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Welcome to the world of money. |
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Bread, cash, dosh, dough, loot, lucre, moolah, the readies, the wherewithal. |
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Call it what you like, money can break us or it can make us. |
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In the past year, it's certainly broken more than a few of the biggest names on Wall Street and in the City of London. |
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And while former masters of the universe crash and burn, |
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the rest of us are left worrying if our savings would be safer in a mattress than in a bank. |
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The great financial crisis that began in the summer of 2007 has most of us utterly baffled. |
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How on earth could a little local difficulty with subprime mortgages in the United States |
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unleash an economic tsunami big enough to obliterate some of Wall Street's most illustrious names, |
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to force nationalisations of banks on both sides of the Atlantic |
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and to bring the entire world economy to the very brink of recession, if not downright depression? |
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Shouldn't this series be called The Descent Of Money? |
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Well, I want to explain to you just how money rose to play such a terrifyingly dominant role in all our lives. |
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