Abstract
This lecture focuses on the economic crisis in the world today, and can be seen as a continuation of my Geilo 2007 lecture where I observed that we had a Dollar crisis based on the worldwide flood of Dollars (M3) that began after 1971 [1,2]. Here, I want to focus on why we have a finance crisis, which is essentially a Dollar crisis, and what I think will need to be done to get out of it. Toward that end, the instability of normal liquid finance markets is contrasted with the worse instability of a liquidity drought, so I'll begin by explaining the former. The current liquidity drought can be compared with the Great Depression and is the covered in the second part of this paper.
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