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The Dollar Shortfall in the Global Financial Crisis
The housing bubble was nothing more than a symptom of what was a global money and credit expansion that happened over decades, especially from 19 95 forward. There were overseas dollar swaps, therre deno, the t a f, the term auction facility. T didn't keep the crisis from happening. Money dealers looked at the two thousand ae crisis and said, we need to change the entire way we manage our balance it. We need to changes how we do money. And so everything has been different since then because there really is no way to go back to the way it was before.