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Egypt Opposition Leader Mohamed ElBaradei Arrives In Cairo To Lead Tomorrow's Massive Protest
Ahead of tomorrow's national street protests, which are expected to count in the millions and which may be the final nail in the current administration's regime, Egyptian opposition leader Mohamed ElBaradei has just landed in Cairo, arriving from Vienna, to join a growing wave of protests against Mubarak inspired by Tunisia's overthrow of their authoritarian president, as Reuters reports. Mr ElBaradei was formerly the head of the UN nuclear watchdog, the IAEA, and who had found no traces of any nukes in Iraq in 2003 right before the invasion that proceeded regardless, said the government should not use violence against the demonstrators. Before his departure, he also told the BBC that he is going to Cairo to join street protests there. More importantly, he said the country "must change and he is ready to lead the transition if asked." With committed leadership, it appears the next US puppet regime is about to tumble.
More from the BBC:
"I continue to call on the regime to understand that they better listen and listen quickly, not use violence and understand that change has to come. There's no other option," Mr ElBaradei told journalists at Vienna airport.
"If [people] want me to lead the transition, I will not let them down," Mr ElBaradei told journalists at Vienna airport.
Police and demonstrators have again clashed in Cairo and Suez, and the unrest has now spread to the industrial city of Ismailiya.
Thursday's protests in Cairo have been on a much smaller scale than the thousands seen on Tuesday and Wednesday. However, in Suez, police fired rubber-coated bullets, tear gas and water cannon, witnesses said.
Reports from Suez said a fire station had been set alight by demonstrators.
In Ismailiya, hundreds of protesters fought with police, who used batons and tear gas to disperse them.
The Egyptian stock exchange suspended trading temporarily after a sharp drop within minutes of opening, but its benchmark index has fallen further since re-opening.
The unrest began on Tuesday in what anti-government activists called a "day of revolt", inspired by the uprising in Tunisia which ousted President Zine al-Abidine Ben Ali.
On Wednesday night, activists remained on the streets of the capital, Cairo, and of Suez, defying official warnings.
Elsewhere, Bloomberg TV just reported that demonstrations in Egypt are expected to be huge tomorrow because Friday is a holiday there.
Luckily in the US, where nothing matters, not SHIBOR which just hit a ridiculous 8.4%....
...not revolutions in Africa, not even pervasive inflation destroying margins everywhere, we have a POMO and JPM's IWM insatiable visibile hand. Incidentally, should Egypt fall, Saudi Arabia is next. Oil, especially WTI, sure looks cheap around here.
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ALLAHU AKBAR!
You might like this one better AN.
Rollover-1981- Aftermath of the Gold Scandal and World Economic Collapse
http://www.youtube.com/watch?v=6butfe1f9Hg
Egypt Boiling Over-Day 3 videos. It appears the government has lost control of the city of Suez which is the gateway to the Suez canal. I wonder if this will move commodity futures...
http://fedupmontrealer.blogspot.com/2011/01/egypt-boiling-over-day-3.html
yup, surprised more people are not discussing how new regimes could destroy the remnants of bretton woods by refusing dollars for oil and dumping all treasuries. the new regimes may not be as pliable as our current puppets.
just a little tidbit, booked a ski trip to New Hampshire (1 mile from bretton woods) this summer and told the wifey the world financial system will collapse when we are there. getting there next week. def visiting the signing room.
prophecy bitchez!!!!!!
My Rollover Review
http://www.thedropshadow.com/?page_id=1732
Mubarak better kill this guy quick. A freakin UN scumbag in charge of your country?? Sounds like a good way to get your country enslaved.
This is well known tactic to diffuse tension and keep the status quo.
Elbaradei will be nothing but a smock screen.
That was easy. Are there any other Egyptian politicians in the wild?
There is no "middle field" of Egyptian politicians. Mubarak ,the NDP and the military have eliminated with extreme prejudice any meaningful counter-political culture over the last 30 years.
In their world the only successor is another general. Maybe Musharraf is available.
Call William Morris.
Frankly, nothing should worry the status quo more than a restless country of disenfranchised middle classers and a twitter rabble. How could a moderate educated and independent minded political class accept the Gaza border? The status quo only understands military leadership and crazy Islamists. El Baradei is neither. He better not drive down Dealey Plaza. Israel would rather see Egypt descend into a Lebanon, than a moderate industrialized democracy.
