Start of the next Wave?

Dubai has asked for more time to pay massive international debts. That's Dubai. The playboy sheikh-state famed for being er...really rich.

This video shows their super-daft-expensive resort for the elite.


http://tinyurl.com/2sj65r

Looks even weirder now.

When countries default it is very bad news. Dubai might well not be the first.

Analysts who predicted the 2008 crisis (which actually started earlier) say that Japan or even the US will go down.

In any case, the dollar is heading for a might fall and gold is on the up despite apparent attempts to supress the price.

Keep in mind that the people saying we have turned the corner, establishment media, politicians and "experts" are the same people who "never saw it comming".

http://tinyurl.com/ykqhbsl