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Entering phase two of the credit crunch, buy gold and silver « Peter J. Cooper’s Weblog
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by arabianmoney | May 28, 2008 at 10:24 pm
412 views | 4 Recommendations | 6 comments
Photos
sultan al jabar Abu Dhabi investing 15 bn $ in Masdar renewable energy
uploaded by SOLARLIFE
Most RecentMost Recommended Comments (6)
at 01:32 on May 29th, 2008
arabianmoney, I like this story. It's good stuff.
Credit crunch phase II ok, but gold ?
Silver is no solution, look at the saturated silver bubble speculation
in a "magic way" combined with porc bellies. The hard way is to return
to production covered personal investment without banks. The challenge
for Arabian countries is lower income out of decreasing oil production.
So far no own technology production lines, only real estate investment
based on heavy petrol consuming air conditions and water desalination.
America was leading innovation and market entry financing; others were
happy just to trade the finished goods. Only investment trading Dubai
style is no way out. Someone has again to finance product idea to market
industrialisation; as up to now only America has the knowledge, if
discontinued the world steps back to middle age. We are all interdependent
to create a new economy. So pls tell about your high tech efforts to
get the world forward, like "no petrol" economy Masdar city in AbuDhabi.
Don't forget most gold owned on swiss bank accounts ??? India.
You can't stay rich, if half the world poulation has nothing to eat,
no water, no light. Hope you start some communication; only to copypromote
your blog is not interactive.
at 02:02 on May 29th, 2008
Not sure I agree with you on the future for the Middle East. Oil and gas is where they have a comparative advantage - i.e. lowest global production costs - and the world needs more oil production not less, and the same goes for petrochemicals. All the other add ons are artificial and dependent on cheap imported labor. Dubai is the most successful example of diversification but this is a trading hub for the oil-rich region.
at 03:11 on May 29th, 2008
Hi arabianmoney, thanks for communicating,
you pointed Dubai as a trade hube for chinese products, that's long term the weak point, chinese trade over all africa without you. I meant you should start some intelligent production yourself to get all your population some jobs, that are not in construction. Dubai is not an oil-rich region any more, you are the first country to run out of petrol 2010. Seems you have a intelligence at AbuDhabi Sultan Al Jaber, CEO of Abu Dhabi Future
Energy Company, (ADFEC) the enetity
executing the Masdar Initiative
investing 15 bn $ in reneweble energy and renewable Masdar city
at 04:26 on May 29th, 2008
Actually a lot of African trade comes through Dubai - don't forget the UAE includes Dubai and Abu Dhabi and has 10% of the world's oil reserves, that is quite enough for 4 million people of whom 85% are not nationals and will go home one day! But agree solar energy in a country with this much sunshine does make a great deal of sense...
at 05:41 on May 29th, 2008
arabianmoney, I like this story. It's good stuff.
at 05:53 on May 29th, 2008
Thanks we getting forward together, why not uploading some pictures of your cities ?