(Due to heavy Foreign Investment and cheap labor,
why some people believe that, “TORONTO IS
THE NEW DUBAI")
IN DUBAI:
"’Nakheel, Emaar, Damac
and other developers have almost announced bankruptcy, my future depends on
them since my company supplies these companies.
Now I am out of money and warehouses are full of stock’. Dubai is in big trouble. When you consider
that Dubai has not financed all the development in its country out of its own
pocket (hence the slow down) you realize that foreign investment plays a big
part in Dubai's development. “Sama
Dubai, which is part of Dubai Holdings and Government owned has
closed its doors - in fact they won't even answer the phone anymore! I've been
waiting for an article in the paper to announce the cancellation of all their
projects but of course that will never come since it’s a Government owned
company and the papers are censored. Dubai has been designed, built, and in
many cases financed by foreigners”
Builder Hastie collapses, risking 2,000 jobs in Middle East
http://www.thenational.ae/business/industry-insights/property/builder-hastie-collapses-risking-2-000-jobs-in-middle-east
DUBAI -A morally bankrupt dictatorship
built by slave labor
http://www.independent.co.uk/voices/commentators/johann-hari/johann-hari-a-morally-bankrupt-dictatorship-built-by-slave-labour-1828754.html
Why Dubai’s problem relates to TORONO:
ELLIS DON (Ellis Don is an employee-owned
global construction services company headquartered in Mississauga, Ontario,
Canada. It maintains offices throughout Canada and two in the United Arab
Emirates, and also operates in the United States and the West Indies).
"In
the brutal Canadian construction recession of the early nineties, Ellis Don
very nearly went bankrupt” (This "RECESSION" is worse than in 1992. In order to save the company during the
RECESSION OF THE 1990’s, Ellis Don LIQUIDATED much of their assets.
A SIMILAR TREND CAN HAPPEN IF THE HOUSING BUBBLE AND CONDO BUBBLES BURST
TODAY with Ellis Don again being forced to liquidate much of their assets in
order to save the company).
Alleged price-fixing at G.T.A construction companies:
http://www.thestar.com/news/crime/2013/01/31/alleged_pricefixing_at_gta_construction_companies.html
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