifesto for a Just Society David Smith, Kara Sevensma, Marjorie Terpstra and Steven McMullen, Digital Life Together: The Challenge of Technology for Christian Schools Brandon Sanderson, The Stormlight Archives Hübner Picks: Nomi Prins, Collusion: How Central Bankers Rigged the World Yanis Varoufakis, Talking to My Daughter About the Economy, or, How Capitalism Works and How it Fails Jeremy Courtney, Love Anyway: An Invitation Beyond a World that's Scary as Hell Marjorie Kelly and Ted Howard, The Making of a Democratic Economy Gary Dorrien, Social Democracy in the Making: Political and Religious Roots of European Socialism Richard Wolff, Understanding Socialism Joseph Blasi et. al., The Citizen's Share: Reducing Inequality in the 21st Century Kristin Kobes Du Mez, Jesus and John Wayne: How White Evangelicals Corrupted a Faith and Fractured a Nation John Restakis, Humanizing the Economy: Co-operatives in the Age of Capital --- Support this podcast: https://anchor.fm/faithfuleconomy/support

Every Saturday starting at 1 PM ET, Ana Kasparian and Michael Brooks broadcast live from the Jacobin YouTube channel. On this episode, Michael is on break and Nando Vila is filling in. Ana and Nando speak with Nomi Prins, Journalist and author of Collusion: How Central Bankers Rigged the World. Weekends on YouTube https://www.youtube.com/playlist?list=PLxlNhP2f0kULVe45TbPaF-uLuMQYMJcLk Brooks on Twitter https://twitter.com/_michaelbrooks Kasparian on Twitter https://twitter.com/AnaKasparian

25 Cent Trader Summit With Nomi Prins - https://londonreal.link/nomi25d   Watch the full episode for free here: https://londonreal.link/Nomi   Nomi Prins is the former Wall Street banker turned investigative journalist, financial expert, and speaker.   She has worked at some of the most powerful banks on Wall Street including Goldman Sachs, Lehman Brothers and Bear Stearns.   Nomi has been a television commentator for the BBC, CNN and CNBC, and her work as an investigative journalist has been featured in The New York Times, Forbes, and Fortune magazine.   She is also a best-selling author with her latest book “Collusion: How Central Bankers Rigged the World” shedding light on the dark conspiracies between private and public banking.   NOMI PRINS:   Twitter: https://twitter.com/nomiprins   Website: https://www.nomiprins.com/  

25 Cent Trader Summit With Nomi Prins - https://londonreal.link/nomi25d   Watch the full episode for free here: https://londonreal.link/Nomi   Nomi Prins is the former Wall Street banker turned investigative journalist, financial expert, and speaker.   She has worked at some of the most powerful banks on Wall Street including Goldman Sachs, Lehman Brothers and Bear Stearns.   Nomi has been a television commentator for the BBC, CNN and CNBC, and her work as an investigative journalist has been featured in The New York Times, Forbes, and Fortune magazine.   She is also a best-selling author with her latest book “Collusion: How Central Bankers Rigged the World” shedding light on the dark conspiracies between private and public banking.   NOMI PRINS:   Twitter: https://twitter.com/nomiprins   Website: https://www.nomiprins.com/  

The Federal Reserve system: Most Americans know it's important but most Americans don't know exactly what it is. In this episode, discover the controversial and disturbing history of the Federal Reserve and learn how it has allowed bankers and politicians to create money out of nothing, taking value out of your bank accounts for over 100 years.    Please Support Congressional Dish – Quick Links Click here to contribute monthly or a lump sum via PayPal Click here to support Congressional Dish for each episode via Patreon Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media!   Recommended Congressional Dish Episodes CD191: The Democracies of Elliott Abrams CD174: The Bank Lobbyist Act CD167: Combatting Russia (NDAA 2018) CD102: The World Trade Organization CD Team Members Only (Patreon): Inside CSPAN Books The Creature from Jekyll Island by G. Edward Griffin September 2010 Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America Booth by Danielle DiMartino February 2017 Collusion: How Central Bankers Rigged the World by Nomi Prins 2018 Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud by David Dayen May 2016 Articles/Documents Article: The Fed May Have Just Extended The Bull Market by Nancy Tengler, USA Today, September 19, 2019. Article: The Fed Is Trapped in the Twilight Zone by Mark Gongloff, Bloomberg Opinion, September 