Nomi Prins is a former managing director at Goldman-Sachs, a former Senior Managing Director at Bear Stearns, and a former senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. She is currently an American author, journalist, and public speaker.
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Nomi Prins: Crony Capitalism & Corruption – An Entirely Rigged Political-Financial System
ZeroHedge 11/16/2015 – Via Jesse’s Cafe Americain,
Too big to fail is a seven-year phenomenon created by the most powerful central banks to bolster the largest, most politically connected US and European banks. More than that, it’s a global concern predicated on that handful of private banks controlling too much market share and elite central banks infusing them with boatloads of cheap capital and other aid.
Synthetic bank and market subsidization disguised as ‘monetary policy’ has spawned artificial asset and debt bubbles – everywhere. The most rapacious speculative capital and associated risk flows from these power-players to the least protected, or least regulated, locales.
There is no such thing as isolated ‘Big Bank’ problems. Rather, complex products, risky practices, leverage and co-dependent transactions have contagion ramifications, particularly in emerging markets whose histories are already lined with disproportionate shares of debt, interest rate and currency related travails.
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Prins: “I’m talking about an entirely rigged political-financial system.”
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It is time to get the system… “de-rigged.” It is time to ‘level the playing field.’
The mechanism: Granting U.S. citizens the same direct access to liquidity extensions that the Fed so generously provided to Wall Street’s financial sector: Goldman Sachs, Bank of America, State Street, JP Morgan, Merrill Lynch, AIG, Morgan Stanley, UBS, Barclays, Royal Bank of Scotland, and many others – during the great financial crisis years (2008 – 2010).
The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens. It is a comprehensive plan with long-term economic and social benefits for citizens and government.
The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.
The Leviticus 25 Plan – An Economic Acceleration Plan for America
$75,000 per U.S. citizen – Leviticus 25 Plan 2020 (3342 downloads)