Excellent interview/discussion with Nomi Prins, author of All The Presidents’ Bankers: The Hidden Alliances That Drive America Power (an excellent companion volume to Murray N. Rothbard’s definitive primer on power elite analysis, Wall Street, Banks, and American Foreign Policy). Every listener should both purchase and carefully read and reflect upon the magisterial detailed history these two powerful books present. This is not stagnant antiquated dry facts but vital background information which effects our world each and every day. Nomi Prins is a national treasure, for her wide-ranging authoritative knowledge of these important subjects, and her lucid and engaging ability to present this information verbally to the attentive public.
This was such a great talk. She does a great job speaking in layman's terms just how predatory this system is (in no small part aided by Jeff's leading questions) and displays a mastery over the history of the Fed. Thanks Nomi and Jeff!
Exactly. See my effusive comments above about Ms. Prins and the impeccable nature of her scholarship and speaking abilities. Her book, All The Presidents’ Bankers: The Hidden Alliances That Drive America Power is an excellent companion volume to Murray N. Rothbard’s definitive primer on power elite analysis, Wall Street, Banks, and American Foreign Policy.
I like interviewee's, like Nomi Prince, to state upfront, what she thinks is the best monetary solution for the large majority of Americans and build consensus around this. Ultimately, truly democraticly governed states, need to have publicly created money which incurr no National debt (Bill Still, M. Friedmann). Since monetary policy is the single most important issue of power concentration and central controll of people's activities, this has to be speld out and cast in iron, upfront any interview: A TRUE DEMOCRACY REQUIRES PARLEMENTARY CONTROLL OVER THE MONEY CREATION PROCESS. If not so, like now, Amschel Bauer Rotschild get's his money power and corrupts the body politic. All war's are bankers wars (Rivero). And Bill Still's monetary solution: No national debt = no national bonds (Still claims also Friedman supported this idea.)
One simply has to define or describe one thing: what does a competitive, banking market look like? The simple answer is: - many small banks (>100) competing for Trusted private savings, to be re-invested for highest returns. - no money creation by private banks,, simply 100% capital reserves required by Law (no fractional reserve banking!). - no FED or central bank: no interest rate discount window for private banks - bankruptcy if a bank can not pay their obligations -The state Treasury will issue extra money to spend on public projects, to attain full employment in the state/federacy, if needed, approved by congress/parlement (quantitative easing for the people, NOT banks). If you claim tobe pro individual freedom/pro choice this is how Wallstreet monopolies need tobe broken down into.
pretty fascinated how someone can be so critical of the fed while maintaining a left wing ideology. I also think it was interesting to hear her say that Glass-steagal had a big role in the crash, she doesn't sound like a fool so I'd be very interested to hear some austrian analysis in the nitty gritty specifics about whether or not the repeal of the law had anything to do with the crash.
