Dubai ... Financial problems? - GoFuckYourself.com

L-Pink · 11-26-2009, 01:55 PM

DUBAI, United Arab Emirates ? Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that it's asking for a six-month reprieve on paying its bills ? causing a drop on world markets Thursday

http://news.yahoo.com/s/ap/20091126/...esperate_times

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CyberHustler · 11-26-2009, 01:58 PM

EscortBiz · 11-26-2009, 02:06 PM

so all of a sudden lines that people would use to portray themselves as millionaires dont sound right as the industries are shit now for most

Im in the real estate business
Im in finance
I work on wall street
I work for a hedge fund
I manage a hedge fund
I travel to dubai for business
Exec. At a bank
Own a chain of retail stores
Own paysites

Saying "im a plumber" all of a sudden sounds pretty good

L-Pink · 11-26-2009, 04:48 PM

"In total, the state-backed networks nicknamed Dubai Inc. are $80 billion in the red and the emirate needed a bailout earlier this year from its oil-rich neighbor Abu Dhabi, the capital of the United Arab Emirates"

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Jman · 11-26-2009, 07:34 PM

Yup and everyone who sold the project is now retired and laughing out loud

Vendot · 11-27-2009, 12:45 AM

Well theyre coming forward only now so who else has yet to come forward from other regions with massive default?

fatfoo · 11-27-2009, 01:02 AM

Six months - yeah, that's serious.

Ace_luffy · 11-27-2009, 03:26 AM

so sad , not good news

Agent 488 · 11-27-2009, 03:30 AM

i saw people eating at an olive garden and a job sign up at the 7-11 things are ok with the economy.

okny · 11-27-2009, 03:49 AM

There will a lot of problems from this madoff part 2.

Matyko · 11-27-2009, 05:41 AM

at least or god damn national currency started its way in the proper direction: Down The Toilet!

L-Pink · 11-27-2009, 07:25 AM

Let's see what the news does to stocks today.

.

kowalsky · 11-27-2009, 07:27 AM

Poor country, I am so sad... Will they ask money to Africa?

L-Pink · 11-27-2009, 07:39 AM

Quote:

Originally Posted by L-Pink

Let's see what the news does to stocks today.

.

Ouch, Dow down 2 at the opening ...

.

Dirty Dane · 11-27-2009, 07:46 AM

Doesn't look good.

Pleasurepays · 11-27-2009, 07:52 AM

Any setback they have due to the global economy is only going to be temporary... prices will drop again on all the shit they're building, many projects will go into bankruptcy and be taken over by others... investors will swoop in and start buying it all back up cheaper and so on and so forth.

its not like its a country that just relies on widget manufacturing and global demand for widgets is down and unlikely to recover in the next decade.

cykoe6 · 11-27-2009, 08:07 AM

Fuck Dubai........ it could not happen to a nicer bunch of people.

woj · 11-27-2009, 09:23 AM

They'll be fine, it's the investors that will get screwed...

TisMe · 11-27-2009, 09:27 AM

Dubai was built on debt as they have no oil and only a small amount of natural gas. UAE will have to cover them and is more than able to. Total debt for Dubai is around 80 billion, UAE has over 600 billion in just one of their general funds.

UAE will buy them out at a discount or prop them up til they can recover.

EscortBiz · 11-27-2009, 09:32 AM

whats 80 billion lol sounds so small compared to the other dollar amounts in the news

slapass · 11-27-2009, 09:40 AM

I knew some people who worked there. The standard comment was, "Dubai is amazing. You have to see it. But once I make a killing there, I am so gone." Maybe it will be a long term thing but most of us don't really want to go to the desert and party in a Muslim country. And almost no one would want to live there.

cwd · 11-27-2009, 10:31 AM

Quote:

Originally Posted by TisMe

UAE will buy them out at a discount or prop them up til they can recover.

In times of economic depression, wealth does not disappear...it is transfered.

slayer69 · 11-27-2009, 10:45 AM

I suggest they try and gamble their way out of debit. Put it all on red.

Overload · 11-27-2009, 01:28 PM

i think those peeps are fucking idiots ... in their hot climate area, they cud have solar power plants to run saltwater demineralizing plants to water greenhouse veggies/fruits and prolly bring in 3 harvests a year ... exporting food cud make them green aplenty ... besides, they cud sell water and energy to other countries or use the solar power to produce hydrogen to fuel engines ... those shortsighted bummy asses simply have no innovative ideas how to use their resources lol

sex69 · 11-27-2009, 02:15 PM

This news doesn't surprise anybody with the crisis in real estate business

11-26-2009, 01:55 PM	#1
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Dubai ... Financial problems? DUBAI, United Arab Emirates ? Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that it's asking for a six-month reprieve on paying its bills ? causing a drop on world markets Thursday http://news.yahoo.com/s/ap/20091126/...esperate_times .

