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News / Brèves / Productive Credit / Crédit productif World in Review - July 11, 2011 11 July 2011 We find ourselves in a situation where the old bankrupt predatory system of monetarism is reluctantly singing its own swan song, like an extinct species on its last leg, trying futilely to hold itself up for just a few more months and at the same time desperately trying to stop the birth of that inevitable rising phoenix called human progress. Therein lies the tension in our situation now.