Uh Oh. It seems that the government of Dubai declines to bail out Dubai World. It also seems that exposure to Dubai may be significant for European banks (and maybe some US ones too).
The world economy is spiralling down as one bubble after another collapses. Zero Hedge describes the situation as a "controlled collapse."
A new world order is defintely needed but I worry about what is going to happen to use plebs as our economies collapse.
Shit.
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