I saw on the CNN website that stocks went down big time today over news about Dubai's debt problems. I am not the type of guy that follows the stock market or the financial news but I did not know that Dubai had money problems.
I remember seeing specials on TV about the construction boom and them building palm street shaped islands and world's tallest hotel and all sort of big fancy and unreal things… indoor building with lots of water and waves and building where you can ice skate and do all sorts of winter sports in the middle of a desert.
Now the word is that they are considering a postponement of payments of nearly $60 billion in debt.
I am not sure that we are ever going to get out of the mess that the Republicans and Wall Street and the bankers have got us into… We may find that if things are not better by the time for the election of a president that enough of the American people may decide to blame President Obama and the Democrats that they may turn to the Republicans and we will see the end of the United States.
If you were one of the people that invested in guns and ammo you may have been one of the smart people.
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To make matters worse (for us) this is one of the major places to which we owe large sums of money.