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REAL WORLD EVENT DISCUSSIONS
More real news: Egypt on the precipice of... something
Tuesday, July 2, 2013 8:55 AM
SIGNYM
I believe in solving problems, not sharing them.
Tuesday, July 2, 2013 9:24 AM
M52NICKERSON
DALEK!
Tuesday, July 2, 2013 10:11 AM
BYTEMITE
Tuesday, July 2, 2013 11:42 AM
Quote:Do you have anything to support your claims?
Wednesday, July 3, 2013 7:39 AM
NIKI2
Gettin' old, but still a hippie at heart...
Quote:Mursi, Egypt army pledge lives in ‘final hours’ showdown Egypt’s army commander and Islamist President Mohamed Mursi each pledged to die for his cause as a deadline loomed on Wednesday that will trigger a military takeover backed by protesters. Military chiefs, vowing to restore order in a country racked by demonstrations over Mursi’s Islamist policies, issued a call to battle in a statement headlined “The Final Hours”. They said they were willing to shed blood against “terrorists and fools” after Mursi refused to give up his elected office. Less than three hours before an ultimatum was due to expire for Mursi to agree to share power or make way for an army-imposed solution, the president’s spokesman said it was better that he die in defence of democracy than be blamed by history. “It is better for a president, who would otherwise be returning Egypt to the days of dictatorship, from which God and the will of the people has saved us, to die standing like a tree,” spokesman Ayman Ali said, “Rather than be condemned by history and future generations for throwing away the hopes of Egyptians for establishing a democratic life.” In an emotional, rambling midnight television address, Mursi said he was democratically elected and would stay in office to uphold the constitutional order, declaring: “The price of preserving legitimacy is my life.” Liberal opponents said it showed he had “lost his mind”. Much more at http://cyprus-mail.com/2013/07/03/mursi-egypt-army-pledge-lives-in-final-hours-showdown/]
Quote:Despite mass street demonstrations by millions of his opponents, Egyptian President Mohammed Morsi, the country's first freely elected leader, has vowed he will not leave office. The military has tightened its control of key institutions, putting officers in the newsroom of state TV, in preparation for an almost certain push to remove Morsi with the expiration of an afternoon deadline. http://abcnews.go.com/US/wireStory/ap-photos-egypt-deadline-looms-protests-continue-19564961#.UdRf14nn_cs
Wednesday, July 3, 2013 7:54 AM
Wednesday, July 3, 2013 8:42 AM
Quote:Originally posted by SIGNYM:As far as the USA trying to bring Egypt back into the monetary fold? I find it interesting that the two ME nations which incurred destruction by the USA both happened to be secular, oil-rich nations... but both were determined not to take USA currency for their oil (Libya and Iraq) and planned instead to accept gold and/or a basket of currencies.
Wednesday, July 3, 2013 11:20 AM
Quote:The petrodollar system originated in the early 1970s in the wake of the Bretton Woods collapse. President Richard M. Nixon and his Secretary of State, Henry Kissinger, knew that their destruction of the international gold standard under the Bretton Woods arrangement would cause a decline in the artificial global demand of the U.S. dollar. Maintaining this "artificial dollar demand" was vital if the United States were to continue expanding its "welfare and warfare"spending. In a series of meetings, the United States — represented by then U.S. Secretary of State Henry Kissinger — and the Saudi royal family made an agreement. According to the agreement, the United States would offer military protection for Saudi Arabia’s oil fields. The U.S. also agreed to provide the Saudis with weapons, and protection from Israel. The agreement included: 1) The Saudis must agree to price all of their oil sales in U.S. dollars only. (In other words, the Saudis were to refuse all other currencies, except the U.S. dollar, as payment for their oil exports.) 2) The Saudis would be open to investing their surplus oil proceeds in U.S. debt securities. By 1975, all of the oil-producing nations of OPEC had agreed to price their oil in dollars and to hold their surplus oil proceeds in U.S. government debt securities in exchange for the generous offers by the U.S.
