Episode

6/13 Collusion: How Central Bankers Rigged the World w/ Nomi Prins

June 13, 2018

Author Nomi Prins (@nomiprins) joins us to discuss her new book, Collusion: How Central Bankers Rigged the World.

On today’s show: 74-year-old Rudy Giuliani’s still got it, had an affair with a married New Hampshire hospital administrator. High school pitcher Ty Koehn strikes out childhood friend, gives him a hug afterwards. Wisconsin Democrats win special election Scott Walker tried to keep from happening. Nazi Corey Stewart wins Republican primary in VA, setting him up to run against Tim Kaine.

Journalist and author Nomi Prins joins us to discuss the role central banking played in the financial crisis of 2008 and subsequent bank bailout. The purpose the central bank is supposed to serve: lender of last resort, regulator. A brief summary of how private banks knowingly caused the 2008 crash with their subprime mortgage pyramid scheme. How the government wound up insuring toxic assets. Why Bush and Obama gave bailout money to the banks directly, rather than homeowners who owed money to banks. The ideology driving this anti-populist decision. An explanation of quantitative easing. The problem with conjuring money from thin air and giving it to the wrong people. Are there any institutional fixes?

On the fun half: John from San Antonio on ranked choice voting. Anthony in Miami on voter suppression in Ohio. Trump’s North Korean propaganda video. Rachel Maddow’s theory that Putin is dictating Trump’s NK policy. How Elon Musk is different from pro athletes. Fox and Friends on Trump’s tweets about Robert DeNiro. Awesome anarchist/veteran/dad curses out Seattle’s city council for repealing corporate tax that would’ve helped the homeless. Domino’s Pizza steps up to repair America’s crumbling infrastructure. A caller questions the definition of money. A caller points out that a WSJ article validated Maddow’s “theory” before she even came up with it.

Consider donating to listener Lauren’s fundraiser for her mom’s medical treatment at gofundme.com/please-support-miriam.

Become a member of the Majority Report at JoinTheMajorityReport.com

Check out The Michael Brooks Show at patreon.com/tmbs

Check out Matt’s new podcast, Literary Hangover, at Patreon.com/LiteraryHangover or on iTunes.

Check out Jamie’s podcast, The Antifada, at patreon.com/theantifada or on iTunes

Follow the Majority Report crew on Twitter:

@SamSeder

@_michaelbrooks

@MattLech

@jamie_elizabeth

@Bf1nn

Past Episodes

On today's show, Mehdi Hassan (@mehdirhasan) from the Intercept and Al Jazeera joins Sam to discuss the case to impeach Trump and Film Guy Matthew Weiss (@langdonboom) to give us an update on his eBay store and some film recommendations. Mehdi and Sam begin their conversation talking about ...
Joining Michael Brooks this Thursday is Miles Kampf-Lassin to discuss his piece, "No One Should Ever Listen to Anything Rahm Emanuel Has to Say About Politics" at In These Times. While the now former mayor of Chicago embarks on his path to punditry, Brooks and Kampf-Lessin hope to show why ...
On today's show: Steve Mnuchin says the Harriet Tubman redesign of the $20 bill has been postponed. Beto says we don't have time to do Medicare-for-all because people are sick now. Rep. Sylvia Garcia asks Carson why HUD is looking to make children of migrants homeless. Ben Carson explains why ...