Why Are Dubai Residents of Exclusive Emirates Hills, Posh Jumeirah & Man Made Palm Jumeirah Island Sitting In Jail Cells of London, NY & New Delhi?

Less than 3 months ago, under a secret mission, 2 wanted financial absconders in India were "picked up" from Dubai and flown in a Govt plane to one of the harshest jails of India.

Most of the information is only available in Indian media because for the first time, no laws of India or UAE were followed and these 2 persons were picked up from their multi million dollar homes in Dubai and within hours were sitting inside the infamous Tihar jail of New Delhi.

"The ED (Enforcement Directorate) had summoned Rajeev Saxena, a resident of Palm Jumeirah in Dubai, multiple times in the case and had arrested his wife Shivani Saxena from the Chennai airport in July, 2017. She is now out on bail. 

Why Are So Many Board Members, CFO's & CEO's Resigning From Top Most Companies In UAE?

Starting with EMAAR Developer, Founder and Chairman,  Mohammed Alabbar, who has resigned from the Board of Aramex (a large courier company in the Middle East, based in Dubai and listed on DFM,  with 13,800 employees in 54 countries) there is a long list of recent resignations across top most companies in the UAE.

"Another board member, Christine Holgate - who represents the Australia Post Transaction Services Pty Ltd - resigned from Aramex's board as of April 10.

Last month, Australia Post sold a 10 percent stake in Aramex for $164 million, according to a DFM filing."

Third Abraaj Executive Arrested By The US Govt Which Dubai Failed To Do

Photo Credit: Twitter account of Abraaj Group

We have warned since last year that anyone associated with Abraaj fraud will get arrested.

They can run but they can't hide.

Now, the 3rd top employee of Abraaj has been arrested, Sev Vettivetpillai.

Here is our warning from just last week:

"Arif and most Abraaj employees have left Dubai and resigned from Abraaj but the ghosts of their past misdeeds are definitely not behind them and they will end up being banned, or go to jail or be thrown out of their new jobs wherever in the world they maybe because the investigations are still ongoing in a dozen countries."

India's Jet Airways Ends Operations As We Had Predicted In Aug 2018

Back in Aug 2018, when almost no one had a clue whether a top Indian airline would shut down, we had made our bold prediction that one airline will shut and our hint was towards Jet Airways because they were the only ones to default on their debt.

Ever since that day, Jet Airways has juggled from one public crisis to another and finally, right during the general elections of India being held since 11 Apr until 23 May (when the results shall be announced), Jet Airways has collapsed!

Knowing what we know about the company and how India works, it went exactly as we had predicted.

US Govt Arrests Abraaj Founder & Ex-CEO - Arif Naqvi & Managing Partner & Head of Private Equity - Mustafa Abdel-Wadood For Fraud & Stealing Investor Funds Via DIFC, Dubai Based Abraaj Group

The saga of Abraaj fraud stumbled out of the closet in Feb 2018 when their crimes were first uncovered.

When we restarted this blog in June 2018, the first few days were electric. 

Saudi and UAE had signed a very wide ranging bilateral agreement thus almost demolishing the 6 nation GCC agreement.

And Abraaj had announced that it may file for liquidation due to approx. USD 1 billion in outstanding debt, an unknown amount in missing funds and commingling of funds on top of everything.

7 More UAE Banks To Merge While Abu Dhabi Struggles For Cash, Qatar Sues FAB & SAMBA Banks Plus Dubai Arrests Expats For Silly Facebook Posts

Bank after bank is collapsing (oops, merging) in UAE.

We have predicted since last year that most banks will fail in UAE as well as across GCC. 

At this point we do not even wish to count how many mergers or branch closures or job cuts are going on.

This week alone news has appeared about 7 different banks across UAE who are going to merge in the next few months.

Saudi Arabia, Once Again, Threatens USA To Sell Oil In "Other Currencies" Like Chinese Yuan: Analysis & Impact

The first time we argued about the rising animosity between Saudi and USA was in Dec 2014.

This chart is from the advisory that we had prepared for our clients back in Dec 2014.

This chart shows when America began producing more oil than Saudi Arabia in 2014 after 22 years.

Ever since, Saudi has struggled in it's oil sales, has run out cash, is busy selling it's top most companies, has run 6 years of budget deficit while borrowing tens of billions every year, passed new taxes and fines, removed subsidies on petrol, water, electricity bills, deported millions of expats, has arrested thousands of Saudis and taken their trillions, major companies like Saudi Oger have collapsed, large banks are merging and thousands of small businesses have shut etc.

