Tuesday, August 28, 2018

Impractical Saudi Aramco IPO Comes To An End, More Financial Turmoil Ahead

We have heard about the Saudi Aramco IPO from about 2016 since when Saudi and GCC went into serious crisis mode.

We have always believed that it was a marketing ploy and that the IPO would never occur.

Our reasons are very simple. 

The information that oil money is partly used by Saudi family members can NEVER be disclosed in any prospectus nor can it be accounted for, no matter what the super duper bankers, high flying analysts or super hero TV commentators may say or believe.

Anyone who has known how these GCC countries work, knows that disclosure of anything within these nations is not in their interest whatsoever. 

Monday, August 27, 2018

Canadian Cannabis Legalization: Beginning Of A New Growth Industry – Where To Invest

Every few decades, a brand new investment sector arises.

In early 1900’s, industrialization began with car, airplane and oil all invented or discovered at the same time that heralded multiple growth sectors who did extremely well for wealth creation for over a century.

In the early 1970’s, Middle East discovered oil and America seized the opportunity by creating a US dollar hegemony circle whereby USD gained strength to become a premium currency (dethroning the GBP), made a deal with Saudi to sell oil exclusively in USD against which America provided military support. This created an American military sector second to none worth trillions of dollars and has been creating wealth until date.

Then, in 1975, Microsoft was formed that created the 3rd revolution (besides green revolution and the industrial revolution) known as the technology revolution. It led to the creation of innovative giants like Hotmail, Google, Apple, Blackberry, Dell, Adobe and hundreds more. 

Thursday, August 23, 2018

John Oliver Teaching Global Trade To Donald Trump: Must Watch Viral Video

This video clearly shows that Donald Trump has no clue on how global trade works.

It's really worth watching the entire video.

It's hilarious how John Oliver (HBO Anchor), Angela Merkel (German Chancellor), Claude Juncker (EU President) and so many others have tried to explain trade to Trump without much success.

It's staggeringly astonishing that the top trade guy of Trump, Peter Navarro, was discovered and hired by searching Amazon.com by Jared Kushner (son in law of Trump).

Peter Navarro (Chief Trump adviser behind the tariffs on the entire world), as this video explains, is not liked or agreed with, by one single economist in the whole world.

Germany Wants To Create A New Monetary System WITHOUT The US

We have advised our clients for a while now that the entire world will move away from the US Dollar hegemony leading to it's gradual collapse.

Iran became the first country on 20 Aug 2018 to detach themselves from the US Dollar completely.


China and Russia already have their own global monetary system, now Iran has joined them, India is contemplating and has their own domestic payments system and now Germany (which means the EU) is calling for the same.

Tuesday, August 21, 2018

Iran: The First Country In The World To Dump The “Mighty” US Dollar

We have argued for several years that the entire world will gradually move away from the USD and be pulled towards the rising might of the Chinese Yuan.

Here is our research from Oct 2013 where we outlined our thesis on how and why the Yuan will dominate the world in the years and decades ahead: 


But today’s HOTTEST news is that Iran has become the first country in the world to completely move away from USD.  

Monday, August 20, 2018

South Africa Begins Expropriating Farms Of White Farmers

Nationalism is on the rise worldwide.

What Trump is doing in America to Hispanics and others, what Modi is doing in India to Muslims and others, the black locals in South Africa are doing the same to whites.

We have been arguing for several years that ethnicity alone will determine the future and will cause deglobalization to continue for years to come.

Visa denials, shut down of corporations on foreign soil, ban on new immigration, attacks on foreign embassies, hate crimes, asset seizures, sanctions, tariffs, currency wars, terrorism, declining global trade etc. will keep growing worldwide.

All the above are part of an unstoppable global trend that arises when sufficient jobs don’t exist anywhere (except China) and we have been calling for this deglobalization trend to intensify since 2014.

Sunday, August 19, 2018

Emergency Alert: Major Earthquakes Hit Earth! More Larger Ones Expected In Aug 2018!

Within the last few hours today and within the last few days, major earthquakes have hit Earth as the underlying plates are colliding.

Very unusually, 18 earthquakes between 5 and 8.2 have hit in the last 6-7 hours just today.

Please see this picture on your left taken at 3.18pm (Manila time) Sun, 19 Aug 2018.

IT IS EXPECTED THAT SEVERAL EARTHQUAKES WILL HIT EARTH IN THE NEXT 1 WEEK OR SO. HENCE, IT IS STRONGLY ADVISED TO BE PREPARED.

If you are a company, then it is best to have a Disaster Management Plan.



Saturday, August 18, 2018

Saudi Arabia: The Coming Implosion, Depeg of Saudi Rial & The Historic Decision Of Sale Of Oil In Chinese Yuan

All signs are there indicating of an economic collapse in Saudi.

