Socialist Author and Propagandist, on the Looming Banking Collapse

Nomi Prins
Nomi Prins

This has been going around the net. Financial writer Nomi Prins with Greg Hunter of America Watchdog.

Prins gives an interesting run down over the corruption and looming collapse of the American banking system and says little that most conservatives would disagree with – except for the “JFK opposed the bankers” meme, which is routinely used by leftists to divert blame for Kennedy’s murder towards American bankers and the CIA, and away from the much more likely culprits, the Cubans and the Soviets.

Prins, a former investment banker with over a decade of experience in the financial sector… has run bond and derivative strategy groups at JPM/Chase in New York, Bear Stearns in London and most recently as Managing Director at Goldman Sachs in New York, from which she resigned in January of 2002.

Since that time, Prins has been actively picking the scabs off US capitalism from her vantage point on the far left.

In 2009 Nomi Prins was listed as an advisory editor of Against the Current, bi-monthly analytical journal of U.S. Trotskyite organization Solidarity.

In April 2002, Nomi Prins addressed Panel #26: “ENRON – Unnatural Disaster,” sponsored by the Union for Radical Political Economics at the Democratic Socialists of America organized Socialist Scholars Conference in Cooper Union, New York.

In 2007, Prins addressed the Left Forum (the successor to Socialist Scholars Conference) in New York on “Wage Stagnation, Growing Insecurity, and the Future of the U.S. Working Class.”

In April 2009, Prins addressed a Left Forum panel: “Nationalize the Banks! What Does it Really Mean?” with DSA member Leo Panitch.

Nomi Prins was a Senior Fellow of the New York based think tank Demos, a far left organization established by the KGB and Cuban intelligence linked Institute for Policy Studies.

Interestingly, a young obscure Illinois State Senator named Barack Obama was head hunted in 1999 to serve on Demos’ founding board.

It is not enough to verify the accuracy of information, it is also essential to find the source of the information and to identify the bias of its promulgator. Nomi Prins is part of the far left army attacking US capitalism. Her analysis and history is largely accurate. The danger lies in her solutions, such as “workers power’ and state control of banking.

Socialism and crony capitalism got us into this mess. Only true free market solutions will get us out.

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3 thoughts on “Socialist Author and Propagandist, on the Looming Banking Collapse

  1. She’s completely full of shit; and anybody who assumes the banks are about to collapse is a *total* idiot who doesn’t understand the *least* simple thing about the whole system.

    — See, we heard the exert same crap less than a decade ago, and they slithered right from under it via TARP. Anybody who sunk their fortune into bank puts got reamed to the tonsils.

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