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The TGD, or the Transition to the Greater Depression, is often attributed to the financial crisis that began in 2007-2008, with a significant turning point occurring in September 2008 when major financial institutions faced collapse. The date of September 15, 2008, is particularly notable due to the bankruptcy of Lehman Brothers, which marked a pivotal moment in the crisis. This period is characterized by severe economic downturns and widespread economic impact across the globe.

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