Keiser on 'Tsunami alert': Dubai debt crisis awakes storm?

Fresh fears over the size of Dubai's debt have sent shock waves through international markets, with major stocks and oil prices falling sharply. Dubai World, the country's largest conglomerate, wants to suspend payment on its sixty billion dollar debts until next May at the earliest. RT's financial contributor Max Keiser says the World is entering the Phase Two of the global economic crisis.

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News & Politics

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• Max Keiser
• Keiser on Dubai
• Keiser report
• Dubai debt crisis
• second wave crisis
• markets slump
• market jitters
• financial turmoil back
• RT
• Wall Street
• dollar death
• dollar demise

[Rythmboy]

looking at all those skyscrapers being built I have to ask myself if anybody actually occupies them. There's nothing backing dubai's economy except for tourism. In my opinion, that place is a big house of cards that's about to fall down.

[clock2012]

Richest people ran out money?!?!? lol

[WeEatBrainz]

I feel like some people in dubai sees skyscrapers as a sign of success. "Who cares if we can pay for it!!! WE NEED MOAR SKYSCRAPERS LAD!

[toplinecruiser]

check ur pockets b4 going to buy anything n dnt use credit cards and loans to purchase

[crumcon]

wow he predicted Greece fall way back in 2009!!! max is great

[mohdfigo]

@Rythmboy Dont forget oil. But yeah thats basically it hahahaha

[racefactory900]

@gandaav4 So true

[TheTheman45]

when the bare footed bedouins compete. good for them

[editorlarry]

@MoJo19300 bend over sweetheart......