
Collusion
How Central Bankers Rigged the World
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Narrated by:
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Ellen Archer
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By:
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Nomi Prins
About this listen
In this searing expose, former Wall Street insider Nomi Prins shows how the 2007-2008 financial crisis turbo-boosted the influence of central bankers and triggered a massive shift in the world order. Central banks and international institutions like the IMF have overstepped their traditional mandates by directing the flow of epic sums of fabricated money without any checks or balances. Meanwhile, the open door between private and central banking has ensured endless opportunities for market manipulation and asset bubbles - with government support.
Through on-the-ground reporting, Prins reveals how five regions and their central banks reshaped economics and geopolitics. She discloses how Mexico navigated its relationship with the US while striving for independence and how Brazil led the BRICS countries to challenge the US dollar's hegemony. She explains how China's retaliation against the Fed's supremacy is aiding its ongoing ascent as a global superpower and how Japan is negotiating the power shift from the West to the East. And she illustrates how the European response to the financial crisis fueled instability that manifests itself in everything from rising populism to the shocking Brexit vote.
Packed with tantalizing details about the elite players orchestrating the world economy - from Janet Yellen and Mario Draghi to Ben Bernanke and Christine Lagarde - Collusion takes the listener inside the most discreet conversations at exclusive retreats like Jackson Hole and Davos.
A work of meticulous reporting and bracing analysis, Collusion will change the way we understand the new world of international finance.
©2018 Nomi Prins (P)2018 Hachette AudioListeners also enjoyed...
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Critic reviews
"Central banks, led by the Federal Reserve, are the opioids for private banks addicted to being reckless with other people's money. Prins, drawing from her previous work in Wall Street firms and her present field research around the world, says, 'We are headed for another epic fall.' Taxpayers, workers and consumers who will suffer from another bailout, all better read this clear, concise, compelling book." (Ralph Nader)
"A somber, important warning that's likely to cause readers to wonder about the safety of their assets, if not fear for the near-term future." (Kirkus Reviews)
"[An] unflinching, troubling exposé... well worth a close read by anyone looking to understand the roots of the last crash and prepare for the next." (Publishers Weekly)
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The Amusement Park
- 900 Years of Thrills and Spills, and the Dreamers and Schemers Who Built Them
- By: Stephen M. Silverman
- Narrated by: Allan Corduner
- Length: 12 hrs and 52 mins
- Unabridged
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Step right up! The Amusement Park is a rich, anecdotal history that begins nine centuries ago with the "pleasure gardens" of Europe and England and ends with the most elaborate modern parks in the world. It's a history told largely through the stories of the colorful, sometimes hedonistic characters who built them. And, of course, this is a full-throttle celebration of the rides, those marvels of engineering and heart-stopping thrills from an author, Stephen Silverman, whose lifelong passion for his subject shines through.
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A thorough history of amusement.
- By Dayton Burbs on 01-01-24
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In the Garden of the Righteous
- The Heroes Who Risked Their Lives to Save Jews During the Holocaust
- By: Richard Hurowitz
- Narrated by: Paul Heitsch
- Length: 14 hrs and 29 mins
- Unabridged
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Less than a century ago, the Second World War took the lives of more than fifty million people; more than six million of them were systematically exterminated through crimes of such enormity that a new name to describe the horror was coined: the Holocaust. Yet amid such darkness, there were glimmers of light—courageous individuals who risked everything to save those hunted by the Nazis.
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Must read! Outstanding and compelling! Couldn’t stop until the end.
- By Integrity personified on 03-03-23
By: Richard Hurowitz
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The Red Market
- On the Trail of the World's Organ Brokers, Bone Thieves, Blood Farmers, and Child Traffickers
- By: Scott Carney
- Narrated by: Scott Carney
- Length: 6 hrs and 43 mins
- Unabridged
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Award-winning investigative journalist and contributing Wired editor Scott Carney leads listeners on a breathtaking journey through the macabre underworld of the global body bazaar, where organs, bones, and even live people are bought and sold on The Red Market. The Red Market sheds a blazing new light on the disturbing, billion-dollar business of trading in human body parts, bodies, and child trafficking, raising issues and exposing corruptions almost too bizarre and shocking to imagine.
