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VOICE OF PROPHECY - Prophetic Words
OpenHeaven.com Forum : VOICE OF PROPHECY - Prophetic Words
Subject Topic: United Arab Emirates about to collapse ! Post Reply Post New Topic
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Jeff Kingshott
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Posted: 11/25/2009 at 11:57pm | IP Logged Quote Jeff Kingshott

Posted: 05/02/2009 at 2:32pm originally  

   United Arab Emorites is about to see ,

 The slightest castrophe ,

A worldly wonder is about to come crashing down ,

And remove from them their golden crown ,

The few , the proud are about to see ,The pouring out of money through their fingers and into the sea ,

So continue to build your kingdoms as a crown , For I AM above you looking down !

 The Lord gave me this verse . . .

Joshua 2:8-11 (King James Version)

 8And before they were laid down, she came up unto them upon the roof;

 9And she said unto the men, I know that the LORD hath given you the land, and that your terror is fallen upon us, and that all the inhabitants of the land faint because of you.

 10For we have heard how the LORD dried up the water of the Red sea for you, when ye came out of Egypt; and what ye did unto the two kings of the Amorites, that were on the other side Jordan, Sihon and Og, whom ye utterly destroyed.

 11And as soon as we had heard these things, our hearts did melt, neither did there remain any more courage in any man, because of you: for the LORD your God, he is God in heaven above, and in earth beneath .



Edited by Jeff Kingshott on 11/28/2009 at 3:20pm


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Jeff Kingshott
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Posted: 11/26/2009 at 12:05am | IP Logged Quote Jeff Kingshott

Dubai World Seeks to Delay Debt Payments as Default Risk Soars

By Arif Sharif and Laura Cochrane

 

Nov. 26 (Bloomberg) -- Dubai World, with $59 billion of liabilities, is seeking to delay debt payments, sending contracts to protect the emirate against default surging by the most since they began trading in January.

The state-controlled company will ask creditors for a “standstill” agreement as it negotiates to extend maturities, including $3.52 billion of Islamic bonds due Dec. 14 from its property unit Nakheel PJSC, Dubai’s Department of Finance said in an e-mailed statement. Moody’s Investors Service and Standard & Poor’s cut the ratings on several state companies, saying they may consider the plan a default.

“Extending the maturity of Nakheel debt is feeding the market’s uncertainty on which debt Dubai will honor in full,” said Rachel Ziemba, a senior analyst covering sovereign wealth funds at New York-based Roubini Global Economics. “They look desperate and the market is concerned that in the long term Dubai’s indebtedness is rising not falling.”

Dubai accumulated $80 billion of debt by expanding in banking, real estate and transportation before credit markets seized up last year. Contracts protecting against default rose 116 basis points to 434 basis points yesterday, the most since they began trading in January, ranking it the sixth highest-risk government borrower, according to credit-default swap prices from CMA Datavision in London. The contracts, which increase as perceptions of credit quality deteriorate, are higher than Iceland’s after climbing 131 basis points in November, the biggest monthly increase since January.



Edited by Jeff Kingshott on 11/26/2009 at 12:10am


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james hill
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Posted: 11/26/2009 at 2:58am | IP Logged Quote james hill

the point is what?

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John Lawler
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Posted: 11/26/2009 at 10:29am | IP Logged Quote John  Lawler

James,

The point is that the god of money is coming down.



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Michele Hay
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Posted: 11/26/2009 at 3:59pm | IP Logged Quote Michele Hay

...thank you Jeff! Will pray about it...

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Jeff Kingshott
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Posted: 11/28/2009 at 3:29pm | IP Logged Quote Jeff Kingshott

 The tip of the iceberg !

 

In fact, Dubai World’s largest creditors are domestic banks in Dubai and Abu Dhabi.

Still, one concern is that some British banks with large credit exposure to the United Arab Emirates are already troubled. Royal Bank of Scotland, majority-controlled by the British government, was one of the largest lenders to Dubai World, having secured $2.3 billion worth of loans to it since early 2007, according to a report by J.P. Morgan. Standard Chartered and Barclays were also large lenders to the region, with more than $10 billion between them, analysts said. HSBC has $17 billion exposure to the United Arab Emirates.

But while a Dubai default may not provoke a banking crisis, it could well spur a broader crisis of investor confidence in overly leveraged economies.

World markets did not take long to reflect this insecurity.

The Dow Jones industrial average fell 154.48 points, to 10,309.92 Friday, as markets in Europe and Asia closed slightly higher after opening sharply down for the third consecutive day. Crude oil prices fell to a six-week low; gold fell as investors sought havens.

The cost of insuring the debt of economies like Greece and Lithuania spiked 16 percent and 6 percent, respectively, this week. The cost of insuring Dubai’s debt shot up by 67 percent and the British pound weakened against the dollar for the week.

Greece and Britain have historically high budget deficits that exceed 12 percent of gross domestic product, with Spain not far behind and Ireland struggling with the consequences of a devastating real estate collapse.

While no one is expecting an outright default as long as global interest rates remain low — largely due to aggressive government bond purchases by central banks — concerns have been building for months that once these easing measures end, interest rates will spike and investors will become less willing to trust the word of heavily indebted governments.

For now, most of the pain from Dubai is being felt by the holders of the Islamic bonds of Nakheel, the developer owned by Dubai World that is known for the palm-themed islands it built.