19, 2019. Article: Fed Cuts Interest Rates To Prop Up The slowing Economy by Scott Horsley, NPR, September 18, 2019. Article: Powell Stresses Solid U.S. Outlook After Fed Cuts Rates Again by By Craig Torres and Rich Miller, Bloomberg, September 18, 2019. Article: Fed’s First-in-a-Decade Intervention Will Be Repeated Wednesday by Liz McCormick and Alex Harris, Bloomberg, September 17, 2019. Article: 5 facts about the national debt by Drew Disilver, Pew Reserach Center, July 24, 2019. Article: Does Trump Have the Legal Authority to Demote the Federal Reserve Chairman? by Charlie Savage, The Washington Post, June 20, 2019. Article: Taxing Empty Apartments Could Ease the Housing Crisis by Adele Peters, Fast Company, February 12, 2019. Article: Elizabeth Warren Was Right, New Law is Already Making Banks Bigger The Intercept, by David Dayen, February 8, 2019. Article: Oakland's vacant-property tax takes effect, sparking hope - and alarm by Kathleen Pender, San Francisco Chronicle, January 26, 2019. Article: Steve Mnuchin Is a Dunce by Rebecca Burns and David Dayen, The Intercept, January 1, 2019. Article: Does Trump get one thing right about the Fed? by Andrew Van Dam, Washington Post, November 29, 2018. Info booklet: I Bet You Thought By David H. Friedman, Federal Reserve Bank of New York, December 27, 2018 Press Release: Federal Reserve Board invites public comment on framework that would more closely match regulations for large banking organizations with their risk profiles, Board of Governors at the Federal Reserve Board, October 31, 2018. Article: Vacancy: America's Other Housing Crisis by Richard Florida, CityLab, July 27, 2018. Article: The Richest 10% of Americans Now Own 84% of All Stocks by Rob Wile, CNN Money, December 19, 2017. Article: Who Is Jerome Powell: Trump’s Pick for Fed Chairman by Binyamin Appelbaum and Kevin Granville, New York Times, Nov. 2, 2017. Article: Donald Trump Expected to Pick Shadow Banker for Key Position at the Fed by David Dayen, The Intercept, April 19, 2017. Article: The End Is in Sight for the U.S. Foreclosure Crisis by William R. Emmons, St. Louis Federal Reserve, December 2, 2016 Article: Food Price Inflation Since 1913 by Tim McMahon, InflationData.com, March 21, 2013. Article: Hedge Funds Draw Concerns, Reuters and Bloomberg News, July 26, 2006. Article: Banker Joins Dillon, Read, New York Times, February 17, 1995. Article: With NAFTA, US Finally Creates a New World Order by Henry Kissinger, Los Angeles Times, July 18, 1993. Article: The Owens Bill as a Measure of Inflation, New York Times, December 13, 1913 Article: Putting Government Into the Banking Business, New York Times, June 17, 1913 Resources Congressional Budget Office: Taxes Council on Foriegn Relations: Membership Council on Foreign Relations: Membership roster Council on Foreign Relations: Corporate Membership Council on Foreign Relations: Corporate Membership informational brochure Federal Reserve: Monetary Policy Federal Reserve Board of Governors: Board Members Federal Reserve FAQ: Is it legal for a business in the United States to refuse cash as a form of payment? Federal Reserve History: The Meeting at Jekyll Island Federal Reserve History: Monetary Control Act of 1980 Investopedia: Monetary Control Act of 1980 Treasury Direct: Historical Debt Outstanding - Annual 1900 - 1949 Treasury Direct: Historical Debt Outstanding - Annual 2000 - 2018 Treasury Direct: Interest Expense on the Debt Outstanding U.S. Global Investors: The Many Uses of Gold Sound Clip Sources Press Conference aired on CNBC: Powell on Trump: ‘The law is clear that I have a four-year term, and I fully intend to serve it’ June 19, 2019 Reporter: Clarify what you would do if the president tweets or calls you to say he would like to demote you as fed chair? Jerome Powell: I think the law is clear that I have a four year term and I I fully intend to serve it. Tweet: Kyle Dunnigan, #LeavingNevreland March 6, 2019 Fox News Interview with President Donald Trump October 16, 2019 President Donald Trump: Give me zero interest rates right now and you take a look at our numbers. It'd be the greatest economy in the history of the world. Nobody would be able to compete with it. President Donald Trump: And I fully get the whole thing, the Federal Reserve, I get it as well as any president who's ever been here. I get it really well. Joe Biden Speaks that Council on Foreign Relations January 23, 2018 Joe Biden: I’ll give you one concrete example. I was—not I, it just happened to be that was