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With Egypt On The Verge Of A Military Coup And Martial Law, Art Cashin Issues A Warning

Tyler Durden's picture


This just out:


And more from Reuters:

A constitutional court ruling on Thursday means that the whole of the lower house of Egypt's parliament will be dissolved and a new election will have to be held, the court's head Farouk Soltan told Reuters by telephone after the ruling was issued.


"The ruling regarding parliament includes the dissolution of the lower house of parliament in its entirety because the law upon which the elections were held is contrary to rules of the constitution," he said, speaking two days before another election to pick a new president.


Soltan said the ruling was binding on all institutions of state, adding that it would be up to the executive to call for the new election that he said would take place.

In other words, the military is once again preparing to take over. A big hint came yesterday via AP:

Egypt's Justice Ministry on Wednesday gave the country's military police and intelligence agents the right to arrest civilians over wide range of suspected crimes, including "resisting authorities," sparking charges that the country's military rulers want to extend their grip on power even after handing over to civilians.


The decision comes during heightened tensions in Egypt, three days before a highly polarized presidential runoff election and a day before rulings by the country's highest court that could dissolve the Islamist-dominated parliament and even cancel the Saturday-Sunday presidential vote.


The decision, published in the official gazette, would remain in effect until a new constitution is in place. The process of writing a constitution has hit snags. On Tuesday the Islamist-dominated parliament voted on an assembly to draft the document, but liberals boycotted the session. An earlier attempt to name the body collapsed because of opposition from liberals. Both times they charged that Islamists were unfairly dominating the procedure.


Military analysts said the military arrest powers were a temporary measure intended to fill a security vacuum resulting from last year's uprising, when the police force collapsed and disappeared from the streets during the first days of the mass protests.


"The police force has not recovered completely, and security is not back," said Sayyed Hashim, a former military prosecutor, in a TV interview.


Rights activists warned the new decision creates a reproduction of notorious emergency laws that expired recently and said that it also could extend the rule of the generals, even if they transfer power to civilians on time by the end of the month.


"This is a declaration of martial law, as if we are living in banana republic," said Gamal Eid, a prominent rights lawyer.

So things are going from bad to worse? Yep. As Art Cashin has been warning for quite a while, here is his latest assessment:

Weekend Elections - Everyone is talking about Sunday’s Greek elections but there are also key elections in France and Egypt.


The Greek election has been made somewhat less important by the “still under construction” Spanish bailout. The lack of a clear quid pro quo up front for Spain opens the door to renegotiations for all the other European bailouts.


Whichever party wins in Greece will have latitude to negotiate a less onerous deal. That would also make a coalition government easier - “we were all part of easing the peoples burden.”


The French elections may make Europe less functional. They will likely strengthen Hollande’s hand in reversing the Sarkozy “reforms”. He has already rolled back the retirement age to 60 from 62. The Germans are not happy.


The most important election this weekend may have nothing to do with the Eurozone - at least directly. The election in Egypt may change the face of the Middle East. The implications to Israel, Iran and Saudi Arabia are enormous. Will the most populous Arab nation become a theocracy? This will be some weekend.

And as Egypt falls to the counter-revolution, this time military, 2012 is once again nothing more than a repeat of 2011.


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Thu, 06/14/2012 - 10:26 | 2525491 Rubicon
Rubicon's picture

Bullish Egyptian antiquites!

Thu, 06/14/2012 - 10:28 | 2525498 Colombian Gringo
Colombian Gringo's picture

Bullish kidnapping insurance for tourists.

Thu, 06/14/2012 - 10:31 | 2525521 GetZeeGold
GetZeeGold's picture



Art Cashin Issues A Warning


Not being critical....but he could have said something yesterday.....just saying.


Thu, 06/14/2012 - 11:01 | 2525649 unununium
unununium's picture

Yesterday he was saying he hoped Jamie Dimon and the committee stuck to discussion of the hedges.

Thu, 06/14/2012 - 11:02 | 2525660 battle axe
battle axe's picture

Just watch, we will get dragged into this quagmire also.....

Thu, 06/14/2012 - 13:11 | 2526243 V in PA
V in PA's picture

Dragged!?! America is never 'dragged' into a quagmire. It almost always is the reason one exists. Lots of money to be made encouraging civil/regional wars.

Thu, 06/14/2012 - 10:27 | 2525494 H. Perowne
H. Perowne's picture

Coming soon to a state near you!

Thu, 06/14/2012 - 10:31 | 2525523 duo
duo's picture

If Egypt had oil the US would certainly be helping them find democracy.

