Nomi PrinsNomi Prins

Nomi Prins is a renowned journalist, author and speaker. Her latest book, Collusion: How Central Banks Rigged the World is an expose into the 2007-2008 financial crisis and how the influence of central bankers triggered a massive shift in the world order. Her last book, All the Presidents' Bankers, is a groundbreaking narrative about the relationships of presidents to key bankers over the past century and how they impacted domestic and foreign policy. Her other books include a historical novel about the 1929 crash, Black Tuesday, and the hard-hitting expose It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street (Wiley,2009/2010). She is also the author of Other People’s Money: The Corporate Mugging of America (The New Press, 2004) which was chosen as a Best Book of 2004 by The Economist, Barron's and The Library Journal, and Jacked (Polipoint Press, 2006).

She has appeared on numerous TV programs: internationally for BBC, RtTV, and nationally for CNN, CNBC, MSNBC, CSPAN, Democracy Now, Fox and PBS. She has been featured on hundreds of radio shows globally including for CNNRadio, Marketplace, NPR, BBC, and Canadian Programming. She has featured in numerous documentaries shot by international production companies, alongside prominent thought-leaders, and Nobel Prize winners.

She is a Forbes contributor. Her writing has been featured in The New York Times, Forbes, Fortune, Newsday, Mother Jones, Truthdig, The Guardian, The Nation, Alternet, NY Daily News, LaVanguardia, and other publications.

Her engaging key-note speeches are thoughtfully tailored, and she has spoken at numerous venues including at the Federal Reserve / IMF / World Bank Annual global central bank conference, the Purdue University/Sinai Forum, University of Wisconsin Eau Claire Forum, Ohio State University Law School, Columbia University, Pepperdine Graduate School of Business, Manhattan College, National Consumer Law Center, Environmental Grantmakers Association, Sprott’s Gold Symposium, NASS Spinal Surgeons Conference, and the Mexican Senate.

She was a member of Senator (and presidential contender) Bernie Sanders (I-VT) Federal Reserve Reform Advisory Council, and is listed as one of America's TopWonks. She is on the advisory board of the whistle-blowing organization ExposeFacts, and a board member of animal welfare and wildlife conservation group, Born Free USA.

Nomi received her BS in Math from SUNY Purchase, and MS in Statistics from New York University, where she completed all required coursework for a PhD in Statistics. Before becoming a journalist, Nomi worked on Wall Street as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, and worked as a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank.

She is currently a Distinguished Senior Fellow at the non-partisan public policy think-tank, Demos.

Portfolio Update For July 21

The major drop in prices and equity indices to start this week was followed by a sharp rebound. We think this underscores the uncertainty in the markets but doesn’t necessarily translate into altering the plans of companies that are instrumental to moving the economy forward. This includes many of the open positions in your portfolio. For now, Dan gives guidance in your latest portfolio update.

Video Alert: Banks Aren’t That Stressed

The major banks passed their annual stress test with flying colors. These tests are given to determine solvency in case of an economic shock. But this wasn’t a surprise, since the Fed has kept dark money flowing to banks since the 2008 financial crisis. But the passing grade also gave a green light for banks to continue a practice that inflates their share prices as well as compensations. Watch Nomi’s latest interview here for more details.

In Bed With The Fed

The Federal Reserve recently announced that the 23 banks that had undergone so-called “stress tests” to determine whether they had enough capital on hand in case of a crisis sailed through with flying colors. The reality is that the biggest banks are very well-positioned to pass any stress tests because they’ve had a steady diet of Fed money since the financial crisis of 2008, which was amplified after the pandemic crisis. Watch this video as Nomi explain more in this interview on how banks and the Fed interact to continue propping up stocks on Wall Street.

Dark Money Millionaires Portfolio Update for July 15

We think the market is battling with itself to find a summer narrative amidst lower trading volume and COVID delta-variant cases rising in some parts of the world. The Fed keeps buying bonds and has maintained zero percent interest rates, which will continue to provide a lift to the market. Whereas we think there will be moments ahead when inflation fears still rise and Treasuries trade off as a result, this cheap money will keep driving stock and bond markets upward. For now, Dan gives guidance on all the open positions you hold in the portfolio.

Buy Alert: An Undiscovered Latin American Oil Stock With 400% Upside

As with most sectors of the market, oil production in Colombia suffered during 2020 as a result of the pandemic. But all the factors that capped Colombia’s oil business have either reversed or are in the process of reversing as the economy reopens. Nomi and Dan target this leading Latin American oil and gas explorer as its dedicated management team and positive cash flow make its stock’s downside risk low and its upside potential enormous.