With U.S. inequality at its highest point since 1928 and Wall Street bonuses hitting pre-2008 levels, we look at the 100-year history of secret collusion between Washington and the financial industry. In her new book, “All the Presidents’ Bankers: The Hidden Alliances that Drive American Power,” financial journalist Nomi Prins explores how a small number of bankers have played critical roles in shaping a century’s worth of financial, foreign and domestic policy in the United States. Prins examines how these relationships have influenced events from the creation of the Federal Reserve, the response to the Great Depression, and the founding of the International Monetary Fund and the World Bank. Now a senior fellow at Demos, Prins is a former managing director at Bear Stearns and Goldman Sachs, and previously an analyst at Lehman Brothers and Chase Manhattan Bank.
Rogue Economics is warning America’s economy may be “warped beyond repair” as part of a new marketing campaign for Distortion Report.
Distortion Report is a monthly finance and investment newsletter led by Nomi Prins. Subscribers receive investment recommendations and access to a model portfolio, helping them grow their wealth.
Is America’s economy really warped beyond repair? Should you subscribe to Rogue Economics Distortion Report today? Keep reading to discover everything you need to know about the Distortion Report from Rogue Economics.
Is America’s Economy Warped Beyond Repair?
As part of a recent marketing campaign, the Distortion Report team has launched a presentation explaining why America’s economy is “warped beyond repair.”
Nomi believes we’re on the brink of “The Great Distortion,” a $150 trillion shift. You can be on the right side of this $150 trillion shift if you prepare today. If not, you’ll be left behind.
“We invited Nomi to join us today… because she’s one of the few “insiders” to find herself on the right side of history. Not just once – but over and over again. Right now, she says we’re on the brink of the greatest wealth transfer in the history of America – a $150 trillion shift she calls ‘The Great Distortion.’”
Here are some of the points Nomi brings up during her presentation to prove America’s economy is warped beyond repair:
- America left the gold standard in 1971, and the dollar’s value has plummeted ever since. With inflation at record highs, this problem is getting worse.
- A six-figure income isn’t what it used to be. According to a report by Business Insider, people used to dream about earning a six-figure salary, but it’s not nearly enough to buy the “American Dream” anymore.
- The Great Distortion is a $150 trillion distortion occurring over the next 12 months. It will change the way we travel, how we invest, where we live, and what we do for work and play.
- Between 2008 and 2020, America doubled its money supply, distorting the economy. The Federal Reserve injected tens of trillions of dollars into the financial system alone in the last two years.
The government and the Federal Reserve are between a rock and a hard place. Raising rates by even one point would increase the national debt by $30 trillion, but raising rates is the main way the Federal Reserve combats inflation. If they raise rates to 5%, 6%, or the historic average of 8%, it could cause catastrophic consequences.
In other words, the Federal Reserve can’t raise rates enough to stop inflation, but they won’t stop printing money.
Because of all of these factors, Nomi Prins believes we’re heading to a sudden distortion event where “thousands of Americans” will become impoverished and others become much wealthier “practically overnight.”
What is The Great Distortion?
Nomi Prins believes we’re on the precipice of The Great Distortion. During The Great Distortion, $150 trillion in wealth will flow from some people to others.
The energy industry is worth more than $150 trillion, and it’s one of the biggest industries being transformed by America’s Great Distortion.
Elon Musk, Jeff Bezos, and other billionaires have also spoken publicly about The Great Distortion, claiming they’ve invested a portion of their own fortunes in getting in front of the massive transition:
“The current administration is heavily involved, along with 136 other countries…More than 90 banks are supporting the plan as well, including Bank of America – And billionaires like Jeff Bezos and Elon Musk recently invested a portion of their own fortunes in getting in front of this massive transition.”
By subscribing to Distortion Report today, you get a bundle of bonus reports that explain how The Great Distortion could play out – and what it means to investors today.
In those reports, Nomi explains how to make huge profits as The Great Distortion plays out. Nomi recommends specific stocks to buy to capitalize on The Great Distortion and the specific steps ordinary investors should take to reap huge potential returns.
Collusion: How Central Bankers Rigged the World
in that book ,
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.