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[–] 14325037? ago 

Hugely significant, hadn't heard any of this. Etihad turning into a budget airline, closing its First Class and business class lounges in London. That's big news. GCC in meltdown. Saudi-sponsored terrorism coming to its own door. Karma's a bitch.

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[–] 14324126? ago 

Sounds like they are just creating more TBTF banks.

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[–] 14323270? ago 

Math matters

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[–] 14325019? 0 points 1 point (+1|-0) ago 

For those like me who have never heard of GCC, it is the Gulf Cooperation Council, I believe..

https://en.m.wikipedia.org/wiki/Gulf_Cooperation_Council

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[–] 14322595? 0 points 1 point (+1|-0) ago 

«There are almost no solutions to the problems of the GCC because they are so acute and almost all are self created. They cannot print money nor borrow more and don't have much cash to pay for all their margin calls either.

The house of cards is crumbling down faster and faster in 2018 across GCC and proving us correct in our prediction for every year about the GCC since 2015.

We can only warn everyone that the worst is yet to come.»

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[–] 14322527? 0 points 2 points (+2|-0) ago 

Interesting - another example of something I didn't know was happening. Thank you for posting!

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[–] 14322333? 0 points 3 points (+3|-0) ago 

Oil will be the modern day equivalent of the buggy whip/ whale oil when free energy tech hits the market. Back to living on sand dunes in tents for the Middle East.