Jordan Islamists Say Mubarak's Fate "Should Be A Lesson To All Arab Regimes" As Switzerland Freezes Former President's Assets

Tyler Durden's picture

Barely an hour has passed since Mubarak's departure, and the religious tensions in the middle east are already starting to flare up. First up: the Jordan Muslim Brotherhood has immediately taken advantage of a vacated podium and said that what happened in Egypt should be a lesson to all Arabs. While hopefully nobody will be able to hijack the success of the Egyptian people, one wonders just how heavily the various Middle Eastern regime are sweating tonight...

From Dow Jones:

Jordan's powerful Muslim Brotherhood said Friday Egyptian President Hosni Mubarak's decision to step down should be a "lesson" to all Arab regimes.

"Arab regimes should learn a lesson from what happened. All Arab peoples suffer from the corruption of their regimes," Jamil Abu Baker, the movement's spokesman, told AFP. "Mubarak's departure should have happened from the start. It is natural after his oppression and corruption. Congratulations to our people in Egypt."

Abu Baker said the group is in "touch with Muslim brothers in Egypt."

"We are listening to their views although they are busy now," he said.

Many Jordanians flocked to the Egyptian embassy in Amman to celebrate.

Elsewhere, Al Arabiya reported that the Swiss foreign ministry has announced that all of Mubarak's assets have been frozen. That, of course, excludes all the gold that Mubarak has with him. Notably, however, Switzerland refuses to indicate how much money was frozen.

From Reuters:

Switzerland has frozen assets possibly belonging to Hosni Mubarak, who stepped down as president of Egypt on Friday after 30 years of rule, a spokesman for the foreign ministry said.

"I can confirm that Switzerland has frozen possible assets of the former Egyptian president with immediate effect," spokesman Lars Knuchel said, declining to specify how much money was involved.

In recent years, Switzerland has worked hard to improve its image as a haven for ill-gotten assets and has also frozen assets belonging to Tunisia's former President Zine al-Abidine Ben Ali as well as those of Ivory Coast's Laurent Gbagbo.

Where is Hosni by the way?

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jus_lite_reading's picture

I told you so... Egypt was the test bed IMO

crazyjsmith's picture

Who really is the Muslim Brotherhood?

Here is a little history lesson of who they really are....this will get very interesting

chet's picture

Most of these islamist groups are better at talking than action.  Right now the new danger in Egypt is military dictatorship, not islamists.

crazyjsmith's picture

The Muslim Brotherhood is the most organized and cohesive group over there, now that Mubarak is out. 

In the near term, yes the Military will have control, but the winner of power will be the group who has the most organized and cohesive backing...see my first sentence.  They are largely anti-west, and have a right to be, considering the meddling we have done there for centuries.  We are about to embark on a new path of anti-west policies, where they are simply going to push to get control back of their region.  Good for them, very very bad for us.

We need cars to start running on Natural Gas, immediately.   

whiskeyjim's picture

Your name says it all; your logic is impeccably inconsistent and denies reality.  Have you ever traveled anywhere in the Middle East? 

Have you ever spent any time at all in any country dominated by Muslims?  They are taught from childhood to hate the West.  Ironically, if it were not for western money, they would still be living in tents.  Stop drinking the Kool-Aid and understand their populations are waking up to the real world through the Internet for the first time in millennia.  It does not mean they are not still the product of generations of extremist / fascist / socialist / superstitious thinking.

crazyjsmith's picture

I am confused by your response, you say my logic defies reality, but then you go and agree with my post.  We are actually in agreement, if you really pay attention to what I was saying. 

And yes, I have spent time in Egypt, and have lived in Turkey for 2 years, so I am very aware.  I saw first hand the ability of Western money to lift an entire country out of their tents.  I have also seen the irrational behavior and oppressive social norms that has kept a lid on progress in that region for centuries.  I made the mistake once of just touching my girlfriends bare thigh in a public place, and a group of men came running over in a frenzy, totally irrational.  While some woman grabbed her and rushed her away for her safety and in fear of the nonsensical rage that can pop up out of nowhere.  It is very strange and very unnerving at the same time.  Critical and independant thought is both respected in some limited circles, then crushed all in the same motion.  Hard to explain unless you have seen it first hand.     

They are absolutely waking up, and it is a complex mix between the youth of that region wanting to participate and be included in the global society combined with the old world views of extremism / fascism / socialism / superstitious thinking / and radicalism,  as you mentioned.  I still don't see where we disagree.  It will be interesting to see how the youth movement leans...Secular, or Non-secular.  But there are always players in that region that have tremendous power and control, and their real intentions live in the shadows.  

