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Thread: The Big Mirage

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    Peloton Dog patentcad's Avatar
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    The Big Mirage

    Is disappearing.

    How the Big Money of the world ever really bought into palm shaped artificial islands, 2000 foot tall skyscrapers and indoor ski slopes in the middle of friggin bumfark arabia I'll NEVER understand. Never made sense to me. This makes sense. On top of which, Dubai has no oil to sell. I mean, go figure. Nothing underscores the madness of the recent economic bubble quite so much as this. I watched that stuff in Dubai over the last couple of years thinking 'oh, this won't end well'. And it hasn't.

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    Wookie Fred chewybrian's Avatar
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    They're surrounded by rich people who aren't allowed to have any fun. It's like an Indian Casino in the middle of Manhattan. When the economy comes back, all that wacky stuff will, too, even if it wouldn't work anywhere else.
    Campione Del Mondo Immaginario

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    K2ProFlex baby! ilikebikes's Avatar
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    it was doomed to fail from the get go.
    You see, their morals, their code...it's a bad joke, dropped at the first sign of trouble. They're only as good as the world allows them to be. I'll show you. When the chips are down, these...These "civilized" people...they'll eat each other. See, I'm not a monster. I'm just ahead of the curve

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    GATC
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    Quote Originally Posted by patentcad View Post
    On top of which, Dubai has no oil to sell. I mean, go figure.
    You'd think the banks would've made their uncles from the Emirates that did have oil countersign on all those loans. I guess it's just impolite to ask too many questions at that level of totally beyond high uh... finance.

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    Fred at large
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    Dubai could have been a good thing had their stupid religious zealots been thrown to the sharks centuries ago.

    The country could have been a mid-east "Hong Kong" or "Monaco" for free trade and relaxation by the wealthy. Good location (location, location, location as my realtor says), low to no taxes, a populace that needs work, decent weather most of the time (some really bad storms off the Gulf at times though), deep water port facilities, financial ability to draw investment money, etc.

    Instead they were stuck between zealotry and oil money. Which means that they can create but not use the facilities they built. Stupid, stupid stupid.
    I am Fred, hear me slurp my Grande Mocha.

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    Peloton Dog patentcad's Avatar
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    I'm trying to imagine who the F is going to occupy the nine ZILLION sf of empty office space they have created in the friggin desert.

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    AEO
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    this is what happens when you have a cock fight... of... well, massive proportions.
    Food for thought: if you aren't dead by 2050, you and your entire family will be within a few years from starvation. Now that is a cruel gift to leave for your offspring. ;)
    http://sanfrancisco.ibtimes.com/arti...ger-photos.htm

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    GATC
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    Quote Originally Posted by patentcad View Post
    I'm trying to imagine who the F is going to occupy the nine ZILLION sf of empty office space they have created in the friggin desert.
    I was wondering about the foreclosure auction on the palm-shaped islands.

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    Free Velo Vol! Velo Vol's Avatar
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    Quote Originally Posted by patentcad View Post
    Never made sense to me
    Neither does people paying insane money to live in Manhattan.

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    Senior Member jdon's Avatar
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    Quiz:

    1. Which country's overextended consumer based, greed driven economy caused the collapse of the world's economy?

    2. Which economic failure was bigger, AIG or Dubai?

    3. Why do we in glass houses throw stones?

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    Dave TRUMPHENT's Avatar
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    Quote Originally Posted by patentcad View Post
    I'm trying to imagine who the F is going to occupy the nine ZILLION sf of empty office space they have created in the friggin desert.
    If you build it, they will ... OH snap! Never mind.

    I recall that prez Bush was trying close a deal with Abu Dhabians for US port facilities. I still wonder if that was good, bad or indifferent news.

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    Quote Originally Posted by patentcad View Post
    Is disappearing.

    How the Big Money of the world ever really bought into palm shaped artificial islands, 2000 foot tall skyscrapers and indoor ski slopes in the middle of friggin bumfark arabia I'll NEVER understand. Never made sense to me. This makes sense. On top of which, Dubai has no oil to sell. I mean, go figure. Nothing underscores the madness of the recent economic bubble quite so much as this. I watched that stuff in Dubai over the last couple of years thinking 'oh, this won't end well'. And it hasn't.
    look up vegas, las......
    sigless at the moment....

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