We had argued on 1 Aug 2018 that millions have left Saudi, giant corporations have shut, hundreds of royal family members are in jail, water, electricity and petrol prices have doubled or tripled, visas for expats are extremely hard to get or not possible in dozens of jobs, FDI has plunged, Saudis themselves don’t wish to invest in Saudi yet cannot take out money from Saudi etc.


Yesterday, Bloomberg has published an article about the oncoming implosion.

Money outflows and viability of investment is the key problem in Saudi that scares the foreign investors.

Thursday, August 16, 2018

Abraaj Group: Last Days Of An Insolvent Private Equity Giant

Abraaj started it’s collapse in Feb 2018 and today, it has all come to an end in Dubai.

Like so many insolvent companies in the Middle East, Abraaj tried to run it’s operations from investor moneys meant for investments and paid the ultimate price. 

They forgot it was a regulated firm and had the richest man in the world as it’s client, and was not a privately held firm where insolvency can be hidden for a longer period of time.

The company’s debt , according to some estimates and news reports is above USD 1 billion on a conservative basis.

Liquidator was appointed itself by the firm in Cayman Islands in June 2018.

Today, DIFC has appointed a provisional liquidator in Dubai as well. All new investments have been halted and all money movement between entities as well.

Abraaj will finally shut down in DIFC. About $14bn of investor money is stuck in various parts of the world.


Is Turkey Being Attacked By Trump For Ditching The US Dollar? Answer:Yes!

The US dollar currency has been used as a primary tool of US hegemony since oil was discovered in the Middle East and a deal was made between President Nixon and King Faisal in 1973.

Recently, with reference to Turkey, in April 2018, news came out that Turkey (11thlargest gold holder behind Netherlands and ahead of India) wishes to repatriate more gold from US/IMF holdings.

This is what President Erdogan said in late April 2018:

“Meanwhile, Erdogan has taken a tough stance against the US currency, criticized dollar loans and saying that international loans should be given in gold instead.

“Why do we make all loans in dollars? Let’s use another currency. I suggest that the loans should be made based on gold,” Erdoğan said during a speech at the Global Entrepreneurship Congress in Istanbul on April 16, according to Hurriyet.


Another Day In Dubai: Another Criminal Arrested: Dubai Loses 1 More Buyer Of It’s Real Estate

Anyone who cheats, defrauds, scams anywhere in the world, lands up in Dubai.

One by one they are getting arrested as Dubai loses yet another high profile buyer of it’s real estate.

The fraud and loss to Indian banks is estimated at INR 5,000 crores / USD 725m approx. at today’s FX rate. Some estimate the fraud to be around INR 12,000 crores which is USD 1.73bn.

The Sterling owner ran a large scale fraud by having more than 300 companies to siphon off the money abroad, according to his chargesheet.


Wednesday, August 15, 2018

GLOBAL ALERT: ATTN: ANYONE WITH A BANK ACCOUNT: CONTACT YOUR BANKS URGENTLY: 8 BANKS HACKED IN INDIA, NIGERIA & USA WITHIN THE LAST WEEK!

As we all may remember that in late 2016, the computer hackers took out millions of dollars from the account of Bangladeshi Central Bank from New York Federal Reserve office in NY and transferred it to Manila and the money simply disappeared.

Just within the last 2 days, 2 banks have been SUCCESSFULLY attacked by computer hackers in India and Nigeria. 

Besides, just within the last 1 week, half a dozen banks also have been hacked in USA from where over 1 million dollars has disappeared.

In the first incident in Pune, India (close to Mumbai city), hackers logged into the server of the bank and were able to transfer out money from various accounts.

This attack originated in Canada, hacked a bank in Pune, India and through 28,000 transactions in less than 2 hours and 13 minutes all money was transferred abroad to 28 countries and immediately withdrawn.

Tuesday, August 14, 2018

1 Indian Airline Must Go Bankrupt In 2018, Which One Will It Be?

All 5 Indian Airlines are in major trouble.

Jet Airways has just defaulted on a USD 185m loan and is asking overseas lenders to waive a covenant. Mashreq Bank and ICICI Bank, DIFC are the biggest lenders.

We are aware that Etihad (who did not support Air Berlin or Alitalia) has refused to fund Jet Airways despite being a 24% shareholder, since they have no money nor patience any more, hence the hands of others are tied.

There was an article that Jet Airways doesn’t have funds to put oxygen masks but that has been removed from the internet because that will have IATA ramifications.

Jet Airways is also under investigations in India due to delaying it’s quarterly results.


Monday, August 13, 2018

Turkey: Gift From Trump To China

Trump is a gift that keeps on giving and giving….to China.

