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Mubarak Speaks, Dissolves One Crony Government, New Crony Government To Be Named Tomorrow

Tyler Durden's picture




 

The Egyptian president (?) is speaking liverecorded (unclear from where). Somewhere, the Bernank is rehearsing the very same speech. Long, meandering speech, whose conclusion is that government is at fault. The government will be sacked and be replaced with new government tomorrow. Long Riot futures.

 

 

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Fri, 01/28/2011 - 18:19 | 914660 slow_roast
slow_roast's picture

He's telling everyone to BTFD!  Bernanke running the Mubarak puppet.

Sat, 01/29/2011 - 00:21 | 915449 pods
pods's picture

Now is that Burn The Fucker Down?

pods

Sat, 01/29/2011 - 02:56 | 915641 Malcolm Tucker
Malcolm Tucker's picture

BREAKING NEWS: Saudi demonstration planned for Saturday (today) to protest the corruption and lack of infrastructure in Jeddah after massive floods devastate the city this week!

http://fedupmontrealer.blogspot.com/2011/01/saudi-hiccup.html

The protest is being organized via Blackberry Messenger...

Sat, 01/29/2011 - 00:30 | 915462 bankonzhongguo
bankonzhongguo's picture

After watching today's prezez "speeches" I have prediction.

Considering that obama crew said everything and nothing  - while holding their collective breath waiting for the grand finale, will the weather hold?

If it does some crazy rain storm in Cairo - a la cloud seeding - to keep the crowds at bay over the weekend, well that says something about what the US wants - a strong man.

Cairo gets about an inch of rain a year.  Strange plans left Omaha yesterday. If a freak rain storm quells the protests - a crazy short term pipe dream solution, Obama has shown his cards.

I am looking at the weather over the Med and upper Nile and not a cloud in the sky. 

If a monsoon, ...

I know that's a crazy stretch, but sometimes you got to think crazy.

As my mom used to say, Let the meshuggah speak.

The US helped make the Taliban. 

We made our Mubarak-Frankenstein-Golem.

Blowback bitchez.

Sat, 01/29/2011 - 06:29 | 915703 ViewfromUnderth...
ViewfromUndertheBridge's picture

Hillary Clinton, January 13, 2011, Doha speech.

excerpt:

For example, a growing majority of this region is under the age of 30. In fact, it is predicted that in just one country, Yemen, the population will double in 30 years. These young people have a hard time finding work. In many places, there are simply not enough jobs. Across the region, one in five young people is unemployed. And in some places, the percentage is far more. While some countries have made great strides in governance, in many others people have grown tired of corrupt institutions and a stagnant political order. They are demanding reform to make their governments more effective, more responsive, and more open. And all this is taking place against a backdrop of depleting resources: water tables are dropping, oil reserves are running out, and too few countries have adopted long-term plans for addressing these problems.

end.

C'mon ZH...put your thinking CAPS ON!

You think the Saudi wahhabis are gonna fund Their Qaeda forever, no accountability? Here it comes, the whirlwind. After Stuxnet, and before Iran recovers...and you think the State Department did not know the Palestinian Papers were about to be released.

Game on! 

Fri, 01/28/2011 - 18:20 | 914666 buzzsaw99
buzzsaw99's picture

Nice suit.

Fri, 01/28/2011 - 19:05 | 914819 VegasBD
VegasBD's picture

I own two myself. Word is Arafat gets his there.

-Hans

Fri, 01/28/2011 - 21:44 | 915192 StychoKiller
StychoKiller's picture

Careful there, Mubarak, trying to catch a moving train can result in getting your arm ripped off!

Fri, 01/28/2011 - 18:20 | 914668 Gubbmint Cheese
Gubbmint Cheese's picture

broadcasting live:

 

from a van... down by the river...

Fri, 01/28/2011 - 18:53 | 914781 Crook County
Crook County's picture

I lol'd.  good stuff, bro.

Fri, 01/28/2011 - 19:38 | 914908 Sokhmate
Sokhmate's picture

+?

edit: +Lambda

Fri, 01/28/2011 - 18:21 | 914670 bob_dabolina
bob_dabolina's picture

It doesn't look like he is going to stand down.

Fri, 01/28/2011 - 18:22 | 914672 FaithEqualsZero
FaithEqualsZero's picture

Sure does not sound like it...on like donkey kong

Fri, 01/28/2011 - 18:25 | 914685 bob_dabolina
bob_dabolina's picture

If they want their freedom they are going to need to step it up a notch. So we shall see.

Fri, 01/28/2011 - 18:44 | 914732 Bob
Bob's picture

CNN is cheerleading it.  It seems the people will be amassing at the Information Ministry.  Seems they have grievances with their MSM!

What a jarring slap in the face that speech was.

Looks like the Army will have the final vote.  I hope that they'll weigh their decision on the number of bodies they face.  There's something of the beauty of democracy in that. 