Is there absolutely nothing that can happen in the Mid-East without you guys figuring a way to drag Israel into it?
It's embarassing.
The answer is no. Apparently, all roads lead to the holy land.
I share your embarassment.
Actually I thought it was an insightful comment and relevant to the discusson.
Which is also to say that I agree. It would be a political catastrophe for Israel. Why do you think Egypt is such a large recipient (2 overall) of US foreign aid if not to insure that they follow the US political line in the region WRT their relaitions with Israel (much to the anger of its own population - just watch some of the protester interview videos and see what they are on about)? A genuinely democratic Egypt would immediatley change its stance on Gaza, etc.
Not Israel bashing, just how I see the politics working out.
Sorry.
I forgot that if I use the words "Jew" or "Israel" in a sentence I automatically become anti-Semite.
You're right.
No unemployed Egyptian Arabs under 30 years old has any connection or thought about Israel. Especially after losing the '47-49 campaign, the '56 Sinai War, the '67 Six Day War, the 2 Year Attrition War, '68-70 (Kidoni) and the '73 Yom Kipper War.
Yep.
When you are talking about the political and security future of Egypt, Israel is not a consideration. They only have a 200 km military frontier, a border with the Gaza Ghetto - the poster child for worldwide Islamofacsim and well I guess the Suez is not strategically important. Its old - built in 1869. We can just transit around Africa.
That is embarrassing.
is this a replay of the late 1980's when the old soviet union (empire) fell apart? feels similar and will feel more similar when the house of saud falls.
just askin
He's taking some time away from PIMCO to be the opposition leader in Egypt? ;)
But, seriously, I hope this guy's got a handful of really good bodyguards...
thats another Son of Mohammad - there are many you know...
btw, 80% of Egyptian men have a first, middle, or somewhere in between name Mohammad...
God speed M.E.B.
You can't half-ass a revolt in a place like Egypt. All you can do is jump into the deep end and hope enough people follow you.
And don't even think about the torture chambers. Much of al Queda's leadership came out of a previous attempt at revolt in Egypt. Members of the Muslim Brotherhood further radicalized by the experience of arrest and torture. Many had to flee Egypt, ended up in Afghanistan with Bin Laden.
Reports say that the brotherhood is trying to stay out of this one though. Don't know how truthful that is.
chet: The Muslim Brotherhood will get involved if they feel the "revolt" has reached a critical mass. If/when they get involved, its all over for the Mubarek government.
'Al Queda' you mean that group invented by the CIA in the 80's?
al-Qaeda (pronounced /æl ka d/ al-KYE-d or /æl ke d / al-KAY-d; Arabic:, al-q idah, "the base"). When Osama Bin Laden, the former CIA employee, first heard George Bush say this word, he wasn't sure what Bush was talking about. All Osama knew at the time was that "The Base" was the place he called "Al-Qaeda" in Afghanistan. Osama was the financier for the infamous Ayman Al-Zawahiri's then? already failed Islamic Jihad group. It was a Bush Neo-Con scam to make you afraid of that scary word.
The Precautionary Principle Who Benefits?
http://www.youtube.com/watch?v=4GIkWuuq45I
" All Osama knew at the time was that "The Base" was the place he called "Al-Qaeda" in Afghanistan."
This is one of those things that when you bring it up to people, you get that vacant sideways stare: 'wahh, what do you mean, al-qaeda is terrorists....'
Except that this empire is global.
Yemen is there. Saudi Arabia is soon to follow. Then Oman and Pakistan. Once the SHTFF in Paki, down goes the M.E,
and your point is...
we DO NOT care in this country...that is...until it hits US in the face
Order out of chaos.
The new governments will be weak and fractured, they won't be able to resist the lure of US protection. This might even be building up to the big one, the strike of Iran's nuclear facilities.
indeed.
one world government is not so appealing to a stable nationstate representing the populace.
the real "domino theory". . .
You mean like how Saudi Arabia resists today?
If the current order falls apart, the current order won't fill the power vacuum. I'm looking for a charismatic leader to emerge and unite a significant part of the Middle East (possibly split on Sunni/Shia lines), which may become a new great power, in line with India and China (third fiddle for a while, but likely to rise to a similar level).
"Incidentally, should Egypt fall, Saudi Arabia is next."
