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Abu Dhabi & UAE Can Leverage PetroDollars To Profit From Coming Eurocalypse Style Conflagration

Reggie Middleton at the Emirates Palace in Abu Dhabi
The petrodollar rich nation of Abu Dhabi, outside of having an extremely rich and Arabic culture, is in the possession of the unique opportunity to capitalize on the plight of the EU and affected nations of the coming Eurocalypse. Fresh back from my fact finding trip through the UAE, I noticed the MSM had the headline Abu Dhabi Royals Involved in RBS Talks. In short, RBS, the 83% British taxpayer owned debacle of a bank is again in search of capital, but this time shrouded in the haze of the government selling off a portion of its stake at a significant loss.
RBS was heavily levered in rapidly depreciating toxic assets as a result of its ABN Amro purchase, and its executives obviously failed to subscribe to BoomBustBlog, for they took a royal (pun fully intended) Greek bathing on their Greek bond investments. Remember, I warned of an explicit Greek default two years ago and like simple arithmetic dictated, defaults came:
As a matter of fact, I warn those who do not subscribe to the BoomBust, this song is not yet over... Beware The Overly Optimistic Greek Speculators As Icarus Comes Crashing Down To Earth!
That being said, cash rich nations such as the UAE see gold in them thar hills. Personally, I doubt if the hills are made of gold, but there is definitely some gold buried within, even if it is at $1,700 per ounce. I would instruct my clients to go on an asset buying binge from the banks, developers and asset management funds versus attempting to buy the funds directly, or better yet use structured assets to gain exposure to said troubled assets. Many banks, like RBS, will get hit more than once from borrowers such as Greece. As queried many times on this blog, "What do you think, pray tell, happens when the liquidity starved, capital deprived, over leveraged banks fail to roll over all of that underwater EU mortgage debt?"
Investors seeking safety in Germany, the UK and France may truly be in for a rude awakening!
Reggie Middleton Featured in Property EU, one of Europe's leading real estate publications
Those who wish to download the full article in PDF format can do so here: Reggie Middleton on Stagflation, Sovereign Debt and the Potential for bank Failure at the ING ACADEMY-v2.
Go to 14:35 in the following video for one such idea...
Spitting the truth throught the MSM, re: Greece bailouts...
It's not just CRE and RE assets that are available via fire sale, as clearly outlined two years ago in our subscriber (click here to subscribe) report
Greece Public Finances Projections see pages 5 and 6 following...
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The MSM chimed in on this concept two years later... Greece Makes Asset Sales Look Bad, but Are They?
And though all of these countries have felt the heat from the markets, Greece has become almost synonymous with the deep crisis at the heart of the euro zone, which has hollowed out its appeal to investors.
"It is not clear Greece has the luxury of doing anything in an optimal way; they are basically burning the furniture just to get by," Bill Megginson, Professor of Finance at the University of Oklahoma, told Reuters.
"But other countries, especially where the crisis seems to have abated a bit, like Italy and Spain, they could and they probably will." Greece came up with plans for asset sales to convince its lenders it was serious about reforming its uncompetitive economy and also to raise funds to pay down its debt mountain.
But the EU and IMF, which pushed Greece for bolder and more detailed plans as to how it would deliver on its promises, have become increasingly frustrated with the country's repeated failure to meet targets.
Despite a reluctance to sell assets in such poor market conditions, Greece - which aims to raise 19 billion euros ($25 billion) from privatizations by 2015 - has begun ramping up its efforts, including inviting bids for state-owned natural gas company DEPA and the management rights to its Olympic broadcasting complex.
It plans to put stakes in betting monopoly OPAP and refiner Hellenic Petroleumup for sale by May, Greece's chief privatization official said.
But its tight timeframe and ambitious targets, already scaled back from 50 billion euros, suggest it will struggle to meet its price expectations.
Funded by like minded strategic capital sources, there are a plethora of delicious assets for the picking across the EU and UK. Now may be a tad bit premature to jump, but it is a good time to start priming the pump. All who are interested in ideas such as these should feel free to contact me.
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Hi, Reggie. Nice to see you with your pants on. We can tell that you are an American, you are wearing jeans in front of the Palace. Play the Rocky theme song!
The good news is that I found this wonderful 1500sqm seaside villa in Spain for only 100,000 Euro. The bad news is the special VAT is 5 million euros, and the staff wants full health bennies.
Yeah, and some some houses in Detroit can be had for $100 -- if you want one.
I've been in Detroit and I've been in Corfu. I'd much rather be in Corfu.
Reggie, are you buying (into) this mega-tastic opportunity you speaketh fourth/froth of ??
Detroit is a dump (Democrat area)
.and it'll stay a dump despite every socialist program (others money) thrown at it for the past few decades and the next few decades
Socialism Sucks (forever)
So 'no thanks' regards the housing offer
I suppose somebody has to buy the top before Credit Crunch II and the next dip!!
Though it may be a couple of years off, why not get your fingers burned on buying banks toxic assets
Are you buying Reggie?
Why would anyone pay anything for distressed real estate assets anywhere in Europe? They are worthless. Paying a nickel for what should be free is impossible to justify. This is why the central banks are buying this stuff, because nobody in their right mind would do so.
The properties in question were 'in play' due to corruption on the parts of borrowers and lenders: they are poorly located, they cannot be connected to services, are dilapidated or inhabited by squatters or wild animals: returns cannot be earned sufficient to demolish and clear the land. In other words, these have 'negative worth'.
Unless any 'asset holders' are selling gold bars on the sidewalk so that they might be assayed (tungsten) I would give any of this junk wide, wide berth.
Quality stuff Reggie, thanks mate. Haven't been to ZH in awhile, but the first post I read was yours and it confirmed why I like this site so much. A few quibbles aside (mere semantics on UK's "Stagflation", which equates to economic death imo, since debt-as-asset economies depend on growth to service their debts), a thoroughly enjoyable, if macabre read.
I did some work on the currency strengths of the IMF cartel (Euro, Yen, USD, and GBP), and how the SDR strenghtens and offsets reckless printing by these countries. As inevitable as "Eurocalyse" may appear, necessity and desirability of these worthless fiat currencies by the rest of the 187 countries which have to keep buying them may keep these going for some time yet. (Famous last words) :).
Bullish?
Lots of debt bullshit. It is good someone sees the emperor has no clothes.
The emperor and his entire staff have been cavorting buck naked for 400 years now, and still they party on. So just join the orgy, it will outlast our lifetimes.
Bottoms up to that.