Nomi Prins: "The Fed Is Scared To Death Of Crashing The Global Financial System"

Via Greg Hunter's USA Watchdog blog,

Two time, best-selling author Nomi Prins says central bankers have no idea how to stop the easy money policies that they started after the financial meltdown of 2008.

https://www.zerohedge.com/sites/default/files/inline-images/20180121_nomi.jpg

Prins explains, “So, when the Fed says they are going to remove assets from their $4.5 trillion book by not reinvesting the interest payment...the reality is they haven’t really done that.  They have reduced their book by about $10 billion off of $4.5 trillion since they mentioned they were going to start ‘tapering.” 

https://www.zerohedge.com/sites/default/files/inline-images/20180121_nomi1.jpg

The media discusses this as a major tightening move.  Somehow all of our economies have finally worked because of central bank activity.  Growth is real.  It’s all positive.  The markets are evidence of that because of the levels they are at; and, therefore, these central banks, starting with the Fed, are going to reverse course of these last 10 years. 

"The reality is if you look at the actual activity of the central banks, beyond the Fed raising rates by a little bit, there hasn’t been and there isn’t being a reversal of course because they are scared to death that too much of a reversal is going to cause a major crash throughout the financial system.

Everything is connected.  All the banks are connected.  Money flows around the world in less than nanoseconds, and all of it has the propensity to collapse if that carpet the central banks have created is dragged from beneath the floor of all this activity.

Prins, who just finished traveling the globe to research her upcoming book, thinks there is one big thing that can take the entire system down. Prins, a former top Wall Street banker, contends:

There hasn’t been any real growth in the real economy.  That is an indication of the misfire of this entire plan.  There has been tremendous growth in stock markets and bond markets. 

If you look at localities or states or governments whose debt to GDP levels are well over 100%, in Japan it’s over 200%, in the United States it over 100%, and this is the same throughout the world.  These are levels that they have never been, and they are all at their historic highs. 

That’s why debt will ultimately be the destructor of the system.  In order for that to happen, the cheapness of money that allow states, municipalities and corporations to continue to borrow at these cheap levels has to go away...

At some point, there will be a mistake.  There might be a tiny smidge of an interest rate hike at some central bank, probably the Fed, which ripples throughout the system as a mistake, not because real growth has happened, and that’s why interest rates have been raised.  That will incur defaults throughout the system.  People will incur personal defaults, and that will cause problems in the mortgage market... then it becomes a knock-on credit crisis, and then banks start not to lend... Then we have the makings of a broad crisis.”

Prins doesn’t think we get a crash in 2018, but warns when the markets crash, “they will come down fast.”

So, how is Prins protecting herself?

Prins says,

I’m buying gold... I would also be a buyer of silver because silver is a used hard asset, and it’s at really cheap levels right now.  I would be a buyer as a percentage of my portfolio.  I have done exactly what I am telling you is a good idea to do, which is to take money from the stock market and put it into hard assets.

Join Greg Hunter as he goes One-on-One with Nomi Prins, author of the upcoming book titled “Collusion: How Central Bankers Rigged the World.”

*  *  *

After the Interview:

You can find free information and analysis from Nomi Prins at NomiPrins.com. Prins is giving USAWatchdog.com viewers a special link to buy her new book at a hefty discount. 

Prins says this pre-order link will give USAWatchdog.com buyers of “Collusion: How Central Bankers Rigged the World” a 40% discount up until it officially releases on May 1, 2018.

Comments

GUS100CORRINA IH8OBAMA Sun, 01/21/2018 - 22:19 Permalink

Nomi Prins: "The Fed Is Scared To Death Of Crashing The Global Financial System"

My response: The FED is NOT scared. I want to suggest that GOD has halted the plans for the moment. Remember the FED is pure evil and controlled by member banks and not part of the American government.

END THE FED. US Government should seize assets of the FED and fire everyone except necessary personnel. The USA should use the proceeds to pay down US debt and place the FED under the control of the US Treasury.