Thu, 06/14/2012 - 10:42 | 2525572 GMadScientist
GMadScientist's picture

They have the Suez, isn't that enough?

Thu, 06/14/2012 - 11:20 | 2525782 Think for yourself
Think for yourself's picture

Very observant, good sir. It was enough for Panama, after all.

Thu, 06/14/2012 - 11:54 | 2525916 ElvisDog
ElvisDog's picture

The U.S. powers that be don't give a shit about the Suez Canal. How much trade to and from the U.S. goes through it? My guess is "not a lot". Most of our oil comes from North/South America and West Africa these days if I remember correctly. The Suez Canal would be a Euro concern. Now the reason why Egypt will be a U.S. concern is because it is an Israeli concern, and the one usually goes with the other.

Thu, 06/14/2012 - 13:16 | 2526260 V in PA
V in PA's picture

The US powers that be are the oil companies and big banks. They don't care about how much tade comes in/out of US. They care about trade.

Thu, 06/14/2012 - 13:17 | 2526264 Joseph Jones
Joseph Jones's picture

Yes to your last sentence above.  Israeli (notice, not Israelite) concern = USA concern, because the USA is a Jewish satellite state. 

The First Amendment states that "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof."

The above being the case, obviously the USA Consititution also prohibits the USA from instituting or overseeing the institution of a foreign state that flies in the face of the 1st Amendment.  The modern state of "Israel" (not a fulfillment of the O.T., see Revelation 2:9 and 3:9 where John properly labels Israel "...the Synagogue of Satan...") is indeed (they proudly scream this from the mountaintops) a "Jewish" religious state.

The US Constitution also would prohibit the USA from having an "unbreakable" bond with a purely religious state.  G. Washington also warns us against any such relationship in his "Farewell Address".  Yet per Rabbi Obama (he said it again yesterday) and Rabbinette Hilary Clinton, we have an "unbreakable" bond with Israel.

Don't hold your breath for an announced "unbreakable" bond with a Muslim theocracy!  But Rabbinical Talmudism, all day every day, regardless what Party rules. 

Thu, 06/14/2012 - 18:37 | 2527452 liverdiefree
liverdiefree's picture

I'm morbidly curious, Mr. Jones: what holds your ears apart?

Thu, 06/14/2012 - 21:45 | 2527953 Joseph Jones
Joseph Jones's picture

Does your mom have any kids that lived? 

I wait patiently for an argument addressing my points.  Should I just expect the anti semite charge instead?  I suppose we should rely on a Rabbi's advice concerning foreign relations than Pres. George Washington?

Every negative truth about Judaism and Rabbinical Talmudism usually meets the anti-semite tirade?  I wait patiently for the tirade. 

Judaics and their sycophants may rather enjoy this: Rabbis have legal right and legal protection in Jerasalum-west (AKA NYC) to falate babies during bris, transfer herpes, and kill said babies.

Love them ever-lovin' Rabbis, no? 


Thu, 06/14/2012 - 11:04 | 2525669 New_Meat
New_Meat's picture


"... US would certainly be helping them find democracy."

Not so, HRC, Susan Rice, our very own GW assured us last year that it was all about democracy.  We did our part!!!!!!  And furthermore, they would take no alternative as an outcome.  So it must be democracy, don't cha' know.

- Ned

Thu, 06/14/2012 - 11:48 | 2525899 LoneStarHog
LoneStarHog's picture

"If Egypt had oil the US would certainly be helping them find democracy."


If Egypt had oil the US would certainly be helping them find Fascism promoting it as democracy.



Thu, 06/14/2012 - 12:18 | 2526012 duo
duo's picture

correct.  Anything but a constitutional republic.

Thu, 06/14/2012 - 15:49 | 2526967 earleflorida
earleflorida's picture

They've got something much more valuable than 'Oil'!  It's called 'Land',... precious, life sustaining fertile land, for nesting their brood from on far?

Thu, 06/14/2012 - 10:27 | 2525495 Ratscam
Ratscam's picture

Bullish tatzikis

Thu, 06/14/2012 - 10:42 | 2525497 GeneMarchbanks
GeneMarchbanks's picture



In other words, the military is once again preparing to take over.

Take over? They've always been there in the background while the Kabuki went on.

This is no news.


Thu, 06/14/2012 - 10:45 | 2525586 GMadScientist
GMadScientist's picture

I can't say I expected a different outcome over the long-term, but there could be many in Egypt who were not as cynical about their hopes for a future who take non-too-kindly to the explicit threat to that dream being put in stark terms.

