Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever

Author:   Nomi Prins ,  Ellen Archer
Publisher:   Public Affairs
ISBN:  

9781668625712


Publication Date:   11 October 2022
Format:   Audio  Audio Format
Availability:   In stock   Availability explained
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Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever


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Overview

A riveting expos� of a permanent financial dystopia, its causes, and real-world consequences It is abundantly clear that our world is divided into two very different economies. The real one, for the average worker, is based on productivity and results. It behaves according to traditional rules of money and economics. The other doesn't. It is the product of years of loose money, poured by central banks into a system dominated by financial titans. It is powerful enough to send stock markets higher even in the face of a global pandemic and threats of nuclear war. This parting from reality has its roots in an emergency response to the financial crisis of 2008. Quantitative Easing injected a vast amount of cash into the economy--especially if you were a major Wall Street bank. What began as a short-term dependency became a habit, then a compulsion, and finally an addiction. Nomi Prins relentlessly exposes a world fractured by policies crafted by the largest financial institutions, led by the Federal Reserve, that have supercharged the financial system while selling out regular citizens and leading to social and political reckonings. She uncovers a newly polarized world of the mega rich versus the never rich, the winners and losers of an unprecedented distortion that can never return to normal.

Full Product Details

Author:   Nomi Prins ,  Ellen Archer
Publisher:   Public Affairs
Imprint:   Public Affairs
Dimensions:   Width: 15.00cm , Height: 2.80cm , Length: 14.40cm
Weight:   0.236kg
ISBN:  

9781668625712


ISBN 10:   1668625717
Publication Date:   11 October 2022
Audience:   General/trade ,  General
Format:   Audio
Publisher's Status:   Active
Availability:   In stock   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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Nomi Prins is a journalist, speaker, respected TV and radio commentator, and former Wall Street executive. She has a PhD in Political Economy and is the author of six books, including All the Presidents' Bankers, Other People's Money, and It Takes a Pillage, her writing has been featured in the New York Times, Fortune, Mother Jones, Guardian, and Nation, among others. She was a member of Senator Bernie Sanders (D-VT) Federal Reserve Reform Advisory Council, and is on the advisory board of the whistle-blowing organization ExposeFacts. Ellen Archer has narrated numerous audiobooks and has won several AudioFile Earphones Awards, as well as the prestigious Audie Award for best narration. She is an actress, and singer with a degree in opera performance from the Boston Conservatory. She has performed extensively on the New York stage and in regional theaters.

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