Dubai World

[[THANATOS].Zer0-^GT]

The financial position of Dubai, one of the seven countries which make up the United Arab Emirates, has suffered a serious blow after the government-owned investment company Dubai World asked its creditors to postpone payment of 3.5 billion dollars in debts due next month. The company has some 60 billion dollars in debts.

Dubai's economy began to decline around a year ago. Property prices have plummeted and many investors have left the country. Although the country's debts are estimated at 80 billion dollars, some analysts say the figure could be twice the amount. Dubai gained fame for its huge property development projects for the extremely wealthy, such as the large palm islands built off the country's coast, indoor ski slopes and 800-metre skyscrapers.

The announcement of Dubai World's financial difficulties caused European banks to take their biggest fall in six months. The Royal Bank of Scotland and the Dutch bank ING both fell by more than 7 percent. However, ING argues that its investments in Dubai World are not significant.

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What a surprise.. Finnaly the shithole exploded. Or it's about to explode. Banks here in holland, some major investors for dubai are facing some SERIOUS cow shit now that theyve postpone theyre payements. My bank the ING, plays a big role aswell in this fairytale. Unbelievable how stupid people can be. How stupid banks can be. You dont have to be a rocket scientist to find out that Dubai is one big financial disaster. Billions and BILLIONS of dollars are put in to the projects there. Buildings pop up out of the ground like weed.

I've taken my money, heritage and everything else from that bank. Now that I know theyre a bunch of retards who only see EURO and DOLLAR signs infront of theyre big fat faces. Driving AMG'S and Porsches. Soon theyll need to sell them. The bank world is fucked up. Every bank is corrupt and foolish. If it isnt the council of the bank, then its the guy who's selling you mortgages.

Seems its safer these days to walk around with $$$$$$$ cash then having it at a bank.

[[THANATOS].-Hades]

^ Summarized Version: Banks are out to make a profit, despite the cost to the market and the smaller folk (kinda obvious btw but wtvr).


Fuck dubai.

[[THANATOS].Wolvie]

Thanks for the summarized version Hades; I wouldn’t have been able to determine all that by myself.

[[THANATOS].Teo]

well i cant say i read much about the place but i do recall a discussion on the islands here or somewhere else. Im pretty sure those islands cost more per year to maintain then they do to purchase. if an earth quake hits after they finish that shit and have semi heavy houses on them they will sink into the ocean due to liquifaction. thank god JT is holding down the larger part of north America, i trust him to keep it safe.


I hope Panzer is ok<br /><br />-- Fri Nov 27, 2009 3:10 pm --<br /><br />also at

Soon theyll need to sell them. -- false, those cars dont even tickle their money sacks

The bank world is fucked up. -- Not true, My banks small enough (4 in total) and they dont deal much with mortgages, again cuz 4 towns of about 4k people doesnt = much money

If it isnt the council of the bank, then its the guy who's selling you mortgages. -- i mean steve's an alright guy.

[[THANATOS].-Hades]

I understood 80% of that ^.

irrelevant Edit: Steam is apparently doing a 5 day long sale with daily deals. L4D2 is $37.49 if anyone was looking into buying it.

[[THANATOS].Teo]

[THANATOS Wrote:.-Hades"]I understood 80% of that ^.

irrelevant Edit: Steam is apparently doing a 5 day long sale with daily deals. L4D2 is $37.49 if anyone was looking into buying it.

just ranting