And it has implications for the canal, regardless. Maybe not price-shock-worthy, but non-zero.

Thu, 06/14/2012 - 11:13 | 2525724 g speed
g speed's picture

It's imperitive that the military have minions to back loans and credit for purchase of military hardware-- any upheaval of the world wide war for profit machine will not be condoned. All Military Industrial Banking systems require lots of citizens to asume debt. (help us get equipment to kill you or we will kill you)

Thu, 06/14/2012 - 11:19 | 2525768 GMadScientist
GMadScientist's picture

One of many perqs TPTB enjoy with respect to tin-pot dictatorships from Moscow to Mexico (the Trot Trail).

I've noticed a trend among those that don't play along as well...a spectacularly poor safety record.

Thu, 06/14/2012 - 10:29 | 2525502 lolmao500
lolmao500's picture

While in Syria everything is honkey dory...

'Hezbollah may move Syrian arms to Lebanon'

Russia warns war is coming

Source reveals government given 4-6 weeks to crush opposition

Syrian President Bashar al-Assad is preparing a major offensive in the coming days against the opposition targeting his regime, an informed Syrian government source confirmed.

The source told WND yesterday Assad was warned by Russia that if the coming counterinsurgency targeting the opposition is not successful in the next 4-6 weeks, Syria should be prepared for a war.

And according to family in Israel, they are expecting a war this summer... perhaps within days because of Syria transferring military stuff to Lebanon... they won't allow that. So they expect Israel to carry out strikes if they see that happening, which will lead to full scale war with Syria and Hezbollah... perhaps even Iran...

Don't believe me? When you have this kind of article in the MSM...

Israel 'to evacuate Tel Aviv' in event of missile attack

Israel will evacuate the entire population of Tel Aviv if it is hit by missiles, particularly if they have unconventional warheads, the commander in charge of Israel's central region told AFP.

"In the next war, nobody will be able to drink a coffee in Dizengoff," he said, referring to a popular street in downtown Tel Aviv.

"Israeli civilians will have to face the threat. Today, every civilian is threatened in Israel."

And this....

Amid dimming expectations that next week's talks in Moscow will defuse the U.S.-Iranian confrontation in the Persian Gulf, the U.S. Navy has sent four additional mine countermeasures ships to the region to oppose an Iranian threat to close the vital oil artery.

But former CIA officer Philip Giraldi has warned that U.S. Internal Look war games conducted in March indicated that the Navy "would have considerable problems dealing with Iranian offensive operations" in the narrow waters of the strait.

The games "revealed that there is a high probability that Americans vessels will be sunk, with considerable loss of life," Giraldi observed.

U.S. risks getting dragged into Yemen war

This summer is gonna be REAL HOT...

Thu, 06/14/2012 - 10:39 | 2525561 Jason T
Jason T's picture

man, thanks for that recap. I must have missed this on my morning radio news program.  

Thu, 06/14/2012 - 10:55 | 2525628 ThirdWorldDude
ThirdWorldDude's picture

Did they tell you USS Enterprise is currently parked right outside Pakistan and violating international law?

Thu, 06/14/2012 - 11:11 | 2525710 BigJim
BigJim's picture

LOL, we're desperate to get that sucker sunk by someone, anyone.

Thu, 06/14/2012 - 11:20 | 2525780 Uncle Remus
Uncle Remus's picture

Surely there's a mosque in the area they can infiltrate, find some dupes to setup and get 'er done.

Thu, 06/14/2012 - 12:34 | 2526084 mick_richfield
mick_richfield's picture

What that article says is:

“The US has moved its biggest aircraft carrier 65 to 70 nautical miles away from Gawadar in the second week of June,” a well informed source told news-based website.

That's international water.

Fri, 06/15/2012 - 03:20 | 2528524 fajensen
fajensen's picture

Did they they tell you that NDAA-2012 has replaced international law?

Thu, 06/14/2012 - 10:43 | 2525579 my puppy for prez
my puppy for prez's picture

WND....the neocon "Christian" Zionist mouthpiece for REAL political dummies.  Try reading their comment section sometime.  It frightens me to read it and realize that there exist so many braindead, propagandized, Zionized imbeciles constantly advocating for the total annihilation of the "ragheads".  The most racist, vile, and moronic group of commenters in existence today.

As for Philip Giraldi, he is a sharp dude and knows what's up.

