For the last few weeks media is bombarding us with news about a huge fiancial crisis that US is fighting. But let us be honest by this time financial crisis has affected the whole World. It all started with US real estate bubble burst. But with the downfall of World’s 3rd biggest investment bankLehman Brothers and US biggest savings bank Washington Mutual the crisis has spread all over the World.

Many European financial concerns found themselves on shaky ground. The first Europen financial crisis victim was German Hypo Real Estate with a 35,000,000,000 EUR ($46,589,000,000) debt. Yes, unbelievable numbers. While German government was deciding what to do, Belgium-Netherlands bank Fortis and UK mortgage bank Bradford&Bingley were saved by their government.  The urgent German government financial help for saving Hypo Real Estate was finally approved by Europen Comissonion. It will be financed mostly by Berlin, but partly also by other commercial banks and German government. Sadly, more and more financial concerns are on the edge of the downfall. And the crisis doesn’t end here.

Gold Reserves are Running Out Fast
Considering the circumstances many people are jumping like crazy for gold, silver and other precious metals. The gold supplies in some European countries are already gone and Germany is seriously thinking of  prohibiting gold trading for its residents (the same strategy US used to protect their banks in 1933 when there was another big financial crisis going on).

Unemployment Will Increase
Employers are already cutting off their employees, car industry has announced a huge reduction in future car production. More than 7 million people in US have lost their home and more are to follow. We can already read titles like “Why aren’t we seeing any suicides on Wall Street?” or”How Come These Wall Street Assholes Are Not Jumping Out Their Windows?”
After the 1929 stock market crash people were literally jumping out the windows, is this about to happen again?

When will this crisis stop? Unfortunately, experts estimate it will last at least for a year. So how ready are we for this?

No One Saw It Coming
It is not my intention to worry you, but the situation should not be overlooked at all. Maybe you are not experiencing any consequences yet, but don’t think it can not happen to you. We didn’t see this one coming even thougs experts were warning about it.

When crisis started in US, European goverments promised it will not affect their countries. Shortly after that first Europen bank announced possible downfall. The situation got a lot more serious, people all over the World started panicking.

Then came another bank possible downfall announcement. Most European banks were still claiming it won’t affect their customers, but in the same breath governments raised the guaranteed amounts for peoples bank savings to much higher amounts. Many of those governments set those amounts to unlimited the very next day.

Is Government Your Friend?
This raises a serious question – Who do we trust? Who can we trust? I have learned a long time a go, that our governments have a great ability and talent for wrapping things up. They will serve us anything just to shut us up. Now that situation got out of hands, those promises are becoming even more foggy. I am not saying not to trust anybody, but make sure you have your way out. A blan B that will help you and you family cope with this crisis.

Online Home Business Opportunities Will Help You Cope
Regardless of what is happening out there, online business is still blossoming. Maybe this can be your opportunity to secure your future as many of us have done. Don’t be fooled by your governmet promises they will take care of you. We would not be in this crisis if they had done a good job in the first place.

I attended a financial seminar held by a great financial guru yesterday and the information he shared with us wasn’t even close to bright. It made me think about it and approach to the problem seriously. After all I have lost my job last week and I didn’t realize it could be connected to the crisis until he reminded me of it. In addition to that local newspapers released the news about big unemployment increasements that is about to hit our country. I guess I was one of the first victims. Luckily it won’t hurt me that much because I was already in a process of opening my own company and making my internet home business official.

I would really like to hear your thoughts and experience with it. This has become a global problem and it is in my great interest to hear how people around the World are coping with it. Please leave a comment.