I kinda doubt the Saudis have the balls to do it, they make waaaaay to much money on the Oil , and the government handouts are substantial
Relatives of the Royal Family get the handouts - everybody else gets spit. And that's a lot of poor, pissed-off folks that hate any association with The Great Satan. I'm putting my vote with the OP: If/when Egypt falls, Saudi Arabia is next.
No more: "here it comes," or "this could be it"... This is it folks.
Important point. Acutal "Sauds" are a very small percentage of the population. And 80% of the workforce is "non-national" according to CIA fact book.
Very precarious situation all around.
It's gonna get interesting tomorrow. If Egypt's protesters can force some sort of positive change in their government then the rest of the Arab world will see no end of unrest this year.
Especially when you factor in the high food prices.
Who's next on the list of countries to fall?
hopefully londonistan and then amerikwa.
http://www.urbandictionary.com/define.php?term=Amerikwa
Is it "good for jews"?
Lol.
This is about oppressed people of egypt. I really hope they get some good numbers there. Time to take back the country.
Mankind has yet to build an instrument capable of measuring my indifference towards what's "good for jews".
Why the fuck does it always have to come to that? MOST OF THE WORLD DOESN'T GIVE A FUCK ABOUT WHAT'S GOOD FOR JEWS. AND RIGHTFULLY SO! ACCEPT IT.
Yes, but is it good for the jews?
Egypt is not good. Yemen ...who cares.
lol
It's a difficult question... on one hand the egyptian government is full of Hitlers who are out to get the Jews. On the other hand the protesters are anti-semites who secretly deny the holocaust and are plotting against Jews.
In summary, if enough goys die then the Zionists will be happy.
oy, such hatred!
coming from the guy who has young mark fuhrman as his avatar...
The Talmud Kid- View
- Track
- Twitter
Historyyou're not a troll, are you?
I miss liberal sodomy
I bet you do, jackass
would that be giving or receiving? Bah, scratch that, silly question...
http://www.zerohedge.com/article/where-have-all-zero-hedge-veterans-gone-long-time-passing
In a sense, it could be very good. The short of it is; Arab regimes have run short of excuses to explain their limitless corruption, sleaze and incompetence to govern for the benefit of the majority of their people.
Ben-Ali could not "blame it on the Jews"; neither can Mubarrak or Algeria political elites. It's on them and them alone.
Once Arab people start to seriously deal with their problems, everyone will be better off, save the tyrants.
and arabe people problems are... ?
If they manage to mimick US school, that is dropping internal issues on others, well...
Nope. Egypt's military government has been one of Israel's closest allies since Sadat (1980). I don't think Mubarak's son is going to help the situation. The Sinai may be up for grabs again if the military government collapses. 5% chance. Logistically, its hard for Israel to hold that territory long term, but the Suez is a far better frontier than open desert and rat tunnels into Gaza. If anything the wars in AfPak and Iraq have shown that any protracted military action can be commenced, financed and outsourced indefinitely. You might see the 24th MEU on the ground if too much "terrorist chaos" encroaches Israel. The best way to draw the US into the theater is "terrorism" and secure the Suez. The US does not have control of this situation and everyone knows it. If it was a "color revolution" people might feel better. Mubarak is 82? and no openly known lieutenant. Chaos. Worse yet, the MSM is doing a terrible job on coverage. That is the first sign of doom. Hell. It might be over tomorrow.
hahaha
This is getting really interesting.
To Refresh our ....history...
http://en.wikipedia.org/wiki/Suez_Crisis
I doubt Saudi Arabia is next. Their citizens are "too well fed" to complain. Maybe Yemen.
No "maybe" about Yemen. It's on.
Anti-government rallies hit Yemen
Tens of thousands of people, inspired by events in Tunisia, protest in Sanaa to demand President Saleh's resignation.
http://english.aljazeera.net/news/middleeast/2011/01/2011127100660857.html
The interesting part here is that regime change in both Yemen and Egypt have significant implications for the US GWOT and the likely regimes that emerge in both countries will be a lot less friendly to the US. My bet is that US plays a double game with an ambiguous public stance and continuing covert support for these regimes.
Instead of just projecting outcomes for the US government, why dont we just make like Tunisia & topple ours too?
Any bets on the day and time he is assassinated?
Dead Pool? I was thinking the same thing. Wonder if he has kevlar jockey shorts?