Thu, 06/14/2012 - 11:13 | 2525725 DaveyJones
Thu, 06/14/2012 - 13:39 | 2526332 Bartanist
Bartanist's picture

Dragged? ... you mean "caught promoting and having to go public instead of covert"?

Thu, 06/14/2012 - 15:38 | 2526915 Totentänzerlied
Totentänzerlied's picture

must have meant "dragged behind one of the drones we've been flying there every day"

Thu, 06/14/2012 - 12:20 | 2526026 lakecity55
lakecity55's picture

Neocon website. They report the CIA company line on the evil Syrian govt while neglecting to mention Hillary transshipping arms via the GCC to the "rebels" who are actually AQ mercenaries employed by TPTB.

SCOAMF is going to F this up into a hot war. I do not think the Russians or Chinese will roll over with O'Blowjob using unilateral (NATO) action if he is thwarted in the UN.

Hillary does not want you to read Voltaire News.

Thu, 06/14/2012 - 16:35 | 2527153 Vigilante
Vigilante's picture


You probably are not aware what kind of poison 'ragheads' are spewing from a million mosques every Friday...not to mention from radio,TV etc.



Thu, 06/14/2012 - 21:57 | 2527990 Joseph Jones
Joseph Jones's picture

Thanks for the quotes around "Christian".  Not only does Christ not promote physical violence, period, he outlawed it.  Every god forsaken pro war scum of the earth can quote only the OT in support.  In the first C the OT was "fading away" and replaced (after Jesus fulfilled it) by a "new" and "better covenant", an ever lasting covenant.

David did not see the temple because he shed innocent blood.

Christ elevates hatred to the crime of murder.

Christ hung on the cross.

Christ rebuked Peter for cutting the soldier's ear.

Christ says to save your life is to loose it, to loose your life is to gain the Kingdom of heaven, which is within you (not in the temporal domain). 

Christ is the "King of Peace"

Blessed are the peace makers.

Pray for your enemies.

Feed and cloth your enemies, yes, even an Islamo-terrorist, and even a Rabbinical terrorist of which there are many.

If someone steels your cloke, give them your tunic.

If someone forces you to walk a mile, walk two.  

It goes on and on and on........a believer can not "defend" himself but his physical body is not worth defending because it signifies only the spiritual temple not in the temporal domain.

A Christian can not spirtually square being a police man or carrying a weapon or inflicting violence on another man in the name of the king/mayor/president.

The only physical violence you can know if you are a believer/follower in Christ is to die for Christ, in Christ's name, to spread the gospel of Christ.

Pray for your enemy.   

Fri, 06/15/2012 - 03:35 | 2528533 fajensen
fajensen's picture

Not only does Christ not promote physical violence, period, he outlawed it. 

However, Jesus inflicted Violence on both the money lenders and one non-perfoming date tree*.

In my opinion, the date tree was a bit petty and the bankers got off way too easy. He should have persuaded Daddy to send someone round and sort them out in the traditional way of the Old Testament.!

Jesus Curses the Fig Tree (Mark 11:12-14)
Jesus have a go at the moneylenders:  Mark 11:15–19, 11:27–33, Matthew 21:12–17, 21:23–27 and Luke 19:45–48, 20:1–8) and near the start in the Gospel of John (at John 2:13–16).

Thu, 06/14/2012 - 10:29 | 2525510 jonan
jonan's picture

all your pyramid are belong to us...

Thu, 06/14/2012 - 10:34 | 2525514 hedgeless_horseman
hedgeless_horseman's picture



I just checked.  The KSA, Kuwait, and Iraq are still in a rock-solid puppet state lock down.  We have nothing to fear.

Drones, drugs, and dollars FTMFW!

Just more happy motoring this weekend on perfectly maintained freeways as far as anyone would want to drive.  Don't forget to Super-Size at the drive through.

Thu, 06/14/2012 - 10:34 | 2525540 lolmao500
lolmao500's picture


Coordinated car bomb attack in Iraq kills 65, injures over 200 (AP)

Real stable.

Thu, 06/14/2012 - 10:43 | 2525551 hedgeless_horseman
hedgeless_horseman's picture



Quiet.  You'll wake the sheep.


There has never been a better time

to buy or lease a new

GMC Suburban!

10 Cty / 15 Hwy



Thu, 06/14/2012 - 10:51 | 2525608 GMadScientist
GMadScientist's picture

How many bathrooms?

Thu, 06/14/2012 - 10:53 | 2525624 brooklynlou
brooklynlou's picture

Cheaper and more fuel efficient to buy a used tank. Parks easier too ...

