The last financial crisis came as a surprise to the majority of investors, was and still is severe in its consequences that have yet to be overcome, and was global in scale. What followed were the usual questions, especially regarding who and how. Upon closer inspection, the US housing crisis and the subsequent sovereign debt crises reveal themselves as old acquaintances, merely presenting themselves in a new guise. Yet, before and after every crisis, it is said: This time it will be different. The opposite is true, as all major economic crises follow a recognizable pattern, which could be summed up with the motto: The same procedure as every crisis. But what does this pattern look like exactly? Who is responsible, and how can one best protect themselves from the next crisis? Dr. Rüdiger Götte addresses these and other questions in his latest work, which explores the emergence and.