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Getbig Main Boards => Gossip & Opinions => Topic started by: Vince G, CSN MFT on November 27, 2009, 04:39:37 AM

Title: Dubai is in serious financial trouble!!!
Post by: Vince G, CSN MFT on November 27, 2009, 04:39:37 AM
 ;D

http://www.foxnews.com/story/0,2933,577165,00.html
Title: Re: Dubai is in serious financial trouble!!!
Post by: lax on November 27, 2009, 04:48:34 AM
60 billion ain't really much in the world scheme of things, Vince
Title: Re: Dubai is in serious financial trouble!!!
Post by: kmhphoto on November 27, 2009, 05:18:27 AM
http://www.brillig.com/debt_clock

Title: Re: Dubai is in serious financial trouble!!!
Post by: tendonitis on November 27, 2009, 05:23:32 AM
MattT won't recover
Title: Re: Dubai is in serious financial trouble!!!
Post by: Game Time on November 27, 2009, 06:20:41 AM
Well the states is not any better off lol. Lets see how foxnews downplays that story
Title: Re: Dubai is in serious financial trouble!!!
Post by: pedro01 on November 27, 2009, 06:25:59 AM
and here we where - thinking it was all being paid for in oil dollars - duh !
Title: Re: Dubai is in serious financial trouble!!!
Post by: Mars on November 27, 2009, 06:26:43 AM
religion of peace ::)
Title: Re: Dubai is in serious financial trouble!!!
Post by: pedro01 on November 27, 2009, 07:05:18 AM
religion of peace ::)

Statement of ignorance.  ::)

Perhaps learn a little more about the Dubai before you jump on your Islamic Bandwaggon. ;)
Title: Re: Dubai is in serious financial trouble!!!
Post by: Mars on November 27, 2009, 07:08:00 AM
ok "pedro 01" hahahahahahaaha
Title: Re: Dubai is in serious financial trouble!!!
Post by: 240 is Back on November 27, 2009, 07:13:24 AM
in Dubai, India, street lights are replaced with fluorescent muscle ladies.
Title: Re: Dubai is in serious financial trouble!!!
Post by: titusisback on November 27, 2009, 07:22:30 AM
As stated above, 60 billion is not really that much money for a country as huge as India
Title: Re: Dubai is in serious financial trouble!!!
Post by: ManBearPig... on November 27, 2009, 07:27:43 AM
from what i heard, most of that money's owed to europe.

man, whoever went out there to the middle of the desert and told them building billion dollar hotels for tourists who can't wear anything but burkas was a good idea should get a medal.
Title: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: G o a t b o y on November 27, 2009, 11:08:29 AM
http://news.yahoo.com/s/ap/20091127/ap_on_bi_ge/dubai_debt_fallout


 :D
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: Mr Nobody on November 27, 2009, 11:14:26 AM
http://news.yahoo.com/s/ap/20091127/ap_on_bi_ge/dubai_debt_fallout


 :D
What will Swampi do now?
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: gordiano on November 27, 2009, 01:03:58 PM
Just go off the phone with Matt T. Between grunts, he assured me everything will be alright.
Title: Re: Dubai is in serious financial trouble!!!
Post by: pedro01 on November 27, 2009, 04:25:58 PM
As stated above, 60 billion is not really that much money for a country as huge as India

Not sure what India has to do with Dubai as it is not in India.

Dubai is officially a muslim country but is quite cosmopolitan. Other religions are allowed there. You can drink alcohol, women can wear bikinis on the beach, women go out to discos in mini-skirts.

OK - so you can get arrested for drinking orange juice in public - but that's reasonable, isn;t it ?
Title: Re: Dubai is in serious financial trouble!!!
Post by: KevinP85 on November 27, 2009, 04:52:47 PM
Not sure what India has to do with Dubai as it is not in India.

Dubai is officially a muslim country but is quite cosmopolitan. Other religions are allowed there. You can drink alcohol, women can wear bikinis on the beach, women go out to discos in mini-skirts.

OK - so you can get arrested for drinking orange juice in public - but that's reasonable, isn;t it ?