THE MEMBER BANKS CAN GO POUND SALT.

In reply to by IH8OBAMA

shitshitshit Bubba Rum Das Mon, 01/22/2018 - 02:35 Permalink

THE cross breeding between an ostrich and a goose named Nomi, posing as controlled opposition, can no longer hide which tribe is she coming from and yet still makes a killing by stating the obvious again and again and again. This depreciating asset lost tons of sex appeal and got fatter. I hope this professional clickbait got a brain at least. On the bright side she is one gurl who makes fags be proud to be what they are thanks to her still ample clivage

Now a question for those who still read: does the hatred of the cougar against the Fed comes from having been dumped from there or by a once friendly Fed employee? 

In reply to by Bubba Rum Das

Tarzan BennyBoy Mon, 01/22/2018 - 07:02 Permalink

It's a huge trap. set to play out like the alleged deterrent of Nuke mutual destruction.

The entire system is setup so, if we fail we take the world with us.  No longer Masada, they will not commit suicide, but Sampsonada, if they go they will take the entire world down with them.

This is why Countries around the world go along with our MIC and the NATO gang, not because they agree, or have the same goals, but because there's an invisible noose around their neck, linking everyone to our death machine!

In reply to by BennyBoy

shitshitshit Tarzan Mon, 01/22/2018 - 07:36 Permalink

And there my little enthusiastic friend you tend to forget the latest generation of Russian subs which was designed especially to deal with Israeli dolphin class nuclear carrying subs assigned to the execution of the Samson option. And I'm not even starting to think about the other secret counter measures that might come right along with it. Don't forget Russians have become masters at jamming signals, especially GPS. 

I, for one, do not see the future as bleak as you do. 

In reply to by Tarzan

Lost in translation cheka Sun, 01/21/2018 - 22:16 Permalink

Fed isn’t scared of squat.

They see themselves as demigods, and view the average working stiff as an annoying insect.  A bug.

I’ve grown very tired of these misinformation stool samples crying ad nauseum, “the Fed is terrified!”

 

 

They will know zero fear until the piano wire is tightened around their greasy little rat-necks.

In reply to by cheka

MK ULTRA Alpha Lost in translation Mon, 01/22/2018 - 01:52 Permalink

Scared to death is an extreme state of mind, the Fed is cautious. The trend in reporting for the year has been the scenario, the Fed would tighten too rapidly and the dollar would be stronger in comparison to developing world currencies. This would force countries with dollar dominated debt to sell off their currency to buy expensive dollars to service the dollar based debt. It would make global currencies weaker and the US dollar stronger.

What has happened and many don't have an explanation is the US dollar is weaker against global currencies. It could be the fact, the Fed didn't raise rates at a rapid rate and/or have a sell off of their balance sheet, this inaction/strategy forced the dollar lower, and this maybe a Fed strategy for US export trade growth and for the purpose of creating a safe stable environment to repay debt.

In reply to by Lost in translation

el buitre Lost in translation Mon, 01/22/2018 - 09:46 Permalink

I used to think that psychopaths were essentially emotionless.  But about 20 years ago I met a woman who was almost done in by Ted Bundy, the infamous serial killer of women.  And I became somewhat interested in psychopathy, particularly the serial killer variety.  Psychopaths are not emotionless - they simply cannot feel empathy for other creatures including fellow humans, assuming that you register them in the human category.  They are quite capable of feeling terror when their own lives and wellbeing are threatened.

In reply to by Lost in translation

Lost in translation NoDecaf Sun, 01/21/2018 - 22:21 Permalink

I used to follow the guest schedule on Finance and Liberty.

After the Lior Gantz co-interview with Dunagan Kaiser - “our travel schedules had us both in Israel at the same time” - I stopped watching Elijah Johnson.

I think it’s both disgraceful and sad how professing Christians have become Judaized.

