The fall of Dubai World! Commercial real estate is NEXT!

I betcha this is related, it's old news but gives Dubai port control:
"The £3.9bn ($6.8bn) sale of UK-based ports and shipping group P&O to Dubai Ports World (DPW) has raised security fears in the US.
In an effort to defuse the controversy surrounding the deal, DPW has now offered to "transfer" its US interests to a "United States entity".
The White House believes that offer should be enough to ease concerns of politicians trying to block United Arab Emirates-based DPW taking control over management at six key US ports.
Why is there such opposition to DPW taking control of the six ports?"
news.bbc.co.uk...

Also today Abu-dhabi have given Dubai 10 billion US dollars. And as usuall the value on the pound and Euro have gone up with this news.

news.bbc.co.uk...

Originally posted by Universal Light
There is something much bigger going on here. The middle class elites have been double crossed by the high elites. Some of them are pissed....really pissed. What do you think the Tiger Woods accident was really about?

Go to a God Like Place and search "Tiger Woods is being blackmailed."

The time to open your eyes is now. This one is a gem and is not a waste of your time. Promise.

Edit to add: It has everything to do with Dubai.
[edit on 28-11-2009 by Universal Light]

[edit on 28-11-2009 by Universal Light]

Thank you for posting about this. I followed your advice and checked out the thread and I think you might be on to something.

What's interesting about Dubai is that they don't have bankruptcy laws, if you can't pay, you go to prison.

I think a lot of 'new money' have been caught in this sandbox. Dubai was supposed to be the new financial capital of the world and many people were lured there by this idea.

There is much more to this story than meets the eye.

Dubai World, was just bailed-out by other deep-pockets Shieks

see:

Abu Dhabi gives Dubai $10 billion in surprise bailout - Yahoo

Mon Dec 14, 12:35 AM. Email Story; IM Story; Printable View ...
ca.news.finance.yahoo.com/.../finance-abu-dhabi-gives-dubai-10-billion-surprise-bailout.html

or do a search with: 'Dubai, bailout for 10billion'


ALSO: this crisis sorta puts a delay??
on the rollout of the GulfStates Gold Dinar that is/was expected in 2010,

Yes, they have been bailed out to the tune of 10 billion however, Dubai runs on PR. People are starting to take notice now and look behind the facade.

This article was written earlier this year. It mentions Tiger Woods and his golf course:

The very earth is trying to repel Dubai, to dry it up and blow it away. The new Tiger Woods Gold Course needs four million gallons of water to be pumped onto its grounds every day, or its grasses and sands simply shrivel and disappear on the winds. The city is washed over with dust-storms that fog up the skies and turn the skyline into a blur, and when the dust parts, sheer heat burns through. Anything that is not kept constantly and artificially wet or cold is cooked to a crisp.

This is the most water-stressed place on earth, according to the UN - yet it is littered with sprinklers, giant artificial ski-slopes frozen to create real snow, and tanks filled with dolphins. Dr Mohammed Raouf, the Environmental Director of the Gulf Research Centre, sits in his Dubai office and warns: "This is a desert area, and we are trying to defy its environment. It is very unwise. If you take on the desert, you will lose."

Sheikh Maktoum built his showcase city in a place with no useable water. None. There is no surface water, very little aquifer, and some of the lowest rainfall in the world. So Dubai drinks the sea. The Emirates' water is stripped of salt in vast desalination plants around the Gulf - making it the most expensive water on earth. It costs more than petrol to produce, and belches vast amounts of carbon dioxide into the atmosphere as it goes. It's the main reason why the residents of Dubai have the biggest average carbon footprint of any human being - more than double an American's.

If a depression bites deep, Dr Raouf bluntly says Dubai could run out of water. "At the moment, we have financial reserves that cover bringing so much water to the middle of the desert. But if we had lower revenues - if, say, the world shifts to another source of energy than oil..." he shakes his head. "We will have a very big problem. Water is the main source of life. It would be a catastrophe. Dubai only has enough water to last us a week. There's almost no storage. We don't know what will happen if our supplies falter. It would be hard to survive."

This is the most water-stressed place on earth, according to the UN - yet it is littered with sprinklers, giant artificial ski-slopes frozen to create real snow, and tanks filled with dolphins. Dr Mohammed Raouf, the Environmental Director of the Gulf Research Centre, sits in his Dubai office and warns: "This is a desert area, and we are trying to defy its environment. It is very unwise. If you take on the desert, you will lose."

Sheikh Maktoum built his showcase city in a place with no useable water. None. There is no surface water, very little aquifer, and some of the lowest rainfall in the world. So Dubai drinks the sea. The Emirates' water is stripped of salt in vast desalination plants around the Gulf - making it the most expensive water on earth. It costs more than petrol to produce, and belches vast amounts of carbon dioxide into the atmosphere as it goes. It's the main reason why the residents of Dubai have the biggest average carbon footprint of any human being - more than double an American's.

If a depression bites deep, Dr Raouf bluntly says Dubai could run out of water. "At the moment, we have financial reserves that cover bringing so much water to the middle of the desert. But if we had lower revenues - if, say, the world shifts to another source of energy than oil..." he shakes his head. "We will have a very big problem. Water is the main source of life. It would be a catastrophe. Dubai only has enough water to last us a week. There's almost no storage. We don't know what will happen if our supplies falter. It would be hard to survive."

It gets worse!

The water quality got worse and worse. The guests started to spot raw sewage, condoms, and used sanitary towels floating in the sea. So the hotel ordered its own water analyses from a professional company. "They told us it was full of fecal matter 'too numerous to count.' I had to start telling guests not to go in the water, and since they'd come on a beach holiday, as you can imagine, they were pretty pissed off." She began to make angry posts on the expat discussion forums - and people began to figure out what was happening. Dubai had expanded so fast its sewage treatment facilities couldn't keep up. The sewage disposal trucks had to queue for three or four days at the treatment plants - so instead, they were simply drilling open the manholes and dumping the untreated sewage down them, so it flowed straight to the sea.

www.huffingtonpost.com...

prety soon the UN will buy dubai and have total control over it. i think this is a big step with nwo