by I recently put out here two Nomi Prins videos about her new book, so do we need another one? Well, all I can say is that I found this riveting like the others so I think you will enjoy it too.Nomi Prins says how the central banks created money out of thin air when they did quantitative easing but the banks and corporations used much of the money to buy back their shares and raise asset prices rather than invest in their businesses, or society. Now one day all this money will need to be repaid, says Nomi, and so society will be burdened with more austerity. Nomi also says that the next crash will be much worse than the 2008 one.I was on a conservative site the other day and the site owner blamed the Democrats for the 2008 crash because he said they forced Freddie Mac and Fannie May to
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Nomi Prins says how the central banks created money out of thin air when they did quantitative easing but the banks and corporations used much of the money to buy back their shares and raise asset prices rather than invest in their businesses, or society. Now one day all this money will need to be repaid, says Nomi, and so society will be burdened with more austerity. Nomi also says that the next crash will be much worse than the 2008 one.
I was on a conservative site the other day and the site owner blamed the Democrats for the 2008 crash because he said they forced Freddie Mac and Fannie May to lend money to poor people so they could buy a home, which, he added, distorted the market. So, now you have the God market again, which, it seems, you can't buck even if people go hungry, or have nowhere to live. Anyway, if this is true about the Democrats forcing Freddie Mac and Fannie May to lend to poor people, did the bankers - who denote enormous sums of money to the Democratic Party - get this policy through so they could make a killing knowing they would get bailed out? We know the Democrat Party is owned.
Nomi Prins, journalist and author of Collusion: How Central Bankers Rigged the World, talks to journalist Chris Hedges about how central bankers “overstepped their traditional mandates by directing the flow of epic sums of fabricated money without any checks and balances.”