Ever since the global financial crisis began with the collapse of one of the world’s major investment banks, Lehman Brothers, in 2007, the world has come closer to a global financial meltdown than at any time since the Great Depression of the 1930s. In 2007, following a decade or more of reckless borrowing and lending in the world’s financial system, the world’s five largest investment banks jointly reported over $4.1 trillion in debt which they could not repay. Lehman Brothe…
