The Global Financial Crisis: How It Changed the World | Jonathan Kirshner | TEDxHunterCCS

[@kenzong8427]

Brooksley Born

[@atanacioluna292]

Clearest analysis of the crisis and its meaning. The implication is especially prescient in light of the instability that Trump political gymnastics may mean for trust in US financial and economic leadership. If people fear that the US economy may stumble, and if they have set up financial controls which will protect their economies, like the French, Chinese, Germans, Australians, South Americans, current Brazil and Venezuelan turmoil, not withstanding, African, etc, the possibility becomes very real. If any of these regions or nations set up effective financial controls, the US dollar is susceptible to loss, in which case we would see capital flight from the US, for the first time on a large scale, leading to a panicked scuddling of our currency, and thus sudden multiplication of our debt. In effect, the very fear of this, which in tea part got Trump elected, will lead to dollar destabilization, a terribly ironic self fulfilling prophesy. Beautiful, masterful presentation. Thanks Dr. K.

[@jamesflange]

Are global imbalances a result of a world savings glut and manipulation by Chinese authorities or a U.S. mortgage market so awash with cash that you could get a 100 percent mortgage with no income, no job and no assets?