The Accurate Reloading Forums
Financial Crisis in Dubai?
29 November 2009, 01:21
RustyFinancial Crisis in Dubai?
Saeed,
What's the scoop on the so called debt problems in Dubai?
Rusty
We Band of Brothers!
DRSS, NRA & SCI Life Member
"I am rejoiced at my fate. Do not be uneasy about me, for I am with my friends."
----- David Crockett in his last letter (to his children), January 9th, 1836
"I will never forsake Texas and her cause. I am her son." ----- Jose Antonio Navarro, from Mexican Prison in 1841
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29 November 2009, 02:22
Larry SellersRusty, you are supposed to ask Walter the questions here.
Larry Sellers
SCI Life Member
quote:
Originally posted by Rusty:
Saeed,
What's the scoop on the so called debt problems in Dubai?
29 November 2009, 16:19
RustyThanks, Larry!
Rusty
We Band of Brothers!
DRSS, NRA & SCI Life Member
"I am rejoiced at my fate. Do not be uneasy about me, for I am with my friends."
----- David Crockett in his last letter (to his children), January 9th, 1836
"I will never forsake Texas and her cause. I am her son." ----- Jose Antonio Navarro, from Mexican Prison in 1841
"for I have sworn upon the altar of god eternal hostility against every form of tyranny over the mind of man." Thomas Jefferson
Declaration of Arbroath April 6, 1320-“. . .It is not for glory, nor riches, nor honours that we are fighting, but for freedom - for that alone, which no honest man gives up but with life itself.”
29 November 2009, 19:50
MFDI would venture a guess that CitiBank can best answer any questions regarding financial matters in that particualar kingdom as well as some other global financial groups. So far the question/answers given are not well received and expect Monday morning when the market opens, there will be some "long faces." Let's hope it does not bring about some more "bailouts" but that seems to be the current strategy of solving "non performing" financial matters. We non professionals call it bad debt.
29 November 2009, 21:17
yesmy friends
it is just a family business. our brothers in UAE borrowed a few hundred bilion USD from our dear cousins which it happened they own the banks(jews)in western countries.
and now it happened that they have spent all that money and can't pay it back
who is the looser?
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery.
29 November 2009, 22:14
Tailgunnerquote:
Originally posted by yes:
my friends
it is just a family business. our brothers in UAE borrowed a few hundred bilion USD from our dear cousins which it happened they own the banks(jews)in western countries.
and now it happened that they have spent all that money and can't pay it back
who is the looser?
Wait until they repossess the properties, and turn the Mosques into Temples, than you'll hear some wailing.
29 November 2009, 22:47
yesthey will take burdj al arab and finish it and rent it there is no mosque build by that money. it is called helping your family members
we are all member of same family what belong to us belong to them and what they have in banks belong to us
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery.
29 November 2009, 23:40
505 gibbsquote:
who is the looser?
I can promise you, It won't be the Jews.
30 November 2009, 06:41
yes505 gibbs
i know that . it was just a kidding. well if someone do not pay back then they confiscate the goods. but dubai is far from bankrupcy and all these things are just speculation. we hope all that everythings will become all right.
cheers
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery.
30 November 2009, 07:06
GatogordoVelly interlesting.....
I recall Saeed calling our politicians hypocrites on numerous occasions, correctly I might add. Given that Dubai won't allow foreigners to leave Dubai with any debts outstanding, I think it should only be fair that until all the money is repaid that ALL Dubai citizens, and ESPECIALLY members of the extended royal family should not be allowed to leave Dubai until the debts are paid in full. Otherwise the charge of hypocrisy would be well suited, would it not?
xxxxxxxxxx
When considering US based operations of guides/outfitters, check and see if they are NRA members. If not, why support someone who doesn't support us? Consider spending your money elsewhere.
NEVER, EVER book a hunt with BLAIR WORLDWIDE HUNTING or JEFF BLAIR.
I have come to understand that in hunting, the goal is not the goal but the process.
30 November 2009, 09:58
yesgatogordo
for the sure the royal family will not leave there. unlike western countries which you have a king and a few prince. allah has been merciful to us if we have one king then we have just a few hundreds prince and princess too
and great majority of population are royalties over there. the late Malek Faisal in saudi arbia had just left more than 300 prince and as much princess behind himself. now the royalities are a great share of population
it is called nobelisation of population
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery.
