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Dubai...The end?
Well here we go... Dubai's financials woes finally on the mainstream...who's next??
This was forecast a long time ago by various people...all part of the plan!! Could this be the final push toward financial meltdown and the dollar... Dubai World's hesitancy to pay off its debt sparks a selloff in Asia. NEW YORK (CNNMoney.com) -- U.S. stocks were set to open lower Friday, following sharp declines in Asian markets, as Dubai World and its debt woes threatened Wall Street's confidence. Dow Jones industrial average, Nasdaq and S&P 500 futures plummeted, with Dow futures down 222 points, hinting that stocks could take a dive during their abbreviated session on Black Friday. further reading http://money.cnn.com/2009/11/25/mark...iday/index.htm viking |
Re: Dubai...The end?
yeah this is smelling like the final nail in the coffin
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Re: Dubai...The end?
Looks like Lindsey was right they wanted the Arab nations bankrupt so they could take over the Oil and gas rights in exchange for more Loans . This is for cooperating Arab nations the others that don`t want to play the game get invaded and proclaimed bad guys
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Re: Dubai...The end?
Thanks Northern...
Thats the chap I was thinking of....couldn't remember his name... Looks like its all going according to plan then!! Next move I suppose the Dollar?? viking |
Re: Dubai...The end?
Hi Northern Boy,
Dubai doesn't have any oil, it is built on a series of man made islands and is basically a millionaires' condo. There are two main private businesses that are wanting these debts to be suspended for a few months. Although this does not involve the local government as such, it does tend to bring the value of the properties down and this could lead to a domino effect on the other private construction companies out there and make the place less attractive for other millionaires to invest. I imagine there will be more Mercedes left in the airport car parks soon. Once the dust settles, i could be a good start up place for a new strain of millionaire to buy up something 'cheap'. Best regards, Steve Quote:
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Re: Dubai...The end?
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http://projectavalon.net/forum/showt...ndsey+williams But I can confirm, that the arabic GCC rich countries has been lured to invest their money in high yield financial instruments, which were, very risky, of course. They lost, such, more than half of their wealth. Ad to this concoctions dreams of grandeur as the Dubai ruling elite had (just remember the palm shape islands they constructed and so) and you will have the explosive mix. Of course, now the international elite, will put the blame of dollar sinking, on the Dubai crash and all the people will repeat this like parrots. You will see this. What I mean to say, is that TPTB, will try to shift the blame, towards the islamic countries, same as they did with the war on terror, as the thinking way already formatted in the peoples mind. Why doing that? because they starting to be afraid by the people reaction: each day the people demanding banks audit, FED audit, what's happened with the TARP/Bailout money, etc. They are cornered in some way, so they thought the crashing of oil countries to be associated with the dollar decline, in the people's mind. What do you think? |
Re: Dubai...The end?
Wow.
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Re: Dubai...The end?
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