Sunday, October 19, 2008

A financial Depression…

Imagine what the U.S. financial crisis did to world market? It affected everyone who had investments in banks. The un-controlled panic in the stock markets made everything worse. In times of financial meltdown, the stock market cannot save it self. It basically needs each government to help its own financially. What kind of market that we are engaging therefore if just one nation can ultimately alter the global market. Most of the stocks are not insured, therefore there is no guarantee in the beginning. Still, how can these fundamentals of the market be acceptable? Now, all rich nations had to act for the sake of saving the global market and even there own. By the way, whose money are they using? Oh yah, it’s the peoples money saving the peoples market

It is clear now, that to be globally active is to be globally risk aware. The domino effects of global market fallout are human in nature. For those who have seen this type of crisis may have well survived it. I don’t know how they cope with the financial crisis in their own means. For me, I realized there should be a personal “crisis shelter” to fall back. The Crisis Shelter is a place where you:

a. A place to fall back to forget the global chaos and relax for sometime. Of course you’ll need little money to pay for utility bills. Probably a back-garden to get vegetables to save on food cost and a hobby to let time past while being productive. Or better yet, invent a sustainable house and share with others.
b. Do not only depend on bank products to earn on risky stocks or funds. If you already have stocks just don’t panic. Study your options carefully before deciding on what to do with the investments. It’s investment anyway, so forget about it so you’ll have no further headache. Just kidding!
c. Create your own insurance. Where you will save your money is your secret now. Well, if you have good ideas let me know! If there is only a tree that produces a lot of fruits all year round non-stop, I will plant one right now.
d. Do not only rely on fund managers or the market experts, trust you’re self since it’s your money and no one will insure you money anyway. Look at what happened to this crisis, how much hard end money is now lost because of stocks value went down crazily.
e. Scatter you’re money as if like a child who knows where to get back his stocks of cookies under the pillow when the time he wants to eat it.
f. Develop a habit of saving money, a stock of rice, a stock of flour, or even a stock of resiliency of the heart. Just don’t become an illegal hoarder.
g. Don’t worry much of the future since you cannot literally use your money when all you need is love.

2 comments:

xhris said...

this is good stuff literature. i like the way you wrote it. you ended it so well.

eio said...

We may need something like that back home....thanks dre...