The Majority Report with Sam Seder

Author Nomi Prins (@nomiprins) joins us to discuss her new book, Collusion: How Central Bankers Rigged the World.

On today's show: 74-year-old Rudy Giuliani's still got it, had an affair with a married New Hampshire hospital administrator. High school pitcher Ty Koehn strikes out childhood friend, gives him a hug afterwards. Wisconsin Democrats win special election Scott Walker tried to keep from happening. Nazi Corey Stewart wins Republican primary in VA, setting him up to run against Tim Kaine.

Journalist and author Nomi Prins joins us to discuss the role central banking played in the financial crisis of 2008 and subsequent bank bailout. The purpose the central bank is supposed to serve: lender of last resort, regulator. A brief summary of how private banks knowingly caused the 2008 crash with their subprime mortgage pyramid scheme. How the government wound up insuring toxic assets. Why Bush and Obama gave bailout money to the banks directly, rather than homeowners who owed money to banks. The ideology driving this anti-populist decision. An explanation of quantitative easing. The problem with conjuring money from thin air and giving it to the wrong people. Are there any institutional fixes?

On the fun half: John from San Antonio on ranked choice voting. Anthony in Miami on voter suppression in Ohio. Trump's North Korean propaganda video. Rachel Maddow's theory that Putin is dictating Trump's NK policy. How Elon Musk is different from pro athletes. Fox and Friends on Trump's tweets about Robert DeNiro. Awesome anarchist/veteran/dad curses out Seattle's city council for repealing corporate tax that would've helped the homeless. Domino's Pizza steps up to repair America's crumbling infrastructure. A caller questions the definition of money. A caller points out that a WSJ article validated Maddow's "theory" before she even came up with it.

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Direct download: 6-13-18-Nomi_Prins-pub.mp3
Category:general -- posted at: 3:56pm EDT