Since late 2006, 288 banks closed their doors, while other major banks are in the process of bankruptcy. Indy mac, countrywide, washington mutual, chase wholesale and lately on the verge of a merge wells fargo and wachovia, just to mention some. People are terrified to loose all their savings, so they're saving money in their homes instead. That is a scary situation for america and the whole world. Which leads me to this question: What is happening to the world?

Remember 5 years ago?

We used to spend money on real estate investments, luxury cars, vacations and we still had some money left, money wasn't an issue. Back then some people looked at all these spending as a temporary ride, while others thought this dream will last forever. The problem was that 90% of us thought this dream will last forever, unfortunately the banks were part of this category and that's where the economy crisis started.

We can blame each other or we can blame ourselves, but looking for faults will not fix anything. Many people are completely innocents, they just wanted to have a more comfortable lifestyle, but others (banks, mortgage brokers, loan officers, real estate professionals, etc) wanted to get rich from these innocent people. Why innocent people need to pay the price? Unfortunately that is how the system works in america; rich people's money always will play a roll over the ones that don't have as much.

We've trusted banks with our money, our investments and our homes. If you think about it for a second you don't trust anybody in this world like that, so why do we trust banks? No one can understand really why, but many will blame the false advertisement and promises that banks kept on delivering to us through television, radio, newspapers, internet and other sources of advertisements. Banks are a multi billion dollar organizations that run the world, but today it's a little different.

It's hard for us to accept changes in life, but this change topped every other small change that we were afraid from. No body ever expects something like this to happen in the year 2008, but we have to learn how to live with this change. Many people have predicted this change to last for about 5 years or more, some say it will last for 2 or 3 years, but no body really knows.

Some of the questions that you're probably asking your self today are:

Who will tell us what to do with our money?

Who will tell us what is the right investment for our money?

Who will tell us how much money we have?

Who will loan us money when we need it?

Who will help us sleep well at night?

Who will help us finance our homes?

Who will help us build businesses?

We have so many questions and no ones to talk to, because now these banks are fighting for existence. There are some organizations that operate by the government and they can help you with your money, but don't ever forget that you are the master of your own mind and use it to your benefit. More important you need to learn how to live with this change and make the best of it.