As soon as Sheikh spoke, he got straight to the point: "Have you considered that real estate is overdeveloped in Dubai's current economic development?" There are construction sites everywhere, huge investments everywhere, borrowing and borrowing investment funds everywhere. Pen Fun Pavilion www.biquge.info"

Hamdan wondered: "Isn't this a key piece of our rapid development?" ”

"Yes, but these projects with countless investments are difficult to achieve profitability in the short term, and the more we are indebted, the more serious the impact on the external capital market, in case the world economic situation is bad one day, boom!"

The sheikh made an explosive gesture, but Hamdan still didn't believe it: "This kind of concern can exist, but at present, the European and American markets are relatively stable, right?" ”

Hearing this, Xie He knew that his brother didn't understand the situation in front of him, but it was just right, and he was sure to make him stunned.

"No!" Sheikh firmly denied it, "The current European and American economies are definitely unhealthy, the most typical is the United States, I went there last time to inspect it, guess what I saw?" ”

"What do you see?" Hamdan's curiosity rose.

"I see a subprime loan market with no lower limit!"

"The bankers in the United States, in order to make profits, are constantly relaxing the standards for people who are not qualified to take out loans to buy houses, and even the review process of some banks is completely child's play, and the crisis is brewing!"

Hamdan still doesn't quite understand: "It's an American business—"

"But the United States is a hooligan!"

When the Sheikh said this, he patted his thigh excitedly: "The dollar has kidnapped the world, and Dubai is still excessively pegged to the dollar, once the dollar collapses, can we get better?" And it's not the first time it's collapsed! ”

Hamdan began to think, and the Sheikh continued to bombard his thinking: "The decline of the US economy will inevitably affect the world, causing real estate prices to fall sharply, the capital chain to break, and too many engineering projects to stop!" ”

"Dubai is also bound to be hit, our assets will continue to depreciate, and unfortunately, the debt repayment deadline is also coming, but we can't afford it, so what will happen?"

"Bankrupt?" Hamdan finally realized that something was wrong.

"It's bankrupt!" With a slap of the Sheikh's hand, a perfect inference was formed, and it was justified - even if he went to the United States to investigate, it was the time for subprime loan exaggeration.

05-07 was the crazy eve of the subprime mortgage crisis, when loans were exaggerated to the point that anyone with the name of a pet dog could apply for a loan to buy a house.

The Sheikh wants to say that the Americans have played big, but he can't fool around with them!

Hamdan finally did not dare to underestimate the current economic model, of course he knew that Dubai's real estate was indeed overdeveloped, but he did not expect it to be so serious.

He looked at his eldest brother, who was suddenly incomprehensible.

Sheikh said wisely: "Dubai's development cannot be stagnant, but we can stop some unnecessary and risky projects, such as the Palm Island, three is so exaggerated? One miracle is enough! ”

"There is also the World Island, although the concept is amazing, but the investment is too huge, and the current technology cannot guarantee its operation, what if the independent island sinks and the shipping channel is blocked?"

Hamdan could not be calm: "We should let high-risk projects be suspended. ”

"That's what I thought too!" Sheikh thought to himself that he had finally gotten to the point, "But I can't guarantee that I can influence the decision-making team, and I need you for the future of Dubai's prosperity!" ”

This heartfelt sentence made Hamdan also make a choice: "I will support you!" Not only us, but other brothers and sisters should unite and no longer sit idly by and ignore hidden dangers! ”

……

After the boss and the second child reached a consensus, the other members also received invitations.

Hamdan still plays a big role in this, Rashid is usually more impatient, and the brothers are a little afraid to contact him, but the second child is different, and after a reasonable and well-founded remark, the brothers and sisters have expressed their support.

Sheikh set up a temporary action committee to unite these good-looking brothers and sisters and distribute information to them on the economic data they have obtained so far, the defects in the island-building project, and so on.

Amir summed up the conclusions of the data: "Based on the current model of large-scale borrowing development, once it encounters an external crisis, Dubai's economy will generate countless bad debts and is extremely prone to collapse." ”

"I don't dare to say that the situation will definitely get worse, but after many investigations, I think the possibility of a collapse will gradually increase as the U.S. economy becomes more unstable."

The Sheikh then told them: "If Dubai's economy does not develop well, we can only reduce the budget and cut off the heavily indebted industries, and it will be our wallets that will be directly affected!" ”

If the speculation of Dubai's crisis is far away from the aristocracy, and its own finances are implicated, this is the immediate matter that the princes and princesses have to pay attention to.

The Sheikh makes good use of this: as long as it concerns him, everyone will be serious.

He used a large amount of information and evidence to support his unoptimistic speculation: if we don't go together to carry out rectification, everyone will suffer at that time.

The affluent life may be greatly reduced, private jets may not be considered, yachts should be sold, and private estates in Europe will have no money to sustain their prosperity......

Although it is a bit bluffing, the two eldest brothers have said so, especially Hamdan, who is more reliable in the eyes of the brothers and sisters, also firmly supports the Sheikh, and no one dares to take risks.

"So what are we going to do, Brother Rashid?"

"We have to solve the hidden dangers step by step." Sheikh looked at Amir, who opened a file on his computer and projected it.

"The key to the Palm and World Island projects is him – Sutaner bin Saliman, who is close to the royal family and is at the helm of the Palm Group, which is responsible for Dubai's real estate and overseas industrial investments."

When Amir introduced on stage, Sheikh was also recalling in his mind that Sutanr was once the chairman of Dubai World, that is, he led a large-scale project, and was ousted after the crisis.

"In every large-scale project he is responsible for, there are a lot of shady transactions in government grants, land sales, and Dubai loses billions every year because of these corruptions," Amir said. ”

"This should be our family's money!" Sheikh stressed this.

The expressions of the princes and princesses are very ugly, the eldest brother is right! It was originally their family's money, but they, the core of the royal family, couldn't touch half of it, but they were coveted by others?

Intolerable!

"We're going to get him out of power and let our own people come up!"

"This kind of person should go to jail!"

"Big brother, let's take action!"

The princes all looked at the family boss with great indignation, and he nodded solemnly: "In order to save the situation, we are duty-bound, we must unite to regain the core rights belonging to the family and save our Dubai!" ”

The Sheikh directly called them the saviors of Dubai, and the aura of justice couldn't help but inspire the heroic dreams of the young princes, who were afraid that they would be sold and would help them count the money.