11-26-2009, 02:06 PM	#3
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	so all of a sudden lines that people would use to portray themselves as millionaires dont sound right as the industries are shit now for most Im in the real estate business Im in finance I work on wall street I work for a hedge fund I manage a hedge fund I travel to dubai for business Exec. At a bank Own a chain of retail stores Own paysites Saying "im a plumber" all of a sudden sounds pretty good __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

11-26-2009, 07:34 PM	#5
Jman Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Location: Canuckstikan Posts: 22,734	Yup and everyone who sold the project is now retired and laughing out loud __________________ email: [email protected] Best AI Affiliate Program We also do WL at $0.00 upfront costs Teams: jean.francois.laverdiere TG: @jman1216

11-27-2009, 01:02 AM	#7
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	Six months - yeah, that's serious. __________________ Send me an email: [email protected]

11-27-2009, 03:26 AM	#8
Ace_luffy www.creationcrew.com Industry Role: Join Date: Feb 2005 Location: CREATIONCREW.COM CREATIONCREW.COM CREATIONCREW.COM CREATIONCREW.COM CREATIONCREW.COM CREATIONCREW.COM Posts: 12,105	so sad , not good news __________________ ++ Adult and Mainstream Websites Designs \| 10 banners for only $50 \| html5 Banners ++ email : [email protected] Telegram : https://t.me/creationcrew \| HTML5/Responsive Site - Div/CSS - ElevatedX - NATs - Wordpress

11-26-2009, 01:58 PM	#2
CyberHustler So Fucking Banned Industry Role: Join Date: Feb 2006 Posts: 26,062

11-26-2009, 04:48 PM	#4
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	"In total, the state-backed networks nicknamed Dubai Inc. are $80 billion in the red and the emirate needed a bailout earlier this year from its oil-rich neighbor Abu Dhabi, the capital of the United Arab Emirates" .

11-27-2009, 12:45 AM	#6
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Well theyre coming forward only now so who else has yet to come forward from other regions with massive default?

11-27-2009, 03:30 AM	#9
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	i saw people eating at an olive garden and a job sign up at the 7-11 things are ok with the economy.

11-27-2009, 03:49 AM	#10
okny Confirmed User Join Date: Aug 2002 Location: The Vault Posts: 5,761	There will a lot of problems from this madoff part 2. __________________ Aim: okny Icq: 306232 Skype: OlegKrasBT

11-27-2009, 05:41 AM	#11
Matyko PsyHead Industry Role: Join Date: Aug 2005 Location: Hungary Posts: 8,669	at least or god damn national currency started its way in the proper direction: Down The Toilet! __________________ -=- Register with our ref link and we help you with the setup! -=- AdSpyglass.com - Double your profit from brokers

11-27-2009, 07:25 AM	#12
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Let's see what the news does to stocks today. .

11-27-2009, 07:27 AM	#13
kowalsky Confirmed User Join Date: Oct 2003 Posts: 2,494	Poor country, I am so sad... Will they ask money to Africa? __________________ Jimmy Kowalsky www.catchycash.com [email protected] ICQ - 7319094

11-27-2009, 07:46 AM	#15
Dirty Dane Sick Fuck Industry Role: Join Date: Feb 2004 Location: www Posts: 9,491	Doesn't look good.

11-27-2009, 07:52 AM	#16
Pleasurepays BANNED - SUPPORTING TUBES Join Date: Aug 2002 Location: I live in a pile of boogers Posts: 11,913	Any setback they have due to the global economy is only going to be temporary... prices will drop again on all the shit they're building, many projects will go into bankruptcy and be taken over by others... investors will swoop in and start buying it all back up cheaper and so on and so forth. its not like its a country that just relies on widget manufacturing and global demand for widgets is down and unlikely to recover in the next decade.

11-27-2009, 08:07 AM	#17
cykoe6 Confirmed User Industry Role: Join Date: Apr 2005 Location: Vegas Posts: 4,499	Fuck Dubai........ it could not happen to a nicer bunch of people. __________________ бабки, шлюхи, сила

11-27-2009, 09:23 AM	#18
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	They'll be fine, it's the investors that will get screwed... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

11-27-2009, 09:27 AM	#19
TisMe Confirmed User Join Date: Aug 2008 Posts: 1,719	Dubai was built on debt as they have no oil and only a small amount of natural gas. UAE will have to cover them and is more than able to. Total debt for Dubai is around 80 billion, UAE has over 600 billion in just one of their general funds. UAE will buy them out at a discount or prop them up til they can recover.

11-27-2009, 09:32 AM	#20
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	whats 80 billion lol sounds so small compared to the other dollar amounts in the news __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

11-27-2009, 09:40 AM	#21
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	I knew some people who worked there. The standard comment was, "Dubai is amazing. You have to see it. But once I make a killing there, I am so gone." Maybe it will be a long term thing but most of us don't really want to go to the desert and party in a Muslim country. And almost no one would want to live there.

11-27-2009, 10:45 AM	#23
slayer69 Confirmed User Join Date: Oct 2008 Posts: 626	I suggest they try and gamble their way out of debit. Put it all on red.

11-27-2009, 01:28 PM	#24
Overload Confirmed User Industry Role: Join Date: Jul 2005 Location: Beck's City, North Teutonia Posts: 3,185	i think those peeps are fucking idiots ... in their hot climate area, they cud have solar power plants to run saltwater demineralizing plants to water greenhouse veggies/fruits and prolly bring in 3 harvests a year ... exporting food cud make them green aplenty ... besides, they cud sell water and energy to other countries or use the solar power to produce hydrogen to fuel engines ... those shortsighted bummy asses simply have no innovative ideas how to use their resources lol __________________ There aren't enough faces and palms on this planet for an appropriate reaction to religion.

11-27-2009, 02:15 PM	#25
sex69 Confirmed User Join Date: Feb 2004 Posts: 671	This news doesn't surprise anybody with the crisis in real estate business __________________ HotNiches.com-Add Site Porn Sites- Submit For Adult Sites-Add URL Adult Webcams Sex Webcams Erotic Search Reality Sex Sex Videos