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an important book on an overlooked subject
- By Anonymous User on 06-07-20
By: Scott Carney
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The Space Barons
- By: Christian Davenport
- Narrated by: Will Collyer
- Length: 10 hrs and 58 mins
- Unabridged
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The Space Barons is the story of a group of billionaire entrepreneurs who are pouring their fortunes into the epic resurrection of the American space program. Nearly a half century after Neil Armstrong walked on the moon, these Space Barons—most notably Elon Musk and Jeff Bezos, along with Richard Branson and Paul Allen—are using Silicon Valley-style innovation to dramatically lower the cost of space travel and send humans even further than NASA has gone.
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An Incredible Modern Story Well Told
- By Greg Autry on 04-06-18
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Soul Full of Coal Dust
- A Fight for Breath and Justice in Appalachia
- By: Chris Hamby
- Narrated by: Gary Tiedemann
- Length: 14 hrs and 1 min
- Unabridged
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Decades ago, a grassroots uprising forced Congress to enact long-overdue legislation designed to virtually eradicate black lung disease and provide fair compensation to coal miners stricken with the illness. Today, however, both promises remain unfulfilled. Levels of disease have surged, the old scourge has taken an aggressive new form, and ailing miners and widows have been left behind by a dizzying legal system, denied even modest payments and medical care.
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A perfect blend of informational and interesting
- By Josh Boyle on 09-12-20
By: Chris Hamby
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Operation Thunderbolt
- Flight 139 and the Raid on Entebbe Airport, the Most Audacious Hostage Rescue Mission in History
- By: Saul David
- Narrated by: Peter Ganim
- Length: 14 hrs and 49 mins
- Unabridged
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On June 27, 1976, an Air France flight from Tel Aviv to Paris was hijacked by a group of Arab and German terrorists who demanded the release of 53 terrorists. The plane was forced to divert to Entebbe in Uganda - ruled by the murderous despot Idi Amin, who had no interest in intervening. Days later, Israeli commandos disguised as Ugandan soldiers assaulted the airport terminal, killed all the terrorists, and rescued all the hostages but three who were killed in the crossfire. The assault force suffered just one fatality.
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A story of true courage and political resolve
- By Gabe Schwartz on 01-28-16
By: Saul David
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I'm Not Really a Waitress
- How One Woman Took Over the Beauty Industry One Color at a Time
- By: Suzi Weiss-Fischmann
- Narrated by: Sarah Mollo-Christensen
- Length: 6 hrs and 7 mins
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Inspiring women to pursue their own colorful dreams, I'm Not Really a Waitress tells the story of how Suzi Weiss-Fischmann transformed a small dental supply company into a number one beauty brand around the world.
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Amazing Woman
- By Joanie on 03-22-25
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More
- A History of the World Economy from the Iron Age to the Information Age
- By: Philip Coggan
- Narrated by: Philip Coggan, Kris Dyer
- Length: 15 hrs and 29 mins
- Unabridged
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From the development of international trade fairs in the 12th century to the innovations made in China, India, and the Arab world, it turns out that historical economies were much more sophisticated that we might imagine, tied together by webs of credit and financial instruments much like our modern economy.
By: Philip Coggan
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See You Again in Pyongyang
- By: Travis Jeppesen
- Narrated by: Will Collyer
- Length: 12 hrs and 2 mins
- Unabridged
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From terrifying missile tests, its unmissable Olympic cheering squad, and the war of words between President Trump and Kim Jong Un - not to mention stranger-than-fiction stories of purges and assassinations - news from North Korea has dominated global headlines. But what is life there actually like? In See You Again in Pyongyang, Travis Jeppesen, the first American to complete a university program in North Korea, culls from his experiences living, traveling, and studying in the country to create a multifaceted portrait of the country and its idiosyncratic capital city.
