The Rude Awakening’s Joel Bowman says the real estate bubble in his new home of Dubai is unsustainable. Unimaginable oil riches are being spent at unimaginable speeds, sending house and rental prices through the roof. But if the lesson from the U.S. has taught us anything, it is that property speculators aren’t going to win forever.

I.O.U.S.A, the critically acclaimed documentary on the U.S. national date made by Agora Financial’s Addison Wiggan and Kate Incontrera, premiered last Thursday.

The movie has already stirred up much debate about the rapidly growing national debt and its consequences for the United States and its citizens

Below are a some emails from readers at Joel Bowman’s Rude Awakening blog with feedback on the movie…

In short, apparently these countries need the price of oil to stay high to pay for their welfare expenses…which means that they will necessarily be raising oil prices again pretty soon.

The Fed may have already begun its role as Wall Street ’supercop.’

The Wall Street Journal reports that the Fed has sent agents into major Wall Street investment banks to makes sure of the banks’ financial wellbeing.

“We want to be sure that any lending we do to the investment banks will be done on an appropriately sound basis,” said Fed chief Ben Bernanke.

The Fed has is lending money to investment banks, even though it currently has no statutory regulatory power over them.