The word amongst the real estate locals is that low level Russian Oligarchs have been laundering money in the Dubai property market. Russian prostitutes are all over the town. Lord Rothschild was here last month with Gordon Brown for meetings with banking authorities under the cover of global crisis financial talks.
The World Bank has pumped $250 billion in loans into the Dubai. Why? The main gold and silver trading exchange is soon tipped to move from the COMEX to the local Dubai exchange currently being set up.
The Emire of Dubai has said he doesn't want a middle class. They can all leave. He only wants monied elites. He made this statement in a BBC interview. They locals are fully aware of his plan.
Dubai The New Switzerland For The Elite
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