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Posts Tagged ‘Egypt’

Egypt is Just the Beginning for Gold’s Next Move

February 6, 2011 Comments off

Watching CNN, its easy to be lulled into the sense that the cute little third world African country that is home to Cleopatra, mummies and pyramids is having a little revolution to get rid of a tired old tyrant. That the old goat is putting up such resistance to the national message is to be expected, and might be forgiven. Unleashing bands of paid thugs under the guise of ‘supporters’ reveals true brutality and illuminates the character of the man, Hosni Mubarak – a sociopath.

This phenomenon, originated in Tunisia, a nation of 10 million, and now raging in Egypt, of 85 million has spread to Yemen, population 25 million and Jordan, population 6 million is no mere regional political shift: this is the beginning of America’s loss of control over the region.

That the democratic process even got a foothold in the tribal and historically despotically governed middle east is due to a series of historical power plays, and not so much to a nascent and organic inclination towards the idea of democracy. When oil emerged to become the most strategic substance on earth after the second world war, the United States, armed with the economic windfall from the war machine, set about toppling governments and seeding insurrection through the offices of the C.I.A., bolstering governments that were ‘incentivized’ to protect U.S. interests, and destroying those that were not.

Back then, before the light-sped connected world, the C.I.A. could operate with Read more…

Categories: Egypt, GOLD Tags: , , , , , , , , , , , , , ,

Inflation Group Says U.S. Cities Will Be Like Egypt in Four Years

February 5, 2011 Comments off

The National Inflation Association has issued a chilling new advisory in which it warns that the inflationary time bomb being created by the policies of the Federal Reserve will lead to American cities experiencing similar chaos currently unfolding in Egypt by 2015.

Egyptian dictator Hosni Mubarak has been in power for three decades and in that time has managed to handle all manner of threats to the stability of his regime. But it was the huge unrest sparked by soaring food prices that finally led the Egyptian people to launch a revolution which is likely to see Mubarak forced out of office for good.

“Food inflation in Egypt has reached 20% and citizens in the nation already spend about 40% of their monthly expenditures on food. Americans for decades have been Read more…

Categories: America, Egypt, Food Crisis Tags: , , , , , , , , , , , , , , , , , , , , , ,

HOW BANKS AND INVESTORS ARE STARVING THE THIRD WORLD

February 5, 2011 Comments off

Ellen Brown

“What for a poor man is a crust, for a rich man is a securitized asset class.”
–Futures trader Ann Berg, quoted in the UK Guardian

Underlying the sudden, volatile uprising in Egypt and Tunisia is a growing global crisis sparked by soaring food prices and unemployment. The Associated Press reports that roughly 40 percent of Egyptians struggle along at the World Bank-set poverty level of under $2 per day. Analysts estimate that food price inflation in Egypt is currently at an unsustainable 17 percent yearly. In poorer countries, as much as 60 to 80 percent of people’s incomes go for food, compared to just 10 to 20 percent in industrial countries. An increase of a dollar or so in the cost of a gallon of milk or a loaf of bread for Americans can mean starvation for people in Egypt and other poor countries.

Follow the Money

The cause of the recent jump in global food prices remains a matter of debate. Some analysts blame the Federal Reserve’s “quantitative easing” program (increasing the money supply with credit created with accounting entries), which they warn is sparking hyperinflation. Too much money chasing too few goods is the classic explanation for Read more…

Categories: Banks, Coming Events, economics, Food Crisis Tags: , , , , , , , , , , , , , , , , , , , ,

Egypt VP Targeted in Assassination Attempt That Killed Two Bodyguards, Sources Tell Fox News

February 4, 2011 1 comment

An assassination attempt on the Egyptian vice president left two of his bodyguards dead, sources told Fox News Channel on Friday.

The unsuccessful attempt to kill Omar Suleiman reportedly came in the past couple of days as violent unrest rocked the capital Cairo.

White House press secretary Robert Gibbs would not comment on the matter when asked Friday.

Fox News Channel said it had not been able to independently confirm the story on the ground in Cairo.

Meantime, an AFP correspondent reported that gunshots erupted Friday for a few minutes at Cairo’s central Tahrir Square at the epicenter of protests against President Hosni Mubarak’s 30-year grip on power.

White House Press Secretary Robert Gibbs declined to address the assassination reports when asked by Fox News.

“I’m not going to … get into that question,” Gibbs said.

Categories: Egypt Tags: ,

Days of Rage, Oil Prices, and the Suez Canal

February 4, 2011 Comments off

Kurt Nimmo
Infowars.com

Bloomberg warns today that an act of sabotage or a decision by a new regime – possibly headed up by the Muslim Brotherhood – to close the canal and its oil pipeline to punish supporters of Egyptian dictator Hosni Mubarak could send oil prices through the stratosphere.

Egyptian troops currently guard the canal and its adjacent Suez-Mediterranean oil pipeline but that does not mean the flow of oil – more than 1.7 millions barrels per day – cannot be shut down.

