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Mary Elizabeth Baker

The Perfect Storm: How Big Government and Big Finance Caused the 2007 Crash and How Blockchain Can Prevent Future Crises from 2025 Onward

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The Perfect Storm: How Big Government and Big Finance Caused the 2007 Crash delves into the convergence of governmental policies and financial practices that precipitated the Wall Street crash of 2007.
This significant economic downturn was primarily triggered by the collapse of the housing bubble and the failure of mortgage-backed securities, which had been heavily invested in by major banks and financial institutions.
The book highlights how the U.S. government's response to the crisis involved a massive bailout for banks deemed "too big to fail," raising critical questions about accountability and transparency in financial governance. Critics argue that these funds were mismanaged, benefiting corporate executives rather than addressing the needs of ordinary citizens affected by the fallout from the crisis.

Furthermore, it explores how some individuals within both government and corporate sectors evaded justice amid widespread corruption and mismanagement. The intertwining relationships between regulatory bodies and financial institutions led to concerns over who truly holds power over economic policies. Additionally, there are claims regarding foreign influence on U.S. financial governance, particularly from entities in the UK.

In light of these issues, the book discusses emerging technologies like blockchain as potential solutions for reforming monetary systems. Advocates suggest that decentralized cryptocurrencies could enhance security against fraud while empowering individuals with greater control over their finances. As discussions around dismantling the Federal Reserve gain momentum among certain groups, there is hope for innovative approaches leading to a more transparent and accountable financial future

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