Nomi Prins

Nomi Prins

Nomi Prins is a former Wall Street executive and author. Her newest book is Collusion: How Central Bankers Rigged the World (Nation Books). Her previous books include All the Presidents' Bankers: The Hidden Alliances That Drive American Power (Nation Books) and Other People's Money: The Corporate Mugging of America.  Follow her on Twitter: @nomiprins

Articles by this author

Floating trillions to Wall Street banks and big corporations might push their share prices up, but it won’t solve the issues that truly matter. (Photo: Screenshot) Views
Thursday, May 28, 2020
Here Comes the Great Coronavirus Depression
Many economists believe that a recession is already underway. So do millions of Americans struggling with bills and job losses. While the ghosts of the 2008 financial crisis that sent inequality soaring to new heights in this country are still with us, it’s become abundantly clear that the economic...
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Central banks remain the dealers of choice for addicted big corporations, private banks, and markets. In other words, given congressional (and Trumpian) sponsored bailouts and practically unlimited access to money from the Fed, Wall Street will, in the end, be fine. (Photo: Phillipp/cc/flickr) Views
Monday, April 06, 2020
Wall Street Wins, Again: Bailouts in the Time of Coronavirus
To say that these are unprecedented times would be the understatement of the century. Even as the United States became the latest target of Hurricane COVID-19, in “hot spots” around the globe a continuing frenzy of health concerns represented yet another drop down the economic rabbit hole. Stay-at-...
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What happens when serious trouble builds requiring something other than the ability of central banks to combat it with more cheap money? The answer could be a massive, even historic, stock market crash. (Photo: Scott Beale on Flickr) Views
Thursday, March 12, 2020
The Fed, the Virus, and Inequality
Whether you’re invested in the stock market or not, you’ve likely noticed that it’s been on a roller coaster lately. The White House and most of the D.C. Beltway crowd tend to equate the performance of the stock market with that of the broader economy. To President Trump’s extreme chagrin, $3.18...
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The bottom 90% are the lucky owners of about three-quarters of the country’s household debt. (Photo: Getty) Views
Tuesday, February 26, 2019
Survival of the Richest
Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight. And this phenomenon of ever more concentrated wealth and power has both Newtonian and Darwinian components to it...
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Thanks to the massive accumulation of wealth by a 1% skilled at gaming the system, the roots of a crisis that didn’t end with the end of the Great Recession have spread across the planet, while the dividing line between the “have-nots” and the “have-a-lots” only sharpened and widened. (Photo: Screenshot) Views
Thursday, December 13, 2018
A World That Is the Property of the 1%: Wall Street, Banks, and Angry Citizens
As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world...
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Did the Trump Foundation use any of its funds to benefit The Donald or any of his businesses directly? (Photo: AFP/Timothy A. Clary) Views
Monday, September 17, 2018
Cooking the Books in the Trump Universe
Once upon a time, there was a little-known energy company called Enron. In its 16-year life, it went from being dubbed America’s most innovative company by Fortune Magazine to being the poster child of American corporate deceit. Using a classic recipe for book-cooking, Enron ended up in bankruptcy...
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Thursday, August 02, 2018
We Will Have to Face the Consequences of Donald Trump Getting His Hands on the Economy
Here we are in the middle of the second year of Donald Trump’s presidency and if there’s one thing we know by now, it’s that the leader of the free world can create an instant reality-TV show on geopolitical steroids at will. True, he’s not polished in his demeanor, but he has an unerring way of...
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"As the explosive Group of Seven, or G7, summit in Quebec showed, the Trump administration is increasingly isolating itself from its allies in palpable ways and, in the process, significantly impairing the country’s negotiating power." (Photo: Miguel Medina/AFP via Getty Images) Views
Thursday, June 21, 2018
Imperial President or Emperor With No Clothes?
Leaders are routinely confronted with philosophical dilemmas. Here’s a classic one for our Trumptopian times: If you make enemies out of your friends and friends out of your enemies, where does that leave you? What does winning (or losing) really look like? Is a world in which walls of every sort...
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Thursday, April 26, 2018
Donald Trump and the Next Big Crash
Warning: What you are about to read is not about Russia, the 2016 election, or the latest person to depart from the White House in a storm of tweets. It’s the Beltway story hiding in plain sight with trillions of dollars in play and an economy to commandeer. While we’ve been bombarded with a litany...
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Monday, March 19, 2018
Jared Kushner, You're Fired!
Here we are a little more than a year into the Trump presidency and his administration’s body count is already, as The Donald might put it, “ unbelievable, perhaps record-setting .” Among the casualtie s are Secretary of State Rex Tillerson ; my former boss at Goldman Sachs, economic policy chief...
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