Fri, 01/28/2011 - 18:48 | 914758 bob_dabolina
bob_dabolina's picture

If Americans had been throwing rocks during our one (and only) revolution, the results might have been different.

But don't tell our media/government that. Our country was founded on peace and diplomacy.

Fri, 01/28/2011 - 18:56 | 914794 Bob
Bob's picture

But our government abhors violent repression of the right of the people to free assembly.  That's the only real message I hear coming out of Washington. 

I have to say the hypocracy of that position stuns me.  I wonder what our government would do about demonstrations like that . . .

We have "free speech zones."  With beaten heads and arrests of those who "violate" this concession to free assembly.

Fri, 01/28/2011 - 19:15 | 914839 william the bastard
william the bastard's picture

You obviously missed the 1992 LA street fest.

Fri, 01/28/2011 - 19:30 | 914898 Bob
Bob's picture

Old school. 

2008 Republican Convention.  New school. 

Sat, 01/29/2011 - 14:36 | 916328 Things that go bump
Things that go bump's picture

I was working in downtown Minneapolis during that little love fest, and let me tell you, for sense of entitlement royalty has nothing on these guys - our politicians and their minions. I can assure you I was appalled. They were not particularly welcome to begin with, the Twin Cities has always been a notorious bastion of Democrats, but Norm Coleman was so proud that he had snared this plum for the Twin Cities.  The church ladies at the Dorothy Day Center homeless shelter (located only a block or so from the convention center) were upset that the derelicts and panhandlers they served were rounded up and exported.  They were loud and vociferous in their complaints.  They hold a grudge to this very day and nobody can hold a grudge like a Norwegian.  The shop keepers and restaurateurs in downtown St. Paul, who were so anticipating the money that would be spent by the delegates, had their hopes dashed; and to add insult to injury, not only did they not receive the anticipated remunerative uplift, but lost their usual custom, and the money they had invested in laying in extra supplies.  I bet they will not make that mistake again. The delegates slept and partied in Minneapolis, not in poor, Podunk St. Paul, which suffers not only from failure to thrive, but from delusions of grandeur.  

The delegates were just returning to Minneapolis from their day's labor at the convention center in St. Paul at the height of rush hour, managing to inconvenience the entire Twin Cities with a traffic jam of such nightmare proportions it rivaled the sort we normally only see during a blizzard.  I was offended, I suppose in about the same the way those people who were made to wait on their plane while John Edwards got his hair cut were offended. I have never quite had the fact that there were people who were considered my betters rubbed in my face in such an blatant manner before.  Perhaps because I have never been near such a crowd of people who were considered elites.  It was an eyeopener.  Our society has always been more egalitarian than that in the past.

But I was truly astounded by the ugly behavior of the police - we got a little foretaste of the coming police state here during that convention.  Our police are surly, of course, but they generally confine the worst of their bullying to the poor and downtrodden who can't put up much of a fuss, not nicely groomed middle-class professional people.  During that convention they were aggressively threatening and ubiquitous.  I think they were frightened and I don't really blame them, but it made me frightened to be in the street innocently waiting for a bus.  It wouldn't have taken much to set them to cracking heads.  

Fri, 01/28/2011 - 19:47 | 914930 Max Hunter
Max Hunter's picture

Our government makes me sick to my stomach.. Posturing on about how other countries should treat their citizens... Mother Fuckers!!

Hey Obama... how about putting a couple of bankers in Jail??.. And believe me.. that's just for starters.. don't want to take up too much space bitches.. but this is out of control..

Fri, 01/28/2011 - 20:21 | 915017 Bob
Bob's picture

Ten four.  I found it interesting to hear our government repeatedly defining internet access, particularly to social networking sites, as a core element of freedom of association "in the 21st century."

Glad to know that . . . think I'll prepay my cable for three years. 

Fri, 01/28/2011 - 20:47 | 915061 israhole
israhole's picture

You got that right!

Fri, 01/28/2011 - 18:27 | 914700 bob_dabolina
bob_dabolina's picture

Dup

Fri, 01/28/2011 - 18:32 | 914713 cougar_w
cougar_w's picture

Cairo will burn. What a waste.

Mubarak is consigning is country to ruin.

Fri, 01/28/2011 - 18:46 | 914752 Bob
Bob's picture

What do you think the Army is gonna do, cat?

Fri, 01/28/2011 - 18:56 | 914791 cougar_w
cougar_w's picture

My guess is the Army will impose order when the Mubarak gov is toppled next week and all the heavies have flown. Probably take over for a few weeks as well. Then someone will volunteer to lead a temporary governement until elections can be held. It will be touch-n-go until then, but they might have elections in 90 days. If not, the Generals will take over for good (or at least for a few years) if only to keep the Canal open and reduce the risk of a total takeover by US/EU/UN (take your pick).

Keep in mind, the global economy will just get worse and worse over the next few months. There is no escape possible. Egypt might simply fall into ruin and resulting backwardness no matter who is "running" the show.