the assignment I got. I got all the good ones. And so I got Ukraine. And I remember going over, convincing our team and our leaders, convincing them that we should be providing for loan guarantees. And I went over, I guess, the 12th, 13th time to Kiev. I was supposed to announce that there was another billion-dollar loan guarantee. And I had gotten a commitment from Poroshenko and from Yatsenyuk that they would take action against the state prosecutor, and they didn’t. So they said they were walking out to a press conference. I said, nah, I’m not going to—or, we’re not going to give you the billion dollars. They said, you have no authority. You’re not the president. The president said—I said, call him. (Laughter.) I said, I’m telling you, you’re not getting the billion dollars. I said, you’re not getting the billion. I’m going to be leaving here in, I think it was about six hours. I looked at them and said: I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money. Well, son of a bitch. (Laughter) He got fired. And they put in place someone who was solid at the time. Hillary Clinton Speaking at the Council on Foreign Relations November 2015 Watch on C-SPAN Hillary Clinton: So we need to move simultaneously toward a political solution to the civil war that paves the way for a new government with new leadership and to encourage more Syrians to take on ISIS as well. To support them, we should immediately deploy the Special Operations Force President Obama has already authorized, and be prepared to deploy more, as more Syrians get into the fight. We should retool and ramp up our efforts to support and equip viable Syrian opposition units. Our increased support should go hand in hand with increased support from our Arab and European partners, including Special Forces who can contribute to the fight on the ground. We should also work with the coalition and the neighbors to impose no-fly zones that will stop Assad from slaughtering civilians and the opposition from the air. Opposition Forces on the ground, with material support from the coalition, could then help create safe areas for them from the country instead of fleeing toward Europe. Ron Paul speech at the Campaign for Liberty: End the Fed September 18, 2009 Ron Paul: But, there's a moral argument, against the, the Federal Reserve because, we're giving power to a few individuals to create money out of thin air and have, have legal tender laws that says, you must use the paper money. You can't use gold as the constitution tells you you should, but you must use, paper money. And then that gives the central bank the Authority to counterfeit money, and always for good reasons, of course, to maintain a stable economy. Ron Paul: The mandate and the Federal Reserve Act for the Federal Reserve was to maintain the value of the dollar and to have full employment, and maintaining the value of the dollar means stable prices. Well, they fail. They flown, they get an AF. They're destroying the value of the dollar. And we have perpetual increases in cost of living and they say, oh no, it's not all bad inflation. We're only destroying the money at 2% per year. But it's a lot worse than that. But 2% it's evil too. You know, under sun money, your value of your money goes up, costs go down, cost of living goes down and you get more. And that's how we become more prosperous. But they have totally failed in maintaining the value of the dollar, giving us stable prices. Nobody wants to talk about the inflation in Eh, in a medical care. Yes, pricing. People are unhappy because they can't afford it or they can't afford it because their dollar doesn't buy as much. You say, oh no, we don't have inflation. The government says the CPIS only going up 1% - 2%. But the cost of medicine goes up much more rampantly. But, when you create new money, the cost goes up differently for different areas. If everybody's wages went up at the same rate as the money supply would go up, and everybody's cost would go up the same, it would be irrelevant. But it doesn't work that way. Your wages and your income never keep up and certain prices go up faster than others. Some people suffer more than people who get to use the money. First benefit. The people who get the money, use the money last, the average person in the middle class, they use the money and they get stuck. If you're in retirement, you might suffer more than others. But you know, they come up with these figures and they say, oh, prices went up 2% last month. But if you exclude for