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Mubarak, Suleiman Step Down
Update: ElBaradei has said he won't run for president. In the meantime, the Egyptian military has announced it will sack the cabinet.
Omar Suleiman has just announced that Mubarak has stepped down. And with Al Arabiya reporting that Omar Suleiman has also stepped down, this means that the military is now in charge. The countdown to peaceful revolutions all across the Muslim crescent is now on.
Watch the jubilation at Al Jazeera
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Yep, and not just giving up the FRN powers, taxation (I could go on and on( but we have to get the gold back from these fascist scum. Intel and wet work on these country-thieving basturds.
And this years $135 billion in bonuses for plundering the U.S.A is NOT a grab of the wealth of a nation?
It is going on before our very eyes. The economy has NO sustainable growth, the middle class has been bled dry and the New York Bankster Cabal is partying their way to their offshore bank accounts.
Compared to the theft here, Mubarak is a punk.
S+P to 1350 by the end of the month.
The CIA always had this under control. When everything else fails just turns things over to the Army.
What a fucking joke we've become.
Again with the past tense.
Amazing that lame Whiteboys have put this REVOLUTION in the history books after a dozen minutes despite the uncertainty of the situation.
It's not over - not by a longshot.
Exactly, now the real fight begins. Only now we should expect more bloodshed as actual weapons will be involved. U.S. - supplied weapons, might I add. Going from Mubi to the Army is not what the protestors have in mind. This will get uglier!
It's over. There will be no bloodshed. The illusion of democracy has been delivered, game,set, match.
... says the ignorant Whiteboy propagandist.
It's not over until they have a new government after open elections.
But as a practical matter, it is totally over.
The Army will hold their ground as they have, stop any looters, and probably drag the secret police out of their bunkers for trials. Not much will happen but the situation will evolve.
Egyptians won. The man on the street won. The fear is that it could happen anywhere now.
That it could happen in the US.
The fear is here. Not there.
would the US military support "us?"
I will give you an honest answered.
No.
I could eleborate on why I think they would not. I don't have the time today. But it has something to do with knowing who feeds you.
that's my take too..until their extended family starts going hungry. Then all bets are off.
The military might take their orders from the gubment, until they started getting picked off by 150 million armed americans, then change their minds.
That might be true.
However it makes for a really bad 90 days until they get their priorities straight.
need to factor in the private "military" that has parasite status within the government now - they kill for money, and are well compensated. . . and they're increasingly "embedded" like CIA moles.
know who you trust, and why.
Dream on.
Huh?? We have an army of farmers?? Milestones
Quick poll of personell I know-Yes.
Okay... so who's in charge? I don't buy "the army" is in charge.
The government of Egypt is in a state of flux. Sorta like Somalia or Ivory Coast.
Agreed. At the expense of sounding like my foil hat is too tight, I don't buy this. What has changed? A ploy to get the people to go home and get back to the way things were. Then its business as usual.
The Army is in charge until after elections.
That may have been part of Chairman Mao's philosophy as well.
Here's another:
"Political power grows out of the barrel of a gun." -- Mao Tse-tung
So what? The Egyptian military could have already used the gun to keep their boy in the seat, and did not.
Not everyone read Mao. Not everyone who did thought he knew shit. Not everyone who thought he knew shit joined a modern military. Mao is dead, even the ChiCom don't read him anymore, we have another chance to do this thing right. The Egyptians are giving it their best. Well fuck what people think, have at it man!
I really do think they'll be fine. We should be taking god-damned notes and worrying a lot less about boogie-man Chairman Mao.
Copy that! I suggest again that we should start putting together a guide on how to conduct a successful revolution, starting with guiding principles. The US Constitution is a good start; maybe add a few new amendments:
28. Congress shall make no law abridging the freedom of production and trade.
29. No one can be re-elected to Congress for more than three consectutive terms.
30. No one can be re-elected to the Senate for more than two consectutive terms.
More, perhaps better, ideas can be contributed to this.
I’m assuming Mubarrak threatened to stay, made the speech, pulled his
trump card and then they caved and transferred billions to his off shore
accounts to get him out.
He learned the fine art of blackmail from Paulson.
One more Socialist bastard is down.
Lets go for the next
WTF. How is a dictator socialist?
~70% of the population works for the government.
http://humanknowledge.net/PoliticalSpace.jpg
Assuming it is even true, that's not because of socialism. It's because of oil; they grew a population 3x without having to build an economy. Oil provided for everything.
Of course, they are soon to be net oil importers. Things will get interesting soon after.
"soon to be net oil importers" my guess is this year they will be net importers. Production is dropping but consumption is rising.