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Save me from the hippie millennials with a PhD
- By Verified purchaser on 06-21-18
By: Travis Jeppesen
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Excluded
- How Snob Zoning, NIMBYism, and Class Bias Build the Walls We Don't See
- By: Richard D. Kahlenberg
- Narrated by: Graham Winton
- Length: 9 hrs and 32 mins
- Unabridged
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The last acceptable form of prejudice in America is based on class and executed through state-sponsored economic discrimination. While the American meritocracy officially denounces prejudice based on race and gender, it has spawned a new form of bias against those with less education and income. Millions of working-class Americans have their opportunity blocked by exclusionary snob zoning. These government policies make housing unaffordable, frustrate the goals of the civil rights movement, and lock in inequality in our urban and suburban landscapes.
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Everyone should read
- By P Willis on 09-17-23
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Pale Rider
- The Spanish Flu of 1918 and How It Changed the World
- By: Laura Spinney
- Narrated by: Paul Hodgson
- Length: 10 hrs and 4 mins
- Unabridged
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In this gripping narrative history, Laura Spinney traces the overlooked pandemic to reveal how the virus travelled across the globe, exposing mankind's vulnerability and putting our ingenuity to the test. As socially significant as both world wars, the Spanish flu dramatically disrupted - and often permanently altered - global politics, race relations, and family structures while spurring innovation in medicine, religion, and the arts.
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A Predilection for Those in the Prime of Life
- By Cynthia on 02-12-18
By: Laura Spinney
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Dead Reckoning
- The Story of How Johnny Mitchell and His Fighter Pilots Took on Admiral Yamamoto and Avenged Pearl Harbor
- By: Dick Lehr
- Narrated by: Will Damron
- Length: 12 hrs and 55 mins
- Unabridged
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“AIR RAID, PEARL HARBOR. THIS IS NOT DRILL.” At 7:58 a.m. on December 7, 1941, an officer at the Ford Island Command Center frantically typed what would become one of the most famous radio dispatches in history as the Japanese navy launched a surprise aerial assault on the American navy stationed in Hawaii. In a little over two hours, the Japanese killed more than 2,400 Americans and propelled the US’s entry into World War II. Dead Reckoning is the story of the mission to avenge that devastating strike.
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Half Soap Opera, target audience 20 something male
- By Donald L. Hogan on 03-20-21
By: Dick Lehr
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How to Write a Sentence
- And How to Read One
- By: Stanley Fish
- Narrated by: Rick Adamson
- Length: 5 hrs and 12 mins
- Unabridged
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Like a seasoned sportscaster, Fish marvels at the adeptness of finely crafted sentences and breaks them down into digestible morsels, giving listeners an instant play-by-play. Drawing on a wide range of great writers, from Philip Roth to Antonin Scalia to Jane Austen, How to Write a Sentence is much more than a writing manual—it is a spirited love letter to the written word, and a key to understanding how great writing works. It is a book that will stand the test of time.
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Excellent book for writers
- By missbizinla on 07-15-23
By: Stanley Fish
A must read!
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Great read
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Very detailed
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A clear insightful narrative of monetary collusion
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Proving and providing how the rich got richer.
Collusion
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I read this book to learn about the central banks. I suspected there was collusion of some type.