President Erdogan is not going to bend over for the Americans and we know what America does when some country does not bend over to them. 

They bomb them (Iraq, Libya, Afghanistan, Syria, Lebanon, Argentina, Vietnam, Pakistan, Congo, Haiti, Yemen etc.) or try to destroy them economically (Russia, Iran, Venezuela, Zimbabwe, now Turkey etc.). 

However, they cannot do the same to China directly but still Trump keeps trying and spews venom every time he tweets.

While all countries are now moving solidly towards China who does not interfere in the politics of any nation, bar none, under any circumstance. Regime change and bombing is not the way China works.

Sunday, August 12, 2018

New Zealand: Mega Rich Bolt Hole Bans Foreigners From Buying Existing Property!

Over the last 6 months, we have advised clients to get out of NZ, because it was the last country where Chinese (and all foreigners) were still not paying taxes on buying property.

Fast forward to Aug 2018, New Zealand is going to ban foreigners from buying existing real estate in NZ.

Just like Australia, Canada, Singapore, UK, Dubai and many others have done in the years gone by and have put taxes to buy property on foreigners only.

In every single city/country that has started taxes on foreign buyers, there is a concept of high prices, then sudden moves by politicians and then the price and transactions collapse.

It works like a charm, every single time. 

Except that this will be worse in NZ because this will be an outright ban.

Saturday, August 11, 2018

Canada: Looking For a Friend

The situation of Canada could not be worse.

We have been expecting a massive decline of Canada as a whole since the last few years.

Real estate as we all know has been collapsing, due to lack of buyers.


Prices of real estate in Toronto and worldwide, too, are in a free fall.


Canada has even turned racist which is truly sad.


Currency of Canada has dropped over 30% since peaking at 1.10 in 2007 and 1.06 in May 2011 to USD. As on date it is at 0.76.

Thursday, August 9, 2018

Dubai: Is $5bn Azizi Developments In Trouble?, Scathing WSJ article about DIFC & "Tip Of the Iceberg" Of Dubai Crisis

We had heard about this Azizi news a a couple of weeks ago but for the lack of public news evidence we were unable to discuss or share any information.

First, Abraaj Group, DIFC went bankrupt in June 2018 in Dubai, loss USD 14bn.

Then, Schon Properties's assets were seized (hence, bankrupt) in Dubai, on 3 Aug 2018.

It seems trouble maybe headed towards Azizi Developments next.

Things have been bad in Dubai since Jan 2015 (or some others would argue since Nov 2008), hence, cutting salaries of existing employees in 2018 at Azizi Developments by a massive 33% is a sign of some form of distress.


Wednesday, August 8, 2018

Hottest German Summer Of 2018: Major Heat Wave & Drought Hurting The Economy

Germany is reeling under declining manufacturing due to trade war with America, Saudi and Russia, a global trade slowdown, weak Euro, weak banks etc. Only some Brexit related jobs are moving from UK.

And now a heat wave is hurting their food reserves and bringing food prices lower and hurting the farmers.

Famous Autobahn roads are blowing up due to 60 degree centigrade heat, airport runaways have been damaged, train tracks have buckled in some areas and lines closed.

It’s expected that in the future, temperatures will continue to rise globally but in the colder countries, the damage could be both to their economy (with drought, changing farming patterns etc.) and the way people are used to living (in insulated homes not well prepared for prolonged hot weather and poorer infrastructure).


Bangkok Is Sinking - Jakarta, New Orleans & Venice Are Sinking Too!

Climate change is real!

In our opinion, Mother Nature is taking it back all. Humans are overpopulating the world. 

We are now at 7.6bn and we are destroying the world.

- One billion humans – 1804 (took us approx. 8-10 million years)
- Two billion in 1927 (123 years later)
- Three billion in 1960 (14 years later)
- Four billion in 1974 (13 years later)
- Five billion in 1987 (12 years later)
- Six billion in 1999 (12 years later)
- Seven billion in 2013 (14 years later)
- Eight billion by 2024 (11 years later, estimated)
- Nine billion by 2042 (18 years later, estimated)
- Magic Ten Billion around 2050 (8 years later, estimated)
- Estimated 11.2 billion by 2100 (according to UN, 2017)

Tuesday, August 7, 2018

Why Property Prices In Dubai Will Keep Falling For Years


We were the first to predict in July 2015 and have advised all our clients to get out of Dubai real estate ever since.

Our reasons were five fold:

    1.    Major oil price decline that began in 2014, longest ever, most sustained in history, until date.
    2.    Bans on Iran, Yemen, Bangladesh, Libya, Syria (now Qatar) and more countries (for trade, tourism, banking, visas, real estate, everything)
3.    Massive currency drops in Russia, Nigeria, South Africa, Angola, Europe and more.
4.    Five active civil wars in the region (Yemen, Iraq, Syria, Libya and Afghanistan).
5.    Damage to every regional economy caused by ISIS and other terrorists across the region plus missiles flying all around.

