Free Republic

How Wall Street's Bust Threatens Dubai's Boom By Scott MacLeod / Cairo Saif Ahmed began living the Dubai dream five years ago. The University of Toronto business school grad moved to the Gulf city-state and quickly co-founded property developer Universal Canlink Inc. By 2006, the firm was turning over $15 million a year as its brochures lured foreign investors with tales of "meteoric" growth in the Dubai real estate market. Now, as the global credit crisis spirals from Wall Street to the Middle East, Ahmed is coming back down to earth. There's still interest, he explains, but the buying frenzy...

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” -Thomas Jefferson The Founding Fathers put Congress in control of the the U.S. monetary system. In 1913 Congress relinquished this awesome power and gave it to a private cartel with the passage of the Federal Reserve Act. For almost 100 years, Federal Reserve policy has swindled Americans...

Students at the Institute of Florida Real Estate Careers in Kissimmee, Fla., spend 63 hours studying for a real estate license. The Institute of Florida Real Estate Careers, based in Orlando, has 11 centers around the state but has still had to place students on its waiting list this year. "The numbers are off the charts because of the really aggressive real estate market," the school's president, Richard Fryer, said.... State real estate commissions report that they have been seeing steadily increasing numbers of people taking the license exams.... "There's no indication that the trend's going to slow down," said...