Your Opinion Counts: Feedback & Survey For Redesigning This Blog

Credit: www.goodfirms.co

We shall be redesigning this blog.

Besides a refresh, one change will be that we wish to make it a paid members only blog.

We intend to charge as following:

Monthly: USD 5 per month (one time or recurring option to pay every month shall be made available)

Quarterly payment: USD 12 per quarter (20% discount from monthly payment option).

UAE: An Article In Gulf News, Emirates Group Chairman & ENBD CEO Hint That UAE May Finally Need To Depeg It's Currency From The USD, 5 Star Grand Hyatt Hotel Shuts Down In Abu Dhabi, Saudi & Abu Dhabi Both Raising A Lot of Debt As They Run Short On Cash

We have predicted since 2015 and debated it many a times that UAE (and Saudi) do not have a choice but need to depeg or repeg their currencies during or after 2018.

Many economists, media commentators, businessmen and others have debated with us that it can not happen. 

But we have remained stedfast in our views because we know how bankrupt both UAE and Saudi have become after the longest, continuous and most sustained decline in the price of oil since 2014, in history.

Trump came to Saudi that resulted in the arrest of thousands of royal family members in Saudi and curtailment of their powers and taking away almost all their wealth.

Now, for the very first time, a media article has appeared on 30 Mar 2019 on a quiet Saturday afternoon in Gulf News which is a Govt mouthpiece targeted in particular to the expats suggesting that UAE may need to depeg their currency, the dirham, from the USD.

Malaysian Economy Is Grinding To A Halt, Future Is Even Worse Due to Anti China Stance, Scams, Loss Making Sovereign Fund Having A Fire Sale Of Assets, Shutting Businesses, Dropping Real Estate, Declining Tourism, Closing Hotels, Declining Govt Spending, Declining Expat Population...& An About To Shut Down National Airline

USD-MYR Exchange Rate, 2009-2019

The sheer number of scams and business closures coming out of Malaysia over the last several years, a nation of less 32 million is shocking.

The scandal of ex Malaysian PM Najib has brought global embarrassment and massive losses for all Malaysians.

Over half a dozen countries plus the corrupt enabler Goldman Sachs were involved in siphoning off of tens of billions of dollars from the Malaysian Treasury into the pockets of Goldman Sachs and billions into the pockets of many people but most of all the ex Malaysian PM Najib himself.

This Is What The Wealthy Are Acquiring As A Status Symbol & We Can Help

We have advised our clients for about a decade on the benefits of having a second citizenship.

We have taken advantage of the inexpensive yet lifelong Permanent Residency (PR) card of Singapore that did not even require a stay in Singapore until Dec 2011 for a few of our clients.

We have also taken advantage of discounts of Caribbean countries who offer 50% discounts on donations to the Govt.

We have also advised again and again that these passports will all be shut down so the best time to acquire them is NOW, subject to whatever is still available.

Philippines: One of The Only Rising Real Estate Market Opportunity In The World: Some Investment Ideas

Cebu City

We have advised on this blog since last year (and since 2015 to our clients) that the only rising real estate market is in the Philippines, aside from China.

We have mentioned since last year that Chinese are coming in hundreds and thousands to Philippines and whoever wishes to invest must do it now. It's still not too late.

Based on our on the ground research and from our network, we had mentioned about the Chinese previously.

Now newspaper articles are coming with data.

Etihad Airline's Ongoing Collapse Is Bankrupting Jet Airways Who Has Halted All Flights To Abu Dhabi Today & Forced To Ground Half Their Fleet In India, Qatar Banned FAB, Largest Bank of UAE, More Banking Mergers, Bailouts & Closures Expected In UAE & At Least 35 Airlines Have Stopped Coming To Dubai

Jet Airways of India is in the throes of death due to the 24% stake held by Etihad Airlines and various other reasons.

We had warned on 14 Aug 2018, that 1 Indian airline may go bankrupt and our bet was on Jet Airways. 

Due to all the politics and reality behind the scenes and the massive losses due to loans given by Indian Govt owned banks, somehow this airline has continued to remain alive so far but we give it no more than a few months before it will shut down.