Quote:Rumors are swirling that India and Iran are at the negotiating table right now, hammering out a deal to trade oil for gold. Why does that matter, you ask? Only because it strikes at the heart of both the value of the US dollar and today's high-tension standoff with Iran. Marin Katusa Chief Energy Investment Strategist Casey Research Tehran Pushes to Ditch the US Dollar The official line from the United States and the European Union is that Tehran must be punished for continuing its efforts to develop a nuclear weapon. The punishment: sanctions on Iran's oil exports, which are meant to isolate Iran and depress the value of its currency to such a point that the country crumbles. But that line doesn't make sense, and the sanctions will not achieve their goals. Iran is far from isolated and its friends – like India – will stand by the oil-producing nation until the US either backs down or acknowledges the real matter at hand. That matter is the American dollar and its role as the global reserve currency. The short version of the story is that a 1970s deal cemented the US dollar as the only currency to buy and sell crude oil, and from that monopoly on the all-important oil trade the US dollar slowly but surely became the reserve currency for global trades in most commodities and goods Massive demand for US dollars ensued, pushing the dollar's value up, up, and away. In addition, countries stored their excess US dollars savings in US Treasuries, giving the US government a vast pool of credit from which to draw.
Wednesday, July 3, 2013 7:08 PM
MAGONSDAUGHTER
Thursday, July 4, 2013 3:25 AM
Quote:[Update 7:00 a.m. ET, 1:00 p.m. in Egypt] ...250...the number of arrest warrants for Muslim Brotherhood members in connection with killings in front of MB headquarters, which came under attack days ago. Egypt's new prosecutor general, who Morsy had deposed, issued the warrants. [Updated at 6:50 a.m. ET, 12:50 p.m. in Egypt] Bahrain's King al-Khalifa, who has had to deal with his own popular uprising, enthusiastically congratulated interim President Adly Mansour "on taking over the reins of power in Egypt at this important time in history." Iran's state-run Mehr News Agency gave Morsy a kick over his religious orientation on his way out: "Sunni Morsi immediately turned into a critical figure against the Iranian Shia government and has not allowed Iran to appoint an ambassador in Cairo." [Updated at 5:28 a.m. ET, 11:28 a.m. in Egypt] Mansour says the Egyptian people have empowered him to "amend and correct" the revolution. [Updated at 5:28 a.m. ET, 11:28 a.m. in Egypt] Who is interim President Adly Mansour? His low-key demeanor might be the very reason the military picked him, analysts say. CNN's Faith Karimi explains. [Updated at 5:11 a.m. ET, 11:11 a.m. in Egypt] Mansour appears before Egypt's assembly, prepares to speak. [Updated at 5:11 a.m. ET, 11:11 a.m. in Egypt] Did Morsy's personal style rub Egyptians the wrong way and contribute to his downfall? Read this portrait of the deposed president by CNN's Laura Smith-Spark. [Updated at 4:50 a.m. ET, 10:50 a.m. in Egypt] Reactions have been pouring in from world leaders. Most of them are along the same lines: carefully formulated, and express respect for the will of the Egyptian people. Among the countries that have sent in reactions are Morocco, Jordan .... [Updated at 4:38 a.m. ET, 10:38 a.m. in Egypt] CNN's Ian Lee reporting in front of the high court: This is the same place, where Mosry was installed just a year ago. [Updated at 4:34 a.m. ET, 10:34 a.m. in Egypt] Mansour remains chief justice, as well, Egyptian state TV reports. [Updated at 4:28 a.m. ET, 10:28 a.m. in Egypt] Interim Egyptian President Adly Mansour was sworn in in Cairo. [Updated at 4:16 a.m. ET, 10:16 a.m. in Egypt] Two leading figures of the Muslim Brotherhood were arrested today, Egytian state radio reports. The former speaker of parliament and a member of the party's executive office were taken to Cairo's Torah prison. [Updated at 4:10 a.m. ET, 10:10 a.m. in Egypt] Today, the European Union called on Egypt to go down the path of democracy, human rights and non-violence. Its head of