Dubai's Fucked!!!! Make Money Off It

 

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K exactly a year ago I was in Dubai and the place was unreal. But ...
  1. #1
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    Default Dubai's Fucked!!!! Make Money Off It

    K exactly a year ago I was in Dubai and the place was unreal. But one thing I noticed was the stores werent that busy and every big amazing condo I saw was empty inside. It was obvious the place was gonna get fucked. Next thing you know ppl are fleeing the country to aviod bankruptcy jail and the goverment put a ban on reporting any negative news about the economy. Now their bankrupt and lots of u.k money was used and invested there. Start putting put options on u.k banks. You can bet some bankruptcies are gonna go on the other side of the ocean. The American dollar is gonna rise in value too because of this believe cuz investors know that this affect the European countries more.

    these guys describe it pretty well here.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Swell. CNN is also reporting that other countries over there such as Saudi may bail them out. Here come $6 / gal gas here in the states by summer.
    Adapt - Improvise - Overcome

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    I love it!!!!

    Fuck Dubai

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    This isnt gonna make the dollar go up in price, but the pounds/eoro will drop.

    And Viciousfish you shouldnt complain a bout gas/oil prices because here in EU they arent subsided by the government, we pay almost double here.

    But yeah, all financial news papers are talking about Dubai. Tg
    hey did deserve it.
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    Default Re: Dubai's Fucked!!!! Make Money Off It

    This is another problem with a fiat currency

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    You hope that they can get things going there.......in the bigger picture, we want Middle Eastern countries that are more friendly towards the Modern World, not another hostile one to deal with.

    Dubai is a more tolerant Muslim country. I wish them the best.

    Again, in the long run, WE are the ones who will be affected, if they fail.

    It doesn't matter your country of origin or political leanings.....

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by niche1 View Post
    we want Middle Eastern countries that are more friendly towards the Modern World, not another hostile one to deal with.
    hostile? How about I come over to your house abuse your economy and family, then when when you start to get all crazy i can slap a sticker reading 'hostile' on your forhead

    anway...this was bound to happen

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    I started my site on dubai http://flashydubai.com a year ago...I guess its time to reap the fruit

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    max keiser is the man! seriously max keiser and peter schiff called all this economic issues years before it happend.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    The flight to the dollar will only be temporary. But to those savvy
    FX traders, 'temporary' is the name of the game. Keiser knows his
    shit, watch some of his videos from the past year, good stuff.

    Yes 'vegasvillian', I could not help but laugh myself earlier this
    year when this Dubai construction collapse came to a head. But,
    I use to live in Las Vegas, I'm assuming you do as well. Vegas
    is focked as well! Fountainblue, 8.5 Billion dollar CityCenter,
    houses in Summerlin for $15 Grand (I'm serious!) that use to
    be $500k plus! Point is this global economic collapse is JUST
    getting started. Vegas in many ways is the barometer for the
    U.S. economy, 'Bubble City USA'.

    "If it happens in Vegas, you can bet it's coming to Main Street near you"

    The situation is more dire that people realize. So try and profit from it!

    OBTW, Climategate, called it YEEEEAAAARRRRS Ago! Ahhh, the satisfaction...

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by lozzzer View Post
    I started my site on dubai http://flashydubai.com a year ago...I guess its time to reap the fruit
    Nice site, how much traffic are you getting?

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by xenoz View Post
    The flight to the dollar will only be temporary. But to those savvy
    FX traders, 'temporary' is the name of the game. Keiser knows his
    shit, watch some of his videos from the past year, good stuff.

    Yes 'vegasvillian', I could not help but laugh myself earlier this
    year when this Dubai construction collapse came to a head. But,
    I use to live in Las Vegas, I'm assuming you do as well. Vegas
    is focked as well! Fountainblue, 8.5 Billion dollar CityCenter,
    houses in Summerlin for $15 Grand (I'm serious!) that use to
    be $500k plus! Point is this global economic collapse is JUST
    getting started. Vegas in many ways is the barometer for the
    U.S. economy, 'Bubble City USA'.

