Nomi Prins

Podcast

Nomi Prins: Collusion!

How central bankers rigged the world
Tuesday, May 8, 2018, 4:19 PM

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 of the masses since 2008, either directly or indirectly through the loss of purchasing power of the currencies they control. » Read more

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Off the Cuff: The Fed Is Scared

Nomi Prins provides first-hand evidence
Saturday, November 28, 2015, 4:38 PM

In this week's Off The Cuff podcast, Chris and Nomi Prins discuss:

  • Rumor-Driven Markets
    • All that matters now is what folks think the central banks will do
  • The Fed Is Scared
    • Out of ideas and increasingly out of options
  • The Trump Card
    • The weakening economy will eventually trump delusional markets
  • Anxiety Builds
    • Lots of signs that those in the game want to get out

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today. » Read more

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Trouble South Of The Border

Mexico's vulnerabilities pose a huge risk to the U.S.
Thursday, August 27, 2015, 12:02 AM

Too big to fail is a seven-year phenomenon created by the most powerful central banks to bolster the largest, most politically connected US or European banks. More than that, it’s a global concern predicated on that handful of private banks controlling too much market share and elite central banks infusing them with boatloads of cheap capital and other aid. Synthetic bank and market subsidization disguised as ‘monetary policy’ has spawned artificial asset and debt bubbles - everywhere. » Read more

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Is Mexico The Next Greece?

The risk factors investors should watch most closely
Thursday, August 27, 2015, 12:02 AM

Executive Summary

  • The biggest Mexico risk factors investors need to watch
    • Remittance risk
    • Currency risk
    • Capital flight risk
    • Oil price risk
    • Debt risk
  • What Mexico must prioritize going forward to secure its future

If you have not yet read Part 1: Trouble South Of The Border available free to all readers, please click here to read it first.

Republican presidential candidate, Donald Trump has nabbed many a headline with his disparaging remarks on how Mexico is sending ‘bad’ Mexicans over the border to ostensibly steal US jobs and sell drugs. He has called US leaders ‘stupid’ for letting this happen. The truth of the US-Mexico economic relationship is entirely different.

According to Pew Research, between 2005 and 2010, 1.4 million immigrants moved back to Mexico from the US, 90 percent of them voluntarily.  The total amount of 11.3 million unauthorized immigrants to the US has remained stable, not increased, over the past five years, having risen from about 3.5 million in 1990 to a peak of 12.2 million in 2007. The figure dropped between 2007-09, mainly due to a decrease in immigration from Mexico. Since 2009, an average of about 350,000 new unauthorized immigrants have entered the US annually, of which less than a third are from Mexico, compared to one half before the financial crisis of 2008. (Source)

There are other misunderstandings about the economic and financial relationship between the US and Mexico that transcend raising constituent anger about faux population movements. There is the matter of... » Read more

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Off The Cuff: The Ghosts Of 2008 Have Returned To Haunt Us

Not only are the same risks still here, they're bigger
Thursday, July 9, 2015, 4:18 PM

In this week's Off The Cuff podcast, Chris and Nomi Prins discuss:

  • The Ghosts Of 2008
    • Are suddenly returning en masse to haunt us
  • Growing Central Bank Insecurity
    • Beginning to realize that they've cornered themselves
  • The War On Cash
    • Central planners continue to tighten restrictions
  • No Solutions For The Status Quo
    • A massive reset is the best we can hope for

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today. » Read more

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Off the Cuff: It Takes A Pillage

How financial system fraud has worsened post-2008
Thursday, May 21, 2015, 4:21 PM

In this week's Off the Cuff podcast, Chris and Nomi Prins discuss:

  • It Takes A Pillage
    • How Wall St fraud has only worsened since 2008
  • Moral Hazard
    • Central banks are enabling the bad actors
  • The War On Cash
    • What the implications of ZIRP and NIRP are
  • Get Ready For Volatility To Return
    • Market gyrations from here are baked in the cake
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4 Factors Signaling Volatility Will Return With A Vengeance

Buckle up. It's going to get bumpy.
Wednesday, May 20, 2015, 9:43 AM

No one could have predicted the sheer scope of global monetary policy bolstering the private banking and trading system. Yet, here we were - ensconced in the seventh year of capital markets being buoyed by coordinated government and central bank strategies. It’s Keynesianism for Wall Street.

The unprecedented nature of this international effort has provided an illusion of stability, albeit reliant on artificial stimulus to the private sector in the form of cheap money, tempered currency rates (except the dollar - so far) and multi-trillion dollar bond buying programs. It is the most expensive, blatant aid for major financial players ever conceived and executed. But the facade is fading. Even those sustaining this madness, like the IMF, are issuing warnings about increasing volatility. » Read more

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Navigating Safely In The Coming Era Of Volatility

To avoid them, you have to first understand all the risks
Wednesday, May 20, 2015, 9:42 AM

Executive Summary

  • Central planners are showing increasing signs of insecurity in their ability to maintain control
  • Credit default risk is on the rise
  • So are geo-political and economic risks
  • Manipulation continues to muddy price discovery
  • Crime & fraud have rotted the core our financial system
  • How to tread carefully in these markets

If you have not yet read Part 1: 4 Factors Signaling Volatility Will Return With A Vengeance available free to all readers, please click here to read it first.

When stock markets keep racking up records, it’s hard to imagine steep downturns.  Yet that’s precisely when caution is required, particularly when volatility is rising and risk factors are not subsiding.  What I’m about to say is not to scare, but to help prepare, you.

Recall that two years after achieving a then historic high on October 9, 2007 of 14,164.53, the Dow plunged by more than half to a March 2009 12-year low of 6,547. The value of US stocks dropped from $22 trillion to $9 trillion. Why? Because of a confluence of risk-laden events pelting people and markets. From the housing market drop, to the failure of Bear Stearns and Lehman Brothers, to the unraveling of CDOs, to the obscene amounts of leverage and fraud everywhere, volatility escalated and liquidity and confidence dove. Banks entered self-defense mode, turning to governments and central banks for lifelines.

The fix of subsidized private banking was in. It still is - seven years later. There’s nothing comforting about that. It took another five years, until March 5, 2013 for the Dow to top 2007 levels. If you’re an individual, say with a pension or college tuition to pay, you’ve got to have an iron stomach to deal with that kind of chaos. You’re going to want to protect your money from the possibility of a next time. Now is a good time to start.

Today’s markets have not bubbled on organic or sustainable growth, they have been propped up by unprecedented, globally coordinated central bank policies that flooded the financial system with cheap money and like a giant financial vacuum cleaner hoovered up debt securities from big banks through massive (QE) easing programs.

Market volatility, though low compared to 2008 days, has nonetheless been inching up. It will continue increasing due to... » Read more

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Nomi Prins: The Sinister Evolution Of Our Modern Banking System

Because we're all about those banks, 'bout those banks...
Saturday, January 31, 2015, 11:06 PM

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. 

In this well-detailed interview, Nomi Prins 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. » Read more