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Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever Audiobook
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A riveting exposé 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.”
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Permanent Distortion Listener Reviews
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GWL, 10/23/2023
About Nomi Prins
Nomi Prins is the author of seven books, including Collusion: How Central Bankers Rigged the World. She is an international economist, investigative journalist, geopolitical financial expert, and outspoken advocate for economic reform. She is a regular television commentator who has appeared on the BBC, CNN, Bloomberg, CNBC, MSNBC, CSPAN, Fox Business, and PBS. She has appeared in numerous documentaries featured internationally. She has delivered keynote speeches to a variety of outlets including the Federal Reserve, IMF, World Bank, UK Parliament, Mexican Senate, US Senate, Tokyo Stock Exchange, Google, Colombia University, and the London School of Economics. She was a global Wall Street executive for a decade-and-a-half, was once a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, and worked as a senior strategist at Lehman Brothers and Chase Manhattan Bank. Learn more about her at: nomiprins.com
About Ellen Archer
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.