Economic Crisis hits Dubai

I got the chance to visit Dubai, and see all that is going on.
http://www.youtube.com/watch?v=wWMtQxos5BQ&NR=1
I found it interesting to see the place after hearing Mark Thorntons essay on tall buildings and bust cycles.


This video is about peak oil, the credit crisis, dubai.

Category:

Education

Tags:

• credit crisis
• dubai
• peak oil
• economic crisis
• financial 911
• dubai buildings
• tall buildings dubai
• Mark Thornton
• mises
• Austrian Economics
• boom bust cycles
• oil price

[j10betty]

lets all thank this city for fucking the rest of the world economy in the ass by draging us down another 80 billion and laying off workers. what a bunch of fucking retards. This had to be planned out. can people be this stupid or just really high!

[yogiudo]

Huh?? What do you mean..

[Salieri21]

you look so high and so hot in this video :P LOL.

[yogiudo]

Hahaha..

Not high, made my day thanks.. :)

[you2448]

What a bullshit video !! I last i was in Dubai ... that place is packed with people, tourist ... !!!! it's mad .. what ghost town are the fuck you are talking about !!!!!!

[yogiudo]

Without OIL, Dubai will eventually be an inhospitable place. Unfit for homosapiens. The default of Dubai World will only the beginning of the real collapse.

As world oil reserves run lower, places like Dubai will become wastelands in the desert. Ghost towns deep in the desert.

Leave while you still can.

[1empire3000]

Dubai is built on human slavery, sex slavery, money laundering and much more of discusting things!! Now what did you expect to happen to a place like that!

[davisurdaneta]

Dubai was so ambitious. They gambled billions of dollars to build superficial structures to attract tourists and foreign investors. But due to the global ecomic downturn. Dubai suffered a lot.

I remember during my 2 years of stay in Dubai. It seems that everyday was a big event. Their agressiveness to develop an artificial economic success, now put Dubai into a brink of economic collapse.

Airport, malls and hotels are half empty and yet the gov't is still in the state denial.

[jimbobubbadj]

Did you go visit the tallest building in the world? Come on now Sean, I bet that you passed it around too, LOL

[ghostdz9]

the fuck is you talkin bout niggggaaaa

[p717]

j10betty - no need to look for a scapegoat. everything is integrated

[GoogleGas]

hey i dont understand the attraction lol you just said it drugs how about getting layed are their women around?

[sulyamaniah68]

I swear you are on HASHISH now!!!