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

34,000 Singaporeans Set To Lose 90% Of Their Savings With Hyflux Desalination Plant Investment & Singapore Airlines (along with dozens globally) Forced To Halt Boeing 737 MAX Planes & Some Suggestions For Singapore

We were not aware of this fiasco until today when it is making headline news in Singapore and around the world.

A new desalination and power plant in Singapore was projected to give 6% returns p.a. almost into perpetuity with highly risky junior debt totalling SGD 900m raised from 34,000 Singaporeans with the tacit support of the Govt.

There have been problems brewing with Hyflux for well over a year now.

They have tried to sell a plant, have defaulted in their commitments to the Singapore water agency PUB who has even served a notice of take over.

Singapore: An Economy In Terminal Decline

Courtesy: Getty Images

Over the last few years, Singaporean economy has been gradually declining due to money laundering being caught in banks, tax amnesties drawing billions back to various nations like China, Indonesia, Pakistan, India (soon Philippines will launch it's own tax amnesty), tightening immigration policies, decline in work permits for expats, super high cost of living, declining tourism and investors, banks closing or laying off in thousands each, retail stores closing and so much more.

On top of everything, Singapore has an anti China stance and has reduced immigration and work permits and reduced their connectivity with China.

Canadian & American Economies Are Being Torn Apart By Trump's Tariff Tantrums, His Disrespect For Diplomacy & His Intransigent Attitude

On this very blog since last year, we have advised the US Govt (and Canadian Govt for supporting the US stand against China) to change their views and reverse all their silly trade tariffs against China and stop all animosity in their dealings with China.

However, they refuse to listen to us.

Therefore, the Canadian and American businesses, citizens, employees etc (which is the entire American nation and the Canadian nation) are paying a heavy price for the completely avoidable silliness of US President Donald Trump.

Interested To Invest In An Innovative, Futuristic Company?

We are currently raising funds for a company that is highly innovative.

It is able to provide a 3D geo-location using a mesh network that does not use existing infrastructure.

For the very first time, we will have "3D mapped geo-location live movement tracking" available only through this company, thanks to patents registered in several countries including 2 registered patents so far, in the USA.

It is a very interesting technology that is being well received and is currently doing pilot demonstrations and agreements with some of the largest companies in the world plus Govt's and real estate companies etc. 

Dubai : Major Article By Forbes Magazine Writer Suggesting That Dubai Will Sink; High Debt, Oil Crisis, Closing Businesses & Rapidly Dropping Property Prices will Sink the City, S&P Says Further Real Estate Price Drops Until 2021 Yet To Come

About 3.5 years ago, in June 2015, we had forecasted that Dubai will have a complete and total meltdown.

A few others have kind of agreed along the way since last year but no one has been as bold as us in their prediction and now the facts are all around us to verify our original prediction.

For the first time, a major global magazine has authored an article that entire city of Dubai could sink.

The below warning at the end of this must read article is quite ominous and correct.

"In other words, unless something changes to help Dubai's economy, the debt problems could sink the city."

JP Morgan: America's Largest Bank: Thy Name Is The Definition Of Duplicity & Hypocrisy

Almost no one trusts bankers in today's world especially the ones working within the banks currently, over the last few years. 

Let's analyze based on information within the last 30 days why JP Morgan, America's largest bank, is the very definition of duplicity, deceit and hypocrisy, almost to the level of cheating and criminal activity.

Last month on 4th of Feb 2019, JP Morgan released a research report for their clients suggesting the following for China's economy:

This Blog & My Profile Gets Reviewed By A Popular YouTube Vlogger & A Personal Branding Strategist

It is with pleasure that I can report that this blog and my profile have been highlighted and reviewed by a prominent Youtube vlogger.

His name is Loy Machedo and he makes regular videos about various news and has quite a fan following from a global multi cultural audience. 

I heartily thank Loy Machedo for making a video about my previous post on the Canadian economy as well as sharing this blog with his followers.

He has more than 23,000 subscribers as on date and his followers are rising rapidly whereby he receives thousands of views on each of his video.

I am humbled by this review and it endorses that many people are following this blog.

Why Does Trump Want To Destroy America?

Credit: Berkeley Political Review, Curtis Wang, 01/25/2019

We had warned in June & Sept of 2018, that the US economy will get severely damaged if President Trump does not back off from his wrong position on tariffs and trade wars.

Here are our warnings of a US economic collapse dated Sept 2018 as well June 2018.

