“World’s financial system was teetering on the brink of systemic meltdown”

That’s a quote from the head of the International Monetary Fund (IMF), found on the bbc website.

I don’t read the news much, so I don’t know all the details… (obviously I’ve heard rumours about the imminent collapse of capitalism), but wow, that quote above sounds pretty end-of-the-world-is-nigh…

Should I start stocking up on rice and beans again? Someone clever fill me in please! What happens if we do reach “systemic meltdown”?