Fri, 01/28/2011 - 19:03 | 914810 cossack55
cossack55's picture

You forgot the IMF/ECB/Monsanto

Fri, 01/28/2011 - 19:03 | 914813 Bob
Bob's picture

So you expect the Army to refrain from mowing down thousands of citizens, Burma-style.
That is my hope.
I would say that if it's a just world, we'll be willing to pay them what they need to survive--a fair price, that--for use of their primary resource: The Canal.

Fri, 01/28/2011 - 19:06 | 914823 cougar_w
cougar_w's picture

I really don't see a large loss of life as a result of all this. It may be a long time before you'll want to vacation in Egypt, however.

Fri, 01/28/2011 - 19:08 | 914827 MachoMan
MachoMan's picture

That would probably facilitate the basis for a western military presence...  I'm guessing, despite knowing we're spread thin, that isn't anything they want to deal with...  shooting twenty somethings with water guns is one thing...  fighting storm troopers and laser beams is another.

Fri, 01/28/2011 - 19:28 | 914890 Bob
Bob's picture

So the all-important Suez Canal still will not assure the existance of the Egyptian people?

Perhaps they're not properly playing their hand.  Yet. 

Fri, 01/28/2011 - 19:39 | 914911 MachoMan
MachoMan's picture

Why would they give us a pretense for war?  To say that some country is going to go from a police state/dictatorship to a unified, harmonious government in the span of a day or two is absurd.  Faction after faction is going to be vying to fill the power vacuum, the united states included. 

If the canal is as important of a world trade, choke point, as we think it is (it is), then that necessitates united states involvment until a perfect (burden is upon the egyptians unfortunately) government arises (translation, favorable to western interests).

If TPTB are not prepared for this contingency...  if there is not a plan of action already being implemented, then we are lost.  The contagion has the power to really, really shape the world and it will be tantamount to the impotence of our policy and military to deal with the situation...  which, ultimately will lead to a removal of the dollar oil peg.

Fri, 01/28/2011 - 19:54 | 914952 cougar_w
cougar_w's picture

All true. I don't think it is much of a stretch to foresee $130 oil from this within a month, no matter what happens with the Canal.

Anything over $110 held for long is just the end of the Western world.

Fri, 01/28/2011 - 20:54 | 915075 Bob
Bob's picture

Or a sane restructuring thereof?

Fri, 01/28/2011 - 21:36 | 915176 New_Meat
New_Meat's picture

bright star

Fri, 01/28/2011 - 19:11 | 914832 chet
chet's picture

Reports are that many protesters were happy to see the army, as opposed to the police forces.  Guess there is more trust there.  Who knows how well founded it is.

But they're burning down police stations, and the ruling party headquarters.  This is the real shit.  Good for them.

Fri, 01/28/2011 - 19:26 | 914860 Kitler
Kitler's picture

repost.

Fri, 01/28/2011 - 19:27 | 914879 Kitler
Kitler's picture

Crown Prince Gamal, the son of King Hosni is extremely unpopular with the army. Probably due to his investment banking background back at Bank of America, well that and his plundering of the army's retirement accounts.

Fri, 01/28/2011 - 18:40 | 914740 midtowng
midtowng's picture

He's blaming the cronies he hired. I don't think the people are going to buy it.

Fri, 01/28/2011 - 19:54 | 914950 Max Hunter
Max Hunter's picture

Good God I hope not.. I will lose all respect for Arabs if they allow him to stay in power and he simply cleans house.. I guess that would be it for me, i've already lost respect for the West... Holy Fuck, that would just be a serious kick in the crotch..

Sat, 01/29/2011 - 11:59 | 915951 GDE
GDE's picture

What do you think will happen when Mubarak leaves ?

Democraty and economic wealth ?

Never gonna happen. The Muslims Brotherhood are already on the way. They tried so hard to destroy tourism over the last years by making attempts. It looks like they're achieving their goal right now. Without Mubarak Egypt will fall into islamic violence and real poverty.

Fri, 01/28/2011 - 18:23 | 914677 Bam_Man
Bam_Man's picture

Looks pretty darn good for 82.

Has he been mummified?

Fri, 01/28/2011 - 18:57 | 914792 Kitler
Kitler's picture

New dermatologist. Botox and formaldehyde injections. Berlusconi and Hillary hooked him up. He looks magnificent.

Sat, 01/29/2011 - 00:01 | 915414 Arkadaba
Arkadaba's picture

What vitamin supplements has he been taking - I want some!

Fri, 01/28/2011 - 18:23 | 914680 Aknownymouse
Aknownymouse's picture

What he is saying is not going to fly anymore.  He is giving nothing.

Fri, 01/28/2011 - 18:24 | 914681 john milton
john milton's picture

I would luv to see ben & co in a same situation, giving a speech in some bunker starting " I am 100% sure...that.." then fleeing the scene with helicopter

Sat, 01/29/2011 - 14:45 | 916359 Things that go bump
Things that go bump's picture

"if you sit by the river long enough the bodies of your enemies will float by."

