Nomi Prins at the Metropolitan Club

I attended Nomi Prins’s talk last night at the Metropolitan Club. I hadn’t heard of her before, but it was recommended by a friend and proved to be a worthwhile time:

Nomi Prins is a leading critic of too-big-to-fail banks, the Federal Reserve and central banks. As a former Goldman Sachs and Bear Stearns executive, Nomi speaks as a Wall Street insider who questioned the party line and left the gravy train. She is the author of six hard-hitting books and an outspoken journalist, TV/radio commentator and public speaker.

In “All The Presidents’ Bankers”, Nomi unearths the backroom deals and multi-generational relationships that made the big banks America’s greatest practitioners of crony capitalism and how the Federal Reserve operates outside the Constitution’s checks and balances.

In her latest book, “Collusion: How Central Bankers Rigged the World“, Nomi exposes how the 2007-2008 financial crisis turbo-boosted the influence of central bankers in the global economy and set in motion the wave of populism sweeping Europe and the United States. First came the Tea Party. Then Donald Trump, Brexit and the downfall of Angela Merkel.

Nomi explains where the $21 trillion dollars the central banks created out of thin air went. She isn’t afraid to address the elephant in the room: the Federal Reserve printing money to underwrite our warfare state, distort markets and impact the international economy.

Refreshing hearing someone from Wall Street speak honesty—not only about the lows of the “Big Short” era and the Great Recession, but also about the sort of governance that would lead to a healthier financial system that is at the service of the human person.

First time visiting the Metropolitan Club, whose history is similar to the Union League and so many other clubs born during the Civil War era:

The Metropolitan Club is one of Washington’s oldest and most valued private institutions. Since its founding in 1863, at the height of the Civil War, by six Treasury Department officials, it has pursued its primary goal of furthering “literary, mutual improvement, and social purposes.” Today, more than 150 years after its founding, the Club continues to attract distinguished members from around the world.

The Metropolitan Club’s proximity to the White House and other icons of the nation’s capital has made it a destination for many local, national and international leaders, including nearly every U.S. President since Abraham Lincoln. Its location and dedication to a tradition of social civility provide members with a haven from the bustle of Washington’s professional life…