Unprecedented Crisis: Domino Effect Of Defaults On Horizon | Nomi Prins

The David Lin Report, Released on 5/13/24 (Recorded on 5/8/24)

Dr. Nomi Prins, best-selling author and geo-economist, discusses the permanent distortions on the economy created by central bank policies, and the dangers facing the economy in 2024 and beyond.

0:00 – Intro
1:00 – Economic slowdown
6:13 – Collusion
9:56 – Shifting of super powers
12:50 – U.S. dollar hegemony
15:00 – Fed rate cuts
20:43 – Inflation
22:43 – Domino effect of failures
24:20 – Labor market
25:24 – Geopolitical risks
29:00 – Investment implications

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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