May 26, 2018 • 1HR 12M

How Central Banks Rigged The World/Facebook Privacy

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Appears in this episode

Ralph Nader
Ralph Nader talks about what’s happening in America, what’s happening around the world, and most importantly what’s happening underneath it all.
Episode details

Ralph talks to former financial insider, Nomi Prins, about what central banks are and how much power they have to shape our world. Plus, president of the Electronic Privacy Information Center, Marc Rotenberg, tells us how Facebook uses our information for good or ill.

Nomi Prins is a renowned journalist, former international investment banker, and author of numerous books, including, “All the President’s Bankers,” about the relationships of U.S. presidents to key bankers over the past century and how that influenced policy.  Her new book, Collusion: How Central Bankers Rigged the World,” explores the recent rise of the role of central banks in the global financial and economic hierarchy. Before becoming a journalist, Ms. Prins worked on Wall Street as a managing director at Goldman Sachs and Bear Stearns in London. She also worked as a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank.

“The emergency remedies that the global central banks have enacted since the global financial crisis of 2008 have gone on for ten years.  And they have epically subsidized – in unprecedented amounts and ways – the private financial system at the expense of the Main Street economy.” 

Nomi Prins, author of “Collusion: How Central Banks Rigged the World.”

Marc Rotenberg is President and Executive Director of the Electronic Privacy Information Center(EPIC) in Washington, DC. Mr. Rotenberg teaches information privacy and open government at Georgetown Law, frequently testifies before Congress on emerging privacy and civil liberties issues and has received numerous awards for his work as an attorney.

“I think the good news here also is that properly understood this will lead to greater innovation. We hear people tell us all the time that we have to strike a balance between privacy protection and innovation. But I think that actually misunderstands how innovation best operates. Because if you can provide these services on the Internet and minimize the terrible problems of identity theft and financial fraud and data breach, which are widespread in the U.S., that’s a very good outcome.”  

Marc Rotenberg, President and Executive Director of the Electronic Privacy Information Center (EPIC)1