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Britain must not bail out Dubai

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posted on Nov, 29 2009 @ 01:22 AM
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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)




posted on Nov, 29 2009 @ 01:22 AM
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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)



posted on Nov, 29 2009 @ 01:27 AM
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Yeah, I totally think that Dubai is an epic waste of carbon and money.

But that's my opinion. I mean, I agree that they shouldn't bail it out.




posted on Nov, 29 2009 @ 01:29 AM
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So much for the idea that everyone should be free to do what the want from an economic standpoint.

If your neighbor is over extending himself, it's going to effect you. That's the lesson to take away from all of this.


We should have stopped this a long time ago, made them pay up on at least 20% of the debt before lending anymore...



posted on Nov, 29 2009 @ 01:38 AM
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Woo hoo! Go, Britain! Bail out this place. Heh. I first read about the Dubai Debacle in Nat Geo Mag. It all seemed rather cool to me, if people could afford such stuff. Meanwhile. I wondered, uh,what if there was a earthquake or a tsuami? Would not that, maybe, wipe out this feat of engineering? Oh, well. Mother Nature doesn't have to correct this abomination of ill conceived engineering plans. Humans are doing the job quite well.










posted on Nov, 29 2009 @ 01:40 AM
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I hope Britain bails out Dubai! I am an american and it terrifies me! They owe american banks 60 billion! Welcome to the suck american ats members.

[edit on 29-11-2009 by badmoviefan]



posted on Nov, 29 2009 @ 01:54 AM
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Like Haliburton, et. al.'s gonna allow Dubai to sink. For all we know they all engineered this so that the prices of champagne will tank even more and they can hoard a lot of it.




posted on Nov, 29 2009 @ 01:55 AM
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Wait, wasn't that where Michael Jackson fled to after he left Neverland?

Well, he's gone now. There goes their only supply of real income.



[edit on 29-11-2009 by Blanca Rose]



posted on Nov, 29 2009 @ 02:02 AM
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Originally posted by badmoviefan
I hope Britain bails out Dubai! I am an american and it terrifies me! They owe american banks 60 billion! Welcome to the suck american ats members.


Whatever happens a bailout is always a bad idea
The bankers only create economic havoc it's partly their fault
Did you watch the video?

Plus if britain bails them out that would hurt the pound pretty bad.
This is either way going to create a huge global ripple effect

This article is pretty good and brutal
www.independent.co.uk...



posted on Nov, 29 2009 @ 02:07 AM
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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.



posted on Nov, 29 2009 @ 02:51 AM
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Dubai's debts are what, 80 billion? Abu Dabi has something like 800billion in assets... and its a sister city.

80billion? this econmic crisis has cost 1.4 trillion, or something there of...

80 billion is nothing.. i think people need to calm down a little.



posted on Nov, 29 2009 @ 02:59 AM
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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.



posted on Nov, 29 2009 @ 03:06 AM
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They could fix it in 6 months by allowing Casinos and Mini Skirts and Booze...

Not sure what kind of tourism and International attraction they expect it to be... for the rest of the world given that...you can't Frackin do a single god damned FUN thing except shop for expensive crap you can't afford and stare up at tall empty buildings...

Who the heck goes on vacation where getting laid is essentially near illegal and even if you do it quietly in your hotel room people wills till walk by your wife and call her a whore in Arabic for not wearing a veil


I know i'll be renting office space there sometime next Millennium


It's like Disney worlds with a free injection of Herpes for the kids with ever ride... Not going to be Popular



posted on Nov, 29 2009 @ 08:33 AM
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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.



posted on Nov, 29 2009 @ 11:48 AM
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Dubai
A city built on a patch of desert that didn't even have enough water for its original inhabitants. What a great idea! I know, while we're at it, why not lets build a beach resort in Antarctica, with giant IR heat lamps running 24/7?
Dubai wants money?
Yeah, right. Get in the queue behind the square wheel & chocolate teapot. At least they're just stupid & potentially quite funny, not criminally abusive.
F# Dubai!
So "islamists" might take over? Good. Who cares? Let them pay for it... Western expats & companies will lose money? Oh, my heart bleeds. Tell it to the slave workers, oh & btw, f# them bone-idle greedy twats too!



posted on Nov, 29 2009 @ 01:07 PM
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Originally posted by Agit8dChop
80billion? this econmic crisis has cost 1.4 trillion, or something there of...

80 billion is nothing.. i think people need to calm down a little.


80 Billion is nothing? I think some people need to wake up a little.. or alot!

look where we have come, not only is the dollar of lower value since FIAT took over, but also thanks for the engineered economic crisis people now consider 80billion as pocket change.

You therefore consider 100USD to be comparable to 5billion zimbabwe dollars to buy a loaf of bread.

Don't you understand that this very thinking will result in your own economic demise?



posted on Nov, 29 2009 @ 04:08 PM
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Interesting to me that that the UK and other Euro players get so sucked into the Dubai con while the US seems to have avoided it to a greater extent. Guess the US was too busy with its own domestic real estate scams and pyramid schemes.



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