Fri, 01/28/2011 - 18:24 | 914682 ivars
ivars's picture

Empty words. Similar ones we heard from our communist rulers for 50 years. Did mean nothing.

Fri, 01/28/2011 - 18:25 | 914683 hambone
hambone's picture

Is he going to make any points???  Or is this just a diversion so the gold trucks can find their way to the waiting airplanes?

Fri, 01/28/2011 - 18:25 | 914686 ivars
ivars's picture

He does not get it.

Fri, 01/28/2011 - 18:27 | 914697 Id fight Gandhi
Id fight Gandhi's picture

He's just buying time as they loot the gold.

Theyd steal the pyramids if they could walk off with them.

Fri, 01/28/2011 - 18:51 | 914774 tmosley
tmosley's picture

They already did.  I almost missed the news segment myself.

Is it just me or does this seem less cartoony than normal for MSNBC?  http://www.youtube.com/watch?v=GXmQnIoLE6w

Fri, 01/28/2011 - 19:17 | 914849 william the bastard
william the bastard's picture

you seem like a Maddow groupy

Fri, 01/28/2011 - 23:26 | 915356 tmosley
tmosley's picture

Who is Maddow?  I don't even have cable.

Fri, 01/28/2011 - 18:25 | 914688 kengland
kengland's picture

Dude's definitely splurging on just for men

Fri, 01/28/2011 - 18:49 | 914766 Bam_Man
Bam_Man's picture

I thought it was all the oysters, caviar and kristal.

Fri, 01/28/2011 - 18:26 | 914689 Hugh_Jorgan
Hugh_Jorgan's picture

When will we learn that the main reason the Middle East hates us is because of the two faced "freedom" they get from the low-life despots that we install to run their countries with personal and US Gov't interests as their only concerns?

Fri, 01/28/2011 - 18:30 | 914710 kengland
kengland's picture

But we are democracy lovers here in the US. Freedom for all as our heavenly father Lincoln stated....

 

Until it doesn't serve out interest....

Fri, 01/28/2011 - 18:39 | 914735 dick cheneys ghost
Sat, 01/29/2011 - 11:51 | 915932 GDE
GDE's picture

When will you learn that Islam doesn't allow freedom and democracy ? To this day, there was never any democratic muslim country on the globe and there never will be.

Fri, 01/28/2011 - 18:26 | 914690 Burnbright
Burnbright's picture

HA He said he was on the side of the poor! LOL!

Sat, 01/29/2011 - 11:52 | 915940 GDE
GDE's picture

Mubarak made a lot more for egyptians than any other leader.

Fri, 01/28/2011 - 18:26 | 914691 ebworthen
ebworthen's picture

"My fellow citizens, it was necessary for me to shut down the Internet and your freedoms.  You must trust me.  I have been in power for 30 years because I am so popular and fair.  Those people in the streets are agitators, not 'true' Egyptians.  You must respect the rule of law..."  blah, blah, blah.

This speech a prelude to one by a U.S. President at some point in the future trying to keep the Genie of liberty and truth and freedom in the bottle.

Rub that bottle!

Fri, 01/28/2011 - 18:26 | 914694 Thorny Xi
Thorny Xi's picture

There's still gold in the vault ... keep watching this ... yes, look right here at the TV ...

Fri, 01/28/2011 - 18:53 | 914778 tmosley
tmosley's picture

Hey, this is all a bunch of spray painted cardboard!

Fri, 01/28/2011 - 18:26 | 914695 Aknownymouse
Aknownymouse's picture

He announced that Entire Government resigned

Fri, 01/28/2011 - 18:26 | 914696 NOTW777
NOTW777's picture

people starving and he tells them to calm down

Sat, 01/29/2011 - 11:47 | 915930 GDE
GDE's picture

Starving ? Where did you get that from ? Nobody's starving in Egypt. These riots are not food riots.

Fri, 01/28/2011 - 18:27 | 914698 ZyklonMBS
ZyklonMBS's picture

He seems 100% confident to me....

Fri, 01/28/2011 - 18:28 | 914699 hambone
hambone's picture

Everybody else in my government was the problem...they are all fired and I'll hire new better people.  Great idea.

Shit's bout to get real.

Fri, 01/28/2011 - 21:55 | 915208 StychoKiller
StychoKiller's picture

That's practically beggin' the Armed forces to step in and take charge -- time to take an extended "vacation" in Saudia Arabia!

What are the Saudi's gonna do once they've got the entire set of despots, and it's their turn in the barrel?  Where are the cornered rats gonna go, Myanmar?

Fri, 01/28/2011 - 18:27 | 914701 DOT
DOT's picture

Mubarak delivers the " State of the Union ".

Heard the same shit last week, last year, the year before, and before that,

Bla, Bla, Bla, Bla.

Fri, 01/28/2011 - 18:27 | 914703 ivars
ivars's picture

He is going to unleash mayhem.