You're new here, aren't you? Let me help you, Dubai, India ;)
Title: Re: Dubai is in serious financial trouble!!!
Post by: Lurker79 on November 27, 2009, 05:02:49 PM

You're new heard, aren't you? Let me help you, Dubai, India ;)

 ;D
Title: Re: Dubai is in serious financial trouble!!!
Post by: calfzilla on November 27, 2009, 05:36:33 PM
The great people of India will overcome this. 
Title: Re: Dubai is in serious financial trouble!!!
Post by: io856 on November 27, 2009, 05:54:17 PM
mumbai, india
Title: Re: Dubai is in serious financial trouble!!!
Post by: musclecenter on November 27, 2009, 05:59:40 PM
So ABBF's WBPSF(Dubai, UAE) still can held Men's World Champs next year?
Title: Re: Dubai is in serious financial trouble!!!
Post by: pedro01 on November 27, 2009, 07:20:57 PM

You're new here, aren't you? Let me help you, Dubai, India ;)

LOL ! OK - I stand corrected...
Title: Re: Dubai is in serious financial trouble!!!
Post by: Marlo Stanfield on November 27, 2009, 07:25:28 PM
Not sure what India has to do with Dubai as it is not in India.

Dubai is officially a muslim country but is quite cosmopolitan. Other religions are allowed there. You can drink alcohol, women can wear bikinis on the beach, women go out to discos in mini-skirts.

OK - so you can get arrested for drinking orange juice in public - but that's reasonable, isn;t it ?
really dawg? you had to ruin the joke didnt u?
Title: Re: Dubai is in serious financial trouble!!!
Post by: 2Thick on November 27, 2009, 07:32:33 PM
mumbai, india

The same thought crossed my mind. Since Dubai, India is in trouble, I was thinking that all the foreign business interests in Dubai (including Matt T's and my own as well) should move our operations over to Dubai's twin city of Mumbai, India. I suppose the saying that "great minds think alike" has some truth to it.
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: G o a t b o y on November 27, 2009, 08:25:03 PM
I suspect that the global warming concern is being used to rein in the flow of petro currency into the middle east...


Dubai borrowed like there's no tomorrow to finance their grandiose construction-spree on the assumption that their oil revenues would never decline, only increase.  Banks were more than willing to lend to them on the same premise.  No one counted on the worst worldwide recession since the great depression siginficantly cutting demand for oil.  Now they can't pay their bills and they're fucked.  Sure it's temporary, but with the new alternative-fuel vehicles hitting the streets in a few years, their long-term future doesn't look bright.   They may all have to go back to fuccking camels and praising their pedophile prophet!
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: polychronopolous on November 27, 2009, 08:26:29 PM
Just go off the phone with Matt T. Between "schmoe squats", he assured me everything will be alright.

Fixed.
Title: Re: Dubai is in serious financial trouble!!!
Post by: MuscleMcMannus on November 27, 2009, 08:27:45 PM
from what i heard, most of that money's owed to europe.

man, whoever went out there to the middle of the desert and told them building billion dollar hotels for tourists who can't wear anything but burkas was a good idea should get a medal.

No it's not owed to Europe it's owed to banks that were nationalized this past year England.  The English people are on the line for most of the money that has been lent to Dubai.  This was in the news today.  Citigroup is only on the hook for around $8 billion officially but I'm sure it's MUCH MUCH MORE. 
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: gordiano on November 27, 2009, 08:31:17 PM
Fixed.

LOL




(http://www.getbig.com/boards/index.php?action=dlattach;topic=302988.0;attach=344432;image)
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: ToxicAvenger on November 27, 2009, 08:53:35 PM

 but with the new alternative-fuel vehicles hitting the streets in a few years,

i dont see THAT happening...

now you r starting to sound like a damn liberal  >:(
Title: Re: Dubai is in serious financial trouble!!!
Post by: TRIX on November 27, 2009, 09:03:41 PM
lol at a country basing it's entire economy on tourism, so when its oil runs out they'll have something. No alcohol, strict rules, desert, heat. Doesnt seem like a great destination for a holiday.
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: polychronopolous on November 27, 2009, 09:06:35 PM
i dont see THAT happening...

now you r starting to sound like a damn liberal  >:(

I think Goatboy's assertion is that it will and should be the Free Market that brings these energy efficient vehicles to the road rather than harmful beaurocratic regulations forcing Car manufacturers to produce them.
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: Schmoe Buster on November 27, 2009, 09:09:33 PM
What will Swampi do now?