Thu, 06/14/2012 - 11:10 | 2525704 jonan
jonan's picture

link? i'd love to buy one for SHTF, either that or a used russian MIG, i think they go for $40-$60k...

Thu, 06/14/2012 - 11:13 | 2525727 BigJim
BigJim's picture

If you can afford to fuel a russian MIG, then you can afford to get out of Dodge NOW, before the SHTF.

Thu, 06/14/2012 - 11:24 | 2525803 jonan
jonan's picture

yea i know, it was just wishful thinking from a 9-5 wage slave...

Thu, 06/14/2012 - 11:24 | 2525804 Uncle Remus
Uncle Remus's picture

Germans can convert it to CNG.

Thu, 06/14/2012 - 12:43 | 2526119 mick_richfield
mick_richfield's picture

Here you go, tovarisch

Sovietski T-34, asking price 60,000 GBP.

( However, please note: previous owners sold it for a case of Stolichnaya Dizelnye and a carton of Balkan Sobranies. )



Thu, 06/14/2012 - 11:10 | 2525705 LFMayor
LFMayor's picture

Fuck me.  My first two homes didn't cost that combined. 

Thu, 06/14/2012 - 13:16 | 2526262 El Viejo
El Viejo's picture

My mortgage for my home in 1992 was only 50k. Granted I wasn't in the northeast, IL or CA, but really!

Thu, 06/14/2012 - 10:31 | 2525517 VonSalza
VonSalza's picture

Great news for the halal hotdog business at tahrir square

Thu, 06/14/2012 - 10:43 | 2525575 Uncle Remus
Uncle Remus's picture

Peel off the "Halal" sticker and it says "Kosher" underneath.

Thu, 06/14/2012 - 10:31 | 2525519 TrembleTheDevil
TrembleTheDevil's picture

The revolution wasn't caused by a shift in cultural values in the first place, Egyptians didn't want modernity they just wanted to get ride of their elites. The West is the only place who wanted a progressive modern society in Egypt.

Even a month before Mubarak’s fall here are some things a majority of Egpytians polled by Pew Research supported:

- Hand amputation as a punishment for theft
- Stoning to death as punishment for adultery
- Death to anyone who converts from Islam to another religion

Thu, 06/14/2012 - 10:33 | 2525536 duo
duo's picture

don't forget the right to have sex with your wife for up to 6 hours after she dies (yup).  I guess in some instances, you might not notice the difference.

Thu, 06/14/2012 - 10:44 | 2525585 Temporalist
Temporalist's picture

Some might say it's the only 6 hours of uselfulness they will ever get from their wife.

Thu, 06/14/2012 - 11:12 | 2525713 LFMayor
LFMayor's picture

She didn't say no!

Islam means piece.

Thu, 06/14/2012 - 10:46 | 2525590 Uncle Remus
Uncle Remus's picture

Does this mean you're emigrating to Egypt?

Thu, 06/14/2012 - 11:12 | 2525718 Sudden Debt
Sudden Debt's picture

6 hours???

why would you do that?!

6 hours gives you time enough to find a new one!


Thu, 06/14/2012 - 12:13 | 2525995 lakecity55
lakecity55's picture

It gives you 51/2 hours to bugger a young lad before laying pipe one last time on the ole lady.

Thu, 06/14/2012 - 11:12 | 2525721 New_Meat
New_Meat's picture

"Even a month before Mubarak’s fall here are some things a majority of Egpytians polled by Pew Research supported:"

Yep, U.S. democracyism at work.

- Ned

{maybe that ana-bot is just aiming 1/2 world off???}

Thu, 06/14/2012 - 11:21 | 2525788 GMadScientist
GMadScientist's picture

" are some things a majority of Egpytians..."

I dare you to do that poll in Texas.

Thu, 06/14/2012 - 12:46 | 2526140 Ookspay
Ookspay's picture

Some cultures are better off being dominated by the military.

The definition of the word islam is "submission".

Thu, 06/14/2012 - 10:31 | 2525522 sabra1
sabra1's picture

i want my mummy! wait, what?

Thu, 06/14/2012 - 10:33 | 2525537 EL INDIO
EL INDIO's picture

Ha ha ha

Nice word play !

Thu, 06/14/2012 - 10:37 | 2525553 SilverTree
SilverTree's picture

You're punny!

Thu, 06/14/2012 - 10:32 | 2525526 EL INDIO
EL INDIO's picture

Those with the guns rule and will not give it up without a fight.


