Multi Billion Dollar Companies Continue Their Collapse In UAE: 3 More Banks To Merge

As one after another largest businesses (in the world) collapse in the UAE, as we have been predicting since 2015, five major banks have merged in the last 2 years and 3 more have announced just now that they shall merge.

NBAD
FGB
ADCB
Al Hilal
UNB

All the above banks have merged.

3 Sept 2018: 3 Major UAE Banks to Merge This Month: ADCB-UNB-Al Hilal Banks To Merge

Just now it has come out that 3 more banks in Sharjah, UAE are about to implode hence shall be merged.

Emirates-Etihad Sibling Rivalry Won’t Have a Happy Ending

A fantastic analysis on the merger of Emirates-Etihad, should it occur.

We have said for a while now that Etihad is in major trouble along with several other large entities in the UAE.

They have sold several planes this year, have had loss of USD 3 bn in 2 consecutive years, reduced routes, didn't pay Alitalia and Air Berlin causing legal troubles and bankruptcy, now Etihad won't pay any money to support Jet Airways which is owned 24% by Etihad.

Etihad guaranteed bond is at USD 53.50 today indicating severe distress. 

Trump’s Trade Tantrums Are Further Weakening An Already Declining America

This blog was the first to warn the world on June 25, 2018 that Trump's trade tariffs will hurt everyone around the world (except China)!

However, the most dramatic impact will be on the US economy and it’s global status itself leading to job cuts, billions lost in lower exports, several bankruptcies, slowdown in investing in projects, slow down in bank lending & incomes and overall slowdown in the real economy.

Trump’s eccentric tariff tantrums will hurt economies far and wide and cost millions of jobs of simple folks who have no clue on what’s happening.

It would be wise for Trump supporters to read this article in order to understand how he is hurting the American free trade led capitalism model that helped the world rise over the past 50 years and the major loser will be Americans themselves.

Here is our previous forecast.

June 25, 2018: Trump Tantrum: Leading The Entire World Into A Great Depression

The Turbulence In The Indian Private Sector Banks Is Gathering Speed

Majority of Indian banks are in the worst shape possible.

All 19 Public Sector Banks (majority owned by Govt and operated by Govt) have a smaller market cap than 1 single HDFC Bank.

At least 11 PSU banks have a total ban on lending.

Last year 5 SBI subsidiaries merged with the parent SBI. Last week, 3 major banks were merged. these are signs of stress an crisis.

Some CEO's and several top executives have been charged or arrested for fraud.

Bad loans at banks are at their highest in the HISTORY of India.

Pakistan Govt Wants ALL It's Money Back From UAE That Is Invested In UAE Properties

Most of the 2,700 top multi million dollar properties are about to be seized in Dubai.

This doesn’t include paper assets where properties are not yet completed that also are in thousands.

Hundreds of top Pakistanis should have sold but cannot sell anything now in Dubai.

Now some of them need to sell in Dubai and run or face court action in Pakistan.

All have to submit affidavits in court as well immediately.😲

Alibaba Chairman Jack Ma Talks Of Peace & Potential Loss Of 1 Million Jobs In US

That’s the ultimate of #deglobalization that we have been predicting since at least 2012!‬

Summer World Economic Forum being held in Tianjin, China!

And Jack Ma speaking in Mandarin!

Learn Mandarin, teach it to your children, buy Chinese currency, buy their stocks and enjoy the next several decades of growth!👍

Nigeria: Presidency Hits Back At HSBC - Return Our Stolen Assets in Your Custody

This is going to be fun! 

First time a country is asking HSBC to return money stashed in their cosy Swiss, American, Singaporean, UAE and British Private Bank offices.

Hope Nigerian President pursues it further.

How American Economy Has Been Destroyed, Million Souls At A Time

American economy, American real estate, so called "American dream" and the lives of most Americans have been and are being destroyed million souls at a time.

This is happening since the 2008 crisis and worse is yet to come.

Bridges in America are falling, boats are capsizing, mass shootings are rising rapidly, hurricanes are worst ever, climate change impact from Louisiana to Puerto Rico to Carolinas now is hurting the economy even further.

Hawaii has a volcano spewing and Yellowstone National Park could get hit by a bigger volcano.

Future Of Bankers/Finance Workers Is Going Downhill Every Passing Day

This is what we have suggested to everyone since 2012. However, many disagreed. 

Now the facts are there for all to see that banking careers and banking businesses have been destroyed almost globally (except in most of Asia).

Look what finance/banking people are doing and that’s the future for all finance graduates!

'I lost my dream job at Lehman and now make pasta'

'I earned more as a student than I do now'

Philippines & China Are The Only 2 Major Nations Receiving Major FDI

In almost every large country FDI has declined or plunged.

USA is down.

Foreign investment in the United States plunged 32% in 2017

India is dropping lower and lower every year.

Foreign direct investment in India hits 5-year low in 2017-18    

Bankers Are Losing Their Minds!

Until several years ago, bankers were the happiest people and jumped jobs, got salary hikes, handsome bonuses etc.

Over the last 8-10 years, hundreds of banks have shut, millions of bankers lost their jobs and bonuses have disappeared while bankers are begging clients for business.

