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Collusion: How Central Bankers Rigged the World

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3.84  ·  Rating details ·  190 ratings  ·  25 reviews
In this searing exposéformer 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
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Hardcover, 384 pages
Published May 1st 2018 by Bold Type Books
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Average rating 3.84  · 
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Dee Arr
Apr 15, 2018 rated it really liked it  ·  review of another edition
Shelves: history, reference
During the Introduction and the opening chapters (on Mexico and Brazil), I was caught up in the incredible amount of knowledge that juggernauted its way through the pages. After an overview of what has happened in the world due to the central banks, author Nomi Prins than backtracked and provided a fascinating breakdown for various countries. Each chapter takes you in a different direction, but you begin to see how everything ties together and, of course, how one central bank’s actions affect th ...more
Glen
Jun 18, 2018 rated it liked it
I won this book in a goodreads drawing.

A history of how the big banks caused the financial meltdown of 2008. I don't completely agree with all the author's conclusions, but I felt better informed after I read this.
Mike
May 19, 2018 rated it it was ok
Recommended to Mike by: Dixon
I would guess a good 98% of this book is just regurgitating news which has been available to all over the past 15-20 years without much comment on the part of the author. This makes the read extremely dry if not a tad wonky. In fact, it is hard to stop from glazing over with the neverending numbers and her love of abbreviations and acronyms. Then, in her conclusion (only a few pages) she comes alive and makes some great points. If only she had commented, drawn parallels, given opinions in the re ...more
Evan
Jul 02, 2018 rated it it was ok
I read this book after hearing Nomi Prins interviewed by Erik Townsend on the Macrovoices podcast. I thought the interview was fascinating enough that I should read her book. After reading the book, I thought of something I heard said from Patrick O'Shaughnessy (Invest Like the Best podcast) - it is rare that a book is worth reading after hearing the author interviewed. That is how I feel. I also agree with the 5 other reviews currently on Goodreads. First, the first sections on Brazil and Mexic ...more
Michael
Jul 17, 2018 rated it really liked it
Nomi Prins does a deep dive into the activities of central banks from the 2008 crisis through 2017. It's a difficult (for me!) but very insightful look at how the central bankers went wild with conjuring money and how so little of it caused any real economic growth. It's incredibly well-sourced and detailed. It covers the Bank of Japan, the People's Bank of China, Bank of Brazil, and the European Central Bank. It ends with a brief conclusion about what could be done.

I have three main criticisms
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Writemoves
One of the biggest current debates concerns the merits of capitalism versus socialism. In the United States, socialism is a dirty word, particularly in the political realm. Collusion is a very well researched book About the activities of the central banks in various countries like Mexico,Japan, Brazil and China, as well as Europe. The United States took the lead of pumping money into private banks through an unconventional monetary policy process called quantitative easing. QE is an overtly comp ...more
John  Mihelic
Nov 04, 2018 rated it really liked it
I like Ms. prins' other works, and this is a continuation of the same. She is wary of the bankers at the center of our economies, and this is a good history that shows where things have gone wrong recently (and kudos to her for looking at other central banks than just the Fed. I learned a lot about the Mexican Central Bank in this book). For me the only problem is that she derides the actions of the global central banks in two terms. The first is collusion, where different banks gave the others ...more
Chris
Sep 10, 2018 rated it liked it
Boy-howdy dense! A treasure of information, but not a lot in the way of a narrative putting it all together for the poor, ignorant reader. I'm generally a reader willing to do the work, and I have a business degree for whatever that's worth, but there so many interest rates, financial terms and acronyms.

