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	Comments on: Middle East defaults	</title>
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	<description>Author of THE DEBT GENERATION</description>
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		By: ChrisWoods		</title>
		<link>https://www.golemxiv.co.uk/2010/02/middle-east-defaults/#comment-73</link>

		<dc:creator><![CDATA[ChrisWoods]]></dc:creator>
		<pubDate>Mon, 22 Feb 2010 13:33:43 +0000</pubDate>
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					<description><![CDATA[A large part of the problems with the middle east are the large controlling stakes held by a few families who all vie for power. The firms held by the connected families will get the money to keep going, anyone else forget it.&lt;br /&gt;&lt;br /&gt;These large firms backed by rich royal family money use this as a game of monopoly just to turn over someone they dont like. Witness Dubais bailout reluctantly by UAE, they couldnt care less about the money that might be lost by the european and american banks, theyd just much prefer to see the whole lot go down. But having someone from the west owning some other arab nation is too much, they will reluctantly have to keep pouring in money.]]></description>
			<content:encoded><![CDATA[<p>A large part of the problems with the middle east are the large controlling stakes held by a few families who all vie for power. The firms held by the connected families will get the money to keep going, anyone else forget it.</p>
<p>These large firms backed by rich royal family money use this as a game of monopoly just to turn over someone they dont like. Witness Dubais bailout reluctantly by UAE, they couldnt care less about the money that might be lost by the european and american banks, theyd just much prefer to see the whole lot go down. But having someone from the west owning some other arab nation is too much, they will reluctantly have to keep pouring in money.</p>
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