By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Three-time, best-selling book author Nomi Prins says the reason why there is so much uncertainty and chaos in the global economy comes down to one simple theme, and that is a couple of decades of central bank money printing has created the biggest Ponzi scheme the world has ever seen. Prins explains, “The Fed and other central banks have created basically this idea, and put it into practice, whenever there is real crisis, however they deem it, they are going to print money, and a lot of money. . . and pushing this envelope forward on the back of a very artificial fabrication of money. That is the Ponzi scheme here. (more…)

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Three time best-selling book author Nomi Prins says long before the Covid 19 crisis, the global economy was faltering big time.  The Fed stepped in with the start of massive money printing in late 2019 to save the day.  Prins explains, “We were already in crisis mode as I mentioned at the end of my last book going into 2019.  What did we see at the end of 2019?  We saw this pivot, and I call it phase two. . . . Central banks had pivoted to easing mode. . . . (more…)

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Two time best-selling book author Nomi Prins says the rescue policies of the 2008 financial crisis are still with us today. Prins is out with a brand new book called “Collusion: How Central Bankers Rigged the World.” The enormity of our current global debt problem is caused by central bankers.  Prins explains, “It is huge.  The debt is between two and a half to three times global GDP, which is an historical high.  Debt to GDP throughout the developed world is higher than it has ever been, and it continues to grow.  Why?  Because money continues to be conjured up and rendered cheap for the participants at the top of the financial system.  The banks, the major corporations, the people who make money out of that, and it hasn’t washed down to the rest of the economy.  This is why most people feel this anxiety about another potential financial crisis, but also about what happens every day in their own pocketbooks.  So, it is worse.  (more…)

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Two time, best-selling author Nomi Prins says central bankers have no idea how to stop the easy money policies that they started after the financial meltdown of 2008. Prins explains, “So, when the Fed says they are going to remove assets from their $4.5 trillion book by not reinvesting the interest payment . . . the reality is they haven’t really done that.  They have reduced their book by about $10 billion off of $4.5 trillion since they mentioned they were going to start ‘tapering.”  The media discusses this as a major tightening move.  Somehow all of our economies have finally worked because of central bank activity.  Growth is real.  It’s all positive.  The markets are evidence of that because of the levels they are at; and, therefore, these central banks, starting with the Fed, are going to reverse course of these last 10 years.  The reality is if you look at the actual activity of the central banks, beyond the Fed raising rates by a little bit, there hasn’t been and there isn’t being a reversal of course because they are scared to death that too much of a reversal is going to cause a major crash throughout the financial system. Everything is connected.  All the banks are connected.  Money flows around the world in less than nanoseconds, and all of it has the propensity to collapse if that carpet the central banks have created is dragged from beneath the floor of all this activity.” (more…)

By Greg Hunter’s USAWatchdog.com

Best-selling author Nomi Prins says two of the big wild cards are Donald Trump and Europe. Prins explains, “The biggest wild card is a combination. Trump is a wild card, but so is Europe. Right now, the political lens goes over to Europe. It’s caught between its old and potentially new structure and potential new political leadership. I think that is a major wild card now. That snakes through Russia, and that snakes through Eurasia relationships, and that relates back to Trump. The wild card is the linkages among those things.”

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Greg Hunter’s USAWatchdog.com  (Early Sunday release)

Best-selling author and journalist Nomi Prins says the next financial crisis will be much worse than 2008. Prins contends, “If you look at the beginning of 2016 . . . it’s indicative of the rest of the year. We are seeing declines everywhere, and they are significant declines. The stock market won’t be a correction, but indicative of more downward spiraling to come.”

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Greg Hunter’s USAWatchdog.com    (Early Sunday Release)

Former top Wall Street banker Nomi Prins says forget about a Fed Rate Hike in December. It’s not going to happen. Prins explains, “They are not going to raise rates in December. I didn’t think they were going to raise rates in September. . . . It wouldn’t have made sense for that to happen, and it’s not going to make more sense for the same reasons for December. In the next three months, economies thought the world will not be repaired, markets will not be stable, currencies will not be stable, and all of a sudden, interest rates will not have the need to rise to hurt other countries who are reducing their rates. So, the Fed is not going to move in December. . . . The factors around the policies, around economy, around the markets, don’t lend themselves to doing that. So, she (Janet Yellen) is in a catch 22 of her making and of the Federal Reserve’s making. The choice was made to bail out the financial institutions and prop up the markets with artificial money, and printing money, and reducing the level of interest rates, and reducing the level of currencies relative to the dollar throughout the world. That was the decision that was made. . . . The talk is ‘we will see what the economy does. We’ll see if unemployment is better. We’ll see if inflation is still low, and then maybe we will think about it.’ That is all code for we are not going to think about it because we are scared to move and cause a worse situation than the one we already created. ”

