Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever


Product Details

$30.00  $27.90
Publish Date
6.2 X 9.3 X 1.5 inches | 1.3 pounds

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About the Author

Dr. Nomi Prins is an international economist, investigative journalist, geopolitical financial expert, and outspoken advocate for economic reform. She has published seven books, with her most recent bestseller being Collusion: How Central Bankers Rigged the World.

She is a regular TV commentator and has appeared on the BBC, CNN, Bloomberg, CNBC, MSNBC, CSPAN, Fox Business, and PBS. She has appeared in numerous documentaries featured in the US, Korea, the Netherlands, Germany, France, and more. Her writing has been featured in the New York Times, Forbes, Fortune, the Guardian, the Nation, and other major publications.

Her insights on financial and economic issues are sought by governments, policymakers, and investors worldwide. She's delivered keynote speeches to a variety of outlets including the Federal Reserve, IMF, World Bank, UK Parliament, Mexican Senate, US Senate, Tokyo Stock Exchange, Google, Colombia University, and the London School of Economics.

She was a global Wall Street executive for a decade-and-a-half. Nomi was once a managing director at Goldman Sachs. She ran the international analytics group as a senior managing director at Bear Stearns in London and worked as a senior strategist at Lehman Brothers and Chase Manhattan Bank.

You can learn more about Nomi here:


"Prins has done it again. In her newest book, Permanent Distortion, [she] takes a hard look at the conflicts and corruption in the global financial system and banks in particular. She provides a tour d'horizon of the past ten years. . . . This book is a must-read for anyone looking to understand what's really behind the financial chaos of the past decade."--James Rickards, author of Sold Out
"Prins breaks through the noise like no other historian. When I am looking to understand what's really unfolding in the economy and finance, she's where I turn. She's from Wall Street and knows Washington--yet tells the truths that Main Street needs to hear."--Robert Kiyosaki, bestselling author of Rich Dad Poor Dad
"Prins is one of the only people in the world qualified to explain one of the biggest stories in the world, if not the biggest: the manipulation of central banking policies around the world. . . . Permanent Distortion describes the gradual replacement of the real economy with a kind of permanent Ponzi scheme, fueled by cheap money and selective regulation, that rewards insiders and disburses riches by access, not merit."--Matt Taibbi, award-winning author and investigative reporter
"Prins knows Wall Street. When she speaks, we should all listen. The story of Permanent Distortion exposes how corrupt our financial system is."--Richard D. Wolff, professor of economics emeritus, University of Massachusetts Amherst, and founder of
"A hard-hitting survey of the forces . . . that fuel financial markets at the expense of destabilizing the real economy. . . . Nomi Prins effectively dismantles the machinery of financial markets and explains how they operate in a secret world of their own."--Kirkus
"Prins, former Goldman Sachs big shot, has come out of the cold to let you in on the con--and the clear and present danger that the Magic Money junkies and their central-bank pushermen are pulling us into a strange counter-reality where fantastical finance creatures copulate with finance fairy dust, creating a cancerous economic monstrosity. Yet, it's weirdly fun to fly through the crazed new world Prins reveals. Every chapter is a new freaky adventure. She even makes the words 'Quantitative Easing' and 'crypto blockchain ETFs' into a fascinating game show . . . where They win and you, Mr. and Ms. go-to-work schmuck, lose. Jump in, I guarantee you a helluva ride."--Greg Palast, author of The Best Money Democracy Can Buy
"The timing of the release of Prins' book could not be more appropriate as signs mount of how entrenched corruption has distorted the world in which we live to the point that it increasingly feels like a bad sci-fi movie...Prins brilliantly captures the insanity and mass hypnosis of regulators who have taken a hands-off approach to the Fed's unlimited money spigot to the mega banks on Wall Street with indisputable facts and figures. She builds her case against the monetary policies of Bernanke and his successors (Janet Yellen and Jerome Powell) in the artful way that a master mason builds an exquisite rock wall--one carefully placed stone at a time."--Wall Street on Parade
"Readers curious about recent history and potential futures of the global economy will find much to capture their interest in Nomi Prins's Permanent Distortion, which is expansively researched, clear-eyed and conversational in tone... This comprehensive recent history is an informative and valuable work of observation, research, analysis and warning to financial experts and novices alike--and all who care about the structures of economic power."
--Shelf Awareness
"Prins... [gives] language to a period of accelerationism we are all living through but struggle to name... Prins reminds us that that Fed is 'an organization established by elite bankers and led by unelected government officials who [face] minimal accountability for their decisions.' Until we can begin to imagine a truly democratic alternative, we will remain at the mercy of this financial distortion, and all of the monsters it will unleash."