Mar 13 • General discussion
Dubai is dead, Long live Dubai
This is pure speculation but here is one possible outcome in the GCC
- Iran causes global energy, financial and food (and water in GCC) crisis
- USA financial crisis follows
- During the war, GCC states are brought to their knees, food and water crisis + security drives many people and businesses away
- USA is forced to vacate their military bases and commercial military agreements with all gulf states
- GCC real estate crashes badly, people race for the exits
- GCC is depressed for 1-10 years
but then after....
- the USA and allies lose the war badly, Trump does a TACO and finds an off ramp
- GCC states realign with Russia and or China for both military protection, arms and trade
- GCC states make deals with Iran for passage of Hormuz and also increased commercial trade
- PetroYuan gains some initial traction
- China and Russia are major winners, not only in the region but on global stage and power
Then some of GCC will have a chance of re-emerging from the ashes
In the meantime, Hong Kong and Singapore become increasingly attractive as the global finance and wealth hubs.. and switzerland will gain as well.
What do you think ?
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Dubai is dead, Long live Dubai
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