Sunday, March 29, 2009

Uncertain Times

"No job. No food. No clothes"

Yours sincerely ( y s) came across this photograph in the net and since then it has been haunting him. Is the Global Financial Crisis that bad?! BBC, CNN and Aljaeera are full of news of retrenchments, layoffs, unemployment etc and the most scary ones are about the banks that went bust. Phooot, your deposit is gone with the wind, just like that? Never before in the history of banking has so much been owed by so few to so few and yet so many have to suffer! If I owe one million ringgits, then I am lost. If I owe fifty millions, the bankers are lost.

Should y s cash out the few hard sweat earned ringgits that he has saved and kept them under his pillow, or converted them to gold as some smart finanancial gurus preached?

Should the cash be converted into properties since the price is falling and property is aplenty, so says the property gurus?

Should y s cash out the few ringgits and go on a shopping spree with his better half? Shop and shop till we drop as advised by yet other financial gurus that liquid cash should be kept flowing to recover the global economy. The bank saving rates also say the same thing at 2.5 and dropping rate per annum.

Should y s go for a his new dream car, a Toyota Camry, 2.4 cc since the cost of petroleum has dropped drastically?

Should y s paint the town red, visiting night spots, to help activate the economy ?

We are living in troubled times. We are confused over what or who to trust in?

King David of the Book of psalms advises that at this troubled times, some trust in chariots and some in horses but the best is to trust in God. If you worry, you do not trust and if you trust, you do not worry.

The human race has pulled out of the Great Depression of the 40s and survived several other depressions and economic downturns, my faith in the human race is strong. We will be able to survive this one, too.

3 comments:

Unknown said...

hmm, I rather stay calm even thouigh I do face difficulties too. Just let it be what may come..

Thomas C B Chua said...

Tks KBguy. You sound like a nice, decent fellow. Hope to befriend with you. You are right. Be calm. They say that if life hands u a lemon then make lemonade. Life is a four letter word. Live ( also four letter) it.

Take care. Bless you.

classyadele said...

Hey dad...this is out of context - but check out yasmin's latest video on "family", a project commissioned by Singaporean Gov. You will recognise one of your 'old friends' in the video ;)
http://yasminthefilmmaker.blogspot.com/2009/04/film-we-made-recently-commissioned-by.html