Bankers have committed suicide across US and Europe and some had been killed by their clients. Many are involved in money laundering and were sent to jail and one German banker in Singapore even started sourcing under age girls to supplement his living!🙄

A British banker in HK killed 2 women and stuffed them in suitcases in his apartment in 2014.

Indonesia Is Headed Towards a Big Crisis

"THE financial crisis affecting developing countries arrived in full-scale fashion in our region last week when the Indonesian economy experienced shocks reminiscent of the Asian crisis 20 years ago."

Be ready – financial crisis is near 

"London: In a sign of the pressure on emerging currencies, the Indonesian rupiah fell 0.7 per cent to its lowest level since the Asian financial crisis in 1997-1998.


The rupiah has weakened nearly 9 per cent against the dollar so far this year, one of the worst affected currencies in the emerging markets sell-off, despite repeated interventions from the central bank. Indonesia’s inflation picked up in August, but remained within the central bank’s target range."

Indonesia CRISIS: Rupiah SLUMPS to its weakest level in more than 20 YEARS

Have You Seriously Considered A Second Citizenship/Residency?

There are several advantages of having a second citizenship or just a residency.

We have advised our clients since 2011 to have a Plan B.

Reasons can be varied, from tax planning, or retirement, or having a new business opportunity, a bank account, priority access to invest in business/real estate, visa free travel, children's education, migration to a better country etc.

Whatever may be your reason, you must consider a second or third citizenship/residency option.

Trump’s Trade War Is Taking Entire America Backwards

As we had warned on 25 June 2018 that Trump’s tantrums against the entire world will hurt America more than anybody else. That is exactly how it has come about.

Trump Tantrum: Leading The Entire World Into A Great Depression

Millions of Americans are expected to be impacted and lose their jobs

11 million U.S. workers are in the trade war's crosshairs

On Friday, 7 Sept 2018, even Apple came out towards the end of the trading day to submit that they are being hurt and may slow down. That’s the No. 1 American company globally and one of the world's best known brands. 

Saudi & Dubai Continue Their Rapid Economic Declines

It's real action time in Saudi.

3...2...1...

Several shops ‘shutting down’ in Saudi as nationalisation deadline looms

Meanwhile, in Dubai.

Massive bad news for Dubai all in 1 article, as we have projected since 2015.

But the author missed the Yemen war, ISIS all around the region, massive currency depreciation for every nation  in the region and beyond, and things like interference by UAE in the Turkish coup and the insult of all Pakistanis, weekly shut down of hotels and restaurants, non delivery of major projects like Dubai Pearl, Universe, World, Palm Jebel Ali and many more and exits of mega corporations, default by absconding Schon Properties etc.

Luxury Real Estate Investment Opportunity In Rising Cebu

If you are looking to invest in luxury real estate, then look no more.

Invest here in Cebu, Philippines, in a luxury project being built by Jardines Group, HK (first time by a foreign developer such a large scale township city project is being built in Cebu).

Price is rising every other month and will be hiked tomorrow on Sept 7, 2018.

Demand is quite heavy and continues to rise.

In this luxury township of 21 towers, 4 towers are already under 24/7 construction and 3 have been sold out.

Here is the sales update as of Sept 6, 2018 for the sales in Tower 4.

More details here:

Investment Opportunity in Cebu: Mandani Bay - Top Luxury property

USDINR Continues It's Plunge Hurting All Leveraged Depositors

USDINR (Indian Rupee per 1 USD) has crossed 71 and touched 71.40 today.

May God bless those who bought leveraged INR deposits based on “superb” advice from their bankers.

While Indians in India can expect further inflation in the months ahead.

And large business with dollar loans can expect share price plunges and collapses.

Jindal Group valued at $6bn will either collapse or default or break up. This is just 1 multi billion dollar group. Many more to come in the weeks and months ahead.

3 Major UAE Banks to Merge This Month: ADCB-UNB-Al Hilal Banks To Merge

We have been hearing of merger between 4 UAE banks for about 2 years now since Nov 2016.

They were expected to be:

UNB with ADCB

Al Hilal Bank with ADIB

Rumors were so strong in Nov 2016 that shares of ADCB, UNB and ADIB were halted from trading due to the speculation.

Just now, on 3 Sept 2018, news has come out that ADIB has been left out.

3 major UAE banks will be merged within weeks (prior to Dec 2018 closing).

NRI’s (Non Resident Indian) Depositors To Lose Heavily Due to USDINR Plunge

Almost all Emerging Market currencies have plunged in recent months due to Trump’s tantrums.

However, no other country does as much aggressive marketing to collect deposits for it's insolvent banks from it’s overseas diaspora as does India.

Hence, the biggest losers in Asia’s worst performing currency for 2018 (USDINR) are obviously the NRI’s.

Bankers being bankers keep “advising” clients that USDINR will appreciate, despite the fact that for over 50 years, USDINR has been depreciating at a rate of 5-6% pa.

This time the plunge is deeper and has crossed the psychological/technical/fundamental level of 70 and closed above this level on Friday weekly chart as well as for the month end of Aug 2018.