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Permanent Distortion
- How the Financial Markets Abandoned the Real Economy Forever
- Narrated by: Ellen Archer
- Length: 10 hrs and 3 mins
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Summary
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.”
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
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What listeners say about Permanent Distortion
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- Fernando Moreira
- 18-10-22
Wakening of the Giant
Extremely educational books, worthy of being part of academic lessons in our schools.
Really good flow from the reader, and a great insight of the money machine. Very detailed and accurate.
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- Dr Peter Parkes
- 15-01-23
Now I understand
Things went up which should have gone down.
Things went down which should have gone up.
What caused this distortion ?
Now i know and understand.
Thank you Nomi
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- Andris Racko
- 19-01-23
Good book, easy to listen and lots of fakts.
Very well researched material and sounds like it is written from a neutral and unbiased position. I liked the book and suggest it to anyone who looking for answers how to navigate in life and not fail in big traps while looking how to solw small problems. 👍
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