food and energy, they only went up a half a percent. So it wasn't so bad. But for some people, food and energy crisis go up and it means a whole lot. Ron Paul: And there was a time, you know, the Federal Reserve was required to have gold behind the expansion of money. So they were restrained and as bad as they were in inviting problems, they still had some restraint up until 1971. But even though the Federal Reserve Act gave the power to the Fed to buy corporate debt, they really never did that until just recently. It used to be gold and silver that they used as reserve. And then after 1971, they just used treasury bills, which was bad, but still there was some restraint on that, that depended on the amount of debt that we had. But of course, that gave license to the congress to run up unlimited amount of debt. But today what backs our dollar is derivatives. All the worthless access, the toxic access assets that we were required to buy are now held by the Fed. And we don't know exactly how much and what they have bought. And that, of course, is why we're arguing for the case of auditing the Fed. Ron Paul: The other associations that I talk about in the book are the associations with the Federal Reserve Board chairman. I've had a few of those. And a matter of fact, just for a month or so, when I first went into Congress, Berns was still the chairman. I didn't really get to know him and it was such a short period and he was in poor health. But the one that I got to know the best in our years was Paul Volcker. And, I gave him a little bit of a plus as far as the various members, various chairman that I've met because, he seemed to be more willing to discuss things on a one to one basis. Actually there was one time when we were working on the monetary control act in the early 1980s, which gave a lot more power, regulatory powers, to the Federal Reserve and to monetize debt. And I was arguing one case in the committee, that it was a dangerous thing because the Federal Reserve was given too much power to inflate endlessly and didn't have to have any reserves whatsoever and could take interest rates down to zero or whatever. And, he was disagreeing with me and he says, look, what I'd like you to do is come over and have breakfast with me. And, that wouldn't happen with Bernanke or Greenspan. They didn't do that. So I did. I went over to the Federal Reserve and we had the discussion. He tried to, you know, convince me differently, but I felt like I won the argument with them because as I was leaving, he says, yes, you may be right about this, but he himself, that I may be right on the interpretation of the legislation, but he himself would not inflate. He wants this so that he has the power to restrain monetary authorities rather than to expand monetary powers. But it turns out that yes, I said, you might not want to use these powers to rapidly expand the money supply, but someday somebody else might want to do it. And of course, I make the comment, I think that some day is right here when you see what Bernanke did, you know, within a few months, doubling the monetary base. So, his authority was getting granted back at that time. Ron Paul: He wants to know what a sound currency would look like. I think you could probably go to the period of time in the 19th century when they had sound money and gold coins circulated and certificates should circulate and could circulate. It's the trust factor that would have to be there and you could still have electronic money and whatever. People could measure the value of the currency by something that should always be convertible. You should have a gold coin standard, and that is that you don't have to carry the coins around, but if the government is guaranteeing - which they are supposed to be doing - guaranteeing that any certificate would be convertible into coin, and that's better than a --- standard, that means that if you have $5,000 and you're getting worried about the government, you get to vote against the government saying, look, I want my gold coins in my pocket. And then they then would have to give you the gold coins. Ron Paul: It's a sinister tax is what it really is. Governments: There's enough of a coalition together that wants to see government grow. Whether it's for the welfare reasons here at home, or if it's for the ideas of promoting our goodness around the world. It has nothing to do with protecting oil or anything else, but we need a military presence around the world. But if you had honest money