Dubai has defaulted on their country’s debt

CR Daily News Prediction© GLOBAL ECONOMY (Predicted Nov. 29, 2009)

GLOBAL ECONOMY – Predictions from Higher Intelligence- “The announcement by Dubai World last week where they wanted a 6 month postponement on payment should be considered a default on their debt. The United Arab Emirates will come to their rescue and try to lessen the exposure that Dubai has to European banks and investors.”

Commentary through the Mediums: This default by Dubai World should be seen as another indicator of how fragile the world’s economy is and how it could crumble at any time.

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