The world economy has gotten trapped in the same schemes as the US financial markets and proves one thing, there is no money and debts and credit is not an asset. It's not that there is no credit, there is too much credit and with empty vaults. Tangible assets must work with credit to have a sound economy or it is doomed to fail. How many failures have we seen because of credit and debts over the last 30 years? Bailing them out has not improved or changed the situatuion at all and only delays bigger and more damaging failures in the future. Governments should be regulating and controlling how banks and financial companies operate and forget the bailouts. After the U.S. bailouts saving immediate bank failures only delays the inevitable, they still don't have any assets or money. To lend money and give credit they must have tangible assets and not just sheets of paper saying they have billions in unpaid mortgages and debts. Irresponsible banking and lending has caused it all and it will end with a big explosion, yet to be seen. And it can't be stopped with government bailouts.