A lot of speculation has occurred with cheap money, and then it is bailout, and then nothing changes, and then something worse happens. That is the current pattern and the pattern of the last three decades."
Prins, who is a former top Goldman Sachs banker, exclaims, "It is very easy to see how the system could unravel because it isn't stable. We are definitely in big trouble. There is no way we are not headed for a crisis. . . . It should have happened already, but the level of support is epic and reckless from the political and financial elite."
Join Greg Hunter as he goes One-on-One with Nomi Prins, best-selling author of the new book, "All the Presidents' Bankers."
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