We now have historically high inflation. With the increased price of both food and fuel, people are having difficulty financing the things they need just to live their basic lives.

So, of course, the Fed has stepped up with repeated interest rate hikes. But all that has done is crush growth and create the worst-case scenario for the economy while driving us into an energy market disaster coming as soon as this winter.

So, what does the Fed need to do NOW? And when will things get worse?

Ph.D. Author Nomi Prins is a Wall Street insider and a leading authority on how the widespread impact of financial systems continues to impact our daily lives. She is the author of the best-seller, Collusion: How Central Bankers Rigged the World, in which she examines how the 2007-2008 financial crisis triggered a massive shift in the global order and the soon-to-be-released Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever.

On this episode of The Wiggin Sessions, Nomi joins me to discuss the Fed's inability to regulate the economy and her prediction of a watershed moment coming up this winter that will create a massive energy crisis.

Listen in to understand how Nomi's revenge on Wall Street is helping individual investors like us survive and thrive in the next crisis.

Key Takeaways

What is the Great Distortion between the financial markets and the economy

Why the energy crisis is back

Nomi walks us through her definition of Enron 2.0

How cheap money is contributing to inflation, fraud, and the coming disaster in the energy markets

How the Fed's two-prong approach to fighting inflation and the crisis in the real economy is just making things worse

Why the amount of debt we need to run the economy has doubled since the 2008 financial crisis

The Fed's role in inflating debt

Comparing Japan's debt crisis to where the US is right now

How the political 'flipping of the switch in the fossil fuel markets has created a gaping hole in energy and made everything worse

Why the energy crisis combined with the forcing of the energy transition and the Fed's incompetence is going to create a watershed moment (possibly this winter)

How investors can turn the energy crisis into an opportunity

Connect with Nomi Prins

Nomi Prins

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Connect with Addison Wiggin

Consilience Financial

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Resources

Rogue Economics

Distortion Insider

Nomi Prins—The Financial Distortion Between the Markets and the Real Economy EP58