1. EachPod

Are The Big Banks Still Colluding? | Nomi Prins

Author
Adam Taggart | Thoughtful Money
Published
Fri 01 Nov 2024
Episode Link
https://podcasters.spotify.com/pod/show/thoughtful-money/episodes/Are-The-Big-Banks-Still-Colluding---Nomi-Prins-e2qdpai

The stock market has hit another all-time high this week, and Wall Street's profits for 2024 are off the charts -- nearly TWICE as high as last year's.

Meanwhile, the wealth divide in America continues to widen as average folks struggle with the post-COVID surge in cost of living and record high interest rates on their debt.

What does this growing difference between the haves and have-nots say about fairness in today's society?

And how much farther can it be stretched before some financial and/or social boiling over point is reached?

For perspective, we're fortunate to speak today with Nomi Prins, reformed Wall Streeter, author of best-sellers All The Presidents Bankers, Collusion: How Central Bankers Rigged The World, and Permanent Distortion: How the Financial Markets Abandoned The Real Economy Forever. She's also the publisher of Prinsights with Nomi Prins on Substack.

Follow Nomi at https://prinsights.substack.com/

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

#banks #wealthgap #wallstreet

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