The institute for New Economic Thinking has a very important video The Lehman Disaster and Why It Matters Today

On September 15, 2008, Lehman Brothers, a giant investment bank with a storied history, filed for bankruptcy. The shock was profound; world markets melted down.

Most people have no idea of the seriousness of the situation unless they listen to this podcast. My problem is that I lived through these events and I cannot forget them.

The west is dead set against letting the BRICS (and China and Russia) from fixing this disease in the west. (More pointedly the west does not want an alternative system that could exist and prosper as the west collapses.)