Quote:
Originally Posted by Dantheman62
I saw the fall of Dubai coming a year ago. It was overbuilt and using almost no solar power for long term electric use. It's like Las Vegas, a city built in the desert with no solar power and very little water to be self sustaining. Both places are mistakes and should've never been built, IMO
Dubai had the right idea by building something for the future after their oil reserves run out, but it was done too quick and with not enough thought about long term sustainability. I think Dubai and Las Vegas should be bulldozed!!
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Blessings Dantheman62,
I posted this as a reply to
piers2210 back in March of 2009,
Failure to save East Europe will lead to worldwide meltdown: http://projectavalon.net/forum/showt...t=11324&page=2 POST #40
I guess the bail outs aren't working anymore.
PaL
Quote:
Piers,
Apparently Dubai was already bankrupt last year along with Emirates Airline and Abu Dhabi bailed both out.
Dubai is Bankrupt & Emirates face disintegration!
February 1, 2009
Max Keiser talks with Stacy Herbert about the bailout of Dubai real estate and Emirates Airline disintegration
Video (1:28): http://www.youtube.com/watch?v=M4ij5...eature=related
Dubai crash is real ; stock exchange down 75%
February 24, 2009
'GLOBAL PONZI SCHEME'
Max Keiser talks with Stacy Herbert about the Dubai crash and bankruptcy recorded on February 8th 2009
Video (10:01): http://www.youtube.com/watch?v=zxfWF...eature=related
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