Britain must not bail out Dubai, page 1
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Topic started on 29-11-2009 @ 01:22 AM by ModernAcademia

Britain must not bail out Dubai


www.mirror.co.uk
Dubai is sinking into the Arabian Gulf, a get-rich mirage built on the shifting sands of debt.

Now we're all paying the price as the United Arab Emirate state's inability to pay its debts threatens to drag down our economy

Hopefully Gordon Brown's assessment proves correct but if spend-spend-spend Dubai collapses, he mustn't commit British money to keep the place afloat.

We committed cash to bail out Iceland when its banks went under but the United Arab Emirates, and particularly oil-ri
(visit the link for the full news article)


reply posted on 29-11-2009 @ 01:22 AM by ModernAcademia
Watch THIS Video!


Watch the above video!

I always thought Dubai was an amazing achievement by man, I started thinking different two years ago when I found out that almost everything beautiful is built by workers working under slavery, as human rights organizations like to pull it.

But I never thought Dubai would be going under like this, never thought this would happen.

But now there seems to be somewhat of a conspiracy about it.

www.mirror.co.uk
(visit the link for the full news article)


reply posted on 29-11-2009 @ 02:07 AM by badmoviefan
reply to post by ModernAcademia



I know but HELP! I knew this was going to be an issue several years ago when Dubai realized that there oil was not going to last and they started the building for tourist campaign. This is going to kill world econ if not dealt with. Far to many Dubai IOU's out there to ignore.


reply posted on 29-11-2009 @ 02:59 AM by Blanca Rose
reply to post by Agit8dChop



What is scary, is the worth you are saying is based on dollars. What do dollars mean?

These are frightening times, when entire countries can walk away from worth, or debts based on dollars, or any paper currency not backed by something real.

Does that mean that everyone can walk away from debts, based on dollars? Or pounds, etc...?

Sisters can fight ferouciously by the way. So, based on my personal knowledge of what you said, I'm laughing.


reply posted on 29-11-2009 @ 08:33 AM by Laurauk
reply to post by ModernAcademia



Off course it is bad, it would be bad for the taxpayer in the UK..

We have enough debt to pay off, without adding anymore to it.

You do know it will take up to 30 years to pay back the amount of money the British Government Borrowed, to bail out the banks?

I am sorry but charity begins at the home. I am sick and tired of the UK Government bailing out, companies, countries, while there is people suffering within the UK. Sort out the problems off those in the UK first of all, is what I say.
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