With Less Than A Day Left, Mursi Demands Withdrawal Of Ultimatum; Mubarak Says Mursi Should Step Down

Tyler Durden's picture

When news hit 30 minutes before the market close that the Egyptian president would have a joint statement with the local military, some saw  this was a good sign that there may finally be a compromise forming. Couldn't be further from the truth. As Reuters reports, Egyptian President Mohamed Mursi called on the armed forces on Tuesday to withdraw an ultimatum for him to share power with his political opponents and said he would not be dictated to. "President Mohamed Mursi asserts his grasp on constitutional legitimacy and rejects any attempt to deviate from it, and calls on the armed forces to withdraw their warning and refuses to be dictated to internally or externally," a tweet on the official Twitter feed of the Egyptian presidency said. A military source said the armed forces had seen Mursi's statement and would issue a response to it.

And just to complete the epic farce, Al Arabiya reported that ousted Egyptian President Hosni Mubarak said that the country’s current Islamist president, Mohammed Mursi, should step down for the sake of the Egyptian people. One couldn't make this up, nor could one make up the losses those short Egypt risk protection have suffered in the past month as Egypt CDS have widened by 50%.

In the meantime, US puppet Mursi has precisely 23 hours and 53 minutes.

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buzzsaw99's picture

a puppet cannot step down, the strings prevent this

Groundhog Day's picture

we'll see who is bluffing in less then 24 hours

francis_sawyer's picture

I 'doubled up' on the yeast & sugar to help my BREAD HELMET dough rise faster... I'm nervously drumming my fingers at the moment...

Xibalba's picture

T-9 until the 'red line' has been crossed in Egypt....must invade, achem...I mean 'liberate' them with US drones.

ACP's picture

Looks like an Egyptian Standoff.

zerozulu's picture

Morsi did the same mistake as a lot of other before him did. And that was, he did not execute Mubarak.

Rusticus's picture

Mursi is in denial, which is not just a river in Egypt

Flagit's picture

Mursi is in denial, which is not just a river in Egypt


i didn't know your were Egyptian....cause you are knee deep in  DA NILE!

i also like,

ya'll must be haunted.......cause this is some BOO-lshit!

McMolotov's picture

To horribly mangle a Marvin Gaye lyric, "Mursi Mursi me, things ain't what they used to be."

Whatever happens, the ordinary Egyptian citizens will likely suffer. It's the same tired script over and over: One dictator gets traded in for another, usually with the backing of Uncle Sam. And people wonder why most of the world hates our government? Who can blame them? It didn't used to be this way. We had a long-ish tradition of staying out of other countries' business, but we've thrown that away over the past hundred years.

Things ain't what they used to be, and everyone is worse off because of it.

Flagit's picture

To horribly mangle a Marvin Gaye lyric, "Mursi Mursi me, things ain't what they used to be."

or how bout Cannonball Adderley, "Mursi Mursi Murisi"

kliguy38's picture

well done....and don't forget that if he does step down a lot of "puppets" are stacked on top and will come down with him.....quite a juggling act

Sutton's picture

Army, if you're gonna do it, then do it. 

Fait Accompli

Just take Morsi out(he's got powerful,insane allies).

beefman's picture

They're (the military) not going to do a thing watch and learn. They will come to an agreement soon and then later(months) we will see Morsi's FIST. The ole Texas two-step. 

Flakmeister's picture

Whats the over under on the death toll?

I'll take the over for anything up to 500....

Overfed's picture

The State Department is scrambling for a replacement puppet.


I just googled "Morsi Timer", and it's showing 2 hrs and 30 some minutes.

johnQpublic's picture

kevin clash is free now that three lawsuits have been dropped

this pedigree makes him just the right guy for the job

of course he was just a puppeteer before, but its time for him to step up into the role of a full on puppet


Overfed's picture

Compared to O'bomb-a, most of Congress, Anthony Weiner, Barney Frank, Hitlary, and the rest of 'em, Kevin Clash is a saint.