On Dec. 14, $3.52 billion in Nakheel bonds come due. One of the largest Islamic group of bonds issued, the deal was snapped up by Western and regional investors. In a reflection of how sure investors were that Dubai would meet these payments, the bonds were trading at a 10 percent premium to face value earlier this week. They are now trading at around half of face value.



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David Hood
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Posted: 11/30/2009 at 4:32am | IP Logged Quote David Hood

 

About 10 years ago, the Lord showed me ... an oil derrick, tower, fallen on its side in the desert and an Arab, a shiekh in his white garb, standing beside it, forlorn at this great loss.

 

At that time, within only certain areas of the media ... there came the news of the discovery by an America christian, who's profession was finding oil ... of the discovery of vast amounts of oil under the land of Israel ... this has, is not commonly known ... at least one can say the presss have not made much of it as a worthy news source.

 

With this picture, I heard the Lord say ... to the effect, to the Arab ... "what will you do now, now that your wealth has floundered?"

 

And is pointing out, how influencial and powerful, over the decades the Arab wealth and source of oil has been and how it affected the world , nations and their positions .

 

but at the same time ... the Lord was saying to Israel perhaps prophetically ... "now that you are rich in oil, what will you do with ME, what need will you have of me"?

 

I rejoiced over the fact, that thousands of years ago, when the land of Israel was formed, that God, had ensured, that under and within the land of His people, there would be oil ... oil to be independent to some extent on the world powers, oil for itself, oil for others in trade maybe ... but it spoke to me of Gods wisdom, in that his children would not be without.

 

at the same time, shielding them from the control of richer oil nations.

 

But within this as the Lord spoke to the Arabs, He ALSO spoke to Israel ... "what will you do? where will your trust now lay?"

 

Even though God had protected and provided, he knew that Israel itself, had the scope to move further away from their Lord due to the added security politically and finacially  that  this resource within would provide ...

 

... and i heard God cry out .. of his need to give them His Oil, the Oil of His Spirit ... to bathe them , to flow to and over them so, that He may show them His mercies ... tend to their wounds and needs, show compassion to their many hurts, cuts and bruisings.

 

I feel WE are like them, we too are rich in oil, but we also need to allow God to bathe us, to show his mercy to us, to touch us with the OIL of His provision, to heal our wounds ... to meet the need HE HAS , HE NEEDS to MEET for us and with us.

 

The curent circumstances in the world , physically and spiritually are like the Arabs oil derreck falling, the natural supply stopping, drying up ... in the midst of it ... I believe He is saying TO US in his word ...

Hab 6:1-3 Come, and let us return unto the LORD: for he hath torn, and he will heal us; he hath smitten, and he will bind us up. After two days will he revive us: in the third day he will raise us up, and we shall live in his sight.Then shall we know, [if] we follow on to know the LORD: his going forth is prepared as the morning; and he shall come unto us as the rain, as the latter [and] former rain unto the earth.

 

because, though God has plans for his church and needs to prepare us ... to inform us ... we still must see that we are for ourselves, within ourselves in DESPERATE need ... we must not become as Israel can become, dependent on what they have now or AHEAD, because God has overcome the might of the Arabs ... we must recognise the need of our own falling, our own healing, the tumbling down around us of different types of oil towers(derrecks) that RESULT in the opening up of our need, and older wounds and paths that have gone crooked and not been healed and straightened... or is it THAT WE ARE RICH WITH  THE THOUGHT OF REVIVAL,though wondeful that that would be ... we cannot SEE our NEED

 

I sense ... the shaking of , in particualr, the Arab economic derrecks, are a PROPHETIC SIGN to US of our OWN need.

 

... within the vison, the cry to Israel, was plain and sincere, but it was alo sincere from God ... in that he wanted the Arabs to find and to come to him, to trust and be healed by Him, and like us ACKNOWLEDGE  that IT IS HIM who smites them.

 

Whether we are Israel or whether we are Arab ... out towers, derrecks and supports have or are tumbling down ... we need ... Come, and let us return unto the LORD: for he hath torn, and he will heal us; he hath smitten, and he will bind us up.

 

but that the richness of the OIL of any FUTURE revival, a future time of prosperity does NOT act NOW or THEN as a palliative, as an anaesthetic to our real NEED OF the NOW.



Edited by David Hood on 11/30/2009 at 4:49am
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Juanita Lantang
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Posted: 12/07/2009 at 12:37am | IP Logged Quote Juanita Lantang

Revelations of Dubai....

http://www.independent.co.uk/opinion/commentators/johann-har i/the-dark-side-of-dubai-1664368.html

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David Hood
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Posted: 12/07/2009 at 1:56am | IP Logged Quote David Hood

 

Awfully, awfully enlightning Juanita, thank you.

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Jeff Kingshott
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Posted: 12/07/2009 at 8:52am | IP Logged Quote Jeff Kingshott

 The next wave to hit  Dubei will be a wave

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Posted: 12/07/2009 at 3:33pm | IP Logged Quote Juanita Lantang

Sorry, David, if it's too harsh.  I thought it was disturbing too.  But, I put it here for the purpose of intercession for those who are called.
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Posted: 12/08/2009 at 4:52am | IP Logged Quote David Hood

 

No Juanita, its wasnt too harsh ... it was just the awfull reality many are facing there, it was better for its realistic impact ... so Im not offended, but thank you for your concern

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Michele Hay
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Posted: 12/08/2009 at 10:41pm | IP Logged Quote Michele Hay

I have started to pray for the people enslaved there...

m.


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