World (American) Economy

Its very clear from the recent American economic Crisis that earlier all of our Economic conditons were fair . All of a sudden the American economy started to tumble down and inturn the whole Worlds economic condition started deteriorating. Its clear that we lived a normal life and also we fell down - because of the American economic policies. Can't we have a good Economic policy of our own. Its clear that the Americans controlled the world economy-whatever their intentions may be. Self sufficiency is the best policy.We have our own resources , manpower.But now we are selling it to others- pathetic condition. Shall all of us come out of this? I am not an Economist , but as you know Commonsense Speaks - so do I.