Hmmm.... El Baradei heads for Egypt while Mubarak's defense minister petitions obama. This should be interesting.
http://www.debka.com/article/20590/
Tomorrow is going to be a very important day in the world.
If we manage to close red today, look out below tomorrow.
Saudi Arabia is next. Oil, especially WTI, sure looks cheap around here.
And exactly why WE will not let them fall into "Other" hands.
The protests there, if any, would be met with brutality seen only in Iran, or Iraq prior to SadMans neck snapping.
THe US cannot allow the Saudis to be taken over, rotate,Iraq,Trashcanistan, Saudi.
That kind of response will be exactly what will ensure that the SHTF in Saudi Arabia in a big way. When the population rises in sufficient numbers - it cannot be stopped. Ask the British why they no longer rule India - it sure wasn't for lack of brutality. If Saudi security forces start shooting protesters and the US provides ground troops and active air support - I think you will be able to count the seconds before SA oil production is curtailed by insurgents and the POO goes f'n ballistic. Just what we're trying to prevent...
these "revolts" are organic unlike the iraqi and afgani ones which were forcefed by the US military.as GWbush would say "they hate our freedoms"
ElBaradei will be a UN puppet for the NWO.
Hans Blix, chief weapons inspector, said in 2007 to the American Bar Association, he even thought Hussein had WMDs: "With so much at stake, why else would he refuse to cooperate with inspections?"
"With so much at stake, why else would he refuse to cooperate with inspections?"
Because HE did have them, and they were taken out secretly to Syria prior to the invasion.
We'll never know, will we..
At least when the US invaded Germany they uncovered a few mass graves and concentration camps to CONFIRM the artrocities on millions of Jews.
Where are the ashes?
ask the Russians.
millions of Jews
I think it's billions. Inflation you know. The history texts will need revision. Again.
no business like shoah business.
The whole WMD aspect of Iraq is a wag-the-dog argument at this point - http://dailypaul.com/node/155344
Let's not forget why we attacked Iraq during Bushmaster the I - Saudi Arabia.
LMAO..
I'm waiting for my child to come home and tell me the class will be spending the entire year in history class learning about the Holocaust... And how people hate the Jews for ABSOLUTELY NO REASON AT ALL !!
My condolences to the Jews that stand against Zionism.. Long live Norman Finkelstein !!!
Because you can't prove a negative?
Because he understood the vanity of proving that you dont have what you dont have?
This kind of games can run a long, long time... Better to say stop at one moment or another.
Wasnt enough for him though. He ended hung while the US found no WMDs and used the situation to install itself permanently in Iraq.
I am very skeptical of any "leader" announcing that he is joining a movement as Mr. El Baredei seems to be doing in this case. This is the first step to co-opting the said movement by an entrenched elite. One example would be the Tea Party movement which was an organic movement that was started by citizens. Soon after the Tea Party became a threat we had the likes of Glenn Beck and Sarah Palin coming in to "help out". I will withhold my judgement until I see how this plays out.
I wish people would scream from the mountain tops about the Tea Party takeover. It is such bullshit. Beck used to disrespect Ron Paul. Now he and Palin think they can take over the movement. Well I am one former tea party member if Beck and Palin are the "leaders" now.
Now he and Palin think they can take over the movement.
Fait accompli.
I'm a FORMER member regardless.. It has been taken over by neo-cons.. Went to a rally last year and couldn't even sit through the entire thing.. I had to find a place to throw up.. The first guy got up to lobby for more military spending, it went down hill from there..
Anyone that goes along with this fake terrorism story and supports a trillion dollar military budget (or more) does not know what the original TEA party was about.
Fuck em
exactly. now the question becomes what do people like you and i do now, and better yet what percentage of original tea party members are now disenchanted with the current form? i am willing to bet that a significant percentage of former tea party people are disgusted with the current incarnation.
Start your own party. JYF (Jump You Fckers) or FTF (Fck The Fascists)
or just finally admit to yourselves the truth - this nationstate is not viable, and no amount of party-ing will change that. . . the populace is divided, unity is impossible.
of course, there will be blood.
"i am willing to bet that a significant percentage of former tea party people are disgusted with the current incarnation."
Add me to your list.
The first guy got up to lobby for more military spending, it went down hill from there..
Anyone that goes along with this fake terrorism story and supports a trillion dollar military budget (or more) does not know what the original TEA party was about.
He was probably tied to the military himself. It is not a matter of internal/external threat. It is just a matter of groups and how they perpetuate themselves.
