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Nomi Prins: Crony Capitalism & Corruption - An Entirely Rigged Political-Financial System
Too big to fail is a seven-year phenomenon created by the most powerful central banks to bolster the largest, most politically connected US and 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. The most rapacious speculative capital and associated risk flows from these power-players to the least protected, or least regulated, locales.
There is no such thing as isolated 'Big Bank' problems. Rather, complex products, risky practices, leverage and co-dependent transactions have contagion ramifications, particularly in emerging markets whose histories are already lined with disproportionate shares of debt, interest rate and currency related travails.
The notion of free markets, mechanisms where buyers and sellers can meet to exchange securities or various kinds of goods, in which each participant has access to the same information, is a fallacy. Transparency in trading across global financial markets is a fallacy. Not only are markets rigged by, and for, the biggest players, so is the entire political-financial system.
The connection between democracy and free markets is interesting though. Democracy is predicated on the idea that every vote counts equally, and in the utopian perspective, the government adopts policies that benefit or adhere to the majority of those votes. In fact, it's the minority of elite families and private individuals that exercise the most control over America's policies and actions.
The myth of a free market is that every trader or participant is equal, when in fact the biggest players with access to the most information and technology are the ones that have a disproportionate advantage over the smaller players. What we have is a plutocracy of government and markets. The privileged few don't care, or need to care, about democracy any more than they would ever want to have truly "free" markets, though what they do want are markets liberated from as many regulations as possible. In practice, that leads to huge inherent risk.
Michael Lewis' latest book on high frequency trading seems to have struck some sort of a national chord. Yet what he writes about is the mere tip of the iceberg covered in my book. He's talking about rigged markets - which have been a problem since small investors began investing with the big boys, believing they had an equal shot.
I'm talking about an entirely rigged political-financial system.
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Nomi Prins explores bank conspiracy, collapse and the failure of the Federal Reserve...
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I'm not sure I need some horse faced Goldman succubus to tell me how fucked it is at this stage. Thanks all the same though.
Man ZHer's are a picky lot, looks wise. I feel bad for her because she's clearly intelligent and has something to say, but all I can think is "I'd hit that."
A bunch of y'all that the defense minister of the Netherlands was fugly, too. Wait until you're in your 50s.
I get his point though; she is former Sachs and is telling us something that isn't entirely new or insightful .... kind of like of like Simon Black with hooters.
Regards,
Cooter
"I'd hit that"
You do that sir, I wont be getting in your way. Unless you're John Kerry, then your bastard lovechild will either end up at Professor X's Academy going by the pseudonym 'Horseo', or running in the 3:15 at Aintree.
And, yep Cooter. Zactly. Plus she looks like a horse.
The Pedigree from Wiki:
Nomi Prins is an American author, journalist, and Senior Fellow at Demos.[1] She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her book All the Presidents' Bankers in which she explores over a century of close relationships between the 19 Presidents from Teddy Roosevelt through Barack Obama and the key bankers of their day based on original archival documents. Prins also received recognition for her whistleblower book, It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street, for her views on the U.S. economy,[2][3][4] for her published spending figures on federal programs and initiatives related to the 2008 bailout,[5] and for her advocacy for the reinstatement of the Glass–Steagall Act and regulatory reform of the financial industry.
Looks like just another hypocrite Progressive to me.
This bitch Naomi needs a Burka.
This whole piece was written for the dark-eyed beauty by her fucking publicists. Nomi Prins is too busy snorting coke off in Tel Aviv to be bothered to write something like this. Besides, the old "rigged" paradigm is a fabrication. Everyone rigs everything they can rig. Thems the facts of life. It's just that when you're caught up in fraud, you're supposed to pay a price. ZIRP is clearly fraud on a very massive scale. ZIRP is a backdoor into the U.S. Treasury for the TBTF banks. Fuck that.
You want unequivocal fairness like Nomi Prins? Then go live in the projects with the African Americans, the drug addicts and the white trash. In the projects, everyone is equal. And the cops don't give a shit who they shoot dead on any given night. And neither do most Americans.