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By Greg Hunter’s USAWatchdog.com 

Best-selling author Nomi Prins says the only thing propping up the system is money printing. The tip of the iceberg was the Greek debt crisis. Prins says, “Before it happened, there was a lot of concern at the central bank level. That wasn’t really discussed very much in the press . . . but I believe behind the scenes there were a lot of fearful conversations about the financial system, not just the relationship of the euro and Greece politically, which was a part of it, but you don’t want any chips to fall off your table. Anything could open the door for a run on liquidity (cash), which is also why I talk about what individuals should do more and more now is try to preserve their own liquidity and to take more cash out of the markets or out of banks to just have on the side before this period of volatility, before we have the actual crash. This is a tenuous situation. I am afraid of things that look like a bail-in up to the level of a bail-in.”

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By Greg Hunter’s USAWatchdog.com

Best-selling author and former Wall Street investment banker Nomi Prins says no matter what you are told, “For all practical purposes, quantitative easing continues here as well as zero interest rate policy, and capital is available.  The ECB (European Central Bank) has just announced their next version of quantitative easing (money printing) . . . of course, there is the fear that, at some point, there is just no powder left in that gun, and at some point, it will go down.  The volatility you are beginning to see is indicative of that coming apart.  There is nothing else that has been propping up the market, and when there is nothing left to prop up the market, the markets are going to come apart.  It still hasn’t happened yet, but the enhanced volatility is a sign we are moving in that direction.”

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By Greg Hunter’s USAWatchdog.com     (Early Sunday Release)

Best-selling author and financial expert Nomi Prins says, “We are in a financial meltdown.  I said 9 or 10 months ago, it hadn’t happened yet, but it should happen because of the instability of a system that is supported by central bank maneuvers and not really anything organic and leveraging and reaching for yields in places like oil and natural gas and other places on the virtue of cheap money. . . . It kind of boggles the mind.  This QE is epic.  It’s historic.  It is larger and more insane that ever in history.  It is pan-global.  The reason that things have kind of stayed in place is because there was enough cheap money coming into the system and enough corporations getting it . . . that really kept the markets artificially buoyed by virtue of this cheap money coming  in.  (more…)

By Greg Hunter’s USAWatchdog.com 

Best-selling author Nomi Prins says the trouble with Ukraine, Iraq and Syria are happening because they are what she calls the “gateways.”  Prins explains, “What I call the gateways are the countries in the world where political and financial strategy connect in respect to the United States and its bankers. . . . Why do we care about the Ukraine?  We care about Ukraine because it’s a gateway to oil.  It’s a gateway to Eastern Europe.  It’s a gateway to control a situation politically, but also for our banking system to get involved from a financial perspective.  Putin understands Ukraine is a gateway, as well.  (more…)

By Greg Hunter’s USAWatchdog.com

Best-selling author Nomi Prins warns, “Never before have the Government and the Fed collaborated so extensively by propping up the banking system to the detriment of the population.”  Prins lays out a long history of the relationships between U.S. Presidents and bankers that date back to Teddy Roosevelt and JP Morgan.   On her new book titled “All the Presidents’ Bankers,” Prins contends, “That connection with Teddy Roosevelt was a very powerful established entity between two people that has allowed all this stuff that has happened in the last hundred years to really happen.  (more…)

By Greg Hunter’s USAWatchdog.com 

Nomi Prins, former Wall Street banker and author, says, “There’s this myth . . . that somehow the Fed’s quantitative easing (money printing) is helping to create jobs.”  What’s really going on?  Prins says, “The big six bank stocks are outperforming the rise in the stock market generally by ten times, and that is really not talked about very much, and that’s a big multiple.”  Prins goes on to say, “They are the ones who have received the most benefit, and they are the ones who are still in trouble.”  (more…)

By Greg Hunter’s USAWatchdog.com 

Former Goldman Sachs banker Nomi Prins says the financial system is more risky than before the 2008 meltdown.  Prins, who wrote the best-seller “It Takes a Pillage,” says, “We have greater concentration of . . . financial risk within fewer institutions.  So, we’re in a situation where there is moral hazard, but there is more recklessness beneath the surface because they know they can get away with it.”  (more…)

By Greg Hunter’s USAWatchdog.com (WNW 549 9.30.22)

President Trump is openly warning about the possibility of nuclear war with Russia over Ukraine.  Trump has offered to negotiate a peace deal, but no one is taking him up on his offer.  Instead, the U.S. Congress has approved a fresh $12 billion to keep it all going.  There are zero peace talks going on now, and Biden and NATO do not want them.  They want war, and it’s only a matter of time with the latest blowing up of the Nord Stream Pipelines that carry natural gas  from Russia to Germany. (more…)