No Way Out of Worldwide Financial Crisis?

Even though governments try to deal with the worldwide recession and looming depression, it seems to get worse by the day. Now we are told that we should not expect any relief for several years–if at all. The USA and Britain seem to be the leading casualties in the crisis, which has been called by financial experts as a “once-in-a century credit tsunami” and “the worst financial crisis in human history.” Bail-out plans and guarantees are not even meant to provide lasting solutions. Why is that? What brought us into this unparalleled mess? And are there really NO solutions at all?