Nomi Prins would fit right in, in the projects. LoL. Who is Charlie Croker?ive had enough of jewish mouthpieces on jewish owned media.
Looks like Naomi gotz another book to sell
Neither her or this dude knew that H Paulson was the guy that started the bailouts and BHO and crew of course put it all on sterioids because the REPs handed it to him on a silver platter to do so ? NO wonder Amerika is fucked up these days if these are the smart guys ? No news here at all , just more ignorance and bullshit !
Glory Hole will do... Besides, ugly or not, at my age you're no longer picky.
Other than that, ofcourse "wise info" on stuff already well know and a tat late.....
She's a bit off about the definition of Democracy with this statement: "Democracy is predicated on the idea that every vote counts equally."
Most Democracies only involve the citizenry in voting for Representatives. The vote of a Representative is much more 'equal' than that of anyone else.
On that point of voting and who is "qualified" to vote, if it's razzzist/bigoted/homophobic/misogynist (what-the-fuck-ever) to ask someone for a valid picture ID to buy a pack of smokes or liquor I'm guessin NO ONE NEEDS TO CARRY PICTURE ID ANYMORE.
I'm kinda good with that ;-)
oh, FFS
there's just no pleasing most of you lot. She's doing a better and louder job of unclothing the Emperor than most of you fkkrz combined, yeh?
Its about time, though that someone took a new photo of her. Much tho i love those slutty eyes of hers.
nothing new at all in the article that has not been known and hashed over ad nauseum 5 years ago at a minimum.
nothing new at all in the article that has not been known and hashed over ad nauseum 5 years ago at a minimum.
If you think YOU aren't a hypocrite, then you are probably an even bigger hypocrite. That goes for everyone IMO. Being relatively poor doesn't make you more virtuous... it just means you are wasting time in being judgemental of the rich. If you are already wealthy, like Nomi, you have the leisure to explain to the struggling masses why their struggle is harder than it might otherwise be.
Here she is merely trying to provide information for those trying to learn, and she gets dumped on. Nomi can take me Homi any day of the week.
I appreciate that you actually comment on her background and not her looks. I don't care if a woman looks like Janet Yellen or Charlotte McKinney (do yourself a favor and google her) it doesn't matter what they look like. What actions do they take? This woman worked for Goldman and that's what matters, not whether or not she is doable. Good comment.
Succubus...lol
Damn right! Look at effect she's having on the fawning manginas in this comment section already. Scary shit.
She looks like a horse? Clearly giraffe, your taste is in your long neck. She's a babe, but aside from that she has something to say which is real, true and applicable-which goes against everything Sachs stands for. I see it in her eyes, she has awaken.
Fail. Selling a book is just about making money.
How many millions of people have already discovered these deep, dark secrets? She found out she'll never be accepted in the big club, so she's writing nothing new at all to try to scam some cash out of suckers.
Apparently your IQ predicts being one of the scammed.
Nomi & a horse go into a bar....
The bartender looks up at Nomi & say's "why such a long face"
Kind of like every other talking head.
For the down-voting feminists going nuts on this thread... It's not like she's avoiding using her looks to her advantage.
It's not like she has avoided using photoshop to her advantage.
https://www.youtube.com/watch?v=9znpnluht-o
Holy Shit Blankenstein....where' my mind bleach
I habitually give the lowest rating to any article that has the line crony-capitalism in it because it's incorrect.
It's like saying the damned Chi-Com politburo is crony-capitalist or all of Hugo Chavez' friends & family were/are crony-capitalist's, it's complete bullshit and I'm reclaiming the meaning of the language & capitalism.
Does anyone really think ObamaCare is crony-capitalist? Hell no, it's crony-socialist, better stated, it's crony-NATIONAL-socialist.
It's Fascism. Wrapped up in Totaltitarian Authoritarian Police State.
Fascism is NATIONAL-SOCIALISM. I don't know how many times I need to make that point ;-)
Duly noted.