foreign affairs and security, Catherine Ashton, said: "I welcome the peaceful manner in which most demonstrations have been conducted thus far, but I find continuing cases of sexual abuse of female protesters deeply troubling. I urge all sides to show restraint.... Confrontation cannot be a solution." [Updated at 3:53 a.m. ET, 9:53 a.m. in Egypt] Egypt's military has arrested Morsy and other members of the Muslim Brotherhood. It shut down pro-MB broadcasters and raided al Jazeera's Cairo office after it aired a statement by the deposed president. Then army leaders say today that the military will protect Islamists from attacks and intimidation, state-run Nile TV reports. And they say they will not shut any factions out of political life. That brings up an interesting question: If we're going to new free & fair elections, will the MB & Mursi be allowed to run 4 office? If not, will they be free & fair? #Egypt [Updated at 2:52 a.m. ET, 8:52 a.m. in Egypt] Human Rights Watch weighs in on what the Muslim Brotherhood should do next: Key test for #Egypt is whether Freedom & Justice Party can operate without political reprisals against its members http://ow.ly/mEjBB [Updated at 2:41 a.m. ET, 8:41 a.m. in Egypt] Palestinian President Mahmoud Abbas has said he is concerned about stability in Egypt but also respects the will of the people. He hopes Egypt will exit the current crisis stronger. [Updated at 2:28 a.m. ET, 8:28 a.m. in Egypt] Health officials say 32 people were killed in clashes in Egypt yesterday. [Updated at 2:10 a.m. ET, 8:10 a.m. in Egypt] This is a statement from the UAE, which says it is "following with satisfaction" the developments in Egypt. In the UAE, the Muslim Brotherhood is a banned organization. "H.H. Sheikh Abdullah bin Zayed Al Nahyan, said that the UAE has full confidence that the great people of Egypt will be able to overcome the current difficult moments that the country is experiencing in order to reach a safe and prosperous future. ... "His Highness added that the great Egyptian army proves, once again, that it is the strong shield and the protector that guarantees that the country is a land of institutions and law that embraces all the components of the Egyptian people." [Updated at 1:52 a.m. ET, 7:52 a.m. in Egypt] Instagram has put together a collection of the best photos and videos by its users. [Updated at 1:45 a.m. ET, 7:45 a.m. in Egypt] Morsy deprived the opposition of a political process, activist Ahmed El Hawary told CNN's Anderson Cooper. "We don't have - we didn't have any outlets or anyway to be heard unless we go down to the streets and chant our demands, and even though, he ignored us." [Updated at 1:27 a.m. ET, 7:27 a.m. in Egypt] A popular image on the photo social media site Imgur, allegedly from Egypt. [Updated at 12:19 a.m. ET Thursday, 6:19 a.m. in Egypt] Welcome to Thursday's Egypt live blog. With Mohamed Morsy out of power, some of his opponents are making plans to clean up Tahrir Square, while his supporters say they will protest until he is reinstated as president. CNN's Ben Wedeman, a veteran journalist, who was long based in Cairo, warns that there will likely be no calm after the storm of recent protests. [Updated at 11:52 p.m. ET, 5:52 a.m. in Egypt] Some 40 anti-Morsy protesters are planning to meet with cleaning equipment to polish up their former protest campground, Tahrir Square. They have invited over 2,000 people to join them on Facebook. [Updated at 11:03 p.m. ET, 5:30 a.m. in Egypt] CNN's Jake Tapper outlines some fine points of Obama's reaction to the Egyptian military's actions: President Obama’s statement Wednesday evening about the Egyptian military’s seizure of power from President Mohamed Morsy is as telling for what he doesn’t say as for what he does: he doesn’t mention the word “coup.” He doesn’t call upon the Egyptian military to restore power to the “democratically elected civilian government,” but rather to a“democratically elected civilian government” - in other words, it need not be Morsy’s. The thinking of the president and senior Obama administration officials, according to a knowledgeable source, is that while the