Collu$ion

Collu$ion

How Central Bankers Rigged the World

Book - 2018
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Central banks and institutions like the IMF and the World Bank are overstepping the boundaries of their mandates by using the flow of money to control global markets and dictate economic policy both at the domestic and global level. These public institutions have become so dependent on funding from private banking and the revolving door between the two worlds is so smooth that public and private banks are effectively working toward the same goals. Packed with bold-faced names from the world of finance--from Janet Yellen, Mario Draghi, and Ben Bernanke to Christine Lagarde and Angela Merkel--Collusion sheds a bright light on the dark conspiracies and unsavory connections between what is ostensibly private and public banking and how it affects us.
Publisher: New York, New York :, Nation Books,, 2018.
Copyright Date: ©2018
ISBN: 9781568585628
Characteristics: xix, 358 pages ;,25 cm.
Alternative Title: Collusion

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rpavlacic
Oct 24, 2018

The book's basic premise is true: Quantitative Easing may be the biggest scam ever perpetrated on the people of the developed and developing worlds. Short definition of QE: Central banks try to stimulate the economy by printing new money. They do this by buying government bonds, then swapping them with companies carrying "toxic debt". To date, $21 trillion dollars has been created out of thin air. The winners are the major banks. The losers are smaller banks and ordinary people who have no access to this facility. The problem with this book? The examples used are way too detailed and technical to follow. Appropriate for an economics class. I found this one overwhelming.

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