Expanding the military budget when you are linked to the military makes sense.
I don't care what he's linked to.. The fake war on Terrorism is one of the top 3 royal fucking sticks we are getting up the ass right now.
I love our military, so much so, I think we should bring every god damn one of them home and not risk another life! I would say that even if it were somehow free.. Like being paid for with a ponzi scheme... Ohh.. that's right.. never mind..
I hope this doesn't end up with 20 Irans
Muslim Brotherhood said to be biding it's time
Anti-American slogans are showing up though
Does the CIA/Mossad have that many in the brotherhood??
When will the U.S. get a no confidence option on our ballots?
i would not put anything past the CIA. you know, THE AGENCY
I woke up to how the world really works about 6 months ago. I must say that every day that goes by gets more and more interesting. The rate that things are occurring in the world is accelerating. I doubt that we will make it to 2012 before it all blows up.
You may be right, but things have a habit of dragging on a bit. I thought it would be game over for the economy some time during 2010. Don't underestimate the madness of crowds, or the cleverness of the elite.
Things have a way of dragging on until they suddenly and always unexpectedly blow up.
blowing up is ba-a-a-ad.
sorry, had to do it.
A new wave is sweeping the North African Arab nations, unfortunately, this will not be the case in the Kingdoms.
eh...gotta start somewhere.
Algeria next.
http://www.guardian.co.uk/world/2011/jan/27/egypt-riot-security-force-action
El Baradei?
Wants a piece of the power pie?
Which common currency are these newly liberated North African and Arabian mostly muslim nations going to accept?
Rome's money was currency throughout Europe and Northern Africa.
This could be the Euro's hour to expand massively!
That is one brave dude.
initialize
parse headline: [Eg]y[pt] Op[position] Leader Mohamed ElBaradei Arrives In Cairo To Lead Tomorrow's [Massive] Protest;
result: buy f[ucking] egypt[egpt] dip;
EndofFile
You cannot hold down man’s quest for freedom forever.
Maybe not.. But you can convince a man that he is free when in fact he is not.. I see evidence of that all around me..
Unfortunately, Max, you’re correct. But because of their heritage, it is my belief that the conversion of Americans to serfdom will be considerably more difficult than has been accomplished in other lands at other times.
JR,
you overestimate many americans. then again, the revolution was led by a small elite, maybe it will happen again.
I wish nothing more than for you to be correct..
El Baradei crosses the Rubicon tomorrow. This could get really messy.
He must have the backing of the United States. Obama knows Egypt is going to fall and who better to plug in there than a UN drone who will bring us closer to his vision of one world government.
A real leader is chosen by the people, this guy chose himself "if the people want me to lead...".
If they do, they will let you know.
I agree but unfortunately, it's not what the people want, it's who Obama wants. He's only going there with the backing of the US military. I'm sure the current regime is aware of this and will probably fold and disappear with a lot of money.
Obama? Please give me a break.
So you think the US government is asleep at the switch regarding Egyptian riots and its potential to spread to the Middle East? Well, that is definitely possible. Egypt is probably #2 on their priority list behind getting $9.95 internet to every inner city home in America.
SheepDog thinks that Obamatron isn't the one running the show.
Does anyone know if communications are out? I was texting a friend who's doing a sabbatical outskirts of Cairo. Goes back to visit the parents and friends every year. Her Dad's connected so I wouldn't think she'd be affected but last 24hrs nothing. No txt or pix. Or is it just iPhone glitch?
you have to pay roaming fees!
Next is the scheduled air drop of AK's
I'm an Arsenal SLR-95 guy myself...
ElBaradei and Obama are both Nobel Prize winners; you do the math.
Walk like an Egyptian...(oh GOLD AWAY Oh).... Walk like an Egyptian....(oh GOLD AWAY oh)
Did he bring in his gold?
Yella, Yella !
didn't the US just sell tons of weaponry to that region? bet it was done intentionally!
$60 billion in "advanced weaponry". . .
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/8077174/US-to...
If the Mubarak regime is toppled in the next couple of months the mid east wil neve rbe the same. However I hope the Muslim Brotherhood does not take over because it will make things messy,and Israel is going paranoid. It seems Yemen,Jordan,Baharain(the sunni royal family runs the shiite majortiy),Kuwait,Oman possibly even Saudi Arabia. If saudi arabia fall under the control of islamic zealots the petro dollar system is done.Our govt would stupidly try to invade Saudi Arabia's oilfields but it will fail because: 1) we cut off the main source of income and autonomy in that region while having more non-representative puppet regimes surronding said holy sites. It is almost as bad if not worse then an out and out invasion. 2)There is political will for another war in the mideast.
