Thread: From November 27th 2009

Something like this could do it. Dubai is belly up.
Link

WSJ

Euronews

Dubai - Wikipedia

World markets are in a panic this morning. Freewheeling Dubai is broke and asking creditors for a six month holiday from making any payments.

A LOT of big money investors have poured money into Dubai. Dubai is the #1 world trading center for gold.

This is going to send ripples all over the world in financial circles. Lenders have their necks out a mile on this.

If not this, what's next? What if the next unexpected news is that some of the States in the US announce that they can't and won't repay their impossible debts? CommieFornia? MESSachusetts?

What if it's the US itself?

Wasn't this a post by Noiseycow?
Just 629 days ago, and now the ME is on the verge of a REAL WAR, perhaps with Pakistan tossing nukes towards Israel. Amazing what O Bummer has accomplished!
I gotta ask myself if Husien gets wood thinking of the Caliphate