Thu, 06/14/2012 - 11:14 | 2525729 New_Meat
New_Meat's picture

"Deja-vue" --> "I've seen this TV show before"

Thu, 06/14/2012 - 11:18 | 2525759 jonan
jonan's picture

if only they had one, behind every grain of sand...

Thu, 06/14/2012 - 10:32 | 2525528 Dr. Engali
Dr. Engali's picture

Time to send in more jets to support the Arab spring...summer..fall....  Who are we backing again?

Thu, 06/14/2012 - 11:00 | 2525645 optimator
optimator's picture

There is only one country we are backing, everything we do is predicated on that.  It's a very little country with expanding borders. 

Thu, 06/14/2012 - 11:16 | 2525742 New_Meat
New_Meat's picture

"... a very little country with expanding borders."

whew, and I though you were talking about Isreal.  Of course, recently the borders have been shrinking.  How's that working out?

- Ned

Thu, 06/14/2012 - 10:32 | 2525529 kralizec
kralizec's picture

WGAF?  Obama owns the bitter fruits of his Arab Spring, they got nothing we want or need.  Screw them and screw Obama!

Thu, 06/14/2012 - 10:32 | 2525532 bigwavedave
bigwavedave's picture

--"This is a declaration of martial law, as if we are living in banana republic," said Gamal Eid, a prominent rights lawyer.


As if...

Thu, 06/14/2012 - 10:35 | 2525549 EL INDIO
EL INDIO's picture

Yeh, he's living in Falafel republic

Thu, 06/14/2012 - 10:55 | 2525630 brooklynlou
brooklynlou's picture

LOL. Fuck. You made me spit out my coffee ...

Thu, 06/14/2012 - 10:33 | 2525535 Village Smithy
Village Smithy's picture

There goes Art dispensing his thoughts on macro events that matter. It must have been nice to be a trader back in the day when being intelligent actually helped.

Thu, 06/14/2012 - 10:34 | 2525539 RobotTrader
RobotTrader's picture

Bullish for U.S. retail stocks.


Which soared right through the Arab Spring, and right through the spike in oil prices earlier this year.

Now that oil prices are back to the lows, the "resilient consumer" will be even more ebullient and will be spending even more money this summer.

So whatever happens in Syria will have zero impact on consumer spending here in the States.

Whole Foods has rallied from $10 to $90 in 3 years, right through all the various crises in the Middle East, Europe, etc.

Investors in that stock without a care in the world.

Thu, 06/14/2012 - 11:03 | 2525661 unununium
unununium's picture

Welcome back Robo, welcome back!

Thu, 06/14/2012 - 11:11 | 2525709 Uncle Remus
Uncle Remus's picture

You have a point - silicon doesn't give a shit.

Thu, 06/14/2012 - 10:34 | 2525541 my puppy for prez
my puppy for prez's picture

For crying out loud!  Israel lobby LOVES it when we go destablize every ME country/dictatorship we can.  To worry about the consequences for Israel belies the author's simplistic, non-Dialectical belief system.  

Thu, 06/14/2012 - 14:52 | 2526669 Hugh_Jorgan
Hugh_Jorgan's picture

The WWIII-Caliphate-Return of the Mahdi nightmare is already underway. If you were Israel wouldn't you try to buy time to prepare? Better to foment a civil disturbance next door than wait to see when they will get organized and kick down your front door with the rest of your peace-loving neighbors. It's called survival, ever hear of it?

Thu, 06/14/2012 - 10:34 | 2525542 skepticCarl
skepticCarl's picture

The West cheered the Arab Spring like a spectator sport.  It was fun to cheer for the underdog against the overdog.  Take that, you 1 per centers!  That spectator sport now looks more like the Gladiators.

Thu, 06/14/2012 - 10:38 | 2525560 CommunityStandard
CommunityStandard's picture

Yet another country unable to form a government.  I see a trend.

Thu, 06/14/2012 - 11:13 | 2525723 Uncle Remus
Uncle Remus's picture

A hollow shell is quite sufficient for the banksters.

Thu, 06/14/2012 - 10:40 | 2525564 paint it red ca...
paint it red call it hell's picture

crucifixion of central banking may come on a cross of arabian gold dinars.

Thu, 06/14/2012 - 10:42 | 2525573 theTribster
theTribster's picture

Last time I looked it seemed as if Marine Le Pen and her party had been marginalized and were becoming less relevent. Looks like Hollande's party (Socialists) will kick ass this weekend.

The Greece election is too close to call, the big variable is whether or not a functionaing gubmint can be formed from the results, not really who wins.

