Dubai to start stage 2 of the depression?

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Dubai to start stage 2 of the depression?

Postby Pixel8r » Tue Dec 08, 2009 8:54 pm

Long interesting report by Nick Guarino about the Dubai situation, with loads of facts and pictures. I think he is totally wrong about gold being in a bubble though, but still an interesting read.

Dubai (aka Debt-Bai) real estate wipeout kicks off Stage 2 of the global depression

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"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: Dubai to start stage 2 of the depression?

Postby d2thdr » Wed Dec 09, 2009 12:12 pm

As a foot note oil will go to under $10.00 a barrel and the vast majority of Arab oil will stay in the ground because their will be no buyers for their oil. Remember you heard it here first.


I wonder I will ever see this in my lifetime. And I am still 30.
In the world today there are only three assets, gold, oil and currencies. The paper currencies, so long admired and accepted are now in a war of self destruction. They will consume each other in an end battle of "I'm the last man standing but have lost all use as a unit of value".
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