This is how the economy will recover

“This ends one of two ways. The pain-free way is where the financial elites come together to fix what caused the breakage on August 9th, 2007. The painful way is where they ignore it and let the global economy slumber on until another superpower or transnational organization overthrows the system out of desperation or need, and it doesn’t take a genius to tell which scenario points to a scarier or serener future. Either the monetary elites transform the financial system from a weapon into a tool for economic prosperity or the global economy will casually descend into chaos once again.

Unfortunately, we citizens can’t save the system. Instead, we’ve been forced to embrace our inner masochistic, observing the economic, social, and political mayhem from our homes via media, almost powerless to stop an uncomfortable economic truth: If we want to return to the pre-2007 world of at least semi-decent growth, the will to fix the global monetary system must come from higher up.”