monitoring the abyss

Informative video "Meltdown" that goes into detail of the worldwide financial crisis.  Horrifying as global meltdown may be, it seems to me that will ultimately be both inevitable and necessary.  Anything short of that continues the same psychopaths in control.  Who in his or her right mind would wish to prop up a system that builds untold numbers of skyscrapers in Dubai, for no apparent reason, while throwing people out of modest homes in Sacramento (to cite a contrast you will see in Meltdown).

You can say, "we have to save the system to avoid the  global pain that would occur if it fails -- and then we will incrementally reform it."  Which would be laudable, except for the part in which you believe the "incremental reform" will actually come. As is clear from the aftermath of the multi-trillion dollar bailouts to prevent further meltdown in 2008, the system, the power players and the endemic risk did not change at all.  "Leaders" merely kick the can down the road.

So, whether you view the coming global crash as inevitable because there is no possible intervention that can save the system; or whether you believe the system needs to fail in order for it to be replaced -- the end result is the same.  The system is going down and there are going to be painful years and/or decades.

One can hope that what is built in its place will be more equitable and less unstable.  Probably not though.