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Dubai doomsday -- Dubai real estate wipeout
kicks off Stage 2 of the global depression
rickackerman. ^
| Dec 2009
| Guarino
Posted on 12/08/2009 7:20:41 AM PST by dennisw
click here to read article
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1
posted on
12/08/2009 7:20:42 AM PST
by
dennisw
To: dennisw
I can see why the gods of finance are sending out visions of hope and optimism.
2
posted on
12/08/2009 7:24:19 AM PST
by
bsf2009
To: dennisw
The sewage of Dubai has to be shipped out by tanker fleet every morning. I wonder where it goes.
3
posted on
12/08/2009 7:25:48 AM PST
by
bsf2009
Comment #4 Removed by Moderator
To: bsf2009
5
posted on
12/08/2009 7:29:50 AM PST
by
bsf2009
To: dennisw
When their is row after row of construction cranes reaching into the sky.....sheesh!
6
posted on
12/08/2009 7:30:35 AM PST
by
MadelineZapeezda
(Promoted by God to be a mother!!!!!!!!!!!!!!!!...................Thanks, Susan!)
To: dennisw
GREED! plain and simple...Greed is at the root of today's economic woes. Capitalism takes the hit for this, unfortunately, and the greedy SOBs that really cause the huge disparities in the economies of the world get away with murder.
One cannot live this decadently and not be part of the economic problems we face.
7
posted on
12/08/2009 7:33:30 AM PST
by
ThomasMore
(Patrick Henry and Joe Wilson...Patriots past and present!)
To: ThomasMore
bingo. Capitalism is greed tempered by fear. If either element is missing or unbalanced, you no longer have capitalism.
To: dennisw
Investing in Dubai always seemed like such a stupid move. Depending on those idiots is as good a bet as tiger woods staying faithful.
9
posted on
12/08/2009 7:42:17 AM PST
by
Tolsti2
To: wombtotomb
If either element is missing or unbalanced, you no longer have capitalism. Eloquently described in the term "too big to fail".....quite possibly the single biggest scam to be thrust on the American people since Socialist (in)Security....but wait, the EPA has its' own plans......
10
posted on
12/08/2009 7:42:25 AM PST
by
Thermalseeker
(Stop the insanity - Flush Congress!)
To: Tolsti2
Depending on those idiots is as good a bet as tiger woods staying faithful. Deceit is a big part of Arab culture. Trust an Arab at your own peril.....
11
posted on
12/08/2009 7:44:42 AM PST
by
Thermalseeker
(Stop the insanity - Flush Congress!)
To: dennisw
12
posted on
12/08/2009 7:45:39 AM PST
by
onedoug
To: Tolsti2
Depending on those idiots is as good a bet as tiger woods staying faithful.LOL.... what is Tiger now... 7 under par?
13
posted on
12/08/2009 7:48:28 AM PST
by
ThomasMore
(Patrick Henry and Joe Wilson...Patriots past and present!)
To: Thermalseeker
Deceit is a big part of Arab culture. Islam defines the Arab culture...and Islam is ALL about DOMINATION. Greed always gives birth to the desire for dominance. So why should we be surprised at the huge economic disparities in the Middle East and this scale of decadence in Dubai.
14
posted on
12/08/2009 7:53:31 AM PST
by
ThomasMore
(Patrick Henry and Joe Wilson...Patriots past and present!)
To: onedoug
Is it just me, or does that resemble a mushroom cloud?
15
posted on
12/08/2009 7:55:08 AM PST
by
Renderofveils
(My loathings are simple: stupidity, oppression, crime, cruelty, soft music. - Nabokov)
To: ThomasMore
Putting for nine on current hole
To: Tolsti2
That was probably the best hindsight being 20/20 post I have ever seen.
17
posted on
12/08/2009 7:58:39 AM PST
by
thefactor
(yes, as a matter of fact, i DID only read the excerpt)
To: ThomasMore
Islam defines the Arab culture... It does now and has more or less for the past 700 years, but the Arabs were deceitful traders long before Mohamed and Islam came along. I learned this after working in the Kingdom twice on telecom projects. Arabs view deceit as honorable if, when trading with someone, you are able to lie and get away with it long enough for the deal to conclude. Seems to be a big part of Russian culture, too. I noticed the similarity when I worked with a bunch of ethnic Russians on a project in Israel.
18
posted on
12/08/2009 8:01:37 AM PST
by
Thermalseeker
(Stop the insanity - Flush Congress!)
To: dennisw
Even to us rank amateurs, something about the way they were developing did not pass the smell test (maybe it was the long line of sewage trucks??)
That being said, from what I’ve read about development there it appears that the Emir of Dubai was forced to respect the property rights of his citizens much more than the US Government must after Kelo.
To: dennisw
Simply amazing.. the scope of it all...
Nick promises the greatest money making opportunities from all this.. in the article.. Could be true.. if you knew how to capitalize on it..
20
posted on
12/08/2009 8:08:03 AM PST
by
hosepipe
(This propaganda has been edited to include some fully orbed hyperbole....)
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