The financial crisis

It has been a very bad month. The 300 british pound I bought is just worth a mere $700, collapsing about $116 since I bought it in May. ( Fortunately I did not bought the DBS high notes 5 series). The currencies are dropping like mad, icelandic krona- not accepted(economy collapse,all large bank close down),euro-2.20 drop to 1.90( bank are not safe, do not dare to lend each other). 

The yen had rose from 1.24 in first quarter of 08 to 1.66 in the present( per 100 yen). The financial crisis had became an economic crisis!! Fortunately, Singapore banks had guranteed all saving deposit( foreign or local)  and there is an upcoming integrated resorts( or casino) to boost  the economy. The economic crisis had cost lots of devastation to the economy( especially those relationship managers, or fraudsters in disguise who care more about commission and bonus ,who "conned" many elderly that if they put their money in the DBS high notes for 5.5 years, you can earn 27.5% interest rate, which is too good to be true).  By the way, Halloween is somewhere near and approaching and wish all readers a happy halloween.