Global Financial Markets and You
Joan Veon, May 13, 2010
The week of May 2 – 7, 2010 will go down in history as one of uncertainty and change. When I asked then UN Secretary General Boutros Boutros-Ghali in 1995 what he meant by change, he told me there were several forms of change but what he was talking about was CONSTANT CHANGE. Now that all of the barriers between nation-states have fallen with the exception of the regulatory laws which are about to fall, we will be subjected to constant change as there will be no barriers or borders between countries to prohibit global change and global chaos. Chaos always breeds opportunity to those who create it to take more power, to make money, and to change the world into their image.
In order to have global change you need to have global uncertainty. Last week saw a number of things occurring on an integrated world: the Senate Banking Committee appears to be getting closer to a bi-partisan agreement on regulation; the 1000 point drop in the market; the British elections; and the debt crisis in the European Union led by the debt of Greece.
Tags: Economic Collapse