Global Recession? Your opinions

I've been thinking about the recession, and how politicians and organisations such as the IMF have been frantically trying to use fiscal and monetary policies to increase GDP almost to no avail in most cases.
Government Objectives are rarely ever met and when they are they are more disadvantageous then for the betterment of society.
The likes of the WTO, are they really doing much to support trade across nations, or are they looking out purely for the interests of the richer nations diminishing its ethics.
I think there's only a recession when you want there to be one.
You can only produce the amount you want to produce so when we hear about balance of payment deficit or output below expectation; I think it all comes down to us , our mindset work ethic and the willingness to change.
Ignorance is what has led to the financial crisis.

What are your views?

 

Lol where did you get your education? You sound like a left politician. There is not a global recession right now, although the U.S. had a recent recession as well as a limping GDP growth, it is not reflective of the whole world. As of the moment, China and India are still vastly expanding and improving their economies. Countries like Greece are suffering from severe debt and all in all a ridiculously shitty economy, but it is not vindictive of the whole world. The IMF has barely played a role in world economics for quite a while. And the idea of WTO only looking out for the pure interests of richer nations is bullshit. That in itself is like saying you don't believe in the world and that the entire world is a ball of corruption. The WTO is doing what it is supposed to.
Also your post has absolutely no argument and no substance whatsoever. What are you even trying to say?
"You can only produce the amount you want to produce so when we hear about balance of payment deficit or output below expectation; I think it all comes down to us, our midnest work ethic and the willingness to change."
What the **** are you talking about?
First of all no, you cannot produce the amount you want to produce. There is something called a Productions Possibility Curve. If everyone produced the amount they wanted to we would all die. What do you mean willingness to change. Change what? The mindset of who? The American people? We are a first-world country. We are not laborers. There is a certain incentive to our jobs and we do it, reflecting the individual that we are. There is a decrease in output because we are in a recovering economy in the U.S. There is a huge deficit and businesses are not willing to hire more employees. Ignorance does not lead to a financial crisis. Have you EVER even studied economics? Or even read a newspaper. Financial crisis is just a reflection of the market. The market follows the laws of the invisible hand. If there is a financial crisis it is reflected through economic means not the "ignorance" of people.

Tl;dr, OP is a dumbass trying to sound smart. Gtfo.