I have not been following Egypt but I realize its pretty important, guess I'll plug in. Looks like a oppcorn filled Sunday - sports and elections...

Thu, 06/14/2012 - 12:54 | 2526172 TheFourthStooge-ing
TheFourthStooge-ing's picture

theTribster said:

Last time I looked it seemed as if Marine Le Pen and her party had been marginalized and were becoming less relevent.

The French Le Penists have been left hanging, limp and flaccid?

Thu, 06/14/2012 - 10:50 | 2525604 Sudden Debt
Sudden Debt's picture


T-shirt stuff...

Thu, 06/14/2012 - 10:54 | 2525623 docj
docj's picture

How's that "Arab Summer" working out for everyone, eh?

Brilliant strategy, Barry Ofail. At least as brilliant as Dubya's Axis of Evil.

Thu, 06/14/2012 - 11:03 | 2525664 tawse57
tawse57's picture

It looks like an extreme fundamentalist Muslim regime will gain power on a very low voter turn-out.

Thu, 06/14/2012 - 11:04 | 2525668 geewhiz190
geewhiz190's picture

Yesterday's NYT column by Thomas Friedman a must read.

Thu, 06/14/2012 - 11:18 | 2525764 New_Meat
New_Meat's picture

My parakeet is reading it since noon yesterday.  Getting kinda' blotched, but I really wanted her interpretation of the hypocrite.

- Ned

Thu, 06/14/2012 - 12:56 | 2526183 TheFourthStooge-ing
TheFourthStooge-ing's picture


My parakeet is reading it since noon yesterday.  Getting kinda' blotched, but I really wanted her interpretation of the hypocrite.

The blotches are how she expresses her opinion. Your parakeet is intelligent and artistic.

Thu, 06/14/2012 - 12:10 | 2525983 lakecity55
lakecity55's picture

The NYT is a poor copy of The Onion.

NYT: Zombie News for Zombies.

Thu, 06/14/2012 - 11:17 | 2525754 q99x2
q99x2's picture

Eventually they'll vote for the Government that Alciada and Hillary want.

Thu, 06/14/2012 - 11:19 | 2525776 New_Meat
New_Meat's picture

Alciada is the great-great-grandson of the MBz.

Thu, 06/14/2012 - 12:05 | 2525959 Bananamerican
Bananamerican's picture

Marion Barry?

Thu, 06/14/2012 - 12:06 | 2525962 QuietCorday
QuietCorday's picture

I wouldn't be surprised at a mil.coup. Apparently, from what I hear, Egyptian peeps are getting nervous at the collapse of the tourism industry since "Arab Spring I" and the subsequent smack down of GDP. The thinking is that if the Islamos gets into power, tourism in Egypt will just die a death and the the knock-on effect on unemployment will be *ahem* significant.

Thu, 06/14/2012 - 12:08 | 2525977 lakecity55
lakecity55's picture

O'Blowjob wanted the fundamentalists to win.

Secular control by the Army was not his goal.

The Egyptian military does not want to follow the SCOAMF's orders.

Thu, 06/14/2012 - 12:10 | 2525984 earleflorida
earleflorida's picture

Amazing! Is this not the same supreme court that rubber stamped Mubarak dealings from the get-go? Egypt has a political system that mirrors Pakistan, and that's not a good thing. It's not an open free society now, as some in the ME would have you believe [Arab Spring/ Arab Fail?], but rather an elaborate stealthy cloaked military junta, dressed-up divisively in a thin-skinned eloquent peacock plumage of camaraderie,... whilst fanning its liberal ideology for diversity! All the while it lays waste to any and all dissenters in the name of the people's law?

Sharia Law is that of the Saud's! So to, it will be for Egypt ... with americana blessings from the far off west bowing humbly to the east. 

Kinda like the USSA in another twenty years?


Thu, 06/14/2012 - 12:12 | 2525991 penexpers
penexpers's picture

This means it's time to free the shit out of them right?

Thu, 06/14/2012 - 12:26 | 2526055 Apocalicious
Apocalicious's picture

Who could have seen this coming? I mean, the hand-off of power from an iron-fisted secular tyrant/fascist to a democratically elected administration focused on opening up the economy/society has always otherwise occurred in such a linear, orderly fashion elsewhere in a region renowned for political strife centered on often violent cultural and religious differences. I mean, I wouldn't be so shocked if say, there had been recent instances of very nearly this exact same thing happening elsewhere in the Middle East. I mean, just shocked...