Its like...bailing out the commercial banks with debt piled onto you/us...capitalism or national-socialism? Fisker, A123, Tesla, Solyndra, GM etc. ad nauseum...capitalism or national-socialism?
Turning to farmers now, who are PAID not to plant, now there's a real "capitalist risk"...to be PAID...to NOT do something...lmao!
Now there's one helluva risk ;-)
It's like a law that you have to buy from a particular industry to avoid fines and jail ---You "need" insurance to put your car on a "public" roadway--- by law you will buy a product from a corporate "person"-- It's all the little things you must do every day to enrich the corporate "person" that define this political system.
I'm surprised I didn't get moar down votes from the "collective progs" trying to make some asinine defense of what it really is and how they were duped yet again by the national-socialists (the fascists) the enemy within them all.
Maybe they'll feel the Bern now and get their minds right (or left)...lol.
Turning to landowners now, who are PAID not to live on their own land....
You are looking at things the wrong way.
Paid by whom or should I say what? A manipulation of law?
Taxation is not a manipulation of law.
Taxation is a law and all laws are legal, right?
aparently she doesn't even realize H Paulson started the bailouts to force taxayers to bail out the criminals and BHO has simy put it all on steriods ever since ? Dude didn't know that either so they are both dumb fucks and nothing news here at all anyway ! not even close.
Amen to that!! From my perspective at 53 that looks like PRIME real estate to me LOL Smart, attractive, presumably very well off ... I might have a go at being her house boy for a while... Dream dream dreeeeeeeeeeam... ;-)
She's pretty enough, but I don't think I could go down on that Goldman Sachs stench.
That's got to be a worse smell than my wife.
What's that Nomi? I was too busy staring at your tits.
Sure, but in a perfect capitalist world, the natural rate of profit is zero. (I learned that in Econ 101.)
Humanity is in trouble!...
How Psychopaths operate and how to deal with them:
As humans, we need to confront this threat and DEAL with it.
We need to remember that cooperating with evil, on ANY level, is a MISTAKE and it will ultimately come back to bite you.
So why we spend so much ink and time to explain how to American (Predatory) Capitalism works?!
When relationship with reptilian host is killing us…
{“WW3 WILL BE THE Reptiles & Psychopath VS. Human”} …A
{ http://bit.ly/1MgUyTk }
Defense against the Psychopath full length version
Guess what kids...debt is up a mere half trillion $$ in 14 days....woohoo winning!!!
http://www.treasurydirect.gov/NP/debt/search?startMonth=11&startDay=01&s...
Joo World Order
By this time in internet history, anyone who is reallly anti-Jewish keeps their mouths shut, because they undercut the people who are genuinely against Israeli's foreign policy.
So, when we see a dumb bit of prejudice like yours, we immediately think that it is some group that wants to undercut people like me, that is to say, pro-Israel. We see the net is filled with such.
Is this clear now?
Actually Jews are not a problem for WTFRLY, it's the Ashkenazi and/or Khazar Zionists falsely claiming that heritage while continuing to turn the world into their playpen. Take your Greater Israel plan and chosen people garbage and get the fuck out.
THIS COMMENT IS RACIST AND ANTI-SEMETIC. REMOVE IT IMMEDIATLEY AND BAN THE POSTER.
No, racist is the Zionst Israeli government policy against African Jews.
Fuck you, Kirk, and the horse you rode in on. It is just stating simple facts, proven by recorded history and DNA evidence.
Racist is Israel.
Anti-Semitic does not concern Ashkenazi's because they are not Semites
So shove your CAPSLOCK KEY up your ass and go back to Tel Aviv.
EXTREMELY WELL SAID. ELOQUENT AND AUTHORITATIVE.
In Canada the newly minted PM went out of his way to appoint 50% female ministers with decent representation by minorities.Anti joo means that with single digit representation in the US populations the joo RACE is happy with 10× their numbers in entertainment, media and finance.Anti joo means that until they get the message that this has gone on too long and seek to repent, I and others oppose them Notice I didn't even mention that little topic of genocide of Palestinians.Ok. Add that as another reason to be anti joo. Their narcissistic compulsive disorder needs treatment!