Fri, 01/28/2011 - 18:28 | 914704 cougar_w
cougar_w's picture

Shorter Mubarak: Fuck you and good night.

Fri, 01/28/2011 - 18:28 | 914707 gwar5
gwar5's picture

THE US SECRETLY BACKED THE UPRISING FOR 3 YEARS -- UK TELEGRAPH

Egypt protests: America's secret backing for rebel leaders behind uprising - Telegraph

Fri, 01/28/2011 - 18:52 | 914775 Batty Koda
Batty Koda's picture

Thank you, i've been posting about the international crisis group's connection to this but nobody seems interested.

http://www.crisisgroup.org/en/about/board/Mohamed%20ElBaradei.aspx

Some interesting names alongside him, George Soros and Grandmaster chess player Zbigniew Brzezinski for starters.

Fri, 01/28/2011 - 19:02 | 914807 gwar5
gwar5's picture

Yep, you're right, looks like it's all part of the big plan.

Anything connected to Soros is grotesque and beyond creepy.

 

Fri, 01/28/2011 - 19:59 | 914966 Quantum Nucleonics
Quantum Nucleonics's picture

Ehh, Zbigniew Brzezinski is a former national security advisor, not a chess player.

Fri, 01/28/2011 - 20:23 | 915023 EscapeKey
EscapeKey's picture

I might be wrong, but I think it's a reference to Brzezinski's book, "The Grand Chessboard".

Sat, 01/29/2011 - 01:41 | 915570 UncleFester
UncleFester's picture

I thought there was a Brzezinski link (youtube?) around here about his latest "...too many people are catching onto us..." bullshit.  Can someone help me out?

Thanks in advance, UF.

Fri, 01/28/2011 - 18:56 | 914785 InnerG
InnerG's picture

rofl

insert new coin and try again telegraph.uk

your article doesn't save any face nor buy any confidence that Israel and America want a revolution

 

they've been a solid ally to the masterplan for 30 years

Fri, 01/28/2011 - 19:06 | 914822 Batty Koda
Batty Koda's picture

And the anglo-american empire wouldn't betray their ally right?

There's a quote about the British Empire that I can't seem to find, but the gist of it is that "It's better to be an enemy of the British then an Ally, that way they won't stab you in the back."

Fri, 01/28/2011 - 19:55 | 914955 Sokhmate
Sokhmate's picture

Engdahl gives examples of this from history in Gods of Money.

Fri, 01/28/2011 - 22:19 | 915254 Hephasteus
Hephasteus's picture

Yup. Let's see Hilary's deep concern for use of force by US when people are knocking down the federal reserve with pick up trucks and sledge hammers.

Fri, 01/28/2011 - 18:29 | 914708 Id fight Gandhi
Id fight Gandhi's picture

Fox neWs... "Wants to tough this out"

Fri, 01/28/2011 - 18:31 | 914711 Kiwi Pete
Kiwi Pete's picture

Dear Friend, My husband is the former well known dictator of a middle eastern country. We have about 75 tonnes of gold that we wish to deposit and are looking for a trustworthy person such as yourself to help. Jus

Fri, 01/28/2011 - 18:32 | 914715 sbenard
sbenard's picture

Kudos Tyler!

It's about time someone connected OUR Fed monetary policy to these events that erupted as an unexpected consequence of our Dollar devaluation, resulting in food inflation in the rest of the world and the toppling of governments in distant parts of the world!

Fri, 01/28/2011 - 18:37 | 914727 arkady
arkady's picture

Egyptian M2 and lax monetary policy is much more responsible than bernanke.   The exchange rate is at a multi-year high.  If the Egyptians pursued a normal monetary policy and preserved strength of their Pound then the problems would have been much less severe.  Certainly the commodity spike caused by US inflation is damaging, but this is a 1-2 combination.

 

http://www.rightcondition.com/2011/01/egypt-on-brink-of-revolution-inflation.html

 

Fri, 01/28/2011 - 18:33 | 914716 ebworthen
ebworthen's picture

Mubaraks' moment tonight will later be shown in the future as an example of "How to throw gas on the fire of a revolt."

Mubarak may very well be throwing out some doubt to buy time to get his family, gold, and assets and ass on a plane to Saudia Arabia.

Fri, 01/28/2011 - 18:49 | 914762 Joe Davola
Joe Davola's picture

NBC is reporting private jets have taken off from the airport - no confirmation of who was on board.

Fri, 01/28/2011 - 18:32 | 914717 Rockfish
Rockfish's picture

To whom are all the police and military folks loyal to and what buys loyalty?

Fri, 01/28/2011 - 18:32 | 914718 dwdollar
dwdollar's picture

If that speech doesn't prove how clueless world leaders are right now, I don't know what speech would.

Fri, 01/28/2011 - 18:33 | 914719 arkady
arkady's picture

Egypt is structured in such a manner that all power is centered within the Presidency.  Therefore sacking the old govt and installing a new government will hardly do anything to appease the rioters.