Your last sentence is a double negative by the way, and I am still confused what your view point really is. 

TBT or not TBT's picture

The military in egypt is the most progressive force in the country.    The populace is nucking futs.

TruthInSunshine's picture

American Patriots respond with "Mubarak's fate should be a lesson to that little, bearded, pint-sized lackey of the Squid and JPM, Benjamin S. Bernanke."


As to the specific topic - Realpolitik, bitches.

SRV - ES339's picture

What happens if a million people (lots of unemployed out there) show up on Wall Street to demand all 2009, 2010 bank profits be returned to the people, and that those involved in the theft be prosecuted... hummmm?

gorillaonyourback's picture

exactly, some justice in the world and switzerland is puttin down the law.  i quess this weekend im gonna start putting up signs and posters

zaknick's picture

The Swiss are just after a piece of the pie. If they give that money back to Egypt, then they will be doing the right thing.

That guy Gbagbo from Ivory Coast? He's against the banksters and their lackeys in the MSM which to me means he has some redeeming qualities.

Dr. Porkchop's picture

What happens if a million people (lots of unemployed out there) show up on Wall Street to demand all 2009, 2010 bank profits be returned to the people, and that those involved in the theft be prosecuted... hummmm?


Riot police, sound cannons, tear gas and rubber bullets. Mass arrests without charge, indefinite detention, DHS goons, beatings, shootings... etc., etc., ...

SRV - ES339's picture

No... this may be a one time opportunity... the world is watching.

jus_lite_reading's picture

That sounds about right. But you forgot the bonuses to the banksters!

chubbar's picture

Unless there is an Al Jazeera on the scene you won't hear about it in any event. The fucktards running the MSM in this country wouldn't dare cover anything so controversial and if they did it'd be completely twisted coverage conveying it as a support demonstration for the current administration.

tahoebumsmith's picture

Just go back and watch the president's speech yesterday and listen to how proud he was that the people of Egypt took to the streets and voiced their opinion for real change. I didn't hear him giving that kind of speech when the Tea Party movement took to the streets here in the USA. All we got from the Whitehouse was ridicule and it was portrayed as fearmongering from the right, more or less a joke in their eyes. I guess our government has more respect for the opinions of the Egyptian people then they do their own.

SRV - ES339's picture

Do you hear the Tea Party demanding prosecutions or freezing accounts? Of course not... they are funded by the devil (Wall Street and Corporate powers), and the goal is more corporate power through the Tea Party / GOP dynamic (they simply take anyone who resists down... they have the money to take out anyone in a GOP primary).

What's been done since November...

  • Demanding tax relief... for the top 2% (what does that do for you)
  • Abortion... three seperate bills while the economy crashes and burns
  • Eliminating any restrictions on the Wall Street Casino
  • Cutting spending... over 90% focused on Main Street and the poor (someone has to cover the bankster's losses... you didn't expect any of them to pony up did you)

You are being used... but then, aren't we all one way or another!

midtowng's picture

How dare you speak the obvious truth about the TeaParty on ZH! Who do you think you are?

jeff montanye's picture

really!  the koch brothers and roger ailes don't like it either.  

TBT or not TBT's picture

Indeed tahoebumsmith, and you didn't hear his pride at the people of Iran trying to get their vote counted way way back in 2009.

The reason there, is that in egypt the revolution against Mubarak is an opportunity for islamic socialism to take power there.   In Iran islamic socialism is already in power, so anywone opposing it is the enemy of Barack and his fellow travelers.

jeff montanye's picture

obama may or may not be a muslim.  but he is not a socialist, except in the limited, perverted sense of "socialism for the rich".  he is a friend to the rich and powerful and has done little for the poor.  his administration and w. bush's are nearly seamlessly knitted together.  they share the same war minister!  look at events and policies not party propaganda.

whiskeyjim's picture

The difference is simple; in Egypt the demonstrations are viewed as a repulsion of dictatorship.

In USA, the Progressives view the Tea Party as an obstacle to Progressive socialism, the true future of the world.

MiddleMeThis's picture

I'm pretty sure they'll throw cake from the windows.  "Let them eat cake!"

Tedster's picture

IIrc, "cake" was a poor translation of the time, it refers to the type of black, crusty nasti-ness that accumulates at the bottom of an oven over a period of time. Hm.

dryam's picture

Buy PM's & oil now.

william the bastard's picture

Oil is getting hammered in here. How bout a gold quote?


jeff montanye's picture

ok:  "brass shines as fair to the ignorant as gold to the goldsmiths."  (elizabeth I)

Just Observing's picture

He's probably still lugging those heavy suitcases onto the Gulfstream.

