Max Keiser Keiser on Dubai Keiser report Dubai debt crisis second wave crisis markets slump market jitters financial turmoil back RT Wall Street dollar death dollar demise
Fresh fears over the size of Dubai's debt have sent shock waves through international markets, with major stocks and oil prices falling sharply. Dubai World, the country's largest conglomerate, wants to suspend payment on its sixty billion dollar debts until next May at the earliest. RT's financial contributor Max Keiser says the World is entering the Phase Two of the global economic crisis.
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