>>60907543
>The starting point was 2008 crisis.
I can make the argument that a starting point was "Black Monday" in 1987 when the market crashed and Alan Greenspan not only secretly did QE, but began the process of lowering interest rates to stop the crash. George HW Bush needed to be elected in 1988, and a recession in 1987 would have stopped that.

Subsequently, every correction in the market resulted in the Fed lowering interest rates, which eventually led to the subprime mortgage bubble.

If there was hard money (gold/silver) and no Federal Reserve, interest rates would be solely set by the market and there would be periodic mild recessions as a way of correcting malinvestment. Much like the cycles of the seasons.

If you haven't seen the movie "The Big Short" I recommend to everyone. It gives a good overview, and despite the fact the movie whitewashes the Jews, it is an overall good movie on the topic of the GFC.