Swampi the cocksmiths Dubai schmoes wont be able to pay for his oil and thong rountines
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: Mr Nobody on November 27, 2009, 09:16:27 PM
Swampi the cocksmiths Dubai schmoes wont be able to pay for his oil and thong rountines
Damn he will have to move to an economy where schomes have cash like florida chicks home state
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: nicky.smth on November 27, 2009, 09:18:03 PM
sami is going to have to move to Abu Dhabi
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: Mr Nobody on November 27, 2009, 09:20:48 PM
sami is going to have to move to Abu Dhabi
Is there a big schome population there?
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: G o a t b o y on November 27, 2009, 09:24:13 PM
I think Goatboy's assertion is that it will and should be the Free Market that brings these energy efficient vehicles to the road rather than harmful beaurocratic regulations forcing Car manufacturers to produce them.

Bingo.   Tesla Roadster and whitestar, Chevy Volt, Toyota's plug-in Prius and others, BMW's hydrogen cars (a few years further down the road)... they're coming.  Everyone knows the oil dries up in 30 years or so, and it takes at least 15 to cycle old cars off the road, so do the math.
Title: Re: Dubai is in serious financial trouble!!!
Post by: MAXX on November 27, 2009, 09:26:48 PM
from what i heard, most of that money's owed to europe.

man, whoever went out there to the middle of the desert and told them building billion dollar hotels for tourists who can't wear anything but burkas was a good idea should get a medal.
+1

They invested all their oil money into a ghost city lol
Title: Re: Dubai is in serious financial trouble!!!
Post by: G o a t b o y on November 27, 2009, 09:28:51 PM
lol at a country basing it's entire economy on tourism, so when its oil runs out they'll have something. No alcohol, strict rules, desert, heat. Doesnt seem like a great destination for a holiday.



The only way that concept stood a chance is if they banned Islam.
Title: Re: Dubai is in serious financial trouble!!!
Post by: MAXX on November 27, 2009, 09:37:21 PM
lol at a country basing it's entire economy on tourism, so when its oil runs out they'll have something. No alcohol, strict rules, desert, heat. Doesnt seem like a great destination for a holiday.

I think they forgot to do market research  ;D

fact is majority of people going to foreign holidays are middle class. They don't want to waste all their money on expensive hotels and materialistic garbage. Besides upper class aswell as middle class probably rather go to Europe or USA due to having better culture (ie. Non Muslim countrys)
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: LatsMcGee on November 27, 2009, 11:41:04 PM
I hear Dubai is in such bad shape they are considering moving to the Emirates. 
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: TacoBell on November 27, 2009, 11:50:15 PM
I hear Dubai is in such bad shape they are considering moving to the Emirates. 

Nah MattT will invest further to keep it in India
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: JasonH on November 28, 2009, 02:23:39 AM
Is there a big schome population there?

Abu Dhabi is the richer Emirate than Dubai because they've got all the petrodollars - Dubai has to rely on tourism and real estate now because they've only got 15 years of oil reserves left apparently.
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: Tombo on November 28, 2009, 04:00:42 AM
"Dubai has expanded with ambitious, eye-catching projects"

just use the hurtful words you fukken muslim sympathizers

"dirty old oil sheiks stupid fucking ideas"
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: polychronopolous on November 28, 2009, 06:17:10 AM
Abu Dhabi is the richer Emirate than Dubai because they've got all the petrodollars - Dubai has to rely on tourism and real estate now because they've only got 15 years of oil reserves left apparently.

LOL...."tourism"......Who wants to go to that shithole?

What in the hell is so great about Dubai, India anyways?
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: ToxicAvenger on November 28, 2009, 06:27:50 AM
I think Goatboy's assertion is that it will and should be the Free Market that brings these energy efficient vehicles to the road rather than harmful beaurocratic regulations forcing Car manufacturers to produce them.

hopefully he meant that....

side note...goatie talking camel jockey trash always strikes me as ironic since he's married to 1  :-\
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: Mr Nobody on November 28, 2009, 06:38:05 AM
hopefully he meant that....

side note...goatie talking camel jockey trash always strikes me as ironic since he's married to 1  :-\
Cisco is down on 23.38, I hope they can hang on.
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: Alexander D on November 28, 2009, 06:44:26 AM
DUBAI INDIA
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: G o a t b o y on November 28, 2009, 10:47:08 AM
hopefully he meant that....

