[Marxism] Global Instability and Challenges to the Dollar

Pance Stojkovski pance at rogers.com
Wed Jun 18 12:26:55 MDT 2008

Global Instability and Challenges to the Dollar: 
Assessing the Current Financial Crisis

By David McNally

We are living through financial turmoil so serious at
the moment that the International Monetary Fund calls
it "the largest financial crisis in the United States
since the Great Depression." Already, commercial banks
have collapsed in both Britain and Germany, as has the
fifth-largest investment bank on Wall Street. A series
of hedge funds have gone under or are teetering on the
brink of ruin. It is a near certainty that more
financial institutions will fail before the crisis
burns out.

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