Thu, 06/14/2012 - 12:45 | 2526127 phat ho
phat ho's picture

Wasn't there an equally formidable barrier with Japan in cracking open that economy for trade way back when? Not the terrorism ied mix and other radical religion things going on mind you but still a tough egg to crack.

Thu, 06/14/2012 - 12:48 | 2526144 slewie the pi-rat
slewie the pi-rat's picture

what drama!

the egyptians are ok compared to libya

aaand...the lower house has beeen dissolvedby the court now

why?  [paste from stateDept brief case which landed in a friend of mine's car when the handcuffs exploded possibly due to radiation exposure}

on February 20 this year, parliamentary electoral law was referred to the HCC on the grounds that political party candidates had been permitted to contest one-third of the parliamentary seats reserved for individual, non-partisan candidates, thus violating the constitutional principle of equal opportunity. {end]

i believe that would be representaional equality4BiCheZ, BiCheZ!

so, that election must be re-decided;  the judge tossed the whole election and all the lawmakers and jawbreakers, too

now, there was another issue or three also:  the party dickheads passed a new law just near the end ofApril that people in fubarHosniMubar's old goobermint cound not be elected to shit!  and the SupremeCouncil0'theAhmedForces approved what the parlimentaryGoobers had passed on 4.17

now this woulda meant that ahmedShifiq the last PM under fubarMubar woulda been adioso'd from the election, but the judge saith:  fuggit!  this doesn't comply with the law in effect at the time and egypt is still working on the ConstitutionThingy, so just fuggit and let the shi_fiqqer onto the damned ballot!

everything is fine;  these egytians love this legal crap!  since it isn't about subordination of monetary paper, some zeroHeads may prefer to see an election as an election and the rules of selection of parliament affirmed by court as other than a military coup

but predicting that the future will = the past all the time must be very rewarding also;  after all, everything IS screwed down t.i.g.h.t...  the fact that it wasn't last year doesn't seem to bother the priests of the current dogma (nothing new there)

the ECB is a zombie;  as we know, that doesn't matter for years and marioECB IS charged with delivering a plan next mid-week for the EU on the care and feeding of the biggest known zombie, yet!  and all the little zombies too

and egypt is fuked up?   Hahaha!  well, you can hope, tyler!  but we do know how bogged down bilary is in noAfrica, even without generalRom trying to kill her

tunisia under martial law here and there (9 locations when started) due to art exhibits;  i know! but that's what i think i read!  anyhow, maybe i just dreamed it, riiight? curfew now in tunis

libya totally dis-integratio, TPTB once again hoisted by its own propwash p-(r)etard has imprisoned political leaders and suspended rights of party politics, while postponing the election for three weeks;  here is a paste from a recent editorial by a libyan:  The Libyan people are some of the most deprived people in this world; what the poorest of countries take for granted, Libyans can only sigh at and dream of.    only the propaganda-deluded would think:  just like 2011!  but they are here, every day... 

egypt is truly factionalized but there is no reason not to let the nation do this election and just fuking scream at each other for the next decade or so till the economic deleveraging proceeds a bit further along...

Thu, 06/14/2012 - 12:50 | 2526157 Paracelsus
Paracelsus's picture

1. Attack helicopters in Syria. Game changer. Problem exists...

2. Someone provides man portable SAM systems to opposition...

3. Some of these mysteriously disappear into the hands of Al-Qaeda....

4. An airliner somewhere gets toasted.....

Someone shouts,"YES,BUT HOOCOODANODE!!"

Thu, 06/14/2012 - 12:57 | 2526187 Grand Supercycle
Grand Supercycle's picture

Rally warning continues...

Despite stockbears with their pre-election jitters, SPX choppy bullish daily & USDX bearish daily charts strengthen.

Significant equity / EURUSD upside & USDX retracement ahead.

Thu, 06/14/2012 - 12:58 | 2526188 steve from virginia
steve from virginia's picture


Egypt has some oil supply, as the unraveling continues Cairo will readily trade petroleum for food.

I have noticed that gas prices have gone down ...

Thu, 06/14/2012 - 14:05 | 2526335 DanDaley
DanDaley's picture

Egypt is going salafi/wahhabi -if not now, then soon.  They've been working on it for 80+ years.


"The object of jihad is to bring the whole world under Islamic law." Bernard Lewis - The Middle East: A Brief History of the Last 2,000 Years (page 234)

Fri, 06/15/2012 - 13:44 | 2529919 Arrrr
Arrrr's picture

Darn you ZH for not allowing img tags. 

Do NOT follow this link or you will be banned from the site!