They're still gas exporters.
Most of the dictators are Socialists.
In Greece we have a Socialist dictatorship
Behold Hephasteus: gaining wisdom.
Hey I can't know everything.
That's why I'm here too.
Go read Liberal Fascism or something, this is really basic stuff.
[How is a dictator socialist?]---Hephasteus
Socialism: any of various theories or systems of the ownership and operation of the means of production and distribution by society or the community rather than by private individuals, with all members of society or the community sharing in the work and the products. ---Webster's New World Dictionary
Socialism is managed through centralized authority of government.
Can you think of one dictator throughout history who did not, from the balcony of centralized government, promise his or her people the "benefits" of socialism---whether the people received those "benefits" or not.
The price tag of socialism is individual liberty.
Comprehension fail.
I want you to read that definition again and compare it to what you wrote there and think really hard about it, OK?
"... and distribution."
So how's that equal distribution part working out in Egypt?
Does everyone living there have $40,000,000,000 in their bank accounts?
Well...putting in a road shared by neighbors can be construed as "socialism".
The whole western world is far too socialist, breeding government unions and rampant inefficiency - all in the guise of safety and betterment.
Olaf Palmer?
FDR?
FDR?
FDR?
A 'socialist' wholly owned by foreign Capital.
Funny how words lack meaning. Funny how, in a 'socialist' country, CAPITAL is concentrated in private hands.
I thought that was the definition of Capitalism.
This is the definition of CORPORATISM.
You must start all over preliminary school.
I know what Capital is. You don't.
The corporate form is just that - one form within a larger system of Capital domination.
That's our world - the one that has given us 500 years of genocide and slaughter.
You ignore CORPORATISM.
Go back to school
So you are against corporatism, but for capitalism?
How would you propose to fight corporate power?
That's the problem. Capitalism leads to Corporatism which leads to Fascism. Its like a banana. it starts out sweet but eventually matures and stinks up the whole fuckin house then you gotta toss it out.
what's the next step? i dunno...Venus project looks pretty attractive.
Didn't start out too sweet for the Arawak. The first thing Columbus did is kidnap them ... in the interests of Capital (i.e., his investors).
Well technically that was slavery which started out for the Arawak when columbus came over.
WRONG. Capitalism doesn't necessarily have to lead to corporatism. Corporations are creatures of the law, not of the marketplace. It is the corruption of our laws regarding the formation and chartering of corporations that have led us to this point.
#1: Remove the corporate veil!
#2: Make coporate malfeasance susceptible to UNLIMITED LIABILITY!
#3: Make the corporations answerable to the State Governments.
Let's not forget that the last time the military took over in Egypt they wound up with - wait for it - Mubarak. Wonder what kind of dynamic leader the military is going to choose to terrorize the people for the next 30 years.
He was almost gunned down with Sadat (he was VP at the time). Funny how people forget that no Arab country sent any Head of State to his funeral (only Sudan) but the US had three Presidents show up (Ford, Carter, Nixon). Mubarak was a ruthless US puppet, much like the Shah of Iran.
And we sit and make assumptions on who should lead their country and what kind of gov't they should have? Simply amazing, totally arrogant and beyond stupid all at once.
The thing that really offends the intelligence of people everywhere is claims that the people aren't ready for change, or what their stance would be on Israel (ie- aggressive).
The fact that the protests were, by all accounts peaceful, speaks volumes of the people. To assume that they would then turn violent is just absurd.
It would seem a universal truth is that average people everywhere want to just be left alone.
Precisely. And that is the one thing government is incapable of doing.
Yeah, but like, we're the USA and we get to tell everyone how to act. World's policeman! Safe for Democracy! and all that trash.
Of course your observation is right on. People in the US love to speculate about problems in other countries...all while pretending of course US shit doesn't stink. It's arrogant, yes, but what are we to expect from a country obsessed with reality TV and tabloids?
The US: full of armchair quarterbacks and perfectly clean diapers. Ha!
"arrogant" - usually hand in glove with ignorant. . .
No, the last time the military took over Egypt got Nasser.
Mubarak was a product of the military, and indirectly of the Free Officers Movement that Nasser led.
If free and fair elections aren't forthcoming, then the military is setting up for another revolt -- doesn't sound productive or rational to me.
You got that right.
So everyone buys cmg nflx and aapl right?
Egypt didn't matter before but now it does?
Fuck out
....and now back to your regularly scheduled nonsense....DOW up.
America would experience same jubilee celebration when we end the Fed. And end to the bondage of debt based money.
