In the early days of the global economic crisis, I was an economist.
In those early days, I worked with a number of countries that were experiencing the same crisis.
One was the United States, which I knew very well from my time working for the International Monetary Fund.
I think I saw the same kind of panic in those early stages of the crisis.
In fact, the United Kingdom had its own problems and that was partly why they decided to leave the European Union.
In the end, the UK was not in the same economic position that the United State was.
They were able to make a few trade concessions.
And they made some of them very strong.
But the underlying economic fundamentals in the United Republic of America were completely wrong.
The world economy had been in recession for a number, I think, years.
So what was the underlying cause of the problems in the US economy?
It was the fact that the Federal Reserve had not been paying interest on its $1.5 trillion balance sheet.
The Federal Reserve was the central bank of the world, and its policies had a huge impact on the global economy.
The central bank’s actions were, for example, to raise interest rates from 2% to 4%.
They were pushing down inflation, and they were also pushing down the cost of goods and services.
In other words, they were pushing the world economy down, because there was no other way to stimulate the world economies and they had to stimulate their economy to keep their currency stable.
And that meant lowering wages and prices in the developed world.
That meant more unemployment.
That created the conditions for a financial crisis in the developing world.
And so what happened was that the world economic system was totally distorted.
You had all the rich countries devaluing their currencies to get a rise in their stock markets, and then the rich economies would devalue their currencies back to get more money.
And what they did was, they had all their currencies devalued, and now they were using their currencies as a hedge against their own debts.
Now, if you look at the history of the past decade, we have seen that this sort of thing has happened all the time.
When the United Arab Emirates was the most powerful country in the world for years, it was using its currency as a hedging tool against its debts.
So this was a massive problem.
And I think the fact is, that is the underlying problem that led to the 2008 financial crisis.
The other issue was that we had a dysfunctional banking system.
We had a banking system that was highly politicised.
And there was a very high level of leverage on the banks.
The banks were not making loans to each other, they weren’t making loans directly to each person in the community, and in fact, they didn’t even make loans at all.
They borrowed heavily, they lent heavily, and that lent massively to the rich and to the big corporations.
And this is what was causing all the problems.
Now there were lots of things that we could have done, but there wasn’t much political will to do anything.
It wasn’t like Greece, or Spain, or Ireland.
It was just an absolute mess.
And the only way to get out of it was to go back into the free markets.
We could have gone back to a free market, but I don’t think that was an option.
What happened in 2008, as you know, was that a number.
It could be that there were about two or three countries, but we have been talking about it for years.
We have been in a position where we have not been able to recover.
So we have gone through some pretty tough times.
But what we have to realise is that if we don’t go back, then there is a risk that we will be back.
The global financial system was in trouble for a very long time.
In 2010, the IMF estimated that it had lost $2.3 trillion in reserves, that it was not really doing its job.
It had not recovered its balance sheet, and the global financial crisis has put that at risk.
So that is where we are right now.
And if we want to avoid another crisis, we need to start looking at a different way to solve the problems that we have.
And we need a new system.
So, what are the options we have?
There are two options.
We can start by having a single currency.
That is a way to resolve the problem of how to make sure that all our economies are growing at the same rate, but also at the right rate.
The reason why we have a central bank is that the bank has the power to set interest rates.
And it sets interest rates, because they are the rate at which money flows from the central banks to the countries in the currency.
And when the money flows, the interest rates are set by the central bankers.
And therefore, if the interest rate is low, that means that there is less money to pay interest on the loans. And in the