and governments couldn't counterfeit, these ideas would still float around, but they would be forced to pay for it immediately. If we could ever get this whole notion that you shouldn't even allow the government to borrow, and they would have to tax us directly and say, look, if you want to do A, B, and C, we're going to take money from you and we're going to pay for it. This would slow things up. But there's a convenience for those who want big government to have the tax be an inflation tax. That is to vote for all the welfare programs. Vote for all the warfare programs. Don't be a responsible for this, morally responsible or economically responsible. Just pass the programs. And if you find your coalitions, you get reelected. And this is work to, you know, running as Santa Claus is a lot better than running against Santa Claus. And that's been done for many, many years. But that's coming to an end. That's why there's a difference right now because this system is in the process of failing. Hearing: The Federal Budget and the Economy March 3, 2009 Senate Budget Committee Witness Ben Bernanke - Chairman of the Federal Reserve 58:00 Sen. Bernie Sanders (VT): I wrote you a letter and I said, hey, who'd you lend the money to? What were the terms of those loans? How can my constituents in Vermont get some of that money? Who makes the decisions? Do you guys sit around in a room? Do you make it? Are there conflicts of interest? So my question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars? Will you tell us who got that money and what the terms are of those agreements? Ben Bernanke: We explain each of our programs. In terms of the terms, we explained the terms exactly. We explained what the collateral requirements are. We explained… Sen. Bernie Sanders (VT): To whom did you explain that? Ben Bernanke: It's on our website. Sen. Bernie Sanders (VT): Yeah. Okay. Ben Bernanke: So all that information is available in our commercial paper... Sen. Bernie Sanders (VT): And who got the money? Ben Bernanke: Hundreds and hundreds of banks. Any bank or that has access to the U.S. Federal Reserve's discount... Sen. Bernie Sanders (VT): Can you tell us who they are? Ben Bernanke: No, because the reason that is counterproductive and will destroy the value of the program is that banks will not come to the… Sen. Bernie Sanders (VT): Isn't that too bad? Ben Bernanke: Sorry. Sen. Bernie Sanders (VT): In other words, isn't that too bad? They took the money, but they don't want to be public about the fact that they received it.     Cover Art Design by Only Child Imaginations ______________________________________________________ Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)  

This week we talk about the way central banks steer world development and for whom. Former Goldman Sachs manager Nomi Prins, author of Collusion: How Central Bankers Rigged the World and public ownership researcher Thomas Hanna of The Democracy Collaborative believe that banking, and development, could be very different. We're Storming the Federal Reserve this week on the LF Show. Music Featured: "You & Me" written and performed by Danny McGaw. Companion song to Nomi Prins' new book released on May 1, 2018 'Collusion-How Central Bankers Rigged the World' Become a Patron at Patreon. That's also where you'll find research materials related to this episode along with links and more on our guests.

As the World Economic Forum takes place in Davos, Switzerland, we talk about the way central banks steer world development and for whom. Former Goldman Sachs managing director Nomi Prins, author of "Collusion: How Central Bankers Rigged the World," and public ownership researcher, Thomas Hanna, author of “Our Common Wealth: The Return of Public Ownership in the United States,” and Research Director at The Democracy Collaborative, believe that banking, and development, could be very different. Music featured: “You & Me” by Danny McGraw. Support theLFShow!

This month is the ten year anniversary of the stock market crash of 2018. Nomi Prins talks about her new book, “Collusion: How Central Bankers Rigged the World.” And, Julianne Malveaux explains how the crash has continued to devastate people of color, especially black people.

This month is the ten year anniversary of the stock market crash of 2018. Nomi Prins talks about her new book, “Collusion: How Central Bankers Rigged the World.” And, Julianne Malveaux explains how the crash has continued to devastate people of color, especially black people.