side note...goatie talking camel jockey trash always strikes me as ironic since he's married to 1  :-\


There's no irony here at all... my problem with "camel jockeys" isn't the people, it's the culture (and the religion that drives the culture).  My wife has no connection to that culture whatsoever.  She's an American who was born and raised in the US to a lily-white father and a mother who was born in Iran, but was raised in Europe and is Western in every respect.
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: dr.chimps on November 28, 2009, 10:53:29 AM

Dubai borrowed like there's no tomorrow to finance their grandiose construction-spree on the assumption that their oil revenues would never decline, only increase.  Banks were more than willing to lend to them on the same premise.  No one counted on the worst worldwide recession since the great depression siginficantly cutting demand for oil.  Now they can't pay their bills and they're fucked.  Sure it's temporary, but with the new alternative-fuel vehicles hitting the streets in a few years, their long-term future doesn't look bright.   They may all have to go back to fuccking camels and praising their pedophile prophet!
Um, no. They knew their oil resources were finite, so they tried to set themselves up as a global Mid-East tourism hub. Guess that's not going so well.   
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: G o a t b o y on November 28, 2009, 11:01:30 AM
Um, no. They knew their oil resources were finite, so they tried to set themselves up as a global Mid-East tourism hub. Guess that's not going so well.   


They knew their resources were finite in the long term, but they didn't expect revenues to crash in 2008/2009.  Neither did the banks.

Either way, they're fucked.
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: Magnus Greel on November 28, 2009, 11:03:29 AM
doesnt really matter if Dubai is "suffering" financially. Abu Dhabi has bailed Dubai out in the past and will do it again, they have best part of a $1000 billion in the bank so their not worried in the grand scheme of things.
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: jetpower on November 28, 2009, 02:31:25 PM
Bingo.   Tesla Roadster and whitestar, Chevy Volt, Toyota's plug-in Prius and others, BMW's hydrogen cars (a few years further down the road)... they're coming.  Everyone knows the oil dries up in 30 years or so, and it takes at least 15 to cycle old cars off the road, so do the math.
Funny (not haha, rather ironic) is these cars sometimes do more damage than their fossil fuel counterparts. Just more stupid people believing that the government knows best.




The Tesla is basically a government owned bailed out company the founder drove into the ground, scammed investors, and finally got some of the green+GM bailout cash. It's a perfect case of a POS guy being rewarded for being a POS. And the cars are still $100K+ -- it was supposed to be a commodity miracle car. So for them to sell at a reasonable price, they sell at a loss - now subsidized by the tax payer. Yey.




The Prius, Volt, Tesla, etc. are known to have a bigger environmental impact than the full life cycle of a Hummer due to the batteries monster environmental destruction once they die and have to be replaced.




The corn cars are impacting countries like Mexico. Just the other day I was talking to a friend from Mexico who was telling me basic things like "corn" tortillas aren't really corn anymore (mostly fillers) because corn is now so expensive they can't afford the real thing...due to ethanol.




We'll see about hydrogen cars. I like the idea but people w/o an understanding think Hindenburg. But in the ones I've read about, hydrogen is actually created on-the-fly and used immediately. Might not be the case in the BMW though -- I don't know.
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: G o a t b o y on November 28, 2009, 03:05:44 PM
Funny (not haha, rather ironic) is these cars sometimes do more damage than their fossil fuel counterparts. Just more stupid people believing that the government knows best.
The Prius, Volt, Tesla, etc. are known to have a bigger environmental impact than the full life cycle of a Hummer due to the batteries monster environmental destruction once they die and have to be replaced.



Who gives a fuck about the environment?  This is about freeing ourselves from an energy source that is not only going to run out in our lifetimes, but is currently controlled (largely) by one of the most backwards cultures on the planet.  If you wanna hug trees, go ahead...  all I want to have energy security.
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: Ex Coelis on November 28, 2009, 03:12:29 PM
fortunately, construction of LegoLand Dubai will procede as planned

http://parents.lego.com/en-gb/news/legoland%20dubai.aspx
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: G o a t b o y on November 28, 2009, 03:13:22 PM
doesnt really matter if Dubai is "suffering" financially. Abu Dhabi has bailed Dubai out in the past and will do it again, they have best part of a $1000 billion in the bank so their not worried in the grand scheme of things.