Make_Mine_A_Double's picture

Klassic that Murbarak calls on Morsi to stand down.

+1 for the Hoser


Mae Kadoodie's picture

Whoo-ahh, Mursi, Mursi me,  ohh, things 'aint like they used to be..

The Shootist's picture

Must be on life support in his bird-cage.

Cdad's picture

Classic!  Once again, and on behalf of the criminal syndicate known as Wall Street, The BlowHorn [CNBC] rumors that peace is about to break out in Egypt.  Of course, with literally millions of Egyptians gathering in the square, and the Muslim Brotherhood almost certain NOT TO surrender power...where are we now?

But hey...don't worry...as The BlowHorn promised at least ten times today that they would keep an eye on the story for all of us.

Just unplug that network already.  Good grief. 

Anywho...onward then with useless nanosecond stock suggestions from the FastMoney idiots.

NOTW777's picture

bill griffeth today lamented that egyptians were not being patient enough with the dictator - that they should give him more time  (I guess to brutalize and oppress)

Sudden Debt's picture

that's a cool counter!

Dooud's picture

That's easy, 00:00:00:00

Rainman's picture

00:00:00: 01

he's always late 

RacerX's picture

Yep time to break out (bake out??) the bread helmets.

Divine Wind's picture




As of 5:31, AP is reporting that Morsi refuses to step down.

I wonder of he is actually in the palace, or calling the shots from a tent somewhere in the interior of the country.


buzzsaw99's picture

he is probably in a drone control bunker in idaho

fxrxexexdxoxmx's picture

Obama only allows Sunni's to go to the bunkers..... oh wait a minute...

Divine Wind's picture




Morsi now addressing the Egyptian people on Al Jazeera.

zerozulu's picture

MuslimBrotherhood is more organized than any other political party in Egypt right now. Egyptian and Turkish protester smells same, i don't want to say shit.

Renewable Life's picture

I think Hosni tried that shit, just before the tanks rolled in and the people threw flowers on them and kissed their feet!

Morsi is just another religious zealot, like every religious lunatic in the Middle East and the military and the Egyptian people understand they fight now, or its death camp time very soon!

g'kar's picture


Frank N. Beans's picture

First Hosni

Now Morsi

Egyptians not happy about either one, I guess these are two extremes at opposite ends.


Suisse's picture

Maybe they just want full on Sharia law and free social goodies?

ebworthen's picture

Morsi is doing and saying all the wrong things, and increasing his chances of getting a bullet from the military versus a seat at the table.

starman's picture

Lawrence of Arabia sequel Obama of Arabia

Smuckers's picture

I think Mursi's sphynx just loosened. 

g'kar's picture

Right now Obama via Clinton is frantically trying to bribe everyone possible to keep the Muslim Brotherhood alive and kicking. Hillary always did remind me of Marcy, Al Bundy's next door neighbor. Fried chicken anyone?

mark mchugh's picture

What part of "ultimatum" does he not understand?

beefman's picture

listen to the wisdom of the beefman. MORSI is a fox he will use this INCIDENT to crack down on the people. you will see zerohedgers. Take off your blinders. Morsi is not going anywhere! You guys are being played on an epic scale. You Zerohedgers are so smart you are dumb Well some of YOUS! Watch and Learn A decision will be made the army is talking SMACK Watch and Learn from an old guy.

Mark this post Nothing is going to happen MORSI will stay in power. Anyone want to put their name on the line with me.

NoDebt's picture

So noted.

Always time to listen to someone who is willing to make a strong call on a binary event with a defined timeline.  So, consider your balls officially on the table on this call.

I haven't the slightest clue what will happen, personally.  That he will attempt a severe crackdown, absent a military coup in the next day is beyond debate, however.  Either the military is going to "escort him from the building" or he is going to order the crowds be beaten and teargassed mercilessly into submission.