About 2.5 percent of global oil production moves through Egypt via the Suez Canal and the Suez-Mediterranean Pipeline, according to Goldman Sachs.

From 1967 until 1975, Egypt kept the canal closed in response to Israel’s seizure of Arab territory, forcing tankers to travel around the Cape of Good Hope.

Earlier today, investors increased bets that oil prices will likely increase as much as $250 a barrel on concern the unrest in Egypt will shut down the flow of oil through the Suez Canal and spread to Saudi Arabia.
Lindsey Williams and Bob Chapman on the Alex Jones Show, January 28, 2011.

On January 28, Lindsey Williams told Alex Jones the situation unfolding in Egypt is a carefully engineered event instigated by the global elite as part of a plan to bankrupt the United States and send shock waves through the global economy.

In December, Williams told Jones that his insider connections said the price of oil will soon skyrocket to between $150-200 per barrel and this price increase will result in gasoline in the range of $4-5 per gallon.

Williams became a friend and trusted confidant of oil industry executives while serving as chaplain for them and their construction crews building the Alaska pipeline in the 1970s.

Market analysts are unsure how the current crisis will Read more…

Categories: age of rage, days of rage, global economy, Oil Tags: , , , , , , , , , , , , , , , , , , , , , ,

Even Donald Trump Is Warning That An Economic Collapse Is Coming

February 4, 2011 Comments off

In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America.  Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed.  Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business.  As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation.  In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012.  But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.

Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed.  The following interview with Trump was originally posted on Newsmax and it is really worth watching….

Now, you may or may not think much of Donald Trump as a politician, but when a businessman of his caliber starts using apocalyptic language to describe where the U.S. economy is headed perhaps we should all pay attention.

The following are 12 key quotes that were pulled out of Trump’s new interview along with some facts and statistics that show that what Trump is saying is really happening. Read more…

Categories: America, Coming Events, COMMODITIES, Dollar, Economy, Federal Reserve, Food Crisis, OPEC, United States Tags: , , , , , , , , , , , , , , , , , , ,

Study: Coup possible in Morocco, Saudi Arabia too

February 4, 2011 Comments off

Tomer Velmer

The first signs for the governmental instability in Egypt were detected as early as two years ago, according to a new study conducted by political scientists from Hebrew University.

The study, which will be published soon by the Journal of Conflict Resolution, was conducted by Prof. Tamir Sheafer and Dr. Shaul Shenhav. The researchers measured the “democratic gap” in about 90 democratic and non-democratic countries.

“The democratic gap is the difference between the democratic aspirations of a country’s citizens and the level of democracy given to them by the state’s institutions,” explains Prof. Sheafer.

According to the study’s findings, political stability will be in danger only in the case of a “negative democratic gap”. In other words, when the citizens’ expectations for democracy are unfulfilled, there is a higher chance that the citizens will Read more…

Categories: age of rage, Morocco, Saudi Arabia Tags: , , , , , , , , ,

Tens of thousands turn out for rival rallies in Yemen

February 4, 2011 Comments off
By Borzou Daragahi and Noah Browning, Los Angeles Times

Yemeni protesters shout slogans during their "day of rage" rally against President Ali Abdullah Saleh. (Gamal Noman, AFP/Getty Images / February 3, 2011)

Large competing rallies for and against the longtime leader of Yemen unfolded Thursday without incident in one of the Arab world’s poorest, most volatile and violent nations.

The Arabian Peninsula nation’s opposition, inspired by the revolt in Tunisia and the ongoing uprising against President Hosni Mubarak in Egypt, had called for a “day of rage” against the rule of President Ali Abdullah Saleh, who has held his title since 1978 and has been accused of corruption and mismanagement. Saleh and his supporters sought to upstage the protesters by holding a simultaneous counter-demonstration across town.

The two rallies drew tens of thousands of people and, unlike in Egypt or Tunisia, unfolded largely peacefully with no major arrests or clashes, according to a Yemeni official. The day’s relative calm suggested that the political passions unleashed by the uprisings in Egypt and Tunisia will play out in different countries in different ways

In the North African nation of Read more…

Categories: age of rage, Tunisia, Yemen Tags: , , , , , , , , ,

Egypt’s economy draws parallels to US economy

February 4, 2011 Comments off
Categories: America, Economy, Egypt, United States Tags: , , ,

A New World Order Reserve Currency

February 3, 2011 2 comments

What do the riots in Egypt and a new world reserve currency have in common?

Perhaps more than we think.

Consider the following statements from George Soros in a recent interview:

Some statements of Soros (who happens to be a Fabian Socialist):

The efficient market hypothesis has failed.

Markets are not tending toward equilibrium.

There is imperfect knowledge of regulators and market participants.

He has an economic theory that is “more relevant” than the dominant one and is supporting an institute for new economic thinking….

Inflation (in the United States) is helpful because the burden of debt was getting too heavy.

The problem is you don’t have a Read more…

Categories: New World Order, world, World Events Tags: , , , , , , , , , , , , , , , , , , , , , , , ,