We were among the very first to warn of the damage caused due to tariffs that shall be felt around the world but mostly on the US economy, US businesses, US employees etc unless Trump backs off.

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

22 Sep 2018: Trump’s Trade Tantrums Are Further Weakening An Already Declining America     

Trump has backed off both on the Mexico border wall funding as well as keeps delaying his own timelines for a China trade deal. Because he eventually always turns out to be wrong in his assessments and then needs to back off.

Canadian Economy Continues To Plunge: HBC To Shutter All Home Outfitters Stores, Payless & Gymboree To Shut All Stores, Real Estate Continues It's Decline, GM Plant & Cathay Pacific Also Closing, It's Raining Job Cuts

We had warned back on 6 Oct 2018, that Canadian zombie economy will worsen.

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

Things have become much worse than just a few months ago.

One of the oldest Canadian company HBC has announced that they will shut all their 37 Home Outfitters stores as well as review and possibly shut several Saks Fifth Avenue stores.

GCC Crumbles, Part 2: Emirates & Etihad Cancel World's Largest Plane Orders, Emaar & Nakheel Couldn't Issue New Bonds, An Abu Dhabi Bank Searches For A Merger Suitor, Major Companies Have Losses, Six Flags Theme Park Project In Dubai Shelved, Dubai & Abu Dhabi Sell Assets For Cash & Abu Dhabi Sues Goldman Sachs, Real Estate, Trade & Hotels Continue Declines For The 5th Year & Could Saudi Agree To Accept Yuan For Oil This Week?

It's been more than 4 months since we predicted that the entire GCC will crumble.

Oh boy, were we spot on! Let's evaluate.

5 Oct 2018: 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    

This week, both Emirates and Etihad have simultaneously cancelled their hitherto, world's largest orders for planes. 

Emirates alone has cancelled 39 A-380 plane orders (though replaced with an "order" in the future for approx 90 other Airbus planes), cancellations were valued at approx. USD 17.3 billion.

Visit To Singapore On 19 & 20 Feb

I shall be on a quick visit to Singapore for client meetings next week.

If anyone will be in Singapore or is based in Singapore who may be interested to meet to discuss any of the following as part of the multi family office offering:

Enhanced Due Diligence For Any Foreign Company Planning To Invest In India & Bank of Singapore Private Bank Enters India (Where Almost No Foreign Financial Institution Has Succeeded Before)

Bank of Singapore is starting a partnership with Edelweiss Group in India.

The statement contained in this article is misleading that BoS is the first foreign private bank to start an arrangement with an Indian wealth management firm.

I was responsible for the start up of Axis Private Bank in DIFC, Dubai in the very first relationship that an Indian financial institution ever had with a foreign private bank (Banque Privee Edmund de Rothschild from Luxembourg, bank established in 1923). 

We had operations in India, Singapore, HK and Dubai under that partnership from 2008.

Aside from the misleading statement, we give this newly formed partnership no longer than 5 years before they wind up.

Citizenships Being Revoked & Second Passports Will Shut Or Become Much Harder To Get

We have advised our clients since at least 2010 on the advantages of having alternate citizenships or the benefits of second passports.

In 2011, we obtained several PR (Permanent Residency) cards for our clients just before Singapore citizenship section advised us that effective 2012 the Singapore citizenship process/PR shall become extremely difficult and also cannot be renewed after 5 years if PR is not being used (under new rules effective 2012).

Until 2012, Singapore PR had the benefit that they did not require to be renewed every 5 years and could be held permanently without visiting or living in Singapore. This could have been a "Plan B" for so many more but many were nonchalant at the time.

Australian Real Estate & It's Economy Is Collapsing, Will Turn Australia Into A Slum, According To An Expert On TV

Newspaper Image, 18 Aug 2018, Sydney

We have argued for several years now and advised our clients to sell all real estate wherever they can at least since 2015 and blogged in Aug 2018 and Dec 2018 that Australian real estate along with many other countries (except China and Philippines) will collapse for multiple reasons.

Luxury Global Real Estate Prices In Free Fall Throughout 2018 Except Philippines and China

The No. 1 reason being the lack of jobs.

3 Major Indian Banks : Punjab National Bank, Oriental Bank Of Commerce & Punjab & Sind Bank To Merge In 2019

Bank after bank is collapsing in India.

Like any other Govt, India, too, is trying to hide and delay the inevitable.

