Rachel’s note: Last week, we introduced financial expert, global investment banker, and Casey Research friend Nomi Prins.
As you may know, Nomi left the world of Wall Street after 15 years to shed light on corporate America’s greed.
Today, she’ll discuss how she predicted the 2008 financial crisis four years before it happened, how the Federal Reserve bailed out major banks, how that bailout opened the gates for a distortion between the markets and the real economy…
… And most importantly, she’ll talk about the massive opportunity in this distortion. To access her special briefing on how you can play this event, click here.
By Nomi Prins, editor, Inside Wall Street With Nomi Prins
Markets don’t care about you.
That’s one of the hard truths I’ve learned over my career as an international investment banker and investigative financial journalist.
They don’t care who you vote for, what you wear, where you live, or the size of your mortgage or rent payment.
And they’re not concerned about whether you work from home, work in a factory, or run your own business.
They only care about two things… money coming in and money going out. That’s it.
I saw this firsthand during my 15 years on Wall Street. But I left that world behind – including a cushy, seven-figure salary…
And I set out to expose the secrets of the systems that create and move money around.
Below, I’ll show you why. And I’ll share one of the key places money is flowing into today.
First, some background…
Scandals and Corporate Favoritism
I got my start as an analyst at the Chase Manhattan Bank.
I rose quickly through the ranks at Chase. And I went on to hold senior positions with Lehman Brothers, Bear Stearns London, and Goldman Sachs.
But as I told you last week, one day, I walked away from it all.
Since then, I’ve dedicated my life to helping people understand what’s happening in the world of money. And what it means for their wealth.
After I left Wall Street, I dug into the elite connections that shaped corporate favoritism… and the scandals that resulted.
And I warned of the calamity that would befall the financial system due to the house of cards Wall Street had created.
In fact, I forecast the 2008 financial crisis four years before it happened… And I wrote about exactly how and why it would unfold.
I published my first book about this in 2004, just two years after leaving Wall Street. It was called Other People’s Money: The Corporate Mugging of America.
In it, I warned that the “next bull market’s bust will be even more devastating than the last one.”
And I wrote this about the activities of big banks and insurance companies, such as AIG:
A brewing area of conflict of interest at the supermarket banks is their use of credit derivatives… The picture will only worsen when [insurers] start admitting their losses… which they are not obligated to disclose during their fall, but only when they hit bottom.
Four years later, these activities led to the $13 trillion mega-bank bailouts during the 2008 financial crisis – which were just the beginning.
I was one of the few insiders who dared to expose this exclusive global banking framework. And I wasn’t afraid to talk about it…
I did interviews on TV and radio… I spoke to audiences of students and politicians… I wrote numerous newspaper articles and books on the subject.
But nobody listened… until the crisis hit.
Then, my phone didn’t stop ringing. Interview and speaking requests came fast and furious.
Conjured Money and a Rigged System
Since then, I’ve made it my mission to shed light on the moral rot at the core of Wall Street and the shadiness of corporate America.
How the too-big-to-fail banks that got bailed out during the financial crisis had the tightest top-level government connections – and the most help from the Federal Reserve.
The blood, money, and power relationships between Wall Street banking dynasties and American presidents throughout the 20th century. These connections still impact our lives today…
I even filed Freedom of Information Act requests. I did this to uncover information at the Clinton and other libraries. I wanted to get to the bottom of how those banking-political relationships impacted ordinary people.
See, for years, major central banks have reinforced a rigged system that has brought more inequality to the world.
By the time the COVID pandemic hit, global central banks had conjured more than a $30 trillion monetary cushion to support major financial players and the markets.
And they did this at the real economy’s expense. The richest 1% hold more wealth than the seven billion other people on Earth.
That’s why disruptions to the prevailing system are set to intensify.
We’ll see civil and political unrest. But there will also be opportunities to profit…
The Greatest Wealth Transfer in History
That’s because we’re now at the point of no return from permanently subsidized markets.
In fact, we’re on the verge of the greatest wealth transfer in the history of America. It’s a $150 trillion shift I call “The Great Distortion.”
This transfer of wealth is being led by the U.S. Treasury Department… America’s biggest banks and corporations… and billionaires like Jeff Bezos and Elon Musk.
Their goal? A complete transformation of America.
Those who fail to prepare could be left behind. But the good news is that investors who see what’s coming could multiply their nest egg ten-fold with a few key investments.
I put together a special briefing all about this $150 trillion wealth transfer… and how you can get in on the action.
To watch it, click here.
Editor, Inside Wall Street With Nomi Prins