Fed’s Warsh Quits; Bernanke Adviser Questioned QE2
http://www.bloomberg.com/news/2011-02-10/fed-governor-kevin-warsh-resign...
Federal Reserve Governor Kevin Warsh, who was one of Chairman Ben S. Bernanke’s closest financial-crisis advisers before becoming the only governor to question the expansion of record monetary stimulus in November, resigned after five years at the central bank.
Warsh, 40, a former investment banker who was the youngest- ever Fed governor when then-President George W. Bush appointed him in 2006, will leave “on or around March 31,” he said in a letter today to President Barack Obama that was released by the Fed in Washington.
hmmm. . . rats 'n' sinking ships metaphor comes to mind.
Indeed. Don't forget it was Warsh who acknowledged the gold swaps to GATA.
'Sheep Who Dares, Wins'
Nice
Watching this on CBS-the lady is talking about the state news channel as the main propaganda outlet. Good thing it's not a problem here in the USA..USA....USA
Great.
But its only the beginning.
+1
1) Ciao Pharoah Mubarak. At least you were smart enough to leave with your head attached. Congratulations to the modern day successful slave rebellion in Egypt (not the first time).
2) Anybody who doubts silver is manipulated, just look at the 11 am action when the fresh POMO cash was made available....coincidental timing with the Mubarak announcement also at 11? How could this announcement possibly be bearish for silver?
coincidental timing with the Mubarak announcement also at 11
Coincidence? You jest.
It is and will stay a yoyo effect on oil pm's and the dollar, until the last middle eastern
"democracy" is being brought down, whenever that will be! For now, Egypt will follow
other former regimes into a "democracy" of oligarchs and gov leeches. No real reform
here! The country will be depleted of all it has left by other hungry "presidents"!
CIA at least has succeeded in "securing" Suez and what's tied to it! Next!
i dont know about u guys....but this must mean i should sell all my Silver and Gold cause apparently based on the the price movements today everybody else is...
yeah, right....
They must have found a good place to move their money.
London isn't good enough?
You have to wonder if stocks will be reacting quite so positively to this news on Monday when the reality of what just happened sets in.
Hint.. it's not going to be a new era of middle east stability.
Are you supposing that things will now be worse? On what basis? Just out of curiosity.
Egypt will elect a new government, probably some kind of coalition, and they are still likely to be fairly pro US and fairly neutral to Isreal. That's not a problem.
However, what just happened in Egypt now has a much higher chance of happening across the rest of the middle east. The people can depose their dictators. They have seen it happen.
If the same thing happens in Saudi or Jordan do you think the people there will elect a pro US government? Not a chance.
A revolution in Saudi or Jordan will not be good for stock prices. Since there now a much higher chance of this occuring I expect this to start getting priced in.
Fair.
On the topic of stock prices as they relate to Saudi or Jordan...I don't care. That would be the least of our worries, if as you say, they would no longer have a "pro US" government.
Next domino, Algeria?
I think it's very hard to shut up a whole population that has just awakened politically and has a pretty good idea what it wants and what it needs.
This isn't over by a longshot, but in the short-term I anticipate that the protests will stop. The REVOLUTION needs time to recharge and survey what comes of this.
But if decisions are made by the military that continue Egypt's servile collaboration with Apartheid Israel, Uncle Sam, and the IMF, expect them to pick up where they left off today, with only the focus of their anger and steadfastness changing.
A-J just reported that Switzerland has frozen Mumbo's assets, who knows how much - of course.
Just another good reason to have some Kruggerands in your pocket(s)!
What would happen, if in every town in the US, for the next 18 days, we simply quit working? And got rid of the absurd nanny-state thereby?
Thats a fantastic idea. Is there an group organizing something like this? Website?
I think I'll do a search and see what I come up with.
There is such a group, and I'm 100% confident your search landed you at the Fed Reserve's website....it appears they intend for all of us to quit working, albeit for more than 18 days....
...yes, and the government even has special housing arrangements established for many citizens across the USA. I heard that FEMA will be in charge of resettlement operations, so no worries!
Hard to have a serious social movement without functioning unions and a political left.
Obamanation has neither.
"Congress shall have power... to lay and collect taxes".
Sorry, no, you can't rob us today, tomorrow or ever. Just another band of criminals here with better PR program. Let FREEDOM reign (and free markets in money, adjudication and security).
http://www.youtube.com/watch?v=ngpsJKQR_ZE
What a total joke this market is.
Indices take off like a crack-head who's found $20 down the sofa.
Bad news is always good, good is good, bad is to be ignored completely and not thought about again.
