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After the ecstasy of revolution, the Bankers quietly begin carving up Egypt and North Africa
By Richard Eastman
21st Century Wire
Feb 25, 2011
The European Bank for Reconstruction and Development (EBRD) is ready to lend one billion EUROS a year to Egypt for reconstruction and “free-market reform”- even as Egypt’s Minister of Finance Samir Radwan has gone begging to the City of London bankers and the British Ministry of Trade and Investment for relief on debt payments that are about to throw Egypt into bankruptcy.
All this, as Egypt has been such a good boy with regards to privatization and austerity, measures which awarded Egypt its celebrated 7 percent growth rate- mostly in investments that will end up in international hands as ventures fail to pay out with ever diminishing Egyptian domestic purchasing power.
FRESH CYCLES OF DEBT
First EBRD will lend at interest and build what they want backed by Egyptian collateral and the value of the projects themselves. Then when it turns out they can’t make the debt payments because of all the interest we have sucked from them, we take over all of the assets we have developed. That’s freedom and EBRD is really going to give it to them. After all EBRD is experienced at this. In 1991 the EBRD was organized to financially lead Russia and Eastern Europe in their transition from paternalistic socialism to sustainable free-market economies open to international Read more…
US to impose sanctions on Libya, close embassy
WASHINGTON — The United States said on Friday it was imposing unilateral and multilateral sanctions on Libya in a bid to halt and punish Moamer Kadhafi’s crackdown on protests.
Washington also said that it has closed its embassy in Tripoli for security reasons, and warned that US intelligence assets were monitoring events for evidence of atrocities committed by Kadhafi’s forces.
The announcements from White House spokesman Jay Carney came as a US-chartered ferry carrying more than 300 evacuees reached safety in the Mediterranean island of Malta, and a chartered flight carrying more US citizens left Tripoli, destination Turkey.
Carney said that Kadhafi had “lost the confidence” of his people, but stopped short of saying that he should go, saying it was up to the Libyans to decide his fate.
The White House had decided with its partners to “move forward” with unilateral and multilateral sanctions against Libya, Carney said, adding that Washington was cutting off limited military assistance and had put financial Read more…
Ethiopia will soon arise to protest
WINDS OF CHANGE CONTINUES BLOWING Major developments in 6 African countries and other Arab nations. And Ethiopians fate!
Today, the drama of utmost importance is underway in different parts of the world, specially, in the North African countries. After its beginning in Tunisia, the flammable and miserable peoples voices is fast circulating from country to country. The basic demands of peoples of these nations is clear; the quest for better living conditions, jobs, respect of human and democratic rights and so on.
What makes special the current movement in Africa and the Arab world is women’s and children’s gather out in the streets to oppose the rotten regime of their country. More of less the peaceful demonstration were carried out with fruitful results in Egypt and Tunisia. On the other way, in LIBYA and Lebanon the governments use machine guns to disperse protesters. A people went out bare handed shot by government mercenaries. Though, the protesters are still going on. as the Tunisian protests were still escalating,
What we are observing in North Africa and Middle East are the results of unfolded dramas left on the society for decades. The Bahrain and Libyan Governments uses their special forces to disperse the protesters. They come up against the protesters by hiring foreign mercenaries to fire against the peaceful demonstrators.
Let’s see the blowing winds of change in these Countries
TUNISIA: When the demonstrations started on 17 December, It wasn’t expected. Just before the December protests began, WikiLeaks released internal U.S. State Department communications in Read more…
130 Libyan soldiers executed for mutiny
Scores of Libyan soldiers have been executed for refusing to open fire on pro-democracy protesters, International Federation for Human Rights (IFHR) says.An amateur video shows the bodies of some 130 slain soldiers with their hands tied behind their backs. The mutinous soldiers were shot dead in al-Baida near the eastern city of Benghazi.
This comes amid more reports of defiance among army ranks and soldiers who have refused to obey orders by embattled Libyan ruler Muammar Gaddafi to shoot peaceful protesters.
The IFHR said the brutal crackdown on protesters in Libya is “crime against humanity has to be referred to the International Court of Justice,” dpa reported on Wednesday.
Medical sources told the rights group that they have seen scenes of carnage in Benghazi, where hospitals remain packed with dead bodies and people injured in attacks by Gaddafi loyalists.
Meanwhile, hundreds of dead protesters have been buried in mass graves at a beach in the capital Tripoli, reports said.
At least 1,000 people have reportedly lost their lives in the security forces’ crackdown on civilians since last week, while Gaddafi has vowed not to bow to popular calls to end his four-decade rule, and threatened to crush the pro-democracy protesters.
Security forces used heavy machine guns on Wednesday to stop crowds of protesters. However, more cities, including Tajuraa, Zwaara, Azzawiya, Benghazi, Derna and Tobruk, are falling out of the control of government forces.
