Max Keiser: “Tsunami alert” – Dubai debt crisis awakes storm

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Fresh fears about the size of Dubai’s debt have sent shock waves through international markets, with major stocks and oil prices falling sharply. Dubai World, the country’s largest conglomerate, wants to suspend payment on its sixty billion dollar debts until next May at the earliest. Interviewed by Russia Today, Max Keiser says the world is entering Phase Two of the global economic crisis.

Source: Russia Today (via YouTube), November 27, 2009.

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