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

Discussion in 'Making Money' started by zenerchi, Nov 27, 2009.

  1. zenerchi

    zenerchi Regular Member

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    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.
    [​IMG]
     
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  2. Viciousfish

    Viciousfish Regular Member

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    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.
     
  3. vegasvillan

    vegasvillan Regular Member

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    I love it!!!!

    Fuck Dubai
     
  4. Piree

    Piree Junior Member

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    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.
    Posted via Mobile Device
     
  5. theadultsplayground

    theadultsplayground BANNED BANNED

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    This is another problem with a fiat currency
     
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  6. niche1

    niche1 Jr. VIP Jr. VIP Premium Member

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    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.....
     
  7. grodt

    grodt Newbie

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    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
     
  8. lozzzer

    lozzzer Regular Member

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  9. shocinvibes

    shocinvibes Junior Member

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

    xenoz Regular Member

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    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...
     
  11. TrickaC14

    TrickaC14 Registered Member

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    Nice site, how much traffic are you getting?
     
  12. vegasvillan

    vegasvillan Regular Member

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    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.
     
  13. zone69

    zone69 Junior Member

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    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!
     
  14. Meraman

    Meraman Junior Member

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    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.
     
  15. simpleguy

    simpleguy BANNED BANNED

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    Surprising that Dubai world debts about 80 billion dollars...Just saw the news...
     
  16. WhoYoDaddy

    WhoYoDaddy Registered Member

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    Peanuts compared to the American economic bailout amount ;)
     
  17. abhi987

    abhi987 Registered Member

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    lol India is gaining power
     
  18. proscale

    proscale Regular Member

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    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
     
  19. hamada_masrawy

    hamada_masrawy Newbie

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

    CyrusVirus BANNED BANNED Premium Member

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    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?