This page has been archived and commenting is disabled.
Mubaraks Have an Estimated Net Worth of $40 - $70 BILLION Dollars
It pays well to be a dictator who terrorizes his people with U.S. backing.
As ABC News reports:
"He
had a very lavish lifestyle with many homes around the country," said
[Aladdin Elaasar, author of "The Last Pharaoh: Mubarak and the Uncertain
Future of Egypt in the Obama Age], who estimates the family's wealth is
between $50 billion to $70 billion.
Remember, two of the men listed as the second and third richest Bill Gates and Warren Buffet - have $53 and $47 billion, respectively.
It's not just Mubarak. ABC writes:
The family's net worth ranges from $40 billion to $70 billion, by some estimates.
Amaney Jamal, a political science professor at Princeton, said those estimates are comparable with the vast wealth of leaders in other Gulf countries.
"The business ventures from his military and government service
accumulated to his personal wealth," said Jamal. "There was a lot of
corruption in this regime and stifling of public resources for personal
gain."
***
Jamal said that Mubarak's assets are most likely in banks outside of Egypt, possibly in the United Kingdom and Switzerland.
"This is the pattern of other Middle Eastern dictators so their wealth
will not be taken during a transition, she said. "These leaders plan on
this."
The politicians in Washington, D.C., make dictators and giant banks rich, at our expense. Too bad they are not helping the American - let alone the Egyptian - people.
- advertisements -
Now I see why 40% of Egyptians subsist on 2 dollars a day.
The wealth should be seized and used for the benefit of Egypt.
Disgusting.
Did he get into the ground floor in the Face Book placement?
Considering facebook is CIA/NSA and Mubarak is a CIA branch office I would say "Yes".
But maybe I'm just jealous because Mubarak has a better facebook page and more "friends" than I.
Yeah, you could really see the NSA/CIA roots when people started to use Facebook to organize corporate boycotts... Not happening! As opposed to being supportive of that kind of thing, as you would expect, if it was an honest business!
I remember all too well the 'dangers' of the internet that we were routinely advised of. Don't post any personal information, don't use your real name, don't trust anyone over the internet, and certainly don't use the internet for social networking! And then, boom, Facebook and Myspace pop up within 12 months of each other, and the media goes about rewriting the rules of the internet. Basically, there was a massive pent up demand for social networking, and when the NSA/CIA had their portals ready they had the MSM stop pumping us full of internet fear, and replaced it with internet 'hope'. Oversimplified, but that is the gist of it.
Any way, check out the latest from the Capital Research Institute:
http://www.capitalresearchinstitute.org
Why the Fed Can't (And Won't) Raise Interest Rates
The signs of currency devaluation are all around us. Yesterday (Feb. 4th) commodities surged. Gold surged too. Are we really supposed to believe there is that much extra demand for commodities and gold, or their supply that restricted, that prices have been positively skyrocketing these last few months? Of course not. What has been happening is a devaluation in the underlying currency these commodities are priced in, the US Dollar. Currency depreciation can be tough to spot in an environment such as the current one, as most people will look for currencies to appreciate vs other currencies. What they are forgetting is that we live in a historic period where every nation of economic significance is involved in a no-holds-barred (currency) race to the bottom. That means currency exchange rates may stay stable relative to each other, but not to commodities, nor to the one currency no central banker can create out of thin air, gold (and silver).
What is required to stop such runaway inflation in basic commodities? Well, since it is being caused by devaluation of currency, the natural way to stop it would be to ‘revalue’ your currency, or in other words, make it more valuable. In short, the USD needs to appreciate, not depreciate like it has since the crisis in 2008. What is the easiest way to get a currency to appreciate, raising interest rates of course! So even though we clearly see conditions have arisen that naturallyare countered through an interest rate hike it is unlikely the Fed will raise rates significantly (if at all!).
Thanks - first laugh of the day!
Thieves who should be outright killed.
Speaking of, you have to wonder how many billions Obama has rat-holed since he started to feed at the same tax payer funded trough.
people that aren't greedy enough to hang on to their money will always suffer. sad but true. he is most likely hiding it in germany or bermuda.
http://covert2.wordpress.com
<p>Mucho Thanks for this, GW.</p><p>Of course, no truly self-aware person believes those Forbes and Fortune listings. Anyone familiar with forensic accounting and forensic econ, or has read Ferdinand Lundberg's work, certainly comprehends that the billionaires of North America (and most probably elsewhere) long ago sheltered and hid their extensive fortunes and holdings in foundations, trusts, offshore finance centers and the like (along with those endless holding companies to hide ownership, and SPVs and SIVs to hide both debt and capital).</p><p>Gates and Buffet are waaaaay down there, the Rockefellers, Morgans and Du Ponts still rule supreme, and I wouldn't be surprised if the Rothschilds are still on top (haven't ever researched them, other than to realize they have intermarried with the Rockefeller clan).</p>
Mucho Thanks for this, GW.
Of course, no truly self-aware person believes those Forbes and Fortune listings. Anyone familiar with forensic accounting and forensic econ, or has read Ferdinand Lundberg's work, certainly comprehends that the billionaires of North America (and most probably elsewhere) long ago sheltered and hid their extensive fortunes and holdings in foundations, trusts, offshore finance centers and the like (along with those endless holding companies to hide ownership, and SPVs and SIVs to hide both debt and capital).
Gates and Buffet are waaaaay down there, the Rockefellers, Morgans and Du Ponts still rule supreme, and I wouldn't be surprised if the Rothschilds are still on top (haven't ever researched them, other than to realize they have intermarried with the Rockefeller clan).
++
In a country where the majority lives on $100/month he is worth 10's of billions..
Sounds about right. People need to fucking wake up...