Nomi Prins: Fed Overreach Has Ruined the Economy, We’d Be Better Off Without Them

The Jay Martin Show, Released on 5/13/23

Author of ‘Permanent Distortion’ Nomi Prins does not look fondly upon the track record of the Federal Reserve and thinks that they have created far more problems than they are pretending to solve. Nomi provides an in-depth look into the Fed’s history of malfeasance and how they were set up from the start to benefit a small group of privileged insiders.

00:00 Introduction
00:24 How Will the World Change by 2030?
07:05 Would We Be Better Off Without the Fed?
11:13 Risk of Financial Contagion
12:51 History of Fed Malfeasance
14:25 Original Mission of the Fed
17:57 How Will a CBDC Change the System?
21:22 Technological Shift of Money
25:21 BRICS Nations Currency
29:00 Dedollarization in the Media
31:27 Central Bank Gold Accumulation
33:02 Can China Weaponize Gold?
35:45 What Role Will Bitcoin Play?
41:04 Biggest Risks Facing Investors

Nomi Prins is an American author, journalist, and Senior Fellow at Demos. 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 books All the Presidents’ Bankers: The Hidden Alliances that Drive American Power, Collusion: How Central Bankers Rigged the World and Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever.

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