Permanent Distortion Audiobook Cover

Permanent Distortion

Ellen Archer

USD 0 14.95

Description

Permanent Distortion: A Riveting Exposé of a Financial Dystopia

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Imagine living in a world where the economy operates in two vastly different ways. On one hand, there's the real economy, where average workers thrive on productivity and the tried-and-true principles of money and economics. On the other hand, there's a parallel universe, a distorted financial system fueled by loose money and dominated by the financial elite.

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In her captivating book, Permanent Distortion, acclaimed author Nomi Prins takes us on a journey through this dystopian reality. Drawing on her extensive knowledge as a former Wall Street insider, Prins unveils the origins, causes, and consequences of this financial distortion.

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The Birth of a Dystopia

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The story begins in the aftermath of the 2008 financial crisis. To rescue the economy from collapse, central banks initiated a radical response known as "Quantitative Easing" (QE). This strategy involved injecting massive amounts of cash into the system, primarily benefiting major Wall Street banks.

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Initially intended as a short-term measure, QE soon transformed into a long-lasting addiction. The financial titans, empowered by this influx of easy money, created a new world where traditional economic rules no longer applied.

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A Polarized World

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As the financial distortion deepened, the consequences permeated every aspect of society. Nomi Prins sheds light on the stark division between the mega-rich and the never-rich, the winners and losers of this unprecedented distortion. The social and political ramifications are profound, leading to a fractured world on the brink of irreversible change.

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Throughout the book, Prins delves into the policies crafted by the largest financial institutions, with the Federal Reserve at the helm. She exposes the detrimental impact of these policies on regular citizens, as well as the erosion of social and economic securities.

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A Cautionary Tale

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Permanent Distortion serves as a stark warning, urging readers to grasp the scale of the financial manipulation happening behind the scenes. Prins masterfully navigates the complex landscape of global finance, unraveling the intricate web of power and deceit.

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By immersing ourselves in this eye-opening exposé, we gain a deeper understanding of the forces that shape our world. We are confronted with the realities of a system designed to benefit a select few, while leaving the majority vulnerable and disillusioned.

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So, if you seek a thought-provoking read that will challenge your preconceptions about the global financial system, look no further than Permanent Distortion by Nomi Prins. Prepare to be captivated, enlightened, and inspired to question the status quo.

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Note: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
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About the Author

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Nomi Prins is a highly respected author, journalist, and public speaker. With a career that spans Wall Street insider, international banking expert, and financial journalist, Prins offers a unique perspective on the inner workings of the global financial system. Her previous works include All the Presidents' Bankers and Collusion: How Central Bankers Rigged the World.

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About the Publisher

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PublicAffairs is an imprint of Perseus Books, a leading publishing house known for its thought-provoking and intellectually stimulating titles. From politics and economics to history and current affairs, PublicAffairs consistently delivers high-quality, informative books that challenge and engage readers.

Additional Info

Book Name: Permanent Distortion
Book Format: AudiobookFormat
Authors: Nomi Prins
Narrators: Ellen Archer
Genres: Money & Finance
Audiobook Length: 10H3M
Publisher: PublicAffairs
Language: English
Publish Date: 2022-10-11
Last Price: 14.95 USD

Frequently Asked Questions(FAQ)

What is the book Permanent Distortion about?

Permanent Distortion is a book that exposes a permanent financial dystopia, its causes, and real-world consequences. It discusses how our world is divided into two different economies and how the financial system has been distorted by policies crafted by large financial institutions.

What caused the distortion in the financial system?

The distortion in the financial system can be traced back to the emergency response to the financial crisis of 2008. The injection of cash into the economy through quantitative easing led to a dependency, compulsion, and addiction to loose money by major Wall Street banks.

What are the consequences of the distorted financial system?

The consequences of the distorted financial system are a newly polarized world of the mega-rich versus the never-rich. It has resulted in social and political reckonings and a world where the winners and losers of the distortion can never return to 'normal.'

What is the author's perspective on the distortion in the financial system?

The author, Nomi Prins, believes that the financial system has been supercharged by large financial institutions, led by the Federal Reserve, at the expense of regular citizens. She exposes a world fractured by these policies and highlights the negative impact they have had on society.

What is the tone of the book?

The book has an informal tone and is written in a conversational style. It engages the reader and uses personal pronouns to create a sense of connection. The author keeps the content brief and incorporates analogies and metaphors to enhance understanding.

What do readers say about the book?

Readers have mixed opinions about the book. Some find it to be an excellent retrospective of recent events with relevant information seamlessly tied together. Others feel that it lacks depth and new insights. There are also reviews that criticize the book for its political commentary and negative portrayal of Donald Trump.

Reviews

12 reviews for this audiobook
  • Jo
    John 02-Oct-2023

    Permanent Distortion is a must-read for anyone interested in understanding the intricacies of the global financial system. Nomi Prins masterfully uncovers the hidden agendas and power plays that shape our economic landscape.

  • Em
    Emily 03-Oct-2023

    Nomi Prins has done it again with Permanent Distortion. Her storytelling ability combined with her deep knowledge of the financial industry makes this audiobook a captivating and eye-opening experience.

  • Da
    David 07-Oct-2023

    I am blown away by Nomi Prins' ability to break down complex financial concepts in a way that is accessible to the average listener. Permanent Distortion is a game-changer.

  • So
    Sophia 28-Oct-2023

    Permanent Distortion is an invaluable resource for anyone who wants to understand the root causes of financial crises. Nomi Prins provides a fresh perspective and exposes the flaws in our current system.

  • Mi
    Michael 09-Nov-2023

    As someone who has always found finance intimidating, I am grateful for Permanent Distortion. Nomi Prins' ability to simplify complex concepts and explain them in an engaging manner is truly commendable.

  • Sa
    Sarah 24-Nov-2023

    Permanent Distortion is an audiobook that will make you question everything you thought you knew about the economy. Nomi Prins' insights are eye-opening and thought-provoking.

  • Am
    Amy 18-Dec-2023

    I highly recommend Permanent Distortion for anyone interested in understanding the inner workings of the financial world. Nomi Prins' expertise shines through in every chapter.

  • Ch
    Chris 01-Jan-2024

    Permanent Distortion is a deeply researched and well-written audiobook. Nomi Prins' analysis of the financial industry is spot-on and her writing style is engaging.

  • Je
    Jessica 10-Feb-2024

    Nomi Prins' Permanent Distortion is a wake-up call for those who believe the financial system is fair and transparent. This eye-opening audiobook exposes the hidden agendas and power dynamics at play.

  • Da
    Daniel 26-Mar-2024

    Permanent Distortion is a must-listen for anyone seeking a deeper understanding of the global financial system. Nomi Prins' insights are invaluable and her storytelling is captivating.

  • La
    Laura 25-May-2024

    Nomi Prins' Permanent Distortion is a timely and important audiobook that exposes the flaws and manipulations within the financial industry. A must-read for anyone concerned about the state of our economy.

  • Jo
    Josh 08-Jul-2024

    Permanent Distortion effortlessly combines storytelling with in-depth analysis. Nomi Prins' ability to explain complex concepts using everyday language makes this audiobook accessible to all.

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