A2A with Nomi Prins

27

Nomi Prins is the author of the must read book, "All The Presidents' Bankers". It was an honor to have her stop by for this webinar and this recording is well worth your time and attention.

Over the course of this 35-minute presentation, Nomi discusses:

  • How the abolition of The Glass-Steagall Act helped to lead to the Financial Crisis of 2008
  • The still-growing market share of The Big Six, TBTF banks
  • The continuing interconnectivity of bank balance sheets and derivative positions
  • How much longer this current system can be maintained
  • The likelihood of "bail-ins" as a remedy for the next financial crisis

Again, I can't stress enough the value of Nomi's book. Similar to "The Creature From Jekyll Island", it's almost a history book in that it details the process of how we've found ourselves in this position...where The Federal Reserve is seemingly all-powerful and the major banks are all "Too Big To Fail". Please take the time to read it. Only by knowing how we got here can we ever hope to find a way out.

TF

www.tfmetalsreport.com/freetrial

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Safety Dan
May 11, 2015 - 3:24am
SS121
May 11, 2015 - 1:23am

Nomi was excellent

She's not going to start raving about space aliens hiding gold in the Marianas trench, ... or Bigfoot hunting expeditions that stumbled across JPMs secret Billion oz. Silver stash. She's not that type of person.

She is primarily driven by a deep sense of right and wrong. She worked in the Wall St. world and left because she saw that attempting to do the right thing is no longer even a tiny part of that culture.

Nomi described in detail that back in the day, both politicians and bankers saw the importance of keeping the public's deposits separate from risk. I.e., they had at least some sense of right and wrong.

So maybe she was a little naive if she went to Wall St. thinking that there might be people there who still wanted to do the right thing. But once she saw there were not, she left. AND then she wrote her book.

To all the good people in the world who realize that the banking world is screwed up but might be hoping that the good people of Wall St. will prevail, Nomi sadly says that from everything she witnessed first hand, "it ain't happenin". That's a message that many normal people in the world needed to hear.

And she's a Silver stacker.

lakedweller2
May 10, 2015 - 10:34pm

@fred hayek

Looking forward to your book!

Fred Hayek
May 10, 2015 - 4:29pm

Good stuff, Turd.

I got a more positive feel for Nomi's stance on things than I'd gotten from some of her earlier interviews at the time that her book came out last year. In those, she came across a little bit (a little bit!) like one of those pathetic Michael Beschloss writers who *never* criticises power, who looooooooooooooves power and anyone with power, who almost implicitly endorses a caste system. He can die in a grease fire for all I care. I wouldn't piss on him to put it out. Maybe she was playing to her perceived audience but in the interviews I saw she focused on the almost gossipy angle of the Aldrichs or Warburgs or whoever knowing Wilson or FascistDictatorReprobate and how "fascinating" that was.

gold slut
May 9, 2015 - 5:53am

@ Whitecastle123

'I would bet she could blow the lid off a lot of juicey issues if she wanted to. She's way too smart for that.'

Yes, way too smart, and probably allergic to nails as well. I think that what we got is all she is ever going to tell. Shame, but I don't blame her.

amarula4lund175
May 8, 2015 - 9:50am

Turd Submitted by lund175 on May 8, 2015 - 3:03am.

Good point - I have waited with bated breath during several of her interviews for comments on Apocalypse Now and GOTS and gold-n-silver real money, but been totally out of breath so many times. She is really a creature of the system, just hacked off with the way she was treated as she is very clear-eyed and as straight as they come. The system is rotten at the core, she just does not know it yet, she thinks it is reformable and fixable. Very bright, very articulate, very admirable - she has got the blue pill problem, not yet even considered the red pill.

Whitecastle123Old Howard
May 8, 2015 - 9:18am

Nomi

I think Nomi walks a neutral fine line in what she is willing to talk about. I would bet she could blow the lid off a lot of juicey issues if she wanted to. She's way too smart for that.

Old Howard
May 8, 2015 - 8:47am

Nomi Uninspiring

Of course my above post was in reference to Nomi and not the Turd.........

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Old Howard
May 8, 2015 - 8:45am

Nomi Uninspiring

Turd does a great interview. I get that same feeling of condescension I see with Hillary Cliton....

Old Howard
May 8, 2015 - 8:40am

Nomi Uninspiring

I 2nd that R Ranger

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