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Dubai - A Greater Ponzi Scheme than Bernie Madoff?


RobbyG In my daily strive for the truth about money and gold, I happened to walk into this article that mentions the author undisclosed sources about Dubai being the mother of all ponzi schemes! Bernie Madoff and his 50 billion Ponzi game would dwarf compared to the size the Dubai real estate sector was leveraged. It mentions shortly the coming collapse of the Dubai 'subprime' debacle that is about to happen according to the author's sources. I've added the article on my Inveztor webpage. Source included by clicking on the article header. Scroll down to the mid if you don't want to read other analysis (not about Dubai) in the article. Cheers
Misery Called Life Hey Robby was reading about the Netherlands, you guys are doing really well......There was a list of unemployment figures across the EU and Britain, the highest figures in Europe was in Spain with 15% and UK with 18%. But the Netherlands unemployement is at 2.5%. Thats a brilliant statistic! I wanna come to Netherlands, to experiance the culture and all....... Misery Called Life And dude shed more light on your plans to start a publication on undervalued companies et all....... rudeboy
2.5% what is the population of netherlands? sage & onion
Mostly Dutch gtmash
I keep confusing the term "going Dutch" with "going commando." sage & onion I don't think I have heard that one! RobbyG Me neither, but I do know we got 16.5 million fellow Dutchmen and women around. @ MCL: As for my publication about undervalued Junior Oil/Gas/Mining companies, that is in the works, but it may take some time since I have alot of fact checking to do before I can publish it. Lot of work and also the issue needs a layout standardisation. I'm working on the latter right now. So like I said on my weblog, no deadlines yet. But do check regularly if you're interested. I need to get this puppy published in late 2009. Thats my target. It will cover the key elements of one junior 'crown jewel' company in every issue/publication, so that the investor is able to keep track of all information regarding the company. I hope to do a yearly update for every company afterwards. Well see. First things first. ;) sage & onion 16.5 million, that means at least 33million single clogs, that is beyond belief RobbyG
Are you making fun of my peepz here; ;)


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Bora Bora Hum, from a Ponzi scheme to clogs. Quite a leap. RobbyG Yeah you know Sage's optimism right! Unexplainable. He should read the Independant article in the General forum section. He might become a bit less positive of 'his country'. I'm wet from a compelling article. Didn't knew that was ever gonna happen. I feel for those people that construct the Ponzi building scheme. Those expat payroll should be rolling to those who have absolutely nothing. Not even a passport or return ticket home..... Where is the sanity in this!? Oh wait, ignorance is bliss... :x RedKite The Dutch , generally, are very good entrepreneurs. They set up the Dutch East India company centuries ago, trading with what is now Indonesia. They have a long history as international traders. NOW, they benefit from being at the centre of the European Union. Brussels in next door Belgium, is very close to the Netherlands. A brilliantly good domain is for marketing that country. The official Dutch tourism site is . Yet , only two provinces of the Netherlands are called Holland!! So has IMMENSE possibilities for marketing anything in the country !! The country benefits immensely from Europort at Rotterdam.....the MAIN PORT for the whole of EUROPE!! It is immense!! Netherlands also has very fine farmland, reclaimed from the sea centuries ago!! Market Gardening on rich alluvial soils is a HUGE industry. Seed potatoes ; fresh flowers ; tomatoes ; fruit and vegetables....all big industries!! They say that "God made the world, but the Dutch made Holland!!" Misery Called Life The Dustch East India Company and the English East India Company have defined the Asiia as we know it today. Misery Called Life
So did the Arabs :) xty
VOC. How could invaders who made the people suffer and stole all the resources (spices) called "good entrepreneurs"? 350+ years and left nothing ;)
It would be better to be colonized by the English back then. ;) rudeboy isnt holland under the sea level or something? so if there is a flooding all of it floods :S lol with the global warming going around and sea level rising i guess we can say good bye to holland in what 5 years? RobbyG
By selling a few pearls on a Desert Camel!?
Noo, it was the oil, that a few expats came to discover for the Arabs back in the days, that accumulated for centuries beneath the desert.
Arabs just spend it...be it wisely or not is up to us (you and me) to decide :lol: :lol: :lol: RobbyG
The VOC did actually gave them people something back in return for it. :lol: :lol:
You are clearly mistaken by the English. They took everything with US style IOU's.
No wonder the Kingdom collapsed 8)
RobbyG
We, the Dutch :wink: , instead of Banglaboys like MB, actually learned something from floods and have built these high Dikes to protect ourselves.
My City (My Life) lies about 1 to 5 meters below sealevel. And I'm within 10km from the sea.
You might wanna inform the Bangladeshies that we found ourselves a cure for the water, as long as you have entrepreneurs (for engineering and a proper GDP) who make sure there is tax money available to start/complete such a project.
Example: The Afsluitdike
And remember, was done in 1931 mostly by hand in 5 years time. Length through the sea: 30 kilometers, total length to shore: 32.5km. :wink:
If my recollection is firm: Longest man-made dike in the world today.



I would say, start digging in Bangladesh and get jiggy with it :wink: rudeboy give it a few years and i ll see what ur dykes doo :D then U get jiggy with it in the water. like a fish. jiggling jiggling :D RobbyG
You should read more about Dubai son.
In the time you give me, the desert has taken back his land over there and the sealevel rise will swallow all those Palms we Dutchies have dredged up from the Gulf.
Don't you think we will secure ourselves first before exporting an engineering order!?
You have 'the best of both worlds' coming for ya ;) Sea AND Desert.
Hold on puppyboy, those buildings erode faster than you ever imagined. The first thing though, that gonna hit you in the future is lack of drinking water. The costs of desalination will be so dramatically high, we have to import/export you a bottle or two. :lol: :lol: :lol:
And Im not kidding this time. 8) sage & onion
You obviously believe that it is only the Dutch that can dredge gtmash Dyke. Hehe. RobbyG
For this nationalistic rant I put on, do you mind Sage, that I take full use of the Van Oord and Boskalis Companies that have completed the Palms and such? Thank you 8)
By the way, do you know any dredgers that did work in the Gulf for Dubai? Cause I don't actually, looking a bit deeper than my nationalistic rants of today :lol: xty
At least they left the language (like India, Singapore, Malaysia, etc). Indonesians can't even understand Dutch ;) RobbyG
One of them treats we let them have. Learning one of the 'most difficult' languages in the world would scar them for life. ;) uaekid
according to one discovery channel report, your high Dikes was a waist of money and designed only on assumption just like the Italian ones !! you should know by now that you can not fight mother nature.
the only thing good about your beloved country is the new police law that allows sex in public gardens :lol: what are you guys doing there, isn't this an animal behavior :oops: rudeboy
u sure its not making luv in the shop in front of the shoppers :D RobbyG
After 1953 we don't think of building dikes as a waste of money;
If your interested, read/view this: http://people.zeelandnet.nl/voeveren/ gtmash Dykes. Hehehe. RobbyG
You like them female gays don't you!? Should I send you a package? Just ask.
Or are you still wrestling with the fact that a dike = a dyke, only difference being written in American english....?
8) Misery Called Life
We're all animals...It's called evolution for those who did'nt know. Contact Darwin for more info.
Netherlands is my true calling! I'm packing my bags as we speak.......... rudeboy
they making a dyke around their country to keep the poles, czechs etc etc out of the country. RobbyG
At least the Dutch give the Chechz and Polish people an even keel when applying for jobs in the Netherlands.
In the UAE we have to pass Emirati's in the 'VIP' line of applicants...
8)



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