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Geopolitics & Empire

Nomi Prins: How All the President’s Bankers Threaten Nations Like Mexico

Geopolitics & Empire

Geopolitics & Empire

History, News, Government, Politics

4.2568 Ratings

🗓️ 5 October 2015

⏱️ 23 minutes

🧾️ Download transcript

Summary

Former banker turned best-selling author Nomi Prins discusses why she decided to make a career change and explains how “All the President’s Bankers” are able to detrimentally affect foreign nations and emerging markets such as Mexico. This includes the concentration of foreign-owned banking, currency wars and Federal Reserve policy influence worldwide.

Show Notes

Mexico and the US: Rising Volatility, Economic, Finance, and Bank Risk (Nomi Prins Presentation Slides)

Trouble South of the Border – Chris Martenson’s Peak Prosperity

Mexico, Federal Reserve Policy and Danger Ahead for Emerging Markets

US Influences Mexican Banks: Interview with Nomi Prins

En EU Los Grandes Bancos Ahora Son Mas Grandes – El Financiero

Websites

nomiprins.com

twitter.com/nomiprins

About Nomi Prins

Nomi Prins is a renowned journalist, author and speaker. She is currently at work on a new book, Artisans of Money, that will explore the recent rise of the role of central banks in the global financial and economic hierarchy. Her last book, All the Presidents’ Bankers, is a groundbreaking narrative about the relationships of presidents to key bankers over the past century and how they impacted domestic and foreign policy. Her other books include a historical novel about the 1929 crash, Black Tuesday, and the hard-hitting expose It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street (Wiley,2009/2010). She is also the author of Other People’s Money: The Corporate Mugging of America (The New Press, 2004) which was chosen as a Best Book of 2004 by The Economist, Barron’s and The Library Journal, and Jacked (Polipoint Press, 2006).

*Podcast intro music is from the song “The Queens Jig” by “Musicke & Mirth” from their album “Music for Two Lyra Viols”: http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)

Transcript

Click on a timestamp to play from that location

0:00.0

Noamie Prince is joining the Guala Harahadio Politics podcast and well thank you for being here.

0:11.8

Thank you so much.

0:13.7

You've written a number of bestselling books, the latest being all the president's bankers,

0:18.4

and you are now writing a new book called Artisans of Money.

0:21.6

You have a long CV, and I invite listeners to learn more about you at nomiprins.com, but

0:27.2

early on you worked on Wall Street and for Goldman Sachs.

0:29.8

And I'd like to just start by asking you briefly, what made you do a 180?

0:34.2

What was it that spurred you to put yourself on the right side of history by becoming

0:38.6

a whistleblower and speaking truth to power after working for the big banks?

0:42.7

Oh, thank you.

0:44.2

That's a really good question.

0:46.0

Ultimately, it became an issue of my own moral compass that I think when I first started banking even before I got to Goldman

0:56.0

Sachs just to set out of school I didn't have any idea really what banks did as most of us

1:02.5

who joined the industry didn't especially at the time and through the years I developed a bigger

1:08.0

idea of what banks do and also what banks did change very negatively,

1:12.8

particularly it's the end of when I was there and towards the Goldman years. And I didn't think

1:20.5

there were enough people from the inside who were really explaining what was going on to the outside.

1:26.3

When I quit Goldman in early

1:28.9

2002, it was sort of before there was a lot of focus on negativity of Wall Street relative

1:34.6

to the main economy outside of, you know, academics and economists and so forth. It wasn't

1:39.9

so much a mainstream conversation. And so I thought that I needed to contribute to that conversation and also a lot of things

1:48.6

that I saw weren't particularly savory and increasingly so over the years.

...

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