What really happened in US banks leading up to 2008

I just had an idea. People generally agree the 2008 crash affected markets across the globe. This is most likely because the dollar is the reserve currency so it was somewhat equivalent in nature to someone thieving from the entire system, and the country responsible for regulating it allowed the crime to take place. It's a bit like say you bank with a bank and the bank allows criminals to rob it, and then the loses of the crime are charged to all those that use the bank. Well this happens anyway where a business is subject to a certain percentage of theft will ultimately cause the customer to pay for it. The difference here is the one operating the system enabled the theft. This is s huge breach of trust and indeed after the 2008 crash it was lack of trust that seized up trading.

It has taken a few years for the world to understand this. News came in dribs and drabs as they desperately tried to cover up their crimes. One thing you learn in History is it is typically the case something can be covered up for a while, but not indefinitely. As people retire from their work, they become free to speak out. Now I know the News trains you to compartmentalise events, but you really shouldn't. Lets suppose you are a country who is not the US and you use this system. You could be worried it would happen again and all your financial holdings could vanish in a puff of fraud. Naturally you would start to think of ways to stop it happening again. You would be looking for a system that does not have anything controlling it form the US, either directly or via their agents. Now we are some 16 years on, and we hear a lot about BRICs building an alternative financial system. To understand why Brics has had so many offers to join from countries around the world, we really do need to travel back to 2008 to understand it. If true, then it would seem the US state has committed suicide. Suicide is a form of madness of course. The financial elite were smart enough to see the damage it would cause, but what they don't seem to have counted on is Russia and China banding together to replace them. They figured their game was the only game in town, which of course it was at the time.

The great British economist Keynes in WWII suggested a pool of currencies with weighted values, the US shot it down as they were in the ascendency and could make a lot of money by becoming the global lender as long as all resource prices were quoted in US$.

This is the challenge now as many oil countries shun the dollar and others do bilateral trades as they get fed up 'financing uncle Sam' with it dirty tricks and hypocritical and bullying behaviour as the 'global policeman'.

Not that does not mean the Chinese or Russians would be better though most little countries want a change from the US.

No studied it majorly over a decade ago.

Just reading now that streaming for tv revenue is failing badly the money is not there so Hollywood is going through a depression.

The west NATO is getting its backside kicked too much corruption and cronyism coming home to roost.

I think this is more likely as the direction of travel - bilateral deals between individual nations.

The film reveals the nitty gritty of the bank filings. You really should watch it since I did not start this thread for the fun of it. The video reveals much more than is popularly known about.

I read somewhere that 9/11 caused large numbers of "agents" to be diverted from keeping their eyes on the bankers.