The Lord Jesus Christ set us free from the yoke of the Pharisees, forever.

Today, professing Christians cheerfully put it back on, and wear it.

In reply to by NoDecaf

Hillarys Server NoDecaf Mon, 01/22/2018 - 00:18 Permalink

I really like Greg. But I think it's lessens the credibility of his channel when he, or you Greg if you're reading this, has Cliff High on who believes if I've garnered these pearls correctly,

1. Silver will go up because of demand for free energy machines for space alien Biblical giants who live under Antarctica.
2. The sun is not a star. It is a comet. It is cold, not hot, and mostly made out of gold. The earth doesn't revolve around the sun but trails behind it as the cold comet we call the sun wanders throughout the universe.
3. The moon is older that the earth. It is hollow and was built by space aliens.

He bases his predictions on "predictive linguistics" which counts words on the internet and searches the words for psychic messages.

He says paraphrased "Bitcoin will go up. The data sets show it will go up. Silver will go up because aliens will soon crawl out of their alien cities under Antarctica with free energy machines that need silver and Bitcoin will go up to because the data sets of predictive linguistics indicate it will."

And the fans say "He believes in Biblical giants, the giants mentioned in the Bible, so everything he says must also be true. The moon must be hollow and the sun cold and made of gold. Because he believes in the giants. And he used the word 'data sets'. Holy smoke, that is a big word. An unbelievably big word. It's used by people who know about compooters and the mice things smart people move around so skillfully with their hands. And he said 'linguistics'. That's like exotic foreign languages that they speak even beyond the borders of Maybury. This guy is the real thing."

Of course you'll get billions of hits and deceive the elect.

But why? For the hits? For the viewers? How is that different from CNN and USA Today?

I studied linguistics and what Cliff High says is pure undistilled bull hockey. You can do a word count for the internet all day and you'll just get a word count.

The only intelligent thing he says is "The data sets indicate..." which is indeed a catchy turn of phrase.

I could put out a shingle too and say "The lint sets in my navel indicate Alaska will be cold mid-year." According to predictive bellybutton-onics.

Apart from the spiffy words "data sets" the rest is unadulterated embarrassing bull, in my humble opinion.

In reply to by NoDecaf

el buitre NoDecaf Mon, 01/22/2018 - 09:52 Permalink

Yes, he is one of those evangelical Christian Zionists.  He pulled that crap about two years ago with Gerald Celente, who took him to the cleaners in a fashion that only Gerald can do.  I did stop listening to his interviews for a while after that, but he does have good people on and he usually does not get in the way like Alex Jones, who can only interview himself 24 hours a day.

In reply to by NoDecaf

SMASH THE CONT… skbull44 Mon, 01/22/2018 - 07:11 Permalink

IT HAPPENS IN ONE HOUR!!!!!THE BANKING SYSTEM IS CALLED MYSTERY BABYLON!!!

“‘Woe! Woe to you, great city,
    you mighty city of Babylon!
In one hour your doom has come!’

11 “The merchants of the earth will weep and mourn over her because no one buys their cargoes anymore— 12 cargoes of gold, silver, precious stones and pearls; fine linen, purple, silk and scarlet cloth; every sort of citron wood, and articles of every kind made of ivory, costly wood, bronze, iron and marble; 13 cargoes of cinnamon and spice, of incense, myrrh and frankincense, of wine and olive oil, of fine flour and wheat; cattle and sheep; horses and carriages; and human beings sold as slaves.

14 “They will say, ‘The fruit you longed for is gone from you. All your luxury and splendor have vanished, never to be recovered.’ 15 The merchants who sold these things and gained their wealth from her will stand far off, terrified at her torment. They will weep and mourn 16 and cry out:

“‘Woe! Woe to you, great city,
    dressed in fine linen, purple and scarlet,
    and glittering with gold, precious stones and pearls!
17 In one hour such great wealth has been brought to ruin!’

 

In reply to by skbull44