Air Date: 9/25/2018 Today we take a look at where we stand, now ten years on from the beginning of the Great Recession in 2008. Inequality has spiked, the banks are more profitable than ever and not a single banker went to jail for fraud. Now we must look ahead to how we can better manage the next inevitable crash. Be part of the show! Leave a message at 202-999-3991   Episode Sponsors: Pipeline Film | Bambas | SwingLeft   Amazon USA | Amazon CA | Amazon UK | Clean Choice Energy   Get AD FREE Shows & Bonus Content: Support Best of the Left on Patreon!   SHOW NOTES Ch. 1: As the banks crashed, inequality spiked - Angie Coiro hosting the Bradcast from @TheBradBlog - Air Date 9-17-18 Angie Coiro reading quotes from insiders from Lehman Brothers on the risks being taken before the crash and noting the spike in inequality in its wake. Ch. 2: Nomi Prins on the fallout of the bank bailouts - @ThisIsHellRadio - Air Date 5-8-18 Journalist Nomi Prins explains how central banks bought world power in an age of global crisis. Nomi is author of “Collusion: How Central Bankers Rigged the World” from Nation Books. Ch. 3: Rethinking economic indicators to improve our understanding - The Brian Lehrer Show - Air Date 9-17-18 New York Times columnist David Leonhardt argues that the financial crisis is not over, despite what standard economic measurements show, and points to alternative ways to measure GDP. Ch. 4: Harold Meyerson on why the recovery continued the disaster - Start Making Sense from @TheNation - Air Date 9-19-18 On the 10th anniversary of the financial crisis, Harold Meyerson argues that the recovery was a disaster all over again—and that we are still suffering from its political consequences. Harold is Executive Editor of The American Prospect. Ch. 5: F-Word: 10 Years On, The End of Capitalism is Easier to Imagine - @theLFshow w: @GRITlaura Flanders - Air Date 9-21-18 Not long after the financial crash of 2008, I heard someone say, “It’s easier to imagine the end of the world than the end of capitalism.” Is it? Ch. 6: The Left Must Get Ready to Seize the Next Financial Crisis - @TheRealNews - Air Date 7-22-18 Thomas Hanna: When the next global financial crisis hits, we need to be prepared to nationalize the banks and create a public banking sector, which will not only be a way out of the crisis but will also help prevent future crises. Ch. 7: Jesse Eisinger on why the Chickensh*t club doesn't prosecute bankers - @RalphNader Radio Hour - Air Date 3-3-18 Ever wonder why no bankers went to jail after the 2008 financial crisis? Investigative journalist, Jesse Eisinger, tells us why in his book, “The Chicken Shit Club.” Ch. 8: Why aren't more dishonest bankers in jail? - The Inquiry - Air Date 7-4-16 If you could find a way to nudge bankers towards better and safer choices, building a culture of integrity, you might avoid future financial trouble. But can you make bankers behave better?   VOICEMAILS Ch. 9: Further clarification on social democracy - Jeff from New York   Ch. 10: Final comments on the definitions of Democratic Socialism, social ownership and the future of cooperative ownership   THE MIDTERMS MINUTE  See previous battleground race spotlights and get the entire lay of the land at "The Midterms Minute H.Q." New battlegrounds spotlight coming next episode!  Written by BOTL Communications Director Amanda Hoffman    MUSIC: Opening Theme: Loving Acoustic Instrumental by John Douglas Orr  Denzel Sprak - CloudCover (Blue Dot Sessions) Interlude - The Nocturne (Blue Dot Sessions) Sunday Lights - Onesuch Village (Blue Dot Sessions) Open Flames - Aeronaut (Blue Dot Sessions) Tar and Spackle - Plaster (Blue Dot Sessions) Glass Beads - The Balloonist (Blue Dot Sessions) Heather - Migration (Blue Dot Sessions) Voicemail Music: Low Key Lost Feeling Electro by Alex Stinnent Closing Music: Upbeat Laid Back Indie Rock by Alex Stinnent   Produced by Jay! Tomlinson Thanks for listening! Visit us at BestOfTheLeft.com Support the show via Patreon Listen on iTunes | Stitcher| Spotify| Alexa Devices| +more Check out the BotL iOS/Android App in the App Stores! Follow at Twitter.com/BestOfTheLeft Like at Facebook.com/BestOfTheLeft Contact me directly at Jay@BestOfTheLeft.com Review the show on iTunes and Stitcher!

Chris Grisanti, Grisanti Capital Management CEO, predicts if Democrats take the house at midterms, it will not upset the markets. Jim O'Sullivan, High Frequency Chief U.S. Economist, recaps Friday's jobs numbers. Mary Lovely, Peterson Institute for International Economics Senior Fellow & Syracuse University Professor, has her eye on market growth in Asia. And Nomi Prins, Author of "Collusion: How Central Bankers Rigged the World", says the dollar tends to be the recipient in the Great Unwind. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Chris Grisanti, Grisanti Capital Management CEO, predicts if Democrats take the house at midterms, it will not upset the markets. Jim O'Sullivan, High Frequency Chief U.S. Economist, recaps Friday's jobs numbers. Mary Lovely, Peterson Institute for International Economics Senior Fellow & Syracuse University Professor, has her eye on market growth in Asia. And Nomi Prins, Author of "Collusion: How Central Bankers Rigged the World", says the dollar tends to be the recipient in the Great Unwind.