In 2008, the world economy came dangerously close to a complete and total collapse.


By the time it was over, global trade had fallen by almost 10%, more than 8 million Americans had lost their jobs, four million families had lost their homes, and the stock market had lost half of its value.

Honestly, the fact that we still have a financial system after this is kind of a miracle.

So today, let’s take a look at exactly how the system failed, and how it almost destroyed the world economy.