Sunday, November 29, 2009

Dubai's Fucked ($80 billion)

Dubai's Fucked ($80 billion)

Thu, 26 Nov 2009 13:25:24 -0600
R406444
5 days ago
floopin

$80 billion might not sound like a lot in a time when the nog is handing out $trillions, but $80 billion cash represents a hell of a lot more in Default Swaps and other derivative shite (maybe $8 trillion).

Anyway, The markets are down – on news of Dubai’s demise, and the default might topple a few more banks.

European Banks May Have $40B Dubai Exposure

It’s a bit strange at the moment because the smallest thing could bring about a catastrophic run on the dollar, a global stock market crash, or a collapse of the banking system.

We live in a weird time where the global kleptocracy (dirty jews) are juggling like crazy, and we don’t know when they will deliberately or accidentally drop the balls.

Post Modified: 11/26/09 13:28:35

R406471
5 days ago
floopin

Of course, all the money has been taken by the jews. Here’s a jewess who needs to spend $100,000 per day on its fucking face:


R406474
5 days ago
floopin

R406516
5 days ago
SmallAxe

Get some help


R406517
5 days ago
caseclassic

Floopin is real…the people who need help are the jackass trolls like you who knee jerk protect your gilded little “g-d’s on Earth” because you are bred like a dog to do so.

You are really a pathetic sniveling low life –


R406519
5 days ago
SmallAxe

bred like a dog

cite plz


R406521
5 days ago
microdot

Ya. This story is very real.

OPEN QUOTE

The Dubai International Financial Exchange (DIFX) owned by the sole shareholder Dubai International Financial Centre Authority (DIFC), launched Dubai securities trading market in September 2005.

[At that time the DIFX was] seeking to list 10 to 15 IPOs and to gain the market capitalization of minimum US$ 50 million by the end of 2006.

PAUSE How does 50 Million turn into 80 Billion, almost 80 percent of which is “invested” in a Billionaires Only Need Apply Vacation spot off the coast?


R406522
5 days ago
microdot

Op, sowwy, forgot the link

80 Billion, “*59 Billion of which is invested in Sodom & Gomorrah Ville

Those people are SO toasted.


R406528
5 days ago
Truthcansuk

Floopin is real… - CaseClassic

Man, I need that on a t-shirt. For old-timey, nostalgic days when I want to remember what was great about this place.


R406532
5 days ago
microdot

I have to agree that one of the most amazing things about the G was/is the extent to which people posting systematically try and change the subject. The more substantive the topic, the more likely it is that the bulk of the community is going to focus on derailing the thread.


R406535
5 days ago
Beagle17

Micro, that’s pretty much true of ordinary people most of the time. Which goes to show that most people on GNN are far more ordinary than they would like to think.


R406536
5 days ago
Beagle17

Here’s the best Dubai photo set I’ve seen. I emailed this link to all my address book a couple years ago.

http://www.dubai-architecture.info/DUB-GAL1.htm


1990


2003

Click the link for more mindblowing photos and artwork.


R406537
5 days ago
microdot

Note that

OPEN QUOTE

1. when the Dubai Stock Exchange became a fully functioning exchange on September 26, 2005 it had four members – Credit Suisse, Deutsche Bank, HSBC, and UBS AG. After a month another global investment bank Citibank joined the exchange.

2. it opened with just five Deutsche Bank index-linked equity products that were also traded in other exchanges, the DIFX list was shortly added with the National Bank of Dubai bonds and the world’s largest sukuk, a US$ 3,5 billion issue by Dubai Ports.

what the hell is a sukuk?

OPEN QUOTE

Sukuk are securities that comply with the Islamic law and its investment principles, which prohibits the charging, or paying of interest.

As Shari’ah considers money to be a measuring tool for value and not an asset in itself, it requires that one should not receive income from money (or anything that has the genus of money) alone. This generation of money from money (simplistically, interest) is “Riba”, and is forbidden. The implication for Islamic financial institutions is that the trading and selling of debts, receivables (for anything other than par), conventional loan lending and credit cards are not permissible.


R406538
5 days ago
microdot

This undoubtedly matters:

In March 2006, the Dubai Stock Exchange announced the appointment of Per E. Larsson, former head of the Sweden-based OM Group (now OMX and owner of several Nordic Exchanges), as the next Chief Executive of the Dubai Stock Exchange.

Mr Larsson succeeded Steffen Schubert, who will step down in June 2006 as scheduled at the end of his contract after becoming the DIFX’s first Chief Executive in February 2004.

And then, on June 20, 2008

Larsson leaves and Nasdaq’s Singer ‘joins’ the Dubai Stock Exchange — as CEO


R406539
5 days ago
microdot

When did Halliburton move to Dubai, anyone remember?


R406540
5 days ago
microdot

The historical existence of Sodom and Gomorrah is still in dispute by archaeologists. The Bible indicates they were located near the Dead Sea.

The Dead Sea is a salt lake in Jordan to the east and in the West Bank and Israel to the west.

The Dead Sea has attracted visitors from around the Mediterranean basin for thousands of years. Biblically, it was a place of refuge for King David. It was one of the world’s first health resorts (for Herod the Great), and it has been the supplier of a wide variety of products, from balms for Egyptian mummification to potash for fertilizers. People also use the salt and the minerals from the Dead Sea to create cosmetics and herbal sachets.