That's why I come to zh , get the latest dope
Wall Street needs to be burnt to the ground...
Rigged is right. But...we have the most corrupt politicians any country could vote in. So the end result.
Criminal in history. You're using the wrong "C" wrong.
She'd make a nice partner for Tyler. Kindred spirit, articulate, brains and sex appeal.
Just Do It, Tyler!
This is one sharp (in many ways) lady!
Sorry CH, but the hands doing all the 'talking' cements the correlation to those with a space between their two front teeth...ala any inbred hillbilly running around loose out there.
Use of the hands reduces one's IQ by tens....;)
"Use of the hands reduces one's IQ by tens....;)"
Try telling that to the Italian inlaws. ..
Welcome to the party, pal.
Nomi must have found out that she isn't a member of the club.
Long nail guns.
Yep you can tell it too. She knows she is not on the inside and never will be. Somewhere along the line she ran into the truth.
Nice to see a hot chick that you could actually listen to
Tried to post link to article on FB
They blocked it
Just keeping it "safe"
Facebook Blocks To help keep Facebook safe, we sometimes block certain content and actions. Please let us know if you think we've made a mistake in this case.Please explain why you think this was an error
Thanks for taking the time to submit a report. While we don't reply to every report, we'll let you know if we need more details.
It's been the same since Richard III was in the market for a replacement horse. A bunch of families trying to hoard everything and goad the serfs.
The only way to change the system is a Constitutional Amendment passed by the states to set campaign finance limits.
See MoveToAmend.org
and how do you stop the independent super packs or wealthy from expessing their opinions
LOL. That won't even put a scratch in it. Until they can't print and have the federal spending limited at the state level (e.g. pre income tax) it won't even slow down.
The reality is we're past the point of no return, the only fix is to let the collapse happen and rebuild. Words on paper won't do shit.
Can't fix politics with politics, fella.
Nuke the entire DC from orbit. It's the only way to be sure.
No just tell the so called refugees that is where you apply for welfare - and sharpen your knives.
It is time the sheeple woke up and stopped playing the game. - 3% worked in the past so maybe we can motivate the same this time. III
The only thing keeping me going was my dream of one day holding Nomi in my arms and making romance explosion on her stomach.
The pigs continue to bring credibility to this site - not.
I find your perjorative swine comment deeply offensive. The expression of love between two people is a beautiful thing. I will retreat to my safe space where I will be able to heal the emotional wounds you have inflicted upon me without fear of negative external stimuli. #romanticfantasiesmatter
Sure, making a mess on a classy lady would really impress her - your satisfaction should not be foremost on your mind.
Now you're breaking out the classism, sexism & heteronormativity! How dare you impose your ethnocentic sociocultural strictures on me. To imply that I am self centered or that "classy" people are prudes is even more hurtful than calling me swine. You have won. My spirits are broken. I from this day, until I die a broken asexual shell of a person, will never dream of love again. Good day!
keep believing that someday she will say "was it good for you bullshit?'
And someday your trailer park neighbors will remark - he was such a quiet person that just watched the little girls walk to school.
"Yes of course you were the first. Jeez, why do men always have to ask the same annoying question?"
https://www.youtube.com/watch?v=JTcidJRv7kQ
Brother Nathaneal - Mossad Fingerprints all over Paris attack
http://www.timesofisrael.com/in-france-defense-experts-see-parallels-to-...
"Look ma, no Jews!"
"Just Friday morning, security officials in France’s Jewish community were informed of the very real possibility of an impending large terrorist attack in the country, according to Jonathan-Simon Sellem, a freelance journalist and a representative of French citizens in Israel."