    "If it happens in Vegas, you can bet it's coming to Main Street near you"

    The situation is more dire that people realize. So try and profit from it!

    OBTW, Climategate, called it YEEEEAAAARRRRS Ago! Ahhh, the satisfaction...
    Please show me a house in Summerlin for 15k lol maybe in North Town or on the East Side....Vegas has been coming out of the recession since we were the first one in it. City Center is done, Fountainblu is going to be finished but I know what you mean.....


    The only reason I hate Dubai so much is because my mother is part of a certain race of people (well shes 50%) thats not alowed to own a business in Dubai. Yet Dubai World is allowed to operate IN THE COUNTRY I LIVE IN! Not to mention they own part of City Center now.

    Even though I could give to shits about the environment I hope we all go green and we never use oil again.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by theadultsplayground View Post
    This is another problem with a fiat currency
    Yep, all currencies in the world are fiat currencies backed by absolutely nothing.

    Personally I have loaded up on gold as well as gold producing equities over the last 15 years and continue to buy them rather than hold cash. It's served me well and I believe the best is yet to come. Get ready for chapter 2 of the financial crisis!

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by zone69 View Post
    Get ready for chapter 2 of the financial crisis!
    My thoughts as well.

    It is just the beginning of a new cicle and ways to profit from it abound, even if one just create a WordPress blog about Dubai and throw some AdSense financial articles on it.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Surprising that Dubai world debts about 80 billion dollars...Just saw the news...
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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by simpleguy View Post
    Surprising that Dubai world debts about 80 billion dollars...Just saw the news...
    Peanuts compared to the American economic bailout amount

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    lol India is gaining power

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    DUBAI's 80 billion debt delayed rattled the world economic markets. Can anyone imagine what would happen if the US hinted they needed more time to pay their creditors

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    I dont get it. How can you make money from Dubai`s bankruptcy?

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    its because of fat people. thats the problem. lol, no seriously though. i think the US dollar will decrese in value and gas will go up.
    anyone else watching FOREX for this one?
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    Exclamation Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by WhoYoDaddy View Post
    Peanuts compared to the American economic bailout amount
    I dont agree with you man. If dubai world bankrupt, it will affect not only US but also south east asia countries. < Like Tsunami> Many businessman have invested heavily at dubai. And 80 Billion is just an estimated figures. It might be much MORE amount owe. Hopefully NOT like the lehman brother that worse situation...
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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by abhi987 View Post
    lol India is gaining power
    And this is in what way connected to Dubai's economic downfall?....

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    I hope and pray, for the sake of all expatriates working in the UAE (who have left their home countries for greener pastures), that things start to pick up.

    I don't think it's fair that we wish for a country to fail because we all are inevitably affected one way or another.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    That was a interesting video. Thanks for sharing it... For some reason I thought Dubai was like Time Square NY as far as being loaded with people.. guess not.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    I dont think US has much invested in Dubai. Dubai simply overbuilt itself and now is paying the price. UK has a lot of financial interest in Dubai and will suffer the most on the loss.

    Focus your energy on making money from the Internet, pay attention to the news, think of methods around them and some day you can be buying Dubai real estate at the bottomed out prices

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Don't worry - I'm sure Dubai will manage to get investers to give them a bailout

    As always, when money values are moving, some people are making money either way. Not to mention all thats going on thats not in the public spotlight.

    -Pineapple Express
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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by vegasvillan View Post
    Please show me a house in Summerlin for 15k lol maybe in North Town or on the East Side....Vegas has been coming out of the recession since we were the first one in it. City Center is done, Fountainblu is going to be finished but I know what you mean.....


    The only reason I hate Dubai so much is because my mother is part of a certain race of people (well shes 50%) thats not alowed to own a business in Dubai. Yet Dubai World is allowed to operate IN THE COUNTRY I LIVE IN! Not to mention they own part of City Center now.

    Even though I could give to shits about the environment I hope we all go green and we never use oil again.
    I could not agree with you more!!!!

