This story just ran 30 mins ago, contrast that to my warning on a revolution in Egypt earlier today in the USO update at 11:11.
It just so happens that world events is another one of my passions. In any case, what is being said by the military regime about protesters being former Mubarak supporters is absolute bunk. They are out and if they want to keep their heads or any place in a new government, they keep quiet as anyone in the Egyptian government knows Mubarak was forced from power by the military and not because of the protests-that was a convenient cover. It was because ever since Nasser, the military has been the regime in Egypt. All leaders are chosen by the military and they come from the military-Mubarak was an air-force general (the air force being held in high esteem). So any pro Mubarak protesters who were former associates is a plain outright lie to try to cover for the fact that the street is starting to rise. It's a little more realistic version of Gadhafi's "The protesters/rebels in Libya are Al Qaeda and those they slipped hallucinogenic pills". On the outside Gadhafi's claim is much wore insane, but for those who understand how Egypt works, the Egyptian military's claim is just as ridiculous. They are trying to prevent the spread of another popular uprising, especially in light of events in Libya.
Remember the ETF, EGPT.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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