The fangs of Depression returned after 70 years to bite again. It bit the same country most strongly – USA. But this time, the effect on the other countries has been huge owing to the power that USA commands in today’s world.

The trend in share markets has been largely bearish and short selling of shares has been a prime idea even though banned. The market is expanding momentarily though the bubble factor. It is bloated by air and might burst soon.

In these hardships, the Government has self-proclaimed the power to extract fixed and liquid property of the citizens to the point where basic life is not hampered. This is also a period when debts and obligations hold no meaning. The gold diggers do have hard time to save their money from the systematic onslaught.

Intelligent rich mien pass a share of their belongings to the buffer states like Switzerland, where their money remains safe till conditions get better again.

This entry was posted on Sunday, October 4th, 2009 at 7:30 am and is filed under Financial planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.