Tag Archives: abu dhabi

Plot to Overthrow Ruler of Ras al-Khaimah

Stacy Summary:  Bizarre story.  Ras al-Khaimah overlooks the Straits of Hormuz and is major oil producer.  Abu Dhabi, of course, has the world’s largest sovereign wealth fund.  The Emirate is crawling with American lobbyists, ‘lobbyists’ and other ‘private equity’ sort of guys, while the Brits had to settle for control of Dubai.  Interesting cast of characters here with the same old story (if slightly more bizarre and exaggerated in their claims) they always sell the media on these sort of coups (connected to terrorism if they are Muslim; Marxist dictators if they are Latin American)  . . .  Main players in this coup

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[1117] The Truth About Markets – 27 March 2010

Stacy Summary:   Real debts, virtual currencies, IMF gold, Abu Dhabi sovereign wealth fund, political betting markets, Tories.

For more download & listening options, visit Archive dot org

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Greece defies Europe, Abu Dhabi may demand more power

Stacy Summary:  In Dublin.  Wow.  Things are pretty bleak here.  Protests against wage cuts.  Our taxi driver told us he is lucky to get two fares per day.

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Tony Blair’s sycophancy and Abu Dhabi’s hand outs

Stacy Summary:   Dubai got its bailout and Blair got his war.  Good morning y’all!

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[Video] Max Keiser on Dubai, Peak Oil & Second Phase of Global Debt Crisis

Stacy Summary:  Max just on the news just a few minutes ago to talk about Dubai, the debt crisis and the truth telling by markets.

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‘Free market’ speculators fear Abu Dhabi Dubai won’t bail them out 100 cents on dollar! Markets tumble!!

Stacy Summary:   As the Oracle predicted a year ago, Dubai will no longer exist as an independent state very soon.  And Abu Dhabi is not going to bail them out, they are going to buy them.  And, unlike in the US, UK, Ireland, etc., where bankers have Manchurian politicians to bail them out 100 cents on the dollar if markets retreat by even 5%, well, I doubt the royal family of Abu Dhabi is going to be handing out any of the $33 trillion in wealth to some dead beat bankers.

Lloyds on Dubai

And, here is the Oracle predicting today’s disaster:

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Marching blondes, a spurned comedian and property booms and busts

Stacy Summary: Losing one’s fifteen minutes of fame seems to be a tough thing this week.  And THE blonde parade happened yesterday (image below).  Any coincidence that the headlines today, however, are that property prices declined in Latvia by more than anywhere else in the world?  An astonishing 30 percent in the first quarter.  Considering that Latvians just took a 15 pc pay cut as part of the IMF bailout conditions, it makes sense.  I wonder how much of that has been lost by British property speculators?   And, how long before Australia’s market is allowed to be free to follow the laws of economic physics?

blondes

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