So if Egypt falls Algeria,Jordan,Oman,Yemen could be next. However each nation is different and could have different results. Things are not looking good for Israel right now. Hezbollah has control of Lebanon and Mubarack(Israel's only friend outside of Jordan) could lose power. Also if the Egyptian military fire at the citizens this will create a shit storm at that region. We should withdrw troops from the middle east,europe,and Asia, It is time for these nations to handle our own buisness and of for us to handle ours. We have a bordee wide open for christ sakes! And we have about 10,000 troops at the UK! Let the middle east control their own problems.
so much is revealed in a freudian slip.
US puppet #1 is on the right hand. MEB is US puppet #2, placed on the left hand.
MEB is the lonely goatherd marionette from the movie "Sound of Music"
yodel-ay-hee... yodel-ay-ee-hoo...
I am surprised that the oil market has shrugged off the possibility of the Suez canal being closed and the increasing instability in the middle east. It is a growing contagion. Notice the Shiite/Hezbollah take over of the Lebanon government as well. There is a movement afoot and it is not good for the moderates in the middle east or for US interests. The growing power of Iran and the Shiites is slowing sweeping over the area.
Back to the markets, it really is both fascinating and illogical that the precious metals and oil markets move in lock step tandem. Today, each big move in the PMs and crude markets occurred simultaneously. It sure looks like someone is trying to influence the commodities markets as a whole via the CRB index. It's convenient and doesn't require onerous activity in various markets.
all this could be intentionally done as a precurser to attack iran!
Governments that cannot operate effectively under the best of circumstances, typically dissolve when TSHTF. The "competent" leaders will stand around with their fingers up their asses. Now the Chinese, that's a totally different story - they get it and know what to do.
"Now the Chinese.............they get it and know what to do."
Obama, is that you? Is this a line you missed in your teleprompter conference the other night?
The USA is only few years down the list.
"The USA is AT BEST a few years down the list."
There, fixed it for ya.....=)
I remember now from history that when an empire begins to collapse, the first parts to fall are the peripheral colonial and/or "puppet" outposts.
Would you like to play a game? How about a nice game of dominoes?
The US government may be willing to cast off the 82-year-old dictator Mubarak,
But it will hardly be willing to allow the bought-and-paid-for Egyptian military to relinquish any power.
For 30 years, the US has backed Mubarak’s security forces while they committed “numerous serious human rights abuses” Those abuses include torture, arbitrary arrest, prolonged pretrial detention, extrajudicial executions, and "disappearances" (per the US State Dept.)
We’ll soon see if ElBaradei is considered the acceptable front man to implement the US preferred “change that is no change” program.
Egypt, already the main natural gas producer and exporter in the eastern Mediterranean, by claiming a share of the Levant Basin gas, will find itself at odds with Israel.
The U.S. Geological Survey reported in 2010 that the Levant Basin, stretching from the Jordan River into the eastern Mediterranean, the West Bank, the Gaza Strip, Lebanon and Syria, could contain up to 122 trillion cubic feet of natural gas.
"These discoveries have added a new, hitherto unseen dimension to the Arab-Israeli conflict," observed analyst Walid Khadduri, former editor of the Middle East Economic Survey.
http://www.upi.com/Science_News/Resource-Wars/2011/01/26/Egypt-eyes-stake-in-Israels-gas-fields/UPI-29661296064134/
"For 30 years, the US has backed Mubarak’s security forces while they committed “numerous serious human rights abuses” Those abuses include torture, arbitrary arrest, prolonged pretrial detention, extrajudicial executions, and "disappearances" (per the US State Dept.) "
Thanks. I had always wondered who wrote the original draft of The Patriot Act.
Just baffles me to see gold and silver tanking today. No move in USD or EUR. Possibility of Egypt going downhill tomorrow and choas and turmoil in Middle East not far down the road as Tunisia template is applied all over the world by the downtrodden. Amongst this uncertainity gold and silver are being taken behind the woodshed. What gives?
with regards the PMs today, some good commentary, and chart action, over at Mr. Ferguson's blog, you may find it helpful? they're a sharp bunch of folk, good community of posters.
http://tfmetalsreport.blogspot.com/2011/01/continued-frustration.html
A buying opportunity - that's what's up.
