Archive
Mubarak could be worth $40 billion to $70 billion
Egyptian President Hosni Mubarak and his half-Welsh wife Suzanne
According to analysis by Middle East experts, Mubarak has taken much of the gains overseas and deposited much of his wealth in secret bank accounts in British and Swiss banks, The Guardian reported on Friday.
Observers say the Mubaraks have also invested in real estate in Read more…
The Youth Unemployment Bomb
From Cairo to London to Brooklyn, too many young people are jobless and disaffected. Inside the global effort to put the next generation to work
Cairo, Egypt: A cloud of tear gas drives back antigovernment protesters on Jan. 28 Jorge Dirkx/Reporters/Redux
By Peter Coy
In Tunisia, the young people who helped bring down a dictator are called hittistes—French-Arabic slang for those who lean against the wall. Their counterparts in Egypt, who on Feb. 1 forced President Hosni Mubarak to say he won’t seek reelection, are the shabab atileen, unemployed youths. The hittistes and shabab have brothers and sisters across the globe. In Britain, they are NEETs—”not in education, employment, or training.” In Japan, they are freeters: an amalgam of the English word freelance and the German word Arbeiter, or worker. Spaniards call them mileuristas, meaning they earn no more than 1,000 euros a month. In the U.S., they’re “boomerang” kids who move back home after college because they can’t find work. Even fast-growing China, where labor shortages are more common than surpluses, has its “ant tribe”—recent college graduates who crowd together in cheap flats on the fringes of big cities because they can’t find well-paying work.
In each of these nations, an economy that can’t generate enough jobs to absorb its young people has created a Read more…
Egypt is Just the Beginning for Gold’s Next Move
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…
A New World Order Reserve Currency
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…
Saudis already have 2 Pakistani Nukes
It’s a story that pops up again and again. Saudi Arabia has acquired at least 2 functional Nuclear Weapons from cash strapped Pakistan. Certainly Saudi Arabia has the money to buy nukes from sources like France, China, Russia, North Korea and Pakistan or even India.
The worrisome thing is that Pakistani nukes may be on the move and the west has very little knowledge or control over it. Pakistan is the most dangerous country on earth. It has a population of 185 million and the majority of people there hate the west and hate Americans. Intelligence experts privately concede that the battle for Pakistan is over. They are now a de facto enemy of the U.S. Al Qaida, the Taliban and the Muslim Brotherhood have won. The ties between Read more…
Unrest in Egypt at Tahrir Square
Bursts of gunfire are erupting in the area around Cairo’s Tahrir Square as pro- and anti-government protesters continue to defy an Egyptian government curfew.
News reports cite witnesses saying at least three people have been killed in the latest violence early Thursday morning.
On Wednesday, supporters of Egyptian President Hosni Mubarak charged into the square on horseback and camels while others rained firebombs from rooftops in what appeared to be an orchestrated assault against protesters calling for an end to his near-30-year-rule.
Anti-government demonstrators, after first trying to respond peacefully, fought back with rocks and Molotov cocktails as battles broke out around Tahrir Square. Doctors set up a makeshift clinic in a mosque near the square to help the more than 640 injured. Egypt’s health ministry says three people were killed in Wednesday’s clashes.
Reporters said Egyptian troops initially fired Read more…
Muslim Brotherhood: ‘Prepare Egyptians for war with Israel’
A leading member of the Muslim Brotherhood in Egypt told the Arabic-language Iranian news network Al-Alam on Monday that he would like to see the Egyptian people prepare for war against Israel, according to the Hebrew-language business newspaper Calcalist.
Muhammad Ghannem reportedly told Al- Alam that the Suez Canal should be closed immediately, and that the flow of gas from Egypt to Israel should cease “in order to bring about the downfall of the Mubarak regime.” He added that “the people should be prepared for war against Israel,” saying the world should understand that “the Egyptian people are prepared for anything to get rid of this regime.”
Ghannem praised Egyptian soldiers deployed by President Hosni Mubarak to Egyptian cities, saying they “would not kill their brothers.” He added that Washington was forced to abandon plans to help Mubarak stay in power after “seeing millions head for the streets.”
‘Something big’ transferred to Gaza Strip
Aaron Klein
JERUSALEM – Egypt and Israel have information a large quantity of weapons, including new and sophisticated firepower, was smuggled from Egypt into the Hamas-controlled Gaza Strip in the last two days, according to informed Middle East security officials.
Israeli security officials fear a growing state of anarchy exists along the Gaza-Egypt border, with Islamist groups there taking advantage of the chaos in Egypt amid mass protests threatening the regime of President Hosni Mubarak. Egyptian security forces have been focused largely on quelling the riots.
“Something big was brought into the Gaza Strip,” said an informed security official.
The official said it was not known yet exactly what was transferred into Gaza, but he speculated it may have been a large quantity of antiaircraft missiles.
The Sinai borders the Gaza Strip as well as Israel’s southern border with Egypt.
Israeli officials say Israel agreed to allow the Egyptian army to move two battalions, or about 800 soldiers, into the Sharm el-Sheikh area on Sinai’s southern tip, far from Israel.
Huge protest to kick off in Egypt
 |
| The army has said it is aware of the “legitimate demands” of the people, and has promised not to use force [Reuters] |
Protesters in the Egyptian capital have begun gathering for a planned “march of a million”, calling for Hosni Mubarak, the embattled Egyptian president, to step down.
Thousands of demonstrators began gathering from early on Tuesday morning in Cairo’s Tahrir Square, which has been the focal point of protests in the capital and served as the meeting area for the march to begin on the eighth day of an uprising that has so far claimed more than 125 lives.
Another million-strong march is planned in the Mediterranean port city of Alexandria, as national train services were canceled in an apparent bid to stymie protests. Protest organizers have also called for the march to coincide with the beginning of an indefinite strike.
Reporting from Cairo, an Al Jazeera correspondent reported that the number of people gathered in Tahrir Square on Tuesday morning, was Read more…
Egyptian riots day 6: THOUSANDS of Prisoners escape, Musems Looted,many stranded.
More than 102 dead and thousands of prisoners on the loose in Egypt as 30,000 stranded Britons struggle to leave the country
Around 30,000 British tourists were stranded in Egypt today as army planes buzzed low over Cairo on the sixth day of uprisings.
At least 102 people have been killed, more than 2,000 are injured and there were calls for a multi-party democracy to emerge as President Hosni Mubarack’s grip on power loosens.
Gangs of armed men attacked at least four jails across Egypt before dawn today, helping to free hundreds of Muslim militants and thousands of other inmates as police vanished from the streets of Cairo and other cities.
Now scroll down to see the video:
Show of strength: Egyptians surround an army tank during protests in central Cairo on the sixth day of action
Last night a handful Brits that managed to board flights returning back from Cairo described their relief at escaping the riot-torn country. Read more…
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
crisisboom
CRISISBOOM 
You must be logged in to post a comment.