ResistTheDarkness November 16, 2015 at 8:37 am
Here is a youtube channel called “Videos Paris Attacks Exclusively”
Go to the about section. The channel was created on the 12th
“Joined Nov 12, 2015”
https://www.youtube.com/channel/UCU3UQecLhK3XjEkeCI-h_4A
LC November 16, 2015 at 8:27 pm
Veterans Today::: Please save the clip below before posting it.
its 100% proof this was Paris-Hebdo No. 2 hoax. thanks. -lc
http://www.veteranstoday.com/2015/11/16/is-israel-behind-paris-attacks/
https://www.youtube.com/watch?v=eU3hae5ukno (A little something for the 2 of you - music to jack off to)
https://www.youtube.com/watch?v=CNAkbbKycCM (
Butthole Surfers - Who Was in My Room Last NightOne can impress a beautiful woman negatively as well as positively. Walking up and blowing choad on her tummy would probably be a very negative impression, the kind that leads to months in jail and the lifelong moniker "Sex Offender."
more lies
http://www.foxnews.com/science/2015/11/16/anne-frank-diary-now-has-co-au...
Massive deception by omissions is the status quo. Get your head out into the light!
http://showrealhist.com/yTRIAL.html
What would you say if I told you that big banks and corporations benefit the most from regulation. Regulation strangles nimble upstarts who might develop better ideas and ways of doing business. The costs of regulation ensure that the biggest enterprises can continue their bloated ways.
Regulations increase cost severely. My wife wants to start up a chocolatiering business, but the capital required to get a kitchen to meet all the regs means we need hundreds of thousands of dollars. Literally.
Strangled in the crib.
Change your name to Rodriguez.
Buy an old RV.
Sell your chocolates from a parking place in the Walmart lot.
If anybody shows up to complain or ask about your business licenses, remember the golden phrase:
"Que?"
Repeat after every attempt to communicate with you.
"Que?"
Once you have banked a couple hundred thousand, you can go legit.
Sad but true
I'd say that I may be blonde but not that blonde. Well, duh, ya think?
Thats what she said in the video. The regulations are written by the system, for the benefit of the system, and specifically not for you.
Like the man said: its a big club, and you ain't in it.
Great interview. The commentators do not disappoint again. They prove that they're mostly idiots.
I like ZH articles of this sort.
With 100% confidence, you can scroll straight down and start with the comments section.
Here are photos of Nomi Prins.
nomi prins
On a scale of 1 to 10, I'd rate her a 5 at best.
You give ZH reasons to hire a moderator. Grow the fuck up asshole.
The problem for money loves like Nomi of Golem Sacks is that they get what they want, and then they just don't like it. They whine. They moan. They complain.
What they never do is aid the Constitution which decrees that the only legal tender in the USA must be backed by gold or silver.
Prins, you are such a newbie. Perhaps somewhere else suits you better. Go there, soon. Stop whining. Go to some place that suits your agenda.
And why would everything need to be rigged? Only if you're part of the team planning to "own the earth in fee-simple."
Today's example of more control being gathered into fewer hands:
http://www.prnewswire.com/news-releases/marriott-international-to-acquir...
Most of our peerless leaders plan to cash out five minutes ahead of the Great Reset, and spend their retirements writing books and giving speeches about how they saw it coming long ago---not that they saw fit to tell anyone at the time.
Nomi just cashed out early. A managing director at Goldman makes enough in a year for most normal people to retire on.
ANY POLITICIAN WHO TAKES MONEY FOR ELECTION, KILLS THE DEMOCRACY
It is bribe,
the elected politician will now work for the crony capitalists
the crony capitalists have only one agenda - make moar profit
They will make moar profit by fleecing people
The elected politician will look the other way (actually helps : Obamacare)
Murder of democracy
the new mantra:
VOX CRONEI VOX DEI
-------------------
Solution : what must be done ?
1. Ban any money as donation (or for shitty lectures , $$$bitchHillary Hah ha) for elections to politicians.
2. Implement 'Right To Recall' any elected politician, if more than 50% voters want him/her to go
and this is NEW news? Boy are you ZH readers green!
Bank robbery is the solution. Who gets there first? The race is on.
No, Mr. 15 weeks, it's you that's green. Put some time in, and read.