Friday, February 21, 2014

Canada’s Crisis (part 5) –Heavy Foreign Investment

(Due to heavy Foreign Investment and cheap labor, why some people believe that, “TORONTO IS THE NEW DUBAI")

 "’Nakheel, Emaar, Damac and other developers have almost announced bankruptcy, my future depends on them since my company supplies these companies.  Now I am out of money and warehouses are full of stock’.  Dubai is in big trouble. When you consider that Dubai has not financed all the development in its country out of its own pocket (hence the slow down) you realize that foreign investment plays a big part in Dubai's development. “Sama Dubai, which is part of Dubai Holdings and Government owned has closed its doors - in fact they won't even answer the phone anymore! I've been waiting for an article in the paper to announce the cancellation of all their projects but of course that will never come since it’s a Government owned company and the papers are censored. Dubai has been designed, built, and in many cases financed by foreigners”

Builder Hastie collapses, risking 2,000 jobs in Middle East

DUBAI -A morally bankrupt dictatorship built by slave labor

Why Dubai’s problem relates to TORONO
ELLIS DON (Ellis Don is an employee-owned global construction services company headquartered in Mississauga, Ontario, Canada. It maintains offices throughout Canada and two in the United Arab Emirates, and also operates in the United States and the West Indies).
"In the brutal Canadian construction recession of the early nineties, Ellis Don very nearly went bankrupt” (This "RECESSION" is worse than in 1992.  In order to save the company during the RECESSION OF THE 1990’s, Ellis Don 
LIQUIDATED much of their assets.  A SIMILAR TREND CAN HAPPEN IF THE HOUSING BUBBLE AND CONDO BUBBLES BURST TODAY with Ellis Don again being forced to liquidate much of their assets in order to save the company).

Alleged price-fixing at G.T.A construction companies

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