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Why u are not rich
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<blockquote data-quote="links" data-source="post: 3135225" data-attributes="member: 3078"><p>No matter how much you earn, if you keep spending more than what you can get then you will go broke....just look at US, they spent the money even before they can earn it so now they are in deep shit...but USD still the major currency in the world and US can still use its financial tricks to suck money from other countries...</p><p></p><p></p><p>but for dubai, its world largest islamic financial center so it can issue islamic bonds like "sukuk" to raise money to spend..look at their current state, debt = 60% of GDP, this is simply crazy and they might not able to pay back their debt later...Their oil will run dry in 201X. IF Dubai go default with the bonds, those oil production islamic countries will suffer.</p></blockquote><p></p>
[QUOTE="links, post: 3135225, member: 3078"] No matter how much you earn, if you keep spending more than what you can get then you will go broke....just look at US, they spent the money even before they can earn it so now they are in deep shit...but USD still the major currency in the world and US can still use its financial tricks to suck money from other countries... but for dubai, its world largest islamic financial center so it can issue islamic bonds like "sukuk" to raise money to spend..look at their current state, debt = 60% of GDP, this is simply crazy and they might not able to pay back their debt later...Their oil will run dry in 201X. IF Dubai go default with the bonds, those oil production islamic countries will suffer. [/QUOTE]
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