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    The whole world is in deep shit...Let's see who's next in the queue.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    This is going to have ripples all the way around the world,just the same as bear stearns did.. They are trying hard to keep a lid on it, but i don't think that's going to happen for long. Oil is not sustainable, so neither will the wealth be.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    I can't wait for the next wave down for this global economic crisis. I have made some of the best money in the market because of it.

    The U.S will default on its debt repayments sometime in the future as well and I don't reckon China is the world's saviour. They won't even be able to help themselves but if they did, they would only save themselves and no one else.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by WhoYoDaddy View Post
    Peanuts compared to the American economic bailout amount
    80 billion seems like peanuts only because your comparing them like there the same thing. This is a construction company that needs more time for payments and believe me this is the first one to come out. In america it was banks gettting fucked cuz of homeowners debt. The difference is that in the states ppl will still live in there houses. In dubai all these properties are vacant because ppl bought them with 5% down at the begining to just flip. PPL were buying floors not just a couple condos at a time. The put 5-10% down and then after 6 months they pay another 5% for each phase of developement in the project. The problem is that everyone bought them to just flip the next day so they never worried about the %5 for each phase. Now when no ones buying you have loads of millionaires with 30 properties in there hand and no way to sell them and no cash to pay for the next phases. There is no hope there. They are going bankrupt and there stock market is gonna crash. There are loads of others that are trying to flee the country cuz theyll end up in bankrupcy jail. Also the government fines journalist $100,000 for negative news about dubais economy so you have to wonder what else lies here. This is the end of dubai unless a country like china steps in and takes over there 10 year oil supply in return which i think might happen. Such a shame though. I loved that place. I was gonna move and live there for a couple years.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    And it's not 'just' US$100,000 fines. It is 100,000 British pounds.

    It is a proposed law, not yet approved but already causing at least caution among journalists, when fines up to about 100,000 can be imposed for "carrying misleading news that harms the national economy of Dubai." It also includes fines of up to 1million for "insulting" members of the government and the ruling family.

    When there is something to hide, there are a lot to uncover.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Its gonna be bailed out by Abu Dahbi anyways.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    interesting i'll have a look into it more

  37. #35
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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by namso View Post
    Its gonna be bailed out by Abu Dahbi anyways.

    doesnt matter. they have an airport that is half done acres and acres and acres of property that is suppose to be developed and already sold with the 5% down. that place is a debt toliet right now and they dont have enough oil to get them out of it. It gonna be interesting to see how abu dahbi plays this out though. I have a feeling there gonna bluff in hopes of buying it down the road when both sides are desperate and then take over dubai. the are some 48 laws of power movements going on amongst the shiek emirate royal family

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by theadultsplayground View Post
    This is another problem with a fiat currency
    The only alternative to a fiat currency is a commodity based currency. That puts your economy in the hands of the producers and also natural disasters. If the San Francisco mint had been destoryed in the 1906 earthquake and fire, the US economy would have been plunged into a recession because of the loss of all that gold coinage.

    So if you base your currency on gold you put the world economy in the hands of South Africa and China. If you base it on oil OPEC has even more control than they do now. If you base it on silver, Peru and Mexico get to control the money supply.

    Fiat currency reminds me of that line about Democracy: It's the worst possible system except for all the other systems.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    hmmmm i think i can twist this method

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Well said.

    -SDT

    Quote Originally Posted by ArthurDent42 View Post
    Fiat currency reminds me of that line about Democracy: It's the worst possible system except for all the other systems.

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    Talking Re: Dubai's Fucked!!!! Make Money Off It

    Quote Originally Posted by inumel View Post
    hmmmm i think i can twist this method
    If dubai suddenly recover, then this twist, will twist you back.
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    Default Re: Dubai's Fucked!!!! Make Money Off It

    What this all boils down to is simple: People suck. Humans are NOT capable of living without a currency, even though it's possible. If people just worked together for a common goal, we could easily have food and shelter for everyone, and no one would be in debt to another.

    This, however, will never happen. People are greedy by nature.

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    Default Re: Dubai's Fucked!!!! Make Money Off It

    Interesting thread and video. I've been to Dubai twice this year and its still amazing what is being built in the middle of the desert there...


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