Bill D. Cat's picture

He's had three weeks to move whatever he needs moving .

william the bastard's picture

Correction. He's had 30 years and he's amassed $70 billion. He isn't a man to be underestimated.


whiskeyjim's picture

Exactly.  What he's likely doing now is trying to cement economic futures for thousands of family and friends.  He's already got billions beyond imagining.

Sean7k's picture

The Swiss are becoming very adept at freezing assets. Why would they jeopardize the one reason people have for using their banks? How long before no assets are safe anywhere in the world? 

Got gold?

jus_lite_reading's picture

If you have money, you don't put it in a swiss bank... you buy gold!

dryam's picture

Everyone, regardless of where they live or their walk in life, needs to ask who they trust more with their money, the government/banks or in their own possession. 


Ratscam's picture

Muhhhh-barak has only non mission critical funds in Switzerland, which he doesn't care about. 

Most has been transferred to Cayman, Guernsey and Singapor.

He is friends with Ben Ali and saw it coming.

I guess he too loaded his G6 with some CB gold.

trav7777's picture

there are more billions of NAFTA laundered drug money sittin in banks in border cities in the USA, US branches of mexican banks than Mubarak ever had.

Moving money to "safe" places isn't all that hard if you let the bankers take a little cut

LawsofPhysics's picture

Whatever, approximately 70% of the egyptian people remain on a government food program.  Let us see how the egyptians improve their quality of life with their new leadership. 


topcallingtroll's picture

meanwhile huge wheat disaster in China.  Our farmers are going to do well!

Larry Darrell's picture

I know the farmers themselves think so.  Cattle farmer from central KY called local radio show this morning.  Told the show hostess that Americans (the sleeping ones) are going to be blindsided by food cost increases in about 6 months.

He also laughed because his father (who was in the business for 80 years before passing away) had told him he fully expected that in his son's lifetime it would be the farmers at the country clubs instead of the doctors and lawyers.


TheSettler's picture

Not with the Money Changers around, most Farmers are leveraged to the hilt and ass deep in debt. Cotton Farmers in my area were more than happy to sell their crop for $.85, some even held out for $1.00...look at Cotton now $1.95 who do you think will be at the Country Club now? It's the same for all crops, the speculators and traders are the ones making all the "Money for Nothing"

zaknick's picture

Isn't most farming done by the usual suspects behind the banking cartel? The "old money" like Rockefucker, Carnegie, Kellogg, and a host of "multinational" (treasonous) corporations like Monsanto, ArcherDanielsMidland etc I'll tell ya', we want some change around here, we need to make sure our country and its wealth production capacity isn't perpetually owned by some money-printing supported bastards when the rest of us grunts here on the ground have to fight for their bullshit FRN. Did you know that the fascists found a way to get around the law that ordered 85% of US oil well proceeds to go to the US Treasury? With their "financial innovation". For you Ayn Rand dupes out there (see the great Murray Rothbard), cry me a river. A country without a vision that has prosperity for all is nothing but a "war on terror, drugs, you" bringer of death to its people. Cairo calling.

TBT or not TBT's picture

Especially with all of that acreage used up to grow ethanol.

Shameful's picture

Nice so the real trick is to float money in special accounts and gold before you get overthrown.  The Swiss freezing assets of dictators after they lose power, keep that up and they will lose the dictator market share.

Cognitive Dissonance's picture

Where is Hosni by the way?

Loading up clips with 9 mm and .45 ammo. The question over the next few hours or days is (now that his assets are frozen) will he use the bullets on himself or others. I'm sure some frustration needs to be released.

topcallingtroll's picture

I will bet he has an agreement with the military to protect him and allow him to save some face.

gwar5's picture

I think Mubarack's kid and wife already took care of the assets when they went to Europe two weeks ago.

Mubarack clinging to power and causing confusion was just one way to buy time and leverage the situation to secure what they could.

What would you do? It's probably not more complicated than that. Mubarack is dying of cancer anyway.


topcallingtroll's picture

That is great for the Swiss to finally own up to being part of the problem.  Unfortunately now the corrupt money will flow to Asia.

surfwon's picture

we have Barak....... Egypt had Mubarak....... is there a difference?????

Jadr's picture

Great contribution.  Extremely insightful and enlightening.  I must almost question whether such original thought could be developed by one man alone.