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Permanent Distortion
- Author
- Nomi Prins
- Narrator
- Ellen Archer
- Publisher
- Hachette Audio
- Publish Date
- 11 October 2022
- Run Time
- 10 hours 3 minutes
- Format
- Audiobook
What to expect
This parting from reality has its roots in an emergency response to the financial crisis of 2008. “Quantitative Easing” injected a vast amount of cash into the economy—especially if you were a major Wall Street bank. What began as a short-term dependency became a habit, then a compulsion, and finally an addiction.
Nomi Prins relentlessly exposes a world fractured by policies crafted by the largest financial institutions, led by the Federal Reserve, that have supercharged the financial system while selling out regular citizens and leading to social and political reckonings. She uncovers a newly polarized world of the mega rich versus the never rich, the winners and losers of an unprecedented distortion that can never return to “normal.”
Critics Review
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“Prins has done it again. In her newest book, Permanent Distortion, [she] takes a hard look at the conflicts and corruption in the global financial system and banks in particular. She provides a tour d’horizon of the past ten years. . . . This book is a must-read for anyone looking to understand what’s really behind the financial chaos of the past decade.”—James Rickards, author of Sold Out
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“Prins breaks through the noise like no other historian. When I am looking to understand what’s really unfolding in the economy and finance, she’s where I turn. She’s from Wall Street and knows Washington—yet tells the truths that Main Street needs to hear.”—Robert Kiyosaki, bestselling author of Rich Dad Poor Dad
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“Prins is one of the only people in the world qualified to explain one of the biggest stories in the world, if not the biggest: the manipulation of central banking policies around the world. . . . Permanent Distortion describes the gradual replacement of the real economy with a kind of permanent Ponzi scheme, fueled by cheap money and selective regulation, that rewards insiders and disburses riches by access, not merit.”—Matt Taibbi, award-winning author and investigative reporter
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“Prins knows Wall Street. When she speaks, we should all listen. The story of Permanent Distortion exposes how corrupt our financial system is.”—Richard D. Wolff, professor of economics emeritus, University of Massachusetts Amherst, and founder of democracyatwork.info
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“A hard-hitting survey of the forces . . . that fuel financial markets at the expense of destabilizing the real economy. . . . Nomi Prins effectively dismantles the machinery of financial markets and explains how they operate in a secret world of their own.”—Kirkus
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“Prins, former Goldman Sachs big shot, has come out of the cold to let you in on the con—and the clear and present danger that the Magic Money junkies and their central-bank pushermen are pulling us into a strange counter-reality where fantastical finance creatures copulate with finance fairy dust, creating a cancerous economic monstrosity. Yet, it’s weirdly fun to fly through the crazed new world Prins reveals. Every chapter is a new freaky adventure. She even makes the words ‘Quantitative Easing’ and ‘crypto blockchain ETFs’ into a fascinating game show . . . where They win and you, Mr. and Ms. go-to-work schmuck, lose. Jump in, I guarantee you a helluva ride.”—Greg Palast, author of The Best Money Democracy Can Buy
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Details
- Author
- Nomi Prins
- Narrator
- Ellen Archer
- Duration
- 10 hours 3 minutes
- Release Date
- 11 October 2022
- ISBN
- 9781549163999
- Format
- Audiobook
- Publisher
- Hachette Audio
- Genre
- International economics, Banking, Economics of specific sectors, Economic geography
Synopsis
A riveting exposé of a permanent financial dystopia, its causes, and real-world consequences   It is abundantly clear that our world is divided into two very different economies. The real one, for the average worker, is based on productivity and results. It behaves according to traditional rules of money and economics. The other doesn’t. It is the product of years of loose money, poured by central banks into a system dominated by financial titans. It is powerful enough to send stock markets higher even in the face of a global pandemic and threats of nuclear war.      This parting from reality has its roots in an emergency response to the financial crisis of 2008. “Quantitative Easing” injected a vast amount of cash into the economy—especially if you were a major Wall Street bank. What began as a short-term dependency became a habit, then a compulsion, and finally an addiction.       Nomi Prins relentlessly exposes a world fractured by policies crafted by the largest financial institutions, led by the Federal Reserve, that have supercharged the financial system while selling out regular citizens and leading to social and political reckonings. She uncovers a newly polarized world of the mega rich versus the never rich, the winners and losers of an unprecedented distortion that can never return to “normal.”
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