The sole benefit of the recession

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The recession has hit us hard part of the reason for that is The blind greed of the banks, mortgage companies, mortgage brokers, and real estate agents and speculators drove up the value of real property to an unrealistic level in order to level out the purging of money that never existed except on paper and in computers. Were it not for the banks trying to recoup a lot of the bad debt and shadow money that those in the financial community knew all along never existed. Money that was expected as income by market gamblers who didn't have the cash in hand to gamble which never existed that the baking and financial sector knew did not exist or if it did that it wasn't already safely in the hands of those who wished to inverst the money and "flip" it before they even had their hands on it. Banks have a ton of that kind of debt that they have on their books finances would be looser and credit would be a bit looser than they are at present. The credit industry has taught our country to live above it's means and to spend money that they don't have. The recession has finally taught us exactly how much and of what we actually need and what was useless spending. The recession has been good for one thing, that is getting rid of some of the "shadow money" that didn't exist except in the electronic world. Now that our economy is depending on real money for trade and spending we may find that we have billions less dollars than we thought we did but the thing is we had billions less than we thought we did before, we just didn't know it. In the end even the recession and the recent financial woes of both businesses and individuals points to a balancing of our financial situation and the paying back of a bunch of money that never existed because the banks are loath to loose money that they feel they are entitled to. Has the recession actually done us any good? By bringing real estate values and dollar values closer to the realistic value are they not in the end helping us to realize the state that our economy and the world economy are in when businesses ad individuals who have money or cntrol it are allowed to spend money that they don't have.