This whole system is going to crash down to nothing. There aren't even any parts of this joke worth saving.
+1 ready rock
Mubarrek covered his short positions in overnight markets and is now buying gold for his happy days ahead.
He's what, 82? Happy days ahead? Gold? $70 billion? for what?
$70 billion...have you priced nursing homes lately? :>D
"Standard Template established" I think the WH is hoping the recovery takes hold before better weather in Washington, because I'm sensing a disturbance in the force that could find it's self occupying Pennsylvania Ave. this spring or summer. Let's hope this peacefull demonstration finds itself on our shores, it's way overdue.
3 million gaunt and irate US food stamp holders are marching right now towards the Fed.
Gaunt people in the USA?
ROFLMAO that YASFS.
You are looking at the Bourke-White photos from the previous Depression. There are no gaunt white Americans this time. No breadlines either. Move along...
3 million?? What a pitiful showing. What are the other 41 million who are on food stamps doing?
Loading up on cheap carbs at Wal-Mart.
Look at some of the historical photos from the 1930's- you see skinny people, gaunt people.
Seriously gang, when is the last time you saw a skinny, obviously hungry person in the USA or Canada?
Well, I saw a skinny person in Chicago once; but Oprah ate her.
My 2 cents is that Egypt will muddle along on the same path of Russia- power being concentrated in the hands of those that control the media and police/military.
Egypt has no history of democracy, only a history of longing for benevolent dictatorship- the make believe world of the omnipotent parent/big guy in the sky.
one cannot help but wonder what story the Egyptians tell about "you" - given the evidence of amrkn military-monopoly, and subservience to a small group of "foreign" interests. . .
Well Cathartes...
I don't wonder what stories Egytians tell about me.
And for what it is worth, I believe we are witnessing one more straw on the camel's back of the American Military Empire.
Just like Britain's "sale" of it's key foreign bases to it's (to be) ally and "friend" the United States while fighting for its life and island during the beginning of WWII, I am seeing a nation (the USA) stumbling and bumbling its way back home.
When larceny is rewarded and thrift is punished, the foundation of a nation is quickly rotted away.
Exactly. If people were really starving in America, pigeons wouldn't be tame.
About 20 minutes ago...they line up at the churches every Friday here in SF to get a space in the shelter.
What are the rules for junking? Nothing you said seemed to merit one. Oh, right, anything dealing with charity for those less fortunate is considered socialist. And we still believe in working hard and all that.
I, for one, do NOT view charity as socialist; rather it's the best repudiation to socialism!
Yesterday. 1,200 living in a tent camp 60 miles NW of the nations capital.
Gaunt on doughnuts,TGIF frozen finger food
and 12 packs of mountain dew. After a diet like
that for a couple years, a flu virus should take
care of a whole lot of 'em.
World War I veterans tried this during the Great Depression when congress wouldn't pay out a bonus that had been promised them. These were desperate, hungry men, some of whom had been out of work for a very long time. They camped out in DC and demonstrated. Finally, when they wouldn't leave, the army fired on them. That is the reward you get for serving your country in a time of war. These were veterans who had been promised something. How do you suppose they would treat civilians?
Lets hope the Arabs don't f+ck up this opportunity to finally get something right after 1400 years of stupidity.
Go Long Hire-a-Glyphics
Short Rent-An-Asp.
Go long Ptah Ra Amen.
White Capitalism has genocided the world and annihilated the biosphere in only 500.
Time to pick a new corrupt general.
Then they went to the coin shop and bought $70 billion worth of silver coins?
PLEEEAAASSSE let this spread to Iran!!!
Stuart,
This would spread first to Saudia Arabia where the House of Saud is faking, or not faking, the King's death. Then it would join with Iraq and other smaller west gulf states. The east gulf states will likely crumble too, at the hands of the printing presses from hell. Pakistan is already in total disaray, China is feeding its poor with plastic (which is nothing new to Americans), and Iran can not start its nuclear reactors- 'thank you Stuxnet!'-Sarc/off.
But yeah it will 'spread'. No globalist leader will stop food prices from inflation, until they hedge away from the dollar. It is the dollar that is causing all the problems, and the problems only stop with the dollar.
strange days indeed, most peculiar baby
Humans are babies once again, naked and hungry to know. The world is waking up; do the 'first world' people still rest comfortably with their fiat dollars?
Revolution! And the Egyptians have shown they can change the world peacefully! Peace is more powerful than anything. Take note Americans/Europeans. Egypt just made Americans et al look absurd! Americans clutch their guns and Europeans clutch to their ideals, like boys fiddling with their balls, but they do nothing more than talk. Walk on the Federal Reserve. Every weekend, protest!
