The United Arab Emirate nation DuBai just took a major Thanksgiving turkey shit on the global economic market. The largest state owned business, DuBai World, is asking its creditors for a ‘timeout’ in order to restructure its multi-billion dollar debt repayment. They asked for a six month window. That’s two quarters in business parlance, a lifetime to regular people like us.
I’d love for CitiBank to give me a six month standstill on my mortgage agreement. I’d figure a way to pay them back even though I don’t produce gas like DuBai does. I mean, I produce gas, but just not the kind that anyone enjoys or can use. DuBai’s debt hiccup is prA’Li being fueled by the current low trading prices of crude oil. The United States wins when DuBai loses because international investors look to buy more dollars in an unstable marketplace.
The price of crude has fluxuated so much also because the United States, the world’s largest consumer for this shit has been showing signs of a downturn. For instance, I will be buying less gas in December while Chocolate Snowflake’s whip is in the shop. Although I might be ZipCar-ing around the town so that would negate my non-consumption, just my personal expense.
What does this debt repayment rollback mean for the rest of us here in the United States? It means that in the short-term our dollars are worth more than they were a day before. It doesn’t mean we have more buying power though which is the only thing that matters to most of us today I might imagine. I’d tell you to go out today and copp that 50″ plasma television anyhoo, but that is also why I am over $100K in debt (mortgage x defaulted car lease x credit cards).
My problem is that I don’t Dubai, I DO BUY and that is why my ass is broke. The sheikhs from DuBai are gonna have to curtail their spending as well. No more man-made tropical islands in the middle of the desert. No more towers taller than a kilometer.
Sheeeeit, no more silly tall hats and sexy white women.
The ways they were spending money were completely ridiculous. I don’t feel bad for them, as soon as oil demand picks up they’ll be building more giant sharp dildoes in the sky.
When you make mad niggerish investments (man made islands, ridiculous buildings, and live everyday like a cash money video…) how could you not raise an eyebrow when the world’s biggest consumer nation stops spending?
I’m not surprised they have a mountain of debt at all. If I was a wealthy fool running around Dubai, I would prA’li just return to my ways of wearing polo rugby’s, playing polo on my land, and pouring champagne on women.
That’s just ME though, on a typical Tuesday in the UAE.
Hindudes in tuxedos and top hats look stupid.
That last pic looks like a reggaeaton video shoot for a concept song.
But why is bleachy so damn bow-legged? Does she have the rickets?
With these cats having as much hair on their face as they do. . . what do the women of the Dubai royal family look like?
I suspect some solid gold Benzes & diamond encrusted Turban hangers will be popping up on e-bay soon.
That last pic looks like ‘Monopoly: The Domestic Threat’ edition.
idk about the other stuff but i would think creating land where there isn’t is a solid investment.
the white chick is bow legged hahhaha