Fri, 01/28/2011 - 18:41 | 914741 buzzsaw99
buzzsaw99's picture

+1 if he can dissolve the govt then the govt has no power.

Fri, 01/28/2011 - 18:47 | 914754 arkady
arkady's picture

Indeed, astute observation!  This is why the chants are "down with mubarak" not "please dissolve current government".  Oh well.

Fri, 01/28/2011 - 18:34 | 914720 Bay of Pigs
Bay of Pigs's picture

"Maintain Homeland Security".....sounds like a direct threat to anyone protesting.

He looks totally beaten down...been a good run Hosni. Get the jet fired up.

 

Fri, 01/28/2011 - 18:35 | 914721 Arius
Arius's picture

Mubarak is TBTF...if he goes islamist movement will gain hugely....Biden understand it and he is fully supporting Mubarak, hopefully Biden will be able to convince Obama that Mubarak is TBTF....got to bail him out...

Fri, 01/28/2011 - 19:00 | 914744 hambone
hambone's picture

Fuck "moderate" Egypt - true democracy is coming to countries round the world and we are not going to like some of the decisions they make...but that is democracy (if we're lucky, democracy might even come to Amerika).  They are going to make their own calls based on their own priorities (rather than globalist corportate interests via despots).

US's fiscal problems are taking off the lid that has held down dissent to US friendly despots, dictators, royals round the world.  This is just starting.

Those in Arabian peninsula and other amoral governments, better get the gold to the runway and clear landings in Switzerland!!!  Time is getting short.

Fri, 01/28/2011 - 19:14 | 914840 Arius
Arius's picture

hey Hambone - agreed. hope you did not junk my poor judgement....i still think Hosni is TBTF - thats the mentality we got in this country if you are in we'll bail you out...

Fri, 01/28/2011 - 20:06 | 914981 hambone
hambone's picture

Hey Arius,

heck no, I'm not a "junker", more of a "junkee"...though I do enjoy me an occassional Wanger junk.

Fri, 01/28/2011 - 20:30 | 915035 Arius
Arius's picture

thanks. yeah wagner the eternal optimist....makes it fun though having him around...

Fri, 01/28/2011 - 20:06 | 914982 hambone
hambone's picture

d post

Sat, 01/29/2011 - 14:59 | 916389 Things that go bump
Things that go bump's picture

Historically, of course, if the West didn't like the decisions made by democratic elections elsewhere, these countries were encouraged to make more favorable ones.

Fri, 01/28/2011 - 19:15 | 914842 MachoMan
MachoMan's picture

The same islamist movement that helped christians practice in peace during christmas?  And to which the christians may be returning the favor presently?

Fri, 01/28/2011 - 20:01 | 914970 Quantum Nucleonics
Quantum Nucleonics's picture

Somebody better tell that to Hillary, because while Biden is saying were going down with the good ship Mubarak, she's throwing him under the bus.

Fri, 01/28/2011 - 18:35 | 914723 Fix It Again Timmy
Fix It Again Timmy's picture

If that speech doesn't prove how clueless world leaders are right now, I don't know what speech would. - best comment I've seen all day!!!!!!!

Fri, 01/28/2011 - 18:37 | 914730 JR
JR's picture

My take on Mubarak’s initial comments:  I give him a week.   His operative phrase was “we will continue…”

He essentially is telling the thousands of protesters: "You made a mistake."

Mubarak's "I have ordered the government to step down and I will name a new government tomorrow" means a new cabinet.  But that won't be enough.

Fri, 01/28/2011 - 18:38 | 914733 cougar_w
cougar_w's picture

I'm thinking he is deliberately setting his nation on fire with this speech. He probably intends to leave the country, but leave it in ruins. Why would he do that? Perhaps because that way he can get the loot out (gold and antiquities) without a lot of static from anyone else, who will be busy either fighting in the streets or plotting their own take-over.

Fri, 01/28/2011 - 20:22 | 915021 Miss Expectations
Miss Expectations's picture

Egypt army secures museum with Pharaonic gold:

http://news.yahoo.com/s/nm/20110128/lf_nm_life/us_egypt_museum_2

Fri, 01/28/2011 - 18:39 | 914736 Dapper Dan
Dapper Dan's picture

Anwar Sadat he's not, but he could be soon.

How come no one visits Camp David anymore?

Fri, 01/28/2011 - 20:03 | 914973 Quantum Nucleonics
Quantum Nucleonics's picture

Word is that the Obama's hate the place. Especially Michelle. They prefer more urban settings.

Fri, 01/28/2011 - 18:39 | 914737 Atch Logan
Atch Logan's picture

Maybe another Pinochet falls.  Let's hope he leaves on his ass or in a basket. 

Another American puppet finally going his way, hopefully. 

Fri, 01/28/2011 - 18:56 | 914783 AC
AC's picture

Pinochet did not fall. He lost a referendum that was scheduled 8 years earlier, left the house by the front door and led Chile to 20 years of stability and economic prosperity.

