
Permanent Distortion
How the Financial Markets Abandoned the Real Economy Forever
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Narrated by:
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Ellen Archer
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By:
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Nomi Prins
A riveting exposé of a permanent financial dystopia, its causes, and real-world consequences
It is abundantly clear that our world is divided into two very different economies. The real one, for the average worker, is based on productivity and results. It behaves according to traditional rules of money and economics. The other doesn’t. It is the product of years of loose money, poured by central banks into a system dominated by financial titans. It is powerful enough to send stock markets higher even in the face of a global pandemic and threats of nuclear war.
This parting from reality has its roots in an emergency response to the financial crisis of 2008. “Quantitative Easing” injected a vast amount of cash into the economy—especially if you were a major Wall Street bank. What began as a short-term dependency became a habit, then a compulsion, and finally an addiction.
Nomi Prins relentlessly exposes a world fractured by policies crafted by the largest financial institutions, led by the Federal Reserve, that have supercharged the financial system while selling out regular citizens and leading to social and political reckonings. She uncovers a newly polarized world of the mega rich versus the never rich, the winners and losers of an unprecedented distortion that can never return to “normal.”
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2022 Nomi Prins (P)2022 PublicAffairsListeners also enjoyed...




















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As implied in the book's title, Prins asserts there is no going back. The author identifies five main emerging economic sectors that overlap in functionality, material, and skills needed to implement them: 1. New energy, 2. Infrastructure, 3. Transformative technology, 4. New money, and 5. Meta-reality (Metaverse and artificial intelligence). Prins also identifies the sectors that are attracting public/private infrastructure investment in the real economy, and those are: 1. Sustainable power, 2. Technological innovation, 3. Virtual collaboration portals, and 4. Revolutionizing of money itself.
Of the several points made in this book, a prominent take away is the complete separation of the markets from the real economy—that when there is news of the market doing well, one must remember that has nothing to do with the real economy. Let's lean into the future and insist that all financial activity be put to genuine productive use.
The market has nothing to do with the real economy
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Excellent
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Good premise
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Excellent retrospective of recent events
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Great summation of current world
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narrator monotone and 😴 boring
thought would be more interesting ....
nothing special here. just a history review lesso
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Outstanding Book about the current Financial sys.
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I suspect most readers would have already noticed that “stock market is no real economy”, just hope to be further enlightened on underling reasons and trending. But after completing the audio book I don’t feel I have learned much beyond the assertion, and been offered clear proposals on how to deal this undesirable distortion (“makes the rich richer and the poor poorer”) . Sure the author presented a lot of facts, including data, examples, before and after many historical events across the world, but linkages to the theme and key arguments seem weak, for e.g., why this distortion will be “permanent”.
Also I thought the book could be significantly shortened.
Lots of data, but not focused
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Perfecto! Another classic from Queen Nomi
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The truth is sad
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