Being Worse than the Great Depression

Two renowned financial experts Paul Volker and George Soros said that they see this global financial crisis as worse than the Great Depression. I wonder if globalization has anything to do with this. Both speak about world markets and the rapid bottomless decline.

Is there a way of returning to the simplicity of community banking? Should we return to the Gold Standard as opposed to a standard of debt? God forbid we lose our Triple-A credit rating. Who then would buy our treasury bills and hold us hostage to certain policies?

We have become a complex global community of debt.