IMHO PM prices are responding more to the shitstorm that's brewing over at the COMEX - check out Harvey Organ's blog for an update...
Not many more shopping days before the March delivery date for the Silver contracts - you've been notified.
Gold = Money
How long before soldiers switch sides? Anybody remember that Iranian soldier shooting his fellow soldiers in the back during the protests when the Shah was getting thrown out?
An interesting dynamic here is that going forward, whether its a modern government, chaos or some Brotherhood coalition, they don't need the money America has been giving them - along with Israel since Camp David. That's about $2 billion a year since 1975? so that they don't attack Israel and keep cracking Islamist skulls. Now they can go get their money from the Chinese, who would be more than happy to control the Suez. Ah. The US-China Cold War in Africa gets interesting again. - If Egypt gets their financing from China, the US is compelled to take back the Sinai. I don't think Obama has the stones to do it.
http://www.youtube.com/watch?v=jsaTElBljOE@ Geoff-UK -- Is there absolutely nothing that can happen in the Mid-East without you guys figuring a way to drag Israel into it? It's embarassing.
The name Israel throughout the Middle East and the world can be translated as America; for its actions, protection, financial connections, source of supply, and propaganda cover originate in the United States. IOW, any mention of Israel affects U.S. taxpayers and the lives of U.S. military personnel fighting wars on its behalf.
So comes the growing conflict in Egypt. And here, from Israel News, shows why every clash of Middle Eastern people has Israel as an ingredient
Israel News published the following 04.13.10 segment, which involves the man expected to lead the mass protest against Egypt's government tomorrow :
ElBaradei: Israel occupation only understands force; Former IAEA chief expresses support for Palestinian resistance, calls Gaza ‘world’s biggest jail'
Former IAEA Chief Mohamed ElBaradei, who is considering contending in Egypt's presidential elections next year, expressed his support for the "Palestinian resistance" while slamming Israel.
In a report published Tuesday, the experienced diplomat said that Palestinian violence was the only path open to the Palestinian people, because "the Israeli occupation only understands the language of violence."
ElBaradei (67), who returned to Cairo last February, has not officially announced that he will run in the elections, but behind the scenes a campaign is already underway, including visits to mosques and churches, and photo ops with public figures. A month ago he even established a national "foundation" for democratic reform in Egypt.
According to the report from the UPI news agency, ElBaradei started the ball rolling with a meeting Monday with members of his movement, thus making it clear to Israel how relations between the states will be after the elections – if he wins. According to Ibrahim Nawar, a senior figure in the movement, ElBaradei also said, "The peace process has become a stupid joke which we talk about without achieving any progress."
The former International Atomic Energy Agency leader criticized the fence which Egypt's President Hosni Mubarak set up along the Gaza Strip border. The fence "hurts Egypt's reputation," he said. "It appears to be participation in the siege of Gaza, which has become the world's largest prison."
"The logical solution to the problem," he continued, "would be to close the tunnels and open border crossings while creating a free trade zone in Rafah where Palestinians can trade and then return to Gaza."
ElBaradei also sent a message to his supporters, who have invested great hope in him for the presidential elections in 2011, to put pressure on Mubarak for democratic reforms. He called on all the opposition parties to boycott the parliamentary elections, due this year, if amendments are not made to the constitution to ensure transparency.
The participation of the opposition in the elections under current conditions, he said, will end in a landslide
http://www.ynetnews.com/articles/0,7340,L-3875636,00.html
Down with Pharaoh Mubarak I, Pharaoh Mubarak II we didn't even get to know you, all hail Pharaoh El Baradi I.
What's the financial play if the Suez Canal gets shut down? Short Europe? Long oil? Short Egyptian bonds?
I know it is all the rage to root for the mob, and I'm no fan of Mubarak, BUT... it may be shortsighted to send him into retirement. You may recall an unpopular guy named the Shah. He was a thug, and liked to rough up the locals like Mubarak, but he was our boy, and the key to America's Cold War strategy in the Middle East. Along came Jimmy Carter, who threw the Shah under the bus, and look where that has gotten us. Along the same lines, Team Obama can't quite figure out what to do. (Which shouldn't be surprising considering their naive foreign policy views.) Yesterday, we were telling Mubarak to embrace democracy and have a love in with the protesters. Today, we're saying Mubarak is our guy, if in more beguiling diplo-speak. Let's hope Egypt ends up looking more like Turkey than Iran.