Except for the bans, other 4 are external catalysts and, thus, are not within the control of Dubai/UAE.

We predicted at the time in July 2015, that if ALL 5 reasons mentioned above were to be reversed on one given day, then we would see a recovery begin, 6 months thereafter.

Even if 1 of the 5 reasons mentioned above did not happen ON THE SAME DAY, then there will NEVER be a recovery.

All 5 reversing simultaneously, and going to peaceful and stable/growth days of years gone by, is an IMPOSSIBLE task.

Fast forward to August 2018, we have been 100% accurate.

Richest Indian from UAE, Mr. Yusuf Ali of Lulu Group, Is Opening A Massive Warehouse In Philippines

A warm welcome to Mr Yusuf Ali of Lulu Group to the Philippines!

A Padma Shri awardee (one of the highest civilian award by the Govt of India, awarded at every Indian Republic Day) with a net worth of $5 billion (richer than Donald Trump) and is ranked as the richest Indian from UAE.

He is ranked No 388 richest man in the world as per 2018 Forbes Global list and the 19th richest man of India.

The major warehouse project for their goods in Philippines will act as the backbone of their global supply chain of retail super markets across GCC, Indonesia and across India.

First Investment in Philippines:



Monday, August 6, 2018

China Takes A Game Changing, Historical Step Towards Integrating The Asian Region: No Work Permits Required for HK, Macau & Taiwan Residents

China has gradually been opening up it’s economy for several years for foreigners especially over the last decade.

China has been receiving over USD 100bn annually in FDI for over the last decade.


China has successfully allowed investors into free zones since 2013, gradually liberalizing all rules for foreigners, from banking, to company ownership in freezones, to currency ownership etc.



China has allowed easy tourism.

Friday, August 3, 2018

Dubai: All Company Assets Of Top Dubai Based Developer & Pakistani Billionaire, Schon Properties, Frozen

Launched in 2005, Schon Properties, was started by the 4thrichest Pakistani billionaire in Dubai.

They launched a major project with a bang, valued at 3 billion dirhams named Dubai Lagoons.

At inception, the project was expected to have 53 residential buildings, with Phase 1 comprising of 21 buildings (Ground plus 6 floors and Ground Plus 8 floors).

It was expected to have a total of 4,166 apartments.

However, today, in 2018, that dream of more than 3,000 investors has been shattered and come to a sad and a shocking end. 

They had 5 projects in all: Schon Business Park, Laguna Serviced Residences, iSuites Smart Residences, Lotus Residences and Ava Designer Residences.

Now all company assets, including all land holdings and bank accounts have been frozen by Dubai Govt.

Thursday, August 2, 2018

Worldwide Property Prices Are In Free Fall

We have advised our clients since at least 4 years that property prices will keep plunging every single year for a variety of reasons.

With the exception of China, Philippines and very selectively in Spain, property prices, especially of top end luxury homes are plunging worldwide, catching investors, banks, and sellers by surprise and with significant losses.

They are all being forced to sell at the worst possible time since their core businesses are also not doing well at the same time.

Our reasoning has been based on the fact that sovereign wealth funds (the largest investors in the world for several decades) are selling equities and properties, ultra rich are caught in corruption and tax investigations across the world like China, India, Saudi, Brazil, Malaysia, Korea, Nigeria, South Africa etc. just to name a few among the large countries.

In addition, currencies keep dropping and dropping. For example, GBPUSD has dropped from 2.10 levels to 1.30 level today over the past 6-7 years. 

CADUSD and AUDUSD are also declining since oil started dropping in 2015. This makes previous investors to lose money even though it makes it attractive for new buyers. 

Wednesday, August 1, 2018

Saudi Citizens Start Flipping Burgers As Saudi Arabia Implodes & Millions Stare At Poverty!

Millions of Saudi expatriate residents have been deported over the last few years, Govt reserves have finished, even bonds and IPO’s are not possible any more, hence, Govt is taking loans, thousands of businesses are closing, missiles are flying and entire areas in every Saudi city are now empty.

After my projection since July 2015 for a collapse in 2018, reality is now appearing in media.

Saudis cannot afford to import expats from other countries and need to work on their own in every job from malls to gas stations to banks to hotels to working in gas stations and even flipping burgers!

This is the original news on AFP which will make global headlines today and tomorrow.

1 Aug 2018: AFP: Burger on wheels: Saudis try once 'lowly' jobs as economy bites

Watch this video: the chef is Saudi and has 2 Saudi workers.