Comments on: Some Pig: Bailout Dollars Allocated to Green Projects http://chemicallygreen.com/bailout-subsidies/ Making Sense out of the Green Environment Tue, 29 Nov 2011 08:32:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: chemicallygreen.com http://chemicallygreen.com/bailout-subsidies/comment-page-1/#comment-8689 chemicallygreen.com Mon, 20 Oct 2008 22:13:46 +0000 http://chemicallygreen.com/bailout-subsidies/#comment-8689 @Uncle B: I thought you might be interest to know that Dubai is having its own credit crunch and may have to be bailed out. Oct. 13 (Bloomberg) -- Dubai may need help from Abu Dhabi and the United Arab Emirates government to finance a surge in borrowing that paid for the world's tallest tower, palm tree- shaped man-made islands and stakes in banks worldwide. Dubai's ``potential reliance'' will be ``most significant'' in coming years, Moody's Investors Service said in a report today. Government-controlled companies owe at least $47 billion, more than Dubai's gross domestic product, and they will continue to accumulate debt at a faster pace than the economy grows, the New York-based rating firm said. "These companies that are based in Dubai have become larger than Dubai itself,'' said Giyas Gokkent, chief economist at National Bank of Abu Dhabi, the U.A.E.'s second-largest commercial bank by assets. "If anything were to go wrong with any of these companies, Dubai does not have the wherewithal to deal with it.'' @Uncle B: I thought you might be interest to know that Dubai is having its own credit crunch and may have to be bailed out.

Oct. 13 (Bloomberg) — Dubai may need help from Abu Dhabi and the United Arab Emirates government to finance a surge in borrowing that paid for the world’s tallest tower, palm tree- shaped man-made islands and stakes in banks worldwide.

Dubai’s “potential reliance” will be “most significant” in coming years, Moody’s Investors Service said in a report today. Government-controlled companies owe at least $47 billion, more than Dubai’s gross domestic product, and they will continue to accumulate debt at a faster pace than the economy grows, the New York-based rating firm said.

“These companies that are based in Dubai have become larger than Dubai itself,” said Giyas Gokkent, chief economist at National Bank of Abu Dhabi, the U.A.E.’s second-largest commercial bank by assets. “If anything were to go wrong with any of these companies, Dubai does not have the wherewithal to deal with it.”

]]> By: chemicallygreen.com http://chemicallygreen.com/bailout-subsidies/comment-page-1/#comment-8616 chemicallygreen.com Sun, 19 Oct 2008 21:07:35 +0000 http://chemicallygreen.com/bailout-subsidies/#comment-8616 @Uncle B: Thanks for the comments. B, what are you going to do when the Great Depression hits us? Are you worried and why do you sound so angry? Are you still sitting in your chair on your front porch in Canada? Hope you are doing well. @Uncle B: Thanks for the comments. B, what are you going to do when the Great Depression hits us? Are you worried and why do you sound so angry? Are you still sitting in your chair on your front porch in Canada? Hope you are doing well.

]]> By: Uncle B http://chemicallygreen.com/bailout-subsidies/comment-page-1/#comment-8442 Uncle B Fri, 17 Oct 2008 18:52:00 +0000 http://chemicallygreen.com/bailout-subsidies/#comment-8442 Shop until you drop! Spend every cent you have and borrow until the absolute limits are reached! Be patriotic and support the system now it needs you most! Fill the pockets of the high-rollers until they are satiated and retired in Dubai! Buy Chinese products, we owe them! Go bankrupt, and then suffer the consequences, it really doesn't matter, your government will print fiat based money until the dollar is worth less than toilet paper! The Great Depression is imminent! We are locked in to a doomsday scenario, ending with two classes in our society, Those who live in Dubai and only visit America to inspect their work-camps, and the rest of us! At the crux of the matter is our oil addiction. We must resolve this either by annihilating the populations of the oil rich countries and taking the oil, or by getting off of oil in our society and using Solar, wave, wind, nuclear etc., Those are our choices: pay off the oil barons and enslave ourselves to a dwindling resource or make the change to new means of transportation in our society! Shop until you drop! Spend every cent you have and borrow until the absolute limits are reached! Be patriotic and support the system now it needs you most! Fill the pockets of the high-rollers until they are satiated and retired in Dubai! Buy Chinese products, we owe them! Go bankrupt, and then suffer the consequences, it really doesn’t matter, your government will print fiat based money until the dollar is worth less than toilet paper! The Great Depression is imminent! We are locked in to a doomsday scenario, ending with two classes in our society, Those who live in Dubai and only visit America to inspect their work-camps, and the rest of us! At the crux of the matter is our oil addiction. We must resolve this either by annihilating the populations of the oil rich countries and taking the oil, or by getting off of oil in our society and using Solar, wave, wind, nuclear etc., Those are our choices: pay off the oil barons and enslave ourselves to a dwindling resource or make the change to new means of transportation in our society!

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