I’m curious about the credit crunch…banks like UBS made huge losses. Several countries, like Singapore (forked out $14billion?), to help bail out UBS.

Now into whose pocket did the cash go into? Where did these monies go?

Surely there must be someone or organisations benefiting these massive losses. Or is this a case, over the years, there were lots of misappropriation of funds and bad audits?

In stocks and shares, one suffers book loss. What does ‘book loss’ mean? If that means virtual money, then why the jitters?

Can anyone explain these happenings?

Furthermore, there is high inflation around the world.

Is the world heading deep economic depression?