Table of Contents
The US emerges from the ashes of both world wars and the Cold War to impose its own system of global capitalism. The firm evolves into huge corporations, a type of which is the too-big-to-fail bank which can crash the global economy by itself. The Wealth Virus is Stopped by a Real Virus.
| Year | Event |
|---|---|
| 1944 | Bretton Woods established; The US becomes a superpower after World War II |
| 1948 | Paul Samuelson publishes Economics, standardizing Economic science |
| 1971 | Nixon shock makes currencies pegged to nothing. Oil prices spike as petrodollars get pegged to oil instead. Inflation follows |
| 1998 | Repeal of Glass-Steagal. Banks awash with fiat cash, which is pegged to nothing, combine long-term and short-term cash to get employed and make even more money |
| 2008 | Start of Financial Crisis in the US. The combined fiat cash of banks runs out of employment and crashes |
| 2020 | Under the weight and oppression of capitalism and global warming, Nature finally breaks out in revolt with a Covid-19 pandemic and a lot of natural disasters, bringing global capitalism to its knees which no economist can solve |
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