Part 9/14:
In essence, the crisis was not just about bad loans but about a collapse in money circulation worldwide, which led to a severe debit and credit crunch. The systemic failure impeded the flow of money, causing a permanent state of economic sluggishness.
The Hidden Epidemic: Silent Depression
The post-2008 era has been characterized by a silent depression—a prolonged period of subdued economic activity, low interest rates, and an inability to generate genuine growth. The financial system has been trapped in a cycle of liquidity shortages, despite massive monetary interventions.