Ojai: Talk of the Town

Following the Money with Dr. Nomi Prins


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Dr. Nomi Prins, the author, former Goldman Sachs executive and Ojai resident joins the podcast to talk about her work explaining the world of high finance and how bankers continue to rig the system for their benefit. Her latest work, "Permanent Distortion," came out last year and dives deep into the trillions of dollars of fiat currency pumped into the global financial system during the pandemic, and how it is being use to further divide Wall Street from Main Street, and how little of the money the governments printed was actually put to productive use.

"Quantitative Easing" is the term of art used to describe the emergency response during the 2008 banking crisis which has since became an addiction for the Federal Reserve. Most of the trillions of dollars since the pandemic continues to sit on banks' asset sheets without being loaned out, as was the intent.

Dr. Prins' is famous for her deep research, lively writing, and ability to break down complex and abstract topics into easily understood concepts.

We also talk about her other books, including "All the Presidents' Bankers" and how a very small group of elite financiers and politicians, who came from the same families and attended the same schools, have been pulling the strings for the world since JP Morgan organized a 1907 meeting at his resort in Jekyll Island, Georgia that led to the founding of the Federal Reserve system in 1913. We also talked about the 2008 financial crash and how much of it was blamed on reckless homeowners rather than the vast amounts of money leveraged by bankers for stock buybacks and other contrivances to boost their own wealth at the cost of productive use of capital for infrastructure and employment projects.

Dr. Prins and I did not talk about Japanese ceramic glazes, left-handed cricketers or Aston Villa's greatest moments. Check out her works - "Collusion," "All the Presidents's Bankers," "Black Tuesday," "It Takes a Pillage," "Jacked," and "Other People's Money."

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Ojai: Talk of the TownBy Bret Bradigan

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