The break of dawn heralds the beginning of a day and the ensuing week. The weekend saw a string of closely-fought English Premier League matches; the highlight being the match between resurrected Liverpool side and the league leaders Manchester City which ended in an enthralling 1-1 score line. For the cricket fans, the test match between India and West Indies ended with the scores being tied, which was a great advertisement for the dying form of the game.  All in all, the weekend was a real spectacle with teams leaving their dogged determination behind in going all out for the win-In this competitive world of sports, winning is the one and only formula. But as the sporting world looks bright and carefree, the global financial scenario paints an all together different picture-Beginning of the End.

The global economy is heading towards a massive set of trouble in the following months. Right now we are witnessing the beginning of the credit crunch that is shaping up to be very reminiscent of what we witnessed in the dark days of 2008. Investors and big corporations alike are pilling their huge amount of investments out of the troubled Euro zone and nobody wants to lend to those banks. Economists opine that a potential dozens of Lehman Brothers moments could be observed in Europe in 2012. European nations are already drowning in debt and are going to find it much more expensive to continue funding that debt. It would be a huge understatement to say that there is a financial chaos in Europe right now.

The European financial system is in so much trouble that it is hard to describe. The instant they stop receiving bailout money, Greece is going to default. Portugal, Italy, Ireland, Spain and quite a few other European nations are also on the verge of massive financial problems. The US financial system is going to be affected as well because US banks have a huge amount of exposure to the European debt. We are in a lot of trouble my friends, and things are going to get really, really ugly, to state the obvious. The sad thing is we have never recovered from the last major financial crisis. Right now, the US economy is far weaker than it was back in 2007. So the question that everyone is asking- What would happen if we get hit with another financial tsunami?

If you my dear readers still have a great job in these chaotic times, then you should definitely be thankful. But let there be no doubt, the global economy is going to get a lot worse in the years to come. Just because you have a job today does not mean that you will have one tomorrow. Just because you have a nice car and a big home today does not mean that you will still have the possession of them tomorrow. We all need to try to become less dependent on the infamous ‘system’ because the ‘system’ is ultimately failing. We are in the crossroads of time, where our future depends on the hands of few people. A storm of trouble is brewing. And we should be ready to weather the storm!