R406541
5 days ago
microdot

BTW, what the hell does it mean to be “bred like a dog” to do something? How is it different from any other sort of breeding ritual?

I ask this in all sincerity. I actually have no idea about how dogs are bred. For some reason my guess would be that it is done with much more attention to detail than the breeding of humans. Which is done quite sloppily, it seems to me.


R406545
4 days ago
floopin

Quite remarkable events for only $80 billion gross debt with only a $20 billion actual shortfall:

US stock market down 2% ($300 billion)

Global equity down 1% ($lots)

Mother-fuckers think that derivatives where structured in some sore of hierarchy. Sort of like the 1st guy would take 100% risk and lay off 50%, and 25% of that would be layed off as another derivative etc., and the worst possible case is that 100% of the tangibles has been sucked away in fees by the final iteration, and only 100% of the tangible would be liable if it all turned rotten.

Wake up mother-fuckers! -The derivative market used fractal maths with infinite iterations to ‘spread the risk’. This led to the problem that (greedy) sellers were sucking derivative back up their own arse and buying selling them again (up to 500 times).

The fees on most derivatives are way more than the tangible that spawned the shit, and the liabilities (in derivative space), if things go tits up, in many cases, are hundreds, if not thousands times more than the spawning tangible.

Satan has his fun via twisted irony in the space-time continuum: Here’s BlackWater by the Dubai Brothers:

Oh yeah – by the way, nog arse white trophy wife, Tiger Woods, might be dead (fucked up on drugs again driving into fire hydrants after a night with teenage white slags).

Post Modified: 11/27/09 14:39:01

R406565
4 days ago
boss

wow floppin you’re a compete faggot


R406576
4 days ago
floopin

Ha ha ha – you fucking gay sheep-arse licker.

The truth is seeping out. -Apparently slope-nog, Tiger Woods, likes to get high and slap his Swedish vegetable ho about. She’s started fighting back and tried to scratch the slope-nog’s fucking eyes out before attacking the cunt with some golf-clubs.

Tiger Woods: Injuries Caused by Wife, Not SUV

Why on Earth the slope-nog has been paid more then $1,000,000,000 ($billion) for hitting a ball with a stick, is a mystery, when most blacks in the US can’t read or do simple arithmetic, and die before they reach 50 years of age from poverty.

I hope Elin Nordegren (slope-nog’s trophy ‘Snow White’ wife) kicks the shit out of the greedy slope-nog bastard cunt.


R406580
3 days ago
floopin

Here is the white-trash prostitute (with rubber tits and a mashed up mouth from being violently fucked in face, over and over), Rachel Uchitel, that slope-nog has been porking like a pimp:

Notice how the MSM are covering up for the cheap slope-nog.

And look at this pathetic shit – Obnog reckons he’s a golfer (but swings like a junkie nog spaz).

Fucking cunts.


R406622
3 days ago
grady

i have a giant boner floopin, u wanna touch it?


R406626
2 days ago
floopin

Rachel Uchitel is a jew

Here she is pretending her jew husband died, when the jews and the CIA blew up the WTC, so she can claim the compensation money ($3 million). What a cunt!

The jewess spent lot of the compensation money on rubber tits, rubber lips and swanning about having sex with nogs and z-celeb white trash.

Apparently she has addmitted being in the same hotel in Melbourne, Australia, as slope-nog, when he was playing in the Australian Masters (hitting a ball with a stick) game.

Here is the Crown Towers Hotel where the giant black comedy penis slid up the giant stick of glue fish hole.


R406636
2 days ago
SunTzu

Dotty: I have to agree that one of the most amazing things about the G was/is the extent to which people posting systematically try and change the subject. The more substantive the topic, the more likely it is that the bulk of the community is going to focus on derailing the thread.

and it’s almost always the same bunch of airheads doing the derailing.


R406640
2 days ago
microdot

floopin certainly has a short fuse though. lol.


R406675
2 days ago
caseclassic

and it’s almost always the same bunch of airheads doing the derailing.

Exactly – Small Axe fuck face goes on some Jewish shrink inspired stupid as shit troll comment and the insanity of jackoffs like Small axe adding nothing of value gets a quick protest from those of us who read some of the info here from the jack off stupidity of Small Axe.

This is the basic way you jack offs at GNN have always operated – too fucking lazy and stupid to actually come up with something that is not beyond the intellect of piece of shit Tel Aviv inspired trolling.

I cannot wait for the day I log in here and I see Anthony’s contribution to Jewish cultural asshat mentality finality closed.


R406676
2 days ago
Truthcansuk

Micro – I have to agree that one of the most amazing things about the G was/is the extent to which people posting systematically try and change the subject.

Irony: it’s not something you do to your wrinkled pants.


R406760
5 hours ago
grady

floopin certainly has a short fuse though. lol.

its bigger than his penis, i’ll bet.


R406794
12 minutes ago
FloydAnderson

hey floopin, what do you think about banksy?

y’all are both hardcore in your own way.

hell…..floopin….you might be banksy!!1!11!!!1!!!

Post Modified: 12/02/09 01:14:35

R406795
10 minutes ago
FloydAnderson

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