01 December 2009, 01:14
GatogordoYeah, and their word is no good too. Paraphrasing, "True, it is a state owned corporation, and the Monarchy is the state, but we're not going to be responsible for any debts, we just take profits, not losses."
That is complete BS
and they should foreclose on Dubai.
xxxxxxxxxx
When considering US based operations of guides/outfitters, check and see if they are NRA members. If not, why support someone who doesn't support us? Consider spending your money elsewhere.
NEVER, EVER book a hunt with BLAIR WORLDWIDE HUNTING or JEFF BLAIR.
I have come to understand that in hunting, the goal is not the goal but the process.
01 December 2009, 05:50
505 gibbsquote:
I think it should only be fair that until all the money is repaid that ALL Dubai citizens, and ESPECIALLY members of the extended royal family should not be allowed to leave Dubai until the debts are paid in full.
leave? I thought they were sending all of those expatriots that were unable to pay to prison. If that is the case, shouldn't the Dubainese be held to the same standard?
01 December 2009, 07:48
Gatogordoquote:
Originally posted by 505 gibbs:
quote:
I think it should only be fair that until all the money is repaid that ALL Dubai citizens, and ESPECIALLY members of the extended royal family should not be allowed to leave Dubai until the debts are paid in full.
leave? I thought they were sending all of those expatriots that were unable to pay to prison. If that is the case, shouldn't the Dubainese be held to the same standard?
Absolutely, my bad.
xxxxxxxxxx
When considering US based operations of guides/outfitters, check and see if they are NRA members. If not, why support someone who doesn't support us? Consider spending your money elsewhere.
NEVER, EVER book a hunt with BLAIR WORLDWIDE HUNTING or JEFF BLAIR.
I have come to understand that in hunting, the goal is not the goal but the process.
01 December 2009, 09:32
yesdear friends
dubai governement annonced that they will not cover the debts today , which means creditgivers may pary a long prayer to all mighty for the money
strangely my shares in sweden has dropped by nearly 6% in one week
and my dream of safari shall be postponed for another many years to come. until that i watch our brother Saeed's safari videos and enjoy
it is an arabic preverb saying :
WASF OL AYSH NESF OL AYSH which means watcing a joy is ½ of the joy. i am content with the ½ of safari joy by watching videos
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery.
01 December 2009, 12:09
Edmondquote:
Originally posted by 505 gibbs:
quote:
I think it should only be fair that until all the money is repaid that ALL Dubai citizens, and ESPECIALLY members of the extended royal family should not be allowed to leave Dubai until the debts are paid in full.
leave? I thought they were sending all of those expatriots that were unable to pay to prison. If that is the case, shouldn't the Dubainese be held to the same standard?
Expatriots, I love the word. Is that the word for US corporations that moved to Dubaï and employ expatriates?
By the way, interesting to note that the worst bonds were emitted by islamic banks, weren't they supposed to be more ethical than western banks?
01 December 2009, 17:50
GatogordoEdmond:
Anytime anyone tells you how god-fearing and honest they are, especially about business, you had better keep BOTH hands on your wallet, because he's out to screw you. This applies across religious lines, and Muslims will screw other Muslims just as quickly as Christians vs. Christians. Honor is a personal thing, not a gift from God. Either someone has it, or they don't. Most don't when it comes to money, and it is surprising to me how little money it takes for most people to lose their honor. Hope this is a good holiday season for you buddy. Best wishes.
xxxxxxxxxx
When considering US based operations of guides/outfitters, check and see if they are NRA members. If not, why support someone who doesn't support us? Consider spending your money elsewhere.
NEVER, EVER book a hunt with BLAIR WORLDWIDE HUNTING or JEFF BLAIR.
I have come to understand that in hunting, the goal is not the goal but the process.
01 December 2009, 20:00
yesmy friends
this world is run by greed and love of money. the word honor means not a dime to money lovers
no matter religion or race.
yes
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery.
02 December 2009, 01:34
505 gibbsquote:
and my dream of safari shall be postponed for another many years to come. until that i watch our brother Saeed's safari videos and enjoy
it is an arabic preverb saying :
WASF OL AYSH NESF OL AYSH which means watcing a joy is ½ of the joy. i am content with the ½ of safari joy by watching videos
You are a kinder man than I
02 December 2009, 01:35
505 gibbsquote:
Expatriots, I love the word. Is that the word for US corporations that moved to Dubaï and employ expatriates?
What? No comment on Dubainese?