Libya has tightened its clampdown by launching a door-to-door search for opposition protesters, reports say.
Gas Prices Set to Rise Nearly 40 Cents in Coming Days
Kurt Nimmo
Infowars.com
February 24, 2011
Earlier this week, market analysts warned that the price of gas may reach $5 by the end of summer. Now they are saying we could see that price by Memorial Day as the situation in Libya deteriorates.
On the S&P 500 today, the price of Brent Crude breached $119 a barrel during a period of frantic trading. Brent Crude is used to price two thirds of the world’s internationally traded crude oil supplies. The price was below $100 yesterday afternoon.
The world’s oil benchmark jumped almost $17 this week and it appears there is no end in sight as the situation in the Middle East heats up.
Saudi Arabia is under pressure to boost output as the prospect of a Libya production cutoff looms.
Oil traders said Saudi talks with Europe signal that the oil kingdom understands that the political crisis in Libya is now an oil supply crisis.
On Thursday, the Italian oil company Eni, the most active company in Libya, said oil production from the North African country has dropped to just a quarter of normal levels.
“You can only expect the price to go up. It is fear of the unknown. The risks are all to the Read more…
If Libyan unrest spreads, gas could reach $5
Gary Strauss on Feb. 21, 2011 USA Today News
If political unrest in Libya spreads to other oil-rich countries and the ensuing chaos disrupts crude oil production, gas prices could hit $5 a gallon by peak summer driving season, industry analysts say.
Benchmark crude oil prices soared Monday, rising about 6% to $95.39 a barrel for April contracts on the New York Mercantile Exchange as violence and a military crackdown spread in Libya, the first major oil-producer hit by a burgeoning anti-government movement. The increased violence prompted BP and Norway’s Statoil to pull oil workers from the besieged country.
“If this thing escalates and there’s a good chance that there’d be a shift in supplies, $5 gas isn’t out of the question,” says Darin Newsom, senior analyst at Read more…
Libya: Colonel Gaddafi ‘flees’ to Venezuela as cities fall to protesters
Credible Western intelligence reports say that Muammar Gaddafi has fled Libya and is on his way to exile in Venezuela, according to William Hague, the foreign secretary.
Following an emergency EU meeting of foreign ministers on the situation in Libya, Mr Hague was asked if Britain, or other Western countries, knew if Col. Gaddafi had left Tripoli.
“About whether Col. Gaddafi, is in Venezuela, I have no information that says he is although I have seen some information that suggests he is on his way there,” he said.
British officials stressed that Mr Hague was referring “not to media reports but information from other channels”. “This is credible information,” said a diplomat. Read more…
Libya: Protesters, security clash in capital
Associated Press
CAIRO — Protesters and security forces battled in the center of Tripoli as anti-government unrest spread to the Libyan capital and Moammar Gadhafi‘s son went on state television to proclaim that his father remained in charge with the army’s backing and would “fight until the last man, the last woman, the last bullet.”
Even as Seif al-Islam Gadhafi spoke Sunday night, clashes were raging in and around Tripoli’s central Green Square, lasting until dawn Monday, witnesses said. They reported snipers opening fire on crowds trying to seize the square, and Gadhafi supporters speeding through in vehicles, shooting and running over protesters. Early Monday, protesters took over the office of two of the multiple state-run satellite news channels, witnesses said.
The protests and violence were the heaviest yet in Read more…
N.Korean Regime Worried About Arab Uprisings
The North Korean authorities are apparently on full alert as news trickles in about pro-democracy protests in the Middle East despite an official blackout. According to a source, security agents have banned all gatherings, especially of university students, as news spreads about the public revolts in Egypt, Tunisia and elsewhere in the Arab world.
The source added that partitions have been removed in restaurants across the country, and security agents break up even small gatherings in open-air markets.
“This is the first time I saw even partitions removed from restaurants in North Korea,” a recent defector said. Students in Pyongyang have begun Read more…
Oil climbs on escalated Libya tensions
SINGAPORE (Commodity Online) : World oil prices advanced further in Asian trade Monday as political tensions spread to more countries including major oil producer Libya.
Light sweet crude for March delivery, which will expire Tuesday, was seen trading at $87.37 a barrel at 12.00 noon Singapore time while April delivery jumped to $91.35 a barrel.
In London, Brent crude for April delivery was at $103.54 a barrel.
Analysts said the black gold is likely to advance further during the day Benchmark on worries of oil supply disruptions as unrests over authoritarian governments in the Middle East escalate to more countries.
Concerns over Middle East oil supplies helped prices recover from early weakness after China raised its banks’ reserve requirements last Friday for the second time this year to combat rising inflation.
According to China’s National Development and Reform Commission, gasoline and diesel prices will go up 350 yuan per ton starting Read more…
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