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 power shift from the West to the East. And she illustrates how the European response to the financial crisis fueled instability that manifests itself in everything from rising populism to the shocking Brexit vote.
Packed with tantalizing details about the elite players orchestrating the world economy--from Janet Yellen and Mario Draghi to Ben Bernanke and Christine Lagarde--Collusion takes the reader inside the most discreet conversations at exclusive retreats like Jackson Hole and Davos. A work of meticulous reporting and bracing analysis, Collusion will change the way we understand the new world of international finance.
**
Review
This unflinching, troubling expose from Prins, a journalist and former banker at Lehman Brothers, forecasts impending doom for the global economy-all at the hands of central bankers....The book's most chilling section consists of Prins' predictions of what awaits a world economy threatened by rising income inequality and an elite class bent on preserving its dominance: a bigger collapse than the 2008 crisis. This dense though lively treatise is not for the faint of heart, but it's well worth a close read by anyone looking to understand the roots of the last crash and prepare for the next.
-- "Publishers Weekly"
About the Author
Nomi Prins is a journalist, speaker, respected TV and radio commentator, and former Wall Street executive. The author of several books, including All the Presidents' Bankers, Other People's Money, and It Takes a Pillage, her writing has been featured in the New York Times, Fortune, Mother Jones, Guardian, and Nation, among others. She is a senior fellow at Demos, was a member of Senator Bernie Sanders' Federal Reserve Reform Advisory Council, is listed as one of America's TopWonks, and is on the advisory board of the whistle-blowing organization ExposeFacts.
Description:
In this searing exposé, 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 power shift from the West to the East. And she illustrates how the European response to the financial crisis fueled instability that manifests itself in everything from rising populism to the shocking Brexit vote.
Packed with tantalizing details about the elite players orchestrating the world economy--from Janet Yellen and Mario Draghi to Ben Bernanke and Christine Lagarde--Collusion takes the reader inside the most discreet conversations at exclusive retreats like Jackson Hole and Davos. A work of meticulous reporting and bracing analysis, Collusion will change the way we understand the new world of international finance.
**
Review
This unflinching, troubling expose from Prins, a journalist and former banker at Lehman Brothers, forecasts impending doom for the global economy-all at the hands of central bankers....The book's most chilling section consists of Prins' predictions of what awaits a world economy threatened by rising income inequality and an elite class bent on preserving its dominance: a bigger collapse than the 2008 crisis. This dense though lively treatise is not for the faint of heart, but it's well worth a close read by anyone looking to understand the roots of the last crash and prepare for the next.
-- "Publishers Weekly"
About the Author
Nomi Prins is a journalist, speaker, respected TV and radio commentator, and former Wall Street executive. The author of several books, including All the Presidents' Bankers, Other People's Money, and It Takes a Pillage, her writing has been featured in the New York Times, Fortune, Mother Jones, Guardian, and Nation, among others. She is a senior fellow at Demos, was a member of Senator Bernie Sanders' Federal Reserve Reform Advisory Council, is listed as one of America's TopWonks, and is on the advisory board of the whistle-blowing organization ExposeFacts.