Faces By KLM

Geller Double

Indeed, I guess you can say goodbye to Dubai, or so the international banking community says, and it's not as if this economic crisis was unexpected. After all, most of the large building projects going on in Dubai right now have been stopped, most of the workers have left to go back to their own countries, and the default rates on all the homes for all the workers are more than significant.

Indeed, there was one report that said the nation was putting people in debtor's prison who didn't pay for their mortgages even though the homes had lost over 50% of their value, and so they had staged police at the airport and are checking the names of anyone leaving against the debts they owe to the banks of the country. That's a scary thought. You come to work in another nation, and since you will be there for a while building their great city, you buy a residence, and then the fake economy totally collapses, and they put you in debtor's prison for not paying.

Do you ever wonder who is ensuring the "credit default swaps" or have you asked why Dubai's Sovereign Wealth Fund on a scale of 1 to 10 for transparency shows up as the "two" while most all of the funds of the rest of the first world nations are at 9, 10, 10+, or even 11? So, now we are told on the world financial news that the whole Dubai default is overblown, by whom; those who are in charge of the economy there; how convenient indeed, more of the same, you'd think they were in Egypt; de-Nile, get it?

This is all very interesting because we were told not to worry about it, that everything was going great in Dubai, and they had more than enough liquidity throughout 2008 and 2009, ah, but now it all hits the fan; surprise, surprise, surprise? No, not I.

But now they have no liquidity at all? That is indeed some interesting double talk. Nevertheless, desperate folks, do very desperate things and not long ago a financial analyst suggested that one of the fires in one of the large buildings which was incomplete was set by arson, but why; to collect on the insurance I ask? Don't you dare accuse?

Why not, it's a simple enough question, isn't it, come on there is motive and it's not like these things have not happened before. Indeed, the fire, well, it's still under investigation. But who is to say that there wouldn't be a fake terrorist attack in Dubai, and thus, they could use that as an excuse for the economic collapse of their city?

Although that sounds like outrageous speculation, and I was blown away that someone would even mention this on the world financial news, the topic did not surprise me, because I remember recently a large building in Shanghai, also caught fire, and it was in serious financial trouble also. Remember, desperate people, do desperate things. And although I am not one to speculate on the reality of any of this, I found those comments troubling and utterly revealing of just how bad the situation "might" actually be.

And, it begs of the question, where or which nation-state, sovereign wealth fund, or city is next to default? Indeed, I doubt there is a world economic analysts out there, who has not considered some of the same things. Please consider all this.

Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes in integrity, honesty, and transparency.

What's the name of the actress who plays Josie Gellers friend she makes at school in Never Been Kissed?

She was part of that Double Helix group in the movie.

Leelee Sobieski

2/3 Uri Geller performs under controlled conditions - What James Randi doesn't want you to see!

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