📉 Beginning of the 2008 Crisis
On September 15, 2008, Lehman Brothers filed for bankruptcy in the United States Bankruptcy Court for the Southern District of New York — a moment that became the clearest and most undeniable sign that the global financial crisis was fully underway.
Six weeks later, Satoshi announced Bitcoin to the cypherpunk community.
https://bitcoin-calendar.org/en/events/2008-09-15/beginning-of-the-2008-crisis
Nothing was resolved...
The crisis was suppressed by pumping public money into the system.
That only made the situation worse since debt was the problem to start with.
So we all got poorer, the overall situation got worse, those who fucked up are still in place and some where rewarded for doing such a good job.
And we just can wait for the next crisis that will be bigger.
Not to mention this time depositors are directly on the hook due to the bail-in legislation.
Have fun doing fiat !
Perhaps study #Bitcoin ? 🤑
