Dubai World, the country's largest conglomerate, wants to suspend payment on its 60 Billion dollar debts until May 2010 at the earliest. Is the world is entering the Phase Two of the global economic crisis? It is likely that the US Dollar will be replaced as the Global Reserve Currency.
Saturday, November 28, 2009
Dubai Financial Crisis.
Dubai World, the country's largest conglomerate, wants to suspend payment on its 60 Billion dollar debts until May 2010 at the earliest. Is the world is entering the Phase Two of the global economic crisis? It is likely that the US Dollar will be replaced as the Global Reserve Currency.