Publisher Description
In this searing exposéformer 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.
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Scarier than
Stephen King horror fiction. Prins, a refugee from Goldman Sachs, tells the
truth on her fellow banksters and their abuse of the scary uber-power they
wield when they take control of money-printing machinery of the world’s central
banks. Astonishingly, she got deep inside these secretive power chambers-and
came out alive with truly fascinating tales of the blood diamonds of global
finance. I particularly enjoyed, if you can use that word, her exposure of the
cruelty and cupidity of the banking potentates who suffocated Greece to please
the gods of Markets and Mammon.—
Greg Palast, author of The Best Democracy Money Can BuyÂ