administration is not explicitly supporting the removal of Morsy from power - it expressly did not support the move - it is seeking to now push the Egyptian military in a direction. If the Obama administration were to use the word “coup.” that would have legal ramifications that would result in the end of U.S. aid. If White House officials were to pull the plug completely, they would be removing themselves from the picture altogether. Read the story. [Updated at 10:19 p.m. ET, 4:19 a.m. in Egypt] CNN's Ben Wedeman, who spent time at a pro-Morsy rally in Cairo on Wednesday evening, reported he spoke to one protester who said he felt demonstrators would stay there "until Mohamed Morsy is once again president of Egypt." Wedeman recalled the exchange early Thursday after leaving the pro-Morsy rally to go to the larger gathering at Cairo's Tahrir Square, where people still were celebrating Morsy's ouster. Wedeman said that although much focus is on the joy and excitement at Tahrir Square, "there's a significant portion of the Egyptian population – (although) I wouldn’t suggest it’s a majority – who are very upset at what has happened." Wedeman, a CNN senior international correspondent who'd previously served as CNN's Cairo bureau chief, said it appeared the overall mood in Egypt would be different than 2011, when then-President Hosni Mubarak was deposed. In 2011, Wedeman said, Mubarak's supporters kept a low profile for months. "There's not going to be that quiet after the storm this time around," Wedeman said. [Updated at 10:06 p.m. ET, 4:06 a.m. in Egypt] Get ready for an extremist backlash to Morsy's ouster, says Mohammed Ayoob, Michigan State University professor emeritus of international relations. "The major lesson that Islamists in the Middle East are likely to learn from this episode is that they will not be allowed to exercise power no matter how many compromises they make in both the domestic and foreign policy arenas," Ayoob wrote for a CNN.com opinion piece. "This is likely to push a substantial portion of mainstream Islamists into the arms of the extremists who reject democracy and ideological compromise." CNN's Ben Wedeman, reporting from Cairo, also said there's a danger that some members of the Muslim Brotherhood will break from the main group and "challenge (Egypt's new leaders) with violence." They may take the attitude of "we tried to play the game, our leaders were jailed, our media have been shut down ... so we’re going to destroy the system," said Wedeman, who is a CNN senior international correspondent and had previously been CNN's Cairo bureau chief. http://news.blogs.cnn.com/2013/07/04/morsy-arrested-muslim-brotherhood-spokesman-says/comment-page-1/
Thursday, July 4, 2013 6:22 AM
Quote:The state-run Al-Ahram News reported that Egypt's stock market surged 7% in the first hours of trading Thursday to a near two-month high.
Thursday, July 4, 2013 8:23 AM
Thursday, July 4, 2013 1:39 PM
Quote:Stocks in Cairo rose by 7% on Thursday, their largest one-day percentage gain in over a year.Traders are hoping that Egypt's prospects will improve in the absence of Mr Morsi, even though the country's battered economy remains in crisis. Some analysts said a long-stalled loan from the IMF may now be possible, although others remained sceptical. "The technocrats will know how to deal with institutions - they will help the country financially because they have a clear agenda," said Sebastien Henin, portfolio manager at The National Investor, an Abu Dhabi-based investment firm. "There will be a definitive change to the business environment for international and domestic investors," he added.
Friday, July 5, 2013 12:11 PM
AURAPTOR
America loves a winner!
Monday, July 8, 2013 4:33 AM
Quote:[n]Egyptians would be lucky if their new ruling generals turn out to be in the mold of Chile's Augusto Pinochet, who took over power amid chaos but hired free-market reformers and midwifed a transition to democracy.
Monday, July 8, 2013 9:16 AM
FREMDFIRMA
Quote:Originally posted by SIGNYM: But so far, ALL of our narratives have been falsified and untrustworthy.
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