This post Collusion: How Central Bankers Rigged the World appeared first on Daily Reckoning.
The word “collusion” has come to be associated with Russia, Trump and the U.S. election.
But my new book, Collusion: How Central Bankers Rigged the World, is about something entirely different and much more global:
The collusion (or coordination) that the U.S. central bank (the Federal Reserve) forged with other major central banks to fabricate money in the wake of the 2008 financial crisis.
That money went to support the U.S. financial system at first, and it later spread to markets worldwide.
Collusion is about these powerful institutions’ relationships with each other.
The book dives into how central banks rigged markets and ultimately created more inequality and instability as a result.
They did all of this in order to subsidize private banks at the expense of everyday people everywhere.
The book reveals the people in charge of these strategies, their elite gatherings and public and private communications. It uncovers how their policies rerouted economies, geopolitics, trade wars and elections.
The great American novelist F. Scott Fitzgerald actually gets credit for my new book…
A decade after I left my final Wall Street post — as a managing director at Goldman Sachs — it was The Great Gatsby that carried me back in time and forward in geography.
Here’s how it went down.
After I’d written the book It Takes a Pillage about the 2008 financial crisis, I was exhausted. Not from writing, but from the sheer ignorance that the global elite had, and still have, of the banking, economic and financial conditions that led to disaster.
In 2004, my book Other People’s Money warned exactly how the 2008 financial crisis would unfold. Sadly, I was right. In the wake of the chaos, I needed a break.
Attempting to unplug, I wandered into my local library to just spend an afternoon perusing. Right there in the front, I saw something that caught my eye. A poster for “Great Gatsby month” activities around in the neighborhood including 1920s music, readings, specialty drinks in local bars and a discussion of the book at a senior citizens’ community club.
By returning to the glitz and drama of the 1920s, it hit me. The same banks that had perpetuated the crash of 1929 had perpetuated the crash of 2008!
The same families and their confidantes over decades had consistently set the stage for expansion and crisis — always to their benefit.
By researching the Big Six banks and their leaders that protected their interests at the expense of the rest of the population, I constructed the foundation of my nonfiction book, All the Presidents’ Bankers.
I traveled the U.S. from New York to California, from Kansas to Texas, digging into the presidential libraries for documents relegated to the coffins of history until I uncovered them.
They revealed key findings — that for the past century of American history, the same banks and their bankers exuded influence over presidents from both parties.
Then came a life-changing moment.
A year after the book came out, I got an email. It …read more
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