That’s the line.
It’s one thing to protect Israel, it’s another to have them use you as the battering ram. Israel uses the U.S to pay protection money to Egypt, and to Syria and to Lebanon and, somewhat, to all of them. Whatever Israel asks, the U.S. taxpayer has to reach into his pocket to pay them off. Israel kills a bunch of people and we have to pay to shut up the victims' government. That’s exactly the thread woven throughout The Palestinian Papers—we just have to pay and pay and pay and Israel gets to be incredibly belligerent with its neighbors. Israel is like a little kid who goes around the neighborhood breaking windows and we have to follow him around and pay for the windows. And I might add, he is an ugly little kid. And when he sings, we have to pretend that we like it.
No where do I mention Israel, and it's really not that relevant with respect to Egypt. Actually, Egypt has little credibility with Arab governments on Israel. (Remember Egyptians don't consider themselves Arab, they are mostly Muslim, speak a dialect of Arabic, but they have a distinctly different heritage.) Arab governments hated Egypt breaking to make a separate peace deal.
Strategically, Egypt is more important to the US for issues far removed from the Israel-Palestine morass.
Some of your statements are pretty laughable. Israel sends money to Syria? You don't really believe that, do you? By the way, Egypt gets a check from the US directly. $1.3 billion per year for military aid. Billions more via NGO's.
Here's Kowalski's prediction: Mubarak is done within a fortnight and the Army arranges new elections.. honest ones. For the people of Egypt, this could be the beginning of democracy. For the US, the new regime will undoubtedly be much more hostile to US/Israeli interests. When instability comes along, the first thing most common people do is to hoard basics like food & oil. Egypt's financial system could very well collapse because of bank runs and a stock market collapse. Hoarding will send the price of food, already a big problem, into a gigantic one. The Army won't tolerate serious budget cuts. In short, Egypt's new rulers will find out that overthrowing corrupt, decrepit regime is the easy part; achieving economic growth and alleviating high food prices is a whole other matter.
http://themeanoldinvestor.blogspot.com/2011/01/egypts-hunger.html
From Reuters yesterday:
Protesters who tried to gather on Wednesday were quickly dispersed and the government said it was banning demonstrations.
But significant damage has been done to investor confidence. At least $150 million left Egyptian local bond markets on Wednesday, according to data from investment bank Citi.
'The more tension that develops in the Middle East and Africa, the more readily investors will choose safety over capital gains, and thus eschew investments in the area,' said Tom Dorsey, president at investment advisers Dorsey, Wright & Assoc.
'Cash is preferable over equities in Egypt today, and that will be my path until the markets suggest otherwise.'
Egypt makes up only a small proportion of the benchmark MSCI emerging equities index, but has been a favourite among both Mena and Africa investors, due to the government's readiness to embrace financial reforms, a young population, growing consumer demand and relatively cheap stock market valuations.
It also features in Goldman Sachs' N-11 list -- the next 11 economies after the BRIC economies of Brazil, Russia, India and China, for which the US investment bank sees rapid growth.
Egypt's stock market rallied 15 percent last year and foreigners account for around 16 percent of the Egyptian stock exchange's total trading value over the last five years. But the rising young population in Egypt and elsewhere in the region can be a double-edged sword, as a jobless population is more likely to stir political unrest.
http://af.reuters.com/article/tunisiaNews/idAFLDE70P25O20110126?pageNumber=2&virtualBrandChannel=0
Update: Muslim Brotherhood in Egypt has ordered it's armed supporters to support the protestors:
"The Mubarak regime was badly shaken Thursday night, Jan. 27, when Egypt's most powerful opposition movement, the Muslim Brotherhood, ordered its teeming membership to join the protest movement raging in Cairo and other cities since Tuesday after Friday (Jan. 28) prayers"
http://www.debka.com/
Hasta la vista Pharaoh Mubarak
I agree, if Egypt does fall Saudi Arabi is most definitely next. They have the same problem's in their country also but with a bunch of Royalty and 7,000 princes and princesses (last count) who is sucking money from the country. Trust me on this one most of their money is overseas already, they know eventually their regime will fall.