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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?
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?