Why would Abu Dhabi bail out a city in India?  ;)
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: jetpower on November 28, 2009, 05:45:19 PM


Who gives a fuck about the environment?  This is about freeing ourselves from an energy source that is not only going to run out in our lifetimes, but is currently controlled (largely) by one of the most backwards cultures on the planet.  If you wanna hug trees, go ahead...  all I want to have energy security.
Everyone cares to some extent. Few care enough to sacrifice (much).

I was just calling out the irony/hypocrisy of the tree huggers. Al Gore's environmental footprint comes to mind. Another group are stupid hippies who don't realize that their daily farting is worse for the environment than their VW.

While respectable people (like Ed Begley Jr.) live what they preach.


And yes, I agree - I won't sacrifice my freedom for some polar bears or be feared into believing bullshit pseudo-science that a few elite want to use to bludgeon us into line - their line.

Speaking of pseudo-science/voodoo: anyone who looks up history during Carter will see that back then, they were spouting BS about how if we didn't stop screwing up the environment we'd trigger an ice age. And if we didn't stop having babies, the earth would run out of resources by the end of the century.

Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: ToxicAvenger on November 28, 2009, 06:42:40 PM
Cisco is down on 23.38, I hope they can hang on.

they hold over 90% market share....even if they dont..meh...
i also got my JNCIA/JNCIS (juniper CCNA and CCNP) :D

besides...most of this stuff is an open standard...ya basically do the same stuff...just different OSes


http://www.ietf.org/
Title: Re: Dubai, India going bankrupt, MattT may lose his "investment"...
Post by: ToxicAvenger on November 28, 2009, 06:44:18 PM
Bingo.   Tesla Roadster and whitestar, Chevy Volt, Toyota's plug-in Prius and others, BMW's hydrogen cars (a few years further down the road)... they're coming.  Everyone knows the oil dries up in 30 years or so, and it takes at least 15 to cycle old cars off the road, so do the math.

i HOPE it happens...i dont see it...i mean in the 3rd world you can NOW get cars converted to run of natty gas(way cheaper..just dont get into an accident)...hasn't caught on here

besides..the cars you mention are EXPENSIVE to mantain and buy
Title: Re: Dubai is in serious financial trouble!!!
Post by: BIG_STI on November 29, 2009, 07:07:54 AM
Poor Swampi the cocksmith
Title: Re: Dubai is in serious financial trouble!!!
Post by: Matterhorn on November 29, 2009, 12:26:19 PM
my sources tell me that ronnie coleman and shawn ray have now arrived in dubai, helping sheikh mohammed to get the economy back on track.

Title: Re: Dubai is in serious financial trouble!!!
Post by: FitnessFrenzy on November 29, 2009, 12:30:21 PM
my sources tell me that ronnie coleman and shawn ray have now arrived in dubai, helping sheikh mohammed to get the economy back on track.



Adding Outback Steakhouses, Bentley dealerships, Metroflex gym's and protein supplement stores might just bring Dubai's economy back on track  ;D
Title: Re: Dubai is in serious financial trouble!!!
Post by: pedro01 on November 29, 2009, 04:31:38 PM
lol at a country basing it's entire economy on tourism, so when its oil runs out they'll have something. No alcohol, strict rules, desert, heat. Doesnt seem like a great destination for a holiday.


Probably just as well you can drink alcohol there and it's on the coast then  ::)
Title: Re: Dubai is in serious financial trouble!!!
Post by: England_1 on November 29, 2009, 04:43:24 PM
Brutal GH hand  :o

(http://www.getbig.com/boards/index.php?action=dlattach;topic=308178.0;attach=348559;image)
Title: Re: Dubai is in serious financial trouble!!!
Post by: polychronopolous on November 29, 2009, 07:06:51 PM
Adding Outback Steakhouses, Bentley dealerships, Metroflex gym's and protein supplement stores might just bring Dubai's economy back on track  ;D

Terrible idea......Indians don't eat beef.
Title: Re: Dubai is in serious financial trouble!!!
Post by: G o a t b o y on December 01, 2009, 10:54:31 PM
*bump*  for MattT, Will Harris, and Swampi the Cocksmith!