The next move is the kicker. What will the demands be? An established Republic perhaps? Or will a faction of power take hold of this Key Middle East state?
remember the closing scene of the film Witness when Harrison Ford's character confronts (his old leader) now corrupt police chief and asks him how he's going to get out of this. What are you going to do shoot all of us, it's over. When will we realize what the Egyptians have come to know as truth?
When Egpyt's 'new' parliment raises wages to curb food price inflation, or when oil is $5/ gal.
Oh it'll spread just not Iran
Congratulation
http://dawnwires.com/politics/congratulations-egypt-has-finally-got-rid-of-mubarak/
next stop CLH1 85.11...
http://en.wikipedia.org/wiki/April_6_Youth_Movement
How is it I have not heard of these guys until I watched news from outside the US?
Seems these guys have setup first aide stations, provided food, shelter and communications to the protesters in Egypt.
All I hear on American TV is the "brotherhood", be afraid, be very afraid.
What a piece of crap this government with it's oligarchy control has turned into.
Seems to me, the revolution starts now, with or without us.
You know exactly why you haven't heard of them.
Funny, CNN reports on the "Brotherhood" are now painting them in a more positive light.
What is to fear when the protests were for the most part peaceful. Even after that nonsense a week ago.
The Muslim Brotherhood is the mothership. Al-Qaeda and Hamas are just their subsidiaries. They're encouraging the protestors because they want to take over like the Taliban. That's the only reason they were created. Obama seems to know this and supports them and legitimizes them anyway.
Hezbollah, Hamas, and the Taliban also do social work. And they consider killing non-muslims and gays as part of their social work. They provide social services according to sharia law, to the sharia compliant.
Just before the uprising in Egypt, Coptic Christian Churches were being blown up as a foreshadow. The Christians make up 12% of the 90 million in Egypt -- 10 million. Until the muslim brotherhood came along in 1928 they got along in Egypt.
Egypt Fears New Coptic Christmas Eve Attack - CBS News
gwar5 just continues to cut and paste this stupid propaganda despite all evidence to the contrary.
His beloved Brotherhood did not have a damn thing to do with this REVOLUTION. They didn't come out to the marches, they didn't set up shop in Tahrir Square, they didn't endorse the strikes, and when the REVOLUTION was attacked they sat around with their thumbs up their collective asses.
In fact, the only thing they've done is talk with the entrenched power structure and count their paychecks from Uncle Sam and British Intelligence, who started the organization in the 1920s.
gwar is a cheap propagandist, and an islamophobic hack.
My oh my, aren't you in a name-calling snit today?
Lots of people who think they know more than they do about a situation that still incredibly fluid.
In the case of gwar, he's been shamlessly beating the MB line for weeks without any evidence of their presence (since they had none) in the REVOLUTION).
Isn't it obvious? It's not in the interest of TPTB to have democracy in Egypt.
If you are really interested in reading about them, they have a facebook page updated almost as much as Zero Hedge.
USD should sell down now since there's no more need to worry about flight to "safety".
yes it should considering what the IMF said yesterday. from the front of the drudgereport.
http://money.cnn.com/2011/02/10/markets/dollar/index.htm
IMF calls for dollar alternative.
and yet gold and silver are down. interesting . thank you blythe.
Are political organizers in other troubled areas encouraged by the speed and ease of regime change?
Who's next?
May the Force be with us.
Is it too late to buy egyptian etf's
Only down 8% YTD through a revolution no less.
Viva la junta.
.....solidarity with the EGYPTIAN PEOPLE. i've been to EGYPT, spent time there; the people are wonderful, warm, caring, love their family......
I have heard the same; however, I would have to imagine they are very hungry as well.
Algos for the HFT machines:
Egypt vaporized=stocks up 100 handles
Egypt shits itself=stocks up 100 handles
Egypt citizens give up=stocks up 100 handles
Egypt attacks another soverign=stocks up 100 handles
Egypt 12.0 EQ everything destroyed=stocks up 100 handles
Egypt appoints King Tut=stocks up 100 handles
Egypt comes under the rule of RA=stocks up 100 handles
Egypt Hosni lies for the 1000 time=stocks up 100 handles
The umpire throws his thumb over his shoulder. "You're outta heeeeeerrrrrreee!"
Not just military power, people power. The audio (interviews) from A-J are awesome. What a day!
http://www.youtube.com/watch?v=5roebfnD-bc
Way to go, dudes and dudettes!!!
http://www.marketwatch.com/story/why-us-farm-policy-caused-egypt-crisis-...