Thank you for your input guys.
I think the financial turmoil will end, but not for a long time yet, possibly 20 odd years or so.
I am becoming more and more convinced that the geopolitical pendulum is on the move again, and will settle back in the east, just as it had been for 18 centuries prior to the rise of the west. And if you think about the growing influence of China, and their talk of removing the Dollar as the reserve currency of the world, it is a real possibility.
While I don't think the west is doomed, I do think that we are all in for a paradigm shift that is perhaps greatly needed, and could, once and for all (albeit over a very long period of time, say a few centuries or more) rebalance the wealth among all peoples of the world.
Maybe I am being too idealistic, but I do think things will never be the same again, for better or for worse, and so we must all do what ever we can to secure our own futures and that of our families.