Former Wall Street investment banker, Catherine Austin Fitts, has been blogging about the economy, money and investing for a couple of years now. Her expertise and knowledge are impressive, as is her aim: to help people make sensible decisions that not only make money for them, but also help steer the economy away from a negative-return one, or what she calls the tapeworm economy.

Here’s her “translation” of the recent G-20 communique, which shows clearly that our elders and betters are in charge, and from now on all will be well. The first three points should be enough to give you the gist. Read the rest on her blog, and the original G-20 communique on the Washington Post page.

1. Now that the growth of debt and derivatives bubbles has stalled, we are committed to using governmental-central bank mechanisms to cover the positions of any of the large private financial institutions whose profits are at risk due to their management of these bubbles and who can use this opportunity to squeeze and acquire smaller rivals at low cost.

2. Our commitment to use derivatives and market interventions to shift investment from the real economy and commodities into a paper economy is firm. We will continue to use centralized governmental mechanisms to subsidize and manage this process.

3. All of the organizations and players who reaped a fortune engineering the debt and derivatives bubbles will be allowed to keep their winnings.

Fitts also alerted me to “Liar’s Poker” author Michael Lewis’ article on the demise of Wall Street, suitably entitled The End. Lewis may not have been a great hedge-fund manager, but he sure can write. (Thanks to NY Times bestseller “4-Hour Workweek” author Tim Ferriss for alerting me to Lewis and his chronicle “Liar’s Poker”). (And if you enjoyed that, check out another hedge-fund manager’s “Thank you and goodbye” – that’s the censored version – letter of resignation.)