Credit where credit is due.

Fri, 01/28/2011 - 19:02 | 914805 ivars
ivars's picture

Pinochet was a great man. He destroyed the socialist disease at his country, to the greater good of all ( except few thousand communists and their kin).

Fri, 01/28/2011 - 18:40 | 914739 JustPrintMoreDuh
JustPrintMoreDuh's picture

Wow great deals on egyptian vacations going on right now.

Fri, 01/28/2011 - 18:48 | 914760 walcott
walcott's picture

and yemen condos...

Fri, 01/28/2011 - 18:42 | 914743 Rockfish
Rockfish's picture

Again another example of the ruling elite doing everything to maintain status quo. "I've got control and I'm not letting go" Bonus checks going out to Egyptian goverment workers.

Fri, 01/28/2011 - 18:42 | 914745 buzzsaw99
buzzsaw99's picture

i wanna see the spinx!

Fri, 01/28/2011 - 19:18 | 914852 MachoMan
MachoMan's picture

hold ma beer, Imma shoot off that there lion man's nose...

Fri, 01/28/2011 - 19:56 | 914959 philgramm
philgramm's picture

LMAO

Fri, 01/28/2011 - 18:46 | 914748 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

It's always a good idea to fire your officers in the middle of a battle.

 

So tomorrow all the guys he just fired will be joining the demonstrations. Nice going Hosni.

Fri, 01/28/2011 - 18:47 | 914753 Rockfish
Rockfish's picture

He says he is firing them but I'll bet they've already left Dodge

Fri, 01/28/2011 - 18:45 | 914749 johngaltfla
johngaltfla's picture

If I'm a fat sheik in Muscat or Riyadh, or a despot in Islamabad or Jakarta, this can not be setting well with them tonight....

Fri, 01/28/2011 - 18:46 | 914751 Dr. Porkchop
Dr. Porkchop's picture

He can't be serious.

He's done.

That's it. Done.

Pack it in.

The riots of the past 24hrs will pale in comparison.

Will the army switch sides?

Fri, 01/28/2011 - 18:50 | 914767 arkady
arkady's picture

THat is the big question is it not?  Egypt's police state is quite formidable, if all of a sudden some units decide they are not interested in following orders - then it is a full blown revolution.  For the time being, nothing has been achieved what so ever.  So it will be interesting to watch what Egyptians do going forward.  It really comes down to the army at the moment.

Fri, 01/28/2011 - 18:58 | 914796 cougar_w
cougar_w's picture

The Army are not professional soldiers. They identify with the people. They will in the end join with the protesters.

Mubarak is done for. Only thing left is to load up the gold and statuary.

Fri, 01/28/2011 - 18:47 | 914755 walcott
walcott's picture

the comments are excellent or I should say good as gold.

lmao thanks!

Fri, 01/28/2011 - 18:47 | 914757 JR
JR's picture

MSNBC’s Richard Engel, on the ground when the police tear gassed protesters and picking up a tear gas canister, saw it was stamped “Made in the USA by Combined Tactical Systems from Jamestown, Pennsylvania.”

Said Engel: “Most Egyptians see the United States as having stood solidly by President Mubarak while the government here grew more and more corrupt.  And they see the Americans as complicit in it.”

Fri, 01/28/2011 - 18:48 | 914759 Atch Logan
Atch Logan's picture

Mubarek is another symbol of American imperialism.  We helped kill off Sedat, we put this jerk in: another US Nation State.

He represents everything that sucks in America transported abroad--and that is now coming to our shores:  freedoms flaunted.

If anyone thinks that the internet and all these little things like Face Book and Tweeter can only be shut down by foreign governments then they are deep into their weed. Stay tuned in. 

 

 

Fri, 01/28/2011 - 18:50 | 914768 Rockfish
Rockfish's picture

I'm waiting for the WMD call.

Fri, 01/28/2011 - 18:55 | 914784 gwar5
gwar5's picture

I thought the radical muslims, aka Muslim Brotherhood, killed Sadat for making peace with Israel...

Fri, 01/28/2011 - 19:53 | 914941 NOTW777
NOTW777's picture

you are right

http://middleeast.about.com/od/egypt/a/me081006a.htm

The attackers would eventually come to be identified as Islamist nationalists associated with the Muslim Brotherhood under the name of Islamic Jihad.

The group was subsequently found to have hatched the assassination plot with Al Gamaa al-Islamiyya, a Brotherhood offshoot that would , in the mid-1990s, develop ties with al-Qaeda and be chiefly responsible for the 1997 terrorist attack in Luxor on Nov. 17, 1997, when six men dressed in black attacked tourists visiting the famous site in Upper Egypt. Sixty-two men, women and children were killed.

Among the group’s leaders: Ayman al-Zawahiri, subsequently al-Qaeda’s Number 2. Zawahiri was tried and imprisoned for three years for his role ion the plot, then expelled from Egypt.

