The world is in japody. Financially. It started in the U.S. Maybe not entirely U.S. to blame, but rather the world is to blame. Now, the world has to pay for it.
How serious is this anyway? Trillons of dollars are still in debt. The U.S. government has to step in to help the situation. At the rate the financial world is going, there may be a version 2 of The Great Depression.
Signs of this bad nightmare? -People losing their jobs -Big Banks closing down (I do mean BIG and assumed to be financially sound) -Recession -Amazing drop in the prices of stocks (Violatility of the market)
Transboundary Basically, this is like haze. It spreads like fire! Even faster than fire. The haze transbound into other countries. First from U.S. to Europe. Now it has hit Singapore. We all know this sooner or later. Afterall, Singapore is a small country. This can be judged from the STI index which has recently fell another 5%.
Tip? Start saving money. Protect your money =) In addition, store food in your house. Just in case =)
