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Emperor said:Quote:
boytronic said:
Do these wealthy Arabs have nothing better to do with their time? <grin>
They actually do. Times have changed since the industrial revolution and WW2. The United Kingdom no longer has any form of export industry. Nothing is manufactured here and all the British car manufacturers are owned by foreign investors. Because of this the value of the pound is depreciating. Britain practically has nothing speaking for itself expect a high standard of living which is falling with the inflation driving prices up here in London.
The vast majority of extraordinary properties in London priced at Pounds40 million and above are owned by Russians and Arabs. Ultra wealthy UK citizens are a minority. There is Richard Branson but he's not on the same level as the oil tycoons from Russia and UAE who have pockets deep as the pacific ocean.
If you don't haven't read about it yet, Richard Branson is conteplating a purschase of Gatwick airport which is the second largest airport in London. Obviously he doesn't have the economic power to shell out the Pounds2 billion pounds asked for it, which is why he is looking to include group of buyers from the Middle East, probably from UAE. What interesting in this is that Gatwick airport is the base for Emirate Airline and I'm sure that Mubadala investment firm would be interested in getting a cake of the airport. If they do it is likely that they would make sure that no other than the aircraft fuel from their customers is supplied at the airport. The economic power they have is immense.
Just like someone just mentioned in the thread a 32 years old guy from Abu Dhabi just purchased Manchester City. My jaw dropped when I found out he also ownd eXcel. Investors from UAE already own Barney's in New York, the Chrysler building and a vast of other properties around Paris, London and NY. Further more they own 5% of Ferrari and also a stake in Mclaren, not to mention a respectable chunk of Marilyn Lynch.
These guys are playing Monopoly while they are strolling around in their cars around Harrods. Very smart people with tons of money. Heck Harrods is owned by an Arab who used to work for the Sultan of Brunei. Arabs practically own London. We're entering a new era where China, Russia and UAE are the new super powers.
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RRS said:
http://www.uaetorture.com/
super power indeed again my ass
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LondonGuy said:
Emperor - please stop spreading disinformation about the UK.
"Nothing is manufactured here".
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janus said:
OK, please stop posting all this FUD in this thread.
We get it, you LOVE you country...
Get over the fact that not everybody have to agree how you think... you'll be much happier
Nov 24, 2008 12:40:43 PM
morbid fascination with an ex-imperial power is what subconsciously drives the majority of money from the G.C.C to show off at the doorstep of their formal colonial masters. It's just culture, maybe different, but still culture. Of coarse posing is another reason, but then again, it's not posing if you feel like it's your right to
notice how kuwaiti's have the least amount of cars. thats because theyve had more of an American influence traditionally.
I have now glue how and why they bring there cars to Europe. But -
Somehow, I see this cars more often standing around instead of driving. I'm frequent in Munich and my Hotel is full of this Summer-Vacationers. But - to be honest their cars are always standing in front of the hotel (no not in the need, warm and safe garage). And - if this people are getting out, I always see them taking cabs or private limousine service?
Might it be that this is kind of "who has the longest" show-off?