Nomi Prins: Broadcast Interview – Available Now

Core Insights - The article discusses Nomi Prins' latest book "PERMANENT DISTORTION," which explores the growing divide between financial markets and the real economy, highlighting the consequences of this disparity [1][15][22] - Prins argues that the concept of "free markets" is no longer viable, and that a political power shift is leading to a new world order, with trade wars and social unrest on the horizon [1][15][16] Group 1: Nomi Prins' Background and Expertise - Nomi Prins is a former managing director at Goldman Sachs and has extensive experience in the financial sector, having worked at Bear Stearns, Lehman Brothers, and Chase Manhattan Bank [7][8] - She transitioned to journalism to expose unethical practices in the banking industry and has since become a prominent voice on economic reform [8][12] - Prins has delivered keynote speeches at major global institutions, including the Federal Reserve, IMF, and World Bank, establishing her as a leading authority on financial systems [11][12] Group 2: Themes in "PERMANENT DISTORTION" - The book details the impact of two major financial crises in the 21st century and the chaos they have caused across the global economy [15][22] - Prins describes the current economic state as "Permanent Distortion," where financial markets thrive while the real economy struggles to meet the needs of the population [1][15][16] - The narrative emphasizes the manipulation of financial systems to benefit a select elite, leading to increased social and civil unrest [1][15][22] Group 3: Implications for the Future - The article suggests that the ongoing economic conditions will lead to more trade wars and a shift in global power dynamics [1][15][16] - Prins' insights indicate that without significant reform, the gap between the financial markets and the real economy will continue to widen, exacerbating existing social issues [1][15][22]