Naomi details the collusion in an interesting way…never boring. Well worth your time
Excellent book
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How about the analysis, then? Instantly, peeves jumped out here. One was the repetition of certain trademark phrases, murky and ill-defined. Collusion was one. How is it distinguished from cooperation? Well, if one accepts the (not thoroughly historically grounded) evil bankers subtext, then I guess we could use that term carelessly thereafter. But that narrative, often some sort of faintly leftish populist whining to my ears, isn't neatly pinned to the history and facts. We just need to swallow the author's POV. A better book, IMO, would elevate the discussion by explicating the nuances, dilemmas, trade-offs and alternatives faced by these actors in those times. Instead, we have simplistic breezy passages skipping by these matters, and too much of a tone of resentful sniping (expressed in simplistic, overused catch-phrases). I guess I should be satisfied with these cues for what I should uncritically conclude alongside this author. Of course elitist bankers who go to Davos are wrecking our lives and crushing the noble aspirations of emerging economies, right? (I do agree with her point that the Fed fumbled subprime regulation pre-crisis. OK, there is a whole history there, written up elsewhere, not explicated here, but then? What new insights are to be found? Once the edifice was in collapse, after centuries of a buildup of this semi-private weird banking system, AT THAT JUNCTURE, what tools were at hand, what alternative risks? Eternal resentment is the cheap shot for a thinker and author, I believe.) How, for example, would things be different if the (supposedly) noble Joe Six-Packs of the world (who had just themselves heedlessly plunged off a cliff into subprime home loans they signed) had been simply handed wads of money? That is impliedly (I think? I am left to conjecture in this murk) suggested as a better thing, but not explored. What might have happened without these bankers' machinations? We simply get recrimination here, mostly. This same casual tossing about of words and assumptions surrounds the oft-used (and useless, and carelessly constructed, and pejorative) term money-conjuring. Hello: we got a central bank to get elasticity in currency aggregates when needed. But none of that (troublingly nuanced and complex stuff, though not beyond the reach of this book's audience) is here. Instead, we can take a sniping tone to suggest these Davos elites are some sort of malevolent witches, cackling and conjuring money as if around a cartoon cauldron. So too, this author in any situation of ambiguity invariably defaults to criticizing US financial elites, versus any of the other (I will say, at least equally greedy, scheming, self-interested) players and I think she tends to laud others in other nations who are playing the same games, usually less aptly (IMO).
Finally, the excessive casualness appears in imputing intentions and motives to people and whole nations unsupported by the data points provided. Several times we are told what Ben Bernanke's aims were, alongside his quotes that are more intelligent and nuanced than the author tried to nudge us to believe. And, I recall a phrase, not unusual in its style in this book, of the sort, "the United States believed ...." That is absurd on its face. The USA is not a monolithic entity that believes some simple linear thing. Some person(s) within the USA took a position, yes. It would be more accurate to call the USA completely schizophrenic than to impute such a narrow belief. I.e., this has low information content.
I would, if editing this, have, I believe, helped push this author harder point by point to produce a far more justifiably penetrating and influential work. The promise is here, the framework is here, the execution falls short. I think All the President's Bankers by her had almost identical issues.
Fair history survey, lazy characterizations
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Great behind the scenes detail
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I’ve been studying economics on my own for several years and find your intellectual honesty refreshing. You are obviously somewhat farther to the left politically than I am, and I cringed at what I found to be gratuitous comments about Trump which had nothing to do with the story, but I will read anything you write about economics.
I would love for you to give Jennifer Burns a call. I’m sure you’re familiar with her and her recent publication Milton Friedman the last conservative. His contribution to economics Is enormous and the application of his monetary theory by Paul Volcker as told by Jennifer Burns is fascinating.
In permanent distortion you tell the story of the unraveling of what I would consider the natural law of economics, supply and demand, consumption function, effects of creating or conjuring as you said all this money out of nowhere has led to unexpected consequences On a massive global scale. I’d love for you to write about what I consider to be the use of reverse repos To help keep cash out of the real economy as well as other tricks they’ve used.
I just specially like for you to give Jennifer Burns a call and for you guys to Co-author a book on the. Especially from 2007 Forward. With your expertise in hindsight, I would like for you to evaluate the effect of Lynn and Johnson‘s war on poverty and Vietnam war expenditures at the same time implementing the Kennedy tax cuts which is I understand it was the real beginning of the inflation that would run rampant at the end of Jimmy Carter’s term and lead to his losing the election.
The delays associated with the actions that are being taken cause so much misinterpretation of what’s going on in the economics globally. I’d like your evaluation of the feds basically taking on the liability for every dollar in every bank even though they’re not officially insured as a result of the Silicon Valley banks bail out. I’ll stop here you know the list. Please give Jennifer Burns a call. I am waiting for that book!
Excellent telling of a complex economic tale
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Central banks is the biggest scam
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