Why Dubai Real Estate Has No Buyers: All Indians (and Pakistanis) Who Own Property In Dubai Are Being Served Tax Investigation Notices

We have warned our clients and investors over the last several years that all countries will investigate their citizens who have kept their hidden illegal undeclared assets in Dubai.

Once Dubai signed the EXPO 2020 agreement in 2012, it was like a death wish for it's real estate sector.

They agreed to issue multiple entry visas (which they approved sometime in 2016), they agreed for international accounting practices (mandated under VAT laws), they agreed to implement VAT and other indirect taxes, they also agreed to share information on banking assets, real estate, visa entries etc (visa entries have been shared with Canada a few years ago) with any Govt under OECD data sharing agreement. All of this was agreed in order to get the EXPO 2020.

Data sharing by Dubai began in Jan 2017 after many years of warnings.

Russians, Britishers, Iranians, Qataris, Yemenis, Europeans, Americans, Syrians, Libyans, Bangladeshis, Canadians, Australians etc who all were big investors in Dubai have all mostly departed.

GCC Disintegrates Further: Kuwait Seeks Military Support From Turkey

This comes completely out of the blue!😲

In the middle of the world’s worst geo political crisis between Saudi-America-Turkey, Kuwait has bailed out of GCC straight into the arms of Turkey.

Everyone needs to survive as a nation because what’s coming is going to be lethal.

Things are happening faster than any one can imagine this weekend.

It’s going exactly as we have predicted that there will be no GCC by Dec 2018, Qatar has gone, now Kuwait is gone. But it’s happening in a much worse manner than even what we have predicted.

Venezuela Becomes The Second Country In The World To Dump The US Dollar

We have been warning for several years that all the countries will need to move away from the US Dollar. 

Thanks to Donald Trump, this trend has majorly accelerated this year who is bent on destroying his own country and the reason it is No 1 which is due to the global usage of the US dollar.

Just on 12 Aug 2018, Iran dumped the US dollar in it's global trade transactions.

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

3 Airlines Have Shut So Far in Oct 2018 Across Europe

As business conditions continue to deteriorate globally, 3 airlines (4 if you include a subsidiary in Latvia) have shut in the month of October 2018 alone.

Primera Air was the first shut on 2 Oct 2018 in Denmark along with a subsidiary in Latvia. They had a fleet of 7 planes serving 41 destinations operating since 2003.

Primera Air Shuts Down, Ceases Operations, Strands Customers and Employees

Second one to collapse was a small airline with 2 planes operating since 2009 in Birmingham, UK on 12 Oct 2018.

Abraaj: WSJ Breaks Major News On World's Largest Private Equity Insolvency - Arif Naqvi Took Hundreds of Millions of Dollars For Himself, His Son & His Beautiful Ex-Assistant!

We had warned in early Feb 2018 when WSJ broke the fraud story of Abraaj and then on June 5th 2018, we again warned that Abraaj will be liquidated which happened weeks thereafter.

Deloitte had warned prior to June 2018 that there are "discrepancies".

Regulators around the world are actively investigating the complex global fraud. US, UK, Singapore, Cayman Islands and DIFC regulators are all investigating Abraaj.

Here is our viewpoint from 5 June 2018:

Abraaj Capital of DIFC: How 16 years of success, collapsed in less than 5 months!

One of Africa's Top Billionaires Has Been Kidnapped Sending Shockwaves Across Tanzania

One of the biggest billionaires of Tanzania has been kidnapped and thus far he is missing.

There have been several high profile cases like this across Africa just in 2018 for kidnappings but many have been of gun shots and robberies across South Africa and other parts of Africa randomly.

The world is getting nastier out there. Be safe!👍

Gunmen snatch Africa's youngest billionaire from busy street in Tanzania

Mo Dewji becomes Africa’s sixth billionaire to be abducted in 2018

As on date, 15th October 2018, there is no trace yet of the billionaire from Dar es Salaam.

Saudi Standoff Could Lead To Pricing of Oil in Chinese Yuan Eroding US Dollar Superpower Status!

