Reborn Dubai As A Prince

This gunpowder-flavored decision-making meeting did not break out in the end. Ahmed and Prince Khalid, who are very important in the royal family, both chose to side with the prince, and the opinions of the rest were weak.

Sheikh cleverly used the new regulations he promulgated to restrict, and both sides still had a step down, so that after the meeting, everyone still said goodbye with a smile on their faces.

The acting chief temporarily suppressed all objections.

His excellent assistant, McGidd, made the Propaganda Department his personal propaganda machine, and all news and information that contradicted his point of view were all discarded.

Regarding his decision and economic conservative strategy, the media has written a lot about it, and it has been singing well—the power of the media to control speech has begun to appear.

The voice of the country and the fishing boats are completely at his mercy.

McGidd taught him a good lesson. The prince also accepted interviews with Gulf News, BBC and CNN, expressing his pessimism about the current economy.

The prince's theory of consistent collapse has once again spread to European and American countries, but compared to the last time when many people opposed and sneered at him, this time, some people began to calm down and think about his arguments.

Some people put aside their colored glasses on age and foreigner status, and the prince quoted a classic sentence: "When the sea water recedes, you can see who went into the water without pants."

On the other side of the world, the United States has a heavyweight who agrees with him this time. He is Warren Buffett, who is known as the god of stocks and ranks second in wealth in the United States.

Buffett also expressed concern: "For some large financial institutions in the United States, I can no longer evaluate them optimistically. "Things may evolve into an uncontrollable bad situation."

Buffett has expressed his agreement with the prince's views in some media and occasions, and he even sent an invitation through the media to have lunch with the prince.

People in the financial and social fields were shocked!

I heard that Buffett took the initiative to invite the prince of Dubai to dinner? Is this still the stock god who wants to have a meal with him and asks for millions of dollars?

Now that the old man takes the initiative to invite each other, people don't think it's just as simple as having a meal. The two people agree on the core exchange of economic topics.

There are people who dare to criticize the prince, but there are not many people who dare to underestimate the stock god!

After all, a stock god is a stock god. In his previous life, Buffett made tens of billions of dollars in the financial crisis, so he showed face and attended the meeting grandly.

Yet even under these circumstances, there is a group of people on Wall Street who remain stubborn.

The spokesperson of Bear Stearns, the fifth largest investment bank in the United States, also stood up and said: "We think the fund's investment portfolio is good, and we can easily survive the market returning to normal.

"Our strategy is also very correct. For the small amount of bad debts caused by today's subprime debt, it is beneficial to best protect the long-term interests of investors by adopting the suspension of redemption."

The prince dismissed their point of view: "Facts will prove that Bear Stearns' words turned out to be nothing more than illusory imaginations, and the foundation they stopped redemption suffered a catastrophe, and it itself could not escape."

During the dinner with Buffett in New York, the prince made a bold prediction. Although he was facing the famous stock god, the prince was not at all afraid. You are a stock god, but I am still a time traveler!

The development of history is surprisingly consistent with the memory, and a small amount of difference is also in time. For example, the crisis came earlier, and the capital operation before the crisis was even larger.

This means that the impact of this crisis will be even more serious... After all, it was he who provoked it in the first place. The bet against the bank was too fierce, which attracted other capital predators to participate.

It's all my own fault in the end.

But Americans don’t make money for nothing, and he is not the Holy Father and the Holy Mother... Buffett is not too opposed to the prince’s always pungent remarks, but he doesn’t think it will be so scary either.

The stock god said: "As long as the situation changes, the Federal Reserve will cooperate with the central banks of other countries to cool down. Cutting interest rates and releasing funds will help control the destructive power of this crisis."

Sheikh disagreed: "History is always strikingly similar, no matter from the Great Depression in the last century or the bursting of the US real estate bull market in 1987, there are such optimistic voices

Buffett smiled, what a single-minded young man: "You're sure."

Xie He is determined to pretend to be in front of the stock god: "I am not blindly confident. The inference is based on countless data and team calculations. Every word of mine is supported by numbers. w

Buffett is still laughing: "If your inferences are all successful, I will bet on you, the emerging stock god in the Middle East, for the next business."

"No no." Xie He shook his head, "I don't want to follow your old path, and I'm not a stock god. Everything I do is to make money, so just follow the name of the Celestial Dynasty and call me 'God of Wealth'.

"Hahaha." It's been a long time since Buffett smiled so happily. He's such a confident young man with a strong mind. It's interesting.

But soon, Buffett's smile no longer had the meaning of ridicule.

Because after short-term fermentation, the subprime mortgage crisis in the United States began to spread in an all-round way, and related securities mortgaged by subprime mortgages also suffered disaster.

Suddenly one day, the American Home Mortgage Corporation declared bankruptcy.

Another day, Nationwide Financial Corporation, America's No. 1 provider of commercial mortgage loans, was on the verge of bankruptcy.

The head of the Federal Reserve, Alan Greenspan, publicly admitted for the first time that there is a bubble in the U.S. housing market, and 533 warned that U.S. housing prices may exceed expectations, and there will be double-digit declines!

On the other side of the ocean, there was a run on depositors at Northenbeck Bank in the UK, and depositors lined up to withdraw money from their bank cards!

Swiss banks were also affected by bad debts, real estate in Britain, Spain, Ireland, and France fell into a downturn, and public tension spread.

The Federal Reserve and other Western central banks began to take joint action to save the market.

However, a large number of bad debts formed by subprime mortgages all surfaced, and the securities based on these subprime mortgages also depreciated sharply.

From Citigroup in the United States to Deutsche Bank in Germany, from HSBC in the UK to UBS in Switzerland, investment banks, insurance companies, and hedge funds all over the world have discovered in horror——

In my investment portfolio, I actually hold a large amount of subprime mortgage-backed securities! Under the current market environment, this is undoubtedly equivalent to holding a time bomb in my arms!

"Ruined!"

"End of the world!"

This is the inner portrayal of quite a few practitioners. The scalp-numbing bad debts have swept across the United States uncontrollably and blown to Europe. The irreversible situation is rapidly collapsing!

Under the prediction of the collapse of the Prince of Dubai and a few bankers, this economic crisis not only swept across the United States, but also spread to the whole world, broke out in an all-round way!