It was three years ago when the global financial system suffered a nearly fatal heart attack. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. At the same time, the flooding of global financial markets with cheap dollars has fatally undermined the international monetary system and destroyed the credibility of the US dollar as the world reserve and trading currency.
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