by Anelisa

Created on: October 22, 2008   Last Updated: October 26, 2008

Most people in the world feel like they were sailing along in a beautiful cruise having such a delightful time until a storm gradually emerged getting worse by the minute. As the storm gets worse people are angry and afraid. They had put their faith on the captain and crew but nothing seems to be working and the storm intensifies. While they are told that help is on the way people wonder if they will make it all. There is no escape! All the safety measures have failed. The violent and cold ocean waves are brutal with no chance of survival.

Our economic situation in the US and the world continues to make people insecure, angry, and afraid. Storms in the ocean eventually calm down and one feels peace when the water is so very still. We wish that the economy would be so predictable as nature but we all have to face the harsh reality of the enormous complexity of our economy nationally and internationally. That monster seems to get bigger and more complex to the world economy, the gigantic monster.

While most people in the world are not naive, they had put their confidence in their government, wall street, economic experts, business, and other money experts. All that confidence has gone down the drain and most people are in a state of shock and betrayal. Trust is a remote word of the past.

People are trying to pick up the pieces depending on what is left and that changes daily. The more people had the more they lost. On the other hand the less people had the more they felt it.

As we have seen our solid institutions liquidated and fall altogether, most people wonder if the cash they have is not only insecure but there at all or where is it? Many throughout the world have withdrawn it altogether and put it in a safe place. On the other hand, if the dollar keeps going down people wonder just how much is each dollar is or will be worth.

Blame is with every institution and with those running them including the government. Governments keep moving quickly and boldly! More and more money is poured in by nations to rescue the national and world economy. People are constantly reminded that we are a global economy. Just as something seems to be working, it starts falling apart. More and more money is needed. More and more action is needed.

Everything is happening so quickly that there is no time to spent blaming those who were responsible for the economic mess. Wall Street is in a roller coaster and all of us are in our seats feeling the horror of the ups and downs.

Solutions are a dime a dozen and none seem to cure the disease but just ease the symptoms. Many conflict with each other and many were never followed in the past. New ideas are held with suspicions and may not work. Some experts in the world are offering solutions which could work but require pain, suffering, and austere measures most people may not or do not want to endure.

Credit seems to be the magic word in the world economy but most people are questioning the basis of this world economy. This spell of credit overcame most people to make bad economic decisions as we were caught up in the joy of spending as we wanted more and more. This economic storm took decades to muenster to the perfect storm we have been having in the past weeks all over our land and the world.

Each one us is so very frightened as we look at the cold and brutal economic waves. While there is no way out, each one of us needs to pull ourselves together and re-evaluate objectively our own past decisions, present conditions, and have an economic plan which makes sense to us. Do we want the engine of our own economy to be credit?

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