Fri, 01/28/2011 - 19:55 | 914954 NOTW777
NOTW777's picture

wonder if the blame the US crowd recognizes al-Zawahiri

 

Egypt let him go free

Fri, 01/28/2011 - 18:48 | 914761 Quintus
Quintus's picture

I understand that the crowds in the streets of Cairo are chanting (In Egyptian obviously) 'Bread, Freedom, Social Justice'!

Interesting that 'Bread' is their primary concern.  

Hey Bernanke, got any comments on the primary driver behind the explosion in Wheat prices recently?  Looks like your genius QE program really has sparked a revolution that's brought down the government of a country of 90 Million people.  There are no doubt many other grievances with the Egyptian Government, but it looks like hot money driving food commodities higher was the tipping point.  Well done.

Fri, 01/28/2011 - 18:50 | 914769 Dr. Porkchop
Dr. Porkchop's picture

Bread is primary. There can be no freedom without bread.

Fri, 01/28/2011 - 19:00 | 914800 Quintus
Quintus's picture

Let us hope that if the same thing happens in China, which has similar issues with large numbers of people being impoverished by rapid inflation, somebody sensible is taking care of their nuclear arsenal.

Of course the Chinese could use their massive currency reserves to buy up enough of the worlds resources to keep their own population quiet, but only at the cost of placing even more pressure on the marginal countries of the world.

This thing has a long way to run yet, I fear.

Fri, 01/28/2011 - 19:21 | 914864 Arius
Arius's picture

we'll fight it tooth and nail...you can bet your last dolar...

Fri, 01/28/2011 - 18:49 | 914763 hambone
hambone's picture

Egypt is done!  Who is next and in what order???

Algeria

Jordan

Syria

Yemen

Saudi Arabia???

Fri, 01/28/2011 - 18:52 | 914776 gwar5
gwar5's picture

Watch out for Pakistan, they've got the nukes. Who's watching the nukes?

Fri, 01/28/2011 - 18:57 | 914782 hambone
hambone's picture

Good point - don't forget all the "stan's".  Rather than rise up I figure they'll opt to "stan's" up.

Fri, 01/28/2011 - 19:25 | 914876 MachoMan
MachoMan's picture

It's everywhere...  this is why you do not create world killing technologies at the same time you embrace boom>bust economic systems....  eventually, the world killing technologies cannot be contained or maintained.  And the list is not just nukes, but bio weapons, deep sea oil wells, chemical weapons, etc.

Fri, 01/28/2011 - 19:00 | 914801 Dapper Dan
Dapper Dan's picture

I think your list as is will suffice,  But when we get to the House of Saud,  well....... that is when even The HarryWanger will short.

As in shit his Short's.

Fri, 01/28/2011 - 19:02 | 914806 Quintus
Quintus's picture

He'll still be long AAPL though :-)

Even starving people need iPads.

Fri, 01/28/2011 - 19:15 | 914843 arkady
arkady's picture

Jordan is a very strong possibility, already protests have begun in Amman.  Yemen for sure, unstable region.  Syria is possible, rumors of Internet shutdown is certainly odd.

 

Saudi Arabia is quite safe IMO.  Their money situation is very stable and the Saudi Central Bank has been pretty tame with their money.  Their inflation compared to other places where the Dollar peg exists is virtually non-existent (5% or so?) and they have taken extra steps to invest in food to mitigate rising prices due to Bernanke's feeding of the commodity complex. 

Fri, 01/28/2011 - 20:15 | 915004 hambone
hambone's picture

Agreed on the fiscal side - the problem in Saudi is the people are better educated and have higher aspirations.  But they live in a 13th century middle ages mindset country with royals who steal everything as their birthright, party til 6am w/ the Playboy models, and spit in the face of a pretty conservative populace. 

Wanna talk about repressed, a little crack is all it will take for the house of Saud to get bizy.

Sat, 01/29/2011 - 00:19 | 915445 Arkadaba
Arkadaba's picture

I find it interesting that the countries that are folding are those who have had a traditional middle class. Both Egypt and Tunisia are countries with a middle class that is being squeezed and a rich history. They are not Yemen. My bet is on Algeria next.

Fri, 01/28/2011 - 18:50 | 914770 mfoste1
mfoste1's picture

This will not calm the people....Mubarak is only trying to cover his tracks by blaming his "party". I give great credit to the people of the cities Alexandria, Cairo and Suez. They had the stones to get the ball rolling, now they just need to finish the job.

Fri, 01/28/2011 - 19:01 | 914786 Dr. Porkchop
Dr. Porkchop's picture

This is the crumbling of the outposts of the empire.. interstingly in a place where others have crumbled.

Fri, 01/28/2011 - 18:55 | 914787 jtmo3
jtmo3's picture

Empty words, but enough to stop the rioting. Man, he's learned well from his masters. The speech itself will keep most off the street waiting for something good to happen. Story over for a while. Can anyone say ECB?

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