Today’s episode originally aired on July 19, 2018. On this segment, host Allen Ruff and guest Nomi Prins take a deep dive into the current state of the global economy. Prins clarifies the difference between the economy, the financial system, and the monetary system and gives an insider’s look into the world of banking and finance. Topics include the increasing risks banks are taking, the effects of tariffs, military ramifications of the trade wars, the rise of cryptocurrency, and the relationship between debt and interest rates.
Nomi Prins is a former Wall Street investment banker turned journalist. Her books include Other People’s Money, It Takes a Pillage, All the Presidents’ Bankers, and most recently, Collusion: How Central Bankers Rigged the World (Nation Books, 2018). She writes columns at truthdig.com and TomDispatch.com.