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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.
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By jeff on 06-05-18
Long on detail short on meaning
If you are buying this book to understand the ethics of central banking move on. It's an important string of details that build an argument for, as the title says "Collusion" among central bankers. However Prins avoids an examination of the moral hazard of self interested private bankers determining our monetary policy and much of the world economy.
2 of 2 people found this review helpful
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By Robert Barwick on 06-18-18
Nomi Prins has amassed the evidence to prove that, since the 2008 crash, most of the world's central banks, except China's, have colluded to prop up the private banks that caused the crisis, at the expense of the public who were the victims of the crisis. Collusion proves the system needs a major overhaul, beginning with a Glass-Steagall separation of banking that serves the real economy, from the mess of speculation and derivatives that is the cancer in the global financial system.
By Gene W on 06-16-18
This book is striking in as that it leaves out all of the Espionage that is shown to have happened between the Russians and the Chinese government and attacks on the financial institutions 2008. Also I did not much care for the Miss quotations of political statements regarding Mexico it was unnecessary and not a further the story at all.