Post-2008 GFC: The Silent Depression | The Snider Series | Episode 5 (WiM102)
The "What is Money?" Show
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The Silent Depression
"The definition of insanity is repeating the same thing over and over again. And expecting a different result," he says. "We reached a kind of tipping point in this two thousand eight great financial crisis where the central banks effectively surrendered to the ureo dollar system, wei ther saying, we're the central, monolithic lender of last resort." The global system has lost a tremendous amount of ability to grow like it used to, writes Alan Greenspan. 'It's gotten so bad that we get further and further behind where we should have been'
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