Finding Safe Havens for Money

The movement of funds between banks and countries in the search to protect assets will accelerate as market uncertainties increase. It is ironic that, in fact, nowhere is truly safe, for anything can happen in our changing world: all nations are so interconnected, none are immune from the debt pandemic which is everywhere. The time is close when people will realise that having wealth not only is meaningless but also carries a weight of responsibility which can be more trouble than it is worth. For now, as attitudes to money are forced to change, I suggest that simplicity is the key - ensuring what is needed for everyday life is accessible and that financial affairs are as uncomplicated as possible. Above all, it is important not to fear the loss of something that, in reality, does not exist: money in a bank or a fund is virtual money, illusion, yours in name only. Indeed, the more you worry about it, the more it may indicate how attached you are to a dream. These are such interesting times.]]>