The current global standoff between Saudi Arabia and the western world due to the presumed death (disappearance?) or missing status of Jamal Khashoggi (Washington Post journalist, Saudi citizen, US Permanent Resident) has all the elements of intrigue and mystery. 

This standoff is linked to pricing of oil in USD versus Yuan, infighting of Saudi elites, 9/11 attack court cases seeking compensation from Saudis, US politics/superpower status, global military sales, multi billion dollar investments, skirmishes with regional powers like Iran/Turkey and many other top most global geo political concerns. 

Major US and UK corporations have pulled out of the Oct 23rd 2018 Saudi conference on the future vision of Saudi. Markets have tumbled, currencies and capital outflows are under pressure. 

A BIG Thank You To All Our Valued Readers & Supporters!

Last few days has been overwhelming due to support from all our valued readers and this is a special post to thank each one of you.

We have received so many comments - for which we thank everyone who did so.

We have received so many emails from strangers (who are now friends) - you know who you all are - asking for guidance, thanking us, discussing ideas and asking our opinion on variety of matters - for which we thank you all.

We have received various donations for the information/guidance received from our blog - for which we thank all those who donated. 

We wish to thank every single person who took the time to visit our blog.

Second Largest Mall of Canada Is A Ghost Town As Another Sign of Canadian Zombie Economy Emerges

Canadian economy is gradually falling apart.

The low prices of commodities are hurting Canada, Trump is reducing investments and encouraging car and other American factories to move back to USA, oil price was at it's lowest for over 4 years and even today around USD 80 is about 35%-40% below the highs of 2014, Canadian Loonie is at 0.77 cent, it peaked in 2012 around 1.02 and has been declining ever since.

Now the hottest news in Canada this weekend:

Second largest mall of Canada is a ghost town!

Entire GCC Crumbles Like A Pack of Cards: 19 Banks Merge, Etihad Can't Pay Back Debt, Saudi Contractor Can't Pay Salaries, UAE/Saudi Halt 3 Projects of $243 Billion, $11 Billion Bail Out For Bahrain & Jordan

We have been warning our clients and investors about the complete collapse of GCC since 2015.

Thousands of businessmen across GCC have gone into turmoil ever since, property prices have collapsed and thousands are in jail or have run away or are involved in multiple litigation while Govt's are not making payments leading to freezing of thousands of business.

Trump is openly humiliating and challenging Saudi, Etihad is at the verge of a slow death like collapse and bailouts of large corporations and entire countries are in full swing.

Last week, we elaborated how bad things were in the UAE.

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

In all, at least 19 major banks have merged across GCC within the last 12 months approx.:

Trump Humiliates Saudi King In Fight Over US Dollar Hegemony; Issues Warning To Saudis Saying "Who Knows What Will Happen"

We have been warning since 2015 about Saudis to remain under tremendous pressure.

Trump has been calling for lower oil price without any impact on anybody over the last month.

Saudis have run out of money, are borrowing funds which is blasphemy, selling assets, ejecting expats, cutting subsidies, hiking tariffs by doubling or tripling on water and electricity, opening up their economy, trying to diversify, reducing religious barriers etc.

But more importantly, Saudis are meeting with Russians and the Chinese.

Russians are building nuclear plants in Saudi while Saudi handed USD 10b to Russians for investment last year. 

India Is Having a Lehman Moment!

IL&FS company in India is having debt of USD 12.6b and is about to collapse.

"Rescuing IL&FS group, which has total debt of $12.6 billion -- 61 percent in the form of loans from financial institutions -- is vital for authorities to stem the risk of default spreading to other lenders in the world’s fastest-growing major economy."

India Seizes Control of Indebted Lender in Surprise Move

This is one of a series of massive scams under PM Modi's guidance where tax payers money of India has been looted and stuffed into the pockets of crony billionaires.

The audit committee Chairman and the first independent director of this project in Gujarat himself has filed a public interest litigation to uncover the fraud.