In 2017, SBI (India's largest bank) and it's 5 subsidiaries were "merged" to prevent a collapse.

In 2018, 3 more large banks were merged by the Govt., all were Govt owned. Those 3 banks were Bank of Baroda, Dena Bank and Vijaya Bank. 

Over 100 overseas branches were also shut in several countries.

Dubai Bailout Continues: Still Unable To Pay Back 10 Year Old Loan To Abu Dhabi, LayOffs & Lawsuits In UAE

Dubai will never be able to repay the official $20b loan to Abu Dhabi.

Dubai has sold way more assets to Abu Dhabi after 2015 than they ever did in 2009.

This is just a sensational headline and has no material impact but it’s slightly negative since it proves that Dubai has not recovered at all since 2009 and is unable to pay back it’s historical commitments.

Dubai hasn’t paid back any loans of Nakheel and other giants and keeps “restructuring” since 2008.

Now we can add unpaid Abu Dhabi loan to it.

Dubai: 5th Year Into A Decline, Off Plan Properties Drop Another 30% in 2018 & UAE Files Case Against Qatar

Dubai property volume of off plan sales has further dropped 30% in off plan sales in 2018.

Off-plan residential property sales in Dubai fell by 30% in 2018

We are now in the 5th year of a massive, continuos and permanent decline in Dubai real estate.

Since 2017, the media and so called people who understand real estate like Damac Properties or S&P are saying that prices will drop for “next 2 years”.

Again in 2018, they said “next 2 years”.

Now in 2019, they repeat the same “next 2 years”.

Manager Of Dubai Govt Owned DP World Shot Dead In Somalia

DP World of Dubai was banned in Somalia in Mar 2018.

Somalia bans Dubai ports operator DP World, says contract with Somaliland null

They somehow got back in to invest in Berbera port of Somalia in Oct 2018.

DP World launches $442m port expansion in Somaliland

Due to corruption at Govt level causing friction from locals who don’t want their ports, lands and profits to go to another country, they kept warning the manager and employees of DP World for months.

Dubai, UAE: Banks, Trade, Real Estate, Retail, Jobs Continue Their Plunge As We Have Been Guiding Since 2015

As on date, almost all global media is talking of the crisis in Dubai and UAE.

However, we have been calling for this accurately and guiding everyone since 2015.

It kind of feels boring to have predicted all this collapse and chaos since 2015 and watching it occur in real time every single month and year ever since.

Cannabis Sector: Hottest Investment Trend of 2019 & Beyond

We had articulated to invest in Cannabis sector on 27 Aug 2018. Prices have risen but have much more to go.

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

We continue to suggest to invest in this sector.

We hope everyone benefited from our idea to profit since Aug 2018.

Further Dubai Real Estate Decline Ahead; Middle East Banking Mergers Finally Make It To The Global Media; Expat Work Permit Bans Across GCC & Job Cuts

We have been warning for years that bank mergers (and banking job cuts) will occur at a ferocious speed across Middle East.

As we have advised before, global media can only report on past events and not future possibilities.

Bloomberg has today reported exactly what we reported in Oct 2018 and Dec 2018 that 19 banks in the Middle East will merge.

You may read our projection and perspective of 26 Dec 2018 here:

Indian Banking System Continues To Implode: First Ever 3 Bank Merger In India, Is This An Indicator of A Bigger Economic Collapse In India?

Courtesy: Daily Excelsior

It is extremely rare for a triple bank merger to occur anywhere in the world.

It brings back the memories of 2008 when RBS, Fortis and ABN AMRO bank decided to do a triple bank merger. We all know what happened immediately thereafter. 

Not only the 3 banks collapsed and had to be bailed out by their respective Govts but it served as a trigger and an advance warning of euphoria, mis-selling of toxic financial products, debt build up, greed, inability of individual and corporations to meet their loan commitments and ended up as a major global financial crisis causing dozens of major banks to fail worldwide.

536 Year Old Bank Which Is Also The 10th Largest Bank Of Italy Gets A Govt Bail Out

Banca Carige is an ancient Italian bank that was founded 536 years ago in Genoa, Italy in 1483.

They are the 10th largest bank in Italy and have over 529 locations across Italy and approx. 4,600 employees.

They had a loss of EUR 388m in 2017.

Their entire board has resigned and the Govt has taken over in order to prevent an entire banking collapse.

HAPPY NEW YEAR!