I learned the names of the 21st-century heads of various central banks and that most of them say one thing and do another, and that their collective management is not only corrupt (which I knew
...more
David
Dec 17, 2019 rated it it was amazing
Shelves: finance
Great author .. Big girl Nearly VP level bear Sterns I believe of finance / trading banking . Rips for 4th time the Central banks setting up the world to explode via endless debt that can collapse if they don't feed the monster with TAXPAYER aka GOV free money to banking system. The ECB aka central bank of Europe is already collaping under their constant FEEDING THE MONSTER. WE IN USA NEED TO TREAT TRADE, LABOR (great paying jobs) AND CURRENCY AS WAR. Central banks will destroy your grand childr ...more
Debra Daniels-zeller
Jul 25, 2019 rated it it was amazing
Shelves: nonfiction, politics
Wow. This book was a slow read but well-worth slogging through details. The title says it all and the narrative takes the reader around the world following the big economic collapse over a decade ago. After the economic collapse, central banks created $21 trillion of money to stave off a global depression. But the money never trickled down to actually help anyone. This is what crony capitalism looks like and the wreckage it leaves behind. First stop is Mexico, followed by Brazil, China, Japan an ...more
Jewel
Sep 28, 2020 rated it it was amazing
Excellently written book on a complicated topic. Author made it entertaining to read. I admit that there were chunks of it that went over my head, but I got the gist of it and think I will get more out of it from my second read through. But that's only because I am a layperson in this area, so no fault of the author's. Eerie similarities between past event and what is going on right at this time. Thanks, Nomi, for doing your best to bring the truth to light for people like me.
Mel
Jun 06, 2018 rated it really liked it
This is a dense read and best done ion small chucks or one chapter per sitting/day. What caused the financial crisis in 2007-8? The direct cause in the United States. Big banks, the stock markets, and elites created the policies and instruments that failed. Collusion by central banks to save big banks and investors failed banks failed to solve the problem. This book explains why. It also makes the case why it can happen again. Worthy of a read and discussion. Circle
Luis Lopez
Aug 14, 2018 rated it did not like it
Shelves: did-not-finish
Unfortunately the author did not tell the story in a chronological manner that made sense. I understand that she tried to tell the story from the perspective of each of the countries she mentioned, but even within each country/chapter she bounced around a lot with dates.
William Baresel
Jul 26, 2020 rated it liked it
An explanation of interest rate swaps that is very upsetting. It appears that most of the returns being generated are created by manipulating interest rates all over the world. A good beginner book, but I wanted something deeper. Despite its length, it seemed surface level.
Michael
May 31, 2020 rated it liked it
Great book for what it is, the back and forths between central banks over recent times. I found it very interesting to glimpse into the world of the central bankers and how this political system works. The content, however, can be understandably, very, very dry.
Gerald De
Sep 02, 2018 rated it it was amazing
Superbly detailed. Things we need to understand.
Bryan
Sep 08, 2018 rated it liked it  ·  review of another edition
very boring required reading
Lindsay
Jun 01, 2019 rated it it was ok
Pretty dry.
Alex
Mar 05, 2020 rated it liked it
It was okay. The author wrote at too high of level for me to stay interested. Made it half way and skipped to the conclusion.
Gary Herick
Sep 13, 2018 rated it it was amazing
Very good book, get a hold of this one. Powerful new information and rather scary, when you look at the big picture.
Jack Teng
Jul 13, 2018 rated it it was amazing
Essential read
Alexander
Oct 18, 2018 rated it liked it
Immense. Thorough. Reads like a dry reference.
Yalman Onaran
Feb 22, 2019 rated it liked it
Raises some interest points as always and correctly identifies the addiction to easy money in the developed markets. A bit too nice on China and other emerging markets perhaps.
John Hively
Nov 29, 2019 rated it it was ok
This was not an interesting book. Basically, the story is told like this: So and so did this, the Fed did that, the central bank of Bolivia did this because or that, and the Fed "conjured money" to the tune of $4.5 trillion and called it quantitative easing. Incredibly boring. It is just a list of stuff, not really a decent read at all. The story is important. The rich were saved via "conjured money" from the Fed, and this policy had repercussions across the Earth, and other central bankers asid ...more
Arvydas
rated it really liked it
Jan 24, 2020
Tai Tai
rated it liked it
Jul 10, 2019
Ben B
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Dec 03, 2019
Jameson Goetz
rated it it was amazing
Aug 05, 2019
Faisal
rated it liked it
Feb 08, 2018
Victor Espinoza
rated it really liked it
Jul 20, 2020
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Nomi Prins is a former global investment banker, financial journalist, and sought-after international speaker and economic advisor, Her new book Collusion: How Central Bankers Rigged the World is out May 1, 2018. Her previous books include All the Presidents' Bankers: The Hidden Alliances that Drive American Power , It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washi ...more

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