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With Egypt On The Verge Of A Military Coup And Martial Law, Art Cashin Issues A Warning
This just out:
- EGYPT STATE TV SAYS PARLIAMENT NO LONGER LIGITIMATE
- EGYPT STATE TV CITES CONSTITUTIONAL COURT ON PARLIAMENT
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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Bullish Egyptian antiquites!
Bullish kidnapping insurance for tourists.
Art Cashin Issues A Warning
Not being critical....but he could have said something yesterday.....just saying.
Yesterday he was saying he hoped Jamie Dimon and the committee stuck to discussion of the hedges.
Just watch, we will get dragged into this quagmire also.....
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.
Coming soon to a state near you!
If Egypt had oil the US would certainly be helping them find democracy.
They have the Suez, isn't that enough?
Very observant, good sir. It was enough for Panama, after all.
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.
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.
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.
I'm morbidly curious, Mr. Jones: what holds your ears apart?
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.
http://www.google.com/search?q=rabbi+bris+herpes&ie=utf-8&oe=utf-8&aq=t&...
Love them ever-lovin' Rabbis, no?
2x:
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
"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.
Fixed!
correct. Anything but a constitutional republic.
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?
Bullish tatzikis
Take over? They've always been there in the background while the Kabuki went on.
This is no news.
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.
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)
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.
While in Syria everything is honkey dory...
http://www.jpost.com/Defense/Article.aspx?id=273667
'Hezbollah may move Syrian arms to Lebanon'
http://www.wnd.com/2012/06/russia-warns-war-is-coming/
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...
http://www.spacedaily.com/reports/Israel_to_evacuate_Tel_Aviv_in_event_o...
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....
http://www.spacewar.com/reports/US_braces_for_action_in_Persian_Gulf_999...
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.
http://www.spacewar.com/reports/US_risks_getting_dragged_into_Yemen_war_...
U.S. risks getting dragged into Yemen war
This summer is gonna be REAL HOT...
man, thanks for that recap. I must have missed this on my morning radio news program.
Did they tell you USS Enterprise is currently parked right outside Pakistan and violating international law?
http://www.pakistantoday.com.pk/2012/06/14/news/national/us-moves-uss-enterprise-into-pakistani-waters/
LOL, we're desperate to get that sucker sunk by someone, anyone.
Surely there's a mosque in the area they can infiltrate, find some dupes to setup and get 'er done.
What that article says is:
That's international water.
Did they they tell you that NDAA-2012 has replaced international law?
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.
and "US risks getting dragged into Yemen war" ?
http://www.upi.com/Business_News/2010/10/19/Yemen-oil-reserves-at-119B-barrels/UPI-21271287510649/
Dragged? ... you mean "caught promoting and having to go public instead of covert"?
must have meant "dragged behind one of the drones we've been flying there every day"
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.
http://www.voltairenet.org/en
Hillary does not want you to read Voltaire News.
@PUPPY
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.
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.
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).
all your pyramid are belong to us...
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.
Riiiiiiiight.
Coordinated car bomb attack in Iraq kills 65, injures over 200 (AP)
Real stable.
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
$56,645
How many bathrooms?
Cheaper and more fuel efficient to buy a used tank. Parks easier too ...
link? i'd love to buy one for SHTF, either that or a used russian MIG, i think they go for $40-$60k...
If you can afford to fuel a russian MIG, then you can afford to get out of Dodge NOW, before the SHTF.
yea i know, it was just wishful thinking from a 9-5 wage slave...
Germans can convert it to CNG.
http://www.bing.com/search?q=convert+natural+gas+trucks+canada&src=IE-SearchBox&adlt=strict
Here you go, tovarisch
http://www.milweb.net/classifieds/large_image.php?ad=62768&cat=1
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. )
Fuck me. My first two homes didn't cost that combined.
My mortgage for my home in 1992 was only 50k. Granted I wasn't in the northeast, IL or CA, but really!
Great news for the halal hotdog business at tahrir square
Peel off the "Halal" sticker and it says "Kosher" underneath.
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
http://tremblethedevil.com/?p=2418
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.
Some might say it's the only 6 hours of uselfulness they will ever get from their wife.
She didn't say no!
Islam means piece.
Does this mean you're emigrating to Egypt?
6 hours???
why would you do that?!
6 hours gives you time enough to find a new one!
It gives you 51/2 hours to bugger a young lad before laying pipe one last time on the ole lady.
Yep, U.S. democracyism at work.
- Ned
{maybe that ana-bot is just aiming 1/2 world off???}
I dare you to do that poll in Texas.
Some cultures are better off being dominated by the military.
The definition of the word islam is "submission".
i want my mummy! wait, what?
Ha ha ha
Nice word play !
You're punny!
Those with the guns rule and will not give it up without a fight.
Deja-vue
"Deja-vue" --> "I've seen this TV show before"
if only they had one, behind every grain of sand...
Time to send in more jets to support the Arab spring...summer..fall.... Who are we backing again?
There is only one country we are backing, everything we do is predicated on that. It's 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
WGAF? Obama owns the bitter fruits of his Arab Spring, they got nothing we want or need. Screw them and screw Obama!
good thing we got rid of that Mubarak guy.... Oh yeah here is a pic of Obama shakinh hands with him http://www.google.com/imgres?imgurl=http://i.telegraph.co.uk/multimedia/archive/01416/obama_1416751c.jpg&imgrefurl=http://www.telegraph.co.uk/news/worldnews/barackobama/5442266/Barack-Obama-to-speak-of-new-partnership-with-Middle-East-in-Cairo-speech.html&h=288&w=460&sz=37&tbnid=7NnwHrES58FLFM:&tbnh=90&tbnw=144&zoom=1&usg=__SoRCyapwbQTeF8MjVXlynaV4058=&docid=DFjQSEF7xcFZqM&hl=en&sa=X&ei=qPXZT_eeHsXs6gHtxIHZAg&ved=0CF8Q9QEwAw&dur=3237
--"This is a declaration of martial law, as if we are living in banana republic," said Gamal Eid, a prominent rights lawyer.
As if...
Yeh, he's living in Falafel republic
LOL. Fuck. You made me spit out my coffee ...
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.
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.
Welcome back Robo, welcome back!
You have a point - silicon doesn't give a shit.
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.
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?
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.
Yet another country unable to form a government. I see a trend.
A hollow shell is quite sufficient for the banksters.
crucifixion of central banking may come on a cross of arabian gold dinars.
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...
theTribster said:
The French Le Penists have been left hanging, limp and flaccid?
WE ARE NOT A BANANA republic
T-shirt stuff...
How's that "Arab Summer" working out for everyone, eh?
Brilliant strategy, Barry Ofail. At least as brilliant as Dubya's Axis of Evil.
It looks like an extreme fundamentalist Muslim regime will gain power on a very low voter turn-out.
Yesterday's NYT column by Thomas Friedman a must read.
My parakeet is reading it since noon yesterday. Getting kinda' blotched, but I really wanted her interpretation of the hypocrite.
- Ned
.
The blotches are how she expresses her opinion. Your parakeet is intelligent and artistic.
The NYT is a poor copy of The Onion.
NYT: Zombie News for Zombies.
Eventually they'll vote for the Government that Alciada and Hillary want.
Alciada is the great-great-grandson of the MBz.
Marion Barry?
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.
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.
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?
jmo
This means it's time to free the shit out of them right?
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...
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.
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...
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!!"
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.
http://www.zerohedge.com/news/2012-12-24/market-analysis
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 ...
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)
Darn you ZH for not allowing img tags.
http://i49.tinypic.com/155o0u9.jpg