The recent months and weeks have been crazy at the financial markets. The crisis has started at the sub prime market in the United States and it has affected the global financial markets. It has almost caused a collapse of the financial markets. Only vigorous interventions by the governments and monetary authorities of the United States and of European states have prevented the world from the worst. Investment banks have crashed down, e.g. Lehman Brothers, and prominent banks have been nationalised.
Everybody is affected of the crisis of the financial markets
The economic damage is overwhelming and many observers of the economic life predict a serious worldwide crisis. An uncounted number of people have lost and abandoned their homes in the United States. Thousands of people have lost the bulk of their savings in the Lehman Brothers crash. Pension funds have lost assets that count about 2,000 billion of USD worldwide.
There are unparalleled financial losses, but there is also a loss of confidence in the banks and their services. People worry about their savings and the future of their pension funds and individual pensions.
Nobody really knows what the future will bring. There will be a new order of the financial world after the big crashes, but even the experts only have a dim notion what will come.
Everybody should join the discussions about the conclusions
Many people, common citizens as well as professionals in the financial markets, have made their experiences during the recent weeks and months. Everybody is affected. They should have a platform to tell their experience and gather information. What are the lessons learnt from the disaster? Where does the economic life go? How to make money in the future? What do we expect from the bankers, financial services, pensions funds? What should be done and what could be done in a better way? Are there concepts of sustainability in the business world?
Many employees cannot utter openly what they think. They risk to loose the job or they are left out, if it comes to professional upgrading. They also should have a platform to discuss.
Forum launched to discuss the future of the financial world
Make Money Tip has been launched as a website and forum, where everybody is welcome to join the discussion about the future of the financial markets, banks, pension funds etc. Many experts have failed. Now, it’s time for all the affected people to talk at the Make Money Tip Forum. It’s an independent forum: http://www.makemoneytip.com
Liliane Waldner
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http://www.makemoneytip.com
Liliane Waldner is a business economist. She lives in Zurich. She has been in a member of the parliament of the State of Zurich during 17 years. She has attended the board of several public entities and companies, some of them dealing with the financial markets.
